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Southern Co (SO.N)

SO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Southern Co's subsidiary and Korea Electric Power Corporation sign MOU
Thursday, 15 Oct 2015 09:00am EDT 

Southern Co:Says company's subsidiary and Korea Electric Power Corporation sign mou to jointly evaluate clean coal technology deployment worldwide.  Full Article

Southern Company subsidiary to acquire second wind project
Wednesday, 9 Sep 2015 08:30am EDT 

Southern Co:Southern company subsidiary to acquire second wind project, surpassing 1,600 mw of renewable generation development.Says acquisition is expected to close in march 2016 upon successful completion of project construction.Says grant wind facility is expected to utilize 66 wind turbines manufactured by siemens.Says the grant wind plant is expected to achieve commercial operation in march 2016.Says announced agreement to acquire co's second wind project - grant wind facility in oklahoma - from apex clean energy.  Full Article

Southern Co to acquire AGL Resources Inc in $12 billion transaction
Monday, 24 Aug 2015 07:30am EDT 

Southern Co:To acquire AGL Resources in $12 billion transaction, creating leading U.S. electric and gas utility.Says AGL Resources shareholders to receive $66 per share.Says transaction expected to be accretive to Southern Company earnings per share in first year.Transaction has an enterprise value of about $12 billion, including a total equity value of about $8 billion.For Southern Co transaction is anticipated to be accretive to EPS in the first full year following the close of the transaction.Says companies expect to complete the transaction in the second half of 2016.Says transaction will accelerate expected long-term EPS growth to 4-5 percent.Committed financing from Citigroup global markets inc. and plans to put long-term financing in place prior to the closing of deal.Says after closing, AGL Resources will continue to maintain its own management team and board of directors.Says AGL Resources will continue to maintain its own corporate headquarters, which for AGL Resources is in Atlanta.  Full Article

Southern Co announces quarterly dividend
Monday, 20 Jul 2015 02:40pm EDT 

Southern Co:Says regular quarterly dividend of 54.25 cents per share on common stock.payable Sept. 5, 2015, to shareholders of record as of Aug. 17, 2015.  Full Article

Southern Co subsidiary furthers renewable energy leadership by acquiring 103-megawatt Georgia solar project
Thursday, 21 May 2015 12:00pm EDT 

Southern Co:Says its subsidiary Southern Power is demonstrating commitment to developing more renewable energy resources through acquisition of 103-megawatt (MW) Butler solar facility from Community Energy Inc in Georgia.  Full Article

Southern Co's Southern Power tops 1,000 megawatts of renewable energy development with North Star solar acquisition
Thursday, 30 Apr 2015 04:01pm EDT 

Southern Co:Says its subsidiary Southern Power has surpassed 1,000 megawatts of renewable energy development with acquisition of a controlling interest in 60-MW North Star Solar Facility in California from First Solar Inc.Says remaining interest in project will be owned by an affiliate of First Solar.Says First Solar will build, operate and maintain the North Star Solar Facility.Says construction began in July 2014, and plant is expected to enter commercial operation this June.  Full Article

Southern Co raises dividend by 7 cents
Monday, 20 Apr 2015 02:40pm EDT 

Southern Co:Increasing its dividend by 7 cents per share on an annualized basis to a rate of $2.17 per share.Says regular quarterly dividend -- including an increase of 1.75 cents per share over the prior quarter -- of 54.25 cents per share.Payable June 6 to shareholders of record as of May 18.  Full Article