Southern - SO STOCK NEWS

PowerSecure, a subsidiary of Southern Company, announced its support for the first-ever net zero PGA TOUR Championship at East Lake Golf Club, Atlanta, by providing renewable fuel to power the event. This initiative replaces traditional diesel with renewable fuels, promoting sustainability by reducing carbon emissions. PowerSecure has been a partner of the PGA TOUR for years, previously enhancing energy efficiency at the PGA TOUR Global Home Headquarters. With over $800 million invested in energy efficiency upgrades and two gigawatts of microgrid capacity managed, PowerSecure continues to innovate in clean energy solutions.

Southern Company has announced the delivery of the first-ever net zero energy TOUR Championship, held at East Lake Golf Club in Atlanta from August 24-28, 2022. The initiative, in collaboration with Georgia Power, PowerSecure, and Southern Company Gas, includes measures like using renewable fuels, renewable energy credits, and electric golf carts. The company aims for net zero emissions by 2050 and achieved a 47% reduction in greenhouse gas emissions in 2021. This event underscores Southern Company's commitment to sustainable energy solutions in the sports sector.

Southern Company has renewed its partnership with the PGA TOUR, extending its designation as a Proud Partner of the TOUR Championship through 2027. This marks the seventh year for Southern Company in this role, contributing to a total of over $42 million in charitable donations since the tournament's inception at East Lake Golf Club in 1998. Southern Company will continue to support community initiatives and sponsor the Payne Stewart Award, providing $500,000 in grants annually to honor charitable efforts.

Northern Illinois Community Initiatives has announced the award of three Impact Grants totaling $300,000 to support micro-transit solutions, K-12 educational programs, and disadvantaged entrepreneurs. Each grant, worth $100,000, will assist nonprofits in areas including Rockford, Harvey, and Cook County. The funding aims to bolster economic development and enhance community resources, addressing significant poverty increases in the region.

Kazadi Enterprises has won the 2022 Nicor Gas Multicultural Innovator Award, aimed at supporting clean energy tech startups with minority founders in Illinois. The award includes a $25,000 equity and inclusion grant, business mentorship, and increased visibility to investors. Kazadi's innovative technology converts ambient heat to energy, significantly reducing refrigeration's environmental impact, which parallels CO2 emissions from 100 million cars. The partnership aims to foster innovation in clean energy, aligning with the environmental goals of both Nicor Gas and Evergreen Climate Innovations.

Southern Company has announced an unsolicited 'mini-tender' offer from TRC Capital Investment Corporation to purchase up to 2 million shares at $74.88 each, approximately 4.14% below the company's recent closing price of $78.12. The firm advises stockholders to reject this offer, citing SEC warnings about potential risks associated with mini-tender offers, which often catch investors off guard and could lead to below-market sales. Stockholders may withdraw shares already tendered before the offer expires on September 14, 2022.

Georgia Power has reached a significant milestone for Vogtle Unit 3, receiving the 103(g) finding from the Nuclear Regulatory Commission (NRC), confirming the unit's construction complies with regulations. This approval allows Southern Nuclear to commence fuel loading and startup sequences. The NRC's decision followed the completion of 398 inspections and tests required for operational readiness. Once operational, the new unit is expected to provide a clean energy source for over 500,000 homes. Georgia Power emphasizes its commitment to safety, reliability, and delivering affordable energy.

Atlanta Gas Light has achieved a significant milestone in constructing its second liquified natural gas (LNG) storage facility in Cherokee County, Georgia. On August 2, 2022, the company successfully placed a 444-ton domed roof, measuring 200 feet in diameter. The facility will store an additional 2 billion standard cubic feet of natural gas to meet supply demands. Construction began in November 2021 and will be completed in phases over three years, enhancing the infrastructure necessary for reliable energy delivery.

Southern Company Gas is collaborating with the National Excavator Initiative (NEI) and Mike Rowe to promote the importance of contacting 811 before digging. The campaign aims to educate homeowners and contractors about underground utility safety through various media channels. It's crucial to contact 811 at least three business days prior to any digging to notify utility companies for marking underground lines. Southern Company Gas serves about 4.3 million customers, emphasizing safety in natural gas delivery.