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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, a subsidiary of Southern Company (NYSE: SO), warns customers about increasing scams where criminals impersonate its employees. The company emphasizes that it will never demand payment through credit cards or unverified methods, nor send employees to collect payments in person. Customers are advised to be cautious of suspicious calls and to contact customer service at 888-660-5890 if they receive such requests. The company is actively collaborating with law enforcement to combat fraud and provides various resources to educate customers about protecting themselves against scams.
Georgia Power has been recognized as a "Top U.S. Utility for Economic Development" for the 22nd year in a row by Site Selection magazine. This award highlights the company's significant role in assisting 99 businesses with relocation and expansion, resulting in over 16,000 jobs and $5.2 billion in investments. Over the past decade, Georgia Power has supported over 1,000 companies, creating approximately 161,000 jobs and directing $37 billion in investment into Georgia. This recognition reflects Georgia Power's commitment to fostering economic growth in the state.
Georgia Power crews returned home after a week in Louisiana aiding hurricane restoration efforts following Hurricane Laura. About 100 personnel worked on restoring power, replacing 217 broken poles, 932 spans of wire, and 180 transformers. The company's operations manager emphasized the importance of their dedicated teams and highlighted the Mutual Assistance Network, allowing for efficient responses during storms. With the hurricane season ongoing until November 30, Georgia Power encourages customers to prepare and remain vigilant, sharing safety tips for before, during, and after storms.
Alabama Power has announced important leadership changes aimed at enhancing customer experience and community support. Tony Smoke is now senior vice president of Marketing and Economic Development, bringing over 35 years of experience. Myla Calhoun has been appointed vice president of the Birmingham Division, focusing on operations and community development. Lastly, Tequila Smith will lead philanthropic initiatives as vice president of Charitable Giving. These changes are expected to leverage their extensive backgrounds to better serve over 1.4 million customers across Alabama.
Dr. Selwyn M. Vickers, senior vice president of medicine and dean at the University of Alabama School of Medicine, has been appointed to the board of directors of Alabama Power. This decision, announced on September 3, 2020, was welcomed by Mark Crosswhite, Alabama Power's chairman, highlighting Vickers' expertise as valuable for the company and its customers. Vickers is a renowned pancreatic cancer surgeon and researcher, actively engaged with UAB Medicine and multiple prestigious medical associations. Alabama Power is a subsidiary of Southern Company (NYSE: SO), serving over 1.4 million customers.
Georgia Power, the largest non-governmental recreation facility provider in Georgia, reminds customers and vacationers about safety guidelines as Labor Day weekend approaches. The company emphasizes adherence to social distancing and safety protocols advised by health authorities. With a surge in visitors expected at Georgia's lakes, Georgia Power stresses water and boating safety, highlighting critical tips from the SPLASH initiative to prevent drowning, particularly for young children, who are at a higher risk. For detailed safety information, visit Georgia Power's website.
Georgia Power announced a one-time $12 credit for typical residential customers using 1,000-kilowatt hours on their October bill, as approved by the Georgia Public Service Commission. This credit is part of a $61.6 million customer relief program stemming from Georgia Power's 2019 financial results. Customers who had accounts active as of December 31, 2019, will receive this and two other credits this year, totaling over $45. Combined with lower fuel rates, customers will experience a reduction exceeding $17 in their October bills.
Georgia Power reported that the Vogtle nuclear expansion project is now approximately 87% complete, with in-service dates set for November 2021 for Unit 3 and November 2022 for Unit 4. The company achieved critical testing milestones for Unit 3, including closed vessel testing and successful completion of the final module placement. More than 7,000 workers are currently on site, with over 800 permanent jobs expected once operations begin. Georgia Power emphasizes that safety and quality remain top priorities amidst the ongoing COVID-19 pandemic.
As Hurricane Laura made landfall, Georgia Power dispatched approximately 100 personnel to Baton Rouge to assist Entergy Louisiana with storm restoration efforts. An additional 300 support staff stand ready for further assistance. Georgia Power's mutual assistance network allows collaboration with other utilities to restore power efficiently. The company has also implemented pandemic preparedness measures to ensure the safety of its teams and customers during storm responses.
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