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.
Southern Company (NYSE: SO) provides essential energy services to millions across the Southeastern United States through electric utilities, natural gas distribution, and innovative infrastructure solutions. This news hub offers investors and stakeholders direct access to the company's official communications and strategic developments.
Stay informed with verified updates spanning earnings announcements, regulatory milestones, grid modernization projects, and sustainability initiatives. Our curated collection ensures timely access to filings, operational updates, and leadership insights directly affecting SO's market position.
Key coverage areas include rate case decisions, renewable energy partnerships, infrastructure investments, and technology deployments. Track the company's progress in balancing traditional utility operations with emerging energy solutions while maintaining regulatory compliance.
Bookmark this page for streamlined monitoring of SO's financial performance, dividend declarations, and long-term growth strategies. Regular updates provide critical context for evaluating this utility leader's role in America's evolving power sector.
Southern Linc, a subsidiary of Southern Company (SO), has recognized Rich Wiltfang as the 2022 Dealer of the Year for exceptional sales performance. Wiltfang, based in Brunswick, Georgia, is celebrated for being the top sales generator in the company's independent dealer network. He marks his 20th year with Southern Linc, noted for his engaging business name, 'Somebody Call Me'. The recognition occurred during the 2023 Sales Summit in Gulf Shores, Alabama. Wiltfang will be rewarded with a trip to the Grand Cayman Islands alongside other top salespeople. Southern Linc provides secure wireless services across Georgia, Alabama, and Southeast Mississippi.
Southern Company announced the election of David E. Meador and Lizanne Thomas as independent directors, effective April 1, 2023. Meador, a former vice chairman of DTE Energy, brings over 40 years of experience in finance, governance, and energy industry challenges. Thomas, a former partner at Jones Day, is an expert in corporate governance and has extensive experience in mergers and acquisitions. Both are expected to enhance the company's strategic direction, governance, and community engagement as Southern Company navigates the evolving energy landscape.
Alabama Power has announced leadership changes aimed at enhancing customer experience and strengthening community ties. Effective immediately, Alexia Borden has been appointed senior vice president of Customer and Community Engagement; Monica Graveline as senior vice president and General Counsel; Ashley Robinett as senior vice president of Shared Services; Staci Brooks as vice president of Charitable Giving; and Alex McCrary as vice president of Regulatory Affairs. CEO Jeff Peoples emphasized their commitment to meeting customer needs across the state, leveraging their collective expertise.
Southern Company (NYSE: SO) announced the pricing of $1.5 billion in Series 2023A 3.875% Convertible Senior Notes due December 15, 2025, aimed at qualified institutional buyers under Rule 144A. The offering includes an option for initial purchasers to buy an additional $225 million in notes. Interest is set at 3.875% paid semiannually, with an initial conversion rate of 11.8818 shares per $1,000 principal, equating to a price of $84.16 per share, representing a 30% premium over the last price on February 23, 2023. Net proceeds will be used to repay commercial paper borrowings and for corporate purposes. The offering is expected to close on February 28, 2023.
Southern Company (NYSE: SO) has announced a private placement offering of $1.5 billion in convertible senior notes, maturing on December 15, 2025. The offering allows for an additional $225 million in notes. Final terms, including interest rate, will be set at the time of pricing. The proceeds will be used primarily to repay commercial paper borrowings and for general corporate purposes. These convertible notes will be senior and unsecured, with conversion options available under specific conditions. This move is part of Southern Company's strategy to strengthen its financial position and operational capabilities.
Chesapeake Utilities reported a full year 2022 EPS of $5.04, up 6.6% from $4.73 in 2021, driven by net income growth of 7.6% to $89.8 million. The fourth quarter EPS was $1.47, a 14.8% increase year over year. Average ROE was 11.1% for 2022, marking the 18th consecutive year above 11%. Chesapeake received Florida natural gas rate case approval with an expected order in March 2023. The company updated its capital expenditure guidance for 2023 to $200 million to $230 million and long-term guidance to $900 million to $1.1 billion for capital expenditures through 2025.
