Southern Stock Price, News & Analysis

As Tropical Storm Elsa approaches Georgia, Georgia Power is mobilizing crews to assist with potential storm damage. The company emphasizes customer safety and encourages residents to monitor weather updates and prepare for hazardous conditions. Key safety recommendations include staying indoors during the storm, avoiding downed power lines, and being cautious of electrified areas post-storm. Georgia Power is continuously investing in infrastructure to enhance reliability and resilience against severe weather events. The company serves 2.6 million customers across most of Georgia.

Tropical Storm Elsa is projected to reach Georgia soon, affecting the southern and coastal regions with heavy rainfall and strong winds. Georgia Power urges residents to stay updated on weather conditions and emphasizes safety as their priority. The company is prepared to address service interruptions promptly. They provide various resources, including storm safety videos and outage reporting options through their website and mobile app. Ongoing investments in infrastructure enhance reliability and resiliency against severe weather, ensuring better service for 2.6 million customers.

Southern Company will announce its second-quarter earnings on July 29, 2021, at 7:30 a.m. EDT. The company serves 9 million customers across several states, providing reliable energy solutions. A conference call with CEO Thomas A. Fanning and CFO Andrew W. Evans will take place at 1 p.m. EDT on the same day to discuss earnings details. Investors can access a live webcast of the call, with a replay available for 12 months.

As a leading energy provider, Southern Company focuses on innovation and a low-carbon future, ensuring customer service and reliability.

Georgia Power reminds Georgians about recreational opportunities statewide as summer vacation plans arise. The company operates approximately 100,000 acres of land and 60,000 surface acres of water, making it the largest non-governmental provider of public recreation in Georgia. Visitors can access lakes and facilities through the company's website, where they can purchase passes and reserve camping spots. Georgia Power also emphasizes water safety for families, promoting supervision and swim lessons to prevent accidental drownings, especially during the Independence Day weekend.

Georgia Power has announced a $500,000 investment from the Georgia Power Foundation to the Georgia Justice Project (GJP). This funding aims to remove employment and housing barriers for those with past criminal records, aligning with a broader $75 million commitment over five years. The initiative supports Georgia's new 'expungement law,' benefiting 1.5 million residents by facilitating access to record sealing. GJP will utilize this grant for community outreach, ensuring effective implementation of the law, thereby enhancing opportunities for rehabilitated individuals.

Georgia Power is partnering with the City of Atlanta to install 10,000 energy-efficient streetlights aimed at enhancing safety and reducing crime in high-traffic and high-crime areas. The initiative, part of the "One Atlanta – Light Up the Night" campaign, will lead to a 60% reduction in energy usage and decrease the city's carbon footprint by around 2,000 tons annually. The project follows a comprehensive streetlight inventory conducted by ATL DOT and Georgia Tech, identifying critical areas for lighting improvements.

Nicor Gas has been recognized as the Most Trusted Utility Brand for residential customers in a 2021 study by Escalent. This accolade stems from a survey involving over 76,000 customers across 140 utility companies, measuring factors like reliability and community support. Nicor Gas scored 723 out of 1000, reflecting its efforts in customer assistance and environmental initiatives. Over the past year, the company allocated more than $25 million for bill payment assistance amid the pandemic and pledged to conserve 10,000 acres of open space.

Georgia Power has been recognized as a "Most Trusted Brand" in the utility sector by Escalent's 2021 Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Residential study. This ranking reflects the company's strong performance in communication, customer service, and community support, particularly during the pandemic. The study surveyed over 75,000 customers across 140 utilities. Georgia Power emphasizes its commitment to providing reliable electricity at rates below the national average, focusing on enhanced customer service and energy efficiency initiatives.