United States

Southern Co (SO.N)

SO.N on New York Stock Exchange

20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Southern Co announces public offering of 32.5 mln shares
Tuesday, 16 Aug 2016 04:04pm EDT 

Southern Co : Southern Company announces public offering of common stock . Commenced underwritten public offering of 32.5 million shares of common stock, through which expects to raise gross proceeds of about $1.6 billion . Says offering 32.5 million common shares .Net proceeds from offering to be used to fund portion of purchase price for pending purchase of 50 pct equity interest in southern natural gas.  Full Article

Southern Co Q2 earnings per share $0.68
Wednesday, 27 Jul 2016 07:30am EDT 

Southern Co : Kilowatt-Hour sales to retail customers in southern company's four-state service area decreased 1.6 percent in Q2 of 2016 . Southern company reports second quarter earnings . Q2 earnings per share $0.68 . Q2 revenue $4.45 billion versus I/B/E/S view $4.47 billion . Q2 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Total energy sales to southern company's customers, including wholesale sales, decreased 0.6 percent in q2 of 2016 .Qtrly adjusted earnings per share 77 cents.  Full Article

Southern Co names Trawick as chief operating officer for unit Southern Power
Tuesday, 19 Jul 2016 02:15pm EDT 

Southern Co: Southern Company subsidiaries announce leadership changes . Southern Co says John G. Trawick has been named senior vice president and chief operating officer for subsidiary Southern Power .John L. Pemberton has been named senior vice president, chief administrative officer and general counsel for Southern Power.  Full Article

Southern Co, Kinder Morgan enter Southern Natural Gas pipeline strategic venture
Sunday, 10 Jul 2016 10:57pm EDT 

Southern Co : Southern company, kinder morgan enter southern natural gas pipeline strategic venture . Acquiring 50 percent equity interest in southern natural gas (sng) pipeline systemkinder morgan will continue to operate system . Transaction equates to sng total enterprise value of about $4.15 billion, implies $1.47 billion for southern co's 50 percent equity interest .Expects to finance initial purchase, as well as any related future growth opportunities in a credit-supportive manner.  Full Article

Southern Company subsidiary expands solar portfolio with acquisition in North Carolina
Friday, 8 Jul 2016 09:00am EDT 

Southern Co : Southern company subsidiary expands solar portfolio with acquisition in North Carolina . Unit announced acquisition of companies' second solar project in North Carolina . Rutherford farm project will be covered by a long-term power purchase agreement .Acquisition of the 74-megawatt (mw) rutherford farm facility from cypress creek renewables..  Full Article

Southern Co unit acquires Lamesa Solar facility in Texas
Thursday, 7 Jul 2016 09:00am EDT 

Southern Co : Unit acquires Lamesa Solar facility from RES America Developments Inc . Southern Company subsidiary acquires Lamesa Solar facility in Texas .Construction activities are set to begin in July, and facility is expected to be commercially operational by mid-year 2017.  Full Article

Southern Power acquires controlling interest in 102 MW Henrietta solar project
Wednesday, 6 Jul 2016 09:00am EDT 

Southern Co : Southern Power acquired controlling interest in 102-megawatt (MW) Henrietta solar project in Kings County, California , from Sunpower .Sunpower will own remaining interest in project.  Full Article

Southern Company subsidiary expands renewable portfolio with wind acquisition in Maine
Tuesday, 5 Jul 2016 09:00am EDT 

Southern Co : Says acquisition from an affiliate of quantum utility generation .Southern Company subsidiary expands renewable portfolio with wind acquisition in Maine.  Full Article

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