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Southern Co (SO.N)

SO.N on New York Stock Exchange

47.96USD
13 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Southern Power Acquires Wildhorse Mountain Wind Facility
Tuesday, 29 May 2018 

May 29 (Reuters) - Southern Co ::SOUTHERN POWER ACQUIRES WILDHORSE MOUNTAIN WIND FACILITY.SOUTHERN CO - WILDHORSE MOUNTAIN IS EXPECTED TO ACHIEVE COMMERCIAL OPERATION IN Q4 OF 2019.SOUTHERN CO - ONCE OPERATIONAL, ALL ATTRIBUTES GENERATED BY FACILITY WILL BE SOLD UNDER A 20-YEAR POWER PURCHASE AGREEMENT TO AECC.  Full Article

Nextera Energy Reaches Agreements To Buy Certain Assets From Southern Co
Monday, 21 May 2018 

May 21 (Reuters) - Nextera Energy Inc ::NEXTERA ENERGY REACHES DEFINITIVE AGREEMENTS TO ACQUIRE GULF POWER, FLORIDA CITY GAS AND ADDITIONAL ASSETS FROM SOUTHERN COMPANY.NEXTERA ENERGY - DEAL VALUED AT ABOUT $6.475 BILLION.NEXTERA ENERGY INC - TRANSACTIONS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EARNINGS.NEXTERA ENERGY INC - NEXTERA ENERGY IS EXPECTED TO RAISE 2020 AND 2021 ADJUSTED EARNINGS PER SHARE EXPECTATIONS BY $0.15 & $0.20, RESPECTIVELY.NEXTERA ENERGY INC - NEXTERA ENERGY IS EXPECTED TO CONTINUE TO MAINTAIN $5 BILLION TO $7 BILLION OF EXCESS BALANCE SHEET CAPACITY POST-DEAL CLOSING.NEXTERA ENERGY INC - INTENDS TO FINANCE APPROXIMATELY $5.1 BILLION PURCHASE PRICE THROUGH ISSUANCE OF NEW DEBT.  Full Article

Southern Co To Sell Certain U.S. Assets To NextEra Energy For $5.08 Bln
Monday, 21 May 2018 

May 21 (Reuters) - Southern Co ::SOUTHERN COMPANY ANNOUNCES SALE OF CERTAIN FLORIDA ASSETS TO NEXTERA ENERGY.SOUTHERN CO - DEAL FOR APPROXIMATELY $6.475 BILLION.SOUTHERN CO - DEAL FOR EQUITY VALUE OF APPROXIMATELY $5.075 BILLION..SOUTHERN CO - PROCEEDS FROM DEALS INTENDED TO BE USED TO REDUCE DEBT AND IMPROVE BALANCE SHEET.SOUTHERN CO - TO SELL GULF POWER COMPANY, FLORIDA CITY GAS TO NEXTERA ENERGY.SOUTHERN CO - TO ALSO SELL ENTITIES HOLDING SOUTHERN POWER'S INTERESTS IN PLANT OLEANDER AND PLANT STANTON TO NEXTERA ENERGY.  Full Article

Southern Co - Appointed Andrew Evans, To Serve As Executive VP And CFO Of Southern Company
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Southern Co ::SOUTHERN CO - ON APRIL 16, , APPOINTED ANDREW W. EVANS, TO SERVE AS EXECUTIVE VP AND CFO OF SOUTHERN COMPANY, EFFECTIVE JUNE 1, 2018 - SEC FILING.SOUTHERN CO - EVANS WILL SUCCEED ART P. BEATTIE, WHO WILL RETIRE AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF SOUTHERN CO.  Full Article

Southern Company Announces Regular Quarterly Dividend Of 60 Cents Per Share
Tuesday, 17 Apr 2018 

April 16 (Reuters) - Southern Co ::SOUTHERN COMPANY INCREASES DIVIDEND FOR 17TH CONSECUTIVE YEAR; ANNUALIZED RATE GOES TO $2.40 PER SHARE.SOUTHERN CO - REGULAR QUARTERLY DIVIDEND, INCLUDING INCREASE OF 2 CENTS PER SHARE OVER PRIOR QUARTER, OF 60 CENTS PER SHARE.  Full Article

Southern Company Sets Regular Quarterly Dividend Of $0.58/Shr
Saturday, 20 Jan 2018 

Jan 19 (Reuters) - Southern Co ::SOUTHERN COMPANY ANNOUNCES QUARTERLY DIVIDEND.SOUTHERN CO ANNOUNCES ‍REGULAR QUARTERLY DIVIDEND OF 58 CENTS PER SHARE ON COMPANY'S COMMON STOCK​.  Full Article

Georgia Power moves forward with Vogtle 3, 4 project
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Southern Co ::GEORGIA POWER WILL MOVE FORWARD WITH VOGTLE 3 & 4 PROJECT.RECEIVED UNANIMOUS APPROVAL FROM GEORGIA PUBLIC SERVICE COMMISSION TO COMPLETE VOGTLE 3 & 4 NEAR WAYNESBORO.UNIT 3 EXPECTED ONLINE IN NOVEMBER 2021 & UNIT 4 IN NOVEMBER 2022.AGREED TO NEW PENALTIES FOR DELAYS, COST INCREASES IN ADDITION TO PENALTIES FROM PREVIOUS DEAL APPROVED EARLIER THIS YEAR BY GEORGIA PSC.UNDER THE AMENDED STRUCTURE, SHAREHOLDERS WILL SEE IMPACT OF ABOUT $750 MILLION THROUGH NOVEMBER 2022.  Full Article

Georgia Power Says Working With At&T For A Georgia-Based Trial Of AT&T's Airgig Technology
Thursday, 14 Dec 2017 

Dec 13 (Reuters) - Southern Co ::GEORGIA POWER SAYS WORKING WITH AT&T FOR A GEORGIA-BASED TRIAL OF AT&T'S AIRGIG TECHNOLOGY.  Full Article

Atlantic Coast Pipeline Signs Project Labor Agreements
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Atlantic Coast Pipeline::ATLANTIC COAST PIPELINE SIGNS PROJECT LABOR AGREEMENTS WITH FOUR LEADING CONSTRUCTION TRADE UNIONS.SAYS UNDER AGREEMENTS, 4 TRADE UNIONS TO BE RESPONSIBLE FOR HIRING, TRAINING 13,000 CONSTRUCTION WORKERS NEEDED TO BUILD PIPELINE​.  Full Article

Southern Co reports qtrly earnings of $1.06/shr
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Southern Co :Southern Co - qtrly diluted EPS $ 1.06 - SEC filing‍​.Southern Co - qtrly total operating revenues $6,201 million versus $ 6,264 mln‍​‍​.Southern Co - total pre-tax charges to income for estimated probable losses on Kemper IGCC were $34 million for the third quarter 2017‍​.Q3 earnings per share view $1.07, revenue view $6.12 billion -- Thomson Reuters I/B/E/S.  Full Article