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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 has initiated restoration efforts after Hurricane Sally affected Georgia, leaving approximately 28,000 customers without power as of 11 a.m. EDT on September 17, 2020. The company is addressing around 675 damage reports statewide. While weather conditions are improving, potential scattered outages may still occur. Georgia Power encourages safety by advising against touching downed power lines and offers various tools for customers, including Outage Alerts and a mobile app for real-time updates.
As Hurricane Sally impacts Alabama, Georgia Power is prepared to assist recovery efforts, having deployed approximately 500 personnel to the affected areas. The company's resources can be shared easily across its system, ensuring rapid response to service interruptions. With a focus on safety, Georgia Power is coordinating with other utilities to expedite power restoration while also providing safety tips for customers during the hurricane season.
For reliable service and customer support, Georgia Power emphasizes its commitment to delivering safe, affordable energy throughout Georgia.
Southern Company has elected Colette D. Honorable as an independent director, effective Oct. 1, 2020. Honorable brings extensive energy policy and regulation experience, having served as a FERC commissioner from Jan. 2015 to June 2017. Her knowledge is expected to strengthen Southern Company's governance and risk oversight. Honorable's background includes leadership roles at the Arkansas Public Service Commission and significant contributions to energy efficiency programs. The company emphasizes its commitment to corporate governance and diversity through her appointment.
Georgia Power is actively monitoring Hurricane Sally as it approaches Georgia, coordinating with emergency partners. Customers are advised to prioritize safety and prepare with emergency kits. The company offers resources such as an Outage Alert service and an interactive Outage Map for real-time updates on power outages. With a commitment to reliability, Georgia Power leverages Smart Grid technology and has implemented pandemic response measures to ensure customer and employee safety during service interruptions. Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO).
Georgia Power, serving 2.6 million customers, is promoting National Preparedness Month in collaboration with FEMA and GEMA this September. The initiative urges customers to prepare for emergencies with essential safety tips. Key recommendations include building an emergency kit, having a communication plan, and understanding local risks. The company also highlights tools such as the Outage Map and Outage Alerts for efficient safety management. Committed to delivering reliable energy at competitive rates, Georgia Power emphasizes safety and proactive measures for severe weather preparedness.
Southern Company has been awarded the prestigious EEI Edison Award for its excellence in energy storage research and development initiatives. The recognition highlights the company's leadership in advancing energy storage technology, including the Energy Storage Research Center in Birmingham, Alabama. This marks the fifth time Southern Company has received this accolade, further emphasizing its commitment to a net-zero carbon future and innovation in the electric utility industry. The award acknowledges collaboration with various partners, including federal agencies and research institutions.
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.
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