Southern Stock Price, News & Analysis

Southern Company will hold its 2021 Annual Meeting of Stockholders virtually on May 26, 2021, at 10:00 a.m. ET. During the meeting, Chairman and CEO Thomas A. Fanning will provide a business update, focusing on the company's performance and progress towards net zero emissions and Plant Vogtle Units 3 and 4. Stockholders can access the meeting online, starting at 9:45 a.m. ET. A replay will be available 24 hours post-meeting. Southern Company is known for delivering clean, reliable, and affordable energy across several states.

Georgia Power encourages customers to prepare for the summer heat with tips and resources aimed at reducing energy costs. With temperatures expected to reach 90 degrees, the company highlights customizable rate plans that can help manage electricity bills. Customers are urged to review their current plans and explore energy assistance programs supporting those in need. Free online resources like the Online Energy Checkup and My Power Usage program facilitate energy efficiency. These efforts aim to provide reliable energy while keeping costs below the national average.

Georgia Power has announced a donation of $100,000 to the Center for Pan Asian Community Services (CPACS) to support Asian American and Pacific Islander (AAPI) communities. Funds will aid in providing essential services, including interpretation, translation, and COVID-19 relief. This initiative aligns with Georgia Power's commitment to racial equity and community support, especially in response to increased violence against Asian communities during the pandemic. The company emphasizes its dedication to ending racial discrimination and enriching diverse communities across Georgia.

Georgia Power urges its 2.6 million customers to prepare for the Atlantic Hurricane Season, partnering with GEMA and NWS for National Hurricane Preparedness Week from May 9-15. Key safety tips include building an emergency kit, having a communication plan, and understanding risks associated with severe weather. The company emphasizes generator safety and proper food storage during outages. New resources include educational videos and an outage map for real-time updates. Georgia Power continually invests in infrastructure for reliability and resiliency against severe weather events.

On May 5, 2021, Southern Company Gas took ownership of the Meadow Branch Landfill Methane Recovery Facility, forming a new subsidiary, Southern Company Gas Renewables. This facility enhances the company's ability to provide renewable natural gas (RNG), aligning with its goal of achieving net-zero greenhouse gas emissions by 2050. In 2020, the facility produced 340,000 MMBtu of RNG, enough to power 3,400 homes for a year, while reducing CO2 emissions by nearly 18,000 metric tons. The initiative aims to create economical, sustainable fuel solutions and support local job creation.

Georgia Power is currently addressing widespread power outages affecting around 8,000 customers due to severe weather, which includes high winds, rain, and tornadoes. Crews are working diligently to restore power while facing ongoing storm conditions that pose safety risks. The company emphasizes safety for customers, advising on precautions regarding downed power lines. Georgia Power continues to monitor the situation, offering resources and tips for storm preparedness to enhance customer safety and service during these challenging conditions.

Georgia Power is actively assessing damage and restoring electricity after severe storms hit the state, impacting approximately 7,500 customers, particularly in the Atlanta area. The storms caused significant damage, including downed power lines and broken poles. Crews are working diligently to repair the issues as more severe weather is anticipated. Georgia Power advises customers to stay alert and follow safety guidelines regarding downed wires, as hazardous conditions persist. Customers can utilize various tools for outage updates and storm information, including the Georgia Power mobile app and their website.