|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||43.84 - 44.29|
|52 Week Range||42.38 - 53.51|
|PE Ratio (TTM)||52.61|
|Earnings Date||May 1, 2018 - May 7, 2018|
|Forward Dividend & Yield||2.32 (5.28%)|
|1y Target Est||46.00|
ATLANTA, March 13, 2018 /PRNewswire/ -- Georgia Power has added 970 MW* of solar capacity in Georgia in recent years and plans to continue this renewable energy growth throughout 2018. A national leader in developing cost-effective renewable energy resources to serve customers, the company works with the Georgia Public Service Commission (PSC) to introduce new renewable programs, products and services to benefit all customers. Most recently under these programs, Georgia Power awarded power purchase agreements (PPAs) for 510 MW of new solar projects to be built as part of the company's Renewable Energy Development Initiative (REDI).
On average, utilities (XLU) are expected to increase their dividend per share 4%–6% for the next few years—in line with their earnings growth. Interestingly, NextEra Energy’s (NEE) above average dividend growth is expected to continue for the next few years—mainly because of its higher earnings growth. NextEra Energy is aiming for annual dividend growth of ~13% for the next few years.
U.S. tax reform is going to result in generating savings of around $1.2 billion for Southern Company's (SO) subsidiary, Georgia Power's customers.
"Developing the Smart Neighborhood is just one of the ways that we are staying at the forefront of emerging technology while ensuring that we are prepared to continue to meet our customers' changing energy needs," said Pedro Cherry, executive vice president of customer service and operations for Georgia Power.
Civic leaders in town after town along the 600-mile (966-kilometer) route of a proposed natural gas project have posed for similar photographs, smiling and accepting poster-sized checks from the Atlantic ...
ATLANTA, March 7, 2018 /PRNewswire/ -- Georgia Power announced today the latest construction milestone at the Vogtle nuclear expansion near Waynesboro, Georgia – a 13-plus hour continuous concrete placement for the Unit 4 "turbine tabletop." The turbine tabletop is 10 feet thick and comprised of approximately 2,400 cubic yards, or 250 individual concrete trucks, of self-consolidating concrete. The tabletop serves as a pedestal for the Unit 4 generator and turbines and is designed to support the weight of the heavy components. With this milestone, more than 550,000 total cubic yards of concrete have been placed at the construction site to date. Georgia Power recently filed the 18th Vogtle Construction Monitoring (VCM) Report with the Georgia Public Service Commission (PSC) highlighting additional progress at the site through the end of 2017.
ATLANTA, March 6, 2018 /PRNewswire/ -- Georgia Power has completed an assessment of the impact of the Tax Cuts and Jobs Act for the company – including approximately $1.2 billion in benefits for customers. $330 million in direct credits to customers as a result of lower federal income tax rates over the next two years and approximately $700 million in future benefits to be addressed in the company's next base rate case in 2019, which also includes the benefits of last week's reduction in state of Georgia income tax rates. If approved by the Georgia PSC, the typical residential customer using an average of 1,000 kilowatt-hours per month could receive approximately $70 in refunds over the two-year period.
BIRMINGHAM, Ala., March 6, 2018 /PRNewswire/ -- On Sunday, March 4, at 11:29 a.m. ET, operators at the Edwin I. Hatch Nuclear Plant safely returned Unit 1 to service following a planned refueling and maintenance outage that began Feb. 4 at 9:28 p.m. ET. During the outage, in collaboration with Global Nuclear Fuel, Plant Hatch installed accident tolerant fuel test assemblies developed by the U.S. Department of Energy. "We were thrilled to install the new test assemblies at Plant Hatch," said John Williams, Southern Nuclear nuclear fuel director.
Alabama Power Co. is facing a proposed fine from the Alabama Department of Environmental Management over discharges at coal-fired power plants, but the utility said actions were already underway to address the issue. ADEM proposed an order fining Alabama Power a total of $1.25 million for five coal-fired power plants where ADEM claims ash ponds were found to be in violation of Alabama's clean water laws. The agency also submitted a proposal that one of PowerSouth Energy Cooperative' coal-fired power plants be fined $250,000 for the same violation.
ATLANTA, March 2, 2018 /PRNewswire/ -- March is Get Georgia Reading Month and Georgia Power is highlighting the importance of literacy with company education coordinators reading in classrooms to students across the state. Georgia Power representatives are in classrooms every schoolyear as part of the company's signature energy education program Learning Power. The Learning Power program places education coordinators in schools to provide customized curriculums and materials at no cost with lessons focused on science, engineering, technology and math (STEM) that involve hands-on activities highlighting energy basics such as simple circuits and energy efficiency.
ATLANTA, March 2, 2018 /PRNewswire/ -- Georgia Power announced today continued progress in the company's efforts to safely and permanently close 29 ash ponds at 11 current and former coal-fired power plants across the state. The company initiated ash pond closure preparation and construction activities in early 2016 with a commitment to being protective of the state's waterways. As of March 2018, Georgia Power has completed closure construction activities and removed all ash from five ash ponds at Plants Branch, Kraft, McDonough and Yates.