NYSE:SO

Southern Company announces upsize and pricing of $1.3 billion in aggregate principal amount of Series 2024A 4.50% Convertible Senior Notes due June 15, 2027

Retrieved on: 
Tuesday, May 7, 2024
Debt-to-GDP ratio, Sale, Convertible, Note, Security (finance)

In addition, Southern Company granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $200 million in aggregate principal amount of the Convertible Notes.

Key Points: 
  • In addition, Southern Company granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $200 million in aggregate principal amount of the Convertible Notes.
  • Interest on the Convertible Notes will be paid semiannually at a rate of 4.50% per annum.
  • The Convertible Notes will mature on June 15, 2027, unless repurchased or converted in accordance with their terms prior to such date.
  • Prior to March 15, 2027, the Convertible Notes will be convertible only upon the occurrence of certain events and during certain periods.

Southern Power expands Millers Branch Solar Facility in Texas

Retrieved on: 
Wednesday, May 1, 2024
Phase, Cisco, Laboratory, PTC, Guarantee of origin, Wind, Procurement, Idexx Laboratories, Renewable energy

ATLANTA, May 1, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the expansion of its 29th solar project — Millers Branch Solar Facility.

Key Points: 
  • ATLANTA, May 1, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the expansion of its 29th solar project — Millers Branch Solar Facility.
  • "We are thrilled to announce the expansion of our Millers Branch Solar Facility," said Southern Power President Robin Boren.
  • Southern Power will lead the continued development and construction of both phases of Millers Branch.
  • With the addition of Millers Branch Phase II, Southern Power's solar portfolio consists of more than 2,920 MW of solar generation currently operating or under construction.

ALABAMA POWER ANNOUNCES ADDITIONS TO BOARD OF DIRECTORS

Retrieved on: 
Monday, April 29, 2024
University, The Business Council, Huntingdon College, Committee of 100, Howell, International Council, Trustee, Country club, JWA, Shopping, Alabama Wildlife Federation, Commerce, Committee, Tuscaloosa Academy

BIRMINGHAM, Ala., April 29, 2024 /PRNewswire/ -- Lee Goodloe, Larry Howell and Will Wilson have been elected to the Alabama Power Board of Directors.

Key Points: 
  • BIRMINGHAM, Ala., April 29, 2024 /PRNewswire/ -- Lee Goodloe, Larry Howell and Will Wilson have been elected to the Alabama Power Board of Directors.
  • "We are pleased to welcome these accomplished leaders to our board of directors," said Alabama Power president and CEO Jeff Peoples.
  • Goodloe serves on the Southern Pine Inspection Bureau Board of Governors, the American Lumber Standards Committee, and the Business Council of Alabama Board of Directors.
  • Howell is a recognized leader in professional and civic organizations, serving on the boards of directors of the Business Council of Alabama, the Alabama Wildlife Federation, and the Pallet Foundation.

Vogtle Unit 4 enters commercial operation

Retrieved on: 
Monday, April 29, 2024
Electricity, Nuclear energy, PSC, Integrated Resource Plan, Unit, Oglethorpe Power, Government, Georgia Power, Georgia Public Service Commission, Renewable energy

ATLANTA, April 29, 2024 /PRNewswire/ -- Georgia Power declared today that Plant Vogtle Unit 4 has entered commercial operation and is now serving customers and the State of Georgia. The new unit, which can produce enough electricity to power an estimated 500,000 homes and businesses, will provide reliable, emissions-free energy to customers for at least 60 to 80 years. Vogtle Unit 3 entered commercial operation on July 31, 2023 (read more). 

Key Points: 
  • Plant Vogtle now the largest generator of clean energy in U.S.
    ATLANTA, April 29, 2024 /PRNewswire/ -- Georgia Power declared today that Plant Vogtle Unit 4 has entered commercial operation and is now serving customers and the State of Georgia.
  • Vogtle Unit 3 entered commercial operation on July 31, 2023 ( read more ).
  • With all four units now in operation, Plant Vogtle is the largest generator of clean energy in the nation, expected to produce more than 30 million megawatt hours of electricity each year.
  • These new Vogtle units not only will support the economy within our communities now and in the future, they demonstrate our global nuclear leadership."

Southern Power's South Cheyenne Solar Facility in Wyoming is now operational

Retrieved on: 
Tuesday, April 30, 2024
Black Hills Corporation, Wind, Electricity, EPC, Xcel Energy, Solar energy, Renewable energy

ATLANTA, April 30, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 150-megawatt (MW) South Cheyenne Solar Facility in Laramie County, Wyoming, is now operational.

Key Points: 
  • ATLANTA, April 30, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 150-megawatt (MW) South Cheyenne Solar Facility in Laramie County, Wyoming, is now operational.
  • This project, Southern Power's 30th solar facility, is Southern Power's first solar facility in Wyoming, and it contributes to the company's growing fleet of clean energy resources from California to Maine.
  • Southern Power acquired South Cheyenne Solar Facility from Qcells USA Corp. (Qcells USA), in September 2023.
  • With the addition of South Cheyenne, Southern Power's solar portfolio includes more than 2,740 MW of solar generation.

Historically Black Colleges and Universities in Georgia and Florida Join Forces with SouthStar Energy Services in Sustainability Partnership

Retrieved on: 
Thursday, April 25, 2024
Investment, Learning, Investment company, Natural gas, Partnership, Business, Carbon, Paine College, Jerk (Oliver Tree song), Bethune–Cookman University, University, Renewable energy

ATLANTA, April 25, 2024 /PRNewswire/ -- SouthStar Energy Services®, a member of the Southern Company family of companies, has entered into a groundbreaking alliance with two Historically Black Colleges and Universities across its multi-state business footprint.

Key Points: 
  • ATLANTA, April 25, 2024 /PRNewswire/ -- SouthStar Energy Services®, a member of the Southern Company family of companies, has entered into a groundbreaking alliance with two Historically Black Colleges and Universities across its multi-state business footprint.
  • SouthStar Energy Services realizes the importance of sustainability for future generations and the critical role educational institutions play in shaping future leaders.
  • By teaming up with Paine College and Bethune-Cookman University, SouthStar demonstrates a shared commitment to both environmental responsibility and educational excellence.
  • Through this program, SouthStar Energy Services will assist the partnering HBCUs in offsetting the carbon emissions from their natural gas usage.

WeaveGrid launches electric vehicle initiatives with Southern Company subsidiaries, simplifying EV home charging in the Southeast

Retrieved on: 
Thursday, April 25, 2024
Transport, EV, Learning, Alabama Power, SAN, Georgia Power

SAN FRANCISCO, April 25, 2024 /PRNewswire/ -- WeaveGrid, a leading software provider whose products help enable accelerated electric vehicle (EV) adoption on the electric grid, today announced they will collaborate with Southern Company subsidiary Alabama Power to launch an innovative new program for EV owners in the Alabama Power service footprint. The company is simultaneously working with Georgia Power, piloting a similar program for a limited number of EV owners in Georgia.

Key Points: 
  • The company is simultaneously working with Georgia Power, piloting a similar program for a limited number of EV owners in Georgia.
  • WeaveGrid's new smart charging program unlocks EV driver benefits and grid flexibility for Alabama and Georgia Power.
  • Georgia Power and Alabama Power customers who participate will be able to optimize their home charging and access exclusive EV benefits.
  • "Southern Company is proud to collaborate with WeaveGrid on this very innovative value-added program," said Hank Adams, senior vice president of Customer Solutions for Southern Company.

Southern Company increases dividend for 23rd consecutive year; annualized rate rises to $2.88 per share

Retrieved on: 
Monday, April 22, 2024
Growth, Holding company

ATLANTA, April 22, 2024 /PRNewswire/ -- Southern Company today announced it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.88 per share.

Key Points: 
  • ATLANTA, April 22, 2024 /PRNewswire/ -- Southern Company today announced it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.88 per share.
  • This marks the 76th consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter.
  • Additionally, this is the 23rd consecutive year the company has raised its dividend.
  • Southern Company also announced a regular quarterly dividend – including an increase of 2 cents per share over the prior quarter – of 72 cents per share, payable June 6, 2024 to shareholders of record as of May 20, 2024.

Give Old Electronics a New Life with Georgia Natural Gas and Lenox Square at Annual Earth Day Recycling Drive

Retrieved on: 
Tuesday, April 16, 2024
Natural gas, Marketing, Phipps Plaza, Electronic, Computer, Biodegradable waste, Recycling, Electronics, Lenox Square, Carbon, Atlanta Gas Light

ATLANTA, April 16, 2024 /PRNewswire/ -- Georgia Natural Gas , the state's leading natural gas provider, is teaming up with Lenox Square to encourage Georgia residents and businesses to drive down waste by recycling unwanted electronics at their Annual Electronic Recycling Drive.

Key Points: 
  • ATLANTA, April 16, 2024 /PRNewswire/ -- Georgia Natural Gas , the state's leading natural gas provider, is teaming up with Lenox Square to encourage Georgia residents and businesses to drive down waste by recycling unwanted electronics at their Annual Electronic Recycling Drive.
  • In honor of Earth Day, used electronics will be collected at Lenox Square, located at 3393 Peachtree Rd.
  • Donating at our Electronic Recycling Drive guarantees responsible disposal of your unwanted electronics," said Lindsey Jones, area director of Marketing for Lenox Square and Phipps Plaza.
  • "At Georgia Natural Gas, we believe that every day is Earth Day.

Georgia Power highlights training programs and career opportunities during Lineworker Appreciation Month

Retrieved on: 
Thursday, April 4, 2024
Storm, Workforce, Forestry, ELAC, Georgia Power, Distribution, Health, Certification, CDL, Storm Center, Management

ATLANTA, April 4, 2024 /PRNewswire/ -- April is designated nationally as Lineworker Appreciation Month – a time to recognize and celebrate the thousands of lineworkers who work around the clock to keep the lights on for electric customers. This month, Georgia Power is highlighting the successful, forward-thinking collaboration between the company and Georgia's technical colleges to recruit, train and employ the next generation of this critical workforce.

Key Points: 
  • This month, Georgia Power is highlighting the successful, forward-thinking collaboration between the company and Georgia's technical colleges to recruit, train and employ the next generation of this critical workforce.
  • In fact, Georgia Power expects to hire around 170 lineworkers annually over the next 3-5 years to continue serving the state.
  • Tami Barron is senior vice president of Distribution for Georgia Power and has worked with the Southern Company system for decades.
  • More than 60 percent of new Georgia Power lineworkers come from technical schools with Electrical Lineworker Apprentice Certification (ELAC) programs.