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The Southern Company, also called Southern, is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. Read More The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945 and is headquartered in Atlanta, GA.
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The stock market has been on shaky ground since the drop off at the end of 2018 and with a 460 point drop in the Dow index just today.
Georgia Power, DOE finalize $1.67 billion loan guarantee for new Vogtle units
ATLANTA, March 22, 2019 /PRNewswire/ -- U.S. Energy Secretary Rick Perry, Georgia Governor Brian Kemp, U.S. Agriculture Secretary Sonny Perdue and North America's Building Trades Unions President Sean McGarvey joined Southern Company Chairman, President and CEO Tom Fanning, Georgia Power Chairman, President and CEO Paul Bowers and hundreds of workers and special guests at the Vogtle 3 & 4 nuclear expansion project today near Waynesboro, Georgia, to announce the closing of approximately $1.67 billion in additional Department of Energy (DOE) loan guarantees for the new Vogtle units.
Southern Co. (SO) Up 2.7% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Southern Co. (SO). Shares have added about 2.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Southern Co. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Southern Company Q4 Earnings Beat on Higher Retai...
Expected Apr 30, Pre-Market