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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.
Georgia Power has announced a donation of $100,000 to the Center for Pan Asian Community Services (CPACS) to support Asian American and Pacific Islander (AAPI) communities. Funds will aid in providing essential services, including interpretation, translation, and COVID-19 relief. This initiative aligns with Georgia Power's commitment to racial equity and community support, especially in response to increased violence against Asian communities during the pandemic. The company emphasizes its dedication to ending racial discrimination and enriching diverse communities across Georgia.
Georgia Power urges its 2.6 million customers to prepare for the Atlantic Hurricane Season, partnering with GEMA and NWS for National Hurricane Preparedness Week from May 9-15. Key safety tips include building an emergency kit, having a communication plan, and understanding risks associated with severe weather. The company emphasizes generator safety and proper food storage during outages. New resources include educational videos and an outage map for real-time updates. Georgia Power continually invests in infrastructure for reliability and resiliency against severe weather events.
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On May 5, 2021, Southern Company Gas took ownership of the Meadow Branch Landfill Methane Recovery Facility, forming a new subsidiary, Southern Company Gas Renewables. This facility enhances the company's ability to provide renewable natural gas (RNG), aligning with its goal of achieving net-zero greenhouse gas emissions by 2050. In 2020, the facility produced 340,000 MMBtu of RNG, enough to power 3,400 homes for a year, while reducing CO2 emissions by nearly 18,000 metric tons. The initiative aims to create economical, sustainable fuel solutions and support local job creation.
Georgia Power is currently addressing widespread power outages affecting around 8,000 customers due to severe weather, which includes high winds, rain, and tornadoes. Crews are working diligently to restore power while facing ongoing storm conditions that pose safety risks. The company emphasizes safety for customers, advising on precautions regarding downed power lines. Georgia Power continues to monitor the situation, offering resources and tips for storm preparedness to enhance customer safety and service during these challenging conditions.
Georgia Power is actively assessing damage and restoring electricity after severe storms hit the state, impacting approximately 7,500 customers, particularly in the Atlanta area. The storms caused significant damage, including downed power lines and broken poles. Crews are working diligently to repair the issues as more severe weather is anticipated. Georgia Power advises customers to stay alert and follow safety guidelines regarding downed wires, as hazardous conditions persist. Customers can utilize various tools for outage updates and storm information, including the Georgia Power mobile app and their website.
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Southern Company reported Q1 2021 earnings of $1.14 billion or $1.07 per share, a significant increase from $868 million or 82 cents per share in Q1 2020. Excluding certain items, adjusted earnings were $1.04 billion or 98 cents per share, up from $825 million or 78 cents. Operating revenues rose 17.8% to $5.9 billion, driven by colder weather and higher residential sales. The company highlights robust customer growth and recovery from the pandemic as key positive factors.
Georgia Power, in partnership with the Georgia Department of Transportation, promotes awareness of work zone safety during National Work Zone Awareness Week from April 26-30. With 17,297 crashes in Georgia work zones in 2020 resulting in 5,123 injuries and 24 fatalities, the theme for this year is 'Drive Safe. Work Safe. Save Lives.' Motorists are urged to obey posted signs, slow down, and be vigilant around work zones. Since July 2016, Georgia's 'Move Over Law' includes utility vehicles, emphasizing the need for driver caution to protect roadside workers.
Georgia Power announced that all modules for the Vogtle 3 & 4 nuclear expansion project have been installed, with the final water tank lifted into place. This completion marks the last major crane lift at the site. The Passive Containment Cooling Water Storage Tank will play a crucial role in the plant's safety system, holding 750,000 gallons of water for emergency cooling. The Vogtle units are set to provide power for over 500,000 homes and businesses, supporting Southern Company's net-zero carbon goal by 2050. The project has created over 7,000 jobs, reinforcing its status as Georgia's largest construction project.