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.
Georgia Power and Southern Company provide $1.625 million in funding for Georgia's Historically Black Colleges and Universities (HBCUs) through the Southern Company Foundation. This grant aims to enhance technology tools and infrastructure for the 2020-2021 academic year, part of a broader $50 million HBCU Initiative initiated in January 2020. Six institutions will benefit, including Morehouse College and Spelman College. The support is crucial for assisting these colleges amid pandemic challenges and fosters leadership development among HBCU students.
Georgia Power has been recognized as the number one utility for business customer satisfaction in the South by J.D. Power for 2020, marking the third consecutive year in this ranking. The evaluation, based on 18,457 responses from business customers spending at least $200 monthly on electricity, highlighted Georgia Power's excellence in price and communication. The company emphasizes its commitment to superior customer service and innovative energy solutions while maintaining rates below the national average.
Georgia Natural Gas (GNG) has initiated the call for entries for its 10th Annual TrueBlue Community Awards, focusing on nonprofits providing COVID-19 relief in Georgia. The awards offer $25,000 in grants, distributed among six nonprofits across four categories: children and education, seniors, energy assistance, and the environment. GNG has previously donated nearly $500,000 to local nonprofits. This initiative is part of Southern Company Gas's overall commitment to pandemic relief efforts, totaling over $2.5 million contributed across various communities.
Georgia Power announced progress in closing four ash ponds at Plant Hammond, with dewatering set to start in December 2020. Three ponds will be excavated and stored in a permitted landfill, while one will be closed in place. The process has gained approval from the Georgia Environmental Protection Division (EPD) and involves rigorous monitoring systems to ensure water quality. Georgia Power emphasizes safety and compliance with federal and state regulations. Since 2016, over 550 groundwater monitoring wells have been installed, reinforcing the company's commitment to environmental protection.
Summary not available.
Georgia Power supports National Utility Scam Awareness Week from November 16-20, providing tips to protect customers from scams. The company emphasizes that it will never demand credit card payments over the phone or send employees for in-person payment collection. Customers are advised to contact the official customer service line if they suspect fraud. Georgia Power collaborates with law enforcement to combat utility scams and offers resources online for consumer protection.
Southern Company has announced grants to support technology initiatives at 21 historically black colleges and universities (HBCUs) as part of its $50 million HBCU initiative launched in January 2020. This funding addresses challenges worsened by the pandemic, providing essential technology tools and infrastructure. The grants, up to $500,000 each, are aimed at enhancing career readiness for students. Since the initiative began, the company has invested over $6 million in HBCUs, reinforcing its commitment to education and equity in the face of recent calls for social justice.
Georgia Power has successfully restored power to 99% of over 806,000 customers affected by Hurricane Zeta, with only about 1,000 customers still without service. More than 4,000 personnel worked continuously to address extensive damage, including over 700 broken poles and 3,400 spans of downed wire. The hardest-hit areas include Atlanta and North Georgia. Customers with damaged service entry points must make repairs before reconnection. The company emphasizes safety measures in the aftermath of the storm.
Georgia Power restored power to over 97% of its customers affected by Hurricane Zeta, amounting to approximately 798,000 customers. By 5:30 p.m. on Nov. 1, around 10,000 customers remained powerless, with 4,000 personnel and contractors deployed for restoration. Damage assessment revealed over 700 broken poles, 3,400 spans of wire down, and 250 damaged transformers, particularly hitting areas like Atlanta and North Georgia. High winds during the hurricane complicated restoration efforts. The company urges customers to prioritize safety and be cautious around downed power lines.
As of November 1, 2020, Georgia Power has successfully restored power to over 785,000 customers, accounting for more than 95% of those affected by Hurricane Zeta. Approximately 25,000 customers remain without power. The restoration effort involves over 4,000 personnel, including staff from 14 states. Damage from the hurricane includes over 600 broken poles and 1,800 spans of downed wire. Crews are facing challenges due to blocked roads and downed trees. The company prioritizes safety during restoration.