Welcome to our dedicated page for Southern news (Ticker: SO), a resource for investors and traders seeking the latest updates and insights on 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 has introduced a special payment plan to assist customers facing past-due balances due to the COVID-19 pandemic, allowing payments over six months without late fees from October 2020 to March 2021. The disconnection suspension has been extended to July 15. Customers can also benefit from reduced fuel rates by 17.2%, leading to a $10.26 monthly savings for typical residential customers. Additionally, a one-time $51.5 million credit will offer $11.29 off June bills. The company encourages energy assistance through various programs and online tools.
Georgia Power has been designated as a StormReady Supporter by the National Weather Service, recognizing its commitment to storm safety and preparedness. The certification confirms that Georgia Power meets essential criteria, including 24/7 emergency operations and effective storm communication strategies. Storm Center manager David Maske emphasized the partnership with the NWS for enhanced storm response. The company provides resources for customer safety before, during, and after storms, bolstering its reputation for reliability and customer service in the energy sector.