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The Southern Company (NYSE: SO) is a prominent American gas and electric utility holding company headquartered in Atlanta, Georgia, with executive offices in Birmingham, Alabama. As of 2021, it ranks as the second-largest utility company in the U.S. by customer base, serving around 9 million customers. The company's operational footprint spans vertically integrated electric utilities in Georgia, Alabama, and Mississippi, and natural gas distribution utilities in four states. This robust infrastructure includes 50 gigawatts of rate-regulated generating capacity, primarily designated for customer service in these states. Moreover, its subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy facilities across the U.S., selling electricity primarily through long-term contracts.
Southern Company’s commitment to innovation is highlighted by several recent initiatives. Notably, it reported significant financial achievements for 2023, with fourth-quarter earnings of $855 million, or 78 cents per share, compared to a loss in the same period in 2022. The company also completed Plant Vogtle Unit 3, the first new nuclear unit in the U.S. in over three decades, and recently announced that Plant Vogtle Unit 4 has achieved commercial operation, solidifying its position as a leader in clean energy production.
In terms of sustainability, Southern Company is heavily investing in renewable energy projects. The South Cheyenne Solar Facility in Wyoming, the company's 30th solar facility, recently became operational, adding to Southern Power's solar portfolio, which now exceeds 2,740 MW. The company also envisions a significant expansion of its solar and renewable capacity, aiming to reach approximately 20,000 MW by 2030 as part of its net zero greenhouse gas emissions goal by 2050.
Southern Company is also deeply involved in innovative community projects. For instance, Nicor Gas, a subsidiary of Southern Company Gas, recently launched Smart Neighborhoods™ in Aurora, Illinois, emphasizing affordable net-zero energy communities. Furthermore, the company has partnered with WeaveGrid to promote electric vehicle (EV) adoption by introducing programs that simplify home charging and offer utility incentives in Alabama and Georgia.
The company's dedication to community and diversity extends to initiatives like the UNDERRATED Golf Tour, aiming to provide opportunities to aspiring golfers from underrepresented backgrounds. Southern Company’s commitment to integrity, excellence, and respect is mirrored in its partnership with this tour, underlining its broader mission to foster inclusion within the communities it serves.
Southern Company’s corporate culture and hiring practices have earned national recognition from Forbes, The Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, and the Human Rights Campaign, showcasing the company's focus on excellence and innovation. Through ongoing investments in clean energy, smart technologies, and community development, Southern Company continues to transform energy into economic, environmental, and social progress for a sustainable future.
Georgia Power, in recognition of Environmental Awareness Month, is spotlighting its conservation efforts for sensitive species like the gopher tortoise. This species is a candidate for federal listing due to significant threats and population declines. The company's management practices on its lands help enhance tortoise populations, thereby preventing the need for federal protection. Georgia Power manages over 100,000 acres of land, focusing on conservation areas including sensitive species and water habitats. The company's initiatives align with multi-state conservation agreements and promote sustainable landscape management.
Georgia Power has appointed Doug Jenkins as vice president for its West Region, effective immediately. Jenkins will oversee operations for 415,000 customers across a 40-county area, including cities like Columbus, Macon, and Rome. With over 30 years of experience in regional operations and customer service, Jenkins aims to enhance power delivery and community development. He is also involved in various local boards, promoting education and economic growth. Georgia Power, a subsidiary of Southern Company (NYSE: SO), serves 2.6 million customers across Georgia.
Georgia Power has appointed Audrey King as vice president for the South Region, effective immediately. King will oversee activities across 62 counties, enhancing customer service and community development. With over 30 years at Georgia Power, she most recently served as regional director. King's extensive community involvement includes roles on various boards and organizations. Georgia Power, a subsidiary of Southern Company (NYSE: SO), serves 2.6 million customers in Georgia with a commitment to reliable and innovative energy solutions.
Georgia Power is celebrating Environmental Awareness Month this September by emphasizing its conservation initiatives across four key areas: Land, Sensitive Species, Waterways, and Habitats. The company highlights its role as the largest non-governmental provider of public recreation in Georgia, maintaining over 100,000 acres of land and plans to restore an additional 2,000 acres of longleaf pine for endangered species like the red-cockaded woodpecker. Georgia Power is committed to environmental stewardship, ensuring a sustainable legacy for future generations.
Southern Company announced a $5.3 million grant program in collaboration with the National Fish and Wildlife Foundation to restore longleaf pine forests across the Southeast. Southern Company contributed $600,000 towards 11 conservation projects, totaling $12.2 million in conservation impact. The initiative aims to establish over 15,000 acres of new forest while enhancing 400,000 acres through various forest management practices. This marks a decade of partnerships, with nearly $50 million invested since 2012, leveraging an additional $62 million for a total impact of over $112 million.
Georgia Power has been recognized as a Top U.S. Utility for Economic Development by Site Selection for the 23rd consecutive year, one of only 20 utilities honored out of 3,300 nationwide. In the past year, Georgia Power aided in the creation or retention of 22,900 jobs through $5.2 billion in capital investment across 126 projects. Over the past decade, the company has supported 1,023 businesses and helped generate 164,400 jobs with investments exceeding $38.1 billion in Georgia. This recognition reflects their commitment to economic growth and community partnership.
Georgia Natural Gas (GNG) has launched Greener Life® for Business, enabling commercial customers to offset their carbon emissions from natural gas use. The Georgia Aquarium is the first to adopt this program, which simplifies the process of reducing emissions without needing to overhaul existing infrastructure. GNG will calculate greenhouse gas emissions and purchase carbon offsets quarterly. The program is available at an affordable rate of $4.99/month, with six months free for new residential sign-ups. GNG's initiative aims to support businesses in achieving environmental goals while continuing to utilize natural gas.
Georgia Power, the largest non-governmental provider of recreation in Georgia, encourages residents to enjoy its parks and lakes this Labor Day weekend. The company manages over 100,000 acres of land and 60,000 surface acres of water, offering various outdoor activities. Georgia Power emphasizes safety with its SPLASH initiative, aiming to reduce drowning incidents among children. Boating and water safety tips are shared to ensure enjoyable experiences on the water. Information about accessing recreational facilities and safety resources is available on their website.
Georgia Power has mobilized over 500 workers to assist with power restoration efforts in Louisiana following Hurricane Ida. The company collaborates with FEMA and GEMA to promote National Preparedness Month, urging its 2.6 million customers to prepare for emergencies. Key recommendations include building an emergency kit, creating an emergency plan, and understanding local risks. The utility emphasizes the importance of infrastructure investments to enhance reliability and resiliency against severe weather. Georgia Power remains committed to delivering affordable energy and excellent customer service.
Georgia Power is deploying approximately 500 personnel to assist Mississippi Power with storm restoration following Hurricane Ida. This response is part of a mutual assistance network among utilities to provide rapid repairs after severe weather. The company is prepared for local service interruptions and is implementing COVID-19 precautions for its teams. Georgia Power serves 2.6 million customers in Georgia and is recognized for its commitment to reliable energy and customer service. The firm maintains a diverse energy generation mix, focusing on affordability and sustainability.
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