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.
Virginia Natural Gas (VNG) has presented a $100,000 grant to the Hampton Roads Workforce Council (HRWC) for the NextGen Regional Internship Program, aimed at providing paid internships for young adults aged 16-21. This program enhances workforce training, helping participants gain valuable skills for future employment. Notably, more than 80% of interns secure high-quality jobs, with 98% continuing further education. VNG's commitment follows previous donations of $10,000 in 2021 and $25,000 in 2019, reinforcing its role in developing a skilled workforce in the Hampton Roads area.
The Georgia Natural Gas Foundation has donated $120,000 to HouseProud Atlanta to support no-cost home repairs for low-income seniors, veterans, and disabled homeowners in Atlanta. This initiative aims to protect vulnerable seniors from 'equity theft' by predatory investors amid rising home values. HouseProud collaborates with local groups to identify those in need and ensure that homes remain safe and livable. The grant reflects the Foundation's commitment to enhancing community welfare and improving the lives of those it serves.
Virginia Natural Gas (VNG) has announced an increase in its procurement of Next Generation Natural Gas to enhance its commitment to reducing greenhouse gas emissions. As of November 1, up to one-third of annual customer demand will be met by this new supply. VNG has secured agreements with suppliers that focus on lowering methane emissions, marking a significant milestone in sustainable energy practices. The initiative includes a partnership with bp for natural gas from Louisiana's Haynesville basin, certified for emissions performance. VNG aims to deliver reliable energy while fostering a low carbon future.
Georgia Power has appointed Chimaobi (Chima) Chijioke as the new Vice President of Customer Services, effective January 16. Chijioke, who has over 15 years of experience, previously served as Vice President of Customer Operations at Baltimore Gas and Electric. His role includes overseeing customer engagement, call center operations, and billing. Bentina Terry, Senior Vice President, emphasized Chijioke's expertise will enhance customer satisfaction. Georgia Power is recognized for its innovative service and recently ranked number one for business customer satisfaction among large utilities in the South by J.D. Power.
Caliche Development Partners II, in partnership with Orion Infrastructure Capital and GCM Grosvenor, announced the acquisition of Golden Triangle Storage and plans for Central Valley Gas Storage. This $186 million investment aims to enhance underground storage capabilities in North America, supporting the transition to lower-carbon energy solutions. The Golden Triangle Storage deal closed on November 18, 2022, with the Central Valley acquisition pending regulatory approval in 2023. The partnership underscores the growing demand for natural gas storage amidst increasing reliance on renewable energy sources.
Georgia Power has been recognized as the top utility company for business customer satisfaction in the South, according to the 2022 Electric Utility Business Customer Satisfaction Study by J.D. Power. This ranking marks a year-over-year improvement for Georgia Power, contrasting the broader industry's decline in customer satisfaction. The study involved 18,694 online interviews of business clients from February to October 2022. Georgia Power caters to 2.7 million customers, offering customized rate plans and energy-saving solutions.
