UPDATE 1-Southern Co to report on renewable energy efforts, activist says

Thu Mar 27, 2014 8:43pm EDT

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BOSTON, March 27 (Reuters) - U.S. regional power utility Southern Company plans to produce a full report on its renewable energy projects, an activist group said on Thursday.

The Oakland, California-based As You Sow foundation said in return for Southern's planned report, it has withdrawn a shareholder resolution calling on the Atlanta-based utility to outline steps it could take to reduce greenhouse gas emissions.

In an email to Reuters late on Thursday, a Southern Company representative said: "This information-sharing agreement will highlight Southern Company's development of renewable resources. Southern Company will continue developing the full energy portfolio - nuclear, 21st century coal, natural gas, renewables and energy efficiency - to best meet customers' energy needs with clean, safe, reliable and affordable power."

Activists have struck similar deals lately with other utilities including one earlier this month by Exxon Mobil Corp . (Reporting by Ross Kerber; Editing by Marguerita Choy and Ken Wills)

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