Southern Stock Price, News & Analysis

Southern Company reported Q2 2021 earnings of $372 million (35 cents/share), down from $612 million (58 cents/share) in Q2 2020. Year-to-date earnings reached $1.51 billion ($1.42/share), slightly up from $1.48 billion ($1.40/share) last year. Excluding certain items, Q2 earnings were $891 million (84 cents/share), compared to $822 million (78 cents/share) in Q2 2020. Operating revenues increased by 12.5% to $5.2 billion, driven by strong customer usage and growth despite higher operational costs and a $343 million charge related to Plant Vogtle's construction.

Georgia Power announced a revised schedule and cost forecast for the Vogtle 3 & 4 nuclear expansion project. The in-service dates are now projected for Unit 3 in Q2 2022 and Unit 4 in Q1 2023, reflecting a 3-4 month delay. The total project capital cost has increased by $460 million, with Georgia Power's share at $9.2 billion. Despite challenges, Unit 3's Hot Functional Testing is complete, achieving 99% construction completion. The project aims to provide emissions-free electricity for over 500,000 homes, supporting Southern Company's goal of net-zero carbon emissions by 2050.

Nicor Gas has awarded the inaugural Nicor Gas Multicultural Innovator Award to Celadyne Technologies, granting $25,000 to support the clean energy startup founded by a minority. This initiative aims to foster diversity and innovation in the clean energy sector. Celadyne's hydrogen technology could reduce carbon dioxide emissions by 30% in various industries, enhancing energy efficiency. The award includes 12 months of business mentorship, connecting the company with potential investors and customers, ultimately contributing to a sustainable economy in Illinois.

Georgia Power has launched various energy efficiency programs aimed at assisting residential customers in managing their energy usage and reducing power bills, particularly during hot summer months. These programs include free online energy checkups, rebates for energy-efficient improvements, and assistance for income-qualified customers. Notable offerings are the Home Energy Improvement Program and Refrigerator Recycling that can save customers an average of $125 annually. Georgia Power is committed to providing value and reliable service to 2.6 million customers across Georgia.

Georgia Power is launching a series of new STEM experiment videos as part of its Learning Power initiative, aimed at enhancing summer learning for students. The program includes 12 videos, featuring engaging hands-on activities that only require basic supplies. This year marks the 10th anniversary of Learning Power, which has reached 900,000 students across 1,600 schools in Georgia. The initiative supports STEM education and aligns with state standards, fostering a love for learning among students.

Southern Company announced a quarterly dividend of 66 cents per share on July 19, 2021. This dividend is payable on Sept. 7, 2021, to shareholders of record as of Aug. 16, 2021. The company has maintained or increased its dividend for over 70 years, demonstrating a strong commitment to returning value to shareholders. Southern Company serves 9 million customers across various states, providing a range of energy solutions, including nuclear, natural gas, and renewable energy.

Nicor Gas has received approval from the Illinois Commerce Commission for its Renewable Gas Interconnection Pilot, aimed at promoting renewable natural gas (RNG) production. The $16 million initiative will interconnect RNG facilities into its distribution system, allowing for cleaner energy alternatives. The pilot could create significant economic impacts, including $478 million in economic output and over 200 jobs tied to a single RNG project. The program underscores Nicor Gas's commitment to sustainable energy solutions in Illinois.

Georgia Power, a subsidiary of Southern Company (NYSE: SO), has announced energy assistance programs aimed at helping income-eligible customers manage their energy bills during the summer months. Key offerings include a Senior Citizen Discount of up to $24 monthly for seniors over 65, a complimentary in-home energy assessment for eligible seniors through the HopeWorks program, and the Project SHARE initiative in partnership with The Salvation Army, allowing customers to donate to community members in need. For more details, visit Georgia Power's Energy Assistance.