Southern Co (SO.N) Key Developments | Reuters.com
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Southern Co (SO.N)

SO.N on New York Stock Exchange

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1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Florida PSC reduces power utility natgas hedging by up to 25 pct
Tuesday, 14 Jun 2016 11:36am EDT 

Florida energy regulators changed the amount of natural gas the state's investor-owned power companies can hedge after consumers paid billions more for fuel over the past several years. : The Florida Public Service Commission (PSC) last week approved modifications to the risk management plans – or hedging practices – for NextEra Energy Inc's Florida Power & Light Co, Southern Co's Gulf Power Co, and TECO Energy Inc's Tampa Electric Co. . From 2002 through the end of 2016, the state's four investor-owned power companies were expected to have lost more than $6.6 billion because they bought hedged gas at higher prices, according to local media reports. . The PSC said it left Duke Energy Corp's plan for its Duke Energy Florida utility in place because it "has the flexibility to meet the revised targets." . To reduce fuel hedging costs during downward price trends, the PSC approved the utilities proposals to reduce annual fuel purchases targeted for hedges by up to 25 percent and shorten their respective time horizons for placing hedges. See: http://www.mypalmbeachpost.com/news/business/regulators-reduce-fpl-natural-gas-hedging-by-25-pe/nrdjg/ See: http://www.psc.state.fl.us/Home/NewsLink?id=11401 (Reporting by Scott DiSavino) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net)).  Full Article

Southern Co, AGL receive merger approval from Illinois regulators
Tuesday, 7 Jun 2016 04:30pm EDT 

Southern Co : Southern Company, AGL Resources receive merger approval from Illinois regulators .Companies expect to complete transaction in second half of 2016.  Full Article

PowerSecure International says lenders waived default from loan of up to $25 mln
Friday, 6 May 2016 05:50pm EDT 

PowerSecure International Inc : Lenders granted waiver of default arising under amended and restated credit agreement, dated as of December 21, 2011 .Lenders waived default from loan of up to $25 million expected to be made by Southern Co to co's unit.  Full Article

Southern Co announces public offering of common stock
Thursday, 5 May 2016 04:15pm EDT 

Southern Co:Expects to raise gross proceeds of approximately $900 million.Announces public offering of common stock.Commenced an underwritten public offering of 18.3 million shares of its common stock.Net proceeds from offering will be used to fund a portion of purchase price for company's pending acquisition of agl resources.  Full Article

Southern Co's unit acquires East Pecos solar facility in Texas
Monday, 7 Mar 2016 09:00am EST 

Southern Company:Subsidiary acquires east pecos solar facility in Texas.Says First Solar is building and will operate and maintain the facility.Construction began in February and the facility is expected to reach commercial operation in the fourth quarter 2016.Southern Company subsidiary Southern power announced the acquisition of the company's second solar project in Texas.  Full Article

Southern Company announces quarterly dividend
Thursday, 14 Jan 2016 10:30am EST 

Southern Company:announced a regular quarterly dividend of 54.25 cents per share on the company's common stock, payable March 7, 2016, to shareholders of record as of Feb. 16, 2016.  Full Article

Southern Company subsidiary acquires 200-megawatt Garland solar facility
Friday, 18 Dec 2015 08:30am EST 

Southern Co:Announced the acquisition of a controlling interest in the 200-megawatt (MW) Garland solar facility under construction in California from Recurrent Energy.  Full Article

Southern Company subsidiary acquires first solar project in Texas
Monday, 30 Nov 2015 08:30am EST 

Southern Co :Subsidiary acquires first solar project in Texas.Says Southern power today announced the acquisition of a controlling interest in the 157-megawatt (mw) roserock solar facility.Says project, currently under construction, is expected to enter commercial operation in the fourth quarter of 2016.Electricity and renewable energy credits generated by facility will be sold under 20-year power purchase agreement with Austin energy.  Full Article

Southern Cosubsidiary and Turner Renewable Energy acquire Morelos del Sol Solar Facility in California
Monday, 26 Oct 2015 09:00am EDT 

Southern Co:Says subsidiary Southern Power and Turner Renewable Energy announced the acquisition of the 15-megawatt (MW) Morelos del Sol Solar Facility from Solar Frontier Americas.Electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement with Pacific Gas & Electric Company.  Full Article

Southern Co announces quarterly dividend
Monday, 19 Oct 2015 02:38pm EDT 

Southern Co:Announced a regular quarterly dividend of 54.25 cents per share on the company's common stock, payable Dec. 4, 2015, to shareholders of record as of Nov. 16, 2015.  Full Article