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The Southern Company reports news about an energy provider serving 9 million customers through electric operating companies in three states, natural gas distribution companies in four states, Southern Power, PowerSecure, fiber optics and telecommunications services. Recurring updates cover earnings, dividend actions and operating developments across Alabama Power, Georgia Power, Mississippi Power, Southern Power and Southern Company Gas.
Company news also includes Georgia Power matters before the Georgia Public Service Commission, including resource planning, capacity procurement, solar resources, transmission and distribution upgrades, grid reliability programs, storm readiness and customer safety communications. PowerSecure updates focus on distributed energy solutions such as utility-scale battery storage, solar generation, backup power and resiliency projects.
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The Atlanta Gas Light Foundation has donated $50,000 to the Georgia Justice Project (GJP) to enhance opportunities for rehabilitated individuals impacted by the criminal justice system. This funding aims to assist the estimated 1.5 million eligible Georgians in expunging their criminal records. The initiative aligns with GJP's mission to reduce recidivism through employment and education access. The donation is part of a larger commitment by Southern Company Gas, which is contributing $700,000 to various organizations promoting equity and social justice.
Southern Company reported third-quarter 2021 earnings of $1.1 billion, or $1.04 per share, down from $1.3 billion or $1.18 per share in the same period of 2020. Year-to-date earnings were $2.6 billion, or $2.46 per share, compared to $2.7 billion, or $2.58 per share in 2020. However, excluding certain items, third-quarter earnings improved slightly to $1.30 billion, or $1.23 per share. Operating revenues increased to $6.2 billion in Q3 2021, up 11% year-over-year, driven by higher customer usage and growth, though impacted by $197 million charge related to construction.
Shipshape, based in Austin, Texas, plans to establish a new Network Operations Center in Birmingham, Alabama, aiming to create over 750 high-tech jobs by 2025. The center will occupy the top floor of a Class-A office building on Arlington Avenue. This initiative builds on previous partnerships with Alabama Power and participation in the Techstars Alabama EnergyTech Accelerator. Shipshape focuses on smart home technology, assisting homeowners in reducing maintenance costs while enhancing efficiency.
Atlanta Gas Light has announced initiatives to assist customers facing winter heating bill challenges amid dropping temperatures. The company emphasizes support through available resources, including the federally funded Low Income Home Energy Assistance Program (LIHEAP) starting enrollment for eligible residents on Nov. 1, 2021. Other assistance options include the Heating Energy Assistance Team and various community programs. Additionally, Atlanta Gas Light offers a monthly $14 discount for eligible seniors on their natural gas bills. The company aims to ensure customer comfort and reliability this winter season.
Chattanooga Gas is reminding customers about financial assistance options amid rising energy costs during winter. The company emphasizes the Low Income Home Energy Assistance Program (LIHEAP), which supports households under 150% of the poverty line, urging eligible families to enroll quickly. Furthermore, local organizations in Tennessee offer additional support. Chattanooga Gas also shares energy efficiency tips, like using programmable thermostats and sealing windows, to help customers manage their expenses better.
The Atlanta Area Council, Boy Scouts of America, has partnered with Georgia Natural Gas to join the Greener Life® for Business program. This initiative enables organizations to offset their carbon emissions from natural gas usage without disrupting operations or incurring additional costs. Georgia Natural Gas will retire carbon offsets quarterly to ensure carbon neutrality for participating customers. The program reflects Southern Company Gas's commitment to sustainability, aiming to inspire local businesses to adopt similar measures for a cleaner energy future.
On October 27, 2021, the Atlanta Gas Light Foundation announced a $150,000 donation to the Technical College System of Georgia (TCSG). This funding aims to enhance HVAC and Pipefitting programs and address financial gaps for students, as many are forced to leave due to unpaid fees. The initiative reflects a broader commitment by Southern Company Gas, which plans to donate $700,000 to various organizations focused on education and community support. Atlanta Gas Light emphasizes the importance of providing students with the tools needed for career success.
Georgia Power has revised the schedule for its Vogtle 3 & 4 nuclear expansion project, now projecting Unit 3 in-service by Q3 2022 and Unit 4 by Q2 2023. This delay is due to ongoing construction challenges and the need for extensive safety testing. Unit 3 is 99% complete, with total project progress at 95%. A peak rate impact of approximately 10% on retail customers is expected, but protective measures may save customers about $1.3 billion. The project is vital for providing carbon-free energy and has created over 7,000 construction jobs.