Southern Stock Price, News & Analysis

Georgia Natural Gas (GNG) has launched Greener Life® for Business, enabling commercial customers to offset their carbon emissions from natural gas use. The Georgia Aquarium is the first to adopt this program, which simplifies the process of reducing emissions without needing to overhaul existing infrastructure. GNG will calculate greenhouse gas emissions and purchase carbon offsets quarterly. The program is available at an affordable rate of $4.99/month, with six months free for new residential sign-ups. GNG's initiative aims to support businesses in achieving environmental goals while continuing to utilize natural gas.

Georgia Power, the largest non-governmental provider of recreation in Georgia, encourages residents to enjoy its parks and lakes this Labor Day weekend. The company manages over 100,000 acres of land and 60,000 surface acres of water, offering various outdoor activities. Georgia Power emphasizes safety with its SPLASH initiative, aiming to reduce drowning incidents among children. Boating and water safety tips are shared to ensure enjoyable experiences on the water. Information about accessing recreational facilities and safety resources is available on their website.

Georgia Power has mobilized over 500 workers to assist with power restoration efforts in Louisiana following Hurricane Ida. The company collaborates with FEMA and GEMA to promote National Preparedness Month, urging its 2.6 million customers to prepare for emergencies. Key recommendations include building an emergency kit, creating an emergency plan, and understanding local risks. The utility emphasizes the importance of infrastructure investments to enhance reliability and resiliency against severe weather. Georgia Power remains committed to delivering affordable energy and excellent customer service.

Georgia Power is deploying approximately 500 personnel to assist Mississippi Power with storm restoration following Hurricane Ida. This response is part of a mutual assistance network among utilities to provide rapid repairs after severe weather. The company is prepared for local service interruptions and is implementing COVID-19 precautions for its teams. Georgia Power serves 2.6 million customers in Georgia and is recognized for its commitment to reliable energy and customer service. The firm maintains a diverse energy generation mix, focusing on affordability and sustainability.

Georgia Power is enhancing the state's electric mobility ecosystem by supporting the adoption of electric vehicles (EVs). With 30,000 EVs and 930 public charging stations currently in Georgia, the company is investing nearly $6 million by 2022 to expand charging infrastructure. This includes installing 51 Direct Current fast chargers, significantly improving travel convenience across the state. By 2030, the company aims to convert 50% of its fleet to EVs and collaborates with major automotive OEMs. Georgia's favorable business conditions and infrastructure are attracting EV-related investments.

Georgia Power announced the election of Aaron Abramovitz as executive vice president, chief financial officer, and treasurer, effective Sept. 1, 2021. Abramovitz, previously vice president at Southern Nuclear, will oversee accounting and financial functions, focusing on the Vogtle 3 & 4 project. This transition follows Dan Tucker's move to Southern Company as executive vice president and CFO on the same date. Abramovitz brings 20 years of experience with Southern Company, aiming to enhance the company's financial stewardship and stakeholder engagement.

Southern Company announced the retirement of Andrew W. Evans, Executive Vice President and Chief Financial Officer, effective Sept. 1, 2021. He will remain as a senior advisor until Dec. 31, 2021. Daniel S. Tucker, currently CFO of Georgia Power, will succeed him. Evans has been with Southern Company since 2002 and served as CFO since 2018, contributing significantly to financial strategies. Southern Company's leadership transitions are part of long-term succession planning aimed at ensuring business continuity.

Georgia Power is mobilizing over 100 employees to assist with recovery efforts in Connecticut due to Hurricane Henri. The team, including linemen and engineers, departed from Lawrenceville at 6 a.m. on Sunday. The utility company is part of a mutual assistance network, allowing it to offer support to other utilities while maintaining service for its own customers. Georgia Power had previously received support from other utilities during major storms like Hurricanes Michael and Irma. Additionally, the company has pandemic protocols in place to ensure worker and customer safety during storm response efforts.

Georgia Power urges customers to review and select a rate plan that aligns with their energy needs as summer temperatures rise. The company offers various flexible options designed to help customers manage their energy costs, including FlatBill®, PrePay, and Smart Usage plans. Georgia Power aims to deliver reliable and affordable energy while maintaining rates below the national average. The company is recognized for its commitment to customer satisfaction, serving 2.6 million customers in Georgia.