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The Southern (SO) Stock News, Dec 1-14, 2020

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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 announced the completion of the pre-operational condenser vacuum test for Vogtle Unit 3, marking a significant milestone in the Vogtle 3 & 4 nuclear expansion project. This test confirms the readiness of steam supply and cooling systems ahead of hot functional testing and the initial fuel load. The unit will generate electricity via a turbine system, powered by steam from the nuclear reactor. The project has achieved various milestones in 2020, including the completion of critical tests and the issuance of operator licenses. The Vogtle project aims to provide clean energy for decades.

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Georgia Power has received its first nuclear fuel shipment for Vogtle Unit 3, marking a key milestone for the first new nuclear units in the U.S. in over 30 years. This shipment is a crucial step towards the expected fuel load in April 2021, and aims to provide carbon-free energy for 60-80 years, reducing rates for customers. The Vogtle expansion project is poised to create over 800 permanent jobs and power more than 500,000 homes while supporting Southern Company's goal of net-zero carbon emissions by 2050.

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On December 9, 2020, Georgia Power recognized Christina Newton with the 5th Annual A Citizen Wherever We Serve Community Impact Award for her over 21 years of service. The award highlights employees who embody community commitment. Along with Newton, Lynn Lovett and Tina Stevens were finalists. As part of her recognition, Newton will direct a $5,000 donation to a nonprofit of her choice. Last year, Georgia Power employees volunteered over 62,053 hours, reinforcing the company's dedication to community service.

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The Georgia Power Foundation has announced a $500,000 donation over three years to support the Atlanta BeltLine Partnership's Legacy Resident Retention Program. This initiative aims to help seniors and working families stay in their historic neighborhoods by covering property tax increases. More than 2,500 households are expected to benefit from this program. Georgia Power emphasizes its commitment to community development, stating its long-standing focus on supporting local residents amidst rising property values.

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On December 7, 2020, Georgia Power and the Atlanta Business Chronicle announced the third annual Business of Film Rising Star Student Scholarship. This $5,000 scholarship aims to support Georgia students pursuing degrees in film-related studies. This year's recipient is Mia D'Zerrea Taylor, a senior at Oglethorpe University majoring in Theatre. Georgia Power aims to nurture talent in the growing film industry in Georgia by providing resources such as industrial properties and power needs.

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Georgia Power has appointed Dan Tucker as the new executive vice president, chief financial officer, and treasurer, starting January 1, 2021. Tucker, who has over 20 years of experience at Southern Company, will oversee financial functions at Georgia Power. Previously, he served as CFO at Southern Company Gas, managing finance and risk. His predecessor, David Poroch, will take over his role at Southern Company Gas. Georgia Power continues to focus on providing reliable and affordable energy, serving around 2.6 million customers across Georgia.

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Southern Company Gas has appointed David Poroch as the new executive vice president and chief financial officer, effective Jan. 1, 2021. He succeeds Dan Tucker, who will transition to a similar role at Georgia Power. Poroch, who joined Southern Company in 2012, has held key financial roles within the organization, including his recent position as CFO at Georgia Power. His extensive experience in the energy and financial services sectors is expected to drive growth and innovation at Southern Company Gas, which serves approximately 4.2 million natural gas customers.

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Georgia Power concludes the 2020 Atlantic hurricane season, responding to 26 severe weather events, a record number. The season featured Hurricane Zeta, which caused significant damage affecting over 822,000 customers. Over 4,000 personnel were mobilized for restoration efforts, following more than 22,650 outage events and repairs to nearly 400 miles of power lines. The company emphasizes the importance of a mutual assistance network with other utilities and encourages safety awareness for customers. Additionally, Georgia Power prepares for winter weather while maintaining pandemic health protocols.

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Southern Power announced the operational status of the 136-MW Skookumchuck Wind Facility in Washington, marking its 12th wind facility and the first in the state. The facility comprises 38 Vestas-manufactured turbines and will sell electricity under a 20-year power purchase agreement with Puget Sound Energy, supporting the Green Direct program. Acquired in October 2019, the project created over 380 construction jobs. Southern Power's wind portfolio now exceeds 2,115 MW, part of a total renewable fleet of 4,510 MW across 41 facilities.

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FAQ

What is the current stock price of The Southern (SO)?

The current stock price of The Southern (SO) is $85.52 as of September 19, 2026.

What is the market cap of The Southern (SO)?

The market cap of The Southern (SO) is approximately 98.4B.