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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Southern Natural Gas Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
ATLANTA, Sept. 13, 2019 /PRNewswire/ -- As high summer temperatures continue into the weekend, Georgia Power encourages customers to learn how to minimize the impact of higher temperatures and increased energy use on electric bills. The company is committed to providing information and choices that give customers the options they need to reduce energy use and save money every day. Georgia Power offers tips, tools and resources that can help all customers save money and energy during the heat of summer, and throughout the year.
Georgia Power has picked another Atlanta-area CEO for its board of directors with the addition of Bakkt CEO Kelly L. Loeffler. Bakkt, a subsidiary of Intercontinental Exchange Inc. (NYSE: ICE), is a regulated global ecosystem designed to enable custody, markets and use cases for digital assets such as cryptocurrency. "Working in the financial services sector for the last two decades, Kelly played a significant role in the early stages of ICE and through that responsibility has been specifically involved in investing and trading within the energy sector and carbon markets.
Among the top utilities, Southern Company's 4.2% dividend yield beats the peer average of 3%. However, PPL's yield is 5.6% and Dominion Energy yields 4.8%.
ATLANTA, Sept. 12, 2019 /PRNewswire/ -- As high temperatures in Georgia continue in the 90s, Georgia Power offers its top 10 tips to help customers keep their homes cool and reduce the impact of the hot weather on power bills. Georgia Power offers tips, tools and resources that can help all customers save money and energy during the heat of summer, and throughout the year. Hundreds of easy energy tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save.
ATLANTA, Sept. 12, 2019 /PRNewswire/ -- Georgia Power has elected Kelly L. Loeffler to the company's board of directors, effective October 1, 2019. Loeffler is CEO of the Atlanta-headquartered Bakkt, a subsidiary of the Intercontinental Exchange (ICE). As CEO, Loeffler is responsible for establishing the strategy and team, as well as the regulatory, financial and operational performance of the company.
ATLANTA, Sept. 11, 2019 /PRNewswire/ -- Georgia Power and the City of Peachtree Corners are celebrating the opening of the Curiosity Lab, a 1.5-mile intelligent mobility and smart city laboratory. The one-of-a-kind facility will offer a unique opportunity for testing to be done in a 5G and Internet of Things (IoT) environment that includes interaction with real-world vehicular and pedestrian traffic.
ATLANTA, Sept. 11, 2019 /PRNewswire/ -- With Georgia experiencing its 73rd day of temperatures above 90 degrees this year, Georgia Power urges customers to act to minimize the impact of higher temperatures and increased energy use on electric bills. The company is committed to providing information and choices that give customers the options they need to reduce energy use and save money every day. Georgia Power offers efficiency tips, tools and this cost-comparison guide that can help all customers save money and energy throughout the year.
Weather forecast calls for temperatures remaining in the 90's through the week, company offers programs to help customers in need pay or reduce their monthly energy bill ATLANTA , Sept. 10, 2019 /PRNewswire/ ...
ATLANTA, Sept. 9, 2019 /PRNewswire/ -- With Georgia experiencing its 72nd day of temperatures above 90 degrees since May and the forecast calling for temperatures to remain in the 90's through the week, Georgia Power encourages customers to take action to minimize the impact of higher temperatures and increased energy use on electric bills. The company provides information and energy efficiency programs that help give customers the options they need to reduce energy use and save money every day. Conduct a free, online energy checkup – Take a quick and easy online energy checkup that provides a customized energy usage report and ways to save money.
ATLANTA, Sept. 6, 2019 /PRNewswire/ -- With temperatures across Georgia expected to climb above 90 degrees through the end of next week, Georgia Power is reminding customers to review their current rate plan and select the one that best fits their lifestyle. The company is committed to providing options and information that puts customers in control of their budget and power usage. Georgia Power offers a variety of flexible and customizable rate plans to minimize the impact of higher temperatures and increased energy use on electric bills.
EVP, Chief Legal Officer & CCO of Southern Co (30-Year Financial, Insider Trades) Ii James Y Kerr, (insider trades) sold 25,000 shares of SO on 09/04/2019 at an average price of $60.16 a share. Continue reading...
[Editor's note: "6 Safe Dividend Stocks to Buy Now" was previously published in June 2019. It has since been updated to include the most relevant information available.] From continuing concerns about the China-U.S. trade war to worries about the yield curve inversion, the stock market still faces many steep risks.America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and there's always volatility lurking somewhere.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdd it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on those stocks as well. * 7 Stocks to Buy In a Flat Market That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Diageo (DEO)Dividend Yield: 2.00%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others. Source: Puamella via Flickr (Modified)DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K. and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Campbell Soup (CPB)Dividend Yield: 3.1%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.Source: Shutterstock That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 Stocks to Buy In a Flat Market Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup as much. Shares are down from $50 in 2017 to $45 now. PacWest Bancorp (PACW)Dividend Yield: 7.15%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.Source: Shutterstock That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a more-than 7% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $4 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 8.7 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 8.61%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 8.61%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually. NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 Stocks to Buy In a Flat Market The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Southern Co (SO)Dividend Yield: 4.13%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Source: Desiree Kane via FlickrSouthern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding more than 4%.Its high yield is in large part, it seems, due to interest rates having gone up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Exxon Mobil (XOM)Dividend Yield: 5%Speaking of things people use in good times and bad, gasoline ranks pretty high on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.Source: Mike Mozart via Flickr (Modified)The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting name in a high-growth market. But at 16.7 times earnings and paying a 4% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.
Utilities stayed strong as broader markets closed sharply down yesterday. The Utilities Select Sector SPDR ETF soared as investors turned to defensives.
Company is mobilizing teams to respond to any potential outages Resources from Alabama and Mississippi stand ready to assist ATLANTA , Sept. 4, 2019 /PRNewswire/ -- As Hurricane Dorian continues to move ...
BURLINGAME, Calif., Sept. 04, 2019 -- Sentient Energy, Inc., a leading provider of advanced grid monitoring and analytics for electric utilities, today announced that they have.
ATLANTA, Sept. 3, 2019 /PRNewswire/ -- With Hurricane Dorian expected to bring heavy rains and high winds to coastal Georgia this week, Georgia Power is monitoring the changing weather around the clock, preparing to mobilize crews to respond to any service interruptions that may occur. The company also continues to coordinate with state and local emergency partners, including the Georgia Emergency Management Agency and the National Weather Service. Georgia Power serves more than 250,000 customers in the current hurricane and tropical storm watch areas along the Georgia coast.
During the first half of 2019, the U.S. wind industry successfully installed 1,577megawatts (MW) of new wind power capacity, reflecting a 53% increase over the first half of 2018.
Dorian is expected to hamper the smooth flow of electricity in Florida. Utilities like Duke Energy (DUK) and NextEra (NEE) are doing their best to restore power in the event of an outage.
ATLANTA, Aug. 30, 2019 /PRNewswire/ -- The target in-service dates for Georgia Power's Vogtle 3 & 4 nuclear expansion project near Waynesboro, Ga., remain unchanged at November 2021 for Unit 3 and November 2022 for Unit 4, the company announced today in its project update filed with the Georgia Public Service Commission (PSC). Georgia Power filed today its combined 20th and 21st Vogtle Construction Monitoring (VCM) Report for the period July 1, 2018 through June 30, 2019, with the PSC. Recently, the site completed a major step in the Integrated Flush process by successfully testing a portion of the Spent Fuel Pool Cooling System (SFS), a key safety component for Vogtle Unit 3.