Southern Stock Price, News & Analysis

On Sept. 28, 2020, Southern Company announced an ambitious goal to electrify 50% of its fleet vehicles by 2030, aligning with its broader commitment to sustainability and clean energy. This initiative comes in conjunction with the company's target of achieving net zero greenhouse gas emissions by 2050. Southern Company emphasizes that this shift not only benefits the environment but also creates economic opportunities for communities. Their efforts are part of National Drive Electric Week, a campaign aimed at promoting electric vehicles and their benefits.

Virginia Natural Gas (VNG) is enhancing its infrastructure and gas procurement strategies to meet increased energy demand for the upcoming heating season. Key projects include the operational Southside Connector pipeline, which has already saved customers an estimated $2.5 million by enabling cost-effective gas purchases. VNG is also stockpiling natural gas purchased at lower prices to ensure reliability and affordability for its nearly 300,000 customers in southeast Virginia. These efforts are part of VNG's commitment to providing safe, clean, and affordable natural gas supply.

Georgia Power has made substantial progress in restoring power to customers following Hurricane Sally, with approximately 88,000 customers restored since midnight. As of 5 p.m., about 9,800 customers remained affected across 337 outage cases. The estimated restoration times indicate that power will be restored to most affected areas by this evening, particularly in Western Georgia and North DeKalb. The company's advanced electric system has enabled effective rerouting and restoration, despite challenging weather conditions.

Georgia Power has initiated restoration efforts after Hurricane Sally affected Georgia, leaving approximately 28,000 customers without power as of 11 a.m. EDT on September 17, 2020. The company is addressing around 675 damage reports statewide. While weather conditions are improving, potential scattered outages may still occur. Georgia Power encourages safety by advising against touching downed power lines and offers various tools for customers, including Outage Alerts and a mobile app for real-time updates.

As Hurricane Sally impacts Alabama, Georgia Power is prepared to assist recovery efforts, having deployed approximately 500 personnel to the affected areas. The company's resources can be shared easily across its system, ensuring rapid response to service interruptions. With a focus on safety, Georgia Power is coordinating with other utilities to expedite power restoration while also providing safety tips for customers during the hurricane season.

For reliable service and customer support, Georgia Power emphasizes its commitment to delivering safe, affordable energy throughout Georgia.

Southern Company has elected Colette D. Honorable as an independent director, effective Oct. 1, 2020. Honorable brings extensive energy policy and regulation experience, having served as a FERC commissioner from Jan. 2015 to June 2017. Her knowledge is expected to strengthen Southern Company's governance and risk oversight. Honorable's background includes leadership roles at the Arkansas Public Service Commission and significant contributions to energy efficiency programs. The company emphasizes its commitment to corporate governance and diversity through her appointment.

Georgia Power is actively monitoring Hurricane Sally as it approaches Georgia, coordinating with emergency partners. Customers are advised to prioritize safety and prepare with emergency kits. The company offers resources such as an Outage Alert service and an interactive Outage Map for real-time updates on power outages. With a commitment to reliability, Georgia Power leverages Smart Grid technology and has implemented pandemic response measures to ensure customer and employee safety during service interruptions. Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO).

Georgia Power, serving 2.6 million customers, is promoting National Preparedness Month in collaboration with FEMA and GEMA this September. The initiative urges customers to prepare for emergencies with essential safety tips. Key recommendations include building an emergency kit, having a communication plan, and understanding local risks. The company also highlights tools such as the Outage Map and Outage Alerts for efficient safety management. Committed to delivering reliable energy at competitive rates, Georgia Power emphasizes safety and proactive measures for severe weather preparedness.

Southern Company has been awarded the prestigious EEI Edison Award for its excellence in energy storage research and development initiatives. The recognition highlights the company's leadership in advancing energy storage technology, including the Energy Storage Research Center in Birmingham, Alabama. This marks the fifth time Southern Company has received this accolade, further emphasizing its commitment to a net-zero carbon future and innovation in the electric utility industry. The award acknowledges collaboration with various partners, including federal agencies and research institutions.