|Day's Range||50.15 - 50.47|
|52 Week Range||46.20 - 54.64|
|PE Ratio (TTM)||18.84|
|Dividend & Yield||2.32 (4.64%)|
|1y Target Est||N/A|
The Southern Company recently entered into a tentative agreement with Japan's Toshiba Corp's U.S. nuclear unit, Westinghouse Electric Company.
WILMINGTON, Del/NEW YORK (Reuters) - The owners of the unfinished Vogtle power plant in Georgia led by Southern Co (SO.N) agreed to cap Toshiba Corp's responsibility for its guarantees on the much-delayed nuclear project, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said on Sunday. The agreement pegs Toshiba's guarantees for the unfinished Vogtle plant at about $3.6 billion, payable over at least three years, the people said, adding the deal was not yet final. The deal is also contingent on the owners of the incomplete V.C. Summer power plant in South Carolina, including utility company SCANA Corp (SCG.N), coming to a similar agreement with Toshiba, said the people, who could not be identified because the talks are not public.
Southern Co's (SO.N) Georgia Power and Toshiba Corp's Westinghouse have reached a tentative deal to transfer project management of the expansion of a Georgia nuclear power plant to units of Southern Co, Georgia Power said in a statement on Friday. The interim agreement until June 3 will allow construction of the Vogtle plant expansion to continue, it said.