Southern Stock Price, News & Analysis

QTS Realty Trust (NYSE: QTS) has announced a partnership with Southern Telecom, Inc. (STI) for the deployment of a dark fiber network at its Atlanta-Metro data center campus. This partnership enhances QTS' connectivity options, providing multiple dark fiber paths across the Southeast. The recent opening of Atlanta-Metro Data Center 2 (DC2) adds 240,000 square feet and 72 megawatts of power capacity. The campus is expected to support more than 275 megawatts of power capacity upon full development, boosting QTS' competitive edge in the data center market.

Southern Company announced a 52% reduction in greenhouse gas (GHG) emissions from 2007 levels in 2020, surpassing its 2030 goal of 50%. The company aims for net zero emissions by 2050, with expectations to maintain or exceed a 50% reduction by 2025. The shift from coal to renewables is notable, with coal's share dropping to 17% in 2020. The approach includes a focus on clean energy technologies and regulatory decision-making. The company emphasizes its commitment to sustainability without government mandates.

Georgia Power celebrates its annual Thank a Lineman initiative throughout April 2021, recognizing the vital role of utility workers during the COVID-19 pandemic. These line crews have been instrumental in restoring power during severe weather events, particularly after tornadoes and spring storms in Coweta, Polk, and Bartow counties. The company emphasizes its commitment to reliable service for its 2.6 million customers in Georgia. The initiative encourages customers to engage through social media and express gratitude to the workers who maintain essential energy services.

Georgia Power warns customers of an impending severe storm in the state, marking the third such event in three weeks. The company emphasizes safety and preparedness, urging customers to monitor weather updates and follow storm safety tips. Recommendations include checking emergency kits, securing appliances, and avoiding downed power lines post-storm. Georgia Power highlights its continual investment in infrastructure and Smart Grid technology to enhance reliability and resiliency against severe weather disruptions. The firm remains committed to providing safe, reliable energy to its 2.6 million customers across Georgia.

Georgia Power's Dr. Mark Berry has been appointed Vice Chair of The Electric Power Research Institute's (EPRI) Research Advisory Committee, succeeding Steve Powell. Dr. Berry, who has a strong history with EPRI and Southern Company, will focus on advancing research initiatives aimed at enhancing electricity safety and environmental responsibility. Georgia Power, the largest electric subsidiary of Southern Company (NYSE: SO), is committed to delivering affordable and reliable energy, emphasizing a diverse generation mix including renewables.

Southern Power has announced the acquisition of the 300-megawatt Deuel Harvest Wind Farm from Invenergy, marking its largest wind project to date. Located in Deuel County, South Dakota, the facility will contribute significantly to Southern Power's renewable energy portfolio, now exceeding 2,533 MW. The project includes two power purchase agreements: a 25-year deal with Great River Energy starting in January 2023 and a 15-year agreement with Xcel Energy commencing in October 2021. This acquisition supports Southern Company's commitment to achieving net zero carbon emissions by 2050.

The Georgia Power Foundation announced a $1 million investment in environmental grants to support eight organizations in Georgia, aimed at preserving the state's waterways for World Water Day. The funded projects include creek restorations and pollution mitigation initiatives across various counties. The Foundation's philanthropy strategy emphasizes education, environment, and community empowerment. The Waters for Georgia program is designed for measurable environmental benefits, with each project set to be implemented over two years.

Georgia Power alerts customers of impending severe weather, including thunderstorms, damaging winds, and possible tornadoes. The company advises customers to prepare by monitoring local weather updates and following safety protocols. Key preparedness actions include checking emergency kits, securing electrical appliances, and ensuring safe shelter during storms. Georgia Power emphasizes ongoing investments in infrastructure for reliability and resiliency, including Smart Grid technology to enhance outage response. The firm aims to provide clean, reliable energy while maintaining customer service excellence across Georgia.

On March 12, 2021, Georgia Power celebrated National Solar Appreciation Day by highlighting its extensive solar resources and programs available for customers. The company aims to increase its renewable generation by over 72% by 2025, targeting 22% of its energy mix from renewables. Georgia Power currently has over 2,500 MW of renewable resources and plans to add 2,260 MW, with an emphasis on solar. Key programs include Community Solar and Simple Solar, allowing customers to engage with solar energy even without personal installations.