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 announced the completion of cold hydro testing for Vogtle Unit 3, now 94% complete, as part of its nuclear expansion project. This milestone paves the way for hot functional testing ahead of initial fuel load. The overall Vogtle expansion project is 88% complete. The company expects to meet the regulatory-approved in-service dates of November 2021 and 2022 for Units 3 and 4, respectively. With over 7,000 workers on site and 800 permanent jobs expected, this project will provide carbon-free energy for over 500,000 homes.
Georgia Power employees have raised over $35,000 this year and more than $2 million since 1997 for the American Cancer Society (ACS) through the annual 'Run for the Reason' relay event, despite challenges posed by the COVID-19 pandemic. The fundraising has transitioned to virtual formats, enabling continued support for critical research. Additionally, employees contributed over $23,000 to ACS's 'Relay for Life' events. ACS anticipates 1.8 million new cancer cases and 606,320 deaths in the U.S. this year, with a total investment of over $4.9 billion in cancer research since 1946.
Georgia Power encourages customers to review their rate plans to optimize energy costs amid seasonal changes. The company offers various plans including Pay by Day, Smart Usage, FlatBill, Plug-In Electric Vehicle (PEV), Nights & Weekends, PrePay, and standard Residential Services. Resources for energy savings and customized reports through an Online Energy Checkup are also available. Georgia Power aims to provide reliable energy at competitive rates and is recognized for customer satisfaction, serving 2.6 million customers across Georgia.
Alabama Power Company has declared its regular quarterly dividends on outstanding preferred stock. For the quarter ending December 31, 2020, dividends amount to:
- 4.20% - $1.05 per share
- 4.52% - $1.13 per share
- 4.60% - $1.15 per share
- 4.64% - $1.16 per share
- 4.72% - $1.18 per share
- 4.92% - $1.23 per share
- Class A Preferred Stock (5.00%) - $.3125 per share
Dividends are payable on January 1, 2021, to shareholders of record on December 17, 2020. Alabama Power is a subsidiary of Southern Company (NYSE: SO), serving over 1.4 million customers.
Georgia Power emphasizes the significance of landscaping choices during fall planting season to enhance reliability and reduce power outages. The company advises customers to maintain clear areas around power lines, highlighting that tree limbs can disrupt service during storms. Georgia Power recommends three planting zones: Tall (60+ feet), Medium (up to 40 feet), and Low (up to 25 feet). Additionally, Georgia Power manages 160,000 acres and 24,000 miles of transmission lines, ensuring reliable service for 2.6 million customers statewide.
Georgia Power is deploying 150 personnel and 150 contract teams to assist Mississippi Power in response to Hurricane Delta. The utility is coordinating with other companies through a mutual assistance network to manage local service interruptions effectively. Preparations include pandemic safety measures for employees and customers. Georgia Power's storm response process focuses on assessing conditions and making repairs quickly. The company aims to maintain reliable energy delivery to its 2.6 million customers, utilizing a diverse energy generation mix. For more details, visit GeorgiaPower.com.
Georgia Power emphasizes fire safety during National Fire Prevention Week (Oct. 4-10) by highlighting the risks of in-home electrical issues, which account for over 13% of structure fires in the U.S. (2012–2016). The company provides essential safety tips, including avoiding combustible storage near electrical equipment, preventing overloads, and knowing the proper use of fire extinguishers. Georgia Power, a subsidiary of Southern Company (NYSE: SO), is committed to delivering safe, reliable energy, and enhancing community awareness regarding electrical safety.
Georgia Power is highlighting Energy Efficiency Day, offering tips for customers to enhance energy savings during the colder months. Key suggestions include:
- Utilizing Natural Light to warm homes.
- Maintaining HVAC Systems to optimize performance.
- Installing Smart Thermostats for automatic adjustments.
- Sealing Windows and Doors to reduce heat loss.
- Improving Insulation to conserve energy year-round.
Additionally, Georgia Power's Marketplace features various energy-efficient products and incentives for customers seeking to save.
Georgia Power announced significant progress in safely closing all 29 ash ponds at its coal-fired power plants across Georgia. Currently, 19 ash ponds are being excavated, while 10 will be securely closed in place. Notable achievements include halting coal ash receipt at all ponds, ongoing dewatering at six sites, and recycling over 85% of ash and gypsum produced. The company has also expanded its groundwater monitoring network to over 550 wells. Georgia Power's efforts comply with federal and state Coal Combustion Residual regulations and aim to protect local water quality.
Southern Company plans to announce its third-quarter 2020 earnings on Oct. 29 at 7:30 a.m. EDT. A conference call led by CEO Thomas A. Fanning and CFO Andrew W. Evans will follow at 1 p.m. EDT. Investors can access a live webcast of the call, with replays available for up to 12 months. Serving 9 million customers, Southern Company focuses on delivering reliable energy through its diverse portfolio, including renewables, natural gas, and nuclear energy. The company emphasizes innovation and customer service.