Welcome to our dedicated page for Southern news (Ticker: SO), a resource for investors and traders seeking the latest updates and insights on Southern stock.
The Southern Company reports news about an energy provider serving 9 million customers through electric operating companies in three states, natural gas distribution companies in four states, Southern Power, PowerSecure, fiber optics and telecommunications services. Recurring updates cover earnings, dividend actions and operating developments across Alabama Power, Georgia Power, Mississippi Power, Southern Power and Southern Company Gas.
Company news also includes Georgia Power matters before the Georgia Public Service Commission, including resource planning, capacity procurement, solar resources, transmission and distribution upgrades, grid reliability programs, storm readiness and customer safety communications. PowerSecure updates focus on distributed energy solutions such as utility-scale battery storage, solar generation, backup power and resiliency projects.
Volta Inc. (NYSE: VLTA) has launched PredictEV® Fleet, an AI-driven product designed for fleet electrification, in partnership with Southern Company (NYSE: SO). This collaboration aims to facilitate effective electrification strategies for fleets, utilizing machine learning and data analytics to recommend EVs and calculate cost savings. Southern Company plans to electrify 50% of its fleet by 2030. The PredictEV Fleet supports utilities in managing grid demands associated with increased electrification.
Southern Company has announced the launch of PredictEV® Fleet, a new tool developed in partnership with Volta Inc. (NYSE: VLTA) to assist businesses in transitioning their commercial vehicle fleets to electric vehicles (EVs). This software analyzes current vehicle data to provide recommendations on EV options, charging equipment, cost savings, and available incentives. Southern Company aims to leverage this innovation to meet rising EV demand and enhance customer sustainability efforts. This aligns with their goal of electrifying 50% of light-duty vehicles by 2030.
Southern Company will announce its first quarter 2022 earnings on April 28, 2022, at 7:30 a.m. EDT. The conference call, led by CEO Thomas A. Fanning and CFO Daniel S. Tucker, will take place at 1 p.m. EDT on the same day, targeting financial analysts. Investors and the public can access a live webcast and a replay for 12 months via the company's investor relations page. Southern Company serves 9 million customers through its subsidiaries, focusing on clean, reliable energy solutions.
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Chattanooga Gas reminds communities to "Call Before You Dig" during April's Safe Digging Month. Customers should contact 811 to have underground utility lines marked prior to any digging projects, including installations and landscaping. The service is free and legally required. Key guidelines include allowing time for markings, respecting utility markers, and excavating carefully. Chattanooga Gas serves around 68,000 customers in Hamilton and Bradley counties, providing retail natural gas sales and transportation services. For more details, visit chattanoogagas.com.
Atlanta Gas Light emphasizes the importance of safe digging as warmer weather arrives, urging communities to 'Call Before You Dig' during Safe Digging Month this April. Customers are encouraged to dial 811 to have underground utility lines marked before starting any outdoor digging projects. This service is free and legally required. The company offers guidelines for safe digging, including respecting marked lines and excavating carefully. Atlanta Gas Light serves over 1.6 million customers in Georgia and operates under Southern Company (NYSE: SO).
Southern Power announced that its battery-based energy storage projects at the Tranquillity and Garland solar facilities in California are now fully operational. These projects aim to enhance California's grid reliability by providing additional flexible resource capacity. The Garland facility will add 88 MW and 352 MWh, while Tranquillity will contribute 72 MW and 288 MWh of storage. These projects are backed by a 20-year power purchase agreement with Southern California Edison and align with Southern Power's growth strategy of securing long-term contracts with credible partners.
Virginia Natural Gas (VNG) continues to support diverse businesses in Southeast Virginia, spending over $43 million with minority, women, and veteran-owned suppliers in 2021, achieving nearly 32% diverse spending. Since 2015, VNG has invested a total of $189.3 million in diverse businesses. The company has launched an 18-month Supplier Diversity Development Program to build the capacity of diverse suppliers. With 48 diverse business partners, VNG aims to foster entrepreneurship in impacted minority groups while enhancing competitiveness and community growth.
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A recent study conducted by ICF confirms that Southern Company Gas can achieve net-zero direct greenhouse gas emissions, including methane, by leveraging its existing natural gas infrastructure. The analysis shows that a pathway involving natural gas efficiency technologies and renewable natural gas (RNG) could yield nearly 25% more GHG reductions at half the cost compared to mandatory electrification. This study aligns with Southern Company’s goal to reach net-zero emissions by 2050, presenting economic benefits for customers and opportunities for local supply through renewable projects.