Southern Stock Price, News & Analysis

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.

Nicor Gas, serving 2.2 million customers in Northern Illinois, has announced initiatives to assist 250,000 families living at or below the federal poverty line, exacerbated by COVID-19. The company partners with organizations like the Northern Illinois Food Bank and Greater Chicago Food Depository to combat food insecurity, which has surged by 62% in the area. Additionally, Nicor Gas provided care packages to over 2,000 customers and offers energy assistance programs. These efforts aim to alleviate financial burdens during challenging economic times.

Georgia Power has appointed Fran Forehand as the new senior vice president of Power Delivery, effective April 2, 2021. Forehand, who previously served as vice president of Customer Service and Operations at Mississippi Power, has extensive experience in electric system operations. She will oversee the planning, design, and maintenance of the company’s distribution and transmission systems. This change follows the retirement of Glen Grizzle, who had a 40-year career with Georgia Power. The company aims to maintain reliable energy services for its 2.6 million customers across Georgia.

Georgia Power is enhancing electric vehicle (EV) infrastructure in Georgia by investing $6 million over the next three years to install 49 DC fast chargers, allowing drivers to gain 100 miles in just 12 minutes. This initiative is part of the Electric Highway Coalition, enabling seamless EV travel through a coordinated network from Texas to Washington, D.C. Georgia Power's commitment supports the adoption of EVs, with plans to electrify 50% of its fleet by 2030, emphasizing environmental benefits and expanding access for customers.

On March 2, 2021, Southern Company announced its partnership with five other energy firms to form the Electric Highway Coalition, aiming to develop a network of DC fast chargers across major U.S. highways. This initiative addresses concerns about electric vehicle (EV) charging availability during long trips, with projections estimating 18 million EVs on U.S. roads by 2030. The coalition will enhance travel convenience and support Southern Company's commitment to sustainability, pledging net zero greenhouse gas emissions by 2050 and an internal fleet electrification goal by 2030.

Georgia Power's average outage time was 42% lower than the national average in 2019, according to recent data. The company prepared for severe weather by mobilizing over 4,000 personnel during the 2020 storm season, responding to more than 26 severe weather events, including Hurricane Zeta, which impacted over 822,000 customers. Their storm response includes assessing conditions and making swift repairs. Georgia Power emphasizes safety for both workers and customers. The company is a subsidiary of Southern Company (NYSE: SO) and is committed to providing reliable energy across Georgia.

Georgia Power, a subsidiary of Southern Company (NYSE: SO), promotes responsible landscaping on Georgia Arbor Day, emphasizing the importance of planting trees appropriately to enhance power reliability. The company divides planting into three zones and maintains extensive transmission lines to serve 2.6 million customers. Georgia Power planted over 361,000 loblolly pines last year as part of its conservation efforts. Additionally, it encourages customers to call 811 before digging to ensure safety around utility lines.

On February 19, 2021, Southern Company announced that several of its attorneys have been selected for programs by the Leadership Council for Legal Diversity (LCLD). Ruby Jackson and Latoya Brisbane will participate in the LCLD Fellows Program, while Calida Joy McCampbell and Felicia Long will join the Pathfinders Program. These year-long programs aim to enhance leadership skills for diverse attorneys. Southern Company has been actively involved with LCLD for six years, promoting diversity and inclusion within the legal profession.