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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 Co Entered Sales Agency Financing Agreements With Barclays Capital, BNP Paribas, Among Others
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Southern Co ::SOUTHERN CO - ENTERED SEPARATE SALES AGENCY FINANCING AGREEMENTS WITH BARCLAYS CAPITAL, BNP PARIBAS SECURITIES, AMONG OTHERS - SEC FILING.SOUTHERN CO - UNDER TERMS, MAY OFFER & SELL NOT TO EXCEED 50 MILLION SHARES, $5.00 PAR VALUE/SHARE - SEC FILING.  Full Article

Significant Progress Made On Vogtle 3 & 4 Construction
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Georgia Power::SIGNIFICANT PROGRESS MADE ON VOGTLE 3 & 4 CONSTRUCTION.GEORGIA POWER SAYS REVISED CAPITAL & CONSTRUCTION COST FORECAST FOR ITS SHARE OF PROJECT TO $8.4 BILLION.GEORGIA POWER - COMPANY TO ABSORB $700 MILLION ADDITIONAL PROJECTED COSTS; NO IMPACT ON CUSTOMER BILLS FROM THESE FUTURE COSTS.GEORGIA POWER - REVISED FORECAST INCLUDES APPROXIMATELY $700 MILLION IN ADDITIONAL PROJECTED COSTS WHICH WILL BE ABSORBED BY COMPANY.GEORGIA POWER-PREVIOUS CONTINGENCY FOR PROJECT IS INSUFFICIENT TO OFFSET FORECASTED COST INCREASES RESULTING IN INCREASED CONTINGENCY OF ABOUT $400 MILLION.  Full Article

Southern Q2 Earnings Per Share $0.80 Excluding Items
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Southern Co ::MPANY REPORTS SECOND-QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.80 EXCLUDING ITEMS.EARNINGS ALSO INCLUDE $1.1 BILLION CHARGE FOR ESTIMATED PROBABLE LOSS ON GEORGIA POWER COMPANY'S CONSTRUCTION OF PLANT VOGTLE UNITS 3 AND 4.  Full Article

Southern Power Acquires Wildhorse Mountain Wind Facility
Tuesday, 29 May 2018 

May 29 (Reuters) - Southern Co ::SOUTHERN POWER ACQUIRES WILDHORSE MOUNTAIN WIND FACILITY.SOUTHERN CO - WILDHORSE MOUNTAIN IS EXPECTED TO ACHIEVE COMMERCIAL OPERATION IN Q4 OF 2019.SOUTHERN CO - ONCE OPERATIONAL, ALL ATTRIBUTES GENERATED BY FACILITY WILL BE SOLD UNDER A 20-YEAR POWER PURCHASE AGREEMENT TO AECC.  Full Article

Nextera Energy Reaches Agreements To Buy Certain Assets From Southern Co
Monday, 21 May 2018 

May 21 (Reuters) - Nextera Energy Inc ::NEXTERA ENERGY REACHES DEFINITIVE AGREEMENTS TO ACQUIRE GULF POWER, FLORIDA CITY GAS AND ADDITIONAL ASSETS FROM SOUTHERN COMPANY.NEXTERA ENERGY - DEAL VALUED AT ABOUT $6.475 BILLION.NEXTERA ENERGY INC - TRANSACTIONS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EARNINGS.NEXTERA ENERGY INC - NEXTERA ENERGY IS EXPECTED TO RAISE 2020 AND 2021 ADJUSTED EARNINGS PER SHARE EXPECTATIONS BY $0.15 & $0.20, RESPECTIVELY.NEXTERA ENERGY INC - NEXTERA ENERGY IS EXPECTED TO CONTINUE TO MAINTAIN $5 BILLION TO $7 BILLION OF EXCESS BALANCE SHEET CAPACITY POST-DEAL CLOSING.NEXTERA ENERGY INC - INTENDS TO FINANCE APPROXIMATELY $5.1 BILLION PURCHASE PRICE THROUGH ISSUANCE OF NEW DEBT.  Full Article

Southern Co To Sell Certain U.S. Assets To NextEra Energy For $5.08 Bln
Monday, 21 May 2018 

May 21 (Reuters) - Southern Co ::SOUTHERN COMPANY ANNOUNCES SALE OF CERTAIN FLORIDA ASSETS TO NEXTERA ENERGY.SOUTHERN CO - DEAL FOR APPROXIMATELY $6.475 BILLION.SOUTHERN CO - DEAL FOR EQUITY VALUE OF APPROXIMATELY $5.075 BILLION..SOUTHERN CO - PROCEEDS FROM DEALS INTENDED TO BE USED TO REDUCE DEBT AND IMPROVE BALANCE SHEET.SOUTHERN CO - TO SELL GULF POWER COMPANY, FLORIDA CITY GAS TO NEXTERA ENERGY.SOUTHERN CO - TO ALSO SELL ENTITIES HOLDING SOUTHERN POWER'S INTERESTS IN PLANT OLEANDER AND PLANT STANTON TO NEXTERA ENERGY.  Full Article

Southern Co - Appointed Andrew Evans, To Serve As Executive VP And CFO Of Southern Company
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Southern Co ::SOUTHERN CO - ON APRIL 16, , APPOINTED ANDREW W. EVANS, TO SERVE AS EXECUTIVE VP AND CFO OF SOUTHERN COMPANY, EFFECTIVE JUNE 1, 2018 - SEC FILING.SOUTHERN CO - EVANS WILL SUCCEED ART P. BEATTIE, WHO WILL RETIRE AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF SOUTHERN CO.  Full Article

Southern Company Announces Regular Quarterly Dividend Of 60 Cents Per Share
Monday, 16 Apr 2018 

April 16 (Reuters) - Southern Co ::SOUTHERN COMPANY INCREASES DIVIDEND FOR 17TH CONSECUTIVE YEAR; ANNUALIZED RATE GOES TO $2.40 PER SHARE.SOUTHERN CO - REGULAR QUARTERLY DIVIDEND, INCLUDING INCREASE OF 2 CENTS PER SHARE OVER PRIOR QUARTER, OF 60 CENTS PER SHARE.  Full Article

Southern Company Sets Regular Quarterly Dividend Of $0.58/Shr
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Southern Co ::SOUTHERN COMPANY ANNOUNCES QUARTERLY DIVIDEND.SOUTHERN CO ANNOUNCES ‍REGULAR QUARTERLY DIVIDEND OF 58 CENTS PER SHARE ON COMPANY'S COMMON STOCK​.  Full Article

Georgia Power moves forward with Vogtle 3, 4 project
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Southern Co ::GEORGIA POWER WILL MOVE FORWARD WITH VOGTLE 3 & 4 PROJECT.RECEIVED UNANIMOUS APPROVAL FROM GEORGIA PUBLIC SERVICE COMMISSION TO COMPLETE VOGTLE 3 & 4 NEAR WAYNESBORO.UNIT 3 EXPECTED ONLINE IN NOVEMBER 2021 & UNIT 4 IN NOVEMBER 2022.AGREED TO NEW PENALTIES FOR DELAYS, COST INCREASES IN ADDITION TO PENALTIES FROM PREVIOUS DEAL APPROVED EARLIER THIS YEAR BY GEORGIA PSC.UNDER THE AMENDED STRUCTURE, SHAREHOLDERS WILL SEE IMPACT OF ABOUT $750 MILLION THROUGH NOVEMBER 2022.  Full Article

UPDATE 1-Pence vows to defend U.S. elections against foreign meddling

NEW YORK, July 31 U.S. Vice President Mike Pence vowed on Tuesday to protect domestic elections from foreign interference, hours after Facebook said it had identified a new effort to use its site to influence November’s U.S. congressional elections.