|Bid||52.87 x 800|
|Ask||53.24 x 800|
|Day's Range||52.67 - 53.43|
|52 Week Range||41.96 - 71.10|
|Beta (5Y Monthly)||0.44|
|PE Ratio (TTM)||15.85|
|Earnings Date||Jul 29, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||2.56 (4.85%)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||61.00|
Moody's Investors Service has affirmed the Baa3 rating for Municipal Electric Authority of Georgia's (MEAG Power) Plant Vogtle Units 3&4 Project J Bonds, affecting approximately $1.97 billion of outstanding rated debt. Concurrent with the rating affirmation, Moody's has changed the outlook for MEAG Power Project J Bonds to positive from negative.
As the largest non-governmental provider of recreation facilities in the state, Georgia Power is reminding customers and vacationers if they are planning to head out to company lakes and waterways for the upcoming July 4th holiday weekend, to be sure to follow guidelines on social distancing, facial coverings and group-size as advised by the Centers for Disease Control and Prevention and the Georgia Department of Public Health.
Southern Company Gas has announced that Melvin D. Williams, president of Nicor Gas and senior vice president of Southern Company Gas will retire, effective Sept. 1.
Southern Company (SO) affiliate, which acquired the Reading wind project in August 2018 from developer Renewable Energy Systems Ltd, is the 11th wind park in Southern Power's portfolio.
Proposals by the Climate Action 100+ investor signatories calling on major oil and electric power companies, including Chevron and rivals, to disclose lobbying activities and improve governance on climate change earned record support during the latest shareholder proxy season.
Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 200-megawatt (MW) Reading Wind Facility in Osage and Lyon Counties, Kansas, is now operational.
Southern Company today combined the leadership of three of its businesses – Southern Power, PowerSecure and Southern Holdings – under one CEO to optimize the needs of large commercial, industrial and municipal customers across the country. The company named Chris Cummiskey to the new position of Group CEO for Southern Energy Resources, and executive vice president of Southern Company Services Commercial Development.
Southern Company Gas has named Bryan Batson executive vice president of external affairs and chief external and public affairs officer, following eight years of service as president of its subsidiaries Atlanta Gas Light and Chattanooga Gas. Pedro Cherry, currently executive vice president of customer service and operations at Southern Company Gas' sister company Georgia Power, will succeed Batson as president and CEO of Atlanta Gas Light and Chattanooga Gas. Both changes will be effective Aug. 1.
Georgia Power announced today several executive leadership moves and organization realignments. As the company continues to focus on investing in Georgia's energy future, it is also continuously evolving to meet the changing needs of customers while delivering clean, safe, reliable, affordable energy to 2.6 million customers throughout the state.
Dominion Energy Inc asked U.S. energy regulators for two more years to complete the long-delayed $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which the company now expects to enter service in early 2022. The U.S. Federal Energy Regulatory Commission (FERC) approved Dominion's request to build Atlantic Coast in October 2017, authorizing the company to complete the project by October 2020. Atlantic Coast, the nation's most expensive gas pipe, is one of several projects delayed in recent years by state opposition and local and environmental legal and regulatory battles.
Southern Company Gas has appointed Executive Vice President and Chief External and Public Affairs Officer John O. Hudson, III to a new role as president and CEO of Nicor Gas, the largest natural gas distribution company in the state of Illinois. Hudson will succeed Melvin D. Williams, who has announced plans to retire, effective September 1.
Southern Company Gas announced three new leadership positions and the creation of two new departments, Sustainability & Innovation and Renewable Natural Gas (RNG), to support the company's continued commitment to addressing climate change and reinforce the importance of natural gas in a sustainable energy future.
Georgia Power is offering a special payment plan to help customers with past-due account balances accumulated during the COVID-19 pandemic. Customers who enroll will be able to pay past-due balances over a six-month timeframe between October 2020 and March 2021 with no late fees.
At a time when investors are looking for stocks that have lagged the stock market’s historic rebound rally since late March, utilities offer a laggard theme with a strong dividend.
The National Weather Service (NWS) in Peachtree City has recognized Georgia Power as a StormReady Supporter, a designation that highlights the company as a partner organization actively engaged in weather safety, storm preparedness and response planning. As a StormReady Supporter, Georgia Power meets the National Weather Service's comprehensive requirements that include having a dedicated team and tools to monitor the potential for severe weather and an action plan to effectively communicate with customers and employees tips and resources to remain safe before, during and after a storm.
Southern Company (SO) unit plans to purchase 640 MW of surplus capacity comprising combined-cycle power mechanism besides solar energy generation and battery energy storage systems.
In May, Southern Company (SO) unit Georgia Power places the final module on Plant Vogtle Unit 3, taking a giant stride toward completing the nuclear power project.
Atlanta Gas Light is inviting the public to join its efforts to help curb the escalation of food insecurity in communities due to the effects of the COVID-19 pandemic. The company is partnering with local agencies to collect food donations in 14 communities across the state.
Georgia Power, along with a coalition of leading Georgia businesses, have signed a letter asking the Georgia General Assembly to support, approve and sign into law a comprehensive, specific and clear bill against hate crimes.
(Bloomberg) -- Southern Co.’s long-troubled project to expand its Vogtle nuclear plant in Georgia is “highly unlikely” to meet state deadlines and is apt to face additional budget overruns, according to a local monitor.The company is no longer on pace to complete the two reactors by November 2021 and November 2022 deadlines approved by the Georgia Public Service Commission, Don Grace, a vice president of engineering for the Vogtle Monitoring Group, said in filed testimony. He also estimated that the project’s cost would exceeded its current $17.1 billion target.It would be yet another blow for the Vogtle expansion, which began in 2009, has already doubled in price and is running more than five years behind schedule. The monitoring group’s analysis doesn’t even take into account the impact of the coronavirus. It was completed in mid-March, before Southern and its partners slashed the workforce by 20% in April after dozens fell ill.Read More: Southern Slashes Workforce at Nuclear Project Amid OutbreakJeff Wilson, a spokesperson for Southern’s Georgia Power unit, said Vogtle remains on schedule and at budget. Southern shares rose 0.9% at 9:49 a.m. in New York.“The project is continuing its strategy of utilizing an aggressive site work plan as a tool to help us achieve the November regulatory-approved dates,” Wilson said in an email. “The total project capital cost forecast remains unchanged.”Yet the monitoring group said Southern’s strategy to speed up testing before finishing much of the construction at the plant led to inefficiency and higher costs, according to the report. The company “erroneously concluded that deviation from normal industry practice would shorten the schedule,” Grace said.The staff of Georgia Public Service Commission also disputes more than $1.2 billion in costs that Southern plans to pass along to customers immediately after the completion of Unit 3 of the project, according to separate filed testimony. The utility wants to start recouping $2.3 billion of costs in rates in the month after Unit 3 begins operation.Shares of Southern are down about 8% this year, compared to the S&P 500 Utility Index’s 5.8% decline.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.