Profile: Southern Co (SO.N)
13 Jan 2017
The Southern Company (Southern Company), incorporated on November 9, 1945, is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company's segments include the sale of electricity by four traditional operating companies, Southern Power and All Other. The traditional operating companies, including Alabama Power Company (Alabama Power), Georgia Power Company (Georgia Power), Gulf Power Company (Gulf Power) and Mississippi Power Company (Mississippi Power), are vertically integrated utilities providing electric service in over four Southeastern states. Southern Company owns all of the membership interests of Southern Communications Services, Inc. (SouthernLINC Wireless), Southern Nuclear Operating Company, Inc. (Southern Nuclear), Southern Company Services, Inc. (SCS), Southern Company Holdings, Inc. (Southern Holdings), and other direct and indirect subsidiaries. The Company's subsidiary also includes PowerSecure International, Inc.
Alabama Power is engaged, within the State of Alabama, in the generation and purchase of electricity and the transmission, distribution and sale of such electricity, at retail in approximately 400 cities and towns (including Anniston, Birmingham, Gadsden, Mobile, Montgomery and Tuscaloosa), as well as in rural areas, and at wholesale to approximately 14 municipally-owned electric distribution systems, over 10 of which are served indirectly through sales to Alabama Municipal Electric Authority (AMEA), and approximately two rural distributing cooperative associations. Alabama Power owns coal reserves near its Plant Gorgas and uses the output of coal from the reserves in its generating plants. Alabama Power also sells and cooperates with dealers in promoting the sale of, electric appliances. Georgia Power is engaged in the generation and purchase of electricity and the transmission, distribution, and sale of such electricity within the State of Georgia, at retail in over 600 communities (including Athens, Atlanta, Augusta, Columbus, Macon, Rome, and Savannah), as well as in rural areas, and at wholesale to Oglethorpe Power Corporation (OPC); Municipal Electric Authority of Georgia (MEAG Power); City of Dalton, Georgia, acting by and through its Board of Water, Light and Sinking Fund Commissioners (Dalton); various Electric membership corporations (EMCs), and non-affiliated utilities.
Gulf Power is engaged, within the northwestern portion of Florida, in the generation and purchase of electricity and the transmission, distribution and sale of such electricity, at retail in approximately 70 communities (including Pensacola, Panama City, and Fort Walton Beach), as well as in rural areas, and at wholesale to a non-affiliated utility. Mississippi Power is engaged in the generation and purchase of electricity and the transmission, distribution and sale of such electricity within over 20 counties in southeastern Mississippi, at retail in approximately 120 communities (including Biloxi, Gulfport, Hattiesburg, Laurel, Meridian, and Pascagoula), as well as in rural areas, and at wholesale to over one municipality, approximately six rural electric distribution cooperative associations, and over one generating and transmitting cooperative.
Southern Power is an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects and sells electricity at market-based rates in the wholesale market. Southern Power operates its business in the States of Alabama, California, Florida, Georgia, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina and Texas. Southern Power Company owns and manages generation assets primarily in the Southeast, which are included in the power pool, and has other subsidiaries, over two of which are Southern Renewable Energy, Inc. (SRE) and Southern Renewable Partnerships, LLC (SRP), which were created to own and operate renewable projects either wholly or in partnership with third parties. In addition, Southern Power has other subsidiaries either with natural gas and biomass generating facilities or pursuing additional natural gas generation and other development opportunities. Southern Power has approximately 9,590 megawatts of nameplate capacity in commercial operation (including approximately 2,110 megawatts owned by its subsidiaries).
SouthernLINC Wireless provides digital wireless communications for use by Southern Company and its subsidiary companies, and also markets these services to the public. SouthernLINC Wireless delivers multiple wireless communication options, including push to talk, cellular service, text messaging, wireless internet access, and wireless data. Its system covers approximately 127,000 square miles in the Southeast. SouthernLINC Wireless also provides fiber cable services within the Southeast through its subsidiary, Southern Telecom, Inc. Southern Nuclear operates and provides services to Alabama Power's and Georgia Power's nuclear plants and is developing Plant Vogtle Units 3 and 4, which are co-owned by Georgia Power. SCS is the Southern Company system service company providing, at cost, specialized services to Southern Company and its subsidiary companies. Southern Holdings is an intermediate holding subsidiary, primarily for Southern Company's investments in leveraged leases and also for energy services.
30 Ivan Allen Jr Blvd NW
ATLANTA GA 30308-3003