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 Company partners with HBCU Week Foundation, Disney, and the Propel Center to award $100,000 in scholarships aimed at promoting attendance at Historically Black Colleges and Universities (HBCUs). The initiative coincides with the largest HBCU Week event, attracting over 5,000 students in Atlanta. Two $50,000 scholarships will support students' education, with the first to be awarded on Oct. 7 during a college fair featuring 50 HBCUs. Southern Company aims to enhance educational access and foster diverse talent for the future.
Southern Company announced significant leadership changes in its finance department effective November 1. Robin Boren will transition to president of Southern Power Company. Matt Kim is appointed senior vice president of finance, overseeing multiple finance-related sectors, while Scott Gammill becomes vice president of investor relations and treasurer. Additionally, Dekia Scott is promoted to vice president of trust finance, managing over $18B in investment assets, including pensions and charitable foundations.
Southern Company announced key leadership changes effective November 1, 2022. Bill Grantham will transition to executive vice president of commercial strategy, overseeing the company's commercial businesses. Robin Boren, previously senior vice president of finance and treasurer, will succeed Grantham as president of Southern Power. Boren brings extensive experience from roles in investor relations, corporate finance, and risk management, fostering a strong leadership transition within the organization. These changes aim to enhance Southern Company's commercial strategy and operational efficiency.
PROPEL Center has announced the construction location for its global HBCU technology and innovation hub at 635 Atlanta Student Movement Blvd, Atlanta. The 5.2-acre site is historically significant, located near key African American institutions. Supported by major partners like Apple and Southern Company, the center aims to enhance educational resources and career opportunities for over 100 HBCUs. Construction is set to begin in early 2023, focusing on innovative curricula and work-based learning experiences.
Virginia Natural Gas (VNG) is enhancing its environmental sustainability by modernizing its natural gas infrastructure to reduce greenhouse gas emissions. The SAVE program, approved by the Virginia State Corporation Commission, has replaced nearly 500 miles of aging pipelines since 2012, resulting in a 27% reduction in methane emissions. VNG has invested approximately $184 million of a $360 million budget in these upgrades, alongside implementing advanced technologies to further improve safety and efficiency.
Alabama Power Company announced a notice of redemption for its 5.00% Class A Preferred Stock, effective October 14, 2022. The redemption price is set at $25.00 per share, plus accrued dividends of $0.045. Regular dividends will be paid on October 1, 2022 to shareholders of record as of September 16, 2022. No further dividends will accrue after the redemption date. For inquiries, holders can contact EQ Shareowner Services.
Propel Center, an educational initiative supported by Apple and Southern Company, unveiled recipients of its $1,000,000 2022 Student Impact Scholarships. Aimed at HBCU students pursuing careers in various fields, this scholarship program offers $10,000 each to selected finalists, coupled with work-based learning opportunities. This initiative, emphasized by leaders from Propel, Apple, and Southern Company, aims to empower future leaders in high-demand industries by enhancing educational accessibility and equity.
Southern Company has launched a new website called Boldly Forward, aimed at promoting equity within the company and its communities. The site details the company's diversity, equity, and inclusion (DE&I) initiatives, including investments in Historically Black Colleges and Universities. Chairman Tom Fanning emphasized the commitment to represent marginalized groups fairly. The platform will also track progress in the company’s Moving to Equity framework initiated in 2020. Further, the company continues to focus on clean and affordable energy solutions for its 9 million customers.
