Welcome to our dedicated page for The Southern news (Ticker: SO), a resource for investors and traders seeking the latest updates and insights on The Southern stock.
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.
Georgia Power is launching a series of new STEM experiment videos as part of its Learning Power initiative, aimed at enhancing summer learning for students. The program includes 12 videos, featuring engaging hands-on activities that only require basic supplies. This year marks the 10th anniversary of Learning Power, which has reached 900,000 students across 1,600 schools in Georgia. The initiative supports STEM education and aligns with state standards, fostering a love for learning among students.
Southern Company announced a quarterly dividend of 66 cents per share on July 19, 2021. This dividend is payable on Sept. 7, 2021, to shareholders of record as of Aug. 16, 2021. The company has maintained or increased its dividend for over 70 years, demonstrating a strong commitment to returning value to shareholders. Southern Company serves 9 million customers across various states, providing a range of energy solutions, including nuclear, natural gas, and renewable energy.
Nicor Gas has received approval from the Illinois Commerce Commission for its Renewable Gas Interconnection Pilot, aimed at promoting renewable natural gas (RNG) production. The $16 million initiative will interconnect RNG facilities into its distribution system, allowing for cleaner energy alternatives. The pilot could create significant economic impacts, including $478 million in economic output and over 200 jobs tied to a single RNG project. The program underscores Nicor Gas's commitment to sustainable energy solutions in Illinois.
Georgia Power, a subsidiary of Southern Company (NYSE: SO), has announced energy assistance programs aimed at helping income-eligible customers manage their energy bills during the summer months. Key offerings include a Senior Citizen Discount of up to $24 monthly for seniors over 65, a complimentary in-home energy assessment for eligible seniors through the HopeWorks program, and the Project SHARE initiative in partnership with The Salvation Army, allowing customers to donate to community members in need. For more details, visit Georgia Power's Energy Assistance.
Georgia Power has achieved significant solar growth, ranking #7 in the U.S. for solar photovoltaic installations in 2020, according to the Solar Energy Industries Association. The company accounted for 93% of Georgia's solar installations. The Georgia Public Service Commission certified an additional 970 MW of utility-scale solar in July 2021, with a target of 5,400 MW by 2025. Georgia Power maintains a diverse energy mix and emphasizes its renewable programs, which include Community Solar and Customer Renewable Supply Procurement, to support sustainability efforts.
The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock for the quarter ending September 30, 2021, payable on October 1, 2021. The declared 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 for preferred stock, and 5.00% at $0.3125 per share for Class A preferred stock. Shareholders of record on September 16, 2021, will receive these payments.
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Georgia Power is actively assessing damage and restoring power after Tropical Storm Elsa impacted Southeast Georgia on July 8, 2021. Around 6,350 customers were without power, mainly in Chatham, Effingham, and Glynn counties. The company anticipates restoring power to 95% of affected customers by 10 p.m. the same day. Crews from other areas have been mobilized to aid in recovery efforts, focusing on safety measures during the aftermath of the storm. Georgia Power continues investments in infrastructure to enhance system reliability and resilience against severe weather.
As Tropical Storm Elsa approaches Georgia, Georgia Power is mobilizing crews to assist with potential storm damage. The company emphasizes customer safety and encourages residents to monitor weather updates and prepare for hazardous conditions. Key safety recommendations include staying indoors during the storm, avoiding downed power lines, and being cautious of electrified areas post-storm. Georgia Power is continuously investing in infrastructure to enhance reliability and resilience against severe weather events. The company serves 2.6 million customers across most of Georgia.
Tropical Storm Elsa is projected to reach Georgia soon, affecting the southern and coastal regions with heavy rainfall and strong winds. Georgia Power urges residents to stay updated on weather conditions and emphasizes safety as their priority. The company is prepared to address service interruptions promptly. They provide various resources, including storm safety videos and outage reporting options through their website and mobile app. Ongoing investments in infrastructure enhance reliability and resiliency against severe weather, ensuring better service for 2.6 million customers.