Southern (SO) Stock News

Georgia Power (SO) has announced a comprehensive suite of energy efficiency resources to help customers manage their energy consumption and costs during the summer season. The company offers various energy-saving tips including proper air filter maintenance, strategic lighting usage, and optimal timing for appliance use. Through their EASE Program, qualifying low-income households can receive free home upgrades like LED bulbs and attic insulation. The company provides digital tools such as My Power Usage for consumption tracking and threshold alerts. Additional assistance includes the Income Qualified Portal, Project Share partnership with The Salvation Army, and various rate options like FlatBill and PrePay. Georgia Power serves 2.8 million customers across Georgia with rates below the national average.

Georgia Power and Mitsubishi Power have successfully completed groundbreaking hydrogen fuel blending tests at Plant McDonough-Atkinson in Smyrna, Georgia. The demonstration achieved a 50% hydrogen-natural gas blend on an M501GAC gas turbine, marking the world's largest test of its kind on an advanced class turbine. The blend resulted in a 22% reduction in CO2 emissions compared to pure natural gas operation. The testing, conducted in May-June 2025, followed a 2022 test that achieved 20% hydrogen blending. The turbine, recently converted from steam-cooled to air-cooled with J series combustion technology, demonstrated successful operation at both partial and full load. Plant McDonough-Atkinson, serving Atlanta for over 80 years, can power up to 1.7 million homes and operates with six advanced gas turbines and three steam turbines. Natural gas currently provides 40% of Georgia Power's annual energy generation, and the company has reduced carbon emissions by over 60% since 2007.

Algonquin Power & Utilities Corp (TSX/NYSE: AQN) has appointed Noel Black as Chief Regulatory and External Affairs Officer, effective June 30, in a newly created position. Black, who brings over 30 years of experience from Southern Company (NYSE:SO), will lead AQN's regulatory strategy, government relations, and external communications. Reporting to CEO Rod West, Black will focus on advancing Algonquin's pure-play utility objectives and 'Back to Basics' customer-centric plan. In his previous role, Black served as Senior VP of Federal Regulatory Affairs at Southern Company, where he managed regulatory policy, governmental affairs, and strategic planning for a utility serving over nine million customers. His appointment aligns with AQN's strategy to enhance customer service, regulatory relationships, and stakeholder engagement.

Georgia Power, a subsidiary of Southern Company (NYSE: SO), has appointed Arthur Tripp as vice president of Economic Development, succeeding Walt Farrell. Tripp, who previously served as state executive director of the USDA Farm Service Agency in Georgia, will lead initiatives to enhance the state's economic prosperity. Georgia Power's economic development team has supported over 1,100 projects, generating more than 214,000 jobs and nearly $89 billion in capital investment. The company serves 2.8 million customers across Georgia and has maintained its position as a top utility for economic development for over 25 years. Tripp brings extensive experience in economic development and policy, having worked as a senior policy advisor and held various leadership positions.

Georgia Power announces its preparedness for the 2025 Atlantic Hurricane Season, which NOAA predicts will be above average. The company highlights its grid infrastructure improvements, including smart automated devices and remote-control capabilities, following their experience with Hurricane Helene in 2024 - the most destructive storm in company history. During Helene, over 1 million Georgians lost power, requiring replacement of 11,000 power poles, repairs to 21,000 spans of wire, and 5,000 transformers. The company received the Edison Electric Institute Emergency Recovery Award for their restoration efforts. Georgia Power emphasizes customer safety and communication through multiple channels including their Outage Alert service, mobile app, and social media platforms. The company serves 2.8 million customers across Georgia and maintains a diverse energy generation portfolio including nuclear, coal, natural gas, and renewables.

PowerSecure, a Southern Company subsidiary, has expanded its alliance with Edged to provide advanced power distribution solutions for sustainable data centers across the United States. The collaboration, which began with the Edged Atlanta campus in 2024, now spans seven major U.S. markets including Chicago, Columbus, Dallas, Des Moines, Kansas City, and Phoenix, with PowerSecure providing 152 MW of critical load capacity. Edged's data centers feature zero water cooling technology, reducing overhead energy use by 74% while supporting AI workloads. PowerSecure's EPA-certified Tier 4 Final PowerBlocks and microgrid solutions deliver ultra-low emissions and enhanced efficiency. The partnership aims to advance sustainable, resilient energy infrastructure for next-generation data centers.

SouthStar Energy Services, a subsidiary of Southern Company (NYSE: SO), has become the first retail energy marketer in the U.S. to pilot MiQ's MethaneScout™ platform, a new methane and greenhouse gas emissions tracking tool. The platform, developed by methane emissions certification leader MiQ, helps assess natural gas supply chain emissions using qualified data sources. MethaneScout evaluates enhanced emissions data throughout the natural gas and LNG supply chains using Data Quality Indicators based on ISO standards. The platform focuses on data reliability, considering factors like recency, geographic relevance, and verification levels. This pilot program precedes MethaneScout's full market launch in summer 2025, demonstrating SouthStar's commitment to emissions transparency and sustainable energy sourcing.

Southern Company announced the pricing of $1.45 billion Series 2025A 3.25% Convertible Senior Notes due June 15, 2028, representing a $200 million upsize from the initial offering. The notes will have a 3.25% annual interest rate paid semiannually and an initial conversion rate of 8.8077 shares per $1,000 principal amount (conversion price ~$113.54 per share). The company expects ~$1.44 billion in net proceeds, with plans to use $1.25 billion to repurchase existing convertible notes. The remaining funds will be used to repay commercial paper borrowings and for general corporate purposes. The offering is expected to close on May 23, 2025.

PowerSecure, a Southern Company subsidiary, has partnered with the PGA TOUR to provide backup power generation for the new PGA TOUR Studios. The 165,000-square-foot multimedia production facility features three PowerSecure PowerBlocks delivering 3750kW of backup capacity, with room for two additional generators. The facility includes eight production rooms, eight audio control rooms, and seven LED studios, capable of managing thousands of feeds and supporting up to 144 cameras.

The setup includes 24/7 monitoring, real-time alerts, and Storm Mode capability for proactive power switching. The Tier 4 Final engines are compatible with both diesel and hydrotreated vegetable oil. This collaboration reinforces Southern Company's existing relationship with PGA TOUR as its Official Energy Company and partner in various golf initiatives.