Southern Stock Price, News & Analysis

Georgia Power is addressing outages caused by heavy rain and gusty winds from Tropical Storm Claudette, affecting around 5,000 customers across central and north Georgia. Crews are encountering downed wires and broken poles due to fallen trees and debris. Residents are urged to prepare for further outages and adhere to safety guidelines. The company emphasizes ongoing infrastructure investments to enhance the resilience and reliability of power services. Customers can seek updates and assistance via their website and mobile app.

Georgia Power warns customers about upcoming severe weather and heavy rain expected over the weekend. The company is prepared to handle service interruptions promptly and safely. Customers are advised to check their emergency kits, stay updated on weather alerts, and avoid contact with downed power lines after storms. Georgia Power emphasizes the importance of its ongoing infrastructure investments aimed at enhancing reliability and resiliency against severe weather events, ensuring customer satisfaction and safety.

Georgia Power advises customers to manage energy use as summer heat increases. To help save on electric bills, the company provides numerous tips and resources. Customers can access energy-saving tools and rebates at www.GeorgiaPower.com/EnergyEfficiency. They can track energy usage via the My Power Usage program, which assists in budgeting. Georgia Power also offers customizable rate plans including FlatBill®, PrePay, and Nights & Weekends to optimize costs. Additionally, the company provides bill payment assistance programs for those in need.

Georgia Power is urging its 2.6 million customers to prepare for the 2021 Atlantic Hurricane Season, which forecasters anticipate to be above normal with a 60% chance of increased activity. The company emphasizes safety and has launched a video series addressing common questions about storm preparedness and power restoration. Georgia Power promotes year-round readiness tips, such as building an emergency kit and understanding local risks. Investments in infrastructure aim to enhance system reliability and resilience against severe weather.

Georgia Power and its foundation have published their annual Citizenship Report, revealing over $20 million in community investments during 2020. The report highlights efforts towards pandemic relief, education, social justice, and environmental stewardship. The foundation supported over 1,000 nonprofits, with a significant focus on aiding communities affected by the COVID-19 pandemic, providing $2.6 million in relief funds. Georgia Power also engaged employees and retirees in volunteer work, contributing more than 55,000 hours to local initiatives.

Georgia Power has announced that Chris Womack will take over as chairman and CEO starting June 1, succeeding Paul Bowers, who is retiring. Womack aims to enhance customer service and reliability while overseeing the historic launch of the first new nuclear units in the U.S. in decades at the Vogtle 3 & 4 project. This initiative supports Southern Company’s goal of net-zero carbon emissions by 2050. Georgia Power is committed to significant investments in equity and renewable energy, planning to increase its renewable generation capacity by over 72% by 2025.