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Southern Co (SO.N)

SO.N on New York Stock Exchange

44.30USD
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Georgia Power Says Hurricane Michael Enters Georgia, 65,000 Customers Without Power
Thursday, 11 Oct 2018 

Oct 10 (Reuters) - Georgia Power ::GEORGIA POWER SAYS HURRICANE MICHAEL ENTERS GEORGIA, 65,000 CUSTOMERS WITHOUT POWER.GEORGIA POWER -AS OF 8:00 P.M. WEDNESDAY, OVER 65,000 CUSTOMERS WITHOUT POWER IN GEORGIA; OVER 600 INDIVIDUAL CASES OF DAMAGE CO WORKING TO REPAIR.  Full Article

Georgia Power Says Vogtle Owners Received Required Vote To Continue Construction Of Plant Vogtle Units 3 And 4
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Georgia Power Co ::GEORGIA POWER SAYS ON SEPT 26, VOGTLE OWNERS RECEIVED REQUIRED VOTE TO CONTINUE CONSTRUCTION OF PLANT VOGTLE UNITS 3 AND 4 - SEC FILING.GEORGIA POWER - AMENDMENTS TO THE VOGTLE JOINT OWNERSHIP AGREEMENTS.GEORGIA POWER-ENTERED TERM SHEET WITH VOGTLE OWNERS & MEAG'S UNITS TO TAKE ACTIONS TO MITIGATE POTENTIAL FINANCIAL EXPOSURE FOR OTHER VOGTLE OWNERS.GEORGIA POWER - GEORGIA POWER WILL BE RESPONSIBLE FOR 55.7% OF ANY CONSTRUCTION COSTS THAT EXCEED EAC IN THE 19TH VCM BY $800 MILLION TO $1.6 BILLION.GEORGIA POWER - WILL BE RESPONSIBLE FOR 65.7% OF ANY CONSTRUCTION COSTS THAT EXCEED THE EAC IN THE 19TH VCM BY $1.6 BILLION TO $2.1 BILLION.GEORGIA POWER - ENTERED A TERM SHEET WITH MEAG & MEAG SPVJ TO PROVIDE FUNDING WITH RESPECT TO MEAG SPVJ’S OWNERSHIP INTEREST IN PLANT VOGTLE UNITS 3 & 4.  Full Article

Georgia Power Says Vogtle 3 & 4 Co-Owners Agree To 5 P.M. Wednesday Extension On Vote To Finalize Details Of An Agreement
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Oglethorpe Power Corp [RIC:RIC:OGPWR.UL]::GEORGIA POWER - VOGTLE 3 & 4 CO-OWNERS AGREE TO 5 P.M. WEDNESDAY EXTENSION ON VOTE TO FINALIZE DETAILS OF AN AGREEMENT.  Full Article

Georgia Power Updates Ash Pond Closure Plans For Plants Branch And Bowen
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Georgia Power::GEORGIA POWER UPDATES ASH POND CLOSURE PLANS FOR PLANTS BRANCH AND BOWEN.GEORGIA POWER SAYS UPDATES INCREASE NUMBER OF COMPLETELY EXCAVATED ASH PONDS TO 19.GEORGIA POWER- INCREASED NUMBER OF ASH PONDS TO BE COMPLETELY EXCAVATED TO 19 FROM 17.GEORGIA POWER - PLANS TO PERMANENTLY CLOSE ASH POND AT PLANT BOWEN, NEAR CARTERSVILLE.  Full Article

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

FACTBOX-Over 137,000 homes without power in Florida, Georgia after Hurricane Michael

Oct 18 More than 137,000 homes and businesses in Florida and Georgia were still without power on Thursday, in the aftermath of Hurricane Michael, local power companies said. In total, more than 3.3 million customers lost power from Florida to New York after Michael struck the Florida Panhandle on Oct. 10 as a Category 4 storm with maximum sustained winds of 155 miles per hour (250 kph). Some customers in the hardest-hit parts of Florida may have to wait another week or tw