Welcome to our dedicated page for The Southern Company news (Ticker: SO), a resource for investors and traders seeking the latest updates and insights on The Southern Company stock.
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.
As of November 1, 2020, Georgia Power has successfully restored power to over 785,000 customers, accounting for more than 95% of those affected by Hurricane Zeta. Approximately 25,000 customers remain without power. The restoration effort involves over 4,000 personnel, including staff from 14 states. Damage from the hurricane includes over 600 broken poles and 1,800 spans of downed wire. Crews are facing challenges due to blocked roads and downed trees. The company prioritizes safety during restoration.
Georgia Power has successfully restored electric service to over 750,000 customers following Hurricane Zeta. As of 6 p.m. Saturday, approximately 55,000 customers remain without power. The utility has over 4,000 personnel working to speed up restoration, supported by crews from 14 other states. Damage includes over 600 broken poles, more than 1,800 spans of wire down, and over 240 damaged transformers. Customers are advised to prioritize safety and avoid downed power lines.
Georgia Power has restored electricity to over 700,000 customers post-Hurricane Zeta, with approximately 68,000 still without power as of 1 p.m. on Saturday. The storm caused significant damage, including over 600 broken poles and more than 240 damaged transformers. The company is currently securing additional resources from 14 states to aid restoration efforts. Customers are advised to remain vigilant about safety concerning downed power lines and hazards.
Georgia Power has restored electric service to over 700,000 customers following Hurricane Zeta, with approximately 78,000 still without power. Restoration efforts face challenges due to widespread damage, particularly in northern Georgia, where wind gusts reached 75 mph. Currently, resources for restoration are limited, but the company has secured assistance from 14 states. The advanced electric grid has facilitated power restoration despite adverse conditions. Georgia Power encourages safety precautions around downed wires and ongoing repair efforts.
Georgia Power has restored electric service to nearly 741,000 customers following Hurricane Zeta, with approximately 129,000 customers still without power as of 7 p.m. Friday. Damage assessments indicate severe infrastructure impacts, including over 500 broken poles and more than 1,600 spans of wire down. The storm caused widespread damage, particularly in northern Georgia, with restoration efforts hindered by downed trees. The company has secured resources from 14 states and continues to update restoration estimates.
Georgia Power has restored electric service to nearly 675,000 customers after Hurricane Zeta affected the state. As of 1 p.m. Friday, about 180,000 customers still lack power. The company anticipates restoring power to 95% of impacted customers by Sunday night, with assistance from resources across 14 states and Canada. Damage assessments reveal over 350 broken poles and 120 damaged transformers due to wind gusts up to 75 mph. Customers in the hardest-hit areas should prepare for potential extended outages. Georgia Power's advanced electric grid has facilitated quick restoration efforts.
As of 8 p.m. on October 29, 2020, Electric service has been restored to nearly 490,000 Georgia Power customers following Hurricane Zeta, although approximately 280,000 customers remain without power. The company anticipates restoration for 95% of impacted customers by Sunday night. Damage assessment is ongoing, with significant outages and damage reported across the state, including downed lines and broken poles. The advanced electric grid has aided restoration efforts despite limited external resources due to multiple storm impacts in the Southeast.
As of October 29, 2020, Georgia Power has restored electricity to over 280,000 customers following the damage caused by Hurricane Zeta. Approximately 417,000 customers remain without power, with 4,200 reported cases of damage. The company is conducting damage assessments and prioritizing repairs to restore service efficiently. Safety precautions are emphasized for customers, particularly regarding downed power lines. Georgia Power remains committed to reliable service while navigating pandemic precautions to ensure the safety of both workers and customers.
On October 29, 2020, Georgia Power initiated a comprehensive damage assessment following Hurricane Zeta, which left over 600,000 customers without power due to severe weather conditions. The assessment is crucial for beginning restoration efforts, with crews working on identifying damages. The company emphasizes safety, urging customers to avoid downed wires and hazardous areas. Georgia Power also highlights their initiatives to maintain safe operations during the COVID-19 pandemic, ensuring reliable energy delivery while prioritizing the safety of customers and staff. For updates, customers can subscribe to outage alerts and use the Georgia Power mobile app.
Southern Company announced the promotion of Bryan D. Anderson to executive vice president and president of external affairs, effective Nov. 1, 2020. Anderson, who has been with Southern Company since 2010, will oversee branding, corporate communications, and security policy, while continuing to manage its political and regulatory activities from Washington, D.C.. He succeeds Christopher C. Womack, who is now president of Georgia Power. Anderson brings experience from The Coca-Cola Company and a strong advocacy background, enhancing Southern Company's corporate governance.
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