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.
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Georgia Power advises customers to manage energy use as summer heat increases. To help save on electric bills, the company provides numerous tips and resources. Customers can access energy-saving tools and rebates at www.GeorgiaPower.com/EnergyEfficiency. They can track energy usage via the My Power Usage program, which assists in budgeting. Georgia Power also offers customizable rate plans including FlatBill®, PrePay, and Nights & Weekends to optimize costs. Additionally, the company provides bill payment assistance programs for those in need.
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Georgia Power is urging its 2.6 million customers to prepare for the 2021 Atlantic Hurricane Season, which forecasters anticipate to be above normal with a 60% chance of increased activity. The company emphasizes safety and has launched a video series addressing common questions about storm preparedness and power restoration. Georgia Power promotes year-round readiness tips, such as building an emergency kit and understanding local risks. Investments in infrastructure aim to enhance system reliability and resilience against severe weather.
Georgia Power and its foundation have published their annual Citizenship Report, revealing over $20 million in community investments during 2020. The report highlights efforts towards pandemic relief, education, social justice, and environmental stewardship. The foundation supported over 1,000 nonprofits, with a significant focus on aiding communities affected by the COVID-19 pandemic, providing $2.6 million in relief funds. Georgia Power also engaged employees and retirees in volunteer work, contributing more than 55,000 hours to local initiatives.
Georgia Power has announced that Chris Womack will take over as chairman and CEO starting June 1, succeeding Paul Bowers, who is retiring. Womack aims to enhance customer service and reliability while overseeing the historic launch of the first new nuclear units in the U.S. in decades at the Vogtle 3 & 4 project. This initiative supports Southern Company’s goal of net-zero carbon emissions by 2050. Georgia Power is committed to significant investments in equity and renewable energy, planning to increase its renewable generation capacity by over 72% by 2025.
Georgia Power urges customers to review their energy rate plans as summer temperatures rise to help manage electric bills. The company offers several flexible plans, including FlatBill, PrePay, Pay by Day, Smart Usage, Plug-In Electric Vehicle (PEV), Nights & Weekends, and Residential Service. Each plan caters to different usage patterns, allowing customers to choose what best fits their needs and potentially save on costs. Georgia Power, the largest electric subsidiary of Southern Company (NYSE: SO), serves 2.6 million customers across Georgia, focusing on reliable and affordable energy.
Southern Company will hold its 2021 Annual Meeting of Stockholders virtually on May 26, 2021, at 10:00 a.m. ET. During the meeting, Chairman and CEO Thomas A. Fanning will provide a business update, focusing on the company's performance and progress towards net zero emissions and Plant Vogtle Units 3 and 4. Stockholders can access the meeting online, starting at 9:45 a.m. ET. A replay will be available 24 hours post-meeting. Southern Company is known for delivering clean, reliable, and affordable energy across several states.
Georgia Power encourages customers to prepare for the summer heat with tips and resources aimed at reducing energy costs. With temperatures expected to reach 90 degrees, the company highlights customizable rate plans that can help manage electricity bills. Customers are urged to review their current plans and explore energy assistance programs supporting those in need. Free online resources like the Online Energy Checkup and My Power Usage program facilitate energy efficiency. These efforts aim to provide reliable energy while keeping costs below the national average.