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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.
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Southern Power has acquired the 118-MW Glass Sands Wind Facility from Steelhead Americas, marking its 15th wind project. Located in Murray County, Oklahoma, Glass Sands will utilize 28 Vestas-manufactured turbines and is projected to commence operations in Q4 2021. The facility will supply electricity and renewable energy credits under a power purchase agreement with Amazon. This acquisition expands Southern Power's wind portfolio to over 2,533 MW, part of a larger 4,928-MW renewable fleet, reinforcing the company's strategy of acquiring long-term, credit-supported generating assets.
Southern Company announced an 8 cents per share increase in its annualized dividend to $2.64 per share, marking 20 consecutive years of dividend growth. A quarterly dividend of 66 cents per share will be paid on June 7, 2021, to shareholders of record as of May 17, 2021. This decision reflects a commitment to shareholder value and underscores the company's stable energy business performance. Since 1948, Southern Company has consistently maintained or increased its dividends, showcasing its resilience in the energy sector.
Georgia Power encourages customers to enhance energy efficiency this spring, highlighting the importance of assessing rate plans to save on energy bills. The company offers practical tips for improving home energy consumption, such as maintaining refrigerators, optimizing air conditioning, and utilizing outdoor cooking. Customers can explore tailored rate options, including FlatBill, PrePay, Pay by Day, Smart Usage, PEV, Nights & Weekends, and Residential Services. Georgia Power, a subsidiary of Southern Company (NYSE: SO), serves over 2.6 million customers in Georgia, focusing on reliable and affordable energy.
The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock, effective for the quarter ending June 30, 2021. Dividends include 4.20% at $1.05 per share, up to 4.92% at $1.23 per share for various preferred categories, and Class A preferred stock at 5.00% with dividends of $0.3125. Payment is scheduled for July 1, 2021, to shareholders of record on June 16, 2021. As a subsidiary of Southern Company (NYSE:SO), Alabama Power serves 1.5 million customers in Alabama.
Southern Company is set to release its Q1 2021 earnings on April 29, 2021, at 7:30 a.m. EDT. A conference call is scheduled for 1 p.m. EDT, where CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss the results. Stakeholders can access a live webcast of this call, which will also be available for replay for 12 months. Southern Company serves 9 million customers and emphasizes clean, reliable energy solutions while maintaining competitive pricing below the national average.
Southern Company announced key executive changes following the retirement of Mark Lantrip, who served 40 years in various roles. Stan Connally will step in as CEO of Southern Company Services (SCS) while maintaining his role in operations. Martin Davis retains his position as CIO and will focus on aligning technology functions. Jim Kerr will become chief of staff. Chris Cummiskey has been appointed as executive vice president and Chief Commercial and Customer Solutions Officer. The changes aim to drive collaboration and innovation across the company's diverse energy operations.
QTS Realty Trust (NYSE: QTS) has announced a partnership with Southern Telecom, Inc. (STI) for the deployment of a dark fiber network at its Atlanta-Metro data center campus. This partnership enhances QTS' connectivity options, providing multiple dark fiber paths across the Southeast. The recent opening of Atlanta-Metro Data Center 2 (DC2) adds 240,000 square feet and 72 megawatts of power capacity. The campus is expected to support more than 275 megawatts of power capacity upon full development, boosting QTS' competitive edge in the data center market.
Southern Company announced a 52% reduction in greenhouse gas (GHG) emissions from 2007 levels in 2020, surpassing its 2030 goal of 50%. The company aims for net zero emissions by 2050, with expectations to maintain or exceed a 50% reduction by 2025. The shift from coal to renewables is notable, with coal's share dropping to 17% in 2020. The approach includes a focus on clean energy technologies and regulatory decision-making. The company emphasizes its commitment to sustainability without government mandates.
Georgia Power celebrates its annual Thank a Lineman initiative throughout April 2021, recognizing the vital role of utility workers during the COVID-19 pandemic. These line crews have been instrumental in restoring power during severe weather events, particularly after tornadoes and spring storms in Coweta, Polk, and Bartow counties. The company emphasizes its commitment to reliable service for its 2.6 million customers in Georgia. The initiative encourages customers to engage through social media and express gratitude to the workers who maintain essential energy services.