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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.
Southern Company has declared a quarterly dividend of 66 cents per share on its common stock, payable on Dec. 6, 2021, to shareholders on record by Nov. 15, 2021. This maintains the company's long-standing commitment, as it has paid equal or increased dividends every quarter for over 70 years. Serving around 9 million customers across multiple states, Southern Company is recognized for providing reliable and affordable energy through diverse resources, with a focus on a low-carbon future.
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Nicor Gas has launched the Northern Illinois Community Initiatives (NICI) to drive economic development in severely under-resourced areas of Northern Illinois. Funded by $20 million from Southern Company Gas and an additional $250,000 grant, NICI aims to collaborate with local entities to revitalize communities that lack investment. Initial grants will support projects like a feasibility study for the Wood Street corridor and the establishment of an e-commerce hub in Matteson. The initiative responds to the growing economic distress in these communities, exacerbated by COVID-19.
Southern Company announced the election of Kristine L. Svinicki as an independent director, effective October 17, 2021. Svinicki, former chairman of the U.S. Nuclear Regulatory Commission, brings extensive experience in energy policy and nuclear technologies. She joins the Business Security and Resiliency and Operations, Environmental and Safety Committees. Southern Company emphasizes its commitment to corporate governance and diversity through this appointment, positioning itself to better address future energy challenges.
The board of directors of Alabama Power Company has announced regular quarterly dividends on preferred stock, effective for the quarter ending December 31, 2021. The dividends include: 4.20% at $1.05, 4.52% at $1.13, 4.60% at $1.15, 4.64% at $1.16, 4.72% at $1.18, and 4.92% at $1.23 per share. Class A Preferred Stock dividends will be at 5.00% or $.3125 per share. Payment is scheduled for January 1, 2022, to shareholders recorded by December 17, 2021. Alabama Power serves approximately 1.5 million customers in Alabama and is a subsidiary of Southern Company (NYSE:SO).
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Southern Company will announce its third-quarter earnings on November 4, 2021, at 7:30 a.m. EDT. This will be followed by a conference call at 1 p.m. EDT, where Chairman Thomas A. Fanning and CFO Daniel S. Tucker will discuss results with financial analysts. Investors can access a live webcast of the call through the company's investor relations website, with a replay available for one year. Southern Company serves 9 million customers and is committed to providing reliable and affordable energy while focusing on a low-carbon future.
Georgia Power has received approval from the Georgia Public Service Commission to construct and operate the Mossy Branch Battery Facility, marking a significant step in its sustainability efforts. This 65 MW/260 MWh battery energy storage system will be the first standalone of its kind on the Georgia Integrated Transmission System. It is part of a broader 80 MW battery storage initiative approved in 2019. The facility aims to enhance the reliability of renewable energy by enabling quick responses to fluctuating energy needs and optimizing battery usage for various applications.
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Georgia Power, in partnership with Voices for Georgia's Children, is celebrating Georgia Pre-K Week virtually for the eighth consecutive year due to COVID-19. The initiative features readings by elected officials and Georgia Power representatives to promote literacy and STEM education among Pre-K students. Last year, Georgia Power's Learning Power program reached over 6,600 students, emphasizing energy efficiency and career opportunities. Since 2011, the program has engaged 900,000 students statewide. Georgia Power, a subsidiary of Southern Company (NYSE: SO), aims to deliver reliable energy and customer service across Georgia.