Southern Company
Company Summary
Description
Southern Company is an American electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the 16th largest utility company in the world and the fourth largest in the U.S. Through its subsidiaries it owns and operates more than 42,000 megawatts of generation capacity and serves 4.4 million customers in Alabama, Georgia, Florida, and Mississippi. Southern Company’s regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines. Southern Company owns the following companies: Alabama Power - operating company, based in Birmingham. Serves the southern two-thirds of Alabama. Georgia Power - flagship operating company, based in Atlanta. Serves all of Georgia, except four mostly rural counties. Gulf Power - operating company, based in Pensacola, Florida. Serves most of the Florida Panhandle. Mississippi Power - operating company, based in Gulfport. Serves the Mississippi Gulf Coast. Southern Company Services - (originally named Southern Services, Inc.) - Birmingham, Alabama - Common Services SouthernLINC Wireless - Cellular Telephone Provider - Atlanta, Georgia Southern Nuclear - Engineering and Operations for Nuclear Power Plants - Birmingham, Alabama - (Southern Company is the majority owner and operator of the Farley, Hatch, and Vogtle nuclear power plants.) Southern Company Generation - Fossil and Hydro Operations - Birmingham, Alabama Southern Power - Wholesale Generation - Atlanta, Georgia Southern Telecom - Wholesale Fiber Optic Communications and Data Services - Atlanta, GeorgiaWebsite
http://www.southerncompany.com/Financial Data:
NYSE:SO from Google FinanceTickers:
-
SO - New York Stock Exchange
Related Entities
Firm Transport Commitments
Project: Atlantic Sunrise Pipeline
Firm Commitment: 60,000 Dth/d
Project: Fairburn Expansion Project
Firm Commitment: 325,000 Dth/d
Recent news
- 4/29/2024 - Georgia Power Officially... (subscriber access)
- 6/21/2023 - Nicor Gas Recording a... (subscriber access)
- 6/20/2023 - Georgia Power Delays... (subscriber access)
- 4/28/2023 - Southern Company Issues... (subscriber access)
- 4/26/2023 - Chattanooga Gas Seeking... (subscriber access)
Investor Presentations
- 4Q22 Earnings Presentation
- 3Q22 Earnings Presentation (subscriber access)
- 1Q20 Earnings Presentation (subscriber access)
- 4Q18 Earnings Presentation (subscriber access)
- 3Q18 Investor Presentation (subscriber access)
- 3Q17 Earnings Call (subscriber access)
Company Transactions
Date: 6/30/2020
Type: Acquisition
REGIONS:
Southeast
Date: 2/12/2020
Type: Acquisition
BUYERS:
Dominion Energy Inc.
SELLERS:
Southern Company
PROJECTS:
Atlantic Coast Pipeline
DETAILS:
COST: 175 $MM
NOTES:
Southern Company has sold off its equity position in the Atlantic Coast Pipeline to Dominion for $175 million as project cost estimates top $8 billion. The project is now co-owned by Dominion (53%) and Duke Energy (47%.)
Southern Company has sold off its equity position in the Atlantic Coast Pipeline to Dominion for $175 million as project cost estimates top $8 billion. The project is now co-owned by Dominion (53%) and Duke Energy (47%.)
REGIONS:
Appalachia
Date: 6/30/2019
Type: Acquisition
REGIONS:
Midwest
Date: 12/4/2018
Type: Acquisition
BUYERS:
NextEra Energy Inc.
DETAILS:
COST: 6.475 $B
REGIONS:
Southeast
Date: 1/30/2018
Type: Acquisition
BUYERS:
Southern Company
SELLERS:
Recurrent Energy
PROJECTS:
Gaskell West 1 Solar Farm
DETAILS:
VOLUMES: 28 MWh
REGIONS:
West
Date: 11/17/2016
Type: Acquisition
BUYERS:
Southern Power
Southern Company
SELLERS:
SunPower Corporation
PROJECTS:
Boulder Solar I Facility
DETAILS:
VOLUMES: 100 MW
NOTES:
Southern Company has reported that it reached an agreement with SunPower to acquire a controlling interest in the 100-MW Boulder Solar I Facility in Nevada.
Southern Company has reported that it reached an agreement with SunPower to acquire a controlling interest in the 100-MW Boulder Solar I Facility in Nevada.
Date: 7/1/2016
Type: Merger
REGIONS:
United States
Date: 5/9/2016
Type: Acquisition
REGIONS:
United States
News & Press Releases
Criterion News
- 4/29/2024 - Georgia Power Officially... (subscriber access)
- 6/21/2023 - Nicor Gas Recording a... (subscriber access)
- 6/20/2023 - Georgia Power Delays... (subscriber access)
- 4/28/2023 - Southern Company Issues... (subscriber access)
- 4/26/2023 - Chattanooga Gas Seeking... (subscriber access)
- 2/23/2023 - Southern Company... (subscriber access)
- 2/16/2023 - Southern Co. Expects... (subscriber access)
- 2/16/2023 - Southern Co. Notes... (subscriber access)
- 2/16/2023 - Southern Company... (subscriber access)
- 2/16/2023 - Southern Company Delays... (subscriber access)
- 1/12/2023 - Vogtle Nuclear Unit 3... (subscriber access)
- 12/19/2022 - Caliche Development... (subscriber access)
- 10/28/2022 - Southern Company Notes... (subscriber access)
- 10/28/2022 - Southern Company Reduces... (subscriber access)
- 10/28/2022 - Southern Company... (subscriber access)
- 7/28/2022 - Southern Company Issues... (subscriber access)
- 11/15/2021 - Southern Company Makes... (subscriber access)
- 8/13/2021 - Southern Company Spins... (subscriber access)
- 7/29/2021 - Southern Company... (subscriber access)
- 5/24/2021 - Southern Company Delays... (subscriber access)
- 2/18/2021 - Southern Company CEO... (subscriber access)
- 2/5/2021 - Southern Power Adds Two... (subscriber access)
- 1/26/2021 - Georgia Power Begins... (subscriber access)
- 1/12/2021 - Georgia Power Adjust... (subscriber access)
- 12/14/2020 - Georgia Power Sets... (subscriber access)
- 12/4/2020 - Alabama Power Selects... (subscriber access)
- 10/23/2020 - Vogtle Nuclear Unit 3 -... (subscriber access)
- 10/19/2020 - Georgia Power Completes... (subscriber access)
- 9/25/2020 - Southern Company Also... (subscriber access)
- 6/10/2020 - Alabama PSC Approves... (subscriber access)
Press Releases
- Feb. 1 - Family Preparedness - A well-built kit should contain enough supplies to get you and your family through three days without electricity or running water.
- Feb. 2 - Thunderstorm Safety - Downed trees are usually the cause of an outage after a storm. Never attempt to pull tree limbs off wires yourself.
- Feb 3 - Tornado Safety - The safest place in your home is the lowest level – the basement. If you don't have a basement, choose a small room away from windows, like a closet, hallway or bathroom. If your safest room is a first-floor bathroom, get in the tub and hold a mattress or cushions over your head for protection.
- Feb. 4 - Lightning Safety - Seek shelter inside away from doors and windows. Avoid electronic equipment of all types, including land line phones, as lightning can travel through electrical systems. Avoid indoor water use during a thunderstorm. Lightning can travel through plumbing.
- Feb. 5 - Flooding - Never attempt to walk or drive through flood waters. Water may appear shallow, but flooding can wash out deep holes or sweep people away. Downed wires can also be submerged in water or mud.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, and family plan. Unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Customers should call 911 or Georgia Power immediately if they see a fallen or low-hanging power line.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates and more.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Non-discrimination policies across business entities;
- Equitable benefits for LGBTQ workers and their families;
- Supporting an inclusive culture and corporate social responsibility; and
- Corporate social responsibility.
- Unit 3 Nuclear Fuel Receipt – With the receipt of the first nuclear fuel assemblies in December, the site is preparing for the last major test remaining for Unit 3, hot functional testing, ahead of initial fuel load.
- Unit 3 Condenser Vacuum Test – The test was conducted with the main turbine on turning gear and by operating supporting systems to establish the condenser vacuum, which is necessary to demonstrate the steam supply and water-cooling systems operate together and are ready to support hot functional testing and initial fuel load in the reactor.
- Completion of Unit 3 Cold Hydro Testing – Confirmed the reactor's coolant system functions as designed and verified the welds, joints, pipes and other components of the coolant system and associated high-pressure systems do not leak when under pressure.
- Emergency Preparedness Drill – Vogtle 3 & 4 completed a required emergency preparedness exercise for a simulated emergency event for Vogtle Unit 3. Teams participated in the simulation and demonstrated their ability to effectively and efficiently respond and protect the health and safety of the public.
- Approximately 700 broken or damaged power poles
- Nearly 200 miles of downed wire
- More than 250 damaged transformers
- Approximately 822,000 sustained outages at response peak
- Before a Storm: Know your risks of flooding. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates and more.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- LED Light Bulbs
- Single Pack Heat Shrink Wrap Window Kit
- Switch & Outlet Gaskets
- Furnace Filter
- Caulk Gun & 100% Silicone Clear Caulk
- V-Seal Weather Strip
- Foam Tape for Windows
- Pipe Insulation Wrap
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units ahead of cold weather by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house and save up to $100 a year in energy costs.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls to help save energy 24/7.
- Unit 4 Shield Building Roof Placement - The two-million-pound roof of the Unit 4 shield building has been set into place. With this placement, there is now one last major crane lift remaining for Unit 4, the CB-20 module, which is part of the AP1000 reactor's advanced passive safety system.
- Unit 3 Nuclear Fuel Receipt –With the receipt of the first nuclear fuel assemblies in December, the site is preparing for the last major test remaining for Unit 3, hot functional testing, ahead of initial fuel load.
- Completion of Unit 3 Cold Hydro Testing – Confirmed the reactor's coolant system functions as designed and verified the welds, joints, pipes and other components of the coolant system and associated high-pressure systems do not leak when under pressure.
- Emergency Preparedness Drill – Vogtle 3 & 4 completed a required emergency preparedness exercise for a simulated emergency event for Vogtle Unit 3. Teams participated in the simulation and demonstrated their ability to effectively and efficiently respond and protect the health and safety of the public.
- Vogtle 3 & 4 Operators Receive Licenses – The Nuclear Regulatory Commission (NRC) issued the first operator licenses to 62 Reactor and Senior Reactor Operators for Vogtle 3 & 4. To receive a nuclear operator license from the NRC, license holders must demonstrate they possess the required knowledge, skills and abilities to safely and effectively operate the plant.
- Completion of Closed Vessel Testing – The completion of this milestone prepared Unit 3 for cold hydro testing. Closed vessel testing verified the pipes and valves in the Unit 3 reactor coolant system were installed as designed and helped ensure safety systems function properly.
- Completion of the Structural Integrity Test and Integrated Leak Rate Test – Both tests were completed in succession for Unit 3 and demonstrated the containment vessel meets construction quality and design requirements.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signified that all major lifts inside the containment vessels for both units are complete.
- Completion of Cold Hydro Testing for Unit 3 – Confirmed the reactor's coolant system functions as designed and verified the welds, joints, pipes and other components of the coolant system and associated high-pressure systems do not leak when under pressure.
- Emergency Preparedness Drill – Vogtle 3 & 4 completed a required emergency preparedness exercise for a simulated emergency event for Vogtle Unit 3. Teams participated in the simulation and demonstrated their ability to effectively and efficiently respond and protect the health and safety of the public.
- Vogtle 3 & 4 Operators Receive Licenses – The Nuclear Regulatory Commission (NRC) issued the first operator licenses to 62 Reactor and Senior Reactor Operators for Vogtle 3 & 4. To receive a nuclear operator license from the NRC, license holders must demonstrate they possess the required knowledge, skills and abilities to safely and effectively operate the plant.
- Completion of Closed Vessel Testing – The completion of this milestone prepared Unit 3 for cold hydro testing. Closed vessel testing verified the pipes and valves in the Unit 3 reactor coolant system were installed as designed and helped ensure safety systems function properly.
- Completion of the Structural Integrity Test and Integrated Leak Rate Test – Both tests were completed in succession and demonstrated the Unit 3 containment vessel meets construction quality and design requirements.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signified that all major lifts inside the containment vessels for both units are complete.
- Completion of Cold Hydro Testing for Unit 3 – Confirmed the reactor's coolant system functions as designed and verified the welds, joints, pipes and other components of the coolant system and associated high-pressure systems do not leak when under pressure.
- Emergency Preparedness Drill – Vogtle 3 & 4 completed a required emergency preparedness exercise for a simulated emergency event for Vogtle Unit 3. Teams participated in the simulation and demonstrated their ability to effectively and efficiently respond and protect the health and safety of the public.
- Vogtle 3 & 4 Operators Receive Licenses – The Nuclear Regulatory Commission (NRC) issued the first operator licenses to 62 Reactor and Senior Reactor Operators for Vogtle 3 & 4. To receive a nuclear operator license from the NRC, license holders must demonstrate they possess the required knowledge, skills and abilities to safely and effectively operate the plant.
- Completion of Closed Vessel Testing – The completion of this milestone prepared Unit 3 for cold hydro testing. Closed vessel testing verified the pipes and valves in the Unit 3 reactor coolant system were installed as designed and helped ensure safety systems function properly.
- Completion of the Structural Integrity Test and Integrated Leak Rate Test – Both tests were completed in succession and demonstrated the Unit 3 containment vessel meets construction quality and design requirements.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signified that all major lifts inside the containment vessels for both units are complete.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Make plans for vulnerable family members who might have difficulty in a power outage. Turn off large appliances as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- If an account becomes past due, Georgia Power will contact the customer via a pre-recorded message to the primary account telephone number or by letter requesting that the customer call to discuss the account.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, the customer should hang up and contact the company's customer service line at 888-660-5890. As scammers have tried to promote the use of fraudulent 800 numbers, customers should always check to make sure they are calling the correct Georgia Power customer service line at 888-660-5890, which can be verified at www.GeorgiaPower.com/ContactUs.
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If an employee needs to visit a customer's home or business for a service-related issue, they will be in uniform and present a badge with a photo, their name and the company's name and logo. They will also be in a vehicle marked with the company's logo.
- Over 700 broken poles
- More than 3,400 spans of wire down (nearly 200 miles of wire)
- More than 250 damaged transformers
- Hardest hit areas included the Atlanta area and North Georgia (including Clayton, Dalton, Gainesville, Rome, Carrollton and Cartersville)
- Power has been restored to more than 806,000 Georgia Power customers across the state.
- There are approximately 1,000 Georgia Power customers currently without power with company personnel working to restore power as safely and quickly as possible.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Over 700 broken poles
- More than 3,400 spans of wire down
- More than 250 damaged transformers
- Hardest hit areas include the Atlanta area and North Georgia (including Clayton, Dalton, Gainesville, Rome, Carrollton and Cartersville)
- Power has been restored to approximately 798,000 Georgia Power customers across the state.
- There are approximately 10,000 Georgia Power customers currently without power.
- Approximately 1,100 cases of individual damage or trouble.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Over 600 broken poles
- More than 1,800 spans of wire down
- More than 240 damaged transformers
- Hardest hit areas include the Atlanta area and North Georgia (including Clayton, Dalton, Gainesville, Rome, Carrollton and Cartersville)
- Power has been restored to approximately 785,000 Georgia Power customers across the state.
- There are approximately 25,000 Georgia Power customers currently without power.
- Approximately 1,900 cases of individual damage or trouble.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Over 600 broken poles
- More than 1,800 spans of wire down
- More than 240 damaged transformers
- Hardest hit areas include the Atlanta area and North Georgia (including Clayton, Dalton, Gainesville, Rome, Carrollton and Cartersville)
- Power has been restored to more than 750,000 Georgia Power customers across the state.
- There are approximately 55,000 Georgia Power customers currently without power.
- Approximately 2,500 cases of individual damage or trouble.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Over 600 broken poles
- More than 1,800 spans of wire down
- More than 240 damaged transformers
- Hardest hit areas include the Atlanta area and North Georgia (including Clayton, Dalton, Gainesville, Rome, Carrollton and Cartersville)
- Power has been restored to more than 700,000 Georgia Power customers across the state.
- There are approximately 68,000 Georgia Power customers currently without power.
- Approximately 3,000 cases of individual damage or trouble.
- Damage and outages are widespread and across the northern half of the state.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Power has been restored to more than 700,000 Georgia Power customers across the state.
- There are approximately 78,000 Georgia Power customers currently without power.
- Approximately 3,200 cases of individual damage or trouble.
- Damage and outages are widespread and across the northern half of the state.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Over 500 broken poles
- More than 1,600 spans of wire down
- More than 120 damaged transformers
- Hardest hit areas include the Atlanta area, Northeast (including Gainesville, Toccoa, Cornelia, and Northwest (including Rome, Carrollton and Cartersville)
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Power has been restored to nearly 741,000 Georgia Power customers across the state.
- There are approximately 129,000 Georgia Power customers currently without power.
- Approximately 3,500 cases of individual damage or trouble.
- Damage and outages are widespread and across the northern half of the state.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Power has been restored to nearly 675,000 Georgia Power customers across the state.
- There are approximately 180,000 Georgia Power customers currently without power.
- Approximately 4,000 cases of individual damage or trouble.
- Damage and outages are widespread and across much of the state.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Power has been restored to nearly 490,000 Georgia Power customers across the state.
- There are approximately 280,000 Georgia Power customers currently without power.
- Approximately 4,000 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across much of the state.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus
- Power has been restored to more than 280,000 Georgia Power customers across the state.
- There are approximately 417,000 Georgia Power customers currently without power.
- Approximately 4,200 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the northern and middle parts of the state.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Protect electronics and appliances. Disconnect or turn off any appliances that will start automatically when power returns to avoid overloading circuits when power is restored.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page https://georgiapower.com/in-your-community/storm-center/before/prepare-hurricane.cshtmlfor information on how to build a family emergency plan and emergency supply kit.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- As of 7 a.m. Thursday, there are more than 550,000 customers without power in Georgia and more than 3,500 individual cases of damage (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread across the state.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Before a Storm: Know your risks of flooding and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Have several ways to receive emergency notifications and weather updates. If your area is under an evacuation order, follow safety orders from local officials immediately.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: At www.georgiapower.com/storm, customers can sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Start of hot functional test: January 2021
- Fuel load: April 2021
- In-service: Third quarter 2021
- Completion of Closed Vessel Testing for Unit 3 – The completion of this milestone prepares Unit 3 for cold hydro testing, which is required ahead of initial fuel load. Closed Vessel Testing verifies the pipes and valves in the Unit 3 reactor coolant system were installed as designed and helps ensure safety systems function properly.
- Completion of the Structural Integrity Test and Integrated Leak Rate Test – The structural integrity test and integrated leak rate test were completed in succession and demonstrated the containment vessel meets construction quality and design requirements.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- Pay by Day® – Georgia Power's newest rate plan, this innovative option locks in a fixed daily price for electricity over an entire year. This prepaid service plan gives customers the ability to deposit funds into their Georgia Power account with a fixed amount deducted daily, no matter the amount of energy used.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. By using major appliances such as clothes dryers, ovens and dishwashers at different times, you could reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during peak seasonal use in winter and summer.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – This rate plan option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Residential Services – Georgia Power's basic rate plan is available to all residential customers. This plan has a monthly base charge and a rate that changes based on your monthly usage and the time of year.
- Tall Zone (trees 60 feet or higher)
- Medium Zone (trees no taller than 40 feet), and
- Low Zone (trees and shrubs no taller than 25 feet)
- Trees and shrubs in the Low Zone may be planted 15 feet from electric utility wires.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Focus on Fire Prevention – Avoid storing combustibles such as paint, cardboard, sawdust and flammable liquids near electrical equipment or fuse boxes.
- Overloads – Overloaded equipment and circuits can cause insulation to burn, create sparks and leave exposed wires. Don't overload electrical equipment by attempting to do heavier jobs than the equipment can handle.
- Check out Georgia Power's public service announcement, available in both English and Spanish, highlighting several common electrical dangers customers face in their homes.
- Repair Equipment – Shut off all electrical equipment that produces strange sounds, odd smells or sparks and have it checked by a qualified technician. Tag and remove hard-wired equipment from service so that it cannot be accidentally energized while it is being repaired or replaced.
- Extinguishers - Know where the nearest fire extinguishers are and how to use them. Never use water or water-based extinguishers on electrical fires. Only Class C extinguishers are safe to use on energized electrical equipment.
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units ahead of cold weather by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house and save up to $100 a year in energy costs.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls to help save energy 24/7.
- Dry-Handling of Ash: All ash ponds have stopped receiving coal ash.
- Dewatering: Now underway at six plant sites.
- Recycling: More than 85% of currently-produced ash and gypsum is recycled.
- Recycling of Stored Ash: First large-scale beneficial reuse project using stored ash in existing ash ponds underway.
- Groundwater Monitoring Wells: Expanded network now with more than 550 wells to monitor groundwater quality.
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units ahead of cold weather by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house and save up to $100 a year in energy costs.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls to help save energy 24/7.
- Pay by Day® – Georgia Power's newest rate plan, this innovative option locks in a fixed daily price for electricity over an entire year. This prepaid service plan gives customers the ability to deposit funds into their Georgia Power account with a fixed amount deducted daily, no matter the amount of energy used.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. By using major appliances such as clothes dryers, ovens and dishwashers at different times, you could reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during peak seasonal use in winter and summer.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – This rate plan option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Residential Services – Georgia Power's basic rate plan is available to all residential customers. This plan has a monthly base charge and a rate that changes based on your monthly usage and the time of year.
- buying an electric vehicle,
- understanding electric vehicle options,
- charging an electric vehicle,
- charging locations,
- electric transportation news, and
- frequently asked questions.
- Western and coastal Georgia: 8:00 PM
- North DeKalb and north Fulton Counties: 11:30 PM
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Before a Storm: Know your risks of flooding or storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity – appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage or submerged in water or mud.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Before a Storm: Know your risks of flooding or storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity – appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage or submerged in water or mud.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Build an emergency kit - Gather supplies that will last for several days for everyone living in your home. Don't forget to consider the unique needs each person or pet may have in case you have to evacuate quickly. Check out Georgia Power's video about the supplies to collect to build and maintain a robust emergency kit.
- Have an emergency plan - Talk to your friends and family about how you will communicate in an emergency. Make sure to update your plan based on the Centers for Disease Control recommendations due to the coronavirus.
- Understand your risks - Learn more about different threats from potential emergencies around your home and business and plan appropriate responses to them.
- Before a Storm: Know your risks of storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Have several ways to receive emergency notifications and weather updates. If your area is under an evacuation order, follow safety orders from local officials immediately.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that could touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: At www.georgiapower.com/storm, customers can sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- If an account becomes past due, Georgia Power will contact the customer via a pre-recorded message to the primary account telephone number or by letter requesting that the customer call to discuss the account.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, the customer should hang up and contact the company's customer service line at 888-660-5890. As scammers have tried to promote the use of fraudulent 800 numbers, customers should always check to make sure they are calling the correct Georgia Power customer service line at 888-660-5890, which can be verified at www.GeorgiaPower.com/ContactUs.
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If an employee needs to visit a customer's home or business for a service-related issue, they will be in uniform and present a badge with a photo, their name and the company's name and logo. They will also be in a vehicle marked with the company's logo.
- Before a Storm: Know your risks of storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Have several ways to receive emergency notifications and weather updates. If your area is under an evacuation order, follow safety orders from local officials immediately.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: At www.georgiapower.com/storm, customers can sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Tony Smoke has been elected senior vice president of Marketing and Economic Development.
- Myla Calhoun has been named vice president of Birmingham Division.
- Tequila Smith has been elected vice president of Charitable Giving.
- Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
- Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in pools.
- Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
- Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
- Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
- Have a Water Safety Plan – Know what to do during an emergency.
- Wear a Life Jacket – Young or old, and no matter how well you can swim, always wear a life jacket (or other personal flotation device) while on the water.
- CPR Basics – Spend a few minutes learning CPR basics. Knowing the proper way to perform CPR can save a life on the lake, or every day. Classes and basic information is available from the American Red Cross (www.redcross.org/cpr) and the American Heart Association (www.heart.org).
- Unseen Obstacles: For navigation and swimming alike, make sure to recognize that lakes and rivers can produce strong currents, changing and uncertain water depths and hidden natural features just below the surface.
- Watch your Speed – Lakes have speed limits just like roads. Watch for signage and follow the posted instructions.
- Light at Night – Make sure your boat is equipped with proper lighting if you are going to be on the water at night.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Before a Storm: Know your risks of storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Have several ways to receive emergency notifications and weather updates. If your area is under an evacuation order, follow safety orders from local officials immediately.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: At www.georgiapower.com/storm, customers can sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. By using major appliances such as clothes dryers, ovens and dishwashers at different times, you could reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – This rate plan option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Residential Services – Georgia Power's basic rate plan is available to all residential customers. This plan has a monthly base charge and a rate that changes based on your monthly usage and the time of year.
- Set it for the season: Set thermostats to 78 degrees and use fans to keep you feeling cooler. For every degree higher you maintain your thermostat, you can see up to a 3-4% decrease in energy use.
- Feel the flow; free your filters: Clean or change standard air filters monthly. Dirty filters can block airflow, making your system work harder to keep you comfortable. Clear spaces around your air returns and vents to prevent airflow blockage.
- Phase out phantom energy loss: Unplug your electronic devices when not in use and use smart power strips. Consider energy-saving settings, which are often available on newer equipment and appliances.
- Manage your spin cycle: When washing clothes, try to wash and dry full loads only, and in cold water.
- Cool down the kitchen: Use your oven sparingly. Consider cooking options such as the microwave, slow cookers and outdoor grills.
- Fill your fridge: Solids and liquids are easier to cool than air. Try to keep your refrigerator set to the temperature recommended by the manufacturer for optimal performance.
- Keep the heat out: Close your curtains and blinds during peak hours of the day to keep the sun's heat out.
- The Home Energy Improvement Program (HEIP). HEIP educates customers on various improvements as well as provides rebates of 50% of the cost up to $600 per year. Energy and monetary savings from improvements continue for years. The program's Individual Improvement approach allows Georgia Power customers to receive incentives for installing one or more qualifying individual energy efficiency measures, including air sealing, duct sealing, attic insulation and more.
- Georgia Power has also continued offering separate energy efficiency options throughout the pandemic, including rebates for LED lighting and programmable Smart Thermostats.
- Save energy and money by changing a standard light bulb in your home to an ENERGY STAR®-qualified LED bulb. LEDs use up to 90% less energy than standard bulbs and can last up to 15 times longer.
- When used properly, a programmable Smart Thermostat can help you save energy when you're asleep or away from home. Use the thermostat's pre-programmed energy-saving setpoints as a guide for summer, winter and vacation modes. According to ENERGY STAR®, with proper use, programmable thermostats can save about $180 per year in energy costs.
- The Home Energy Improvement Program (HEIP). HEIP educates customers on various improvements as well as provides rebates of 50% of the cost up to $600 per year. Energy and monetary savings from improvements continue for years. The program's Individual Improvement approach allows Georgia Power customers to receive incentives for installing one or more qualifying individual energy efficiency measures, including air sealing, duct sealing, attic insulation and more.
- Georgia Power has also continued offering separate energy efficiency options throughout the pandemic, including rebates for LED lighting and programmable Smart Thermostats.
- Save energy and money by changing a standard light bulb in your home to an ENERGY STAR®-qualified LED bulb. LEDs use up to 90% less energy than standard bulbs and can last up to 15 times longer.
- When used properly, a programmable Smart Thermostat can help you save energy when you're asleep or away from home. Use the thermostat's pre-programmed energy-saving setpoints as a guide for summer, winter and vacation modes. According to ENERGY STAR®, with proper use, programmable thermostats can save about $180 per year in energy costs.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE – Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- United Way – Referrals to assistance programs can be found at United Way, which can be reached by dialing 211 from anywhere within the state.
- St. Vincent de Paul Georgia – St. Vincent de Paul Georgia offers several programs to help those facing hardships. For more information, call 770-458-9607 or visit svdpgeorgia.org.
- H.E.A.T. – H.E.A.T. provides energy assistance as a joint effort between concerned citizens, state and local governments and businesses. To receive help, call 678-406-0212 (option 1) or visit heatga.org/get-help.
- Project SHARE of the Salvation Army - SHARE provides emergency bill-payment assistance to individuals and families facing a temporary crisis that threatens their home. For more information about available assistance call 800-257-4273 or visit salvationarmyatlanta.org/project-share.
- Groundwater quality: Georgia Power stands by the data delivered from the more than 100 groundwater monitoring wells at Plant Scherer, including the 57 directly around the ash pond and landfill. Based on the extensive data collected and reported to the Georgia Environmental Protection Division (EPD), nothing above a state or federal drinking water standard has been shown leaving the company's property. This groundwater monitoring will continue long after the pond at Plant Scherer is closed.
- Closure of the ash pond: The company's ash pond closure plans, including the closure plan at Plant Scherer, fully comply with the federal Coal Combustion Residuals (CCR) rule, as well as the more stringent requirements of Georgia's state CCR rule. Federal and state rules specify two approved methods for closing ash ponds, closure in place and closure by removal, with the Environmental Protection Agency determining both options are safe and protective of the environment.
- Monitoring wells: Third-party professional engineers and geologists direct the appropriate placement of monitoring wells for Georgia Power based on site-specific geology. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis of the wells installed at Plant Scherer. Georgia Power has installed approximately 500 groundwater monitoring wells across the state, including the more than 100 wells at Plant Scherer, going beyond federal and state requirements, to help ensure the company is being protective of lakes, rivers and drinking water. Monitoring is being conducted in compliance with federal and state laws and regulations.
- Fact-based, clear and transparent information: Georgia Power, along with the Plant Scherer co-owners, is and will remain committed to the open communication and transparency of Plant Scherer's operations, ash pond closure plans and groundwater testing results. Georgia Power representatives have met personally with residents as well as state and local officials and have sent additional information directly to Juliette neighbors around Plant Scherer. Additional information can be found at www.GeorgiaPower.com/gwm.
- Before a Storm: Know your risks of storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Completion of the Structural Integrity Test and Integrated Leak Rate Test – The structural integrity test and integrated leak rate test were completed in succession and demonstrated the containment vessel meets construction quality and design requirements.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- For customers enrolled in PrePay: Georgia Power customers who are currently enrolled in this plan and have past-due account balances can make payments for current energy usage with 25 percent of their payments going toward their outstanding balance. No late fees will be charged if outstanding balances are paid before April 2021.
- For customers not enrolled in PrePay: Georgia Power customers with past-due account balances may be eligible to switch to the PrePay rate plan. Customers can take advantage of its special provision for paying outstanding balances with no late fees if paid before April 2021. Customers on PrePay are not charged a deposit.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE – Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel – Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 – This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- Set it for the season: Set thermostats to 78 degrees and use fans to keep you feeling cooler. For every degree higher you maintain your thermostat, you can see up to a 3-4% decrease in energy use.
- Feel the flow; free your filters: Clean or change your air filters monthly. Dirty filters can block airflow, making your system work harder to keep you comfortable. Clear spaces around your air returns and vents to prevent airflow blockage.
- Phase out phantom energy loss: Unplug your electronic devices when not in use and use smart power strips. Consider energy-saving settings, which are often available on newer equipment and appliances.
- Manage your spin cycle: When washing clothes, try to wash and dry full loads only, and in cold water.
- Cool down the kitchen: Use your oven sparingly. Consider cooking options such as the microwave, slow cookers and outdoor grills.
- Fill your fridge: Solids and liquids are easier to cool than air. Try to keep your refrigerator set to the temperature recommended by the manufacturer for optimal performance.
- Keep the heat out: Close your curtains and blinds during peak hours of the day to keep the sun's heat out.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE – Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- For customers enrolled in PrePay: Georgia Power customers who are currently enrolled in this plan and have past-due account balances can make payments for current energy usage and have a portion of their payments (25 percent) go toward their outstanding balance. No late fees will be charged if outstanding balances are paid before April 2021.
- For customers not enrolled in PrePay: Georgia Power customers with past-due account balances may be eligible to switch to the PrePay rate plan. Customers can sign up by July 15 to take advantage of its special provision for paying outstanding balances with no late fees if paid before April 2021. Customers on PrePay are not charged a deposit.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE – Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- Wear a Life Jacket – Young or old, and no matter how well you can swim, always wear a life jacket (or other personal flotation device) while on the water.
- CPR Basics – Spend a few minutes learning CPR basics. Knowing the proper way to perform CPR can save a life on the lake, or every day. Classes and basic information is available from the American Red Cross (www.redcross.org/cpr) and the American Heart Association (www.heart.org).
- Unseen Obstacles: For navigation and swimming alike, make sure to recognize that lakes and rivers can produce strong currents, changing and uncertain water depths and hidden natural features just below the surface.
- Watch your Speed – Lakes have speed limits just like roads. Watch for signage and follow the posted instructions.
- Light at Night – Make sure your boat is equipped with proper lighting if you are going to be on the water at night.
- Placement of the final module for Unit 3 – The water tank that sits atop the containment vessel and shield building roof, known as module CB-20, is a major part of the AP1000 reactor's advanced safety system and will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor.
- Placement of the Unit 3 integrated head package (IHP) atop the reactor vessel - Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
- Completion of Open Vessel Testing for Unit 3 - This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- For customers enrolled in PrePay: Georgia Power customers who are currently enrolled in this plan and have past-due account balances can make payments for current energy usage and have a portion of their payments (25 percent) go toward their outstanding balance. No late fees will be charged if outstanding balances are paid before April 2021.
- For customers not enrolled in PrePay: Georgia Power customers with past-due account balances may be eligible to switch to the PrePay rate plan. Customers can sign up by July 15 with no deposit to take advantage of its special provision for paying outstanding balances with no late fees if paid before April 2021.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE – Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities. Visit www.GeorgiaPower.com/EnergyAssistance for more information.
- A 24/7 warning point and emergency operations center
- Multiple ways to receive severe weather warnings and forecasts and to alert employees
- A system that efficiently monitors weather conditions locally
- A plan to promote the importance of weather awareness through training seminars and workshops
- A formal hazardous weather plan, which includes training employees and holding emergency exercises.
- Before a Storm: Know your risks of storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Have several ways to receive emergency notifications and weather updates. If your area is under an evacuation order, follow safety orders from local officials immediately.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Atlanta Regional Business Center, 2505 Brannen Rd SE, Atlanta, GA 30318 - noon – 3 p.m.
- Peachtree Service Center, 111 Ingersoll Rand Drive Chamblee, GA 30341- 10 a.m. – 1 p.m.
- Clayton Service Center, 508 GA-138, Riverdale, GA 30274 - 8 a.m. – 1 p.m.
- Marietta, Nik's Place, 645 Whitlock Ave, Marietta, GA 30064 - 10 a.m. – 2 p.m.
- Cumming Service Center, 1480 Oak Industrial Drive Cumming, GA 30041 - 10 a. m. – 1 p.m.
- Conyers Service Center 350 Gees Mill Business Pkwy, Conyers, GA 30013 - 8 a.m. – 1 p.m.
- Athens Service Center, 170 Paradise Blvd, Athens, GA 30607 - 10 a.m. – 1 p.m.
- Augusta Service Center 2502 Landrum Court, Martinez, GA 30907 - 10 a.m. – 1 p.m.
- Savannah Service Center, 1668 Chatham Parkway, Savannah, GA 31405 - 8:15 a.m. – noon
- Macon Service Center, 5472 New Forsyth Rd, Macon, GA 31210 - 8:15 – 10:15 a.m.
- Carrollton, Villa Rica Publix, 2000 Mirror Lake Boulevard, Villa Rica, GA 30180 - 10 a.m. – 2 p.m.
- Newnan, Hemrick's Grocery Store 10 Franklin Rd, Newnan, GA 30263 - 10 a.m. – 2 p.m.
- Gwinnett Service Center, 1305 Lakes Parkway, Ste 129, Lawrenceville, GA 30043, 11 a.m. – 2 p.m.
- Hall County Service Center, 4271 Mundy Mill Rd, Oakwood, GA 30566 - 11 a.m. – 2 p.m.
- Before a Storm: Know your risks of storm surge and tropical storm or hurricane strength winds. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Have several ways to receive emergency notifications and weather updates. If your area is under an evacuation order, follow safety orders from local officials immediately.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: At www.georgiapower.com/storm, customers can sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Completion of Open Vessel Testing for Unit 3 - This successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted, and confirmed the pumps, motors, valves, pipes and other components of the systems function as designed.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- Operation of the Unit 3 main control room - Operators begin monitoring and controlling the technology and equipment essential for testing the unit's systems and safely starting the plant.
- Placement of the Unit 3 shield building roof - The two-million-pound roof covers the top of the shield building, which provides an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
- Final concrete placement inside the Unit 3 containment vessel - Completing this milestone is an important step that allows for the installation of machinery that will be used to load fuel into the unit.
- Ordering the first nuclear fuel loads for both units 3 & 4. Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will eventually be loaded into the reactor vessels to support startup once the reactors begin operating.
- Placing the containment vessel top heads for both units, marking that the project's final major lifts inside the containment vessels are complete. The containment vessel is a high-integrity steel structure that houses critical plant components.
- Completing the first emergency preparedness drill for the new units, which includes a comprehensive review of the site's plans to ensure the protection of the public. The emergency preparedness plan specifies the response actions if the site were ever to experience an incident.
- Finalizing Department of Energy (DOE) loan guarantees for the Vogtle 3 & 4 project. Through the company's $5.13 billion loan guarantee capacity with the DOE, Georgia Power customers are expected to save approximately $550 million in financing costs overall.
- Completing the multi-year training necessary for the nuclear operators required for the new units, which culminated with the Nuclear Regulatory Commission (NRC) license exam. From the main control room, operators will monitor and control the technology and equipment essential for testing the unit's systems and safely starting the plant.
- Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
- Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in pools.
- Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
- Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
- Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
- Have a Water Safety Plan – Know what to do during an emergency.
- Wear a Life Jacket – Young or old, and no matter how well you can swim, always wear a life jacket (or a personal flotation device) while on the water.
- Pools vs. Lakes – Make sure children know the difference between pools and lakes – lakes can produce currents, uncertainty on water depth and hidden natural features under the water.
- CPR Basics – Spend a few minutes learning CPR basics. Knowing the proper way to perform CPR can save a life on the lake, or every day. Classes and basic information is available from the American Red Cross (www.redcross.org/cpr) and the American Heart Association (www.heart.org).
- Watch your Speed – Lakes have speed limits just like roads. Watch for signage and follow the posted instructions.
- Light at Night – Make sure your boat is equipped with proper lighting if you are going to be on the water at night.
- Placement of the polar crane and containment vessel top for Unit 4 – This signifies that all major lifts inside the containment vessels for both units are now complete.
- Operation of the Unit 3 main control room - Operators begin monitoring and controlling the technology and equipment essential for testing the unit's systems and safely starting the plant.
- Placement of the Unit 3 shield building roof - The two-million-pound roof covers the top of the shield building, which provides an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
- Final concrete placement inside the Unit 3 containment vessel - Completing this milestone is an important step that allows for the installation of machinery that will be used to load fuel into the unit.
- Ordering the first nuclear fuel loads for both units 3 & 4. Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will eventually be loaded into the reactor vessels to support startup once the reactors begin operating.
- Placing the containment vessel top heads for both units, marking that the project's final major lifts inside the containment vessels are complete. The containment vessel is a high-integrity steel structure that houses critical plant components.
- Completing the first emergency preparedness drill for the new units, which includes a comprehensive review of the site's plans to ensure the protection of the public. The emergency preparedness plan specifies the response actions if the site were ever to experience an incident.
- Finalizing Department of Energy (DOE) loan guarantees for the Vogtle 3 & 4 project. Through the company's $5.13 billion loan guarantee capacity with the DOE, Georgia Power customers are expected to save approximately $550 million in financing costs overall.
- Completing the multi-year training necessary for the nuclear operators required for the new units, which culminated with the Nuclear Regulatory Commission (NRC) license exam. From the main control room, operators will monitor and control the technology and equipment essential for testing the unit's systems and safely starting the plant.
- No. 2 for Top Company for Veterans, moving up 7 spots from No. 9 last year
- No. 5 for Top Company for Board of Directors
- No. 7 for Top Company for Supplier Diversity
- No. 8 for Top Company for Employee Resource Groups
- If an account becomes past due, Georgia Power will contact the customer via a pre-recorded message to the primary account telephone number or by letter requesting that the customer call to discuss the account.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, the customer should hang up and contact the company's customer service line at 888-660-5890. As scammers have tried to promote the use of fraudulent 800 numbers, customers should always check to make sure they are calling the correct Georgia Power customer service line at 888-660-5890, which can be verified at www.GeorgiaPower.com/ContactUs.
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If an employee needs to visit a customer's home or business for a service-related issue, they will be in uniform and present a badge with a photo, their name and the company's name and logo. They will also be in a vehicle marked with the company's logo. During the COVID-19 pandemic, visiting a customer's home or business will be even less likely, so identity verification should be completed before opening the door to anyone.
- Operation of the Unit 3 main control room - Operators begin monitoring and controlling the technology and equipment essential for testing the unit's systems and safely starting the plant.
- Placement of the Unit 3 shield building roof - The two-million-pound roof covers the top of the shield building, which provides an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
- Final concrete placement inside the Unit 3 containment vessel - Completing this milestone is an important step that allows for the installation of machinery that will be used to load fuel into the unit.
- Ordering the first nuclear fuel loads for both units 3 & 4. Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will eventually be loaded into the reactor vessels to support startup once the reactors begin operating.
- Placing the containment vessel top heads for both units, marking that the project's final major lifts inside the containment vessels are complete. The containment vessel is a high-integrity steel structure that houses critical plant components.
- Completing the first emergency preparedness drill for the new units, which includes a comprehensive review of the site's plans to ensure the protection of the public. The emergency preparedness plan specifies the response actions if the site were ever to experience an incident.
- Finalizing Department of Energy (DOE) loan guarantees for the Vogtle 3 & 4 project. Through the company's $5.13 billion loan guarantee capacity with the DOE, Georgia Power customers are expected to save approximately $550 million in financing costs overall.
- Completing the multi-year training necessary for the nuclear operators required for the new units, which culminated with the Nuclear Regulatory Commission (NRC) license exam. From the main control room, operators will monitor and control the technology and equipment essential for testing the unit's systems and safely starting the plant.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: With more residents at home during this time and spending increased time outdoors, be cautious of downed or low-hanging wires, including telephone or TV wires that touch a power line. Never touch or attempt to pull tree limbs off power lines or enter areas with debris or downed trees, as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage Maps – Customers can follow progress on outages in their town or across the state on the company's outage map available at www.georgiapower.com/storm online or on the Georgia Power mobile app on your smartphone.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Post your appreciation for lineworkers on social media using the hashtag #ThankaLineman. April is lineworkers appreciation month.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Post your appreciation for lineworkers on social media using the hashtag #ThankaLineman. April is lineworkers appreciation month.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water. Watch for rising water levels. Quickly go to high ground if you see or hear rapidly rising water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage Maps - Customers can follow progress on outages in their town or across the state on the company's outage map available at www.georgiapower.com/storm online or on the Georgia Power mobile app on your smartphone.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- Set it for the season: Set thermostats to 78 degrees during warm weather months. With each degree higher you set your thermostat; you can see a 3-4% decrease in energy use. Don't forget, you can use fans to help you feel cooler, even with a higher thermostat setting.
- Phase out phantom energy loss: To avoid phantom loss, unplug devices when not in use, or use a smart power strip and turn off the strip when equipment or devices are not in use.
- Choose wisely with appliances: Avoid using appliances that produce heat during the hottest times of the day and avoid frequent opening of refrigerators and freezers. Also, consider using your outdoor grill to help save additional energy.
- Feel the flow; free your filters: Clean or change air conditioning filters each month. A dirty filter can make your equipment work harder, resulting in higher bills. Make sure furniture, curtains, rugs and other items do not block vents and return air registers.
- Follow on and off advice: Turn off TVs, computers and other electronic devices when not in use. Consider energy-saving settings, which are often available on newer equipment and appliances.
- Save with LEDs: Save energy and money by changing a standard light bulb in your home to an ENERGY STAR®-qualified LED bulb. LEDs use 90% less energy than standard bulbs and can last up to 15 times longer. You can visit our Georgia Power Marketplace for instant savings on LED lighting, and have them delivered directly to your home.
- Simple Online Account Management – The company is committed to making it simple for customers to manage their monthly bill, payment history and energy usage in one place. With Georgia Power's online portal, customers can start, stop and transfer service, and sign up for paperless billing to reduce incoming paper mail.
- Payment Methods – It's best to stay home and pay Georgia Power bills online on GeorgiaPower.com with a credit or debit card or with a checking or savings account. The company has eliminated fees associated with credit and debit card payments as well as at Authorized Payment Locations (APLs). APLs are venues that accept Georgia Power payments, posting them immediately and securely. There are more 4,000 APLs across the state including many grocery stores and pharmacies remaining open as essential businesses, like Kroger, Walmart, Publix, Walgreens and more. Customers can also pay via the Georgia Power Mobile App, which can be downloaded for free from both the App Store (Apple) and Google Play Store (Android).
- Georgia Power Marketplace – Georgia Power makes it simple for customers to make their home more efficient by offering an online, one-stop-shop for LED lightbulbs, smart thermostats and connected home technology, advanced power strips, water faucets and EV chargers, without having to visit a store. Visit www.GeorgiaPowerMarketplace.com to learn more.
- Online Energy Checkups – Georgia Power offers quick and easy online energy checkups that provide customized reports for customers to understand their energy use and find ways to save money.
- SurgeDefender™ – Now more than ever, customers need their major appliances in their home to work. Georgia Power's SurgeDefender™ program helps protects motor-driven appliances such as refrigerators, dishwashers and air conditioners, and is installed directly on the customer's electric meter.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Post your appreciation for lineworkers on social media using the hashtag #ThankaLineman. April is lineworkers appreciation month.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water. Watch for rising water levels. Quickly go to high ground if you see or hear rapidly rising water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Additionally, do not walk or drive through standing water as it may conceal live wires brought down by the storm.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage Maps - Customers can follow progress on outages in their town or across the state on the company's outage map available at www.georgiapower.com/storm online or on the Georgia Power mobile app on your smartphone.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Post your appreciation for lineworkers on social media using the hashtag #ThankaLineman. April is lineworkers appreciation month.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage Maps - Customers can follow progress on outages in their town or across the state on the company's outage map available at www.georgiapower.com/storm online or on the Georgia Power mobile app on your smartphone.
- Build an Emergency Kit – A well-built kit should contain enough supplies to get you and your family through three days without electricity or running water.
- If you see utility crews, please stay back a minimum of six feet – much more if they are working.
- Please, no cookies or treats for workers during this time. Give a wave or thumbs up to workers you see. They'll understand your gratitude as they work to keep the lights on.
- Don't touch utility trucks or equipment. Electric providers are operating under modified conditions to keep workers safe, which includes additional cleaning and sanitation of tools and equipment.
- Post your appreciation for lineworkers on social media using the hashtag #ThankALineman. April is lineworker appreciation month.
- Implementing telecommuting for those who can perform their duties remotely
- Cancelling facility tours and external meetings
- Increasing cleaning frequency at company locations
- Aggressively sanitizing work areas
- Cancelling all non-essential business travel – both domestic and international
- Asking employees to self-identify, if they have or plan to travel internationally
- Using technology for meetings
- Set it for the season: Set thermostats to 78 degrees during warm weather months. With each degree higher you set your thermostat, you can see a 3-4% decrease in energy use. Don't forget, you can use fans to help you feel cooler, even with a higher thermostat setting.
- Phase out phantom energy loss: To avoid phantom loss, unplug devices when not in use, or use a smart power strip and turn off the strip when equipment or devices are not in use.
- Choose wisely with appliances: Avoid using appliances that produce heat during the hottest times of the day and avoid frequent opening of refrigerators and freezers. Also, consider using your outdoor grill to help save additional energy.
- Feel the flow; free your filters: Clean or change air conditioning filters each month. A dirty filter can make your equipment work harder, resulting in higher bills. Make sure furniture, curtains, rugs and other items do not block vents and return air registers.
- Follow on and off advice: Turn off TVs, computers and other electronic devices when not in use. Consider energy-saving settings, which are often available on newer equipment and appliances.
- Save with LEDs: Save energy and money by changing a standard light bulb in your home to an ENERGY STAR®-qualified LED bulb. LEDs use 90% less energy than standard bulbs and can last up to 15 times longer. You can visit our Georgia Power Marketplace for instant savings on LED lighting, and have them delivered directly to your home.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE: Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- Implementing telecommuting for those who can perform their duties remotely
- Cancelling facility tours and external meetings
- Increasing cleaning frequency at company locations
- Aggressively sanitizing work areas
- Cancelling all non-essential business travel – both domestic and international
- Asking employees to self-identify, if they have or plan to travel internationally
- Using technology for meetings
- Assessing Conditions – Responding crews – or in major storms, damage assessment teams – work to identify trouble spots and the resources needed to fix them, which could involve coming onto customers' property. Crews will employ appropriate distancing efforts and customers are asked to keep children and pets indoors and maintain safe distances from crew members as well.
- Making Repairs – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage Maps - Customers can follow progress on outages in their town or across the state on the company's outage map available at www.georgiapower.com/storm online or on the Georgia Power mobile app on your smartphone.
- Build an Emergency Kit – A well-built kit should contain enough supplies to get you and your family through three days without electricity or running water.
- Food Insecurity: will be used to help address food insecurity across the state, including assessing needs and deploying funding to aid in relief efforts.
- Homelessness: will be focused on helping assess needs and develop a funding mechanism to support homeless shelters and clinics in coordination with the governor's statewide task force subcommittee on homelessness.
- Displaced Workers Assistance: will be provided to assist community foundations and our established non-profit partners in establishing a statewide collective effort to help provide emergency assistance to displaced workers.
- Implementing telecommuting for those who can perform their duties remotely
- Cancelling facility tours and external meetings
- Increasing cleaning frequency at company locations
- Aggressively sanitizing work areas
- Cancelling all non-essential business travel – both domestic and international
- Asking employees to self-identify, if they have or plan to travel internationally
- Using technology for meetings
- Focus on the fireplace – Close the flue damper tightly, or leave cracked if it's a standing pilot light when the fireplace is not in use. Consider increasing fireplace efficiency with a heat-circulating fireplace and chimney adapter system.
- Let it flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Thinking thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature setting when you are away from the house and save up to $100 a year in energy costs.
- Caulk & strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's great to insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, and family plan? unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Customers should call 911 or Georgia Power immediately if they see a fallen or low-hanging power line.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Build an Emergency Kit – A well-built kit should contain enough supplies to get you and your family through three days without electricity or running water.
- Power Restoration Process – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Assessing Conditions – Before restoration crews can get to work, damage assessment teams identify trouble spots and the resources needed to fix it.
- Downed Tree Safety – Downed trees are usually the cause of an outage after a storm. Never attempt to pull tree limbs off wires yourself.
- Generator Safety – Never use generators in an enclosed space. They produce dangerous carbon monoxide that can't be seen or smelled.
- Storing Food and Medicine in an Outage – During an outage, it's important to know how to safely store your food and medicine.
- Non-discrimination policies across business entities;
- Equitable benefits for LGBTQ workers and their families; and
- Supporting an inclusive culture and corporate social responsibility.
- If an account becomes past due, Georgia Power will contact the customer via a pre-recorded message to the primary account telephone number or by letter requesting that the customer call Georgia Power to discuss the account.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, the customer should contact the company's customer service line at 888-660-5890. As scammers have tried to promote the use of fraudulent 800 numbers, customers should always check to make sure they are calling the correct Georgia Power customer service line at 888-660-5890, which can be verified at www.georgiapower.com
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If an employee needs to visit a customer's home or business for a service-related issue, they will be in uniform and present a badge with a photo, their name and the company's name and logo. They will also be in a vehicle marked with the company's logo.
- Chattanooga Gas achieved the highest Engaged Customer Relationship (ECR) score in the entire industry, earning 826 out of 1,000 points.
- Virginia Natural Gas ranked second in the South region and third overall with an ECR of 808.
- Nicor Gas finished fifth in the Midwest region with an ECR of 790.
- Power has been restored to over 112,000 Georgia Power customers across the state.
- There are approximately 11,000 Georgia Power customers currently without power.
- Approximately 420 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- The majority of remaining outages are concentrated in the Rome, Cartersville, and Carrollton areas. Customers who are able to receive electric service in these heavily impacted areas can expect service to be restored by midnight tonight.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage. Customers should call 911 or Georgia Power immediately if they see a fallen or low-hanging power line.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Approximately 100 broken or damaged power poles
- More than 16 miles of downed wire
- Approximately 19,000 sustained outages at response peak
- Approximately 100 broken or damaged power poles
- More than 16 miles of downed wire
- Approximately 19,000 sustained outages at response peak
- Dec. 2 – Regional Risks- Understand what weather risks impact Georgia
- Dec. 3 – Watch vs. Warning- Knowing the difference could save your life
- Dec. 4 – Stay Connected- Resources like emergency alerts & outage maps help you stay informed
- Dec. 5 – Winter Road Safety- What to do on the roads after the storm
- Dec. 6 – Equipped with an Emergency Kit- Find out where to start and what to pack
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house and save up to $100 a year in energy costs.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- Door Knocking Imposter – Door-to-door imposters pose as utility workers to gain entry or access into unsuspecting victims' homes.
- Overpayment Tactic – Scammers call claiming you have overpaid your utility bill and you need to provide personal bank account information or a credit card number to facilitate a refund.
- Power Restoration Charge – Scammers call offering to restore power more quickly for a fee in the aftermath of severe weather that may have caused widespread power outages.
- Vacate Your Home – Scammers claim there is a need to replace metering or other equipment and you must leave your home for 72 hours.
- Facebook Charity Scam – Social media posts are telling customers that a charity will pay for their utility bills if the customer first makes a partial payment by money transfer. This new scam is still under investigation by authorities, and it is unclear if the scammers are seeking money, personally identifiable information, or both.
- If an account becomes past due, Georgia Power will contact the customer via a pre-recorded message to the primary account telephone number or by letter requesting that the customer call Georgia Power to discuss the account.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, the customer should contact the company's customer service line at 888-660-5890. Customers can also contact customer service via email at www.georgiapower.com.
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If an employee needs to visit a customer's home or business for a service-related issue, they will be in uniform and present a badge with a photo, their name and the company's name and logo. They will also be in a vehicle marked with the company's logo.
- Sheri Miller, Atlanta Public Schools (Frederick Douglass High School)
- Sakia Franklin-Jones, Atlanta Public Schools (Frederick Douglass High School)
- Tianna Stroud, Atlanta Public Schools (Frederick Douglass High School)
- Brian Cook, Atlanta Public Schools (South Atlanta High School)
- Monique Watson, Atlanta Public Schools (Frederick Douglass High School)
- Beth Payton, Bartow County (Adairsville High)
- Katy Carder, Bartow County (Adairsville High)
- Sarah Callaway, Bartow County (Adairsville Middle)
- Sarah Maddox, Bartow County (Adairsville Middle)
- Bruce Mulkey, Bartow County (Adairsville High)
- Drew Elrod, Bartow County (Adairsville Middle)
- Paula Camp, Bartow County (Central Office)
- Stefanie Easterwood, Coweta County (East Coweta High School)
- Priscilla Lee, Coweta County (East Coweta Middle School)
- Schwanda Jackson, Coweta County (Coweta County School System)
- Dekima Leaphart, Coweta County (East Coweta High School)
- Marie Smallwood, Coweta County (East Coweta Middle School)
- Stephanie Ferrari, Coweta County (East Coweta Middle School)
- Danielle Ratzlaff , Coweta County (East Coweta High School)
- Aletha Miller, Douglas County (Turner Middle School)
- Melody Scretchen, Douglas County (Lithia Springs High School)
- Felicia Jones, Douglas County (Lithia Springs High School)
- Kathleen French , Douglas County (Central Office)
- Lauren Pugh, Douglas County (Turner Middle School)
- Roxann Stephens, Douglas County (Lithia Springs High School)
- Rhonda May, Douglas County (Tuner Middle School)
- Sallie Holloway, Gwinnett County (District Office)
- Carly Cantrell, Gwinnett County (Paul Duke STEM High School)
- Ashley Nylin, Gwinnett County (Pinckneyville Middle School)
- Lauren Watson, Gwinnett County (Pinckneyville Middle School)
- Lee Conger, Gwinnett County (Paul Duke STEM High School)
- David A Buddenbaum, Hart County Charter System (County Office)
- Christie Simpson, Hart County Charter System (Hart County High School)
- Kim Hoy, Hart County Charter System (Hart County Middle and High School)
- Melissa Morgan, Hart County Charter System (Hart County High School)
- Sandy Floyd, Hart County Charter System , (Hart County Middle School)
- Tami Waller, Hart County Charter System (Hart County Middle School)
- Jacqueline Brock, Hart County Charter System (Hart County Middle School)
- Amy Brown, McDuffie County (Thomson-McDuffie Middle School)
- Dottie Thomas, McDuffie County (Thomson High School)
- Karah Fields, McDuffie County (Thomson-McDuffie Middle School)
- Lynn Cato, McDuffie County (District Office)
- Sonya Strong, McDuffie County (Thomson High School)
- Barry Joiner, McDuffie County (Thomson-McDuffie Middle School)
- Maureen Adams McDuffie County (Thomson High School)
- Natasha Birt, Richmond County (Innovation Academy)
- Gabriel Harris, Richmond County (Innovation Academy)
- Robert Jones, Richmond County (Innovation Academy)
- Andrew Morrison, Richmond County (Innovation Academy)
- Kourtney Bell, Richmond County (Innovation Academy)
- Hazetta Churchwell, Richmond County (Innovation Academy)
- Alethea Coleman, Richmond County (District Office)
- Eddie Gilbert, Richmond County (Innovation Academy)
- Angie Davis, White County School System (White County High School)
- Jessi Biddy, White County School System (White County Middle School)
- Robin Churchwell, White County School System (White County Middle School)
- Sherry Mayo, White County School System (White County High School)
- Jack Fullerton, White County School System (White County Middle School)
- Chris Dotson, White County School System (White County High School)
- Molly Nigro, White County School System (White County School System)
- Keith Groeper, Bibb County (Rutland Middle School)
- Jennifer Richards, Bibb County (Rutland Middle School)
- Marissa Rondina , Bibb County (Rutland High School)
- Sheela Stembridge Martin, Bibb County (Rutland Middle School)
- Alysia Bluford, Bibb County (Rutland High School)
- Cherri Nix, Bibb County (District Office)
- Wendy Pooler, Bibb County (Rutland High School)
- Quinten Fuller, Decatur County (Bainbridge Middle School)
- Tynesee Butler, Decatur County (Bainbridge Middle School)
- Bobby Daniels, Decatur County (Bainbridge High School)
- Cindy Harrell, Decatur County (Bainbridge Middle School)
- Kaycee Wade, Decatur County (John Johnson Elementary)
- Hildy Conder, Decatur County (John Johnson Elementary)
- Pam Ward, Decatur County (John Johnson Elementary)
- Mac Lewis, Decatur County (Bainbridge High School)
- April Aldridge, Decatur County (Bainbridge High School)
- Christine M. Pugh, Decatur County (Bainbridge High School)
- Kyle Kelley, Decatur County (Bainbridge High School)
- Crycynthia Gardner, Decatur County (Hutto Middle School)
- Larry Lowe, Decatur County (Hutto Middle School)
- JaMichael Perry, Decatur County (Hutto Middle School)
- Terrie Lockhart, Dooly County (Dooly County High School)
- Tywana Lester, Dooly County (Dooly County K8 Academy)
- Lang Oglesby, Dooly County (Dooly County K-8 Academy)
- Johnathan Page, Dooly County (Dooly County Board Office)
- Aisha Carr, Dooly County (Dooly County High School)
- Tavoris Brown, Dooly County (Dooly County High School)
- Valarie Trice, Dooly County (Dooly County K-8 Academy)
- Kelli Ricks, Evans County (Claxton High School)
- Tanita McDowell, Evans County (Claxton Middle School)
- Andrew Strickland, Evans County (Claxton Middle School)
- Moses Green, Evans County (Claxton Middle School)
- Lee Ann Lane, Evans County (Claxton High School)
- Randy Cooper, Evans County (Claxton High School)
- Jenny Lanier, Evans County (Evans County Schools)
- Thomasina Butler, Liberty County (Liberty County School District)
- Vivian Gilliard, Liberty County (Midway Middle School)
- Tiffany Redmon, Liberty County (Midway Middle School)
- Angel James, Liberty County (Midway Middle School)
- Holly Zarka, Liberty County (Liberty County High School)
- Warnella Wilder, Liberty County (Liberty County High School)
- Gregory Schmidt, Liberty County (Liberty County High School)
- Amanda Sikes, Long County (Long County Board of Education)
- Brianna Hill, Tattnall County (Tattnall County High School)
- Katherine Swain, Tattnall County (Tattnall County High School)
- Donny Sikes, Tattnall County (North Tattnall Middle School)
- Candice Altman, Tattnall County (South Tattnall Middle School)
- Inga Cashon, Tattnall County (North Tattnall Middle School)
- Michelle Miller, Tattnall County (South Tattnall Middle School)
- Christine Jenkins, Tattnall County (Tattnall County High School)
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE – Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- Georgia Power's Energy Assessment & Solutions Program (EASP) – The EASP assists income-eligible customers with energy savings through education and free home-efficiency improvements.
- Think Thermostat – Heating and cooling costs make up approximately 46% of your average power bill. Set manual thermostats to 78°F in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle. Each degree cooler can increase your bill by 4%.
- Change your Air Filters – By changing out your air filters once a month, or pleated filters once every three months, you can help your system run more efficiently.
- Use your Fans – A ceiling fan costs only about $1.50 a month will help you feel cooler without having to adjust your thermostat.
- Air Vents – To maintain consistent temperatures throughout your home, keep air vents and registers clear of obstructions such as furniture, curtains and rugs.
- Food Storage - Set your refrigerator thermostat between 35°F and 38°F, and your freezer to 0°F to run at peak efficiency - but be careful not to over fill!
- Heat in the Kitchen – Reduce the temperature inside your home by cooking food in the microwave or stove top instead of the oven when possible. Match pots and pans to the burner size to minimize heat loss. Use lids on pots to keep in heat.
- Replace your Incandescent Light Bulbs – Replace bulbs with energy-efficient LED lights. ENERGY STAR®-certified LED light bulbs consume up to 75% less energy than conventional incandescent lights, helping you save money and resources.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Georgia Power's Senior Citizen Discount - Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) - Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE - Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- Georgia Power's Energy Assessment & Solutions Program (EASP) - The EASP assists income-eligible customers with energy savings through education and free home-efficiency improvements.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Residential Services – Georgia Power's basic rate plan is available to all residential customers. This plan has a monthly base charge and a rate that changes based on your monthly usage and the time of year.
- Think Thermostat – Set manual thermostats to 78 degrees Fahrenheit in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle.
- Use your Fans – A ceiling fan will allow you to raise the thermostat setting by as much as four degrees with no reduction in comfort.
- Air Vents – To maintain consistent temperatures throughout your home, keep air vents and registers clear of obstructions such as furniture, curtains and rugs.
- Trim Plants and Change Filters – To ensure your unit receives proper air flow, change any filters and trim plants outside your unit.
- Pool Planning – Pool pumps can use a significant amount of energy when running constantly. Operate pool pumps the minimum number of hours needed to keep the pool clean and invest in a timer to control hours of operation. Also, consider using a pool cover for additional energy savings.
- Fire Up the Grill – Reduce the temperature inside your home by using an outdoor grill or smoker instead of indoor ovens and stoves.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Set your programmable thermostat to 78°F in the summer and 68°F in the winter, for energy-efficient results. Also utilizing your ceiling fan can make your space feel 5°F cooler, keeping you comfortable and relaxed.
- Change standard air filters once a month, or pleated filters once every three months, to help your system run more efficiently.
- Caulk and weather-strip around your windows and doors. If the caulking is cracked, or the weather-stripping is damaged or peeling, replace the old material.
- Turn off lights when they're not in use. To help you remember, try leaving eye-catching reminders next to light switches and doorways.
- Use a smart power strip or unplug electronics when they are not in use to save money and energy.
- Look for an ENERGY STAR® label when purchasing new appliances and electronics to save on your energy bill.
- Keep air vents clear of obstruction to help your heating and cooling system operate more efficiently.
- Replace your current incandescent light bulbs with energy-efficient LED lights. ENERGY STAR-certified LED light bulbs consume up to 75% less energy than conventional incandescent lights, helping you save money and resources.
- Wash full loads of clothes with cold water and avoid over-drying. Also, clean the lint trap before every load.
- Set your water heater's temperature to 120°F in unconditioned spaces and wrap your electric water heater with an insulated blanket for additional savings.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Think Thermostat – Heating and cooling costs make up approximately 46% of your average power bill. Set manual thermostats to 78°F in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle. Each degree cooler can increase your bill by 4%.
- Use your Fans – A ceiling fan costs only about $1.50 a month will help you feel cooler without having to adjust your thermostat.
- Air Vents – To maintain consistent temperatures throughout your home, keep air vents and registers clear of obstructions such as furniture, curtains and rugs.
- Trim Plants and Change Filters – To ensure your unit receives proper air flow, change any filters and trim plants outside your unit.
- Food Storage - Set your refrigerator thermostat between 35°F and 38°F, and your freezer to 0°F to run at peak efficiency - but be careful not to over fill!
- Heat in the Kitchen – Reduce the temperature inside your home by cooking food in the microwave or stove top instead of the oven when possible. Match pots and pans to the burner size to minimize heat loss. Use lids on pots to keep in heat.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Georgia Power's Senior Citizen Discount – Georgia Power customers 65 years of age or older who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Low-Income Home Energy Assistance Program (LIHEAP) – Georgia Power supports the Division of Family & Children Services to help qualifying, low-income households pay their home energy bills.
- The Salvation Army's Project SHARE: Established in partnership with The Salvation Army, Georgia Power customers can provide assistance to residents in the same community for expenses, such as utility bills, housing, food and medical necessities.
- Georgia Power's Energy Assessment & Solutions Program (EASP): The EASP assists income-eligible customers with energy savings through education and free home-efficiency improvements.
- 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.
- In-home energy audit – Customers can learn how to save up to 30 percent on their annual energy bill and learn more about Georgia Power's home energy improvement programs and available customer rebates.
- Home Energy Improvement Program (HEIP) – The Home Energy Improvement Program (HEIP) helps Georgia Power customers reduce energy use, save on energy costs and improve the indoor air quality and comfort of their homes. Residential customers can earn rebates from Georgia Power for implementing and installing qualifying energy savings improvements.
- Residential HVAC Service Program – Routine maintenance of heating, ventilation and air conditioning (HVAC) equipment can improve home comfort and help customers save money on their energy bills. Georgia Power's program focuses on improving the efficiency of existing central air conditioners and heat pumps.
- Lighting Program – Customers can replace their incandescent bulbs with LED bulbs to use 90% less energy. Each bulb can save an average of $80 in electricity costs over its lifetime.
- Recycle Your Refrigerator with Georgia Power – By recycling a secondary refrigerator or freezer, customers can save up to $100 a year in energy costs, or as much as $800 over its remaining life. By recycling an old refrigerator through Georgia Power's program, customers can earn $35 and have their old refrigerator picked up for free.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wires, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in the wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- Hurricane Michael (2018): Hurricane Michael was the third-strongest hurricane to make landfall in the U.S. in modern recorded history. Entering Georgia as a Category 4 storm, it brought high winds, heavy rainfall and fallen trees that caused extensive damage as it crossed through the state, especially in Southwest Georgia near Bainbridge, Albany and Tifton. Crews restored power to more than 420,000 customers in four days. The system experienced 7,800 individual cases of damage and crews repaired 2,000 broken poles and 4,800 spans of wire.
- Hurricane Irma (2017): One of the largest storms to strike Georgia in decades, every county in the state was impacted by Hurricane Irma. This strong storm brought high winds, heavy rain and flooding. Restoration crews were in every corner of the state restoring power to more than 1.6 million customers in only four and a half days. The system experienced 23,580 individual cases of damage and crews repaired 1,625 broken poles and 4,500 spans of wire.
- Hurricane Matthew (2016): This was one of the strongest, most destructive hurricanes to hit the Georgia coast in more than a century. The path of the storm and the prevalence of large trees caused the most damage in and around Savannah, with coastal areas such as Burnside, Dutch Island, Isle of Hope, White Bluff, Windsor Forest, and surrounding communities seeing the most severe damage. Crews restored power to more than 370,000 customers in six and a half days. The system experienced 7,900 individual cases of damage and crews repaired 1,000 broken poles and 2,600 spans of wire.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page for information on how to build a family emergency plan and emergency supply kit.
- setting of all four reactor coolant pumps inside the Unit 3 containment vessel
- setting of the Unit 3 containment vessel top head
- completion of Unit 3 initial energization and the start of the integrated flush process for Unit 3
- placement of both accumulator tanks, both steam generators and the pressurizer inside Unit 4 containment
- setting the second ring of the Unit 4 containment vessel
- Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
- Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in pools.
- Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
- Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
- Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
- Have a Water Safety Plan – Know what to do during an emergency.
- Do not leave electronics on – Turn off televisions, computers and other electronic devices when not in use.
- Protect appliances with SurgeDefender – Georgia Power offers a state-of-the-art product, SurgeDefender, to single-family homeowners including individually metered, owned townhouses and condominiums to help protect motor-driven appliances such as refrigerator, HVAC, washer/dryer from power surges entering on the electric lines.
- Install storm doors – A storm door creates a pocket of insulated air space between itself and your house's exterior door. This reduces heat transfer into and out of your home, lowering heating and cooling costs.
- Only use surge protectors with internal circuit breakers – These units will trip the breaker if the power strip is overloaded and shorted to prevent overheating.
- Focus on the fridge – Proper cleaning and maintenance of the refrigerator, such as dusting the dirt from the refrigerator coils and removing food to allow air to circulate, can reduce its energy consumption.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Build an Emergency Kit – A well-built kit should contain enough supplies to get you and your family through three days without electricity or running water.
- Power Restoration Process – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Assessing Conditions – Before restoration crews can get to work, damage assessment teams identify trouble spots and the resources needed to fix it.
- Downed Tree Safety – Downed trees are usually the cause of an outage after a storm. Never attempt to pull tree limbs off wires yourself.
- Generator Safety – Never use generators in an enclosed space. They produce dangerous carbon monoxide that can't be seen or smelled.
- Storing Food and Medicine in an Outage – During an outage, it's important to know how to safely store your food and medicine.
- Take an online energy checkup – Georgia Power's quick and easy online energy checkup provides a customized report to help you understand your energy use and find ways to save money. Energy Checkup can use your actual power bills to give you a customized report. Just enter information about your home and family to measure how you use energy.
- Conduct a rate plan review: Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low. Customers can explore Georgia Power rate plans here and at www.GeorgiaPower.com/Pricing.
- Bill payment assistance: Georgia Power works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
- Close the damper on your fireplace – If your home has a fireplace, close the damper when there is no reason to prevent air from escaping up the chimney.
- Avoid phantom energy loss – Phantom load or standby power refers to the electric power consumed by electronic equipment and appliances while they are switched off or in the standby mode. To avoid phantom energy loss, unplug devices when not in use, or use a power strip and turn the strip off.
- Retain heat while cooking – When cooking, use the range rather than the oven when possible. Match pots and pans to burner size to minimize heat loss. Use lids on your pots to keep in the heat.
- Use your window shades – On summer days, close shades to block the sun's rays.
- Operate your home appliances during off-peak hours – Take advantage of peak-use pricing and operate your home appliances—like your washer, dryer and dishwasher – during off-peak times. Off-peak electricity rates apply during times when power demand is lower resulting in reduced rates. This will also help reduce the load on your home's electrical system.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Think Thermostat – Set manual thermostats to 78 degrees Fahrenheit in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle.
- Use your Fans – A ceiling fan will allow you to raise the thermostat setting by as much as four degrees with no reduction in comfort.
- Air Vents – To maintain consistent temperatures throughout your home, keep air vents and registers clear of obstructions such as furniture, curtains and rugs.
- Trim Plants and Change Filters – To ensure your unit receives proper air flow, change any filters and trim plants outside your unit.
- Pool Planning – Pool pumps can use a significant amount of energy when running constantly. Operate pool pumps the minimum number of hours needed to keep the pool clean and invest in a timer to control hours of operation. Also, consider using a pool cover for additional energy savings.
- Fire Up the Grill – Reduce the temperature inside your home by using an outdoor grill or smoker instead of indoor ovens and stoves.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Mini Split, Lennox – This HVAC system features high efficiency heating and cooling for the top level in Smart Neighborhood homes.
- Puck, Flair – This smart thermostat integrates with the mini split to easily adjust the temperature of the top level of the homes.
- Water Heater, A. O. Smith - The Voltex® heat pump water heater will be able to connect to the homeowner's energy management platform to be used as a thermal energy storage device.
- Home Control Panel, Vivint Smart Home - The panel lets you control many of the connected products in a Smart Neighborhood home, including arming and disarming the security system, all from one convenient touchscreen.
- ecobee4 Thermostat, ecobee – This smart thermostat will ensure Smart Neighborhood residents are comfortable in their homes. With room sensors, homeowners can manage hot or cold spots, and with built-in Amazon Alexa Voice Service, homeowners can even ask it to order groceries or read the news.
- Video Doorbell, Vivint Smart Home - The video doorbell alerts you to visitors and lets you see and speak with anyone at your door from anywhere.
- Smart Locks, Vivint Smart Home – Smart locks can automatically lock up at night or when you leave and let you give keyless access to family and guests.
- Smart Shades, Lutron – Smart shades are located throughout the entire second floor in the home and can be raised or lowered via phone or voice control.
- Smart Outlets, Vivint Smart Home - Smart outlets allow you to remotely control and schedule your outlets from anywhere for added convenience and energy savings.
- Battery Energy Storage System, LG Chem - The two in-home battery storage systems store electric energy for later consumption, giving Smart Neighborhood homeowners additional peace of mind with a reliable and safe source of backup power.
- Battery and Solar Controller, Delta Electronics – The controller platform will enable the LG Chem battery energy storage system by forecasting and scheduling operations to automate energy bill savings.
- Solar Panels, installed by Hannah Solar - The rooftop solar panels will supplement the grid to power the homes. The panels will produce approximately one-third of the homeowner's annual energy usage.
- Leadership engagement and inclusive culture
- Enterprise-wide accessibility
- Employment and hiring practices
- Community engagement and support services
- Supplier diversity
- Own and operate 80 MW of battery energy storage systems, which will help position Georgia as a leader in storage in the Southeast. Battery energy storage systems are critical to growing and maximizing the value of renewable energy and this will provide the company the opportunity to demonstrate the deployment, integration and operation of storage to gain valuable insight into how to maximize the value of storage for customers.
- Add 2,260 MW of new renewable (solar, wind or biomass) generation to the company's energy mix, which is already one of the largest voluntary renewable portfolios in the country. With this addition, Georgia Power will continue as a leader in solar energy production and grow its renewable generation by more than 72 percent to 5,390 MW* by 2024 and increase the company's total renewable capacity to 22 percent of its already diverse portfolio.
- Continue making capital investments to ensure high reliability of the system and help ensure the company meets all state and federal environmental compliance regulations. Georgia Power will move forward with five hydro investment projects including projects at Terrora, Tugalo, Bartletts Ferry, Nacoochee and Oliver generating facilities. The company will also continue with its environmental compliance strategy, which includes comprehensive plans to safely close all 29 ash ponds while protecting water quality every step of the way and complying with all state and federal requirements.
- Retire five coal-fired units, four at Plant Hammond near Rome, Georgia, and one at Plant McIntosh near Rincon, Georgia, reducing the company's coal-fired generation capacity to approximately half of what it was in 2005. The company also will not renew its operating licenses for the Estatoah, Langdale and Riverview hydro dams.
- Income-Qualified program to provide greater financial assistance to income-qualified households that are historically under-represented in energy efficiency program participation. The program will provide the opportunity to help contribute and raise funds for customers in need of home weatherization assistance or home energy efficiency improvements.
- Income-Qualified Energy Efficiency pilot program designed to help up to 500 income-eligible residents save an estimated 20 percent of their household electric energy. This program will allow Georgia Power to cover the upfront costs of installation for eligible energy efficiency upgrades. The customer will repay the cost of the upgrades and installation through their utility electric bills via a Commission-approved tariff. The pilot program will be submitted for PSC approval by April 1, 2020, once PSC staff and the company come to an agreement on program details.
- Know the water. Be aware of any underwater hazards such as dams, rocks or debris moving on the surface or along the bottom of the water. Georgia Power provides lake levels and other current lake conditions online.
- Dive safely. Do not enter the water from a height such as a tree, ledge or bridge. Dive only in clearly marked water for safe diving.
- Swim safely. Avoid swimming alone and only swim in areas that are designated for swimming with buoys and ropes.
- Wear a life jacket. Always make sure your jacket fits properly and the straps are secured before entering the boat.
- Rebuilt an eight-mile transmission line from Plant McDonough through downtown Atlanta that is critical to the operations of customers such as the Centers for Disease Control and Prevention, Piedmont Hospital and the Atlanta Water Department.
- Invested in Self-Healing Distribution Networks, which minimize the number of customers impacted by outages and reduce restoration times with automated restoration.
- The company has installed environmental controls and made updates necessary to comply with the Mercury and Air Toxics Standards Rule; the Clean Water Act (CWA); CWA's 1982 Steam Electric Power Plant Effluent Limitations Guidelines; the Resource Conservation and Recovery Act; and Georgia Rules for Solid Waste Management, which includes the State Coal Combustion Residuals (CCR) Rule.
- Georgia Power is in the process of closing its 29 ash ponds across the state. The company is completely removing the ash from 19 ponds located adjacent to lakes or rivers and is closing the remaining 10 ponds using advanced engineering methods and closure technologies to help ensure water quality is protected.
- Continuing to offer the low-income senior citizen discount. Currently, customers over the age of 65 who meet the income requirements for eligibility can receive up to $24 a month off their bill.
- Eliminating fees associated with authorized payment locations and credit and debit card payments.
- Adding a Pay-by-Day rate plan – giving residential customers a seventh rate option and even more control over their energy costs. Through this rate plan, customers can prepay money into their account and the same flat charge would be deducted daily from their account balance throughout the year.
- Expanding its FlatBill® rate plan, which offers a 12-month fixed contract price, making it available to customers earlier by eliminating the one-year waiting period for pre-existing homes.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: At www.georgiapower.com/storm, customers can sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
- Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in pools.
- Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
- Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
- Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
- Have a Water Safety Plan – Know what to do during an emergency.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- The individual becomes angry and tells the customer his or her account is past due, and service will be disconnected if a large payment isn't made – usually within less than an hour.
- The individual instructs the customer to purchase a pre-paid debit or credit card – widely available at retail stores – then call him or her back to supposedly make a payment to the company.
- The individual asks the customer for the prepaid card's receipt number and PIN number, which grants instant access to the card's funds.
- Whenever a field service representative or one of our contractors visits your home or business, they will provide proper identification. If you have further concerns, please contact customer care at 1-800-427-5463 to confirm that a representative has been scheduled to perform work at your premises.
- Atlanta Gas Light will never call customers regarding their natural gas bill. While we maintain the pipeline infrastructure, respond to emergencies and read meters every month, we do not bill customers directly. Certified marketers sell natural gas to customers served by Atlanta Gas Light and bill their customers for usage directly.
- If you want to verify that the call is legitimate, request to have the representative confirm information about your account that only you and your marketer would know, including the date of your last payment, the amount of your last payment and your account number.
- Any customer who has doubts about the legitimacy of any call from Atlanta Gas Light should call us directly.
- Bat House and Birdhouse Build – Georgia Power employees in Atlanta will spend the day building bat houses and birdhouses that will be donated to community non-profits across the state.
- Garden Expansion at Murphy-Harpst Children Center – Georgia Power employees at Plant Bowen in Bartow County will spend the day planting vegetable and herb gardens, as well as plants, bushes and flowers.
- Pollinator Pathway Gardens – Georgia Power employees in Tifton will spend the day planting bee gardens to attract pollinators that will ultimately fertilize plants, resulting in the formation of fruit seeds.
- Proctor Creek Cleanup – Georgia Power employees will spend the day collecting trash at Proctor Creek at Lindsay Street Park in Atlanta.
- Lake Jackson Cleanup - Georgia Power Department of Environmental and Natural Resources spent the day at Lake Jackson in Butts County collecting trash, planting flowers, placing bat houses and creating a butterfly meadow.
- Nest and Atlanta Habitat Smart Home Build – Georgia Power partnered with Nest and Atlanta Habitat for Humanity to build the first smart energy home in the city.
- Obey the Rules of Work Zone: (1) Pay attention (2) Slow down (3) Watch for workers
- Expect the Unexpected. Things may change quickly. Normal speed limits may be reduced, traffic lanes may be closed, narrowed, or shifted, and people may be working on or near the road.
- Don't Speed. Obey the posted speed limit, even when workers are not present. In 2016, there were 190 work zone fatal crashes where speeding was a factor.
- Don't Tailgate. Keep a safe distance between you and the car ahead of you and the construction workers and their equipment.
- Obey Road Crew Flaggers and Pay Attention to Signs. Failure to obey speed limit signs or a flagger's traffic control directions can result in hefty fines and/or imprisonment.
- Stay Alert and Minimize Distractions. Give your full attention to the roadway and avoid changing radio stations or using cell phones and other electronic devices while approaching and driving in a work zone.
- Georgia is a Hands-Free state. As of July 2018, it's now illegal to hold your phone while driving in the state of Georgia. Drivers caught using their phones while not parked face a $50 fine, which doubles upon their second offense.
- Call or Click Before You Dig: When starting an outdoor digging project, customers are advised to contact JULIE by dialing 811 or visiting Illinois1call.com to request to have underground utility lines marked at least two business days in advance. Requests to have utility operators mark underground lines, including natural gas, electric, water, sewer, telephone and cable lines, can be made 24-hours a day, seven days a week and is free.
- Allow the Required Time for Marking: After contacting JULIE, wait the required 48 business hour timeframe to have underground utility lines marked before digging. The approximate location of underground utility lines will be marked with color-coded spray paint, flags or stakes that correspond to the utility. The color used for natural gas is yellow.
- Respect the Marks: Only use hand digging tools to carefully uncover the area around a utility line when you need to dig close by.
- Excavate Carefully: Make sure the marks remain visible during the project. If the lines are damaged or removed, customers are encouraged to contact JULIE to have lines remarked. If a natural gas line is damaged accidentally or the distinctive rotten egg odor associated with natural gas is present, call 911 or the Nicor Gas 24-hour emergency phone line at 1-888-Nicor4U (888-642-6748) from a safe location. Do not operate any machinery or equipment that might cause a spark or open flame.
- Call or Click Before You Dig: When starting an outdoor digging project, customers are advised to dial 811 or visit georgia811.com to request to have underground utility lines marked at least 48 hours in advance. Requests to have utility operators mark underground lines, including natural gas, electric, water, sewer, telephone and cable lines, can be made 24-hours a day, seven days a week and is free.
- Allow the Required Time for Marking: Before doing any digging, customers are urged to call 811 or visit georgia811.com and wait the required time to have underground utility lines marked. The approximate location of underground utility lines will be marked with color-coded spray paint, flags or stakes that correspond to the utility. The color used for natural gas is yellow.
- Respect the Marks: Only use hand digging tools to carefully uncover the area around a utility when you need to dig close by. Also call to have the lines remarked, if needed.
- Excavate Carefully: Make sure the marks remain visible during the project. If the lines are damaged or removed, customers are encouraged to call 811 or visit georgia811.com to have lines remarked.
- More than 23,000 cubic yards of concrete was placed in 2018, and nearly 600,000 cubic yards for the project to date, enough to build a sidewalk from Miami to Seattle. In addition, more than 16,200 yards, or nine miles, of piping was installed in 2018 alone.
- The Unit 4 pressurizer, which will provide pressure control inside the reactor coolant system once the unit begins operating, was placed inside the containment vessel in February.
- The integrated head package (IHP) was set inside the Unit 3 containment vessel in late January. The IHP, weighing 475,000 pounds and standing 48-feet tall, combines several separate components in one assembly and allows the rapid removal of the reactor vessel head during a refueling outage.
- Progress also continues on the Unit 3 shield building, with additional double-decker panels placed in January. A total of eight six-panel sections have been placed, with each one measuring 20 feet tall and 114 feet wide, and weighing up to 300,000 pounds. To date, more than half of the shield building panels have been placed for Unit 3. The shield building panels, fabricated in Newport News, Va., provide structural support to the containment cooling water supply and protect the containment vessel, which houses the reactor vessel and associated equipment.
- Focus on the Fridge: Proper cleaning of the fridge can reduce its energy consumption. Start by dusting/removing the dirt from refrigerator coils, removing food to allow air to circulate which increases efficiency. Make sure refrigerators are not placed in direct sunlight or near the oven to maintain a cold temperature.
- Watch the Windows: Cleaning windows or dusting blinds? Be sure to leave them open to take advantage of natural light during the day. Consider opening windows, and turning off your A/C, when cooler weather allows.
- Fire up the Grill: Reduce the temperature inside your home by using an outdoor grill or smoker instead of indoor ovens and stoves.
- Think Thermostat: Set manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle.
- Tune up the A/C: Have your A/C unit professionally serviced now to ensure it's running efficiently and ready for summer. Earn up to a $50 rebate when you get your system assessed and serviced with our HVAC Service Program. Learn more at www.georgiapower.com/residentialHVAC. Also, when doing yard work, be sure to trim nearby plants and cut grass away from around the A/C units so it can receive proper air flow.
- Delta Electronics – Delta is devoted to systematically developing new high-efficiency and energy-saving products and technologies. Delta's platform will enable the LG Chem battery energy storage system by forecasting and scheduling operations to automate energy bill savings.
- ecobee – ecobee smart thermostats will ensure Smart Neighborhood residents are comfortable in their homes. With room sensors, homeowners can manage hot or cold spots, and with built-in Amazon Alexa Voice Service, homeowners can even ask it to order groceries or read the news.
- LG Chem – LG Chem Energy Storage System stores electric energy for later consumption. These systems provide optimal energy storage solutions for the users of the state-of-the-art energy storage system with a long lifespan and top-notch quality. The in-home battery energy storage system will give Smart Neighborhood homeowners additional peace of mind with a reliable and safe source of backup power.
- Vivint – Vivint delivers an integrated smart home system with in-home consultation, professional installation and 24/7 customer support. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.4 million customers throughout the U.S. and Canada.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Build an Emergency Kit – A well-built kit should contain enough supplies to get you and your family through three days without electricity or running water.
- Power Restoration Process – Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
- Assessing Conditions – Before restoration crews can get to work, damage assessment teams identify trouble spots and the resources needed to fix it.
- Downed Tree Safety – Downed trees are usually the cause of an outage after a storm. Never attempt to pull tree limbs off wires yourself.
- Generator Safety – Never use generators in an enclosed space. They produce dangerous carbon monoxide that can't be seen or smelled.
- Storing Food and Medicine in an Outage – During an outage, it's important to know how to safely store your food and medicine.
- Beware of phone calls demanding payment via phone. Georgia Power will never ask for a credit card or pre-paid debit card number over the phone. If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, they should hang up and contact the company's 24-hour customer service line at 888-660-5890.
- Georgia Power employees are easy to identify. If a Georgia Power employee has a service-related reason to visit your home or business, they will always be wearing a Georgia Power employee ID badge, in uniform and in a company-branded vehicle.
- Georgia Power does not demand payment in person at your home or business. If an account becomes past due, Georgia Power will contact the customer via a prerecorded message to the primary account telephone or by letter requesting that the customer call Georgia Power to discuss the account. The company will not ask customers to pay anywhere other than an Authorized Payment Location.
- Continuous, real-time monitoring of the water as it is being treated and moves through the system to help ensure the treatment facility is operating effectively. Safeguards in place include automatic shutoff of the system so that the water is retained on site until treatment standards are met.
- Dewatering discharge will be sampled on a weekly basis. The samples will be collected by an independent, third-party contractor and tested by an independent, third-party accredited laboratory. These test reports will be sent to EPD and posted on Georgia Power's website.
- Water samples will be taken from Lake Sinclair twice per month, upstream and downstream of the discharge. These samples will also be sent to the independent, third party accredited laboratory for testing. The test results will be reported to EPD and made available on Georgia Power's website.
- Requesting the decertification of four coal units at Plant Hammond near Rome, Ga.
- Requesting the decertification of one coal unit at Plant McIntosh near Rincon in southeast Georgia.
- Seeking approval to issue two Requests for Proposals (RFPs) to explore potential market opportunities for future generation needs.
- Acknowledging the continued economic pressure felt on coal-fired units, including Plant Bowen units 1 and 2 in Cartersville, Ga.
- Proposing not to renew its operating licenses for the company's Langdale and Riverview hydro project dams (representing 0.4 MW of generating resources) located on the Chattahoochee River in west Georgia, initiating a multi-year review process with the Federal Energy Regulatory Commission that includes a request for eventual removal of the dams.
- Seeking approval of the environmental compliance strategy, which includes Georgia Power's plans to permanently close all of its ash ponds in full compliance with the federal Coal Combustion Residuals (CCR) rule, as well as the more stringent requirements of Georgia's state CCR rule.
- Keep space heaters away from furniture, curtains, sinks, tubs and water. Do not lay rugs or carpet over the cord. Do not use heaters if the cord is frayed or broken, and do not use an extension cord. Turn off heaters before leaving home or going to bed.
- Never use generators indoors. They can produce a dangerous gas called carbon monoxide that you cannot see or smell. Be sure to follow manufacturers instructions carefully.
- Do not place appliance cords where they will come in contact with the stove or other heated surfaces. Do not hang appliance cords over countertops, where they might be accidentally pulled down.
- Worn or frayed appliance cords can cause fires, electric shock and even electrocution. Inspect cords regularly to assess wear and replace cords as needed.
- Only use surge protectors with internal circuit breakers. These units will trip the breaker if the power strip is overloaded and shorted to prevent overheating.
- Prevent overloading equipment and circuits. It can cause insulation to burn, create sparks and leave exposed wires.
- Prevent oil and dirt buildup on electrical appliances which can cause electrical equipment to overheat and short-circuit.
- Know where the nearest fire extinguishers are and how to use them. Only Class C extinguishers are safe to use on energized electrical equipment.
- GeorgiaPower.com: Housed within the website, Georgia Power has safety tips for homes and businesses for a variety of issues. Find fire safety information HERE.
- Facebook.com/GeorgiaPower: Connect with Georgia Power on Facebook for current information and safety tips.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Stay safe around downed power lines. Severe winter weather can cause trees and power lines to fall on cars and roadways. If you see a downed power line, call 911 or Georgia Power immediately and, if you are trapped in your car by a downed power line, do not try to exit the vehicle before first responders arrive.
- Watch for utility crews and GDOT vehicles working on the roads. Utility linemen are included in Georgia's "Move-Over Law," which requires drivers to move over one lane when utility crews are working on the roadside.
- Pay attention to alerts and advisories. Stay off the roads as much as possible before, during and after winter weather and wait until GDOT provides an "all clear" to travel. Dial 511 from your mobile phone to access GDOT's Travel Information System.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- with respect to each series of Fixed Rate Notes, the Tender Offer Consideration was determined in the manner described in the Tender Offer Documents by reference to the applicable fixed spread specified in the table above for such series of Fixed Rate Notes plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above for such series of Fixed Rate Notes as quoted on the Bloomberg Bond Trader PX3 series of pages at 11:00 a.m., Eastern time, on January 23, 2019 (the "Expiration Date"); and
- with respect to the Floating Rate Notes, the Tender Offer Consideration is the amount set forth in the table above under the heading "Consideration per $1,000 Principal Amount."
- Keep space heaters away from furniture, curtains, sinks, tubs and water. Do not lay rugs or carpet over the cord. Do not use heaters if the cord is frayed or broken, and do not use an extension cord. Turn off heaters before leaving home or going to bed.
- Check for outlets that have loose-fitting plugs, exposed wires or broken plates. Have them fixed by a qualified electrician.
- Prevent overloading equipment and circuits. It can cause insulation to burn, create sparks and leave exposed wires.
- Prevent oil and dirt buildup on electrical appliances which can cause electrical equipment to overheat and short-circuit.
- Know where the nearest fire extinguishers are and how to use them. Only Class C extinguishers are safe to use on energized electrical equipment.
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Focus on the Fireplace – Close the flue damper tightly or leave cracked if it's a standing pilot light when the fireplace is not in use. Consider increasing fireplace efficiency with a heat-circulating fireplace and chimney adapter system.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house and save up to $100 a year in energy costs.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- with respect to each series of Fixed Rate Notes, will be determined in the manner described in the Tender Offer Documents by reference to the applicable fixed spread specified in the table above for such series of Fixed Rate Notes plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above for such series of Fixed Rate Notes as quoted on the Bloomberg Bond Trader PX3 series of pages at 11:00 a.m., Eastern time, on January 23, 2019, unless extended or earlier terminated; and
- with respect to the Floating Rate Notes, will be equal to the amount set forth in the table above under the heading "Consideration per $1,000 Principal Amount."
- requestor's name
- contact information (address, email and phone number)
- brief summary of situation
- More than 4,800 spans of wire down (or over 220 miles)
- Approximately 2,000 broken or damaged power poles
- More than 1,200 fallen trees
- More than 1,000 transformers damaged
- Amanda Kay, Woodstock (Cherokee County School District)
- Emily Black, Lawrenceville (Gwinnett County Public Schools)
- Jacob Van Yush, Lawrenceville (Gwinnett County Public Schools)
- Linda Potts Causey, Lilburn (Gwinnett County Public Schools)
- Lucie Nguyen, Cumming (Gwinnett County Public Schools)
- Gerardo Rodriquez Jr., Marietta (Cobb County School District)
- Jessica Wise, Mableton (Cobb County School District)
- Jacquelyn Pressley, Rex (Henry County School District)
- Quanah Zachary Trevor Fields, Chatsworth (Murray County Schools)
- Kateland Paige Saylor, Tunnel Hill (Catoosa County Schools)
- Mildred Rabun, Newnan (Coweta County Schools)
- Melissa Davis, Carrollton (Carroll County Schools)
- James Michael Rutherford, Milton (Forsyth County Schools)
- Brian Alfonso Heredia, Athens (Clarke County School District)
- Charlotte Downey, Gainesville (Gainesville City Schools)
- Chauntilena Butler, Augusta (Richmond County School District)
- Hunter Peace, Harlem (Columbia County Schools)
- Marielba Mata, Evans (Columbia County Schools)
- Trevor Duba, Suwanee (Dawson County Schools)
- Zanquisha Monique Lodge, Wadley (Jefferson County Schools)
- Amanda Lauren Cuff, Albany (Dougherty County Schools)
- Ashley Denby, Cordele, (Crisp County Schools)
- Shaquille Levonte Zellner, Jackson (Butts County Schools)
- Maxwell Elliott, Fayetteville (Butts County Schools)
- Jacob David Chesser, Lowndes (Lowndes County Schools)
- Lisa Burns, Hahira (Lowndes County Schools)
- Carra Glenn, Columbus (Muscogee County Schools)
- Jose Ruiz, Columbus (Muscogee County Schools)
- Georgia Bradley Tucker, Barnesville (Lamar County Schools)
- Terica T'Onni Hall, Columbus (Quitman County Schools)
- Nathanael Taylor Westray, Warner Robins (Bibb County Schools)
- Sharkethia Andria Johnson, Greenville (Houston County Schools)
- Jordan Adicks, Gray (Jones County Schools)
- Kooper Faith Grace, Thomaston (Taylor County Schools)
- Ashlan Curl, Brunswick (McIntosh County Schools)
- Emily Elaine Thompson, Savannah (Effingham County Schools)
- Jacob Louis Baxter, Savannah (Savannah Chatham County Public Schools)
- Lindsey Marie Bussell, Pooler (Savannah Chatham County Public Schools)
- Jazmine Brown, Savannah (Savannah Chatham County Public Schools)
- Susannah Mize, Saint Simons Island (Glynn County Schools)
- Michael David Mascolo, Statesboro (Bulloch County Schools)
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Dec. 3 – Regional Risks- Understand what weather risks impact Georgia
- Dec. 4 – Watch vs. Warning- Knowing the difference could save your life
- Dec. 5 – Stay Connected- Resources like emergency alerts & outage maps help you stay informed
- Dec. 6 – Winter road safety- What to do on the roads after the storm
- Dec. 7 – Equipped with an Emergency Kit- Find out where to start and what to pack
- *$30 dollars off ecobee3, additional $69.50 off with instant rebate
- *$50 dollars off ecobee4 with Alexa voice, additional $75 off with instant rebate
- *$70 off Nest learning thermostat, additional $75 off with instant rebate
- *$30 off Nest Thermostat E, additional $69.50 off with instant rebate
- $70 off the Nest Cam indoor security camera
- $50 off the Nest outdoor security cam
- $50 off of the Nest Hello video doorbell
- $20 off the Nest Protect smoke + carbon monoxide alarm
- $50 off Google Home Hub
- 50% off ecobee two-pack room sensors
- 50% off Hive Welcome Home
- 35% off Hive Starter kit
- 35% off Hive Close 2 Home
- 35% off Hive Heating & Cooling Pack
- Certified ENERGY STAR LED light packs – as low as $1 per bulb
- If an account becomes past due, Georgia Power will contact the customer via a prerecorded message to the primary account telephone or by letter requesting that the customer call Georgia Power to discuss the account.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, the customer should contact the company's 24-hour customer service line at 888-660-5890. Customers can also contact customer service via email at www.georgiapower.com or stop by a local Georgia Power business office.
- If an employee needs to visit a customer's home or business for a service-related issue, they will be in uniform and present a badge with a photo, their name and the company's name and logo. They will also be in a vehicle marked with the company's logo.
- More than 400 therms were saved with the installation of each industrial air curtain in a distribution warehouse.
- A big box retailer saved more than 2,300 therms and $1,700 with a condensing rooftop unit module.
- Modulating gas valve retrofits on commercial clothes dryers provided an average gas savings of 333 therms per dryer.
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house, and save up to $100 a year in energy costs.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- Keep space heaters away from furniture, curtains, sinks, tubs and water. Do not lay rugs or carpet over the cord. Do not use heaters if the cord is frayed or broken, and do not use an extension cord. Turn off heaters before leaving home or going to bed.
- Check for outlets that have loose-fitting plugs, exposed wires or broken plates. Have them fixed by a qualified electrician.
- Do not place appliance cords where they will come in contact with the stove or other heated surfaces. Do not hang appliance cords over countertops, where they might be accidentally pulled down.
- Worn or frayed appliance cords can cause fires, electric shock and even electrocution. Inspect cords regularly to assess wear and replace cords as needed.
- Only use surge protectors with internal circuit breakers. These units will trip the breaker if the power strip is overloaded and shorted to prevent overheating.
- Use safety covers on all outlets accessible to children.
- Prevent overloading equipment and circuits. It can cause insulation to burn, create sparks and leave exposed wires.
- Prevent oil and dirt buildup on electrical appliances which can cause electrical equipment to overheat and short-circuit.
- Know where the nearest fire extinguishers are and how to use them. Only Class C extinguishers are safe to use on energized electrical equipment.
- GeorgiaPower.com: Housed within the website, Georgia Power has safety tips for homes and businesses for a variety of issues. Find fire safety information HERE.
- Facebook.com/GeorgiaPower: Connect with Georgia Power on Facebook for current information and safety tips.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- More than 3,500 spans of wire down (or over 130 miles)
- Approximately 1,000 broken or damaged power poles
- More than 900 fallen trees
- More than 200 transformers damaged
- Bainbridge area - Tuesday, Oct. 16 by 8 PM
- Albany area - Monday, Oct. 15 by 8 PM
- Americus area – RESTORATION COMPLETED
- Macon and Central Georgia area – RESTORATION COMPLETED
- Columbus and West Georgia area – RESTORATION COMPLETED
- Augusta area - RESTORATION COMPLETED
- Savannah and Coastal area - RESTORATION COMPLETED
- More than 3,500 spans of wire down (or over 130 miles)
- Approximately 1,000 broken or damaged power poles
- More than 900 fallen trees
- More than 200 transformers damaged
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Bainbridge area - Tuesday, Oct. 16 by 8 PM
- Albany area - Monday, Oct. 15 by 8 PM
- Americus area - Saturday, Oct. 13 by 10 PM
- Macon and Central Georgia area - Saturday, Oct. 13 by 10 PM
- Columbus and West Georgia area – RESTORATION COMPLETED
- Augusta area - RESTORATION COMPLETED
- Savannah and Coastal area - RESTORATION COMPLETED
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Bainbridge area - Tuesday, Oct. 16 by 8 PM
- Albany area - Monday, Oct. 15 by 8 PM
- Americus area - Saturday, Oct. 13 by 10 PM
- Macon and Central Georgia area - Saturday, Oct. 13 by 10 PM
- Columbus and West Georgia area - Friday, Oct. 12 by 8 PM
- Augusta area - Friday, Oct. 12 by midnight
- Savannah and Coastal area - Friday, Oct. 12 by 6 PM
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Bainbridge area by Tuesday, Oct. 16 by 8 PM
- Albany area by Monday, Oct. 15 by 8 PM
- Americus area by Sunday, Oct. 14 by 10 PM
- Macon and Central Georgia area by Sunday, Oct. 14 by 10 PM
- Columbus and West Georgia area by Saturday, Oct. 13 by 5 PM
- Augusta area by Friday, Oct. 12 by midnight
- Savannah and Coastal area by Friday, Oct. 12 by midnight
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- There are approximately 95,000 Georgia Power customers currently without power.
- More than 2,095 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread across Central and South Georgia with the hurricane impacting service to customers around Albany, Americus, Bainbridge, Macon, Valdosta, Vidalia and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Power has been restored to 234,000 Georgia Power customers across the state.
- There are approximately 116,000 Georgia Power customers currently without power.
- Approximately 2,700 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Albany, Americus, Bainbridge, Macon, Valdosta and Vidalia.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Protect electronics and appliances. Disconnect or turn off any appliances that will start automatically when power returns to avoid overloading circuits when power is restored.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- As of 5:30 a.m. Thursday, there are more than 200,000 customers without power in Georgia and more than 2,700 individual cases of damage (including broken poles and lines) the company is working to repair.
- Damage and outages are primarily concentrated in Middle, South and West Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Advanced Emission Purification systems, which remove approximately 98 percent of sulfur dioxide emissions
- Air lubrication systems to reduce drag and increase fuel efficiency
- Energy management software, an industry first, to achieve top fuel efficiency
- The introduction of new fuels such as liquefied natural gas, in the near future
- Onboard the ship: the use of energy-efficient equipment in galleys and the replacement of incandescent bulbs with fluorescent and LED lighting, as well as the introduction of fuel cells
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power storm page https://georgiapower.com/in-your-community/storm-center/before/prepare-hurricane.cshtml for information on how to build a family emergency plan and emergency supply kit.
- 4.40% Series Preferred Stock, Par Value $100 Per Share CUSIP No. 605417203
- 4.60% Series Preferred Stock, Par Value $100 Per Share CUSIP No. 605417302
- 4.72% Series Preferred Stock, Par Value $100 Per Share CUSIP No. 605417401
- Depositary Shares Each Representing 1/4th of a Share of 5.25% Series Preferred Stock, Cumulative, Par Value $100 Per Share CUSIP No. 605417773 (NYSE: MP-D)
- Series G 5.40% Senior Notes due July 1, 2035 CUSIP No. 605417BT0
- Series 2009A 5.55% Senior Notes due March 1, 2019 CUSIP No. 605417BW3
- 4.40% Series Preferred Stock: $104.32 per share plus accrued dividends of $0.268889 per share
- 4.60% Series Preferred Stock: $107.00 per share plus accrued dividends of $0.281111 per share
- 4.72% Series Preferred Stock: $102.25 per share plus accrued dividends of $0.288444 per share
- Depositary Shares: $25 per share plus accrued dividends of $0.080208 per share
- Customers are advised to leave their natural gas service operational during a hurricane or severe storm. Most modern gas appliances have safety valves that shut off the flow of natural gas automatically with a loss of gas pressure or flooding of the appliances.
- Leaving the appliance operational could prevent further damage of water getting into the customer's fuel line or appliance control valves.
- Electronic ignition appliances will not come on when the power source has been impacted.
- Lowering the temperature on the central heat at the thermostat and turning the water heater to its lowest hot water setting would be the best option.
- If you are uncomfortable leaving your appliances operational, contact a trained professional (certified plumber or HVAC rep) to shut off your appliances at the cutoff valves. When it is safe to do so, have them return to turn the valves back on, leak test the line and turn on and test the appliance for safe operation.
- If flooding occurs at a residence or business and the gas appliances are under water, customers are advised not to operate their appliances until a safety inspection is conducted by a certified plumber or HVAC representative.
- If customers smell the distinctive rotten-egg odor associated with natural gas, they should leave the area immediately and move a safe distance away from the potential leak, while avoiding any action that may cause sparks.
- Customers should never try to identify the source of a leak or stop the leak themselves.
- Avoid using any sources of ignition, such as cell phones, cigarettes, matches, flashlights, electronic devices, motorized vehicles, light switches or landlines, as natural gas can ignite from a spark, possibly causing a fire or explosion.
- Customers should call the Virginia Natural Gas 24-hour emergency response line at 1-877-572-3342 or 911 once they are in a safe place out of the area of the suspected leak. They should also stay away until Virginia Natural Gas or emergency personnel indicates it is safe to return.
- Strong winds and saturated ground could cause trees to become uprooted. Before removing downed trees, customers should contact VA811 by calling 811 to have the location of underground utility lines marked because downed trees could become tangled with the natural gas lines.
- If a natural gas meter is damaged or natural gas line is exposed, customers should immediately leave the area and call the Virginia Natural Gas 24-hour emergency response line at 1-877-572-3342 or 911 from a safe location.
- Customers are encouraged to know where to locate their natural gas meter.
- Following a weather emergency, customers should ensure the natural gas meter is visible, and the area surrounding the meter is free of trash and debris. Mechanical equipment used after the storm to clean up a location may damage the meter if it is hidden.
- If a natural gas meter is damaged or an underground gas line is exposed, customers should immediately leave the area, and call the Virginia Natural Gas 24-hour emergency response line at 1-877-572-3342 or 911 from a safe location.
- During a power outage, natural gas generators provide continuous fuel supply from an existing natural gas line. While these units are available in a range of sizes to meet various energy needs, customers are encouraged to contact Virginia Natural Gas prior to purchase and installation to determine whether their service line and meter meets load requirements for the generator's safe and efficient operation.
- To ensure the safe, proper operation of natural gas appliances, such as a furnace and water heater, and to prevent the potentially hazardous buildup of carbon monoxide within your home or business, ensure that outdoor vent openings and air intakes are not obstructed.
- If customers smell natural gas or suspect carbon monoxide is present in their home or business, they should immediately leave the area and call the Virginia Natural Gas 24-hour emergency response line at 1-877-572-3342 or 911 from a safe location.
- Residents are encouraged to seek medical attention immediately if anyone in their home or business experiences possible symptoms of carbon monoxide poisoning, which include headache, dizziness, fatigue, nausea and vomiting.
- Class A Preferred Stock
- $25.00 Capital Value
- 5.25% - $.328125 per share
- Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
- Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in pools.
- Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
- Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
- Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
- Have a Water Safety Plan – Know what to do during an emergency.
- Georgia Power does not demand payment in person at your home or business. If an account becomes past due and is subject to disconnection, Georgia Power will contact the customer via a prerecorded message to the primary account telephone or by letter requesting that the customer call Georgia Power to discuss the account. The company will not ask customers to pay anywhere other than an Authorized Payment Location.
- Beware of phone calls demanding payment via phone. Georgia Power will never ask for a credit card or pre-paid debit card number over the phone. If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, they should hang up and contact the company's customer service line at 888-660-5890.
- Georgia Power employees are easy to identify. If a Georgia Power employee has a service-related reason to visit your home or business, they will always be wearing a Georgia Power employee ID badge, in uniform and in a company vehicle.
- Gulf Power, which serves approximately 450,000 customers in eight counties throughout northwest Florida and has roughly 9,500 miles of power lines and 2,300 megawatts (MW) of electric generating capacity;
- Florida City Gas, which serves approximately 110,000 residential and commercial natural-gas customers in Florida's Miami-Dade, Brevard, St. Lucie and Indian River counties with 3,700 miles of natural gas pipelines;
- 100 percent ownership interest in Plant Oleander, a natural-gas fueled, simple-cycle combustion turbine electric generation plant located near Cocoa, Florida, with a generating capacity of 791 MW and power purchase agreements with the Florida Municipal Power Agency and Seminole Electric Cooperative; and
- 65 percent ownership interest in Stanton Energy Center, a combined-cycle electric generating unit, with a generating capacity of approximately 660 MW, located near Orlando, Florida. The 65 percent interest is contracted with the Orlando Utilities Commission and Florida Municipal Power Agency.
- Use your Fans – A ceiling fan will allow you to raise the thermostat setting by as much as 4 degrees Fahrenheit with no reduction in comfort. During moderately hot weather, ceiling fans may allow you to avoid using your air conditioner altogether.
- Air Vents – To maintain consistent temperatures throughout your home, keep air vents and registers clear of obstructions such as furniture, curtains and rugs.
- Pool Planning – Pool pumps can use a significant amount of energy when running constantly. Operate pool pumps the minimum number of hours needed to keep the pool clean and invest in a timer to control hours of operation. Also, consider using a pool cover for additional energy savings.
- Fire Up the Grill – Reduce the temperature inside your home by using an outdoor grill or smoker instead of indoor ovens and stoves.
- Think Thermostat – Set manual thermostats to 78 degrees Fahrenheit in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle.
- Talent Pipeline: workforce breakdown, recruitment, diameter of existing talent, structures
- Talent Development: employee resource groups, mentoring, philanthropy, movement, fairness
- Leadership Accountability: responsible for results, personal communications, visibility
- Supplier Diversity: spend with companies owned by people from underrepresented groups, accountability, support
- Class A Preferred Stock
- $25.00 Capital Value
- 5.25% - $.328125 per share
- Class A Preferred Stock
- $25.00 Capital Value
- 5.25% - $.328125 per share
- Significant progress and construction milestones reached since January including the placement of the 306-ton Unit 4 reactor vessel.
- Lower costs for the project and benefits for Georgia Power customers due to changes in federal tax laws and full receipt of the Toshiba parent guarantee payments.
- A continued commitment to the community by workers at Plant Vogtle including volunteer events for the MLK Day of Service in February and a special partnership with the United Way.
- A behind-the-scenes look at the Vogtle Emergency Response Team, a 70-member team trained as first responders for workplace emergencies and injuries to site personnel.
- Smart Usage – This plan can provide savings by implementing small changes in how and when you use electricity. Electric appliances such as clothes dryers, ovens and dishwashers are some of the biggest energy users and, by using these appliances at different times, you can reduce your monthly energy bill.
- FlatBill® – This plan offers a 12-month fixed contract price that does not fluctuate when your power usage does – eliminating surprises and preventing higher bills during the summer months.
- Plug-In Electric Vehicle (PEV) – A great option for electric vehicle (EV) drivers who can charge their EVs during nighttime hours and take advantage of lower-priced energy.
- Nights & Weekends – If you can shift when you use electricity during the summer months to the evening, the Nights & Weekends rate is for you. By changing when you wash dishes, do laundry or cool your home, savings add up annually.
- PrePay – One of Georgia Power's newest rate plans, this option allows you to pay as you go and add funds as needed. This plan requires no deposit, credit check or reconnection fees.
- Fire Up the Grill: Reduce the temperature inside your home by using an outdoor grill or smoker instead of indoor ovens and stoves.
- Think Thermostat: Set manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle.
- Tune Up the A/C: Have your air conditioner professionally serviced now to ensure it's running efficiently. Change filters and trim plants around outside units so they can receive proper air flow.
- $16.2 million from Georgia Power and Georgia Power Foundation, Inc. Contributions were centered on the company's five focus areas of giving of Education, Arts and Culture, Environment, Civic and Community, as well as Health and Human Services
- $526,000 raised by Citizens of Georgia Power. With local chapters throughout the state, Citizens of Georgia Power is the company's employee-led volunteer organization
- $3.5 million of total volunteer hour value. Thousands of employees made the most of every minute of volunteering with more than 147,000 hours donated by Citizens of Georgia Power and Ambassadors, the company's retiree volunteer organization.
- $901,000 raised through annual Club of Hearts campaign. The Club of Hearts is the company's annual employee giving campaign, which highlights the work of Georgia non-profit organizations and community service agencies for employees and provides a simple way for them to give.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Arm & Hammer® Enhanced 4-Pack ($35.96): helps reduce common household allergens and odors, including pet dander, pollen, dust, lint and dust mites with unscented odor-fighting power, so it cleans the air rather than masking smells.
- DuPont™ High Allergen Care Electrostatic Air Filter 4-Pack ($49): up to 30 times more efficient at reducing allergens than a typical fiberglass filter, utilizing state-of-the-art technologies in particle control to capture pollen, pet dander, dust, smoke, mold spores and ragweed.
- Accumulair™ Diamond Air Filter 4-Pack ($55.96): one of the most efficient air filters on the market featuring an electrostatically charged surface that captures airborne allergens smaller than one micron. Captures bacteria, viruses, fine dust, mold spores, pollen, smoke and dust particles, fungus, pet dander and lint.
- DuPont™ ProClear Ultimate Allergen Electrostatic Air Filter 4-Pack ($75.96): electrostatic mini pleats create a greater surface area for high-capacity filtration and capturing microscopic allergens. Reduces airborne allergens including pollen, mold spores, dust mite debris, ragweed, smoke, pet dander, dust/lint, fungus, bacteria and particles that carry viruses.
- Sengled Pulse ($149) – The Sengled Pulse combines the energy efficiency of a dimmable LED light with the high-quality audio of a JBL® Bluetooth speaker that you can control with your iOS or Android device. Insert the Pulse into any standard light socket and enjoy dimmable lighting without the fuss of speaker wires and power cords.
- Lutron Caseta Wireless Smart Lighting and Dimmers ($29-190) – Lutron dimmers are a simple and inexpensive way to add ambiance to any room in your home, while saving energy and extending bulb life. The Maestro dimmer sensor is perfect for highly trafficked rooms or areas in your home where dimming is still desired, and can be programmed to operate as an occupancy sensor or vacancy sensor.
- Niagara Water Saving Products ($6-24) – Niagara water savings products are affordable and easy to use. They use a non-removable flow compensator to guarantee a feeling of great force while using a maximum of 1.5 gallons of water per minute. The products are self-cleaning, and the non-aerated spray means less temperature loss between the showerhead and you with a consistent flow regardless of the water pressure.
- Focus on the Fridge: Proper cleaning and maintenance of the refrigerator, such as dusting the dirt from refrigerator coils and removing food to allow air to circulate, can reduce its energy consumption.
- Watch the Windows: Cleaning windows or dusting blinds? Be sure to leave them open to take advantage of natural light during the day. Consider opening windows, and turning off your A/C, when cooler weather allows.
- Fire Up the Grill: Reduce the temperature inside your home by using an outdoor grill or smoker instead of indoor ovens and stoves.
- Think Thermostat: Set manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle.
- Tune Up the A/C: Have your A/C professionally serviced now to ensure it's running efficiently. Trim nearby plants around the A/C units so they can receive proper air flow.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more..
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Alarm.com – Home buyers look for security and peace of mind and Alarm.com delivers innovative home security technology. Alarm.com's smarter home security solutions include professional monitoring and connect a wide array of smart devices, making them easily controlled through a single, intuitive mobile app for home owners.
- GreenMarbles – The smart home of the future is fully automated with all home systems connected. GreenMarbles, known as Green Automation in Georgia, is an institutional integrator specializing in home automation and energy management solutions. With GreenMarbles, the home automatically responds to the homeowner's activities, location and schedules, integrating thermostats, locks, lights, garage doors and water sensors.
- Hannah Solar – Georgia is a national leader in solar energy, with solar installations of all sizes in place across the state and more customers considering solar for their homes and businesses every day. The Georgia Power Smart Neighborhood will demonstrate the effectiveness of residential solar energy with full-service solar integrator Hannah Solar installing rooftop solar panels and battery storage for each home.
- Mercedes-Benz Energy – Mercedes-Benz Energy provides home energy solutions to support the transition to a sustainable future. Their home batteries maximize clean energy usage by storing solar energy for use when the sun isn't shining. Mercedes-Benz Energy Storage Home also gives Smart Neighborhood homeowners additional peace of mind with a reliable and safe source of backup power.
- Sunverge Energy – The Sunverge Energy Distributed Energy Resource (DER) control and orchestration platform is an edge/cloud-based virtual power plant, residential battery, and home energy management systems (HEMS) control software, which allows utilities to control and orchestrate renewable DERs for better integration with the distribution grid and core utility operations. For Smart Neighborhood residents, Sunverge Energy's platform will enable the full value stacking of benefits from the Mercedes-Benz Energy battery, in conjunction with managing load via smart thermostats and grid-interactive water heaters, by forecasting and scheduling operations to automatically provide energy bill savings when paired with Georgia Power's Smart Usage or Nights & Weekends energy rate.
- Class A Preferred Stock
- $25.00 Capital Value
- 5.25% - $.328125 per share
- Full payment from Toshiba of $3.68 billion in parent guarantee payments to Georgia Power and the other Vogtle co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities. Toshiba made the payments as the parent company of former primary Vogtle contractor Westinghouse. Parent guarantees were put in place to protect Georgia electric customers as part of the original contract for the Vogtle nuclear expansion. The payments will reduce the total cost of the plant for Georgia Power with every dollar received from Toshiba being used to benefit customers.
- Customers will pay $139 million less than previously expected due to the impact of new federal tax laws and the receipt of the full amount of parent guarantee payments from Toshiba. The savings will be delivered beginning in April 2018 through a reduction in the Nuclear Construction Cost Recovery tariff on customers' bills.
- $188 million, a total of $75 each for individual customers, in bill credits as a direct result of the Toshiba parent guarantee payments. The credits were approved by the Georgia PSC as part of its order to continue construction with Vogtle 3 & 4 and will be distributed across three separate Georgia Power bills in 2018.
- Approximately $1 billion in benefits for customers due to the recent extension of federal PTCs. While PTCs do not impact the in-service cost of the units, they provide benefits to customers through a reduction in revenue requirements beginning when the units go into service and for many years beyond.
- $500 million in expected customer savings due to $5 billion in anticipated loan guarantees from the U.S. DOE, including $1.67 billion under a new conditional commitment. Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
- The successful negotiation and transition to a new services agreement with Westinghouse to provide design, engineering and support services for the project.
- Construction progress on both units, including the installation of key modules and components such as both steam generators and the Pressurizer for Unit 3, and structural modules CA02 and CA03 for Unit 4. Additionally, thousands of tons of rebar and tens of thousands of cubic yards of concrete placed throughout the site.
- Major equipment deliveries to the site including squib valves for both units, the Passive Residual Heat Removal Heat Exchanger for Unit 4 and Unit 4 Reactor Vessel Internals. A vast majority of modules and equipment needed to complete the project is now onsite
- Increased licensing efficiencies reached with the Nuclear Regulatory Commission (NRC) related to the number of Inspection, Test, Analysis and Acceptance Criteria (ITAAC) from approximately 875 per unit to 450 per unit. This effort did not reduce the scope of the ITAAC program, but streamlined the administrative requirements to both the company and the NRC.
- Continued transition to testing and startup activities for the new units, including the onboarding of 14 licensed operators from the V.C. Summer project in South Carolina, saving nearly two years of training time and costs.
- Generation – Chethan Acharya (Southern Company Services), Josh Barron (Southern Company Services), Stephen Langham (Southern Company Services), Noah Meeks (Southern Company Services), Andrew Peleaz (Georgia Power), Dean Sheffield (Southern Power) and Thomas Wideman (Southern Company Services)
- Power Delivery and Utilization – Elaine Kwarcinski (Alabama Power), Christine Ledoux (Southern Company Services), Guy Palmer (Southern Company Services), Steve Sanders (Southern Company Services), Joseph Stewart (Mississippi Power) and Christopher Taylor (Southern Company Services)
- Energy and Environment – Dorian Afanador (Southern Company Services), Bill Garrett (Alabama Power), Jonathan Ponstein (Alabama Power), Tyler Sullens (Alabama Power) and Justin Walters (Southern Company Services)
- Nuclear – Ryan Joyce (Southern Nuclear), Gary Lofthus (Southern Nuclear) and Tim Wells (Southern Nuclear)
- Thinking Thermostats – Set your thermostat to 68 degrees or lower and maintain a consistent temperature in the house. Each additional degree has a substantial impact on energy costs. Install a programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house, and save up to $100 a year in energy costs, plus Georgia Power rebates of up to $100.
- Let it Flow – Heating accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of the unit by changing the filters once a month, or every three months for pleated filters. Ensure that heating vents are clear of any obstructions, such as furniture or drapes.
- Focus on the Fireplace – Close the flue damper tightly, or leave cracked if it's a standing pilot light when the fireplace is not in use. Consider increasing fireplace efficiency with a heat-circulating fireplace and chimney adapter system.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- The Georgia Public Service Commission's unanimous approval of Georgia Power's recommendation to complete Vogtle 3 and 4 (see more information below).
- Construction progress through the fourth quarter of 2017, highlighting recent milestones including the placement of nearly 1,300 cubic yards of concrete inside the Unit 4 containment vessel, and the placement of the last "Big 6" module for the project, the 52-ton CA02 module for Unit 4.
- Plant Vogtle's continued support of local communities through volunteer efforts, charitable donations and the Vogtle Energy Education Center.
- Comments from Mark Rauckhorst, executive vice president for the Vogtle 3 and 4 project, and Joe Klecha, Vogtle 3 and 4 project director, as both recap a memorable 2017, and look forward to the exciting year ahead.
- Zachary Ralph Griffin, Macon (Bibb County School District)
- Meagan Kaylee Pittman, Perry (Houston County School District)
- Raven Davis, Savannah (Savannah-Chatham County Schools)
- Donnie Jones, Savannah (Savannah-Chatham County Schools)
- Nicole Williams Harris, Savannah (Savannah-Chatham County Schools)
- Carly Elizabeth Chevalier, Metter (Candler County School District)
- Sarah Herrin, Jesup (Wayne County School District)
- Ashley Marie Galloway, Nahunta (Brantley County School District)
- Kevin Judy, Swainsboro (Emanuel County Schools)
- Tara Swinson, Augusta (Richmond County School District)
- Keenan Jackson, Thomson (McDuffie County Schools)
- Taylor Thompson, Evans (Columbia County School System)
- John Goldberg, Evans (Columbia County School System)
- Maria L. Soto, Suwanee (Gwinnett County Public Schools)
- Randal James Taylor, Suwanee (Gwinnett County Public Schools)
- Esmeralda Trevino, Suwanee (Gwinnett County Public Schools)
- Todd Schuggerow, Cumming (Forsyth County Schools)
- Meria Carstarphen, Atlanta (Atlanta Public Schools)
- Alexander Petch, Newnan (Coweta County Schools)
- Jasmine Hill, Atlanta (Atlanta Public Schools)
- Robert Brown, Jonesboro (Clayton County Public Schools)
- Anslee Duff, Jonesboro (Clayton County Public Schools)
- Michael Claudius, Jonesboro (Clayton County Public Schools)
- David Handley, Douglas (Coffee County Schools)
- Michael Benjamin, Conyers (Rockdale County Schools)
- Chikima Brantley, McDonough (Henry County Schools)
- Maci Shearouse, McDonough (Henry County Schools)
- Darryl Baynes, Stone Mountain (DeKalb County School District)
- Chrishandra Coletha Perkins, Greensboro (Greene County School District)
- J. Seth Warner, Winder (Barrow County School District)
- Darby Smith Bozeman, Winder (Barrow County Schools)
- Chelsea Freihaut, Athens (Clarke County School District)
- Daniel Merritt, Lafayette (Walker County School District)
- Ernestina Gonzales, Chatsworth (Murray County School District)
- Marla Williams, Carrollton (Carroll County)
- Keidra Nicole Green, Cordele (Crisp County School District)
- Joseph Wiggins, Thomasville (Thomas County School District)
- Raylee Clack Etheridge, Leesburg (Lee County School District)
- Chatabious Thomas, Albany (Dougherty County School District)
- Kelly Gordon, Valdosta (Lowndes County Schools)
- Shelby Merriweather, Columbus (Muscogee County School District)
- Corey Reed, Barnesville (Lamar County School District)
- February – The energization of the Unit 4 switchyard. Once the new units are online, the switchyard takes energy from the plant and feeds it onto the power grid to serve customers across the state.
- March – Westinghouse, the primary contractor for the Vogtle nuclear expansion and designer of the AP1000 technology being used for the new units, files for bankruptcy. Georgia Power and the other co-owners were prepared for this possibility and immediately put an interim assessment agreement (IAA) in place that allowed work to continue at the site. The IAA remained in place throughout the summer, keeping thousands of workers engaged and construction moving forward. At the construction site, 19 new operators pass the initial licensing exam by the Nuclear Regulatory Commission. Once operational, the new units will employ approximately 75 highly trained nuclear operators as part of a permanent workforce of more than 800.
- May – A new service agreement that allows for the transition of project management from Westinghouse to Southern Nuclear (the Southern Company subsidiary which operates the existing units at Plant Vogtle) and Georgia Power is announced.
- June – Georgia Power enters a new agreement with Toshiba, the parent company of Westinghouse, affirming the value of Toshiba's guarantee at $3.68 billion. Parent guarantees were put in place to protect Georgia electric customers as part of the original contract for the project.
- July – The service agreement is finalized with Westinghouse which allows Southern Nuclear to oversee construction activities at the site. The scope of the service agreement includes engineering, procurement and licensing support from Westinghouse, as well as access to Westinghouse intellectual property needed for the project.
- August – The first steam generator is placed for Vogtle Unit 3. The 1.4 million-pound steam generator marked the first major lift with Southern Nuclear in charge of oversight activities at the construction site. On August 31, Georgia Power filed a recommendation, supported by all of the other co-owners, to continue construction of the Vogtle project with the Georgia PSC. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment.
- September – Georgia Power announces a new agreement with the U.S. Department of Energy (DOE) for a conditional commitment of approximately $1.67 billion in additional loan guarantees. With a total of more than $5 billion in anticipated DOE loan guarantees, Georgia Power expects to be able to provide more than $500 million in present-value benefits to its customers. Major milestones at the construction site include the placement of the deaerator for Unit 4 and the Unit 3 steam generator.
- October – Georgia Power receives the first parent guarantee payment from Toshiba in the amount of $137 million. This payment was a positive indication of Toshiba's commitment to meeting its financial obligation to the company and customers. Major milestones at the construction site include a critical concrete 'super placement,' lasting 71 hours, for Unit 3 and the lift of the 237-ton CA03 module for Unit 4.
- November – Paul Bowers, chairman, president and CEO of Georgia Power, appears with the other co-owner CEOs at the Georgia PSC in support of the unified recommendation to move forward. Read Bowers' comments here. At the construction site, the last of the "Big 6" modules, the 52-ton CA02 module for Unit 4 is placed.
- December – Georgia Power announces a new agreement with Toshiba to receive all remaining scheduled payments from Toshiba in the amount of approximately $3.2 billion by Dec. 15, 2017. Georgia Power's proportionate share of the payments is approximately $1.47 billion with every dollar to be used to benefit customers. Receiving 100 percent of the funds owed by Toshiba will eliminate one of the greatest risks for continuing construction of the Vogtle project.
- Since noon Friday, restoration crews have been in field and have safely restored power to approximately 365,000 customers.
- As of 7:30 p.m. Sunday, approximately 13,000 customers are without power statewide according to Georgia Power's Online Outage Map. Local estimated restoration times (ERTs) customers are available on the Outage Map and the company will regularly update the Outage Map and other customer notification resources during the remainder of the restoration process with any changes in these ERTs.
- Approximately 1,200 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road - it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Winter Weather Prep Videos – Check out a series of informational videos on winter weather preparation at GeorgiaPower.com/WinterPrep.
- Since noon Friday, restoration crews have been in field and have safely restored power to approximately 320,000 customers.
- As of 11:30 a.m. Sunday, approximately 35,000 customers are without power statewide according to Georgia Power's Online Outage Map. Local estimated restoration times (ERTs) customers are available on the Outage Map and the company will regularly update the Outage Map and other customer notification resources during the remainder of the restoration process with any changes in these ERTs.
- Approximately 1,700 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road - it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Winter Weather Prep Videos – Check out a series of informational videos on winter weather preparation at GeorgiaPower.com/WinterPrep.
- Since noon Friday, restoration crews have been in field and have safely restored power to approximately 295,000 customers.
- As of 11 p.m. Saturday, approximately 50,000 customers were without power statewide according to Georgia Power's Online Outage Map. Local estimated restoration times (ERTs) are available for customers on the Outage Map and the company will regularly update the Outage Map and other customer notification resources during the remainder of the restoration process with any changes in these ERTs.
- More than 2,000 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road - it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Winter Weather Prep Videos – Check out a series of informational videos on winter weather preparation at GeorgiaPower.com/WinterPrep.
- Since noon Friday, restoration crews have been in field and have safely restored power to approximately 240,000 customers.
- As of 5 p.m. Saturday, approximately 80,000 customers were without power statewide according to Georgia Power's Online Outage Map. Customers should continue to check the Outage Map as updated local estimated restoration times are posted based on ongoing evaluations with new assessments and repair estimates.
- More than 2,500 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road - it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Winter Weather Prep Videos – Check out a series of informational videos on winter weather preparation at GeorgiaPower.com/WinterPrep.
- Since noon Friday, restoration crews have been in field and have safely restored power to approximately 175,000 customers.
- As of 12:30 p.m. Saturday, approximately 130,000 customers were without power statewide according to Georgia Power's Online Outage Map. Customers should continue to check the Outage Map as updated local estimated restoration times are posted based on ongoing evaluations with new assessments and repair estimates.
- More than 2,400 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Winter Weather Prep Videos – Check out a series of informational videos on winter weather preparation at GeorgiaPower.com/WinterPrep.
- Since noon Friday, restoration crews have been in field and have safely restored power to more than 130,000 customers.
- As of 9 a.m. Saturday, approximately 140,000 customers are without power statewide according to Georgia Power's Online Outage Map.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Winter Weather Prep Videos – Check out a series of informational videos on winter weather preparation at GeorgiaPower.com/WinterPrep.
- Watch for downed wires. Downed power lines may be hidden by snow, debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- The laborers who install environmental control devices, perform ground clearing, coat and install the pipe and restore the right of way.
- The teamsters who transport personnel, materials and equipment.
- The operators who operate excavators, bull dozers, pipe bending and laying machines, cranes, forklifts and other construction equipment.
- The welders who weld and bend the pipe, install road bores and perform hydrostatic testing.
- Stay safe around downed power lines. Severe winter weather can cause trees and power lines to fall on cars and roadways. If you see a downed power line, call 911 or Georgia Power immediately and, if you are trapped in your car by a downed power line, do not try to exit the vehicle before first responders arrive.
- Watch for crews working on the roads, including Georgia Power and GDOT vehicles. Utility linemen are included in Georgia's "Move Over Law," which requires drivers to move over one lane when utility crews are working on the roadside.
- Pay attention to alerts and advisories. Stay off the roads as much as possible before, during and after winter weather and wait until GDOT provides an "all clear" to travel. Dial 511 from your mobile phone to access GDOT's Travel Information System.
- Step 1: Take a photo of how you are lighting up the holidays at your home or business with friends and family.
- Step 2: Upload the photo to the contest tab on Georgia Power's Facebook Page (Facebook.com/GeorgiaPower).
- Step 3: Share your entry on social media and encourage friends to vote for your photo on the contest tab.
- Ecobee4 Smart Thermostat is only $99.50 (originally $249) after the Black Friday discount and instant rebate available for Georgia Power customers.
- Save big on Nest products including up to $149 on the Nest Learning Thermostat and $20 off of the Nest Protect Smoke + Carbon Monoxide alarm.
- Deep discounts on multi-color and white holiday lights.
- Free shipping on orders over $49.
- Step 1: Take a photo of how you are lighting up the holidays at your home or business with friends and family.
- Step 2: Upload the photo to the contest tab on Georgia Power's Facebook Page (Facebook.com/GeorgiaPower).
- Step 3: Share your entry on social media and encourage friends to vote for your photo on the contest tab.
- Georgia Power does not demand payment in person at your home or business. If an account becomes past due, Georgia Power will contact the customer via a prerecorded message to the primary account telephone or by letter requesting that the customer call Georgia Power to discuss the account. The company will not ask customers to pay anywhere other than an Authorized Payment Location.
- Georgia Power employees are easy to identify. If a Georgia Power employee has a service-related reason to visit your home or business, they will always be wearing a Georgia Power employee ID badge, in uniform and in a company vehicle.
- Beware of phone calls demanding payment via phone. Georgia Power will never ask for a credit card or pre-paid debit card number over the phone. If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, they should hang up and contact the company's 24-hour customer service line at 888-660-5890.
- David Giles, U.S. Navy Veteran – Served on nuclear submarines primarily as a Machinist Mate and Engineering Laboratory Technician, responsible for the operations, maintenance, radiological control and chemistry associated with a nuclear reactor. Giles built on his Navy nuclear experience by starting his career at Vogtle 1 & 2 in 2011, then transferring to Vogtle 3 & 4, where he now serves as a Senior Engineer in Field Engineering.
- Eric Jackson, U.S. Navy Veteran – Served as Third Class Petty Officer (E-4) Machinist Mate onboard USS Saipan LHA-2 in a role equivalent to a System Operator at Plant Vogtle. Currently works on the Vogtle 3 & 4 project providing support to engineers in the design department.
- Julia Daniely, Bibb County (Westside High School)
- Dr. Sherri Flagg, Bibb County (Weaver Middle School)
- Scott Kingsley, Bibb County (Westside High School)
- Scott Robinson, Bibb County (Westside High School)
- Marion Simmons, Bibb County (Weaver Middle School)
- Kelly Tucker, Bibb County (Weaver Middle School)
- Nicole Mahony, Glynn County (Jane Macon Middle School)
- Maggie Grange, Glynn County (Jane Macon Middle School)
- Elizabeth Guest Jane, Glynn County (Jane Macon Middle School)
- Chandra Moran, Glynn County (Brunswick High School)
- Cathy Pittman, Glynn County (Brunswick High School)
- Shonta Butts, Glynn County (Brunswick High School)
- Juliet King, Columbia County (Evans Middle School)
- Olivia Burns, Columbia County (Evans Middle School)
- Ashley Bowles, Columbia County (Evans Middle School)
- Eloisae Patterson, Columbia County (Evans High School)
- Michael Johnson, Columbia County (Evans High School)
- Tiffanie Douglas, Columbia County (Evans High School)
- Andre Weaver, DeKalb County (Columbia Middle School)
- Jeffery DesDune, DeKalb County (Columbia Middle School)
- Keith Jones, DeKalb County (Columbia Middle School)
- Nedra Robinson, Dekalb County (Columbia Middle School)
- Derrica Davis, Dekalb County (Columbia High School)
- Hetal Raval, DeKalb County Schools (Columbia High School)
- Dominique Bullock, DeKalb County Schools (Columbia High School)
- Eric Collins, Douglas County (Mason Creek Middle School)
- Christy Gragg, Douglas County (Mason Creek Middle School)
- Leslie Green, Douglas County (Mason Creek Middle School)
- Tanya Flynn, Douglas County (Douglas County High School)
- Marvalane Ivey, Douglas County (Douglas County High School)
- Shelley Reed, Fulton County Schools (Holcomb Bridge Middle School)
- Andy Stein, Fulton County (Holcomb Bridge Middle School)
- Clay Thomason, Fulton County (Holcomb Bridge Middle School)
- Shawna Reaves, Henry County (Stockbridge Middle School)
- Crishanta Williams, Henry County Schools (Stockbridge Middle School)
- Batavia Domingue-Yost, Henry County (Stockbridge High School)
- Sheila Midgette, Henry County (Stockbridge High School)
- Batavia Domingue-Yost, Henry County (Stockbridge High School)
- Julissa Forbes, Henry County (Stockbridge Middle School)
- Mindee Dunagan, Oglethorpe County (Oglethorpe County Middle School)
- Carol Jordan, Oglethorpe County (Oglethorpe County Middle School)
- Jessica Caldwell, Oglethorpe County (Oglethorpe County Middle School)
- Mack Baldwin, Oglethorpe County (Oglethorpe County Middle School)
- Sandford Cederbaum, Oglethorpe County (Oglethorpe County Middle School)
- Susie Johnson, Oglethorpe County (Oglethorpe County High School)
- Lauren Carlson, Oglethorpe County (Oglethorpe County High School)
- Melissa Paul, Oglethorpe County (Oglethorpe County High School)
- Mike Weis, Oglethorpe County (Oglethorpe County High School)
- Natalie Dyer, Rome City Schools (Rome Middle School)
- Parke Wilkinson, Rome City Schools (Rome Middle School)
- Karen Ehrler, Rome City Schools (Rome High School)
- Dr. Eric L. Holland, Rome City Schools (Rome High School)
- Sarah Brown, Rome City Schools (Rome High School)
- Samuel Clemons, Lowndes County (Pine Grove Middle)
- Luva Herman, Lowndes County (Pine Grove Middle School)
- Sandy Alcidone, Lowndes County (Pine Grove Middle School)
- Janet Hendley, Lowndes County (Lowndes High School)
- Becky Martin, Lowndes County (Lowndes High School)
- Andrea Inman, Lowndes County (Lowndes High School)
- Rebecca Martin, Lowndes County (Lowndes High School)
- Inez Wiggins, Sumter County (Sumter County Middle School)
- Niashsache Perry, Sumter County Schools (Sumter County Middle School)
- Anton Anthony, Sumter County Schools (Sumter County Middle School)
- Afrose Arshi, Sumter County Schools (Americus-Sumter High School)
- Marnie Dutcher, Sumter County Schools (Americus-Sumter High School)
- Pushpa Rajan, Sumter County Schools (Americus-Sumter High School)
- Comments from Mark Rauckhorst, executive vice president for the Vogtle 3 and 4 project. Rauckhorst discusses progress and productivity at the site, the unified recommendation to move forward with the project and the renewed confidence of thousands of workers with more than 40 million safe work hours achieved without a lost-time accident.
- Construction progress through the third quarter of 2017, highlighting recent milestones such as placement of the first steam generator, installation of two accumulator tanks for Unit 3 and a concrete placement lasting more than 75 hours in Unit 3 containment resulting in continuous pouring of nearly 2,000 cubic yards of concrete, followed by placement of 430 cubic yards of concrete in Unit 4 containment.
- Plant Vogtle's continued support of local education through programs such as Neighborhood Renewal. Four local students recently received college scholarships to pursue careers in the STEM (science, technology, engineering and math) fields.
- On September 29, we announced an agreement with the DOE for a conditional commitment of approximately $3.6 billion in additional loan guarantees – this illustrates continued federal support of new nuclear. Understand this is a loan through the Federal Financing Bank, it is not a grant. The federal government is allowing us to access a cheaper source of funding versus a commercial financing option.
- On October 2, we announced the first payment of $300 million ($137 million for Georgia Power) from Toshiba and, on November 1, another $77.5 million was paid pursuant to the payment schedule. 100 percent of these funds will be used to benefit customers. This is a positive indication that Toshiba intends to fulfill its commitments to our customers by paying the $3.686 billion parent guarantee.
- Service Your HVAC system – Have your Heating, Ventilation and Air Conditioning (HVAC) system serviced at least once a year by a qualified, licensed and approved HVAC technician. As much as 50 percent of monthly energy use can be attributed to heating and cooling the home with inefficient systems costing customers hundreds of dollars in additional energy costs every year.
- Drain your Water Heater – Make sure your water heater is properly maintained by draining a bucket of water from the tank at least once a year to remove sediment that can interfere with heating.
- Caulk & Strip – Make sure your warm air stays inside by checking for leaks around doors and windows annually. Replace cracked or peeling caulk or weather stripping to save up to 10 percent on energy use.
- Do the Ducts – In addition to cleaning the lint screen after each load, clean your dryer's exhaust duct at least once a year to remove excessive lint which will help maintain the efficiency of the dryer.
- Clean the Coils – Vacuum your refrigerator coils at least once a year to increase its efficiency.
- WEMO Smart Plugs, Energy Monitor and Wi-Fi Camera (starting at $39.99) – The Smart Plug uses your existing home Wi-Fi network to provide wireless control of lamps, heaters, fans and more. With the WEMO Energy Monitor, you can monitor energy consumption right from your phone or tablet. With the NetCam HD+, stream live HD video from your home right to your smartphone or tablet.
- Sensi Touch Wi-Fi Thermostat ($199.99) – The Sensi Touch Wi-Fi Thermostat can remotely access, change or program your home temperature - anytime, anywhere.
- Sengled Twilight and Everlight Lightbulbs (starting at $9.99) - Sengled Twilight is a long-lasting energy efficient LED bulb. During a power outage, Sengled Everbright can run off its internal backup battery for 4 to 12 hours – no need for a flashlight.
- Nest Cam IQ ($299 - $498) - Nest Cam IQ is an indoor security camera with serious processing power, so it can do things like tell a person from a thing. If Nest Cam IQ sees a person while you aren't home, it will trigger an automatic alert with a zoomed in photo of what it sees. Then, track the action real-time in 4k resolution.
- Let the Sun Shine In – Keeping the blinds and shades open during the day is a no-cost way to naturally heat your home. Close them at night to reduce the chill you may feel from cold windows.
- Let it Flow – Heating and cooling accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a smart programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house, and save up to $100 a year in energy costs, plus Georgia Power rebates of up to $100.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- Defined Low, Medium and Tall Zones around homes and recommended bush and tree species for each zone.
- Planting tips to help ensure new landscaping is best positioned for health and growth.
- Pruning tips to ensure proper removal of limbs and branches from established trees.
- Safety tips including appropriate proximity to power lines and electrical boxes, as well as the importance of contacting Georgia 811 to have underground utilities located prior to digging.
- Focus on Fire Prevention – Avoid storing combustibles such as paint, cardboard, sawdust and flammable liquids near electrical equipment or fuse boxes.
- Overloads – Overloaded equipment and circuits can cause insulation to burn, create sparks and leave exposed wires. Don't overload electrical equipment by attempting to do heavier jobs than the equipment can handle.
- Check out Georgia Power's new public service announcement, available in both English and Spanish, highlighting the common electrical dangers customers face in their homes.
- Repair Equipment – Shut off all electrical equipment that produces odd sounds, odd smells or sparks and have it checked by a qualified technician. Tag and remove hard-wired equipment from service so that it cannot be accidentally energized while it is being repaired or replaced.
- Extinguishers - Know where the nearest fire extinguishers are and how to use them. Only Class C extinguishers are safe to use on energized electrical equipment.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Check your emergency kit, unplug major appliances and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power hurricane resource page for information on how to build a family emergency plan and emergency supply kit.
- 6⅛% Series Class A Preferred Stock, Non-Cumulative, Par Value $25 Per Share CUSIP No. 373334473 (NYSE: GPE PR A)
- 6.50% Series 2007A Preference Stock, Non-Cumulative, Par Value $100 Per Share CUSIP No. 373334119
- 6⅛% Series Class A Preferred Stock: $25 per share plus accrued and unpaid dividends of $0.09783 per share
- 6.50% Series 2007A Preference Stock: $100 per share plus accrued and unpaid dividends of $0.415278 per share
- Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Install a programmable thermostat such as a Nest thermostat, that automatically adjusts temperature settings to your lifestyle. Upgrade and save up to $100 a year in energy costs. Plus, be eligible for Georgia Power rebates of up to $100.
- Do not place lamps, TV sets or other heat-producing devices beneath a wall-mounted thermostat as rising heat from that equipment may result in false readings.
- Nearly 1,500 broken or damaged power poles
- More than 6,000 spans of wire (or nearly 230 miles)
- Nearly 2,400 fallen trees
- Approximately 450 transformers damaged
- Nearly 1,500 broken or damaged power poles
- More than 6,000 spans of wire (or nearly 230 miles)
- Nearly 2,400 fallen trees
- Approximately 450 transformers damaged
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Georgia Power will not offer to expedite power restoration for an additional fee.
- Georgia Power will not refuse to reconnect service to customers impacted by Hurricane Irma due to a past due bill and demand payment prior to reconnection. The company continues to work with customers who are behind on payments or need to make payment arrangements through its usual customer service process.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Athens – Sept. 14, 10 p.m.
- Atlanta – Sept. 15, 10 p.m.
- Augusta – Sept. 16, Noon
- Macon – Sept.16, 10 p.m.
- Savannah/Brunswick – Sept. 16, 10 p.m.
- Valdosta – Sept. 16, 10 p.m.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- More than 1,000 broken or damaged power poles.
- Approximately 5,000 spans of wire (or nearly 200 miles)
- More than 2,000 fallen trees
- Approximately 350 transformers damaged.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Power has been restored to 590,000 Georgia Power customers across the state.
- The company has already restored power to more than 60 percent of impacted customers who can accept power and expects to have power restored for nearly 95 percent of impacted customers who can accept power by Sunday night, Sept. 17.
- There are approximately 360,000 Georgia Power customers currently without power.
- More than 12,000 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Restoration teams continue to face challenges including downed trees, blocked roads and bridges that had be inspected by the state following flooding.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Power has been restored to 525,000 Georgia Power customers across the state.
- There are approximately 425,000 Georgia Power customers currently without power.
- Approximately 10,000 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- There are approximately 545,000 Georgia Power customers currently without power. More than 9,800 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- There are approximately 680,000 Georgia Power customers currently without power.
- More than 9,600 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- There are nearly 770,000 Georgia Power customers currently without power.
- More than 8,500 cases of individual damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- There are approximately 870,000 Georgia Power customers currently without power – equivalent to nearly 50 percent of the company's total residential customer base.
- More than 9,500 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- There are approximately 925,000 Georgia Power customers currently without power – equivalent to nearly 50 percent of the company's total residential customer base.
- More than 8,000 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it's the law in Georgia.
- There are approximately 950,000 Georgia Power customers currently without power – equivalent to nearly 50 percent of the company's total residential customer base.
- More than 8,000 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- If customers are without natural gas service, they should not attempt to restore it themselves. The storm may have caused damage to the meter, natural gas line or appliances, which may create hazardous conditions if restored without the proper safety checks and procedures. Florida City Gas personnel will work safely and efficiently to respond to customers as soon as possible.
- Strong winds and saturated grounds caused trees to become uprooted. Before removing downed trees, customers should dial 8-1-1 to have the location of underground utility lines marked as downed trees could become tangled with the natural gas lines.
- If customers smell the rotten egg odor that is often associated with natural gas, they should immediately leave the affected area and from a safe location call 911 then the 24-hour emergency response line at 888.352.5325.
- If a natural gas meter is damaged or gas line is exposed, immediately leave the area and call 911.
- If flooding has occurred at a residence or business and the gas appliances are under water, customers are advised not to operate their appliances until a safety check by a certified natural gas contractor/HVAC technician is conducted.
- There are approximately 900,000 Georgia Power customers currently without power – nearly 50 percent of the company's total residential customer base.
- More than 7,000 individual cases of damage or trouble (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- As of 3 p.m. Monday, there are more than 670,000 customers without power in Georgia and more than 5,500 individual cases of damage (including broken poles and lines) the company is working to repair.
- Damage and outages are widespread and across the state with the hurricane impacting service to customers around Savannah, Columbus, Metro Atlanta and beyond.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- As of 1 p.m. Monday, there are more than 410,000 customers without power in Georgia and more than 3,600 individual cases of damage (including broken poles and lines) the company is working to repair.
- Damage and outages are primarily concentrated in Metro Atlanta, Central, Southern and Coastal Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- As of 11 a.m. Monday, there are more than 300,000 customers without power in Georgia and more than 2,900 individual cases of damage (including broken poles and lines) the company is working to repair.
- Damage and outages are primarily concentrated in Central, South and Coastal Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- As of 8 a.m. Monday, there are more than 180,000 customers without power in Georgia and more than 1,500 individual cases of damage (including broken poles and lines) the company is working to repair.
- Damage and outages are primarily concentrated in Central, South and Coastal Georgia.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
- Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
- Don't step in standing water or saturated ground where downed lines may be present. They could be electrified.
- Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
- Note the location of power lines and poles. This makes it easier to know where downed power lines may be possible following the storm. Also, ensure that curbsides and yards are clear to allow quick repair and restoration following the storm.
- Protect electronics and appliances. Turn off air conditioners since power surges can overload them, unplug all electronics such as DVD players, televisions and computers, and move any appliances or electronics that may be located in flood-prone areas of your home.
- Secure any outdoor items that could be moved by high winds and cause damage. Move patio furniture inside where possible.
- Charge all necessary electronics, including cell phones and tablets, so you can stay connected even if the power is out. Know how to adjust the settings on mobile devices to maximize battery life and use power banks if available.
- Build or check your emergency supply kit. Consider providing an additional emergency supply kit for elderly family members or friends who may not have one.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Note the location of power lines and poles. This makes it easier to know where down power lines may be possible following the storm. Also, ensure that curbsides and yards are clear to allow quick repair and restoration following the storm.
- Protect electronics and appliances. Turn off air conditioners since power surges can overload them, unplug all electronics such as DVD players, televisions and computers, and move any appliances or electronics that may be located in flood-prone areas of your home.
- Secure any outdoor items that could be moved by high winds and cause damage. Move patio furniture inside where possible.
- Charge all necessary electronics, including cell phones and tablets, so you can stay connected even if the power is out. Know how to adjust the settings on mobile devices to maximize battery life.
- Build or check your emergency supply kit. Consider providing an additional emergency supply kit for elderly family members or friends who may not have one.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Develop a plan for your family. The plan should include the destination of travel, alternate routes, gas stations and a re-unification plan if family members become separated as well as a list of critical information such as utility accounts and insurance documents.
- Prepare and carry an emergency supply kit with critical supplies. Supplies may include a car charger for cell phones or other electronics, a flashlight, battery operated radio and non-electric clock – for a complete list of additional items, visit the Georgia Power hurricane resource page.
- Unplug electronics in your home and place them on sturdy surfaces or relocate them to the highest floor.
- Turn your refrigerator and freezer to the coldest settings and pack your freezer with as many food items as possible. If electrical service is interrupted, a packed freezer can keep food frozen for up to 48 hours.
- When travelling before or after a storm, be aware of electrical crews working or the potential for down power lines or power poles.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- 5.83% Class A Preferred Stock, Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) CUSIP No. 010392611 (NYSE: ALP PR O)
- 6.45% Preference Stock, Non-Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) CUSIP No. 010392488
- 6.50% Preference Stock, Non-Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) CUSIP No. 010392470
- 5.83% Class A Preferred Stock: $25 per share plus accrued and unpaid dividends of $0.040486 per share
- 6.45% Preference Stock: $25 per share plus accrued and unpaid dividends of $0.044792 per share
- 6.50% Preference Stock: $25 per share plus accrued and unpaid dividends of $0.045139 per share
- August 15 – Placement of the 1.4 million-pound steam generator into the Unit 3 nuclear island. Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Each new AP1000 unit at Plant Vogtle requires two steam generators, all of which are currently on-site.
- August 18 – Placement of the Unit 4 pressurizer compartment. The pressurizer compartment was assembled on-site and is 60 feet tall, 40 feet wide and weighs 240,000 pounds. It will house the AP1000 pressurizer inside containment, which maintains the system pressure during operation and limits pressure transients. During the reduction or increase of plant load, the pressurizer accommodates volume changes in the reactor coolant.
- August 19 – Placement of the second of four accumulator tanks for the project. Part of the Westinghouse AP1000 passive core cooling system, accumulator tanks are spherical tanks that hold borated water inside the containment vessel within the nuclear island. In the event of a loss of reactor coolant, the tanks are designed to provide a high rate of coolant flow into the reactor for several minutes. There are two accumulator tanks per unit with each tank weighing approximately 85,000 pounds and standing more than 17 feet tall. Fabricated in and shipped from Italy, all four accumulator tanks needed for the completion of the units are now on-site.
- Before any ash pond is dewatered, the company provides advance notice and submits an "ash pond dewatering plan" to Georgia EPD for its approval. The plan describes the dewatering process, water treatment controls and monitoring practices that will be implemented to protect water quality at that site. Once approved by Georgia EPD, this plan is posted to Georgia Power's website.
- Once the Georgia EPD approves the dewatering plan and before dewatering activities begin, Georgia Power will again provide advance notice to Georgia EPD of its intent to begin dewatering and implement the requirements of the approved dewatering plan. As part of the approved dewatering plan, ash pond water goes through a treatment system operated by a qualified independent wastewater contractor. The treatment steps may include pH adjustment, clarification, filtration and more, before being discharged. Click here to view a detailed diagram illustrating a typical wastewater treatment system being employed by Georgia Power.
- Monitoring and quality control is the final step and in place at every site. Independent contractors sample and independent accredited laboratories analyze both the discharged water from the pond, as well as water samples from the receiving lake or river, to document that treatment steps are effective and that water quality is being protected. These results are provided to Georgia EPD and posted to Georgia Power's website.
- Georgia Power has installed approximately 500 groundwater monitoring wells around its 29 ash ponds, as well as onsite landfills, to test groundwater conditions at each plant. These wells will continue to be monitored around Georgia Power's ponds and landfills even after they are permanently closed.
- Groundwater monitoring is being conducted in compliance with federal and state laws and regulations. Samples are collected by independent third party contractors and analyzed by accredited independent laboratories for 20 substances.
- Groundwater monitoring results are provided to the Georgia EPD and posted to Georgia Power's website.
- Philips HUE White Starter Kit – Flash Sale Price: $64 (MSRP: $69)
- Philips BR30 65W 2200-2700 (6 Pack) – Flash Sale Price: $34 (MSRP: $40)
- Philips Candle Small Base 40W 2200-2700K – Flash Sale Price: $40 (MSRP: $48)
- Philips Candle 40W 2200-2700K – Flash Sale Price: $30 (MSRP: $36)
- Philips Globe 40W 2200-2700K (6 Pack) – Flash Sale Price: $30 (MSRP: $36)
- Philips HUE Ambiance a19 Starter Kit – Flash Sale Price: $119 (MSRP: $129)
- Philips Candle Small Base 40W 5000K (3 Pack) – Flash Sale Price: $40 (MSRP: $48)
- Philips Candle 40W 5000K (3 Pack) – Flash Sale Price: $30 (MSRP: $36)
- Philips HUE White/Color Ambiance a19 Starter Kit – Flash Sale Price: $184 (MSRP: $199)
- ThinkEco 110v/15A – Flash Sale Price: $50 (MSRP: $139)
- ThinkEco 110v/20A – Flash Sale Price: $50 (MSRP: $139)
- Ecobee SmartSi Wi-Fi Thermostat – Flash Sale Price: $120 (MSRP: $179)
- iDevices Outdoor Switch – Flash Sale Price: $74 (MSRP: $79)
- iHome Smart Plug – Flash Sale Price: $34 (MSRP: $39)
- iHome Smart Plug with Remote – Flash Sale Price: $44 (MSRP: $49)
- With the existing fuel cell at the SV5 IBX, and existing fuel cell installations at two IBXs acquired from Verizon this year (LA7 and NY13), the new project will bring Equinix to a total of more than 40 megawatts of fuel cell provisioned power at 15 locations.
- Once installed and operational, the Equinix fuel cell project will operate at world leading efficiency, providing power that is 20-45 percent cleaner than the equivalent utility provided natural gas powered generation. Over the lifetime of the project, this will avoid 660,000 tons of carbon emissions and save 87 billion gallons of water that would have been used by natural gas or coal-fired utility generation.
- In addition to the significant sustainability impact, the project provides 24 x 7 always-on, highly reliable power optimally matched to the operational requirements of the data center.
- This project will relieve the day-to-day stress on local utility providers, helping to delay new utility generation and providing electricity directly where it is needed.
- Equinix recently released its second annual Corporate Sustainability Report that includes a review of progress towards Equinix's long-term goal of using 100 percent clean and renewable energy, as well as progress toward Equinix's other goal of growing a responsible and sustainable company. As of 2016, Equinix had achieved 56 percent renewable energy coverage worldwide.
- In addition to these fuel cell initiatives, Equinix is also engaged in Power Purchase Agreements for wind energy from Oklahoma and Texas, providing a total of 225 megawatts of capacity.
- Bloom Energy fuel cells use a proprietary solid oxide technology to generate electricity through a clean electrochemical process using air and fuel and resulting in only water and a small amount of carbon dioxide as by-products. SOx (sulfur oxides), NOx (nitrogen oxides) and other harmful smog-forming particulate emissions are virtually eliminated with the use of Bloom Energy fuel cells.
- Karl Strohmeyer, President, Americas, Equinix
"As Equinix data centers, and the interconnection they facilitate, become increasingly critical to the infrastructure of our digital world, this fuel cell expansion is one step in lessening the overall impact of the digital economy on the planet. It enables us to serve our customers with the highest levels of performance while assisting their efforts to make their supply chain clean and efficient." - KR Sridhar, Founder, Chairman and CEO, Bloom Energy
"There is no greater compliment and validation of our energy platform than to have our existing customers continue to expand their deployments of Bloom Energy Servers, and today, Equinix is doing that in a big way." - Tom Fanning, Chairman, President and CEO, Southern Company
"Our strategic partnership with Bloom Energy was established to deliver greater value for customers by providing innovative energy solutions directly on the customer premise. This project with Equinix further demonstrates that this approach is meeting the smart energy demands of today's leading companies." - Equinix Corporate Sustainability Report 2016
- Equinix - Green by Design
- U.S. EPA Green Power Partner List
- Georgia Power will never ask for a credit card or pre-paid debit card number over the phone.
- Employees are not sent into the field to collect payment in person and will not ask a customer to pay anywhere other than a business office or Authorized Payment Location.
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, they should contact the company's 24-hour customer service line at 888-660-5890.
- Google Home™ ($129) – A voice-activated speaker, Google Home is powered by the Google Assistant. Ask it questions. Tell it to do things. And with support for multiple users, it can distinguish your voice from others in your home so you get a more personalized experience. It's your own Google, just for you.
- Google Wifi™ (starting at $129) – Google Wifi is a Wi-Fi home solution that works with your modem and Internet Provider, so you can stream, download and share without missing a beat. Google Wifi replaces your existing router with single or multiple "points," giving you an entirely new home Wi-Fi experience. Each Google Wifi point acts as a router, to enhance connectivity and help maintain Wifi speeds throughout your home.
- 3rd Generation Nest Thermostat in a Variety of Colors (Retails for $249; Georgia Power customers pay $149 after instant rebate) – The Nest Thermostat programs itself, automatically helping you save energy when you're away and can be controlled from anywhere. The 3rd generation Nest Thermostat is thinner, sleeker and more beautiful than ever with a design to fit any home style – copper adds a warm touch; stainless steel is perfect for a classic, versatile look; black blends in with dark walls and stylish décor; and white looks great in simple, modern homes.
- Southern Company Subsidiary PowerSecure Announces Strategic Alliance with AMS
- eCurv and AMS Receive Grant from Massachusetts DOE for Peak Demand Reduction Project
- AMS to Build 16 MWh Distributed Energy Storage Project for SDG&E
- Kilroy Realty and AMS to build 11 MWh Hybrid Electric Building® Fleet
- AMS to Design, Install and Operate 40 MWh of Advanced Energy Storage Systems at U.S. Walmart Stores
- AMS Wins $3.24 Million Department of Energy Grant to Advance Grid Integration of Solar Energy in Texas
- Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
- Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in hot tubs and pools.
- Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
- Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
- Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
- Have a Water Safety Plan – Know what to do during an emergency.
- Get Your Barcode - Visit www.georgiapowercheckout.com and enter your 10-digit Georgia Power account number to receive a unique barcode. The barcode does not change and can be used each time you pay at Dollar General, Family Dollar and Speedway. Save the barcode for easy access on your smart phone by taking a screen capture, printing or emailing it to yourself. You can also find the barcode on the back of your Georgia Power bill.
- Find A Location - Enter your zip code, city or address on the map at www.georgiapowercheckout.com to find locations near you.
- Pay Where You Shop – Show your barcode to the customer service representative in-store. After scanning the barcode, the representative will ask whether you want to make a full or partial payment to your account and your payment will be applied to your account in just a few minutes. Payments can only be made in cash and include a convenience fee of $1.50.
- Never touch any downed wire or low hanging wires.
- Never pull tree limbs off power, telephone or cable lines or attempt to repair electrical equipment damaged in a storm.
- Never go near chain link fences – downed power lines or lightning strikes may energize the entire length of the fence.
- Avoid walking through flooded areas or puddles as they may be energized by downed power lines.
- Never walk into areas where crews are at work. If driving near work crews, obey road signs and proceed cautiously.
- Think about the Thermostat – If you have a programmable thermostat, use the vacation mode if available, which will conserve energy while you're away and make it easy to return to regular settings with the touch of a button. If using a manual thermostat, simply turn the thermostat up a few degrees which will deliver substantial savings.
- Prep the Pool Pump – Pool pumps can use a significant amount of energy when running constantly. Operate pool pumps the minimum number of hours needed to keep the pool clean and invest in a timer to control hours of operation. Also, consider using a pool cover for additional energy savings.
- Time the Lights Right - Timers are an easy way to save money by scheduling lights to power on and off during set timeframes. In addition to energy savings, this strategy adds security by making it appear as if someone is home.
- Keep the Sun Out – While on vacation, close all drapes, curtains and blinds to block sunlight, which can heat up your home drastically. Be sure to keep air vents clear of obstructions.
- Stock the Fridge – A fully stocked refrigerator stays cold better than an empty one, as the cold items will help keep each other cold. Conserve additional energy by adjusting the thermostats to 38 degrees for the refrigerator and five degrees for the freezer.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power hurricane resource page for information on how to build a family emergency plan and emergency supply kit.
- Producing more than 526 million megawatt total hours of emission-free electricity.
- Preventing millions of tons of carbon dioxide emissions from power generation. According to the Nuclear Energy Institute (NEI), Georgia's nuclear plants prevent more than 23 million metric tons of carbon dioxide every year.
- Stimulation of economic growth in the region through contributions of nearly $500 million in local tax revenues.
- More than 900 high-quality, permanent jobs for East Georgia with more than $1 billion in total wages for employees.
- A focus on community involvement with plant employees donating at least 20,000 hours of community service to various causes and employee and corporate contributions of more than $4.5 million to United Way of the Central Savannah River Area.
- Consider the Cord – Don't place appliance cords where they will come into contact with stoves or other heated surfaces, over countertops or areas where they could be pulled. Look for frayed appliance cords, inspect them regularly and never substitute an extension cord for permanent wiring.
- Look for the Ladder – Exercise caution when using ladders around the house, painting, pruning or cleaning near a service drop as all ladders can conduct electricity.
- Watch for Wires – Keep balloons, kites, fishing lines, aluminum poles and unmanned aerial vehicles (UAVs or drones) away from overhead lines every day and as line crews work in the field.
- Proper Poolside Prep – Don't use electrical appliances near pools and never route extension cords around pools.
- Focus on Fire Prevention – Avoid storing combustibles such as paint, cardboard, sawdust and flammable liquids near electrical equipment or fuse boxes.
- A high-efficiency Carrier Infinity® heat pump and Rheem hybrid electric water heater
- Tech-connected automation: Carrier Infinity Greenspeed® intelligence home comfort system with an Infinity Touch thermostat, Rheem EcoNet mobile app and Vivint smart home system including voice-activated security, smart locks, lights, cameras and garage door control
- Interconnected Samsung appliances from the Alabama Power Appliance Center: smart hub refrigerator, dishwasher, washer and dryer, and an induction range
- Enhanced energy-efficient building features: improved insulation, triple-pane windows and LED lighting.
- Uses local weather and your system to take the least amount of time to cool or heat your home.
- Vacation mode keeps energy use low and easy to adjust while you enjoy some much deserved time away.
- Alerts and reminders help you solve issues faster by notifying you right away if ecobee senses something isn't working.
- Free energy reports give you insights on how much you've saved based on run times and offer tips for further savings.
- Strengthening health and human services through the efforts of employees like Crystal Godfrey of Valdosta who gave her time to the American Cancer Society's Relay for Life in Lowndes County.
- Improving education through mentors like retiree Jack Dogan in Augusta who partnered with K-12 schools to assist students with development, career exploration, and experiences in science, technology, engineering and math.
- Collaborating with civic and community organizations through grassroots efforts of employees like Sarah Beth Todd in Atlanta that helped engage and support military and veteran groups across the state.
- Enriching arts and culture for generations of Georgians through volunteers like Kesha Ward of Statesboro whose time helped ensure the arts remain a part of the state's heritage, fostering critical and creative thinking.
- Protecting the environment through employees like Jeff Pajor of Cartersville who led efforts in their hometowns that improved air and water quality, preserved natural resources and protected endangered species.
- To become certified, the contact center successfully passed an evaluation of dozens of best practices that encompass their integration of Voice of the Customer and Voice of the Employee insights into their business operations.
- As part of its evaluation, J.D. Power conducted a random survey of GNG customers who recently contacted the company's contact centers in Kennesaw, Ga., and Richardson, Texas.
- A contact center must perform within the top 20% of customer service scores, which are based on benchmarks established in J.D. Power's cross-industry customer satisfaction research.
- The research criteria includes the customer service representative's courtesy, knowledge and concern for the customer; promptness in speaking to a person; and timely resolution of the problem or request.
- 120 MW of new on-base military projects – Georgia Power dedicated four new 30 MW on-base solar projects at the U.S. Army's Fort Benning, Fort Stewart and Fort Gordon, as well as the Department of the Navy's SUBASE Kings Bay. The projects, built, owned and operated to serve Georgia Power customers, are the result of continued collaboration with the U.S. military to increase renewable energy resources while adding energy security for the bases. The company's fifth 30 MW project is under construction at Marine Corps Logistics Base (MCLB) Albany.
- Hundreds of MW of solar projects under the Advanced Solar Initiative (ASI) - Solar developers continued to complete small, medium and large-scale installations across the state ranging from 4 kW to more than 100 MW. Georgia Power purchases the energy from these installations under long-term contracts with customers or developers at or below its avoided cost, the amount it would cost to produce energy from other sources.
- Completed nearly 10.8 miles of on-site module welding to exact design specifications, with every inch being inspected and approved for safety.
- Installed more than 3,396 tons of rebar.
- Erected more than 5,714 tons of structural steel.
- Poured more than 30,798 cubic yards of concrete.
- February – The safe placement of eight new shield building panels for Unit 3. The shield building will encapsulate the containment vessel and is comprised of more than 160 individual steel panels.
- May – The last of the "Big 6" modules – CA02 and CA03 are placed. The modules, weighing 52 tons and 237 tons, respectively, are critical components and part of the In-Containment Refueling Water Storage Tank.
- June – The safe placement of the CA05 module jumpstarted activities in June as the 90-ton module is a key component that provides critical structural support for the containment building. Crews also completed vertical construction of the 600-foot Unit 4 cooling tower.
- August – One of the heaviest lifts of the project took place when the 2 million-pound or 1,000 ton, CA20 module was placed.
- October – The first class of Vogtle 3 & 4 nuclear operators passed the Nuclear Regulatory Commission licensing exam, ensuring that licensed, qualified operators are in place prior to nuclear fuel loading and the plant start up.
- November – With the receipt of the final National Pollutant Discharge Elimination System (NPDES), or water discharge, permit by the Georgia Environmental Protection Division, all major permits are now in place for the new units.
- November /December – The nuclear construction team concluded the year on a high note with the placement of the second containment vessel ring for Unit 3. Other major lifts included the setting of both the 612,000-pound Unit 3 reactor vessel and 2-million pound Unit 4 CA01 module.
- December - The Georgia Public Service Commission (PSC) unanimously approved an agreement between Georgia PSC staff and Georgia Power, confirming the prudent investment of $5.68 billion by the company in the Vogtle nuclear expansion. Under the agreement, all capital costs incurred by the company up to $5.68 billion, including $3.3 billion invested through the end of 2015 and the $350 million settlement agreement with the project's contractors will be presumed to be reasonable and prudent. The agreement fairly balances the company's contribution with customer benefits and is expected to deliver approximately $325 million in savings to customers during the construction period, while keeping the project's overall projected rate impact to customers at 6 to 8 percent.
- Assisting the Atlanta Police Foundation in a field day event for Atlanta's youth at the Georgia Dome (Atlanta)
- Landscaping and yard work at Lydia Project House (Augusta)
- Cleaning refrigerators, cabinets and ripping up carpet at Liberty House of Albany (Albany)
- Planting 30,000 daffodils at the Loop 10/Prince Ave exit ramp at Lay Park (Athens)
- Cleaning, sorting and organizing donations at the Statesboro Food Bank (Statesboro)
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Disconnect or turn off appliances you were using when the power went off. Leave one light on to tell you when service is restored.
- Avoid opening refrigerators or freezers. Food will stay frozen in a fully loaded freezer for 36 to 48 hours if the door is closed. In a half-full freezer, food will keep 24 hours.
- Non-electric, unvented space heaters can be a hazard. Use them only in well-ventilated areas.
- If you use an electric generator, plug appliances directly into it. Never plug a generator directly into your home's electrical wiring.
- Boys & Girls Club of Bulloch County (Statesboro)
- Cobb County Safety Village Foundation (Marietta)
- Communities in Schools of Rome-Floyd County, Inc. (Rome)
- Dream Builders of America's Youth, Inc. (Augusta)
- Macon Volunteer Clinic, Inc. (Macon)
- Dec. 5 – Regional Risks: Understand what weather risks impact Georgia, from the mountains to the coast.
- Dec. 6 – Watch vs. Warning: Knowing the difference could save your life.
- Dec. 7 – Staying Connected: Resources including emergency alerts & Outage Alerts to stay informed.
- Dec. 8 – Safety Around the House: Tips and tricks to stay warm, and safe, when winter weather strikes.
- Dec. 9 – Be Equipped with an Emergency Kit: Find out where to start and what to pack.
- Assembly of the squib valves for both units;
- The placement of the 2 million-pound Unit 4 CA20 module;
- The setting of the roof trusses for the Unit 3 turbine building which brings the building to its final height of 254 feet.
- Up to 60% off of smart thermostats such as the Nest® Learning Thermostat and Ecobee3®;
- $50 off the Nest Cam indoor security camera;
- 10% off holiday LED lighting;
- $30 off of the August Smart Lock.
- Timothy Jones, Macon (Howard High School)
- Ashleigh Knight, Warner Robbins (David A. Perdue Elementary)
- Kylie Tierce, Warner Robbins (Northside High School)
- Caleb McKeever, Milledgeville (Blandy Hills Elementary School)
- Shancandice Thomas, Perry (Morningside Elementary)
- Christen Chaplin, Savannah (Beach High School)
- Hazel McCauslin, Brunswick (Goodyear Elementary School)
- Patrick Mickey, Brunswick (Needwood Middle School)
- Grayson "Gray" Mendieta, Swainsboro (Swainsboro High School)
- Casey Radford, Watkinsville (Oconee County Middle School)
- Hannah Wingrove, Evans (Lakeside High School)
- Morgane Rainwater, Jonesboro (Callaway Elementary School)
- Dustin Denson, McDonough (Excel Academy)
- Florina Mihetiu, Lawrenceville (Kanoheda Elementary School)
- Micheil Hill, Lawrenceville (Archer High School)
- Kaitlyn Ballew, Stockbridge (Cotton Indian Elementary School)
- Jeffrey Stephens, Norcross (Graves Elementary School)
- Mara Johnson, Smyrna (Campbell High School)
- Carley Roberts, Canton (Dean Rusk Middle School)
- Carirosa Powell, Newnan (Madras Middle School)
- Chelsea Knight, Jonesboro (Kendrick Middle School)
- Jason Slaven, Stockbridge (Stockbridge High School)
- Shana Alexander, Jonesboro (Lee Street Elementary)
- Sarah Stream, Suwanee (Riverwatch Middle School)
- Lauren Pehrson, Canton (Hasty Elementary School)
- Alissa Leugers, Lawrenceville, (Jordan Middle School)
- Stephen Almond, Gainesville (Sardis Elementary School)
- Kathleen Lovell, Flowery Branch (Flowery Branch High School)
- Adam Aldridge, Hoschton (Mill Creek High School)
- Santiago Nava, Dalton (Dalton Middle School)
- Mandy Owens, Dalton (Eastbrook Middle School)
- Dustin Powell, Rome (Anna K. Davie Elementary School)
- Christopher Dydell, Albany (Albany Middle School)
- Jakin Tillery, Tifton (Northeast Camus Tift County High School)
- Diane Schenk, Hahira (Hahira Middle School)
- Kade Poole, Douglas (Eastside Elementary)
- Landis Johnson, Quitman (Brooks County Middle School)
- Shedric Office, Asburn (Turner County Middle School)
- Joshua Knobloch, Columbus (Double Churches Middle School)
- Ravhen Maddox, Columbus (Forrest Road Elementary)
- Achievement of key project milestones including assembly of the squib valves for both units, the placement of the 2 million-pound Unit 4 CA20 module in August and the setting of the roof trusses for the Unit 3 turbine building, bringing the building to its final height of 254 feet.
- A commitment to safety and quality across the construction site, including more than 25 million safe work hours (without a lost time accident) logged since December 2014.
- Preparations for transition to operations of the new units such as members of the first training class of nuclear operators passing the initial licensing exam by the Nuclear Regulatory Commission (NRC), as well as insights on the training process from Derrick Trafford, shift support supervisor.
- Unanimous approval of the 14th Vogtle Construction Monitoring Report by the Georgia Public Service Commission.
- The impact of Plant Vogtle on the local community, such as a recent Stuff the Bus program which provided donated backpacks and school supplies to 600 children in Burke County Schools. The video also captures interviews with local educators sharing their perspectives on the impact of Plant Vogtle in area classrooms every day.
- If an account becomes past due, Georgia Power will contact the customer via a prerecorded message to the primary account telephone or by letter requesting that the customer call Georgia Power to discuss the account.
- Georgia Power will never ask for a credit card or pre-paid debit card number over the phone.
- Employees are not sent into the field to collect payment in person and will not ask a customer to pay anywhere other than a business office or Authorized Payment Location.
- Delete all emails that demand immediate payment or personal information or that are from a company that is not Georgia Power.
- If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, they should contact the company's 24-hour customer service line at 888-660-5890.
- Enabling optimized use of power to drive cost predictability and strategic savings.
- Delivering the quality and exact type of power required by each part of their business, for example, AC power for offices and DC power for data centers.
- The ability to dial-in the level of reliability required from "no need" all the way up to mission critical reliability for tier IV data centers and critical operations.
- Providing the level of resiliency needed to ensure that the risk of operational disruption due to external events such as weather or other natural disasters is minimized.
- Enabling preferred level of performance on sustainability attributes.
- Approximately 1,000 power poles broken or damaged.
- Nearly 120 miles of wire (3,000 spans) needing to be replaced.
- More than 3,500 fallen trees causing damage to electrical equipment.
- The complete removal of the ash from three of the 17 ponds located adjacent to lakes or rivers, as well as substantial progress made on three additional ponds expected to be fully excavated before Q4 2017.
- Significant construction work completed on five of the 12 ponds to be closed in place using advanced engineering methods. One pond is scheduled to be completed in Q4 2016, one pond in Q1 2017, and the other three to be completed by Q1 2018.
- Engineering activity at all 29 ash ponds underway with active construction occurring at 11 ponds and pre-construction activities at another 12 ponds.
- The completion of the first of eight rounds of groundwater testing at all 29 ash ponds for 20 different regulated and unregulated substances. All results are being reported to the Georgia Environmental Protection Division (EPD) and being posted to the company's web site.
- More than 100 documents related to the company's Coal Combustion Residual (CCR) compliance program (i.e. closure plans, design construction information, etc.) have been prepared and are expected be posted to the web site by mid-November (in addition to currently posted information.)
- Technology selections have been made and active engineering and construction activities for dry ash conversion projects have begun at the company's largest facilities, including Plants Bowen, Scherer and Wansley.
- Approximately 1,000 power poles broken or damaged.
- Nearly 120 miles of wire (3,000 spans) needing to be replaced.
- More than 3,500 fallen trees causing damage to electrical equipment.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- The company expects to restore power to nearly 100 percent of customers who can accept power in Brunswick, Jesup, St. Simons and Jekyll Islands today. The company completed restoration efforts to nearly all customers who could accept power in Statesboro Monday night.
- Savannah was one of the areas hardest hit by Hurricane Matthew. Georgia Power has restored power to approximately 60 percent of Savannah-area customers who can accept power, with approximately 56,000 customers remaining to be restored.
- Georgia Power was prepared to respond to damage caused by Hurricane Matthew with approximately 5,000 personnel from Georgia Power and assisting utilities working around the clock over the weekend.
- Power has been restored to more than 265,000 customers; approximately 70,000 customers are without power in Coastal Georgia.
- Damage and power outages remains concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties.
- Approximately 1,000 power poles broken or damaged.
- Nearly 120 miles of wire (3,000 spans) needing to be replaced.
- More than 3,500 fallen trees causing damage to electrical equipment.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- The company has already restored power to 100 percent of impacted customers who can accept power in the Kingsland area and expects to have power restored for nearly 100 percent of impacted customers who can accept power in Brunswick, St. Simons and Jekyll Islands tomorrow.
- As of Monday morning, Georgia Power has secured more than 1,000 additional personnel to assist with restoration efforts in Georgia. Additional crews are making their way north from Florida as restoration work winds down in that state.
- Georgia Power was prepared to respond to damage caused by Hurricane Matthew with approximately 5,000 personnel from Georgia Power and assisting utilities working around the clock over the weekend.
- Power has been restored to more than 210,000 customers; approximately 130,000 customers are without power in Coastal Georgia.
- Damage and power outages are concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties.
- More than 500 distribution poles were broken or damaged.
- Nearly 38 miles of wire (1,000 spans) needed to be replaced.
- More than 1,800 fallen trees have caused damage to electrical equipment.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The company is also posting regular updates with localized estimated restoration times on the Outage Map.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Power has been restored to more than 150,000 customers.
- Approximately 160,000 customers are without power in coastal Georgia.
- More than 500 distribution poles are broken or damaged.
- Nearly 38 miles of wire (1,000 spans) need to be replaced.
- Damage and power outages are concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Power has been restored to more than 110,000 customers following Hurricane Matthew.
- As of 8:30 a.m. Sunday, there are more than 203,565 customers without power in Georgia and more than 1,919 cases of damage (including broken poles and lines) the company is working to repair.
- Damage and power outages are concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Power has been restored to more than 100,000 customers following Hurricane Matthew.
- As of 8 p.m. Saturday, there are more than 217,000 customers without power in Georgia and more than 1,800 cases of damage (including broken poles and lines) the company is working to repair.
- Damage and power outages are concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts: Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center: Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map: Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App: Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter: Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Before a Storm: Stay aware and check the weather forecast before heading outdoors. Turn off air conditioners as power surges can overload them and charge cell phones in case you lose power.
- During a Storm: Take safe shelter inside a sturdy building away from windows and doors. Avoid contact with conductors of electricity - appliances, metal objects and water.
- After a Storm: Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Emergency Plan and Kit – Visit the Georgia Power hurricane resource page for information on how to build a family emergency plan and emergency supply kit.
- Defined Low, Medium and Tall Zones around homes and recommended bush and tree species for each zone.
- Planting tips to help ensure new landscaping is best positioned for health and growth.
- Pruning tips to ensure proper removal of limbs and branches from established trees.
- Safety tips including appropriate proximity to power lines and electrical boxes, as well as the importance of contacting Georgia 811 to have underground utilities located prior to digging.
- Outage Alerts – Subscribe to the free Georgia Power Outage Alert service to receive personalized notifications and updates via text message.
- Outage & Storm Center - Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go. Use the app anytime to access account information and mobile bill payment options, as well as energy efficiency tools.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Performed 6.9 million work hours safely from January to June 2016 with all construction activities meeting stringent Nuclear Regulatory Commission (NRC) requirements.
- Placed thousands of tons of modules, including the CA02 and CA03 structural modules for Unit 3 – the two modules complete the placement of the "Big Six" modules for the unit.
- Installed or placed more than 1,480 tons of rebar, more than 2,451 tons of structural steel and more than 10,845 cubic yards of concrete in the nuclear islands, turbine islands and annex building alone.
- Completed all Vogtle Unit 1 230-kV switchyard modifications necessary to connect the new units to the transmission grid without interrupting power delivery from the operational units.
- Transitioned Westinghouse and its affiliates as the primary contractor, which has enhanced communication.
- CO2CRC, Australia
- CO2 Technology Centre Mongstad, Norway
- Commonwealth Scientific and Industrial Research Organization, Australia
- Huaneng Clean Energy Research Institute, China
- Korea Institute of Energy Research, Korea
- National Carbon Capture Center, United States
- SaskPower, Canada
- SINTEF Foundation for Scientific and Industrial Research, Norway
- UKCCSRC Pilot-Scale Advanced Capture Technology, United Kingdom
- Uniper Technologies Limited, Germany
- Construction progress through the second quarter of 2016, including the delivery of reactor coolant pumps from Pennsylvania, completion of the final "Big 6" modules (CA02 and CA03) and the completion of vertical construction of the Unit 4 cooling tower, which now stands at 601 feet.
- Insights from David Jones, nuclear development technical support vice president. Jones discusses the impact of the new One Team: Every Day Matters construction strategy, as well as collaboration with the contractor and improvements driving progress with a focus on critical path activities and schedule. Jones also highlights the hiring of more craft labor for the project and the opening of additional work fronts across the site.
- Comments from John Austin, Vogtle 3 & 4 training director. Austin provides an overview of operational readiness activities and transition to operations occurring at the site including the successful turnover of multiple systems and structures to Southern Nuclear. He also discusses areas of integration with the existing Vogtle plant site and the One Vogtle, One Site effort.
- Personal perspectives from employee Magali Koyo, Vogtle 3 & 4 engineering supervisor. Koyo shares the importance of the project to her family and her involvement in employee groups dedicated to community service such as Women in Nuclear and the Citizens of Georgia Power.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers with a projected regulated rate base of approximately $50 billion;
- Operations of nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipelines; and
- Generating capacity of approximately 44,000 megawatts.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 44,000 megawatts of electricity generating capacity.
- LaGrange (Friday, June 17): Interface Awarehouse, 1603 Executive Drive
- Albany (Tuesday, June 21): Albany Civic Center, 100 West Oglethorpe Boulevard
- Americus (Wednesday, June 22): Georgia Southwestern State University, 800 Georgia Southwestern State University Drive
- Savannah (Thursday, June 23): Savannah Technical College, 5717 White Bluff Road
- Savannah (Friday, June 24): Savannah Convention Center & Georgia Municipal Association Convention, One International Drive, Hutchinson Island
- Austell (Monday, July 18): Riverside EpiCenter, 235 Riverside Parkway
- Dahlonega (Tuesday, July 19): University of North Georgia/Continuing Education Center, 25 Schultz Avenue
- Duluth (Wednesday, July 20): Gwinnett Chamber of Commerce, 8500 Sugarloaf Parkway
- Use Your Fans: Fans create a cooling effect (or "wind chill") and can make a room feel four degrees cooler. Turn ceiling fans off when not in the room to conserve energy.
- Adjust the Drapes: Make sure drapes, curtains and furniture don't block air vents but do block sunlight, which can heat up a room drastically.
- Check your A/C: Have your A/C serviced annually to ensure its running efficiently. When doing yardwork, be sure to trim nearby plants and cut grass away from around the A/C units so it can receive proper air flow.
- Pool Planning: Consider slowly reducing pool filtration time by 30 minute increments daily or install a timer to control the length of time that the pool pump cycles on.
- Secondary Refrigerators and Freezers: Secondary refrigerators and freezers (especially if located in unconditioned garages or sheds) can use tremendous amounts of energy. Consider recycling your refrigerator this summer or recycle your secondary refrigerator or freezer and be eligible for a $50 rebate from Georgia Power.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 44,000 megawatts of electricity generating capacity.
- Wear a Life Jacket – Young or old, and no matter how well you can swim, always wear a life jacket (or a personal flotation device) while on the water.
- Pools vs. Lakes – Make sure children know the difference between pools and lakes – lakes can produce currents, uncertainty on water depth and hidden natural features under the water.
- CPR Basics – Spend a few minutes learning CPR basics. Knowing the proper way to perform CPR can save a life on the lake, or every day. Classes and basic information is available from the American Red Cross (www.redcross.org/cpr) and the American Heart Association (www.heart.org).
- Watch your Speed – Be a courteous boater and watch your speed just like you would on the road. Watch for signage and follow the posted instructions.
- Light at Night – Make sure your boat is equipped with proper lighting if you are going to be on the water at night.
- Facebook.com/NorthGeorgiaLakes (Lakes Burton, Seed, Rabun, Tugalo, Yonah and Tallulah Falls)
- Facebook.com/WestGeorgiaLakes (Lakes Harding, Lake Oliver, Worth, Goat Rock Lake, North Highlands)
- Facebook.com/CentralGeorgiaLakes (Lakes Jackson and Juliette)
- Facebook.com/EastGeorgiaLakes (Lakes Oconee and Sinclair)
- More than 3,200 local events in schools reaching more than 80,000 students as part of the signature Learning Power program. Learning Power provides customized curriculum and materials at no cost to schools with education coordinators presenting STEM-related lessons highlighting energy basics such as simple circuits and energy efficiency, in addition to activities that help students understand how energy is made and distributed. In just five years since the program began, Georgia Power has hosted more than 14,000 events reaching 380,000 Georgia students.
- Nearly 1,000 PowerTOWN electrical safety presentations reaching thousands of students and adults. PowerTOWN uses a model town table kit to demonstrate real-life scenarios involving electricity and explain how to safely live and work around electricity every day.
- Dozens of Georgia Power employees spotlighted literacy by reading in more than 160 Georgia classrooms to 3,800 students as part of Georgia Pre-K Week in October. The company partners with the non-profit Voices for Georgia's Children and other leading Georgia companies to raise awareness of the importance of early childhood education through this annual event.
- Consider the Cord – Don't place appliance cords where they will come into contact with stoves or other heated surfaces, over countertops or areas where they could be pulled. Look for frayed appliance cords, inspect them regularly and never substitute an extension cord for permanent wiring.
- Ladders Matter – Exercise caution when using ladders around the house, painting, pruning or cleaning near a service drop as all ladders can conduct electricity.
- Watch for Wires – Keep balloons, kites, fishing lines, aluminum poles and unmanned aerial vehicles (UAVs or drones) away from overhead lines every day and as line crews work in the field.
- Prep Poolside – Don't use electrical appliances near pools and never route extension cords around pools.
- Focus on Fire Prevention – Avoid storing combustibles such as paint, cardboard, sawdust and flammable liquids near electrical equipment or fuse boxes.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 44,000 megawatts of electricity generating capacity.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 44,000 megawatts of electricity generating capacity.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 44,000 megawatts of electricity generating capacity.
- Insights from Mark Rauckhorst, executive vice president of construction, including progress and the positive impact of the recent settlement agreement on daily work at the site. In addition, Fran Forehand, Georgia Power East Region vice president, shares the various ways Plant Vogtle employees are engaging the local community including $320,000 recently raised for United Way.
- Progress across the construction site in the first quarter including the placement of more than 1,800 cubic yards of concrete to fill the walls of the Unit 3 CA20 module, continued progress on the cooling towers for both units and the preparation of the Unit 3 CA03 module for placement.
- A look inside the modular assembly building where workers are completing 11 submodules for the Unit 4 CA01 module and continuing work on submodules for Unit 4 CA20.
- The filing of the 14th Vogtle Construction Monitoring (VCM) report with the Georgia Public Service Commission (PSC) in February.
- the prudence of subscriber decisions to contract with Grid Assurance™ for sparing service and the prudence of purchasing spare equipment from Grid Assurance™ following a qualifying event;
- the availability of single-issue ratemaking to recover costs of purchasing sparing service and spare equipment from Grid Assurance™; and
- that affiliate rules are waived for Grid Assurance™, subject to certain conditions including submission of an annual information report from Grid Assurance™ that contains audited financial statements, information about the sparing service fee formula and information about sparing sales including cost and sale price. The annual information reporting requirement will begin a year from the start of sparing operations.
- An elevated view of the progress at the site including Unit 3 containment and the cooling towers for Unit 3 and 4.
- A look inside the Unit 4 containment area, which will house the reactor vessel and other critical components, as well as new images of the Unit 4 turbine building.
- Unit 3 construction progress including the annex building, CA20 module in place and the containment area.
- New images and footage of workers on the site safely completing various activities.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 44,000 megawatts of electricity generating capacity.
- $5.8 million for Education initiatives such as the Ron Clark Academy, University System of Georgia Foundation, Inc. and Berry College, Inc. This includes company matched employee donations to 86 institutions of higher education.
- $4.8 million for Health & Human Services such as Eagle Ranch, Inc., American Heart Association, Inc. and United Way.
- $2.9 million for Environmental Stewardship, to protect and enhance Georgia's natural resources, such as Atlanta Botanical Gardens, Inc., Atlanta Fulton County Zoo and Jekyll Island Foundation, Inc.
- $2.3 million for Civic & Community efforts including the Boys & Girls Clubs, Georgia Chamber of Commerce Foundation, Inc. and Georgia Cities Foundation, Inc.
- $1.5 million for Arts & Culture including the Alvin Ailey Dance Foundation, Inc., Woodruff Arts Center and Augusta Symphony, Inc.
- Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
- Operations of nearly 200,000 miles of electric transmission and distribution lines;
- More than 80,000 miles of gas pipelines; and
- Approximately 46,000 megawatts of electricity generating capacity.
- A look inside the Unit 3 containment area including a ground-level view of the towering CA01 module, which will house the two Unit 3 steam generators.
- Major components on-site being prepared for installation including the reactor vessels and low-pressure turbine rotors.
- Updated aerial photography of the entire site, nuclear islands and new transmission lines from the site.
- New images of workers on the site safely completing various activities.
- Focus on the Fireplace – Close the flue damper tightly or leave cracked if it's a standing pilot light when the fireplace is not in use to keep conditioned air in the living space. Consider increasing fireplace efficiency with a heat-circulating fireplace and chimney adapter system.
- Let it Flow – Heating accounts for as much as 50 percent of a home's typical winter energy usage. Maximize the efficiency of your units by changing the filters once a month, or every three months for pleated filters.
- Thinking Thermostats – Install a programmable thermostat that automatically adjusts the home's temperature settings when you are away from the house, and save up to $100 a year in energy costs, plus Georgia Power rebates of up to $100.
- It's Great to Insulate – Keep heat where it belongs with proper insulation in attics and walls. You'll save energy 24/7 and be eligible for hundreds of dollars in rebates from Georgia Power.
- Caulk & Strip – Replace cracked or peeling caulk or weather stripping around doors and windows to save up to 10 percent on energy use.
- Outage Alerts – Since its introduction in 2013, more than 163,000 Georgia Power customers have signed up for the free service and are receiving personalized notifications and updates via text message, phone call or email if storms interrupt power at their home or business.
- Outage & Storm Center – Available at www.georgiapower.com/storm, customers can visit this site to sign up for Outage Alerts, report and check the status of outages, and access useful safety tips and information categorized easily divided by before, during and after a storm.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power's interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. A popular destination for customers, the Outage Map logged an estimated 1.2 million-plus views in 2015.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices for storm and outage information on the go. Use the app anytime to access account information and mobile bill payment options, as well as energy efficiency tools.
- @GeorgiaPower on Twitter – Follow @GeorgiaPower on Twitter for storm tips, outage updates, customer service and more.
- Assembling food pantry boxes at Northeast Georgia Food Bank (Gainesville)
- Painting the facilities at Raintree Village Children and Family Services (Valdosta)
- Constructing beds for women and children's shelters at i-CARE Project Warehouse (Grovetown)
- Providing community, educational and inspirational programs to senior citizens at Lutheran Towers (Atlanta)
- Thousands of tons of modular components were placed by one of the world's largest construction cranes throughout 2015:
- Consistent, quality welding, rebar, steel and concrete placement take place every day at the Vogtle site and are essential to long-term safety and reliable operation. In 2015, workers:
- Elizabeth Brown, Cochran (Bleckley County Middle School)
- Christopher Drakes, Fort Valley (Hunt Elementary School)
- Leroy Brooks, Jr., Fort Valley (Fort Valley Middle School)
- Andrea Sowell, Macon (Howard High School)
- Ashleigh Lincoln, Macon (Westside High School)
- Christopher Leshoure, Macon (Westside High School)
- Cherie Alston, Brunswick (Altama Elementary School)
- Brandon Evans, Brunswick (Brunswick High School)
- Owen Nix, Springfield (Effingham County High School)
- Makenzie Simons, Statesboro (Mattie Lively Elementary)
- Brooke Byrd, Grovetown (Cedar Ridge Elementary School)
- Erin Wedereit, Grovetown (Grovetown Middle School)
- Trey Summerville, Atlanta (Kindezi Charter School)
- Taylor Johnson, Canton (Hasty Elementary School)
- Derek Tobin, Canton (Creekland Middle School)
- Cassandra Allen, College Park (Benjamin Banneker High School)
- Anthony Chatfield, Covington (Eastside High School)
- Binh Hoang, Fayetteville (Whitewater High School)
- Christopher Jones, Fayetteville (Spring Hill Elementary School)
- Jessica Peal, Gainesville (Chestatee Elementary School)
- Kayon McFarlane, Hampton (Hampton Middle School)
- Kelsey Wilson, Jonesboro (Lee Street Elementary School)
- Brennan McGee, Kennesaw (Pine Mountain Middle School)
- Jamario Shade, Lawrenceville (Sweetwater Middle School)
- Meghan Euliano, Lithia Springs (Lithia Springs Elementary School)
- Glenn Chance, Lithonia (Martin Luther King Jr. High School)
- Ashley Jarrett, Suwannee (Collins Hill High School)
- Brandon Davis, Rex (Rex Mill Middle School)
- Zachary Kroll, Roswell (Centennial High School)
- Tyler Cleveland, Dawsonville (Riverview Elementary School)
- Ethan Shirley, Flowery Branch (Davis Middle School)
- Ashley Sutton, Carrollton (Carrollton High School)
- Rachael Sneed, Dalton (Pleasant Grove Elementary School)
- Chessica Ross, Albany (Westover High School)
- Martin Chaplin, Albany (Turner Elementary School)
- Emily Smoak, Ocilla (Irwin County Middle School)
- Kelly Dekle, Tifton (Tift County High School)
- Robert Bullington, Tifton (Len Lastinger Primary School)
- Amber Byous, Barnesville (Lamar County Elementary School)
- Justin Gunnels, Barnesville (Lamar County Middle School)
- Hailey Hinson, Columbus (River Road Elementary School)
Southern Power to add Battery Energy Storage Resources to two California Solar Projects
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Feb. 4, 2021 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, has been awarded two 20-year power purchase agreements by Southern California Edison (SCE) and is adding battery-based energy storage resources at both Southern Power's Tranquillity Solar Facility and Garland Solar Facility in California.
"These projects will be two of the first co-located solar and storage projects operating in the California market," said Southern Power President Bill Grantham. "We're excited to be a part of the effort to enhance California's grid reliability. The addition of these storage resources to our clean energy portfolio is a great strategic fit for our business and will further position Southern Power to meet our customers' needs as the energy industry continues to evolve."
The battery-based energy storage additions will enhance California's grid reliability by providing SCE and the California ISO (CAISO) with additional flexible resource capacity that will assist in further integrating intermittent renewable energy into the grid. For the Garland Solar Facility in Kern County, California, 88 megawatts (MW) and 352 megawatt-hours (MWh) of energy storage will be added, while 72 MW and 288 MWh of energy storage will be added to the Tranquillity Solar Facility in Fresno County, California.
The energy storage projects will be owned in partnership with AIP Management (on behalf of Danish pension funds PKA and PenSam) and Global Atlantic Financial Group, both of which have existing ownership interests in the Garland and Tranquillity solar facilities that went into commercial operation in 2016. Southern Power operates the solar projects and will be responsible for operating the energy storage projects upon completion.
These two energy storage projects align with Southern Power's growth strategy of developing and acquiring projects covered by long-term contracts with strong credit counterparties.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 52 facilities operating or under development in 13 states with more than 12,080 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas, Washington and West Virginia.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected capacity and storage additions. Southern Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the potential effects of the continued COVID-19 pandemic; variations in demand for electricity and natural gas; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; performance of counterparties under ongoing renewable energy partnerships and development agreements; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Power; and the successful performance of necessary corporate functions. Southern Power expressly disclaims any obligation to update any forward–looking information.
View original content to download multimedia:http://www.prnewswire.com/news-releases/southern-power-to-add-battery-energy-storage-resources-to-two-california-solar-projects-301222296.html
SOURCE Southern Power
Article Date
2/4/2021Southern Company gets high marks for environmental transparency
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Feb. 2, 2021 /PRNewswire/ -- Southern Company earned a score of A- from the CDP Climate Change Disclosure for its environmental transparency and leadership within the North America region and thermal power generation sector. In 2019, the company received a B.
The CDP, formally the Carbon Disclosure Project, is a global nonprofit that releases annual scores to incentivize and guide companies and municipalities in becoming leaders in environmental transparency and action.
By completing CDP's annual request for climate change disclosure, Southern Company is demonstrating the transparency and accountability vital to tracking progress toward a thriving, sustainable future.
"Southern Company is committed to increasing disclosure of our system's strategy and process for planning to a net zero future. Participating in the CDP climate disclosure is another step in that process," said Jeff Burleson, Southern Company senior vice president environmental and system planning. "Our commitment to delivering energy and energy solutions includes conserving and protecting the environment for today and for future generations."
In 2020, Southern Company moved to a long-term greenhouse gas emissions reduction goal of net zero emissions by 2050. This replaces the low- to no-carbon goal the company announced in 2018. The Southern Company system has already made significant progress toward our 2030 goal of reducing emissions by 50% from 2007 levels.
Building on its disclosure to CDP, Southern Company also issued the Implementation and Action toward Net Zero report in 2020.
More than 9,600 companies disclosed environmental data through CDP in 2020. This is in addition to the more than 920 cities, states and regions that disclosed in 2019, making CDP's platform one of the richest sources of information globally on how companies and governments are leading on environmental performance.
"Corporations have a significant role to play in solving the environmental crisis, and the first essential step is to be transparent around their current environmental impacts," said Ateli Iyalla, managing director at CDP North America. "Southern Company is among a critical mass of companies that are disclosing their environmental impact to CDP annually – thereby uncovering risks and opportunities, boosting their competitive advantage and tracking press toward sound environmental management. I look forward to seeing them advance their action and continue on a path toward true environmental stewardship."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About CDP
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the over 920 cities, states and regions who disclosed in 2019, making CDP's platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.
View original content to download multimedia:http://www.prnewswire.com/news-releases/southern-company-gets-high-marks-for-environmental-transparency-301220097.html
SOURCE Southern Company
Article Date
2/2/2021Georgia Power encourages action during Severe Weather Awareness Week
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Feb. 1, 2021 /PRNewswire/ -- Georgia Power is encouraging its 2.6 million customers to be severe-weather ready, as the company partners with the Georgia Emergency Management Agency and the National Weather Service for Severe Weather Awareness Week (SWAW), which will take place February 1 – 5. Because Georgia is susceptible to all types of severe weather, each day of the week will focus on a specific type of severe weather or preparedness action Georgia Power customers can take to help become storm ready.
Severe Weather Daily Schedule
Georgia Power reminds customers to keep safety first when a storm is imminent and offers the following severe weather tips:
Tools You Can Use to Prepare for Severe Weather Year-round
Georgia Power constantly monitors changing weather conditions and remains prepared to respond to any service interruptions that might occur because of severe weather. Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information and restoration updates during severe weather.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
2/1/2021Southern Company named one of Fortune magazine's 2021 'World's Most Admired Companies'
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Feb. 1, 2021 /PRNewswire/ -- Southern Company has been named to Fortune magazine's 2021 World's Most Admired Companies list, a ranking of the world's most respected and reputable companies, based on a survey of almost 3,800 executives, directors and analysts.
The 2021 list ranks Southern Company among the top-four electric and gas utilities worldwide, up two spots from last year.
"On behalf of the thousands of people making thousands of good decisions every day at Southern Company, we are pleased to receive this distinction from Fortune as a leader in our industry and one of the World's Most Admired Companies," said Southern Company chairman, president & CEO Tom Fanning.
"At Southern Company, we operate every day knowing how we do our jobs – the behaviors we exhibit with customers and each other – is just as important as what we do. Our uncompromising values – Safety First, Unquestionable Trust, Superior Performance and Total Commitment – ensure we put the needs of those we serve at the center of everything we do and govern our business for the benefit of all."
Southern Company is privileged to provide the clean, safe, reliable and affordable energy customers depend on to live, work and play. Southern Company has been entrusted with an enormous responsibility and operates its businesses accordingly.
For more than a century, the company has been building the future of energy and developing the full portfolio of energy resources required to drive growth and prosperity. Southern Company and its subsidiaries recognize the responsibility that comes with a privilege to develop energy solutions and are steadfast in the commitment to customers, neighbors and communities.
In determining the list, Fortune collaborated with Korn Ferry on this survey of corporate reputation. They began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in Fortune's Global 500 database that have revenues of $10 billion or more.
To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed.
This is Southern Company's tenth year being named to the list.
To learn more about Fortune's 2021 World's Most Admired Companies List visit: https://fortune.com/worlds-most-admired-companies/2021/
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
2/1/2021Southern Company fourth-quarter and full-year earnings to be released Feb. 18
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 29, 2021 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter and full-year 2020 by 7:30 a.m. EST on Thursday, Feb. 18, 2021.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Thursday, Feb. 18th.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/29/20211/28/2021 - Southern Company earns perfect score in Human Rights Campaign Foundation's 2021 Corporate Equality Index
Southern Company earns perfect score in Human Rights Campaign Foundation's 2021 Corporate Equality Index
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 28, 2021 /PRNewswire/ -- Southern Company has earned a 100 percent rating on the Human Rights Campaign Foundation's 2021 Corporate Equality Index (CEI). This is the fifth consecutive year Southern Company has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation.
"I am honored that Southern Company maintains a 100 percent score," said Chris Collier, director of talent acquisition and diversity and inclusion for Southern Company. "This recognition highlights our company's continuous efforts to create a workplace environment where all employees are valued, respected and have the support they need to thrive."
The CEI is the national benchmarking survey used to report on corporate policies and practices relating to LGBTQ workplace equality. Using its most rigorous criteria to date, the CEI rating criteria have four key pillars:
Southern Company is committed to fostering a welcoming and inclusive environment where employees from different backgrounds and perspectives can realize their full potential. Throughout the organization, Southern Company is dedicated to empowering all employees to contribute, flourish and advance.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/28/2021Georgia Power's Vogtle Unit 4 begins Integrated Flush
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 25, 2021 /PRNewswire/ -- Georgia Power's Vogtle Unit 4 has begun integrated flush, the testing process that pushes water through the permanent plant system piping that feeds into the reactor vessel and reactor coolant loops. This is the latest in a number of significant milestones recently achieved at the Vogtle nuclear expansion project and marks another step towards operations and providing customers with a clean, carbon-free energy source.
Last month the project received the historic first nuclear fuel shipment for Vogtle Unit 3, placed the two-million-pound roof of the Vogtle Unit 4 shield building and completed the pre-operational condenser vacuum test of the Vogtle Unit 3 turbine system in preparation for hot functional testing.
Integrated flush represents a critical step as the process is key to helping ensure the safe startup of Unit 4 and marks the start of extensive testing ahead for the unit's systems. Over the next few months, site personnel at the Vogtle nuclear expansion project will work through this process to clean and test the system piping ahead of testing of Unit 4.
This process will start with the chemical and volume control system and spent fuel pool cooling system, and continue into the reactor coolant system, the passive core cooling system, and the normal residual heat removal system as they are turned over from construction to the system operations teams.
Additional milestones recently achieved include:
Carbon-free energy source
The new Vogtle units are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers and play a significant role in supporting Southern Company's goal of net-zero carbon emissions by 2050.
Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Photos highlight progress
Follow the progress being made at the site of the nation's first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle units 3 and 4 and expected job creation as well as carbon emissions reduction goals. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
1/25/20211/15/2021 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 15, 2021 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 64 cents per share on the company's common stock, payable Mar. 8, 2021, to shareholders of record as of Feb. 16, 2021.
Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/15/2021Georgia Power honored for response efforts during historic 2020 hurricane season
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 14, 2021 /PRNewswire/ -- The Edison Electric Institute (EEI) today presented Georgia Power with the association's "Emergency Recovery Award" for its power restoration efforts after Hurricane Zeta, and the "Emergency Assistance Award" for help provided to out-of-state utilities following Hurricane Isaias.
These awards are given to select EEI member companies to recognize their efforts to restore power to customers after service disruptions caused by severe weather conditions or other natural events. The winners are chosen by a panel of judges following an international nomination process. Georgia Power received the award during EEI's Winter Board and Chief Executives Meeting.
"It is always an honor to be recognized by EEI for our storm response efforts, but this year it means a little more because our team had the unprecedented task of not only responding to a historic hurricane season, but responding during a pandemic," said Chris Womack, president of Georgia Power. "It is truly a testament to the unwavering commitment of our team to restore power as safely and quickly as possible for our customers and our neighbors when a storm hits."
Georgia Power has earned the Emergency Recovery Award nine times, including as recently as 2020. This is the sixth time Georgia Power has earned the Emergency Assistance Award.
Damage from Hurricane Zeta was widespread and covered the northern half of the state and was similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Zeta's impacts were severe and were exacerbated when a strong cold front with gusty winds quickly followed behind the storm, less than 12 hours later.
Georgia Power estimates that damage from Hurricane Zeta included:
Georgia Power also received the Emergency Assistance Award for help provided to First Energy following Hurricane Isaias, a destructive Category 1 hurricane that caused extensive damage across the Caribbean and the East Coast of the United States. The storm spawned a large tornado outbreak that generated the strongest tropical cyclone-spawned tornado since Hurricane Rita in 2005. More than 150 Georgia Power personnel and contractors assisted First Energy for 5 days.
"I congratulate and applaud Georgia Power for demonstrating continued commitment to the customers and to the communities it serves," said EEI President Tom Kuhn. "In the midst of a global pandemic and often in the most hazardous of conditions, Georgia Power and its frontline employees worked around-the-clock to restore service safely and quickly. Georgia Power is exceptionally deserving of this prestigious award."
The company coordinates with other utilities through the mutual assistance network. The network consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to request additional resources to help restore power to Georgia Power customers following a major storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
The Edison Electric Institute (EEI)
EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for more than 220 million Americans and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 65 international electric companies, with operations in more than 90 countries, as International Members, and hundreds of industry suppliers and related organizations as Associate Members.
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SOURCE Georgia Power
Article Date
1/14/2021Georgia Power continues to make progress on ash pond closure at Plant Mitchell with dewatering process scheduled to begin in February
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 14, 2021 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of three ash ponds at Plant Mitchell with the dewatering process scheduled to begin in February. Dewatering marks a significant step towards completing the closure process, and Georgia Power's ash pond closure plan for Plant Mitchell is specifically designed for the site to help ensure water quality is protected every step of the way.
"As we begin the dewatering process at Plant Mitchell, we continue to focus on safety and meeting all requirements throughout the process to fulfill our longstanding commitment to protect the environment, our local communities and water quality every step of the way," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "Throughout the process, clear communication to our customers and the community about our progress remains a priority."
With the Plant Mitchell project, approximately two million tons of stored coal ash will be removed from the existing ash ponds for reuse in Portland cement manufacturing. The project at Plant Mitchell marks the first time that stored ash from existing ash ponds at sites in Georgia will be excavated for beneficial reuse as part of an ash pond closure project.
Today, the company already recycles more than 85 percent of all ash and gypsum, including more than 95 percent of fly ash, it produces from current operations for various beneficial reuses such as concrete production as well as other construction products.
The ash pond dewatering plan for Plant Mitchell has been approved by the Georgia Environmental Protection Division (EPD) and describes the water treatment system, controls and monitoring that will be used during the process to help ensure that the water discharged is protective of water quality standards. The planned onsite closure methods are being permitted and regulated by the EPD.
Communication regarding the closure plan is provided through EPD permitting notifications as well as posting on Georgia Power's website. To read more about Plant Mitchell's ash pond closure and dewatering process, click here.
Georgia Power first announced plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. Georgia Power's ash pond closure plans fully comply with the federal Coal Combustion Residuals (CCR) rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the EPD will approve all actions to help ensure ash pond closures are protective of water quality.
Protecting Water Quality
Since 2016, Georgia Power has installed more than 550 groundwater monitoring wells around its ash ponds and onsite landfills to actively monitor groundwater quality to help ensure the company is being protective of lakes, rivers and drinking water. In 2020 alone, there were 1,292 groundwater samples collected and 54 groundwater reports completed.
Third-party professional engineers and geologists direct the appropriate placement of monitoring wells for Georgia Power based on site-specific geology. Independent, third-party professionals perform sampling, with analysis by accredited, independent laboratories.
Monitoring is being conducted in compliance with federal and state laws and regulations. The first round of testing was completed with results published in August 2016, more than 18 months ahead of federal requirements, and the company continues to post testing results on Georgia Power's website and report them to the EPD.
Dewatering Process
The dewatering process marks a significant step towards completing the ash pond closure process and is now underway at seven sites: Plants Bowen, Hammond, McDonough, McManus, McIntosh, Branch and Yates. Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to help ensure that it meets the requirements of the plant's wastewater discharge permits approved by the EPD and is protective of applicable water quality standards.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning ash pond closure and ash removal plans and schedules. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Georgia Power's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax, environmental, and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to CCR; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities or other projects; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting procurements issued periodically by standard-setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
1/14/20211/13/2021 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
Orignial Article: https://contentapi.cision...
BIRMINGHAM, Ala., Jan. 13, 2021 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending March 31, 2021, payable April 1, 2021, to shareholders of record on March 17, 2021.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
1/13/2021Southern Company joins Apple in announcing launch of new digital learning hub, global headquarters for innovation for HBCUs
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 13, 2021 /PRNewswire/ -- Southern Company and Apple joined educators and community stakeholders today to announce a partnership to launch the Propel Center, a new digital learning hub, business incubator, and global innovation headquarters in Atlanta, Georgia for students of historically black colleges and universities (HBCUs).
Both Apple and Southern Company are founding partners, with the Southern Company Foundation and Apple each contributing $25 million to this effort.
"We know inequities exist in our society, and it's up to each of us to be more intentional in our efforts to make a difference and bridge the gap," said Thomas A. Fanning, chairman, president and CEO of Southern Company. "We know more must be done, and the establishment of the Propel Center is another important demonstration of Southern Company fulfilling our commitment to move our communities to a more equitable future. Partnering with Apple in this initiative is an exciting way to connect future leaders with these critical resources."
"We're proud to partner with Southern Company on this groundbreaking new project to build a global hub for innovation and learning for the entire HBCU community," said Lisa Jackson, Apple vice president of environment, policy, and social initiatives. "This important effort builds on our long-standing collaboration to advance educational equity, and we are thrilled to be working together to help HBCU faculty create best-in-class curriculum and ensure their students have access to cutting-edge skills and opportunities."
The $25 million investment from the Southern Company Foundation will help grow Black entrepreneurship and provide much-needed technology resources to the workforce of the future. This commitment is part of the $50 million multi-year initiative Southern Company and its subsidiaries announced in 2020 to provide scholarships, internships, leadership development, access to technology and innovation to support career readiness for students attending select HBCUs within the Southern Company system's service footprint in Alabama, Mississippi, Georgia, North Carolina, Tennessee, and Virginia.
"We are incredibly encouraged by the future possibilities presented through our support of HBCUs," said Chris Womack, president of Georgia Power, a subsidiary of Southern Company. "By investing in better outcomes, we create new opportunities for the students of today to become the leaders of a more prosperous tomorrow."
Propel is both a physical and virtual campus that is designed to provide HBCUs with shared resources to support their work of preparing leaders to improve our world. Via a physical campus and digital learning tools, students from 100-plus HBCUs will be able to connect with the brightest minds in the world, through one-of-a-kind global opportunities. The students will also be able to connect with each other — a key component as they become more civic-minded leaders and entrepreneurs of tomorrow.
"Tech jobs offer lucrative salaries and among the best opportunities for growth, yet the workforce in the nation's top firms still does not reflect the country's diverse population," said Dr. David A. Thomas, president of Morehouse College. "Black and Hispanic professionals continue to be underrepresented in STEM (Science, Technology, Engineering, and Math) careers. What students need are more opportunities at the college level to show and grow their skills in coding, programming, and data analysis in partnership with industry leaders. Apple and Southern Company are committed to developing the talent found at HBCUs and are committing resources to help improve diversity in STEM."
The physical campus will be located in Atlanta at the Atlanta University Center, a consortium made up of Clark Atlanta University, Morehouse College, Morehouse School of Medicine, Morris Brown, and Spelman College. Southern Company will serve as the energy partner for the construction of the building, ensuring it is sustainable and environmentally-friendly.
"The Propel Center will be a tremendous asset to Atlanta's thriving HBCU community and will advance the mission of these institutions in the United States, and around the world," said Atlanta Mayor Keisha Lance Bottoms. "Thank you to Apple and Southern Company for investing in our youth and our communities. We are honored to join you in this monumental effort."
The Propel Center continues the work that was established by Southern Company subsidiary Alabama Power and Apple in February 2020 with the launch of Ed Farm, an education initiative that aims to equip educators and communities in Alabama with innovative tools and strategies that support active learning for all students. The goals of Ed Farm: increase educational equity, improve learning outcomes through technology, and prepare the future tech workforce.
Anthony Oni, a Southern Company Gas executive who serves as the founder and chairman of Ed Farm, designed the Propel initiative to advance collaboration and innovation at HBCUs. He will continue to work on the project going forward, actively engaging with academic and institutional partners.
"These investments are critical as we begin to truly scale Black innovation ecosystems," said Oni, vice president, Southern Company Gas. "By leveraging technology and partnerships to connect students with unique learning opportunities, we can lift up the talent that already exists at these institutions of higher learning and accelerate their development. In doing so, we will have a hand in shaping the workforce of the future — and the leaders of tomorrow."
For updates, and to register your interest in participating, visit www.PropelCenter.org.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/13/2021Georgia Power Expects to Adjust Key Milestones at Plant Vogtle
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 11, 2021 /PRNewswire/ -- Since the outbreak of the COVID-19 pandemic, Georgia Power and Southern Nuclear have made significant adjustments to work practices at the Plant Vogtle Units 3 and 4 project site, designed to protect the health and safety of the project workforce and the surrounding community while maintaining productivity. Since October, the site has seen a significant increase in COVID-19 cases, consistent with the broader regional and national rise in cases. This increase, combined with other productivity challenges, continues to impact construction production and the pace of testing activity completion.
As a result, the project team is analyzing the schedule for key milestones, including the start of hot functional testing and fuel load for Unit 3, and expects to adjust those dates. Georgia Power continues to expect to meet its commitment to achieve the November 2021 and 2022 regulatory-approved in-service dates for Units 3 and 4, respectively. Further updates will be provided in connection with the Southern Company quarterly earnings call in February 2021.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S Nuclear Regulatory Commission (the "NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
1/11/2021Southern Company Becomes the First Large Cap Utility in the U.S. to Publish a Sustainable Financing Framework
Source: PR Newswire
Orignial Article: https://contentapi.cision...
ATLANTA, Jan. 11, 2021 /PRNewswire/ -- Southern Company has published a Sustainable Financing Framework ("Framework"), making it the first large cap utility holding company in the United States to do so. The Framework, published on January 4, 2021, allows the Southern Company and its subsidiaries to issue sustainable financing instruments and allocate the net proceeds to investments in eligible green and social project categories. These include projects related to renewable energy, energy efficiency, access to essential services (such as education and telecommunications), and employment advancement and development opportunities.
The Framework aligns with Southern Company's sustainability goals and its transition to a net zero-future. Southern Company was one of the first U.S. utilities to set bold, industry-leading goals to reduce greenhouse gas emissions from its system and has set a goal of net zero emissions by 2050.
Dedicated to being "a citizen wherever we serve," the Framework also aligns with Southern Company's social initiatives. Eligible social projects under the Framework include the procurement of products and services from diverse suppliers, education assistance for minority populations, as well as economic advancement and development opportunities for underserved employees, communities and students.
The inaugural bond under the Framework, a $400 million green bond, was issued on January 8, 2021 by Southern Power Company ("Southern Power"), a wholly-owned subsidiary of Southern Company.
Following Southern Power's $400 million green bond offering, the Southern Company system has now issued a combined total of nearly $3.9 billion in green bonds, which ranks within the top five among all U.S. corporate green bond issuers. For more information on the Southern Company system's previous green bond issuances, please click here.
The Framework is aligned with: The Green Bond Principles, 2018, Social Bond Principles, 2020, Sustainability Bond Guidelines, 2018 and Green Loan Principles, 2018. The Framework, including relevant United Nations Sustainable Development Goals (UN SDG) alignment, can be found here.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/11/2021Georgia Power prepared for possible severe weather Friday
Source: PR Newswire
ATLANTA, Dec. 31, 2020 /PRNewswire/ -- Georgia Power is actively monitoring changing weather conditions and the company is offering important safety tips and storm resources as storms are predicted to impact the state New Year's Day.
Due to the potential of heavy rain and saturated soil the storms are likely to bring down trees that could cause outages. Customers are encouraged to use this time to prepare and keep safety in mind.
As severe weather can happen at any time of year, the company offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/31/202012/30/2020 - Georgia Power distributes 8,000 energy efficiency kits and 150,000 LED light bulbs across state
Georgia Power distributes 8,000 energy efficiency kits and 150,000 LED light bulbs across state
Source: PR Newswire
ATLANTA, Dec. 30, 2020 /PRNewswire/ -- Georgia Power today announced a recent distribution of 8,000 energy efficiency kits from the company's Energy Efficiency Program to income-qualified customers across the state. The company also announced a distribution of nearly 150,000 ENERGY STAR® LEDs through partnering food bank facilities. The energy efficiency kits and LED bulbs will provide assistance through free energy efficiency upgrades designed to save customers money and make their homes more efficient.
The kits include items such as:
Georgia Power's Residential Specialty Lighting Program is also working with six Georgia-based food banks around the state to distribute more than 37,000 four-packs of ENERGY STAR® LEDs, program educational flyers and reusable grocery bags. The distribution of these 150,000 LED bulbs will help recipients save on their energy bill and usage, as LEDs use up to 90% less energy than incandescent bulbs, and last 15-25 times longer*.
Food bank partners include: Atlanta Community Food Bank, Food Bank of Northeast Georgia, Georgia Mountain Food Bank, Golden Harvest Food Bank, Middle Georgia Community Food Bank and Second Harvest Food Bank.
To learn more about Georgia Power's Residential Specialty Lighting Program, visit www.georgiapower.com/lighting.
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy efficiency tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Additionally, Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
*For more information about ENERGY STAR® LEDs, visit www.energystar.gov. ENERGY STAR is a registered mark of the US EPA.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/30/2020Save money and stay warm with energy efficiency advice
Source: PR Newswire
ATLANTA, Dec. 23, 2020 /PRNewswire/ -- With the official arrival of winter this week and cold temperatures in the weather forecast, Georgia Power is reminding customers that small changes around the house now can keep you comfortable while delivering big energy savings this winter.
Energy efficiency tips from Georgia Power include:
Georgia Power Marketplace
Georgia Power offers a full suite of energy efficient options for your home on our Marketplace. You'll find easy access to products to help make your home more energy efficient and connected. The company brings together popular products, including the latest in smart thermostats, LEDs and devices such as smart speakers, smoke alarms, advanced power strips, water-saving devices and air purifiers to a single convenient online portal on www.GeorgiaPowerMarketplace.com.
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy efficiency tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Additionally, Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/23/2020Mark Lantrip announces retirement after four decades of service to Southern Company; Company names Chris Cummiskey Chief Commercial and Customer Solutions Officer
Source: PR Newswire
ATLANTA, Dec. 17, 2020 /PRNewswire/ -- Southern Company today announced Chris Cummiskey, currently Group CEO for Southern Energy Resources and executive vice president of Southern Company Services Commercial Development, will succeed Mark Lantrip, who is retiring after 40 years of service. Cummiskey has been named executive vice president and Chief Commercial and Customer Solutions Officer for Southern Company, effective Jan. 1, 2021.
"As Southern Company continues to lead the way toward a new energy landscape, we will look to the diverse capabilities of our operating companies, unregulated businesses and the industry-leading research and development efforts," said Tom Fanning, chairman, president & CEO of Southern Company. "Chris is a valued member of the Southern Company team with a laser focus on delivering on our commitments to our customers, employees and shareholders as we decarbonize our operations to a net zero emissions future."
As Chief Commercial and Customer Solutions Officer, Cummiskey will be responsible for delivering growth and customer solutions across Southern Company's subsidiaries. This role will be customer focused, driving efficiencies and collaboration of Southern Company's customer, marketing and branding strategies across the companies.
Cummiskey also will oversee innovation functions including Southern Company's Research and Development and New Ventures organizations. In addition to these system-wide responsibilities, Cummiskey will serve as Chairman and CEO of Southern Power, PowerSecure and Southern Holdings.
"I have enjoyed the opportunity to work with Chris over the past six years, and I am proud to have him continue to leverage the great work of our regulated and unregulated companies with a common goal of driving value for customers," said Lantrip. "This position is critical to meet the goals we have set for ourselves on behalf of our customers, and I am confident in Chris's ability to continue to lead this effort on behalf of Southern Company."
Lantrip, who will be retiring effective April 2021, most recently served as the executive vice president for Southern Company and chief executive officer of Southern Company Services. He joined the company in 1981 as an analyst at Gulf Power and progressed through increasing levels of responsibilities at Georgia Power and Southern Company Services. Over the last six years in his role with SCS, Lantrip has been responsible for setting direction and driving marketing collaboration across the regulated and unregulated companies. He also has overseen the growth of Southern Company's unregulated businesses and innovative strategies including Southern Company's R&D organization and New Ventures.
"Over a distinguished 40-year career, Mark has been well ahead of the pack on recognizing and adopting the technology and innovation transforming the energy industry. A trusted friend and a sharp business mind, Mark has helped position Southern Company as a leader that is building and shaping the future of energy as opposed to a company having change forced upon it," said Fanning.
Before becoming Group CEO for Southern Energy Resources earlier this year, Cummiskey served as executive vice president of external affairs and nuclear development for Georgia Power. Previously in his career, Cummiskey served as chief commercial officer of Southern Power and as commissioner of the Georgia Department of Economic Development.
Cummiskey is a past member of the Board of Regents of the University System of Georgia, the Georgia Ports Authority and the Georgia board of trustees for the Nature Conservancy. He earned his bachelor's degree in business administration from the University of Georgia. He and his wife, Rebecca, reside in Atlanta with their two children, Addison and Jack.
During his career, Lantrip also served as chairman of Southern Power, PowerSecure and Southern Holdings, the Southern Company businesses units organized into the Southern Energy Resources Group in 2020. In previous roles, Lantrip served as executive vice president of finance for Southern Company Services and Southern Company treasurer with responsibility for financial planning and analysis, enterprise risk management, trust finance, capital markets and treasury.
Lantrip's career focused on innovation in the energy space. He serves as co-chair of the Institute for Electric Innovation, an Institute of the Edison Foundation focused on advancing the adoption of innovative and efficient technologies among electric utilities and their technology partners that will transform the power grid. Additionally, he is a founding member and chairs the board of The Alliance for Transportation Electrification, a broad coalition of organizations advocating for an acceleration of transportation electrification in all states across the country. Lantrip also was crucial to the development of Energy Impact Partners, the investment platform investing in innovative technologies, services and products throughout the energy supply chain and led Southern Company's involvement in the private equity firm when it formed in 2015.
"I am so thankful to have served at Southern Company and play a role in studying, researching and implementing the innovative energy solutions that are benefitting customers, communities and stakeholders," said Lantrip. "The people are the heart of Southern Company, people putting our customers at the center of everything they do every day. I want to thank the thousands of colleagues, teammates and friends I encountered during my career. I will always value our time together and it is those relationships I will miss most. But I retire knowing Chris will expertly guide the company in finding the next generation of technological breakthroughs and innovations."
Lantrip holds a bachelor's degree from Southern Illinois University and a master's degree from the University of West Florida. He and his wife, Lisa, have two children and five grandchildren.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 50 facilities operating or under development in 13 states with more than 11,920 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas, Washington and West Virginia.
About PowerSecure
PowerSecure, a Southern Company subsidiary, is a leading provider of innovative energy solutions to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides energy solutions in the following areas: distributed generation, energy storage and renewables, energy efficiency and utility infrastructure. The company is a pioneer in developing distributed power systems and the integration of distributed energy resources in a sophisticated microgrid. This includes the ability to forecast electricity demand and optimize the deployment of the systems, provides utilities with dedicated electric capacity to utilize for grid resiliency, provides customers with the most reliable power in the industry, and optimizes the value streams to the utility and its customers from the distributed energy resources. PowerSecure has installed and controls over 2-gigawatts of distributed generation systems across the U.S.
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SOURCE Southern Company
Article Date
12/17/2020Southern Power transfers more than 2,000 acres to the Open Space Institute for the preservation of endangered species habitat in Wayne County, Ga.
Source: PR Newswire
ATLANTA, Dec. 16, 2020 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Atlanta-based Southern Company, today announced it executed a discounted sale and transfer of 2,409 acres of critically endangered species habitat in southeast Georgia to the Open Space Institute.
This transaction, together with previous transfers of land by fellow Southern Company subsidiary Georgia Power, brings the total acres contributed for the conservation of protected species in Georgia to more than 10,000 acres.
The Wayne County Conservation Property includes critical habitat essential for the restoration of rare species, including Georgia's state reptile, the gopher tortoise, and one of the state's rarest plants, hairy rattleweed. Additionally, the land contains trailing milkvine, another endangered plant species.
"Southern Power is proud to engage in environmental stewardship and conservation projects that protect and enhance the environment, support our local communities and increase environmental awareness," said Southern Power Chairman Mark Lantrip. "This property will help protect wildlife in the areas in which we serve and operate, both today and in the years to come."
The property contains enough gopher tortoises, which is at least 250 adults to represent a viable population, to help the Gopher Tortoise Conservation Initiative move closer to its goal of 65 protected viable populations needed to preclude the need for federal listing. Georgia Power has committed to contributing to a total of six of those 65 populations, and with this contribution along with populations managed on company owned lands in Burke and Appling Counties, Georgia Power and Southern Company are responsible for helping add four populations to the overall total so far.
"The Open Space Institute is proud to have protected this amazing property for Georgia's state reptile, the gopher tortoise, and the incredible array of other species that call this land home," said Maria Whitehead, senior project director at the Open Space Institute. "I thank Southern Power for their incredible generosity in selling this property at a significantly discounted price to make the permanent protection of the land a reality."
"Congratulations to Southern Power and the Open Space Institute for conserving one of the most important tracts remaining for the federally endangered hairy rattleweed (Baptisia arachnifera)," said Jason Lee of the Georgia Department of Natural Resources. "The hairy rattleweed plant is endemic to and found only in Brantley and Wayne Counties, Georgia, and this will become one of three conserved populations. In addition, there is a viable population of the gopher tortoise, Georgia's imperiled state reptile, on the property. The permanent protection of the site will contribute significantly to the recovery goals for both species."
To learn more about Southern Power's environmental stewardship commitment, visit https://www.southernpowercompany.com/who-we-are/our-culture/our-responsibility/environmental-stewardship.html.
Southern Power's parent company, Southern Company, also has a long history of partnering with communities, conservation organizations and natural resource agencies to improve habitats. To learn more about Southern Company's commitment to stewardship, including an interactive project map, visit https://www.southerncompany.com/corporate-responsibility/environmental-stewardship.html.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 50 facilities operating or under development in 13 states with more than 11,920 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas, Washington and West Virginia.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About the Open Space Institute
The Open Space Institute protects scenic, natural and historic landscapes to provide public enjoyment, conserve habitat and working lands and sustain communities. Founded in 1974, OSI has been a partner in the protection of nearly 2.3 million acres in North America — including more than 100,000 acres in the Southeastern U.S.
In Georgia, OSI has partnered to protect more than 30,000 acres, including the conservation of what is now Ceylon Wildlife Management Area in Camden County.
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SOURCE Southern Power
Article Date
12/16/2020Georgia Power completes Condenser Vacuum Testing on Vogtle Unit 3
Source: PR Newswire
ATLANTA, Dec. 14, 2020 /PRNewswire/ -- Georgia Power today announced the completion of the pre-operational condenser vacuum test of the Vogtle Unit 3 turbine system. The milestone marks another step for the Vogtle 3 & 4 nuclear expansion project towards operations and providing customers with a clean, carbon-free energy source for the next 60 to 80 years.
The test was conducted with the main turbine on turning gear and by operating supporting systems to establish the condenser vacuum, which is necessary to demonstrate the steam supply and water-cooling systems operate together and are ready to support hot functional testing and initial fuel load in the reactor.
The condenser is part of the plant's turbine system, separate from the nuclear reactor, that liquifies steam to be reused after its passes through the high- and low-pressure turbines to power a generator and produce electricity. The condenser vacuum test required multiple systems, including circulating water, condensate, auxiliary steam and condenser air removal, to be operated in an integrated manner after having been successfully tested individually.
In preparation for this milestone, the turbine was previously tested and rotated on its turning gear to verify it was assembled with quality and as designed. The main turbine system consists of one high-pressure turbine and three low-pressure turbines.
Once operational, the turbine will rotate at 1,800 revolutions per minute, propelled by steam produced by the unit's two steam generators using heat transferred from the nuclear reactor. The turbine blades turn the generator rotor to produce electricity.
2020 Milestones Achieved
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Photos Highlight Progress
Follow the progress being made at the site of the nation's first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle units 3 and 4 and expected job creation and rate impacts as well as carbon emissions reduction goals. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
12/14/202012/11/2020 - Vogtle Unit 4 shield building roof set
Vogtle Unit 4 shield building roof set
Source: PR Newswire
ATLANTA, Dec. 11, 2020 /PRNewswire/ -- The two-million-pound roof of the Vogtle Unit 4 shield building has been set into place at Georgia Power's nuclear expansion project near Waynesboro, Georgia. With this placement, there is now one last major crane lift remaining for Vogtle Unit 4, the CB-20 module, which is part of the AP1000 reactor's advanced passive safety system.
The Vogtle Unit 4 shield building roof placement comes just days after the receipt of the first nuclear fuel shipment for Vogtle Unit 3, representing the first nuclear fuel shipment for the AP1000 reactor in the U.S.
With the receipt of the first nuclear fuel assemblies, the site is preparing for the last major test remaining for Unit 3, hot functional testing, ahead of initial fuel load. This series of tests is the last critical step before fuel load and ultimately in-service operation for Unit 3.
The Unit 4 shield building roof measures 135 feet in diameter, 37 feet tall and weighs more than two fully-loaded jumbo jets. This placement follows the setting of the Unit 4 containment vessel top from earlier this year. The shield building is a unique feature of the AP1000 reactor design for Vogtle 3 & 4, providing an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
2020 Milestones Achieved
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Photos Highlight Progress
Follow the progress being made at the site of the nation's first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle units 3 and 4, and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
12/11/2020Georgia Power receives first nuclear fuel shipment for Vogtle Unit 3
Source: PR Newswire
ATLANTA, Dec. 9, 2020 /PRNewswire/ -- Georgia Power has received the first nuclear fuel shipment for Vogtle Unit 3, representing the first nuclear fuel shipment for this newly-designed AP1000 reactor in the U.S. The milestone marks a major step for the Vogtle 3 & 4 nuclear expansion project towards operations and providing customers with a carbon-free energy source that is expected to put downward pressure on rates for decades to come.
"Since the start, the Vogtle expansion project has been an investment in our energy future. Today, as we receive our first nuclear fuel shipment, we remain committed to realizing the benefits this project will provide not only to our customers, but also our state and our country," said Paul Bowers, chairman and CEO of Georgia Power. "Achieving this historic milestone brings us closer to fuel load expected in April 2021, and, once online, these new nuclear units will provide clean, carbon-free energy for the next 60 to 80 years."
In order to receive nuclear fuel, construction of specific areas of Unit 3 had to be completed and inspected, ensuring critical infrastructure, such as the fuel vault and spent fuel pool, meet construction quality and design requirements. With site construction turning over the fuel handling area of Vogtle Unit 3 to operations, the Vogtle 3 & 4 site implemented specific and comprehensive policies, procedures and security measures to safely receive, handle and store the nuclear fuel.
With the receipt of the first nuclear fuel assemblies, the Vogtle 3 & 4 project remains focused on one of the last major milestones ahead for Unit 3, hot functional testing. This series of tests is the last critical step before fuel load and ultimately in-service operation.
Carbon-free energy source
The new Vogtle units are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers and play a significant role in supporting Southern Company's goal of net-zero carbon emissions by 2050.
Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
Nuclear fuel process
One nuclear fuel pellet, roughly the size of a pencil eraser, provides as much energy as one ton of coal or nearly 150 gallons of oil. The nuclear fuel pellets are enclosed in nuclear fuel rods, which are then part of nuclear fuel assemblies. Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will be loaded into the reactor vessel to support startup once the reactor begins operating. After the initial fueling, approximately one third of the total fuel assemblies will be replaced during each refueling outage after the units begin operating, similar to the process used at existing Vogtle Units 1 & 2.
Earlier this year, the Vogtle 3 & 4 project team successfully completed the pre-startup review process conducted by the World Association of Nuclear Operators (WANO), which assessed the Vogtle 3 & 4 nuclear expansion project's readiness to operate the new AP1000 reactors with safety and quality as the primary focus.
2020 Milestones Achieved
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Photos Highlight Progress
Follow the progress being made at the site of the nation's first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle units 3 and 4, including expected timing of fuel load, expected job creation and rate impacts, and carbon emissions reduction goals. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
12/9/2020Georgia Power presents 5th Annual A Citizen Wherever We Serve Community Impact Award
Source: PR Newswire
ATLANTA, Dec. 9, 2020 /PRNewswire/ -- Georgia Power has announced Christina Newton as the recipient of the 5th annual A Citizen Wherever We Serve Community Impact Award. Newton is an executive assistant in Georgia Power's External Affairs organization.
The company created the award to spotlight the top employees who uphold the aims of being "A Citizen Wherever We Serve." Lynn Lovett, area manager in Tifton, Georgia, and Tina Stevens, key account analyst, were this year's other two finalists.
"For more than 130 years our employees have enriched the neighborhoods and communities around them – not just today, but every day we strive to make lasting impacts throughout Georgia," said Chris Womack, president of Georgia Power. "I am proud of the unwavering commitment of Christina, Lynn and Tina. They, along with all of our employees, embody our commitment of being a citizen wherever we serve."
Newton has been with Georgia Power for more than 21 years in several locations across the state. Across those years, she has devoted her time and resources to make a positive, meaningful impact in two Georgia communities – Augusta and Atlanta. From the Augusta Relay for Life fundraiser to the Salvation Army's Angel Tree program to the canned food drive for MUST Ministries to the Backpack Blitz for the children of the Atlanta Mission, she has assisted with – or chaired – almost every volunteer project in the East Georgia and Metro Atlanta Regions. Coworkers recommending her for the award note that people across the state of Georgia have benefitted from her unselfish devotion to service.
The Community Impact Award was created in recognition of the company's longtime motto, "A Citizen Wherever We Serve," coined nearly 100 years ago. Employees were nominated by their colleagues for the award, with finalists selected by a panel and winners chosen by employee voting. As part of the award, Newton will receive a $5,000 donation to a nonprofit of her choice. Lovett and Stevens will each receive a $1,500 donation to a nonprofit of their choice.
Georgia Power has been dedicated to giving back to Georgia communities. Last year alone, more than 3,000 Georgia Power employees and retirees donated their time to help their neighbors and improve the quality of life in their communities by completing more than 62,053 volunteer hours.
To learn more about Georgia Power's commitment to communities across the state, visit www.GeorgiaPower.com/Community. To keep up with Georgia Power's active volunteer and giving efforts every day, follow the company on Twitter @GeorgiaPower and #GaPowerfulService and #WeHelpBecauseItsHome
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/9/202012/8/2020 - Georgia Power Foundation invests $500,000 in support of Atlanta BeltLine communities' longstanding residents
Georgia Power Foundation invests $500,000 in support of Atlanta BeltLine communities' longstanding residents
Source: PR Newswire
ATLANTA, Dec. 8, 2020 /PRNewswire/ -- The Georgia Power Foundation has announced a $500,000 donation over the next three years to support the Atlanta BeltLine Partnership's (ABP) Legacy Resident Retention Program. The donation will help seniors and working families, who are longstanding residents in these historic neighborhoods, afford to stay in their homes and continue to access the Atlanta BeltLine, which also helps revitalize the area for the city.
As the Atlanta BeltLine has become one of the city's best and most proven tools for economic development, its increased demand has led to an increase in property values. Through the Legacy Resident Retention Program, the ABP ensures that longstanding current residents are able to stay in their communities through grants that will help pay for the increases in a homeowner's existing property tax bill.
"Georgia Power is proud to support Atlanta BeltLine Partnership's efforts to ensure that the revitalization and vibrancy of the city is attainable to all longstanding residents," said Bentina Terry, senior vice president of Metro Atlanta & Corporate Relations at Georgia Power and Atlanta BeltLine Partnership chair-elect. "For more than 135 years, our focus has been to support our communities where we live and work, and ultimately make them stronger and better places. The seniors and working families in these neighborhoods are the cornerstone of this city and we are honored to be part of their story."
Through the Legacy Resident Retention Program, ABP and its partners will provide financial assistance to cover ten years of property tax increases for qualifying homeowners in communities on the south and west sides of the city. More than 2,500 households are estimated to participate in the program, presenting a significant opportunity to help keep residents in their communities.
"With mounting concerns of revitalization driving up home appraisals, property appreciation, and higher property taxes, the Georgia Power Foundation is supporting the future stability of seniors and working families," said Rob Brawner, executive director of the Atlanta BeltLine Partnership. "Their gracious contribution is vital for ensuring people continue to live, work, and thrive in Atlanta BeltLine communities."
To learn more about Georgia Power's commitment to the community, including the company's annual citizenship report, visit GeorgiaPower.com/Community.
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the fifth-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's philanthropic focus to empower Education, Environmental Stewardship and Communities.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/8/2020Georgia Power and the Atlanta Business Chronicle present the third annual scholarship for outstanding film student
Source: PR Newswire
ATLANTA, Dec. 7, 2020 /PRNewswire/ -- Georgia Power and the Atlanta Business Chronicle announced the third annual Business of Film Rising Star Student Scholarship this week. The $5,000 scholarship, presented recently during the 2020 Business of Film event, held virtually, will help a Georgia student pursuing a degree in film-related studies further his or her education.
The 2020 scholarship recipient is Mia D'Zerrea Taylor, a senior at Oglethorpe University majoring in Theatre and minoring in Studio Art.
"Georgia Power is proud to partner with the Atlanta Business Chronicle to award D'Zerrea Taylor as the 2020 Georgia Power Rising Star Student Scholarship recipient," the company stated in announcing the award. "This scholarship recognizes one college upperclassmen student in good standing pursuing a degree in film-related studies and is to be used to further his or her education and prepare for a career in the film industry. At Georgia Power, we know that as the film industry grows in our state, so does the need for a diverse and experienced workforce to support it. That's why we continue to partner with the Atlanta Business Chronicle on this scholarship – so we can help a deserving student right here in Georgia prepare for a successful career in film."
From major motion pictures, to indie films and television series, Georgia Power uses its properties, business partnerships, power grids, and other assets to make Georgia a one-stop shop for filmmakers. As one of the largest property owners in the state, Georgia Power provides access to industrial properties, lakes, generating facilities and parks as well as assists with lighting and power needs.
2020 Scholarship Recipient
Mia D'Zerrea Taylor is a senior at Oglethorpe University majoring in Theatre and minoring in Studio Art. She is a natural storyteller and chose Theatre for her love of storytelling through directing, producing, and casting. The process of storytelling with a community of passionate artists is what drives her and she soaks up every opportunity to become a better student of the industry.
After graduation, she plans to attend graduate school to pursue Film production and dive into the robust film industry in Atlanta, the place she has called home since high school. Like many, D'Zerrea Taylor has been impacted by the pandemic and has been forced to find creative solutions with live theatre not being a safe option. She is continuing to grow comfortable with the crossover between theatre and film.
About the Event
The Atlanta Business Chronicle's Business of Film event began in 2016 as a venue to discuss the future of film in Georgia. Each year hundreds of current and aspiring members of the film industry attend the event. This year, more than 800 attendees joined virtually to hear from Georgia film industry insiders on why it is so important to keep Georgia film dollars in Georgia, take in a panel on innovative education programs that are training and retaining talent, and discuss what next steps are needed to ensure the film industry is a sustainable economic driver for the state in the future.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/7/202012/2/2020 - Georgia Power names Dan Tucker executive vice president, chief financial officer and treasurer
Georgia Power names Dan Tucker executive vice president, chief financial officer and treasurer
Source: PR Newswire
ATLANTA, Dec. 2, 2020 /PRNewswire/ -- Georgia Power's Board of Directors has elected Dan Tucker as executive vice president, chief financial officer and treasurer for Georgia Power, effective January 1, 2021. In his new role, Tucker will be responsible for overseeing the company's accounting and financial functions.
He currently serves as executive vice president and chief financial officer at Southern Company Gas where he oversees finance, accounting, business planning and risk management functions for all Southern Company Gas businesses.
"Dan brings more than 20 years of experience within Southern Company to Georgia Power," said Chris Womack, president of Georgia Power. "His extensive knowledge of the energy sector and financial services will bring an important perspective to our leadership team as we continue working to provide clean, safe, reliable and affordable energy for our state now and in the future. As a company, we believe providing opportunities to further strengthen our financial leadership across the system is important to delivering continued value for our customers."
David Poroch, currently executive vice president, chief financial officer and treasurer for Georgia Power, will transition into the role of executive vice president and chief financial officer for Southern Company Gas, where he will bring his regulatory accounting experience in the electric utility sector to Southern Company's gas business.
Tucker began his career with Southern Company in 1998 in financial reporting. He moved to Southern Company's finance organization in 2000 as a team leader in financial planning and was later named manager and, subsequently, vice president of financial planning and investor relations. Before assuming his current role with Southern Company Gas, he served as senior vice president and treasurer for Southern Company with responsibility for treasury, investor relations, financial planning, enterprise risk management and insurance. In this role, Tucker worked to ensure alignment between the development of the company's financial plan and its communications strategy with both equity and fixed income investors. Additionally, he provided oversight to the management of one of the largest U.S. investment grade debt portfolios.
He earned a bachelor's degree from Kennesaw State University with a double major in accounting and finance.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/2/202012/2/2020 - Southern Company Gas Names David Poroch Executive Vice President and Chief Financial Officer
Southern Company Gas Names David Poroch Executive Vice President and Chief Financial Officer
Source: PR Newswire
ATLANTA, Dec. 2, 2020 /PRNewswire/ -- Southern Company Gas has named David Poroch executive vice president and chief financial officer. Poroch secedes Dan Tucker, who will take on the role of executive vice president, CFO and treasurer at Southern Company Gas's sister business, Georgia Power. The change will be effective Jan. 1, 2021.
"During his time at Southern Company Gas, Dan Tucker's strategic counsel has yielded significant returns for our business, investors and communities. I am grateful for his contributions and wish him well in his new role," said Kim Greene, Southern Company Gas chairman, president and CEO. "I am also pleased to welcome David Poroch to our leadership team. His decades of experience within both the energy and the financial services sectors will be invaluable as we work to position our business for growth and innovation and continue delivering on our commitment to providing our customers clean, safe, reliable and affordable energy."
Poroch will oversee the finance, accounting, business planning and risk management functions for all Southern Company Gas's distribution, wholesale and retail businesses.
Poroch began his career with Southern Company in 2012 as vice president and chief audit executive for Southern Company Services. In 2014, he assumed new responsibilities at Southern Company's subsidiary Georgia Power, where he served as the business's vice president and comptroller. Most recently, he served Georgia Power as its executive vice president, CFO and treasurer, with responsibilities overseeing the company's accounting and financial reporting, financial planning and analysis, budgeting and treasury. Before joining the Southern Company enterprise, he was a partner with Deloitte & Touche LLP, where he gained nearly two decades of experience in the utilities sector.
Poroch earned his bachelor's degree in business administration from Northwood University in Midland, Michigan. A certified public accountant, he is a member of the American Institute of Certified Public Accountants and is licensed in Georgia, Michigan and Florida. Poroch also serves on the boards of the Atlanta Botanical Gardens, Georgia Council on Economic Education and the Humane Society of Northeast Georgia.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
12/2/2020Georgia Power storm crews wrap up historic hurricane season
Source: PR Newswire
ATLANTA, Dec. 1, 2020 /PRNewswire/ -- With the official close of the 2020 Atlantic hurricane season, Georgia Power crews responded to more than 26 severe weather events that impacted Georgia, in a record-breaking hurricane season. The 2020 season ended with Iota, the 30th named storm of the 6-month season. This is only the second time National Hurricane Center forecasters have had to use the Greek alphabet for names, with the last time being 2005.
Five weeks ago, Hurricane Zeta caused significant damage to Georgia Power's distribution system leading to over 5,700 cases of damage and impacting over 822,000 customers. Zeta's impacts were severe and were exacerbated when a strong cold front with gusty winds quickly followed behind the storm, less than 12 hours later. More than 4,000 Georgia Power personnel, with assistance from out-of-state utilities, were mobilized as part of the company's restoration effort.
"We prepare every year for the Atlantic hurricane season knowing it will be nothing like the year before, but to say the 2020 season was unique would be an understatement. We responded to 26 storm events, a record number of storms, including Hurricane Zeta," said Georgia Power's Storm Center Director David Maske. "Through a mutual assistance network we know that we can assist others and they will be there in return if we need them. Our teams saw firsthand the impact of multiple storms as employees assisted other utilities across the country. We appreciate all that they've done this storm season, as well as the assistance from other states and the patience of our customers as we worked to restore power as quickly and safely as possible."
Just this year, Georgia Power crews responded to more than 22,650 outage events and replaced or repaired 8,500 spans of wire equal to nearly 400 miles of power lines.
Mutual Assistance Network
Georgia Power has responded to eight out-of-state restoration requests this year. The company is able to provide assistance to other utilities through a mutual assistance network, which consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to tap into this mutual assistance network if additional resources are needed to help restore power to Georgia Power customers following a major storm.
As the 2020 hurricane season ends and winter weather season begins, Georgia Power encourages customers to keep safety first, no matter the storm season with the following tips:
Storm Response Pandemic Preparations
Georgia Power teams are prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/1/2020Skookumchuck Wind Facility in Washington is Operational
Source: PR Newswire
ATLANTA, Dec. 1, 2020 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 136-megawatt (MW) Skookumchuck Wind Facility in Lewis and Thurston Counties, Washington, is now operational.
This project, Southern Power's 12th wind facility, is Southern Power's first wind facility in the state and contributes to the company's growing renewable fleet of clean generating assets from California to Maine.
"Skookumchuck Wind Facility is our first wind project in the state of Washington, and we are pleased to see this project achieve commercial operation," said Southern Power President Bill Grantham. "The addition of this facility showcases our commitment to the development of wind energy and is an excellent addition to our growing renewable fleet."
Skookumchuck Wind Facility consists of 38 wind turbines manufactured by Vestas. The electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement with Puget Sound Energy, which will utilize the resource to meet the electricity demand of their Green Direct program customers. Southern Power is the majority owner, and TransAlta Corporation holds a minority ownership position.
Southern Power acquired Skookumchuck Wind Facility in October 2019. Renewable Energy Systems served as the developer and constructor of the site, which created more than 380 jobs at peak construction.
Southern Power's wind portfolio consists of more than 2,115-MW of wind generation. Southern Power's wind facilities are a part of the company's 4,510-MW renewable fleet, which consists of 41 wind and solar facilities operating or under construction.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 50 facilities operating or under development in 13 states with more than 11,920 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas, Washington and West Virginia.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Power
Article Date
12/1/2020Georgia Power, Southern Company Foundation award more than $1.6 million in support of Georgia's Historically Black Colleges and Universities for critical technology needs
Source: PR Newswire
ATLANTA, Nov. 20, 2020 /PRNewswire/ -- Georgia Power and its parent, Southern Company, are supporting Georgia's Historically Black Colleges and Universities (HBCUs) with $1.625 million in funding through the Southern Company Foundation. The grants will be used for technology tools, infrastructure, professional development and tech support for the 2020-2021 academic year. The gift is part of Southern Company and its subsidiaries' $50 million HBCU Initiative, a multi-year funding strategy announced in January 2020 that provides HBCU students with scholarships, internships, leadership development and access to technology and innovation to support career readiness.
In Georgia, the six HBCUs receiving support are: Albany State University, Clark Atlanta University, Fort Valley State University, Morehouse College, Savannah State University and Spelman College.
"Georgia Power has been a longtime partner of HBCUs in our state, and I am proud we can build on our support of these important institutions through these grants," said Chris Womack, president of Georgia Power. "Not only are these schools innovating for the future, they are also helping lead racial equity efforts across Georgia. Every dollar we are able to invest in them is an investment in future leaders for our state and our communities."
The latest round of grants totals $5.1 million, including the $1.625 million contribution in Georgia, and will be awarded to help alleviate challenges created by the pandemic through funding technology tools, infrastructure support, professional development and IT services to select undergraduate HBCUs within Southern Company's service footprint in Alabama, Georgia, Mississippi, Tennessee and Virginia.
While Georgia Power is a part of a growing group of corporate and philanthropic organizations who have increased support for HBCUs in the wake of the pandemic and mounting calls for racial equity and social justice, the company has been long recognized for its support of these institutions and its overall commitment to helping all communities in Georgia thrive.
Last year, the company was honored by the Morehouse School of Medicine (MSM) with the 2019 Louis C. Brown MD Vanguard Award for the company's leadership in improving health and wellbeing in Georgia. The company has been a supporter of MSM since 1985. During the 35-year partnership, Georgia Power and MSM have worked together to help provide science, technology, engineering and mathematics education to nearly 5,000 students through K-12 programs, the MSM Undergraduate Health Sciences Academy and other pipeline programs.
Georgia Power also has an active recruiting strategy with HBCUs for internships, cooperative education programs and full-time positions.
As part of the $50 million initiative, this allocation will be awarded to qualifying institutions in grants up to $500,000. Additional grant opportunities in support of other needs at qualifying HBCUs will be available in the future.
Georgia Power, Southern Company and its subsidiaries are committed to the success of HBCUs and fostering greater diversity and inclusion across the communities they serve. For more information, please visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/20/2020Georgia Power ranked #1 in Segment by J.D. Power for Business Customer Satisfaction
Source: PR Newswire
ATLANTA, Nov. 18, 2020 /PRNewswire/ -- For the third year in a row, Georgia Power has been ranked number one for business customer satisfaction among Large Utilities in the South by J.D. Power in its 2020 Electric Utility Business Customer Satisfaction StudySM. Georgia Power achieved the highest score in its segment this year based on price and communications.
"Companies all across Georgia count on us every day to continue providing the world class customer service and affordable energy they need to run and grow their businesses," said Kevin Kastner, vice president of customer service for Georgia Power. "We take that responsibility seriously, and receiving this recognition by J.D. Power for a third year in a row is truly an acknowledgment of our team's total commitment to serving our customers. While this year has presented us with unique challenges, we remain focused on delivering superior customer service, maintaining rates below the national average and offering innovative energy solutions to meet our state's changing needs."
Georgia Power was ranked among other utilities in the South that serve more than 85,000 business customers. The J.D. Power study, now in its 22nd year, is based on responses from more than 18,457 online interviews with business customers who spend at least $200 a month on electricity. The study was conducted from February through June 2020 and July through October 2020. Click here to read about this year's study.
Georgia Power's focus on providing excellent customer service includes online and social media customer service choices; customizable rate plans and payment options. The company also makes it easy for customers to find ways to save money and energy at GeorgiaPower.com/Save and shop for the latest energy-saving products on Georgia Power Marketplace. To learn more, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/18/2020Georgia Natural Gas Opens 10th Annual TrueBlue Community Awards Call for Entries
Source: PR Newswire
ATLANTA, Nov. 18, 2020 /PRNewswire/ -- Georgia Natural Gas (GNG), Georgia's leading natural gas provider, announces the call for entries for the 10th Annual TrueBlue Community Awards. This year, the awards will recognize hardworking Georgia nonprofits for their service providing COVID-19 relief to the community with $25,000 in grants to sustain their work.
"GNG recognizes the incredible amount of effort that area nonprofits have been putting in to continue to serve their constituencies during what has been an unexpected year," said Mike Braswell, president and CEO of Georgia Natural Gas. "Our goal with the TrueBlue Community Awards is to not only thank them for their dedication, but to also provide them with resources to help fuel their important work forward."
GNG created the TrueBlue Community Awards in 2011 to recognize nonprofit organizations in Georgia and the difference they are making in their local communities. This year, with an overall focus on pandemic relief, the awards will provide grants to a total of six nonprofits dedicated to four categories: children and education, seniors, energy assistance and the environment. Grants will be awarded in $10,000, $5,000 and $2,500 increments.
"Over the past nine years, the TrueBlue Community Awards donated nearly $500,000 to Georgia's nonprofits, and we are so proud of what our community partners have accomplished with these resources," said Moe Baker, community relations manager at Georgia National Gas.
Nonprofit 501(c)(3) organizations in the communities served by GNG are eligible to apply for a grant now through November 30, 2020. An independent panel of judges will review applications and select award recipients. To learn more about the Georgia Natural Gas TrueBlue Awards and apply, please visit https://gng.com/trueblue-advantage/gng-community.
This investment is part of GNG's parent company, Southern Company Gas, and its entire family of businesses' commitment to COVID-19 relief efforts in communities across their footprint. Combined, Southern Company Gas and its local energy companies have contributed more than $2.5 million to pandemic-related initiatives.
About Georgia Natural Gas
Georgia Natural Gas is part of SouthStar Energy Services. SouthStar is owned by Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). SouthStar also operates as Ohio Natural Gas, Florida Natural Gas, Maryland Energy, Pennsylvania Energy, Grand Rapids Energy (in Michigan), Virginia Retail Energy and in other parts of the Southeast as SouthStar Energy Services. SouthStar's subsidiaries in Illinois operate as Illinois Energy and Illinois Energy Solutions.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Georgia Natural Gas
Article Date
11/18/2020Georgia Power continues to make progress on ash pond closure at Plant Hammond with dewatering process scheduled to begin in December
Source: PR Newswire
ATLANTA, Nov. 17, 2020 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of four ash ponds at Plant Hammond with the dewatering process scheduled to begin in December. Dewatering marks a significant step towards completing the closure process, and Georgia Power's ash pond closure plan for Plant Hammond is specifically designed for the site to help ensure water quality is protected every step of the way.
Three ash ponds at Plant Hammond will be completely excavated, with the ash stored in a permitted, lined landfill and one ash pond will be closed in place using proven engineering methods and closure technologies. Ash pond closures are site-specific and consider multiple factors, such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers.
"As we begin the dewatering process at Plant Hammond, we are pleased with the progress we have made on our ash pond closures at all of our plants across the state," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We continue to focus on safety and meeting all requirements throughout the process to fulfill our longstanding commitment to protect the environment, our local communities and water quality every step of the way. Throughout the process, clear communication to our customers and the community about our progress remains a priority."
The ash pond dewatering plan for Plant Hammond has been approved by the Georgia Environmental Protection Division (EPD) and describes the water treatment system, controls and monitoring that will be used during the process to help ensure that the water discharged is protective of water quality standards. The planned on-site closure methods are being permitted and regulated by the EPD.
Communication regarding the closure plan is provided through EPD permitting notifications as well as posting on Georgia Power's website. To read more about Plant Hammond's ash pond closure and dewatering process, click here.
Georgia Power first announced plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. Georgia Power's ash pond closure plans fully comply with the federal Coal Combustion Residuals (CCR) rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the EPD will approve all actions to help ensure ash pond closures are protective of water quality.
Protecting Water Quality
Since 2016, Georgia Power has installed more than 550 groundwater monitoring wells around its ash ponds and on-site landfills to actively monitor groundwater quality to help ensure the company is being protective of lakes, rivers and drinking water. In 2020 alone, there have been 1,292 groundwater samples collected and 54 groundwater reports completed.
Third-party professional engineers and geologists direct the appropriate placement of monitoring wells for Georgia Power based on site-specific geology. Independent, third-party professionals perform sampling, with analysis by accredited, independent laboratories.
Monitoring is being conducted in compliance with federal and state laws and regulations. The first round of testing was completed with results published in August 2016, more than 18 months ahead of federal requirements, and the company continues to post testing results on Georgia Power's website and report them to the EPD.
Dewatering Process
The dewatering process marks a significant step towards completing the ash pond closure process and is now underway at six sites: Plants Bowen, McDonough, McManus, McIntosh, Branch and Yates, with plans approved by the EPD for Plant Mitchell. Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to help ensure that it meets the requirements of the plant's wastewater discharge permits approved by the EPD and is protective of applicable water quality standards.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning ash pond closure and ash removal plans and schedules. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Georgia Power's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax, environmental, and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to CCR; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities or other projects; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting procurements issued periodically by standard-setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
11/17/202011/17/2020 - Mississippi Power, Southern Company announce smart neighborhood collaboration in Lauderdale County
Mississippi Power, Southern Company announce smart neighborhood collaboration in Lauderdale County
Source: PR Newswire
GULFPORT, Miss., Nov. 17, 2020 /PRNewswire/ -- Mississippi Power and Southern Company announced this morning a partnership to build the first smart neighborhood in the world exclusively featuring the Tesla Solar Roof in Lauderdale County.
Enzor Place homes will also feature Powerwall batteries, energy efficient equipment and appliances, and smart home automation.
"Mississippi Power uses the most advanced technologies to offer creative energy solutions that make our customers' lives easier every day," Mississippi Power President and CEO Anthony Wilson said. "This smart neighborhood is designed to simplify homeowners' lives and give them more control over their home and energy use."
Earlier this summer, Mississippi Power and Tesla installed the first Solar Roof in the state on a Habitat for Humanity home in Hattiesburg. The roof was installed by Cross Roofing, a Certified Tesla Installer, in less than three days. Mississippi Power is using the data collected at this residence to research how the Tesla Solar Roof performs in southeast Mississippi.
"Mississippi Power employees have volunteered on numerous Habitat for Humanity home builds across our service territory over the years," Mississippi Power Vice President of Customer Service and Operations Fran Forehand said. "This was a natural partnership with Habitat that provides the added benefit of studying how an innovative technology can best serve our customers."
Enzor Place will have approximately 45 homes in Phase I, with 100-150 planned for the full development. Construction is scheduled to begin in early 2021.
Now in its 95th year of operations, Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and affordable energy for more than 188,000 customers in 23 southeast Mississippi counties. With nearly 160 megawatts of approved solar energy capacity, Mississippi Power is the largest partner in providing renewable energy in the state of Mississippi. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, Instagram, LinkedIn, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward–looking information based on current expectations and plans that involve risks and uncertainties. Forward–looking information includes, among other things, the timing of construction projects. Mississippi Power cautions that there are certain factors that can cause actual results to differ materially from the forward–looking information that has been provided. The reader is cautioned not to put undue reliance on this forward–looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Mississippi Power's Annual Report on Form 10–K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward–looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the potential effects of the continued COVID-19 pandemic; the ability to control costs and avoid cost and schedule overruns; performance of counterparties; and catastrophic events. Mississippi Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Southern Company; Mississippi Power
Article Date
11/17/202011/16/2020 - Georgia Power provides ways for customers to protect themselves during National Utility Scam Awareness Week
Georgia Power provides ways for customers to protect themselves during National Utility Scam Awareness Week
Source: PR Newswire
ATLANTA, Nov. 16, 2020 /PRNewswire/ -- National Utility Scam Awareness Week is November 16 – 20, and Georgia Power is joining other electrical, water and natural gas utilities across the country to share simple tips to help customers avoid common scams.
Georgia Power urges customers to be cautious when contacted by an unverified person claiming to be a Georgia Power representative. The company will never ask a customer to provide a credit card or pre-paid debit card number over the phone. Additionally, the company will never send employees into the field to collect payment in person or ask a customer to pay anywhere other than an Authorized Payment Location (APL).
Georgia Power also provides the following guidance to customers:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees to defraud customers. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scams.
To learn more about how you can defend yourself against scammers and avoid falling victim to common mistakes, watch the company's public service announcements (PSA) on the company's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/16/202011/11/2020 - Southern Company Awards Grants to Historically Black Colleges and Universities for Technology
Southern Company Awards Grants to Historically Black Colleges and Universities for Technology
Source: PR Newswire
ATLANTA, Nov. 11, 2020 /PRNewswire/ -- Southern Company announced today it is awarding grants to support technology for 21 historically black colleges and universities across several states, through its charitable foundation.
This commitment is part of Southern Company's overall $50 million HBCU initiative, announced in January 2020, to provide students attending these institutions with scholarships, internships, leadership development and access to technology and innovation to support career readiness. This round of grants will help address challenges created by the pandemic by funding technology tools, infrastructure support, professional development and IT services to select undergraduate HBCUs within the Southern Company system's service footprint in Alabama, Georgia, Mississippi, Tennessee and Virginia.
"We are thrilled to partner with some of the country's leading institutions of higher learning as we invest in the next generation of technology leaders," said Thomas A. Fanning, chairman, president and CEO, Southern Company. "After speaking with many institutions across our footprint, we heard the call loud and clear: new and better technology is needed to deliver quality education to students, now and in years to come. The goal is to provide resources that will stimulate the kind of critical thinking that will allow students to embrace ideas that will drive the change required for success today and into the future. We look forward to seeing what students from these universities will achieve through the grants we are providing."
Southern Company is honored to be part of a growing group of corporate and philanthropic partners who have increased support for HBCUs in the wake of the pandemic and mounting calls for racial justice. The company seeks to increase the spotlight on these institutions beyond the current moment, underscoring the importance of HBCUs in higher education and in American life. Since Southern Company's HBCU initiative was launched earlier this year, the company has provided more than $6 million to schools across its service territory.
"We are proud to be among those who are investing in HBCUs. These institutions are at the forefront of critical work around equity and innovation in America, helping us tackle some of our most complex challenges. I am excited to announce this round of grants and look forward to upcoming grant announcements that will be open to these important institutions," said Chris Womack, who recently became the president of Georgia Power, as of Nov. 1.
As part of the $50 million initiative, this round of allocations will be awarded by the Southern Company Foundation to qualifying institutions in grants up to $500,000. Southern Company intends to open additional grant applications in support of other needs at qualifying HBCUs in the near future. The energy company will collaborate with academic leaders from across its footprint to identify areas of need and channel resources into the programs that will create the most impact.
This opportunity follows the $1 million gift from Southern Company Gas and the Southern Company Gas Charitable Foundation to Morehouse School of Medicine to support the university's academic expansion and efforts to provide greater equity in health care. The funding enables the medical school to strengthen its educational offerings and research enterprise, including its budding Natural Products Research Center and the development of an Emerging Pathogens Research Team focused on topics such as coronaviruses.
Southern Company and its subsidiaries are committed to the success of HBCUs. For more information about the technology grants, please contact Anthony Oni, Southern Company Gas vice president of corporate communications, at Hbcu@southernco.com.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
11/11/202011/2/2020 - 1 p.m. Update: Power restored to 99% of Georgia Power customers impacted by Hurricane Zeta
1 p.m. Update: Power restored to 99% of Georgia Power customers impacted by Hurricane Zeta
Source: PR Newswire
ATLANTA, Nov. 2, 2020 /PRNewswire/ -- Georgia Power has restored power to 99% of customers, more than 806,000, impacted by Hurricane Zeta. More than 4,000 Georgia Power personnel, with assistance from out-of-state utilities, were mobilized as part of the company's restoration effort. While work is nearly complete, all personnel in the field remain focused on reconnecting the approximately 1,000 customers who remain without power and are able to receive electric service.
"The damage from Hurricane Zeta was widespread across Georgia and throughout the Southeastern United States. We had more than 4,000 people working around the clock to restore service for our customers as safely and quickly as possible, and I'm extremely proud of their work and dedication," said Chris Womack, president of Georgia Power. "I want to thank our customers who were impacted by this storm for their patience during restoration. I also want to personally thank the other utilities, public safety and governmental partners who worked together to help in the response to Hurricane Zeta."
Damage from Hurricane Zeta was widespread and covered the northern half of the state and was similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams experienced challenges including downed trees and roads blocked that had to be cleared to enter certain areas.
Damage from Hurricane Zeta included:
Update – As of 1 p.m. Monday
Customers in some of the hardest hit areas may not be able reconnect to Georgia Power service due to extensive damage. Georgia Power reminds customers that the electrical service entry point on their home or business, including the meter box and other components, must be repaired before Georgia Power can reconnect service. The company cannot, by law, connect power to a damaged meter box, or other non-Georgia Power components, and property owners should contact a qualified electrician to make repairs in order for the company to reconnect service.
As restoration efforts near completion, the company encourages customers to keep safety first following Hurricane Zeta and any storm by following these safety tips:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/2/202011/1/2020 - 5:30 p.m. Update: Power restored to more than 97% of Georgia Power customers impacted by Hurricane Zeta
5:30 p.m. Update: Power restored to more than 97% of Georgia Power customers impacted by Hurricane Zeta
Source: PR Newswire
ATLANTA, Nov. 1, 2020 /PRNewswire/ -- As of 5:30 p.m. today, Georgia Power has restored power to more than 97% of customers, approximately 798,000, impacted by Hurricane Zeta. In addition to Georgia Power crews, the company has contractor personnel from out-of-state utilities working with company teams around the clock to restore power to the remaining impacted customers who are able to receive electric service.
Together, the company has more than 4,000 personnel working as safely and quickly as possible to restore power to the approximately 10,000 customers who are without power as of 5:30 p.m. Sunday. The company has secured personnel resources from utilities in 14 states to support the restoration efforts.
Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams have been experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
Damage assessed from Hurricane Zeta:
Update – As of 5:30 p.m. Sunday
As restoration efforts continue, the company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/1/202011/1/2020 - 9:30 a.m. Update: Power restored to more than 95% of Georgia Power customers impacted by Hurricane Zeta
9:30 a.m. Update: Power restored to more than 95% of Georgia Power customers impacted by Hurricane Zeta
Source: PR Newswire
ATLANTA, Nov. 1, 2020 /PRNewswire/ -- As of last night, Georgia Power has restored power to more than 95% of customers, approximately 785,000, impacted by Hurricane Zeta. In addition to Georgia Power crews, the company has contractor personnel from out-of-state utilities working with company teams around the clock to restore power to the remaining impacted customers who are able to receive electric service.
Together, the company has more than 4,000 personnel working as safely and quickly as possible to restore power to the approximately 25,000 customers who are without power as of 9:30 a.m. Sunday. The company has secured personnel resources from utilities in 14 states to support the restoration efforts.
Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
Damage assessed from Hurricane Zeta:
Update – As of 9:30 a.m. Sunday
As restoration efforts continue, the company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/1/202010/31/2020 - 6 p.m. Update: Georgia Power working to restore remaining 55,000 customers after Hurricane Zeta
6 p.m. Update: Georgia Power working to restore remaining 55,000 customers after Hurricane Zeta
Source: PR Newswire
ATLANTA, Oct. 31, 2020 /PRNewswire/ -- Georgia Power continues restoration efforts and has already restored electric service to more than 750,000 customers following Hurricane Zeta. In addition to Georgia Power crews, the company has contractor personnel from out-of-state utilities working with company teams around the clock to restore power.
Together, the company has more than 4,000 personnel working as safely and quickly as possible to restore power to the approximately 55,000 customers who are without power as of 6 p.m. Saturday. The company has secured personnel resources from utilities in 14 states to support the restoration efforts.
"We know being without power is difficult and are working to restore power as safely and quickly as possible. We appreciate our customers' patience and thank the additional personnel from 14 states who are here with us helping get the lights back on," said David Maske, Georgia Power Storm Center manager.
Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
Damage assessed from Hurricane Zeta:
Update – As of 6 p.m. Saturday
The company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/31/202010/31/2020 - 1 p.m. Update: Georgia Power working to restore remaining 68,000 customers after Hurricane Zeta
1 p.m. Update: Georgia Power working to restore remaining 68,000 customers after Hurricane Zeta
Source: PR Newswire
ATLANTA, Oct. 31, 2020 /PRNewswire/ -- Georgia Power continues restoration efforts and has already restored electric service to more than 700,000 customers following Hurricane Zeta. As of 1 p.m. Saturday, approximately 68,000 customers are without power across Georgia. The company is working as safely and quickly as possible to restore power to customers.
Based on the impact of Hurricane Zeta across the Southeast and other storm activity in the country, the availability of additional resources from other utilities to assist with restoration efforts in Georgia is limited. The company will continue updating regional restoration estimates as often as possible and as additional resources from other utilities are secured. Currently, the company has secured resources from 14 states to support restoration efforts.
Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
Damage assessed from Hurricane Zeta:
All of Georgia Power's teams are in the field today working to restore power.
Update – As of 1 p.m. Saturday
The company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/31/202010/31/2020 - 9 a.m. Update: Georgia Power working to restore remaining 78,000 customers after Hurricane Zeta
9 a.m. Update: Georgia Power working to restore remaining 78,000 customers after Hurricane Zeta
Source: PR Newswire
ATLANTA, Oct. 31, 2020 /PRNewswire/ -- Georgia Power continues restoration efforts and has already restored electric service to more than 700,000 customers following Hurricane Zeta. As of 9 a.m. Saturday, approximately 78,000 customers are without power across Georgia. The company is working as safely and quickly as possible to restore power to customers.
Based on the impact of Hurricane Zeta across the Southeast and other storm activity in the country, the availability of additional resources from other utilities to assist with restoration efforts in Georgia is limited. The company will continue updating regional restoration estimates as often as possible and as additional resources from other utilities are secured. Currently, the company has secured resources from 14 states to support restoration efforts.
Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
The company will continue updating estimated restoration times as they become available.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
In the field, the power restoration process includes these key steps:
Damage Update – As of 9 a.m. Saturday
The company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/31/202010/31/2020 - 7 p.m. Update: Power restored to nearly 741,000 Georgia Power customers after Hurricane Zeta's path through Georgia
7 p.m. Update: Power restored to nearly 741,000 Georgia Power customers after Hurricane Zeta's path through Georgia
Source: PR Newswire
ATLANTA, Oct. 30, 2020 /PRNewswire/ -- Georgia Power continues restoration efforts and has already restored electric service to nearly 741,000 customers following Hurricane Zeta. As of 7 p.m. Friday, approximately 129,000 customers are without power across Georgia. The company is working as safely and quickly as possible to restore power to customers.
Based on the impact of Hurricane Zeta across the Southeast and other storm activity in the country, the availability of additional resources from other utilities to assist with restoration efforts in Georgia is limited. The company will continue updating regional restoration estimates as often as possible and as additional resources from other utilities are secured. Currently, the company has secured resources from 14 states to support restoration efforts.
Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
75% damage currently assessed from Hurricane Zeta:
While the company continues to assess damage, customers in the hardest hit areas should plan ahead for the potential of extended outages, possibly days, due to the vast damage from the storm.
The company will continue updating estimated restoration times as they become available.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
In the field, the power restoration process includes these key steps:
Damage Update – As of 7 p.m. Friday
The company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/31/20201 p.m. Update: Power restored to nearly 675,000 Georgia Power customers within 36 hours of Hurricane Zeta's path through Georgia
Source: PR Newswire
ATLANTA, Oct. 30, 2020 /PRNewswire/ -- Georgia Power continues damage assessment and restoration efforts and has already restored electric service to nearly 675,000 customers following Hurricane Zeta. As of 1 p.m. Friday, approximately 180,000 customers are without power across Georgia. The company expects power to be restored to 95% of customers impacted by Hurricane Zeta by Sunday night, and the company is working as safely and quickly as possible to restore power to customers.
Based on the impact of Hurricane Zeta across the Southeast and other storm activity in the country, the availability of additional resources from other utilities to assist with restoration efforts in Georgia is limited. The company will continue updating regional restoration estimates as often as possible and as additional resources from other utilities are secured. Currently, the company has secured resources from 14 states and Canada to support restoration efforts.
Damage from Hurricane Zeta is similar to the damage seen after Hurricane Michael impacted the state in 2018. As Hurricane Zeta crossed through the state, Georgia Power's service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. As damage assessment continues, damage reports include more than 350 broken poles, 120 damaged transformers and 1,600 spans of wire down. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.
While the company continues to assess damage, customers in the hardest hit areas should plan ahead for the potential of extended outages, possibly days, due to the vast damage from the storm.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
In the field, the power restoration process includes these key steps:
Damage Update – As of 1 p.m. Friday
The company encourages customers to keep safety first following Hurricane Zeta:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/30/202010/30/2020 - 8 p.m. Update: Company expects power to be restored to 95% of customers impacted by Hurricane Zeta by Sunday night
8 p.m. Update: Company expects power to be restored to 95% of customers impacted by Hurricane Zeta by Sunday night
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Electric service to nearly 490,000 Georgia Power customers has been restored following Hurricane Zeta. As of 8 p.m. Thursday, approximately 280,000 customers are without power across Georgia. The company expects power to be restored to 95% of customers impacted by Hurricane Zeta by Sunday night.
While the company continues to assess damage, customers in the hardest hit areas should plan ahead for the potential of extended outages, possibly days, due to the vast damage from the storm. Based on the impact of Hurricane Zeta across the Southeast and other storm activity in the country, the availability of additional resources from other utilities to assist with restoration efforts in Georgia is limited.
"This storm caused an incredible amount of damage across the state that we are working as quickly and safely as possible to assess," said David Maske, Georgia Power Storm Center manager. "Multiple storms impacting the Southeast have strained assistance resources usually available to us, but our crews are working around the clock to get the lights back on. We appreciate our customers' patience and their support in the coming days."
Damage from Hurricane Zeta is similar to the damage seen after Hurricane Michael impacted the state in 2018. Damage includes broken poles, damaged transformers and numerous spans of wire down. Teams are also experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas. Damage assessment following widespread impacts from Hurricane Zeta continues across impacted areas around Georgia and must be completed as an essential step to efficiently and effectively allocate resources.
Regional restoration estimates will be available as soon as assessment work is completed.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
In the field, the power restoration process includes these key steps:
Damage Update – As of 8 p.m. Thursday
The company encourages customers to keep safety first following Hurricane Zeta:
Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/30/202010/29/2020 - 1:30 p.m. Update: Power to more than 280,000 Georgia Power customers restored following Hurricane Zeta
1:30 p.m. Update: Power to more than 280,000 Georgia Power customers restored following Hurricane Zeta
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Electric service to more than 280,000 Georgia Power customers has been restored following Hurricane Zeta. As of 1:30 p.m. Thursday, approximately 417,000 customers are without power across Georgia.
Damage assessment following widespread impacts from Hurricane Zeta is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. Teams must first remove trees to access some of the hardest hit areas. Once accessible, an assessment of damage is taken before crews can begin making repairs. All of Georgia Power's teams are in the field working to assess damage and restore power.
In the field, the power restoration process includes these key steps:
on repairs that return power to the greatest number of customers in the least amount of time.
Damage Update – As of 1:30 p.m. Thursday
The company encourages customers to keep safety first following Hurricane Zeta:
Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/29/202010/29/2020 - Georgia Power begins Hurricane Zeta damage assessment; reminds customers to focus on safety after the storm
Georgia Power begins Hurricane Zeta damage assessment; reminds customers to focus on safety after the storm
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- As Hurricane Zeta clears Georgia, Georgia Power begins its full-scale damage assessment. There has been significant damage due to high winds, heavy rain and fallen trees in the hardest hit areas leaving more than 600,000 customers without power. Damage assessment marks the first phase of the restoration process and Georgia Power has crews in the field assessing damage to begin the restoration process, followed by repair crews.
Georgia Power reminds customers that dangerous conditions exist following a storm.
After the Storm Safety Tips
For more on the damage assessment and restoration process, visit Georgia Power's YouTube channel.
Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/29/202010/29/2020 - Southern Company names Bryan Anderson executive vice president and president of external affairs
Southern Company names Bryan Anderson executive vice president and president of external affairs
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Southern Company today announced the promotion of Bryan D. Anderson, senior vice president of governmental affairs, to the roles of executive vice president and president of external affairs, effective Nov. 1, 2020. Anderson will serve on the company's executive management council.
"Bryan is an exceptional public affairs advocate and is relentless at putting the needs of customers at the center of everything we do," said Southern Company chairman, president and CEO Thomas A. Fanning. "He understands the importance of building consensus in the ever-changing external environment, and he has a proven track record of achieving bipartisan policy solutions that drive growth and prosperity in the communities we are privileged to serve."
Since joining Southern Company in 2010, Anderson has managed and directed the company's political, policy and regulatory activities. He will continue to manage and be based out of Southern Company's Washington, D.C., office. In his new role, Anderson also assumes responsibility for the company's branding, corporate communications, security policy and other external affairs functions.
Before joining Southern Company, Anderson worked for The Coca-Cola Company as vice president of government relations and public affairs. During that time, he served as that company's primary liaison to the federal government and oversaw the planning, budget development and administration for its government relations function. Prior to joining The Coca-Cola Company, Anderson served in the law offices of Sumner & Hewes in Atlanta and O'Connor & Hannan in Washington.
A native of Georgia, Anderson earned a bachelor of business administration with a concentration in finance from the University of Georgia and a juris doctor from the Walter F. George School of Law at Mercer University in Macon, Ga.
Anderson succeeds Christopher C. Womack, who earlier today was named president of Georgia Power, effective Nov. 1.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/29/2020Southern Company announces leadership change at Georgia Power as Paul Bowers, chairman, president and CEO of Georgia Power, announces succession plan
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Southern Company today announced that Chris Womack, executive vice president and president of External Affairs, has been elected by the Georgia Power Board of Directors to succeed Paul Bowers as chairman, president and CEO of Georgia Power. Bowers' retirement is scheduled to coincide with Vogtle Unit 3 fuel load, which is expected in April 2021. Womack will serve as president of Georgia Power effective November 1, 2020 and assume his additional responsibilities as chairman and CEO upon Bowers' retirement.
"For more than a decade, Paul has led Georgia Power to be the premier energy company it is today. From industry-leading storm response and customer satisfaction, to the growth of a diverse fuel portfolio and a deep commitment to the communities we serve, he has positioned the company for continued success," said Tom Fanning, chairman, president and CEO of Southern Company. "We knew it would take a remarkable leader to follow after him and we're confident Chris is that leader. He is a pillar of the community and his depth of experience in the energy industry, generation, public policy, governmental and regulatory affairs, and the state will be incredibly valuable as the company works to continue providing clean, safe, reliable and affordable energy for millions of Georgians. More importantly, Chris leads with a passion for people. The company, its employees and its customers are in good hands."
"It has been the honor of my life to serve alongside the men and women of Georgia Power. Each day, I have been reminded of their dedication to our customers, our communities and our state both in how they serve our customers and what they do for our communities," said Paul Bowers, chairman, president and CEO of Georgia Power. "I'm also extremely proud of the accomplishments the Georgia Power team has made, but most importantly the commitment to building a clean energy future for our state. Their dedication to bringing Vogtle 3 & 4 online to meet the energy needs for the next 60 to 80 years is now within sight. Seeing their incredible progress and having the confidence that Unit 3 will be online to meet our regulatory commitment assures me that it's the right time for us to start the transition to my retirement and leave the company in Chris' capable hands."
When Womack assumes his new role in November, he will lead Georgia Power in serving its 2.6 million customers across the state. He will be responsible for the company's customer service, economic development, generation, transmission, distribution, energy efficiency, charitable giving and volunteerism efforts. He'll also lead the company in storm response, environmental efforts and more.
"It's an exciting time to be back at Georgia Power, especially when we're poised to make history with the first new nuclear units in the U.S. in decades," said Chris Womack, executive vice president and president of External Affairs for Southern Company. "This company has an incredible legacy of delivering world-class customer service and reliability to Georgians, while also being a leader in the communities it serves. It is an honor to be able to come back and be a part of the wonderful team of people at Georgia Power and help continue their great work."
Serving as executive vice president and president of External Affairs for Southern Company since 2009, Womack has led overall external positioning and branding efforts including the company's public policy strategies and overseen the company's governmental and regulatory affairs, corporate communication initiatives and other external and strategic business engagements.
He joined Southern Company in 1988 and has held several leadership positions within the company and its subsidiaries, serving as executive vice president of external affairs at Georgia Power and senior vice president and senior production officer of Southern Company Generation, where he was responsible for coal, gas, and hydro generation for Georgia Power and Savannah Electric. Womack also served as senior vice president of human resources and chief people officer at Southern Company, as well as senior vice president of public relations and corporate services at Alabama Power. Prior to joining Southern Company, Womack worked for the U.S. House of Representatives for then-Congressman Leon E. Panetta.
Womack is a member of the board of directors of Essential Utilities, Inc. He currently chairs the board of the East Lake Foundation, is on the national board of The First Tee and is the incoming chair of the board for the Alliance to Save Energy. Womack has chaired the Atlanta Convention and Visitors Bureau board and the Atlanta Sports Council. He has also chaired the board for Communities in Schools of Georgia and served as a member of the Children's Healthcare of Atlanta board. He has received numerous honors, including the SCLC Leadership Award (1998).
A native of Greenville, Alabama, Womack holds a bachelor's degree from Western Michigan University and a master's degree from The American University. He completed the Stanford Executive Program and is a member of the Leadership Atlanta class of 2000 and the Leadership Birmingham class of 1990.
Bowers joined Southern Company in 1979 at Gulf Power and has served as Georgia Power's chairman, president and CEO for the past 11 years. Under his tenue, Georgia Power has been consistently recognized by J.D. Power for excellence in customer service, customer satisfaction and reliability while keeping rates 15% below the national average.
In connection with the changes at Georgia Power, Southern Company today announced the promotion of Bryan D. Anderson, senior vice president of governmental affairs, to the roles of executive vice president and president of external affairs, effective Nov. 1, succeeding Womack. Anderson will serve on the company's executive management council.
Since joining Southern Company in 2010, Anderson has managed and directed the company's political, policy and regulatory activities. He will continue to manage and be based out of Southern Company's Washington, D.C., office. In his new role, Anderson also assumes responsibility for the company's branding, corporate communications, security policy and other external affairs functions.
"An incredible leader of individuals and teams, Bryan over the past ten years has developed a keen understanding of our business and industry," Fanning added. "He understands the importance of building consensus in the ever-changing external environment, and he has a proven track record of achieving bipartisan policy solutions that drive growth and prosperity in the communities we are privileged to serve."
Before joining Southern Company, Anderson worked for The Coca-Cola Company as vice president of government relations and public affairs. During that time, he served as that company's primary liaison to the federal government and oversaw the planning, budget development and administration for its government relations function. Prior to joining The Coca-Cola Company, Anderson served in the law offices of Sumner & Hewes in Atlanta and O'Connor & Hannan in Washington.
A native of Georgia, Anderson earned a bachelor of business administration with a concentration in finance from the University of Georgia and a juris doctor from the Walter F. George School of Law at Mercer University in Macon, Ga.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle Units 3 and 4, including the expected schedule for Unit 3 fuel load. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements); the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; and catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences. Southern Company expressly disclaims any obligation to update any forward–looking information.
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SOURCE Southern Company
Article Date
10/29/2020Paul Bowers, chairman, president and CEO of Georgia Power announces succession plan
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Georgia Power today announced that Chris Womack has been elected by the Georgia Power Board of Directors to succeed Paul Bowers as the company's chairman, president and CEO. Bowers' retirement is scheduled to coincide with Vogtle Unit 3 fuel load, which is expected in April 2021. Womack, Southern Company's executive vice president and president of External Affairs, will serve as president of Georgia Power effective November 1, 2020, and assume his additional responsibilities as chairman and CEO upon Bowers' retirement.
"It has been the honor of my life to serve alongside the men and women of Georgia Power. Each day, I have been reminded of their dedication to our customers, our communities and our state both in how they serve our customers and what they do for our communities," said Paul Bowers, chairman, president and CEO of Georgia Power. "I'm also extremely proud of the accomplishments the Georgia Power team has made, but most importantly the commitment to building a clean energy future for our state. Their dedication to bringing Vogtle 3 & 4 online to meet the energy needs for the next 60 to 80 years is now within sight. Seeing their incredible progress and having the confidence that Unit 3 will be online to meet our regulatory commitment assures me that it's the right time for us to start the transition to my retirement and leave the company in Chris' capable hands."
"For more than a decade, Paul has led Georgia Power to be the premier energy company it is today. From industry-leading storm response and customer satisfaction, to the growth of a diverse fuel portfolio and a deep commitment to the communities we serve, he has positioned the company for continued success," said Tom Fanning, chairman, president and CEO of Southern Company. "We knew it would take a remarkable leader to follow after him and we're confident Chris is that leader. He is a pillar of the community, and his depth of experience in the energy industry, generation, public policy, governmental and regulatory affairs, and the state will be incredibly valuable as the company works to continue providing clean, safe, reliable and affordable energy for millions of Georgians. More importantly, Chris leads with a passion for people. The company, its employees and its customers are in good hands."
When Womack assumes his new role in November, he will lead Georgia Power in serving its 2.6 million customers across the state. He will be responsible for the company's customer service, economic development, generation, transmission, distribution, energy efficiency, charitable giving and volunteerism efforts. He'll also lead the company in storm response, environmental efforts and more.
"It's an exciting time to be back at Georgia Power, especially when we're poised to make history with the first new nuclear units in the U.S. in decades," said Chris Womack, executive vice president and president of External Affairs for Southern Company. "This company has an incredible legacy of delivering world class customer service and reliability to Georgians, while also being a leader in the communities it serves. It is an honor to be able to come back and be a part of the wonderful team of people at Georgia Power and help continue their great work."
Serving as executive vice president and president of External Affairs for Southern Company since 2009, Womack has led overall external positioning and branding efforts including the company's public policy strategies and overseen the company's governmental and regulatory affairs, corporate communication initiatives and other external and strategic business engagements.
He joined Southern Company in 1988 and has held several leadership positions within the company and its subsidiaries, serving as executive vice president of external affairs at Georgia Power and senior vice president and senior production officer of Southern Company Generation, where he was responsible for coal, gas, and hydro generation for Georgia Power and Savannah Electric. Womack also served as senior vice president of human resources and chief people officer at Southern Company, as well as senior vice president of public relations and corporate services at Alabama Power. Prior to joining Southern Company, Womack worked for the U.S. House of Representatives for then Congressman Leon E. Panetta.
Womack is a member of the board of directors of Essential Utilities, Inc. He currently chairs the board of the East Lake Foundation, is on the national board of The First Tee and is the incoming chair of the board for the Alliance to Save Energy. Womack has chaired the Atlanta Convention and Visitors Bureau board and the Atlanta Sports Council. He has also chaired the board for Communities in Schools of Georgia and served as a member of the Children's Healthcare of Atlanta board. He has received numerous honors, including the SCLC Leadership Award (1998).
A native of Greenville, Alabama, Womack holds a bachelor's degree from Western Michigan University and a master's degree from The American University. He completed the Stanford Executive Program and is a member of the Leadership Atlanta class of 2000 and the Leadership Birmingham class of 1990.
Bowers joined Southern Company in 1979 at Gulf Power and has served as Georgia Power's chairman, president and CEO for the past 11 years. Under his tenue, Georgia Power has been consistently recognized by J.D. Power for excellence in customer service, customer satisfaction and reliability while keeping rates 15% below the national average.
"Paul has led Georgia Power through enormous change and challenge during his tenure as CEO. His steady leadership, unmatched integrity and total commitment have been critical as we successfully navigated the recovery following the great recession, transitioned the generation fleet, re-imagined our business processes, invested heavily in our electrical infrastructure and near completion of the first new nuclear units in a generation at Vogtle 3 & 4," said Charles Tarbutton, lead director for the Georgia Power Board of Directors. "Paul is intensely focused on serving our customers and communities. On behalf of the full Board, we thank Paul for his tireless dedication and many contributions to this company, its employees and customers, and to the State of Georgia."
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle Units 3 and 4, including the expected schedule for Unit 3 fuel load. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements); the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; and catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
10/29/2020Hurricane Zeta crossing Georgia, more than 550,000 customers without power
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Hurricane Zeta arrived in Georgia overnight and is impacting service to Georgia Power customers. Damage and power outages may increase as high winds continue across the state. The company is prepared to assess damage and restore power as quickly and safely as possible following the storm.
Georgia Power has seen damage due to the already saturated ground, high wind gusts, heavy rain and fallen trees. Once the storm passes, the company must wait until conditions are safe for damage assessment teams to enter the impacted zones and begin the restoration process, followed by repair crews. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
Damage Update
In the field, the power restoration process includes these key steps:
After the Storm Safety Tips
Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/hurricane-zeta-crossing-georgia-more-than-550-000-customers-without-power-301162857.html
SOURCE Georgia Power
Article Date
10/29/202010/29/2020 - Southern Company reports third-quarter 2020 earnings
Southern Company reports third-quarter 2020 earnings
Source: PR Newswire
ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Southern Company today reported third-quarter 2020 earnings of $1.25 billion, or $1.18 per share, compared with $1.32 billion, or $1.26 per share, in the third quarter of 2019. For the nine months ended September 30, 2020, Southern Company reported earnings of $2.73 billion, or $2.58 per share, compared with earnings of $4.30 billion, or $4.12 per share, for the same period in 2019.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $1.29 billion, or $1.22 per share, during the third quarter of 2020, compared with $1.40 billion, or $1.34 per share, during the third quarter of 2019. For the nine months ended September 30, 2020, excluding these items, Southern Company earned $2.94 billion, or $2.78 per share, compared with $2.97 billion, or $2.84 per share, for the same period in 2019.
Non-GAAP Financial Measures | Three Months Ended September | Year-to-Date September | |||
Net Income - Excluding Items (in millions) | 2020 | 2019 | 2020 | 2019 | |
Net Income - As Reported | $1,251 | $1,316 | $2,732 | $4,298 | |
Less: | |||||
Acquisition and Disposition Impacts | - | (5) | 38 | 2,477 | |
Tax Impact | - | (7) | (16) | (1,130) | |
Estimated Loss on Plants Under Construction | 3 | (3) | (151) | (16) | |
Tax Impact | (1) | 1 | 39 | 4 | |
Wholesale Gas Services | (62) | (14) | (61) | 79 | |
Tax Impact | 17 | 5 | 16 | (18) | |
Asset Impairment | - | (92) | (154) | (92) | |
Tax Impact | - | 27 | 80 | 27 | |
Net Income – Excluding Items | $1,294 | $1,404 | $2,941 | $2,967 | |
Average Shares Outstanding – (in millions) | 1,058 | 1,048 | 1,058 | 1,043 | |
Basic Earnings Per Share – Excluding Items | $1.22 | $1.34 | $2.78 | $2.84 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the third quarter 2020 were negatively impacted by a decline in sales related to the COVID-19 pandemic and milder weather, largely offset by diligent cost control and constructive state regulatory actions completed in 2019 at the company's utilities.
"During the third quarter and much of this year, unprecedented circumstances, including the COVID-19 pandemic and an exceptionally active storm season, have confronted our customers and communities. Employees throughout the Southern Company system have responded by continuing to deliver industry-leading reliability and service to those customers we are privileged to serve," said Chairman, President and CEO Thomas A. Fanning. "Our priorities moving forward include maintaining best-in-class service levels and cost discipline at our utilities while continuing to work diligently to bring Vogtle Units 3 and 4 online by the November 2021 and November 2022 regulatory-approved in-service dates."
Third-quarter 2020 operating revenues were $5.6 billion, compared with $6.0 billion for the third quarter of 2019, a decrease of 6.3 percent. For the nine months ended September 30, 2020, operating revenues were $15.3 billion, compared with $16.5 billion for the corresponding period in 2019, a decrease of 7.6 percent. These decreases were primarily due to lower fuel costs and a sales decline resulting from milder weather and COVID-19.
Southern Company's third-quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com. To learn more, visit www.southerncompany.com.
Southern Company | |||||||||||||||
Financial Highlights | |||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | |||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||
Net Income–As Reported (See Notes) | 2020 | 2019 | 2020 | 2019 | |||||||||||
Traditional Electric Operating Companies | $ | 1,284 | $ | 1,373 | $ | 2,571 | $ | 2,719 | |||||||
Southern Power | 74 | 86 | 212 | 316 | |||||||||||
Southern Company Gas | 14 | (29) | 360 | 347 | |||||||||||
Total | 1,372 | 1,430 | 3,143 | 3,382 | |||||||||||
Parent Company and Other | (121) | (114) | (411) | 916 | |||||||||||
Net Income–As Reported | $ | 1,251 | $ | 1,316 | $ | 2,732 | $ | 4,298 | |||||||
Basic Earnings Per Share1 | $ | 1.18 | $ | 1.26 | $ | 2.58 | $ | 4.12 | |||||||
Average Shares Outstanding (in millions) | 1,058 | 1,048 | 1,058 | 1,043 | |||||||||||
End of Period Shares Outstanding (in millions) | 1,056 | 1,049 | |||||||||||||
Non-GAAP Financial Measures | Three Months Ended | Year-to-Date | |||||||||||||
Net Income–Excluding Items (See Notes) | 2020 | 2019 | 2020 | 2019 | |||||||||||
Net Income–As Reported | $ | 1,251 | $ | 1,316 | $ | 2,732 | $ | 4,298 | |||||||
Less: | |||||||||||||||
Acquisition and Disposition Impacts2 | — | (5) | 38 | 2,477 | |||||||||||
Tax Impact | — | (7) | (16) | (1,130) | |||||||||||
Estimated Loss on Plants Under Construction3 | 3 | (3) | (151) | (16) | |||||||||||
Tax Impact | (1) | 1 | 39 | 4 | |||||||||||
Wholesale Gas Services4 | (62) | (14) | (61) | 79 | |||||||||||
Tax Impact | 17 | 5 | 16 | (18) | |||||||||||
Asset Impairment5 | — | (92) | (154) | (92) | |||||||||||
Tax Impact | — | 27 | 80 | 27 | |||||||||||
Net Income–Excluding Items | $ | 1,294 | $ | 1,404 | $ | 2,941 | $ | 2,967 | |||||||
Basic Earnings Per Share–Excluding Items | $ | 1.22 | $ | 1.34 | $ | 2.78 | $ | 2.84 | |||||||
-See Notes on the following page. | |||||||||||||||
Southern Company | |
Financial Highlights | |
Notes | |
(1) | For the three and nine months ended September 30, 2020 and 2019, dilution does not change basic earnings per share by more than $0.03 and is not material. Diluted earnings per share was $1.18 and $2.57 in the third quarter and year-to-date 2020, respectively, and $1.25 and $4.09 in the third quarter and year-to-date 2019, respectively. |
(2) | Earnings for the nine months ended September 30, 2020 primarily include a $39 million pre-tax ($23 million after-tax) gain on the sale of Southern Power Company's Plant Mankato. Earnings for the three months ended September 30, 2019 include an $18 million pre-tax and after-tax impairment charge in contemplation of the sale of PowerSecure, Inc.'s lighting business, partially offset by $13 million pre tax ($6 million after tax) of other acquisition and disposition impacts. Earnings for the nine months ended September 30, 2019 include a $2.5 billion pre-tax ($1.3 billion after-tax) gain on the sale of Gulf Power Company, a $23 million pre-tax ($88 million after-tax) gain on the sale of Southern Power Company's Plant Nacogdoches, and $17 million pre tax ($7 million after tax) of other acquisition and disposition impacts, partially offset by pre-tax and after-tax impairment charges totaling $50 million related to the sale and contemplated sale of PowerSecure, Inc.'s utility infrastructure services and lighting businesses, respectively. |
(3) | Earnings for the three and nine months ended September 30, 2020 and 2019 include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Earnings for the nine months ended September 30, 2020 also include a $149 million pre-tax ($111 million after-tax) charge for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4, which significantly impacted earnings and earnings per share. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2025. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $3 million for the remainder of 2020 and $10 million to $15 million annually for 2021 through 2025. Further charges for Georgia Power Company's construction of Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. |
(4) | Earnings for the three and nine months ended September 30, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
(5) | Earnings for the nine months ended September 30, 2020 include a pre-tax impairment charge of $154 million ($74 million after tax) related to a leveraged lease. Earnings for the three and nine months ended September 30, 2019 include a pre-tax impairment charge of $92 million ($65 million after tax) associated with Southern Company Gas' natural gas storage facility in Louisiana. Further charges associated with this facility are not expected. Southern Company Gas has two other natural gas storage facilities which could be impacted by ongoing U.S. natural gas storage market changes that may imply impacts to future rates and/or asset values, and, if sustained, could trigger impairment. |
Southern Company | |||||||||||||||||||||||
Significant Factors Impacting EPS | |||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
2020 | 2019 | Change | 2020 | 2019 | Change | ||||||||||||||||||
Earnings Per Share– | |||||||||||||||||||||||
As Reported1 (See Notes) | $ | 1.18 | $ | 1.26 | $ | (0.08) | $ | 2.58 | $ | 4.12 | $ | (1.54) | |||||||||||
Significant Factors: | |||||||||||||||||||||||
Traditional Electric Operating Companies | $ | (0.09) | $ | (0.14) | |||||||||||||||||||
Southern Power | (0.01) | (0.10) | |||||||||||||||||||||
Southern Company Gas | 0.04 | 0.01 | |||||||||||||||||||||
Parent Company and Other | (0.01) | (1.28) | |||||||||||||||||||||
Increase in Shares | (0.01) | (0.03) | |||||||||||||||||||||
Total–As Reported | $ | (0.08) | $ | (1.54) | |||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
Non-GAAP Financial Measures | 2020 | 2019 | Change | 2020 | 2019 | Change | |||||||||||||||||
Earnings Per Share– | |||||||||||||||||||||||
Excluding Items (See Notes) | $ | 1.22 | $ | 1.34 | $ | (0.12) | $ | 2.78 | $ | 2.84 | $ | (0.06) | |||||||||||
Total–As Reported | $ | (0.08) | $ | (1.54) | |||||||||||||||||||
Less: | |||||||||||||||||||||||
Acquisition and Disposition Impacts2 | 0.01 | (1.27) | |||||||||||||||||||||
Estimated Loss on Plants Under Construction3 | — | (0.10) | |||||||||||||||||||||
Wholesale Gas Services4 | (0.03) | (0.10) | |||||||||||||||||||||
Asset Impairment5 | 0.06 | (0.01) | |||||||||||||||||||||
Total–Excluding Items | $ | (0.12) | $ | (0.06) | |||||||||||||||||||
- See Notes on the following page. | |||||||||||||||||||||||
Southern Company | |
Significant Factors Impacting EPS | |
Notes | |
(1) | For the three and nine months ended September 30, 2020 and 2019, dilution does not change basic earnings per share by more than $0.03 and is not material. Diluted earnings per share was $1.18 and $2.57 in the third quarter and year-to-date 2020, respectively, and $1.25 and $4.09 in the third quarter and year-to-date 2019, respectively. |
(2) | Earnings for the nine months ended September 30, 2020 primarily include a $39 million pre-tax ($23 million after-tax) gain on the sale of Southern Power Company's Plant Mankato. Earnings for the three months ended September 30, 2019 include an $18 million pre-tax and after-tax impairment charge in contemplation of the sale of PowerSecure, Inc.'s lighting business, partially offset by $13 million pre tax ($6 million after tax) of other acquisition and disposition impacts. Earnings for the nine months ended September 30, 2019 include a $2.5 billion pre-tax ($1.3 billion after-tax) gain on the sale of Gulf Power Company, a $23 million pre-tax ($88 million after-tax) gain on the sale of Southern Power Company's Plant Nacogdoches, and $17 million pre tax ($7 million after tax) of other acquisition and disposition impacts, partially offset by pre-tax and after-tax impairment charges totaling $50 million related to the sale and contemplated sale of PowerSecure, Inc.'s utility infrastructure services and lighting businesses, respectively. |
(3) | Earnings for the three and nine months ended September 30, 2020 and 2019 include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Earnings for the nine months ended September 30, 2020 also include a $149 million pre-tax ($111 million after-tax) charge for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4, which significantly impacted earnings and earnings per share. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2025. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $3 million for the remainder of 2020 and $10 million to $15 million annually for 2021 through 2025. Further charges for Georgia Power Company's construction of Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. |
(4) | Earnings for the three and nine months ended September 30, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
(5) | Earnings for the nine months ended September 30, 2020 include a pre-tax impairment charge of $154 million ($74 million after tax) related to a leveraged lease. Earnings for the three and nine months ended September 30, 2019 include a pre-tax impairment charge of $92 million ($65 million after tax) associated with Southern Company Gas' natural gas storage facility in Louisiana. Further charges associated with this facility are not expected. Southern Company Gas has two other natural gas storage facilities which could be impacted by ongoing U.S. natural gas storage market changes that may imply impacts to future rates and/or asset values, and, if sustained, could trigger impairment. |
Southern Company | |||
EPS Earnings Analysis | |||
Description | Three Months Ended | Year-to-Date | |
Retail Sales | $(0.04) | $(0.12) | |
Retail Revenue Impacts | 0.04 | 0.24 | |
Weather | (0.10) | (0.21) | |
Non-Fuel O&M | — | 0.06 | |
Depreciation and Amortization, Interest Expense, Other | (0.04) | (0.16) | |
Income Taxes | 0.05 | 0.15 | |
Total Traditional Electric Operating Companies | $(0.09) | $(0.04) | |
Southern Power | (0.01) | (0.02) | |
Southern Company Gas | 0.01 | 0.05 | |
Parent and Other | (0.02) | (0.01) | |
Increase in Shares | (0.01) | (0.04) | |
Total Change in EPS (Excluding Items) | $(0.12) | $(0.06) | |
Acquisition and Disposition Impacts1 | 0.01 | (1.27) | |
Estimated Loss on Plants Under Construction2 | — | (0.10) | |
Wholesale Gas Services3 | (0.03) | (0.10) | |
Asset Impairment4 | 0.06 | (0.01) | |
Total Change in EPS (As Reported) | $(0.08) | $(1.54) | |
- See Notes on the following page. | |||
Southern Company | |
EPS Earnings Analysis | |
Notes | |
(1) | Earnings for the nine months ended September 30, 2020 primarily include a $39 million pre-tax ($23 million after-tax) gain on the sale of Southern Power Company's Plant Mankato. Earnings for the three months ended September 30, 2019 include an $18 million pre-tax and after-tax impairment charge in contemplation of the sale of PowerSecure, Inc.'s lighting business, partially offset by $13 million pre tax ($6 million after tax) of other acquisition and disposition impacts. Earnings for the nine months ended September 30, 2019 include a $2.5 billion pre-tax ($1.3 billion after-tax) gain on the sale of Gulf Power Company, a $23 million pre-tax ($88 million after-tax) gain on the sale of Southern Power Company's Plant Nacogdoches, and $17 million pre tax ($7 million after tax) of other acquisition and disposition impacts, partially offset by pre-tax and after-tax impairment charges totaling $50 million related to the sale and contemplated sale of PowerSecure, Inc.'s utility infrastructure services and lighting businesses, respectively. |
(2) | Earnings for the three and nine months ended September 30, 2020 and 2019 include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Earnings for the nine months ended September 30, 2020 also include a $149 million pre-tax ($111 million after-tax) charge for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4, which significantly impacted earnings and earnings per share. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2025. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $3 million for the remainder of 2020 and $10 million to $15 million annually for 2021 through 2025. Further charges for Georgia Power Company's construction of Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. |
(3) | Earnings for the three and nine months ended September 30, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
(4) | Earnings for the nine months ended September 30, 2020 include a pre-tax impairment charge of $154 million ($74 million after tax) related to a leveraged lease. Earnings for the three and nine months ended September 30, 2019 include a pre-tax impairment charge of $92 million ($65 million after tax) associated with Southern Company Gas' natural gas storage facility in Louisiana. Further charges associated with this facility are not expected. Southern Company Gas has two other natural gas storage facilities which could be impacted by ongoing U.S. natural gas storage market changes that may imply impacts to future rates and/or asset values, and, if sustained, could trigger impairment. |
Southern Company | |||||||||||||||||||||||
Consolidated Earnings | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended September | Year-to-Date | ||||||||||||||||||||||
2020 | 2019 | Change | 2020 | 2019 | Change | ||||||||||||||||||
Income Account- | |||||||||||||||||||||||
Retail Electric Revenues- | |||||||||||||||||||||||
Fuel | $ | 949 | $ | 1,083 | $ | (134) | $ | 2,301 | $ | 2,807 | $ | (506) | |||||||||||
Non-Fuel | 3,294 | 3,429 | (135) | 8,202 | 8,329 | (127) | |||||||||||||||||
Wholesale Electric Revenues | 584 | 625 | (41) | 1,473 | 1,667 | (194) | |||||||||||||||||
Other Electric Revenues | 164 | 163 | 1 | 484 | 492 | (8) | |||||||||||||||||
Natural Gas Revenues | 477 | 498 | (21) | 2,362 | 2,661 | (299) | |||||||||||||||||
Other Revenues | 152 | 197 | (45) | 436 | 549 | (113) | |||||||||||||||||
Total Revenues | 5,620 | 5,995 | (375) | 15,258 | 16,505 | (1,247) | |||||||||||||||||
Fuel and Purchased Power | 1,163 | 1,326 | (163) | 2,801 | 3,461 | (660) | |||||||||||||||||
Cost of Natural Gas | 71 | 79 | (8) | 654 | 956 | (302) | |||||||||||||||||
Cost of Other Sales | 72 | 114 | (42) | 201 | 316 | (115) | |||||||||||||||||
Non-Fuel O&M | 1,286 | 1,296 | (10) | 3,785 | 3,898 | (113) | |||||||||||||||||
Depreciation and Amortization | 889 | 760 | 129 | 2,619 | 2,267 | 352 | |||||||||||||||||
Taxes Other Than Income Taxes | 304 | 303 | 1 | 932 | 931 | 1 | |||||||||||||||||
Estimated Loss on Plant Vogtle Units 3 and 4 | — | — | — | 149 | — | 149 | |||||||||||||||||
Impairment Charges | — | 110 | (110) | — | 142 | (142) | |||||||||||||||||
(Gain) Loss on Dispositions, net | — | (6) | 6 | (39) | (2,512) | 2,473 | |||||||||||||||||
Total Operating Expenses | 3,785 | 3,982 | (197) | 11,102 | 9,459 | 1,643 | |||||||||||||||||
Operating Income | 1,835 | 2,013 | (178) | 4,156 | 7,046 | (2,890) | |||||||||||||||||
Allowance for Equity Funds Used During Construction | 38 | 33 | 5 | 106 | 96 | 10 | |||||||||||||||||
Earnings from Equity Method Investments | 33 | 39 | (6) | 105 | 120 | (15) | |||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 443 | 434 | 9 | 1,343 | 1,294 | 49 | |||||||||||||||||
Impairment of Leveraged Lease | — | — | — | 154 | — | 154 | |||||||||||||||||
Other Income (Expense), net | 113 | 61 | 52 | 319 | 239 | 80 | |||||||||||||||||
Income Taxes | 293 | 367 | (74) | 443 | 1,872 | (1,429) | |||||||||||||||||
Net Income | 1,283 | 1,345 | (62) | 2,746 | 4,335 | (1,589) | |||||||||||||||||
Less: | |||||||||||||||||||||||
Dividends on Preferred Stock of Subsidiaries | 4 | 4 | — | 11 | 11 | — | |||||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interests | 28 | 25 | 3 | 3 | 26 | (23) | |||||||||||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 1,251 | $ | 1,316 | $ | (65) | $ | 2,732 | $ | 4,298 | $ | (1,566) | |||||||||||
Notes |
- Certain prior year data may have been reclassified to conform with current year presentation. |
Southern Company | |||||||||||||||||||||||
Kilowatt-Hour Sales and Customers | |||||||||||||||||||||||
(In Millions of KWHs) | |||||||||||||||||||||||
Three Months Ended September | Year-to-Date September | ||||||||||||||||||||||
2020 | 2019 | Change | Weather | 2020 | 2019 | Change | Weather | ||||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||||
Total Sales | 53,099 | 56,703 | (6.4) | % | 140,910 | 150,303 | (6.2) | % | |||||||||||||||
Total Retail Sales- | 40,218 | 43,090 | (6.7) | % | (3.0) | % | 106,724 | 114,207 | (6.6) | % | (3.4) | % | |||||||||||
Residential | 14,740 | 15,368 | (4.1) | % | 3.5 | % | 36,485 | 37,790 | (3.5) | % | 3.7 | % | |||||||||||
Commercial | 13,140 | 14,404 | (8.8) | % | (5.1) | % | 34,611 | 37,776 | (8.4) | % | (5.9) | % | |||||||||||
Industrial | 12,177 | 13,133 | (7.3) | % | (7.3) | % | 35,129 | 38,084 | (7.8) | % | (7.8) | % | |||||||||||
Other | 161 | 185 | (12.6) | % | (12.3) | % | 499 | 557 | (10.5) | % | (10.3) | % | |||||||||||
Total Wholesale Sales | 12,881 | 13,613 | (5.4) | % | N/A | 34,186 | 36,096 | (5.3) | % | N/A | |||||||||||||
(In Thousands of Customers) | |||||||||||||||||||||||
Period Ended September | |||||||||||||||||||||||
2020 | 2019 | Change | |||||||||||||||||||||
Regulated Utility Customers- | |||||||||||||||||||||||
Total Utility Customers- | 8,580 | 8,462 | 1.4% | ||||||||||||||||||||
Total Traditional Electric | 4,322 | 4,254 | 1.6% | ||||||||||||||||||||
Southern Company Gas | 4,258 | 4,208 | 1.2% | ||||||||||||||||||||
Southern Company | |||||||||||||||||||||
Financial Overview | |||||||||||||||||||||
As Reported | |||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||
Three Months Ended September | Year-to-Date | ||||||||||||||||||||
2020 | 2019 | % Change | 2020 | 2019 | % Change | ||||||||||||||||
Southern Company1, 2 – | |||||||||||||||||||||
Operating Revenues | $ | 5,620 | $ | 5,995 | (6.3) | % | $ | 15,258 | $ | 16,505 | (7.6) | % | |||||||||
Earnings Before Income Taxes | 1,576 | 1,712 | (7.9) | % | 3,189 | 6,207 | (48.6) | % | |||||||||||||
Net Income Available to Common | 1,251 | 1,316 | (4.9) | % | 2,732 | 4,298 | (36.4) | % | |||||||||||||
Alabama Power – | |||||||||||||||||||||
Operating Revenues | $ | 1,729 | $ | 1,841 | (6.1) | % | $ | 4,445 | $ | 4,762 | (6.7) | % | |||||||||
Earnings Before Income Taxes | 578 | 617 | (6.3) | % | 1,340 | 1,288 | 4.0 | % | |||||||||||||
Net Income Available to Common | 444 | 469 | (5.3) | % | 1,022 | 982 | 4.1 | % | |||||||||||||
Georgia Power – | |||||||||||||||||||||
Operating Revenues | $ | 2,617 | $ | 2,755 | (5.0) | % | $ | 6,371 | $ | 6,706 | (5.0) | % | |||||||||
Earnings Before Income Taxes | 945 | 1,094 | (13.6) | % | 1,609 | 2,064 | (22.0) | % | |||||||||||||
Net Income Available to Common | 773 | 839 | (7.9) | % | 1,411 | 1,598 | (11.7) | % | |||||||||||||
Mississippi Power – | |||||||||||||||||||||
Operating Revenues | $ | 336 | $ | 370 | (9.2) | % | $ | 895 | $ | 970 | (7.7) | % | |||||||||
Earnings Before Income Taxes | 79 | 80 | (1.3) | % | 158 | 166 | (4.8) | % | |||||||||||||
Net Income Available to Common | 67 | 65 | 3.1 | % | 138 | 139 | (0.7) | % | |||||||||||||
Southern Power2 – | |||||||||||||||||||||
Operating Revenues | $ | 523 | $ | 574 | (8.9) | % | $ | 1,337 | $ | 1,527 | (12.4) | % | |||||||||
Earnings Before Income Taxes | 116 | 130 | (10.8) | % | 242 | 301 | (19.6) | % | |||||||||||||
Net Income Available to Common | 74 | 86 | (14.0) | % | 212 | 316 | (32.9) | % | |||||||||||||
Southern Company Gas – | |||||||||||||||||||||
Operating Revenues | $ | 477 | $ | 498 | (4.2) | % | $ | 2,362 | $ | 2,661 | (11.2) | % | |||||||||
Earnings (Loss) Before Income Taxes | 17 | (51) | N/M | 458 | 408 | 12.3 | % | ||||||||||||||
Net Income (Loss) Available to Common | 14 | (29) | N/M | 360 | 347 | 3.7 | % | ||||||||||||||
N/M - Not meaningful | |
Notes | |
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |
(1) | Year-to-date earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019. |
(2) | Earnings and revenue comparisons to the prior year were significantly impacted by Southern Power Company's dispositions of Plant Nacogdoches on June 13, 2019 and Plant Mankato on January 17, 2020. |
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SOURCE Southern Company
Article Date
10/29/2020Georgia Power encourages customers to finalize preparations for Hurricane Zeta
Source: PR Newswire
ATLANTA, Oct. 28, 2020 /PRNewswire/ -- As the Gulf Coast prepares for the arrival of Hurricane Zeta, Georgia Power is actively monitoring the storm and coordinating with its sister power companies, emergency partners, including GEMA and the Mutual Assistance Network which consists of dozens of utilities from around the country.
With each request for assistance, the company ensures that it has sufficient coverage to respond to any potential local service interruptions.
Due to already saturated soil and possible high winds, Zeta is likely to bring down trees that could cause outages. Customers are encouraged to use this time to prepare and keep safety in mind when threatened with possible dangerous conditions and storm damage. Georgia Power continues to monitor the changing weather around the clock.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/28/2020Southern Company Gas announces election of two new directors
Source: PR Newswire
ATLANTA, Oct. 27, 2020 /PRNewswire/ -- Southern Company Gas today announced that its board of directors has elected two new directors. Norman G. Holmes joined the board, effective Oct. 27, 2020, and Vanessa Allen Sutherland will join the board effective Feb. 16, 2021.
"These respected individuals have tremendous experience in operational excellence, pipeline safety and environmental focus," said Kim Greene, chairman, president and CEO of Southern Company Gas. "The backgrounds of Norman and Vanessa add unparalleled value, enhancing the strong leadership and strategic thinking essential to our commitment to delivering clean, safe, reliable and affordable natural gas."
Holmes was elected to the board in July and officially began his role in October. He is a nationally recognized leader in the field of natural gas pipelines. With more than 40 years of experience in the industry, he has worked extensively with the Federal Energy Regulatory Commission, testified at State Public Service Commissions and has extensive P&L, business development and M&A experience. In 2016, he negotiated the Southern Natural Gas pipeline strategic venture with Southern Company to advance both companies' efforts to develop infrastructure important to America's energy future. He has served on the boards of the Southern Gas Association and Interstate Natural Gas Association of America. He also served on the State of Georgia's Liquified Natural Gas Advisory Committee. Holmes retired as president, Southern Region Pipelines, Kinder Morgan, Inc., in January 2020.
Sutherland has a deep understanding of environmental and regulatory compliance, public policy and crisis management, with more than 25 years of experience in both government and industry. She is executive vice president of government relations and chief legal officer for Norfolk Southern Corporation. In addition to her legal and regulatory responsibilities there, she manages stakeholder environmental, social, and governance (ESG) concerns arising from the increases in intermodal transportation trends and the company's common carrier obligations. With that responsibility, she addresses sustainability reporting and carbon disclosures and the sharing of information about the company's carbon footprint. Prior to joining Norfolk Southern in 2018, she was board chairperson and CEO of the U.S. Chemical Safety and Hazard Investigation Board. Before that, she was chief (general) counsel at the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA).
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
10/27/202010/27/2020 - Georgia Power prepared for Tropical Storm Zeta
Georgia Power prepared for Tropical Storm Zeta
Source: PR Newswire
ATLANTA, Oct. 27, 2020 /PRNewswire/ -- As Tropical Storm Zeta continues to strengthen as it tracks towards the Gulf Coast, Georgia Power is prepared to respond to any service interruptions that may occur later this week as the storm moves into middle and north Georgia. Due to already saturated soil and possible high winds, Zeta is likely to bring down trees that could cause outages. Customers are encouraged to use this time to prepare and keep safety in mind when threatened with possible dangerous conditions and storm damage. Georgia Power continues monitoring the changing weather around the clock and has the ability to coordinate with other utilities to field requests for assistance through the mutual assistance network when necessary.
Hurricane season continues through November
With the official hurricane season continuing through November 30, Georgia Power offers the following storm preparedness tips:
Before severe weather strikes, customers are encouraged to become familiar with Georgia Power's Outage Map on www.georgiapower.com that makes tracking and reporting outage information on the go even easier. The Outage Map automatically adjusts to function on any desktop, handheld or mobile device and has direct access to Georgia Power's social media channels for quick engagement with customer service representatives. Additionally, users have greater search capabilities with concise alert information relating to their specific outage.
Additional Georgia Power Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/27/2020Southern Company Recognized As Nation's Most Transparent Utility
Source: PR Newswire
ATLANTA, Oct. 26, 2020 /PRNewswire/ -- Southern Company was named the top utility in transparency in the 2020 U.S. Transparency Awards, sponsored by Labrador, a global communications firm specializing in regulated disclosure documents. Southern Company ranked sixth for overall corporate disclosure.
The rankings compared the efficacy of corporate disclosure documents among the top S&P 250 companies trading on the New York Stock Exchange or Nasdaq, as determined by market capitalization.
Southern Company also ranked second for Best Investor Relations Website. The investor relations website for each company clearly identifies a Sustainability or Corporate Responsibility section that is accessible from the IR homepage and also gives readers access to the company's latest earnings presentations and current bylaws.
"It is a tremendous honor for Southern Company to be recognized for excellence in our corporate disclosure communications," said Jim Kerr, executive vice president, chief legal officer and chief compliance officer for Southern Company. "We take great pride in producing clear and comprehensive disclosures that address the information investors are seeking and are also easy for shareholders to access and understand."
The U.S. Transparency Awards focus on the criteria of accessibility, accuracy, comparability and availability. Rankings were determined through review of annual proxy statements, annual reports on Form 10-K, investor relations websites, and, for the first time, codes of conduct.
"Each year the Transparency Awards criteria evolve and become more specific as the needs of the investor community grow. More than 32,000 data points were collected and reviewed to determine this year's winners and overall ranking," says Molly Doran, director of advisory & design services at Labrador. "By analyzing disclosure based on the four pillars of transparency, we are able to demonstrate the extent of a company's commitment to improving the quality and completeness of information that is available to investors. These rankings should encourage companies to adapt and innovate how they communicate to their shareholders."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/26/202010/22/2020 - Georgia Power achieves latest round of Vogtle milestones, lays out final steps to completion of Unit 3
Georgia Power achieves latest round of Vogtle milestones, lays out final steps to completion of Unit 3
Source: PR Newswire
ATLANTA, Oct. 22, 2020 /PRNewswire/ -- Georgia Power today announced in a filing with the Georgia Public Service Commission the completion of the latest round of milestones at the Vogtle nuclear expansion project, along with an update on the remaining Unit 3 major milestones.
The filing supports the company's 23rd Vogtle Construction Monitoring (VCM) Report that covers the period January 1, 2020, through June 30, 2020, and can be found here. The filing provides the project's current status of construction, systems testing, and pre-operational activities. Earlier this week, Vogtle Unit 3 completed cold hydro testing. Unit 3 construction is now approximately 94% complete. The site now shifts its focus to one of the last major milestones remaining for Unit 3, hot functional testing. This series of tests is the last critical step before fuel load and ultimately in-service operation.
For the past three years, the project has been following an aggressive site working plan as a tool to build schedule margin to and ultimately meet the November 2021 regulatory-approved in-service date for Unit 3. Considering the milestone progress to date and stage of construction completion, the project is shifting its Unit 3 schedule from an aggressive tool to a working plan that is reflective of the site's current expectations. The Unit 3 working plan now reflects the site's current expectations for upcoming milestones, taking into account experience, trends, and assumptions for future productivity, ongoing measures necessary due to COVID-19, and the transition from a construction site to an operating plant and are as follows:
Georgia Power continues to expect to meet its commitment to achieve the regulatory-approved in-service dates for both Units (November 2021 for Unit 3 and November 2022 for Unit 4). For Unit 3, Georgia Power expects hot functional testing can start as late as the end of March 2021, and fuel load can occur as late as mid-year 2021 to allow the site to meet the November regulatory-approved in-service date. The project continues to employ an aggressive site work plan for Unit 4 as a tool to build schedule margin to and ultimately meet the November 2022 regulatory-approved in-service date, with the in-service date under the plan adjusting one month to June 2022.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle units 3 and 4 and expected job creation and rate impacts. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
10/22/202010/19/2020 - Georgia Power launches new careers website for students as part of Careers in Energy Week
Georgia Power launches new careers website for students as part of Careers in Energy Week
Source: PR Newswire
ATLANTA, Oct. 19, 2020 /PRNewswire/ -- Georgia Power is joining electrical utilities across the country to highlight Careers in Energy Week, October 19-23. As part of this year's efforts, the company is launching poweringcareers.com, a new career website where high school students, recent graduates and career influencers can explore energy careers.
Careers in Energy Week is dedicated to celebrating and raising awareness of energy careers and their importance to our communities, state and nation.
Visitors to the site can find details on careers in power generation, transmission and operations as well as technical training, certification programs and aptitude assessments to help them prepare for career success.
"At Georgia Power, we are committed to investing in programs and resources that help build a talent pipeline to support our state's growing economy," said Joseph Lillyblad, Georgia Power education and workforce development manager. "The energy industry and its skilled lineworkers, technicians, engineers and plant operators continue to be critically important to Georgia's growth. Careers in Energy Week provides us a platform to create more awareness and interest in these vital jobs."
As part of the weeklong focus, Georgia Power will also host a "Day in the Life" virtual journey of five careers in energy. The event will give attendees an opportunity to learn about various careers offered by Georgia Power. Those interested can follow along here on Tuesday, October 20, or on the company's Instagram (Instagram.com/ga_power) this week.
Efforts in Workforce Development
Georgia Power has long recognized that workforce development is the number one driver for new and expanding industries. All year long, the company's workforce development team partners with schools across Georgia to be sure students are prepared for and aware of the jobs of tomorrow, helping equip teachers to talk to their students about future careers in energy. Through partnership efforts with organizations like the Technical College System of Georgia, the state's nationally ranked colleges and universities, and more, Georgia Power is helping to fill great jobs with a highly trained, skilled workforce.
For more on the company's economic development and workforce development efforts, visit www.selectgeorgia.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/19/202010/19/2020 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, Oct. 19, 2020 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 64 cents per share on the company's common stock, payable Dec. 7, 2020, to shareholders of record as of Nov. 16, 2020.
Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/19/2020Georgia Power completes Cold Hydro Testing on Vogtle Unit 3
Source: PR Newswire
ATLANTA, Oct. 19, 2020 /PRNewswire/ -- Georgia Power today announced the completion of cold hydro testing for Vogtle Unit 3 at the company's nuclear expansion project near Waynesboro, Ga. Vogtle Unit 3 construction is now approximately 94% complete, with the total Vogtle 3 & 4 expansion project approximately 88% complete. The completion of the cold hydro testing milestone prepares the site for the last major test remaining for Unit 3, hot functional testing, ahead of initial fuel load.
"Every milestone achieved at the Vogtle 3 & 4 project represents another major step towards operations of the first new nuclear units in the U.S. in more than 30 years," said Paul Bowers, chairman, president and CEO of Georgia Power. "Completion of cold hydro testing not only helps pave the way for initial fuel load, it also moves us closer to bringing online a carbon-free asset that will provide clean energy for our customers, our state and the country for the next 60 to 80 years."
Cold hydro testing of Unit 3 confirmed the reactor's coolant system functions as designed and verified the welds, joints, pipes and other components of the coolant system and associated high-pressure systems do not leak when under pressure. As part of the testing, the reactor coolant system was filled with water and pressurized above-normal operating conditions, then lowered to normal design pressure while comprehensive inspections were conducted to verify the systems meet design standards.
Georgia Power continues to expect to meet the November 2021 and November 2022 regulatory-approved in-service dates for Units 3 and 4, respectively.
Reactor Coolant Pump Completes First Run
The Vogtle 3 & 4 project also successfully started up the first reactor coolant pump (RCP) on Unit 3, marking a first for both the project and for an AP1000 in the U.S. This initial run verifies the RCP operates as designed. During operations, the RCPs will circulate water through the reactor vessel and steam generators, providing forced flow of the reactor coolant through the reactor core, to the steam generator and then back again to support operations.
Vogtle 3 & 4 Operators Receive Licenses
Additionally, the Nuclear Regulatory Commission (NRC) has issued the first operator licenses to 62 Reactor and Senior Reactor Operators for Vogtle 3 & 4. To receive a nuclear operator license from the NRC, license holders must demonstrate they possess the required knowledge, skills and abilities to safely and effectively operate the plant.
The multi-year process for obtaining an operator license begins with extensive training in reactor theory, thermodynamics and system operation in the classroom and field. The operators spend months in the Main Control Room simulator running various scenarios under normal and emergency conditions to help ensure that the operators can safely respond to any issue or event. This process culminates with a two-week examination administered by the NRC.
2020 Milestones Achieved
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Benefits to Customers
The new Vogtle units are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses and provide customers with a new carbon-free energy source that is expected to put downward pressure on rates for 60 to 80 years. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
Photos Highlight Progress
Follow the progress being made at the site of the nation's first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of construction and future operation of Plant Vogtle units 3 and 4 and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
10/19/2020Georgia Power employees have raised more than $2 million in support of cancer research
Source: PR Newswire
ATLANTA, Oct. 15, 2020 /PRNewswire/ -- For the past 23 years, Georgia Power employees have gathered every spring for the company's Run for the Reason event – a three-day, 350-mile relay run from Atlanta to St. Simon's Island – in support of the American Cancer Society's (ACS) research center. This year, employees, families, friends and supporters have donated more than $35,000 during the pandemic, and more than $2 million since the event's inception in 1997.
When the COVID-19 pandemic halted all events and social gatherings last March, participants in the annual relay made a commitment to continue fundraising in a virtual environment, with one hundred percent of donations going directly to critical research needs. Race participants and fundraisers often do so in honor of a loved one that has or is battling cancer, while many are survivors themselves.
"While the pandemic may have changed how we volunteer and fundraise, it hasn't changed our team's commitment to being a citizen wherever we serve," said Sloane Drake, senior vice president of Human Resources at Georgia Power and executive champion for Run for the Reason. "We're incredibly proud of how our employees have continued to support deserving organizations such as ACS through creative virtual and socially distanced events. Their efforts ensure we can continue to make a difference in the lives of our loved ones, friends, co-workers and neighbors during these challenging times."
In addition to funds raised through "Run for the Reason," Georgia Power employees also supported ACS' annual "Relay for Life" nationwide events virtually this year. Several Citizens of Georgia Power volunteer chapters raised more than $23,000 that will also benefit research and resources needed to support cancer survivors during this vulnerable time.
ACS estimates that there will be 1.8 million new cancer cases diagnosed and 606,320 cancer deaths in the United States this year. Since 1946, the nonprofit has invested more than $4.9 billion in research to find better treatments, potential causes and to help improve the quality of life for patients.
The community can continue to support Georgia Power's virtual cancer research fundraiser through the end of the year by visiting the American Cancer Society's donation page and selecting "I want to support my local event."
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/15/2020Georgia Power rate plans provide customers options to help keep energy costs low
Source: PR Newswire
ATLANTA, Oct. 14, 2020 /PRNewswire/ -- Georgia Power is reminding customers that as the seasons change, now is a great time to review your current rate plan and ensure that you are on the one that best fits your budget and lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low. Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing:
Resources for customers
Whether customers own a home or rent, tailored energy-savings tips are available at www.GeorgiaPower.com/Save, which also includes access to a free Online Energy Checkup.
The 15-minute quick and easy service provides a customized report to help customers understand their energy use and find ways to save money where you can use your actual power bills to generate a customized report. You will enter information about your home and family to measure how you use energy. This site also includes access to a variety of rebates and incentives for both homes and businesses.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/14/2020Georgia Power encourages customers to choose the right trees and shrubs this fall
Source: PR Newswire
ATLANTA, Oct. 12, 2020 /PRNewswire/ -- Georgia Power works every day to keep reliability high across the state and, during fall planting season, reminds customers that making the right landscaping choices can decrease the likelihood of a power outage.
During summer thunderstorms and winter ice storms, and even sunny days, tree limbs that come in contact with power lines can interrupt service. Ensuring that power lines are clear of trees and brush also provides easier access to the company's power lines, which means quicker restoration of power during storms.
As shown in the accompanying illustration, Georgia Power recommends dividing your yard into three specific planting zones:
With fall planting, Georgia Power also reminds customers of the importance of calling 811 before they dig. The company works with Georgia 811 to ensure that projects are safe and comply with the "Georgia Dig Law." The law requires that workers contact Georgia 811 before digging to have all underground utility lines (such as power, communications, gas and water lines) clearly marked. Georgia residents can call the free service at 8-1-1 or (800)-282-7411, or submit an electronic request at www.Georgia811.com.
In addition to helping customers select the right trees and shrubs to plant, Georgia Power maintains 160,000 line acres and 24,000 miles of transmission and distribution lines under guidelines set by the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC). These maintenance activities are an essential part of the company's commitment to ensuring reliable service for 2.6 million customers in every corner of the state.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/12/2020Georgia Power crews scheduled to assist with Hurricane Delta recovery
Source: PR Newswire
ATLANTA, Oct. 9, 2020 /PRNewswire/ -- As Hurricane Delta nears landfall along the Gulf Coast, Georgia Power is ready to respond and support Mississippi Power. Approximately 150 Georgia Power personnel and 150 contract teams are traveling to the state today. Georgia Power continues monitoring the changing weather around the clock and coordinates with other utilities to field requests for assistance through the mutual assistance network.
With each request for assistance, the company ensures that it has sufficient coverage to respond to any potential local service interruptions.
The mutual assistance network consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to tap into this mutual assistance network if additional resources are needed to help restore power to Georgia Power customers following a major storm.
The company requested and received assistance from other utilities during several major storms that impacted Georgia Power customers previously including Hurricanes Michael and Irma.
Storm Response Pandemic Preparations
Georgia Power teams are prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/9/2020Georgia Power offers electrical safety tips during National Fire Prevention Week
Source: PR Newswire
ATLANTA, Oct. 9, 2020 /PRNewswire/ -- Georgia Power is highlighting National Fire Prevention Week – from Oct. 4-10 – as a time to spotlight ways to prevent in-home fires and develop an escape plan should a fire occur. According to the Electrical Safety Foundation, in-home electrical issues are the second leading cause of home fires nationwide, with more than 13% of structure fires attributed to electrical issues from 2012–2016.
Georgia Power offers the following electrical safety tips during National Fire Prevention Week and year-round:
Safety is a core value for Georgia Power and knowing electrical safety in and around your home helps to keep preventable accidents from happening. For more tips on keeping your home and family safe, visit www.GeorgiaPower.com/Safety.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/9/2020Save money and score energy savings this Energy Efficiency Day
Source: PR Newswire
ATLANTA, Oct. 7, 2020 /PRNewswire/ -- To mark Energy Efficiency Day, Georgia Power is reminding customers that small changes around the house now can deliver big energy savings during colder months ahead.
Energy Efficiency Day tips from Georgia Power this fall include:
Georgia Power Marketplace
Georgia Power offers a full suite of energy efficient options for your home on our Marketplace. You'll find easy access to products to help make your home more energy efficient and connected. The company brings together popular products, including the latest in smart thermostats, LEDs and devices such as smart speakers, smoke alarms, advanced power strips, water-saving devices and air purifiers to a single convenient online portal on www.GeorgiaPowerMarketplace.com.
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy efficiency tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Additionally, Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/7/2020Georgia Power continues to make progress on ash pond closures
Source: PR Newswire
ATLANTA, Oct. 6, 2020 /PRNewswire/ -- Georgia Power today announced the latest progress on its plan to safely close all 29 ash ponds at 11 active and retired coal-fired power plant sites across the state. The company is in the process of completely excavating 19 ash ponds with the remaining 10 being closed in place using proven engineering methods and closure technologies.
Significant closure progress has been made with extensive construction activities completed or well underway at 19 ash ponds that includes dewatering, excavation, installation of specialized engineered controls and site restoration. Detailed engineering design and early site preparation is progressing for the remaining ponds.
"As Georgia Power continues to make significant progress on our plans to safely close all of our ash ponds, our focus remains on protecting the environment and our surrounding communities," said Dr. Mark Berry, vice president of Environmental and Natural Resources for Georgia Power. "As part of our ash pond closure efforts, Georgia Power is driving innovation to identify new ways to reuse coal ash that are beneficial to our customers and communities, including opportunities for recycling stored coal ash from existing ash ponds."
Progress milestones include:
Georgia Power first announced plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. Georgia Power's ash pond closure plans fully comply with the federal Coal Combustion Residual (CCR) rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the Georgia Environmental Protection Division will approve all actions to help ensure ash pond closures are protective of water quality.
Protecting Water Quality
Since 2016, Georgia Power has installed more than 550 groundwater monitoring wells around its ash ponds and on-site landfills to actively monitor groundwater quality to help ensure the company is being protective of lakes, rivers and drinking water. In 2020 alone, there have been 1,292 groundwater samples collected and 54 groundwater reports completed.
Third-party professional engineers and geologists direct the appropriate placement of monitoring wells for Georgia Power based on site-specific geology. Independent, third-party professionals perform sampling, with analysis by accredited, independent laboratories.
Monitoring is being conducted in compliance with federal and state laws and regulations. The first round of testing was completed with results published in August 2016, more than 18 months ahead of federal requirements, and the company continues to post testing results on Georgia Power's website and report them to Georgia EPD.
Dewatering Process
The dewatering process marks a significant step towards completing the ash pond closure process and is now underway at six sites: Plants Bowen, McDonough, McManus, McIntosh, Branch and Yates, with plans approved by Georgia EPD for Plants Mitchell and Hammond. Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to help ensure that it meets the requirements of the plant's wastewater discharge permits approved by the EPD and is protective of applicable water quality standards.
Beneficial Reuse
This year, Georgia Power announced plans at its retired Plant Mitchell site to remove stored coal ash for beneficial reuse, marking the first time that stored ash from existing ash ponds at sites in Georgia have been excavated for beneficial reuse as part of an ash pond closure project. Over the next several years, approximately two million tons of ash are planned to be removed from the onsite ash ponds to help create Portland cement, which is used to make concrete. Through July 2020, approximately 11,100 tons of ash have already been removed for this purpose.
Georgia Power is also requesting proposals for the beneficial reuse of coal ash stored at active and retired coal-fired power plants across the state. While Georgia Power already recycles more than 85 percent of all ash and gypsum, including more than 90 percent of fly ash, it produces from current operations, the company is seeking to identify opportunities for the beneficial reuse of stored coal ash. Today, most of the coal ash Georgia Power produces is recycled for various beneficial uses, such as Portland cement, concrete and cinder blocks. The company is committed to seeking new beneficial reuse opportunities for the coal ash stored at active and retired plants, while continuing to permanently and safely close all of its ash ponds around the state.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning ash pond closure and ash removal plans. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Georgia Power's Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax, environmental, and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities or other projects; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting procurements issued periodically by standard-setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
10/6/2020Southern Company third-quarter earnings to be released Oct. 29
Source: PR Newswire
ATLANTA, Oct. 6, 2020 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2020 by 7:30 a.m. EDT on Thursday, Oct. 29th.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Thursday, Oct. 29th.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/6/2020Georgia Power celebrates literacy during Georgia Pre-K Week
Source: PR Newswire
ATLANTA, Oct. 5, 2020 /PRNewswire/ -- Georgia Power has partnered with the nonprofit organization Voices for Georgia's Children for the seventh consecutive year to celebrate Pre-K Week across the state. Unlike previous years, this year's tenth annual celebration will be completely virtual due to the COVID-19 pandemic.
Although virtual, elected officials including the Governor, business and community leaders, as well as Georgia Power representatives will read to students throughout the week.
Georgia Power is also unveiling a new children's book, Look Now, Wonder, Wow, during Georgia Pre-K Week. The book is part of the company's Learning Power program; a statewide education initiative focused on science, technology, engineering and math (STEM) subjects and designed to bring energy education to the classroom.
"Reading programs such as Georgia Pre-K week help provide the building blocks to academic success, and this special week raises awareness of the importance of quality early education in our state," said Joseph Lillyblad, Georgia Power education and workforce development manager. "Georgia Power is committed to supporting literacy and STEM-based programs throughout the state to help ensure the brightest possible future for its citizens."
Last year Georgia Power education coordinators engaged with more than 4,000 students to bring literacy and STEM activities to the classroom during the month of October.
"This year's support by Georgia Power, and other public and private organizations, sends an especially powerful statement: quality early education is essential, even in a virtual environment," said Dr. Erica Fener Sitkoff, Executive Director of Voices for Georgia's Children. "For seven years, Georgia Power has played a vital role in raising awareness in the importance of a solid start for the state's youngest learners."
Georgia Power's Learning Power Program
Georgia Power is in classrooms across the state all year long, not just during Pre-K Week. In fact, Georgia Power's Learning Power program has reached more than 790,000 plus students in grades Pre-K through High School since its inception in 2011. Through the program, education coordinators visit Georgia schools to present hands-on, STEM-related energy and energy efficiency lessons that reinforce Georgia Standards of Excellence and make students, educators and parents aware of energy and efficiency opportunities and careers. During the COVID-19 pandemic, Learning Power is offering virtual lessons. For more information visit www.learningpower.org.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/5/2020Georgia Power encourages its 7,000 employees across the state to vote
Source: PR Newswire
ATLANTA, Oct. 2, 2020 /PRNewswire/ -- With the November 3 general election approaching, Georgia Power encourages all employees to take part in the upcoming election and cast their vote. To assist employees, as well as customers, in the voting process, the company is providing voter information resources that are easily accessible for all voters. The company is also reminding employees to continue following COVID-19 safety measures closely when voting, including practicing social distancing and wearing facial coverings.
"At Georgia Power, we believe in being a citizen wherever we serve – engaging with and supporting communities across the state," said Paul Bowers, chairman, president and CEO of Georgia Power. "One of the most fundamental ways our employees can continue that commitment is to get out and vote. It's important that each of us make our voices heard by casting a ballot to help shape our future, and that's exactly what we're encouraging our team to do."
The company has assembled the following sites from the State of Georgia and the Secretary of State in one place to provide voter information resources where you can find key election dates, learn how to register to vote, identify your polling location or secure an absentee ballot, and view your sample ballot.
Voter Information Resources:
State of Georgia voter resource page: www.georgia.gov/voting
Secretary of State on-line voter registration: https://registertovote.sos.ga.gov/GAOLVR/welcome.do#no-back-button
State of Georgia/Secretary of State absentee ballot registration: https://georgia.gov/vote-absentee-ballot
Secretary of State "My Voter" page https://www.mvp.sos.ga.gov/MVP/mvp.do
In order to vote in this year's general election, individuals must have registered by October 5. Early voting begins on Monday, October 12, and lasts through Friday, October 30. Voters are encouraged to vote early, if possible, to help with social distancing during the COVID-19 pandemic and to help avoid long lines on Election Day, November 3.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/2/2020Georgia Power customers to see $18 reduction on October bills
Source: PR Newswire
ATLANTA, Oct. 1, 2020 /PRNewswire/ -- Georgia Power's typical residential customer using 1,000-kilowatt hours per month, will receive an estimated $13 credit on their Georgia Power bill this month. This reflects implementation of a one-time $61.6 million credit for customers, approved in September by the Georgia Public Service Commission (PSC), as a result of Georgia Power's 2019 financial results.
Pairing the October credit with lower fuel rates implemented at the start of summer, the typical residential customer will see a reduction of more than $18 this month.
The amount each customer receives will vary based on their 2019 usage. Georgia Power will apply the credit to October bills for customers who had active accounts as of December 31, 2019, and are still active or receiving a final bill as of October 2020. This is the third credit that customers will receive this year, totaling more than $46 for the typical residential customer.
Relief on summer bills
In June, the typical residential customer received an $11.29 credit on their June Georgia Power bill. This credit reflected the implementation of a $51.5 million credit for customers, approved by the Georgia PSC, as a result of Georgia Power's 2018 financial results.
Additionally, the Georgia PSC approved in May, Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period, and lower the total monthly bill by approximately $5.32 for the typical residential customer beginning June 1, 2020. Customers received a special interim reduction to provide additional relief during the COVID-19 pandemic through even lower fuel rates over the 2020 summer months. The lower fuel rate and special interim reduction lowered the total bill of a typical residential customer by a total of $10.26 per month from June through September 2020.
February bill credit due to 2017 tax law savings
Customers also received a credit of approximately $22 on their February Georgia Power bill as a result of the third and final bill credit associated with the Tax Cuts and Jobs Act of 2017, resulting in credits totaling $106 million.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure clean, safe, reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/1/2020Save money and energy during fluctuating fall temperatures
Source: PR Newswire
ATLANTA, Sept. 29, 2020 /PRNewswire/ -- Georgia Power reminds customers that small changes around the house can deliver big energy and monthly savings during fall's fluctuating temperatures and throughout the year.
Fall energy-saving tips from Georgia Power include:
Rate options to fit customers' budgets and lifestyles
Now is also a great time to review your current Georgia Power rate plan and ensure that you are on the one that best fits your budget and lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low. Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing:
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy efficiency tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. The company also offers customers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com.
Additionally, Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/save-money-and-energy-during-fluctuating-fall-temperatures-301140181.html
SOURCE Georgia Power
Article Date
9/29/2020Georgia Power set to electrify portions of its vehicle fleet
Source: PR Newswire
ATLANTA, Sept. 28, 2020 /PRNewswire/ -- Georgia Power is set to electrify portions of its vehicle fleet as part of a corporate-wide, internal fleet electrification goal. Southern Company, the utility's corporate parent, today announced plans to convert 50 percent of its system fleet vehicles across the auto/SUV/minivan, forklift and ATV/cart/miscellaneous segments by 2030.
"Our company has long been committed to growing EV infrastructure across the state and supporting customers and businesses looking to go electric," said Nicole Faulk, Georgia Power's senior vice president for corporate and customer services. "We're pleased to take that experience and evolve our fleet internally through electrification. As Southern Company's largest subsidiary, the electrification of Georgia Power's fleet will play a significant role in helping us achieve this goal corporate-wide."
The internal fleet goal is part of a larger focus on electrification of the transportation industry and commitment to sustainability and clean energy.
Now offered by most major manufacturers, electric vehicles (EVs) continue to advance in range, performance and features. They are known to be better for the environment, have a lower cost of ownership than petroleum vehicles and, with their domestic energy source, promote local jobs.
Continued Investments in EV Infrastructure
With more EVs on Georgia highways every day, Georgia Power is committed to assisting customers with their EV energy needs and advancing Georgia as a top EV-friendly state. The company continues to invest in EV infrastructure statewide and will invest $6 million over the next three years in fast-charging EV infrastructure for the public.
To date, Georgia Power has installed 41 fast-chargers in locations across the state. The installation represents the newest technology in EV fast chargers, offering charging speeds up to 125kW – adding 100 miles in 12 minutes – dual dispensers and power sharing capability. These investments further enable electric vehicle adoption and the connection of communities across Georgia.
EV Resources for Customers
In addition to developing public charging infrastructure, the company is committed to explaining the benefits of EV ownership and making the decision to switch easier than ever by providing customers with the resources they need to learn more about the benefits and potential savings of driving electric. By visiting www.GeorgiaPower.com/EV, customers have access to information on:
Georgia Power also offers EV charger rebates for business and residential customers, an online calculator to help customers find out how much driving electric may save them and a special rate for EV customers. The company's Plug-in Electric Vehicle rate offers lower prices from 11 p.m. – 7 a.m. to encourage nighttime EV charging.
To learn more about driving electric with Georgia Power, customers can also join Georgia Power's social EV communities on Facebook and Twitter (@GeorgiaPowerET).
National Drive Electric Week
National Drive Electric Week, recognized Sept. 26-Oct. 4 this year, is a nationwide celebration to raise awareness of all-electric and plug-in hybrid, trucks, motorcycles and more. To celebrate, Georgia Power and Clean Cities–Georgia will join the EV Club of the South for the "Drive Electric Georgia Virtual Showcase" on Thursday, Oct. 1 from 5:00 – 6:30 p.m. EST. Interested participants and EV enthusiasts can register for free on Eventbrite.
This year's virtual showcase will include mini sessions that highlight facts and myths of EV ownership, vehicles coming on the market and different charging options to meet your home, work and community needs. To learn more about National Drive Electric Week, visit www.driveelectricweek.org.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/28/2020Southern Company announces internal fleet electrification goal
Source: PR Newswire
ATLANTA, Sept. 28, 2020 /PRNewswire/ -- Southern Company today announces an internal fleet electrification goal as part of National Drive Electric Week 2020. The company plans to convert 50 percent of its electric companies' fleet vehicles in the auto/SUV/minivan, forklift and ATV/cart/miscellaneous equipment segments to electric by 2030.
In May, Southern Company announced a goal of net zero greenhouse gas emissions by 2050.
The internal fleet goal released today is part of a larger focus on electrification of the transportation industry and commitment to sustainability and clean energy.
"Moving people and goods with electricity represents a substantial opportunity for our customers, communities and the environment. From setting our own internal fleet electrification goals to working with businesses on solutions for their fleets, at Southern Company we're driving electric to integrate value and sustainability," said Nicole Faulk, Georgia Power senior vice president for corporate and customer services.
National Drive Electric Week, Sept. 26-Oct. 4, is a nationwide celebration to raise awareness of all-electric and plug-in hybrid, trucks, motorcycles and more. They are better for the environment, have a lower total cost of operation than gasoline or diesel vehicles, are fun to drive, promote local jobs and reduce our independence on foreign oil.
Lincoln Wood, electrification policy manager at Southern Company, said converting to electric is a win-win for drivers and businesses.
"Electricity powers nearly every aspect of our lives, and we're bringing that sustainable energy to transportation. Electric vehicles and equipment are clean, efficient, economical, and quiet, create U.S. jobs and contribute to energy independence," Wood said. "By combining our affordable electricity rates with our electric transportation programs, we help communities and businesses reduce their cost and environmental impact. Customers save on fueling their transportation needs, while commercial businesses increase efficiency by using electricity to transport their goods."
For more about the electric future of transportation and Southern Company's involvement, click here.
Plug In America created National Drive Electric Week. More information and resources can be found at drivelectricweek.org.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
9/28/2020Virginia Natural Gas acts to secure savings for customers through infrastructure upgrades and gas procurement strategies
Source: PR Newswire
VIRGINIA BEACH, Va., Sept. 28. 2020 /PRNewswire/ -- United States natural gas consumption has two seasonal peaks, largely reflecting hot and cold weather-related fluctuations in energy demand. This summer, Virginia Natural Gas has been working to meet the energy needs of customers ahead of the peak for the upcoming heating season.
Completing key infrastructure projects that ensure reliable gas supply to the entire service territory and taking advantage of low commodity prices driven by the pandemic are two ways Virginia Natural Gas (VNG) is preparing for increased energy demand during colder weather. VNG has been building stockpiles by purchasing and storing natural gas, locking in lower commodity costs ahead of the heating season to help keep customers' costs low.
"We're always exploring ways to reduce costs and drive efficiencies to save money for our customers," said Ken Yagelski, director, Gas Supply. "When demand increases in the winter, every customer deserves peace of mind that we will be there to keep their homes warm and their businesses running at an affordable cost."
VNG continues to make meaningful investments in critical infrastructure upgrades essential to providing reliable service when demand increases as the temperatures go down, such as the Southside Connector, which became operational in late 2019.
Since the Southside Connector was placed into service, the project has saved VNG customers an estimated $2.5 million in natural gas costs by providing the company the ability to shift its gas purchases to lower-priced sources.
The Southside Connector, a nearly eight-mile pipeline, connected Hampton Roads' two existing main sources of natural gas supply. It now provides the entire service territory with improved access to natural gas through an additional feed and helps ensure a more reliable gas supply for the region throughout the year and the cold months ahead.
While the project was designed to improve the reliability of natural gas service to Hampton Roads, it also provides the benefit of enhanced optionality for gas supply purchases to help make certain customers receive the lowest priced natural gas available.
"We're making investments in modernizing and improving our gas infrastructure, so customers' energy needs are met safely and reliably now and well into the future," added Robert Duvall, president of Virginia Natural Gas. "This particular investment in the Southside Connector, and other reliability and resiliency projects, will help us to continue to deliver safe, affordable, and clean natural gas to our customers."
Along with infrastructure upgrades, VNG continues to purchase and store natural gas while the prices remain low.
The spring of this year marked one of the roughest patches for the oil and natural gas industry due to the coronavirus (COVID-19). Stay-at-home orders due to the pandemic slashed crude oil consumption to decade lows, resulting in lower production of associated natural gas, which is natural gas produced by oil wells.
However, even with oil production slightly declining the first half of the year, VNG was still able to purchase lower-priced natural gas. The natural gas has been stored during the warm summer months and will be withdrawn to meet the higher customer demand experienced in the colder winter months.
"The purchase and storage of natural gas means VNG customers can depend on a reliable source of energy at a cost they can afford," said Yagelski. "The abundance of natural gas supply has kept prices low, which is important for families to save on energy costs, and business owners to make greater investments due to reduced operating costs. We've been able to buy gas for customers when prices have been at their lowest, store it for later use and pass on those savings directly to our customers."
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia and has been recognized as one of the safest, most reliable and customer-focused natural gas service providers. Consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates, the company has also been recognized by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association for its safety, community outreach and educational programs, and was named Local Distribution Company for three consecutive years. Virginia Natural Gas has been ranked by its business customers as being one of the most Trusted Business Partners in the utility industry according to Cogent Reports, and as one of the Top Workplaces in Hampton Roads by Inside Business. For more information, visit virginianaturalgas.com and connect with the company on Facebook, Twitter and Instagram.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Virginia Natural Gas
Article Date
9/28/20209/18/2020 - Southern Company announces redemption of Series 2015A 6.25% Junior Subordinated Notes due October 15, 2075
Southern Company announces redemption of Series 2015A 6.25% Junior Subordinated Notes due October 15, 2075
Source: PR Newswire
ATLANTA, Sept. 18, 2020 /PRNewswire/ -- Southern Company today announced the redemption, on October 20, 2020 (the "Redemption Date"), of all $1 billion aggregate principal amount of its Series 2015A 6.25% Junior Subordinated Notes due October 15, 2075 (the "Notes") (NYSE: SOJA). The redemption price will be 100% of the principal amount of the Notes ($25.00 per $25.00 in principal amount) plus accrued and unpaid interest to the Redemption Date.
The quarterly interest payment due on October 15, 2020 will be paid in the ordinary course to holders of record as of October 14, 2020.
Questions relating to the redemption and requests for copies of the related notice of redemption should be directed to Wells Fargo Bank, National Association, the paying agent for the Notes, at 1-800-344-5128. The address of the paying agent is Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street, Minneapolis, MN 55402.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
9/18/2020Georgia Power restores power to nearly 90,000 customers following Hurricane Sally; announces estimated restoration times for those remaining
Source: PR Newswire
ATLANTA, Sept. 17, 2020 /PRNewswire/ -- Georgia Power made significant progress Thursday after the remnants of Hurricane Sally made its way across the state. With efforts beginning overnight, Georgia Power personnel continue working to restore power for customers statewide.
As of Thursday afternoon, Georgia Power has restored power to approximately 88,000 customers since midnight. At 5 p.m., there were 337 individual outage cases, affecting approximately 9,800 of Georgia Power's 2.6 million customers without power.
Regional estimated restoration times (ERTs) following Hurricane Sally have also been announced. The estimated ERTs for 95% of affected customers who are able to receive electric service in the following areas are:
Most scattered outages in other areas should be restored this evening.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric system. This advanced technology allows the company to reroute and restore power where possible, even when weather conditions prevent outside work by crews. Work in the field began when safe to do so, based on local conditions. Teams faced challenging conditions such as heavy rain, gusting winds and downed trees that required clearing to continue work. Crews are expected to remain in the field working to restore the majority of outages into the night.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/17/2020Georgia Power responds to outages after Hurricane Sally crosses the state
Source: PR Newswire
ATLANTA, Sept. 17, 2020 /PRNewswire/ -- Georgia Power's restoration efforts began overnight and continue today after the remnants of Hurricane Sally made its way across the state. Georgia Power personnel continue to work around the clock and are responding to approximately 675 individual cases of damage, resulting in approximately 28,000 customers without power as of 11 a.m. EDT.
Outages are spread across the entire state, and as some strong winds continue as the storm exits the state, additional scattered outages may occur.
As weather conditions begin to improve, crews will work as quickly and safely as possible to repair damage and restore power.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage or submerged in water or mud.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/17/2020Georgia Power crews scheduled to assist with Hurricane Sally recovery
Source: PR Newswire
ATLANTA, Sept. 16, 2020 /PRNewswire/ -- As Hurricane Sally makes its way across Alabama, Georgia Power is ready to respond after receiving requests for assistance from Alabama Power, a Southern Company subsidiary. Due to the strength of the Southern Company system, personnel and key resources can be quickly and safely moved between system companies to assist with storm restoration. Georgia Power crews and support teams will travel to impacted areas as weather permits, while the company continues monitoring the changing weather conditions and adjusts plans and responses as needed.
Georgia Power also coordinates with other utilities through the mutual assistance network. The network consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to request additional resources to help restore power to Georgia Power customers following a major storm.
With each request for assistance, the company ensures that it has sufficient coverage to respond to potential local service interruptions in Georgia. Currently, Georgia Power has contributed approximately 500 company and contractor personnel to assist with restoration efforts in Alabama.
As severe weather approaches Georgia, the company is able to pull resources from areas less affected by the storm and redirect them to areas needing help, all with the goal of restoring service as quickly and safely as possible.
Georgia Power reminds customers to keep safety first during hurricane season and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
Storm Response Pandemic Preparations
Georgia Power teams are prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/17/2020Energy Policy Expert Colette Honorable to Join Southern Company Board of Directors
Source: PR Newswire
ATLANTA, Sept. 16, 2020 /PRNewswire/ -- The Board of Directors of Southern Company today announced the election of Colette D. Honorable as an independent director, effective Oct. 1, 2020. Honorable will join the Business Security and Resiliency Committee, and the Finance Committee.
"Colette has extensive energy policy and regulation experience at the local, state and national level. Her knowledge will fortify Southern Company's position as a leader in the advancement of ideas and positions in the private and public arenas that are beneficial to customers, communities, employees and stockholders," said Southern Company chairman, president and CEO Thomas A. Fanning. "The addition to our board of someone of Colette's caliber is further evidence of the importance we place upon corporate governance, risk oversight, board refreshment, transparency and diversity."
Honorable currently is a partner at Reed Smith LLP where she is a member of the firm's Energy and Natural Resources Group and leads the energy regulatory practice. Based in Washington, DC, Honorable serves as chair of the office's Women's Initiative Network and is a member of the firm's Sustaining and Training African Americans business inclusion group.
Nominated by President Barack Obama in August 2014 and unanimously confirmed by the U.S. Senate, Honorable served as a FERC commissioner from Jan. 2015 to June 2017. Prior to joining FERC, Honorable joined the Arkansas Public Service Commission (PSC) as a commissioner in Oct. 2007, served as interim chair in 2008, and led the PSC as chair from Jan. 2011 to Jan. 2015. During this time, Honorable focused the PSC on comprehensive energy efficiency programs and ensuring safe, reliable and affordable retail electric service. Honorable also served as president of the National Association of Regulatory Utility Commissioners from 2013 to 2014, becoming that organization's first African-American president.
Honorable's experience includes service in a number of state government executive roles, including chief of staff to the Arkansas Attorney General, a member of the governor's cabinet and as special judge of the Pulaski County Circuit Court.
Regarded as a thought leader across the global energy policy landscape, Honorable currently is a nonresident senior fellow with The Brookings Institution, a senior fellow with the Bipartisan Policy Center, an ambassador for DOE Clean Energy Education & Empowerment Initiative and serves on the global advisory board of Energy Futures Initiative.
A native of Arkansas, Honorable is a graduate of the University of Memphis and received a Juris Doctor from the University of Arkansas at Little Rock School of Law, where she later served as an adjunct professor.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
9/16/20209/15/2020 - Georgia Power prepares for Hurricane Sally
Georgia Power prepares for Hurricane Sally
Source: PR Newswire
ATLANTA, Sept. 15, 2020 /PRNewswire/ -- As Hurricane Sally tracks through the Gulf of Mexico, with forecasts of an eastward turn toward Georgia after landfall, Georgia Power is actively monitoring the storm, adjusting plans for response and coordinating with emergency partners.
Georgia Power reminds customers to keep safety first during hurricane season and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
Mutual Assistance Network
Georgia Power continues monitoring the changing weather around the clock and coordinates with other utilities through the mutual assistance network. The network consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to request additional resources to help restore power to Georgia Power customers following a major storm.
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/15/2020Georgia Power encourages customers to take action during National Preparedness Month
Source: PR Newswire
ATLANTA, Sept. 14, 2020 /PRNewswire/ -- Georgia Power is encouraging its 2.6 million customers to prepare for potential emergencies, as the company joins with emergency management partners, Federal Emergency Management Agency (FEMA) and Georgia Emergency Management and Homeland Security Agency (GEMA) this September in observing National Preparedness Month. Sponsored annually by FEMA, National Preparedness Month encourages advance preparation for potential emergencies in homes, businesses and schools.
Georgia Power reminds customers to keep safety first and take time now to prepare. The company offers the following tips to help keep families safe ahead of an emergency:
Severe weather can happen anytime across Georgia:
Before severe weather strikes, customers are encouraged to become familiar with Georgia Power's Outage Map on www.georgiapower.com that makes tracking and reporting outage information on the go even easier. The Outage Map automatically adjusts to function on desktops, handhelds or mobile devices and has direct access to Georgia Power's social media channels. Additionally, users have greater search capabilities with concise alert information relating to their specific outage.
Additional Georgia Power Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/14/2020Southern Company Receives 92nd Annual EEI Edison Award
Source: PR Newswire
ATLANTA, Sept. 10, 2020 /PRNewswire/ -- The Edison Electric Institute (EEI) today awarded Southern Company the electric utility industry's most prestigious honor, the EEI Edison Award. Southern Company received the award for its portfolio of energy storage research and development (R&D) initiatives.
"As we prepare Southern Company to succeed in the transition to a net-zero carbon future, our many energy storage R&D initiatives – including the Energy Storage Research Center, Alabama Power and Georgia Power Smart Neighborhoods, and other enterprise-wide pilot demonstrations – are advancing energy storage as an effective, technically viable energy solution," said Tom Fanning, chairman, president and CEO, Southern Company.
"We are grateful to receive the electric power industry's most prestigious honor and proud to personify what this award represents," Fanning continued. "I want to thank Tom Kuhn and the distinguished panel of judges who participated in this year's selection process. I would also like to thank our R&D partners in these efforts, including Southern Company's operating subsidiaries, the Electric Power Research Institute, U.S. Department of Energy and many others. Their collaboration is essential as we move emerging energy storage technologies forward."
Southern Company was selected for its leadership of key energy storage system initiatives, including the development, commissioning, and operation of the Energy Storage Research Center (ESRC) in Birmingham, Alabama. The facility serves as an industrywide destination for battery energy storage technology testing, evaluation and large-scale demonstration. The project was developed in collaboration with Southern Research, the Electric Power Research Institute, U.S. Department of Energy and others. Additionally, the ESRC is among several Southern Company system energy storage R&D initiatives that achieved key milestones in 2019, such as the Alabama Power and Georgia Power Smart Neighborhoods.
"EEI member companies continue to integrate technologies, such as energy storage, into the energy grid, helping to pave the way for the clean energy future our customers want and deserve," said EEI President Tom Kuhn. "Southern Company's leadership and technical expertise behind the testing, development and deployment of a diverse portfolio of energy storage solutions improves the resiliency and reliability of the grid and also creates tremendous value for customers. Congratulations to the Southern Company team for their outstanding work and for winning this well-deserved award."
Southern Company was selected by a panel of former energy industry executives to receive the 92nd Annual EEI Edison Award for distinguished leadership, innovation and contribution to the advancement of the electric industry for the benefit of all.
This represents the fifth time Southern Company has won the Edison Award and the second time in eight years. The company was last recognized in 2012 for leading the nuclear renaissance in the United States. Other wins came in 1969 to Mississippi Power; 1958 to Alabama Power; and 1950 to Georgia Power.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
9/10/20209/10/2020 - Georgia Power reminds customers to be vigilant, follow simple tips to avoid common scams
Georgia Power reminds customers to be vigilant, follow simple tips to avoid common scams
Source: PR Newswire
ATLANTA, Sept. 10, 2020 /PRNewswire/ -- With a recent increase in reports regarding scams and fraud by criminals posing as Georgia Power employees, the company is reminding customers to be aware and follow simple tips to avoid being a target.
Georgia Power urges customers to be cautious when contacted by an unverified person claiming to be a Georgia Power representative. The company will never ask a customer to provide a credit card or pre-paid debit card number over the phone or request customers to pay using alternate methods like BitCoin. Additionally, the company will never send employees into the field to collect payment in person or ask a customer to pay anywhere other than an Authorized Payment Location (APL).
Additional Scam Awareness & Safety Guidance
Georgia Power also provides the following guidance to customers:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees to defraud customers. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scams.
To learn more about how you can defend yourself against scammers and avoid falling victim to common mistakes, watch the company's latest public service announcements (PSA) on the company's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/10/2020Georgia Power named a Top U.S. Utility for Economic Development
Source: PR Newswire
ATLANTA, Sept. 9, 2020 /PRNewswire/ -- For the 22nd consecutive year, Georgia Power has been named a "Top U.S. Utility for Economic Development" by Site Selection magazine. Only 20 utilities were chosen for this honor out of more than 3,300 across the country.
Georgia Power partnered with state and community organizations last year to assist 99 companies with their business relocation and expansion projects, resulting in more than 16,029 jobs created or retained and $5.2 billion in capital investment. In the last ten years alone, the company assisted more than 1,000 companies that created or retained 161,000 jobs and invested $37 billion in Georgia. To learn more about our community and economic development initiatives, visit SelectGeorgia.com.
"When we work together with business, state and local leaders, our economy – and better yet, our citizens – can prosper," said Anne Kaiser, Georgia Power's vice president of community and economic development. "Georgia Power is proud of our role in helping our state remain one of the strongest economies in the nation. Our efforts help create opportunities for Georgians through business development and support of communities, in which we must work together, especially now during the pandemic. Not only do we provide the energy infrastructure needed to do business, we also contribute to the broad-based team that is 'community and economic development' in Georgia."
Georgia Power partners with organizations such as the Georgia Department of Economic Development to promote Georgia as a leading state for business. Georgia Power offers free community and economic development consultation and services to prospective companies navigating the site selection process – all while serving as a liaison between state and local organizations. Georgia Power is dedicated not only to facilitating a company's expansion in Georgia or its move to the state but also assisting local communities with expansion, retention and recruitment of jobs and investment. The company's community and economic development team is also invested in creating a renewable talent pipeline through its education and workforce development initiatives.
In the award citation, Site Selection noted the addition of "Project Management 201" to community and economic development education offerings from Georgia Power. This new course expands on lessons taught in "Project Management 101," which is offered by the company to economic development officials across the state. Georgia Power also contributes community and economic development leadership through offerings from the Georgia Academy for Economic Development.
The Site Selection rankings were based on analysis of corporate-end user projects activity in 2019 in utilities' territories. In addition to examining facility investment project totals and calculating those projects' jobs and capital investment numbers on a cumulative and per-capita basis, Site Selection also looked at website tools and data; innovative programs and incentives for business, including energy efficiency and renewable energy programs; and the utility's own job-creating infrastructure and facility investment trends.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/9/2020Approximately 100 Georgia Power personnel and crews return home after assisting with Hurricane Laura restoration
Source: PR Newswire
ATLANTA, Sept. 8, 2020 /PRNewswire/ -- Georgia Power crews returned home after spending more than a week in Louisiana assisting with restoration after Hurricane Laura made landfall along the Louisiana Gulf Coast. Approximately 100 personnel and crews left from across the state to make their way to staging locations in Baton Rouge before receiving assignments to support restoration in Louisiana.
During their time in Louisiana, crews worked safely restoring power for thousands of customers. As part of the storm restoration effort, teams replaced approximately 217 broken poles, 932 spans of wire and 180 transformers.
"We recognize the hard work of our dedicated teams who safely served in Louisiana, and welcome them home," said David Maske, storm center operations manager. "Through the Mutual Assistance Network, we know that we can assist others and they will be there in return if we need them. Our teams saw firsthand Hurricane Laura's impact to the state of Louisiana, and we want to encourage Georgia Power customers to prepare now and remain vigilant as an already active hurricane season continues through November."
Mutual Assistance Network
Georgia Power assists other utilities through a mutual assistance network comprising hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to tap into this mutual assistance network if additional resources are needed to help restore power to Georgia Power customers following a major storm.
With each request for assistance, the company ensures that it has sufficient coverage to respond to any potential local service interruptions.
The company requested and received assistance from other utilities during several major storms that impacted Georgia Power customers previously including Hurricanes Michael and Irma.
Hurricane season continues through November
With the official hurricane season continuing through November 30, Georgia Power reminds customers to keep safety first and offers the following storm preparedness tips:
Before severe weather strikes, customers are encouraged to become familiar with Georgia Power's Outage Map on www.georgiapower.com that makes tracking and reporting outage information on the go even easier. The Outage Map automatically adjusts to function on any desktop, handheld or mobile device and has direct access to Georgia Power's social media channels for quick engagement with customer service representatives. Additionally, users have greater search capabilities with concise alert information relating to their specific outage.
Additional Georgia Power Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/8/20209/3/2020 - Alabama Power announces leadership changes
Alabama Power announces leadership changes
Source: PR Newswire
BIRMINGHAM, Ala., Sept. 3, 2020 /PRNewswire/ -- Alabama Power has announced leadership changes to enhance customer experience and community support.
"These individuals are strong leaders within the company and in the communities we serve," said CEO Mark Crosswhite. "They bring invaluable experience and knowledge to their new roles that will help us continue to meet customer needs today and for the future."
As senior vice president of Marketing and Economic Development, Smoke will oversee the company's marketing, economic development and business development functions. He has more than 35 years of experience at Alabama Power and most recently served as vice president of Birmingham Division. He held positions of increasing responsibility in Power Delivery and Birmingham Division before moving into the role of vice president of Marketing in 2014 and vice president of Eastern Division in 2017.
Smoke serves on the board of trustees for Jacksonville State University. He is a member of the board of directors for Birmingham Promise, Alabama Engineering Hall of Fame, Jefferson County Industrial Development Authority, Alabama Institute of the Deaf and Blind Foundation, Alabama Symphony Orchestra, March of Dimes of Alabama, and the 4 Little Girls Memorial Fund.
In addition to his Bachelor of Science in electrical engineering from Auburn University, Smoke earned a Juris Doctor from the Birmingham School of Law.
As vice president of Birmingham Division, Calhoun will lead the company's operations, sales, economic and community development and external affairs activities in the metro Birmingham area. Since 2016, she has held the roles of president of the Alabama Power Foundation and vice president of Charitable Giving for Alabama Power.
Prior to joining Alabama Power, Calhoun was general counsel and senior vice president of Regional Development and Public Policy for the Birmingham Business Alliance, where she led diverse teams focused on regional revitalization, workforce development, education initiatives and young professionals' engagement.
Calhoun is a 2018 Aspen Institute Ascend Fellow and a member of the advisory board for Stonehenge Capital, a nationally recognized leader in community development finance. She is a member of the Alabama Workforce Council and serves on the boards of directors for Children's of Alabama, the Community Foundation of Greater Birmingham, Opportunity Alabama, Ed Farm, the Birmingham Museum of Art, Indian Springs School and the Virginia Samford Theatre. She is a graduate of Spelman College and the University of Alabama School of Law.
As vice president of Charitable Giving, Smith will lead the company's philanthropic, volunteerism and community support initiatives.
She most recently served as Energy Services director where she led a team of energy conservation experts in managing development and implementation of energy efficiency for commercial and industrial businesses, as well as federal customers throughout the state. Smith also oversaw the growth of non-kilowatt-hour sales through customer partnerships in LED lighting, smart HVAC and energy automation.
With more than 20 years of experience within the utility industry, Smith has held positions of increasing responsibility within the Southern Company system, with roles in Fuel Services, Operations Services, Resource Planning and Transmission. She served as assistant to the vice president of Regional External Affairs at Georgia Power and general manager of Renewable Energy Operations at Southern Power.
Smith is active in the community as a member of the UAB School of Engineering Advisory Board. She also serves as a 2020 Torchbearer for the Junior League of Birmingham's Community of Lights Campaign, promoting awareness of the Junior League's five-year fundraising initiative supporting One Place Metro Alabama Justice Center.
She is a graduate of the University of Alabama at Birmingham with a Bachelor of Science degree in mechanical engineering and a Master of Business Administration. She also earned a Master of Arts in communication studies: organizational leadership from the University of Alabama.
Alabama Power Company, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides safe, reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power
Article Date
9/3/2020Vickers joins Alabama Power board of directors
Source: PR Newswire
BIRMINGHAM, Ala., Sept. 3, 2020 /PRNewswire/ -- Dr. Selwyn M. Vickers, senior vice president of medicine and dean of the University of Alabama School of Medicine at the University of Alabama at Birmingham (UAB), has been elected to the board of directors of Alabama Power.
"I am honored to welcome Dr. Vickers to our board," said Mark Crosswhite, Alabama Power chairman, president and CEO. "His knowledge and expertise will be tremendously valuable to our board, our company and our customers. We appreciate his willingness to serve."
Vickers is an internationally recognized pancreatic cancer surgeon, pancreatic cancer researcher and pioneer in the study of health disparities. As dean of the University of Alabama School of Medicine, he leads the medical school's main campus in Birmingham as well as the regional campuses in Montgomery, Huntsville and Tuscaloosa.
Vickers serves as chair of UAB Medicine's Joint Operating Leadership Committee as well as the University of Alabama Health Services Foundation Board. He is a member of the National Academy of Medicine (Institute of Medicine) and the Johns Hopkins Society of Scholars.
Vickers has served on the Johns Hopkins School of Medicine Board of Trustees and Johns Hopkins University Board of Trustees. He has served as president of the Society for Surgery of the Alimentary Tract and of the Southern Surgical Association and is president-elect of the American Surgical Association.
A native of Demopolis, Alabama, Vickers grew up in Tuscaloosa and Huntsville. He and his wife, Janice, have four children: Lauren, Adrienne, Lydia and Benjamin.
Alabama Power Company, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides safe, reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power
Article Date
9/3/2020Georgia Power kicks off Labor Day weekend with water and boating safety tips
Source: PR Newswire
ATLANTA, Sept. 2, 2020 /PRNewswire/ -- As the largest non-governmental provider of recreation facilities in the state, Georgia Power today is reminding customers and vacationers if they are planning to head out to the lake for the upcoming Labor Day weekend, to remember social distancing, facial coverings and group-size guidelines as advised by the Centers for Disease Control and Prevention and the Georgia Department of Health.
With the holiday weekend a popular time to spend the final days of summer on the water, an influx of boaters and swimmers is expected on Georgia's lakes, and the company is encouraging customers and lake visitors to give special attention to water and boating safety tips.
Drowning is the second leading cause of accidental death for children 1 to 4 years of age, according to the Georgia Department of Public Health and SPLASH, a longstanding Georgia Department of Natural Resources initiative supported by Georgia Power. With the busy Labor Day weekend ahead, Georgia Power encourages visitors to follow these tips from SPLASH when enjoying beaches, pools, lakes, rivers and other bodies of water:
Boating and Water Sports
The company also wants boaters on any of Georgia Power's lakes to have a safe and enjoyable experience by remembering simple safety tips such as:
Find out more by visiting at www.georgiapowerlakes.com, where you can find detailed information about all of the Georgia Power properties, including facilities and amenities – some of which are closed due to the COVID-19 pandemic – local attractions and water safety information. On the site, visitors can also check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
In addition, the company provides additional water safety tips through its lake safety public service announcement on the Georgia Power YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/2/2020Georgia Power customers to see $17 reduction on October bills
Source: PR Newswire
ATLANTA, Sept. 1, 2020 /PRNewswire/ -- Georgia Power today announced that the typical residential customer using 1,000-kilowatt hours will receive an estimated $12 credit on their October Georgia Power bill. This reflects implementation of a one-time $61.6 million credit for customers, approved today by the Georgia Public Service Commission (PSC), as a result of Georgia Power's 2019 financial results.
Pairing the October credit with lower fuel rates implemented at the start of summer, the typical residential customer will see a reduction of more than $17 next month.
The amount each customer receives will vary based on their 2019 usage. Georgia Power will apply the credit to October bills for customers who had active accounts as of December 31, 2019, and are still active or receiving a final bill as of October 2020. This is the third credit that customers will receive this year, totaling more than $45 for the typical residential customer.
Relief on summer bills
In June, the typical residential customer using 1,000-kilowatt hours received an $11.29 credit on their June Georgia Power bill. This credit reflected the implementation of a $51.5 million credit for customers, approved by the Georgia PSC, as a result of Georgia Power's 2018 financial results.
Additionally, the Georgia PSC approved in May Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period, and lower the total monthly bill by approximately $5.32 for the typical residential customer using 1,000 kilowatt-hours per month beginning June 1, 2020. Customers received a special interim reduction to provide additional relief during the COVID-19 pandemic through even lower fuel rates over the 2020 summer months. The lower fuel rate and special interim reduction lowered the total bill of a typical residential customer using an average of 1,000-kilowatt hours by a total of $10.26 per month from June through September 2020.
February bill credit due to 2017 tax law savings
Customers also received a credit of approximately $22 on their February Georgia Power bill as a result of the third and final bill credit associated with the Tax Cuts and Jobs Act of 2017, resulting in credits totaling $106 million.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/1/2020Georgia Power's new Vogtle units approximately 87% complete
Source: PR Newswire
ATLANTA, Aug. 31, 2020 /PRNewswire/ -- Georgia Power today announced in a filing with the Georgia Public Service Commission (PSC) that the target in-service dates for the Vogtle nuclear expansion project remain November 2021 for Unit 3 and November 2022 for Unit 4. The company also reported the project is now approximately 87% complete, as significant progress continues to be made at the site.
Georgia Power's 23rd Vogtle Construction Monitoring (VCM) Report filing covers the period January 1, 2020 through June 30, 2020 and can be found here.
Keeping safety and quality the top priority, the project continues to accomplish major milestones despite the COVID-19 pandemic. This summer, the project completed a series of critical tests as the site continues to transition from construction towards system operations.
Critical tests achieved
Recently, the site completed closed vessel testing for Unit 3, which prepares the unit for cold hydro testing ahead of hot functional testing, and ultimately initial fuel load. Closed vessel testing verifies the pipes and valves in the Unit 3 reactor coolant system were installed as designed and helps ensure safety systems function properly.
The site also completed the structural integrity test and integrated leak rate test on Unit 3. These tests were completed in succession and demonstrated the containment vessel meets construction quality and design requirements.
Additional 2020 key milestones achieved, include:
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
VCM process
The company files a VCM report to provide the PSC a detailed update on progress and other information related to the construction of the nation's only new nuclear units. The VCM process includes public hearings held at the PSC, as well as reports filed by the PSC staff's independent construction monitor.
New construction photos highlight continued progress
Georgia Power has released new photos of the nation's only new nuclear units currently under construction. Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the target in-service dates for and construction and future operation of Plant Vogtle units 3 and 4 and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
8/31/20208/31/2020 - Southern Company Ranks No. 2 Overall on Military Times' 2020 list of Best Employers for Veterans
Southern Company Ranks No. 2 Overall on Military Times' 2020 list of Best Employers for Veterans
Source: PR Newswire
ATLANTA, Aug. 31, 2020 /PRNewswire/ -- Southern Company ranked second overall in the 2020 Best for Vets: Employers rankings released this month by Military Times. This marks the second consecutive year Southern Company ranked No. 2 on the list. Additionally, Southern Company has been recognized for its efforts to connect and provide veterans with a platform for success for each of the 11 years the list has been published.
The company's partnership with organizations like the Department of Defense (DoD) SkillBridge program provide opportunities for service members to transfer their military skills and training into careers in the energy sector through on-site job training, creating a pipeline for the company to recruit them once their training is complete.
"Southern Company takes great pride in being recognized annually by Military Times," said Chris Collier, Southern Company director of Talent Acquisition, Diversity & Inclusion and a military veteran himself. "The lessons regarding discipline, commitment and leadership veterans receive during their enlistment instills in them qualities and values that perfectly align with who we are as a company. We are very fortunate to have so many veterans be part of our team."
Southern Company focuses on veteran retention through employee resource groups like Military Veterans in Power that provide career development, networking and mentorship opportunities. In 2019, 12% of the Southern Company system's new hires were veterans with veterans accounting for 10% of the system's total employee population.
The criteria for evaluating the companies is based on years of Military Times research, interviews with veterans, input from veterans' advocates and human resources professionals. The survey was written, analyzed, weighted and scored in partnership with data analysts at the Veterans Research Network, which was part of ScoutComms but is now part of the Fors Marsh Group.
This year, a total of 164 organizations submitted responses to the Best for Vets: Employers survey.
"Best for Vets is editorially independent and focused on culture and policies that cater to military veterans," says Andrew Tilghman, executive editor at Military Times. "It has become the most trusted resource for transitioning veterans and a coveted honor for employers across the country."
The full rankings can be found here: bestforvets2020.militarytimes.com
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/31/20208/27/2020 - Approximately 100 Georgia Power personnel and crews head to Baton Rouge to assist with storm restoration
Approximately 100 Georgia Power personnel and crews head to Baton Rouge to assist with storm restoration
Source: PR Newswire
ATLANTA, Aug. 27, 2020 /PRNewswire/ -- As Hurricane Laura made landfall along the Louisiana Gulf Coast as a major hurricane bringing damaging winds and a storm surge overnight, Georgia Power crews were packing trucks and preparing to head to Baton Rouge to provide assistance to Entergy Louisiana. Approximately 100 personnel and crews left from across the state to make their way to a staging location in Baton Rouge before receiving assignments to support restoration after Hurricane Laura. An additional 300 support personnel have been cleared to aid in any additional restoration requests.
Georgia Power is able to provide assistance to other utilities through a mutual assistance network, which consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to tap into this mutual assistance network if additional resources are needed to help restore power to Georgia Power customers following a major storm.
With each request for assistance, the company ensures that it has sufficient coverage to respond to any potential local service interruptions.
The company requested and received assistance from other utilities during several major storms that impacted Georgia Power customers previously including Hurricanes Michael and Irma.
Storm Response Pandemic Preparations
Georgia Power teams are prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/27/2020Georgia Power crews scheduled to assist with Hurricane Laura recovery
Source: PR Newswire
ATLANTA, Aug. 26, 2020 /PRNewswire/ -- As Hurricane Laura nears landfall along the Gulf Coast, Georgia Power is ready to respond after receiving a request for assistance from Entergy Louisiana. Georgia Power crews and support teams will travel to the state tomorrow. Georgia Power continues monitoring the changing weather around the clock and coordinates with other utilities to field requests for assistance through the mutual assistance network.
With each request for assistance, the company ensures that it has sufficient coverage to respond to any potential local service interruptions.
The mutual assistance network consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to tap into this mutual assistance network if additional resources are needed to help restore power to Georgia Power customers following a major storm.
The company requested and received assistance from other utilities during several major storms that impacted Georgia Power customers previously including Hurricanes Michael and Irma.
Storm Response Pandemic Preparations
Georgia Power teams are prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/26/2020Georgia Power crews ready to respond to Hurricane Laura
Source: PR Newswire
ATLANTA, Aug. 25, 2020 /PRNewswire/ -- As Hurricane Laura continues to move near the Gulf Coast, Georgia Power is ready to respond to requests for assistance from utilities who may be impacted by the storm. Georgia Power continues monitoring the changing weather around the clock and coordinates with other utilities to field requests for assistance through the mutual assistance network.
The network consists of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to respond and offer assistance, providing reinforcements when needed to restore power quickly for other utilities. The company is also able to tap into this mutual assistance network if additional resources are needed to help restore power to Georgia Power customers following a major storm.
Hurricane season continues through November
With the official hurricane season continuing through November 30, Georgia Power reminds customers to keep safety first and offers the following storm preparedness tips:
Before severe weather strikes, customers are encouraged to become familiar with Georgia Power's Outage Map on www.georgiapower.com that makes tracking and reporting outage information on the go even easier. The Outage Map automatically adjusts to function on any desktop, handheld or mobile device and has direct access to Georgia Power's social media channels for quick engagement with customer service representatives. Additionally, users have greater search capabilities with concise alert information relating to their specific outage.
Additional Georgia Power Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/25/2020Southern Company Gas Names Robert Duvall President of Virginia Natural Gas
Source: PR Newswire
VIRGINIA BEACH, Va., Aug. 25, 2020 /PRNewswire/ -- Southern Company Gas has appointed Senior Vice President of Customer Operations, Safety and Technical Training Robert Duvall to succeed Virginia Natural Gas (VNG) President Jim Kibler, effective Sept. 4. Kibler, who announced plans to retire, will remain with the company for the rest of the year to support the leadership transition and serve as special advisor to Southern Company Gas' External Affairs department, working with the company's Washington, D.C. office.
"A leader focused on addressing climate change, Jim's work has helped Southern Company Gas successfully reduce its annual methane emissions by 50% even while growing its system by 20%," said Kim Greene, Southern Company Gas chairman, president and CEO. "Jim's leadership has had a tangible impact on the entire natural gas value chain, and his efforts will have a lasting effect on our company – and the Hampton Roads community – for generations to come. We wish him all the best in his well-earned retirement."
Kibler's commitment to the environment led Southern Company Gas to become a founding member of Our Nation's Energy (ONE) Future, a coalition of businesses committed to reducing their methane emissions to 1% or less by 2025. In October, VNG pledged to become the first natural gas utility in America to provide its customers with natural gas that is 100% sourced, transported and distributed by companies that have also made this commitment. An active member of his local community, Kibler will continue to serve the region throughout his retirement.
Having served as VNG president from 2014 to 2016, Duvall returns with new experience overseeing customer experience, resource management and employee safety and training for all four Southern Company Gas local distribution companies. As president of VNG, he will continue to drive superior customer service across southeast Virginia, as well as the company's ongoing commitment to delivering clean, safe, reliable and affordable fuel. He will report directly to Greene and join the Southern Company Gas Management Council.
"Robert has demonstrated great leadership throughout his entire career, but his work to ensure the health and wellbeing of our customers and employees over the course the coronavirus pandemic, in particular, has been exemplary," said Greene. "His unwavering commitment to putting people first will position both our business and our community for growth and development. With his many years of experience in Virginia, I am confident this transition will be seamless and successful."
Duvall has spearheaded initiatives that have earned VNG top marks for customer service from J.D. Power, Escalent and others. In 2019, under his guidance, VNG successfully launched a new communications platform, known as "Keep Me Informed," that proactively communicates with residential customers about their scheduled appointments through text messages. This tool, designed to help customers better manage their busy days, has been invaluable throughout the COVID-19 pandemic, enabling the company to guide customers through its safety protocols in advance of employees performing work in their homes.
"Our employees, customers and community leaders in Hampton Roads have always made me feel at home," said Duvall. "I am looking forward to building on our past work together to create an even cleaner, brighter future for the entire region."
Duvall joined Southern Company Gas in 1984 as a distribution engineer for its subsidiary Atlanta Gas Light after graduating from Clemson University with a bachelor's degree in civil engineering. Over the course of his career, he has served in a variety of engineering and operations positions, including as vice president of operations for Virginia Natural Gas and managing director of field operations for Atlanta Gas Light.
Passionate about the health and wellbeing of others, Duvall has worked closely with charitable foundations such as March of Dimes, the Heart Association and Special Olympics. He has served on the board of United Way, supporting the organization's mission to provide safer, healthier and more prosperous communities for all, and numerous civic boards in both Virginia and Georgia.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia and has been recognized as one of the safest, most reliable and customer-focused natural gas service providers. Consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates, the company has also been recognized by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association for its safety, community outreach and educational programs, and was named Local Distribution Company for three consecutive years. Virginia Natural Gas has been ranked by its business customers as being one of the most Trusted Business Partners in the utility industry according to Cogent Reports, and as one of the Top Workplaces in Hampton Roads by Inside Business. For more information, visit virginianaturalgas.com and connect with the company on Facebook, Twitter and Instagram.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
8/25/2020Georgia Power announces new fixed price rate plan for customers
Source: PR Newswire
ATLANTA, Aug. 24, 2020 /PRNewswire/ -- Georgia Power is giving residential customers another option to manage their energy use and payments with the new "Pay by Day" rate plan, an innovative option that locks in a fixed daily price for electricity over an entire year.
Pay by Day is a prepaid service plan that gives customers the ability to deposit funds into their Georgia Power account with a fixed amount deducted daily, no matter the amount of energy used. This helps to avoid fluctuations in energy costs during the heat of summer and the cold of winter. Qualifying residential customers can have certainty in their budget with a customized Pay by Day offer based upon their projected electricity usage over the next 12 months.
Georgia Power customers who have had service for 12 months can receive their customized Pay by Day price and sign up by calling 1-800-642-4590.
How Pay by Day works
After customers sign up for the Pay by Day rate plan, they can simply add funds under the "My Account" section of www.GeorgiaPower.com or by visiting one of more than 4,000 Authorized Payment Locations (APLs) that accept Georgia Power payments. Each day, the customer's account is charged the fixed, custom daily price. If funds in the customer's account get too low, Georgia Power will send them a reminder that it is time to make a payment.
The Pay by Day rate plan also provides customers who have an outstanding balance an additional payment option. If a customer has a past-due balance when signing up for Pay by Day, 25 percent of every payment will be applied to the remaining balance. No late fees will be charged if outstanding balances are paid before April 2021.
The Pay by Day plan was originally offered as a pilot program. After review, the Georgia Public Service Commission approved the plan as a new offering available to all eligible customers.
Rate options to fit customers' budget and lifestyle
Georgia Power offers a variety of flexible and customizable rate plans to meet every lifestyle and budget. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low. In addition to the new Pay by Day plan, customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing:
Resources for customers
Whether customers own a home or rent, tailored energy-savings tips are available at www.GeorgiaPower.com/Save, which also includes access to a free Online Energy Checkup and a variety of rebates and incentives for both homes and businesses.
Additionally, Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/24/2020Jill Campbell named to Georgia Power Board of Directors
Source: PR Newswire
ATLANTA, Aug. 21, 2020 /PRNewswire/ -- Georgia Power has elected Jill Campbell to the company's board of directors, effective August 19, 2020. Campbell is the executive vice president and chief people and operations officer for Cox Enterprises.
Cox Enterprises, including its two major subsidiaries - Cox Communications and Cox Automotive, is a global communications, automotive and media company with $21 billion in annual revenues and brands that include Autotrader, Kelley Blue Book and Cox Homelife. As executive vice president and chief people and operations officer of a company with more than 55,000 employees, Campbell manages and directs the aviation, facilities, family office, people solutions, real estate, and security and corporate affairs departments.
"Jill has played a significant role in growing Cox Enterprises' competitive strategies to enhance marketplace execution and serve the company's residential and commercial customers," said Paul Bowers, chairman, president and CEO of Georgia Power. "Her wealth of corporate strategy, communication and leadership experience will provide valuable perspectives for our company as we work to build a sustainable energy future for our customers and state. We welcome her to the Georgia Power board of directors."
Campbell joined Cox in 1982 and held various positions throughout the country in operations and management before being named to her current role. Previously, she served as executive vice president and chief operations officer of Cox Communications, where she oversaw the company's day-to-day operations.
Campbell is a graduate of the University of Nevada - Las Vegas and has an MBA from Oklahoma City University.
As an active member in the community, Campbell has served as a board member for several nonprofit organizations, including United Way, Boys & Girls Club of America, YMCA, Woodruff Arts Center and Girl Talk, an organization that provides peer-to-peer mentoring to girls and young women. Currently, she is a board member for the Atlanta History Center and the Metro Atlanta Chamber of Commerce.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/21/2020Georgia Power stresses summer savings with energy efficiency
Source: PR Newswire
ATLANTA, Aug. 20, 2020 /PRNewswire/ -- Georgia Power continues to encourage customers to realize the significant savings possible on summer electric bills by making use of the company's energy efficiency programs and resources. While a home's energy inefficiency can magnify the effects of hot summer weather, increasing energy efficiency can magnify savings. Whether employing simple energy-saving tips and tools or taking advantage of home improvement programs, customers can cut energy waste and lower bills.
Tips, Tools & Resources
Opportunities to increase energy efficiency can appear in everything from replacing inefficient appliances and adding insulation to a range of simple energy-saving practices around the house. Homeowners and renters alike can find tailored tips at www.GeorgiaPower.com/Save, which also includes access to a free Online Energy Checkup and a variety of rebates and incentives for both homes and businesses.
Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Simple tips focused on savings through the summer heat, include:
$300 million in savings
The company estimates that participating residential customers have saved approximately $300 million in savings over the past five years through Georgia Power's energy efficiency programs, developed in consultation with and approval by the Georgia Public Service Commission (PSC). In terms of an individual's savings, these can range from saving several dollars per month to up to 50% reductions in energy use on some efficiency improvements.
In addition to communicating energy efficiency tips for homeowners, renters and businesses, Georgia Power offers programs such as:
Relief on 2020 summer bills
Just prior to the summer months, the Georgia PSC approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. The implementation of a special interim reduction will provide customers additional relief through even lower fuel rates this summer. The lower fuel rate and special interim reduction will lower the total bill of a typical residential customer using an average of 1,000 kilowatt-hours by a total of $10.26 per month from June through September 2020.
Residential customers also benefitted this summer from a one-time $51.5 million credit for customers, also approved by the PSC. A typical residential customer using 1,000 kilowatt-hours received an $11.29 credit on their June Georgia Power bill.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/20/20208/13/2020 - Georgia Power's energy efficiency programs save customers money and help reduce impact of summer heat
Georgia Power's energy efficiency programs save customers money and help reduce impact of summer heat
Source: PR Newswire
ATLANTA, Aug. 13, 2020 /PRNewswire/ -- Georgia Power continues to encourage customers to minimize the impact of increased energy use and maximize savings on electric bills by making use of the company's energy efficiency offerings. Amid a hot summer, everything from simple energy-saving tips to home improvement programs can yield significant energy savings and lower bills.
The company estimates that participating residential customers have recognized approximately $300 million in savings over the past five years through Georgia Power's energy efficiency programs, developed in consultation with and approval by the Georgia Public Service Commission. In terms of an individual's savings, these can range from saving several dollars per month to up to 50% reductions in energy use on some efficiency improvements.
In addition to communicating energy efficiency tips for homeowners, renters and businesses, Georgia Power offers programs such as:
Tips, Tools & Resources
Whether customers own a home or rent, a variety of energy efficiency programs and resources are available at www.GeorgiaPower.com/Save, which also includes access to energy tips, as well as rebates and incentives for both homes and businesses. The Online Energy Checkup resource provides a customized report to help customers understand their home's energy use and find ways to save money. Additionally, Georgia Power's My Power Usage program allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Energy Assistance Programs
Georgia Power also partners with nonprofit, community and faith-based organizations to offer assistance programs to those in need. These programs include:
Visit www.GeorgiaPower.com/EnergyAssistance for more information.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/13/2020Georgia Power, Georgia 811 continue to raise awareness around National 811 Day
Source: PR Newswire
ATLANTA, Aug. 11, 2020 /PRNewswire/ -- Georgia Power and Georgia 811 continue to work together to raise awareness for National 811 Day on August 11 ("8-11"). Georgia Power wants to remind customers to do their part to prevent dangerous and disruptive accidents by contacting 811 before digging.
"The safety of our employees and our communities is our top priority, and using the 811 service is one way we can help our customers stay safe and prevent power outages resulting from digging accidents," said Kevin Kastner, Georgia Power vice president of Customer Services.
Georgia Power has a long history of working with Georgia 811, a nonprofit corporation dedicated to preventing damage to underground utilities and promoting public safety, to ensure that projects are safe and comply with the "Georgia Dig Law." The law requires contact with Georgia 811 before mechanized digging to have buried power, communications, gas, and water lines marked, typically with flags, spray paint or both, to help prevent injuries, unintended service disruptions, repair costs, and fines.
Georgia Power works throughout the year to remind customers of the importance of calling 811 or visiting Georgia811.com, to enter a location request at least three days before they dig. There is no charge for 811 location requests, and contacting 811 is also recommended for smaller, manual jobs, such as planting trees, installing fences or mailboxes, or other digging activity. Once the request is received, Georgia 811 notifies affected member utility companies, who send a professional technician to identify and mark underground lines.
A Public Safety Announcement (PSA), produced in partnership with Georgia 811, demonstrates how quick and easy it is to have underground lines identified. The PSA can be viewed on Georgia Power's YouTube page.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/11/2020Atlanta Gas Light Launches 'Do Your Part' Safe Digging Campaign
Source: PR Newswire
ATLANTA, Aug. 5, 2020 /PRNewswire/ -- Today, Atlanta Gas Light launches the Do Your Part campaign, an effort aimed at reminding contractors and the public the importance of calling 811 for digging projects large and small. A utility line is damaged once every three minutes nationwide during excavation projects, but most of these accidents are preventable if lines are marked before digging begins.
Land excavation for fiber installations, new buildings, yard projects, home renovations and any other digging project requires calling 811 before construction or digging begins. Through the Do Your Part campaign, Atlanta Gas Light is encouraging professionals and do-it-yourselfers to be responsible members of their community before they break ground.
"The importance of calling 811 before digging cannot be overstated. Through the Do Your Part campaign, we're reminding people why it's so critical to have lines marked before starting outdoor work," said Emeka Igwilo, vice president of operations support. "Calling 811 and following safe digging practices are simple actions excavators and homeowners can take to ensure safety within their community. They're free and easy and will save time and money by avoiding damages."
From April 1 to July 16 of this year, there have been 245 projects with no 811 calls. Of these 245 no-call projects, 173 have been from construction companies. The Do Your Part campaign is aimed at reminding contractors and construction crews to call 811 before work begins so that their projects can remain on time and on budget while reducing inconveniences to the public like traffic jams, service interruptions, and damaged lines.
Calls can be placed to Georgia 811 up to 10 days in advance of a digging project. By contacting 811, callers will make an appointment over the phone for an onsite visit where professionals identify and mark utility lines free of charge.
The Do Your Part campaign will feature a new webpage, digital and radio ads, and mural art across the Atlanta metro area.
To learn more about the Do Your Part campaign and safe digging in Georgia, visit www.atlantagaslight.com/safety/call-811-before-you-dig.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com and southerncompanygas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Atlanta Gas Light
Article Date
8/5/2020Low-income natural gas customers to receive $1 million in energy assistance support from Atlanta Gas Light
Source: PR Newswire
ATLANTA, Aug. 4, 2020 /PRNewswire/ -- Under a mechanism created by the Georgia Public Service Commission last year, Atlanta Gas Light is allocating $1 million for supplemental low-income energy assistance, which will be distributed to qualifying agencies that support customers who need help paying natural gas bills, repairing or replacing natural gas appliances and weatherizing homes.
"Everyone deserves the comforts of home that natural gas provides, and so during the pandemic Atlanta Gas Light employees have been intensely focused on maintaining quality service for Georgians, from operations to customer service and billing. This additional low-income assistance will help expand the number of families our community partners can support, keeping energy flowing to their homes," said Pedro Cherry, president and CEO of Atlanta Gas Light. "It will also reduce the impact of customers' natural gas use on their monthly bills - and on the environment - by increasing the efficiency of their appliances. We are proud to expand our existing partnerships with organizations across the state to grow their reach to even more residents."
Atlanta Gas has allocated a majority of the funding to the following agencies for energy assistance:
Atlanta Gas Light owns and operates the infrastructure that delivers natural gas to customers' homes, but customers receive bills from one of 16 retail natural gas marketers selling fuel across the state. While the Georgia Public Service Commission has approved resuming service disconnections for nonpayment, financial assistance and payment programs are available to all customers seeking to maintain service.
Atlanta Gas Light reminds customers to contact their retail natural gas marketer to inquire about financial assistance or payment programs available.
As the public health and economic impacts of the coronavirus (COVID-19) continue to evolve, Atlanta Gas Light will also continue working with community partners to support Georgians in need. For more information about each of these programs or help managing natural gas costs, please visit atlantagaslight.com/residential/ways-to-save.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com and southerncompanygas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Atlanta Gas Light
Article Date
8/4/2020Georgia Power stands firm behind safe operations at Plant Scherer
Source: PR Newswire
ATLANTA, Aug. 3, 2020 /PRNewswire/ -- Georgia Power is standing firm behind its employees and the safe operations at Plant Scherer in Juliette, Georgia, following a lawsuit filed July 29. The company and its employees are longtime members of the community with Plant Scherer safely generating energy for neighbors, the local area and the state for nearly four decades. The company believes the lawsuit, similar to one that was voluntarily dismissed years ago, has no merit and will vigorously defend itself against the claims.
"We have been a part of the Juliette and Monroe County communities for decades, and we take our responsibility as a trusted neighbor very seriously," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "Our employees and retirees also live and raise their families in the communities we serve, and if our operations were causing harm to residents, we would take every action necessary to resolve the situation."
In 2013, Georgia Power faced similar litigation that the plaintiffs later withdrew after the court required them to provide expert evidence. The company is reviewing the current lawsuit and believes that, as in the earlier case, the claims are without merit.
Since Plant Scherer first opened, Georgia Power has incorporated strict environmental standards into operating the generating plant, which included the operation of its ash pond. With the closure of the pond underway, Georgia Power's top priority has been to protect water quality every step of the way, which includes:
Plant Scherer and the Community
The plant has safely generated energy, often 24 hours a day, for nearly four decades. The plant's four units can produce nearly 3,720 megawatts of electricity and can supply enough reliable, affordable energy to power over two million homes annually.
The plant employs nearly 400 employees, many of whom live in Monroe County and across central Georgia. In addition, employee volunteers donate thousands of volunteer hours and dollars each year to improve their home communities in and around Monroe County.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/3/2020Georgia Power prepares for Tropical Storm Isaias
Source: PR Newswire
ATLANTA, Aug. 2, 2020 /PRNewswire/ -- As Tropical Storm Isaias tracks along the southeastern coastline, including toward Georgia, Georgia Power is actively monitoring the storm, adjusting plans for response and coordinating with emergency partners.
Georgia Power reminds customers to keep safety first during hurricane season and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/2/2020Georgia Power launches new Customer-Connected Solar Program
Source: PR Newswire
ATLANTA, July 31, 2020 /PRNewswire/ -- Georgia Power continues to grow renewable energy in Georgia through its new Customer-Connected Solar Program (CCSP), a 25-megawatt (MW) Distributed Generation customer-sited program. Working with the Georgia Public Service Commission on the program design, the Commissioners gave their approval in May 2020.
"We are excited to offer programs that help renewable energy grow and thrive in Georgia," said Wilson Mallard, director of Renewable Development for Georgia Power. "This program will provide a new renewable energy option for participating customers, while also benefitting all of our customers by continuing to expand our state's diverse energy generation resources."
Georgia Power will purchase 100% of the solar energy generated by directly paying the customer. Renewable Energy Credits (RECs) will be retired by Georgia Power on behalf of participating customers, allowing the customer to claim the renewable benefits of the local solar energy.
The CCSP program will accept applications on a first-come, first-served basis until the 25 MW AC portfolio is filled, or until January 2022, whichever comes first. Customers can choose agreement terms between 10 and 30 years and projects can be sized from 1 kW up to 3 MW (AC). The average price ranges from 4.3-6.7 cents/kWh. Find other important details about Georgia Power's new Customer-Connected Solar Program at www.GeorgiaPower.com/CustomerConnectedSolar.
Community Solar and Simple Solar Programs
The company also encourages customers who are not eligible to participate in CCSP to consider additional renewable programs such as Georgia Power Community Solar and Simple Solar. Community Solar gives residential customers who subscribe the opportunity to earn an energy credit on their bill based on actual solar energy production at Georgia Power's Community Solar facilities. The Simple Solar program is a solar REC purchase program available to all customers that allow participants to claim solar benefits for either 50 percent or 100 percent of their energy usage.
Renewable Energy Growth
Through programs and projects developed in coordination with the PSC, Georgia Power is committed to maintaining a diverse generation portfolio while providing all customers with renewable energy options. With more than 1,625 MW* of solar capacity currently online, the company continues to have the most extensive voluntary renewable portfolio in the nation. Through continued development of CCSP, as well as other solar projects and programs, Georgia Power expects to add up to 1,400 MW* of additional renewable capacity by the end of 2021.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/31/2020Southern Company reports second-quarter 2020 earnings
Source: PR Newswire
ATLANTA, July 30, 2020 /PRNewswire/ -- Southern Company today reported second-quarter 2020 earnings of $612 million, or 58 cents per share, compared with $899 million, or 86 cents per share, in the second quarter of 2019. For the six months ended June 30, 2020, Southern Company reported earnings of $1.48 billion, or $1.40 per share, compared with earnings of $2.98 billion, or $2.86 per share, for the same period in 2019.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $822 million, or 78 cents per share, during the second quarter of 2020, compared with $833 million, or 80 cents per share, during the second quarter of 2019. For the six months ended June 30, 2020, excluding these items, Southern Company earned $1.65 billion, or $1.56 per share, compared with $1.56 billion, or $1.50 per share, for the same period in 2019.
Non-GAAP Financial Measures | Three Months Ended June | Year-to-Date June | |||
Net Income - Excluding Items (in millions) | 2020 | 2019 | 2020 | 2019 | |
Net Income - As Reported | $612 | $899 | $1,480 | $2,982 | |
Less: | |||||
Acquisition and Disposition Impacts | - | (18) | 38 | 2,481 | |
Tax Impact | - | 67 | (16) | (1,122) | |
Estimated Loss on Plants Under Construction | (152) | (8) | (155) | (13) | |
Tax Impact | 39 | 2 | 40 | 3 | |
Wholesale Gas Services | (31) | 29 | - | 93 | |
Tax Impact | 8 | (6) | - | (23) | |
Asset Impairment | (154) | - | (154) | - | |
Tax Impact | 80 | - | 80 | - | |
Net Income – Excluding Items | $822 | $833 | $1,647 | $1,563 | |
Average Shares Outstanding – (in millions) | 1,058 | 1,044 | 1,057 | 1,041 | |
Basic Earnings Per Share – Excluding Items | $0.78 | $0.80 | $1.56 | $1.50 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the second quarter 2020 were negatively impacted by a decline in sales from demand reduction related to the COVID-19 pandemic and mild weather, largely offset by diligent cost control and constructive state regulatory actions completed in 2019 at the company's utilities.
"Despite the challenges of the COVID-19 pandemic, Southern Company and its subsidiaries have never taken a day off," said Chairman, President and CEO Thomas A. Fanning. "Our electric and gas utilities have continued to provide clean, safe, reliable and affordable energy to customers while operating under appropriate health and safety protocols," added Fanning. "Whether it's our response to major storms in the Southeast or working within our communities to promote racial justice, we continue to deliver results, including continued progress on new nuclear construction."
Second-quarter 2020 operating revenues were $4.62 billion, compared with $5.10 billion for the second quarter of 2019, a decrease of 9.4 percent. For the six months ended June 30, 2020, operating revenues were $9.64 billion, compared with $10.51 billion for the corresponding period in 2019, a decrease of 8.3 percent. These decreases were primarily due to lower fuel costs, milder weather and a sales decline from COVID-19 demand reduction.
Southern Company's second-quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Southern Company | |||||||||||||||
Financial Highlights | |||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | |||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||
June | June | ||||||||||||||
Net Income–As Reported (See Notes) | 2020 | 2019 | 2020 | 2019 | |||||||||||
Traditional Electric Operating Companies | $ | 645 | $ | 782 | $ | 1,287 | $ | 1,346 | |||||||
Southern Power | 63 | 174 | 138 | 230 | |||||||||||
Southern Company Gas | 71 | 106 | 346 | 376 | |||||||||||
Total | 779 | 1,062 | 1,771 | 1,952 | |||||||||||
Parent Company and Other | (167) | (163) | (291) | 1,030 | |||||||||||
Net Income–As Reported | $ | 612 | $ | 899 | $ | 1,480 | $ | 2,982 | |||||||
Basic Earnings Per Share1 | $ | 0.58 | $ | 0.86 | $ | 1.40 | $ | 2.86 | |||||||
Average Shares Outstanding (in millions) | 1,058 | 1,044 | 1,057 | 1,041 | |||||||||||
End of Period Shares Outstanding (in millions) | 1,056 | 1,045 | |||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||
Non-GAAP Financial Measures | June | June | |||||||||||||
Net Income–Excluding Items (See Notes) | 2020 | 2019 | 2020 | 2019 | |||||||||||
Net Income–As Reported | $ | 612 | $ | 899 | $ | 1,480 | $ | 2,982 | |||||||
Less: | |||||||||||||||
Acquisition and Disposition Impacts2 | — | (18) | 38 | 2,481 | |||||||||||
Tax Impact | — | 67 | (16) | (1,122) | |||||||||||
Estimated Loss on Plants Under Construction3 | (152) | (8) | (155) | (13) | |||||||||||
Tax Impact | 39 | 2 | 40 | 3 | |||||||||||
Wholesale Gas Services4 | (31) | 29 | — | 93 | |||||||||||
Tax Impact | 8 | (6) | — | (23) | |||||||||||
Asset Impairment5 | (154) | — | (154) | — | |||||||||||
Tax Impact | 80 | — | 80 | — | |||||||||||
Net Income–Excluding Items | $ | 822 | $ | 833 | $ | 1,647 | $ | 1,563 | |||||||
Basic Earnings Per Share–Excluding Items | $ | 0.78 | $ | 0.80 | $ | 1.56 | $ | 1.50 | |||||||
-See Notes on the following page. | |||||||||||||||
Southern Company | |
Financial Highlights | |
Notes | |
(1) | For the three and six months ended June 30, 2020 and 2019, dilution does not change basic earnings per share by more than $0.02 and is not material. |
(2) | Earnings for the six months ended June 30, 2020 primarily include a $39 million pre-tax ($23 million after-tax) gain on the sale of Southern Power Company's Plant Mankato. Earnings for the three months ended June 30, 2019 primarily include a $23 million pre-tax ($88 million after-tax) gain on the sale of Southern Power Company's Plant Nacogdoches and a $32 million pre-tax and after-tax goodwill impairment charge in contemplation of the sale of the utility infrastructure services business unit of PowerSecure, Inc. Earnings for the six months ended June 30, 2019 also include a preliminary $2.5 billion pre-tax ($1.3 billion after-tax) gain on the sale of Gulf Power Company. |
(3) | Earnings for the three and six months ended June 30, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Earnings for the three and six months ended June 30, 2020 also include a $149 million pre-tax ($111 million after-tax) charge for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4, which significantly impacted earnings and earnings per share. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2025. The additional pre-tax period and closure costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total up to $11 million for the remainder of 2020, $16 million in 2021, and $11 million to $13 million annually in 2022 through 2025. Further charges for Georgia Power Company's construction of Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. |
(4) | Earnings for the three and six months ended June 30, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
(5) | Earnings for the three and six months ended June 30, 2020 include a pre-tax impairment charge of $154 million ($74 million after tax) related to a leveraged lease. |
Southern Company | |||||||||||||||||||||||
Significant Factors Impacting EPS | |||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
June | June | ||||||||||||||||||||||
2020 | 2019 | Change | 2020 | 2019 | Change | ||||||||||||||||||
Earnings Per Share– | |||||||||||||||||||||||
As Reported1 (See Notes) | $ | 0.58 | $ | 0.86 | $ | (0.28) | $ | 1.40 | $ | 2.86 | $ | (1.46) | |||||||||||
Significant Factors: | |||||||||||||||||||||||
Traditional Electric Operating Companies | $ | (0.13) | $ | (0.05) | |||||||||||||||||||
Southern Power | (0.11) | (0.09) | |||||||||||||||||||||
Southern Company Gas | (0.03) | (0.03) | |||||||||||||||||||||
Parent Company and Other | — | (1.27) | |||||||||||||||||||||
Increase in Shares | (0.01) | (0.02) | |||||||||||||||||||||
Total–As Reported | $ | (0.28) | $ | (1.46) | |||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
June | June | ||||||||||||||||||||||
Non-GAAP Financial Measures | 2020 | 2019 | Change | 2020 | 2019 | Change | |||||||||||||||||
Earnings Per Share– | |||||||||||||||||||||||
Excluding Items (See Notes) | $ | 0.78 | $ | 0.80 | $ | (0.02) | $ | 1.56 | $ | 1.50 | $ | 0.06 | |||||||||||
Total–As Reported | $ | (0.28) | $ | (1.46) | |||||||||||||||||||
Less: | |||||||||||||||||||||||
Acquisition and Disposition Impacts2 | (0.05) | (1.28) | |||||||||||||||||||||
Estimated Loss on Plants Under Construction3 | (0.10) | (0.10) | |||||||||||||||||||||
Wholesale Gas Services4 | (0.04) | (0.07) | |||||||||||||||||||||
Asset Impairment5 | (0.07) | (0.07) | |||||||||||||||||||||
Total–Excluding Items | $ | (0.02) | $ | 0.06 | |||||||||||||||||||
- See Notes on the following page. | |||||||||||||||||||||||
Southern Company | |||||||||
Significant Factors Impacting EPS | |||||||||
Notes | |||||||||
(1) | For the three and six months ended June 30, 2020 and 2019, dilution does not change basic earnings per share by more than $0.02 and is not material. | ||||||||
(2) | Earnings for the six months ended June 30, 2020 primarily include a $39 million pre-tax ($23 million after-tax) gain on the sale of Southern Power Company's Plant Mankato. Earnings for the three months ended June 30, 2019 primarily include a $23 million pre-tax ($88 million after-tax) gain on the sale of Southern Power Company's Plant Nacogdoches and a $32 million pre-tax and after-tax goodwill impairment charge in contemplation of the sale of the utility infrastructure services business unit of PowerSecure, Inc. Earnings for the six months ended June 30, 2019 also include a preliminary $2.5 billion pre-tax ($1.3 billion after-tax) gain on the sale of Gulf Power Company. | ||||||||
(3) | Earnings for the three and six months ended June 30, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Earnings for the three and six months ended June 30, 2020 also include a $149 million pre-tax ($111 million after-tax) charge for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4, which significantly impacted earnings and earnings per share. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2025. The additional pre-tax period and closure costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total up to $11 million for the remainder of 2020, $16 million in 2021, and $11 million to $13 million annually in 2022 through 2025. Further charges for Georgia Power Company's construction of Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. | ||||||||
(4) | Earnings for the three and six months ended June 30, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
(5) | Earnings for the three and six months ended June 30, 2020 include a pre-tax impairment charge of $154 million ($74 million after tax) related to a leveraged lease. | ||||||||
Southern Company | ||||
EPS Earnings Analysis | ||||
Three Months | Year-to-Date | |||
Ended June | June | |||
Description | 2020 vs. 2019 | 2020 vs. 2019 | ||
Retail Sales | $(0.09) | $(0.08) | ||
Retail Revenue Impacts | 0.11 | 0.20 | ||
Weather | (0.10) | (0.11) | ||
Wholesale and Other Operating Revenues | 0.01 | — | ||
Non-Fuel O&M | 0.05 | 0.06 | ||
Depreciation and Amortization, Interest Expense, Other | (0.05) | (0.12) | ||
Income Taxes | 0.05 | 0.10 | ||
Total Traditional Electric Operating Companies | $(0.02) | $0.05 | ||
Southern Power | (0.02) | (0.02) | ||
Southern Company Gas | 0.01 | 0.04 | ||
Parent and Other | 0.02 | 0.01 | ||
Increase in Shares | (0.01) | (0.02) | ||
Total Change in EPS (Excluding Items) | $(0.02) | $0.06 | ||
Acquisition and Disposition Impacts1 | (0.05) | (1.28) | ||
Estimated Loss on Plants Under Construction2 | (0.10) | (0.10) | ||
Wholesale Gas Services3 | (0.04) | (0.07) | ||
Asset Impairment4 | (0.07) | (0.07) | ||
Total Change in EPS (As Reported) | $(0.28) | $(1.46) | ||
- See Notes on the following page. | ||||
Southern Company | ||||||||
EPS Earnings Analysis | ||||||||
Three and Six Months Ended June 2020 vs. June 2019 | ||||||||
Notes | ||||||||
(1) | Earnings for the six months ended June 30, 2020 primarily include a $39 million pre-tax ($23 million after-tax) gain on the sale of Southern Power Company's Plant Mankato. Earnings for the three months ended June 30, 2019 primarily include a $23 million pre-tax ($88 million after-tax) gain on the sale of Southern Power Company's Plant Nacogdoches and a $32 million pre-tax and after-tax goodwill impairment charge in contemplation of the sale of the utility infrastructure services business unit of PowerSecure, Inc. Earnings for the six months ended June 30, 2019 also include a preliminary $2.5 billion pre-tax ($1.3 billion after-tax) gain on the sale of Gulf Power Company. | |||||||
(2) | Earnings for the three and six months ended June 30, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Earnings for the three and six months ended June 30, 2020 also include a $149 million pre-tax ($111 million after-tax) charge for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4, which significantly impacted earnings and earnings per share. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2025. The additional pre-tax period and closure costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total up to $11 million for the remainder of 2020, $16 million in 2021, and $11 million to $13 million annually in 2022 through 2025. Further charges for Georgia Power Company's construction of Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. | |||||||
(3) | Earnings for the three and six months ended June 30, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |||||||
(4) | Earnings for the three and six months ended June 30, 2020 include a pre-tax impairment charge of $154 million ($74 million after tax) related to a leveraged lease. | |||||||
Southern Company | |||||||||||||||||||||||
Consolidated Earnings | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
June | June | ||||||||||||||||||||||
2020 | 2019 | Change | 2020 | 2019 | Change | ||||||||||||||||||
Income Account- | |||||||||||||||||||||||
Retail Electric Revenues- | |||||||||||||||||||||||
Fuel | $ | 676 | $ | 919 | $ | (243) | $ | 1,353 | $ | 1,723 | $ | (370) | |||||||||||
Non-Fuel | 2,506 | 2,621 | (115) | 4,907 | 4,900 | 7 | |||||||||||||||||
Wholesale Electric Revenues | 472 | 542 | (70) | 889 | 1,041 | (152) | |||||||||||||||||
Other Electric Revenues | 168 | 161 | 7 | 320 | 331 | (11) | |||||||||||||||||
Natural Gas Revenues | 636 | 689 | (53) | 1,885 | 2,163 | (278) | |||||||||||||||||
Other Revenues | 162 | 166 | (4) | 284 | 352 | (68) | |||||||||||||||||
Total Revenues | 4,620 | 5,098 | (478) | 9,638 | 10,510 | (872) | |||||||||||||||||
Fuel and Purchased Power | 821 | 1,115 | (294) | 1,638 | 2,135 | (497) | |||||||||||||||||
Cost of Natural Gas | 144 | 191 | (47) | 583 | 877 | (294) | |||||||||||||||||
Cost of Other Sales | 74 | 84 | (10) | 129 | 203 | (74) | |||||||||||||||||
Non-Fuel O&M | 1,203 | 1,320 | (117) | 2,498 | 2,634 | (136) | |||||||||||||||||
Depreciation and Amortization | 873 | 755 | 118 | 1,730 | 1,506 | 224 | |||||||||||||||||
Taxes Other Than Income Taxes | 298 | 299 | (1) | 629 | 628 | 1 | |||||||||||||||||
Estimated Loss on Plant Vogtle Units 3 and 4 | 149 | — | 149 | 149 | — | 149 | |||||||||||||||||
(Gain) Loss on Dispositions, net | — | (8) | 8 | (39) | (2,506) | 2,467 | |||||||||||||||||
Total Operating Expenses | 3,562 | 3,756 | (194) | 7,317 | 5,477 | 1,840 | |||||||||||||||||
Operating Income | 1,058 | 1,342 | (284) | 2,321 | 5,033 | (2,712) | |||||||||||||||||
Allowance for Equity Funds Used During Construction | 35 | 31 | 4 | 68 | 63 | 5 | |||||||||||||||||
Earnings from Equity Method Investments | 30 | 33 | (3) | 72 | 81 | (9) | |||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 444 | 429 | 15 | 900 | 859 | 41 | |||||||||||||||||
Impairment of Leveraged Lease | 154 | — | 154 | 154 | — | 154 | |||||||||||||||||
Other Income (Expense), net | 101 | 99 | 2 | 204 | 176 | 28 | |||||||||||||||||
Income Taxes | 5 | 145 | (140) | 150 | 1,505 | (1,355) | |||||||||||||||||
Net Income | 621 | 931 | (310) | 1,461 | 2,989 | (1,528) | |||||||||||||||||
Less: | |||||||||||||||||||||||
Dividends on Preferred Stock of Subsidiaries | 4 | 3 | 1 | 7 | 7 | — | |||||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interests | 5 | 29 | (24) | (26) | — | (26) | |||||||||||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 612 | $ | 899 | $ | (287) | $ | 1,480 | $ | 2,982 | $ | (1,502) | |||||||||||
Notes | |||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||
Kilowatt-Hour Sales and Customers | |||||||||||||||||||||||
(In Millions of KWHs) | |||||||||||||||||||||||
Three Months Ended June | Year-to-Date June | ||||||||||||||||||||||
2020 | 2019 | Change | Weather Adjusted Change | 2020 | 2019 | Change | Weather Adjusted Change | ||||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||||
Total Sales | 43,547 | 48,434 | (10.1) | % | 87,811 | 93,601 | (6.2) | % | |||||||||||||||
Total Retail Sales- | 32,460 | 36,752 | (11.7) | % | (7.5) | % | 66,505 | 71,117 | (6.5) | % | (3.7) | % | |||||||||||
Residential | 10,879 | 11,520 | (5.6) | % | 4.7 | % | 21,745 | 22,421 | (3.0) | % | 3.8 | % | |||||||||||
Commercial | 10,531 | 12,386 | (15.0) | % | (11.5) | % | 21,470 | 23,372 | (8.1) | % | (6.3) | % | |||||||||||
Industrial | 10,886 | 12,662 | (14.0) | % | (14.0) | % | 22,952 | 24,951 | (8.0) | % | (8.0) | % | |||||||||||
Other | 164 | 184 | (11.3) | % | (11.3) | % | 338 | 373 | (9.4) | % | (9.2) | % | |||||||||||
Total Wholesale Sales | 11,087 | 11,682 | (5.1) | % | N/A | 21,306 | 22,484 | (5.2) | % | N/A | |||||||||||||
(In Thousands of Customers) | |||||||||||||||||||||||
Period Ended June | |||||||||||||||||||||||
2020 | 2019 | Change | |||||||||||||||||||||
Regulated Utility Customers- | |||||||||||||||||||||||
Total Utility Customers- | 8,580 | 8,477 | 1.2% | ||||||||||||||||||||
Total Traditional Electric | 4,305 | 4,246 | 1.4% | ||||||||||||||||||||
Southern Company Gas | 4,275 | 4,231 | 1.0% | ||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||
June | June | |||||||||||||||||||||
2020 | 2019 | % Change | 2020 | 2019 | % Change | |||||||||||||||||
Southern Company1, 2 – | ||||||||||||||||||||||
Operating Revenues | $ | 4,620 | $ | 5,098 | (9.4) | % | $ | 9,638 | $ | 10,510 | (8.3) | % | ||||||||||
Earnings Before Income Taxes | 626 | 1,076 | (41.8) | % | 1,611 | 4,494 | (64.2) | % | ||||||||||||||
Net Income Available to Common | 612 | 899 | (31.9) | % | 1,480 | 2,982 | (50.4) | % | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,365 | $ | 1,513 | (9.8) | % | $ | 2,716 | $ | 2,921 | (7.0) | % | ||||||||||
Earnings Before Income Taxes | 395 | 388 | 1.8 | % | 762 | 671 | 13.6 | % | ||||||||||||||
Net Income Available to Common | 298 | 296 | 0.7 | % | 578 | 513 | 12.7 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,928 | $ | 2,117 | (8.9) | % | $ | 3,754 | $ | 3,951 | (5.0) | % | ||||||||||
Earnings Before Income Taxes | 319 | 577 | (44.7) | % | 665 | 970 | (31.4) | % | ||||||||||||||
Net Income Available to Common | 308 | 448 | (31.3) | % | 638 | 759 | (15.9) | % | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 283 | $ | 313 | (9.6) | % | $ | 559 | $ | 600 | (6.8) | % | ||||||||||
Earnings Before Income Taxes | 41 | 42 | (2.4) | % | 79 | 86 | (8.1) | % | ||||||||||||||
Net Income Available to Common | 39 | 37 | 5.4 | % | 71 | 74 | (4.1) | % | ||||||||||||||
Southern Power2 – | ||||||||||||||||||||||
Operating Revenues | $ | 439 | $ | 510 | (13.9) | % | $ | 814 | $ | 953 | (14.6) | % | ||||||||||
Earnings Before Income Taxes | 74 | 152 | (51.3) | % | 125 | 170 | (26.5) | % | ||||||||||||||
Net Income Available to Common | 63 | 174 | (63.8) | % | 138 | 230 | (40.0) | % | ||||||||||||||
Southern Company Gas – | ||||||||||||||||||||||
Operating Revenues | $ | 636 | $ | 689 | (7.7) | % | $ | 1,885 | $ | 2,163 | (12.9) | % | ||||||||||
Earnings Before Income Taxes | 87 | 112 | (22.3) | % | 441 | 459 | (3.9) | % | ||||||||||||||
Net Income Available to Common | 71 | 106 | (33.0) | % | 346 | 376 | (8.0) | % | ||||||||||||||
Notes | ||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | ||||||||||||||||||||||
(1) | Earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019. | |||||||||||||||||||||
(2) | Earnings and revenue comparisons to the prior year were significantly impacted by Southern Power Company's dispositions of Plant Nacogdoches on June 13, 2019 and Plant Mankato on January 17, 2020. | |||||||||||||||||||||
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SOURCE Southern Company
Article Date
7/30/20207/28/2020 - Georgia Power Smart Neighborhood recognized by SEPA for innovation, research and collaboration
Georgia Power Smart Neighborhood recognized by SEPA for innovation, research and collaboration
Source: PR Newswire
ATLANTA, July 28, 2020 /PRNewswire/ -- Georgia Power's Smart Neighborhood Initiative has been recognized by the Smart Electric Power Alliance (SEPA) as part of its annual awards that celebrate innovation and collaboration of utilities, industry players and individuals shaping the future of energy. The initiative was included in Southern Company's designation as a 2020 SEPA Utility Business Models Power Player of the Year.
"We are proud to be recognized as the 2020 SEPA Utility Business Models Power Player of the Year," said Nicole Faulk, senior vice president of Corporate and Customer Services for Georgia Power. "This award recognizes our commitment to innovation, research and development. It is a testament to all of the employees involved in our Smart Neighborhood initiative as well as our continued focus on meeting customers' current and future energy needs through cutting-edge research and technology."
The 2020 SEPA Utility Business Models Power Player of the Year award recognizes unique innovation and leadership in efforts to create new utility business models that advance the adoption of clean energy resources and help to achieve carbon reduction and clean energy goals.
Georgia Power has been a leader in Smart Home innovation, helping bring new technologies to homebuilding in the state. The company's Smart Neighborhood™ initiative provides customers with state-of-the-art home construction, distributed energy resources including solar, battery energy storage and smart home appliances and technologies. Southern Company was recognized by SEPA for its Smart Neighborhood initiatives. Georgia Power is a wholly owned subsidiary of Southern Company.
Georgia Power's Smart Neighborhood
Georgia's first-of-a-kind Smart Neighborhood, located in Atlanta, includes 46 technology-enhanced townhomes in the Georgia Power Smart Neighborhood developed at Altus at the Quarter. Each home is served by Georgia Power and supplemented by rooftop solar installations and in-home battery energy storage.
Homeowners in these innovative homes will see improved reliability, increased use of distributed energy resources and lower costs. These homes are also equipped with the latest energy technologies such as optimal insulation for maximum efficiency, advanced heating and cooling systems and LED lighting. They feature home automation, including smart thermostats, smart locks and voice control.
The Smart Neighborhood is a real-world research and development (R&D) project, including a supporting partnership with the Southern Company Energy Innovation Center. The company collaborated with U.S. Department of Energy's Oak Ridge National Laboratory and the Electric Power Research Institute on the initiatives. The information and data collected from the distributed energy resources will provide researchers valuable operational experience as the company continues to evaluate microgrids along with residential battery storage and rooftop solar. Information from the HVAC systems, heat pump water heaters and other technologies will help inform new programs and services for customers.
To learn more about the Georgia Power Smart Neighborhood, visit www.georgiapower.com/smartneighborhood. To learn more about SEPA, visit www.sepapower.org. To watch the 2020 SEPA Utility Business Models Power Player of the Year Video, visit https://youtu.be/AR0Rj3Nvna4,
Georgia Power also offers a full suite of smart-home options, which includes easy access to products and services to help make customers' homes more energy efficient and connected. The company brings together popular products in the Smart Neighborhood, including the latest in smart thermostats and smart home products such as smart filters, lighting, door locks, light switches, vents, smoke alarms and doorbells, to a single convenient online portal on Georgia Power Marketplace.
Georgia Power's Smart Initiatives
In addition to smart neighborhoods, Georgia Power's smart initiatives include electric vehicle charging infrastructure to make electric transportation use in cars and buses convenient, battery energy storage that maximizes the value of renewable energy, digital security technologies to help make communities safer, microgrids that leverage smart energy management systems, and smart meters that provide greater insight to customers' real time use, help reduce outage times and more.
Georgia Power's state-of-the-art automation solutions are also featured in the Curiosity Lab in Peachtree Corners, Georgia. The new living laboratory, a 1.5-mile intelligent mobility and smart city laboratory, is the first of its kind in the country. 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. The Curiosity Lab reinforces the company's commitment to research and development and provides another way to continue growing smart solutions that benefit customers across the state.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/28/20207/27/2020 - Southern Company recognized as 2020 SEPA Utility Business Models Power Player of the Year
Southern Company recognized as 2020 SEPA Utility Business Models Power Player of the Year
Source: PR Newswire
ATLANTA, July 27, 2020 /PRNewswire/ -- Southern Company has been named the 2020 Smart Electric Power Alliance (SEPA) Utility Business Models Power Player of the Year. The announcement comes as part of SEPA's annual awards that celebrate innovation and collaboration of utilities, industry players and individuals shaping the future of energy.
The Utility Business Models Power Player of the Year award recognizes organizations, project teams and/or individuals who have demonstrated unique innovation and leadership in efforts to create new utility business models that advance the adoption of clean energy resources and help to achieve carbon reduction and clean energy goals.
Southern Company's first-of-its-kind Smart Neighborhood Initiative is a real-world R&D project designed to help inform how energy could be produced, delivered and consumed in the future. In Smart Neighborhoods designed and developed by the Southern Company system and its project partners, homeowners agree to allow data collection on power usage and environmental information from their homes which, along with data from the distributed energy resources, will provide researchers valuable operational experience as the company continues to evaluate microgrids, residential battery storage and rooftop solar. Data collected from the HVAC systems, heat pump water heaters and other technologies will help inform new programs and services that will better meet customer needs. The state-of-the-art homes and latest technologies benefit customers through improved comfort and convenience as well as lower operating costs. Additionally, the Southern Company system's renewable energy subscription programs and grid investment plan demonstrate its commitment to building the future of energy.
"This year's Power Players winners showcase innovation in clean energy," said SEPA President & CEO Julia Hamm. "They are spearheading the visionary projects, innovative programs, and collaborative partnerships that will accelerate the transition to a clean and modern energy future. As our industry grapples with unprecedented challenges brought by the COVID-19 pandemic, this leadership is more necessary now than ever."
The Southern Company system's Smart Neighborhood Initiative demonstrates the company's industry-leading commitment to building the future of energy. The Southern Company system continues to increase the reliability, resiliency and affordability of the clean energy delivered to the system's customers and communities.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/27/2020Georgia Power Launches Interactive STEM-Based Educational Videos
Source: PR Newswire
ATLANTA, July 22, 2020 /PRNewswire/ -- For parents looking for new ways to help keep children learning while outside of the classroom this summer, Georgia Power's education team has created a series of interactive videos that allow students to discover science, technology, engineering and math (STEM) through activities at home. The videos cover a variety of STEM energy topics with hands-on activities requiring only a few basic supplies, most of which can be found around the house.
"These videos are another way to engage students at home to explore STEM concepts," said Lisa Olens, Georgia Power Education Manager. "The activities are designed to help make it exciting and fun for students to learn about the transformation of energy by building a balloon rocket or learn about solar energy by making s'mores in a simple sun-powered oven. There are many other topics and we hope students, parents and educators will find these videos helpful as they look for fun educational activities that can be done from home."
To get started with these interactive activities and to learn more about Georgia Power's Learning Power program, visit www.learningpower.org.
Learning Power, Georgia Power's signature education program, is proud to partner with Georgia educators to electrify classrooms with lessons on energy and energy efficiency. Since its inception in 2011, Learning Power has engaged 790,000+ students across Georgia.
Georgia Power Education Coordinators – twenty instructors serving schools statewide – have long delivered hands-on, STEM-based energy and efficiency lessons to amplify classroom learning. Aligned with the Georgia Standards of Excellence in science and math, interactive labs and creative classroom activities support STEM learning and energy industry career exploration. The programs, lesson plans, and activities are provided at no cost to teachers or schools.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/22/20207/20/2020 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, July 20, 2020 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 64 cents per share on the company's common stock, payable Sept. 8, 2020, to shareholders of record as of Aug. 17, 2020.
Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/20/20207/15/2020 - Southern Company scores 100% on Disability Equality Index for the fourth consecutive year
Southern Company scores 100% on Disability Equality Index for the fourth consecutive year
Source: PR Newswire
ATLANTA, July 15, 2020 /PRNewswire/ -- The 2020 Disability Equality Index (DEI) has rated Southern Company as one of the "Best Places to Work for Disability Inclusion." For the fourth year in a row, Southern Company joins an elite group of companies with a 100 percent score on the DEI for a strong dedication to leading disability-inclusion practices.
Every year since the DEI's inception in 2015, Southern Company has been listed among the top-ranked companies and each of the past four years has earned a score of 100 percent.
"Southern Company is honored to be recognized as one of the Best Places to Work for Disability Inclusion," said Sloane Drake, senior vice president of Human Resources. "We believe diversity in all forms is one of our core strengths, and we are committed to advancing disability inclusion and equality across our businesses. Many of our employee resource groups, along with our recruiting organization and supplier diversity personnel engage with the disability community through programs, education and community service."
The DEI is a joint initiative of the American Association of People with Disabilities (AADP) and Disability:IN that measures policies and practices on a scale from zero to 100 with a score of 100 awarded only to those companies deemed most inclusive. As the nation's most trusted and comprehensive benchmarking tool for disability inclusion, the DEI provides an objective assessment of overall business practices.
"The best way to attract, retain and grow talent with disabilities is to create an accessible, inclusive workplace. This year's top scoring Disability Equality Index companies are demonstrating their commitment to many of the numerous leading disability inclusion practices featured in the DEI," said Jill Houghton, president and chief executive officer of Disability:IN. "We are proud to have strong partnerships with corporate allies who are committed to advancing disability inclusion and equality across their businesses in the United States and around the world."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About the Disability Equality Index®
The Disability Equality Index (DEI) is a national, transparent benchmarking tool that offers businesses an opportunity to self-report their disability inclusion policies and practices. It was developed by two national leaders, American Association of People with Disabilities (AAPD) and Disability:IN, in consultation with the appointed DEI Advisory Committee, a diverse group of experts in business, policy and disability advocacy. Learn more at: www.DisabilityEqualityIndex.org
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SOURCE Southern Company
Article Date
7/15/20207/15/2020 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., July 15, 2020 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending September 30, 2020, payable October 1, 2020, to shareholders of record on September 16, 2020.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
7/15/20207/14/2020 - Closed Vessel Testing complete for Vogtle Unit 3
Closed Vessel Testing complete for Vogtle Unit 3
Source: PR Newswire
ATLANTA, July 14, 2020 /PRNewswire/ -- Closed Vessel Testing has been completed for Vogtle Unit 3 at Georgia Power's nuclear expansion project near Waynesboro, Ga., marking continued progress with critical testing. The completion of this milestone prepares Unit 3 for cold hydro testing, which is required ahead of initial fuel load.
Closed Vessel Testing verifies the pipes and valves in the Unit 3 reactor coolant system were installed as designed and helps ensure safety systems function properly. To carry out Closed Vessel Testing on the plant's passive safety systems, workers installed the reactor vessel head as well as the lower and upper reactor internals and flow restrictors. These will be used during hot functional testing to mimic flow through the reactor core.
The passive safety systems are unique to the AP1000 design and require no operator actions. These systems use only natural forces such as gravity, natural circulation and compressed gas to achieve their safety function. No pumps, fans, diesel engines, chillers or other active machinery are used, except for a few simple valves that automatically align and activate the passive safety systems.
"The completion of Closed Vessel Testing is a major milestone for the project, as we continue to make progress with critical testing and in our transition from construction towards system operations," said Glen Chick, Executive Vice President of Vogtle 3 & 4 Construction.
2020 Key Milestones Achieved
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Benefits to Customers
The new Vogtle units, with regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4, are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses and provide customers with a new carbon-free energy source that is expected to put downward pressure on rates for 60 to 80 years. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
New Aerial Photos Highlight Progress
Georgia Power has released new aerial photos showing the progress being made at the site of the nation's first new nuclear units in more than 30 years. Follow the progress through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of construction and future operation of Plant Vogtle units 3 and 4 and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
7/14/20207/14/2020 - Georgia Power encourages customers to sign up for special payment options during COVID-19 pandemic recovery
Georgia Power encourages customers to sign up for special payment options during COVID-19 pandemic recovery
Source: PR Newswire
ATLANTA, July 14, 2020 /PRNewswire/ -- 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.
The suspension of disconnections remains in place until tomorrow, July 15, and customers with a past-due account balance are encouraged to establish a payment plan or consider the additional options Georgia Power is offering customers:
Georgia Power customers can sign up for a special payment plan at www.georgiapower.com/paymentplan, or by logging into the "My Account" section on www.georgiapower.com. They can also enroll using the company's automated system by calling customer service at 1-888-660-5890.
Relief on summer bills
On May 28, the Georgia Public Service Commission (PSC) approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. The implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the summer months. The lower fuel rate and special interim reduction will lower the total bill of a typical residential customer using an average of 1,000 kilowatt-hours by a total of $10.26 per month from June through September 2020.
Georgia Power also announced last month that the typical residential customer using 1,000 kilowatt-hours would receive an $11.29 credit on their June Georgia Power bill. This reflected implementation of a one-time $51.5 million credit for customers, also approved by the PSC.
Energy Assistance Programs
Georgia Power partners with nonprofit, community and faith-based organizations to offer assistance programs to those in need. These programs include:
Visit www.GeorgiaPower.com/EnergyAssistance for more information.
Tips, Tools & Resources
Georgia Power encourages its customers to use online tools to help manage their energy use such as the My Power Usage program, a free service connected to many Georgia Power online accounts. My Power Usage allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Customers can take advantage of the company's free Online Energy Checkup. The 15-minute quick and easy service provides a customized report to help customers understand their energy use and find ways to save money where you can use your actual power bills to generate a customized report. You will enter information about your home and family to measure how you use energy. Whether customers own a home or rent, tailored tips are available at www.GeorgiaPower.com/Save. This site also includes access to a variety of rebates and incentives for both homes and businesses. Energy efficiency measures for customers include continued development and implementation of new plans and programs approved in the 2019 Integrated Resource Plan.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower [facebook.com]), Twitter (Twitter.com/GeorgiaPower [twitter.com]) and Instagram (Instagram.com/ga_power [instagram.com]).
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SOURCE Georgia Power
Article Date
7/14/20207/14/2020 - Business customers rank three Southern Company Gas utilities as their most trusted providers
Business customers rank three Southern Company Gas utilities as their most trusted providers
Source: PR Newswire
ATLANTA, July 14, 2020 /PRNewswire/ -- Three local distribution companies from Southern Company Gas have been named among the 2020 Most Trusted Business Partners in the utility industry, according to a Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Business study from Escalent. Chattanooga Gas, Nicor Gas and Virginia Natural Gas were ranked among the top 13 Most Trusted Business Partners as part of the annual nationwide survey, thanks in large part to their efforts to help businesses overcome the challenges caused by the COVID-19 pandemic.
"Our commitment to our customers and communities extends beyond the delivery of clean, safe, reliable and affordable natural gas," said Kim Greene, chairman, president and CEO of Southern Company Gas. "During these times of uncertainly, it is especially important that customers are certain their energy needs will be met. We have increased communications with them, added flexible payment options and new financial assistance offerings, and partnered with local nonprofits to support essential programs and services. It is an honor to see our employees' hard work and care for their neighbors reflected in this feedback from our customers."
Among six components that make up the study's Brand Trust Index score, customer engagement and business community support saw the greatest increases due to how utilities have responded to the COVID-19 pandemic with financial help and philanthropic work. At Southern Company Gas, that additional support included a new COVID-19 Business Resource Center, which was created to help small businesses navigate new resources available from the company, the U.S. Small Business Administration, the Department of the Treasury and other organizations. Citing this type of initiative, Escalent found business customers now rate their utility as their most trusted service provider overall, outranking their primary bank and all other vendors.
Chattanooga Gas and Virginia Natural Gas ranked first and second, respectively, among all utilities in the South region, and Nicor Gas ranked second among utilities in the Midwest region. This is the second year Southern Company Gas local distribution companies have participated in the survey, with customers from all three businesses awarding them higher Brand Trust Index scores year over year.
The study from Escalent, a top human behavior and analytics firm, based its findings on a survey of 14,583 business electric, natural gas and combination utility customers of the 77 largest U.S. utility companies (based on customer counts).
For more information about Southern Company Gas and its commitment to its customers and communities that are served across four states, please visit southerncompanygas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
About Chattanooga Gas
Chattanooga Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Chattanooga Gas provides retail natural gas sales and transportation services to approximately 66,000 customers in Hamilton and Bradley counties in southeast Tennessee. The Chattanooga Gas service area includes the communities of Chattanooga, Cleveland, Red Bank, East Ridge, Lookout Mountain and Signal Mountain. For more information, please see chattanoogagas.com.
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia. Virginia Natural Gas has been recognized as one of the safest, most reliable and customer-focused natural gas service providers and is consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates. In 2018, Virginia Natural Gas was named Local Distribution Company of the Year by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association for the third consecutive year. For more information, visit virginianaturalgas.com and connect with the company on Facebook, Twitter and Instagram.
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SOURCE Southern Company Gas
Article Date
7/14/2020Latest round of major tests completed on Vogtle Unit 3 containment vessel
Source: PR Newswire
ATLANTA, July 13, 2020 /PRNewswire/ -- A major testing milestone on the Vogtle Unit 3 containment vessel's structural integrity and safety functions has been completed at Georgia Power's nuclear expansion project near Waynesboro, Georgia.
The structural integrity test and integrated leak rate test were completed in succession and demonstrated the containment vessel meets construction quality and design requirements. The containment vessel serves as a barrier to protect the public and surrounding communities by containing material produced inside the reactor vessel in the unlikely event of an emergency.
The structural integrity test called for the vessel to be pressurized for the first time and then closely monitored to confirm that it meets industry standards. While pressurized, each accessible weld seam on the containment vessel was inspected by specially trained inspectors.
The integrated leak rate test examined individual component and integrated systems to verify that the containment vessel and its isolation valves, piping and electrical penetrations, and hatches properly performed their intended safety functions. The integrated leak rate test will be performed periodically during the lifetime of the plant.
The completion of this containment vessel milestone marks progress toward hot functional testing and critical testing on the primary and secondary sides of the unit, which are required ahead of initial fuel load.
"The successful and safe completion of these major tests helps ensure our plant is built to the quality expected of a world-class nuclear facility and demonstrates our continued progress with testing," said Vogtle 3 & 4 Construction Executive Vice President Glen Chick.
2020 Key Milestones Achieved
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Benefits to Customers
The new Vogtle units, with regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4, are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses and provide customers with a new carbon-free energy source that is expected to put downward pressure on rates for 60 to 80 years. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
New Aerial Photos Highlight Progress
Georgia Power has released new aerial photos showing the progress being made at the site of the nation's first new nuclear units in more than 30 years. Follow the progress through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of construction and future operation of Plant Vogtle units 3 and 4 and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
7/13/20207/10/2020 - Georgia Power offers energy-saving tips to help reduce impact of summer heat during COVID-19
Georgia Power offers energy-saving tips to help reduce impact of summer heat during COVID-19
Source: PR Newswire
ATLANTA, July 10, 2020 /PRNewswire/ -- With temperatures heating up across Georgia this summer and more families spending time closer to home due to the COVID-19 pandemic, Georgia Power encourages customers to minimize the impact of increased energy use on electric bills by following simple efficiency tips.
Additionally, the company's fuel rate reductions of approximately $10.26 per month this summer and a bill credit of $11.29 last month for a typical residential customer using an average of 1,000 kilowatt-hours a month are providing direct relief on summer bills. The company is also offering energy assistance programs to help those in need.
Tips, Tools & Resources
Whether customers own a home or rent, tailored tips are available at www.GeorgiaPower.com/Save, which also includes access to a free Online Energy Checkup and a variety of rebates and incentives for both homes and businesses.
Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Simple tips focused on savings as the summer heats up, include:
Relief on summer bills
On May 28, the Georgia Public Service Commission (PSC) approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. The implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the summer months. The lower fuel rate and special interim reduction will lower the total bill of a typical residential customer using an average of 1,000 kilowatt-hours by a total of $10.26 per month from June through September 2020.
Georgia Power also announced last month that the typical residential customer using 1,000 kilowatt-hours would receive an $11.29 credit on their June Georgia Power bill. This reflected implementation of a one-time $51.5 million credit for customers, also approved by the PSC.
Energy Assistance Programs
Georgia Power partners with nonprofit, community and faith-based organizations to offer assistance programs to those in need. These programs include:
Visit www.GeorgiaPower.com/EnergyAssistance for more information.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/10/2020Southern Company second-quarter earnings to be released July 30
Source: PR Newswire
ATLANTA, July 9, 2020 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2020 by 7:30 a.m. EDT on Thursday, July 30th.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Thursday, July 30th.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/9/20207/8/2020 - Georgia Power offering special payment options for customers during COVID-19 pandemic recovery
Georgia Power offering special payment options for customers during COVID-19 pandemic recovery
Source: PR Newswire
ATLANTA, July 8, 2020 /PRNewswire/ -- 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 by July 15 will be able to pay past-due balances over a six-month timeframe between October 2020 and March 2021, with no late fees.
The suspension of disconnections also remains in place until July 15, and customers with an outstanding balance are encouraged to establish a payment plan, or consider the additional options Georgia Power is offering customers:
Georgia Power customers should sign up for a special payment plan by July 15 at www.georgiapower.com/paymentplan, or by logging into the "My Account" section on www.georgiapower.com. They can also enroll using our automated system by calling customer service at 1-888-660-5890.
Relief on summer bills
On May 28, the Georgia Public Service Commission (PSC) approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. The implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the summer months. The lower fuel rate and special interim reduction will lower the total bill of a typical residential customer using an average of 1,000 kilowatt-hours by a total of $10.26 per month from June through September 2020.
Georgia Power also announced last month that the typical residential customer using 1,000 kilowatt-hours would receive an $11.29 credit on their June Georgia Power bill. This reflected implementation of a one-time $51.5 million credit for customers, also approved by the PSC.
Energy Assistance Programs
Georgia Power partners with nonprofit, community and faith-based organizations to offer assistance programs to those in need. These programs include:
Visit www.GeorgiaPower.com/EnergyAssistance for more information.
Tips, Tools & Resources
Georgia Power encourages its customers to use online tools to help manage their energy use such as the My Power Usage program, a free service connected to many Georgia Power online accounts. My Power Usage allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Customers can take advantage of the company's free Online Energy Checkup. The 15-minute quick and easy service provides a customized report to help customers understand their energy use and find ways to save money where you can use your actual power bills to generate a customized report. You will enter information about your home and family to measure how you use energy. Whether customers own a home or rent, tailored tips are available at www.GeorgiaPower.com/Save. This site also includes access to a variety of rebates and incentives for both homes and businesses. Energy efficiency measures for customers include continued development and implementation of new plans and programs approved in the 2019 Integrated Resource Plan.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower [facebook.com]), Twitter (Twitter.com/GeorgiaPower [twitter.com]) and Instagram (Instagram.com/ga_power [instagram.com]).
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SOURCE Georgia Power
Article Date
7/8/2020Georgia Power shares water and boating safety tips for Independence Day holiday weekend
Source: PR Newswire
ATLANTA, June 30, 2020 /PRNewswire/ -- 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.
The company is also encouraging visitors to give special attention to water and boating safety tips, as an influx of boaters and swimmers is expected on Georgia's lakes for the holiday weekend. That makes understanding lake conditions and water safety information even more important to ensure a fun and memorable experience enjoying Georgia's natural beauty.
SPLASH, a longstanding Georgia Department of Natural Resources initiative supported by Georgia Power aims to greatly reduce the number of deaths and injuries from drownings and other accidents on the water. Drowning is the second leading cause of accidental death for children 1 to 4 years of age, according to the Georgia Department of Public Health.
SPLASH encourages citizens to follow these tips when enjoying beaches, pools, lakes, rivers and other bodies of water:
Supervision – Designate an adult to watch children at all times. Do not assume someone else is watching.
Prevention – Wear personal flotation devices (PFD or life jacket), install fencing around pools, and use drain covers in pools.
Look before you leap – Never jump into water without knowing how deep it is and what is below the surface.
Arm's Length – Adults should be arm's length to children in water, and safety tools such as hooks should be nearby at all times.
Swim Lessons – Knowing how to swim greatly reduces the chance of drowning. Classes are often available through the Red Cross or YMCA.
Have a Water Safety Plan – Know what to do during an emergency.
Boating and Water Sports
The company also wants boaters on any of Georgia Power's lakes to have a safe and enjoyable experience by remembering simple safety tips such as:
Find out more by visiting at www.georgiapowerlakes.com, where you can find detailed information about all of the Georgia Power properties, including facilities and amenities – some of which are closed due to the COVID-19 pandemic – local attractions and water safety information. On the site, visitors can also check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
In addition, the company provides additional water safety tips through its lake safety public service announcement on the Georgia Power YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/30/2020Nicor Gas President Melvin D. Williams to retire after more than 30 years of service
Source: PR Newswire
NAPERVILLE, Ill., June 29, 2020 /PRNewswire/ -- 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.
Since his appointment as president of Nicor Gas in 2015, Williams has continually advanced the company's focus and commitment to safety, establishing it as the number one value in providing safe and reliable natural gas to Nicor Gas' 2.2 million customers.
Under his leadership, the largest infrastructure rehabilitation effort in Nicor Gas' history was deployed. Through Investing in Illinois, cast iron main pipelines and copper services were retired, resulting in the safe replacement of more than 831 miles of aging, natural gas pipeline and underground storage systems. Nearly 100,000 service replacements also were conducted throughout the 656 communities Nicor Gas serves. Investing in Illinois is Nicor Gas' system improvement initiative designed to help ensure the continued safe and reliable delivery of natural gas in the state of Illinois.
"I'm humbled to have been a part of a team who always puts customers and their safety first. The company would not continuously improve our systems and communities without the dedication and hard work of every single employee," Williams said. "They put safety above all else because they believe it. It's personal to us – all of us. Time and time again, this commitment superseded any other obligation we have had as a company, and our communities are better for it."
"Melvin Williams is a dedicated and respected leader who has been an ardent champion of natural gas and its benefits. Anyone who has met Melvin knows he holds the safety of his employees, customers and communities first. His leadership will be greatly missed," said Kim Greene, Southern Company Gas chairman, president and CEO. "Melvin's many accomplishments span his decades with Southern Company Gas, and our industry is better thanks to his contributions. We all wish him the very best in his well-deserved retirement."
Williams began his career with Southern Company Gas in 1989. His depth of knowledge in all facets of natural gas utility distribution increased over the next 31 years as Williams held leadership positions in numerous areas of the company, including sales and new business development, regulatory affairs, utility operations and financial planning and analysis. Prior to his current position, Williams served as senior vice president of planning and business services operations. He also served as vice president and general manager of Atlanta Gas Light and Florida City Gas.
As a champion of diversity and inclusion for employees and our communities, Williams served on the Southern Company Gas Leadership, Empowerment, Acceptance and Diversity (LEAD) Council and is the founding chairman of the Illinois Utilities Business Diversity Council, as well as a member of the Chicago chapter of the American Association of Blacks in Energy.
During his tenure at Southern Company Gas, Williams actively supported numerous community and youth organizations and continues to be passionate about charitable causes. His dedication and engagement include serving on the board of directors for United Way of Metropolitan Chicago, the board of trustees for the Field Museum of Chicago; and the board of the Southern Company Gas Charitable Foundation. He also is a lifetime member and Hall of Fame inductee of the Frank Callen Boys & Girls Club of Savannah. Williams earned a bachelor's degree in business administration from Savannah State University.
John O. Hudson, III, executive vice president and chief external and public affairs officer at Southern Company Gas, will succeed Williams as president and CEO of Nicor Gas.
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit nicorgas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Nicor Gas
Article Date
6/29/2020Georgia Power Announces Resequencing of Vogtle Units 3 & 4 Planned Activities
Source: PR Newswire
ATLANTA, June 23, 2020 /PRNewswire/ -- Georgia Power today announced a resequencing of certain planned activities at Plant Vogtle Units 3 & 4.
Since the outbreak of the COVID-19 pandemic, Georgia Power and Southern Nuclear have made significant adjustments to work practices at the project site, designed to protect the health and safety of the project workforce while maintaining productivity. These adjustments, along with continued challenges in electrical construction productivity, have required work to be performed differently, necessitating a resequencing of activities.
As a result, for Unit 3, the planned timing of the structural integrity test and integrated leak rate testing will occur before cold hydro testing, and the planned timing for start of cold hydro testing has been moved from July to the fall of 2020. The company continues to work toward fuel load occurring in 2020; however, this milestone is not required to be achieved until later in 2021 to support the regulatory-approved in-service dates.
"Georgia Power and Southern Nuclear are continuing to employ an aggressive site work plan as part of a strategy to maintain margin to the regulatory-approved in-service dates and the resequencing of these activities reflects our efforts," said Glen Chick, Executive Vice President of Vogtle 3 & 4 Construction. "The project team continues to accomplish major milestones despite the ongoing pandemic, while keeping safety and quality our top priority."
The current regulatory-approved in-service dates remain November 2021 and November 2022 for Units 3 & 4, respectively.
2020 Milestones Achieved
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and startup of Plant Vogtle units 3 and 4 and related activities. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the continued effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
Article Date
6/23/2020Southern Company Gas Announces Leadership Changes in Georgia and Tennessee as Part of Ongoing Strategy to Support Customer Demands
Source: PR Newswire
ATLANTA, June 22, 2020 /PRNewswire/ -- 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.
In his new role, Batson will oversee external affairs, corporate communications, marketing, customer service, community relations, economic development and environmental affairs at Southern Company Gas. Additionally, he will serve as president of the Southern Company Gas Charitable Foundation, which donates millions of dollars in grants annually to nonprofits focused on the environment, economic development, energy assistance, the arts and education. He will also continue to serve on the Southern Company Gas Management Council.
"Bryan's leadership has seen our company through years of growth and change, and as our industry evolves, his trusted counsel will continue to ensure we can rise to whatever challenges the future may bring," said Kim Greene, Southern Company Gas chairman, president and chief executive officer. "His deep roots in the energy industry will prove invaluable as we seek to further engage with our customers and communities."
Batson has more than 36 years of experience with Southern Company Gas and has held several leadership positions in commercial operations, regulatory affairs, external affairs, engineering and field operations. Under Batson's leadership, both Atlanta Gas Light and Chattanooga Gas helped herald in unprecedented periods of development in their service territories, successfully growing their infrastructure to accommodate rising demand, enhancing customer service offerings and increasing access to clean fuel for the transportation industry.
A leader closely engaged in communities across Georgia, Batson will continue to serve on the boards of directors for Central Atlanta Progress, the Georgia Nature Conservancy, the Regional Business Coalition of Metropolitan Atlanta, the Council for Quality Growth and the Georgia Chamber of Commerce. He also serves as chairman of the Georgia Chamber Energy and Natural Resources Policy Committee, is a member of the Technical College System of Georgia board of trustees and sits on the Atlanta Committee for Progress Community and Governmental Affairs Advisory Council. A registered professional engineer and a graduate of Leadership Atlanta and Leadership Georgia, Batson earned a bachelor's degree in civil engineering from Clemson University and a master's degree in technology management from Mercer University.
Cherry, in his new role, will oversee all aspects of the company's southern operations, bringing clean, safe, reliable and affordable gas to approximately 1.6 million customers in Georgia and Tennessee. In addition, he will join the Southern Company Gas Management Council and the board of directors for the Southern Company Gas Charitable Foundation.
"I am pleased to welcome Pedro into the fold," said Greene. "Our customers' demands continue to grow and evolve, and his diverse set of experiences will be invaluable as we seek to enhance our customer service offerings, drive innovation and maintain safety across our Southern territories."
Cherry joined Southern Company in 1997 after working as an engineer and business analyst for Carolina Power and Light Corporation, and he has held roles of increasing responsibility in finance, community and economic development, sales, customer service, operations and external affairs. In his most recent role, Cherry led more than 5,000 employees in Georgia Power's Customer Service and Operations organization, directing customer service, power delivery, sales and marketing, corporate services and regional external affairs for the company's 2.6 million customers.
Cherry, a CFA Charterholder, is a member of the CFA Institute, 100 Black Men of Atlanta and Auburn's Alumni Engineering Council, and he serves on the boards of the Georgia Department of Economic Development, Leadership Atlanta, Zoo Atlanta and the Georgia Tourism Foundation. Additionally, he sits on the Clark Atlanta University board of trustees, the advisory board of the North Georgia Division of Synovus and the Georgia Chamber of Commerce board of governors.
Cherry is a graduate of Leadership Atlanta, Leadership Georgia and the Atlanta Regional Commission's Regional Leadership Institute. He holds a bachelor's degree in industrial engineering and a master's in business administration, focused on finance and operations management, from Auburn University.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Chattanooga Gas
Chattanooga Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Chattanooga Gas provides retail natural gas sales and transportation services to approximately 66,000 customers in Hamilton and Bradley counties in southeast Tennessee. The Chattanooga Gas service area includes the communities of Chattanooga, Cleveland, Red Bank, East Ridge, Lookout Mountain and Signal Mountain. For more information, please see chattanoogagas.com.
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SOURCE Southern Company Gas
Article Date
6/22/2020Southern Company forms Southern Energy Resources group, names Cummiskey Group CEO
Source: PR Newswire
ATLANTA, June 22, 2020 /PRNewswire/ -- 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 Power, PowerSecure and Southern Holdings will maintain their brands as individual companies and Mark Lantrip, president and CEO of Southern Company Services, will continue as chairman of each.
Cummiskey was previously executive vice president of external affairs and nuclear development for Georgia Power, also a Southern Company subsidiary.
Effective July 1, Cummiskey is responsible for Southern Company's competitive power businesses in front of the meter and behind the meter including a growing Energy Services business. As CEO of Southern Holdings, Cummiskey will also be responsible for Southern Company's strategic and venture capital investment activities.
In his career, Cummiskey has served as chief commercial officer of Southern Power and as commissioner of the Georgia Department of Economic Development.
Cummiskey is a past member of the Board of Regents of the University System of Georgia and the Georgia Ports Authority. He earned his bachelor's degree in business administration from the University of Georgia. He and his wife, Rebecca, reside in Atlanta with their two children, Addison and Jack.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
6/22/2020Georgia Power announces executive leadership moves
Source: PR Newswire
ATLANTA, June 22, 2020 /PRNewswire/ -- 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.
"The depth of experience across our leadership team is instrumental in shaping how we adapt as our business, customers and communities change," said Paul Bowers, chairman, president and CEO of Georgia Power. "At Georgia Power, our leaders help ensure we are making decisions that best reflect the needs of our customers today and in the future."
The following appointments are effective July 1:
Meredith Lackey will become executive vice president of External Affairs and Nuclear Development. Lackey will lead the company's policies and activities in community and economic development, corporate communication, environmental affairs, governmental and regulatory affairs, regional external affairs, land management, pricing and planning and nuclear development. Lackey currently serves as senior vice president, General Counsel, Corporate Secretary & Chief Compliance Officer and succeeds Chris Cummiskey, who has been named Group CEO for Southern Energy Resources.
Sterling Spainhour will become senior vice president, General Counsel, Corporate Secretary & Chief Compliance Officer. Spainhour will oversee corporate compliance, risk management, security and legal services functions and succeeds Lackey in this role. Spainhour currently serves as senior vice president and General Counsel for Southern Company Services (SCS) and will maintain his responsibilities for the corporate, energy regulation and technology functions for SCS.
As part of the leadership moves, Pedro Cherry, currently serving as executive vice president of Customer Service and Operations, has been named president and CEO of Atlanta Gas Light and Chattanooga Gas, effective August 1.
"Chris and Pedro have both played an important role in leading our company, each leaving a positive, lasting impact on our state and customers," said Bowers. "Each of them has always led as a citizen wherever we serve first – helping us navigate how we continue to serve our customers and communities with excellence as our industry evolves."
Additionally, Georgia Power's Customer Service and Operations organization will be restructured into two organizations – Power Delivery, and Corporate and Customer Services.
This restructure reflects the company's focus on maintaining a reliable, resilient electric grid, as well as providing exceptional customer service in communities across the state with both organizations reporting directly to the chairman, president and CEO of Georgia Power.
Glen Grizzle, senior vice president of Power Delivery, will continue as leader of the Power Delivery organization as Georgia Power invests heavily in transmission and distribution infrastructure and strengthening the reliability and resiliency of the electric grid. Grizzle's responsibilities include overseeing construction, transmission maintenance and support, transmission planning and operations, the company's Distribution Control Centers, distribution design, performance and planning, distribution management systems, Metro Trouble Services, network underground, the Storm Center and more.
Nicole Faulk, currently vice president of Corporate Services, will now lead the Corporate and Customer Services organization as senior vice president to continue the company's world-class service to its customers. Faulk will be responsible for customer service, corporate services, and sales and marketing efforts for the company. She will oversee customer satisfaction, the Customer Care Center, customer operations, field services, safety and health, facilities management, fleet management, forestry and right-of-way, shared services, new product development, product distribution, e-commerce, sales management, energy efficiency and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/22/2020Southern Company Gas grows leadership team to focus on climate action, innovation and renewable natural gas strategy
Source: PR Newswire
ATLANTA, June 16, 2020 /PRNewswire/ -- 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.
"While Southern Company Gas has long been an industry leader in methane reductions, infrastructure modernization and strategic partnerships, we recognize that there is still more to be done to guarantee clean, safe, reliable, affordable energy for generations to come," said John Hudson, executive vice president of external affairs. "We are positioned now to focus our efforts more closely on how we operate, invest and innovate to address the climate crisis while maintaining value for our customers and our shareholders."
The Sustainability and Innovation Group will be led by Joanne Mello, who has been named director of sustainability and energy policy. In this role, Mello will oversee the company's sustainability and innovation strategy by aligning efforts conducted across the business and strengthening partnerships with external industry groups and stakeholders. As part of this effort, Southern Company Gas is committed to continuing to play a leadership role in reducing the carbon emissions associated with natural gas usage and promoting broader sustainability efforts, supporting the key role that natural gas plays in a clean energy future.
Most recently chief of staff to Southern Company Gas President and CEO Kim Greene, Mello supported the business's strategic goals, industrywide sustainability initiatives and the creation of an enterprise wide Innovation Council, which she chairs. After starting her career in corporate law in private practice, Mello joined the company in 2007 as an attorney and has served in various Legal Department roles, including associate general counsel for SouthStar Energy Services. She earned a Bachelor of Arts degree and a Master of Arts degree in Political Science from Emory University and a Juris Doctorate from Harvard Law School. Mello is a member of the Association of Corporate Counsel and the Women's Energy Network.
Greg Jones has been named director, Climate & Environmental Policy. In this role, he will lead the company's greenhouse gas emission initiatives and will direct the company's participation in environmental rulemaking, legislation and policy initiatives.
Previously Southern Company Gas' manager of Environmental Affairs, Jones has decades of experience engaging with energy industry leaders to develop collaborative positions on rulemaking and legislation at the state and federal level. After serving in environmental compliance roles for other companies, Jones joined the company in 2009 as a senior environmental specialist, supporting sustainability programs, policies and procedures. He earned a Bachelor of Science degree in Environmental Science from the University of Georgia. He serves as chair of the American Gas Association's (AGA) Environmental Regulatory Action Committee, vice chair of the Georgia Industrial Environmental Coalition (GIEC), and he was a past chair of the Institute for Georgia Environmental Leadership (IGEL).
The RNG Group will be led by Robin Lanier, director, RNG. In this role, she will develop and execute an effective strategy for growing Southern Company Gas' RNG capabilities, a critical component in the company's sustainability strategy. Lanier will plan, monitor and manage the company's RNG advancements.
RNG is a sustainable and interchangeable substitute for geologic natural gas. It is a carbon neutral energy source, not a fossil fuel, that can be derived from existing waste streams, such as those at farms, landfills and water resource recovery facilities, or produced with renewable electricity. RNG sourced from agriculture and waste management provides cross-sector environmental benefits.
"Expanding our portfolio further into the RNG sector can reduce Southern Company Gas' environmental impact while also creating new revenue streams," said Hudson. "We are adding dedicated staff to explore RNG's potential not only because it is a societal imperative, but because it is a business imperative, as well."
In Lanier's most recent role, she was manager of Environmental Regulatory Strategy for Georgia Power. She first joined Georgia Power during college as a distribution engineering co-op and has since served in roles of increasing responsibility focused on renewable energy and regulatory strategy.
A University of Georgia graduate with a degree in Agricultural Engineering, Lanier received her Engineering In-Training license in the state of Georgia and is also a certified energy manager through the Association of Energy Engineers. She serves on the Atlanta Audubon Society Board and previously served on the Young Professional Board of Atlanta Children's Shelter. Lanier is a mentor in GPC's Women in Engineering program and a graduate of Leadership Walton.
For more information on Southern Company Gas' environmental efforts, visit SouthernCompanyGas.com/environment.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
6/16/20206/16/2020 - Georgia Power to offer special payment options for customers during COVID-19 pandemic recovery
Georgia Power to offer special payment options for customers during COVID-19 pandemic recovery
Source: PR Newswire
ATLANTA, June 16, 2020 /PRNewswire/ -- 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.
The suspension of disconnections has also been extended until July 15 to continue assisting customers through the impacts of COVID-19.
In addition to the special payment plan, Georgia Power is offering customers the following options:
"We recognize that our customers across the state have endured an extraordinary burden due to the COVID-19 pandemic," said Kevin Kastner, Georgia Power vice president of Customer Service. "We appreciate the support of the Georgia Public Service Commission as we work to help our customers navigate through these unprecedented times."
Georgia Power customers can sign up for a special payment plan at www.georgiapower.com/paymentplan, by logging onto My Account on www.georgiapower.com, or by calling 1-888-660-5890.
Relief on summer bills
On June 1, Georgia Power announced that the typical residential customer using 1,000 kilowatt-hours will receive an $11.29 credit on their June Georgia Power bill. This reflects implementation of a one-time $51.5 million credit for customers, approved by the Georgia Public Service Commission (PSC).
The PSC also recently approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. The implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the upcoming summer months. The lower fuel rate and special interim reduction will lower the total bill of a typical residential customer using an average of 1,000 kilowatt-hours by a total of $10.26 per month from June through September 2020.
Energy Assistance Programs
Georgia Power partners with nonprofits, community and faith-based organizations to offer assistance programs to those in need. These programs include:
Tips, Tools & Resources
Georgia Power encourages its customers to use online tools to help manage their energy such as the My Power Usage program, a free service connected to many Georgia Power online accounts that allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Customers can take advantage of the company's free Online Energy Checkup. The 15-minute quick and easy service provides a customized report to help customers understand their energy use and find ways to save money where you can use your actual power bills to give you a customized report. You will enter information about your home and family to measure how you use energy. Whether customers own a home or rent, tailored tips are available at www.GeorgiaPower.com/Save. This site also includes access to a variety of rebates and incentives for both homes and businesses. Energy efficiency measures for customers include continued development and implementation of new plans and programs approved in the 2019 Integrated Resource Plan.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower [facebook.com]), Twitter (Twitter.com/GeorgiaPower [twitter.com]) and Instagram (Instagram.com/ga_power [instagram.com]).
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SOURCE Georgia Power
Article Date
6/16/20206/15/2020 - Georgia Power receives StormReady® Supporter certification by the National Weather Service
Georgia Power receives StormReady® Supporter certification by the National Weather Service
Source: PR Newswire
ATLANTA, June 15, 2020 /PRNewswire/ -- 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.
"The StormReady Supporter certification is an official recognition of our capabilities in storm safety, readiness and response," says Georgia Power Storm Center manager David Maske. "Our efforts are bolstered by the strong relationship we've developed with the National Weather Service at every stage of our storm preparedness, response and recovery efforts. We've shown time and time again that we can successfully monitor changing weather conditions and are equipped to respond quickly and safely to any service interruptions that might occur due to severe weather."
A local StormReady Advisory Board gave final approval for Supporter designation. "After seeing their operations, it is very clear that Georgia Power takes weather preparedness seriously," says NWS Peachtree City Warning Coordination Meteorologist, David Nadler. "Becoming StormReady is just another step to further enhancing their weather safety and preparedness program."
Georgia Power meets the following criteria to be recognized as a StormReady Supporter:
Georgia Power maintains an online storm center with customer tools and resources at www.GeorgiaPower.com/Storm. The company also frequently shares storm tips, such as the following, reminding customers to keep safety first during hurricane season and any time storms threaten:
About StormReady
StormReady uses a grassroots approach to help communities, including Indian nations, universities and colleges, military bases, government sites, commercial enterprises and other groups, develop plans to handle all types of extreme weather. The program encourages communities to take a new, proactive approach to improving local hazardous weather operations by providing emergency managers and public safety leaders with clear-cut guidelines on how to improve their hazardous weather operations.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/15/20206/10/2020 - Atlanta Gas Light holds statewide drive-thru food drives June 12 to benefit local foodbanks
Atlanta Gas Light holds statewide drive-thru food drives June 12 to benefit local foodbanks
Source: PR Newswire
ATLANTA, June 10, 2020 /PRNewswire/ -- 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.
This is a drive-thru event and those taking part are asked to wear a face covering for their safety and the safety of the employee and foodbank volunteers. Atlanta Gas Light is also asking that donations be placed in the trunks of vehicles, where one of the volunteers will retrieve the food items.
Local foodbanks are requesting nonperishable food such as peanut butter, canned fruits and vegetables, fruit juice, pasta sauce and boxed meals. Donations of cereal, pasta, oatmeal and rice, as well as baby products and personal hygiene items, will also be accepted.
Drive-thru Donation Locations:
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Atlanta Gas Light
Article Date
6/10/20206/8/2020 - Georgia Power and coalition of Georgia businesses urge passage of hate crimes legislation
Georgia Power and coalition of Georgia businesses urge passage of hate crimes legislation
Source: PR Newswire
ATLANTA, June 8, 2020 /PRNewswire/ -- 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.
House Bill 426, also known as the Georgia Hate Crimes Act, was passed by the Georgia House last year, but it is still with the Georgia Senate. The Senate will reconvene its session on Monday, June 15.
In the wake of the death of George Floyd and others, and the social unrest that has followed, many Georgia-based companies, including UPS, Coca-Cola, Delta, AT&T, Truist, WestRock, Genuine Parts, PulteGroup, Home Depot, Cox Enterprises, BlackRock, Salesforce, United Distributors, Invesco, Microsoft and the Metro Atlanta Chamber, are asking the state's legislature to take action and pass the comprehensive hate crimes bill to ensure the safety of all Georgians.
"Racism, intolerance or discrimination of any kind have no place in our communities or our company," said Paul Bowers, chairman, president and CEO of Georgia Power. "We stand united with these companies as we commit to finding solutions to help make our communities better for every citizen and create an inclusive environment for everyone."
In addition to signing the letter, the group of companies are launching a website, www.passhatecrimesga.com to help others encourage Georgia lawmakers to pass the bill. That website houses talking points about the legislation, ways for individuals to contact their local senators or state representatives and information on how other companies can join the coalition.
The full letter appears below.
We, the undersigned organizations, stand committed to building a better basis for peace and prosperity across our state and our country, founded on justice for all. We are all employers in Georgia who value diversity, fairness and inclusion.
Georgia businesses employ millions of citizens from all walks of life. They represent our state's rich tapestry of diversity. Georgia is annually hailed as one of the "Best places to do business," and in order to maintain that reputation, and encourage prospective companies to locate here and workers to live here, we must also be in the business of advancing policies that support the positive change and social impact our communities need in order to build a more just and inclusive world.
As the General Assembly goes back into session, we write to urge you to support, approve and sign into law a comprehensive, specific and clear bill against hate crimes. We must all stand strong and united against targeted violence and bigotry. Diversity extends to a wide range of issues from race and ethnicity, to gender, sexual orientation, religion and physical ability, among other important characteristics that make each of us different but also deserving of protection from any attack that is motivated by hatred for the victim due to bias or prejudice.
We must come together, engage in tough conversations, and find solutions to make our communities and our country a place of hope and not despair, where diversity is celebrated and justice is assured. Georgia's economic future and the dignity of our citizens depend on it.
We stand ready to provide you any assistance or support you may need to pass a hate crimes bill in Georgia and affirm that hate has no place in Georgia.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/8/2020Georgia Power customers to see $21 reduction on June bills
Source: PR Newswire
ATLANTA, June 1, 2020 /PRNewswire/ -- Georgia Power today announced that the typical residential customer using 1,000-kilowatt hours will receive an $11.29 credit on their June Georgia Power bill. This reflects implementation of a one-time $51.5 million credit for customers, approved by the Georgia Public Service Commission (PSC), as a result of Georgia Power's 2018 financial results.
Pairing the June credit with new, lower fuel rates recently announced, the typical residential customer would see a reduction of $21.55 in June.
The amount each customer receives will vary based on their 2018 usage. Georgia Power will apply the credit to June bills for customers who had active accounts as of December 31, 2018, and are still active or receiving a final bill as of June 2020.
Fuel rate lowered 17.2 percent
In addition to the approved one-time credit in June, the PSC recently approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. The implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the upcoming 2020 summer months. The lower fuel rate and special interim reduction will lower the total bill of a typical residential customer using an average of 1,000-kilowatt hours by a total of $10.26 per month from June through September 2020.
The reduction in the company's fuel rate is driven primarily by lower natural gas prices as a result of increased natural gas supplies, which the company is able to take advantage of to benefit customers due to its diverse generation sources.
February bill credit due to tax law savings
Georgia Power completed earlier this year the third and final bill credit associated with the Tax Cuts and Jobs Act of 2017, resulting in credits totaling $106 million. The typical residential customer using an average of 1,000 kilowatt-hours per month received a credit of approximately $22 on their February Georgia Power bill.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/1/20205/29/2020 - Georgia Power prepared for possible busy hurricane season as COVID-19 pandemic continues
Georgia Power prepared for possible busy hurricane season as COVID-19 pandemic continues
Source: PR Newswire
ATLANTA, May 29, 2020 /PRNewswire/ -- Georgia Power remains committed to providing its 2.6 million customers safe and reliable service, while offering important safety tips and storm resources as the 2020 Atlantic Hurricane Season arrives amid the COVID-19 pandemic. The official start of hurricane season is June 1, and while the National Weather Service predicts an above average storm season, it only takes one major storm to disrupt daily activities and cause extensive damage to communities.
Georgia Power reminds customers to keep safety first during hurricane season and offers the following storm tips:
Before severe weather strikes, customers are encouraged to become familiar with Georgia Power's Outage Map on www.georgiapower.com that makes tracking and reporting outage information on the go even easier. The Outage Map automatically adjusts to function on any desktop, handheld or mobile device and has direct access to Georgia Power's social media channels for quick engagement with customer service representatives. Additionally, users have greater search capabilities with concise alert information relating to their specific outage.
Additional Georgia Power Tools You Can Use
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/29/2020Georgia Power customers to see approximately $10 reduction in monthly summer bills
Source: PR Newswire
ATLANTA, May 28, 2020 /PRNewswire/ -- The Georgia Public Service Commission (PSC) approved Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. This reduction will lower the total monthly bill by approximately $5.32 for the typical residential customer using 1,000 kilowatt-hours per month beginning June 1, 2020.
In addition, the implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the upcoming 2020 summer months. When paired with the new lower fuel rates, the special interim reduction will lower the total bill of a typical residential customer using an average of 1,000-kilowatt hours by a total of $10.26 per month from June through September 2020.
"At Georgia Power, our diverse fuel mix enables us to take advantage of the most cost-effective resources throughout the year and pass along savings to customers. Working with the Public Service Commission and Staff to reach today's approved agreement, we saw an opportunity to pass along those savings in a way that will provide additional relief to customers navigating the impacts of COVID-19 this summer," said Paul Bowers, chairman, president and CEO of Georgia Power.
The reduction in the company's fuel rate is driven primarily by lower natural gas prices as a result of increased natural gas supplies. By working with the PSC, Georgia Power proactively plans and develops a diverse and balanced energy mix including nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Fuel rates are set separately from base rates. Georgia Power's last fuel adjustment was in 2016.
In addition to the planned reduction in fuel rates, Georgia Power completed earlier this year the third and final bill credits associated with the Tax Cuts and Jobs Act of 2017, resulting in credits totaling $106 million. The typical residential customer using an average of 1,000 kilowatt-hours per month received a credit of approximately $22 on their February Georgia Power bill.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/28/2020Southern Company announces transition to net-zero carbon emissions goal
Source: PR Newswire
ATLANTA, May 27, 2020 /PRNewswire/ -- Southern Company today moved to a long-term greenhouse gas (GHG) emissions reduction goal of net zero emissions by 2050. The company also reaffirmed its intermediate goal of a 50 percent reduction of GHG emissions from 2007 levels by 2030. These are enterprise-wide goals across all electric and gas operations. Today's action, announced during the 2020 Southern Company Annual Meeting of Stockholders, replaces the low- to no-carbon goal the company unveiled in April of 2018.
Driven primarily by low natural gas prices, and through our regulators, Southern Company has seen a rapid transition of its system's generation fleet. The Southern Company system's carbon emissions have decreased by 44 percent through 2019, and the company now expects to achieve the 50 percent reduction goal well in advance of 2030, and possibly as early as 2025. The company remains a leader in formulating and implementing a comprehensive strategy to reduce GHG emissions and will offer further detail on its progress in a report to be issued later this year.
"I continue to be confident that we are prepared and well-positioned to meet the needs of our customers, employees, communities and investors well into the future and will succeed in the transition to a net-zero carbon future," said Tom Fanning, chairman, president and CEO of Southern Company. "As always, we are committed to providing clean, safe, reliable and affordable energy to the customers we are privileged to serve."
To achieve the net-zero goal, the company will continue to reduce GHG emissions and continue our long-term commitment to energy efficiency, but also incorporate negative carbon solutions, including technology-based approaches such as direct air capture of carbon as well as natural methods like afforestation. Since 2018, the interest in decarbonization efforts in the U.S. and beyond – including with Southern Company's board and stakeholders – has evolved to incorporate concepts related to negative carbon solutions.
This long-term, strategic approach is essential to successfully reducing carbon emissions while also maintaining reliability and affordability. The transition of the generation fleet helps ensure energy remains reliable and affordable for customers while also being sensitive to the impact this transition has on communities as well as employees. All of this is executed in the absence of mandates and by constructively engaging with policymakers, regulators, investors, stakeholders and customers to support outcomes that lead to a net-zero carbon future.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning emissions reduction goals. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; available sources and costs of natural gas and other fuels; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations; and the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward‐looking information.
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SOURCE Southern Company
Article Date
5/27/2020Southern Company Gas donates $1 million to Morehouse School of Medicine to support the advancement of health equity
Source: PR Newswire
ATLANTA, May 26, 2020 /PRNewswire/ -- Southern Company Gas and the Southern Company Gas Charitable Foundation are donating $1 million toward academic expansion and efforts to provide greater equity in healthcare led by Morehouse School of Medicine (MSM).
This gift, part of MSM's Expansion into the Future Initiative, enables the medical school to strengthen its academic offerings and research enterprise, including its budding Natural Products Research Center and the development of an Emerging Pathogens Research Team focusing on topics such as coronaviruses.
"As our communities continue to be impacted by the coronavirus and work to recover from what has become a global health crisis, Southern Company Gas recognizes the immediate need to support institutions seeking solutions while addressing critical health equity issues," said Kim Greene, chairman, president and CEO of Southern Company Gas. "We support MSM's cutting-edge research and education model, which fosters greater inclusion in not only healthcare, but ultimately our entire society."
According to a study led by amfAR and the Center for Vaccine Innovation and Access and data from the U.S. Census Bureau, black Americans represent 13.4% of the U.S. population, but counties with higher black populations account for more than half of all COVID-19 cases and almost 60% of deaths. MSM's efforts to improve diversity in the medical profession, research into health challenges facing minority communities and service to underserved communities play a critical role in addressing racial inequality.
The academic expansion initiative will provide the campus community with state-of-the-art facilities that effectively integrate technology and foster collaborative learning among students, faculty, and staff. It will also support MSM's research portfolio focused on infectious diseases such as COVID-19, as well as cancer, cardiovascular disease and neuroscience, among other topics critical to improving the health of underserved communities.
"Our existing virology research's success may help to establish an even larger U.S and global structure examining emerging pathogens of all types and how we can identify and address them," says Professor Vincent C. Bond, chair of the Department of Microbiology, Biochemistry, and Immunology at MSM. "Our integrative approach to health care allows us to translate the discoveries made in labs, to the bedside of patients, and then to the communities we serve."
Recently celebrating its 45th anniversary, MSM has made monumental strides increasing the class size of each of its degree-granting programs, including the Medical program, Graduate Education in Biomedical Sciences, Graduate Education in Public Health and Physician Assistant Studies.
Higher education plays a critical role in driving economic wellbeing; however, studies have shown one approach to ending the cycle of poverty caused by our nation's long history of racial inequity considers quality education and healthcare. This is why earlier this year Southern Company Gas and its parent company, Southern Company, announced plans to donate $50 million to historically black universities and colleges to support career readiness and develop future leaders.
For more information on Southern Company Gas' efforts to support COVID-19 relief, visit scgcares.org.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
About the Southern Company Charitable Gas Foundation
The Southern Company Gas Charitable Foundation is a 501(c)(3) nonprofit committed to supporting those who are transforming lives by tackling complex challenges with revolutionary vision. Every year, the Charitable Foundation donates millions of dollars in grants to organizations that align with Southern Company Gas' values and that passionately work to improve the lives of the communities the company serves. As an independent, nonprofit philanthropic foundation, the Southern Company Gas Charitable Foundation is funded solely by Southern Company Gas through shareholder dollars.
About Morehouse School of Medicine
Morehouse School of Medicine (MSM), located in Atlanta, GA exist to improve the health and well-being of individuals and communities, increase the diversity of the health professional and scientific workforce, and address primary health care through programs in education, research, and service, with emphasis on people of color and the underserved urban and rural populations in Georgia, the nation, and the world. MSM is among the nation's leading educators of primary care physicians and has twice been recognized as the top institution among U.S. medical schools for its dedication to the social mission of education. The faculty and alumni are noted in their fields for excellence in teaching, research, and public policy, and are known in the community for exceptional, culturally appropriate patient care. Morehouse School of Medicine is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award doctorate and master's degrees.
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SOURCE Southern Company Gas
Article Date
5/26/20205/22/2020 - Final Module Placed for Vogtle Unit 3
Final Module Placed for Vogtle Unit 3
Source: PR Newswire
ATLANTA, May 22, 2020 /PRNewswire/ -- The final module for Georgia Power's Vogtle Unit 3, a massive water tank, has been placed atop the containment vessel and shield building roof at the company's Vogtle 3 & 4 nuclear expansion project near Waynesboro, Georgia. The installation represents the final module placement for Unit 3, marking another significant milestone for the project.
The large module, known as CB-20, is a major part of the AP1000 reactor's advanced passive safety system. Standing 35 feet tall and weighing more than 720,000 pounds, the large component will hold approximately 750,000 gallons of water ready to flow down in the unlikely event of an emergency to help cool the reactor. The water can also be directed into the used fuel pool, while the tank itself can be refilled from water stored elsewhere on site.
The AP1000 plant's passive safety systems require no operator actions to mitigate potential emergency situations. These systems use only natural forces such as gravity, natural circulation and compressed gas to achieve their safety function. No pumps, fans, diesels, chillers or other active machinery are used, except for a few simple valves that automatically align and actuate the passive safety systems.
The modules used for Vogtle units 3 & 4 help streamline the construction process, since they were made in advance of arriving to the project site and ready to be assembled into larger components that make up the nuclear units. Since 2011, major modules have been delivered to the site by rail and truck, and included a range of plant components such as floor and wall sections and supporting structures that surround the containment buildings and reactor vessels. The final major module arrived at the construction site in late 2019, meaning all 1,485 major modules required to complete construction had been manufactured and safely delivered.
Key Milestones
The placement of the CB-20 module follows the placement of the Unit 3 integrated head package (IHP) atop the reactor vessel. Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP is an integral component that will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel.
Additional milestones achieved over the last few months include:
Historic milestones accomplished over the past year include:
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power YouTube channel.
Benefits to Customers
The new Vogtle units, with regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4, are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses and provide customers with a new carbon-free energy source that is expected to put downward pressure on rates for 60 to 80 years. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of construction and future operation of Plant Vogtle units 3 and 4, the expected benefits of the DOE loan guarantees, and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
5/22/2020Georgia Power shares water and boating safety tips for Memorial Day weekend
Source: PR Newswire
ATLANTA, May 21, 2020 /PRNewswire/ -- As the largest non-governmental provider of recreation facilities in the state, Georgia Power today is reminding customers and lake visitors if they are planning to head out to the lake this weekend to remember social distancing and group size guidelines as advised by the Centers for Disease Control and Prevention. The company is also encouraging customers and lake visitors to remember water and boating safety tips with the start of the Memorial Day weekend.
Drowning is the second leading cause of accidental death for children 1 to 4 years of age, according to the Georgia Department of Public Health and SPLASH, a longstanding Georgia Department of Natural Resources initiative supported by Georgia Power. Through public outreach, the organizations aim to greatly reduce the number of these deaths and injuries.
SPLASH encourages citizens to follow these tips when enjoying beaches, pools, lakes, rivers and other bodies of water:
Georgia Power is also joining with other organizations across the country to recognize this week as National Safe Boating Week – a time to highlight and reinforce the importance of safety on the country's lakes, rivers and oceans. Boaters visiting any of Georgia Power's lakes can ensure a safe and enjoyable experience by remembering simple safety tips such as:
Find out more by visiting Georgia Power's Lakes & Recreation site. There you will find detailed information about all of the Georgia Power properties, including facilities and amenities, local attractions and water safety information. On the site, visitors can also check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
In addition, the company provides additional water safety tips through its lake safety public service announcement on the Georgia Power YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/21/2020Southern Power acquires Beech Ridge II Wind Facility
Source: PR Newswire
ATLANTA, May 21, 2020 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its 13th wind project — the 56-megawatt (MW) Beech Ridge II Wind Facility — from Invenergy, a leading developer, owner and operator of sustainable energy solutions.
"We are pleased to announce the acquisition of our 13th wind project," said Southern Power CEO Mark Lantrip. "This project marks Southern Power's first renewable asset in the Mid-Atlantic region, and it is an important step in the continued growth of Southern Power's wind portfolio."
Located in Greenbrier County, West Virginia, Beech Ridge II was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy. The project achieved commercial operation May 1, 2020.
The electricity and associated renewable energy credits generated by the facility are being sold under a 12-year power purchase agreement. Southern Power will be the majority owner. Invenergy will retain a minority ownership position, and Invenergy Services, a subsidiary of Invenergy that provides end-to-end energy solutions for asset owners, will operate and maintain the facility.
With the addition of Beech Ridge II, Southern Power's wind portfolio consists of more than 2,100 MW of wind generation. Southern Power's wind facilities are a part of the company's 4,510-MW renewable fleet, which consists of 41 solar and wind facilities operating or under construction.
This project aligns with Southern Company's strategy to provide a more sustainable future by investing in clean energy solutions. Southern Company was one of the first U.S. energy companies to set a long-term goal of low- to no-carbon operations by 2050.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 50 facilities operating or under development in 13 states with more than 11,920 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas, Washington and West Virginia.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning targeted reductions in greenhouse gas emissions. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarter ended March 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; available sources and costs of natural gas and other fuels; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations; and the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions. Southern Company and Southern Power expressly disclaim any obligation to update any forward‐looking information.
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SOURCE Southern Power
Article Date
5/21/20205/20/2020 - National Carbon Capture Center expands testing of carbon capture for negative carbon technologies
National Carbon Capture Center expands testing of carbon capture for negative carbon technologies
Source: PR Newswire
ATLANTA, May 20, 2020 /PRNewswire/ -- Strengthening its commitment to energy innovation, Southern Company, in partnership with the U.S. Department of Energy (DOE), has announced an expanded focus for the National Carbon Capture Center.
The center's future scope of work for DOE, its National Energy Technology Laboratory and carbon capture innovators is now expected to include testing of carbon dioxide (CO2) utilization and direct air capture (DAC) technologies. Additionally, a major new addition at the center will significantly broaden its testing and evaluation of carbon capture technologies for natural gas power generation.
"We are excited to begin making formal arrangements to apply the technical expertise of the National Carbon Capture Center to the challenges of CO2 utilization and direct air capture," said Dr. Mark S. Berry, Southern Company Services vice president of research and development. "And with its new infrastructure, the center is now the first research and development (R&D) facility in the U.S. to offer comprehensive testing of carbon capture technologies for natural gas power plants."
Managed and operated by Southern Company, the National Carbon Capture Center, in Wilsonville, Alabama, has completed more than 110,000 hours of testing for developers from the U.S. and six other countries, successfully advancing a wide range of technologies toward commercial scale, while improving their performance and reducing cost. The research and testing of over 60 technologies has already reduced the projected cost of carbon capture from fossil generation by more than one-third, and further cost reductions are expected as the facility more fully explores carbon capture solutions for natural gas power generation.
"For more than a decade, the National Carbon Capture Center has conducted research in partnership with DOE's Office of Clean Coal and Carbon Management on capturing carbon emissions from coal-based flue gas," said center Director John Northington. "Our team is pleased to leverage that knowledge to expand our testing of carbon capture for natural gas-fueled systems. We also look forward to updating our scope of work with DOE to move emerging CO2 utilization and DAC technologies from basic research toward pilot-scale and larger demonstrations."
The center's work on utilization technologies will help advance applications where CO2 emissions are captured and used to manufacture value-added products like building materials, fuels, plastics and chemicals – partially offsetting CO2 capture costs from power generation and providing alternatives to traditional manufacturing processes. The facility plans to host a Carbon XPRIZE finalist for testing later this year, along with other CO2 utilization research projects.
"In the area of DAC, Southern Company is actively pursuing research agreements with national labs, universities and other research institutions," Northington said. "We anticipate providing a host site for DAC technologies at the National Carbon Capture Center."
The work would include evaluating technologies that have the potential for atmospheric carbon capture.
In 2018, Southern Company was the first electric and natural gas combination utility company to set a low- to no-carbon goal for its system. It now expects to achieve a 50% reduction in greenhouse gas emissions as early as 2025, well ahead of its 2030 goal. Based on additional research and planning, the company expects some natural gas will likely remain a part of its system energy mix in 2050, and is defining pathways to incorporate negative carbon strategies and achieve net-zero carbon emissions by 2050.
"Southern Company is actively engaged in R&D that seeks to facilitate the transition to a net-zero future by delivering technologies that reduce and eliminate CO2 emissions while also increasing customer value and providing affordable energy," said Dr. Berry. "While our efforts in carbon capture, use and storage will continue to address decarbonizing fossil-based generation, we are also exploring technology solutions for the use of CO2, as well as natural systems to remove and sequester carbon from the atmosphere."
In addition to advancing next-generation carbon capture technologies, Southern Company leads a world-class geologic sequestration R&D program that has demonstrated the ability to safely store large volumes of anthropogenic CO2 in Environmental Protection Agency-permitted wells. Ongoing research in collaboration with DOE and numerous partners is evaluating carbon source and sink synergies in the Southeast.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About the National Carbon Capture Center
Created by the U.S. Department of Energy in 2009, the National Carbon Capture Center is a world-class neutral research facility working to accelerate the commercialization of technologies to reduce greenhouse gas emissions from both natural gas and coal power plants, and to promote carbon utilization and direct air caption innovations. Located in Wilsonville, Alabama, the center evaluates carbon capture processes from third-party developers – focusing on development of the most promising, cost-effective solutions for scale-up and commercial deployment – and uniquely bridges the gap between laboratory research and large-scale demonstrations. The center provides worldwide leadership to promote the level of readiness for carbon capture, use and storage (CCUS), and is a co-founder of the International Test Center Network, a global coalition of facilities focused on CCUS technologies.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning anticipated reductions in greenhouse gas emissions and future energy mix. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; available sources and costs of natural gas and other fuels; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations; and the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward‐looking information.
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SOURCE Southern Company
Article Date
5/20/2020Integrated Head Package for Vogtle Unit 3 placed atop reactor vessel
Source: PR Newswire
ATLANTA, May 12, 2020 /PRNewswire/ -- The Integrated Head Package (IHP) for Vogtle Unit 3 has been set into place atop the reactor vessel at Georgia Power's nuclear expansion project near Waynesboro, Georgia, marking another significant milestone in the construction of the nation's first new nuclear units in more than 30 years.
Standing 48 feet tall, weighing 475,000 pounds and containing more than three miles of electrical cables, the IHP is an integral component that will eventually be used by highly-trained nuclear operators to monitor and control the nuclear reaction that will occur inside the Unit 3 reactor vessel. Currently, these operators are monitoring and controlling the technology and equipment essential for testing the unit's systems and safely starting the plant.
This milestone brings the unit another step closer to loading nuclear fuel inside the reactor.
In addition, 12 of the 16 shield building courses of panels that surround the Unit 4 containment vessel have been placed. The shield building is a unique feature of the AP1000 reactor design for Vogtle 3 & 4, providing an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
Key Milestones
The placement of the IHP follows the completion of Open Vessel Testing for Unit 3 that successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted. It also prepares Unit 3 for cold hydro testing and hot functional testing - both critical tests required ahead of initial fuel load. The milestone confirmed that the pumps, motors, valves, pipes and other components of the systems function as designed.
Additional milestones achieved over the last few months include:
Historic milestones accomplished over the past year include:
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power YouTube channel.
Benefits to Customers
The new Vogtle units, with regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4, are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses and provide customers with a new carbon-free energy source that is expected to put downward pressure on rates for 60 to 80 years. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of construction and future operation of Plant Vogtle units 3 and 4, the expected benefits of the DOE loan guarantees, and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
5/12/2020Southern Company recognized as a top company for diversity and inclusion by DiversityInc for the fifth consecutive year
Source: PR Newswire
ATLANTA, May 7, 2020 /PRNewswire/ -- Southern Company earned the 26th spot on the 2020 DiversityInc "Top 50 Companies for Diversity" list. The announcement was made during a virtual event hosted by DiversityInc on May 5, 2020. Southern Company was also recognized on multiple specialty lists, including:
"Southern Company is committed to creating a workplace environment where employees from different backgrounds and perspectives can realize their full potential," said Tom Fanning, President, Chairman and CEO of Southern Company. "Our longstanding commitment to diversity and inclusion is embedded in our culture, and allows us to better anticipate change, see around corners and achieve success as we build the future of energy."
DiversityInc announced that Southern Company moved up 7 spots, landing at No. 26 from No. 33 last year on the Top 50 Companies for Diversity list. This is the fifth consecutive year Southern Company has been recognized as a Top 50 Company for diversity and inclusion, as well as recognition for the system's efforts to hire, retain and promote women, minorities, people with disabilities, LGBTQ and veterans.
DiversityInc's annual survey yields an empirically-driven ranking based on talent results in the workforce and management, senior leadership accountability, talent programs, workplace practices, philanthropy and supplier diversity.
"Our people are the power of Southern Company. Their energy enables us to build a brighter future for customers and the communities we call home," said Sloane Drake, Senior Vice President of Human Resources at Southern Company and Georgia Power. "We drive results by valuing different opinions, backgrounds and experiences, and by welcoming diverse points of view. We celebrate our progress and are committed to a diverse and inclusive organization."
This award recognizes Southern Company's continued commitment to Our Values by promoting and advancing an inclusive and diverse work culture and environment where our people and company thrive. Southern Company is committed to continuing to advance the future of energy by creating and maintaining a workforce that reflects the communities we live in and the 9 million customers the system serves.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
5/7/2020Georgia Power reminds customers to be vigilant, follow simple tips to avoid scams during COVID-19 pandemic
Source: PR Newswire
ATLANTA, May 1, 2020 /PRNewswire/ -- With continued reports of attempted scams and fraud by criminals posing as Georgia Power employees during the COVID-19 pandemic, the company reminds customers to be aware and follow simple tips to avoid becoming a victim.
Customers should beware of phone calls demanding payment via phone to avoid disconnection. Last month, Georgia Power and the Georgia Public Service Commission extended the suspension of disconnections due to the impact of the pandemic on customers. In addition, the company will never ask for a credit card or pre-paid debit card number over the phone and the company will never send employees into the field to collect payment in person or ask a customer to pay anywhere other than an Authorized Payment Location (APL).
Additional Scam Awareness & Safety Guidance
Georgia Power also provides the following guidance to customers:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees to defraud customers. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scams.
To learn more about how you can defend yourself against scammers and avoid falling victim to common mistakes, watch the company's latest public service announcements (PSA) on the company's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/1/2020Open Vessel Testing complete for Vogtle Unit 3
Source: PR Newswire
ATLANTA, May 1, 2020 /PRNewswire/ -- Open Vessel Testing, a major systems testing milestone, has been completed for Unit 3 at Georgia Power's Vogtle 3 & 4 nuclear expansion project near Waynesboro, Georgia, marking one of the most significant accomplishments in the project to date.
Open Vessel Testing has successfully demonstrated how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted. It also prepares Unit 3 for cold hydro testing and hot functional testing – both critical tests required ahead of initial fuel load. The milestone has confirmed that the pumps, motors, valves, pipes and other components of the systems function as designed.
Plant operators performed many of the tasks associated with Open Vessel Testing from the Unit 3 main control room, which began operating in December and is staffed around the clock.
"The completion of Open Vessel Testing is a major accomplishment for the project and brings us an important step closer to generating electricity for our customers as we continue the transition from construction towards system operations," said Vogtle 3 & 4 Construction Executive Vice President Glen Chick.
Key Milestones
Significant progress continues at the site with the project now 85% complete, and direct construction of Unit 3 now 90% complete. Major milestones achieved in recent weeks include the placement of the Unit 4 polar crane and containment vessel top, signifying that all major lifts inside the containment vessels for both units are now complete.
Additional milestones achieved over the last few months include:
Historic milestones accomplished over the past year include:
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power's YouTube channel.
Benefits to Customers
The new Vogtle units are an essential part of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses and provide customers with a new carbon-free energy source that is expected to put downward pressure on rates for 60 to 80 years. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of construction and future operation of Plant Vogtle units 3 and 4, the expected benefits of the DOE loan guarantees, and expected job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the COVID-19 pandemic, including extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
5/1/2020Southern Company reports first-quarter 2020 earnings
Source: PR Newswire
ATLANTA, April 30, 2020 /PRNewswire/ -- Southern Company today reported first-quarter 2020 earnings of $868 million, or 82 cents per share, compared with $2.08 billion, or $2.01 per share, in the first quarter of 2019.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $825 million, or 78 cents per share, during the first quarter of 2020, compared with $730 million, or 70 cents per share, during the first quarter of 2019.
Non-GAAP Financial Measures | Three Months Ended March | ||
Net Income - Excluding Items (in millions) | 2020 | 2019 | |
Net Income - As Reported | $868 | $2,084 | |
Less: | |||
Acquisition and Disposition Impacts | 38 | 2,499 | |
Tax Impact | (16) | (1,189) | |
Estimated Loss on Plants Under Construction | (3) | (4) | |
Tax Impact | 1 | 1 | |
Wholesale Gas Services | 31 | 63 | |
Tax Impact | (8) | (16) | |
Net Income – Excluding Items | $825 | $730 | |
Average Shares Outstanding – (in millions) | 1,057 | 1,038 | |
Basic Earnings Per Share – Excluding Items | $0.78 | $0.70 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers for the first quarter 2020 were positively influenced by constructive regulatory actions completed at the company's state-regulated utilities in 2019, partially offset by mild weather.
"Southern Company's strong start to 2020 will be beneficial as we look to overcome sales impacts from the coronavirus," said Chairman, President and CEO Thomas A. Fanning. "Our top priority remains keeping employees healthy and safe, even as our subsidiaries continue to provide clean, safe, reliable and affordable energy for customers. To date, our operational performance during this challenging time has been exceptional, and we have not experienced – nor do we anticipate – any significant supply chain disruptions for our utilities or construction efforts."
"Critical infrastructure businesses like ours never take a day off," added Fanning. "We continue to serve customers safely, employing new work practices that help safeguard both our employees and our communities from COVID-19."
First quarter 2020 operating revenues were $5.02 billion, compared with $5.41 billion for the first quarter of 2019, a decrease of 7.3 percent. This decrease was primarily due to lower fuel costs.
Southern Company's first quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the anticipated impacts of the COVID-19 pandemic. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including extended disruptions to supply chains and capital markets, further reduced labor availability and productivity, and a prolonged reduction in economic activity, which could have a variety of adverse impacts, including a prolonged reduction in the demand for energy, the impairment of goodwill or other long-lived assets, or further impairment of the ability to develop, construct, and operate facilities, including, but not limited to, the construction of Plant Vogtle Units 3 and 4; available sources and costs of natural gas and other fuels; the ability to complete necessary or desirable pipeline expansion or infrastructure projects, limits on pipeline capacity, and operational interruptions to natural gas distribution and transmission activities; transmission constraints; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could impact the cost and schedule for the project; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; performance of counterparties under ongoing renewable energy partnerships and development agreements; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities; the inherent risks involved in transporting and storing natural gas; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of physical attacks; interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Southern Company's and any of its subsidiaries' credit ratings; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; and impairments of goodwill or long-lived assets. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward‐looking information.
Southern Company | |||||||
Financial Highlights | |||||||
(In Millions of Dollars Except Earnings Per Share) | |||||||
Three Months Ended March | |||||||
Net Income–As Reported (See Notes) | 2020 | 2019 | |||||
Traditional Electric Operating Companies | $ | 642 | $ | 565 | |||
Southern Power | 75 | 56 | |||||
Southern Company Gas | 275 | 270 | |||||
Total | 992 | 891 | |||||
Parent Company and Other | (124) | 1,193 | |||||
Net Income–As Reported | $ | 868 | $ | 2,084 | |||
Basic Earnings Per Share1 | $ | 0.82 | $ | 2.01 | |||
Average Shares Outstanding (in millions) | 1,057 | 1,038 | |||||
End of Period Shares Outstanding (in millions) | 1,056 | 1,040 | |||||
Non-GAAP Financial Measures | Three Months Ended March | ||||||
Net Income–Excluding Items (See Notes) | 2020 | 2019 | |||||
Net Income–As Reported | $ | 868 | $ | 2,084 | |||
Less: | |||||||
Acquisition and Disposition Impacts2 | 38 | 2,499 | |||||
Tax Impact | (16) | (1,189) | |||||
Estimated Loss on Plants Under Construction3 | (3) | (4) | |||||
Tax Impact | 1 | 1 | |||||
Wholesale Gas Services4 | 31 | 63 | |||||
Tax Impact | (8) | (16) | |||||
Net Income–Excluding Items | $ | 825 | $ | 730 | |||
Basic Earnings Per Share–Excluding Items | $ | 0.78 | $ | 0.70 | |||
-See Notes on the following page. | |||||||
Southern Company | |
Financial Highlights | |
Notes | |
(1) | For the three months ended March 31, 2020 and 2019, dilution does not change basic earnings per share by more than $0.02 and is not material. |
(2) | Acquisition and disposition impacts included in earnings for the three months ended March 31, 2020 primarily include a $39 million pre-tax gain ($23 million after-tax) on the sale of Plant Mankato and for the three months ended March 31, 2019 primarily include a preliminary $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. |
(3) | Earnings for the three months ended March 31, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2024. The additional pre-tax period and closure costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total up to $27 million for the remainder of 2020, $15 million to $17 million annually in 2021 through 2023, and $5 million in 2024. |
(4) | Earnings for the three months ended March 31, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
Southern Company | |||||||||||
Significant Factors Impacting EPS | |||||||||||
Three Months Ended March | |||||||||||
2020 | 2019 | Change | |||||||||
Earnings Per Share– | |||||||||||
As Reported1 (See Notes) | $ | 0.82 | $ | 2.01 | $ | (1.19) | |||||
Significant Factors: | |||||||||||
Traditional Electric Operating Companies | $ | 0.07 | |||||||||
Southern Power | 0.02 | ||||||||||
Southern Company Gas | — | ||||||||||
Parent Company and Other | (1.27) | ||||||||||
Increase in Shares | (0.01) | ||||||||||
Total–As Reported | $ | (1.19) | |||||||||
Three Months Ended March | |||||||||||
Non-GAAP Financial Measures | 2020 | 2019 | Change | ||||||||
Earnings Per Share– | |||||||||||
Excluding Items (See Notes) | $ | 0.78 | $ | 0.70 | $ | 0.08 | |||||
Total–As Reported | $ | (1.19) | |||||||||
Less: | |||||||||||
Acquisition and Disposition Impacts2 | (1.24) | ||||||||||
Estimated Loss on Plants Under Construction3 | — | ||||||||||
Wholesale Gas Services4 | (0.03) | ||||||||||
Total–Excluding Items | $ | 0.08 | |||||||||
- See Notes on the following page. | |||||||||||
Southern Company | |||||||||
Significant Factors Impacting EPS | |||||||||
Notes | |||||||||
(1) | For the three months ended March 31, 2020 and 2019, dilution does not change basic earnings per share by more than $0.02 and is not material. | ||||||||
(2) | Acquisition and disposition impacts included in earnings for the three months ended March 31, 2020 primarily include a $39 million pre-tax gain ($23 million after-tax) on the sale of Plant Mankato and for the three months ended March 31, 2019 primarily include a preliminary $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. | ||||||||
(3) | Earnings for the three months ended March 31, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2024. The additional pre-tax period and closure costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total up to $27 million for the remainder of 2020, $15 million to $17 million annually in 2021 through 2023, and $5 million in 2024. | ||||||||
(4) | Earnings for the three months ended March 31, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
Southern Company | |
EPS Earnings Analysis | |
Three Months Ended | |
Description | 2020 vs. 2019 |
Retail Sales | $0.01 |
Retail Revenue Impacts | 0.10 |
Weather | (0.02) |
Other Operating Revenues | (0.01) |
Non-Fuel O&M | 0.01 |
Depreciation and Amortization, Interest Expense, Other | (0.07) |
Income Taxes | 0.05 |
Total Traditional Electric Operating Companies | $0.07 |
Southern Power | — |
Southern Company Gas | 0.03 |
Parent and Other | (0.01) |
Increase in Shares | (0.01) |
Total Change in EPS (Excluding Items) | $0.08 |
Acquisition and Disposition Impacts1 | (1.24) |
Estimated Loss on Plants Under Construction2 | — |
Wholesale Gas Services3 | (0.03) |
Total Change in EPS (As Reported) | $(1.19) |
- See Notes on the following page. | |
Southern Company | ||||||||
EPS Earnings Analysis | ||||||||
Three Months Ended March 2020 vs. March 2019 | ||||||||
Notes | ||||||||
(1) | Acquisition and disposition impacts included in earnings for the three months ended March 31, 2020 primarily include a $39 million pre-tax gain ($23 million after-tax) on the sale of Plant Mankato and for the three months ended March 31, 2019 primarily include a preliminary $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. | |||||||
(2) | Earnings for the three months ended March 31, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Mississippi Power Company expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities in 2024. The additional pre-tax period and closure costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total up to $27 million for the remainder of 2020, $15 million to $17 million annually in 2021 through 2023, and $5 million in 2024. | |||||||
(3) | Earnings for the three months ended March 31, 2020 and 2019 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |||||||
Southern Company | |||||||||||
Consolidated Earnings | |||||||||||
As Reported | |||||||||||
(In Millions of Dollars) | |||||||||||
Three Months Ended March | |||||||||||
2020 | 2019 | Change | |||||||||
Income Account- | |||||||||||
Retail Electric Revenues- | |||||||||||
Fuel | $ | 677 | $ | 804 | $ | (127) | |||||
Non-Fuel | 2,401 | 2,280 | 121 | ||||||||
Wholesale Electric Revenues | 418 | 499 | (81) | ||||||||
Other Electric Revenues | 151 | 168 | (17) | ||||||||
Natural Gas Revenues | 1,249 | 1,474 | (225) | ||||||||
Other Revenues | 122 | 187 | (65) | ||||||||
Total Revenues | 5,018 | 5,412 | (394) | ||||||||
Fuel and Purchased Power | 817 | 1,020 | (203) | ||||||||
Cost of Natural Gas | 439 | 686 | (247) | ||||||||
Cost of Other Sales | 55 | 118 | (63) | ||||||||
Non-Fuel O & M | 1,296 | 1,314 | (18) | ||||||||
Depreciation and Amortization | 857 | 751 | 106 | ||||||||
Taxes Other Than Income Taxes | 330 | 329 | 1 | ||||||||
(Gain) Loss on Dispositions, net | (39) | (2,497) | 2,458 | ||||||||
Total Operating Expenses | 3,755 | 1,721 | 2,034 | ||||||||
Operating Income | 1,263 | 3,691 | (2,428) | ||||||||
Allowance for Equity Funds Used During Construction | 34 | 32 | 2 | ||||||||
Earnings from Equity Method Investments | 42 | 48 | (6) | ||||||||
Interest Expense, Net of Amounts Capitalized | 456 | 430 | 26 | ||||||||
Other Income (Expense), net | 103 | 78 | 25 | ||||||||
Income Taxes | 145 | 1,360 | (1,215) | ||||||||
Net Income | 841 | 2,059 | (1,218) | ||||||||
Less: | |||||||||||
Dividends on Preferred Stock of Subsidiaries | 4 | 4 | — | ||||||||
Net Loss Attributable to Noncontrolling Interests | (31) | (29) | (2) | ||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 868 | $ | 2,084 | $ | (1,216) | |||||
Notes | |||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||
Southern Company | |||||||||||
Kilowatt-Hour Sales and Customers | |||||||||||
(In Millions of KWHs) | |||||||||||
Three Months Ended March | |||||||||||
2020 | 2019 | Change | Weather | ||||||||
Kilowatt-Hour Sales- | |||||||||||
Total Sales | 44,263 | 45,167 | (2.0) | % | |||||||
Total Retail Sales- | 34,045 | 34,365 | (0.9) | % | 0.1 | % | |||||
Residential | 10,866 | 10,902 | (0.3) | % | 3.1 | % | |||||
Commercial | 10,939 | 10,986 | (0.4) | % | (0.7) | % | |||||
Industrial | 12,066 | 12,289 | (1.8) | % | (1.8) | % | |||||
Other | 174 | 188 | (7.6) | % | (7.3) | % | |||||
Total Wholesale Sales | 10,218 | 10,802 | (5.4) | % | N/A | ||||||
(In Thousands of Customers) | |||||||||||
Period Ended March | |||||||||||
2020 | 2019 | Change | |||||||||
Regulated Utility Customers- | |||||||||||
Total Utility Customers- | 8,578 | 8,510 | 0.8% | ||||||||
Total Traditional Electric | 4,280 | 4,234 | 1.1% | ||||||||
Southern Company Gas | 4,298 | 4,276 | 0.5% | ||||||||
Southern Company | |||||||||||
Financial Overview | |||||||||||
As Reported | |||||||||||
(In Millions of Dollars) | |||||||||||
Three Months Ended | |||||||||||
March | |||||||||||
2020 | 2019 | % Change | |||||||||
Southern Company1, 2 – | |||||||||||
Operating Revenues | $ | 5,018 | $ | 5,412 | (7.3) | % | |||||
Earnings Before Income Taxes | 986 | 3,419 | (71.2) | % | |||||||
Net Income Available to Common | 868 | 2,084 | (58.3) | % | |||||||
Alabama Power – | |||||||||||
Operating Revenues | $ | 1,351 | $ | 1,408 | (4.0) | % | |||||
Earnings Before Income Taxes | 368 | 283 | 30.0 | % | |||||||
Net Income Available to Common | 280 | 217 | 29.0 | % | |||||||
Georgia Power – | |||||||||||
Operating Revenues | $ | 1,825 | $ | 1,833 | (0.4) | % | |||||
Earnings Before Income Taxes | 347 | 392 | (11.5) | % | |||||||
Net Income Available to Common | 331 | 311 | 6.4 | % | |||||||
Mississippi Power – | |||||||||||
Operating Revenues | $ | 277 | $ | 287 | (3.5) | % | |||||
Earnings Before Income Taxes | 38 | 44 | (13.6) | % | |||||||
Net Income Available to Common | 32 | 37 | (13.5) | % | |||||||
Southern Power2 – | |||||||||||
Operating Revenues | $ | 375 | $ | 443 | (15.3) | % | |||||
Earnings Before Income Taxes | 51 | 18 | 183.3 | % | |||||||
Net Income Available to Common | 75 | 56 | 33.9 | % | |||||||
Southern Company Gas – | |||||||||||
Operating Revenues | $ | 1,249 | $ | 1,474 | (15.3) | % | |||||
Earnings Before Income Taxes | 354 | 347 | 2.0 | % | |||||||
Net Income Available to Common | 275 | 270 | 1.9 | % | |||||||
Notes | |||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||
(1) | Earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019. | ||||||||||
(2) | Earnings and revenue comparisons to the prior year were significantly impacted by Southern Power Company's dispositions of Plant Nacogdoches on June 13, 2019 and Plant Mankato on January 17, 2020. | ||||||||||
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SOURCE Southern Company
Article Date
4/30/20204/28/2020 - Georgia Power prepared for possible severe weather Wednesday as COVID-19 pandemic continues
Georgia Power prepared for possible severe weather Wednesday as COVID-19 pandemic continues
Source: PR Newswire
ATLANTA, April 28, 2020 /PRNewswire/ -- As more severe weather is expected to impact Georgia Wednesday, Georgia Power remains committed to providing its 2.6 million customers safe and reliable service during the COVID-19 pandemic. Wednesday's storm could be the fourth severe weather event in just three weeks and serves as a good reminder to customers that while severe weather can happen at any time, spring is the most active season for severe thunderstorms with lightning, hail and tornadoes.
To help customers prepare, Georgia Power offers important safety tips and storm resources:
Remote Customer Resources
Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather. Georgia Power offers the following videos, tools and tips to help customers prepare for severe weather:
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-prepared-for-possible-severe-weather-wednesday-as-covid-19-pandemic-continues-301048807.html
SOURCE Georgia Power
Article Date
4/28/20204/28/2020 - Georgia Power Launches Learning Power Mobile App
Georgia Power Launches Learning Power Mobile App
Source: PR Newswire
ATLANTA, April 28, 2020 /PRNewswire/ -- While parents, teachers and students alike are managing new ways of learning during school closures and "stay-at-home" orders, the Georgia Power Learning Power app includes interactive lessons for students, offering fun, educational activities with real-world applications of Science, Technology, Engineering and Math (STEM), energy and energy efficiency content.
The recently launched mobile game app supports Learning Power's STEM-based classroom energy lessons, all aligned with the Georgia Standards of Excellence. On the app, you will find seven grade-appropriate games, ranging from Pre-K through high school. Students can repair "Goldibot" in a robot circuitry experiment, harness solar power for a cell phone battery boost, or solve "Electri-City's" smart power grid puzzle.
"We are dedicated to improving and strengthening educational initiatives to help Georgia students build brighter futures," said Joseph Lillyblad, Georgia Power education and workforce development manager. "The launch of the Learning Power mobile game app provides an educational resource that focuses on enriching the student experience, while also providing educators and parents with interactive tools to engage their students during this time of home-based learning."
The free app is available for download from the Apple Store and Google Play.
Learning Power, Georgia Power's signature education program, is proud to partner with Georgia educators to electrify classrooms with lessons on energy and energy efficiency. Since inception in 2011, Learning Power has engaged 750,000+ students across Georgia. Georgia Power Education Coordinators – twenty instructors serving schools statewide – have long delivered hands-on, STEM-based energy and efficiency lessons to amplify classroom learning. Aligned with the Georgia Standards of Excellence in science and math, interactive labs and creative classroom activities support STEM learning and energy industry career exploration. The programs, lesson plans, and activities are provided at no cost to teachers or schools. To find out more, please visit www.learningpower.org.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-launches-learning-power-mobile-app-301048502.html
SOURCE Georgia Power
Article Date
4/28/2020Georgia Power prepared for Thursday severe weather as COVID-19 pandemic continues
Source: PR Newswire
ATLANTA, April 22, 2020 /PRNewswire/ -- With strong winds, rain, hail, and possible tornadoes predicted to impact most of the state Thursday, Georgia Power remains committed to providing its 2.6 million customers safe and reliable service during the COVID-19 pandemic, while offering important safety tips and storm resources. Spring is one of the most active seasons for severe thunderstorms with lightning, hail and tornadoes, though severe weather can happen at any time.
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
Storm Safety
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Remote Customer Resources
Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather. Georgia Power offers the following videos, tools and tips to help customers prepare for severe weather:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-prepared-for-thursday-severe-weather-as-covid-19-pandemic-continues-301045548.html
SOURCE Georgia Power
Article Date
4/22/20204/22/2020 - Georgia Power encourages customers to celebrate Earth Day at home during COVID-19 pandemic
Georgia Power encourages customers to celebrate Earth Day at home during COVID-19 pandemic
Source: PR Newswire
ATLANTA, April 22, 2020 /PRNewswire/ -- Every April, Georgia Power employees celebrate Earth Month by participating in stewardship projects that protect and enhance the communities in which they live and work.
This year marks the 50th national anniversary of the recognition of Earth Day on Wednesday, April 22nd. With annual volunteer clean-ups and other community activities postponed or canceled due to the coronavirus pandemic, Georgia Power challenges employees and fellow citizens to participate in stay-at-home initiatives and projects this Earth Day.
Promoting pollinators
Over the past few years, Georgia Power has partnered with Bee Downtown and joined other companies across metro Atlanta to help create the largest pollinator corridor in the country for honey bees. With three hives and more than 150,000 bees calling the courtyard at Georgia Power's corporate headquarters home, the company is helping to rebuild a healthy ecosystem for this critical creature. Children and their families alike can learn more about the importance of honey bees through THE HIVE – an interactive website full of team-building opportunities, activities for kids, recipes, beekeeping lessons and more.
Plant with a focus on the future
Planting in your yard is another great stay-at-home activity this Earth Day. Georgia Power reminds customers to keep a focus on the future when working in the yard or garden, including planting the right plants for Georgia's climate and ecosystem. Trees are better planted in late winter, but shrubs and native plants can be planted into spring. Knowing how tall a shrub will grow and planting accordingly decreases the likelihood of future power outages in the event of a storm. In areas within 15 feet of electric utility wires, plant only trees and shrubs that will grow no taller than 25 feet.
With spring planting, Georgia Power also reminds customers of the importance of calling 811 before digging. Georgia 811 works to ensure projects are safe and comply with the "Georgia Dig Law." The law requires contacting Georgia 811 before digging to have all underground utility lines clearly marked. Georgia residents can call the free service at 8-1-1 or (800)-282-7411, or submit an electronic request at www.Georgia811.com.
Save energy this Earth Day
Simple tips focused on energy savings this Earth Day as customers continue to spend time at home include:
In 2019, more than 350 employee volunteers participated in 22 Earth Day projects around the state ranging from building beehives and birdhouses to landscaping projects. Last year, the company planted 500,000 trees on land throughout Georgia and restored 178 acres of longleaf pine habitat, while employees and volunteers cleaned up more than 47 tons of trash from Georgia waterways through various cleanup events.
To learn more about Georgia Power's environmental commitment, visit www.GeorgiaPower.com/Environment.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/22/2020Georgia Power recognized nationally as a utility that is "Easiest to Do Business With" for second year in a row
Source: PR Newswire
ATLANTA, April 21, 2020 /PRNewswire/ -- For the second year in a row, residential customers rated Georgia Power as a utility that's "Easiest to Do Business With" according to a study by industry-leading analysts in the energy sector. The company was ranked among top utilities based on company reputation and outreach, communication, and customer and field service satisfaction in the 2020 Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Residential study from Escalent.
Using a "Customer Effort Index," the study measured how easy it is for customers to obtain service, information and offerings from a utility. Satisfaction was measured against 140 electric, natural gas and combination utilities among 62,122 US utility customers. According to the study, residential utility customers get 90 percent of their satisfaction from the amount of effort required to do business with their utility.
"During these challenging times, we are striving more than ever to give our customers a great experience," said Kevin Kastner, Georgia Power vice president of Customer Service. "As our state's communities adapt during these unprecedented days, we are also adapting to keep the focus on our customers."
Special Pandemic Support
To ease the burden that customers are facing during the COVID-19 pandemic, Georgia Power previously announced the suspension of all disconnections and will offer special payment plan options to assist with the recovery. The company also continues to offer around the clock service features including bill pay, energy usage monitoring tools, power outage reporting, payment information and history, authorized payment locations, rate plan options and more at www.GeorgiaPower.com and on the company's free mobile app.
Additional Resources & Services for Residential Customers
With customers spending more time at home during the COVID-19 pandemic, Georgia Power continues to offer the following resources, services and programs:
Residential customer service representatives are available to answer questions by phone at 1-888-660-5890 and via online chat. To learn more about Georgia Power's resources, programs and services for residential customers, visit www.GeorgiaPower.com/Residential.
Customers can also connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power) to receive the latest Georgia Power news and information, including helpful information regarding the company's response to COVID-19, storm tips, outage updates and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/21/20204/20/2020 - Southern Company increases dividend for 19th consecutive year; annualized rate goes to $2.56 per share
Southern Company increases dividend for 19th consecutive year; annualized rate goes to $2.56 per share
Source: PR Newswire
ATLANTA, April 20, 2020 /PRNewswire/ -- Southern Company announced today it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.56 per share.
This marks the 19th consecutive year that Southern Company has raised the dividend on its common stock.
Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 64 cents per share, payable June 8, 2020, to shareholders of record as of May 18, 2020. Today's action by the board ensures Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter every quarter dating back to 1948.
"For more than 70 years, our overall shareholder value proposition has encompassed dividends and dividend growth," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Today's action by the board reinforces the strength and resilience of Southern Company's exceptional energy businesses."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/20/20204/17/2020 - Georgia Power prepared for second weekend of potential severe storms as COVID-19 pandemic continues
Georgia Power prepared for second weekend of potential severe storms as COVID-19 pandemic continues
Source: PR Newswire
ATLANTA, April 17, 2020 /PRNewswire/ -- With storms predicted to impact the state for the second consecutive weekend, including potential torrential rains, Georgia Power remains committed to providing its 2.6 million customers safe and reliable service during the COVID-19 pandemic, while offering important safety tips and storm resources. Spring is one of the most active seasons for severe thunderstorms with lightning, hail and tornadoes, though severe weather can happen at any time.
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
Storm Safety
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Remote Customer Resources
Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather. Georgia Power offers the following videos, tools and tips to help customers prepare for severe weather:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/17/20204/15/2020 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., April 15, 2020 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending June 30, 2020, payable July 1, 2020, to shareholders of record on June 16, 2020.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides safe, reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
View original content:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301041095.html
SOURCE Alabama Power Company
Article Date
4/15/2020Alabama Power to hold annual shareholders meeting using remote technology
Source: PR Newswire
BIRMINGHAM, Ala., April 10, 2020 /PRNewswire/ -- To protect public health and safety during the ongoing novel coronavirus (COVID-19) pandemic, Alabama Power will conduct its upcoming annual shareholders meeting using remote communications technology.
The 2020 Annual Meeting of Shareholders is scheduled for 8 a.m. April 24, central time. Holders of Alabama Power Company common stock, preferred stock and Class A preferred stock as of close of business on March 9, 2020 can participate. Shareholders can attend the meeting online at www.virtualshareholdermeeting.com/ALPQ2020 and can vote online prior to the meeting at www.proxyvote.com by entering the control number found on their proxy card, voting instruction form or notice.
For additional information, please refer to Alabama Power's 2020 Notice of Annual Meeting of Shareholders and Proxy Statement, filed with the Securities and Exchange Commission on March 19, 2020. It is available to view at www.alabamapower.com. Click "Our Company" then "How We Operate" then "Financial Information" and then "Current Proxy Statement."
Alabama Power Company, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides safe, reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
4/10/20204/10/2020 - Georgia Power focuses on readiness for predicted severe storms this weekend as COVID-19 pandemic continues
Georgia Power focuses on readiness for predicted severe storms this weekend as COVID-19 pandemic continues
Source: PR Newswire
ATLANTA, April 10, 2020 /PRNewswire/ -- Georgia Power remains committed to providing its 2.6 million customers safe and reliable service during the COVID-19 pandemic, while offering important safety tips and storm resources as storms are predicted to impact the state over the weekend. Spring is one of the most active seasons for severe thunderstorms with lightning, hail and tornadoes, though severe weather can happen at any time.
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and is prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special "distancing" and other precautions to help protect customers and employees from the spread of the virus.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly to isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans help ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Ways you can help keep workers safe while they work in the field:
Storm Safety
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Remote Customer Resources
Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather. Georgia Power offers the following videos, tools and tips to help customers prepare for severe weather:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/10/20204/8/2020 - Georgia electric providers urge public to maintain proper social distance from utility workers
Georgia electric providers urge public to maintain proper social distance from utility workers
Source: PR Newswire
ATLANTA, April 8, 2020 /PRNewswire/ -- To help maintain safe and reliable service during the COVID-19 pandemic, the state's electric providers, including Dalton Utilities, Georgia's EMCs, Georgia Power and MEAG Power, urge the public to keep their distance from utility crews working in their communities. Whether it's critical infrastructure work or emergency repairs due to damage from storms, trees or vehicles, crews are working hard every day to keep the lights on while maintaining safety standards and following guidelines of medical professionals when working in the field. Residents can help by not approaching crews and keeping a safe social distance of six feet or more.
Additionally, worksites often contain potential dangers and approaching our crews can lead to dangerous distractions for workers or accidents for citizens. Utility workers provide an essential service during this crisis and are critical to keeping the lights on. By giving utility crews space of 6 feet or more, residents can help ensure the health and safety of all involved.
Ways you can help keep workers safe while they work in the field:
Responding to COVID-19 and supporting Georgians with safe, reliable energy requires a whole-state approach. These workers are focused on ensuring that families, businesses, healthcare facilities and more continue to have the service they need throughout this public health emergency.
About Dalton Utilities
Dalton Utilities, in operation as a public utility since 1889, provides potable water, electrical, natural gas and wastewater treatment services to the City of Dalton and portions of Whitfield, Murray, Gordon, Catoosa, and Floyd counties. Dalton Utilities is one of the four major electrical providers in the state of Georgia and is co-owner of major generation and transmission facilities. Additionally, Dalton Utilities is one of the largest municipal providers of natural gas/transportation gas services and one of the largest operators of water/wastewater systems in the state of Georgia. Beginning in 1999, Dalton Utilities branched into telecommunications with broadband services to large industrial/commercial customers. With the 2003 launch of its OptiLink family of services, and installation of a true fiber to the user system offering high-speed data/internet, the company now provides broadband, TV/entertainment, telephone, and Internet services to area residents and businesses. Dalton Utilities serves approximately 50,000 customers and employs over 300 area residents.
About Georgia EMC
Georgia EMC is the statewide trade association representing the state's 41 EMCs, Oglethorpe Power Corp., Georgia Transmission Corp. and Georgia System Operations Corp. Collectively, Georgia's customer-owned EMCs provide electricity and related services to 4.4 million people, nearly half of Georgia's population, across 73 percent of the state's land area. To learn more, visit www.georgiaemc.com [georgiaemc.com] and follow us on Facebook [facebook.com] and Twitter [twitter.com].
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About MEAG Power
The Municipal Electric Authority of Georgia (MEAG Power) is a nonprofit, statewide generation and transmission organization. Created by the Georgia General Assembly in 1975, MEAG Power provides reliable, competitive wholesale electricity to its 49 Participant communities who own their local distribution systems. Recognized as one of the leading joint action agencies in the country, MEAG Power is among the top public power companies nationwide in terms of annual net generation, megawatt-hour sales and electric revenue. MEAG Power's diverse, clean energy portfolio delivered 67% emissions-free energy in 2019. For more information about MEAG Power, visit www.meagpower.org.
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SOURCE Georgia Power
Article Date
4/8/2020Southern Company first-quarter earnings to be released April 30
Source: PR Newswire
ATLANTA, April 8, 2020 /PRNewswire/ -- Southern Company plans to release its earnings for the first quarter of 2020 by 7:30 a.m. EDT on Thursday, April 30th.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Thursday, April 30th.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/8/2020Georgia Power's suspension of disconnects to continue during COVID-19 pandemic
Source: PR Newswire
ATLANTA, April 7, 2020 /PRNewswire/ -- As the COVID-19 coronavirus pandemic continues to have unprecedented impacts on the state, Georgia Power's suspension of disconnections is being extended following a vote by the Georgia Public Service Commission (PSC). The company originally announced it would suspend disconnects in mid-March for at least 30 days to assist customers through this challenging time. Today's vote extends the decision beyond the original timeframe, assuring customers that the suspension of disconnects will remain in place as the pandemic continues to impact customers in the state.
"We recognize the extraordinary burden the COVID-19 pandemic has put upon our state and our customers," said Paul Bowers, chairman, president and CEO of Georgia Power. "We commend the Commissioners for their vote to extend the disconnect suspension and allow for special customer payment provisions. It is going to take all of us continuing to think about how we can support each other to see our communities through this uncertain time."
In addition to today's measure, Georgia Power expects the PSC will vote next month on the company's request to lower its Fuel Cost Recovery allowance, which would lower monthly bills by approximately $5 for the typical residential customer using 1,000 kwh per month, if approved. The lower rate would go into effect in June 2020.
As part of their action, the PSC is also joining Georgia Power in encouraging all customers to continue making payments to avoid large balance due amounts when the suspension ends. The company will also look to implement special payment plans to help customers catch up on past-due amounts once disconnections are reinstated based on the direction from the Commission.
Online Bill Payment Options
With Governor Kemp's recent shelter in place order, the company reminds customers of online bill payment options. Customers can pay their bill online on GeorgiaPower.com with a credit or debit card or with a checking or savings account. The company has eliminated fees associated with credit and debit card payments. Customers can also pay via the Georgia Power Mobile App, which can be downloaded for free from both the App Store (Apple) and Google Play Store (Android).
Rate Plan Options
Georgia Power is also increasing its emphasis on rate plan offerings such as FlatBill and PrePay. FlatBill offers a fixed monthly bill regardless of a customer's usage during the period. That means no rising bills during summer's heat or winter's cold – just one flat amount. PrePay puts customers in control of when they pay for their electricity and allows them to pay as they go with a PrePay account. As customers use electricity, their balance is reduced. This flexibility allows customers to better manage their budget and energy usage with no deposit requirement, no credit check and no reconnect fees. Smart Usage, Nights & Weekends and other options also help customers find a plan that fits their budget and lifestyle. Learn more at www.GeorgiaPower.com/RatePlans.
Tips, Tools & Resources
Georgia Power encourages its customers to use online tools to help manage their energy such as the My Power Usage program, a free service connected to many Georgia Power online accounts that allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Customers can take advantage of the company's free Online Energy Checkup. The 15-minute quick and easy service provides a customized report to help customers understand their energy use and find ways to save money where you can use your actual power bills to give you a customized report. You will enter information about your home and family to measure how you use energy. Whether customers own a home or rent, tailored tips are available at www.GeorgiaPower.com/Save, which also includes access to a variety of rebates and incentives for both homes and businesses. Energy efficiency measures for customers include continued development and implementation of new plans and programs approved in the 2019 Integrated Resource Plan.
Georgia Power Employee Safety
Georgia Power wants to assure customers that it has comprehensive plans and procedures to help ensure a continuation of operations and service as the COVID-19 coronavirus continues to spread. The company's detailed plans are designed to ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy our customers expect and deserve.
Georgia Power has been closely monitoring the potential threat posed by COVID-19 since January. Proactive actions have been taken that are designed to both prevent the spread of the illness and protect the safety and health of employees, including:
The company has regularly provided information and updates on the virus to employees, including prevention recommendations from the Centers for Disease Control and Prevention, and is following the latest developments and updates from public health officials and medical professionals.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/7/20204/1/2020 - Georgia Power invites Georgians to say 'thank you' to employees during Thank a Lineman Month
Georgia Power invites Georgians to say 'thank you' to employees during Thank a Lineman Month
Source: PR Newswire
ATLANTA, April 1, 2020 /PRNewswire/ -- For the eighth year in a row, Georgia Power and other electric utilities in Georgia are celebrating and thanking utility workers across the state. The daily work done by linemen in Georgia's communities is always recognized, but their work is especially pronounced during today's challenges from the escalating COVID-19 pandemic across the nation. Utility crews and personnel continue to respond to outages and essential work in all conditions and following severe weather, including spring thunderstorms and tornadoes.
Throughout Georgia Power's 2020 Thank a Lineman initiative, saying "thank you" is quick and easy by signing the digital card at www.GeorgiaPower.com/ThankALineman. Additionally, Georgians can celebrate and engage through social media by using and following #ThankALineman and visiting Georgia Power's Facebook (www.Facebook.com/GeorgiaPower), Twitter (@GeorgiaPower) and Instagram (@ga_power) pages.
Line crews work side-by-side with teams across Georgia Power to ensure that reliable energy is continually supplied to thousands of homes and businesses. Those teams include Shared Services, Control Centers, Customer Services, Fleet Services, Forestry and Right-of-Way, Generation, Substation crews, Network Underground and more.
"Now more than ever, our teammates are rising above the challenges we face and showing their dedication to work as safely as possible to keep the lights on for our 2.6 million customers across Georgia," said Pedro Cherry, executive vice president of Customer Service and Operations for Georgia Power. "We are proud to thank them and show our appreciation for the critical work they do not only this month, but throughout the year."
To help maintain safe and reliable service during the COVID-19 pandemic, Georgia Power urges customers to keep their distance from utility crews working in their communities. Whether critical infrastructure work or emergency repairs due to damage from storms, trees or vehicles, crews are working hard every day to keep the lights on while maintaining safety standards and following CDC guidelines when working in the field. Residents can help by not approaching crews and keeping a safe social distance of six feet or more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/1/20203/31/2020 - Georgia Power's beneficial reuse project at Plant Mitchell will turn stored coal ash into Portland cement
Georgia Power's beneficial reuse project at Plant Mitchell will turn stored coal ash into Portland cement
Source: PR Newswire
ATLANTA, March 31, 2020 /PRNewswire/ -- Georgia Power today announced a new beneficial reuse project for coal ash stored at Plant Mitchell, a retired coal-fired power station near Albany, Georgia. The project at Plant Mitchell marks the first time that stored ash from existing ash ponds at sites in Georgia will be excavated for beneficial reuse as part of an ash pond closure project.
"As part of our ash pond closure efforts, Georgia Power is always looking for opportunities to reuse coal ash that are beneficial for our customers and communities," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "The coal ash beneficial reuse project at Plant Mitchell will save space in landfills and ultimately serve to help produce a valuable product."
With the Plant Mitchell project, approximately two million tons of stored coal ash will be removed from the existing ash ponds for reuse in Portland cement manufacturing beginning this year.
Today, the company already recycles more than 85 percent of all ash and gypsum, including more than 95 percent of fly ash, it produces from current operations for various beneficial reuses such as concrete production as well as other construction products.
Coal ash has been demonstrated to provide significant value to certain products, such as concrete, in which it adds strength and durability. Opportunities for beneficial reuse of stored coal ash could help produce millions of tons of Portland Cement, concrete and other products, which would also reduce the need for raw materials otherwise used in production.
Plant Mitchell was retired in 2016 following approval by the Georgia Public Service Commission through the company's 2016 Integrated Resource Plan. At completion of the project, the ash pond site will be restored as a useable property.
Beneficial Reuse Request for Proposal (RFP)
Earlier this year, Georgia Power announced it is seeking to identify opportunities for the beneficial reuse of coal ash stored at active and retired coal-fired power plants across the state. Georgia Power is reviewing responses to the RFP the company issued early this year. The next steps will be to issue the RFP details to qualified participants, likely to occur by the end of April, with the company continuing to explore additional beneficial reuse opportunities.
Ash Beneficial Use Center
Georgia Power is partnering with the Electric Power Research Institute (EPRI) to open a research facility in 2020, the Ash Beneficial Use Center, to identify, test and speed the development of beneficial uses of coal ash. The facility will be located at Georgia Power's Plant Bowen and will allow for pilot projects and testing of technologies to continue to increase the recycling and reuse of coal ash.
The research center will be a collaborative project with other electric power utilities through EPRI, an independent, non-profit organization with members in 35 countries, and the center will be available for research projects by EPRI, utilities, technology developers, and academia.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations and tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/31/2020Georgia Power offers tips and resources for customers to manage "stay-at-home" energy use during COVID-19 pandemic
Source: PR Newswire
ATLANTA, March 30, 2020 /PRNewswire/ -- With higher temperatures arriving in Georgia, and families spending more time at home due to the COVID-19 pandemic, Georgia Power encourages customers to minimize the impact of increased energy use on electric bills using the multitude of efficiency resources and tips available at no cost to customers.
Tips, Tools & Resources
Whether customers own a home or rent, tailored tips are available at www.GeorgiaPower.com/Save, which also includes access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Additionally, Georgia Power's My Power Usage program, a free service connected to many Georgia Power online accounts, allows customers to track their daily energy use, project their monthly bill, and set daily or monthly usage alerts.
Simple tips focused on savings as customers spend increased time at home, include:
The company announced several weeks ago that it would temporarily suspend residential disconnections for 30 days beginning Saturday, March 14, 2020, and will reevaluate the decision and time frame as the situation develops. In addition to using energy efficiently, Georgia Power highly encourages all customers to continue making payments to avoid large balance due amounts when the suspension ends.
Assistance when you need it
Georgia Power partners with nonprofits, community and faith-based organizations to offer assistance programs to those in need. Programs include:
Georgia Power has also developed public service announcements (PSAs) to highlight the various assistance and energy efficiency programs available to customers. The PSAs encourage customers to explore www.GeorgiaPower.com/EnergyAssistance to find the best solutions for their individual need. The PSAs can be viewed on the company's YouTube channel.
Customer Scam Warnings
Additionally, Georgia Power is urging customers to be aware of scammers during the COVID-19 pandemic. Customers should beware of phone calls demanding payment via phone. Georgia Power will never ask for a credit card or pre-paid debit card number over the phone. If a customer receives a suspicious call from someone claiming to be from Georgia Power and demanding payment to avoid disconnection, they should hang up and contact the company's customer service line at 888-660-5890. Georgia Power works with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scams.
Georgia Power Employee Safety
Georgia Power has been closely monitoring the potential threat posed by COVID-19 since January. Proactive actions have been taken to both prevent the spread of the illness and protect the safety and health of employees, including:
The company regularly provides information and updates on the virus to employees, including prevention recommendations from the Centers for Disease Control, and is following the latest developments and updates from public health officials and medical professionals.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/30/20203/27/2020 - Containment vessel top placed for Vogtle Unit 4
Containment vessel top placed for Vogtle Unit 4
Source: PR Newswire
ATLANTA, March 27, 2020 /PRNewswire/ -- The final major lifts inside the containment vessels for Georgia Power's Vogtle 3 & 4 project are now complete following the placement of the Unit 4 containment vessel top head earlier today.
The containment vessel is a high-integrity steel structure that houses critical plant components. The top head is 130 feet in diameter, 37 feet tall, and weighs nearly 1.5 million pounds, more than two fully-loaded jumbo jets. It's comprised of 58 large plates, welded together, each more than an inch and a half thick.
The milestone comes approximately a year after the Unit 3 containment vessel top was lifted into place.
"Placement of the Unit 4 top head is a culmination of the hard work and dedication of the Vogtle 3 & 4 team as we continue on the path to operation," said Vogtle 3 & 4 Construction Executive Vice President Glen Chick.
Prior to lifting the containment vessel top head, workers successfully completed the placement of the 300-ton polar crane inside the Unit 4 containment vessel. Once the unit is in operation, the polar crane will be used during refueling outages to disassemble the reactor vessel and remove the reactor vessel's integrated head package, which weighs approximately 475,000 pounds and contains more than three miles of specialty electrical cables.
The crane has been turned over to the project's Initial Test Program, and the team will run the crane through various tests over the course of the next month to help ensure design requirements have been met and that all crane functions are operational. After testing, the crane will be used to assist in construction activities to place components inside the reactor vessel.
Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia, with more than 9,000 workers currently on site, and more than 800 permanent jobs available once the units begin operating.
Significant progress continues to be made at the construction site, with the project now approximately 84% complete.
Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery and Georgia Power YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle units 3 and 4 and job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued outbreak of the novel coronavirus (COVID-19), including disruptions to supply chains, reduced labor availability or productivity, and reduced economic activity, which could have a variety of adverse impacts, including reduced demand for energy and a negative impact on the ability to develop, construct, and operate facilities; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors or vendors; subcontractor performance; adverse weather conditions; shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; delays due to judicial or regulatory action; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4 that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
3/27/20203/24/2020 - Georgia Power focuses on reliability and readiness as spring storm season arrives during COVID-19 pandemic
Georgia Power focuses on reliability and readiness as spring storm season arrives during COVID-19 pandemic
Source: PR Newswire
ATLANTA, March 23, 2020 /PRNewswire/ -- Georgia Power remains committed to providing its 2.6 million customers safe and reliable service, while offering important safety tips and storm resources as the spring storm season arrives amid the COVID-19 pandemic. March, April and May are typically the most active months for severe thunderstorms with lightning, hail and tornadoes, though severe weather can happen at any time.
Storm Response Pandemic Preparations
Georgia Power constantly monitors changing weather conditions and has been closely monitoring the potential threat posed by COVID-19 since January. The company remains prepared to respond to service interruptions that might occur because of severe weather while taking proactive actions including special distancing and other precautions to help protect customers and employees from the spread of the virus.
The company regularly provides information and updates on the virus to employees, including prevention recommendations from the Centers for Disease Control, and is following the latest developments and updates from public health officials and medical professionals.
The company's investments in Smart Grid technology and increased automation in recent years mean an increased ability to more quickly isolate outages to smaller numbers of customers and reroute power remotely for improved reliability. In addition, the company's comprehensive pandemic plans ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy customers expect and deserve.
In the field, the power restoration process includes these key steps:
Storm Safety
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Remote Customer Resources
Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather. Georgia Power offers the following videos, tools and tips to help customers prepare for severe weather:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/24/20203/23/2020 - Southern Company Gas commits $2.5 million across its footprint to support COVID-19 relief efforts
Southern Company Gas commits $2.5 million across its footprint to support COVID-19 relief efforts
Source: PR Newswire
ATLANTA, March 23, 2020 /PRNewswire/ -- The Southern Company Gas Foundation, Southern Company Gas and its subsidiaries are investing $2.5 million this year to support coronavirus (COVID-19) relief efforts in California, Georgia, Illinois, Louisiana, Tennessee, Texas and Virginia. While the company continues to provide safe, reliable fuel to its customers and works to maintain the health and safety of its employees and communities, it is taking immediate action to address the increasing difficulties the global health crisis is creating for those living across the regions it serves.
"These are unprecedented times, and it's more important than ever for us to engage with those who know our communities' needs best," said Kim Greene, chairman, president and CEO of Southern Company Gas. "Whether it's supporting health care providers and first responders or agencies focused on helping businesses and their employees get back on their feet, we are committed to providing resources where they are needed most."
The Southern Company Gas family of companies and its charitable foundation are working with relief organizations located in seven states such as Meals on Wheels, the American Red Cross, the Salvation Army and United Way to help lessen the health, community and economic impacts of the pandemic. Southern Company Gas will be identifying nonprofit partners on a rolling basis as the needs resulting from COVID-19 evolve.
A major part of this effort will take place in Georgia, where Southern Company Gas headquarters and two of its subsidiaries are located. The company's local distribution business Atlanta Gas Light is working with the Public Service Commission and Georgia Watch on Atlanta Gas Light's plan to allocate $1 million for supplemental low-income energy assistance, with a specific focus on aiding the elderly.
These efforts follow a decision by Southern Company Gas' local distribution companies on March 14 to institute a moratorium on disconnections for nonpayment, continuing service for those economically impacted by COVID-19.
In addition, the Southern Company Gas Foundation is launching a new website highlighting COVID-19 support resources and information on how to give back to local communities. Visit scgcares.org for more.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
About the Southern Company Gas Foundation
The Southern Company Gas Foundation is a 501(c)(3) nonprofit committed to supporting those who are transforming lives by tackling complex challenges with revolutionary vision. Every year, the Foundation donates millions of dollars in grants to organizations that align with Southern Company Gas' values and that passionately work to improve the lives of the communities the company serves. As an independent, nonprofit philanthropic foundation, the Southern Company Gas Foundation is funded solely by Southern Company Gas through shareholder dollars.
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SOURCE Southern Company Gas
Article Date
3/23/2020Georgia Power Foundation invests $1 million to support state in COVID-19 recovery
Source: PR Newswire
ATLANTA, March 19, 2020 /PRNewswire/ -- The Georgia Power Foundation, Inc. is investing $1 million in 2020 to support the state of Georgia in addressing the unprecedented impacts of the COVID-19 pandemic. As Georgia Power continues to provide safe, reliable energy for its customers and works to ensure the safety and health of its employees, the company has recognized the strain the global health crisis has put on many families and individuals across the communities it serves.
"Our customers, communities and state are facing unique human and economic challenges from the COVID-19 pandemic. Georgia Power is committed to standing with our neighbors, just as we have for more than 135 years, as we see this challenge through together," said Paul Bowers, chairman, president and CEO of Georgia Power. "This investment by our foundation is in addition to the $1.5 million that Georgia Power has already committed by way of partnerships such as Project Share to help meet the basic needs of those impacted."
This investment will be focused on making an impact on:
In light of the pandemic and related shutdowns that have affected families across Georgia, the company announced recently that it would suspend residential disconnections beginning Saturday, March 14, 2020, for 30 days. Georgia Power will reevaluate the decision and time frame as the situation develops. The company also partners with nonprofits, as well as community and faith-based organizations to offer assistance programs to those in need throughout the year. To learn more about Georgia Power's commitment to the community, including the company's annual citizenship report, visit GeorgiaPower.com/Community.
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the fourth-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/19/20203/13/2020 - Georgia Power assures customers safe and reliable service will continue during COVID-19 pandemic
Georgia Power assures customers safe and reliable service will continue during COVID-19 pandemic
Source: PR Newswire
ATLANTA, March 13, 2020 /PRNewswire/ -- As the COVID-19 coronavirus continues to spread, Georgia Power wants to assure customers that the company has comprehensive plans and procedures to ensure a continuation of operations and service. The company's detailed plans ensure readiness of the critical personnel and facilities necessary to continue providing the safe and reliable energy our customers expect and deserve.
"Our teams are always prepared to respond in challenging situations and I am confident we will continue to meet the needs of our customers during this unprecedented time. It's what we do," said Paul Bowers, chairman, president and CEO of Georgia Power. "Georgia Power's operational plans, systems, infrastructure and generating plants are all designed with reliability in mind. We remain focused on ensuring both the well-being of our employees and the continuity of services for our customers."
Georgia Power also will temporarily suspend residential disconnections for the next 30 days, beginning tomorrow, and will reevaluate the policy and timeframe as the situation develops.
Georgia Power has been closely monitoring the potential threat posed by COVID-19 since January. Proactive actions have been taken to both prevent the spread of the illness and protect the safety and health of employees, including:
The company has regularly provided information and updates on the virus to employees, including prevention recommendations from the Centers for Disease Control and Prevention, and is following the latest developments and updates from public health officials and medical professionals.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/13/2020Georgia Power plans to reduce residential customer bills by approximately $5 per month, effective June 1
Source: PR Newswire
ATLANTA, March 9, 2020 /PRNewswire/ -- Georgia Power has filed a plan with the Georgia Public Service Commission (PSC) to reduce its fuel rates by 16 percent and total annual billings by $329 million. This reduction, if approved by the PSC, is expected to lower the total monthly bill by approximately $5 for the typical residential customer using 1,000 kilowatt-hours per month beginning June 1, 2020.
The reduction in the company's fuel rate is driven primarily by lower natural gas prices as a result of increased natural gas supplies. By working with the Georgia PSC, Georgia Power proactively plans and develops a diverse and balanced energy mix. This means the company is able to take advantage of the most cost-effective resources throughout the year including nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind, and pass along savings to customers. Fuel rates are set separately from base rates.
The Georgia PSC will conduct public hearings regarding the filed plan on May 18 – 19, 2020, with a final decision expected on May 28, 2020. If approved, the new fuel rates will be effective June 1, 2020.
In addition to the planned reduction in fuel rates, Georgia Power also recently announced the third and final bill credits associated with the Tax Cuts and Jobs Act of 2017, resulting in credits totaling $106 million. The typical residential customer using an average of 1,000 kilowatt-hours per month received a credit of approximately $22 on their February Georgia Power bill.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/9/2020Georgia Power orders first fuel load for Vogtle Unit 4
Source: PR Newswire
ATLANTA, March 5, 2020 /PRNewswire/ -- Georgia Power has ordered the first nuclear fuel load for Vogtle Unit 4, completing the initial fuel order needed to operate the first newly-designed reactors in the U.S. in 30 years. Fuel for Unit 3 was ordered last summer and completing the fuel order for Unit 4 marks another significant milestone at the Vogtle nuclear expansion near Waynesboro, Georgia.
Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will eventually be loaded into the reactor vessels to support startup once the reactors begin operating. After the initial fueling, approximately one third of the total fuel assemblies will be replaced during each refueling outage after the units begin operating, similar to the process used at existing Vogtle units 1 & 2.
In addition, workers have successfully installed 10 of the 16 shield building courses of panels that surround the Unit 4 containment vessel. The shield building is a unique feature of the AP1000 reactor design for Vogtle 3 & 4, providing an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia with more than 9,000 workers currently on site, and more than 800 permanent jobs available once the units begin operating.
Significant progress continues to be made at the construction site, with the project now approximately 84% complete. Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle units 3 and 4 and job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors or vendors; subcontractor performance; adverse weather conditions; shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; delays due to judicial or regulatory action; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4 that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
3/5/2020Stay warm and save energy as temperatures drop across Georgia
Source: PR Newswire
ATLANTA, Feb. 20, 2020 /PRNewswire/ -- With temperatures across parts of Georgia expected to drop in the coming days, Georgia Power reminds customers that small changes around the house can deliver big energy savings during fluctuating temperatures.
Tips, Tools & Resources
Georgia Power offers efficiency tips, tools and resources that can help all customers save money and energy throughout the year. Hundreds of easy energy tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save. The website also includes access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Simple winter weather tips to save money and energy include:
The company also offers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com.
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
2/20/2020Southern Company reports fourth-quarter and full-year 2019 earnings
Source: PR Newswire
ATLANTA, Feb. 20, 2020 /PRNewswire/ -- Southern Company today reported fourth-quarter 2019 earnings of $440 million, or 42 cents per share, compared with $278 million, or 27 cents per share, in the fourth quarter of 2018. Southern Company also reported full-year 2019 earnings of $4.74 billion, or $4.53 per share, compared with earnings of $2.23 billion, or $2.18 per share, in 2018.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $283 million, or 27 cents per share, during the fourth quarter of 2019, compared with $256 million, or 25 cents per share, during the fourth quarter of 2018. For the full year 2019, excluding these items, Southern Company earned $3.25 billion, or $3.11 per share, compared with earnings of $3.13 billion, or $3.07 per share, in 2018.
Non-GAAP Financial Measures | Three Months Ended December | Year-to-Date December | |||
Net Income - Excluding Items (in millions) | 2019 | 2018 | 2019 | 2018 | |
Net Income - As Reported | $440 | $278 | $4,739 | $2,226 | |
Less: | |||||
Acquisition, Disposition, and Integration Impacts | 39 | (58) | 2,516 | 35 | |
Tax Impact | 48 | 11 | (1,081) | (294) | |
Estimated Loss on Plants Under Construction | (11) | 6 | (27) | (1,102) | |
Tax Impact | (4) | 94 | - | 376 | |
Wholesale Gas Services | 136 | (41) | 215 | 42 | |
Tax Impact | (34) | 14 | (52) | (4) | |
Asset Impairment | (16) | - | (108) | - | |
Tax Impact | (1) | - | 26 | - | |
Litigation Settlement | - | - | - | 24 | |
Tax Impact | - | - | - | (6) | |
Earnings Guidance Comparability Item: | |||||
Adoption of Tax Reform | - | (4) | - | 27 | |
Net Income – Excluding Items | $283 | $256 | $3,250 | $3,128 | |
Average Shares Outstanding – (in millions) | 1,052 | 1,034 | 1,046 | 1,020 | |
Basic Earnings Per Share – Excluding Items | $0.27 | $0.25 | $3.11 | $3.07 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers for the full year 2019 were positively influenced by higher earnings at our state-regulated utilities, more than offsetting the impact of divested entities on earnings. The increases reflect the continued impacts of tax reform, including related changes in capital structure, as well as continued investment at our state-regulated utilities, along with customer growth, offset by declines in customer usage.
"By all accounts, 2019 was an outstanding year for Southern Company, as we performed well across a broad range of metrics," said Chairman, President and CEO Thomas A. Fanning. "Operational performance at our state-regulated utilities was superb, with record generation and transmission reliability. Nicor Gas reliably delivered natural gas to customers in Illinois during unprecedented cold temperatures. We continued to decarbonize our generation fleet and we saw constructive outcomes in several key regulatory proceedings."
"At Georgia Power's Plant Vogtle, we accomplished all major 2019 milestones associated with the construction of new nuclear units 3 and 4," added Fanning. "We have refined our aggressive site work plan for the project, which will serve as a tool to drive improved productivity to achieve the regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4."
Fourth quarter 2019 operating revenues were $4.91 billion, compared with $5.34 billion for the fourth quarter of 2018, a decrease of 7.9 percent. Operating revenues for the full year 2019 were $21.42 billion, compared with $23.50 billion in 2018, a decrease of 8.8 percent. These decreases reflect the dispositions of Gulf Power and other assets.
Southern Company's fourth quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update, including earnings guidance for 2020. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected schedule for completion of Plant Vogtle units 3 and 4. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors or vendors; subcontractor performance; adverse weather conditions; shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; delays due to judicial or regulatory action; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4 that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; in the event Georgia Power becomes obligated to provide funding to Municipal Electric Authority of Georgia ("MEAG") with respect to the portion of MEAG's ownership interest in Plant Vogtle Units 3 and 4 involving Jacksonville Electric Authority, any inability of Georgia Power to receive repayment of such funding; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Southern Company expressly disclaims any obligation to update any forward‐looking information.
Southern Company | |||||||||||||||||||||||||
Financial Highlights | |||||||||||||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | |||||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||||
Net Income–As Reported (See Notes) | 2019 | 2018 | 2019 | 2018 | |||||||||||||||||||||
Traditional Electric Operating Companies | $ | 210 | $ | 407 | $ | 2,929 | $ | 2,117 | |||||||||||||||||
Southern Power | 23 | (48) | 339 | 187 | |||||||||||||||||||||
Southern Company Gas | 238 | 78 | 585 | 372 | |||||||||||||||||||||
Total | 471 | 437 | 3,853 | 2,676 | |||||||||||||||||||||
Parent Company and Other | (31) | (159) | 886 | (450) | |||||||||||||||||||||
Net Income–As Reported | $ | 440 | $ | 278 | $ | 4,739 | $ | 2,226 | |||||||||||||||||
Basic Earnings Per Share1 | $ | 0.42 | $ | 0.27 | $ | 4.53 | $ | 2.18 | |||||||||||||||||
Average Shares Outstanding (in millions) | 1,052 | 1,034 | 1,046 | 1,020 | |||||||||||||||||||||
End of Period Shares Outstanding (in millions) | 1,053 | 1,034 | |||||||||||||||||||||||
Non-GAAP Financial Measures | Three Months Ended | Year-to-Date | |||||||||||||||||||||||
Net Income–Excluding Items (See Notes) | 2019 | 2018 | 2019 | 2018 | |||||||||||||||||||||
Net Income–As Reported | $ | 440 | $ | 278 | $ | 4,739 | $ | 2,226 | |||||||||||||||||
Less: | |||||||||||||||||||||||||
Acquisition, Disposition, and Integration Impacts2 | 39 | (58) | 2,516 | 35 | |||||||||||||||||||||
Tax Impact | 48 | 11 | (1,081) | (294) | |||||||||||||||||||||
Estimated Loss on Plants Under Construction3 | (11) | 6 | (27) | (1,102) | |||||||||||||||||||||
Tax Impact | (4) | 94 | — | 376 | |||||||||||||||||||||
Wholesale Gas Services4 | 136 | (41) | 215 | 42 | |||||||||||||||||||||
Tax Impact | (34) | 14 | (52) | (4) | |||||||||||||||||||||
Asset Impairment5 | (16) | — | (108) | — | |||||||||||||||||||||
Tax Impact | (1) | — | 26 | — | |||||||||||||||||||||
Litigation Settlement6 | — | — | — | 24 | |||||||||||||||||||||
Tax Impact | — | — | — | (6) | |||||||||||||||||||||
Earnings Guidance Comparability Item: | |||||||||||||||||||||||||
Adoption of Tax Reform6 | — | (4) | — | 27 | |||||||||||||||||||||
Net Income–Excluding Items | $ | 283 | $ | 256 | $ | 3,250 | $ | 3,128 | |||||||||||||||||
Basic Earnings Per Share–Excluding Items | $ | 0.27 | $ | 0.25 | $ | 3.11 | $ | 3.07 | |||||||||||||||||
Southern Company | |||||||||||||||||||||||||
Financial Highlights | |||||||||||||||||||||||||
Notes | |||||||||||||||||||||||||
(1) | Dilutive impacts are immaterial ($0.03 or less per share) in all periods. Diluted earnings per share was $0.42 and $4.50 for the three and twelve months ended December 31 2019, respectively, and $0.27 and $2.17 for the three and twelve months ended December 31, 2018, respectively. | ||||||||||||||||||||||||
(2) | Earnings for the three months ended December 31, 2019 include: (i) a $70 million pre-tax ($102 million after- tax) | ||||||||||||||||||||||||
(3) | Earnings for the three and twelve months ended December 31, 2019 and 2018 include charges, associated legal expenses, and tax impacts related to Mississippi Power's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a related state income tax valuation allowance. Mississippi Power expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities by 2024. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $17 million in 2020, $15 to $16 million annually in 2021through 2023, and $5 million in 2024. Earnings for the twelve months ended December 31, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power's construction of Plant Vogtle Units 3 and 4. Further charges for Georgia Power's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. | ||||||||||||||||||||||||
(4) | Earnings for the three and twelve months ended December 31, 2019 and 2018 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||||||||||||||
(5) | Earnings for the twelve months ended December 31, 2019 include a pre-tax impairment charge of $91 million ($69 | ||||||||||||||||||||||||
(6) | Earnings for the twelve months ended December 31, 2018 include the settlement proceeds of Mississippi Power's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill and earnings for the three and twelve months ended December 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation. Additional proceeds or adjustments are not expected. | ||||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | |||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
As Reported1 (See Notes) | $ | 0.42 | $ | 0.27 | $ | 0.15 | $ | 4.53 | $ | 2.18 | $ | 2.35 | ||||||||||||
Significant Factors: | ||||||||||||||||||||||||
Traditional Electric Operating Companies | $ | (0.19) | $ | 0.80 | ||||||||||||||||||||
Southern Power | 0.07 | 0.15 | ||||||||||||||||||||||
Southern Company Gas | 0.15 | 0.21 | ||||||||||||||||||||||
Parent Company and Other | 0.13 | 1.30 | ||||||||||||||||||||||
Increase in Shares | (0.01) | (0.11) | ||||||||||||||||||||||
Total–As Reported | $ | 0.15 | $ | 2.35 | ||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
Non-GAAP Financial Measures | 2019 | 2018 | Change | 2019 | 2018 | Change | ||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
Excluding Items (See Notes) | $ | 0.27 | $ | 0.25 | $ | 0.02 | $ | 3.11 | $ | 3.07 | $ | 0.04 | ||||||||||||
Total–As Reported | $ | 0.15 | $ | 2.35 | ||||||||||||||||||||
Less: | ||||||||||||||||||||||||
Acquisition, Disposition, and Integration Impacts2 | 0.13 | 1.63 | ||||||||||||||||||||||
Estimated Loss on Plants Under Construction3 | (0.11) | 0.68 | ||||||||||||||||||||||
Wholesale Gas Services4 | 0.13 | 0.13 | ||||||||||||||||||||||
Asset Impairment5 | (0.02) | (0.08) | ||||||||||||||||||||||
Litigation Settlement6 | — | (0.02) | ||||||||||||||||||||||
Adoption of Tax Reform6 | — | (0.03) | ||||||||||||||||||||||
Total–Excluding Items | $ | 0.02 | $ | 0.04 | ||||||||||||||||||||
Southern Company | |||||||||
Significant Factors Impacting EPS | |||||||||
Notes | |||||||||
(1) | Dilutive impacts are immaterial ($0.03 or less per share) in all periods. Diluted earnings per share was $0.42 and $4.50 for the three and twelve months ended December 31 2019, respectively, and $0.27 and $2.17 for the three and twelve months ended December 31, 2018, respectively. | ||||||||
(2) | Earnings for the three months ended December 31, 2019 include: (i) a $70 million pre-tax ($102 million after- tax) increase for the gain on the sale of Gulf Power; (ii) a $24 million pre-tax ($17 million after-tax) impairment charge in contemplation of the pending sale of Pivotal LNG and Atlantic Coast Pipeline; and (iii) a net $7 million pre-tax reduction to earnings (net $2 million after-tax increase to earnings) of other acquisition, disposition, and integration impacts. Earnings for the twelve months ended December 31, 2019 include: (i) a $2.6 billion pre-tax ($1.4 billion after-tax) gain on the sale of Gulf Power; (ii) a $23 million pre-tax ($88 million after-tax) gain on the sale of Plant Nacogdoches; and (iii) $18 million pre tax ($11 million after tax) of other acquisition, disposition, and integration impacts, partially offset by: (i) a $58 million pre-tax ($52 million after-tax) net loss, including impairment charges, associated with the sales of PowerSecure's utility infrastructure services and lighting businesses and (ii) a $24 million pre-tax ($17 million after-tax) impairment charge in contemplation of the pending sale of Pivotal LNG and Atlantic Coast Pipeline. Earnings for the three months ended December 31, 2018 include: (i) a net combined $27 million pre-tax loss (net combined $15 million after-tax loss) to reflect the final adjustments for the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions and (ii) other acquisition, disposition, and integration costs of $31 million pre tax ($32 million after tax). Earnings for the twelve months ended December 31, 2018 include: (i) a net combined $249 million pre-tax gain ($93 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions, including a related impairment charge; (ii) a $119 million pre-tax ($89 million after-tax) impairment charge associated with the sales of Plants Stanton and Oleander; and (iii) $95 million pre tax ($77 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2020 in connection with the sale of Plant Mankato and the pending sale of Pivotal LNG and Atlantic Coast Pipeline. | ||||||||
(3) | Earnings for the three and twelve months ended December 31, 2019 and 2018 include charges, associated legal expenses, and tax impacts related to Mississippi Power's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a related state income tax valuation allowance. Mississippi Power expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities by 2024. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $17 million in 2020, $15 to $16 million annually in 2021 through 2023, and $5 million in 2024. Earnings for the twelve months ended December 31, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power's construction of Plant Vogtle Units 3 and 4. Further charges for Georgia Power's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. | ||||||||
(4) | Earnings for the three and twelve months ended December 31, 2019 and 2018 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
(5) | Earnings for the twelve months ended December 31, 2019 include a pre-tax impairment charge of $91 million ($69 million after tax) associated with a natural gas storage facility and earnings for the three months ended December 31, 2019 include an adjustment of $(1) million pre tax ($4 million after tax) of this impairment charge. Additionally, earnings for the three and twelve months ended December 31, 2019 include a pre-tax impairment charge of $17 million ($13 million after tax) related to a leveraged lease. Additional impairment charges associated with other natural gas storage facilities or this leveraged lease investment may occur; however, the amount and timing of any such charges are uncertain. | ||||||||
(6) | Earnings for the twelve months ended December 31, 2018 include the settlement proceeds of Mississippi Power's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill and earnings for the three and twelve months ended December 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation. Additional proceeds or adjustments are not expected. | ||||||||
Southern Company | ||||
EPS Earnings Analysis | ||||
Description | Three Months Ended | Year-to-Date December | ||
Retail Sales | $(0.02) | $(0.12) | ||
Retail Revenue Impacts | 0.11 | 0.44 | ||
Weather | (0.03) | 0.02 | ||
Wholesale and Other Operating Revenues | 0.01 | 0.07 | ||
Non-Fuel O&M | (0.11) | (0.14) | ||
Interest Expense, Depreciation and Amortization, Other | — | (0.03) | ||
Income Taxes | 0.04 | 0.14 | ||
Gulf Power Earnings | (0.01) | (0.16) | ||
Total Traditional Electric Operating Companies | $(0.01) | $0.22 | ||
Southern Power | (0.02) | (0.12) | ||
Southern Company Gas | 0.03 | 0.04 | ||
Parent and Other | 0.02 | (0.02) | ||
Increase in Shares | — | (0.08) | ||
Total Change in EPS (Excluding Items) | $0.02 | $0.04 | ||
Acquisition, Disposition, and Integration Impacts1 | 0.13 | 1.63 | ||
Estimated Loss on Plants Under Construction2 | (0.11) | 0.68 | ||
Wholesale Gas Services3 | 0.13 | 0.13 | ||
Asset Impairment4 | (0.02) | (0.08) | ||
Litigation Settlement5 | — | (0.02) | ||
Adoption of Tax Reform5 | — | (0.03) | ||
Total Change in EPS (As Reported) | $0.15 | $2.35 | ||
Southern Company | ||||||||
EPS Earnings Analysis | ||||||||
Three and Twelve Months Ended December 2019 vs. December 2018 | ||||||||
Notes | ||||||||
(1) | Earnings for the three months ended December 31, 2019 include: (i) a $70 million pre-tax ($102 million after- tax) increase for the gain on the sale of Gulf Power; (ii) a $24 million pre-tax ($17 million after-tax) impairment charge in contemplation of the pending sale of Pivotal LNG and Atlantic Coast Pipeline; and (iii) a net $7 million pre-tax reduction to earnings (net $2 million after-tax increase to earnings) of other acquisition, disposition, and integration impacts. Earnings for the twelve months ended December 31, 2019 include: (i) a $2.6 billion pre-tax ($1.4 billion after-tax) gain on the sale of Gulf Power; (ii) a $23 million pre-tax ($88 million after-tax) gain on the sale of Plant Nacogdoches; and (iii) $18 million pre tax ($11 million after tax) of other acquisition, disposition, and integration impacts, partially offset by: (i) a $58 million pre-tax ($52 million after-tax) net loss, including impairment charges, associated with the sales of PowerSecure's utility infrastructure services and lighting businesses and (ii) a $24 million pre-tax ($17 million after-tax) impairment charge in contemplation of the pending sale of Pivotal LNG and Atlantic Coast Pipeline. Earnings for the three months ended December 31, 2018 include: (i) a net combined $27 million pre-tax loss (net combined $15 million after-tax loss) to reflect the final adjustments for the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions and (ii) other acquisition, disposition, and integration costs of $31 million pre tax ($32 million after tax). Earnings for the twelve months ended December 31, 2018 include: (i) a net combined $249 million pre-tax gain ($93 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions, including a related impairment charge; (ii) a $119 million pre-tax ($89 million after-tax) impairment charge associated with the sales of Plants Stanton and Oleander; and (iii) $95 million pre tax ($77 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2020 in connection with the sale of Plant Mankato and the pending sale of Pivotal LNG and Atlantic Coast Pipeline. | |||||||
(2) | Earnings for the three and twelve months ended December 31, 2019 and 2018 include charges, associated legal expenses, and tax impacts related to Mississippi Power's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a related state income tax valuation allowance. Mississippi Power expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities by 2024. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $17 million in 2020, $15 to $16 million annually in 2021 through 2023, and $5 million in 2024. Earnings for the twelve months ended December 31, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power's construction of Plant Vogtle Units 3 and 4. Further charges for Georgia Power's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges are uncertain. | |||||||
(3) | Earnings for the three and twelve months ended December 31, 2019 and 2018 include Wholesale Gas Services business results. Presenting earnings and earnings per share excluding Wholesale Gas Services provides an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |||||||
(4) | Earnings for the twelve months ended December 31, 2019 include a pre-tax impairment charge of $91 million ($69 million after tax) associated with a natural gas storage facility and earnings for the three months ended December 31, 2019 include an adjustment of $(1) million pre tax ($4 million after tax) of this impairment charge. Additionally, earnings for the three and twelve months ended December 31, 2019 include a pre-tax impairment charge of $17 million ($13 million after tax) related to a leveraged lease. Additional impairment charges associated with other natural gas storage facilities or this leveraged lease investment may occur; however, the amount and timing of any such charges are uncertain. | |||||||
(5) | Earnings for the twelve months ended December 31, 2018 include the settlement proceeds of Mississippi Power's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill and earnings for the three and twelve months ended December 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation. Additional proceeds or adjustments are not expected. | |||||||
Southern Company | ||||||||||||||||||||||||
Consolidated Earnings | ||||||||||||||||||||||||
As Reported | ||||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | |||||||||||||||||||
Income Account- | ||||||||||||||||||||||||
Retail Electric Revenues- | ||||||||||||||||||||||||
Fuel | $ | 784 | $ | 1,012 | $ | (228) | $ | 3,591 | $ | 4,283 | $ | (692) | ||||||||||||
Non-Fuel | 2,164 | 2,297 | (133) | 10,493 | 10,939 | (446) | ||||||||||||||||||
Wholesale Electric Revenues | 485 | 579 | (94) | 2,152 | 2,516 | (364) | ||||||||||||||||||
Other Electric Revenues | 144 | 169 | (25) | 636 | 664 | (28) | ||||||||||||||||||
Natural Gas Revenues | 1,131 | 1,048 | 83 | 3,792 | 3,854 | (62) | ||||||||||||||||||
Other Revenues | 206 | 232 | (26) | 755 | 1,239 | (484) | ||||||||||||||||||
Total Revenues | 4,914 | 5,337 | (423) | 21,419 | 23,495 | (2,076) | ||||||||||||||||||
Fuel and Purchased Power | 977 | 1,334 | (357) | 4,438 | 5,608 | (1,170) | ||||||||||||||||||
Cost of Natural Gas | 363 | 486 | (123) | 1,319 | 1,539 | (220) | ||||||||||||||||||
Cost of Other Sales | 119 | 118 | 1 | 435 | 806 | (371) | ||||||||||||||||||
Non-Fuel O & M | 1,712 | 1,672 | 40 | 5,600 | 5,889 | (289) | ||||||||||||||||||
Depreciation and Amortization | 771 | 793 | (22) | 3,038 | 3,131 | (93) | ||||||||||||||||||
Taxes Other Than Income Taxes | 299 | 325 | (26) | 1,230 | 1,315 | (85) | ||||||||||||||||||
Estimated Loss on Plants Under Construction | 14 | (8) | 22 | 24 | 1,097 | (1,073) | ||||||||||||||||||
Impairment Charges | 26 | 13 | 13 | 168 | 210 | (42) | ||||||||||||||||||
(Gain) Loss on Dispositions, net | (57) | 26 | (83) | (2,569) | (291) | (2,278) | ||||||||||||||||||
Total Operating Expenses | 4,224 | 4,759 | (535) | 13,683 | 19,304 | (5,621) | ||||||||||||||||||
Operating Income | 690 | 578 | 112 | 7,736 | 4,191 | 3,545 | ||||||||||||||||||
Allowance for Equity Funds Used During | 32 | 39 | (7) | 128 | 138 | (10) | ||||||||||||||||||
Earnings from Equity Method Investments | 42 | 40 | 2 | 162 | 148 | 14 | ||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 442 | 456 | (14) | 1,736 | 1,842 | (106) | ||||||||||||||||||
Other Income (Expense), net | 13 | (81) | 94 | 252 | 114 | 138 | ||||||||||||||||||
Income Taxes (Benefit) | (74) | (149) | 75 | 1,798 | 449 | 1,349 | ||||||||||||||||||
Net Income | 409 | 269 | 140 | 4,744 | 2,300 | 2,444 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Dividends on Preferred Stock of Subsidiaries | 5 | 4 | 1 | 15 | 16 | (1) | ||||||||||||||||||
Net Income (Loss) Attributable to | (36) | (13) | (23) | (10) | 58 | (68) | ||||||||||||||||||
NET INCOME ATTRIBUTABLE TO | $ | 440 | $ | 278 | $ | 162 | $ | 4,739 | $ | 2,226 | $ | 2,513 | ||||||||||||
Notes | ||||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||||||||||||||
Southern Company | |||||||||||||||||||||
Kilowatt-Hour Sales | |||||||||||||||||||||
(In Millions of KWHs) | |||||||||||||||||||||
Three Months Ended December | |||||||||||||||||||||
As Reported | Adjusted1 | ||||||||||||||||||||
2019 | 2018 | Change | Weather | 2018 | Change | Weather | |||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||
Total Sales | 46,185 | 49,539 | (6.8) | % | 46,943 | (1.6) | % | ||||||||||||||
Total Retail Sales- | 34,254 | 37,973 | (9.8) | % | (8.2) | % | 35,529 | (3.6) | % | (2.1) | % | ||||||||||
Residential | 10,738 | 12,475 | (13.9) | % | (9.7) | % | 11,281 | (4.8) | % | (0.6) | % | ||||||||||
Commercial | 11,324 | 12,346 | (8.3) | % | (7.7) | % | 11,510 | (1.6) | % | (1.1) | % | ||||||||||
Industrial | 12,022 | 12,949 | (7.2) | % | (7.2) | % | 12,542 | (4.1) | % | (4.1) | % | ||||||||||
Other | 170 | 203 | (16.3) | % | (16.1) | % | 196 | (13.4) | % | (13.1) | % | ||||||||||
Total Wholesale Sales | 11,931 | 11,566 | 3.2 | % | N/A | 11,414 | 4.5 | % | N/A | ||||||||||||
Year-to-Date December | |||||||||||||||||||||
As Reported | Adjusted1 | ||||||||||||||||||||
2019 | 2018 | Change | Weather | 2018 | Change | Weather | |||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||
Total Sales | 196,488 | 212,144 | (7.4) | % | 200,353 | (1.9) | % | ||||||||||||||
Total Retail Sales- | 148,461 | 162,182 | (8.5) | % | (8.4) | % | 151,049 | (1.7) | % | (1.8) | % | ||||||||||
Residential | 48,528 | 54,590 | (11.1) | % | (10.7) | % | 49,070 | (1.1) | % | (0.8) | % | ||||||||||
Commercial | 49,101 | 53,451 | (8.1) | % | (8.6) | % | 49,623 | (1.1) | % | (1.6) | % | ||||||||||
Industrial | 50,106 | 53,341 | (6.1) | % | (6.1) | % | 51,584 | (2.9) | % | (2.9) | % | ||||||||||
Other | 726 | 800 | (9.1) | % | (9.0) | % | 772 | (5.8) | % | (5.7) | % | ||||||||||
Total Wholesale Sales | 48,027 | 49,962 | (3.9) | % | N/A | 49,304 | (2.6) | % | N/A | ||||||||||||
Notes | |||||||||||||||||||||
(1) Kilowatt-hour sales comparisons to the prior year were significantly impacted by the disposition of Gulf Power | |||||||||||||||||||||
Southern Company | ||||||||||||||
Customers | ||||||||||||||
(In Thousands of Customers) | ||||||||||||||
Period Ended December | ||||||||||||||
2019 | 2018 | Change | ||||||||||||
Regulated Utility Customers- | ||||||||||||||
Total Utility Customers- | 8,543 | 8,933 | (4.4)% | |||||||||||
Total Traditional Electric1 | 4,266 | 4,685 | (8.9)% | |||||||||||
Southern Company Gas | 4,277 | 4,248 | 0.7% | |||||||||||
Notes | ||||||||||||||
(1) Includes approximately 463,000 customers at December 31, 2018 related to Gulf Power Company, which was | ||||||||||||||
Southern Company | |||||||||||||||||||||||||
Financial Overview | |||||||||||||||||||||||||
As Reported | |||||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||||
2019 | 2018 | % Change | 2019 | 2018 | % Change | ||||||||||||||||||||
Southern Company1 – | |||||||||||||||||||||||||
Operating Revenues | $ | 4,914 | $ | 5,337 | (7.9) | % | $ | 21,419 | $ | 23,495 | (8.8) | % | |||||||||||||
Earnings Before Income Taxes | 335 | 120 | 179.2 | % | 6,542 | 2,749 | 138.0 | % | |||||||||||||||||
Net Income Available to Common | 440 | 278 | 58.3 | % | 4,739 | 2,226 | 112.9 | % | |||||||||||||||||
Alabama Power – | |||||||||||||||||||||||||
Operating Revenues | $ | 1,363 | $ | 1,316 | 3.6 | % | $ | 6,125 | $ | 6,032 | 1.5 | % | |||||||||||||
Earnings Before Income Taxes | 67 | 96 | (30.2) | % | 1,355 | 1,236 | 9.6 | % | |||||||||||||||||
Net Income Available to Common | 88 | 73 | 20.5 | % | 1,070 | 930 | 15.1 | % | |||||||||||||||||
Georgia Power – | |||||||||||||||||||||||||
Operating Revenues | $ | 1,703 | $ | 1,818 | (6.3) | % | $ | 8,408 | $ | 8,420 | (0.1) | % | |||||||||||||
Earnings Before Income Taxes | 128 | 175 | (26.9) | % | 2,192 | 1,007 | 117.7 | % | |||||||||||||||||
Net Income Available to Common | 122 | 173 | (29.5) | % | 1,720 | 793 | 116.9 | % | |||||||||||||||||
Mississippi Power – | |||||||||||||||||||||||||
Operating Revenues | $ | 294 | $ | 308 | (4.5) | % | $ | 1,264 | $ | 1,265 | (0.1) | % | |||||||||||||
Earnings Before Income Taxes | 3 | 24 | (87.5) | % | 169 | 134 | 26.1 | % | |||||||||||||||||
Net Income Available to Common | — | 149 | (100.0) | % | 139 | 235 | (40.9) | % | |||||||||||||||||
Southern Power1 – | |||||||||||||||||||||||||
Operating Revenues | $ | 411 | $ | 506 | (18.8) | % | $ | 1,938 | $ | 2,205 | (12.1) | % | |||||||||||||
Earnings (Loss) Before Income Taxes | (28) | (14) | 100.0 | % | 273 | 82 | 232.9 | % | |||||||||||||||||
Net Income (Loss) Available to Common | 23 | (48) | (147.9) | % | 339 | 187 | 81.3 | % | |||||||||||||||||
Southern Company Gas1 – | |||||||||||||||||||||||||
Operating Revenues | $ | 1,131 | $ | 1,048 | 7.9 | % | $ | 3,792 | $ | 3,909 | (3.0) | % | |||||||||||||
Earnings Before Income Taxes | 307 | 67 | 358.2 | % | 715 | 836 | (14.5) | % | |||||||||||||||||
Net Income Available to Common | 238 | 78 | 205.1 | % | 585 | 372 | 57.3 | % | |||||||||||||||||
Notes | |||||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||||||||||||||||
(1) | Financial comparisons to the prior year were significantly impacted by (i) Southern Company Gas' disposition | ||||||||||||||||||||||||
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SOURCE Southern Company
Article Date
2/20/2020Nicor Gas Makes Two-Year, $100,000 Commitment to Habitat for Humanity
Source: PR Newswire
NAPERVILLE, Ill., Feb. 12, 2020 /PRNewswire/ -- Nicor Gas has made a two-year, $100,000 commitment to two local Habitat for Humanity affiliates to support construction of new homes for families in the DuPage and Fox Valley areas. Nicor Gas employees will also volunteer their personal time to aid building efforts at Habitat for Humanity locations across the state throughout the summer.
"At Nicor Gas, we understand how significant having a warm place to return to each day can be for families," said Pat Whiteside, vice president of Business Support for Nicor Gas. "Our employees' support for Habitat for Humanity is an extension of the hard work they put in every day to ensure our communities feel the comfort of home."
This is the second, two-year commitment between Nicor Gas and Habitat for Humanity. In 2018, Nicor Gas donated $60,000 and 850 volunteer hours by employees, family and friends, who together helped build 11 homes for families through the Fox Valley and DuPage Habitat for Humanity affiliates.
"Nicor Gas employees get up close and personal with our families, transforming their lives forever," said Jeffrey J. Barrett, executive director at Fox Valley Habitat for Humanity. "Our four-year partnership extends beyond funds, they give their hands and feet and minds and hearts."
To date, Nicor Gas employees' construction efforts have benefitted 54 families in Illinois, including work on Fox Valley Habitat for Humanity's first Americans with Disabilities Act-compliant home in Aurora and DuPage Habitat for Humanity's townhome development in Hanover Park.
"We are grateful for the continued efforts of corporate partners like Nicor Gas," said Dave Neary, executive director of DuPage Habitat for Humanity. "They are actively supporting our vision of a world where everyone has a place of their own to call home."
To learn more about Nicor Gas and volunteerism, please visit nicorgas.com/community/volunteerism.
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit nicorgas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
About Habitat for Humanity
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in local communities across all 50 states in the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.
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SOURCE Nicor Gas
Article Date
2/12/2020Final major concrete placement completed inside Vogtle Unit 3 containment
Source: PR Newswire
ATLANTA, Feb. 11, 2020 /PRNewswire/ -- Workers at Georgia Power's Vogtle 3 & 4 project have completed the final concrete placement inside the Unit 3 containment vessel, which houses the unit's reactor. Completing this milestone is an important step that allows for the installation of machinery that will be used to load fuel into the unit.
Last year, the company announced it had ordered the first nuclear fuel load for Unit 3, the first nuclear fuel order to be placed in more than 30 years for a newly-designed reactor in the U.S. Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will eventually be loaded into the Unit 3 reactor vessel to support startup once the reactor begins operating.
Enough concrete for a sidewalk from Miami to Seattle
A total of 11,700 cubic yards - more than 22,000 tons - of concrete has been placed inside the Unit 3 containment vessel since construction began. In Unit 4, the final concrete placement of the operating deck has been completed, marking the last substantial concrete placement ahead of the containment vessel top lift in the coming months. Since the beginning of the project, more than 680,000 cubic yards of concrete have been placed for the new units, enough to build a sidewalk from Miami to Seattle.
Project workforce reaches all-time high
In addition, the project workforce has reached an all-time high with approximately 9,000 workers now on site. With more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
New construction time-lapse video highlights progress since groundbreaking
Georgia Power has released a new video of the nation's only new nuclear units currently under construction. From the removal of four million cubic yards of soil, to historic module and concrete placements, the video includes milestones throughout the project's history. Once completed, units 3 & 4 are expected to generate enough electricity to power approximately 500,000 homes and businesses.
The company has also released new aerial photos of the site, and a flyover video highlighting the progress being made at the site of the nation's first new nuclear units in more than 30 years.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction and generating capacity of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the inherent risks involved in operating and constructing nuclear generating facilities; and the ability of counterparties of Georgia Power and its subsidiaries to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
2/11/2020Wildhorse Mountain Wind Facility in Oklahoma is Operational
Source: PR Newswire
ATLANTA, Feb. 11, 2020 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 100-megawatt (MW) Wildhorse Mountain Wind Facility in Pushmataha County, Okla., is now operational.
"Wildhorse Mountain Wind Facility is our fourth wind project in the state of Oklahoma, and we are pleased to see this project achieve commercial operation," said Southern Power CEO Mark Lantrip. "This additional facility showcases our commitment to the development of wind energy and is an excellent addition to our growing renewable fleet."
The electricity and associated renewable energy credits (RECs) generated by the facility are being sold under a 20-year power purchase agreement to Arkansas Electric Cooperative Corporation (AECC). AECC will have the option to keep or sell the associated RECs.
Wildhorse Mountain Wind Facility consists of 29 wind turbines manufactured by Vestas, which is contracted with Southern Power to maintain and operate the facility. Vestas will provide long-term maintenance of the turbines through a service agreement. Southern Power is responsible for performing the balance of onsite plant operations.
Southern Power acquired the facility in May 2018 from Renewable Energy Systems (RES) and oversaw all construction activity on site. RES served as the developer and constructor of the site, which created 250 jobs at peak construction.
This project aligns with Southern Power's business strategy of acquiring and developing projects covered by long-term contracts with counterparties with strong credit support.
Southern Power's wind portfolio now consists of more than 2,058 MW and is a part of the company's 4,454-MW renewable fleet, which consists of 40 solar and wind facilities operating or under construction.
About Southern Power
"Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor- owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 49 facilities operating or under construction in 12 states with more than 11,864 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas and Washington."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Power
Article Date
2/11/2020Alabama Power leaders named to national innovation commission
Source: PR Newswire
BIRMINGHAM, Ala., Feb. 3, 2020 /PRNewswire/ -- Alabama Power CEO Mark Crosswhite has been appointed as an executive committee member of the Council on Competitiveness and commissioner on the National Commission on Innovation and Competitiveness Frontiers.
The commission is a multiyear flagship effort developing the innovation ecosystem of the United States through research ventures, partnerships, public policy and advocacy to address the country's global economic competitiveness.
Crosswhite joins more than 35 leaders including CEOs of major corporations, university presidents, national labor organization leaders and national laboratory directors to develop policy recommendations and private sector actions to bolster America's investments in talent, technology, innovation and infrastructure.
"Alabama Power has focused on innovation from its very beginning. Our predecessors used advanced technology to build dams and an electric network to provide electricity to our state. Technology advancements continue to enable us to better serve our customers today," said Crosswhite. "I'm honored to work alongside the accomplished leaders on the commission to identify opportunities to grow our nation's economy through technology, innovation and entrepreneurship."
Alabama Power Senior Vice President of Employee Services & Labor Relations Jeff Peoples has been named to the commission's advisory committee. Peoples will partner with other national leaders to provide strategic oversight of recommendations to the commission, prioritizing the delivery of measurable and actionable outcomes.
"Addressing the challenges facing innovation in the U.S. and developing a workforce prepared for future jobs is essential for economic growth. This work aligns with Alabama Power's focus on building economic and workforce development partnerships that strengthen communities and elevate Alabama," said Peoples. "The work of the commission is a catalyst for the U.S. to be more competitive internationally."
Founded in 1986, the nonprofit and nonpartisan Council on Competitiveness addresses the rising challenge of international competition. The Council works to bring together diverse groups from the public and private sectors to address broad economic issues like globalization, technology, manufacturing and energy.
The commission is chaired by Dr. Mehmood Khan, CEO, Life Biosciences; Brian Moynihan, chairman and CEO, Bank of America; Dr. Michael Crow, president, Arizona State University; and Lonnie Stephenson, international president, International Brotherhood of Electrical Workers.
About the Council on Competitiveness
For more than three decades, the Council on Competitiveness has championed a competitiveness agenda for the United States to attract investment and talent and spur the commercialization of new ideas. While the players may have changed since its founding in 1986, the mission remains as vital as ever – to enhance U.S. productivity and raise the standard of living for all Americans.
The members of the council − CEOs, university presidents, labor leaders and national lab directors − represent a powerful, nonpartisan voice that sets aside politics and seeks results. By providing real-world perspective to policymakers, the council's private sector network makes an impact on decision-making across a broad spectrum of issues − from the cutting-edge of science and technology to the democratization of innovation to the shift from energy weakness to strength that supports the growing renaissance in U.S. manufacturing. The council firmly believes that with the right policies, the strengths and potential of the U.S. economy far outweigh the current challenges the nation faces on the path to higher growth and greater opportunity for all Americans. Learn more at https://www.compete.org/.
About Alabama Power
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
2/3/2020Georgia Power encourages action during Severe Weather Awareness Week
Source: PR Newswire
ATLANTA, Feb. 3, 2020 /PRNewswire/ -- Georgia Power is encouraging its 2.6 million customers to be severe-weather ready, as the company partners with the Georgia Emergency Management Agency and the National Weather Service for Severe Weather Awareness Week (SWAW), which will take place February 3 – 7. Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips customers can take to help their families become severe-weather ready:
Georgia Power Resources You Can Use
Tips to Help You Prepare for Severe Weather Year-round
Georgia Power constantly monitors changing weather conditions and remains prepared to respond to any service interruptions that might occur because of severe weather. Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information and restoration updates during severe weather.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
2/3/20201/30/2020 - Southern Company earns perfect score in Human Rights Campaign Foundation's 2020 Corporate Equality Index
Southern Company earns perfect score in Human Rights Campaign Foundation's 2020 Corporate Equality Index
Source: PR Newswire
ATLANTA, Jan. 30, 2020 /PRNewswire/ -- Southern Company has earned a 100 percent rating on the Human Rights Campaign Foundation's 2020 Corporate Equality Index (CEI). This is the fourth consecutive year Southern Company has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation.
Southern Company is committed to fostering a welcoming and inclusive environment where employees from different backgrounds and perspectives can realize their full potential. Throughout the organization, Southern Company is dedicated to empowering all employees to contribute, flourish and advance.
"I am honored that Southern Company continues to maintain a 100 percent score under the most stringent criteria to date," said Chris Collier, director of talent acquisition and diversity and inclusion for Southern Company. "This recognition highlights our company's efforts to create a workplace environment where all employees are valued and respected."
The CEI is the national benchmarking survey used to report on corporate policies and practices relating to LGBTQ workplace equality. Using its most rigorous criteria to date, the CEI rating criteria have three key pillars:
Additionally, the CEI noted that employers earning top ratings "took concrete steps to ensure greater equity for LGBTQ workers and their families in the form of comprehensive policies, benefits and practices."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/30/20201/27/2020 - Georgia Power Foundation donates $15 million to Children's Healthcare of Atlanta's North Druid Hills campus
Georgia Power Foundation donates $15 million to Children's Healthcare of Atlanta's North Druid Hills campus
Source: PR Newswire
ATLANTA, Jan. 27, 2020 /PRNewswire/ -- The Georgia Power Foundation has announced a $15 million donation to Children's Healthcare of Atlanta for their North Druid Hills campus, which includes a hospital set to open in 2025. Paul Bowers, Georgia Power Chairman, President and CEO, announced the gift during the 17th annual Hope and Will Ball, one of the largest fundraising events for the healthcare system.
"Georgia Power is proud to support Children's Healthcare of Atlanta's efforts to make a new hospital and expanded campus a reality for all children in Georgia," said Paul Bowers, Georgia Power Chairman, President and CEO. "Our focus has never wavered over the last 135 years and that is to make our communities better, stronger and safer. This hospital will be a critical cornerstone in Children's mission of providing breakthrough pediatric research and best-in-class care for our children."
Located at Interstate 85 and North Druid Hills, the 70-acre campus is the largest healthcare project in Georgia's history. The project includes a pediatric hospital, attached clinic space and more than 20 acres of greenspace and miles of walking trails and paths for patients and families. The Center for Advanced Pediatrics, which opened in July 2018, was the first new structure completed at the campus.
During the Hope and Will Ball, Bowers was also recognized as the honoree for his many contributions to Children's Healthcare of Atlanta through his time on both the Children's System and the Children's Foundation boards. He served as Foundation Chair from 2015 to 2018, during which time he helped grow fundraising for the hospital to an all-time high, laying critical groundwork for the expansion of the North Druid Hills campus. Today, he remains a Children's Trustee and serves on the Board's Governance & Development Committee.
"Paul Bowers has been a tireless advocate of Children's Healthcare of Atlanta serving as Chairman of our Foundation Board and as a member of the System Board," said Donna Hyland, CEO of Children's. "His heart for children and our mission to make kids better today and healthier tomorrow sets an incredible example for all. We are grateful for his time, his philanthropic expertise and his compassion. We were so proud to honor him at the 2020 Hope and Will Ball and we are humbled by Georgia Power's gift of $15 million, which we know will play an important role in inspiring future corporate support for our North Druid Hills project."
To learn more about Georgia Power's commitment to the community, including the company's annual citizenship report, visit GeorgiaPower.com/Community.
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the fourth-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/27/20201/25/2020 - Georgia Power reminds customers to be vigilant, follow simple tips to avoid common scams
Georgia Power reminds customers to be vigilant, follow simple tips to avoid common scams
Source: PR Newswire
ATLANTA, Jan. 25, 2020 /PRNewswire/ -- With a recent increase in reports regarding scams and fraud by criminals posing as Georgia Power employees, the company is reminding customers to be aware and follow simple tips to avoid being a target.
Georgia Power urges customers to be cautious when contacted by an unverified person claiming to be a Georgia Power representative. The company will never ask a customer to provide a credit card or pre-paid debit card number over the phone. Additionally, the company will never send employees into the field to collect payment in person or ask a customer to pay anywhere other than an Authorized Payment Location (APL).
Georgia Power also provides the following guidance to customers:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers.
To learn more about how you can defend yourself against scammers and avoid falling victim to common mistakes, watch the company's latest public service announcements (PSA) on the company's YouTube channel.
Additional information about frequent scams and how the company works to protect customers is available at www.georgiapower.com/scam.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/25/2020Southern Company Named to FORTUNE's 2020 World's Most Admired Companies List
Source: PR Newswire
ATLANTA, Jan. 21, 2020 /PRNewswire/ -- Southern Company has been recognized by FORTUNE magazine on its 2020 World's Most Admired Companies list, a ranking of the world's most respected and reputable companies, based on a survey of almost 3,800 executives, directors and analysts.
"On behalf of the thousands of people making thousands of good decisions every day at Southern Company, we are pleased to receive this distinction from FORTUNE as a leader in our industry and one of the World's Most Admired Companies," said Southern Company chairman, president & CEO Tom Fanning. "At Southern Company, we operate at all times knowing how we do our jobs – the behaviors we exhibit with customers and each other – is just as important as what we do. Our uncompromising values – Safety First, Unquestionable Trust, Superior Performance and Total Commitment – ensure we put the needs of those we serve at the center of everything we do and govern our business for the benefit of all."
Southern Company is privileged to provide the clean, safe, reliable and affordable energy customers depend on to live, work and play. Southern Company has been entrusted with an enormous responsibility and operates its businesses accordingly. For more than a century, the company has been building the future of energy and developing the full portfolio of energy resources required to drive growth and prosperity. Southern Company and its subsidiaries recognize the responsibility that comes with a privilege to develop energy solutions and are steadfast in the commitment to customers, neighbors and communities.
FORTUNE collaborated with management consulting firm Korn Ferry on this survey of corporate reputation. They began with a group of about 1,500 candidates: the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in FORTUNE's Global 500 database that have revenues of $10 billion or more. To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed.
To learn more about FORTUNE's 2020 World's Most Admired Companies list visit:
https://fortune.com/worlds-most-admired-companies/2020/
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/21/20201/21/2020 - Southern Company Gas Subsidiary Chattanooga Gas Ranked No. 1 in Business Customer Satisfaction
Southern Company Gas Subsidiary Chattanooga Gas Ranked No. 1 in Business Customer Satisfaction
Source: PR Newswire
ATLANTA, Jan. 21, 2020 /PRNewswire/ -- Southern Company Gas subsidiary Chattanooga Gas earned the top-ranking score for customer satisfaction in a 2019 survey of the business community rating the 76 largest utilities in the United States. Chattanooga Gas sister companies, Virginia Natural Gas and Nicor Gas, also received high marks, earning all three natural gas providers the title of "Business Customer Champion" from the survey's conductor, analytics firm Escalent.
The Cogent Syndicated Utility Trusted Brand and Customer Engagement Business Study by Escalent measured overall business customer engagement based on three core components: brand trust, product experience and service satisfaction. Three of Southern Company Gas' local distribution companies ranked in the 2019 survey:
"Because we hold ourselves accountable to our customers above all else, we are extremely proud to receive this honor directly from Escalent," said Robert Duvall, senior vice president, customer operations, safety and training at Southern Company Gas. "We will continue to work hard at listening to and learning from our customers to go above and beyond meeting their clean energy needs."
This is the first full year that all eligible Southern Company Gas utilities have participated in this study. Southern Company Gas' fourth utility, Atlanta Gas Light, was ineligible to be included in the study due to its deregulated model.
This is the 21st customer-related award Southern Company Gas has received since 2014.
Earlier in 2019, Chattanooga Gas and Virginia Natural Gas received the Most Trusted Brand award from Escalent. That award is based on the brand trust category only and is measured against six brand trust index components such as local outreach, reputation, customer advocacy, environmental focus, communications effectiveness and brand traits.
"Utilities are doing a great job managing their business customer touchpoints on service, communication and outreach," said Chris Oberle, senior vice president at Escalent. "This performance is providing utilities the ability to influence product demand and adoption of key offerings that will have a positive impact on their bottom lines."
Escalent conducts semiannual surveys with 14,000 business electric, natural gas and combination utility customers who respond to a web-based survey about the 76 largest U.S. utility companies (based on customer counts). Utilities are given equal weight to balance the influence of each utility's customers on survey results.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
1/21/2020Southern Power closes sale of the Mankato Energy Center to Xcel Energy
Source: PR Newswire
ATLANTA, Jan. 18, 2020 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, completed the previously announced sale of the Mankato Energy Center to Xcel Energy for $650 million, subject to customary working capital adjustments.
"Southern Company and Southern Power have the utmost gratitude for those who worked to safely construct the second gas turbine and operate the entire site over the years," said Southern Power President Bill Grantham.
Barclays served as the financial advisor, and Baker Botts served as primary legal counsel to Southern Power for the transaction.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries own 49 facilities operating or under construction in 12 states with more than 10,590 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas and Washington.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Power
Article Date
1/18/20201/17/2020 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, Jan. 17, 2020 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 62 cents per share on the company's common stock, payable Mar. 6, 2020, to shareholders of record as of Feb. 18, 2020. Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/17/20201/13/2020 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., Jan. 13, 2020 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending March 31, 2020, payable April 1, 2020, to shareholders of record on March 17, 2020.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
1/13/2020Power to 112,000 Georgia Power customers restored following Saturday storm
Source: PR Newswire
ATLANTA, Jan. 12, 2020 /PRNewswire/ -- Electric service to over 112,000 Georgia Power customers has been restored following the storm that brought heavy wind and rain through Georgia Saturday night. As of 11:30 a.m. Sunday, approximately 11,000 customers are without power with a majority of the outages concentrated to the Rome, Cartersville, and Carrollton areas. While the company continues to work as quickly and safely as possible, customers in the hardest hit areas should plan ahead for outages that last into Sunday evening, due to the accessibility to damage from the storm and difficult terrain. Crews continue to clear pathways that will enable restoration efforts to continue throughout the day.
While repair work continues, damage assessment following widespread impacts from this storm is still in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. Additional challenges faced following the storm include downed trees and blocked roads that must be cleared.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power, including an additional 400 contract personnel.
Damage Update – As of 11:30 a.m. Sunday
The company encourages customers to keep safety first following severe weather with the following tips:
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/12/2020Georgia Power prepared for severe weather expected over the weekend
Source: PR Newswire
ATLANTA, Jan. 10, 2020 /PRNewswire/ -- With severe weather expected to impact Georgia over the weekend, Georgia Power is advising customers to prepare for the potential of wind, rain and possible tornadoes. The company is monitoring the changing weather conditions and is ready to respond to any service interruptions as quickly and safely as possible.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
For additional video tips on preparing for severe weather, visit GeorgiaPower.com/storm. The site features information on a variety of severe weather topics including Watches vs. Warnings, Staying Connected, Electrical Safety and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/10/2020Georgia Power earns EEI Emergency Recovery Award for restoration efforts following March tornado outbreak
Source: PR Newswire
ATLANTA, Jan. 8, 2020 /PRNewswire/ -- The Edison Electric Institute (EEI) today presented Georgia Power with the association's "Emergency Recovery Award" for its power restoration efforts after 14 tornadoes hit Georgia in March 2019.
The Emergency Recovery Award is given to select EEI member companies to recognize their efforts to restore power to customers after service disruptions caused by severe weather conditions or other natural events. The winners are chosen by a panel of judges following an international nomination process. Georgia Power received the award during EEI's Winter Board and Chief Executives Meeting.
"It is an honor to once again receive EEI's Emergency Recovery Award recognizing Georgia Power's dedication to serving our customers following natural disasters like last year's tornado outbreak," said Paul Bowers, chairman, president and CEO of Georgia Power. "This award recognizes that when storms strike, the men and women from Georgia Power and assisting utilities will work tirelessly to restore power as safely and quickly as possible."
Georgia Power estimates that damage from the March tornado outbreak included:
The EF4 tornado that struck Georgia's Muscogee, Talbot and Harris counties devastated communities and caused significant damage to Georgia Power's system. More than 600 personnel were mobilized as part of the company's restoration effort, including support from other Southern Company operating companies. Responding personnel dedicated over 20,000 hours to the restoration, and service was safely restored to nearly all impacted customers three days after the storm.
"Georgia Power's work to restore service safely and quickly to customers, often in dangerous conditions, makes them deserving of this award," said EEI President Tom Kuhn. "Their efforts exemplify the high standards our industry seeks to uphold, and I applaud their commitment to their customers."
Georgia Power has earned the Emergency Recovery Award eight times including as recently as 2019.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
The Edison Electric Institute (EEI)
EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for more than 220 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 65 international electric companies, with operations in more than 90 countries, as International Members, and hundreds of industry suppliers and related organizations as Associate Members.
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SOURCE Georgia Power
Article Date
1/8/2020Georgia Power earns EEI Emergency Recovery Award for restoration efforts following March tornado outbreak
Source: PR Newswire
ATLANTA, Jan. 8, 2020 /PRNewswire/ -- The Edison Electric Institute (EEI) today presented Georgia Power with the association's "Emergency Recovery Award" for its power restoration efforts after 14 tornadoes hit Georgia in March 2019.
The Emergency Recovery Award is given to select EEI member companies to recognize their efforts to restore power to customers after service disruptions caused by severe weather conditions or other natural events. The winners are chosen by a panel of judges following an international nomination process. Georgia Power received the award during EEI's Winter Board and Chief Executives Meeting.
"It is an honor to once again receive EEI's Emergency Recovery Award recognizing Georgia Power's dedication to serving our customers following natural disasters like last year's tornado outbreak," said Paul Bowers, chairman, president and CEO of Georgia Power. "This award recognizes that when storms strike, the men and women from Georgia Power and assisting utilities will work tirelessly to restore power as safely and quickly as possible."
Georgia Power estimates that damage from the March tornado outbreak included:
The EF4 tornado that struck Georgia's Muscogee, Talbot and Harris counties devastated communities and caused significant damage to Georgia Power's system. More than 600 personnel were mobilized as part of the company's restoration effort, including support from other Southern Company operating companies. Responding personnel dedicated over 20,000 hours to the restoration, and service was safely restored to nearly all impacted customers three days after the storm.
"Georgia Power's work to restore service safely and quickly to customers, often in dangerous conditions, makes them deserving of this award," said EEI President Tom Kuhn. "Their efforts exemplify the high standards our industry seeks to uphold, and I applaud their commitment to their customers."
Georgia Power has earned the Emergency Recovery Award eight times including as recently as 2019.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
The Edison Electric Institute (EEI)
EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for more than 220 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 65 international electric companies, with operations in more than 90 countries, as International Members, and hundreds of industry suppliers and related organizations as Associate Members.
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SOURCE Georgia Power
Article Date
1/8/2020Georgia Power issues Request for Proposals for beneficial-reuse of stored coal ash from closed ash ponds
Source: PR Newswire
ATLANTA, Jan. 8, 2020 /PRNewswire/ -- Georgia Power today announced it is requesting proposals for the beneficial reuse of coal ash stored at active and retired coal-fired power plants across the state. While Georgia Power already recycles more than 75 percent of the dry coal ash it produces from current operations, the company is seeking to identify opportunities for the beneficial reuse of stored coal ash.
"The request for proposals will allow Georgia Power the potential to expand our efforts in the recycling of coal ash, while continuing to permanently and safely close all of our ash ponds around the state," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "Today, most of the coal ash Georgia Power produces is recycled for various beneficial uses, such as Portland cement, concrete and cinder blocks, and we are committed to seeking new beneficial reuse opportunities for the coal ash stored at our active and retired plants across the state."
Coal ash has been demonstrated to provide significant value to certain products, such as concrete, in which it adds strength and durability. Opportunities for beneficial reuse of stored coal ash could help produce millions of tons of Portland Cement, concrete and other products, which would also reduce the need for raw materials otherwise used in production.
Interested bidders should submit their information and get their pre-qualification questionnaire from Georgia Power's Beneficial Reuse Request for Proposals (RFP) coordinator Gary Lee by email at gwlee@southernco.com no later than January 24, 2020. A mandatory informational pre-bid meeting for qualified bidders will be held early this year in Atlanta. This meeting will provide Georgia Power and the bidders with an opportunity to discuss the RFP requirements, including an overview of the plant sites, as well as Georgia Power's expectations for bids.
Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. Georgia Power's ash pond closure plans fully comply with the federal Coal Combustion Residual (CCR) rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the Georgia Environmental Protection Division will approve all actions to ensure ash pond closures are protective of water quality.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to CCR; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; state and federal rate regulations and the impact of pending and future rate cases and negotiations; catastrophic events and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
1/8/202012/16/2019 - Vogtle Unit 3 main control room begins operations
Vogtle Unit 3 main control room begins operations
Source: PR Newswire
ATLANTA, Dec. 16, 2019 /PRNewswire/ -- The main control room for Georgia Power's Vogtle Unit 3 is now in operation and testing plant systems, marking another significant milestone at the Vogtle nuclear expansion near Waynesboro, Georgia. Staffing the main control rooms 24/7 year-round for both units 3 & 4 requires approximately 70 highly-trained nuclear operators.
From the main control room, operators will monitor and control the technology and equipment essential for testing the unit's systems and safely starting the plant.
"Bringing the Unit 3 main control room online is another major step in the project's transition from construction to system operations," said Vogtle 3 & 4 Construction Executive Vice President Glen Chick. "The main control room allows us to conduct systems testing of the unit in preparation for initial start-up."
To begin testing, the main control room has been staffed with highly-trained nuclear operators that have completed multi-year training which culminated with successful completion of the Nuclear Regulatory Commission (NRC) license exam.
During testing, operators will use the main control room to monitor the plant to ensure that systems are operating as designed for the technologically-advanced AP1000 units.
Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia, with more than 8,000 workers currently on site, and more than 800 permanent jobs available once the units begin operating.
Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery and Georgia Power YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power and its subsidiaries to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
12/16/201912/10/2019 - Vogtle Unit 3 shield building roof set
Vogtle Unit 3 shield building roof set
Source: PR Newswire
ATLANTA, Dec. 10, 2019 /PRNewswire/ -- The two-million-pound roof of the Vogtle Unit 3 shield building has been set into place at Georgia Power's nuclear expansion project near Waynesboro, Georgia. The shield building is a unique feature of the AP1000 reactor design for Vogtle 3 & 4, providing an additional layer of safety around the containment vessel and nuclear reactor to protect the structure from any potential impacts.
The shield building roof measures 135 feet in diameter, 37 feet tall and weighs more than two fully-loaded jumbo jets. This placement follows the setting of the Unit 3 containment vessel top from earlier this year.
Click here to view a time-lapse video of the placement.
In addition, another important milestone has been achieved with the completion of the first emergency preparedness drill for the Vogtle 3 & 4 new nuclear units, which includes a comprehensive review of the site's plans to ensure the protection of the public. The emergency preparedness plan specifies the response actions if the site were ever to experience an incident. The first drill helps prepare teams ahead of the Nuclear Regulatory Commission's (NRC) evaluated exercise next year and marks the continued transition from construction toward operations.
Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia, with more than 8,000 workers currently on site, and more than 800 jobs available once the units begin operating.
Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery and Georgia Power YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power and its subsidiaries to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
12/10/2019Georgia Power launches annual Winter Weather Preparedness campaign
Source: PR Newswire
ATLANTA, Dec. 2, 2019 /PRNewswire/ -- Georgia Power encourages its 2.6 million customers to be winter-weather ready, as the company is once again partnering with FEMA, GEMA, GDOT and the National Weather Service for Winter Weather Preparedness Week (WWPW), which will take place Dec. 2 – 6.
The 2019 campaign revolves around an online video series hosted on Georgia Power's YouTube channel. Each day of the week will focus on a different preparedness tip or action that customers can take to help their families become winter-weather ready.
Preparedness Video Schedule
For more information about staying prepared with Georgia Power, visit the company's online storm center at GeorgiaPower.com/storm. For more information about Georgia Emergency Management Agency's preparedness efforts, visit the Ready Georgia website.
Winter Weather Energy Efficiency
In addition to taking safety precautions leading up to severe winter weather, Georgia Power reminds customers that a few easy steps around the house can help them save money and energy during the winter months.
Customers can visit www.GeorgiaPower.com/save for hundreds of easy energy tips, access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses. If customers need assistance paying their bill, Georgia Power is here to help. The company works with customers to coordinate payment arrangements and discounts such as the Senior Citizens Discount and can connect them with community organizations which may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information about bill payment assistance is available at www.GeorgiaPower.com/assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/2/201911/25/2019 - Open Vessel Testing now underway for Vogtle Unit 3
Open Vessel Testing now underway for Vogtle Unit 3
Source: PR Newswire
ATLANTA, Nov. 25, 2019 /PRNewswire/ -- Major systems testing is underway at Georgia Power's Vogtle 3 & 4 nuclear expansion project near Waynesboro, Georgia, as the site continues to transition from construction toward system operations. The latest phase of testing, Open Vessel Testing, will demonstrate how water flows from the key safety systems into the reactor vessel ensuring the paths are not blocked or constricted.
"This is a significant step on our path towards operations," said Glen Chick, Vogtle 3 & 4 Construction Executive Vice President. "Open Vessel Testing will prepare the unit for cold hydro testing and hot functional testing next year – both critical tests required ahead of initial fuel load."
Open Vessel Testing will also confirm that the pumps, motors, valves, pipes and other components of the systems function as designed. It follows the Integrated Flush process, which began in August, to push water through system piping and mechanical components that feed into the Unit 3 reactor vessel and reactor coolant loops for the first time. Integrated Flush will clean and remove any foreign material ahead of the initial startup of the unit.
Significant progress continues at the site with recent milestones completed, including the placement of the final reinforced concrete portion of the Unit 4 shield building. The 148-cubic yard placement took eight hours to complete and, once cured, allows for the placement of the first course of double-decker panels. Also, the upper inner casing for the Unit 3 high-pressure turbine has been placed, signifying the completion of the centerline alignment, which will mean minimal vibration and less stress on the rotors during operations, resulting in more efficient power generation.
Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia, with more than 8,000 workers currently on site, and more than 800 jobs available once the units begin operating.
Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery and Georgia Power YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; delays due to judicial or regulatory action; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power and its subsidiaries to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
11/25/2019Final containment vessel ring placed for Vogtle Unit 4
Source: PR Newswire
ATLANTA, Nov. 22, 2019 /PRNewswire/ -- The final containment vessel ring has been placed for Georgia Power's nuclear expansion project near Waynesboro, Georgia, with the third ring of the Unit 4 containment vessel set today. This marks the sixth and last containment vessel ring to be placed for the Vogtle 3 & 4 project.
Weighing more than a jumbo jet, with a diameter of 130 feet and standing approximately 38 feet high, the ring is a key structural part of the Unit 4 high-integrity steel containment vessel that houses critical plant components, including the reactor vessel.
Significant progress continues at the site with recent milestones completed, including the placement of the final reinforced concrete portion of the Unit 4 shield building. The 148-cubic yard placement took eight hours to complete and, once cured, allows for the placement of the first course of double-decker panels. Also, the upper inner casing for the Unit 3 high-pressure turbine has been placed, signifying the completion of the centerline alignment, which will mean minimal vibration and less stress on the rotors during operations, resulting in more efficient power generation.
Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia, with more than 8,000 workers currently on site, and more than 800 jobs available once the units begin operating.
Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/22/201911/19/2019 - Southern Company Gas provides ways for customers to protect themselves during Utility Scam Awareness Week
Southern Company Gas provides ways for customers to protect themselves during Utility Scam Awareness Week
Source: PR Newswire
ATLANTA, Nov. 19, 2019 /PRNewswire/ -- We hold ourselves accountable to the customers and communities we serve first and foremost. That's why Southern Company Gas is joining more than 130 U.S. and Canadian electric, water and natural gas utilities to protect customers against potential scams.
The Utilities United Against Scams consortium has designated Nov. 17-23 as Utility Scam Awareness Week. The weeklong campaign is designed to expose the tactics scammers use to steal money from customers and provide advice on how they can protect themselves.
Although there are several scam tactics, one of the most common involves unsolicited phone calls to customers by an individual who falsely claims to be a company representative. The scammer warns that the utility will disconnect the customer's natural gas service if a payment is not made within a short timeframe.
Other common tactics Utilities United Against Scams warns against:
Customers who suspect or experience fraud or feel threatened during contact with an individual posing as a company representative, should contact local authorities, and then the customer care center phone number listed on their local utility bill.
Follow Southern Company Gas on social media @SouthernCoGas and join in the conversation #StopScams.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
11/19/201911/14/2019 - Georgia Power provides ways for customers to protect themselves on National Utility Scam Awareness Day
Georgia Power provides ways for customers to protect themselves on National Utility Scam Awareness Day
Source: PR Newswire
ATLANTA, Nov. 14, 2019 /PRNewswire/ -- Today is National Utility Scam Awareness Day, and Georgia Power is joining other electrical, water and natural gas utilities across the country to share simple tips to help customers avoid common scams.
Georgia Power urges customers to be cautious when contacted by an unverified person claiming to be a Georgia Power representative. The company will never ask a customer to provide a credit card or pre-paid debit card number over the phone. Additionally, the company will never send employees into the field to collect payment in person or ask a customer to pay anywhere other than an Authorized Payment Location (APL).
Georgia Power also provides the following guidance to customers:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers.
To learn more about how you can defend yourself against scammers and avoid falling victim to common mistakes, watch the company's latest public service announcements (PSA) on the company's YouTube channel.
Additional information about frequent scams and how the company works to protect customers is available at www.georgiapower.com/scam.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-provides-ways-for-customers-to-protect-themselves-on-national-utility-scam-awareness-day-300958481.html
SOURCE Georgia Power
Article Date
11/14/2019Georgia Power ranked #1 in Segment by J.D. Power for Business Customer Satisfaction
Source: PR Newswire
ATLANTA, Nov. 13, 2019 /PRNewswire/ -- For the second year in a row, Georgia Power has been ranked number one for business customer satisfaction among Large Utilities in the South by J.D. Power in its 2019 Electric Utility Business Customer Satisfaction StudySM. Georgia Power achieved the highest score in its segment this year based on multiple factors, including power quality & reliability, corporate citizenship, price, billing and payment services and communications.
"Every day our employees are focused on delivering world-class service to our customers across the state," said Kevin Kastner, vice president of customer service for Georgia Power. "We understand that to help Georgia businesses grow and thrive, we must continue evolving our products and services by offering innovative solutions to meet their changing needs. This recognition by J.D. Power is a testament to the hard work of our team and our commitment to putting customers first in all that we do."
Georgia Power was ranked among other utilities in the South that serve more than 85,000 business customers. The J.D. Power study, now in its 21st year, is based on responses from more than 21,500 online interviews with business customers who spend at least $200 a month on electricity. The study was conducted from February through June 2019 and July through October 2019. Click here to read about this year's study.
Earlier this year, residential customers ranked Georgia Power number one for satisfaction among Large Utilities in the South by J.D. Power in its 2019 Electric Utility Residential Customer Satisfaction StudySM, which marked the third year in a row the company received this distinction.
Georgia Power's focus on providing excellent customer service includes online and social media customer service choices; customizable rate plans and payment options; and access to free customer tools and resources, such as My Power Usage and Outage Alerts. The company also makes it easy for customers to find ways to save money and energy at GeorgiaPower.com/Save and shop for the latest energy-saving products on Georgia Power Marketplace. To learn more, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/13/2019Georgia Power presents fourth annual Preston Arkwright Award for service
Source: PR Newswire
ATLANTA, Nov. 12, 2019 /PRNewswire/ -- Georgia Power has announced the recipient of the fourth annual Preston Arkwright Award for service – Ann Marie Herrera, project manager at the Customer Care Center.
The company created the award to spotlight and recognize the exceptional commitment to service demonstrated by thousands of employees working every day in communities across the state. Angela Gillis, an IT security analyst with the company was also selected as a runner up for the award during a special ceremony held at the annual Citizens of Georgia Power statewide meeting on Saturday. The Citizens of Georgia Power is the company's statewide, employee-driven community service organization.
"Enriching our neighborhoods and improving the lives of those around us is a passion shared by all Georgia Power employees – not just today, but since the very beginning of our company," said Paul Bowers, chairman, president and CEO of Georgia Power. "As our employees continue to fulfill our purpose to be a citizen wherever we serve, I am proud of Ann Marie and Angela's dedication to their communities and recognize the impact they have made for so many."
Herrera has worked for Georgia Power for more than 18 years and has served her community for more than two decades. As the former president of the Citizens of Georgia Power – Jefferson Street chapter in Atlanta, Herrera led projects to feed the homeless population in the city and works with special needs students at Our World School in McDonough. She currently serves on the school's board as well as the Board of Directors for Leadership Henry and Georgia Power's Club of Hearts.
The Preston Arkwright Award was created in honor of the company's first president who coined the phrase "A Citizen Wherever We Serve" more than 100 years ago. Employees were nominated by their colleagues for the award, with finalists selected by a panel and winners chosen by employee voting. As part of the award, Herrera will receive a $5,000 donation to a nonprofit of her choice. Gillis will receive a $1,500 donation to a nonprofit of her choice.
For more than 130 years, Georgia Power has been dedicated to giving back to Georgia communities. Last year alone, nearly 6,000 Georgia Power employees and retirees donated their time to help their neighbors and improve the quality of life in their communities by completing more than 147,000 volunteer hours.
To learn more about Georgia Power's commitment to communities across the state, visit www.GeorgiaPower.com/Community. To keep up with Georgia Power's active volunteer and giving efforts every day, follow the company on Twitter @GeorgiaPower and #GaPowerfulService and #WeHelpBecauseItsHome.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-presents-fourth-annual-preston-arkwright-award-for-service-300956599.html
SOURCE Georgia Power
Article Date
11/12/201910/30/2019 - Southern Company reports third-quarter 2019 earnings
Southern Company reports third-quarter 2019 earnings
Source: PR Newswire
ATLANTA, Oct. 30, 2019 /PRNewswire/ -- Southern Company today reported third-quarter 2019 earnings of $1.32 billion, or $1.26 per share, compared with $1.16 billion, or $1.14 per share, in the third quarter of 2018. For the nine months ended September 30, 2019, Southern Company reported earnings of $4.30 billion, or $4.12 per share, compared with earnings of $1.95 billion, or $1.92 per share, for the same period in 2018.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $1.40 billion, or $1.34 per share, during the third quarter of 2019, compared with $1.16 billion, or $1.14 per share, during the third quarter of 2018. For the nine months ended September 30, 2019, excluding these items, Southern Company earned $2.97 billion, or $2.84 per share, compared with earnings of $2.87 billion, or $2.83 per share, for the same period in 2018.
Non-GAAP Financial Measures | Three Months Ended September | Year-to-Date September | |||
Net Income - Excluding Items (in millions) | 2019 | 2018 | 2019 | 2018 | |
Net Income - As Reported | $1,316 | $1,164 | $4,298 | $1,948 | |
Acquisition, Disposition, and Integration Impacts | 5 | (326) | (2,477) | (93) | |
Tax Impact | 7 | 306 | 1,130 | 305 | |
Estimated Loss on Plants Under Construction | 3 | 2 | 16 | 1,108 | |
Tax Impact | (1) | (1) | (4) | (282) | |
Wholesale Gas Services | 14 | 24 | (79)
| (83) | |
Tax Impact | (5) | (6) | 18 | 18 | |
Asset Impairment | 92 | - | 92 | - | |
Tax Impact | (27) | - | (27) | - | |
Litigation Settlement | - | - | - | (24) | |
Tax Impact | - | - | - | 6 | |
Earnings Guidance Comparability Items: | |||||
Adoption of Tax Reform | - | - | - | (31) | |
Net Income – Excluding Items | $1,404 | $1,163 | $2,967 | $2,872 | |
Average Shares Outstanding – (in millions) | 1,048 | 1,023 | 1,043 | 1,016 | |
Basic Earnings Per Share – Excluding Items | $1.34 | $1.14 | $2.84 | $2.83 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the third quarter 2019 were positively influenced by higher revenues associated with changes in rates and pricing, net of usage changes, as well as warmer than normal weather at Southern Company's regulated utilities. These impacts were partially offset by the impact of divested entities on earnings.
"We continue to be pleased with our operational performance through the first three quarters of 2019, as our premier, state-regulated electric and gas franchises provided reliable energy to customers despite the challenge of record-breaking temperatures in our service footprint" said Chairman, President and CEO Thomas A. Fanning. "Our electrical system demonstrated great resilience during these conditions with strong generation availability and record year-to-date transmission performance, resulting in exceptional reliability for customers. Even amid these peak loads, a diverse fuel mix enabled the Southern Company system to reduce carbon emissions by 35% compared to the strongest demand of 2007 – our benchmark year for carbon emissions."
Third quarter 2019 operating revenues were $6.0 billion, compared with $6.2 billion for the third quarter of 2018, a decrease of 2.7 percent. For the nine months ended September 30, 2019, operating revenues were $16.5 billion, compared with $18.2 billion for the corresponding period in 2018, a decrease of 9.1 percent. These decreases reflect the sales of Gulf Power and other assets that are no longer affiliated with Southern Company.
Southern Company's third quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 8 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Southern Company | ||||||||||||||||
Financial Highlights | ||||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||
Net Income–As Reported (See Notes) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
Traditional Electric Operating Companies | $ | 1,373 | $ | 1,148 | $ | 2,719 | $ | 1,711 | ||||||||
Southern Power | 86 | 92 | 316 | 235 | ||||||||||||
Southern Company Gas | (29) | 46 | 347 | 294 | ||||||||||||
Total | 1,430 | 1,286 | 3,382 | 2,240 | ||||||||||||
Parent Company and Other | (114) | (122) | 916 | (292) | ||||||||||||
Net Income–As Reported | $ | 1,316 | $ | 1,164 | $ | 4,298 | $ | 1,948 | ||||||||
Basic Earnings Per Share1 | $ | 1.26 | $ | 1.14 | $ | 4.12 | $ | 1.92 | ||||||||
Average Shares Outstanding (in millions) | 1,048 | 1,023 | 1,043 | 1,016 | ||||||||||||
End of Period Shares Outstanding (in millions) | 1,049 | 1,029 | ||||||||||||||
Non-GAAP Financial Measures | Three Months Ended | Year-to-Date | ||||||||||||||
Net Income–Excluding Items (See Notes) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
Net Income–As Reported | $ | 1,316 | $ | 1,164 | $ | 4,298 | $ | 1,948 | ||||||||
Acquisition, Disposition, and Integration Impacts2 | 5 | (326) | (2,477) | (93) | ||||||||||||
Tax Impact | 7 | 306 | 1,130 | 305 | ||||||||||||
Estimated Loss on Plants Under Construction3 | 3 | 2 | 16 | 1,108 | ||||||||||||
Tax Impact | (1) | (1) | (4) | (282) | ||||||||||||
Wholesale Gas Services4 | 14 | 24 | (79) | (83) | ||||||||||||
Tax Impact | (5) | (6) | 18 | 18 | ||||||||||||
Asset Impairment5 | 92 | — | 92 | — | ||||||||||||
Tax Impact | (27) | — | (27) | — | ||||||||||||
Litigation Settlement6 | — | — | — | (24) | ||||||||||||
Tax Impact | — | — | — | 6 | ||||||||||||
Earnings Guidance Comparability Items: | ||||||||||||||||
Adoption of Tax Reform7 | — | — | — | (31) | ||||||||||||
Net Income–Excluding Items | $ | 1,404 | $ | 1,163 | $ | 2,967 | $ | 2,872 | ||||||||
Basic Earnings Per Share–Excluding Items | $ | 1.34 | $ | 1.14 | $ | 2.84 | $ | 2.83 | ||||||||
-See Notes on the following page. | ||||||||||||||||
Southern Company | |||||||||
Financial Highlights | |||||||||
Notes | |||||||||
(1) | For the three and nine months ended September 30, 2019 and 2018, dilutive impacts are immaterial ($0.03 or less per share). Diluted earnings per share was $1.25 and $4.09 in the third quarter and year-to-date 2019, respectively, and $1.13 and $1.91 in the third quarter and year-to-date 2018, respectively. | ||||||||
(2) | Earnings for the three months ended September 30, 2019 include an $18 million pre-tax and after-tax impairment charge in contemplation of the sale of PowerSecure Inc.'s lighting services business, partially offset by $13 million pre tax ($6 million after tax) of other acquisition, disposition, and integration impacts. Earnings for the nine months ended September 30, 2019 include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company, a $23 million pre-tax ($88 million after tax) gain on the sale of Southern Power Company's Plant Nacogdoches, and $17 million pre tax ($7 million after tax) of other acquisition, disposition, and integration impacts, partially offset by pre-tax and after-tax impairment charges totaling $50 million related to the sale and contemplated sale of PowerSecure Inc.'s utility infrastructure services and lighting businesses, respectively. Earnings for the three months ended September 30, 2018 primarily include: (i) a combined $351 million pre-tax ($38 million after tax) gain on the sales of Elizabethtown Gas, Elkton Gas, and Florida City Gas and (ii) $25 million pre tax ($18 million after tax) of other acquisition, disposition, and integration costs. Earnings for the nine months ended September 30, 2018 primarily include: (i) a net combined $317 million pre-tax gain ($35 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions; (ii) a $42 million (pre tax and after tax) goodwill impairment charge associated with the Pivotal Home Solutions transaction; (iii) a $119 million pre-tax ($89 million after tax) impairment charge associated with the sales of Plants Stanton and Oleander; and (iv) $63 million pre tax ($46 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sale of Gulf Power Company, as well as the pending sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||
(3) | Earnings for the three and nine months ended September 30, 2019 and 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the nine months ended September 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. Additional pre-tax closure costs, including mine reclamation, of up to $20 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | ||||||||
(4) | Earnings for the three and nine months ended September 30, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
(5) | Earnings for the three and nine months ended September 30, 2019 include a pre-tax impairment charge of $92 million ($65 million after tax) associated with Southern Company Gas' natural gas storage facility in Louisiana. Further charges associated with this facility are not expected. Southern Company Gas has two other natural gas storage facilities with a combined net book value of $328 million at September 30, 2019. These facilities could be impacted by ongoing U.S. natural gas storage market changes that may imply impacts to future rates and/or asset values, and, if sustained, could trigger impairment. | ||||||||
(6) | Earnings for the nine months ended September 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||
(7) | Earnings for the nine months ended September 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. | ||||||||
Southern Company | ||||||||||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | |||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
As Reported1 (See Notes) | $ | 1.26 | $ | 1.14 | $ | 0.12 | $ | 4.12 | $ | 1.92 | $ | 2.20 | ||||||||||||
Significant Factors: | ||||||||||||||||||||||||
Traditional Electric Operating Companies | $ | 0.22 | $ | 0.99 | ||||||||||||||||||||
Southern Power | (0.01) | 0.08 | ||||||||||||||||||||||
Southern Company Gas | (0.07) | 0.05 | ||||||||||||||||||||||
Parent Company and Other | 0.01 | 1.19 | ||||||||||||||||||||||
Increase in Shares | (0.03) | (0.11) | ||||||||||||||||||||||
Total–As Reported | $ | 0.12 | $ | 2.20 | ||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
Non-GAAP Financial Measures | 2019 | 2018 | Change | 2019 | 2018 | Change | ||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
Excluding Items (See Notes) | $ | 1.34 | $ | 1.14 | $ | 0.20 | $ | 2.84 | $ | 2.83 | $ | 0.01 | ||||||||||||
Total–As Reported | $ | 0.12 | $ | 2.20 | ||||||||||||||||||||
Acquisition, Disposition, and Integration Impacts2 | 0.03 | (1.50) | ||||||||||||||||||||||
Estimated Loss on Plants Under Construction3 | — | (0.80) | ||||||||||||||||||||||
Wholesale Gas Services4 | (0.01) | — | ||||||||||||||||||||||
Asset Impairment5 | 0.06 | 0.06 | ||||||||||||||||||||||
Litigation Settlement6 | — | 0.02 | ||||||||||||||||||||||
Adoption of Tax Reform7 | — | 0.03 | ||||||||||||||||||||||
Total–Excluding Items | $ | 0.20 | $ | 0.01 | ||||||||||||||||||||
- See Notes on the following page. | ||||||||||||||||||||||||
Southern Company | |||||||||||||
Significant Factors Impacting EPS | |||||||||||||
Notes | |||||||||||||
(1) | For the three and nine months ended September 30, 2019 and 2018, dilutive impacts are immaterial ($0.03 or less per share). Diluted earnings per share was $1.25 and $4.09 in the third quarter and year-to-date 2019, respectively, and $1.13 and $1.91 in the third quarter and year-to-date 2018, respectively. | ||||||||||||
(2) | Earnings for the three months ended September 30, 2019 include an $18 million pre-tax and after-tax impairment charge in contemplation of the sale of PowerSecure Inc.'s lighting services business, partially offset by $13 million pre tax ($6 million after tax) of other acquisition, disposition, and integration impacts. Earnings for the nine months ended September 30, 2019 include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company, a $23 million pre-tax ($88 million after tax) gain on the sale of Southern Power Company's Plant Nacogdoches, and $17 million pre tax ($7 million after tax) of other acquisition, disposition, and integration impacts, partially offset by pre-tax and after-tax impairment charges totaling $50 million related to the sale and contemplated sale of PowerSecure Inc.'s utility infrastructure services and lighting businesses, respectively. Earnings for the three months ended September 30, 2018 primarily include: (i) a combined $351 million pre-tax ($38 million after tax) gain on the sales of Elizabethtown Gas, Elkton Gas, and Florida City Gas and (ii) $25 million pre tax ($18 million after tax) of other acquisition, disposition, and integration costs. Earnings for the nine months ended September 30, 2018 primarily include: (i) a net combined $317 million pre-tax gain ($35 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions; (ii) a $42 million (pre tax and after tax) goodwill impairment charge associated with the Pivotal Home Solutions transaction; (iii) a $119 million pre-tax ($89 million after tax) impairment charge associated with the sales of Plants Stanton and Oleander; and (iv) $63 million pre tax ($46 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sale of Gulf Power Company, as well as the pending sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||||||
(3) | Earnings for the three and nine months ended September 30, 2019 and 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the nine months ended September 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. Additional pre-tax closure costs, including mine reclamation, of up to $20 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | ||||||||||||
(4) | Earnings for the three and nine months ended September 30, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||
(5) | Earnings for the three and nine months ended September 30, 2019 include a pre-tax impairment charge of $92 million ($65 million after tax) associated with Southern Company Gas' natural gas storage facility in Louisiana. Further charges associated with this facility are not expected. Southern Company Gas has two other natural gas storage facilities with a combined net book value of $328 million at September 30, 2019. These facilities could be impacted by ongoing U.S. natural gas storage market changes that may imply impacts to future rates and/or asset values, and, if sustained, could trigger impairment. | ||||||||||||
(6) | Earnings for the nine months ended September 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||||||
(7) | Earnings for the nine months ended September 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. | ||||||||||||
Southern Company | |||||||||||||
EPS Earnings Analysis | |||||||||||||
Description | Three Months Ended | Year-to-Date September | |||||||||||
Retail Sales | $(0.05) | $(0.10) | |||||||||||
Retail Revenue Impacts | 0.18 | 0.33 | |||||||||||
Weather | 0.09 | 0.05 | |||||||||||
Wholesale and Other Operating Revenues | 0.02 | 0.05 | |||||||||||
Non-Fuel O&M | — | (0.03) | |||||||||||
Interest Expense, Depreciation and Amortization, Other | (0.02) | (0.02) | |||||||||||
Income Taxes | 0.06 | 0.09 | |||||||||||
Gulf Power Earnings | (0.06) | (0.14) | |||||||||||
Total Traditional Electric Operating Companies | $0.22 | $0.23 | |||||||||||
Southern Power | (0.01) | (0.10) | |||||||||||
Southern Company Gas | 0.01 | 0.01 | |||||||||||
Parent and Other | 0.01 | (0.05) | |||||||||||
Increase in Shares | (0.03) | (0.08) | |||||||||||
Total Change in EPS (Excluding Items) | $0.20 | $0.01 | |||||||||||
Acquisition, Disposition, and Integration Impacts1 | (0.03) | 1.50 | |||||||||||
Estimated Loss on Plants Under Construction2 | — | 0.80 | |||||||||||
Wholesale Gas Services3 | 0.01 | — | |||||||||||
Asset Impairment4 | (0.06) | (0.06) | |||||||||||
Litigation Settlement5 | — | (0.02) | |||||||||||
Adoption of Tax Reform6 | — | (0.03) | |||||||||||
Total Change in EPS (As Reported) | $0.12 | $2.20 | |||||||||||
- See Notes on the following page. | |||||||||||||
Southern Company | ||||||||
EPS Earnings Analysis | ||||||||
Three and Nine Months Ended September 2019 vs. September 2018 | ||||||||
Notes | ||||||||
(1) | Earnings for the three months ended September 30, 2019 include an $18 million pre-tax and after-tax impairment charge in contemplation of the sale of PowerSecure Inc.'s lighting services business, partially offset by $13 million pre tax ($6 million after tax) of other acquisition, disposition, and integration impacts. Earnings for the nine months ended September 30, 2019 include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company, a $23 million pre-tax ($88 million after tax) gain on the sale of Southern Power Company's Plant Nacogdoches, and $17 million pre tax ($7 million after tax) of other acquisition, disposition, and integration impacts, partially offset by pre-tax and after-tax impairment charges totaling $50 million related to the sale and contemplated sale of PowerSecure Inc.'s utility infrastructure services and lighting businesses, respectively. Earnings for the three months ended September 30, 2018 primarily include: (i) a combined $351 million pre-tax ($38 million after tax) gain on the sales of Elizabethtown Gas, Elkton Gas, and Florida City Gas and (ii) $25 million pre tax ($18 million after tax) of other acquisition, disposition, and integration costs. Earnings for the nine months ended September 30, 2018 primarily include: (i) a net combined $317 million pre-tax gain ($35 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions; (ii) a $42 million (pre tax and after tax) goodwill impairment charge associated with the Pivotal Home Solutions transaction; (iii) a $119 million pre-tax ($89 million after tax) impairment charge associated with the sales of Plants Stanton and Oleander; and (iv) $63 million pre tax ($46 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sale of Gulf Power Company, as well as the pending sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | |||||||
(2) | Earnings for the three and nine months ended September 30, 2019 and 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the nine months ended September 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. Additional pre-tax closure costs, including mine reclamation, of up to $20 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | |||||||
(3) | Earnings for the three and nine months ended September 30, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |||||||
(4) | Earnings for the three and nine months ended September 30, 2019 include a pre-tax impairment charge of $92 million ($65 million after tax) associated with Southern Company Gas' natural gas storage facility in Louisiana. Further charges associated with this facility are not expected. Southern Company Gas has two other natural gas storage facilities with a combined net book value of $328 million at September 30, 2019. These facilities could be impacted by ongoing U.S. natural gas storage market changes that may imply impacts to future rates and/or asset values, and, if sustained, could trigger impairment. | |||||||
(5) | Earnings for the nine months ended September 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | |||||||
(6) | Earnings for the nine months ended September 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. | |||||||
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||
Consolidated Earnings | |||||||||||||||||||||||||||||||||||||||||||||
As Reported | |||||||||||||||||||||||||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | ||||||||||||||||||||||||||||||||||||||||
Income Account- | |||||||||||||||||||||||||||||||||||||||||||||
Retail Electric Revenues- | |||||||||||||||||||||||||||||||||||||||||||||
Fuel | $ | 1,083 | $ | 1,222 | $ | (139) | $ | 2,807 | $ | 3,271 | $ | (464) | |||||||||||||||||||||||||||||||||
Non-Fuel | 3,429 | 3,383 | 46 | 8,329 | 8,642 | (313) | |||||||||||||||||||||||||||||||||||||||
Wholesale Electric Revenues | 625 | 698 | (73) | 1,667 | 1,937 | (270) | |||||||||||||||||||||||||||||||||||||||
Other Electric Revenues | 163 | 165 | (2) | 492 | 495 | (3) | |||||||||||||||||||||||||||||||||||||||
Natural Gas Revenues | 498 | 492 | 6 | 2,661 | 2,806 | (145) | |||||||||||||||||||||||||||||||||||||||
Other Revenues | 197 | 199 | (2) | 549 | 1,007 | (458) | |||||||||||||||||||||||||||||||||||||||
Total Revenues | 5,995 | 6,159 | (164) | 16,505 | 18,158 | (1,653) | |||||||||||||||||||||||||||||||||||||||
Fuel and Purchased Power | 1,326 | 1,567 | (241) | 3,461 | 4,274 | (813) | |||||||||||||||||||||||||||||||||||||||
Cost of Natural Gas | 79 | 104 | (25) | 956 | 1,053 | (97) | |||||||||||||||||||||||||||||||||||||||
Cost of Other Sales | 114 | 120 | (6) | 316 | 688 | (372) | |||||||||||||||||||||||||||||||||||||||
Non-Fuel O & M | 1,292 | 1,404 | (112) | 3,888 | 4,217 | (329) | |||||||||||||||||||||||||||||||||||||||
Depreciation and Amortization | 760 | 787 | (27) | 2,267 | 2,338 | (71) | |||||||||||||||||||||||||||||||||||||||
Taxes Other Than Income Taxes | 303 | 319 | (16) | 931 | 990 | (59) | |||||||||||||||||||||||||||||||||||||||
Estimated Loss on Plants Under Construction | 4 | 1 | 3 | 10 | 1,105 | (1,095) | |||||||||||||||||||||||||||||||||||||||
Impairment Charges | 110 | 36 | 74 | 142 | 197 | (55) | |||||||||||||||||||||||||||||||||||||||
(Gain) Loss on Dispositions, net | (6) | (353) | 347 | (2,512) | (317) | (2,195) | |||||||||||||||||||||||||||||||||||||||
Total Operating Expenses | 3,982 | 3,985 | (3) | 9,459 | 14,545 | (5,086) | |||||||||||||||||||||||||||||||||||||||
Operating Income | 2,013 | 2,174 | (161) | 7,046 | 3,613 | 3,433 | |||||||||||||||||||||||||||||||||||||||
Allowance for Equity Funds Used During Construction | 33 | 36 | (3) | 96 | 99 | (3) | |||||||||||||||||||||||||||||||||||||||
Earnings from Equity Method Investments | 39 | 36 | 3 | 120 | 108 | 12 | |||||||||||||||||||||||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 434 | 458 | (24) | 1,294 | 1,386 | (92) | |||||||||||||||||||||||||||||||||||||||
Other Income (Expense), net | 61 | 57 | 4 | 239 | 195 | 44 | |||||||||||||||||||||||||||||||||||||||
Income Taxes | 367 | 623 | (256) | 1,872 | 598 | 1,274 | |||||||||||||||||||||||||||||||||||||||
Net Income | 1,345 | 1,222 | 123 | 4,335 | 2,031 | 2,304 | |||||||||||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||||||||||||||
Dividends on Preferred Stock of Subsidiaries | 4 | 4 | — | 11 | 12 | (1) | |||||||||||||||||||||||||||||||||||||||
Net Income Attributable to Noncontrolling Interests | 25 | 54 | (29) | 26 | 71 | (45) | |||||||||||||||||||||||||||||||||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 1,316 | $ | 1,164 | $ | 152 | $ | 4,298 | $ | 1,948 | $ | 2,350 | |||||||||||||||||||||||||||||||||
Notes | |||||||||||||||||||||||||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||||||||||||||||||||||||||||||||||||
Southern Company | |||||||||||||||||||||
Kilowatt-Hour Sales | |||||||||||||||||||||
(In Millions of KWHs) | |||||||||||||||||||||
Three Months Ended September | |||||||||||||||||||||
As Reported | Adjusted1 | ||||||||||||||||||||
2019 | 2018 | Change | Weather | 2018 | Change | Weather | |||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||
Total Sales | 56,703 | 59,501 | (4.7) | % | 55,898 | 1.4 | % | ||||||||||||||
Total Retail Sales- | 43,090 | 46,195 | (6.7) | % | (9.6) | % | 42,789 | 0.7 | % | (2.4) | % | ||||||||||
Residential | 15,368 | 16,458 | (6.6) | % | (12.4) | % | 14,717 | 4.4 | % | (1.9) | % | ||||||||||
Commercial | 14,404 | 15,445 | (6.7) | % | (9.4) | % | 14,298 | 0.7 | % | (2.1) | % | ||||||||||
Industrial | 13,133 | 14,097 | (6.8) | % | (6.8) | % | 13,585 | (3.3) | % | (3.3) | % | ||||||||||
Other | 185 | 195 | (5.4) | % | (5.7) | % | 189 | (2.2) | % | (2.4) | % | ||||||||||
Total Wholesale Sales | 13,613 | 13,306 | 2.3 | % | N/A | 13,109 | 3.8 | % | N/A | ||||||||||||
Year-to-Date September | |||||||||||||||||||||
As Reported | Adjusted1 | ||||||||||||||||||||
2019 | 2018 | Change | Weather | 2018 | Change | Weather | |||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||
Total Sales | 150,303 | 162,605 | (7.6) | % | 153,409 | (2.0) | % | ||||||||||||||
Total Retail Sales- | 114,207 | 124,209 | (8.1) | % | (8.5) | % | 115,520 | (1.1) | % | (1.7) | % | ||||||||||
Residential | 37,790 | 42,115 | (10.3) | % | (11.0) | % | 37,789 | — | % | (0.9) | % | ||||||||||
Commercial | 37,776 | 41,105 | (8.1) | % | (8.8) | % | 38,112 | (0.9) | % | (1.7) | % | ||||||||||
Industrial | 38,084 | 40,392 | (5.7) | % | (5.7) | % | 39,043 | (2.5) | % | (2.5) | % | ||||||||||
Other | 557 | 597 | (6.7) | % | (6.6) | % | 576 | (3.3) | % | (3.2) | % | ||||||||||
Total Wholesale Sales | 36,096 | 38,396 | (6.0) | % | N/A | 37,889 | (4.7) | % | N/A | ||||||||||||
Notes | |||||||||||||||||||||
(1) Kilowatt-hour sales comparisons to the prior year were significantly impacted by the disposition of Gulf Power | |||||||||||||||||||||
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||
Customers | |||||||||||||||||||||||||||||||||||||||||||||
(In Thousands of Customers) | |||||||||||||||||||||||||||||||||||||||||||||
Period Ended September | |||||||||||||||||||||||||||||||||||||||||||||
2019 | 2018 | Change | |||||||||||||||||||||||||||||||||||||||||||
Regulated Utility Customers- | |||||||||||||||||||||||||||||||||||||||||||||
Total Utility Customers- | 8,462 | 8,856 | (4.4)% | ||||||||||||||||||||||||||||||||||||||||||
Total Traditional Electric1 | 4,254 | 4,679 | (9.1)% | ||||||||||||||||||||||||||||||||||||||||||
Southern Company Gas | 4,208 | 4,177 | 0.7% | ||||||||||||||||||||||||||||||||||||||||||
Notes | |||||||||||||||||||||||||||||||||||||||||||||
(1) Includes approximately 467,000 customers at September 30, 2018 related to Gulf Power Company, which was | |||||||||||||||||||||||||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||
Financial Overview | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
2019 | 2018 | % Change | 2019 | 2018 | % Change | ||||||||||||||||||
Southern Company1 – | |||||||||||||||||||||||
Operating Revenues | $ | 5,995 | $ | 6,159 | (2.7) | % | $ | 16,505 | $ | 18,158 | (9.1) | % | |||||||||||
Earnings Before Income Taxes | 1,712 | 1,845 | (7.2) | % | 6,207 | 2,629 | 136.1 | % | |||||||||||||||
Net Income Available to Common | 1,316 | 1,164 | 13.1 | % | 4,298 | 1,948 | 120.6 | % | |||||||||||||||
Alabama Power – | |||||||||||||||||||||||
Operating Revenues | $ | 1,841 | $ | 1,740 | 5.8 | % | $ | 4,762 | $ | 4,716 | 1.0 | % | |||||||||||
Earnings Before Income Taxes | 617 | 504 | 22.4 | % | 1,288 | 1,140 | 13.0 | % | |||||||||||||||
Net Income Available to Common | 469 | 373 | 25.7 | % | 982 | 857 | 14.6 | % | |||||||||||||||
Georgia Power – | |||||||||||||||||||||||
Operating Revenues | $ | 2,755 | $ | 2,593 | 6.2 | % | $ | 6,706 | $ | 6,601 | 1.6 | % | |||||||||||
Earnings Before Income Taxes | 1,094 | 926 | 18.1 | % | 2,064 | 833 | 147.8 | % | |||||||||||||||
Net Income Available to Common | 839 | 664 | 26.4 | % | 1,598 | 621 | 157.3 | % | |||||||||||||||
Mississippi Power – | |||||||||||||||||||||||
Operating Revenues | $ | 370 | $ | 358 | 3.4 | % | $ | 970 | $ | 956 | 1.5 | % | |||||||||||
Earnings Before Income Taxes | 80 | 61 | 31.1 | % | 166 | 110 | 50.9 | % | |||||||||||||||
Net Income Available to Common | 65 | 47 | 38.3 | % | 139 | 86 | 61.6 | % | |||||||||||||||
Southern Power1 – | |||||||||||||||||||||||
Operating Revenues | $ | 574 | $ | 635 | (9.6) | % | $ | 1,527 | $ | 1,699 | (10.1) | % | |||||||||||
Earnings Before Income Taxes | 130 | 108 | 20.4 | % | 301 | 96 | 213.5 | % | |||||||||||||||
Net Income Available to Common | 86 | 92 | (6.5) | % | 316 | 235 | 34.5 | % | |||||||||||||||
Southern Company Gas1 – | |||||||||||||||||||||||
Operating Revenues | $ | 498 | $ | 492 | 1.2 | % | $ | 2,661 | $ | 2,861 | (7.0) | % | |||||||||||
Earnings (Loss) Before Income Taxes | (51) | 362 | (114.1) | % | 408 | 769 | (46.9) | % | |||||||||||||||
Net Income (Loss) Available to Common | (29) | 46 | (163.0) | % | 347 | 294 | 18.0 | % | |||||||||||||||
Notes | |||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||||||||||||||
(1) | Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company's ownership interest in (a) Plants Oleander and Stanton on December 4, 2018 and (b) Plant Nacogdoches on June 13, 2019; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) Southern Company's disposition of Gulf Power Company on January 1, 2019. | ||||||||||||||||||||||
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SOURCE Southern Company
Article Date
10/30/201910/28/2019 - Southern Power Acquires Skookumchuck Wind Facility
Southern Power Acquires Skookumchuck Wind Facility
Source: PR Newswire
ATLANTA, Oct. 28, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its 12th wind project — the 136-megawatt (MW) Skookumchuck Wind Facility — from RES (Renewable Energy Systems).
"This project is a great addition to our renewable portfolio," said Southern Power President Bill Grantham. "We continue to strive to develop clean, safe, reliable and affordable wholesale energy resources for the benefit of our customers."
The project, located in Lewis and Thurston Counties, Washington, is Southern Power's first wind facility in the state and contributes to the company's growing renewable fleet of clean generating assets from California to Maine. Skookumchuck was developed by RES and is expected to utilize 38 wind turbines manufactured by Vestas. Construction is underway, and the project is expected to achieve commercial operation in the first quarter 2020.
Once operational, the electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement with Puget Sound Energy, which will utilize the resource to meet the electricity demand of their Green Direct product customers. Southern Power is the majority owner and has signed an agreement to sell a minority stake in the facility to TransAlta Corporation upon commercial operation.
With the addition of Skookumchuck, Southern Power's wind portfolio consists of more than 1,960 MW of wind generation. Southern Power's wind facilities are a part of the company's 3,190-MW renewable fleet, which consists of 40 solar and wind facilities operating or under construction.
This project aligns with Southern Power's overall business strategy of strengthening its wholesale business by acquiring and developing generating assets that are covered by long-term contracts with counterparties with strong credit support.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 50 facilities operating or under development in 13 states with more than 11,310 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma, Texas and Washington.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Skookumchuck Wind Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any environmental performance standards and the requirements of any tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Power
Article Date
10/28/201910/24/2019 - Virginia Natural Gas raises the bar on lowering emissions, signs deal for next generation natural gas
Virginia Natural Gas raises the bar on lowering emissions, signs deal for next generation natural gas
Source: PR Newswire
VIRGINIA BEACH, Va., Oct. 24, 2019 /PRNewswire/ -- Virginia Natural Gas (VNG) announced today that it aims to be the first natural gas utility in America to provide its customers with natural gas that is 100% sourced, transported and distributed by companies that have pledged to reduce greenhouse gas emissions to less than 1% across the natural gas value chain. And as a down payment on that pledge, it announced a deal to source a large percentage of its annual gas consumption from such companies starting this year.
Beginning Nov. 1, VNG will begin purchasing one-fifth of its customers' annual natural gas supply from select wells operated by Southwestern Energy (SWN).
VNG and SWN are founding members of Our Nation's Energy Future (ONE Future) (www.onefuture.us).
A natural gas industry-led organization, ONE Future is dedicated to voluntarily achieving meaningful reductions in methane emissions across the natural gas supply chain. Members are focused on achieving a science-based average rate of methane emissions that is equal to 1% or less of total natural gas production by 2025. VNG's distribution system and all the interstate transportation pipelines that serve it participate in the ONE Future program. The purchase of next generation gas reflects VNG's desire to help move the market in this direction, a first of its kind from well head to burner tip, and the method by which VNG aspires to source all its gas by 2025.
In addition, the gas from this purchase is from SWN wells that have been certified through the Independent Energy Standards Corporation Trustwell™ Responsible Gas Program. The program's goal is to manage emissions and produce natural gas in a more sustainable way that produces an even cleaner fuel using an independent, third-party rating system for gas wells or entire asset bases.
Coupled with the Virginia State Corporation Commission's recent approval allowing VNG to double its award-winning Steps to Advance Virginia's Energy (SAVE) infrastructure replacement program, the announcement signals VNG's commitment to accelerate its sector-leading commitment to emissions reductions.
"Our customers want their fuel of choice to be both clean and economical. Stakeholders want to know we're working to be a part of the climate solution. This independent third-party certification using state-of-the-art wells provides both transparency and accountability," said Jim Kibler, VNG president. "We know that to meet our goals will require not only aspiration but working with our stakeholders, regulators, and supply chain partners to obtain excellent results for our customers and our communities," Kibler added.
Richard Hyde, executive director of ONE Future stated, "I am excited to see two founding members of ONE Future enter into this agreement which enables both companies to continue the hard work they have put into in reducing methane emissions over the last several years. I think these types of agreements prove that reducing methane emissions is a critical part of helping to ensure the reliability and sustainability of our nation's energy supply as the economy moves toward lower carbon usage."
Purchasing this next generation natural gas complements VNG's efforts to reduce greenhouse gas emissions through additional initiatives such as its Energy Efficiency Program and its pipeline modernization program, SAVE that started in 2012. Through SAVE, VNG has replaced more than 350 miles of older, aging pipes with more modern pipes that have reduced greenhouse gas emissions by more than 25%, taking the equivalent of 13,000 vehicles off the road.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia and has been recognized as one of the safest, most reliable and customer-focused natural gas service providers. Consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates, the company has also been recognized by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association for its safety, community outreach and educational programs, and was named Local Distribution Company for three consecutive years. Virginia Natural Gas has been ranked by its business customers as being one of the most Trusted Business Partners in the utility industry according to Cogent Reports, and as one of the Top Workplaces in Hampton Roads by Inside Business. For more information, visit virginianaturalgas.com and connect with the company on Facebook, Twitter and Instagram.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Virginia Natural Gas
Article Date
10/24/201910/23/2019 - Georgia Natural Gas helps customers achieve their clean energy goals with new Greener Life program
Georgia Natural Gas helps customers achieve their clean energy goals with new Greener Life program
Source: PR Newswire
ATLANTA, Oct. 23, 2019 /PRNewswire/ -- Natural gas customers in Georgia now have more control over their environmental footprint thanks to Greener Life™, a new Georgia Natural Gas (GNG) service for customers striving for a carbon neutral lifestyle.
"We understand that many of our customers want to do their part to limit their impact on the environment," said Keith Gallagher, director for mass markets at GNG, Georgia's leading natural gas marketer. "With Greener Life, GNG makes it easy and affordable for customers to make their natural gas use carbon neutral by taking care of purchasing and retiring carbon offsets on their behalf."
For the average GNG customer, offsetting greenhouse gas emissions with Greener Life will be equivalent to driving nearly 10,000 miles less each year, according to the Environmental Protection Agency's Greenhouse Gas Equivalencies Calculator. If GNG's nearly 500,000 customers all enroll in Greener Life, it would be equal to removing approximately 355,000 cars off the road per year.
To help customers reach this milestone, GNG has purchased carbon offsets from the Wolf Creek Landfill Project in Georgia and the Doe Mountain Forest Improvement Project in Tennessee. Each quarter, GNG will retire enough carbon offsets on behalf of Greener Life participants to completely offset the greenhouse gases released by their natural gas use the prior quarter.
Greener Life has received Green-e Climate certification from an independent third party, the Center for Resource Solutions. Green-e Climate is the leading certification program for voluntary carbon offset programs.
Greener Life is $4.99 per month for residential customers and $9.99 per month for small business customers on GNG's standard price plans. For more information about Greener Life or to enroll, visit gng.com/greenerlife or call GNG at 877-850-6200.
About Georgia Natural Gas
Georgia Natural Gas is part of SouthStar Energy Services. SouthStar is owned by Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). SouthStar also operates as Ohio Natural Gas, Florida Natural Gas, Maryland Energy, Pennsylvania Energy, Grand Rapids Energy (in Michigan), Virginia Retail Energy and in other parts of the Southeast as SouthStar Energy Services. SouthStar's subsidiaries in Illinois operate as Illinois Energy and Illinois Energy Solutions.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
The greenhouse gas emissions being offset with Greener Life are those associated with the combustion of natural gas at the point of consumption. They do not include emissions that occur during the extraction, production or delivery of natural gas, including methane leaks.
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SOURCE Southern Company
Article Date
10/23/201910/21/2019 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, Oct. 21, 2019 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 62 cents per share on the company's common stock, payable December 6, 2019, to shareholders of record as of November 18, 2019. Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/21/2019Southern Company's 2019 proxy statement recognized as the nation's best
Source: PR Newswire
ATLANTA, Oct. 17, 2019 /PRNewswire/ -- Southern Company's 2019 proxy statement was named the number one proxy statement in the United States in the inaugural U.S. Transparency Awards, sponsored by Labrador, a global communications firm specializing in regulated disclosure documents.
The rankings compared the efficacy of corporate disclosure documents among the top S&P 250 companies trading on the New York Stock Exchange or Nasdaq, as determined by market capitalization.
Proxy statements provide investors with the information needed for informed decision-making in advance of a company's annual shareholders meeting. The U.S. Transparency Awards focus on the criteria of accessibility, accuracy, comparability and availability. Southern Company's proxy statement stood out by including easy-to-understand graphics within an environmental, social and governance (ESG) section, along with specific feedback from the board evaluation process.
Southern Company ranked third for overall corporate disclosure, which includes each company's form 10-K and investor website in addition to its proxy statement.
"It is a tremendous honor to be recognized for excellence in our corporate disclosure communications," said Jim Kerr, executive vice president, chief legal officer and chief compliance officer for Southern Company. "We take great pride in producing clear and comprehensive disclosures that address the information investors are seeking, and are also easy for shareholders to access and understand."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/17/201910/16/2019 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., Oct. 16, 2019 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
5.00% - $.3125 per share |
These dividends are for the quarter ending Dec. 31, 2019, payable Jan. 1, 2020, to shareholders of record on Dec. 17, 2019.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers statewide. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
10/16/201910/16/2019 - Southern Company Selected as Finalist for Corporate Social Responsibility Award at the 2019 Global Energy Awards
Southern Company Selected as Finalist for Corporate Social Responsibility Award at the 2019 Global Energy Awards
Source: PR Newswire
ATLANTA, Oct. 16, 2019 /PRNewswire/ -- Southern Company has been selected as a finalist for the Corporate Social Responsibility Award – Diversified Program at the 21st annual S&P Global Platts Global Energy Awards. The 2019 finalists were announced by program host S&P Global Platts, the global provider of energy and commodities information and spot market benchmarks.
The Corporate Social Responsibility (CSR) Award emphasizes the convergence of profitability and company values. The award recognizes the organization that best demonstrates leadership, commitment to sustained action and real-world impacts from across its business. The judges are seeking a high-performing organization that has evidenced its positive influence on surrounding communities, promotes teamwork toward sustainable, long-term impacts and encourages active employee participation beyond financial contributions.
Southern Company and our subsidiaries recognize the responsibility that comes with our privilege to develop energy solutions and are steadfast in our commitment to our customers, neighbors and communities.
We were one of the first energy companies to publicly set goals to reduce carbon emissions. In 2018, we established an intermediate goal of a 50% reduction in carbon emissions from 2007 levels by 2030 and a long-term goal of low- to no-carbon operations by 2050. As of the end of 2018, the Southern Company system has reduced greenhouse gas emissions more than 35% as compared to 2007 levels. Since 2010, Southern Company and its subsidiaries have invested $20 billion in developing low-carbon and carbon-free energy resources.
In 2018, corporate and foundation giving by Southern Company and its subsidiaries totaled $63.6 million. Also, employees across the Southern Company system raised $2.1 million for numerous organizations that serve our local communities. Since 2003, we have facilitated the investment of more than $14.2 million in 306 grants that have restored or enhanced 1.7 million acres of forests, rivers, coastal areas and wetlands.
Established in 1999 and often described as "the Oscars of the energy industry," the S&P Global Platts Global Energy Awards highlight corporate and individual innovation, leadership and superior performance in 21 categories spanning the entire energy complex. Hundreds of energy industry representatives are expected to attend the 2019 Global Energy Awards black-tie dinner on December 12 in New York City.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts is a division of S&P Global, which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.
Certain information contained in this release is forward‐looking information based on current expectations and plans that involve risks and uncertainties. Forward‐looking information includes, among other things, statements concerning emission reduction goals. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward‐looking information that has been provided. The reader is cautioned not to put undue reliance on this forward‐looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and its subsidiaries; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and its subsidiaries' Annual Reports on Form 10‐K for the year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward‐looking information: the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; variations in demand for electricity and natural gas; the ability to complete necessary or desirable pipeline expansion or infrastructure projects, limits on pipeline capacity, and operational interruptions to natural gas distribution and transmission activities; transmission constraints; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related review and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios and fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; and catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward‐looking information.
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SOURCE Southern Company
Article Date
10/16/2019Techstars, Alabama Power and state leaders join forces on EnergyTech Accelerator
Source: PR Newswire
BIRMINGHAM, Ala., Oct. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, is partnering with Alabama Power, with additional support from the Economic Development Partnership of Alabama (EDPA) and the Alabama Department of Commerce, to launch the Techstars Alabama EnergyTech Accelerator. The new venture is a startup accelerator focused on innovations in energy technology to be located in Birmingham, Alabama.
The Techstars Alabama EnergyTech Accelerator will attract startups that are building technologies and business models to enhance the future of energy. Focus areas will include smart cities, the "internet of things," industrial electrification, connectivity and electric transportation.
Through its corporate accelerators, Techstars develops partnerships with corporations to add industry expertise through mentorships, business development opportunities and access to resources. Alabama Power is Techstars' first electric utility partner.
"This partnership with Techstars is an exciting opportunity that supports our commitment to find better ways to serve our customers and elevate the state," said Alabama Power CEO Mark Crosswhite. "With a world-class accelerator program, the Techstars Alabama EnergyTech Accelerator will be an important catalyst for Alabama to continue strengthening its reputation as a growth center for technology and energy innovation."
"We're thrilled to launch our first accelerator in Alabama in partnership with Alabama Power, with support from the EDPA and Department of Commerce. This accelerator program will combine these organizations' dedication to economic development and electrical and utility innovation with our expertise and global network reach," said Keith Camhi, Techstars senior vice president of Accelerators. "Founders addressing electrical and utility solutions who join our 2020 inaugural class are poised for three incredible months of mentorship and growth."
The Techstars Alabama EnergyTech Accelerator will source applicants from around the world for the three-month intensive program.
"The Techstars Alabama EnergyTech Accelerator is a huge economic development win for the state," said Greg Canfield, secretary of the Alabama Department of Commerce. "We have made recruiting technology-focused jobs a priority, and this initiative will help us advance toward our goal while also securing more venture capital and resources for all of our companies to grow and prosper."
Canfield said the partnership between Alabama Power and Techstars, with support from Commerce and the EDPA, is a direct result of changes made to the Growing Alabama Credit through the Alabama Incentives Modernization Act, which went into effect in August. The changes include an incentive for qualifying tech accelerators, and this is the first time it has been utilized.
"Through the Techstars Alabama EnergyTech Accelerator, we want to show these high-growth potential companies that the state has the right mechanisms in place for them to start, stay and grow," said Steve Spencer, Economic Development Partnership of Alabama president. "We are excited to welcome Techstars to Alabama."
In addition to support provided by Commerce and the EDPA, Altec, PowerSouth, and numerous organizations and companies throughout the state were involved in the recruitment of Techstars. These supporters will have a key role in the accelerator process, with the common goal of growing the number of startup companies based in Alabama.
The first class is planned for 2020. Each class of the annual mentorship-driven accelerator will run for 13 weeks and accept 10 startups. Throughout the program, startups will receive seed investment, mentorship through Techstars' worldwide network of business leaders, and business coaching through the program's educational components. At the end of the 90 days, the program will culminate in Demo Day, a public pitch event.
For more information visit the Alabama EnergyTech Accelerator program page at www.techstars.com. For media inquiries, contact Ali Donnermeyer, marketing manager, Accelerator Programs, ali.donnermeyer@techstars.com.
About Alabama Power
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), is focused on providing innovative energy solutions to improve customers' lives. Learn more at www.alabamapower.com.
About Techstars
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,900 companies with a market cap of $23 billion. www.techstars.com
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SOURCE Alabama Power Company
Article Date
10/16/2019PowerSecure Launches a State-of-the-Art Microgrid in Research Triangle Park
Source: PR Newswire
DURHAM, N.C., Oct. 16, 2019 /PRNewswire/ -- PowerSecure, Inc., a subsidiary of Southern Company, today announced the launch of Microgrid 360, a state-of-the-art microgrid campus that optimizes PowerSecure's vertically-integrated solutions and is itself an advanced microgrid, consisting of ultra-clean and modular Tier 4 Final engines, a solar array, fuel cells and battery energy storage system, all managed by the company's proprietary PowerControl platform.
Jim Smith, group executive of PowerSecure, commented on how this new capability supports the goals of PowerSecure's customers.
"Our customers benefit because we optimize time-to-successful-implementation by vertically integrating the right expertise in-house, from concept and design through microgrid management," Smith said. "This 360-degree lifecycle approach allows us to develop a superior microgrid for our customers and deliver it in about half the time it would take other microgrid providers."
As the largest commercial microgrid developer in the U.S., PowerSecure has installed over 2 gigawatts and currently controls 1.6 gigawatts of distributed generation systems across the country. All of this experience went into developing the advanced microgrid that powers Microgrid 360.
"When customers visit Microgrid 360, it becomes clear to them that we are the product innovators and solution architects that can help them devise the right system to maximize reliability, economic value and durability," said Eric Dupont, chief commercial officer for PowerSecure. "As a company that centrally monitors and manages our customers' microgrids 24/7/365 and provides a national field service team, we have the unique advantage of knowing what products and components really stand the test of time."
To learn more about Microgrid 360 and to set up a tour, visit microgrid360.com
About PowerSecure
PowerSecure, a Southern Company subsidiary, is a pioneer in developing distributed energy systems and in the integration of multiple energy resources for advanced microgrid deployments. Over its 18 year history, PowerSecure has gained 85% of the US market share for installed microgrid sites. The company offers a lifecycle approach to microgrid solutions, and designs, builds, owns and operates microgrids including on-site generation with ultra clean diesel Tier 4 Final, natural gas generation systems, fuel cell energy systems, battery energy storage, and renewable energy. In addition, PowerSecure offers energy efficiency services to optimize the energy load of its customer facilities.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE PowerSecure
Article Date
10/16/201910/16/2019 - Techstars Partners With Alabama Business And State Leaders To Bring EnergyTech Accelerator To Birmingham, Alabama
Techstars Partners With Alabama Business And State Leaders To Bring EnergyTech Accelerator To Birmingham, Alabama
Source: PR Newswire
BOULDER, Colo., Oct. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of the Techstars Alabama EnergyTech Accelerator. The accelerator will run in partnership with Alabama Power with support from the Alabama Department of Commerce and the Economic Development Partnership of Alabama (EDPA). Alabama Power is a southern electricity provider for 1.4 million customers across the state of Alabama and a subsidiary of Southern Company, the second largest utility company in the U.S. in customer base.
The new 13-week mentorship-driven program will provide startups in the EnergyTech space hands-on mentorship and access to Techstars' worldwide network, helping them to gain traction and accelerate their businesses for success.
The Techstars Alabama EnergyTech Accelerator will be based in Birmingham, Alabama, catering to startups addressing innovative technologies in the electrical and utility space. The accelerator will provide participating startups access to guidance from Techstars' mentors as well as leaders and experts from business and state leaders. The first year of the accelerator will run from July 2020 to October 2020, culminating in a demo day event where the participating startups will pitch their accelerated business models to investors and industry leaders.
"We're thrilled to launch our first accelerator in Alabama in partnership with Alabama Power, with support from the EDPA and Department of Commerce. This accelerator program will combine these organizations' dedication to economic development and electrical and utility innovation with our startup expertise and global network reach," said Keith Camhi, Techstars Senior Vice President of Accelerators. "Founders addressing electrical and utility solutions who join our 2020 inaugural class are poised for three incredible months of mentorship and growth."
Applications for Techstars Alabama EnergyTech Accelerator will be accepted January of 2020 through March 2020. Startups interested in learning more about the program are encouraged to contact Techstars or visit the Techstars Alabama EnergyTech Accelerator program page.
"This partnership with Techstars is an exciting opportunity that supports our commitment to find better ways to serve our customers and elevate the state," said Alabama Power CEO Mark Crosswhite. "With a world-class accelerator program, the Techstars Alabama EnergyTech Accelerator will be an important catalyst for Alabama to continue strengthening its reputation as a growth center for technology and energy innovation."
About Techstars
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,900 companies with a market cap of $23 Billion. www.techstars.com
About Alabama Power
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), is focused on providing innovative energy solutions to improve customers' lives. Learn more at www.alabamapower.com.
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SOURCE Techstars
Article Date
10/16/201910/10/2019 - Georgia Power receives Chairman's Circle Corporate Responsibility Award from 100 Black Men of Atlanta, Inc.
Georgia Power receives Chairman's Circle Corporate Responsibility Award from 100 Black Men of Atlanta, Inc.
Source: PR Newswire
ATLANTA, Oct. 10, 2019 /PRNewswire/ -- Georgia Power was honored Saturday night with the 2019 Chairman's Circle Corporate Responsibility Award for its commitment in making a difference in the Atlanta community by the 100 Black Men of Atlanta, Inc. (the 100).
The Chairman's Circle Corporate Responsibility Award recognizes organizations that have made a significant contribution to the wellbeing of communities and youth in Atlanta. The honor, which was presented during the organization's 100 Honors Gala in Atlanta, was given to Georgia Power for the company's long-time support of the 100 and commitment to improving communities across Atlanta and the state.
"Georgia Power and the 100 Black Men of Atlanta, Inc. have been working together for more than 20 years to make an impact on our communities and our youth. Our partnership has elevated education and robotics," said Paul Bowers, chairman, president and CEO, Georgia Power. "The 100 Black Men of Atlanta, Inc.'s commitment to the well-being of communities and youth across Atlanta speaks to Georgia Power's mission to be a citizen wherever we serve and desire to build a better tomorrow for all Georgians. Receiving the Chairman's Circle Corporate Responsibility Award is truly a recognition of our partnership."
During the decade's long partnership, Georgia Power and the 100 Black Men of Atlanta, Inc. have worked together to mentor kids enrolled in the 100's programs and strengthen educational initiatives and increase awareness in careers of science, technology, engineering and mathematics education to youth across Atlanta. Georgia Power employees also donate to the 100 through the Club of Hearts, a Georgia non-profit organization and the company's employee giving campaign. These efforts are helping to secure a better future for children and create lasting prosperity for Georgia businesses, academia and citizens.
"For years, he Georgia Power company and its employees have provided unwavering support for our students and programs, helping to change countless lives in Atlanta's communities. We are fortunate and grateful to have Georgia Power as a partner in our effort to create opportunities for Atlanta's youth," said Kevin Gooch, Chairman of the Board, 100 Black Men of Atlanta, Inc.
To learn more about Georgia Power's commitment to the community, including company's annual citizenship, visit GeorgiaPower.com/Community.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/10/2019Georgia Power places focus on literacy during Georgia Pre-K Week
Source: PR Newswire
ATLANTA, Oct. 10, 2019 /PRNewswire/ -- Georgia Power announced today that for the sixth consecutive year it has joined with the nonprofit organization Voices for Georgia's Children, as well as other notable Georgia businesses, to support the ninth annual Georgia Pre-K Week across the state, Oct. 7-11.
During the weeklong celebration, Pre-K centers open their doors to elected officials, business and community leaders and invite them to experience firsthand the high-quality education taking place in classrooms every day. In 2018, Georgia Power employees read to more than 92 Pre-K classes and reached approximately 2,000 students as a part of Pre-K week. Georgia Power leaders also have the opportunity to tour the centers and read to students.
"Reading is fundamental to future academic success, and reading programs, such as the Georgia Pre-K Week, provide a great opportunity to increase awareness for the importance of quality early education," said Paul Bowers, chairman, president and CEO of Georgia Power. "We believe education is foundational to building a bright future for our state and that's why we are committed to strengthening academic performance in Georgia, specifically in the area of STEM education."
"The support of public and private organizations sends a powerful statement to the community about the value of quality early learning," said Dr. Erica Fener Sitkoff, executive director of Voices for Georgia's Children. "Over the past six years, Georgia Power has played a vital role in providing our students with a solid start by raising awareness for the early education of Georgia's children."
Georgia Power's Learning Power Program
Georgia Power is in classrooms across the state all year long, not just during Pre-K Week. In fact, Georgia Power's Learning Power program has reached more than 715,000 students since its inception in 2011. Through the program, education coordinators visit Georgia schools to present hands-on, STEM-related energy and energy efficiency lessons that reinforce Georgia Standards of Excellence and make students, educators and parents aware of energy and efficiency opportunities and careers. For more information visit www.learningpower.org.
For more information about how the company is working to advance education and build the highly skilled workforce of tomorrow, visit www.georgiapower.com/community. For more information about Voices for Georgia's Children and Georgia Pre-K Week, visit www.georgiavoices.org.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/10/2019Southern Company third-quarter earnings to be released October 30
Source: PR Newswire
ATLANTA, Oct. 3, 2019 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2019 by 7 a.m. EST on Wednesday, Oct. 30. Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. EST on Wednesday, Oct. 30.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/3/2019Final major module for Georgia Power's Vogtle 3 & 4 project arrives onsite
Source: PR Newswire
ATLANTA, Oct. 2, 2019 /PRNewswire/ -- The final major module for construction of the Vogtle 3 & 4 units has arrived onsite, meaning all 1,485 major modules required to complete construction have now been manufactured and safely delivered. The arrival of the final major module marks the completion of sourcing construction modules from 25 suppliers and vendors from around the globe. These modules help streamline the construction process, since they are made in advance of arriving to the project site and ready to be assembled into larger components that make up the nuclear units.
Since 2011, major modules have been delivered to the site by rail and truck and include a range of plant components such as floor and wall sections and supporting structures that surround the containment buildings and reactor vessels. Some of these modules have become what are now the containment structures and a 20-room building housing critical components for the units, amongst other sections of the units. (View photos of two large modules onsite here.)
In addition, several milestones for Unit 4 have recently been achieved including the second of four concrete placements for the operating deck inside the containment vessel. The placement of 58 cubic yards of concrete forms a 2-foot-thick floor in support of the loading and staging of equipment inside containment in preparation for the third containment ring and top head placements. To date, more than 667,000 cubic yards of concrete have been placed for units 3 & 4, enough to build a sidewalk from Miami to Seattle.
Workers recently set the Integrated Head Package (IHP) on its stand on the operating deck inside the Unit 4 containment vessel. Weighing 475,000 pounds, standing 48 feet tall, and containing more than three miles of electrical cables, the IHP will sit atop the reactor vessel during normal operations and is the integral piece used in monitoring and controlling the nuclear reaction that will occur.
The project workforce remains at an all-time high with approximately 8,000 workers on site. With more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/2/2019Georgia Power, Ron Clark Academy celebrate renewed STEM partnership
Source: PR Newswire
ATLANTA, Oct. 2, 2019 /PRNewswire/ -- Georgia Power and the world-renowned Ron Clark Academy in Atlanta continue to provide new skills and training for Georgia educators through the annual PowerED Fellows program. PowerED Fellows, funded by The Georgia Power Foundation Inc., receive a three-day professional developmental experience at the Ron Clark Academy focused on STEM-related best practices in teaching and student engagement to prepare the workforce of the future. Since the beginning of this partnership six years ago, more than 450 fellows from more than 140 Georgia schools have completed the training.
"The Georgia Power Foundation is honored to work with the Ron Clark Academy to help our state's educators stay at the forefront of STEM education and we congratulate all of the teachers who have completed the PowerED Fellows program," said Mike Anderson, senior vice president of charitable giving for Georgia Power. "Ensuring that our teachers have the tools and resources they need to prepare and empower Georgia students for future careers is one piece of our commitment to improving education in the state and we look forward to bringing more teachers to the Ron Clark Academy through this exciting program."
Georgia Power's commitment to education spans its more than 100-year history and is emphasized companywide. The company offers free resources for educators including interactive diagrams, an online energy calculator, access to power plant tours and more. For more information about Georgia Power's initiatives and programs, visit www.georgiapower.com/education.
2019 PowerED Fellows include:
Northwest Georgia
Northeast Georgia
Southwest Georgia
Southeast Georgia
The Georgia Power Foundation, Inc.
The Georgia Power Foundation, Inc. a non-profit 501(c)(3) organization, is the fifth largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/2/2019Georgia Power continues to make progress on ash pond closure at Plant McIntosh with dewatering process to begin in October
Source: PR Newswire
ATLANTA, Oct. 1, 2019 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of the ash pond at Plant McIntosh with the dewatering process scheduled to begin in October. Dewatering marks a significant step towards completing the closure process, and Georgia Power's ash pond closure plan for Plant McIntosh is specifically designed for the site to ensure water quality is protected every step of the way.
The ash pond at Plant McIntosh will be completely excavated, with the ash stored in a permitted, lined landfill on plant property. Ash pond closures are site-specific and consider multiple factors, such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers.
"As we begin the dewatering process at Plant McIntosh, we are pleased with the progress we have made on our ash pond closures at all of our plants," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We continue to focus on safety and meeting all compliance requirements throughout the process to fulfill our longstanding commitment to protect the environment and local communities. We have invested in water treatment systems to help ensure that our dewatering process is protective of the Savannah River. Throughout the process, clear communication to our customers and the community about our progress remains a priority."
The ash pond dewatering plan for Plant McIntosh has been approved by the Georgia Environmental Protection Division (EPD) and describes the water treatment system, controls and monitoring that will be used during the process to help ensure that the water discharged is protective of water quality standards. The planned on-site closure methods are being permitted and regulated by the EPD.
Communication regarding the closure plan is provided through EPD permitting notifications as well as posting on Georgia Power's website. To read more about Plant McIntosh's ash pond closure and dewatering process, click here.
Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. The company is in the process of completely excavating 19 ash ponds with the remaining 10 being closed in place using proven engineering methods and closure technologies.
In November 2018, Georgia Power completed the submission of 29 Coal Combustion Residuals (CCR) permit applications as required by the Georgia CCR rule for ash ponds and CCR landfills. These permit applications outlined significant and detailed engineering information about Georgia Power's ash pond closure plans and landfill operations plans. The permitting application process was developed and completed with significant internal and external resources supported by multiple third-party consulting and engineering firms.
Georgia Power's ash pond closure plans fully comply with the federal CCR rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and CCR landfills in the state and includes a comprehensive permitting program through which the EPD will approve all actions to ensure ash pond closures are protective of water quality.
In 2016, the company announced that all ash ponds will stop receiving coal ash in three years, and the significant construction work necessary to accommodate the dry-handling of ash has been completed in 2019. Today, more than 75 percent of the coal ash Georgia Power produces is recycled for various beneficial uses, such as Portland cement, concrete and cinder blocks.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells, including 46 wells at Plant McIntosh, around its ash ponds and landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The company continues to post testing results on Georgia Power's website and report them to the EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
Dewatering Process
Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to help ensure that it meets the requirements of the plant's wastewater discharge permits approved by the EPD and is protective of applicable water quality standards. The dewatering process marks a significant step towards completing the ash pond closure process and has begun at five of Georgia Power's plants: Bowen, McDonough, McManus, Branch and Yates, with Plant McIntosh scheduled to begin in October.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations and tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power Company
Article Date
10/1/2019Georgia Power offers energy assistance programs to help customers reduce the impact of hot weather on power bills
Source: PR Newswire
ATLANTA, Oct. 1, 2019 /PRNewswire/ -- With Georgia experiencing its 86th day of temperatures above 90 degrees since May and the forecast calling for temperatures to remain in the 90s through the week, Georgia Power is reminding customers that the company offers energy assistance programs to those in need of help paying or reducing their monthly energy bill.
Assistance when you need it
Georgia Power partners with nonprofits, community and faith-based organizations to offer assistance programs to those in need. Programs include:
Customers can review more about energy assistance programs here. To raise awareness that help is available, Georgia Power has also developed public service announcements (PSAs) to highlight the various assistance and energy efficiency programs available to customers. The PSAs encourage customers to explore www.GeorgiaPower.com/EnergyAssistance to find the best solutions for their individual need. The PSAs can be viewed on the company's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/1/2019Georgia Power named a Top U.S. Utility for Economic Development
Source: PR Newswire
ATLANTA, Sept. 30, 2019 /PRNewswire/ -- For the 21st consecutive year, Georgia Power has been named a "Top U.S. Utility for Economic Development" by Site Selection magazine. Only 20 utilities were chosen for this honor out of more than 3,300 across the country.
Georgia Power partnered with state and community organizations last year to assist 133 companies, resulting in more than 18,500 jobs created or retained and $4.7 billion in capital investment. In the last six years alone, the company assisted more than 600 companies that created or retained nearly 100,000 jobs and invested $22 billion in Georgia. To learn more about our community and economic development initiatives, visit SelectGeorgia.com.
"Economies are at their strongest when state leaders, local leaders and the business community are working together," said Anne Kaiser, Georgia Power's vice president of community and economic development. "Georgia Power is proud to help our state remain one of the strongest economies in the nation by supporting communities and businesses as they grow, helping to create opportunities for Georgians. We provide the energy infrastructure necessary to do business here, and we also contribute to the dynamic ecosystem and the teamwork that is community and economic development in Georgia."
Georgia Power partners with organizations such as the Georgia Department of Economic Development to promote Georgia as a leading state for business. Georgia Power offers free community and economic development consultation and services to prospective companies navigating the site selection process – all while serving as a liaison between state and local organizations. Georgia Power is dedicated not only to facilitating a company's expansion in Georgia or its move to the state but also assisting local communities with expansion, retention and recruitment of jobs and investment. The company's community and economic development team is also invested in creating a renewable talent pipeline through its education and workforce development initiatives.
In the award citation, Site Selection noted the addition of "Project Management 201" to community and economic development education offerings from Georgia Power. This new course expands on lessons taught in "Project Management 101," which is offered by the company to economic development officials across the state. Georgia Power also contributes community and economic development leadership through offerings from the Georgia Academy for Economic Development.
The Site Selection rankings were based on analysis of corporate-end user projects activity in 2018 in utilities' territories (from Conway Projects Database and submitted materials). In addition to examining facility investment project totals and calculating those projects' jobs and capital investment numbers on a cumulative and per-capita basis, Site Selection also looked at website tools and data; innovative programs and incentives for business, including energy efficiency and renewable energy programs; and the utility's own job-creating infrastructure and facility investment trends.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/30/20199/20/2019 - Georgia Power offers energy-saving tips to help customers minimize the impact of late summer heat
Georgia Power offers energy-saving tips to help customers minimize the impact of late summer heat
Source: PR Newswire
ATLANTA, Sept. 20, 2019 /PRNewswire/ -- With Georgia experiencing more than 85 days of temperatures above 90 degrees since May and temperatures expected to rise again next week, 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.
Tips, Tools & Resources
Georgia Power offers efficiency tips, tools and this cost-comparison guide that can help all customers save money and energy throughout the year. Hundreds of easy energy tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save. The website also includes access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Simple tips to save money and energy include:
Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizen Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/20/20199/19/2019 - Georgia Power reminds customers of energy assistance programs during late summer heat wave
Georgia Power reminds customers of energy assistance programs during late summer heat wave
Source: PR Newswire
ATLANTA, Sept. 19, 2019 /PRNewswire/ -- While temperatures are holding in the 80's in most parts of the state today, Georgia has already experienced more than 85 days of temperatures above 90 degrees since May. Georgia Power is reminding customers that the company offers energy assistance programs to those in need of help paying or reducing their monthly energy bills.
Assistance when you need it
Georgia Power partners with nonprofits, community and faith-based organizations to offer assistance programs to those in need. Programs include:
Georgia Power has also developed public service announcements (PSAs) to highlight the various assistance and energy efficiency programs available to customers. The PSAs encourage customers to explore www.GeorgiaPower.com/EnergyAssistance to find the best solutions for their individual need. The PSAs can be viewed on the company's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/19/20199/18/2019 - Georgia Power nationally recognized for excellence in employee health and well-being initiatives
Georgia Power nationally recognized for excellence in employee health and well-being initiatives
Source: PR Newswire
ATLANTA, Sept. 18, 2019 /PRNewswire/ -- Georgia Power has been honored with a 2019 Best Employers: Excellence in Health & Well-Being Gold Award by the National Business Group on Health, a non-profit association of more than 440 large U.S. employers. The company received the award for providing one of the best offerings of workforce health and employee well-being initiatives in the nation.
"Over the years, our emphasis on well-being has evolved from programs focused solely on physical health to ones that embrace a more total well-being approach for our employees, including mental, emotional and financial health," said Paul Bowers, chairman, president and CEO, Georgia Power. "We're committed to creating supportive environments where our employees can thrive, and this recognition is a testament to our efforts."
As one of only fifty U.S. employers recognized yesterday in San Diego by the National Business Group on Health at its 2019 conference, Georgia Power was praised for its strong commitment to holistic well-being, including offering mental and physical health, social connectedness and community involvement initiatives within company programs.
Winners at the event were honored in one of three categories: Platinum, for organizations that have recognized a connection between workforce well-being and key business outcomes, and implemented a strategy with demonstrated results across several dimensions of well-being; Gold for organizations with a strong commitment to holistic well-being and related metrics; and Silver, for organizations with emerging well-being strategies, often with a focus on physical health.
"Our annual awards recognize organizations that promote the overall well-being of their employees and families," said Brian Marcotte, president and CEO of the National Business Group on Health. "Georgia Power is among an elite group of employers who recognize the positive impact a culture inclusive of well-being can have on their employees' productivity and engagement. We congratulate them."
Georgia Power offers its employees comprehensive benefits plans as well as engaging tools and resources that can be used to live a healthy and more productive life. Using four key areas (Focus, Fuel, Move, Recover), the company educates its employees on physical, mental and emotional, financial, and social well-being by hosting on-site clinics; providing health screenings and fitness facilities; offering workspaces that encourage standing and social connections; inviting vendor partners to discuss sleep health, functional movement, telemedicine and teletherapy; and more.
Additionally, company leaders and employee well-being champions across the state, communicate, educate and engage employees while striving to maintain a safe and supportive workplace that is diverse, inclusive and caring.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About the National Business Group on Health®
The National Business Group on Health is the only non-profit organization devoted exclusively to representing large employers' perspective on health policy issues and optimizing workforce strategy through innovative health, benefits and well-being solutions. The Business Group keeps its membership on the leading edge of innovation, thinking and action to address health care cost and the delivery, financing, affordability and consumer experience with the health care system. Business Group members, many of whom have operations globally, include 73 Fortune 100 companies, and provide health coverage for more than 60 million workers, retirees and their families in over 200 countries. For more information, visit https://www.businessgrouphealth.org/.
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SOURCE Georgia Power
Article Date
9/18/20199/17/2019 - Georgia Power encourages customers to review their current rate plan during continued summer heat wave
Georgia Power encourages customers to review their current rate plan during continued summer heat wave
Source: PR Newswire
ATLANTA, Sept. 17, 2019 /PRNewswire/ -- With temperatures across Georgia continuing to reach above 90 degrees, 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.
Choose the right plan for your budget and lifestyle
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. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans here and at www.GeorgiaPower.com/Pricing, including:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/17/2019Georgia Power offers tips and information to help customers during continued heat wave
Source: PR Newswire
ATLANTA, Sept. 16, 2019 /PRNewswire/ -- With temperatures across Georgia holding in the 90's early this week, Georgia Power urges customers to take action 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.
Tips, Tools & Resources
Georgia Power offers efficiency tips, tools and resources that can help all customers save money and energy throughout the year. Hundreds of easy energy tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save. The website also includes access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses.
Simple summer tips to save money and energy include:
Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low. Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/16/2019Southern Company Gas donates $50,000 to veterans' organization
Source: PR Newswire
ATLANTA, Sept. 16, 2019 /PRNewswire/ -- Southern Company Gas President, Chairman and CEO Kim Greene presented a $50,000 check to Helmets to Hardhats at a reception during the Congressional Black Caucus Annual Legislative Conference in Washington, D.C. last week. The donation was made from Southern Company Gas' charitable foundation.
Helmets to Hardhats is a nonprofit program that connects, mentors and counsels National Guard, Reserve, retired and transitioning active-duty military service members with skilled training and quality career opportunities in the construction industry.
"Southern Company Gas has a long history of recruiting veterans," Greene said. "We're proud to honor our military and their heroic service to our country by recruiting veterans for high-quality jobs. We're excited to assist a great organization like Helmets to Hardhats in further strengthening their great cause."
Since 2003, Helmets to Hardhats has helped more than 33,000 military service members with quality career training and employment opportunities and has attended over 270 events in America and Canada to facilitate awareness of the jobs that exist in the construction industry.
"Helmets to Hardhats appreciates Southern Company Gas for their sincere commendation and support of our efforts to transition heroic military veterans into the great family-sustaining careers of the building trades," said Darrell Roberts, executive director of Helmets to Hardhats. "We are tremendously grateful for this generous contribution, and we look forward to working with Kim Greene and Southern Company Gas to assist more veterans secure quality construction careers in their industry and across the country."
During its tenure, Helmets to Hardhats has built a solid network of relationships and communication lines that are unique and invaluable to our nation's military service members and their transition efforts.
One such relationship is with Southern Company Gas, which works closely with partners like Helmets to Hardhats to support veterans after their active service. Including veterans in the workforce is part of Southern Company Gas' commitment to diversity and inclusion, where inclusion is defined as a work environment without barriers so that all employees feel welcomed, valued, respected and engaged. By providing an inclusive work environment, the company benefits from improved results, performance, engagement and innovation.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and 685,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
9/16/20199/12/2019 - Georgia Power offers its top 10 energy-saving tips to help reduce the impact of hot weather on bills
Georgia Power offers its top 10 energy-saving tips to help reduce the impact of hot weather on bills
Source: PR Newswire
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. As part of continued efforts to help customers save energy and money, the company has made it easy to find energy efficiency solutions and advice at www.GeorgiaPower.com.
Tips, Tools & Resources
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.
More simple summer tips to save money and energy include:
Online Energy Checkup
Georgia Power's quick and easy online energy checkup provides a customized report to help you understand your energy use and find ways to save money. Energy Checkup can use your actual power bills to give you a customized report. Just enter information about your home and family to measure how you use energy.
Home Energy Improvement Program (HEIP)
The Home Energy Improvement Program (HEIP) helps Georgia Power customers reduce energy use, save on energy costs and improve the indoor air quality and comfort of their homes. Residential customers can earn rebates from Georgia Power for implementing and installing qualifying energy savings improvements.
Simple summer tips to save money and energy include setting manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle. Also, it's important to have your air conditioner professionally serviced to ensure it's running efficiently. Change filters and trim plants around outside units so they can receive proper air flow.
Additionally, Georgia Power's My Power Usage program, a free service-connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans here and at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/12/2019Kelly L. Loeffler named to Georgia Power Board of Directors
Source: PR Newswire
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 (NYSE: ICE).
Bakkt is a regulated, global ecosystem designed to enable custody, markets and use cases for digital assets such as cryptocurrency, or Bitcoin. As CEO, Loeffler is responsible for establishing the strategy and team, as well as the regulatory, financial and operational performance of the company. She is also a member of Intercontinental Exchange's Executive Management Committee. ICE operates markets where natural gas and other energy commodities are traded electronically.
"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. Her latest role with Bakkt has her poised at the forefront of the cryptocurrency market," said Paul Bowers, chairman, president and CEO of Georgia Power. "This insight into the global energy market and her unique digital experience will provide an extremely valuable perspective as we evolve as an energy industry and as a business to build a sustainable energy future for our customers and state. We welcome her to the Georgia Power board of directors."
Loeffler joined ICE in 2002 where she built and led investor relations, corporate communications and marketing for over 15 years. She led a global team and was responsible for managing all aspects of the company's investor relations program, as well as media relations, marketing and brand strategy in support of ICE's exchange, clearing and data operations. Loeffler was paramount in taking the company public in 2005. Just as she played a critical role in the early stages of ICE, her leadership will be important as Bakkt works to establish and offer a federally regulated market for Bitcoin.
As an active member in the Atlanta community, Loeffler is a Board Trustee for the Georgia Research Alliance and on the boards of Grady Memorial Hospital Corporation, the Atlanta Symphony Orchestra and Skyland Trail, a nonprofit mental health treatment organization based in Atlanta. She earned a Bachelor of Science in Business Administration degree from the University of Illinois at Urbana-Champaign and completed a Master of Business Administration from DePaul University's Kellstadt Graduate School of Business. Loeffler is also co-owner & co-chairman of the Atlanta Dream of the Women's National Basketball Association.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/12/2019Georgia Power's state-of-the-art automation solutions featured in North America's first smart city laboratory
Source: PR Newswire
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 new living laboratory will be the first of its kind in the country and provide lab users with access to Georgia Power's state-of-the-art automation solutions and subject matter experts on the company's latest smart energy technologies and solutions.
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.
"Smart ideas like the Curiosity Lab at Peachtree Corners are all about partnerships and how to get everyone engaged with the innovations of the future," said Paul Bowers, chairman, president and CEO for Georgia Power. "The insights and research from this facility will help Georgia Power continue to evolve our technology and ensure the needs of our customers are met."
Through this partnership, Georgia Power will install 40 smart LED street lights along the 1.5 mile stretch of the Curiosity Lab and 20 cameras throughout the property to provide complete video coverage. The lights are part of the company's network of nearly 300,000 connected streetlights across the state, which is the largest installed fleet of connected streetlights in the country. The smart cameras are equipped with the latest traffic management software and analytics that will provide real-time incident detection of the roadway and the autonomous vehicle lanes along the Curiosity Lab corridor. With the use of the cutting-edge processing, the cameras will also connect technology to support and enhance safety and visibility of the lab and its operating partners.
Peachtree Corners Curiosity Lab
Located within Technology Park Atlanta, a 500-acre technology hub in metro-Atlanta, the Curiosity Lab will be available for both startups and established companies to experiment with emerging intelligent mobility technologies. The living laboratory consists of a 1.5-mile autonomous vehicle test and demonstration track with a route that includes a hotel complex, two high schools, hundreds of offices and a townhouse development with people living and working in unison with the laboratory. A public bus route also travels the corridor. Click here to learn more about Peachtree Corners' Curiosity Lab.
Georgia Power's Smart Initiatives
Georgia Power's smart initiatives include electric vehicle charging infrastructure to make electric transportation use in cars and buses convenient, smart neighborhoods that make energy saving technologies available in more homes, battery energy storage that maximizes the value of renewable energy, digital security technologies to help make communities safer, microgrids that leverage smart energy management systems, and smart meters that provide greater insight to customers' real time use, help reduce outage times and more. The Curiosity Lab reinforces the company's commitment to research and development and provides another way to continue growing smart solutions that benefit customers across the state.
Georgia Power also offers a full suite of home automation solutions, which includes easy access to products and services to help automate customers' homes and make them more energy efficient and connected. The company brings together popular products, including the latest in smart thermostats and smart home products such as smart filters, lighting, door locks, light switches, vents, smoke alarms and doorbells, to a single convenient online portal on Georgia Power Marketplace.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/11/2019Georgia Power offers energy-saving tips to help customers during summer heat wave
Source: PR Newswire
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.
Tips, Tools & Resources
Georgia Power offers efficiency tips, tools and this cost-comparison guide that can help all customers save money and energy throughout the year. Hundreds of easy energy tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save. The website also includes access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses.
Simple summer tips to save money and energy include:
Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizen Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/11/20199/10/2019 - Georgia Power offers energy assistance programs for customers as summer temperatures remain in the 90's
Georgia Power offers energy assistance programs for customers as summer temperatures remain in the 90's
Source: PR Newswire
ATLANTA, Sept. 10, 2019 /PRNewswire/ -- With temperatures across Georgia expected to continue to climb into the 90's through the week, Georgia Power is reminding customers that the company offers energy assistance programs to those in need of help paying or reducing their monthly energy bill.
Assistance when you need it
Georgia Power partners with nonprofits, community and faith-based organizations to offer assistance programs to those in need. Programs include:
Georgia Power has also developed public service announcements (PSAs) to highlight the various assistance and energy efficiency programs available to customers. The PSAs encourage customers to explore www.GeorgiaPower.com/EnergyAssistance to find the best solutions for their individual need. The PSAs can be viewed on the company's YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/10/2019Georgia Power offers energy efficiency programs to help customers reduce the impact of hot weather on power bills
Source: PR Newswire
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.
Energy efficiency programs for the home
Georgia Power is committed to helping customers save money on their energy bills by offering a variety of programs and services that can make their homes more energy efficient.
Hundreds of easy energy tips, whether you own a home or rent, are available at: www.GeorgiaPower.com/Save.
Click here for more home energy efficiency tips from Georgia Power.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/9/2019Georgia Power continues Hurricane Dorian restoration efforts
Source: PR Newswire
ATLANTA, Sept. 5, 2019 /PRNewswire/ -- Georgia Power's restoration efforts are continuing along the Georgia coast as high winds from Hurricane Dorian have resulted in overnight power outages. Nearly 1,500 Georgia Power personnel have been mobilized and are responding to more than 250 individual cases of damage, including broken poles and downed lines, resulting in approximately 15,000 customers without power as of 8 a.m. EDT.
Most of the outages are concentrated in Chatham, Glynn and McIntosh counties. As strong winds continue during the day, additional scattered outages may occur.
Damage assessment teams have re-entered evacuated and affected areas and are relaying critical field information so that restoration teams can be dispatched. As weather conditions improve and tropical storm-force winds subside, crews will work as quickly and safely as possible to repair damage and restore power.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/5/2019Georgia Power crews ready to respond to Hurricane Dorian
Source: PR Newswire
ATLANTA, Sept. 4, 2019 /PRNewswire/ -- As Hurricane Dorian continues to move near the Georgia coast, Georgia Power is ready to respond to power outages as quickly and safely as possible. Georgia Power crews from around the state, in addition to crews from sister companies Alabama Power and Mississippi Power, are mobilizing to enter coastal areas as Dorian passes through.
Georgia Power is monitoring the changing weather around the clock and continues to coordinate with state and local emergency partners, including the Georgia Emergency Management Agency.
The company is also part of a mutual assistance network consisting of hundreds of utilities from around the country. As part of this partnership, Georgia Power is able to tap into reinforcements when needed to restore power quickly to Georgia customers.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/4/2019Georgia Power continues preparations for Hurricane Dorian
Source: PR Newswire
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.
Georgia Power campgrounds available for evacuees
For residents evacuating the coast from Hurricane Dorian, two Georgia Power campgrounds are open at Lake Oconee. The Lawrence Shoals Campground offers full-service campgrounds, primitive campsites, a picnic pavilion, grill and restrooms. Old Salem Campground offers primitive campsites and full-service campgrounds with laundry facilities, restrooms, ice, day-use picnic areas and a dump station. Both campgrounds are handicapped accessible. To check specific availability and to register, call 855-607-6462.
The Mutual Assistance Network
Georgia Power is part of a mutual assistance network consisting of dozens of utilities from around the country. As part of this partnership, Georgia Power line crews provide assistance to other utilities when service to their customers is interrupted due to severe weather. Georgia Power is able to tap into reinforcements when needed to restore power quickly to Georgia customers. The company also has access to resources from its sister power companies in Alabama and Mississippi.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use
Georgia has been impacted by hurricanes in each of the past three years:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/3/20198/30/2019 - Georgia Power prepares for Hurricane Dorian
Georgia Power prepares for Hurricane Dorian
Source: PR Newswire
ATLANTA, Aug. 30, 2019 /PRNewswire/ -- As Hurricane Dorian tracks towards the southeast, Georgia Power is actively monitoring the storm, adjusting plans for response and coordinating with emergency partners, including the Georgia Emergency Management Agency and the National Weather Service.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/30/2019Georgia Power's new Vogtle units approximately 79% complete
Source: PR Newswire
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). The company also cited it expects the project will remain within the current cost forecast.
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. A link to the filing can be found here.
Significant progress continues to be made at the construction site, with the project now approximately 79% complete.
The project met all major milestones in 2018 and met all first and second quarter major milestones for 2019. 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. In addition, the company ordered the first nuclear fuel load for the unit, the first nuclear fuel order to be placed in more than 30 years for a newly-designed reactor in the U.S., marking a major milestone in the project's transition to operations.
Other milestones include:
The project workforce remains at an all-time high with approximately 8,000 workers on site. With more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
VCM process
The company files a VCM report to provide the PSC a detailed update on progress and other information related to the construction of the nation's only new nuclear units. The VCM process includes public hearings held at the PSC, as well as reports filed by the PSC staff's independent construction monitor.
New construction time-lapse video highlights progress since groundbreaking
Georgia Power has released a new video of the nation's only new nuclear units currently under construction. From the removal of four million cubic yards of soil, to historic module and concrete placements, the video includes milestones throughout the project's history. Once completed, units 3 & 4 will generate enough electricity to power approximately 500,000 homes and businesses.
Follow the progress being made at the site with the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected cost and schedule for construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power and its subsidiaries to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
8/30/2019Georgia Power kicks off Labor Day weekend with Water Safety Tips
Source: PR Newswire
ATLANTA, Aug. 27, 2019 /PRNewswire/ -- As the largest non-governmental provider of recreation facilities in the state, Georgia Power is reminding customers and lake visitors to keep water safety top of mind for the Labor Day weekend. With Labor Day weekend a popular time to spend the final days of summer on the water, an influx of boaters and swimmers is expected onto Georgia's lakes. That makes understanding lake conditions and water safety information extremely important.
Drowning is the second leading cause of accidental death for children 1 to 4 years of age, according to the Georgia Department of Public Health and SPLASH, a longstanding Georgia Department of Natural Resources initiative supported by Georgia Power. With the busy Labor Day weekend ahead, Georgia Power encourages visitors to follow these tips from SPLASH when enjoying beaches, pools, lakes, rivers and other bodies of water:
The company also provides water safety tips through its lake safety public service announcement on the Georgia Power YouTube Channel.
Georgia Power provides recreational opportunities year-round for the public at more than 40 sites. The company owns and operates 15 lake properties across Georgia for power generation and resident recreation, making it easy to find a Georgia Power lake nearby.
Find out more by visiting Georgia Power's Lakes & Recreation site. There you will find detailed information about all of the Georgia Power properties, including facilities and amenities, local attractions and water safety information. On the site, visitors can also check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/27/20198/26/2019 - Southern Company announces redemption of Series 2017A Floating Rate Senior Notes due September 30, 2020
Southern Company announces redemption of Series 2017A Floating Rate Senior Notes due September 30, 2020
Source: PR Newswire
ATLANTA, Aug. 26, 2019 /PRNewswire/ -- Southern Company today announced the redemption, on September 30, 2019 (the "Redemption Date"), of all $300 million aggregate principal amount of its Series 2017A Floating Rate Senior Notes due September 30, 2020 (the "Notes").
The redemption price will be 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to the Redemption Date.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/26/2019Georgia Power offers tools and resources to help customers during summer heat wave and safety tips to prepare for severe weather
Source: PR Newswire
ATLANTA, Aug. 19, 2019 /PRNewswire/ -- With temperatures in Georgia surpassing 60 days above 90 degrees since May and with severe thunderstorms in the forecast for this week, Georgia Power is reminding customers of a number of tools to keep safety first and help reduce the impact of the hot weather on power bills.
As part of continued efforts to help customers save energy and money and to prepare for severe weather year-round, the company has made it easy to find energy efficiency solutions and safety tips at www.GeorgiaPower.com.
Tips, Tools & Resources for Energy Efficiency
Georgia Power offers tips, tools and resources that can help all customers save money and energy during the heat of summer, and when severe weather strikes.
Hundreds of useful tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save:
Tips & Resources for Severe Weather Preparation:
With temperatures continuing to rise above 90 degrees, the National Weather Service is forecasting severe weather this week. Georgia Power reminds customers to keep safety first during a storm and offers the following videos and tools to prepare for severe weather year-round:
Georgia Power constantly monitors changing weather conditions and remains prepared to respond to any service interruptions that might occur because of severe weather. Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather.
Customer Resources No Matter the Season
Regardless of the season or the weather, Georgia Power encourages customers to take advantage of these resources to save money and energy throughout the year:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/19/2019Georgia Power offers tools and resources to save money and help reduce the impact of hot weather on power bills
Source: PR Newswire
ATLANTA, Aug. 16, 2019 /PRNewswire/ -- With Georgia expected to surpass 60 days above 90 degrees since May, Georgia Power is reminding customers of a number of tools to help keep their homes cool and reduce the impact of the hot weather on power bills. As part of continued efforts to help customers save energy and money, the company has made it easy to find energy efficiency solutions and advice at www.GeorgiaPower.com.
Tips, Tools & Resources
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.
More simple summer tips to save money and energy include:
The website also includes access to a free online energy checkup and a variety of rebates plus incentives for both homes and businesses.
Online Energy Checkup
Georgia Power's quick and easy online energy checkup provides a customized report to help you understand your energy use and find ways to save money. Energy Checkup can use your actual power bills to give you a customized report. Just enter information about your home and family to measure how you use energy.
Home Energy Improvement Program (HEIP)
The Home Energy Improvement Program (HEIP) helps Georgia Power customers reduce energy use, save on energy costs and improve the indoor air quality and comfort of their homes. Residential customers can earn rebates from Georgia Power for implementing and installing qualifying energy savings improvements.
Simple summer tips to save money and energy include setting manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle. Also, it's important to have your air conditioner professionally serviced to ensure it's running efficiently. Change filters and trim plants around outside units so they can receive proper air flow.
Additionally, Georgia Power's My Power Usage program, a free service-connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans here and at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/16/2019Georgia Power offers tips and information to help customers during summer heat wave
Source: PR Newswire
ATLANTA, Aug. 14, 2019 /PRNewswire/ -- With Georgia experiencing its 57th day of temperatures above 90 degrees since May, Georgia Power urges customers to take action 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.
Tips, Tools & Resources
Georgia Power offers efficiency tips, tools and resources that can help all customers save money and energy throughout the year. Hundreds of easy energy tips, whether you own a home or rent, are available at www.GeorgiaPower.com/Save. The website also includes access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses.
Simple summer tips to save money and energy include:
Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/14/2019Southern Company announces pricing of equity units
Source: PR Newswire
ATLANTA, Aug. 13, 2019 /PRNewswire/ -- Southern Company (NYSE: SO) today announced it has priced its offering of 30 million 2019 Series A Equity Units. Each 2019 Series A Equity Unit will be issued in a stated amount of $50 ($1.50 billion aggregate stated amount) and will consist of a contract to purchase Southern Company common stock in the future, a 1/40 undivided beneficial ownership interest in the company's Series 2019A Remarketable Junior Subordinated Notes due 2024 having a principal amount of $1,000 and a 1/40 undivided beneficial ownership interest in the company's Series 2019B Remarketable Junior Subordinated Notes due 2027 having a principal amount of $1,000. Each of the remarketable junior subordinated notes is subject to remarketing to commence no earlier than April 28, 2022. The offering is expected to close on August 16, 2019, subject to customary closing conditions.
Total annual distributions on the 2019 Series A Equity Units will be at the rate of 6.75 percent, consisting of interest on the Series 2019A Remarketable Junior Subordinated Notes due 2024, interest on the Series 2019B Remarketable Junior Subordinated Notes due 2027 and payments under the related stock purchase contracts. The reference price for the 2019 Series A Equity Units is $57.20 per share. The threshold appreciation price for the 2019 Series A Equity Units is $68.64 per share, which represents a premium of approximately 20 percent over the reference price. Under the purchase contract, holders are required to purchase a variable number of shares of Southern Company common stock no later than August 1, 2022.
The company has granted the underwriters an option to purchase during the 13-day period beginning on, and including, the initial issuance date of the 2019 Series A Equity Units up to 4.5 million additional 2019 Series A Equity Units (an additional aggregate stated amount of $225 million), solely for the purpose of covering over-allotments.
The company expects to use the net proceeds from this offering, which are expected to be approximately $1.46 billion (or approximately $1.68 billion if the over-allotment option is exercised in full), after deducting the underwriting discounts and commissions but before deducting other offering expenses, to repay all or a portion of the company's short-term indebtedness and for general corporate purposes, including investments in the company's subsidiaries.
Goldman Sachs & Co. LLC, Barclays, Citigroup, Morgan Stanley, BNP PARIBAS, BofA Merrill Lynch, J.P. Morgan, Scotia Howard Weil and Wells Fargo Securities are acting as joint book-running managers for the offering.
The offering is being made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. Any offers of the securities will be made exclusively by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, at telephone: 1-866-471-2526, facsimile: 212-902-9316 or by e-mailing prospectus-ny@ny.email.gs.com, Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email: Barclaysprospectus@broadridge.com, Phone: (888) 603-5847, Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 Phone: (800) 831-9146 or Morgan Stanley at 180 Varick Street, 2nd Floor, New York, NY 10014.
Southern Company is an energy company serving 9 million customers through its subsidiaries. The company owns electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a distributed energy infrastructure company, and a fiber optics network and telecommunications services provider.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the planned equity units offering and the use of proceeds from the offering. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Southern Company's credit ratings; and catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences. Southern Company expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Southern Company
Article Date
8/14/2019Stay cool, save money as summer heat wave hits Georgia
Source: PR Newswire
ATLANTA, Aug. 13, 2019 /PRNewswire/ -- With a summer heat wave upon Georgia, Georgia Power urges customers to take action 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.
Tips, Tools & Resources
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. The website also includes access to a free online energy checkup and a variety of rebates plus incentives for both homes and businesses.
Simple summer tips to save money and energy include setting manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle. Also, it's very important to have your air conditioner professionally serviced now to ensure it's running efficiently. Change filters and trim plants around outside units so they can receive proper air flow.
Additionally, Georgia Power's My Power Usage program, a free service-connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/13/20198/12/2019 - Southern Company announces equity units offering
Southern Company announces equity units offering
Source: PR Newswire
ATLANTA, Aug. 12, 2019 /PRNewswire/ -- Southern Company (NYSE: SO) today announced it plans to sell 30 million equity units in a public offering. Each equity unit will be issued in a stated amount of $50 ($1.5 billion aggregate stated amount) and will consist of a contract to purchase Southern Company common stock in the future and two 1/40 undivided beneficial ownership interests in remarketable junior subordinated notes each having a principal amount of $1,000. The company expects to grant to the underwriters an option to purchase an additional 4.5 million equity units ($225 million aggregate stated amount) solely for the purpose of covering over-allotments.
The company intends to use the net proceeds from this offering to repay all or a portion of the company's short-term indebtedness and for general corporate purposes, including investments in the company's subsidiaries.
Goldman Sachs & Co. LLC, Barclays, Citigroup and Morgan Stanley will be joint book-running managers for the offering.
The offering will be made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. Any offers of the securities will be made exclusively by means of a prospectus supplement and accompanying prospectus. Copies of these documents may be obtained by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, at telephone: 1-866-471-2526, facsimile: 212-902-9316 or by e-mailing prospectus-ny@ny.email.gs.com, Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email: Barclaysprospectus@broadridge.com, Phone: (888) 603-5847, Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 Phone: (800) 831-9146 or Morgan Stanley at 180 Varick Street, 2nd Floor, New York, NY 10014.
Southern Company is an energy company serving 9 million customers through its subsidiaries. The company owns electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a distributed energy infrastructure company, a fiber optics network and telecommunications services.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the planned equity units offering and the use of proceeds from the offering. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Southern Company's credit ratings; and catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences. Southern Company expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Southern Company
Article Date
8/12/2019Georgia Power, Georgia 811 team up for National 811 Day
Source: PR Newswire
ATLANTA, Aug. 9, 2019 /PRNewswire/ -- Georgia Power and Georgia 811 have teamed up once again to raise awareness for National 811 Day on August 11 ("8-11"). Employees at Georgia Power's Customer Care Center received a surprise visit today from Digger Dog, Georgia 811's mascot, to help them become more familiar with digging notification requirements. In addition, technicians from the company's underground location team demonstrated the tools and techniques used as they actually located and marked live underground lines onsite at Georgia Power's Customer Care Center.
"The safety of our employees and our communities is our top priority and having Georgia 811 and Digger Dog visit was a great reminder for our team of one way we can help our customers stay safe and prevent costly power outages from digging accidents," said Kevin Kastner, vice president of Customer Services. "This translates into our teammates being able to help customers understand the importance of contacting 811 to have underground power lines and other buried utilities marked before starting digging projects."
Georgia Power works every day with Georgia 811, a nonprofit corporation dedicated to preventing damage to underground utilities and promoting public safety, to ensure that projects are safe and comply with the "Georgia Dig Law." The law requires contact with Georgia 811 before mechanized digging to have buried power, communications, gas and water lines clearly marked, typically with flags, spray paint or both, to help prevent injuries, unintended service disruptions, repair costs and fines. In the first six months of 2019, Georgia Power has responded to approximately 440,000 requests for locating and marking of its underground power lines.
Georgia Power reminds customers of the importance of calling 811 or visiting Georgia811.com, to enter a location request at least two days before they dig. There is no charge for 811 location requests and contacting 811 is also recommended for smaller, manual jobs, such as planting trees, installing fences or mailboxes or other digging activity. Once the request is received, Georgia 811 notifies affected member utility companies, who send a professional technician to identify and mark underground lines.
A Public Safety Announcement (PSA), produced in partnership with Georgia 811, demonstrates how quick and easy it is to have underground lines identified. The PSA, available here for hi-resolution media download in 15- and 30-second versions, can also be viewed on Georgia Power's YouTube page.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/9/2019Georgia Power's Vogtle Unit 3 Moves Closer to Operation as Integrated Flush Begins
Source: PR Newswire
ATLANTA, Aug. 7, 2019 /PRNewswire/ -- Workers at Georgia Power's Vogtle 3 and 4 nuclear expansion near Waynesboro, Georgia, have achieved another major milestone as the process to push water through system piping and mechanical components that feed into the Unit 3 reactor vessel and reactor coolant loops for the first time has begun. Known as integrated flush, this process will clean and remove any foreign material ahead of the initial startup of Unit 3.
"The start of integrated flush is a major step on our path to operations," said Vogtle 3 and 4 Construction Executive Vice President Glen Chick. "Over the next few months we will work through this process to clean and test the system piping and components that feed into the reactor vessel or reactor coolant loops, which is key to ensuring the successful startup of Unit 3."
Significant progress continues to be made at the construction site, with the project now approximately 79 percent complete. Recent milestones have included the placement of the containment vessel middle ring for Unit 4, and the placement of three low-pressure turbine rotors and the generator rotor inside the Unit 3 turbine building.
The project workforce remains at an all-time high with approximately 8,000 workers on site. With more than 800 permanent jobs available once the units begin operating, Vogtle 3 and 4 is currently the largest jobs-producing construction project in the state of Georgia.
New aerial video highlights progress
Georgia Power has released a new aerial video of the nation's only new nuclear units currently under construction. The video provides a bird's-eye view inside the nuclear containment areas of both units, as well as the turbine buildings where electricity will be generated to power approximately 500,000 homes and businesses once the units are completed.
Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, delays, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission ("NRC") necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power and its subsidiaries to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward‐looking information.
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SOURCE Georgia Power
Article Date
8/7/2019Southern Company Names Todd Warren Vice President and Chief Audit Executive
Source: PR Newswire
ATLANTA, Aug. 6, 2019 /PRNewswire/ -- Southern Company today announced that Todd Warren has been named vice president and chief audit executive, effective Aug. 1. In this role, Warren will be responsible for the system-wide internal audit functions and will report to James Y. Kerr II, executive vice president, chief legal officer and chief compliance officer.
Warren has over 21 years of experience assisting energy companies. Most recently, he was a partner at PwC in Atlanta responsible for internal audit, controls, compliance and risk. His broad experience also includes information technology governance, corporate governance, risk management, regulatory compliance, and third-party reporting.
Warren earned his bachelor's degree in accounting and a master's degree in accounting and information systems from the University of Tennessee. He is a Certified Public Accountant (CPA) in the State of Georgia and a Certified Information Systems Auditor (CISA). He also is a member of the American Institute of Certified Public Accountants, the Institute of Internal Audit, and sits on the board of the Women's Resource Center in Georgia.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/6/2019Southern Company reports second-quarter 2019 earnings
Source: PR Newswire
ATLANTA, July 31, 2019 /PRNewswire/ -- Southern Company today reported second-quarter 2019 earnings of $899 million, or 86 cents per share, compared with a loss of $154 million, or 15 cents per share, in the second quarter of 2018. For the six months ended June 30, 2019, Southern Company reported earnings of $2.98 billion, or $2.86 per share, compared with earnings of $784 million, or 77 cents per share, for the same period in 2018.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $833 million, or 80 cents per share, during the second quarter of 2019, compared with $815 million, or 80 cents per share, during the second quarter of 2018. For the six months ended June 30, 2019, excluding these items, Southern Company earned $1.56 billion, or $1.50 per share, compared with earnings of $1.71 billion, or $1.69 per share, for the same period in 2018.
Non-GAAP Financial Measures | Three Months Ended June | Year-to-Date June | |||
Net Income - Excluding Items (in millions) | 2019 | 2018 | 2019 | 2018 | |
Net Income (Loss) - As Reported | $899 | $(154) | $2,982 | $784 | |
Acquisition, Disposition, and Integration Impacts | 18 | 172 | (2,481) | 233 | |
Tax Impact | (67) | 4 | 1,122 | (1) | |
Estimated Loss on Plants Under Construction | 8 | 1,060 | 13 | 1,105 | |
Tax Impact | (2) | (270) | (3) | (281) | |
Wholesale Gas Services | (29) | 32 | (93)
| (108) | |
Tax Impact | 6 | (11) | 23 | 25 | |
Litigation Settlement | - | (24) | - | (24) | |
Tax Impact | - | 6 | - | 6 | |
Earnings Guidance Comparability Items: | |||||
Adoption of Tax Reform | - | - | - | (31) | |
Net Income – Excluding Items | $833 | $815 | $1,563 | $1,708 | |
Average Shares Outstanding – (in millions) | 1,044 | 1,014 | 1,041 | 1,012 | |
Basic Earnings Per Share – Excluding Items | $0.80 | $0.80 | $1.50 | $1.69 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the second quarter 2019 were positively influenced by higher revenues associated with changes in rates and pricing, net of usage changes, as well as warmer than normal weather at Southern Company's regulated utilities. These impacts were partially offset by the impact of divested entities on earnings.
"We are very pleased with our financial and operational performance in the first half of 2019, as our premier, state-regulated electric and gas franchise operations continued to perform well in the second quarter," said Chairman, President and CEO Thomas A. Fanning. "In particular, our electrical system has proved to be very resilient in what has so far been a hot summer in the Southeast."
Second quarter 2019 operating revenues were $5.10 billion, compared with $5.63 billion for the second quarter of 2018, a decrease of 9.4 percent. For the six months ended June 30, 2019, operating revenues were $10.51 billion, compared with $12.00 billion for the corresponding period in 2018, a decrease of 12.4 percent. These decreases were primarily related to a reduction in revenue resulting from the sale of Gulf Power and other assets that are no longer affiliated with Southern Company.
Southern Company's second quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 8 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Southern Company | ||||||||||||||||
Financial Highlights | ||||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||
Net Income–As Reported (See Notes) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
Traditional Electric Operating Companies | $ | 782 | $ | (48) | $ | 1,346 | $ | 563 | ||||||||
Southern Power | 174 | 22 | 230 | 143 | ||||||||||||
Southern Company Gas | 106 | (31) | 376 | 248 | ||||||||||||
Total | 1,062 | (57) | 1,952 | 954 | ||||||||||||
Parent Company and Other | (163) | (97) | 1,030 | (170) | ||||||||||||
Net Income (Loss)–As Reported | $ | 899 | $ | (154) | $ | 2,982 | $ | 784 | ||||||||
Basic Earnings (Loss) Per Share1 | $ | 0.86 | $ | (0.15) | $ | 2.86 | $ | 0.77 | ||||||||
Average Shares Outstanding (in millions) | 1,044 | 1,014 | 1,041 | 1,012 | ||||||||||||
End of Period Shares Outstanding (in millions) | 1,045 | 1,014 | ||||||||||||||
Non-GAAP Financial Measures | Three Months Ended | Year-to-Date | ||||||||||||||
Net Income–Excluding Items (See Notes) | 2019 | 2018 | 2019 | 2018 | ||||||||||||
Net Income (Loss)–As Reported | $ | 899 | $ | (154) | $ | 2,982 | $ | 784 | ||||||||
Acquisition, Disposition, and Integration Impacts2 | 18 | 172 | (2,481) | 233 | ||||||||||||
Tax Impact | (67) | 4 | 1,122 | (1) | ||||||||||||
Estimated Loss on Plants Under Construction3 | 8 | 1,060 | 13 | 1,105 | ||||||||||||
Tax Impact | (2) | (270) | (3) | (281) | ||||||||||||
Wholesale Gas Services4 | (29) | 32 | (93) | (108) | ||||||||||||
Tax Impact | 6 | (11) | 23 | 25 | ||||||||||||
Litigation Settlement5 | — | (24) | — | (24) | ||||||||||||
Tax Impact | — | 6 | — | 6 | ||||||||||||
Earnings Guidance Comparability Items: | ||||||||||||||||
Adoption of Tax Reform6 | — | — | — | (31) | ||||||||||||
Net Income–Excluding Items | $ | 833 | $ | 815 | $ | 1,563 | $ | 1,708 | ||||||||
Basic Earnings Per Share–Excluding Items | $ | 0.80 | $ | 0.80 | $ | 1.50 | $ | 1.69 | ||||||||
-See Notes on the following page. | ||||||||||||||||
Southern Company | |||||||||
Financial Highlights | |||||||||
Notes | |||||||||
(1) | For the three and six months ended June 30, 2019 and 2018, dilution does not change basic earnings per share by more than 2 cents and is not material. | ||||||||
(2) | Earnings for the three months ended June 30, 2019 primarily include a $23 million pre-tax ($88 million after tax) gain on the sale of Southern Power Company's Plant Nacogdoches and a $32 million pre-tax and after-tax goodwill impairment charge in contemplation of the sale of the utility infrastructure services business unit at PowerSecure, Inc. Earnings for the six months ended June 30, 2019 also include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. Earnings for the three months ended June 30, 2018 include: (i) a pre-tax loss of $36 million ($76 million after tax) associated with the sale of Pivotal Home Solutions; (ii) a $119 million pre-tax ($89 million after tax) impairment charge associated with the disposition of Plants Stanton and Oleander; and (iii) $17 million pre-tax ($11 million after tax) of other acquisition, disposition, and integration costs. Earnings for the six months ended June 30, 2018 also include a $42 million (pre tax and after tax) goodwill impairment charge associated with the Pivotal Home Solutions transaction and (ii) an additional $19 million pre tax ($14 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sales of Gulf Power Company and Plant Nacogdoches, as well as the pending sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||
(3) | Earnings for the three and six months ended June 30, 2019 and for the six months ended June 30, 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the three and six months ended June 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. All of these charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | ||||||||
(4) | Earnings for the three and six months ended June 30, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
(5) | Earnings for the three and six months ended June 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||
(6) | Earnings for the six months ended June 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. | ||||||||
Southern Company | ||||||||||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | |||||||||||||||||||
Earnings (Loss) Per Share– | ||||||||||||||||||||||||
As Reported1 (See Notes) | $ | 0.86 | $ | (0.15) | $ | 1.01 | $ | 2.86 | $ | 0.77 | $ | 2.09 | ||||||||||||
Significant Factors: | ||||||||||||||||||||||||
Traditional Electric Operating Companies | $ | 0.82 | $ | 0.77 | ||||||||||||||||||||
Southern Power | 0.15 | 0.09 | ||||||||||||||||||||||
Southern Company Gas | 0.13 | 0.13 | ||||||||||||||||||||||
Parent Company and Other | (0.06) | 1.18 | ||||||||||||||||||||||
Increase in Shares | (0.03) | (0.08) | ||||||||||||||||||||||
Total–As Reported | $ | 1.01 | $ | 2.09 | ||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
Non-GAAP Financial Measures | 2019 | 2018 | Change | 2019 | 2018 | Change | ||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
Excluding Items (See Notes) | $ | 0.80 | $ | 0.80 | $ | — | $ | 1.50 | $ | 1.69 | $ | (0.19) | ||||||||||||
Total–As Reported | $ | 1.01 | $ | 2.09 | ||||||||||||||||||||
Acquisition, Disposition, and Integration Impacts2 | (0.22) | (1.53) | ||||||||||||||||||||||
Estimated Loss on Plants Under Construction3 | (0.77) | (0.81) | ||||||||||||||||||||||
Wholesale Gas Services4 | (0.04) | 0.01 | ||||||||||||||||||||||
Litigation Settlement5 | 0.02 | 0.02 | ||||||||||||||||||||||
Adoption of Tax Reform6 | — | 0.03 | ||||||||||||||||||||||
Total–Excluding Items | $ | — | $ | (0.19) | ||||||||||||||||||||
- See Notes on the following page. | ||||||||||||||||||||||||
Southern Company | |||||||||
Significant Factors Impacting EPS | |||||||||
Notes | |||||||||
(1) | For the three and six months ended June 30, 2019 and 2018, dilution does not change basic earnings per share by more than 2 cents and is not material. | ||||||||
(2) | Earnings for the three months ended June 30, 2019 primarily include a $23 million pre-tax ($88 million after tax) gain on the sale of Southern Power Company's Plant Nacogdoches and a $32 million pre-tax and after-tax goodwill impairment charge in contemplation of the sale of the utility infrastructure services business unit at PowerSecure, Inc. Earnings for the six months ended June 30, 2019 also include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. Earnings for the three months ended June 30, 2018 include: (i) a pre-tax loss of $36 million ($76 million after tax) associated with the sale of Pivotal Home Solutions; (ii) a $119 million pre-tax ($89 million after tax) impairment charge associated with the disposition of Plants Stanton and Oleander; and (iii) $17 million pre-tax ($11 million after tax) of other acquisition, disposition, and integration costs. Earnings for the six months ended June 30, 2018 also include a $42 million (pre tax and after tax) goodwill impairment charge associated with the Pivotal Home Solutions transaction and (ii) an additional $19 million pre tax ($14 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sales of Gulf Power Company and Plant Nacogdoches, as well as the pending sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||
(3) | Earnings for the three and six months ended June 30, 2019 and for the six months ended June 30, 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the three and six months ended June 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. All of these charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | ||||||||
(4) | Earnings for the three and six months ended June 30, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
(5) | Earnings for the three and six months ended June 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||
(6) | Earnings for the six months ended June 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. | ||||||||
Southern Company | ||||
EPS Earnings Analysis | ||||
Description | Three Months Ended | Year-to-Date June | ||
Retail Sales | $(0.03) | $(0.04) | ||
Retail Revenue Impacts | 0.10 | 0.14 | ||
Weather | 0.03 | (0.04) | ||
Wholesale and Other Operating Revenues | 0.01 | 0.03 | ||
Non-Fuel O&M | (0.02) | (0.03) | ||
Interest Expense, Depreciation and Amortization, Other | — | — | ||
Income Taxes | 0.01 | 0.03 | ||
Gulf Power Earnings | (0.04) | (0.08) | ||
Total Traditional Electric Operating Companies | $0.06 | $0.01 | ||
Southern Power | (0.03) | (0.10) | ||
Southern Company Gas | 0.01 | — | ||
Parent and Other | (0.02) | (0.06) | ||
Increase in Shares | (0.02) | (0.04) | ||
Total Change in EPS (Excluding Items) | $— | $(0.19) | ||
Acquisition, Disposition, and Integration Impacts1 | 0.22 | 1.53 | ||
Estimated Loss on Plants Under Construction2 | 0.77 | 0.81 | ||
Wholesale Gas Services3 | 0.04 | (0.01) | ||
Litigation Settlement4 | (0.02) | (0.02) | ||
Adoption of Tax Reform5 | — | (0.03) | ||
Total Change in EPS (As Reported) | $1.01 | $2.09 | ||
- See Notes on the following page. | ||||
Southern Company | ||||||||
EPS Earnings Analysis | ||||||||
Three and Six Months Ended June 2019 vs. June 2018 | ||||||||
Notes | ||||||||
(1) | Earnings for the three months ended June 30, 2019 primarily include a $23 million pre-tax ($88 million after tax) gain on the sale of Southern Power Company's Plant Nacogdoches and a $32 million pre-tax and after-tax goodwill impairment charge in contemplation of the sale of the utility infrastructure services business unit at PowerSecure, Inc. Earnings for the six months ended June 30, 2019 also include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. Earnings for the three months ended June 30, 2018 include: (i) a pre-tax loss of $36 million ($76 million after tax) associated with the sale of Pivotal Home Solutions; (ii) a $119 million pre-tax ($89 million after tax) impairment charge associated with the disposition of Plants Stanton and Oleander; and (iii) $17 million pre-tax ($11 million after tax) of other acquisition, disposition, and integration costs. Earnings for the six months ended June 30, 2018 also include a $42 million (pre tax and after tax) goodwill impairment charge associated with the Pivotal Home Solutions transaction and (ii) an additional $19 million pre tax ($14 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sales of Gulf Power Company and Plant Nacogdoches, as well as the pending sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | |||||||
(2) | Earnings for the three and six months ended June 30, 2019 and for the six months ended June 30, 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the three and six months ended June 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. All of these charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | |||||||
(3) | Earnings for the three and six months ended June 30, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |||||||
(4) | Earnings for the three and six months ended June 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | |||||||
(5) | Earnings for the six months ended June 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. | |||||||
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||
Consolidated Earnings | |||||||||||||||||||||||||||||||||||||||||||||
As Reported | |||||||||||||||||||||||||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||||||||||||||||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | ||||||||||||||||||||||||||||||||||||||||
Income Account- | |||||||||||||||||||||||||||||||||||||||||||||
Retail Electric Revenues- | |||||||||||||||||||||||||||||||||||||||||||||
Fuel | $ | 919 | $ | 1,022 | $ | (103) | $ | 1,723 | $ | 2,049 | $ | (326) | |||||||||||||||||||||||||||||||||
Non-Fuel | 2,621 | 2,718 | (97) | 4,900 | 5,259 | (359) | |||||||||||||||||||||||||||||||||||||||
Wholesale Electric Revenues | 542 | 616 | (74) | 1,041 | 1,239 | (198) | |||||||||||||||||||||||||||||||||||||||
Other Electric Revenues | 161 | 170 | (9) | 331 | 330 | 1 | |||||||||||||||||||||||||||||||||||||||
Natural Gas Revenues | 689 | 706 | (17) | 2,163 | 2,314 | (151) | |||||||||||||||||||||||||||||||||||||||
Other Revenues | 166 | 395 | (229) | 352 | 808 | (456) | |||||||||||||||||||||||||||||||||||||||
Total Revenues | 5,098 | 5,627 | (529) | 10,510 | 11,999 | (1,489) | |||||||||||||||||||||||||||||||||||||||
Fuel and Purchased Power | 1,115 | 1,339 | (224) | 2,135 | 2,707 | (572) | |||||||||||||||||||||||||||||||||||||||
Cost of Natural Gas | 191 | 228 | (37) | 877 | 949 | (72) | |||||||||||||||||||||||||||||||||||||||
Cost of Other Sales | 84 | 279 | (195) | 203 | 568 | (365) | |||||||||||||||||||||||||||||||||||||||
Non-Fuel O & M | 1,316 | 1,523 | (207) | 2,628 | 2,972 | (344) | |||||||||||||||||||||||||||||||||||||||
Depreciation and Amortization | 755 | 783 | (28) | 1,506 | 1,552 | (46) | |||||||||||||||||||||||||||||||||||||||
Taxes Other Than Income Taxes | 299 | 316 | (17) | 628 | 671 | (43) | |||||||||||||||||||||||||||||||||||||||
Estimated Loss on Plants Under Construction | 4 | 1,060 | (1,056) | 6 | 1,105 | (1,099) | |||||||||||||||||||||||||||||||||||||||
(Gain) Loss on Dispositions, net | (8) | 36 | (44) | (2,506) | 36 | (2,542) | |||||||||||||||||||||||||||||||||||||||
Total Operating Expenses | 3,756 | 5,564 | (1,808) | 5,477 | 10,560 | (5,083) | |||||||||||||||||||||||||||||||||||||||
Operating Income | 1,342 | 63 | 1,279 | 5,033 | 1,439 | 3,594 | |||||||||||||||||||||||||||||||||||||||
Allowance for Equity Funds Used During Construction | 31 | 32 | (1) | 63 | 63 | — | |||||||||||||||||||||||||||||||||||||||
Earnings from Equity Method Investments | 33 | 31 | 2 | 81 | 72 | 9 | |||||||||||||||||||||||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 429 | 470 | (41) | 859 | 928 | (69) | |||||||||||||||||||||||||||||||||||||||
Other Income (Expense), net | 99 | 78 | 21 | 176 | 138 | 38 | |||||||||||||||||||||||||||||||||||||||
Income Taxes (Benefit) | 145 | (139) | 284 | 1,505 | (25) | 1,530 | |||||||||||||||||||||||||||||||||||||||
Net Income (Loss) | 931 | (127) | 1,058 | 2,989 | 809 | 2,180 | |||||||||||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||||||||||||||
Dividends on Preferred Stock of Subsidiaries | 3 | 4 | (1) | 7 | 8 | (1) | |||||||||||||||||||||||||||||||||||||||
Net Income Attributable to Noncontrolling | 29 | 23 | 6 | — | 17 | (17) | |||||||||||||||||||||||||||||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO | $ | 899 | $ | (154) | $ | 1,053 | $ | 2,982 | $ | 784 | $ | 2,198 | |||||||||||||||||||||||||||||||||
Notes | |||||||||||||||||||||||||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||||||||||||||||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||
Kilowatt-Hour Sales | |||||||||||||||||||||||
(In Millions of KWHs) | |||||||||||||||||||||||
Three Months Ended June | |||||||||||||||||||||||
As Reported | Adjusted1 | ||||||||||||||||||||||
2019 | 2018 | Change | Weather | 2018 | Change | Weather | |||||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||||
Total Sales | 48,434 | 52,260 | (7.3) | % | 49,289 | (1.7) | % | ||||||||||||||||
Total Retail Sales- | 36,752 | 39,624 | (7.2) | % | (8.5) | % | 36,809 | (0.2) | % | (1.5) | % | ||||||||||||
Residential | 11,520 | 12,691 | (9.2) | % | (11.9) | % | 11,321 | 1.8 | % | (1.0) | % | ||||||||||||
Commercial | 12,386 | 13,373 | (7.4) | % | (8.6) | % | 12,373 | 0.1 | % | (1.3) | % | ||||||||||||
Industrial | 12,662 | 13,363 | (5.2) | % | (5.2) | % | 12,925 | (2.0) | % | (2.0) | % | ||||||||||||
Other | 184 | 197 | (6.2) | % | (6.2) | % | 190 | (3.0) | % | (3.0) | % | ||||||||||||
Total Wholesale Sales | 11,682 | 12,636 | (7.6) | % | N/A | 12,480 | (6.4) | % | N/A | ||||||||||||||
Year-to-Date June | |||||||||||||||||||||||
As Reported | Adjusted1 | ||||||||||||||||||||||
2019 | 2018 | Change | Weather | 2018 | Change | Weather | |||||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||||
Total Sales | 93,601 | 103,104 | (9.2) | % | 97,511 | (4.0) | % | ||||||||||||||||
Total Retail Sales- | 71,117 | 78,014 | (8.8) | % | (7.9) | % | 72,731 | (2.2) | % | (1.3) | % | ||||||||||||
Residential | 22,421 | 25,657 | (12.6) | % | (10.1) | % | 23,072 | (2.8) | % | (0.3) | % | ||||||||||||
Commercial | 23,372 | 25,660 | (8.9) | % | (8.5) | % | 23,814 | (1.9) | % | (1.6) | % | ||||||||||||
Industrial | 24,951 | 26,295 | (5.1) | % | (5.1) | % | 25,458 | (2.0) | % | (2.0) | % | ||||||||||||
Other | 373 | 402 | (7.3) | % | (7.1) | % | 387 | (3.8) | % | (3.6) | % | ||||||||||||
Total Wholesale Sales | 22,484 | 25,090 | (10.4) | % | N/A | 24,780 | (9.3) | % | N/A | ||||||||||||||
Notes | |||||||||||||||||||||||
(1) Kilowatt-hour sales comparisons to the prior year were significantly impacted by the disposition of | |||||||||||||||||||||||
Southern Company | ||||||||||||||
Customers | ||||||||||||||
(In Thousands of Customers) | ||||||||||||||
Period Ended June | ||||||||||||||
2019 | 2018 | Change | ||||||||||||
Regulated Utility Customers- | ||||||||||||||
Total Utility Customers- | 8,477 | 9,276 | (8.6)% | |||||||||||
Total Traditional Electric1 | 4,246 | 4,667 | (9.0)% | |||||||||||
Southern Company Gas2 | 4,231 | 4,609 | (8.2)% | |||||||||||
Notes | ||||||||||||||
(1) Includes approximately 466,000 customers at June 30, 2018 related to Gulf Power Company, which was sold on January 1, 2019. | ||||||||||||||
(2) Includes approximately 407,000 total customers at June 30, 2018 related to Elizabethtown Gas, Elkton Gas, and Florida City Gas, which were sold in July 2018. | ||||||||||||||
Southern Company | |||||||||||||||||||||||
Financial Overview | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended | Year-to-Date | ||||||||||||||||||||||
2019 | 2018 | % Change | 2019 | 2018 | % Change | ||||||||||||||||||
Southern Company1 – | |||||||||||||||||||||||
Operating Revenues | $ | 5,098 | $ | 5,627 | (9.4) | % | $ | 10,510 | $ | 11,999 | (12.4) | % | |||||||||||
Earnings (Loss) Before Income Taxes | 1,076 | (266) | N/M | 4,494 | 784 | N/M | |||||||||||||||||
Net Income (Loss) Available to Common | 899 | (154) | N/M | 2,982 | 784 | N/M | |||||||||||||||||
Alabama Power – | |||||||||||||||||||||||
Operating Revenues | $ | 1,513 | $ | 1,503 | 0.7 | % | $ | 2,921 | $ | 2,976 | (1.8) | % | |||||||||||
Earnings Before Income Taxes | 388 | 326 | 19.0 | % | 671 | 636 | 5.5 | % | |||||||||||||||
Net Income Available to Common | 296 | 259 | 14.3 | % | 513 | 484 | 6.0 | % | |||||||||||||||
Georgia Power – | |||||||||||||||||||||||
Operating Revenues | $ | 2,117 | $ | 2,048 | 3.4 | % | $ | 3,951 | $ | 4,008 | (1.4) | % | |||||||||||
Earnings (Loss) Before Income Taxes | 577 | (539) | N/M | 970 | (94) | N/M | |||||||||||||||||
Net Income (Loss) Available to Common | 448 | (396) | N/M | 759 | (44) | N/M | |||||||||||||||||
Mississippi Power – | |||||||||||||||||||||||
Operating Revenues | $ | 313 | $ | 297 | 5.4 | % | $ | 600 | $ | 598 | 0.3 | % | |||||||||||
Earnings Before Income Taxes | 42 | 60 | (30.0) | % | 86 | 49 | 75.5 | % | |||||||||||||||
Net Income Available to Common | 37 | 46 | (19.6) | % | 74 | 39 | 89.7 | % | |||||||||||||||
Southern Power1 – | |||||||||||||||||||||||
Operating Revenues | $ | 510 | $ | 555 | (8.1) | % | $ | 953 | $ | 1,064 | (10.4) | % | |||||||||||
Earnings (Loss) Before Income Taxes | 152 | (28) | N/M | 170 | (12) | N/M | |||||||||||||||||
Net Income Available to Common | 174 | 22 | N/M | 230 | 143 | 60.8 | % | ||||||||||||||||
Southern Company Gas1 – | |||||||||||||||||||||||
Operating Revenues | $ | 689 | $ | 730 | (5.6) | % | $ | 2,163 | $ | 2,369 | (8.7) | % | |||||||||||
Earnings Before Income Taxes | 112 | 24 | N/M | 459 | 407 | 12.8 | % | ||||||||||||||||
Net Income (Loss) Available to Common | 106 | (31) | N/M | 376 | 248 | 51.6 | % | ||||||||||||||||
N/M - not meaningful | |||||||||||||||||||||||
Notes | |||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||||||||||||||
(1) | Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company's ownership interest in Plants Oleander and Stanton on December 4, 2018; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) the disposition of Gulf Power Company on January 1, 2019. | ||||||||||||||||||||||
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SOURCE Southern Company
Article Date
7/31/2019Georgia Power orders first fuel load for Vogtle Unit 3
Source: PR Newswire
ATLANTA, July 30, 2019 /PRNewswire/ -- Georgia Power has ordered the first nuclear fuel load for Vogtle Unit 3, the first nuclear fuel order to be placed in more than 30 years for a newly-designed reactor in the U.S. The fuel order marks another significant milestone at the Vogtle nuclear expansion near Waynesboro, Georgia.
Consisting of 157 fuel assemblies with each measuring 14 feet tall, the fuel will eventually be loaded into the Unit 3 reactor vessel to support startup once the reactor begins operating. After this initial fueling, approximately one third of the total fuel assemblies will be replaced during each refueling outage after the units begin operating, similar to the process used at existing Vogtle units 1 and 2.
The fuel order for Vogtle Unit 3 comes just months after the placement of the containment vessel top, which was witnessed by U.S. Energy Secretary Rick Perry, Georgia Governor Brian Kemp, U.S. Agriculture Secretary Sonny Perdue, North America's Building Trades Unions President Sean McGarvey, members of Congress and all five members of the Georgia Public Service Commission, signifying that all modules and large components have been placed inside the unit.
In addition, the placement of three low-pressure turbine rotors and the generator rotor inside the Unit 3 turbine building have also been completed. The turbine rotors, weighing approximately 200 tons each and rotating at 1,800 revolutions per minute, will pass steam through the turbine blades to power the generator and supply electricity to the grid. The high-pressure turbine rotor will be installed in the coming weeks.
The generator rotor is the moving component of the electromagnetic system of the electric generator. As the turbines rotate, they turn the generator rotor. The generator rotor is surrounded by the generator stator that work together creating an electromagnetic field to generate electricity.
Significant progress continues to be made at the construction site as the project workforce remains at an all-time high with approximately 8,000 workers on site. With more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with new aerial photos, including the Unit 3 containment vessel top now in place, on the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/30/2019Southern Power announces partnership with esVolta for energy storage projects
Source: PR Newswire
ATLANTA, July 26, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced its partnership with esVolta, a prominent developer and owner of lithium-ion battery storage projects. The partnership includes up to four utility-scale energy storage projects located in California totaling more than 86 megawatts (MW) and 345-megawatt hours (MWh). The company's investment in one project has closed, and three others are subject to completion.
"Battery storage is an emerging technology with the potential to revolutionize how energy is supplied," said Southern Power President Bill Grantham. "These projects and our partnership with esVolta are a great strategic fit for our business, and these transactions will further position Southern Power to meet our customers' needs as the energy industry continues to evolve."
With increasing demand for energy storage solutions, the partnership with esVolta supports Southern Power's growth and low-risk business strategy of developing or acquiring interests in projects covered by long-term contracts.
"The consummation of our new partnership with Southern Power represents a tremendous milestone for esVolta," said esVolta Founder and President, Randolph Mann. "Southern Power is an outstanding company and a leader in the U.S. electricity sector. Our collaboration will enhance esVolta's ability to capitalize on the strong growth of the energy storage business, and we are excited to work alongside the outstanding team at Southern Power to bring additional high-quality utility-scale storage projects to fruition for our utility customers."
Southern Company is committed to providing clean, safe, reliable and affordable energy, with a goal of transitioning to low- to no-carbon operations by 2050. A low-carbon future will require the integration of cost-effective energy storage with intermittent renewable generation.
esVolta was advised on the transaction by Javelin Capital.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 49 facilities operating or under development in 12 states with more than 11,200 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About esVolta, LP
esVolta is a developer, owner and operator of utility-scale energy storage projects across North America. The company's portfolio of operational plus contracted projects exceeds 500 MWh of capacity, and the firm is developing a large pipeline of future storage projects. esVolta is supported by a long-term strategic procurement arrangement with Powin Energy Corporation. More information about esVolta is available at www.esVolta.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of the transactions described herein and Southern Company's long-term goal of low- to no-carbon operations. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any environmental performance standards and the requirements of any tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Power
Article Date
7/26/2019Georgia Power, PulteGroup celebrate opening of Atlanta's first Smart Neighborhood(TM)
Source: PR Newswire
ATLANTA, July 25, 2019 /PRNewswire/ -- Georgia Power and PulteGroup are celebrating the opening of Atlanta's first Smart Neighborhood™. Leaders from Georgia Power, PulteGroup, the Georgia Public Service Commission, U.S. Department of Energy, City of Atlanta and the project's technology partners joined together to officially open the neighborhood today at PulteGroup's development in Atlanta's Upper West Side, one of the city's most vibrant and popular areas.
"The Smart Neighborhood will allow Georgia Power to continue to be at the forefront in offering innovative solutions that help our customers more efficiently manage their energy usage," said Paul Bowers, chairman, president and CEO for Georgia Power. "The research, insights and learnings we receive from these homes will help us better understand the interactions between rooftop solar, in-home battery storage, energy efficiency measures and our electric grid – maximizing the value of renewable energy and shaping how we grow our smart home offerings for customers."
The first 46 townhomes developed at Altus at the Quarter will be a part of the Georgia Power Smart Neighborhood, where each technology-enhanced home will be served by Georgia Power and supplemented by rooftop solar installations and in-home battery energy storage.
The homes will feature Pulte's Hutton and Summerford floor plans. The four-story townhomes span 2,800+ sq. ft. and feature three to four bedrooms and a two-car garage. They will be equipped with the latest energy technologies such as optimal insulation for maximum efficiency, advanced heating and cooling systems, LED lighting, electric vehicle chargers, and home automation featuring smart thermostats, smart locks, smart light switches, smart outlets, outdoor cameras and voice control. With the additional insulation and rooftop solar, the homes will have a home energy rating system (HERS) score in the high 30s compared to the average HERS score of high 70s for single family homes built in 2017.
"In developing Atlanta's first Smart Neighborhood, we are further demonstrating our commitment to product innovation and sustainable building practices," said PulteGroup President and Chief Executive Officer Ryan Marshall. "This partnership with Georgia Power provides us with a unique opportunity to introduce innovative solutions that create lasting benefits for homeowners and the environment."
Main features in the Georgia Power Smart Neighborhood home include:
Energy Efficiency
Home Automation
Battery Storage
For a full list of the Georgia Power Smart Neighborhood technology and partners, visit www.georgiapower.com/smartneighborhood.
Georgia Power is also collaborating with Southern Company Research and Development (R&D) to better understand the integration between rooftop solar, in-home battery storage and the traditional electric grid as well as how homeowners interact with their connected devices and high efficiency technologies. The project's additional research partners include the U.S. Department of Energy's Oak Ridge National Laboratory, who developed the Smart Neighborhood's home energy optimization platform to intelligently schedule each homes' major appliances, in coordination with solar and batteries, to minimize cost while optimizing each homeowner's comfort. Additionally, the Electric Power Research Institute (EPRI) is providing design guidance, data analysis and final reports for the Smart Neighborhood project.
"I want to applaud Southern Company and Georgia Power, Pulte Homes, and the many other individuals involved in making today possible. This is the culmination of a lot of hard work and I know that in many ways, it's also just the beginning. The Georgia Power Smart Neighborhood at Altus at the Quarter is an example of the future of American energy and innovation. This project leverages the resources of the public sector with the ingenuity and nimbleness of the private sector. It relies on cutting-edge technology that enhances energy efficiency," said Under Secretary of Energy Mark W. Menezes.
Georgia Power offers a full suite of smart-home options, which includes easy access to products and services to help make customers' homes more energy efficient and connected. The company brings together popular products in the Smart Neighborhood, including the latest in smart thermostats and smart home products such as smart filters, lighting, door locks, light switches, vents, smoke alarms and doorbells, to a single convenient online portal on Georgia Power Marketplace.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods and American West, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide homebuyers with innovative solutions and consumer inspired homes and communities to make lives better.
For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.jwhomes.com; and www.americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.
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SOURCE Georgia Power
Article Date
7/25/2019Southern Company Scores 100 Percent on Disability Equality Index
Source: PR Newswire
ATLANTA, June 24, 2019 /PRNewswire/ -- The Disability Equality Index (DEI) has rated Southern Company as one of the "Best Places to Work for Disability Inclusion." The DEI is a joint initiative between American Association of People with Disabilities (AAPD) and Disability:IN that measures policies and practices on a scale from 0 to 100 with a score of 100 awarded only to those companies deemed most inclusive.
Since the DEI's inception in 2015, Southern Company has been listed among the top-ranked companies every year and has earned a perfect score for the past three years.
"Creating a workplace in which every employee can reach his or her full potential is a priority at Southern Company," said Sloane Drake, senior vice president of human resources for Southern Company and Georgia Power. "We are pleased to receive this meaningful distinction which recognizes our efforts to create an inclusive environment for all employees through such efforts and initiatives as employee resource groups, talent acquisition and supplier diversity."
Southern Company earned a 100 percent score reflecting a strong alignment with leading disability-inclusion practices. Specifically:
"The DEI is designed to promote and advance disability inclusion practices and policies within corporate America that lead to better employment outcomes for and inclusion of people with disabilities, as employees, customers and suppliers," said Jill Houghton, president and CEO of Disability:IN. "When businesses include people with disabilities, everybody wins."
As the nation's most trusted comprehensive benchmarking tool for disability inclusion, the DEI provides an objective assessment of overall business practices. The 2019 DEI Report dives deeper into the insights of the 2019 DEI results and can be accessed here: www.DisabilityIN.org/DEIReport2019.
About Southern Company:
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About the Disability Equality Index (DEI):
The Disability Equality Index (DEI) is a joint initiative of the American Association of People with Disabilities (AAPD) and Disability:IN. Developed by the DEI Advisory Committee, a diverse group of business leaders, policy experts, and disability advocates, the DEI is a national, transparent, annual benchmarking tool that offers businesses an opportunity to receive an objective score, on a scale of zero (0) to 100, on their disability inclusion policies and practices.
The DEI is an aspirational, educational, recognition tool that is intended to help companies identify opportunities for continued improvement and help build a company's reputation as an employer of choice.
The Disability Equality Index (DEI) brings together AAPD, the nation's largest disability rights organization, and Disability:IN, the leading national business-to-business network, to collectively advance the inclusion of people with disabilities. The organizations are complimentary and bring unique strengths that make the project relevant and credible to corporate America and the disability community.
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SOURCE Southern Company
Article Date
7/24/2019Southern Company names Dr. Mark S. Berry as head of research and development group
Source: PR Newswire
ATLANTA, July 18, 2019 /PRNewswire/ -- Southern Company today announced that Dr. Mark S. Berry, currently vice president of Environmental & Natural Resources for Georgia Power, will be adding the position of vice president of Southern Company Services Research & Development, effective August 6th. In a dual role, Dr. Berry will continue to lead Georgia Power's Environmental & Natural Resources organization while also leading Southern Company's research and development activities.
Dr. Berry began his career in the Research & Environmental Affairs organization in 1996 as an intern. Over his career he has held positions of increasing responsibility, including director of Research & Technology Management. After a stint outside of Southern Company as a research director at the Southern Research Institute and the Electric Power Research Institute, Dr. Berry rejoined Southern Company in 2015 as vice president of Environmental Affairs at Georgia Power.
He holds a bachelor's degree in mathematics from Alabama A&M University and a bachelor's and master's degree in mechanical engineering and a Ph.D. in interdisciplinary engineering from the University of Alabama at Birmingham. He also earned a master's degree in public and private management from Birmingham Southern College and is a registered professional engineer in the State of Alabama.
For five decades, Southern Company's research and development organization has been leading industry innovation and leveraging research grants to deliver value to customers. In its 50th year, Southern Company research and development continues to serve customers by developing low-carbon generation technologies, advancing distributed energy solutions, modernizing the grid, promoting a culture of sustainability and developing new business models.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/18/2019Georgia set to be a leader in energy storage in the Southeast: Georgia Power to own and operate 80 MW of battery energy storage
Source: PR Newswire
ATLANTA, July 16, 2019 /PRNewswire/ -- The State of Georgia is positioned to become a leader in battery energy storage in the Southeast with Georgia Power's planned investment to own and operate 80 megawatts (MW) of battery energy storage. The company's 2019 Integrated Resource Plan (IRP), unanimously approved today by the Georgia Public Service Commission (PSC), includes energy storage, 72 percent more renewable generation by 2024, and approval of the company's environmental compliance strategy.
"Working with the Georgia PSC, we are positioning Georgia as a leader in the Southeast in battery energy storage, which is critical to growing and maximizing the value of renewable energy for customers as we increase our renewable generation by 72 percent by 2024," said Allen Reaves, Georgia Power's senior vice president and senior production officer. "Through the IRP process, Georgia Power will continue to invest in a diverse energy portfolio including the development of renewable resources in a way that benefits all customers to deliver clean, safe, reliable energy at rates that are well below the national average."
Under the approved IRP, Georgia Power will:
Energy Efficiency Programs
The plan also includes energy efficiency targets 15 percent more than those approved in previous IRPs, while adding new, innovative energy-saving programs for both residential and commercial customers. New energy efficiency programs for customers approved in this plan, include:
Additionally, the company is expanding assistance to income-qualified customers by increasing the annual funding for the HopeWorks low-income weatherization program by more than 60 percent.
Integrated Resource Plan Process
Georgia Power's IRP, which outlines how the company will continue to deliver clean, safe, reliable and affordable energy to its 2.6 million customers over the next 20 years, is filed every three years with the Georgia PSC. The 2019 plan was a result of the in-depth IRP process, which includes projections of future fuel costs, load and energy forecasts, an analysis of available generation technologies, the 10-year transmission plan, and an economic assessment of potential and proposed energy efficiency and demand response programs. The company also evaluated the cost-effectiveness of its generating resources given changing environmental regulations and emerging technologies and discussed the growing importance of resilience to the electric system.
To learn more about how Georgia Power is meeting the needs of customers through a diverse, balanced energy portfolio, visit www.GeorgiaPower.com.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits (RECs) is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day, and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction, ranking the company number one in business and residential customer satisfaction in the South for 2018. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning customer rates and execution of the IRP, including future generation sources and capacity, unit retirements, and energy efficiency programs. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings or inquiries; the effects, extent and timing of the entry of additional competition in the markets in which Georgia Power operates, including from the development and deployment of alternative energy sources; variations in demand for electricity; available sources and costs of fuels; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities, to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; advances in technology; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the ability of Georgia Power to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating resources. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
7/16/2019Peter P. Sena III Named Southern Nuclear Chief Nuclear Officer
Source: PR Newswire
BIRMINGHAM, Ala., July 16, 2019 /PRNewswire/ -- Southern Nuclear Chairman, President and CEO Stephen Kuczynski announced today that Peter P. Sena, III has been selected as Southern Nuclear executive vice president and chief nuclear officer (CNO). He will be responsible for the overall performance of Southern Nuclear's six operating units. Sena's first day will be Monday, July 29.
"Southern Nuclear is committed to operating our facilities at the highest level to serve our customers with clean, safe, reliable and affordable energy, and Pete's demonstrated commitment to high standards will help us deliver on that promise," said Kuczynski. "His history of building and leading high-performing organizations will strengthen our ability to meet our vision of achieving and sustaining excellence and will ultimately underscore nuclear energy's role as an essential part of America's low-carbon future."
Sena previously served as president and CNO for PSEG Nuclear and as CNO of FirstEnergy. Under his leadership at each company, stations achieved and sustained the highest levels of performance. In addition, he has held multiple plant and industry leadership roles throughout his career, including at the Nuclear Regulatory Commission and as an officer in the U.S. Naval Nuclear Propulsion Program.
Sena earned his bachelor of science degree from Pennsylvania State University and has two senior reactor operator licenses. He currently serves on Auburn University's Nuclear Engineering Advisory Board and in executive leadership roles for Nuclear Energy Institute, the policy organization for the nuclear technologies industry.
Southern Nuclear, a subsidiary of Southern Company, operates a total of six nuclear power plant units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Alabama, the Edwin I. Hatch Nuclear Plant near Baxley, Georgia, and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Georgia. With a mission to provide clean, safe, reliable and affordable energy for future generations, Southern Nuclear is committed to being a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2019, the company won two Top Innovative Practice (TIP) awards, the industry's highest honor for excellence in research and performance. One award was for the loading of a partial accident tolerant fuel assembly at Plant Hatch and the other was for the loading of a complete accident tolerant fuel assembly at Plant Vogtle. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
7/16/20197/15/2019 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, July 15, 2019 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 62 cents per share on the company's common stock, payable September 6, 2019, to shareholders of record as of August 19, 2019. Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/15/20197/10/2019 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., July 10, 2019 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending September 30, 2019, payable October 1, 2019, to shareholders of record on September 16, 2019.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
7/10/2019Georgia Power names Jason Cuevas Northeast Region Vice President
Source: PR Newswire
ATLANTA, July 8, 2019 /PRNewswire/ -- Georgia Power's Board of Directors has elected Jason Cuevas as vice president for the company's Northeast Region, effective immediately. In this role, he will lead external activities for 368,000 customers in a 39-county area, which includes Athens, Gainesville, Milledgeville, Augusta, and the state's largest jobs-producing construction project, Plant Vogtle Units 3 & 4. In addition, he will provide leadership and support for power delivery, customer service, sales and community and economic development efforts in the region.
"Jason's extensive experience and industry knowledge make him well qualified to lead our efforts to safely deliver reliable energy, innovative solutions and superior customer value," said Pedro Cherry, executive vice president of Customer Service and Operations for Georgia Power. "His leadership will be instrumental in promoting the communities we serve throughout the region."
Cuevas comes from Columbus, Georgia, where he provided overall leadership for the company's operations, sales, customer experience, economic and community development, and external affairs activities for more than 160,000 customers across a 24-county area that includes the cities of Columbus, LaGrange, Griffin, Perry/Warner-Robins and Dublin. He began his career with Southern Company in 2006 as a media relations manager. In 2011, he joined Georgia Power as the vice president of Corporate Communication, where he directed the company's advertising, creative and digital communication, employee communication, media relations and social media initiatives.
He earned a bachelor's degree in communication from Loyola University New Orleans and a Master of Business Administration from the University of Georgia. He has served as chair of the board of directors of the Greater Columbus Chamber of Commerce; vice-chair of Columbus 2025; and was a member of the Development Authority of Columbus. In addition, he served as a trustee and member of the Finance Committee of the Columbus Technical College Foundation and serves on the board of directors of the Latin American Chamber of Commerce of Georgia.
Fran Forehand, Georgia Power's previous Northeast Region vice president, has assumed the role of Mississippi Power's Vice President of Customer Service and Operations. In her new role, she will be responsible for operating and maintaining a reliable electric system that serves 188,000 customers across 23 counties in southeast Mississippi.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/8/2019Southern Company second-quarter earnings to be released July 31
Source: PR Newswire
ATLANTA, July 8, 2019 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2019 by 7 a.m. ET on Wednesday, July 31.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. ET on Wednesday, July 31.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/8/2019Southern Company Gas local distribution companies named Top Trusted Business Partners among utilities
Source: PR Newswire
ATLANTA, July 3, 2019 /PRNewswire/ -- Two Local Distribution Companies (LDCs) from Southern Company Gas have been named among the Most Trusted Business Partners in the utility industry for 2019, according to a Cogent Syndicated study by Escalent, formerly Market Strategies International. As two of the top business partners across the U. S., Chattanooga Gas Company and Virginia Natural Gas continue to be industry leaders in business customer engagement and satisfaction.
"To continue to be a leader in the industry, we believe we must put our customers at the center of everything we do at Southern Company Gas. That commitment is certainly reflected in these results," said Kim Greene, chairman, president and CEO of Southern Company Gas. "While we're proud of these honors, we realize this continued focus is essential to future success. We'll continue to aggressively search for even better ways to serve our customers."
The Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Business study from Escalent, a top human behavior and analytics firm, measures overall business customer engagement performance based on three core components – brand trust, product experience and service satisfaction. Escalent conducted the survey from among 12,000 utility business customers who responded to the web-based survey of the 78 largest electric, natural gas and combination utility companies across the country.
This is the first year that Southern Company Gas LDCs have participated in this study. Chattanooga Gas Company (CGC) ranked second among all utilities and first in the South region, while Virginia Natural Gas (VNG) ranked seventh among all utilities, and fourth in the South region. Both CGC and VNG were ranked among the Top 20 Business Partners nationally. A third LDC, Nicor Gas, participated in the study and was ranked ninth in the Midwest region among its peers.
For information about Southern Company Gas, visit southerncompanygas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 700,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
About Chattanooga Gas
Chattanooga Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Chattanooga Gas provides retail natural gas sales and transportation services to approximately 66,000 customers in Hamilton and Bradley counties in southeast Tennessee. The Chattanooga Gas service area includes the communities of Chattanooga, Cleveland, Red Bank, East Ridge, Lookout Mountain and Signal Mountain. For more information, please see chattanoogagas.com.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia. Virginia Natural Gas has been recognized as one of the safest, most reliable and customer-focused natural gas service providers and is consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates. In 2018, Virginia Natural Gas was named Local Distribution Company of the Year by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association for the third consecutive year. For more information, visit virginianaturalgas.com and connect with the company on Facebook, Twitter and Instagram.
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.
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SOURCE Southern Company Gas
Article Date
7/3/2019Significant progress continues at Georgia Power's Vogtle 3 & 4 project
Source: PR Newswire
ATLANTA, July 1, 2019 /PRNewswire/ -- Georgia Power announced today several key milestones at the Vogtle nuclear expansion near Waynesboro, Georgia, including the placement of the middle containment vessel ring for Unit 4. The containment ring is part of the structure that houses the reactor vessel.
Weighing more than a jumbo jet, the 2.4 million-pound, 51-foot tall containment vessel ring consists of dozens of individual steel plates and was fabricated on site. The middle ring is the second of three containment vessel rings to be set for Unit 4. Learning from previous ring placements, the construction team gained efficiencies by installing over 400 electrical and piping supports inside of the middle ring before it was placed.
Click here to view a time-lapse video of the placement. The final containment vessel ring for Unit 4 is expected to be placed later this year.
Additionally, a placement of more than 930 cubic yards of concrete was completed inside the Unit 3 shield building. The Unit 3 shield building is now more than 80 percent complete as the construction team moves closer to completion of the protective barrier that surrounds the Unit 3 containment vessel.
The shield building is made of steel and concrete in what is known as a steel composite design. The panels are a unique feature of the AP1000 reactor design at the Vogtle nuclear expansion, providing an additional layer of safety around the containment vessel and protecting it from any potential impacts. Four of seven air inlet assemblies have been placed above the shield building panels. Each weighing up to 220,000 pounds, the air inlets are part of the AP1000's passive safety system, allowing natural air circulation around containment through several openings to help with the cooling process.
Workers have also successfully set the fourth and final core make-up tank for the Vogtle 3 & 4 project. Placed inside the Unit 4 containment vessel, the 330,000-pound, stainless-steel tank is part of the safety core cooling system to keep the reactor vessel cool using gravity and natural water circulation.
In addition, the final section of the steel floor that sits atop the in-containment refueling water storage tank (IRWST) has been set inside the Unit 4 containment vessel. The IRWST contains more than 500,000 gallons of borated water and provides heat removal from the reactor without operator action.
Workforce reaches all-time high
The Vogtle 3 & 4 workforce continues to grow as more than 400 craft workers, mostly pipefitters and electricians, joined the project in June.
The project has reached an all-time high with approximately 8,000 workers now currently on site. With more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with the latest photos at Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/1/2019Georgia Power kicks off July 4th holiday with water safety tips
Source: PR Newswire
ATLANTA, July 1, 2019 /PRNewswire/ -- As Georgians prepare to celebrate the July 4th holiday this week, Georgia Power reminds boaters and swimmers to keep water safety in mind for the start of the July 4th holiday.
Tips from Georgia Power to stay safe on the lake this week and all summer long:
For more information about Georgia Power's lakes, visit www.georgiapowerlakes.com. In addition to detailed information about all of Georgia Power's properties, including facilities and amenities, local attractions and water safety information, the site allows visitors to check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
Georgia Power provides recreational opportunities year-round for the public at more than 40 sites. The company owns and operates 15 lake properties across Georgia for power generation and resident recreation, making it easy to find a Georgia Power lake near you.
For additional water safety tips, visit Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/1/2019Georgia Power investing billions in Georgia's energy future; requests funding for grid improvements, storm restoration, environmental programs
Source: PR Newswire
ATLANTA, June 28, 2019 /PRNewswire/ -- Georgia Power today filed a request with the Georgia Public Service Commission (PSC) to increase customer rates by approximately 7% in 2020 to enable the company to continue making investments in Georgia's energy future. In the filing, the company highlights nearly $18 billion in recent and future investments being made to strengthen the reliability and resiliency of the state's electrical system and to comply with federal regulations. The company is also requesting to rebuild its storm restoration fund after more than 50 severe weather events have impacted its network in recent years, including historic storms such as Hurricanes Michael, Irma, and Matthew, and Ice Storm Pax. The filing also details costs of the company's environmental compliance programs, including efforts to help protect air and water quality. Additionally, the company is seeking to extend and expand its current suite of rate plans and enhance its payment options, including continuing to offer the low-income senior citizen discount, adding a Pay-by-Day rate plan and eliminating certain fees.
As outlined in the filing, the typical residential customer using 1,000 kilowatt-hours per month would see an increase of $9.78 per month on their bill. A final decision by the PSC is expected in December.
For nearly 30 years, the company's rates have increased less than the rate of inflation and customers pay less today, and will pay less after the requested increase, than they paid in 1990 on an inflation-adjusted basis. Georgia Power's prices are 16% below the national average and residential customers currently pay less than $1 more per month today than they did in 2011. Georgia Power has not had a rate case filing in the last six years.
Georgia Power's investments include:
Infrastructure – Since 2013, Georgia Power has invested more than $4.1 billion in expanding transmission and distribution infrastructure, strengthening the reliability and resiliency of the electric grid, and plans to invest an additional $1.3 billion in a grid investment plan over the next three years. The company has worked to replace aging transmission assets and deploy automation technologies across the grid to reduce outage time. A few examples of this investment include:
Future investments through the company's Grid Investment Plan include rebuilding 380 substations, 1,000 miles of wire and 800 distribution feeders, commonly referred to as circuits, to continue strengthening transmission and distribution infrastructure.
Storm restoration – Georgia Power is seeking to rebuild its storm restoration fund after more than 50 severe weather events, including multiple historic storms, impacted the company's network and more than 1.5 million customers over the last six years. These storms not only depleted the storm restoration fund but they also created an additional $450 million in restoration costs not currently covered in rates. The most significant included Hurricane Michael (2018), Hurricane Irma (2017), Hurricane Matthew (2016) and Ice Storm Pax (2014).
Environmental programs – Since 2013, Georgia Power has invested more than $2 billion in environmental compliance programs to meet state and federal environmental requirements.
Rate Plans and Options
Georgia Power offers a suite of rate plans and payment options to fit customers' budgets and lifestyles. As part of this request, the company is seeking to continue and expand its options for customers, including:
Today, the company currently offers six residential rate plans, including Smart Usage, FlatBill®, Plug-In Electric Vehicle, Nights & Weekends, PrePay and the traditional Residential Service plan. Customers also have options when it comes to paying their bills, including paying online or through the company's mobile app, at one of 4,000 authorized payment locations, over the phone, by mail or by setting up auto pay.
Providing customers a range of payment options has contributed to Georgia Power's consistent recognition by J.D. Power since 2013 for excellence in customer satisfaction, ranking number one in the Electric Utility Customer Satisfaction annual rankings for both Business and Residential customers for large utilities in the South.
For more on the company's current rate plans and payment options, visit georgiapower.com/residential.
Income-Qualified Assistance Programs
Georgia Power will continue to help income-qualified customers with specially designed programs and resources to aid them in lowering and paying their bill. These programs include Project SHARE, the Low-Income Home Energy Assistance Program, an income-qualified senior citizen discount, the HopeWorks low-income weatherization program, and the Income Qualified Energy Efficiency Program, which is subject to PSC approval. Program details are available at georgiapower.com/energyassistance.
Maintaining a Diverse Energy Mix
In January, Georgia Power filed its 2019 Integrated Resource Plan (IRP) with the PSC, outlining how it proposes to continue to deliver clean, safe, reliable and affordable energy to its 2.6 million customers over the next 20 years.
The company will continue to invest in a diverse mix of energy resources, including renewable energy. Working with the PSC, the company has diversified its portfolio through the development of renewable resources in a way that benefits all customers and has positioned the company as a national leader in solar and renewable energy growth. Georgia Power currently has one of the largest voluntary renewable portfolios in the country with more than 1,500 megawatts (MW)* of renewable resources online and an additional 1,600 MW* under development. Combined with the renewable programs requested through the 2019 IRP, and subject to PSC approval, Georgia Power plans to have more than 4,750 MW* of renewable energy resources in its portfolio by the end of 2024.
The 2019 IRP proposes energy efficiency targets similar to those approved in previous IRPs, while adding new, innovative energy-saving programs for both residential and commercial customers. By 2022, these programs, along with existing demand response programs, are designed to help reduce peak demand approximately 1,600 MW, which is 10% of the company's current peak demand
Georgia Power is also seeking approval through the IRP process to own and operate 80 MW of battery energy storage systems, which are critical to maximizing the value of renewable energy resources. The company seeks this opportunity to demonstrate the deployment, integration, operation and grid optimization of storage to gain valuable insight into how to maximize the value of storage for customers.
The PSC is expected to vote on the company's IRP request on July 16.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits (RECs) is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day, and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction, ranking the company number one in business and residential customer satisfaction in the South for 2018. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements-
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning Georgia Power's 2019 base rate case and its impact on customers, future capital investments, environmental compliance plans, expected renewable energy capacity and future energy demand. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms and Georgia Power's 2019 base rate case; the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings or inquiries; the effects, extent and timing of the entry of additional competition in the markets in which Georgia Power operates, including from the development and deployment of alternative energy sources; variations in demand for electricity; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities, to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of Nuclear Regulatory Commission requirements) and to satisfy any environmental performance standards; investment performance of the employee and retiree benefit plans and the nuclear decommissioning trust funds; advances in technology; the ability to successfully operate Georgia Power's generating, transmission and distribution facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attacks and the threat of physical attacks; interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Georgia Power's credit ratings; the ability of Georgia Power to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
6/28/2019Georgia Power Ranked #1 By J.D. Power For Residential Customer Satisfaction
Source: PR Newswire
ATLANTA, June 26, 2019 /PRNewswire/ -- For the third year in a row, Georgia Power has been ranked number one for customer satisfaction among Large Utilities in the South by J.D. Power in its 2019 Electric Utility Residential Customer Satisfaction StudySM. Georgia Power achieved the highest score in its segment this year based on multiple factors, including reliability, corporate citizenship, communications and customer service.
"We are committed to delivering world-class service for our customers," said Kevin Kastner, vice president of customer service for Georgia Power. "In all aspects of the business, our customers and their communities are at the center of everything we do. This recognition by J.D. Power is a testament to how we're evolving to improve customers' overall experiences and offering the products and services that meet their needs in convenient, innovative ways."
The J.D. Power study is based on responses from more than 103,000 online interviews conducted from July 2018 through May 2019 among residential customers of the 142 largest electric utility brands across the United States, which collectively represent more than 101 million households. According to the study, overall customer satisfaction is up among electric utility residential customers in 2019, with the top utilities focusing their efforts on improving reliability and on communicating their ongoing community involvement efforts. Click here to read more about this year's study.
Last year, business customers also ranked Georgia Power number one for Large Utilities in the South in the J.D. Power 2018 Electric Utility Business Customer Satisfaction StudySM.
Georgia Power's focus on providing excellent customer service includes new online and social media customer service choices; customizable rate plans and payment options; and access to free customer tools and resources, such as My Power Usage and Outage Alerts. The company also makes it easy for customers to find ways to save money and energy at GeorgiaPower.com/Save and shop for the latest energy-saving products on Georgia Power Marketplace. To learn more, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/26/2019Southern Power Announces Investment in Fuel Cell Project in Delaware
Source: PR Newswire
ATLANTA, June 21, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, has made an investment into utility-scale fuel cell generation with Bloom Energy.
The investment will support the repowering of an existing fuel cell project located on two sites in New Castle and Newark, Delaware, which currently consist of 30 megawatts (MW) of Bloom Energy Servers.
"This is an excellent project to continue the growth of our partnership with Bloom Energy," said Mark Lantrip, CEO of Southern Power. "We're excited to make an investment in a new technology that can provide generation resources to meet our customers' needs as the energy industry continues to evolve."
In 2016, Bloom Energy and Southern Company formed a strategic alliance to support and deploy innovative fuel cell solutions. This alliance has developed more than 80 MW of fuel cells at sites across the country.
By bringing together the wholesale, utility scale and emerging generating technologies, Southern Company continues to demonstrate its leadership in strategic solutions for an integrated, comprehensive energy solution.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 49 facilities operating or under development in 12 states with more than 11,200 MW of generating capacity in Alabama, California, Delaware, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the planned fuel cell project. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of generating facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards and the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Power
Article Date
6/21/2019Southern Power Closes Sale of Nacogdoches Generating Facility to Austin Energy
Source: PR Newswire
ATLANTA, June 13, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today completed the previously announced sale of the Nacogdoches Generating Facility to Austin Energy for $460 million, subject to customary working capital adjustments.
"The sale of the biomass facility provides benefits to Southern Power and offers Austin Energy the opportunity to own a significant regional energy resource," said Southern Power President, Bill Grantham. "Proceeds from this transaction will be used to strengthen the balance sheet of Southern Company, help meet projected equity needs and further de-risk financing plans."
Barclays served as the financial advisor and Baker Botts served as primary legal counsel to Southern Power.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries own 48 facilities operating or under construction in 11 states with more than 11,200 MW of generating capacity in Alabama, California, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected benefits of the disposition and the expected use of proceeds. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations and other laws and regulations to which Southern Company and Southern Power are subject, as well as changes in application of existing laws and regulations; variations in demand for electricity; available sources and costs of natural gas and other fuels; transmission constraints; advances in technology; ongoing renewable energy partnerships and development agreements; the ability to successfully operate generating facilities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, including the proposed disposition of Plant Mankato, which cannot be assured to be completed or beneficial to Southern Power; the ability of counterparties of Southern Power to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Southern Company's or Southern Power's credit ratings; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company and Southern Power expressly disclaim any obligation to update any forward‐looking information.
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SOURCE Southern Power
Article Date
6/13/2019Georgia Power customers to see credit on June bills
Source: PR Newswire
ATLANTA, June 4, 2019 /PRNewswire/ -- The second of three credits associated with the Tax Cuts and Jobs Act of 2017 will be applied directly to Georgia Power customers' bills in June. These credits are a result of the reduction in Georgia Power's federal corporate tax rate from 35% down to 21%.
Georgia Power customers will receive the credit based upon energy consumption from September 2018 through April 2019. The typical residential customer using an average of 1,000 kilowatt-hours per month would receive a credit of approximately $18 on their June Georgia Power bill. The actual amount of the credit will vary based on a customer's specific energy usage.
"At Georgia Power, we work every day to provide the highest customer value through customer service and the delivery of clean, safe, reliable and affordable energy with rates below the national average," said Kevin Kastner, vice president of customer service for Georgia Power. "We are pleased to continue to pass along benefits to our customers through these direct credits on Georgia Power bills this month."
The Tax Cuts and Jobs Act benefits were approved in March 2018 as part of an agreement with Georgia Public Service Commission (PSC) Staff. In total, Georgia Power is providing three separate credits to customers that will total $330 million. The first credit of $131 million was issued in October 2018, the second credit, totaling $96 million is being applied this month and the third credit of $103 million is scheduled for February 2020.
To learn more about Georgia Power's commitment to safe, clean, reliable and affordable energy, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/4/2019Southern Power Announces Completion of Mankato Energy Center Expansion
Source: PR Newswire
ATLANTA, June 4, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the second combined cycle unit of the Mankato Energy Center expansion in Mankato, Minn., is complete. The expansion created 250 jobs during construction and was completed on time and under budget.
Mankato Energy Center, the natural gas power plant, now includes two natural gas, combined cycle units and is capable of producing up to 760 megawatts of generation for the region. The expansion project highlights the company's ability to design and construct an integral part of the regional energy infrastructure.
"The completion of the Mankato Energy Center expansion represents an incredible accomplishment for our employees and partners involved with the project," said Southern Power President Bill Grantham. "Together, the team applied their considerable skills and expertise to make the project a success while demonstrating a strong commitment to safety."
Southern Power recently announced it has reached an agreement to sell the Mankato Energy Center to Xcel Energy-Minnesota for $650 million. Xcel Energy is the customer under two 20-year power purchase agreements. The sale, which is subject to regulatory approval and other closing conditions, is expected to be completed in the third quarter 2019.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 49 facilities operating or under development in 11 states with more than 11,300 MW of generating capacity in Alabama, California, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the disposition described herein. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and Southern Power believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of the disposition may not be satisfied; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's and Southern Power's reports filed with the Securities and Exchange Commission. There can be no assurance that the disposition will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in Southern Company's and Southern Power's Annual Reports on Form 10-K for the fiscal year ended December 31, 2018 and subsequent securities filings. Southern Company and Southern Power caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company or Southern Power, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the disposition or other matters attributable to Southern Company or Southern Power or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Southern Company and Southern Power undertake no obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Power
Article Date
6/4/2019Georgia Power stresses safety, preparation during Hurricane season
Source: PR Newswire
ATLANTA, June 3, 2019 /PRNewswire/ -- The 2019 Atlantic Hurricane Season is here, and Georgia Power is encouraging customers to be prepared when severe weather strikes. While the National Weather Service predicts a near normal storm season, it only takes one major storm to disrupt daily activities and cause extensive damage to communities.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
In time for hurricane season, Georgia Power recently launched a new and enhanced Outage Map on www.georgiapower.com that makes tracking and reporting outage information on the go even easier. The new Outage Map automatically adjusts to function on any desktop, handheld or mobile device and has direct access to Georgia Power's social media channels for quick engagement with customer service representatives. Additionally, users will now have greater search capabilities with more concise alert information relating to their specific outage.
Additional Georgia Power Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
6/3/2019Atlanta Gas Light to Test Adsorbed Natural Gas Technology for Light-Duty Trucks
Source: PR Newswire
ATLANTA, May 29, 2019 /PRNewswire/ -- Southern Company Gas subsidiary Atlanta Gas Light today announced it will test adsorbed natural gas bi-fuel vehicles with the new integrated fuel storage technology developed by Adsorbed Natural Gas Products, Inc. (ANGP). Adsorbed natural gas (ANG) technology uses activated carbon to reduce the storage pressure of natural gas without sacrificing the volume of natural gas stored through a process called adsorption. Using this type of fuel provides a cleaner and lower cost fuel option than gasoline or diesel for large, light-duty vehicles, such as SUVs, half-ton pickup trucks, and service vans.
"The transportation sector accounts for the largest portion of total U.S. Greenhouse Gas emissions and 80% of smog forming pollutants come from mobile sources," said Ian Skelton, director of natural gas vehicles at Southern Company Gas. "Natural gas is playing an important role in reducing emissions, and adsorbed natural gas can significantly reduce the cost and complexity of fueling natural gas vehicles. We are pleased to help demonstrate this new technology in our AGL fleet operations."
"Reducing the compression requirement for natural gas vehicles by 75% is a game changer that enables low cost public and private fueling of ANG equipped natural gas vehicles," said Bob Bonelli, President of ANGP. "Having Atlanta Gas Light as a project partner will provide invaluable insight and support as we work to demonstrate the value of ANG to light-duty vehicle fleets and commercialize this exciting new technology."
Adsorbed natural gas vehicles could be fueled at public-access compressed natural gas stations, as well as conveniently from home or work through a refueling compressor. They operate at significantly lower storage pressure than standard compressed natural gas vehicles, refilling at 900 psi instead of 3600 psi. This reduces energy consumption by over 50 percent and decreases fueling time by over 60 percent. Additionally, these vehicles can travel long distances on adsorbed natural gas before seamlessly switching to gasoline.
Natural gas vehicles are some of the cleanest vehicles available today; they reduce emissions of pollutants such as carbon monoxide and nitrogen oxides by up to 90% and emit 15 – 20% fewer greenhouse gas (GHG) emissions compared to gasoline and diesel vehicles. When refueling with renewable natural gas, GHG emissions can be reduced by up to 125 percent.
Atlanta Gas Light is purchasing vehicles for its fleet with the new absorbed natural gas storage system and will test their performance compared to standard natural gas vehicles and conventional gasoline vehicles over the demonstration period.
Results from the test will inform the company's decision to purchase additional adsorbed natural gas vehicles and help to validate this technology for use by others.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 685,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Atlanta Gas Light
Article Date
5/29/2019Georgia Power expands smart home offerings for customers
Source: PR Newswire
ATLANTA, May 28, 2019 /PRNewswire/ -- Georgia Power today announced it is adding to its smart home offerings by working with Vivint, a Georgia Power preferred provider, to bring customers the latest in-home security and automation solution. As one of Georgia Power's preferred providers, Vivint is exclusively offering Georgia Power's customers who sign up for Vivint's home security and automation system a $0 activation fee, free installation and a Vivint Element Thermostat. Georgia Power customers will also have access to exclusive offers on Vivint's integrated smart home system with in-home consultation, professional installation and 24/7 customer support provided by Vivint.
"Georgia Power continues to invest and grow its smart home offerings, giving customers more product and service choices to conveniently managing their homes and energy usage," said Pedro Cherry, executive vice president of Customer Service and Operations for Georgia Power. "By offering a suite of smart solutions through preferred providers like Vivint, our customers can choose the solution that best fits their budget and lifestyle."
Vivint offers a variety of smart home technologies such as a Vivint Smart Home app, which combines smart home controls in one place, giving customers control of lights, locks, garage doors, thermostats and security systems from one spot. In addition, Vivint offers a smart hub, smart locks, burglary detection, garage door control, smoke alarm, outdoor and indoor cameras and doorbell cameras. To learn more about Vivint's home security and automation solutions and sign up, customers can call 1-877-261-2765 or visit www.georgiapower.com/vivint.
Georgia Power also offers a full suite of smart-home options, which includes easy access to products and services that can help make customers' homes more energy efficient and connected. The company brings together the most popular products, including the latest in smart thermostats and smart home products such as smart filters, lighting, door locks, light switches, vents, smoke alarms and doorbells, to a single convenient online portal on Georgia Power Marketplace.
Smart Homes Make Smart Neighborhoods
Georgia Power is also partnering with PulteGroup to develop Atlanta's first Smart Neighborhood to bring the latest smart home technology under one roof. Each technology-enhanced home in the Georgia Power Smart Neighborhood will be equipped with the latest energy technologies such as home automation featuring smart thermostats, smart locks and voice control, optimal insulation for maximum efficiency, advanced heating and cooling systems and LED lighting. The smart homes will be served by Georgia Power with power supplemented by individual rooftop solar installations and in-home battery energy storage.
This smart neighborhood will also help Georgia Power better understand the interactions between rooftop solar, in-home battery storage and the existing electric grid for energy efficient homes. Information from the HVAC systems, heat pump water heaters and other smart home technologies will help inform new products and services for Georgia Power customers. Construction is underway with the grand opening scheduled for this summer.
Georgia Power Resources Make Saving Money, Smart Energy Usage Easy
Whether you're building a new smart home, making improvements to an older home or simply looking for ways to save, Georgia Power also offers customers ways to save money and energy every day with convenient and valuable energy saving tools and resources online at GeorgiaPower.com/Save. The site includes hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses, through programs such as the Residential HVAC Service Program and the Refrigerator Recycling Program. Additionally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/28/2019Georgia Power kicks off Memorial Day weekend with Water Safety Tips
Source: PR Newswire
ATLANTA, May 23, 2019 /PRNewswire/ -- As the largest non-governmental provider of recreation facilities in the state, Georgia Power today is reminding customers and lake visitors of water safety for the start of the Memorial Day weekend. Drowning is the second leading cause of accidental death for children 1 to 4 years of age, according to the Georgia Department of Public Health and SPLASH, a longstanding Georgia Department of Natural Resources initiative supported by Georgia Power. Through public outreach, the organizations aim to greatly reduce the number of these deaths and injuries.
SPLASH encourages citizens to follow these tips when enjoying beaches, pools, lakes, rivers and other bodies of water:
Georgia Power provides recreational opportunities year-round for the public at more than 40 sites. The company owns and operates 15 lake properties across Georgia for power generation and resident recreation, making it easy to find a Georgia Power lake near to you.
Find out more by visiting Georgia Power's Lakes & Recreation site. There you will find detailed information about all of the Georgia Power properties, including facilities and amenities, local attractions and water safety information. On the site, visitors can also check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
In addition, the company provides additional water safety tips through its lake safety public service announcement on the Georgia Power YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/23/20195/23/2019 - JAX LNG - The First Small-Scale Waterside LNG Production Facility in the United States is Operational
JAX LNG - The First Small-Scale Waterside LNG Production Facility in the United States is Operational
Source: PR Newswire
JACKSONVILLE, Fla., May 23, 2019 /PRNewswire/ -- JAX LNG, a liquefied natural gas facility located at Dames Point in Jacksonville, Florida, held a ribbon-cutting ceremony May 16 to signify the official start-up of the newly constructed plant.
JAX LNG is the first small-scale LNG facility in the United States with both marine and truck-loading capabilities. The state-of-the-art facility was constructed through a joint venture between Pivotal LNG and NorthStar Midstream ("NorthStar").
"Pivotal is committed to transforming the nation's energy landscape by leading the way in how we supply liquefied natural gas to our customers," said Tim Hermann, president of Pivotal LNG. "One way we are doing this is through the development of the JAX LNG facility. With our partners NorthStar, we've implemented innovative solutions to make clean, safe, reliable and affordable LNG available to marine and inland customers that can be served from the port of Jacksonville. "
Liquefied natural gas is a clean, domestically produced alternative fuel serving multiple industries to reduce emissions and energy costs. When using LNG as a marine fuel on a well-to-wake basis, greenhouse emissions are reduced up to 21 percent.
In addition to marine and trucking companies, the JAX LNG plant is positioned to serve other industries, including rail, drilling, mining, power generation, commercial and industrial.
Currently, the JAX LNG facility has the capacity to produce 120,000 gallons of LNG per day and store more than 2 million gallons of LNG. There is room at the site to expand the facility and add two liquefaction trains and a second storage tank which would increase LNG production capacity to 600,000 gallons per day and store up to 4 million gallons. JAX LNG can use its advantaged location on the water to service its maritime customers via LNG transport vessels.
NorthStar is owned by Oaktree Capital Management, L.P. ("Oaktree"). Jared Parker, co-portfolio manager of Oaktree's Infrastructure Investing strategy stated, "We believe LNG is the logical fuel choice for ships calling on ports in the United States. We are excited to be developing the infrastructure necessary to make this option available for the transportation needs of companies focused on emission reductions and meeting IMO 2020 requirements." Tim Casey, senior vice president of LNG, commented, "NorthStar and our owners are excited about the partnership we have with Pivotal LNG and Southern Companies in JAX LNG. We look forward to expanding our ability to bring environmentally-friendly LNG as a next generation fuel to the market".
Construction of the JAX LNG facility began in late 2016. Its achievements thus far include the first-of-its-kind, ship-to-ship bunkering operations in the U.S. and loading of TOTE Maritime's Clean Jacksonville, the first LNG bunker barge built in the U.S.
JAX LNG is also the long-term supplier of LNG to the world's first LNG dual-fuel container ships, the Isla Bella and Perla del Caribe, operated by TOTE Maritime Puerto Rico.
For more information about JAX LNG and LNG solutions, please visit jaxlng.com.
About Pivotal LNG
Pivotal LNG is part of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Pivotal LNG provides liquefied natural gas to companies and industries throughout the United States through reliable, flexible and cost-effective solutions. For more information, visit www.pivotallng.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
About NorthStar Midstream
NorthStar is a diversified logistics company providing flexible crude oil, sand, LNG and refined product logistics services, including storage and transportation solutions, to the North American energy industry. NorthStar's assets include a 375-acre crude oil and sand logistics transloading and transportation terminal with 500,000 barrels of crude storage located in East Fairview, ND, a crude oil terminal with 160,000 barrels of crude storage located in Alexander, ND, a 23-mile, FERC-regulated crude oil pipeline located in McKenzie County, ND providing access to the Dakota Access Pipeline via the terminals in East Fairview and Alexander, a marine terminal located in Port Comfort, TX and an LNG production facility, marine loading dock and LNG barging operations in Jacksonville, FL. For more information, visit http://www.northstarmidstream.com/
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $119 billion in assets under management as of March 31, 2019. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 950 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com/.
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SOURCE JAX LNG
Article Date
5/23/2019Stay cool, save money as summer heat hits Georgia in May
Source: PR Newswire
ATLANTA, May 20, 2019 /PRNewswire/ -- With the heat of summer predicted this week, Georgia Power encourages customers to prepare now 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.
Tips, Tools & Resources
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. The website also includes access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses.
Simple summer tips to save money and energy include setting manual thermostats to 78 degrees in the summer for peak efficiency and make the most of programmable thermostats, which help decrease energy use based on your lifestyle. Also, it's very important to have your air conditioner professionally serviced now to ensure it's running efficiently. Change filters and trim plants around outside units so they can receive proper air flow.
Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/20/2019Southern Company releases annual Corporate Responsibility Report
Source: PR Newswire
ATLANTA, May 17, 2019 /PRNewswire/ -- Southern Company (NYSE: SO) today released its annual Corporate Responsibility Report as part of an ongoing commitment to discuss environmental, social and governance (ESG) topics in an open and honest way.
Southern Company's Corporate Responsibility Report for year-end 2018 highlights its efforts to improve the lives of customers and employees while acting as good stewards of the communities it serves and delivering value to its stakeholders.
"At Southern Company, we have the privilege of providing the clean, safe, reliable and affordable energy that millions depend on to live, work and play," said Tom Fanning, president, chairman and CEO of Southern Company.
"We operate every day understanding the responsibility that comes with our privilege to serve. Our system's thousands of employees work every day to help protect and conserve our world for future generations – because it is the right thing to do," Fanning said.
Beyond sharing ESG progress and milestones achieved, Southern Company's 2018 Corporate Responsibility Report reflects its commitment to transparent, open dialogue that enables stakeholders to more easily understand and monitor its progress.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
5/17/2019PowerSecure Becomes Microgrid Implementation Provider for New Innovative Energy Joint Venture Compass Energy Platform LLC
Source: PR Newswire
ATLANTA, May 17, 2019 /PRNewswire/ -- PowerSecure, Inc., a subsidiary of Southern Company, announced an agreement with Compass Energy Platform, LLC (Compass), a new joint venture formed by Navigant and InfraRed Capital Partners.
As an implementation service provider for the local energy project development and finance platform, PowerSecure will develop microgrid solutions for Compass on jointly developed projects. This includes designing, engineering and executing Compass' microgrids needs, as well as operation and maintenance of the units once in service.
"As the nation's leading provider of microgrids, PowerSecure is excited to help assist cities and energy companies build more sustainable and resilient energy solutions," said Eric Dupont, chief commercial officer for PowerSecure. "Moreover, combining the expertise of so many in the energy infrastructure space will make the development, execution and financing of local energy solutions that much easier."
Purchased by Southern Company in 2016, PowerSecure is the largest commercial microgrid developer in the U.S.
About PowerSecure
PowerSecure, a Southern Company subsidiary, is a leading provider of innovative energy solutions to electric utilities and their industrial, institutional, and commercial customers. PowerSecure provides energy solutions in the following areas: distributed generation, energy storage and renewables, energy efficiency and utility infrastructure. The company is a pioneer in developing distributed power systems and the integration of distributed energy resources in a sophisticated microgrid. This includes the ability to forecast electricity demand and optimize the deployment of the systems, provides utilities with dedicated electric capacity to utilize for grid resiliency, provides customers with the most reliable power in the industry, and optimizes the value streams to the utility and its customers from the distributed energy resources. PowerSecure has installed and controls over 2-gigawatts of distributed generation systems across the U.S.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About Compass Energy Platform LLC
Compass Energy Platform, LLC is a development and financing platform designed to help cities prepare for the future through district-scale energy projects that increase environmental and economic resilience. Compass develops and finance every sort of distributed energy asset – generation technologies, including solar, wind, fuel cells, combined heat & power and batteries, combined with microgrids, district heating and cooling, and other smart city assets. The investment model is based on public/private partnership, and commitment to cities includes investment in schools, hospitals, commercial/industrial entities and other key verticals. Compass was developed by two globally-recognized market leaders – InfraRed Capital Partners and Navigant Consulting – combining InfraRed's energy investment experience with Navigant energy advisory expertise to create a new kind of company, one particularly suited to the opportunities and complexities of 21st century energy infrastructure development.
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SOURCE PowerSecure
Article Date
5/17/2019Southern Company recognized as a top company for diversity and inclusion by DiversityInc for the fourth consecutive year
Source: PR Newswire
ATLANTA, May 8, 2019 /PRNewswire/ -- For the fourth consecutive year, Southern Company has been named among the Top 50 Companies for Diversity by DiversityInc. The company also ranked ninth on the list for Top Companies for Veterans. Both recognitions were announced at DiversityInc's annual diversity and inclusion awards event held at Cipriani Wall Street on Tuesday, May 7.
"Southern Company is committed to creating a workplace environment where employees from different backgrounds and perspectives can realize their full potential," said Tom Fanning, president, chairman and CEO of Southern Company. "Our longstanding commitment to diversity and inclusion is embedded in our culture, and allows us to better anticipate change, see around corners and achieve success as we build the future of energy."
The DiversityInc Top 50 list, which ranked Southern Company No. 33, recognizes the nation's top companies for diversity and inclusion management. These companies excel in such areas as hiring, retaining and promoting women, minorities, people with disabilities, LGBTQ and veterans.
"DiversityInc Top 50 Companies have a decisive advantage because they treat people more fairly than other companies," notes Luke Visconti, founder and CEO of DiversityInc. "Everybody, including white men, are far better off working for them because there is more opportunity at better run companies. Top 50 companies also deliver a greater-than-average return for shareholders."
DiversityInc's annual survey yields an empirically-driven ranking based on talent results in the workforce and management, senior leadership accountability, talent programs, workplace practices, philanthropy and supplier diversity.
"At Southern Company, our values drive our culture, guide our decisions and are key to our sustained success," said Sloane Drake, senior vice president of human resources at Southern Company. "We believe how we do our work is just as important as what we do. For us, that means having a diverse workforce and an inclusive workplace where everyone can thrive and feel like they belong."
This recognition of Southern Company's corporate culture and hiring practices joins national acknowledgements by the U.S. Department of Defense, G.I. Jobs magazine, Black Enterprise, Forbes and the Women's Choice Award.
Visit Southern Company Careers to learn more about how to join the Southern Company team.
About Southern Company:
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
About DiversityInc: The mission of DiversityInc is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, when many corporations were beginning to understand the business value of diversity-management initiatives. The 2019 Top 50 Companies for Diversity results will be featured on DiversityInc.com. DiversityInc is a VA certified veteran-owned business and a USBLN certified business owned by a person with a disability. For more information, visit www.diversityinc.com and follow us on Facebook, Twitter and LinkedIn @DiversityInc.
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SOURCE Southern Company
Article Date
5/8/2019Georgia Power's Vogtle Unit 3 achieves Initial Energization
Source: PR Newswire
ATLANTA, May 7, 2019 /PRNewswire/ -- Georgia Power announced today that plant equipment for Vogtle Unit 3 is now energized, or permanently powered, which is needed to perform all subsequent testing for the unit. With plant equipment previously running on temporary construction power, the completion of initial energization represents a significant milestone in the Vogtle expansion as the project moves from construction toward system operations.
"Initial energization is a major first step in transitioning the project from construction toward system operations," said Vogtle 3 & 4 Construction Senior Vice President Glen Chick. "With energization complete, we can continue moving into the actual testing phase for Unit 3."
Significant progress continues at the site, with the project now approximately 77 percent complete. With more than 7,000 workers currently onsite and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
All first quarter milestones have been achieved including the placement of the Unit 4 pressurizer and the Unit 3 containment vessel top head, signifying that all modules and large components have been placed inside the unit.
Last week, Georgia Power filed an update on the Vogtle 3 & 4 project with the Georgia Public Service Commission (PSC), affirming the expected schedule remains within the regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4, with no change to the total project capital cost forecast.
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In March, Georgia Power closed on $1.67 billion in additional Department of Energy (DOE) loan guarantees for Vogtle 3 & 4. With a total of more than $5 billion in DOE loan guarantees, Georgia Power expects to be able to provide more than $500 million in present-value benefits to its customers.
The projected peak rate impact to Georgia Power retail customers is 10.4 percent, with approximately 5.5 percent already in rates.
Follow the progress being made at the site with the latest aerial video and new photos at Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected cost and schedule for completion of Plant Vogtle units 3 & 4, expected customer benefits, and expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of natural gas and other fuels; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale and including changes in labor costs, availability, and productivity; challenges with management of contractors, subcontractors, or vendors; adverse weather conditions; shortages, increased costs, or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; non-performance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely resolution of Inspections, Tests, Analyses, and Acceptance Criteria and the related approvals by the U.S. Nuclear Regulatory Commission (NRC); challenges with start-up activities, including major equipment failure and system integration; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other co-owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; in the event Georgia Power becomes obligated to provide funding to Municipal Electric Authority of Georgia (MEAG) with respect to the portion of MEAG's ownership interest in Plant Vogtle Units 3 and 4 involving Jacksonville Electric Authority, any inability of Georgia Power to receive repayment of such funding; the inherent risks involved in operating and constructing nuclear generating facilities; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
5/7/20195/6/2019 - Southern Power Announces Management Changes
Southern Power Announces Management Changes
Source: PR Newswire
ATLANTA, May 6, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the following leadership changes to its organization, effective May 6.
Bill Grantham has been named president of Southern Power, reporting to Mark Lantrip, chairman and CEO of Southern Power. Grantham, formerly Southern Power chief financial officer, will be responsible for the day-to-day business activities of Southern Power.
Elliott Spencer is now the CFO of Southern Power. The comptroller position formerly held by Spencer will be filled at a later date.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries own 49 facilities operating or under construction in 11 states with more than 11,300 MW of generating capacity in Alabama, California, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Power
Article Date
5/6/2019Atlanta Gas Light Honors Seniors During Older Americans Month
Source: PR Newswire
ATLANTA, May 6, 2019 /PRNewswire/ -- May is National Older Americans Month and to celebrate, Atlanta Gas Light is reminding its customers about the company's Senior Citizen Discount.
"Every family deserves reliable energy at a price they can afford," said Bryan Batson, president of Atlanta Gas Light. "For many older Georgians on a fixed income, the Senior Citizen Discount can offer some relief on the Atlanta Gas Light base charge."
Customers 65 years of age or older and who have a total annual combined household income of $24,980 or less are eligible for up to a $14 monthly discount on their base charge. Natural gas service must be in the senior customer's name to be eligible. To apply, seniors should complete and mail in the application found on atlantagaslight.com.
In addition, Atlanta Gas Light is cautioning seniors about scam tactics. Although there are several, a common tactic involves a customer receiving an unsolicited phone call from an individual who falsely claims to be a company representative. The scammer warns that the company will disconnect the customer's natural gas service if a payment is not made within a short timeframe.
Other tactics include scammers duplicating a company's upfront Interactive Voice Response system, so when customers call back phone numbers provided by the scammer, it appears to be legitimate. Some of these scammers also use caller ID spoofing to replicate a company's customer service number.
Below are additional tips to help identify and protect against seniors against scammers:
Red flags for scam activity
How to protect yourself
Any customer who suspects or experiences fraud or feels threatened during contact with an individual posing as a company representative, should contact local authorities, and then the customer care center phone number listed on their bill.
For information about natural gas safety, visit .atlantagaslight.com/safety.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 685,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
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SOURCE Atlanta Gas Light
Article Date
5/6/2019Southern Company reports first-quarter 2019 earnings
Source: PR Newswire
ATLANTA, May 1, 2019 /PRNewswire/ -- Southern Company today reported first-quarter 2019 earnings of $2.08 billion, or $2.01 per share, compared with earnings of $938 million, or 93 cents per share, in the first quarter of 2018.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $730 million, or 70 cents per share, during the first quarter of 2019, compared with $893 million, or 88 cents per share, during the first quarter of 2018.
Non-GAAP Financial Measures | Three Months Ended March | |||
Net Income - Excluding Items (in millions) | 2019 | 2018 | ||
Net Income - As Reported | $2,084 | $938 | ||
Acquisition, Disposition, and Integration Impacts | (2,499) | 62 | ||
Tax Impact | 1,189 | (5) | ||
Estimated Loss on Plants Under Construction | 4 | 44 | ||
Tax Impact | (1) | (11) | ||
Wholesale Gas Services | (63) | (139) | ||
Tax Impact | 16 | 35 | ||
Earnings Guidance Comparability Items: | ||||
Adoption of Tax Reform | - | (31) | ||
Net Income – Excluding Items | $730 | $893 | ||
Average Shares Outstanding – (in millions) | 1,038 | 1,011 | ||
Basic Earnings Per Share – Excluding Items | $0.70 | $0.88 | ||
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the first quarter 2019 were negatively impacted as a result of divested earnings and milder weather at the state-regulated electric utilities.
"Southern Company's major business units are off to a good start for the year," said Chairman, President and CEO Thomas A. Fanning. "I am extremely pleased with our performance year-to-date, and believe we are well-positioned to achieve our financial targets for 2019. In addition, we just completed a review of the Plant Vogtle project and I'm pleased to report that we still expect to meet our targets for cost and the regulatory-approved schedule for the completion of the new nuclear units."
First quarter 2019 operating revenues were $5.41 billion, compared with $6.37 billion for the first quarter of 2018, a decrease of 15.1 percent. This decrease was primarily related to a reduction in revenue resulting from the sale of Gulf Power and other assets that are no longer affiliated with Southern Company.
Southern Company's first quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 8 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected cost and schedule for completion of Plant Vogtle units 3 and 4 and achievement of financial targets. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax and environmental laws and regulations and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings, or inquiries, including litigation and other disputes related to the Kemper County energy facility; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources; variations in demand for electricity and natural gas; available sources and costs of natural gas and other fuels; the ability to complete necessary or desirable pipeline expansion or infrastructure projects, limits on pipeline capacity, and operational interruptions to natural gas distribution and transmission activities; transmission constraints; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors, subcontractors or vendors; adverse weather conditions; shortages, increased costs or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely resolution of Inspections, Tests, Analyses, and Acceptance Criteria and the related approvals by the U.S. Nuclear Regulatory Commission ("NRC"); challenges with start-up activities, including major equipment failure and system integration; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios and fuel and other cost recovery mechanisms; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including public service commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; in the event Georgia Power becomes obligated to provide funding to Municipal Electric Authority of Georgia ("MEAG") with respect to the portion of MEAG's ownership interest in Plant Vogtle Units 3 and 4 involving Jacksonville Electric Authority, any inability of Georgia Power to receive repayment of such funding; the inherent risks involved in operating and constructing nuclear generating facilities; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, including the proposed dispositions of Plant Mankato and the Nacogdoches biomass-fueled facility, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of physical attacks; interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Southern Company's and any of its subsidiaries' credit ratings; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward‐looking information.
Southern Company | ||||||||
Financial Highlights | ||||||||
(In Millions of Dollars Except Earnings Per Share) | ||||||||
Three Months Ended | ||||||||
Net Income–As Reported (See Notes) | 2019 | 2018 | ||||||
Traditional Electric Operating Companies | $ | 565 | $ | 612 | ||||
Southern Power | 56 | 121 | ||||||
Southern Company Gas | 270 | 279 | ||||||
Total | 891 | 1,012 | ||||||
Parent Company and Other | 1,193 | (74) | ||||||
Net Income–As Reported | $ | 2,084 | $ | 938 | ||||
Basic Earnings Per Share1 | $ | 2.01 | $ | 0.93 | ||||
Average Shares Outstanding (in millions) | 1,038 | 1,011 | ||||||
End of Period Shares Outstanding (in millions) | 1,040 | 1,012 | ||||||
Non-GAAP Financial Measures | Three Months Ended | |||||||
Net Income–Excluding Items (See Notes) | 2019 | 2018 | ||||||
Net Income–As Reported | $ | 2,084 | $ | 938 | ||||
Acquisition, Disposition, and Integration Impacts2 | (2,499) | 62 | ||||||
Tax Impact | 1,189 | (5) | ||||||
Estimated Loss on Plants Under Construction3 | 4 | 44 | ||||||
Tax Impact | (1) | (11) | ||||||
Wholesale Gas Services4 | (63) | (139) | ||||||
Tax Impact | 16 | 35 | ||||||
Earnings Guidance Comparability Items: | ||||||||
Adoption of Tax Reform5 | — | (31) | ||||||
Net Income–Excluding Items | $ | 730 | $ | 893 | ||||
Basic Earnings Per Share–Excluding Items | $ | 0.70 | $ | 0.88 | ||||
-See Notes on the following page. | ||||||||
Southern Company | |||||||||
Financial Highlights | |||||||||
Notes | |||||||||
(1) | For the three months ended March 31, 2019 and 2018, dilution does not change basic earnings per share by | ||||||||
(2) | Earnings for the three months ended March 31, 2019 primarily include a $2.5 billion pre-tax gain ($1.3 billion | ||||||||
(3) | Earnings for the three months ended March 31, 2019 and 2018 include charges and associated legal expenses | ||||||||
(4) | Earnings for the three months ended March 31, 2019 and 2018 include the Wholesale Gas Services business of | ||||||||
(5) | Earnings for the three months ended March 31, 2018 include additional net tax benefits as a result of | ||||||||
Southern Company | ||||||||||||
Significant Factors Impacting EPS | ||||||||||||
Three Months Ended | ||||||||||||
2019 | 2018 | Change | ||||||||||
Earnings Per Share– | ||||||||||||
As Reported1 (See Notes) | $ | 2.01 | $ | 0.93 | $ | 1.08 | ||||||
Significant Factors: | ||||||||||||
Traditional Electric Operating Companies | $ | (0.05) | ||||||||||
Southern Power | (0.06) | |||||||||||
Southern Company Gas | (0.01) | |||||||||||
Parent Company and Other | 1.25 | |||||||||||
Increase in Shares | (0.05) | |||||||||||
Total–As Reported | $ | 1.08 | ||||||||||
Three Months Ended | ||||||||||||
Non-GAAP Financial Measures | 2019 | 2018 | Change | |||||||||
Earnings Per Share– | ||||||||||||
Excluding Items (See Notes) | $ | 0.70 | $ | 0.88 | $ | (0.18) | ||||||
Total–As Reported | $ | 1.08 | ||||||||||
Acquisition, Disposition, and Integration Impacts2 | (1.31) | |||||||||||
Estimated Loss on Plants Under Construction3 | (0.03) | |||||||||||
Wholesale Gas Services4 | 0.05 | |||||||||||
Adoption of Tax Reform5 | 0.03 | |||||||||||
Total–Excluding Items | $ | (0.18) | ||||||||||
- See Notes on the following page. | ||||||||||||
Southern Company | |||||||||
Significant Factors Impacting EPS | |||||||||
Notes | |||||||||
(1) | For the three months ended March 31, 2019 and 2018, dilution does not change basic earnings per share by | ||||||||
(2) | Earnings for the three months ended March 31, 2019 primarily include a $2.5 billion pre-tax gain ($1.3 billion | ||||||||
(3) | Earnings for the three months ended March 31, 2019 and 2018 include charges and associated legal expenses | ||||||||
(4) | Earnings for the three months ended March 31, 2019 and 2018 include the Wholesale Gas Services business of | ||||||||
(5) | Earnings for the three months ended March 31, 2018 include additional net tax benefits as a result of | ||||||||
Southern Company | ||
EPS Earnings Analysis | ||
Description | Three Months Ended | |
Retail Sales | $(0.01) | |
Retail Revenue Impacts | 0.05 | |
Weather | (0.07) | |
Wholesale Operations | (0.01) | |
Other Operating Revenues | 0.03 | |
Non-Fuel O&M | (0.02) | |
Depreciation and Amortization | (0.02) | |
Interest Expense | 0.01 | |
Other Income and Deductions | 0.01 | |
Income Taxes | 0.02 | |
Gulf Power Earnings | (0.04) | |
Total Traditional Electric Operating Companies | $(0.05) | |
Southern Power | (0.06) | |
Southern Company Gas | (0.01) | |
Parent and Other | (0.04) | |
Increase in Shares | (0.02) | |
Total Change in EPS (Excluding Items) | $(0.18) | |
Acquisition, Disposition, and Integration Impacts1 | 1.31 | |
Estimated Loss on Plants Under Construction2 | 0.03 | |
Wholesale Gas Services3 | (0.05) | |
Adoption of Tax Reform4 | (0.03) | |
Total Change in EPS (As Reported) | $1.08 | |
- See Notes on the following page. | ||
Southern Company | |
EPS Earnings Analysis | |
Three Months Ended March 2019 vs. March 2018 | |
Notes | |
(1) | Earnings for the three months ended March 31, 2019 primarily include a $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. Earnings for the three months ended March 31, 2018 include: (i) a $42 million (pre tax and after tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions and (ii) $20 million pre tax ($15 million after tax) of other acquisition, disposition, and integration costs. Further impacts are expected to be recorded in 2019 in connection with the sale of Gulf Power Company, as well as impacts related to Southern Power Company's announced sales of Plants Mankato and Nacogdoches. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures are uncertain. |
(2) | Earnings for the three months ended March 31, 2019 and 2018 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power Company's Kemper IGCC may occur through 2020. Mississippi Power Company is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. |
(3) | Earnings for the three months ended March 31, 2019 and 2018 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
(4) | Earnings for the three months ended March 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. Management also used such measures to evaluate Southern Company's performance. |
Southern Company | ||||||||||||
Consolidated Earnings | ||||||||||||
As Reported | ||||||||||||
(In Millions of Dollars) | ||||||||||||
Three Months Ended | ||||||||||||
2019 | 2018 | Change | ||||||||||
Income Account- | ||||||||||||
Retail Electric Revenues- | ||||||||||||
Fuel | $ | 804 | $ | 1,027 | $ | (223) | ||||||
Non-Fuel | 2,280 | 2,541 | (261) | |||||||||
Wholesale Electric Revenues | 499 | 623 | (124) | |||||||||
Other Electric Revenues | 168 | 161 | 7 | |||||||||
Natural Gas Revenues | 1,474 | 1,607 | (133) | |||||||||
Other Revenues | 187 | 413 | (226) | |||||||||
Total Revenues | 5,412 | 6,372 | (960) | |||||||||
Fuel and Purchased Power | 1,020 | 1,368 | (348) | |||||||||
Cost of Natural Gas | 686 | 720 | (34) | |||||||||
Cost of Other Sales | 118 | 289 | (171) | |||||||||
Non-Fuel O & M | 1,312 | 1,451 | (139) | |||||||||
Depreciation and Amortization | 751 | 769 | (18) | |||||||||
Taxes Other Than Income Taxes | 329 | 355 | (26) | |||||||||
Estimated Loss on Plants Under Construction | 2 | 44 | (42) | |||||||||
Gain on Dispositions, net | (2,497) | — | (2,497) | |||||||||
Total Operating Expenses | 1,721 | 4,996 | (3,275) | |||||||||
Operating Income | 3,691 | 1,376 | 2,315 | |||||||||
Allowance for Equity Funds Used During Construction | 32 | 30 | 2 | |||||||||
Earnings from Equity Method Investments | 48 | 41 | 7 | |||||||||
Interest Expense, Net of Amounts Capitalized | 430 | 458 | (28) | |||||||||
Other Income (Expense), net | 78 | 60 | 18 | |||||||||
Income Taxes | 1,360 | 113 | 1,247 | |||||||||
Net Income | 2,059 | 936 | 1,123 | |||||||||
Less: | ||||||||||||
Dividends on Preferred Stock of Subsidiaries | 4 | 4 | — | |||||||||
Net Loss Attributable to Noncontrolling Interests | (29) | (6) | (23) | |||||||||
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY | $ | 2,084 | $ | 938 | $ | 1,146 | ||||||
Notes | ||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||
Southern Company | ||||||||||||||
Kilowatt-Hour Sales and Customers | ||||||||||||||
(In Millions of KWHs) | ||||||||||||||
Three Months Ended March | ||||||||||||||
As Reported | Adjusted1 | |||||||||||||
2019 | 2018 | Change | Weather Adjusted Change | 2018 | Change | Weather Adjusted Change | ||||||||
Kilowatt-Hour Sales- | ||||||||||||||
Total Sales | 45,167 | 50,844 | (11.2)% | 48,222 | (6.3)% | |||||||||
Total Retail Sales- | 34,365 | 38,390 | (10.5)% | (7.2)% | 35,922 | (4.3)% | (1.2)% | |||||||
Residential | 10,902 | 12,967 | (15.9)% | (8.4)% | 11,751 | (7.2)% | 0.4% | |||||||
Commercial | 10,986 | 12,287 | (10.6)% | (8.4)% | 11,441 | (4.0)% | (1.9)% | |||||||
Industrial | 12,289 | 12,931 | (5.0)% | (5.0)% | 12,533 | (2.0)% | (2.0)% | |||||||
Other | 188 | 205 | (8.3)% | (7.9)% | 197 | (4.6)% | (4.2)% | |||||||
Total Wholesale Sales | 10,802 | 12,454 | (13.3)% | N/A | 12,300 | (12.2)% | N/A | |||||||
Notes | ||||||||||||||
(1) Kilowatt-hour sales comparisons to the prior year were significantly impacted by the disposition of Gulf Power Company on January 1, 2019. These 2018 kilowatt-hour sales and changes exclude Gulf Power Company. | ||||||||||||||
(In Thousands of Customers) | ||||||||||||||
Period Ended March | ||||||||||||||
2019 | 2018 | Change | ||||||||||||
Regulated Utility Customers- | ||||||||||||||
Total Utility Customers- | 8,510 | 9,306 | (8.6)% | |||||||||||
Total Traditional Electric2 | 4,234 | 4,652 | (9.0)% | |||||||||||
Southern Company Gas3 | 4,276 | 4,654 | (8.1)% | |||||||||||
Notes | ||||||||||||||
(2) Includes approximately 463,000 customers at March 31, 2018 related to Gulf Power Company, which was sold on January 1, 2019. | ||||||||||||||
(3) Includes approximately 407,000 total customers at March 31, 2018 related to Elizabethtown Gas, Elkton Gas, and Florida City Gas, which were sold in July 2018. | ||||||||||||||
Southern Company | ||||||||||||
Financial Overview | ||||||||||||
As Reported | ||||||||||||
(In Millions of Dollars) | ||||||||||||
Three Months Ended | ||||||||||||
2019 | 2018 | % Change | ||||||||||
Southern Company1 – | ||||||||||||
Operating Revenues | $ | 5,412 | $ | 6,372 | (15.1) | % | ||||||
Earnings Before Income Taxes | 3,419 | 1,049 | 225.9 | % | ||||||||
Net Income Available to Common | 2,084 | 938 | 122.2 | % | ||||||||
Alabama Power – | ||||||||||||
Operating Revenues | $ | 1,408 | $ | 1,473 | (4.4) | % | ||||||
Earnings Before Income Taxes | 283 | 311 | (9.0) | % | ||||||||
Net Income Available to Common | 217 | 225 | (3.6) | % | ||||||||
Georgia Power – | ||||||||||||
Operating Revenues | $ | 1,833 | $ | 1,961 | (6.5) | % | ||||||
Earnings Before Income Taxes | 392 | 445 | (11.9) | % | ||||||||
Net Income Available to Common | 311 | 352 | (11.6) | % | ||||||||
Mississippi Power – | ||||||||||||
Operating Revenues | $ | 287 | $ | 302 | (5.0) | % | ||||||
Earnings (Loss) Before Income Taxes | 44 | (11) | N/M | |||||||||
Net Income (Loss) Available to Common | 37 | (7) | N/M | |||||||||
Southern Power1 – | ||||||||||||
Operating Revenues | $ | 443 | $ | 509 | (13.0) | % | ||||||
Earnings Before Income Taxes | 18 | 16 | 12.5 | % | ||||||||
Net Income Available to Common | 56 | 121 | (53.7) | % | ||||||||
Southern Company Gas1 – | ||||||||||||
Operating Revenues | $ | 1,474 | $ | 1,639 | (10.1) | % | ||||||
Earnings Before Income Taxes | 347 | 383 | (9.4) | % | ||||||||
Net Income Available to Common | 270 | 279 | (3.2) | % | ||||||||
N/M - not meaningful | ||||||||||||
Notes | ||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | ||||||||||||
(1) | Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company's ownership interest in Plants Oleander and Stanton on December 4, 2018; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) the disposition of Gulf Power Company on January 1, 2019. | |||||||||||
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SOURCE Southern Company
Article Date
5/1/20194/24/2019 - Georgia Power receives Louis C. Brown MD Vanguard Award from the Morehouse School of Medicine
Georgia Power receives Louis C. Brown MD Vanguard Award from the Morehouse School of Medicine
Source: PR Newswire
ATLANTA, April 24, 2019 /PRNewswire/ -- Georgia Power was honored Thursday night with the 2019 Louis C. Brown MD Vanguard Award for its leadership in improving health and wellbeing in Georgia by the Morehouse School of Medicine (MSM).
The Louis C. Brown MD Vanguard Award – named in honor of the late Atlanta internist and founder of MSM – recognizes individuals and organizations whose pioneering spirit and demonstrated leadership have made a significant contribution to the health and wellbeing of underserved communities in Georgia and the nation. The honor, which was presented during the school's 11th Anniversary Hugh Gloster Society Celebration in Atlanta, was given to Georgia Power for the company's long-time support of MSM and commitment to improving the health and wellbeing of all communities in Georgia.
"We are so honored to receive the Vanguard Award. It recognizes the more than 30 years that Georgia Power and the Morehouse School of Medicine have been working together to make Georgia communities better," said Paul Bowers, chairman, president and CEO, Georgia Power. "The Morehouse School of Medicine's commitment to providing improved health services and educational pathways to underserved communities across our state parallels Georgia Power's mission to be a citizen wherever we serve and help every community thrive for generations to come."
Georgia Power has been a supporter of MSM since 1985. During the 33-year partnership, Georgia Power and MSM have worked together to help provide science, technology, engineering and mathematics education to nearly 5,000 students through K-12 programs, the MSM Undergraduate Health Sciences Academy and other pipeline programs. These efforts are helping to secure a better future for children and young adults from underrepresented populations across Georgia and provide more doctors and medical professionals for the state, including in rural and disadvantaged areas.
"The word 'vanguard' is not one we use lightly at Morehouse School of Medicine," said Dr. Valerie Montgomery Rice, president and dean of Morehouse School of Medicine. "A vanguard is a visionary, a steadfast supporter, and an untiring advocate for what is right and good. A vanguard leads by example and works tirelessly to make the world a better place. So, it is with great pride that we have named Georgia Power the recipient of the distinguished 2019 Louis C. Brown MD Vanguard Award."
Past individuals and organizations honored with the Vanguard Award include President Bill H. Clinton; 16th U.S. Surgeon General Dr. David Satcher; 18th U.S. Surgeon General Dr. Regina M. Benjamin, M.D.; Chairman of the Fulton-DeKalb Hospital Authority Thomas Dortch; baseball legend Henry "Hank" Aaron; and last year's recipient, Kaiser Permanente.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/24/2019Southern Company Named No. 14 on Forbes' Ranking of America's Best Employers
Source: PR Newswire
ATLANTA, April 24, 2019 /PRNewswire/ -- Southern Company ranked No. 14 on Forbes magazine's 2019 list of America's Best Employers. Of the 500 large employers ranked, Southern Company was No. 1 among industry peers, No. 1 among Atlanta-based companies and No. 1 in Georgia. This is the second consecutive year Southern Company ranked in the top 20, rising three spots from last year's list.
"It is our mission to create a workplace where diverse perspectives are welcomed and employees feel comfortable, valued and appreciated," said Southern Company chairman, president and CEO Tom Fanning. "This honor is particularly gratifying because it is directly based on employee feedback. Southern Company's talented, diverse and engaged employees are the heart of everything we do as we build the future of energy."
To determine the list, Forbes, working with research firm Statista, anonymously surveyed 50,000 Americans working for businesses with at least 1,000 employees. The respondents were asked to rate, on a scale of zero to 10, how likely they would be to recommend their employer to others. Statista then asked respondents to nominate organizations in industries outside their own.
Visit the Southern Company Careers page to learn more about how to join the Southern Company team.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/24/20194/22/2019 - Georgia Power celebrates Earth Month this April
Georgia Power celebrates Earth Month this April
Source: PR Newswire
ATLANTA, April 22, 2019 /PRNewswire/ -- Georgia Power is celebrating Earth Month this year with environmental service projects that enhance and beautify communities across the state. Throughout the year, employees focus on stewardship projects that protect and enhance the communities in which they live and work. In honor of Earth Month this April, hundreds of employees are taking part in dozens of local events working together with neighbors and community partners.
Just a few of the projects around the state taking place on Earth Day include:
Additionally, employees completed environmental projects earlier this month including:
"Our Georgia Power employees are committed to being good environmental stewards through education, partnerships and volunteerism that result in conservation, restoration and increased awareness," said Dr. Mark Berry, vice president of environmental & natural resources at Georgia Power. "We focus on these efforts because they make our communities great not only for the present, but they help create a better Georgia for the next generation."
In addition to Earth Month volunteer projects, Georgia Power supports environmentally focused organizations and programs that improve air and water quality, preserve natural resources and protect endangered species all year long. One example is the company's sponsorship and participation in river and lake cleanups around the state throughout the year. These events are hosted and sponsored by Georgia Power through Southern Company's Renew Our Rivers initiative.
The company is also a corporate sponsor of Rivers Alive, a volunteer waterway cleanup initiative targeting streams, rivers, lakes, beaches and wetlands across Georgia. Since 2003, Georgia Power employees and other volunteers statewide have removed more than two million pounds of trash through the program.
Since 1883, Georgia Power has remained steadfast in its mission to improve the same communities it calls home for its customers, employees, neighbors and friends. In 2018, 3,400 employees and 2,000 retirees volunteered 143,000 hours.
To learn more about Georgia Power's environmental commitment, visit www.GeorgiaPower.com/Environment.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/22/2019Southern Power Reaches Agreement to Sell the Nacogdoches Generating Facility
Source: PR Newswire
ATLANTA, April 18, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered into an agreement to sell the Nacogdoches Generating Facility to Austin Energy for $460 million.
Southern Power began commercial operation of the Nacogdoches Generating Facility in Sacul, Texas, in 2012. The 115-megawatt (MW) plant serves electricity needs in Austin, Texas under a long-term power purchase agreement with Austin Energy.
"The Nacogdoches Generating Facility is one of the largest wood-fired biomass plants in the United States and has been a part of Southern Power's generation fleet since 2012, demonstrating strong operating performance," said Southern Power President and CEO, Mark Lantrip. "This transaction provides benefits to Southern Power and offers Austin Energy the opportunity to own a significant regional energy resource. Southern Power will continue providing clean, safe, reliable and affordable wholesale energy to customers with a diverse group of assets that includes one of the largest carbon-free renewable energy portfolios in the United States."
The $460 million purchase price is subject to customary closing adjustments. The transaction is expected to close in mid-2019, subject to customary closing conditions. Proceeds will be used to strengthen the balance sheet of Southern Company, help meet projected equity needs and further de-risk financing plans.
Barclays is serving as the financial advisor and Baker Botts is serving as primary legal counsel to Southern Power.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries own 48 facilities operating or under construction in 11 states with more than 11,300 MW of generating capacity in Alabama, California, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the disposition described herein and the expected benefits of such disposition. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and Southern Power believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the inability to achieve the expected financial benefits of the proceeds generated by the transaction; the risk that a condition to closing of the disposition may not be satisfied; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's and Southern Power's reports filed with the Securities and Exchange Commission. There can be no assurance that the disposition will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in Southern Company's and Southern Power's Annual Reports on Form 10-K for the fiscal year ended December 31, 2018 and subsequent securities filings. Southern Company and Southern Power caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company or Southern Power, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the disposition or other matters attributable to Southern Company or Southern Power or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Southern Company and Southern Power undertake no obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Power
Article Date
4/18/20194/18/2019 - Georgia Power names David Poroch executive vice president, chief financial officer and treasurer
Georgia Power names David Poroch executive vice president, chief financial officer and treasurer
Source: PR Newswire
ATLANTA, April 18, 2019 /PRNewswire/ -- Georgia Power's Board of Directors has elected David Poroch as executive vice president, chief financial officer and treasurer, effective immediately. In his new role, Poroch will be responsible for overseeing the company's accounting and financial functions.
"David's extensive knowledge about the energy industry and financial services from inside and outside of the Southern Company system will be an asset to our leadership team at Georgia Power," said Paul Bowers, chairman, president and CEO of Georgia Power. "His experience will prove valuable as we continue to evolve our business to best meet the changing needs of our customers now and in the future."
Poroch began his career with Southern Company in 2012 as vice president and chief audit executive for Southern Company Services. Most recently, he has served as Georgia Power vice president and comptroller since 2014 where he was responsible for financial reporting, accounting research and internal controls, as well as revenue, tax, joint-ownership, and property and regulatory accounting. Prior to joining Southern Company, he was a partner with Deloitte & Touche LLP, where he gained nearly two decades of experience in the utilities sector of the energy industry and financial services.
He earned his bachelor's degree in business administration from Northwood University in Midland, Michigan. A certified public accountant, Poroch is a member of the American Institute of Certified Public Accountants and is licensed in Georgia, Michigan and Florida. Poroch also serves on the boards of the Atlanta Botanical Gardens and the Humane Society of Northeast Georgia.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/18/2019Georgia Power continues to make progress on ash pond closure at Plant Yates with dewatering process to begin in mid-May
Source: PR Newswire
ATLANTA, April 18, 2019 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of seven ash ponds at Plant Yates with the dewatering process scheduled to begin in mid-May. Dewatering marks a significant step towards completing the closure process, and Georgia Power's ash pond closure plan for Plant Yates is specifically designed for the site to help ensure water quality is protected every step of the way.
Four of the ash ponds nearest the river at Plant Yates are to be completely excavated with the ash consolidated with the remaining three ponds, which will be closed in place using advanced engineering methods and technologies. Ash pond closures are site-specific and consider multiple factors, such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers.
"As we begin the dewatering process at Plant Yates, we are pleased with the progress we have made on our ash pond closure process throughout the state at all of our plants," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We continue to focus on safety and meeting all compliance requirements throughout the process to fulfill our longstanding commitment to protect the environment and local communities. We have invested in appropriate water treatment systems to help ensure that our dewatering process is protective of the area's rivers. Throughout the process, clear communication to our customers and the community about our progress remains a priority."
The ash pond dewatering plan for Plant Yates that has been approved by the Georgia Environmental Protection Division (EPD) identifies the enhanced water treatment system, controls and monitoring that will be used during the process to help ensure that the water discharged is protective of water quality standards. The planned on-site closure methods will be permitted and regulated by the EPD.
To date, the company has removed two of the seven ash ponds at Plant Yates, completed engineering and feasibility studies and filed permit applications with the EPD for the remaining ash ponds on site. Communication regarding the closure plan is provided through EPD notifications, advance public notice of permits and updates to local homeowners and local media. To read more about Plant Yates's ash pond closure and dewatering process, click here.
Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. The company is in the process of completely excavating 19 ash ponds located adjacent to lakes and rivers with the remaining 10 being closed in place using advanced engineering methods and closure technologies.
In November 2018, Georgia Power completed the submission of 29 Coal Combustion Residuals (CCR) permit applications as required by the Georgia CCR rule for ash ponds and landfills. These permit applications outlined significant and detailed engineering information about Georgia Power's ash pond closure plans and landfill operations plans. The permitting application process was developed and completed with significant internal and external resources supported by multiple third-party consulting and engineering firms.
Georgia Power's ash pond closure plans fully comply with the federal CCR rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the EPD will approve all actions to ensure ash pond closures are protective of water quality.
In 2016, the company announced that all ash ponds will stop receiving coal ash in three years and the significant construction work necessary to accommodate the dry-handling of ash is on track to be completed in 2019. Today, more than 60 percent of the coal ash Georgia Power produces is recycled for various beneficial uses, such as Portland cement, concrete and cinder blocks.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells, including 45 wells at Plant Yates, around its ash ponds and landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The company continues to post testing results on Georgia Power's website and report them to the EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
Dewatering Process
Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to help ensure that it meets the requirements of the plant's wastewater discharge permits approved by the EPD and is protective of applicable water quality standards. The dewatering process marks a significant step towards completing the ash pond closure process and has begun at four of Georgia Power's plants: Bowen, McDonough, McManus and Branch, with Plant Yates scheduled to begin in mid-May.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations and tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
4/18/20194/15/2019 - Southern Company increases dividend for 18th consecutive year; annualized rate goes to $2.48 per share
Southern Company increases dividend for 18th consecutive year; annualized rate goes to $2.48 per share
Source: PR Newswire
ATLANTA, April 15, 2019 /PRNewswire/ -- Southern Company announced today it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.48 per share.
This marks the 18th consecutive year that Southern Company has raised the dividend on its common stock.
Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 62 cents per share, payable June 6, 2019, to shareholders of record as of May 20, 2019. Today's action by the board ensures Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter every quarter dating back to 1948.
"Today's action by our board of directors reinforces the strength and sustainability of Southern Company's business," said Southern Company chairman, president and CEO Thomas A. Fanning. "For decades, our dividends, dividend growth and overall shareholder value proposition have been supported by an outstanding portfolio of energy businesses."
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/15/2019Thomas M. Holder named to Georgia Power Board of Directors
Source: PR Newswire
ATLANTA, April 15, 2019 /PRNewswire/ -- Georgia Power has elected Thomas "Tommy" M. Holder to the company's board of directors, effective May 1, 2019. Holder is chairman and CEO of Atlanta-based Holder Construction Company.
Holder Construction is a national commercial construction services firm that consistently ranks as one of the Nation's Top 100 Contractors and has one of the largest teams of general contractors, construction managers and design-builders in the United States. Holder joined the company in 1976 and has held various positions in operations and management before being named chairman and CEO in 1997.
"As head of Holder Construction, Tommy offers expertise across construction management, planning and design, safety, sustainability and more," said Paul Bowers, chairman, president and CEO of Georgia Power. "His leadership and experience will be an asset to Georgia Power as we continue to invest in all areas of our business to best serve our customers now and in the future. We welcome him to our board of directors."
A native of Atlanta and an active member in the community, Holder serves as board chair of Children's Healthcare of Atlanta and is chair of the Facilities Committee of the Woodruff Arts Center. He is a board member of the Westside Future Fund, the Metro Atlanta Chamber of Commerce, the Georgia Research Alliance, the Georgia Tech Foundation and the Georgia Historical Society. He is also a member of the Rotary Club of Atlanta.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/15/20194/10/2019 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., April 10, 2019 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending June 30, 2019, payable July 1, 2019, to shareholders of record on June 14, 2019.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
4/10/2019Georgia Power, Georgia DOT encourage drivers to be road work aware
Source: PR Newswire
ATLANTA, April 8, 2019 /PRNewswire/ -- Spring has arrived which means road, tree and utility work is on the rise. Georgia Power, in collaboration with the Georgia Department of Transportation (GDOT), encourages motorists to drive alert during National Work Zone Awareness Week, which runs from April 8-12. The theme of this year's national campaign is "Drive Like You Work Here."
National Work Zone Awareness Week, which began in 1999, is designed to inform motorists about the dangers of driving through work zones and of the perils faced by construction and maintenance workers. According to GDOT's most recent statistics, there were 20,834 total crashes in Georgia work zones in 2017, resulting in 7,276 injuries and 55 fatalities.
Work Zone Safety Tips You Can Use:
In July of 2016, utility vehicles were included in Georgia's "Move Over Law," which requires drivers to move over one lane when crews are working on the roadside. The addition of utility workers to the law will help to ensure safety for linemen who may be working on the roadside at night or following severe weather to repair damaged equipment or restore power for customers. If drivers are unable to move over, they should slow down below the speed limit and be prepared to stop.
The safety of Georgia Power's employees and customers is a top priority every day. Georgia Power is an active member of the Georgia OSHA Struck-By Alliance which provides member organizations with information, guidance, and access to training resources to help protect the health and safety of workers. To mark National Work Zone Awareness Week, Georgia Power field staff will receive additional instruction on safety best practices and situational awareness to use throughout the year.
Additional Resources from the Georgia Department of Transportation
Before getting on the road during winter weather Georgia DOT urges motorists to call 511 for updated information on roadway conditions. Georgia 511 is a free phone service that provides real-time traffic and travel information statewide, including closures and hazardous conditions on interstates and state routes. Callers can transfer to operators to request complimentary vehicle assistance on interstate highways across Georgia from the Highway Emergency Response Operators (HERO) and the Coordinated Highway Assistance & Maintenance (CHAMP) programs - 24 hours a day, seven days a week. Call 511 for vehicle assistance or to report an issue. Visit www.511ga.org. For information about Georgia DOT, visit www.dot.ga.gov. Follow Georgia DOT on Facebook (www.facebook.com/GeorgiaDOT) and Twitter (http://twitter.com/gadeptoftrans).
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/8/2019Southern Company first-quarter earnings to be released May 1
Source: PR Newswire
ATLANTA, April 5, 2019 /PRNewswire/ -- Southern Company plans to release its earnings for the first quarter of 2019 by 7 a.m. ET on Wednesday, May 1.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. ET on Wednesday, May 1.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/5/2019Southern Company Gas Leaders Build Bikes for Metro Atlanta Youth
Source: PR Newswire
ATLANTA, April 2, 2019 /PRNewswire/ -- Nearly 50 executives of Southern Company Gas — the leading natural gas company in the industry, headquartered in Atlanta — spent time during their annual executive leadership meeting to focus on building bikes instead of business.
The team assembled 12 new bikes during a team building exercise. They were donated at the end of the meeting to kids from the Boys and Girls Club of Winder-Barrow. Southern Company Gas leaders say they hope their efforts will have a lasting impact in the local community.
"We're building more than just bikes, we're showcasing one of the core values of our company, which is to ensure that our communities are better off because we're there," said Southern Company Gas CEO Kim Greene. "These bikes will build more than just relationships and skills between these teams today ... they will work to enrich the lives of one of the communities we're privileged to serve."
Each day, the Boys and Girls Club of Winder-Barrow supports about 150 kids in a community serviced by Atlanta Gas Light, a subsidiary of Southern Company Gas.
Perez Watson, teen coordinator of the Winder-Barrow organization, was there to accept the bikes.
"This is great, and I can promise you they'll be put to good use," Watson said. "We couldn't do the important work we do in the community without the strong support of companies such as Southern Company Gas."
Southern Company Gas executives from Atlanta Gas Light, Nicor Gas and Virginia Natural Gas participated in the bike build.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com
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SOURCE Southern Company
Article Date
4/2/20194/1/2019 - April is National Safe Digging Month
April is National Safe Digging Month
Source: PR Newswire
NAPERVILLE, Ill., April 1, 2019 /PRNewswire/ -- With spring here and the ground ready for digging, Nicor Gas is committed to enhancing the safety of homeowners and excavators as they gear up to start outdoor projects. Whether putting in a fence, planting a tree or building a deck, knowing where the utility lines are before you dig helps prevent injuries, property damage and inconvenient utility outages.
Nationwide, an underground utility line is damaged once every six minutes because someone decided to dig without first calling 811, according to Common Ground Alliance. CGA is a national advocacy organization focused on preventing damage to underground infrastructure.
In Illinois, calling 811 connects to JULIE (Joint Utility Locating Information for Excavators), which notifies the appropriate utility companies of the intent to dig. Utility representatives are then sent, free of charge, to the requested digging sites to mark the approximate locations of underground lines with flags or spray paint. If Nicor Gas has natural gas pipelines in the area, their approximate location will be marked with yellow paint and/or flags. Once all lines have been marked, it is important that residents and excavators respect the marks and use the appropriate tools to dig with care and according to legal, safe digging practices. For information on safe digging best practices and other valuable damage prevention information, refer to recommendations outlined by the Common Ground Alliance at commongroundalliance.com/programs/best-practices.
To protect underground utilities and to help ensure that communities stay safe and connected, Nicor Gas is providing homeowners and professional excavators with the following safe digging guidelines:
For more information about natural gas safety, visit nicorgas.com/safety.
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and 774,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit www.southerncompanygas.com.
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SOURCE Nicor Gas
Article Date
4/1/2019Thank a Lineman in April for their hard work and dedication
Source: PR Newswire
ATLANTA, April 1, 2019 /PRNewswire/ -- For the seventh year in a row, Georgia Power and other electric utilities in Georgia are celebrating and thanking linemen across the state. The daily work done by linemen in Georgia's communities is always recognized, but their work is especially pronounced during outages following severe weather such as spring and summer thunderstorms, tornadoes, hurricanes and snow and ice storms in the winter.
Throughout Georgia Power's 2019 Thank a Lineman initiative, saying "thank you" is quick and easy by signing the digital card at www.georgiapower.com/thankalineman. Additionally, Georgians can celebrate and engage with linemen stories and videos on social media by using and following #ThankALineman and visiting Georgia Power's Facebook (www.facebook.com/GeorgiaPower), Twitter (@GeorgiaPower) and Instagram (@ga_power) pages.
"Whether it is a historic hurricane, a summer storm or a fallen tree that knocks out power, our linemen work as quickly and safely as possible to get the power back on for our 2.6 million customers across Georgia," said Pedro Cherry, executive vice president of customer service and operations for Georgia Power. "That's why we are proud to recognize them and show our appreciation not just this month, but every day."
In 2018, the third-strongest hurricane to make landfall in the U.S. in modern recorded history, Hurricane Michael, crossed through the state, with the hardest hit areas in Southwest Georgia. To complete restoration as quickly and safely as possible, more than 5800 personnel and crews from Georgia Power, other Southern Company operating companies and assisting utilities worked around the clock to fully restore power to more than 422,000 customers. They replaced approximately 2,000 broken or damaged power poles and nearly 220 miles of wire (4,800 spans) and cleared more than 1,200 fallen trees that caused damage. Georgia residents did not wait for April to say thanks – roadsides, parking lots and social media "lit up" in the days following the storm with signs and letters of thanks for workers' fast responses.
A Powerful Assistance Network
In addition to serving the company's 2.6 million customers in Georgia, Georgia Power linemen are often called away from their families to help restore power to neighboring states when major storms or disasters occur. These linemen can travel thousands of miles each year and can spend weeks in the field helping restore power to customers as far away as New York and Houston. Thanks in large part to these linemen, the company has received recognition from the Edison Electric Institute (EEI) for outstanding emergency response, including multiple Emergency Recovery Awards and the Emergency Assistance Award.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
View original content to download multimedia:http://www.prnewswire.com/news-releases/thank-a-lineman-in-april-for-their-hard-work-and-dedication-300822032.html
SOURCE Georgia Power
Article Date
4/1/20194/1/2019 - April is National Safe Digging Month
April is National Safe Digging Month
Source: PR Newswire
ATLANTA, April 1, 2019 /PRNewswire/ -- With spring here and the ground ready for digging, Atlanta Gas Light is committed to enhancing the safety of homeowners and excavators as they gear up to start outdoor projects. Whether putting in a fence, planting a tree or building a deck, knowing where the utility lines are before you dig helps prevent injuries, property damage and inconvenient utility outages.
Nationwide, an underground utility line is damaged once every six minutes because someone decided to dig without first calling 811, according to Common Ground Alliance. CGA is a national advocacy organization focused on preventing damage to underground infrastructure.
Contacting Georgia 811 notifies the appropriate utility companies of the intent to dig. Utility representatives are then sent free of charge to the requested digging sites to mark the approximate locations of underground lines with flags or spray paint. If Atlanta Gas Light has natural gas pipelines in the area, their approximate location will be marked with yellow paint and/or flags. Once all lines have been marked, it is important that residents and excavators respect the marks and use the appropriate tools to dig with care and according to legal, safe digging practices. For information on safe digging best practices and other valuable damage prevention information, refer to recommendations outlined by the Common Ground Alliance at commongroundalliance.com/programs/best-practices.
To protect underground utilities and to help ensure that communities stay safe and connected, Atlanta Gas Light is providing homeowners and professional excavators with the following safe digging guidelines:
If a natural gas line is damaged accidentally or the distinctive rotten-egg odor associated with natural gas is present, call 911 or the Atlanta Gas Light 24-hour emergency phone line at 1.877.427.4321 from a safe location. Do not operate any machinery or equipment that might cause a spark or create an open flame.
For more information about natural gas safety, visit atlantagaslight.com.
About Atlanta Gas Light
Atlanta Gas Light is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 685,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com.
View original content to download multimedia:http://www.prnewswire.com/news-releases/april-is-national-safe-digging-month-300821875.html
SOURCE Atlanta Gas Light
Article Date
4/1/2019Georgia Power recognized nationally as a utility that is "Easiest to Do Business With"
Source: PR Newswire
ATLANTA, March 29, 2019 /PRNewswire/ -- Residential customers rated Georgia Power as a utility that's "Easiest to Do Business With," according to the 2019 Cogent Reports Utility Trusted Brand & Customer Engagement™: Residential study by Market Strategies International-Morpace. The study examined the nation's 140 largest electric and natural gas utility brands. Only 33 companies received "Easiest to Do Business With" recognition.
"We strive every day to give our customers the best experience," said Kevin Kastner, Georgia Power vice president of Customer Service. "We are constantly adapting our processes as we focus on our customers, and we are delighted to see these efforts recognized."
The study utilized a Customer Effort index score to measure how easy it is for customers to interact with a utility across service, communication and product touchpoints. Residential utility customers get 94 percent of their satisfaction from the amount of effort required to do business with their utility.
For example, customers who indicate they had an easy service experience spend 50 percent less time on the phone with customer service, which is a win for both customer satisfaction and utility cost. Additionally, customers who find it easy to work with their utility use more of its enhanced programs and offerings, which leads to increased customer loyalty and use of products and services.
Around the clock service features are available for customers on georgiapower.com. Using the website, customers can easily pay bills, review billing and payment information and history, monitor energy usage, start/stop/move electric service, find authorized payment locations, report power outages, and more. Residential customer service representatives are available to answer questions Monday – Friday, 7 a.m. – 9 p.m., at 1-888-660-5890 and via online chat. Power outages can also be reported 24/7 at 1-888-891-0938 or via the website.
Customers can also connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power) to receive the latest Georgia Power news and information, including helpful storm tips, outage updates, and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-recognized-nationally-as-a-utility-that-is-easiest-to-do-business-with-300821032.html
SOURCE Georgia Power
Article Date
3/29/2019Georgia Power, DOE finalize $1.67 billion loan guarantee for new Vogtle units
Source: PR Newswire
ATLANTA, March 22, 2019 /PRNewswire/ -- U.S. Energy Secretary Rick Perry, Georgia Governor Brian Kemp, U.S. Agriculture Secretary Sonny Perdue and North America's Building Trades Unions President Sean McGarvey joined Southern Company Chairman, President and CEO Tom Fanning, Georgia Power Chairman, President and CEO Paul Bowers and hundreds of workers and special guests at the Vogtle 3 & 4 nuclear expansion project today near Waynesboro, Georgia, to announce the closing of approximately $1.67 billion in additional Department of Energy (DOE) loan guarantees for the new Vogtle units.
In addition, Georgia Public Service Commissioners Lauren "Bubba" McDonald, Tim Echols, Chuck Eaton, Tricia Pridemore and Jason Shaw were also in attendance, along with U.S. Representatives Rick Allen and Buddy Carter, and Vogtle 3 & 4 co-owners: Oglethorpe Power President and CEO Mike Smith, MEAG Power President and CEO Jim Fuller and Dalton Utilities CEO Tom Bundros.
"The Vogtle project is critically important to supporting the Administration's direction to revitalize and expand the U.S. nuclear industry," said Secretary Perry. "A strong nuclear industry supports a reliable and resilient grid, and strengthens our energy and national security. As I've witnessed firsthand today, Vogtle is also an energy infrastructure project with a massive scope employing thousands of workers. This project is rebuilding a highly skilled U.S. nuclear workforce and supply chain for the future."
Georgia Power had previously secured loan guarantees of $3.46 billion for the construction of the new units, the first to be built in the United States in more than 30 years.
"Since the project began, we have committed to minimize the impact these new units will have on customers' bills, and securing these loans plays a key role by reducing our financing costs and passing along those benefits to our customers," said Bowers. "We thank the administration, DOE, Secretary Rick Perry and members of Congress for their continued support of the Vogtle 3 & 4 project."
Secretary Perry also witnessed one of the most important milestones for the project to date – the placement of the top of the containment vessel for Unit 3, signifying that all modules and large components have been placed inside the unit.
"The progress we are marking today is a direct result of the tremendous support the project has received," said Fanning. "From the very beginning, public and private partners have stood with us as we endeavor to build the first new nuclear development in the U.S. in a generation. Everyone involved in the project remains focused on sustaining our momentum and is poised to execute on the important work to come in the days ahead."
"We have made significant progress since taking over construction at the site and expect that momentum to continue this year," said Bowers. "Placement of the Unit 3 top head is a historic milestone for the project, reflecting the hard work and dedication of the Vogtle 3 & 4 team as we transition these units closer to operation."
The containment vessel is a high-integrity steel structure that houses critical plant components. The top head is 130 feet in diameter, 37 feet tall, and weighs nearly 1.5 million pounds, more than two fully loaded jumbo jets. It's comprised of 58 large plates, welded together, each more than an inch and a half thick.
Georgia Power owns 45.7 percent of the new units, with the project's other co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities.
Progress and Productivity
With more than 7,000 workers currently onsite and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia. Recruiting efforts continue to attract additional craft workers to the Vogtle 3 & 4 project, with more than 700 pipefitters, electricians and other craft labor joining the project since Nov. 1.
Significant progress continues at the site, with the project now approximately 75 percent complete. Several significant milestones have been achieved in recent months including:
Follow the progress being made at the site with new photos and video available at: Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected construction progress at Plant Vogtle Units 3 and 4 and the expected benefit of the additional DOE loan guarantees. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of natural gas and other fuels; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities, including Plant Vogtle Units 3 and 4 which includes components based on new technology that only recently began initial operation in the global nuclear industry at this scale, including changes in labor costs, availability, and productivity; challenges with management of contractors, subcontractors, or vendors; adverse weather conditions; shortages, increased costs, or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; non-performance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including the timely resolution of Inspections, Tests, Analyses, and Acceptance Criteria and the related approvals by the U.S. Nuclear Regulatory Commission (NRC); challenges with start-up activities, including major equipment failure and system integration; and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other co-owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; in the event Georgia Power becomes obligated to provide funding to Municipal Electric Authority of Georgia (MEAG) with respect to the portion of MEAG's ownership interest in Plant Vogtle Units 3 and 4 involving Jacksonville Electric Authority, any inability of Georgia Power to receive repayment of such funding; the inherent risks involved in operating and constructing nuclear generating facilities; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/22/2019Energy Secretary Rick Perry to visit Vogtle 3 & 4 site, deliver remarks
Source: PR Newswire
ATLANTA, March 20, 2019 /PRNewswire/ -- U.S. Department of Energy (DOE) Secretary Rick Perry will join U.S. Department of Agriculture Secretary Sonny Perdue; Georgia Gov. Brian Kemp; Southern Company Chairman, President and CEO Tom Fanning; Georgia Power Chairman, President and CEO Paul Bowers; and Sean McGarvey, President, North America's Building Trades Unions on Friday, March 22, to deliver remarks and tour Georgia Power's Vogtle 3 & 4 construction site, where more than 7,000 workers are currently building the nation's first new nuclear units in more than 30 years.
Secretary Perry, Secretary Perdue, Gov. Kemp, Fanning, Bowers and McGarvey are expected to deliver remarks during the visit, which will be open to media. In addition, Georgia Public Service Commissioners Lauren "Bubba" McDonald, Tim Echols, Chuck Eaton, Tricia Pridemore and Jason Shaw will also be in attendance, along with the Vogtle 3 & 4 co-owners: Oglethorpe Power President and CEO Mike Smith, MEAG Power President and CEO Jim Fuller and Dalton Utilities CEO Tom Bundros.
WHO: | Rick Perry, U.S. Department of Energy Secretary |
Sonny Perdue, U.S. Department of Agriculture Secretary | |
Brian Kemp, Governor of Georgia | |
Tom Fanning, Southern Company, Chairman, President and CEO | |
Paul Bowers, Georgia Power Chairman, President and CEO | |
Sean McGarvey, President, North America's Building Trades Unions | |
WHEN: | Friday, March 22, 9:30 a.m. ET; Media should plan to arrive by 8:30 a.m. ET |
WHERE: | Vogtle Nuclear Plant; Vogtle Support Center |
7821 River Road, Waynesboro, Georgia 30830 |
*Due to security clearance, members of the media must indicate intention to cover this event by noon Thursday, March 21.
Please direct RSVPs to Jeff Wilson at jeawilso@southernco.com or (404) 506-7676.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/energy-secretary-rick-perry-to-visit-vogtle-3--4-site-deliver-remarks-300815815.html
SOURCE Georgia Power
Article Date
3/20/2019Spring into energy savings with tips from Georgia Power
Source: PR Newswire
ATLANTA, March 20, 2019 /PRNewswire/ -- Spring brings warmer temperatures and Georgia Power reminds customers that it's a great time to reevaluate ways to save on your power bill and make adjustments and upgrades that can deliver big savings during the heat of summer.
Spring tips from Georgia Power include:
Customers can visit the newly launched Georgia Power Marketplace online at www.georgiapowermarketplace.com to purchase the most popular energy saving products from smart thermostats to LED lighting in a single convenient online portal that streamlines the rebate process through integration with customers' accounts.
Saving Made Easy
Georgia Power offers customers convenient and valuable energy saving tools and resources online at www.georgiapower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/spring-into-energy-savings-with-tips-from-georgia-power-300815663.html
SOURCE Georgia Power
Article Date
3/20/2019Georgia Power, PulteGroup announce new smart home technology partners, construction progress for Atlanta's first Smart Neighborhood(TM)
Source: PR Newswire
ATLANTA, March 19, 2019 /PRNewswire/ -- Atlanta's first Smart Neighborhood™, a development of Georgia Power and PulteGroup, Inc. (NYSE: PHM), is announcing four new project partners as well as progress on the neighborhood's construction with the insulation and sheetrock going in over the next few weeks. Delta, ecobee, LG Chem and Vivint are joining PulteGroup's Altus at the Quarter development, located in Atlanta's Upper West Side.
"We know that today's customers want more options over how and when they use their energy. That's why, at Georgia Power, we work to provide innovative energy solutions for our customers through projects like the Smart Neighborhood," said Pedro Cherry, executive vice president of customer service and operations for Georgia Power. "We're excited that our newest partners share in that passion for providing customers with smart technology to more efficiently manage their energy needs."
"At PulteGroup, we're always working to integrate new technologies that can deliver creative energy solutions for our homeowners," said Will Cutler, Georgia division president for PulteGroup. "In addition to the superior energy efficiency of each unit, the use of individual rooftop solar installations and in-home battery energy storage are yet another way our partnership with Georgia Power translates into lasting benefits for homeowners and the environment."
New participating smart home technology partners include:
These partnerships are examples of Georgia Power and PulteGroup's commitment to serving customers through sustainable, energy efficient solutions. The first 46 townhomes developed at Altus at the Quarter will be a part of the Georgia Power Smart Neighborhood and will feature the Hutton floor plan featuring 2,349+ sq. ft., four-story townhomes with three to four bedrooms and a two-car garage. The community is located at the intersection of Marietta Blvd. and Bolton Drive. Development is underway with the model grand opening scheduled for summer 2019.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in approximately 50 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide homebuyers with innovative solutions and consumer inspired homes and communities to make lives better. For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroupinc.com; http://www.pulte.com [pulte.com]; http://www.centex.com [centex.com]; http://www.delwebb.com [delwebb.com]; http://www.divosta.com [divosta.com] and http://www.jwhomes.com [jwhomes.com]. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.
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SOURCE Georgia Power
Article Date
3/19/2019Refueling activities underway at Plant Vogtle Unit 2 following continuous 522-day run
Source: PR Newswire
BIRMINGHAM, Ala., March 12, 2019 /PRNewswire/ -- Plant operators safely took Unit 2 of the Alvin W. Vogtle Electric Generating Plant offline Sunday, March 10, at 5 a.m. EDT for a scheduled refueling outage. Unit 2 completed a 522-day breaker-to-breaker run, remaining online for nearly 18 months of continuous operation.
Each of the two units at Plant Vogtle requires new fuel every 18 months. The most recent refueling outage for Unit 2 was completed in the fall of 2017.
In addition to refueling the reactor during the outage, workers will perform regular maintenance, testing and upgrades to plant equipment.
"I'm proud of our Vogtle team for keeping Unit 2 operating at the highest levels of performance during the latest fuel cycle to achieve operational excellence," said Darin Myers, site vice president for Vogtle units 1 and 2. "Safety is always our top priority, and during this outage our workers and supporting partners are committed to achieving it safely and successfully. Our comprehensive planning as one team has positioned us for excellence."
Southern Company subsidiary Southern Nuclear operates Plant Vogtle on behalf of Georgia Power and the plant's other Georgia co-owners. Employees from across the Southern Nuclear fleet as well as nearly 1,200 additional workers from Westinghouse, General Electric, Day & Zimmermann and other companies have come to the plant to assist the site employees in completing the multiple tasks required to ensure the unit will run safely and reliably for the next 18 months.
These additional workers provide considerable economic stimulus to surrounding communities during their stay in the area.
Vogtle Unit 1 will continue to safely generate electricity while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of Dec. 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of Dec. 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
3/12/2019Georgia Power announces new microgrid project with Georgia Tech
Source: PR Newswire
ATLANTA, March 6, 2019 /PRNewswire/ -- Georgia Power today announced, in collaboration with Georgia Tech, it will build a new 1.4 MW microgrid in Tech Square at Spring and 5th streets in Metro Atlanta. Microgrids are self-contained power systems co-located with the facilities they serve that include generation resources, storage systems and energy management systems.
The Tech Square Microgrid, which was approved by the Georgia Public Service Commission and will begin operating this fall, will be used to evaluate how a microgrid can effectively integrate into and operate as part of the overall electrical grid. Additionally, it will serve as a living laboratory for Georgia Tech professors and students who will use the asset to gather data on controllers, cybersecurity devices and energy economics.
"The Tech Square Microgrid project will give us a better understanding of the resiliency, sustainability and cost of microgrids to help develop emerging energy solutions to better serve our customers now and in the future," said Paul Bowers, chairman, president and CEO for Georgia Power. "Working with Georgia Tech gives us an opportunity to drive innovation by collaborating with one of the nation's leading research institutions while students and faculty get a firsthand learning experience on an operating power system."
The microgrid will provide Georgia Power with insight on how smart energy management systems, such as the one being installed at the CODA data center that is currently under construction, can interact with the grid to achieve optimal utilization of energy. In addition, it will also provide teaching and learning opportunities for Georgia Tech professors and students.
"Georgia Tech and Georgia Power have partnered together on a number of important initiatives over the years, and we are very excited about our latest collaborative effort, the new microgrid in Tech Square," said Georgia Tech President G. P. "Bud" Peterson. "In addition to actually delivering power, it will also serve as a 'research microgrid,' allowing Georgia Power, Southern Company, Georgia Tech and other partners to study the microgrid performance and conduct controlled experiments to develop and test new and innovative energy solutions for the future."
The installation will include fuel cells, battery storage, diesel generators and a natural gas generator, but it is adaptive to new and additional distributed energy resources. It is designed to also accommodate microturbines, solar panels and electric vehicle chargers in the future. All components will be placed on a platform and obscured from view with seven-foot-high fencing and gate access along Williams Street in Atlanta.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/6/2019Georgia Power encourages readiness as spring weather season arrives
Source: PR Newswire
ATLANTA, March 1, 2019 /PRNewswire/ -- Spring storm season is here, and Georgia Power is encouraging its 2.5 million customers to be prepared when severe weather strikes. While March, April and May are typically the most active months for severe thunderstorms with lightning, hail and tornadoes, severe weather can happen at any time.
According to the National Weather Service, Georgia recorded 21 tornadoes in 2018, and more than 100 across the state in 2017. Georgia Power reminds customers to keep safety first during a storm and offers the following videos and tools customers can use to prepare for severe weather year-round:
Georgia Power constantly monitors changing weather conditions and remains prepared to respond to any service interruptions that might occur because of severe weather. Customers can subscribe to Georgia Power's YouTube Storm Channel for the latest safety videos and can connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram.
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SOURCE Georgia Power
Article Date
3/1/2019Simple tips from Georgia Power to avoid common scams and fraud
Source: PR Newswire
ATLANTA, Feb. 26, 2019 /PRNewswire/ -- Georgia Power is committed to the safety and security of our customers and helping to inform and educate customers about common scams and fraud. Criminals have been known to attempt a variety of scams in person, over the phone and online, including social media.
Reminders from Georgia Power to avoid common scams:
Georgia Power also reminds customers of these simple tips through public service announcements (PSA). The PSAs were produced in English and Spanish and can be viewed on the company's YouTube channel.
Georgia Power works with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scams.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
2/26/2019Georgia Power to begin dewatering at Plant Branch
Source: PR Newswire
ATLANTA, Feb. 25, 2019 /PRNewswire/ -- Georgia Power today announced that the dewatering process at Plant Branch is scheduled to begin on March 4. In December, the company announced its plans to initiate the dewatering process at the plant early this year. The dewatering process marks a significant step towards completing the site-specific closure process to completely excavate the ash ponds and store the ash in a new, lined landfill on plant property.
In preparation, Georgia Power has hosted state and local officials, as well as media, on the Plant Branch site for tours and briefings to explain how the new water treatment facility will protect water quality throughout the dewatering process. Plant Branch will be the fourth location to begin dewatering, with the process already underway at three of Georgia Power's plants: Bowen, McDonough and McManus.
The ash pond dewatering plan for Plant Branch was approved by the Georgia Environmental Protection Division (EPD) last year and includes use of an independent, third-party accredited laboratory for on-going testing of water quality with those testing results reported to EPD and provided on Georgia Power's website. The water treatment facility operator, licensed by the Secretary of State's Board of Water and Wastewater Treatment Plant Operators, will be present onsite throughout the entire process to oversee the dewatering operations and provide real time monitoring.
"The dewatering process at Plant Branch continues our progress to safely close the ash ponds at the site and is an important part of protecting water quality every step of the way," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We have invested in appropriate water treatment systems and third-party accredited laboratory testing to help ensure that this process is protective of the area's lakes and rivers."
Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. Ongoing testing will be an integral part of the dewatering process to help ensure water quality is protected. Testing will be conducted at three points through the dewatering process:
To read more about Plant Branch's ash pond closure and dewatering process, click here.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells around its ash ponds and on-site landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
To date, the company has removed one of the five ash ponds at Plant Branch, completed engineering and feasibility studies and filed permit applications with EPD for the remaining ash ponds at Plant Branch. The planned on-site lined landfill will be permitted and regulated by EPD.
Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, and in June 2016 outlined plans to safely close all 29 ash ponds at 11 active and retired coal-fired power plant sites across the state. The company is in the process of completely excavating 19 ash ponds located adjacent to lakes and rivers with the remaining 10 being closed in place using advanced engineering methods and closure technologies.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax (including federal tax reform legislation) and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; the extent and timing of costs and liabilities to comply with federal and state laws, regulations and legal requirements related to coal combustion residuals, including amounts for required closure of ash ponds and ground water monitoring; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios and fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
2/25/2019Southern Company reports fourth-quarter and full-year 2018 earnings
Source: PR Newswire
ATLANTA, Feb. 20, 2019 /PRNewswire/ -- Southern Company today reported fourth-quarter 2018 earnings of $278 million, or 27 cents per share, compared with earnings of $496 million, or 49 cents per share, in the fourth quarter of 2017. Southern Company also reported full-year 2018 earnings of $2.23 billion, or $2.18 per share, compared with earnings of $842 million, or 84 cents per share, in 2017.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $256 million, or 25 cents per share, during the fourth quarter of 2018, compared with $509 million, or 51 cents per share, during the fourth quarter of 2017. For the full-year 2018, excluding these items, Southern Company earned $3.13 billion, or $3.07 per share, compared with earnings of $3.02 billion, or $3.02 per share, in 2017.
Non-GAAP Financial Measures | Three Months Ended December | Year-to-Date December | |||
Net Income - Excluding Items (in millions) | 2018 | 2017 | 2018 | 2017 | |
Net Income - As Reported | $278 | $496 | $2,226 | $842 | |
Estimated Loss on Plants Under Construction | (6) | 211 | 1,102 | 3,366 | |
Tax Impact | (94) | (25) | (376) | (975) | |
Loss on Plant Scherer Unit 3 | - | - | - | 33 | |
Tax Impact | - | - | - | (13) | |
Acquisition, Disposition, and Integration Impacts | 58 | 16 | (35) | 35 | |
Tax Impact | (11) | 10 | 294 | 12 | |
Wholesale Gas Services | 41 | 105 | (42) | 57 | |
Tax Impact | (14) | (20) | 4 | - | |
Litigation Settlement | - | - | (24) | - | |
Tax Impact | - | - | 6 | - | |
Earnings Guidance Comparability Items: | |||||
Equity Return Related to Kemper IGCC Schedule Extension | - | - | - | (47) | |
Tax Impact | - | - | - | (9) | |
Adoption of Tax Reform | 4 | (284) | (27) | (284) | |
Net Income – Excluding Items | $256 | $509 | $3,128 | $3,017 | |
Average Shares Outstanding – (in millions) | 1,034 | 1,007 | 1,020 | 1,000 | |
Basic Earnings Per Share – Excluding Items | $0.25 | $0.51 | $3.07 | $3.02 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the | |||||
Earnings drivers for the full year 2018 were positively influenced by effects of constructive regulatory outcomes and weather at the state-regulated utilities. These impacts were partially offset by increases in depreciation and amortization, interest expense and share issuances.
"2018 was a banner year for Southern Company, as we continued to see outstanding operational execution throughout the franchise," said Chairman, President and CEO Thomas A. Fanning. "All of our state-regulated electric and gas companies delivered strong performance. We experienced solid customer growth, and we delivered significant benefits to customers resulting from tax reform while maintaining credit metrics across our businesses. We also saw excellent progress with the construction of the new nuclear units at Georgia Power's Plant Vogtle, achieving our year-end construction targets."
Fourth quarter 2018 operating revenues were $5.34 billion, compared with $5.63 billion for the fourth quarter of 2017, a decrease of 5.2 percent. Operating revenues for the full year 2018 were $23.50 billion, compared with $23.03 billion in 2017, an increase of 2.0 percent.
Southern Company's fourth quarter earnings slides with supplemental financial information, including its earnings guidance for 2019, are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 8 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12
months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.
Southern Company | ||||||||||||||||
Financial Highlights | ||||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
Three Months Ended | Year-to-Date December | |||||||||||||||
Net Income–As Reported (See Notes) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Traditional Electric Operating Companies | $ | 407 | $ | (191) | $ | 2,117 | $ | (193) | ||||||||
Southern Power | (48) | 795 | 187 | 1,071 | ||||||||||||
Southern Company Gas | 78 | (60) | 372 | 243 | ||||||||||||
Total | 437 | 544 | 2,676 | 1,121 | ||||||||||||
Parent Company and Other | (159) | (48) | (450) | (279) | ||||||||||||
Net Income–As Reported | $ | 278 | $ | 496 | $ | 2,226 | $ | 842 | ||||||||
Basic Earnings Per Share1 | $ | 0.27 | $ | 0.49 | $ | 2.18 | $ | 0.84 | ||||||||
Average Shares Outstanding (in millions) | 1,034 | 1,007 | 1,020 | 1,000 | ||||||||||||
End of Period Shares Outstanding (in millions) | 1,034 | 1,008 | ||||||||||||||
Non-GAAP Financial Measures | Three Months Ended | Year-to-Date December | ||||||||||||||
Net Income–Excluding Items (See Notes) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Net Income–As Reported | $ | 278 | $ | 496 | $ | 2,226 | $ | 842 | ||||||||
Estimated Loss on Plants Under Construction2 | (6) | 211 | 1,102 | 3,366 | ||||||||||||
Tax Impact | (94) | (25) | (376) | (975) | ||||||||||||
Loss on Plant Scherer Unit 33 | — | — | — | 33 | ||||||||||||
Tax Impact | — | — | — | (13) | ||||||||||||
Acquisition, Disposition, and Integration Impacts4 | 58 | 16 | (35) | 35 | ||||||||||||
Tax Impact | (11) | 10 | 294 | 12 | ||||||||||||
Wholesale Gas Services5 | 41 | 105 | (42) | 57 | ||||||||||||
Tax Impact | (14) | (20) | 4 | — | ||||||||||||
Litigation Settlement6 | — | — | (24) | — | ||||||||||||
Tax Impact | — | — | 6 | — | ||||||||||||
Earnings Guidance Comparability Items: | ||||||||||||||||
Equity Return Related to Kemper IGCC Schedule Extension7 | — | — | — | (47) | ||||||||||||
Tax Impact | — | — | — | (9) | ||||||||||||
Adoption of Tax Reform8 | 4 | (284) | (27) | (284) | ||||||||||||
Net Income–Excluding Items | $ | 256 | $ | 509 | $ | 3,128 | $ | 3,017 | ||||||||
Basic Earnings Per Share–Excluding Items | $ | 0.25 | $ | 0.51 | $ | 3.07 | $ | 3.02 | ||||||||
-See Notes on the following page. | ||||||||||||||||
Southern Company | ||||||||
Financial Highlights | ||||||||
Notes | ||||||||
(1) For the three and twelve months ended December 31, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||
(2) Earnings for the three and twelve months ended December 31, 2018 and 2017 include charges and associated legal expenses related to Mississippi Power's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a state income tax valuation allowance recorded in the twelve months ended December 31, 2017 related to a net operating loss carryforward associated with the Kemper IGCC. Earnings for the twelve months ended December 31, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power's construction of Plant Vogtle Units 3 and 4. These items significantly impacted the presentation of earnings and earnings per share. Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power's Kemper IGCC may occur through 2020. Mississippi Power is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | ||||||||
(3) Earnings for the twelve months ended December 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. | ||||||||
(4) Earnings for the three months ended December 31, 2018 include: (i) a net combined $27 million pre-tax loss (net combined $15 million after-tax loss) in connection with the finalization of the gain and loss calculations for the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions by Southern Company Gas and (ii) other acquisition, disposition, and integration costs of $31 million pre tax ($32 million after tax, which includes $10 million related to reapportioning state income taxes as a result of the dispositions). Earnings for the twelve months ended December 31, 2018 include: (i) a net combined $291 million pre-tax gain ($51 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions by Southern Company Gas; (ii) a $42 million (pre tax and after tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions; (iii) a $119 million pre-tax ($89 million after tax) impairment charge associated with Southern Power's disposition of Plants Stanton and Oleander; and (iv) $95 million pre tax ($77 million after tax) of other acquisition, disposition, and integration costs. Earnings for the three and twelve months ended December 31, 2017 include other acquisition, disposition, and integration costs related to the acquisition of Southern Company Gas and the dispositions of Elizabethtown Gas and Elkton Gas. Further impacts are expected to be recorded in 2019 including a preliminary gain of $2.5 billion pre tax ($1.3 billion after tax) in connection with the sale of Gulf Power, as well as impacts related to Southern Power's announced sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||
(5) Earnings for the three and twelve months ended December 31, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
(6) Earnings for the twelve months ended December 31, 2018 include the settlement proceeds of Mississippi Power's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||
(7) Earnings for the twelve months ended December 31, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017. | ||||||||
(8) Earnings for the three and twelve months ended December 31, 2018 and 2017 include net tax impacts as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's performance. | ||||||||
Southern Company | ||||||||||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | |||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
As Reported1 (See Notes) | $ | 0.27 | $ | 0.49 | $ | (0.22) | $ | 2.18 | $ | 0.84 | $ | 1.34 | ||||||||||||
Significant Factors: | ||||||||||||||||||||||||
Traditional Electric Operating Companies | $ | 0.59 | $ | 2.31 | ||||||||||||||||||||
Southern Power | (0.84) | (0.88) | ||||||||||||||||||||||
Southern Company Gas | 0.14 | 0.13 | ||||||||||||||||||||||
Parent Company and Other | (0.10) | (0.18) | ||||||||||||||||||||||
Increase in Shares | (0.01) | (0.04) | ||||||||||||||||||||||
Total–As Reported | $ | (0.22) | $ | 1.34 | ||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||
Non-GAAP Financial Measures | 2018 | 2017 | Change | 2018 | 2017 | Change | ||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||
Excluding Items (See Notes) | $ | 0.25 | $ | 0.51 | $ | (0.26) | $ | 3.07 | $ | 3.02 | $ | 0.05 | ||||||||||||
Total–As Reported | $ | (0.22) | $ | 1.34 | ||||||||||||||||||||
Estimated Loss on Plants Under Construction2 | (0.29) | (1.62) | ||||||||||||||||||||||
Loss on Plant Scherer Unit 33 | — | (0.02) | ||||||||||||||||||||||
Acquisition, Disposition, and Integration Impacts4 | 0.02 | 0.21 | ||||||||||||||||||||||
Wholesale Gas Services5 | (0.05) | (0.09) | ||||||||||||||||||||||
Litigation Settlement6 | — | (0.02) | ||||||||||||||||||||||
Adoption of Tax Reform7 | 0.28 | 0.25 | ||||||||||||||||||||||
Total–Excluding Items | $ | (0.26) | $ | 0.05 | ||||||||||||||||||||
- See Notes on the following page. | ||||||||||||||||||||||||
Southern Company | ||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||
Notes | ||||||||||||||||
(1) For the three and twelve months ended December 31, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||||||
(2) Earnings for the three and twelve months ended December 31, 2018 and 2017 include charges and associated legal expenses related to Mississippi Power's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a state income tax valuation allowance recorded in the twelve months ended December 31, 2017 related to a net operating loss carryforward associated with the Kemper IGCC. Earnings for the twelve months ended December 31, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power's construction of Plant Vogtle Units 3 and 4. These items significantly impacted the presentation of earnings and earnings per share. Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power's Kemper IGCC may occur through 2020. Mississippi Power is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
Earnings for the twelve months ended December 31, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017. | ||||||||||||||||
(3) Earnings for the twelve months ended December 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. | ||||||||||||||||
(4) Earnings for the three months ended December 31, 2018 include: (i) a net combined $27 million pre-tax loss (net combined $15 million after-tax loss) in connection with the finalization of the gain and loss calculations for the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions by Southern Company Gas and (ii) other acquisition, disposition, and integration costs of $31 million pre tax ($32 million after tax, which includes $10 million related to reapportioning state income taxes as a result of the dispositions). Earnings for the twelve months ended December 31, 2018 include: (i) a net combined $291 million pre-tax gain ($51 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions by Southern Company Gas; (ii) a $42 million (pre tax and after tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions; (iii) a $119 million pre-tax ($89 million after tax) impairment charge associated with Southern Power's disposition of Plants Stanton and Oleander; and (iv) $95 million pre tax ($77 million after tax) of other acquisition, disposition, and integration costs. Earnings for the three and twelve months ended December 31, 2017 include other acquisition, disposition, and integration costs related to the acquisition of Southern Company Gas and the dispositions of Elizabethtown Gas and Elkton Gas. Further impacts are expected to be recorded in 2019 including a preliminary gain of $2.5 billion pre tax ($1.3 billion after tax) in connection with the sale of Gulf Power, as well as impacts related to Southern Power's announced sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||||||||||
(5) Earnings for the three and twelve months ended December 31, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||||||
(6) Earnings for the twelve months ended December 31, 2018 include the settlement proceeds of Mississippi Power's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||||||||||
(7) Earnings for the three and twelve months ended December 31, 2018 and 2017 include net tax impacts as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's performance. | ||||||||||||||||
Southern Company | ||||||||||||||||
EPS Earnings Analysis | ||||||||||||||||
Description | Three Months Ended | Year-to-Date | ||||||||||||||
Retail Sales | $0.01 | $0.05 | ||||||||||||||
Retail Revenue Impacts, Excluding Tax Reform Changes | (0.10) | (0.08) | ||||||||||||||
Weather | — | 0.18 | ||||||||||||||
Other Operating Revenues | — | (0.01) | ||||||||||||||
Purchased Power Capacity Expense | — | 0.01 | ||||||||||||||
Non-Fuel O&M | 0.01 | 0.02 | ||||||||||||||
Depreciation and Amortization | (0.01) | (0.07) | ||||||||||||||
Taxes Other Than Income Taxes | — | (0.02) | ||||||||||||||
Gain on Dispositions, Net | (0.02) | (0.02) | ||||||||||||||
Interest Expense | 0.01 | (0.02) | ||||||||||||||
Other Income and Deductions | — | 0.01 | ||||||||||||||
Impacts of Tax Reform (Ongoing Basis), Net of Amounts | (0.04) | 0.15 | ||||||||||||||
Income Taxes, Excluding Tax Reform | — | (0.04) | ||||||||||||||
Dividends on Preferred and Preference Stock | — | 0.02 | ||||||||||||||
Total Traditional Electric Operating Companies | $(0.14) | $0.18 | ||||||||||||||
Southern Power | (0.03) | 0.02 | ||||||||||||||
Southern Company Gas | (0.01) | 0.04 | ||||||||||||||
Parent and Other | (0.07) | (0.13) | ||||||||||||||
Increase in Shares | (0.01) | (0.06) | ||||||||||||||
Total Change in EPS (Excluding Items) | $(0.26) | $0.05 | ||||||||||||||
Estimated Loss on Plants Under Construction1 | 0.29 | 1.62 | ||||||||||||||
Loss on Plant Scherer Unit 32 | — | 0.02 | ||||||||||||||
Acquisition, Disposition, and Integration Impacts3 | (0.02) | (0.21) | ||||||||||||||
Wholesale Gas Services4 | 0.05 | 0.09 | ||||||||||||||
Litigation Settlement5 | — | 0.02 | ||||||||||||||
Adoption of Tax Reform6 | (0.28) | (0.25) | ||||||||||||||
Total Change in EPS (As Reported) | $(0.22) | $1.34 | ||||||||||||||
- See Notes on the following page. | ||||||||||||||||
Southern Company |
EPS Earnings Analysis |
Three and Twelve Months Ended December 2018 vs. December 2017 |
Notes |
(1) Earnings for the three and twelve months ended December 31, 2018 and 2017 include charges and associated legal expenses related to Mississippi Power's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a state income tax valuation allowance recorded in the twelve months ended December 31, 2017 related to a net operating loss carryforward associated with the Kemper IGCC. Earnings for the twelve months ended December 31, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power's construction of Plant Vogtle Units 3 and 4. These items significantly impacted the presentation of earnings and earnings per share. Additional pre-tax closure costs, including mine reclamation, of up to $25 million for Mississippi Power's Kemper IGCC may occur through 2020. Mississippi Power is also currently evaluating its options regarding the final disposition of the carbon dioxide pipeline and is in discussions with the Department of Energy regarding property closeout and disposition, for which the related costs could be material. Further charges for Georgia Power's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
Earnings for the twelve months ended December 31, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017. |
(2) Earnings for the twelve months ended December 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. |
(3) Earnings for the three months ended December 31, 2018 include: (i) a net combined $27 million pre-tax loss (net combined $15 million after-tax loss) in connection with the finalization of the gain and loss calculations for the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions by Southern Company Gas and (ii) other acquisition, disposition, and integration costs of $31 million pre tax ($32 million after tax, which includes $10 million related to reapportioning state income taxes as a result of the dispositions). Earnings for the twelve months ended December 31, 2018 include: (i) a net combined $291 million pre-tax gain ($51 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions by Southern Company Gas; (ii) a $42 million (pre tax and after tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions; (iii) a $119 million pre-tax ($89 million after tax) impairment charge associated with Southern Power's disposition of Plants Stanton and Oleander; and (iv) $95 million pre tax ($77 million after tax) of other acquisition, disposition, and integration costs. Earnings for the three and twelve months ended December 31, 2017 include other acquisition, disposition, and integration costs related to the acquisition of Southern Company Gas and the dispositions of Elizabethtown Gas and Elkton Gas. Further impacts are expected to be recorded in 2019 including a preliminary gain of $2.5 billion pre tax ($1.3 billion after tax) in connection with the sale of Gulf Power, as well as impacts related to Southern Power's announced sale of Plant Mankato. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. |
(4) Earnings for the three and twelve months ended December 31, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. |
(5) Earnings for the twelve months ended December 31, 2018 include the settlement proceeds of Mississippi Power's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. |
(6) Earnings for the three and twelve months ended December 31, 2018 and 2017 include net tax impacts as a result of implementing federal tax reform legislation, which was signed into law in December 2017. During 2018, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are not expected. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's performance. |
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Earnings | |||||||||||||||||||||||||||||||||||||||||||||||
As Reported | |||||||||||||||||||||||||||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Year-to-Date December | ||||||||||||||||||||||||||||||||||||||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||||||||||||||||||||||||||||||||||||||
Income Account- | |||||||||||||||||||||||||||||||||||||||||||||||
Retail Electric Revenues- | |||||||||||||||||||||||||||||||||||||||||||||||
Fuel | $ | 1,012 | $ | 966 | $ | 46 | $ | 4,283 | $ | 4,095 | $ | 188 | |||||||||||||||||||||||||||||||||||
Non-Fuel | 2,297 | 2,578 | (281) | 10,939 | 11,235 | (296) | |||||||||||||||||||||||||||||||||||||||||
Wholesale Electric Revenues | 579 | 559 | 20 | 2,516 | 2,426 | 90 | |||||||||||||||||||||||||||||||||||||||||
Other Electric Revenues | 166 | 171 | (5) | 664 | 681 | (17) | |||||||||||||||||||||||||||||||||||||||||
Natural Gas Revenues | 1,048 | 1,045 | 3 | 3,854 | 3,791 | 63 | |||||||||||||||||||||||||||||||||||||||||
Other Revenues | 235 | 310 | (75) | 1,239 | 803 | 436 | |||||||||||||||||||||||||||||||||||||||||
Total Revenues | 5,337 | 5,629 | (292) | 23,495 | 23,031 | 464 | |||||||||||||||||||||||||||||||||||||||||
Fuel and Purchased Power | 1,334 | 1,245 | 89 | 5,608 | 5,263 | 345 | |||||||||||||||||||||||||||||||||||||||||
Cost of Natural Gas | 486 | 515 | (29) | 1,539 | 1,601 | (62) | |||||||||||||||||||||||||||||||||||||||||
Cost of Other Sales | 118 | 220 | (102) | 806 | 513 | 293 | |||||||||||||||||||||||||||||||||||||||||
Non-Fuel O & M | 1,672 | 1,640 | 32 | 5,889 | 5,739 | 150 | |||||||||||||||||||||||||||||||||||||||||
Depreciation and Amortization | 793 | 774 | 19 | 3,131 | 3,010 | 121 | |||||||||||||||||||||||||||||||||||||||||
Taxes Other Than Income Taxes | 325 | 309 | 16 | 1,315 | 1,250 | 65 | |||||||||||||||||||||||||||||||||||||||||
Estimated Loss on Plants Under Construction | (8) | 207 | (215) | 1,097 | 3,362 | (2,265) | |||||||||||||||||||||||||||||||||||||||||
Impairment Charges | 13 | — | 13 | 210 | — | 210 | |||||||||||||||||||||||||||||||||||||||||
Gain on Dispositions, net | 26 | (20) | 46 | (291) | (40) | (251) | |||||||||||||||||||||||||||||||||||||||||
Total Operating Expenses | 4,759 | 4,890 | (131) | 19,304 | 20,698 | (1,394) | |||||||||||||||||||||||||||||||||||||||||
Operating Income | 578 | 739 | (161) | 4,191 | 2,333 | 1,858 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Equity Funds Used During | 39 | 27 | 12 | 138 | 160 | (22) | |||||||||||||||||||||||||||||||||||||||||
Earnings from Equity Method Investments | 40 | 6 | 34 | 148 | 106 | 42 | |||||||||||||||||||||||||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 456 | 446 | 10 | 1,842 | 1,694 | 148 | |||||||||||||||||||||||||||||||||||||||||
Other Income (Expense), net | (81) | (1) | (80) | 114 | 163 | (49) | |||||||||||||||||||||||||||||||||||||||||
Income Taxes | (149) | (175) | 26 | 449 | 142 | 307 | |||||||||||||||||||||||||||||||||||||||||
Net Income | 269 | 500 | (231) | 2,300 | 926 | 1,374 | |||||||||||||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||||||||||||||||
Dividends on Preferred and Preference Stock | 4 | 6 | (2) | 16 | 38 | (22) | |||||||||||||||||||||||||||||||||||||||||
Net Income Attributable to Noncontrolling | (13) | (2) | (11) | 58 | 46 | 12 | |||||||||||||||||||||||||||||||||||||||||
NET INCOME ATTRIBUTABLE TO | $ | 278 | $ | 496 | $ | (218) | $ | 2,226 | $ | 842 | $ | 1,384 | |||||||||||||||||||||||||||||||||||
Notes | |||||||||||||||||||||||||||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||||||||||||||||||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||||
Kilowatt-Hour Sales and Customers | |||||||||||||||||||||||||||||||||||||||||||||||
(In Millions of KWHs) | |||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended December | Year-to-Date December | ||||||||||||||||||||||||||||||||||||||||||||||
As Reported | 2018 | 2017 | Change | Weather | 2018 | 2017 | Change | Weather | |||||||||||||||||||||||||||||||||||||||
Kilowatt-Hour Sales- | |||||||||||||||||||||||||||||||||||||||||||||||
Total Sales | 49,539 | 49,915 | (0.8) | % | 212,144 | 205,541 | 3.2 | % | |||||||||||||||||||||||||||||||||||||||
Total Retail Sales- | 37,973 | 37,705 | 0.7 | % | 0.3 | % | 162,182 | 156,507 | 3.6 | % | 0.9 | % | |||||||||||||||||||||||||||||||||||
Residential | 12,475 | 12,034 | 3.7 | % | 2.2 | % | 54,590 | 50,536 | 8.0 | % | 1.2 | % | |||||||||||||||||||||||||||||||||||
Commercial | 12,346 | 12,333 | 0.1 | % | 0.3 | % | 53,451 | 52,340 | 2.1 | % | 0.5 | % | |||||||||||||||||||||||||||||||||||
Industrial | 12,949 | 13,130 | (1.4) | % | (1.4) | % | 53,341 | 52,785 | 1.1 | % | 1.1 | % | |||||||||||||||||||||||||||||||||||
Other | 203 | 208 | (3.1) | % | (3.2) | % | 800 | 846 | (5.5) | % | (5.7) | % | |||||||||||||||||||||||||||||||||||
Total Wholesale Sales | 11,566 | 12,210 | (5.3) | % | N/A | 49,962 | 49,034 | 1.9 | % | N/A | |||||||||||||||||||||||||||||||||||||
(In Thousands of Customers) | |||||||||||||||||||||||||||||||||||||||||||||||
Period Ended December | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 2017 | Change | |||||||||||||||||||||||||||||||||||||||||||||
Regulated Utility Customers- | |||||||||||||||||||||||||||||||||||||||||||||||
Total Utility Customers1- | 8,933 | 9,263 | (3.6) | % | |||||||||||||||||||||||||||||||||||||||||||
Total Traditional Electric | 4,685 | 4,640 | 1.0 | % | |||||||||||||||||||||||||||||||||||||||||||
Southern Company Gas1 | 4,248 | 4,623 | (8.1) | % | |||||||||||||||||||||||||||||||||||||||||||
Notes | |||||||||||||||||||||||||||||||||||||||||||||||
(1) Includes total customers of approximately 407,000 at December 31, 2017 related to Elizabethtown Gas, Elkton Gas, and Florida City Gas, | |||||||||||||||||||||||||||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended | Year-to-Date December | |||||||||||||||||||||
2018 | 2017 | % Change | 2018 | 2017 | % Change | |||||||||||||||||
Southern Company1 – | ||||||||||||||||||||||
Operating Revenues | $ | 5,337 | $ | 5,629 | (5.2) | % | $ | 23,495 | $ | 23,031 | 2.0 | % | ||||||||||
Earnings Before Income Taxes | 120 | 325 | (63.1) | % | 2,749 | 1,068 | 157.4 | % | ||||||||||||||
Net Income Available to Common | 278 | 496 | (44.0) | % | 2,226 | 842 | 164.4 | % | ||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,316 | $ | 1,433 | (8.2) | % | $ | 6,032 | $ | 6,039 | (0.1) | % | ||||||||||
Earnings Before Income Taxes | 96 | 198 | (51.5) | % | 1,236 | 1,434 | (13.8) | % | ||||||||||||||
Net Income Available to Common | 73 | 119 | (38.7) | % | 930 | 848 | 9.7 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,818 | $ | 1,884 | (3.5) | % | $ | 8,420 | $ | 8,310 | 1.3 | % | ||||||||||
Earnings Before Income Taxes | 175 | 352 | (50.3) | % | 1,007 | 2,258 | (55.4) | % | ||||||||||||||
Net Income Available to Common | 173 | 227 | (23.8) | % | 793 | 1,414 | (43.9) | % | ||||||||||||||
Gulf Power – | ||||||||||||||||||||||
Operating Revenues | $ | 359 | $ | 372 | (3.5) | % | $ | 1,465 | $ | 1,516 | (3.4) | % | ||||||||||
Earnings Before Income Taxes | (6) | 30 | (120.0) | % | 140 | 229 | (38.9) | % | ||||||||||||||
Net Income Available to Common | 13 | 19 | (31.6) | % | 160 | 135 | 18.5 | % | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 308 | $ | 271 | 13.7 | % | $ | 1,265 | $ | 1,187 | 6.6 | % | ||||||||||
Earnings (Loss) Before Income Taxes | 24 | (202) | N/M | 134 | (3,120) | N/M | ||||||||||||||||
Net Income (Loss) Available to Common | 149 | (556) | N/M | 235 | (2,590) | N/M | ||||||||||||||||
Southern Power1 – | ||||||||||||||||||||||
Operating Revenues | $ | 506 | $ | 478 | 5.9 | % | $ | 2,205 | $ | 2,075 | 6.3 | % | ||||||||||
Earnings Before Income Taxes | (14) | (17) | N/M | 82 | 178 | (53.9) | % | |||||||||||||||
Net Income Available to Common | (48) | 795 | N/M | 187 | 1,071 | (82.5) | % | |||||||||||||||
Southern Company Gas1 – | ||||||||||||||||||||||
Operating Revenues | $ | 1,048 | $ | 1,079 | (2.9) | % | $ | 3,909 | $ | 3,920 | (0.3) | % | ||||||||||
Earnings Before Income Taxes | 67 | 74 | (9.5) | % | 836 | 610 | 37.0 | % | ||||||||||||||
Net Income Available to Common | 78 | (60) | N/M | 372 | 243 | 53.1 | % | |||||||||||||||
N/M - not meaningful | ||||||||||||||||||||||
Notes | ||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | ||||||||||||||||||||||
(1) Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company's ownership interest in Plants Oleander and Stanton on December 4, 2018; and (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018. | ||||||||||||||||||||||
View original content to download multimedia:http://www.prnewswire.com/news-releases/southern-company-reports-fourth-quarter-and-full-year-2018-earnings-300798574.html
SOURCE Southern Company
Article Date
2/20/20192/14/2019 - GDOT, Georgia Power to begin utility pole relocation project along Peachtree and Roswell roads
GDOT, Georgia Power to begin utility pole relocation project along Peachtree and Roswell roads
Source: PR Newswire
ATLANTA, Feb. 13, 2019 /PRNewswire/ -- On Monday, Feb. 18, the Georgia Department of Transportation (GDOT) and Georgia Power will kick off work on their fifth major undertaking together as part of the Clear Roadside Project initiative in metro Atlanta to extend the distance between utility poles and traffic flow along portions of Peachtree and Roswell roads.
Approximately 100 existing poles will be relocated from near the curb to the back of the sidewalk along an eight-mile stretch of Peachtree Road from 14th Street continuing to Roswell Road at Windsor Parkway.
GDOT and Georgia Power will make every effort to limit lane closures related to the project, avoiding rush hour and heavy traffic-related events. Lane closures will be conducted according to GDOT standards and protocols and will conform to the GDOT-mandated timeframe outside of normal rush hours between 9 a.m. and 4 p.m. Work is scheduled to start Feb. 18 and continue over the next 12 months, with temporary lane closures occurring only in the areas immediately impacted.
Work to move the existing poles further back from the curb to create more space between utility poles and vehicle traffic is done to enhance roadside safety. GDOT and Georgia Power are committed to identifying stretches of roadway where the Clear Roadside Safety Project can be most effective.
Georgia Power will be communicating with customers, businesses, city and state officials, and other partners to ensure the safety of travelers, pedestrians and crews as it works to safely complete the project. Additionally, updates will be available via GDOT's 511 page.
About Georgia Department of Transportation
Georgia Department of Transportation is committed to providing a safe, seamless and sustainable transportation system that supports Georgia's economy and is sensitive to its citizens and its environment. For more information, visit www.dot.ga.gov.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content:http://www.prnewswire.com/news-releases/gdot-georgia-power-to-begin-utility-pole-relocation-project-along-peachtree-and-roswell-roads-300795497.html
SOURCE Georgia Power
Article Date
2/14/2019Georgia Power's Dr. Mark Berry receives 2019 Science Spectrum Trailblazer Award
Source: PR Newswire
ATLANTA, Feb. 11, 2019 /PRNewswire/ -- Georgia Power Vice President of Environmental Affairs Dr. Mark Berry was presented with the 2019 Science Spectrum Trailblazer Award at the 2019 Black Engineer of the Year Awards (BEYA) Science Technology Engineering and Math (STEM) Global Competitiveness Conference in Washington, D.C. on Friday, February 8. Dr. Berry and other award recipients were recognized at the Technology Recognition Luncheon featuring Modern-Day Technology Leaders and Science Spectrum Trailblazers.
The Science Spectrum Trailblazer Award is presented to leaders actively creating new paths for others in science, research, technology, and development. Recipients range from experienced executives who continuously seek innovative products and ideas to those who are breaking new ground at the midpoint of their careers and others who are recent graduates that show pioneering promise. They distinguish themselves by constantly setting their sights higher, striving to innovate and open doors for others.
"Mark's passion for the development of people and technology continues to make an impact on the energy industry," said Chris Cummiskey, executive vice president of external affairs and nuclear development of Georgia Power. "Dr. Berry's impact portrays his continuous commitment to challenge the status quo in developing and implementing strategic and innovative solutions. The partnerships he has built and the projects he has launched contribute to how we're doing our part to ensure future generations of Georgians will continue to have a thriving place to call home."
The award is presented on behalf of Career Communications Group's US Black Engineer and Information Technology magazine, the Council of Engineering Deans of Historically Black Colleges and Universities, host Lockheed Martin Corporation, and sponsor Aerotek. The 33rd annual BEYA STEM Conference kicked off on Thursday, February 7, 2019 with a full day focused on the contributions of America's diverse talent.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power)
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SOURCE Georgia Power
Article Date
2/11/2019Southern Company fourth-quarter earnings to be released February 20
Source: PR Newswire
ATLANTA, Feb. 5, 2019 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2018 by 7 a.m. ET on Wednesday, February 20.
Chairman, president and CEO Thomas A. Fanning and CFO Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. ET on Wednesday, February 20.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries, as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline, as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
2/5/2019Refueling activities and performance enhancements underway at Plant Hatch Unit 2
Source: PR Newswire
BIRMINGHAM, Ala., Feb. 4, 2019 /PRNewswire/ -- This morning at midnight ET, operators at the Edwin I. Hatch Electric Generating Plant safely took Unit 2 offline for a planned refueling and maintenance outage.
The last refueling outage for Unit 2 was completed in spring 2017. Each unit at Plant Hatch requires new fuel every 24 months. In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components.
"Safety is our No. 1 focus and priority," said Plant Hatch Vice President Thomas Vehec. "The key to a safe and successful outage is our outstanding employees and supporting partners. I am proud of the preparations we have made. Our entire team is focused and ready to accomplish this refueling outage safely and with quality by using our expertise and teamwork."
Southern Company subsidiary Southern Nuclear operates Plant Hatch on behalf of Georgia Power and the plant's other Georgia co-owners. Employees from across the Southern Nuclear fleet are assisting Plant Hatch's staff of more than 900 in the refueling effort. More than 800 additional workers from General Electric, Day and Zimmerman, and other partners are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Plant Hatch Unit 1 will continue to safely generate electricity while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
2/4/2019Georgia Power files 20-year plan to meet Georgia's future energy needs
Source: PR Newswire
ATLANTA, Jan. 31, 2019 /PRNewswire/ -- Georgia Power today filed its 2019 Integrated Resource Plan (IRP) with the Georgia Public Service Commission (PSC). The company files an IRP every three years to outline how it will continue to deliver clean, safe, reliable and affordable energy to its 2.5 million customers over the next 20 years.
The 2019 plan is a result of the in-depth IRP process, which includes projections of future fuel costs, load and energy forecasts, an analysis of available generation technologies, the 10-year transmission plan, and an economic assessment of potential and proposed energy efficiency and demand response programs. The company also evaluates the cost-effectiveness of its generating resources given changing environmental regulations and emerging technologies and discusses the growing importance of resilience to the electric system.
"At Georgia Power, we are committed to making smart investments for Georgia's energy future while ensuring our customers have the clean, safe, reliable and affordable energy they expect and deserve," said Allen Reaves, senior vice president and senior production officer, Georgia Power. "Working with the Georgia Public Service Commission, we have invested in a diverse energy mix of nuclear, natural gas, hydro, renewables, coal and energy efficiency resources in order to maintain high levels of reliability for our customers that have resulted in rates that are 15 percent below the national average."
As part of today's filing, Georgia Power is proposing new renewable energy programs, including a request to approve the procurement of up to 1,000 MW* of new renewable resources. If approved, the company's total renewable energy capacity would increase to 18 percent of Georgia Power's already diverse portfolio by 2024.
The 2019 plan also proposes energy efficiency targets similar to those approved in previous IRPs, while adding new, innovative energy-saving programs for both residential and commercial customers. By 2022, these programs are designed to help reduce peak demand approximately 1,600 MW, which is 10 percent of the company's current peak demand.
The company is emphasizing the importance of resilience in both generation and power delivery planning in recognition of the change in generation resources, availability of new and emerging technologies and related factors in providing reliable, affordable energy to customers.
"As our generation mix evolves toward more natural gas fueled plants and intermittent renewable resources, resilience will grow in importance," said Reaves. "This IRP discusses considerations that may go into future planning processes."
Additionally, in its filing, the company is:
Today's filing initiates a series of additional filings and public hearings with the PSC. Following this process, the PSC is expected to vote on the company's IRP request this summer.
To learn more about how Georgia Power is meeting the needs of customers through a diverse, balanced energy portfolio, visit www.GeorgiaPower.com.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits (RECs) is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day, and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction, ranking the company number one in business and residential customer satisfaction in the South for 2018. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected components of the IRP and the timing of Georgia PSC consideration of the IRP. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; legal proceedings and regulatory approvals and actions related to IRP; and available sources and costs of fuel. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
1/31/2019Georgia Power offers safety tips as winter temperatures set in
Source: PR Newswire
ATLANTA, Jan. 29, 2019 /PRNewswire/ -- As winter weather arrives, Georgia Power encourages customers to keep safety in mind and offers safety tips about electrical fire prevention and tools for home safety.
Developing a schedule to conduct home checks of appliances and outlets is a simple way to catch potential fire hazards, and Georgia Power offers the following tips to review:
Tools you can use
To keep your family informed of fire safety tips and prevention, Georgia Power offers a variety of tools and resources for customers to stay safe and informed, including:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/29/2019Georgia Power encourages safety, preparedness as winter weather approaches
Source: PR Newswire
ATLANTA, Jan. 28, 2019 /PRNewswire/ -- As North and Central Georgia brace for the arrival of winter weather over the next 36 hours, Georgia Power is monitoring the changing weather conditions and is ready to respond to any service interruptions as quickly and safely as possible. Customers are encouraged to visit GeorgiaPower.com/WinterPrep for useful information on a variety of winter weather topics, including Watches vs. Warnings, Staying Connected, Electrical Safety, Winter Road Ready, and more.
Georgia Power reminds customers to keep safety first during severe winter weather and offers the following tips and tools to stay connected and informed:
Tools You Can Use to Prepare for Severe Weather Year-round
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/28/2019Southern Company Announces Pricing of Cash Tender Offers for Any and All of Certain Outstanding Debt Securities
Source: PR Newswire
ATLANTA, Jan. 23, 2019 /PRNewswire/ -- The Southern Company ("Southern Company") today announced that it has priced the previously announced cash tender offers (each, a "Tender Offer" and, together, the "Tender Offers") to purchase any and all of: (i) the $1,000,000,000 outstanding principal amount of its 1.85% Senior Notes due July 1, 2019 (the "1.85% Notes"); (ii) the $350,000,000 outstanding principal amount of its Series 2014B 2.15% Senior Notes due September 1, 2019 (the "2.15% Notes" and, together with the 1.85% Notes, the "Fixed Rate Notes"); and (iii) the $750,000,000 outstanding principal amount of its Series 2018A Floating Rate Senior Notes due February 14, 2020 (the "Floating Rate Notes" and, together with the Fixed Rate Notes, the "Notes").
Certain information regarding the Notes and the pricing of the Tender Offers is set forth in the tables below:
Fixed Rate Notes
Title of Security |
CUSIP Number | Principal Outstanding | U.S. Reference Security | Bloomberg Reference Page | Fixed Spread (bps) | Reference | Tender |
1.85% Senior | 842587 CQ8 | $1,000,000,000 | 1.25% due | PX3 | +15 | 2.514% | $996.48 |
Series 2014B | 842587 CL9 | $350,000,000 | 1.25% due | PX3 | +10 | 2.590% | $996.78 |
(1) | Per $1,000 principal amount |
(2) | Tender Offer Consideration (as defined below) calculated for each series of the Fixed Rate Notes based on the bid-side price of the applicable U.S. Treasury Reference Security as quoted on the Bloomberg Reference Page specified in the table above at 11:00 a.m., Eastern time, on January 23, 2019 |
Floating Rate Notes
Title of Security | CUSIP Number | Principal Amount Outstanding | Consideration per $1,000 Principal Amount |
Series 2018A | 144A: 842587 DB0 Reg S: U84258 AE9 | $750,000,000 | $1,000 |
The Tender Offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated January 16, 2019, and the related notice of guaranteed delivery (the "Tender Offer Documents"), to purchase for cash any and all of the Notes. Southern Company refers investors to the Tender Offer Documents for the complete terms and conditions of the Tender Offers, including complete instructions on how to tender Notes.
The "Tender Offer Consideration" listed in the table above for each $1,000 of outstanding principal amount of Notes validly tendered and accepted for purchase pursuant to the applicable Tender Offer was determined as follows:
Holders whose Notes are validly tendered and accepted for purchase also will receive accrued and unpaid interest on their Notes from the last interest payment date for such Notes up to, but excluding, the date Southern Company initially makes payment for such Notes, which date is anticipated to be January 24, 2019 (the "Settlement Date"). Notes tendered by Notice of Guaranteed Delivery and accepted for purchase will be purchased on the third business day after the Expiration Date but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date.
The total Tender Offer Consideration, including accrued and unpaid interest, will be funded from cash on hand received from the proceeds from the consummation of the sale of Southern Company's former subsidiary Gulf Power Company to NextEra Energy, Inc. on January 1, 2019.
Southern Company intends to redeem any Fixed Rate Notes not purchased pursuant to the Tender Offers in accordance with the indenture governing such Fixed Rate Notes, which currently provides for a make-whole redemption price, plus accrued and unpaid interest to, but not including, the redemption date. Southern Company also intends to redeem, on or after February 14, 2019, any Floating Rate Notes not purchased pursuant to the Tender Offers in accordance with the indenture governing such Floating Rate Notes, which provides for a redemption price of 100% of the principal amount of such Floating Rate Notes, plus accrued and unpaid interest to, but not including, the redemption date. Any redemption of Notes would be made solely pursuant to a notice of redemption delivered pursuant to the indenture governing such Notes and the information in this press release is not a notice of redemption with respect to any Notes. Although Southern Company intends to redeem the Notes that are not tendered and accepted in the Tender Offers, Southern Company is not obligated to do so, and there can be no assurance it will do so. Any future purchases may be on the same terms or on terms that are more or less favorable than the terms of the Tender Offers. Any future purchases by Southern Company will depend on various factors existing at that time. There can be no assurance as to which, if any, of these alternatives (or combinations thereof) Southern Company may choose to pursue in the future.
The full details of the Tender Offers, including complete instructions on how to tender Notes, are included in the Tender Offer Documents. Holders are urged to read the Tender Offer Documents, including materials incorporated by reference therein, carefully before making any decision with respect to any Tender Offer. Copies of the Tender Offer Documents are available at http://www.gbsc-usa.com/southern or may be obtained from Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offers, at (866) 470-4300 (toll-free) or (212) 430-3774 (collect). Questions regarding the Tender Offers may be directed to the Dealer Manager for the Tender Offers, Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect).
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation to buy any of the Notes or any other securities of Southern Company nor is it a solicitation for acceptance of any Tender Offer. Southern Company is making the Tender Offers only by, and pursuant to the terms of, the Tender Offer Documents. No Tender Offer is being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Southern Company, the Dealer Manager or the Depositary and Information Agent makes any recommendation in connection with the Tender Offers.
Cautionary Notice Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion of the Tender Offers and the timing thereof. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in the Offer to Purchase and Southern Company's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the risk that the Tender Offers are not completed or are completed on different terms than expected. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
1/23/2019Stay safe, warm and save money as temperatures drop
Source: PR Newswire
ATLANTA, Jan. 18, 2019 /PRNewswire/ -- As winter temperatures begin to drop, Georgia Power encourages customers to keep safety in mind and offers safety tips to help prevent electrical fires.
Georgia Power reminds customers to stay safe with the following home safety tips:
For additional video tips on preparing for winter weather, visit GeorgiaPower.com/WinterPrep.
Colder weather can also mean higher energy bills and, as the low temperatures continue this winter, Georgia Power offers customers a variety of free tools and resources to help them stay warm while saving money and energy. The company reminds customers that making small changes today can deliver big savings throughout the winter and year-round.
Winter energy-saving tips include:
Project SHARE
Even with energy efficiency and careful planning, cold temperatures can mean higher bills. If customers need assistance paying their bill, Georgia Power is here to help. The company works with customers to coordinate payment arrangements and discounts such as the Senior Citizens Discount and can connect them with community organizations which may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information about bill payment assistance is available at www.GeorgiaPower.com/assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/18/20191/17/2019 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, Jan. 17, 2019 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 60 cents per share on the company's common stock, payable March 6, 2019, to shareholders of record as of February 19, 2019. This marks 285 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are building the future of energy by developing the full portfolio of energy resources. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/17/20191/16/2019 - Southern Company Announces Cash Tender Offers for Any and All of Certain Outstanding Debt Securities
Southern Company Announces Cash Tender Offers for Any and All of Certain Outstanding Debt Securities
Source: PR Newswire
ATLANTA, Jan. 16, 2019 /PRNewswire/ -- The Southern Company ("Southern Company") today announced the commencement of cash tender offers (each, a "Tender Offer" and, together, the "Tender Offers") to purchase any and all of: (i) the $1,000,000,000 outstanding principal amount of its 1.85% Senior Notes due July 1, 2019 (the "1.85% Notes"); (ii) the $350,000,000 outstanding principal amount of its Series 2014B 2.15% Senior Notes due September 1, 2019 (the "2.15% Notes" and, together with the 1.85% Notes, the "Fixed Rate Notes"); and (iii) the $750,000,000 outstanding principal amount of its Series 2018A Floating Rate Senior Notes due February 14, 2020 (the "Floating Rate Notes" and, together with the Fixed Rate Notes, the "Notes"). The terms and conditions of the Tender Offers are more fully described in Southern Company's Offer to Purchase, dated January 16, 2019 and the related Notice of Guaranteed Delivery (together, the "Tender Offer Documents").
Certain information regarding the Notes and the pricing of the Tender Offers is set forth in the tables below:
Fixed Rate Notes
Title of Security |
CUSIP Number |
Principal Amount Outstanding | U.S. Treasury Reference Security | Bloomberg Reference Page | Fixed Spread (bps) |
1.85% Senior |
842587 CQ8 |
$1,000,000,000 |
1.25% due |
PX3 |
+15 |
Series 2014B |
842587 CL9 |
$350,000,000 | 1.25% due |
PX3 |
+10 |
Floating Rate Notes
Title of Security |
CUSIP Number |
Principal Amount Outstanding | Consideration per $1,000 Principal Amount |
Series 2018A | 144A: 842587 DB0 Reg S: U84258 AE9 |
$750,000,000 |
$1,000 |
Each Tender Offer will expire at 5:00 p.m., Eastern time, on January 23, 2019, unless extended or earlier terminated (such time and date, as the same may be extended, the "Expiration Date"). Holders of Notes must validly tender (including by Notice of Guaranteed Delivery) and not validly withdraw their Notes prior to or at the Expiration Date to be eligible to receive the applicable Tender Offer Consideration described below.
The "Tender Offer Consideration" for each $1,000 of outstanding principal amount of Notes validly tendered and accepted for purchase pursuant to the applicable Tender Offer will be as follows:
Holders whose Notes are validly tendered and accepted for purchase also will receive accrued and unpaid interest on their Notes from the last interest payment date for such Notes up to, but excluding, the date Southern Company initially makes payment for such Notes, which date is anticipated to be January 24, 2019 (the "Settlement Date"). Notes tendered by Notice of Guaranteed Delivery and accepted for purchase will be purchased on the third business day after the Expiration Date but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date.
Holders who validly tender their Notes may validly withdraw their tendered Notes at any time prior to the earlier of (i) the Expiration Date and (ii) if any Tender Offer is extended, the 10th business day after commencement of such Tender Offer. Notes also may be validly withdrawn at any time after the 60th business day after commencement of any Tender Offer if for any reason such Tender Offer has not been consummated within 60 business days after commencement of such Tender Offer.
Southern Company intends to redeem any Fixed Rate Notes not purchased pursuant to the Tender Offers in accordance with the indenture governing such Fixed Rate Notes, which currently provides for a make-whole redemption price, plus accrued and unpaid interest to, but not including, the redemption date. Southern Company intends to redeem, on or after February 14, 2019, any Floating Rate Notes not purchased pursuant to the Tender Offers in accordance with the indenture governing such Floating Rate Notes, which provides for a redemption price of 100% of the principal amount of such Floating Rate Notes, plus accrued and unpaid interest to, but not including, the redemption date. Any redemption of Notes would be made solely pursuant to a notice of redemption delivered pursuant to the indenture governing such Notes and the information in this press release is not a notice of redemption with respect to any Notes. Although Southern Company intends to redeem the Notes that are not tendered and accepted in the Tender Offers, Southern Company is not obligated to do so, and there can be no assurance it will do so. Any future purchases may be on the same terms or on terms that are more or less favorable than the terms of the Tender Offers. Any future purchases by Southern Company will depend on various factors existing at that time. There can be no assurance as to which, if any, of these alternatives (or combinations thereof) Southern Company may choose to pursue in the future.
The consummation of each Tender Offer is conditioned upon the satisfaction of certain conditions described in the Tender Offer Documents.
The full details of the Tender Offers, including complete instructions on how to tender Notes, are included in the Tender Offer Documents. Holders are urged to read the Tender Offer Documents, including materials incorporated by reference therein, carefully before making any decision with respect to any Tender Offer. Copies of the Tender Offer Documents are available at http://www.gbsc-usa.com/southern or may be obtained from Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offers, at (866) 470-4300 (toll-free) or (212) 430-3774 (collect). Questions regarding the Tender Offers may be directed to the Dealer Manager for the Tender Offers, Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect).
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation to buy any of the Notes or any other securities of Southern Company nor is it a solicitation for acceptance of any Tender Offer. Southern Company is making the Tender Offers only by, and pursuant to the terms of, the Tender Offer Documents. No Tender Offer is being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Southern Company, the Dealer Manager or the Depositary and Information Agent makes any recommendation in connection with the Tender Offers.
Cautionary Notice Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion of the Tender Offers and the timing thereof. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in the Offer to Purchase and Southern Company's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the risk that the Tender Offers are not completed or are completed on different terms than expected. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
1/16/20191/14/2019 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., Jan. 14, 2019 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending March 31, 2019, payable April 1, 2019, to shareholders of record on March 15, 2019.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
1/14/2019Georgia Power donates $50,000 to St. Vincent de Paul Georgia to provide relief for Georgians impacted by federal government shutdown
Source: PR Newswire
ATLANTA, Jan. 11, 2019 /PRNewswire/ -- The Georgia Power Foundation today announced a $50,000 donation to St. Vincent de Paul Georgia to help provide support to furloughed and unpaid federal workers and contractors in Georgia impacted by the partial government shutdown.
Through the fund, impacted families can ask for assistance by submitting a request to gapowerassistancefund@svdpgeorgia.org. Each email request should include the following:
A St. Vincent de Paul Georgia caseworker will reach out within 24 working hours. Questions regarding assistance through the newly-established fund can also be submitted to gapowerassistancefund@svdpgeorgia.org.
"At Georgia Power, we believe in helping our neighbors. We understand the shutdown may have affected federal workers, contractors and their families across the state," said Paul Bowers, Georgia Power Chairman, President and CEO. "We hope this partnership with St. Vincent de Paul Georgia will help provide some peace of mind during this time."
Georgia Power offers assistance options year-round for families who need help paying their bill. For more on payment arrangements and to learn more about other agencies that offer assistance, visit georgiapower.com.
St. Vincent de Paul Georgia, respecting the dignity of each person, works to bring hope and help to those in need so they may achieve stability and move toward self-sufficiency. The non-profit organization runs many programs benefitting citizens across the state including Family Support Centers in North and Central Georgia, benefits screenings, direct aid support and more.
Since 1883, Georgia Power has remained steadfast in its mission to improve the same communities it calls home for its customers, employees, neighbors and friends. Through the years, Georgia Power and its employees and retirees have poured themselves into enriching the environment and prosperity of Georgia's communities. In fact, the company's total community impact totaled $21 million last year. Georgia Power and the Georgia Power Foundation, Inc. invested more than $16.2 million in communities and nonprofit organizations across the state. Additionally, Georgia Power employees and retirees donated nearly 150,000 hours in volunteer services – valued at more than $3.5 million.
For more on Georgia Power's community efforts, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/11/20191/10/2019 - Georgia Power earns EEI Emergency Recovery Award for restoration efforts following Hurricane Michael
Georgia Power earns EEI Emergency Recovery Award for restoration efforts following Hurricane Michael
Source: PR Newswire
ATLANTA, Jan. 10, 2019 /PRNewswire/ -- The Edison Electric Institute (EEI) today presented Georgia Power with the association's "Emergency Recovery Award" for its power restoration efforts after Hurricane Michael in October 2018.
The Emergency Recovery Award is given to select EEI member companies to recognize their efforts to restore power to customers after service disruptions caused by severe weather conditions or other natural events. The winners are chosen by a panel of judges following an international nomination process. Georgia Power received the award during EEI's Winter Board and Chief Executives Meeting.
"We are honored to receive EEI's Emergency Recovery Award recognizing Georgia Power's dedication to serving our customers. Hurricane Michael was so powerful that some of our communities, especially those in the hardest hit areas of Southwest Georgia, are still feeling its effects," said Paul Bowers, chairman, president and CEO of Georgia Power. "Thousands of men and women from Georgia Power and assisting utilities worked around the clock and amid tremendous damage to restore power to nearly all impacted customers only four days after the storm swept through the state."
Georgia Power continuously monitored the path of Hurricane Michael prior to the Category 4 storm entering Georgia. The historic hurricane crossed through the state leaving 422,000 service outages in Georgia Power's territory, with the hardest hit areas in Southwest Georgia. Hurricane Michael was the third-strongest hurricane to make landfall in the U.S. in modern recorded history.
"The dedication of Georgia Power's crews to restore service throughout Georgia after Hurricane Michael illustrates our industry's commitment to customers," said EEI President Tom Kuhn. "Georgia Power's crews worked tirelessly in hazardous conditions to quickly and safely restore power. They are truly deserving of this award."
Georgia Power estimates that damage from Hurricane Michael included:
More than 5,800 personnel were mobilized as part of the company's restoration effort, including support from other Southern Company operating companies and more than a dozen assisting utilities. Responding personnel dedicated over 315,000 hours to the restoration, and service was safely restored to nearly all impacted customers four days after the storm.
Georgia Power has earned the Emergency Recovery Award seven times since the award's inception in 1998.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
The Edison Electric Institute (EEI)
EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for 220 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 65 international electric companies as International Members, and hundreds of industry suppliers and related organizations as Associate Members.
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SOURCE Georgia Power
Article Date
1/10/20191/9/2019 - Georgia Power announces the New Teacher Assistance Grant recipients for the 2018-2019 academic year
Georgia Power announces the New Teacher Assistance Grant recipients for the 2018-2019 academic year
Source: PR Newswire
ATLANTA, Jan. 9, 2019 /PRNewswire/ -- Georgia Power today announced the names of 41 teachers from across the state that are recipients of the company's annual $1,000 New Teacher Assistance Grants. Since launching the program in 2004, the company has awarded a total of $487,000 in individual grants to more than 487 new teachers from communities across the state. The grants are funded by Georgia Power and provide the state's newest teachers with funds to purchase classroom supplies and help start their classroom careers.
"Georgia's future workforce is learning valuable knowledge in classrooms throughout the state every day, and Georgia Power is committed to assisting teachers along the way," said Joseph Lillyblad, education and workforce manager for Georgia Power. "Georgia Power's New Teacher Assistance Grant program provides educators with the resources needed to continue supporting the success of their students and new teaching career."
Nominations were submitted by Georgia public colleges and universities that have schools of education. To be eligible for a grant, candidates must be in the top 25 percent of their class, be a first-year teacher employed by a public school in Georgia and demonstrate a high aptitude for teaching.
The nominations are reviewed by a statewide selection committee with grants awarded beginning in November. Grant recipients include pre-K, elementary, middle and high school teachers who are encouraged to use the funds to purchase items such as books, educational CDs or DVDs, computers, projectors, or other supplies to enhance their classrooms.
New Teacher Assistance Grant recipients include:
Northwest Georgia
Northeast Georgia
Southwest Georgia
Southeast Georgia
Georgia Power has been a partner with the state's public education system for more than 100 years – from supporting the work of groups such as Junior Achievement, to providing new teacher assistance grants, to hosting students at the company's generation facilities, Georgia Power works to help students achieve their full potential. For more information about how the company is helping advance education and build the highly skilled workforce of tomorrow, visit www.georgiapower.com/education.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
1/9/2019Virginia Natural Gas to Lower Customers' Rates by $13.9 million to Share Savings from Federal Tax Reform Law
Source: PR Newswire
VIRGINIA BEACH, Va., Jan. 2, 2019 /PRNewswire/ -- Beginning Jan. 1, Virginia Natural Gas customers will see the benefit from $13.9 million in reduced rates due to tax expenses savings from the recent Tax Cut and Jobs Act of 2017. The typical Virginia Natural Gas residential customer using approximately 50 ccf per month will see an annual bill decrease of about $33.
These lower rates stem from the Tax Cuts and Jobs Act of 2017, which lowered Virginia Natural Gas' federal tax rate from 35 percent to 21 percent, resulting in savings that will directly benefit Virginia Natural Gas' 300,000 natural gas customers.
"Every customer deserves reliable energy at a price they can afford," said Jim Kibler, president of Virginia Natural Gas. "The benefits of the tax law lowered tax expenses for the company, a savings we are pleased to share with our customers, and I'm happy to report we will be able to lower rates more than originally anticipated."
In December, Virginia Natural Gas received Virginia State Corporation Commission (VSCC) approval of $12.4 million of the decrease, applicable to customers that are not state or federal government agencies or those considered jurisdictional and subject to VSCC oversight.
In addition, Virginia Natural Gas will refund $13.9 million for customers' usage in 2018. The refund is to account for the time between when the federal tax reform law took effect (Jan. 1 2018) and when the VSCC-approved rate reduction became effective. Refunds will vary per customer dependent on their usage during the period of Jan. 1 through Dec. 31, 2018. For more information, visit virginianaturalgas.com/rates-and-tariff.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia. Virginia Natural Gas has been recognized as one of the safest, most reliable and customer-focused natural gas service providers, and is consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates. In 2018, Virginia Natural Gas was named Local Distribution Company of the Year by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association for the third consecutive year. For more information, visit virginianaturalgas.com and connect with the company on Facebook and Twitter.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Virginia Natural Gas
Article Date
1/2/2019Southern Company announces management changes
Source: PR Newswire
ATLANTA, Jan. 2, 2019 /PRNewswire/ -- Southern Company Chairman, President and CEO Thomas A. Fanning on Dec. 19 announced changes to the company's management, effective Jan. 1, 2019.
Beth Reese will become executive vice president of Southern Company Services (SCS) Shared Services, reporting to Stan Connally, executive vice president, operations. In this role, Reese will have responsibilities for SCS and Operations Budget and Reporting, SCS Facilities and Fleet Services, and System Air. She also will serve on both the Operations Management Council and the Accounting, Finance and Treasury (AFT) Management Council.
Dan Tucker will succeed Reese as executive vice president and chief financial officer at Southern Company Gas, reporting to Kim Greene, chairman, president and CEO, Southern Company Gas. In this role, Tucker will direct finance, accounting, business planning and risk management functions for all Southern Company Gas businesses and serve on the Southern Company Gas Management Council.
Robin Boren will succeed Tucker as senior vice president of finance and treasurer for Southern Company reporting to Drew Evans, CFO, Southern Company. In this role, Boren will lead the Southern Company's investor relations, corporate finance, business assurance and risk management groups.
"These organizational changes reflect Southern Company's commitment to the leadership development of our employees in support of our long-term business objectives," said Fanning. "We strive to have the best executive team at the top that will continue to lead our company to provide clean, safe, reliable and affordable energy to those we serve."
Reese served as Southern Company Gas' executive vice president and chief financial officer since 2015. She's previously served as senior vice president of Southern Company Gas and president of Nicor Gas in Illinois, controller and vice president over several of the company's functional areas, including operational planning and analysis, business innovation, customer service and finance. Prior to joining Southern Company Gas in 2000, Reese was a senior manager for Deloitte LLP. She received her bachelor's degree from St. Andrews Presbyterian College and her master's degree in accounting from University of Georgia.
Tucker most recently served as senior vice president of finance and treasurer for Southern Company. He has been with Southern Company for more than 20 years in various roles within the finance organization, including investor relations, financial planning and accounting. In 2012, he was named vice president of investor relations and financial planning. Tucker earned a bachelor's degree from Kennesaw State University with a double major in accounting and finance.
Boren has served as chief financial officer and treasurer for Gulf Power since Oct. 2017 after serving as president of Pivotal Home Solutions since 2012. She joined then-AGL Resources in 2009 as assistant treasurer. Prior to joining AGL, Boren served as director of capital markets origination for SunTrust Robinson Humphrey Inc. She earned her MBA from the Wharton School at the University of Pennsylvania and received a bachelor's degree in Accounting and Business Administration from Presbyterian College.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/2/2019Southern Company Closes Sale of Gulf Power to NextEra Energy
Source: PR Newswire
ATLANTA, Jan. 1, 2019 /PRNewswire/ -- Southern Company today completed the previously announced sale of Gulf Power Company to NextEra Energy. This marks the completion of the sales of Gulf Power, Florida City Gas and the entities holding Southern Power's interests in Plant Oleander and Plant Stanton.
"These sales deliver substantial value to Southern Company and our stockholders. By strengthening our financial position and allowing us to fund our business without raising significant additional capital, the value proposition of this deal is clear," said Thomas A. Fanning, chairman, president and CEO of Southern Company. "Our Florida teams have contributed significantly to the economies of South and Northwest Florida and improved the communities we served. Southern Company will continue to honor the accomplishments of our distinguished past, while working to optimize the long-term success of our business."
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries, as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline, as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward‐looking information based on current expectations and plans that involve risks and uncertainties. Forward‐looking information includes, among other things, statements concerning the expected benefits of the dispositions. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward‐looking information that has been provided. The reader is cautioned not to put undue reliance on this forward‐looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and its subsidiaries; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and its subsidiaries' Annual Reports on Form 10‐K for the year ended December 31, 2017, and Quarterly Reports on Form 10-Q for the quarter ended September 30, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward‐looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; the uncertainty surrounding the federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Southern Company and its subsidiaries; current and future litigation or regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies; variations in demand for electricity and natural gas, including those relating to weather, the general economy, population and business growth (and declines), the effects of energy conservation and efficiency measures and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of natural gas and other fuels; limits on pipeline capacity; transmission constraints; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4 which include components based on new technology that only recently began initial operation in the global nuclear industry at scale, including changes in labor costs, availability and productivity, challenges with management of contractors, subcontractors or vendors, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission ("NRC") requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the Southern Company system's employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction, and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; in the event Georgia Power becomes obligated to provide funding to Municipal Electric Authority of Georgia ("MEAG") with respect to the portion of MEAG's ownership interest in Plant Vogtle Units 3 and 4 involving Jacksonville Electric Authority, any inability of Georgia Power to receive repayment of such funding; litigation or other disputes related to the Kemper County energy facility; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected and the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of physical attacks; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward‐looking information.
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SOURCE Southern Company
Article Date
1/1/2019NextEra Energy completes acquisition of Gulf Power from Southern Company
Source: PR Newswire
JUNO BEACH, Fla., Jan. 1, 2019 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has completed its previously announced acquisition of Gulf Power Company from Southern Company (NYSE: SO).
"We are excited to welcome our new colleagues from Gulf Power to the NextEra Energy family," said Jim Robo, chairman and chief executive officer of NextEra Energy. "The last few months have been among the most challenging periods in Gulf Power's rich history as the team worked tirelessly to restore power to those impacted by Hurricane Michael. We couldn't be more pleased by Gulf Power's performance and commitment to getting the lights back on during what were extremely dangerous and difficult conditions. As we turn to the future, we look forward to extending to Gulf Power's customers our best-in-class value proposition of low bills, clean energy, high reliability and outstanding customer service."
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns two electric companies in Florida: Florida Power & Light Company, which serves approximately 5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States; and Gulf Power Company, which serves approximately 450,000 customers in eight counties throughout northwest Florida. NextEra Energy also owns a competitive energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2018 list of "World's Most Admired Companies" and ranked among the top 25 on Fortune's 2018 list of companies that "Change the World." For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.GulfPower.com, www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc.
Article Date
1/1/201912/21/2018 - Louise Scott named member of Herbert Wertheim College of Engineering Dean's Advisory Board
Louise Scott named member of Herbert Wertheim College of Engineering Dean's Advisory Board
Source: PR Newswire
ATLANTA, Dec. 21, 2018 /PRNewswire/ -- Southern Company Gas applauds the University of Florida's announcement that Louise Scott, vice president of Customer Experience, has been appointed to the Dean's Advisory Board for the Herbert Wertheim College of Engineering.
Scott graduated from the University of Florida with a bachelor's degree in mechanical engineering and previously served on the boards of the University of Florida Mechanical and Aerospace Engineering External Advisory Board and Society of St. Vincent de Paul.
"As a proud alumna of the University of Florida I am honored to serve in this role," said Scott. "I am committed to continuing efforts that power the future of engineering as a member of the board."
With more than 30 years of experience, Scott has expertise in customer experience, engineering, operations and technology. Scott joined Southern Company in 1995 and has held many leadership roles including vice president and regional chief information officer for the company's Georgia region.
The Dean of the Herbert Wertheim College of Engineering, Dr. Cammy Abernathy, highly values the expertise and business management advice of esteemed alumni and industry leaders. Dean's Advisory Board members help guide the college toward reaching its research and education goals, in addition to helping to promote and advance the best interest of the college, including securing financial support among alumni and friends, industry and government agencies.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Southern Company Gas
Article Date
12/21/2018Southern Company is ranked No. 1 energy company and No. 7 overall company on national list of military friendly employers for 2019
Source: PR Newswire
ATLANTA, Dec. 20, 2018 /PRNewswire/ -- Southern Company is the highest-rated energy company and No. 7 overall in G.I. Jobs Magazine's annual ranking of the top military friendly employers. The 2019 list ranks the company as the nation's best energy company for veterans, guardsmen and reservists. The list gave Southern Company the coveted Top 10 Gold ranking among all employers with revenue over $1 billion and included the company on the list of top military friendly spouse employers for 2019.
This is the 12th consecutive year Southern Company has been ranked among the top nationwide military employers.
"We are proud to lead the energy industry as the No. 1 military employer," said Southern Company president, chairman and CEO Tom Fanning. "We actively recruit veterans and partner with military transition centers to do our part to ensure success after service."
G.I. Jobs selection criteria include the strength of the company's military recruiting efforts, the percentage of new hires with prior military service, retention programs and company policies that encourage and support National Guard and Reserve servicemen and women.
Over the past three years, 14 percent of Southern Company's new hires have been veterans or active military, who now comprise 10 percent of the total workforce.
Southern Company is a founding partner of the Troops to Energy Jobs program, a recruiting source that links veterans to job openings in the energy industry. Southern Company has pledged to support the Joining Forces initiative, participates annually in more than 30 military recruitment events and partners with military transition centers across the country.
Additionally, Southern Company is proud to be the only energy company to partner with the U.S. Army, U.S. Navy, U.S. Marine Corps, U.S. Air Force, U.S. Coast Guard and reserve and guard personnel to develop innovative energy projects both on and off base. Through our partnership with Department of Defense we are engaging directly with emerging technologies and new business models impacting both our nation's security and the communities we serve.
Our values of safety, trust, superior performance and total commitment strongly align with those of the U.S. military, making Southern Company one of the best places to work for veterans, guardsmen and reservists. Please visit southerncompany-veterans.jobs to learn more about how veterans are a great fit at Southern Company.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of Dec. 31, 2017.
The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Visit our website at www.southerncompany.com to learn more.
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SOURCE Southern Company
Article Date
12/20/2018Plant Vogtle employees donate more than 7,000 toys for Augusta-area children
Source: PR Newswire
ATLANTA, Dec. 14, 2018 /PRNewswire/ -- Just in time for the holidays, employees at Georgia Power's Plant Vogtle near Waynesboro, Georgia, donated more than 7,000 toys to the U. S. Marine Corps Reserve Toys for Tots Program to aid children in need in Augusta and surrounding communities.
This year's donation marks Plant Vogtle's largest ever contribution to the Toys for Tots Program.
Vogtle employees with Georgia Power, Southern Nuclear, Bechtel, Richmond County Constructors, Williams, Westinghouse, North America's building trades unions and the Augusta Building Trades Council donated the toys, which were loaded onto trucks at the Vogtle site Dec. 14 by representatives of the U.S. Marine Corps and site workers.
A monetary donation of more than $42,000 was also presented to the Augusta Toys for Tots program on behalf of Georgia Power, Southern Nuclear, Bechtel, North America's building trades unions and the Augusta Building Trades Council.
"It's important for us to help our neighbors improve their lives, and make our communities better because we're here," said Vogtle 3 & 4 Construction Senior Vice President Glen Chick.
In addition to the Toys for Tots program, Vogtle employees have contributed their time and resources to benefit other community initiatives in 2018. Earlier this year, employees raised more than $100,000 for The Lydia Project, which supports female cancer patients being treated in the Augusta area by paying basic expenses such as transportation to cancer treatment, utilities, rent and medical supplies. Vogtle employees also raised $83,500 to help local military veterans and their families through the Augusta Warrior Project, which helps veterans with housing, employment and education.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/14/2018Georgia Power continues to make progress on ash pond closure at Plant Branch
Source: PR Newswire
ATLANTA, Dec. 13, 2018 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of ash ponds at Plant Branch with the dewatering process scheduled to begin in late January 2019. Dewatering marks a significant step towards completing the site-specific closure process at Plant Branch to completely excavate the ash ponds, then store the ash in a new, lined landfill on plant property.
Since the last megawatt was generated at Plant Branch in March 2015, the power plant and supporting facilities, including the administrative buildings, cooling towers, warehouses and machine shops have been dismantled. The 1,000 ft tall smokestack was safely imploded, and the coal pile has been removed. Coal conveyors and pipe and cable racks were cleaned and removed. Much of the equipment was sold or repurposed, and metals were separated and recycled. Final stabilization and restoration of the primary plant site will be completed in 2019.
The ash pond dewatering plan for Plant Branch that has been approved by the Georgia Environmental Protection Division (EPD) identifies the enhanced water treatment system, controls and monitoring that will be used during the process to ensure that the water discharged is protective of water quality standards. The planned on-site lined landfill will be permitted and regulated by the EPD. To date, the company has removed one of the five ash ponds at Plant Branch, completed engineering and feasibility studies and filed permit applications with the EPD for the remaining ash ponds at Plant Branch.
"As we begin the dewatering process at Plant Branch, we are pleased with the progress we have made on our aggressive ash pond closure process throughout the state at all of our plants," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We continue to focus on safety and meet all compliance requirements throughout the process to fulfill our longstanding commitment to serve and protect the environment and local communities. We have invested in appropriate water treatment systems to ensure that our dewatering process is protective of the area's lakes and rivers. Throughout the process, clear communication to our customers and the community about our progress also remains a priority."
This updated closure plan allows the company to preserve the option to better reuse the ash in the future and maximizes the potential for future redevelopment or sale of the site. Today, more than 60 percent of the coal ash Georgia Power produces is recycled for various beneficial uses such as Portland cement, concrete and cinder blocks. Communication regarding the closure plan is provided through EPD notifications, advance public notice of permits and updates to local homeowners and local media. The updated plan also maximizes the potential for future redevelopment of the site. To read more about Plant Branch's ash pond closure and dewatering process, click here.
Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. Today, the company announced the latest progress on its plans to safely close all 29 ash ponds at 11 active and retired coal-fired power plant sites across the state. The company is in the process of completely excavating 19 ash ponds located adjacent to lakes and rivers with the remaining 10 being closed in place using advanced engineering methods and closure technologies.
The company has now substantially completed closure construction activities for seven ash ponds at Plants Hammond, Branch, Kraft, McDonough and Yates. This includes removal of all ash from five ash ponds at Plants Branch, Kraft, McDonough and Yates. Additionally, construction activities are currently underway at multiple sites with closure construction efforts expected to be completed at four additional ash ponds at Plants McDonough, McManus and Yates in 2019.
Last month, Georgia Power completed the submission of 29 Coal Combustion Residuals (CCRs) permit applications as required by the Georgia CCR rule for ash ponds and landfills. These permit applications outlined significant and detailed engineering information about Georgia Power's ash pond closure plans and landfill operations plans. The permitting application process was developed and completed with significant internal and external resources supported by multiple third-party consulting and engineering firms.
In August, the company updated its ash pond closure plans for Plants Bowen and Branch, specifically to increase the number of excavated ponds at both site locations after continued engineering and analysis.
Georgia Power's ash pond closure plans fully comply with the federal Coal Combustion Residuals (CCR) Rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the Georgia Environmental Protection Division (EPD) will approve all actions to ensure ash pond closures are protective of water quality.
Ash pond closures are site-specific and balance multiple factors, such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers. In 2016, the company announced that all ash ponds will stop receiving coal ash in three years and the significant construction work necessary to accommodate the dry-handling of ash is on track to be completed in 2019.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells, including 24 wells at Plant Branch, around its ash ponds and on-site landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The company continues to post testing results on Georgia Power's website and report them to the Georgia EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
Dewatering Process
Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to ensure that it meets the requirements of the plant's wastewater discharge permits approved by the Georgia EPD and is protective of applicable water quality standards. The dewatering process marks a significant step towards completing the ash pond closure process and has begun at three of Georgia Power's plants: Bowen, McDonough and McManus, with Plant Branch scheduled to begin in late January 2019.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
12/13/2018Georgia Power continues to make progress on ash pond closures
Source: PR Newswire
ATLANTA, Dec. 13, 2018 /PRNewswire/ -- Georgia Power today announced the latest progress on its plan to safely close all 29 ash ponds at 11 active and retired coal-fired power plant sites across the state. The company is in the process of completely excavating 19 ash ponds located adjacent to lakes or rivers with the remaining 10 being closed in place using advanced engineering methods and closure technologies.
The company has now substantially completed closure construction activities for seven ash ponds at Plants Hammond, Branch, Kraft, McDonough and Yates. This includes removal of all ash from five ash ponds at Plants Branch, Kraft, McDonough and Yates. Additionally, construction activities are currently underway at multiple sites with closure construction efforts expected to be completed at four additional ash ponds at Plants McDonough, McManus and Yates in 2019.
Last month, Georgia Power completed the submission of 29 Coal Combustion Residuals (CCRs) permit applications as required by the Georgia CCR rule for ash ponds and landfills. These permit applications outlined significant and detailed engineering information about Georgia Power's ash pond closure plans and landfill operations plans. The permitting application process was developed and completed with significant internal and external resources supported by multiple third-party consulting and engineering firms.
"We took early action to quickly and safely begin closing all of our ash ponds with our top priority being to protect water quality every step of the way," said Dr. Mark Berry, vice president of Environmental and Natural Resources for Georgia Power. "Our multi-year closure strategy is aggressive, and we are making great progress, while remaining committed to working quickly and safely, protecting water quality every step of the way and complying with all state and federal requirements."
In August, the company updated its ash pond closure plans for Plants Bowen and Branch, specifically to increase the number of excavated ponds at both site locations after continued engineering and analysis.
Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. Georgia Power's ash pond closure plans fully comply with the federal Coal Combustion Residuals (CCR) Rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the Georgia Environmental Protection Division (EPD) will approve all actions to ensure ash pond closures are protective of water quality.
Ash pond closures are site-specific and balance multiple factors, such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers. In 2016, the company announced that all ash ponds will stop receiving coal ash in three years and the significant construction work necessary to accommodate the dry-handling of ash is on track to be completed in 2019.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells around its ash ponds and on-site landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The first round of testing was completed with results published in August 2016, more than 18 months ahead of federal requirements, and the company continues to post testing results on Georgia Power's website and report them to Georgia EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
Dewatering Process
Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to ensure that it meets the requirements of the plant's wastewater discharge permits approved by the Georgia EPD and is protective of applicable water quality standards. The dewatering process marks a significant step towards completing the ash pond closure process and has begun at three of Georgia Power's plants: Bowen, McDonough and McManus.
At Plant Branch, Georgia Power continues to make progress towards the closure and restoration of ash ponds with the dewatering process scheduled to begin in late January 2019. Dewatering of the ash ponds is part of the site-specific closure process at Plant Branch to completely excavate the ash ponds, then store the ash in a new, lined landfill on plant property.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
12/13/2018Southern Company joins as first corporate partner of the Southeast Aquatics Fund
Source: PR Newswire
ATLANTA, Dec. 11, 2018 /PRNewswire/ -- Southern Company, the National Fish and Wildlife Foundation (NFWF) and other partners today announced $940,000 in grants to restore aquatic habitats and foster growth of freshwater species. The grants will support six projects benefitting at-risk aquatic species within Alabama, Georgia and Florida – where nearly half of the Southern Company system's customers live and play.
The grants will leverage $1.1 million in matching contributions, generating a total conservation impact of more than $2 million. Awarded through the Southeast Aquatics Fund, the grants are a result of a strategic public-private partnership between NFWF, the USDA Forest Service and Natural Resources Conservation Service, U.S. Fish and Wildlife Service and Southern Company.
"It's a privilege to sponsor projects that recover native aquatic species and restore critical watersheds in the Southeast," said Jeff Burleson, Southern Company's environmental and system planning vice president. "Southern Company is committed to supporting initiatives that enrich the communities we serve by protecting our natural resources for current and future generations."
Southern Company has a long history of partnering with communities, conservation organizations and natural resource agencies to improve local water quality and aquatic habitats. To learn more about Southern Company's commitment to stewardship, including an interactive project map, please visit www.southerncompany.com/corporate-responsibility/environmental-stewardship.html.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017.
The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Visit our website at www.southerncompany.com to learn more.
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SOURCE Southern Company
Article Date
12/11/201812/11/2018 - Google's Dr. Janaki Akella and Former PG&E CEO Anthony Earley to Join the Southern Company Board of Directors
Google's Dr. Janaki Akella and Former PG&E CEO Anthony Earley to Join the Southern Company Board of Directors
Source: PR Newswire
ATLANTA, Dec. 11, 2018 /PRNewswire/ -- The Board of Directors of Southern Company today announced the election of Dr. Janaki Akella and Anthony F. Earley, Jr. as independent directors effective Jan. 2, 2019. Dr. Akella will join the Operations, Environmental and Safety Committee and the Business Security Subcommittee and Mr. Earley will join the Operations, Environmental and Safety Committee and the Compensation and Management Succession Committee, in each case effective January 2, 2019.
"Janaki and Tony will provide strong leadership to Southern Company's ability to operate our premier regulated utilities. Further, their command of the technological transformations and advancements the energy industry is experiencing will support Southern Company as we continue to shape America's energy future," said Chairman, President and CEO Thomas A. Fanning. "The addition of these two knowledgeable, respected and accomplished executives demonstrates our commitment to effective board refreshment and good corporate governance."
Dr. Akella has served as Business Leader, Digital Transformations at Google LLC since 2017. A renowned business leader, her problem-solving skills address challenges arising from new technologies and new business models. A trusted advisor and coach for executives across a number of business functions and disciplines, Dr. Akella has a reputation for understanding complex technical issues.
From 1999 to 2016, Dr. Akella served in various positions with McKinsey & Company, including as a Principal. While at McKinsey, Dr. Akella led or contributed to over 100 consulting engagements in North America, Europe, Asia and Latin America with multiple teams and clients and was the first woman partner elected globally in the Business Technology Office. Dr. Akella began her career with Hewlett-Packard as a member of the System Technology technical staff, Engineer Scientist and Technical Contributor.
Dr. Akella earned a Ph.D. in Electrical and Computer Engineering from Carnegie Mellon University, where she also was a Post-Doctoral Fellow. Dr. Akella earned a M.S. in Electrical and Computer Engineering from Boston University and a Bachelor of Engineering degree with Honors and Distinction from the College of Engineering in Guindy, India.
Mr. Earley served as Executive Chair of the Board of PG&E Corporation for a majority of 2017 as well as Chairman, CEO and President of PG&E Corporation from Sept. 2011 until Dec. 2017. At PG&E, he spearheaded major initiatives related to safety, operational excellence, long-term integrated planning and workforce development. A former Chair of the Edison Electric Institute, Mr. Earley was directly involved in the development of national policies on energy, the environment and climate change. He also served as chair of the Nuclear Energy Institute.
Before joining PG&E, Mr. Earley served in several leadership roles during 17 years at DTE Energy, including Executive Chairman, Chairman and CEO, and President and COO. Prior to joining DTE Energy in March 1994, Mr. Earley served in various capacities at Long Island Lighting Company, including President and COO. He also was a partner at the Hunton & Williams law firm. He sits on the board of Ford Motor Company and served on the board of the Electric Power Research Institute.
Mr. Earley earned a bachelor's degree in physics, a master's degree in engineering, and a law degree at the University of Notre Dame. After graduating from Notre Dame, he went on to serve as an officer in the United States Navy nuclear submarine program, where he was qualified as a chief engineer officer.
Often recognized for his community service, Mr. Earley lends his time and expertise to several charitable causes and was named 2015 Philanthropic CEO of the Year by the American Red Cross of the Bay Area.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
12/11/201812/10/2018 - Tom Fanning Named Global CEO of the Year at 2018 S&P Global Platts Global Energy Awards
Tom Fanning Named Global CEO of the Year at 2018 S&P Global Platts Global Energy Awards
Source: PR Newswire
ATLANTA, Dec. 10, 2018 /PRNewswire/ -- Southern Company Chairman, President and CEO Tom Fanning was named CEO of the Year at the 2018 S&P Global Platts Global Energy Awards held in New York City on Dec. 6.
Fanning was selected among 16 global finalists by the event's judges who praised him for leading with a flexible outlook that has diversified Southern Company into a company with a renewable-focused future. The judges further noted Fanning has invested more than $20 billion during his time in developing low- and no-carbon generation resources.
"I am humbled and honored to receive this type of recognition," said Fanning. "But any CEO that is worth their salt knows it is never about you. It is always about them. The thousands of people at Southern Company, 30,000 strong, who make thousands of good decisions every day. They're the people that make us successful."
The annual award ceremony honors and recognizes leading organizations and individuals in the energy industry dedicated to achieving excellence, improving the industry and creating new solutions to better serve their customers. Awards were presented to 21 recipients before an audience of over 500 energy and finance executives.
Southern Company was previously named Energy Company of the Year in 2016 by Platts Global Energy. This year, Southern Company was also named as a finalist in the Corporate Social Responsibility and the Power Award of Excellence categories.
For the full list of 2018 Global Energy Awards winners, visit the Global Energy Awards website
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
12/10/2018Georgia Power seeks 540 MW of new large-scale renewable generation
Source: PR Newswire
ATLANTA, Dec. 10, 2018 /PRNewswire/ -- Georgia Power continues to grow renewable energy in Georgia through the Renewable Energy Development Initiative (REDI), as approved by the Georgia Public Service Commission (PSC) in 2016. REDI authorizes Georgia Power to procure 1,200 MW of renewables through multiple programs. The final REDI solicitation is underway, and Georgia Power is now accepting bids for utility scale renewable projects through a Request for Proposals (RFP) for 540 megawatts (MW) to fulfill the remaining capacity of the REDI Utility Scale procurement.
"We are proud of the principles that we have built upon with REDI, such as competitive bidding, as we continue to procure renewable energy from cost effective resources to maximize the benefits for our customers," said Wilson Mallard, director of Renewable Development for Georgia Power. "Georgia Power has worked with the PSC to be a national leader in renewable energy and we are eager to receive, review and select projects from this RFP that will provide significant long-term value."
Georgia Power is soliciting eligible renewable energy (e.g. solar, wind or biomass) projects greater than 3 MW, up to 540 MW in size in this RFP. The solicitation also allows for proposals that include energy storage in conjunction with a renewable resource. The RFP is being conducted with oversight by the Accion Group, Inc., which is serving as the Independent Evaluator for the process. Interested parties are invited to review terms of the RFP and submit proposals here by noon on January 15, 2019.
In late 2017, Georgia Power awarded power purchase agreements (PPAs) for 510 MW of new solar projects in the first phase of REDI's utility scale procurement. Three projects are currently under development in Central, South and Southwest Georgia and represent the largest individual solar projects in Georgia to date.
Through programs and projects developed in coordination with the Georgia PSC, Georgia Power is committed to maintaining a diverse generation portfolio, while providing customers with renewable energy options. With 976 MW* of solar capacity currently online, the company continues to grow the largest voluntary renewable portfolio in the nation. Through continued implementation of REDI, as well as other solar projects and programs, Georgia Power expects to have added up to 1,600 MW* of additional renewable resources by the end of 2021.
All customers will benefit from the projected long-term energy savings from the REDI large-scale procurements. Additionally, customers can support solar growth through optional programs such as Georgia Power Community Solar and Simple Solar. Community Solar gives residential customers who subscribe the opportunity to earn a bill credit based on actual solar energy production at Georgia Power's Community Solar facilities. The Simple Solar program is a solar renewable energy credit (REC) purchase program available to all customers that allows participants to claim solar benefits for either 50 percent or 100 percent of their energy usage.
To learn more about these or Georgia Power's other solar programs, as well as solar tools and resources for customers, visit www.GeorgiaPower.com/Solar.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected renewable growth and related customer benefits. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
12/10/2018Georgia Power prepared to respond to winter weather
Source: PR Newswire
ATLANTA, Dec. 7, 2018 /PRNewswire/ -- With winter weather expected to impact Georgia over the weekend, Georgia Power is advising customers to prepare for the potential of wind, rain, snow, or ice. The company is monitoring the changing weather conditions and is ready to respond to any service interruptions as quickly and safely as possible.
Georgia Power reminds customers to keep safety first during severe winter weather and offers the following tools to stay connected and informed.
Tools You Can Use to Prepare for Severe Weather Year-round
For additional video tips on preparing for winter weather, visit GeorgiaPower.com/WinterPrep. The site features information on a variety of winter weather topics including Watches vs. Warnings, Staying Connected, Electrical Safety and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/7/201812/6/2018 - Georgia Power and the Atlanta Business Chronicle present new scholarship for outstanding film student
Georgia Power and the Atlanta Business Chronicle present new scholarship for outstanding film student
Source: PR Newswire
ATLANTA, Dec. 6, 2018 /PRNewswire/ -- Georgia Power and the Atlanta Business Chronicle announced today the inaugural Business of Film Rising Star Student Scholarship. The $5,000 scholarship, presented today during the 2018 Business of Film event at the Sandy Springs Performing Arts Center, will help a Georgia student pursuing a degree in film-related studies further his or her education. The scholarship will be awarded annually during the Atlanta Business Chronicle's Business of Film event.
"Georgia Power has worked closely with the state to help support and grow the film industry in Georgia," said Anne Kaiser, vice president of community and economic development, Georgia Power. "We know that as the film industry grows in our state, so does the need for a diverse and experienced workforce to support it. That's why we partnered with the Atlanta Business Chronicle on this scholarship – so we can help a deserving student right here in Georgia prepare for a successful career in film."
"Georgia Power was our inaugural partner, and continues to be a valuable partner, in our Business of Film event every year. We are so pleased to grow that partnership and join together to honor an outstanding student with this new scholarship," said David Rubinger, president and publisher, Atlanta Business Chronicle. "Through their economic development and workforce development initiatives, Georgia Power plays a major role in recruiting the film industry to our state, and they understand the importance of attracting and keeping film dollars in Georgia."
From major motion pictures, to indie films and television series, Georgia Power uses its properties, business partnerships, power grids, and other assets to make Georgia a one-stop shop for filmmakers. As one of the largest property owners in the state, Georgia Power provides access to industrial properties, lakes, generating facilities and parks as well as assists with lighting and power needs.
2018 Inaugural Winner
Timothy Pitts, a student at Columbus State University (CSU), is the inaugural recipient of the Business of Film Rising Star Student Scholarship. A non-traditional student and Navy veteran, Pitts has overcome many obstacles on his path to pursuing a career in the film industry. His passion for photography led him to studying film at CSU and, ultimately, excelling in both his screenwriting and film production classes.
Pitts has been completing his degree under a Post 9/11 GI Bill scholarship, which will soon expire. The $5,000 Business of Film Rising Star Student Scholarship will go towards helping him complete his final three semesters and graduate in the summer of 2020.
"Because of Georgia Power, the Atlanta Business Chronicle and this scholarship, I'm not only able to complete my degree but also show my children that no matter where you start in life, you can find your purpose and pursue your passion," said Pitts.
He was chosen from nominations submitted by Columbus State University, Savannah College of Art and Design, and Georgia State University.
About the Event
The Atlanta Business Chronicle's Business of Film event began in 2016 as a venue to discuss the future of film in Georgia. Each year hundreds of current and aspiring members of the film industry attend the event. This year, 200 attendees joined together at the Sandy Springs Performing Arts Center to hear from Georgia film industry insiders on why it is so important to keep Georgia film dollars in Georgia, take in a panel on innovative education programs that are training and retaining talent, and discuss what next steps are needed to ensure the film industry is a sustainable economic driver for the state in the future.
Efforts in Workforce Development
For more than a century, Georgia Power has been helping communities grow and prosper. Georgia Power guides companies on their search for the best location for their business and support local leaders as they attract new jobs and investment. The company is also committed to investing in programs and organizations that help build a talent pipeline spread across a diverse set of industries and skill sets.
Georgia Power has long recognized that workforce development is the number one driver for new and expanding industries. Through partnership efforts with organizations like the Technical College System of Georgia, the state's nationally-ranked colleges and universities, and more, Georgia Power is helping to fill great jobs with a highly trained, skilled workforce.
For more on the company's economic development and workforce development efforts, visit www.selectgeorgia.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
12/6/2018Final containment vessel ring placed for Vogtle Unit 3
Source: PR Newswire
ATLANTA, Dec. 4, 2018 /PRNewswire/ -- Georgia Power announced today the latest milestones at the Vogtle nuclear expansion near Waynesboro, Georgia – the placement of the third and final ring that comprises the Unit 3 containment vessel, and the placement of the fourth and final reactor coolant pump (RCP) for Unit 3.
Weighing just under 2 million pounds, approximately 38 feet high and with a diameter of 130 feet, the ring is the fourth of five sections that make up the containment vessel, a high-integrity steel structure that houses critical plant components. Click here to view a time-lapse video of the placement. The fifth and final piece – the containment vessel top head – is expected to be placed in 2019.
In addition, the 375,000-pound RCP was recently placed inside the Unit 3 containment vessel. The RCPs are mounted to the steam generator and serve a critical part of the reactor coolant system, circulating water from the steam generator to the reactor vessel, allowing sufficient heat transfer for safe plant operation. The pumps, coupled with each steam generator in the AP1000 reactor design, can be operated at variable speeds during the reactor's heat-up and cool-down processes. During regular operations, each RCP runs at 1,800 revolutions per minute.
"These milestones further demonstrate the significant progress we continue to make at the construction site as we remain focused on the safe, quality construction of these new units," said Vogtle 3 & 4 Construction Senior Vice President Glen Chick.
With more than 7,000 workers onsite, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the site with new photos added monthly to the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/4/2018NextEra Energy completes acquisition of the ownership interests in two natural gas power plants from Southern Company
Source: PR Newswire
JUNO BEACH, Fla., Dec. 4, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has completed the previously announced acquisition of Southern Company's (NYSE: SO) indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida.
"We are pleased to complete this transaction and add these high-quality assets to the NextEra Energy Resources portfolio," said Jim Robo, chairman and chief executive officer of NextEra Energy. "We have now successfully closed two of the three transactions we announced with Southern Company earlier this year, and we are still targeting completing the Gulf Power transaction in the first quarter of 2019."
With the completion of this transaction, NextEra Energy has acquired a 100 percent ownership interest in Plant Oleander, a dual-fueled, simple-cycle combustion turbine electric generation plant located near Cocoa, Florida, with a generating capacity of approximately 791 megawatts (MW) and power purchase agreements with the Florida Municipal Power Agency and Seminole Electric Cooperative. NextEra Energy has also acquired a 100 percent interest in a company owning a 65 percent ownership interest in Stanton Energy Center Unit A, a dual-fueled, combined-cycle electric generating unit, with a generating capacity of approximately 660 MW, located near Orlando, Florida. The 65 percent interest is contracted with the Orlando Utilities Commission and Florida Municipal Power Agency.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.2 billion, operates approximately 46,790 megawatts of net generating capacity and employs approximately 14,000 people in 33 states and Canada as of year-end 2017. Headquartered in Juno Beach, Florida, NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2018 list of "World's Most Admired Companies" and ranked among the top 25 on Fortune's 2018 list of companies that "Change the World." For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc.
Article Date
12/4/2018Georgia Power launches annual Winter Weather Preparedness campaign
Source: PR Newswire
ATLANTA, Dec. 3, 2018 /PRNewswire/ -- As the official start of winter approaches, Georgia Power encourages its 2.5 million customers to be winter-weather ready, as the company is once again partnering with FEMA, GEMA, GDOT and the National Weather Service for Winter Weather Preparedness Week (WWPW), which Governor Nathan Deal has proclaimed will take place December 3 – 7.
The 2018 campaign revolves around several statewide events and an online video series hosted on Georgia Power's YouTube channel. Each day of the week will focus on a different preparedness tip or action that customers can take to help their families become winter-weather ready.
Preparedness Video Schedule
On. Dec. 5, the Georgia Power Storm Center will host various county emergency management agencies (EMAs) from across the state for a winter weather preparedness summit at the company's corporate headquarters at 241 Ralph McGill Boulevard in Atlanta. EMA attendees will have the chance to tour one of Georgia Power's mobile command centers, the Social Media Center and the Storm Center to learn more about the company's storm preparedness and response capabilities. Media is invited. To attend, contact Meredith Stone at mastone@southernco.com to register.
On Dec. 7 at 1 p.m., Georgia Power's Winter Weather Preparedness Week will culminate with a statewide day of action featuring a Facebook event where Georgia Power, in collaboration with FEMA, GEMA, GDOT and NWS will participate in a live question and answer session on storm safety and will demonstrate how to build an emergency kit.
For more information about staying prepared with Georgia Power visit the company's online storm center at GeorgiaPower.com/storm. For more information about Georgia Emergency Management Agency's preparedness efforts, visit Ready.ga.gov.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
12/3/2018Ronee Hagen named among NACD 2018 Directorship Honorees
Source: PR Newswire
ATLANTA, Nov. 28, 2018 /PRNewswire/ -- The National Association of Corporate Directors (NACD) named Southern Company Director Ronee Hagen among their 2018 honorees.
The annual award recognizes leading corporate directors, corporate governance experts, policymakers and influencers who significantly impact boardroom practices and performance. These leaders serve as role models in promoting exemplary board leadership, oversight and courage in the boardroom.
Hagen joined Southern Company's Board of Directors in 2008. She has chaired a number of committees including the Nominating, Governance and Corporate Responsibility Committee and the Operations, Environmental and Safety Committee. She has also served as lead independent director. Hagen has over 35 years of executive experience in global operational management and commercial business leadership, including serving as the chief executive officer for Polymer Group, Inc. and Sappi Fine Paper North America.
"On behalf of Southern Company, it is my privilege to congratulate Ronee on this well-deserved recognition," said Chairman, President and CEO Tom Fanning. "Ronee's vision, leadership and dedication in service to our stockholders, customers, employees and communities over the past ten years has been a source of inspiration to all of us."
Hagen will be honored at NACD's Annual Directorship Awards Gala tonight at Cipriani 42nd Street in New York City and be featured in the November/December issue of Directorship magazine.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
11/28/2018Project SHARE makes helping neighbors easy this holiday season
Source: PR Newswire
ATLANTA, Nov. 27, 2018 /PRNewswire/ -- Georgia Power is inviting customers to join the company and The Salvation Army to help neighbors and local Georgia communities this winter through the Project SHARE initiative. Project SHARE, established in partnership with The Salvation Army in 1985, was one of the first fuel funds in America and provides assistance for expenses, such as utility bills, housing, food and medical necessities.
Since Project SHARE's inception, approximately 370,500 households and more than 1,100,000 individuals throughout the state have received assistance with more than $70 million contributed to the program by Georgia Power and its customers. Last year, Georgia Power customers donated to the program leading to a total contribution, including Georgia Power's match, of more than $2.2 million. The program assisted 6,563 households and 17,310 individuals.
By donating one to 10 dollars through their Georgia Power bill payment, customers can provide assistance to residents in the same community. The unique program is highly localized with more than one million Georgians benefiting from the program over the past three decades.
"Improving the quality of life for all people in the communities where we live and work is important to us at Georgia Power and Project SHARE provides an opportunity for our customers to join us in this mission," said Kevin Kastner, vice president of customer services for Georgia Power. "Thanks to our long-standing partnership with The Salvation Army, Project SHARE continues to be one of our most successful charitable giving programs year after year."
Donate to Project SHARE
Although Georgia Power's support of the program continues throughout the year, the company highlights the work of Project SHARE annually on December and January Georgia Power bills. By enrolling in the program, customers have the option to make an automatic monthly donation of $1, $2, $5 or $10 simply by adding the amount to their bill payment. Georgia Power then matches the donation, dollar for dollar, up to one million dollars per year. Georgians can also make a one-time donation directly to Project SHARE through The Salvation Army by calling (800) 257-4273 or visiting www.salvationarmygeorgia.org. To learn more about Project SHARE, or to support the program with Georgia Power today, visit www.georgiapower.com/projectshare.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/27/2018Special holiday deals available on Georgia Power Marketplace
Source: PR Newswire
ATLANTA, Nov. 21, 2018 /PRNewswire/ -- Holiday shopping has never been easier, with special deals available on the Georgia Power Marketplace beginning today. The Marketplace brings the most popular energy saving products from smart thermostats to LED lighting to a single convenient online portal. The website streamlines the rebate process through integration with residential customers' Georgia Power accounts and provides free shipping on orders over $49.
Holiday deals available on Georgia Power Marketplace include:
Smart Thermostats:
*Instant rebates available for a limited time for Georgia Power residential customers
Connected Home Products:
Lighting:
Deals and promotions will change throughout the week, so shoppers should check the site early and often for the latest offers and full terms and conditions.
Throughout the holiday season, Georgia Power reminds customers that focusing on energy efficiency can help them save money and energy even as they celebrate. In addition to shopping for energy-saving products on the Georgia Power Marketplace, simple tips for the holidays include switching to energy efficient LED decorations, which use more than 50 percent less energy than traditional decoration, and putting decorations on a timer to ensure they're only on when people are home, or awake, to enjoy them. For more easy ways to save energy this holiday, visit www.GeorgiaPower.com/Save. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/21/2018150-ton shield building panels placed at Vogtle 3 & 4 nuclear expansion
Source: PR Newswire
ATLANTA, Nov. 20, 2018 /PRNewswire/ -- Georgia Power announced today continued progress at the Vogtle 3 & 4 nuclear expansion near Waynesboro, Ga., with the placement of the first two sets of double-decker shield building panels around the outer wall of the Unit 3 containment vessel.
The shield building panels, fabricated in Newport News, Va., provide structural support to the containment cooling water supply and protect the containment vessel, which houses the reactor vessel and associated equipment.
A total of four six-panel sections were placed, with each one measuring 20 feet tall and 114 feet wide. Weighing from 180,000 to 300,000 pounds, the heaviest panels are placed on the west side of containment where the shield building ties into the auxiliary building walls and roof. The shield building is made of steel and concrete in what is known as a steel composite design.
Each placement of shield building panels requires a team of approximately 15 individuals ranging from a crane operator, riggers, spotters, engineers and project managers who work together to ensure each section is placed precisely.
"Placing the six-panel assembly was a new method for us – one that allowed us to set two full courses in just four lifts, thus drastically shortening the duration for setting shield building courses," said Vogtle 3 & 4 Construction Senior Vice President Glen Chick.
The shield building panels are a unique feature of the AP1000 reactor design at the Vogtle nuclear expansion, providing an additional layer of safety around the containment vessel and protecting it from any potential impacts. To date, more than half of the shield building panels have been placed for Unit 3.
About Vogtle 3 & 4
With more than 7,000 construction workers on-site today, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the project with new photos added to the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/150-ton-shield-building-panels-placed-at-vogtle-3--4-nuclear-expansion-300753705.html
SOURCE Georgia Power
Article Date
11/20/201811/14/2018 - Georgia Power promoting awareness of scams as part of National Utility Scam Awareness Day
Georgia Power promoting awareness of scams as part of National Utility Scam Awareness Day
Source: PR Newswire
ATLANTA, Nov. 14, 2018 /PRNewswire/ -- Today is National Utility Scam Awareness Day, and Georgia Power is providing customers ways to protect themselves from scams.
Georgia Power urges customers to be cautious when contacted by an unverified person claiming to be a Georgia Power representative. The company will never ask a customer to provide a credit card or pre-paid debit card number over the phone, doesn't send employees into the field to collect payment in person or ask a customer to pay anywhere other than a business office or Authorized Payment Location.
Georgia Power also provides the following guidance for customers:
Georgia Power is committed to exposing the tricks scammers use to steal money and sharing the information customers can use to protect themselves. The company reminds customers through public service announcements (PSA) how they can defend themselves against scammers and how they can avoid falling victim to common mistakes. The PSAs were produced in English and Spanish and can be viewed on the company's YouTube channel.
Additional information about frequent scams and how the company works to protect customers is available at http://www.georgiapower.com/in-your-community/scam-alert.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-promoting-awareness-of-scams-as-part-of-national-utility-scam-awareness-day-300750381.html
SOURCE Georgia Power
Article Date
11/14/2018Georgia Power presents third annual Preston Arkwright Award for service
Source: PR Newswire
ATLANTA, Nov. 12, 2018 /PRNewswire/ -- Georgia Power has announced the recipient of the third annual Preston Arkwright Award for service – Denise Hamrick, northeast region energy services team lead for Georgia Power. The company created the award to spotlight and recognize the exceptional commitment to service demonstrated by thousands of employees working every day in communities across the state. Wes Singletary, land acquisition coordinator in Atlanta, was also selected as a runner up for the award during a special ceremony held at the annual Citizens of Georgia Power statewide meeting on Saturday. The Citizens of Georgia Power is the company's statewide, employee-driven community service organization.
"Enriching our neighborhoods and improving the lives of those around us is a passion shared by all Georgia Power employees – not just today, but since the very beginning of our company," said Paul Bowers, chairman, president and CEO of Georgia Power. "As our employees continue to fulfill our mission to be a citizen wherever we serve, I am proud of Denise and Wes' dedication to their communities and recognize the impact they have made for so many."
Hamrick has worked for Georgia Power for more than 13 years and has served her community more than 40 years. As president of the Citizens of Georgia Power - Thomson chapter, Hamrick has coordinated and led the Martin Luther King, Jr. Day of Service project at Boy Scout Camp Knox and has also led the chapter's Earth Day project at the McDuffie Environmental Education Center. She also has led a support effort for golfers that have cerebral palsy.
The Preston Arkwright Award was created in honor of Preston Arkwright, the company's first president who coined the phrase "A Citizen Wherever We Serve" more than 100 years ago. Employees were nominated by their colleagues for the award, with finalists selected by a panel and winners chosen by employee voting. As part of the award, Hamrick will receive a $5,000 donation to a nonprofit of her choice. Singletary will receive a $1,500 donation to a nonprofit of his choice.
For more than 130 years, Georgia Power has been dedicated to giving back to Georgia communities. In 2017, Georgia Power's total community impact included more than $21 million invested by the company, The Georgia Power Foundation, Inc. and employees in Georgia communities and non-profit organizations throughout the year. Last year alone, 6,000 Georgia Power employees and retirees donated their time to help their neighbors and improve the quality of life in their communities by completing more than 147,000 volunteer hours.
To learn more about Georgia Power's commitment to communities across the state, visit www.GeorgiaPower.com/Community. To keep up with Georgia Power's active volunteer and giving efforts every day, follow the company on Twitter @GeorgiaPower and #GaPowerfulService.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content to download multimedia:http://www.prnewswire.com/news-releases/georgia-power-presents-third-annual-preston-arkwright-award-for-service-300748349.html
SOURCE Georgia Power
Article Date
11/12/2018Southern Company reports third-quarter 2018 earnings
Source: PR Newswire
ATLANTA, Nov. 7, 2018 /PRNewswire/ -- Southern Company today reported third-quarter 2018 earnings of $1.16 billion, or $1.14 per share, compared with earnings of $1.07 billion, or $1.07 per share, in the third quarter of 2017. For the nine months ended September 30, 2018, Southern Company reported earnings of $1.95 billion, or $1.92 per share, compared with earnings of $347 million, or 35 cents per share, for the same period in 2017.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $1.16 billion, or $1.14 per share, during the third quarter of 2018, compared with $1.13 billion, or $1.12 per share, during the third quarter of 2017. For the nine months ended September 30, 2018, excluding these items, Southern Company earned $2.87 billion, or $2.83 per share, compared with earnings of $2.51 billion, or $2.51 per share, for the same period in 2017.
Non-GAAP Financial Measures | Three Months Ended September | Year-to-Date September | |||
Net Income - Excluding Items (in millions) | 2018 | 2017 | 2018 | 2017 | |
Net Income - As Reported | $1,164 | $1,069 | $1,948 | $347 | |
Estimated Loss on Plants Under Construction | 2 | 34 | 1,108 | 3,155 | |
Tax Impact | (1) | (13) | (282) | (951) | |
Loss on Plant Scherer Unit 3 | - | - | - | 33 | |
Tax Impact | - | - | - | (13) | |
Acquisition, Disposition, and Integration Impacts | (326) | 6 | (93) | 19 | |
Tax Impact | 306 | 7 | 305 | 2 | |
Wholesale Gas Services | 24 | 38 | (83) | (48) | |
Tax Impact | (6) | (15) | 18 | 20 | |
Litigation Settlement | - | - | (24) | - | |
Tax Impact | - | - | 6 | - | |
Earnings Guidance Comparability Items: | |||||
Equity Return Related to Kemper IGCC Schedule Extension | - | - | - | (47) | |
Tax Impact | - | - | - | (9) | |
Adoption of Tax Reform | - | - | (31) | - | |
Net Income – Excluding Items | $1,163 | $1,126 | $2,872 | $2,508 | |
Average Shares Outstanding – (in millions) | 1,023 | 1,003 | 1,016 | 998 | |
Basic Earnings Per Share – Excluding Items | $1.14 | $1.12 | $2.83 | $2.51 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the third quarter of 2018 were positively influenced by effects of constructive regulatory outcomes and weather at our state-regulated utilities. These impacts were partially offset by increases in depreciation and amortization, as well as interest expense.
In addition to its solid performance in the third quarter, the company has also delivered significant benefits to customers as a result of tax reform, while continuing to improve the financial profile of its state-regulated businesses.
"Southern Company executed exceptionally well in the third quarter," said Chairman, President and CEO Thomas A. Fanning. "This was demonstrated not only in the performance of our premier, state-regulated electric franchise operations, but also in the remarkable work of our people to restore power in northwest Florida and in parts of Georgia and Alabama following Hurricane Michael in early October," added Fanning. "While we are always pleased to report solid financial performance, our primary mission is bigger than our bottom line, and I believe this has never been more evident than during our response to this catastrophic weather event. The restoration of power to these areas was achieved in what we believe to be record time for an undertaking of such scope."
Third quarter 2018 operating revenues were $6.16 billion, compared with $6.20 billion for the third quarter of 2017, a decrease of 0.7 percent. For the nine months ended September 30, 2018, operating revenues were $18.16 billion, compared with $17.40 billion for the corresponding period in 2017, an increase of 4.3 percent.
Southern Company's third quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 8 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries, as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline, as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Southern Company | ||||||||||||||||
Financial Highlights | ||||||||||||||||
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
Three Months Ended | Year-to-Date September | |||||||||||||||
Net Income–As Reported (See Notes) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Traditional Electric Operating Companies | $ | 1,148 | $ | 1,008 | $ | 1,711 | $ | — | ||||||||
Southern Power | 92 | 124 | 235 | 276 | ||||||||||||
Southern Company Gas | 46 | 15 | 294 | 303 | ||||||||||||
Total | 1,286 | 1,147 | 2,240 | 579 | ||||||||||||
Parent Company and Other | (122) | (78) | (292) | (232) | ||||||||||||
Net Income–As Reported | $ | 1,164 | $ | 1,069 | $ | 1,948 | $ | 347 | ||||||||
Basic Earnings Per Share1 | $ | 1.14 | $ | 1.07 | $ | 1.92 | $ | 0.35 | ||||||||
Average Shares Outstanding (in millions) | 1,023 | 1,003 | 1,016 | 998 | ||||||||||||
End of Period Shares Outstanding (in millions) | 1,029 | 1,004 | ||||||||||||||
Non-GAAP Financial Measures | Three Months Ended | Year-to-Date September | ||||||||||||||
Net Income–Excluding Items (See Notes) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Net Income–As Reported | $ | 1,164 | $ | 1,069 | $ | 1,948 | $ | 347 | ||||||||
Estimated Loss on Plants Under Construction2 | 2 | 34 | 1,108 | 3,155 | ||||||||||||
Tax Impact | (1) | (13) | (282) | (951) | ||||||||||||
Loss on Plant Scherer Unit 33 | — | — | — | 33 | ||||||||||||
Tax Impact | — | — | — | (13) | ||||||||||||
Acquisition, Disposition, and Integration Impacts4 | (326) | 6 | (93) | 19 | ||||||||||||
Tax Impact | 306 | 7 | 305 | 2 | ||||||||||||
Wholesale Gas Services5 | 24 | 38 | (83) | (48) | ||||||||||||
Tax Impact | (6) | (15) | 18 | 20 | ||||||||||||
Litigation Settlement6 | — | — | (24) | — | ||||||||||||
Tax Impact | — | — | 6 | — | ||||||||||||
Earnings Guidance Comparability Items: | ||||||||||||||||
Equity Return Related to Kemper IGCC Schedule Extension7 | — | — | — | (47) | ||||||||||||
Tax Impact | — | — | — | (9) | ||||||||||||
Adoption of Tax Reform8 | — | — | (31) | — | ||||||||||||
Net Income–Excluding Items | $ | 1,163 | $ | 1,126 | $ | 2,872 | $ | 2,508 | ||||||||
Basic Earnings Per Share–Excluding Items | $ | 1.14 | $ | 1.12 | $ | 2.83 | $ | 2.51 | ||||||||
-See Notes on the following page. | ||||||||||||||||
Southern Company | ||||||||||||||||||||||||||||||||
Financial Highlights | ||||||||||||||||||||||||||||||||
Notes | ||||||||||||||||||||||||||||||||
(1) For the three and nine months ended September 30, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||||||||||||||||||||||
(2) Earnings for the three and nine months ended September 30, 2018 and 2017 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the nine months ended September 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. These charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $30 million for Mississippi Power Company's Kemper IGCC may occur through the first half of 2020. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain. | ||||||||||||||||||||||||||||||||
(3) Earnings for the nine months ended September 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected. | ||||||||||||||||||||||||||||||||
(4) Earnings for three months ended September 30, 2018 primarily include: (i) a combined $351 million pre-tax ($38 million after-tax) gain on the sales of Elizabethtown Gas, Elkton Gas and Florida City Gas; and (ii) $25 million pre-tax ($18 million after-tax) of other acquisition, integration and disposition costs. Earnings for the nine months ended September 30, 2018 primarily include: (i) a net combined $317 million pre-tax gain ($35 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas and Pivotal Home Solutions; (ii) a $42 million (pre-tax and after-tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions; (iii) a $119 million pre-tax ($89 million after-tax) impairment charge associated with the disposition of Plants Stanton and Oleander; and (iv) $63 million pre-tax ($46 million after-tax) of other acquisition, integration and disposition costs. The gain/loss calculations for the four Southern Company Gas dispositions are expected to be finalized in the fourth quarter 2018. Further costs are expected to continue to occur prior to the expected closings of pending dispositions in the first quarter of 2019; however, the amount of such expenditures is uncertain. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||||||||||||||||||||||||||
(5) Earnings for the three and nine months ended September 30, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||||||||||||||||||||||
(6) Earnings for the nine months ended September 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||||||||||||||||||||||||||
(7) Earnings for the nine months ended September 30, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017. | ||||||||||||||||||||||||||||||||
(8) Earnings for the nine months ended September 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During this period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance. | ||||||||||||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | |||||||||||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||||||||||
As Reported1 (See Notes) | $ | 1.14 | $ | 1.07 | $ | 0.07 | $ | 1.92 | $ | 0.35 | $ | 1.57 | ||||||||||||||||||||
Significant Factors: | ||||||||||||||||||||||||||||||||
Traditional Electric Operating Companies | $ | 0.14 | $ | 1.71 | ||||||||||||||||||||||||||||
Southern Power | (0.03) | (0.04) | ||||||||||||||||||||||||||||||
Southern Company Gas | 0.03 | (0.01) | ||||||||||||||||||||||||||||||
Parent Company and Other | (0.05) | (0.06) | ||||||||||||||||||||||||||||||
Increase in Shares | (0.02) | (0.03) | ||||||||||||||||||||||||||||||
Total–As Reported | $ | 0.07 | $ | 1.57 | ||||||||||||||||||||||||||||
Three Months Ended | Year-to-Date | |||||||||||||||||||||||||||||||
Non-GAAP Financial Measures | 2018 | 2017 | Change | 2018 | 2017 | Change | ||||||||||||||||||||||||||
Earnings Per Share– | ||||||||||||||||||||||||||||||||
Excluding Items (See Notes) | $ | 1.14 | $ | 1.12 | $ | 0.02 | $ | 2.83 | $ | 2.51 | $ | 0.32 | ||||||||||||||||||||
Total–As Reported | $ | 0.07 | $ | 1.57 | ||||||||||||||||||||||||||||
Estimated Loss on Plants Under Construction2 | (0.02) | (1.34) | ||||||||||||||||||||||||||||||
Loss on Plant Scherer Unit 33 | — | (0.02) | ||||||||||||||||||||||||||||||
Acquisition, Disposition, and Integration Impacts4 | (0.03) | 0.19 | ||||||||||||||||||||||||||||||
Wholesale Gas Services5 | — | (0.03) | ||||||||||||||||||||||||||||||
Litigation Settlement6 | — | (0.02) | ||||||||||||||||||||||||||||||
Adoption of Tax Reform7 | — | (0.03) | ||||||||||||||||||||||||||||||
Total–Excluding Items | $ | 0.02 | $ | 0.32 | ||||||||||||||||||||||||||||
- See Notes on the following page. | ||||||||||||||||||||||||||||||||
Southern Company | ||||||||||||||||
Significant Factors Impacting EPS | ||||||||||||||||
Notes | ||||||||||||||||
(1) For the three and nine months ended September 30, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||||||
(2) Earnings for the three and nine months ended September 30, 2018 and 2017 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the nine months ended September 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. These charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $30 million for Mississippi Power Company's Kemper IGCC may occur through the first half of 2020. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
| ||||||||||||||||
(3) Earnings for the nine months ended September 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected. | ||||||||||||||||
(4) Earnings for three months ended September 30, 2018 primarily include: (i) a combined $351 million pre-tax ($38 million after-tax) gain on the sales of Elizabethtown Gas, Elkton Gas and Florida City Gas; and (ii) $25 million pre-tax ($18 million after-tax) of other acquisition, integration and disposition costs. Earnings for the nine months ended September 30, 2018 primarily include: (i) a net combined $317 million pre-tax gain ($35 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas and Pivotal Home Solutions; (ii) a $42 million (pre-tax and after-tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions; (iii) a $119 million pre-tax ($89 million after-tax) impairment charge associated with the disposition of Plants Stanton and Oleander; and (iv) $63 million pre-tax ($46 million after-tax) of other acquisition, integration and disposition costs. The gain/loss calculations for the four Southern Company Gas dispositions are expected to be finalized in the fourth quarter 2018. Further costs are expected to continue to occur prior to the expected closings of pending dispositions in the first quarter of 2019; however, the amount of such expenditures is uncertain. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||||||||||
(5) Earnings for the three and nine months ended September 30, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||||||
(6) Earnings for the nine months ended September 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||||||||||
(7) Earnings for the nine months ended September 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During this period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance. | ||||||||||||||||
Southern Company | ||||||||||||||||
EPS Earnings Analysis | ||||||||||||||||
Description | Three Months Ended | Year-to-Date | ||||||||||||||
Retail Sales | $0.02 | $0.04 | ||||||||||||||
Retail Revenue Impacts, Excluding Tax Reform Changes | 0.01 | 0.02 | ||||||||||||||
Weather | 0.05 | 0.18 | ||||||||||||||
Other Operating Revenues | 0.01 | — | ||||||||||||||
Purchased Power Capacity Expense | — | 0.01 | ||||||||||||||
Depreciation and Amortization | (0.02) | (0.06) | ||||||||||||||
Taxes Other Than Income Taxes | (0.01) | (0.02) | ||||||||||||||
Gain on Dispositions, Net | — | (0.01) | ||||||||||||||
Interest Expense | (0.02) | (0.03) | ||||||||||||||
Other Income and Deductions | 0.01 | 0.01 | ||||||||||||||
Impacts of Tax Reform (Ongoing Basis), Net of Amounts | 0.10 | 0.19 | ||||||||||||||
Income Taxes, Excluding Tax Reform | (0.03) | (0.03) | ||||||||||||||
Dividends on Preferred and Preference Stock | — | 0.02 | ||||||||||||||
Total Traditional Electric Operating Companies | $0.12 | $0.32 | ||||||||||||||
Southern Power | (0.03) | 0.04 | ||||||||||||||
Southern Company Gas | (0.01) | 0.06 | ||||||||||||||
Parent and Other | (0.04) | (0.05) | ||||||||||||||
Increase in Shares | (0.02) | (0.05) | ||||||||||||||
Total Change in EPS (Excluding Items) | $0.02 | $0.32 | ||||||||||||||
Estimated Loss on Plants Under Construction1 | 0.02 | 1.34 | ||||||||||||||
Loss on Plant Scherer Unit 32 | — | 0.02 | ||||||||||||||
Acquisition, Disposition, and Integration Impacts3 | 0.03 | (0.19) | ||||||||||||||
Wholesale Gas Services4 | — | 0.03 | ||||||||||||||
Litigation Settlement5 | — | 0.02 | ||||||||||||||
Adoption of Tax Reform6 | — | 0.03 | ||||||||||||||
Total Change in EPS (As Reported) | $0.07 | $1.57 | ||||||||||||||
- See Notes on the following page. | ||||||||||||||||
Southern Company | ||||||||||||||||||||||||||||||||||||||||||||||||
EPS Earnings Analysis | ||||||||||||||||||||||||||||||||||||||||||||||||
Three and Nine Months Ended September 2018 vs. September 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||
Notes | ||||||||||||||||||||||||||||||||||||||||||||||||
(1) Earnings for the three and nine months ended September 30, 2018 and 2017 include charges and associated legal expenses related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the nine months ended September 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. These charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $30 million for Mississippi Power Company's Kemper IGCC may occur through the first half of 2020. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
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(2) Earnings for the nine months ended September 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected. | ||||||||||||||||||||||||||||||||||||||||||||||||
(3) Earnings for three months ended September 30, 2018 primarily include: (i) a combined $351 million pre-tax ($38 million after-tax) gain on the sales of Elizabethtown Gas, Elkton Gas and Florida City Gas; and (ii) $25 million pre-tax ($18 million after-tax) of other acquisition, integration and disposition costs. Earnings for the nine months ended September 30, 2018 primarily include: (i) a net combined $317 million pre-tax gain ($35 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas and Pivotal Home Solutions; (ii) a $42 million (pre-tax and after-tax) goodwill impairment charge associated with the sale of Pivotal Home Solutions; (iii) a $119 million pre-tax ($89 million after-tax) impairment charge associated with the disposition of Plants Stanton and Oleander; and (iv) $63 million pre-tax ($46 million after-tax) of other acquisition, integration and disposition costs. The gain/loss calculations for the four Southern Company Gas dispositions are expected to be finalized in the fourth quarter 2018. Further costs are expected to continue to occur prior to the expected closings of pending dispositions in the first quarter of 2019; however, the amount of such expenditures is uncertain. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain. | ||||||||||||||||||||||||||||||||||||||||||||||||
(4) Earnings for the three and nine months ended September 30, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||||||||||||||||||||||||||||||||||||||
(5) Earnings for the nine months ended September 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected. | ||||||||||||||||||||||||||||||||||||||||||||||||
(6) Earnings for the nine months ended September 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During this period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance.
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Southern Company | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated Earnings | ||||||||||||||||||||||||||||||||||||||||||||||||
As Reported | ||||||||||||||||||||||||||||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Year-to-Date September | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | |||||||||||||||||||||||||||||||||||||||||||
Income Account- | ||||||||||||||||||||||||||||||||||||||||||||||||
Retail Electric Revenues- | ||||||||||||||||||||||||||||||||||||||||||||||||
Fuel | $ | 1,222 | $ | 1,185 | $ | 37 | $ | 3,271 | $ | 3,130 | $ | 141 | ||||||||||||||||||||||||||||||||||||
Non-Fuel | 3,383 | 3,430 | (47) | 8,642 | 8,656 | (14) | ||||||||||||||||||||||||||||||||||||||||||
Wholesale Electric Revenues | 693 | 718 | (25) | 1,923 | 1,867 | 56 | ||||||||||||||||||||||||||||||||||||||||||
Other Electric Revenues | 170 | 168 | 2 | 509 | 510 | (1) | ||||||||||||||||||||||||||||||||||||||||||
Natural Gas Revenues | 492 | 532 | (40) | 2,806 | 2,746 | 60 | ||||||||||||||||||||||||||||||||||||||||||
Other Revenues | 199 | 168 | 31 | 1,007 | 494 | 513 | ||||||||||||||||||||||||||||||||||||||||||
Total Revenues | 6,159 | 6,201 | (42) | 18,158 | 17,403 | 755 | ||||||||||||||||||||||||||||||||||||||||||
Fuel and Purchased Power | 1,567 | 1,541 | 26 | 4,274 | 4,018 | 256 | ||||||||||||||||||||||||||||||||||||||||||
Cost of Natural Gas | 104 | 134 | (30) | 1,053 | 1,085 | (32) | ||||||||||||||||||||||||||||||||||||||||||
Cost of Other Sales | 120 | 90 | 30 | 688 | 293 | 395 | ||||||||||||||||||||||||||||||||||||||||||
Non-Fuel O & M | 1,404 | 1,341 | 63 | 4,217 | 4,100 | 117 | ||||||||||||||||||||||||||||||||||||||||||
Depreciation and Amortization | 787 | 767 | 20 | 2,338 | 2,236 | 102 | ||||||||||||||||||||||||||||||||||||||||||
Taxes Other Than Income Taxes | 319 | 303 | 16 | 990 | 941 | 49 | ||||||||||||||||||||||||||||||||||||||||||
Estimated Loss on Plants Under Construction | 1 | 34 | (33) | 1,105 | 3,155 | (2,050) | ||||||||||||||||||||||||||||||||||||||||||
Gain on Dispositions, net | (353) | — | (353) | (317) | (19) | (298) | ||||||||||||||||||||||||||||||||||||||||||
Impairment Charges | 36 | — | 36 | 197 | — | 197 | ||||||||||||||||||||||||||||||||||||||||||
Total Operating Expenses | 3,985 | 4,210 | (225) | 14,545 | 15,809 | (1,264) | ||||||||||||||||||||||||||||||||||||||||||
Operating Income | 2,174 | 1,991 | 183 | 3,613 | 1,594 | 2,019 | ||||||||||||||||||||||||||||||||||||||||||
Allowance for Equity Funds Used During | 36 | 18 | 18 | 99 | 133 | (34) | ||||||||||||||||||||||||||||||||||||||||||
Earnings from Equity Method Investments | 36 | 32 | 4 | 108 | 100 | 8 | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Net of Amounts Capitalized | 458 | 407 | 51 | 1,386 | 1,248 | 138 | ||||||||||||||||||||||||||||||||||||||||||
Other Income (Expense), net | 57 | 65 | (8) | 195 | 165 | 30 | ||||||||||||||||||||||||||||||||||||||||||
Income Taxes | 623 | 590 | 33 | 598 | 317 | 281 | ||||||||||||||||||||||||||||||||||||||||||
Net Income | 1,222 | 1,109 | 113 | 2,031 | 427 | 1,604 | ||||||||||||||||||||||||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||||||||||||||||||||||
Dividends on Preferred and Preference Stock | 4 | 10 | (6) | 12 | 32 | (20) | ||||||||||||||||||||||||||||||||||||||||||
Net Income Attributable to Noncontrolling | 54 | 30 | 24 | 71 | 48 | 23 | ||||||||||||||||||||||||||||||||||||||||||
NET INCOME ATTRIBUTABLE TO | $ | 1,164 | $ | 1,069 | $ | 95 | $ | 1,948 | $ | 347 | $ | 1,601 | ||||||||||||||||||||||||||||||||||||
Notes | ||||||||||||||||||||||||||||||||||||||||||||||||
- Certain prior year data may have been reclassified to conform with current year presentation.
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Southern Company | ||||||||||||||||||||||||||||||||||||||||||||||||
Kilowatt-Hour Sales and Customers | ||||||||||||||||||||||||||||||||||||||||||||||||
(In Millions of KWHs) | ||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September | Year-to-Date September | |||||||||||||||||||||||||||||||||||||||||||||||
As Reported | 2018 | 2017 | Change | Weather | 2018 | 2017 | Change | Weather | ||||||||||||||||||||||||||||||||||||||||
Kilowatt-Hour Sales- | ||||||||||||||||||||||||||||||||||||||||||||||||
Total Sales | 59,501 | 58,276 | 2.1 | % | 162,605 | 155,626 | 4.5 | % | ||||||||||||||||||||||||||||||||||||||||
Total Retail Sales- | 46,195 | 44,449 | 3.9 | % | 1.4 | % | 124,209 | 118,802 | 4.6 | % | 1.1 | % | ||||||||||||||||||||||||||||||||||||
Residential | 16,458 | 15,499 | 6.2 | % | 1.2 | % | 42,115 | 38,502 | 9.4 | % | 0.8 | % | ||||||||||||||||||||||||||||||||||||
Commercial | 15,445 | 14,969 | 3.2 | % | 0.8 | % | 41,105 | 40,007 | 2.7 | % | 0.6 | % | ||||||||||||||||||||||||||||||||||||
Industrial | 14,097 | 13,770 | 2.4 | % | 2.4 | % | 40,392 | 39,656 | 1.9 | % | 1.9 | % | ||||||||||||||||||||||||||||||||||||
Other | 195 | 211 | (7.7) | % | (7.9) | % | 597 | 637 | (6.3) | % | (6.5) | % | ||||||||||||||||||||||||||||||||||||
Total Wholesale Sales | 13,306 | 13,827 | (3.8) | % | N/A | 38,396 | 36,824 | 4.3 | % | N/A | ||||||||||||||||||||||||||||||||||||||
(In Thousands of Customers) | ||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September | ||||||||||||||||||||||||||||||||||||||||||||||||
2018 | 2017 | Change | ||||||||||||||||||||||||||||||||||||||||||||||
Regulated Utility Customers- | ||||||||||||||||||||||||||||||||||||||||||||||||
Total Utility Customers- | 8,856 | 9,187 | (3.6) | % | ||||||||||||||||||||||||||||||||||||||||||||
Total Traditional Electric | 4,679 | 4,632 | 1.0 | % | ||||||||||||||||||||||||||||||||||||||||||||
Southern Company Gas1 | 4,177 | 4,555 | (8.3) | % | ||||||||||||||||||||||||||||||||||||||||||||
Notes | ||||||||||||||||||||||||||||||||||||||||||||||||
(1) Includes total customers of approximately 404,000 at September 30, 2017 related to Elizabethtown Gas, Elkton Gas, and Florida City Gas, which were sold in July 2018. | ||||||||||||||||||||||||||||||||||||||||||||||||
Southern Company | ||||||||||||||||||||||
Financial Overview | ||||||||||||||||||||||
As Reported | ||||||||||||||||||||||
(In Millions of Dollars) | ||||||||||||||||||||||
Three Months Ended | Year-to-Date September | |||||||||||||||||||||
2018 | 2017 | % Change | 2018 | 2017 | % Change | |||||||||||||||||
Southern Company – | ||||||||||||||||||||||
Operating Revenues | $ | 6,159 | $ | 6,201 | (0.7) | % | $ | 18,158 | $ | 17,403 | 4.3 | % | ||||||||||
Earnings Before Income Taxes | 1,845 | 1,699 | 8.6 | % | 2,629 | 744 | N/M | |||||||||||||||
Net Income Available to Common | 1,164 | 1,069 | 8.9 | % | 1,948 | 347 | N/M | |||||||||||||||
Alabama Power – | ||||||||||||||||||||||
Operating Revenues | $ | 1,740 | $ | 1,740 | — | % | $ | 4,716 | $ | 4,606 | 2.4 | % | ||||||||||
Earnings Before Income Taxes | 504 | 546 | (7.7) | % | 1,140 | 1,236 | (7.8) | % | ||||||||||||||
Net Income Available to Common | 373 | 325 | 14.8 | % | 857 | 729 | 17.6 | % | ||||||||||||||
Georgia Power – | ||||||||||||||||||||||
Operating Revenues | $ | 2,593 | $ | 2,546 | 1.8 | % | $ | 6,601 | $ | 6,426 | 2.7 | % | ||||||||||
Earnings Before Income Taxes | 926 | 934 | (0.9) | % | 833 | 1,906 | (56.3) | % | ||||||||||||||
Net Income Available to Common | 664 | 580 | 14.5 | % | 621 | 1,188 | (47.7) | % | ||||||||||||||
Gulf Power – | ||||||||||||||||||||||
Operating Revenues | $ | 414 | $ | 437 | (5.3) | % | $ | 1,106 | $ | 1,144 | (3.3) | % | ||||||||||
Earnings Before Income Taxes | 59 | 103 | (42.7) | % | 146 | 199 | (26.6) | % | ||||||||||||||
Net Income Available to Common | 63 | 63 | — | % | 147 | 117 | 25.6 | % | ||||||||||||||
Mississippi Power – | ||||||||||||||||||||||
Operating Revenues | $ | 358 | $ | 341 | 5.0 | % | $ | 956 | $ | 915 | 4.5 | % | ||||||||||
Earnings (Loss) Before Income Taxes | 61 | 64 | (4.7) | % | 110 | (2,918) | N/M | |||||||||||||||
Net Income (Loss) Available to Common | 47 | 40 | 17.5 | % | 86 | (2,034) | N/M | |||||||||||||||
Southern Power – | ||||||||||||||||||||||
Operating Revenues | $ | 635 | $ | 618 | 2.8 | % | $ | 1,699 | $ | 1,597 | 6.4 | % | ||||||||||
Earnings Before Income Taxes | 108 | 115 | (6.1) | % | 96 | 195 | (50.8) | % | ||||||||||||||
Net Income Available to Common | 92 | 124 | (25.8) | % | 235 | 276 | (14.9) | % | ||||||||||||||
Southern Company Gas – | ||||||||||||||||||||||
Operating Revenues | $ | 492 | $ | 565 | (12.9) | % | $ | 2,861 | $ | 2,841 | 0.7 | % | ||||||||||
Earnings Before Income Taxes | 362 | 67 | N/M | 769 | 536 | 43.5 | % | |||||||||||||||
Net Income Available to Common | 46 | 15 | N/M | 294 | 303 | (3.0) | % | |||||||||||||||
N/M - not meaningful | ||||||||||||||||||||||
Notes | ||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | ||||||||||||||||||||||
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SOURCE Southern Company
Article Date
11/7/2018Southern Power Reaches Agreement to Sell the Mankato Energy Center
Source: PR Newswire
ATLANTA, Nov. 6, 2018 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered an agreement to sell the Mankato Energy Center to Xcel Energy for $650 million.
Mankato, a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.
"The Mankato Energy Center is a valuable part of the local community and the regional energy infrastructure," said Southern Power President and CEO Mark Lantrip. "This transaction is a great opportunity to deliver value for the benefit of Southern Company shareholders."
Proceeds from this transaction will be used to strengthen the balance sheet of Southern Company and position Southern Power to continue providing clean, safe, reliable and affordable wholesale energy to its customers across the U.S, including the expansion of one of the nation's largest carbon-free renewable energy portfolios.
Barclays is serving as the financial advisor and Baker Botts is serving as primary legal counsel to Southern Power.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries own 50 facilities operating or under construction in 12 states with more than 12,500 MW of generating capacity in Alabama, California, Florida, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the disposition described herein and the expected benefits of such disposition. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and Southern Power believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the inability to achieve the expected financial benefits of the proceeds generated by the transaction; the risk that a condition to closing of the disposition may not be satisfied; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's and Southern Power's reports filed with the Securities and Exchange Commission. There can be no assurance that the disposition will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in Southern Company's and Southern Power's Annual Reports on Form 10-K for the fiscal year ended December 31, 2017 and subsequent securities filings. Southern Company and Southern Power caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company or Southern Power, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the disposition or other matters attributable to Southern Company or Southern Power or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Southern Company and Southern Power undertake no obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Power
Article Date
11/6/2018Nicor Gas Emerging Technology Program Receives Sustainability Award
Source: PR Newswire
NAPERVILLE, Ill., Nov. 1, 2018 /PRNewswire/ -- Nicor Gas' Emerging Technology Program (ETP) is the recipient of the 2018 Illinois Sustainability Award for its efforts to implement innovative and sustainable technologies and its demonstrated commitment to sustaining environmental, social and economic health. The ETP, a part of energySMART, Nicor Gas' energy efficiency program, assesses promising new technologies that have the potential to generate natural gas savings. It is the only gas ETP program of its kind in Illinois and the largest in the Midwest.
Since 1987, the Illinois Sustainable Technology Center has awarded the Sustainability Award annually to Illinois organizations that are committed leaders in reducing environmental impact and contributing to the growth of a more sustainable Illinois economy. It is the longest running environmental award program of its kind in the state, and the country. Nicor Gas' impact through the ETP enables growth and expansion in natural gas savings opportunities, positioning Nicor Gas a leader in the natural gas energy efficiency industry.
"Energy efficiency is about building an infrastructure that's more sustainable for future generations," said Randy Opdyke, manager of planning, evaluations and analytics at Nicor Gas. "Through the Emerging Technology Program, we can help enhance and innovate the energy efficiency market while bringing benefits and sustainable options to our customers, and ultimately the rest of Illinois and beyond."
Through the ETP, energySMART searches for new products and practices that are commercially available to help bring them widespread adoption. Selected technologies proceed through pilot assessments to provide information on true performance, operational energy savings and would-be installation costs for future energy efficiency offerings. Pilots that establish promising energy savings in the Nicor Gas service territory are considered for rebate offerings may be added to the portfolio of energySMART offerings.
To date, more than 100 energy-savings concepts have been submitted by engineers, entrepreneurs, business owners and manufacturers and 26 of those have gone to pilot projects in residential, commercial and industrial markets. The ETP identified, evaluated and facilitated five emerging technologies as new rebates through energySMART. Some of the annual savings in field tests resulted in:
For more information about energySMART or the Emerging Technology Program, visit: https://nicorgasrebates.com/emerging.
About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four with 774,000 retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit www.southerncompanygas.com.
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SOURCE Nicor Gas
Article Date
11/1/2018Southern PowerSecure Holdings CEO Sidney Hinton Announces Retirement; Mark Lantrip Assumes Role to Implement Company's Vision for the Future of Energy
Source: PR Newswire
ATLANTA, Oct. 31, 2018 /PRNewswire/ -- Southern Company today announced that Sidney Hinton, CEO of Southern PowerSecure Holdings and its subsidiary, PowerSecure, is retiring effective Oct. 31. Hinton will be succeeded at Southern PowerSecure Holdings by Mark Lantrip, who will continue as chairman, president and CEO of Southern Power.
PowerSecure, the largest deployer of microgrids in the U.S., not only will continue to lead in energy infrastructure solutions, but it will drive the industry forward by redefining system resilience. Under Lantrip's leadership, PowerSecure will seek to increase implementation and adoption of its cutting-edge distributed infrastructure. Complete with advanced smart grid capabilities, microgrid controls, proprietary storage, switchgear and service solutions, PowerSecure is meeting the evolving, technology-driven energy requirements of customers in the digital economy.
The combined capabilities of subsidiaries PowerSecure, Southern Power (wholesale energy and clean energy solutions provider) and Sequent Energy Management (comprehensive fuel management capability) give Southern Company the ability to employ a cohesive force to conceive, build, develop and execute cutting-edge energy solutions for commercial, industrial, municipal, federal, state and military customers across the U.S.
Joining the PowerSecure leadership team in the implementation and achievement of this vision will be Jim Smith, as Group Executive for Distributed Infrastructure and Energy Efficiency Services; Christine Thom as CFO; Sam Newberry as President of PowerSecure Lighting and Tommy Kellogg as President of Utility Infrastructure. Smith, Thom, Newberry and Kellogg have held numerous leadership roles within Southern Company.
About PowerSecure
Southern Company subsidiary PowerSecure is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of distributed generation, storage and renewables, energy efficiency and utility infrastructure. The company is a pioneer in developing distributed generation power systems with sophisticated smart grid capabilities and microgrid controls, including the ability to forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times; provide utilities with dedicated electric power generation capacity to utilize for demand response purposes; and provide customers with the most dependable standby power in the industry. PowerSecure has over 1,500 distributed generation systems installed across the U.S. For more information, visit www.powersecure.com.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
View original content:SOURCE Southern Company
Article Date
10/31/201810/31/2018 - Southern Company Hosts 2018 Smart Cities Summit
Southern Company Hosts 2018 Smart Cities Summit
Source: PR Newswire
ATLANTA, Oct. 31, 2018 /PRNewswire/ -- Southern Company served as the host for the KNect365 Smart Cities Summit, Oct. 29-30 at the Hyatt Regency Atlanta. Executives from Southern Company, PowerSecure, Georgia Power and Alabama Power were featured among the conference's keynote speeches and panel discussions, including the morning keynote address by Chris Womack, Southern Company Executive Vice President and President of External Affairs.
Attendees including government officials and academics from cities across the U.S., transportation and energy executives learned about the Smart Neighborhood™ initiatives by Southern Company, Alabama Power and Georgia Power. The research and development project will provide customers with state-of-the-art home construction, distributed energy resources – including solar and battery energy storage – and smart home appliances and technologies. Both projects simulate what the future may hold for the energy industry and provide information on how homes of the future will function.
In addition to the Smart Neighborhood™ initiative, Southern Company shared its role in providing infrastructure that enhances cities and communities' quality of life, enriches growth and attracts investment opportunities. Representatives from Southern Company and its subsidiaries led conversations around new and emerging technologies like Advanced Metering Infrastructure, light-emitting diode (LED) networked lighting controls, fiber along the distribution grid, electric transportation and smart grid technologies.
For more information about how Southern Company is building the future of energy through smart cities, visit southerncompany.com/smartcities.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/31/2018Stay warm and save energy during fluctuating fall temperatures
Source: PR Newswire
ATLANTA, Oct. 29, 2018 /PRNewswire/ -- Georgia Power reminds customers that small changes around the house can deliver big energy savings during fall's fluctuating temperatures and throughout the year.
Fall energy-saving tips from Georgia Power include:
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. The company also offers customers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/29/2018Southern Company Named by Forbes as one of the World's Best Employers
Source: PR Newswire
ATLANTA, Oct. 24, 2018 /PRNewswire/ -- Southern Company has been recognized by Forbes magazine on its World's Best Employers 2018 list. Earlier this year Southern Company was ranked by Forbes among the top 20 of America's Best Employers.
"Our goal is to create an inclusive workplace and prioritize the well-being of our employees," said Southern Company chairman, president & CEO Tom Fanning. "Southern Company's talented, diverse and engaged employees are the heart of everything we do as we build the future of energy for our customers, our neighbors and our communities."
The Forbes list is based on Forbes' 2018 Global 2000 rankings, which includes publicly traded companies from 60 countries that account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value.
More than 430,000 global recommendations were analyzed by research firm Statista to create the World's Best Employers list. Employees were asked to rate their own employer and the likelihood they would recommend the company to a friend or family member. They were also asked to recommend other employers they admired.
The entire list can be found here: https://www.forbes.com/world-best-employers/list/
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/24/2018Georgia Power offers safety tips as cooler weather approaches
Source: PR Newswire
ATLANTA, Oct. 24, 2018 /PRNewswire/ -- As temperatures begin to cool down, Georgia Power encourages customers to keep safety in mind and offers safety tips to help prevent electrical fires. The National Fire Protection Association has identified October as Fire Prevention Month, and Georgia Power is raising awareness about electrical fire prevention and tools for home safety.
Developing a schedule to conduct home checks of appliances and outlets is a simple way to catch potential fire hazards, and Georgia Power offers the following tips to review:
Tools you can use
To keep your family informed of fire safety tips and prevention, Georgia Power offers a variety of tools and resources for customers to stay safe and informed, including:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/24/2018Two critical floor modules placed at Vogtle nuclear expansion
Source: PR Newswire
ATLANTA, Oct. 22, 2018 /PRNewswire/ -- Georgia Power announced today the placement of two key floor modules at the Vogtle nuclear expansion near Waynesboro, Georgia. These module placements, referred to as CA35 and CA33, will be followed by large concrete placements inside the Unit 4 containment vessel.
Both CA35 and CA33 are floor modules supporting critical path work in the unit. CA35 is the roof above the accumulator and CA33 is the roof above the chemical volume control system. Weighing nearly 72 tons, the two modules bring the elevation inside containment to 107 feet – the elevation of the maintenance deck. Since placement, additional work will begin installing rebar on the north side of containment, which will be followed by a concrete placement. These milestones support the upcoming installation of structural steel pieces that support the subsequent floor elevation.
In addition, the second of four reactor coolant pumps (RCPs) has been placed inside the Unit 3 containment vessel where the nuclear components are housed. The 375,000-pound pumps are mounted to the steam generator and serve a critical part of the reactor coolant system, circulating water from the steam generator to the reactor vessel, allowing sufficient heat transfer for safe plant operation.
Georgia Power has also released a new aerial video of the Vogtle expansion site. The video, available HERE, provides a bird's-eye view inside the nuclear containment areas of Units 3 and 4, as well as the turbine buildings where electricity will be generated.
With more than 7,000 construction workers on-site today, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 and 4 is the largest jobs-producing construction project in the state of Georgia.
To follow the progress with new photos every month, visit the Plant Vogtle 3 and 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/22/2018Georgia Power promotes electric transportation to meet customers' changing needs
Source: PR Newswire
ATLANTA, Oct. 18, 2018 /PRNewswire/ -- Georgia Power continues to advance electric transportation in Georgia through innovative programs and partnerships that make driving an electric vehicle (EV) more convenient than ever and give customers options. Georgia Power's partnership with Lyft includes a pilot program that incentivizes EV driving.
As part of the program, qualified EV drivers are eligible for a $500 bonus when they sign up for Lyft from Oct. 22, 2018 through Nov. 21, 2018, and after they have completed 30 rides within 30 consecutive days. Future Lyft drivers can visit www.chargeupatlanta.com to learn more and sign up. In addition to reaching rideshare drivers, the program will also promote EV use amongst Lyft's rideshare users. The program will include information about the ease, reliability and affordability of driving electric.
"We are committed to developing new partnerships and programs that assist customers with their EV energy needs and advancing Georgia as an EV-friendly state," said Ervan Hancock, Georgia Power's director for electric transportation programs. "We're excited to partner with Lyft to help inspire rideshare drivers in Georgia to consider the benefits of driving electric."
"By attracting more EV drivers to Lyft, we hope to get more Georgians in electric vehicles so they can experience the ride firsthand. We hope it challenges misperceptions about EVs," said Sam Bond, general manager of Lyft southeast. "We believe this is just the start of a longer-term effort with Georgia Power to 'charge up' the state."
EV Charging Stations Across the State
To accommodate the growing number of EVs on Georgia roads and highways, the company installed 36 public EV charging locations across the state. From Savannah to Rome, Georgia Power public charging islands feature multiple options for EV drivers including a DC fast charger (CHADeMo/SAE combo plugs) as well as a dual port Level 2, 208/240-volt charger. The charging islands accept either a Georgia Power Card, powered by ChargePoint and available at www.GeorgiaPower.ChargePoint.com, or an existing ChargePoint card.
Rebates and Special Rates for EV Drivers
Georgia Power also offers rebates to residential and business customers through the Get Current, Drive Electric program. The company has already issued more than 1,700 rebates to residential and business customers. The company also encourages current EV-driving customers to consider its special Plug-in Electric Vehicle charging rate (PEV), which helps them save even more just by making simple changes like setting a timer to charge their EV at night and shifting electricity usage as seasons and demand times change. To learn more about driving electric with Georgia Power, including an interactive savings calculator, visit www.GeorgiaPower.com/EV and join Georgia Power's social EV communities on Facebook and Twitter (@GeorgiaPowerET).
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/18/2018Virginia Natural Gas celebrates Careers in Energy Week
Source: PR Newswire
VIRGINIA BEACH, Va., Oct. 18, 2018 /PRNewswire/ -- During Careers in Energy Week (Oct. 15-19), Virginia Natural Gas wants to increase public awareness of the career opportunities in the energy industry and emphasize the important role energy companies have in supporting the local economy.
With roots that stretch back to 1850, Virginia Natural Gas has a history of safely and reliably powering the homes and businesses in southeastern Virginia, but as the demand for energy continues to grow, the company is looking to hire for the future.
According to the Center for Energy Workforce Development, nearly 50 percent of the energy workforce will retire in the next 5-10 years. That means energy companies like Virginia Natural Gas need to start today to develop the skilled workforce needed to continue to meet the energy needs of tomorrow.
Veterans Training Program
The company is looking to the highly sought-after skills and leadership of veterans with the Virginia Natural Gas Veterans Training Program, a GI Bill-eligible and a Navy Region Mid-Atlantic approved SkillBridge program held in conjunction with Tidewater Community College and the Virginia Gas Operator's Association.
The one-week intensive training program is offered to former and transitioning military service members and focuses on the critical components of natural gas pipeline operations and safety. Led by experienced utility professionals, program participants learn how they can apply their skills against the industry needs and help prepare them for future employment in the natural gas industry.
Technical Studies Program
For skilled workers who often need formal education to advance their careers, a new transfer agreement between Tidewater Community College and Old Dominion University, helps highly-skilled employees bridge the gap between professional expertise and formal education. The agreement was designed to meet the growing needs of local business and industry partners, like Virginia Natural Gas, by providing college credit to adult and nontraditional students for their knowledge, training and skills in the workplace.
Tidewater Community College's Technical Studies Program provides college credit for nearly half of the associate degree to those with documented technical skills and professional experience; through the agreement, Old Dominion University will accept all credits awarded by TCC.
Virginia Natural Gas furthers the investment in its employees with a generous tuition assistance benefit that can be applied toward either degree program.
"We encourage everyone to consider a career in the energy industry – not just during Careers in Energy Week, but every week," said Jim Kibler, president of Virginia Natural Gas. "Now is a great time to explore this growing field. We're committed to rewarding and retaining the most talented energy professionals so that our customers receive the most responsive and reliable service possible."
For more information about the Veterans Natural Gas Training Program or career opportunities at Virginia Natural Gas, visit virginianaturalgas.com/careers.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia. Virginia Natural Gas has been recognized as one of the safest, most reliable and customer-focused natural gas service providers and is consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates. In 2017, Virginia Natural Gas earned the Most Trusted Brand recognition from Market Strategies International's Cogent Report™ study, and for the second consecutive year was named Local Distribution Company of the Year by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association. For more information, visit virginianaturalgas.com and connect with the company on Facebook and Twitter.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Southern Company
Article Date
10/18/2018Power restored to 99 percent of Georgia Power customers impacted by Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 17, 2018 /PRNewswire/ -- Georgia Power has restored power to 99 percent, or more than 385,000 customers, impacted by Hurricane Michael. More than 5,800 personnel were mobilized as part of the company's restoration effort, including all of Georgia Power's resources, as well as assistance from other Southern Company operating companies and more than a dozen assisting utilities from as far away as Illinois, New York, Pennsylvania and Texas. While work is nearly complete, all personnel in the field remain focused on reconnecting those customers who remain without power in the hardest hit areas of Southwest Georgia.
"The damage Hurricane Michael caused across the state was extensive and impacted hundreds of thousands of Georgians. We had more than 5,800 people working around the clock in challenging conditions to restore service for our customers as safely and quickly as possible, and I'm extremely proud of their work and dedication," said Paul Bowers, chairman, president and CEO of Georgia Power. "I want to thank our customers for their patience and support during restoration. I also want to personally thank our sister operating companies, public safety and governmental partners, and utilities from around the country who came together to help in response to Hurricane Michael."
Georgia Power continuously monitored the path of Hurricane Michael prior to the Category 4 storm entering Georgia. The historic hurricane crossed through Georgia leaving vast damage in its path with the hardest hit areas in Southwest Georgia. Hurricane Michael was the third-strongest hurricane to make landfall in the U.S. in modern recorded history.
Georgia Power estimates that damage from Hurricane Michael includes:
Customers in some of the hardest hit areas of Georgia may not be able reconnect to Georgia Power service due to extensive damage. Georgia Power reminds customers that the electrical service entry point on their home or business, including the meter box and other components, must be repaired before Georgia Power can reconnect service. The company cannot, by law, connect power to a damaged meter box, or other non-Georgia Power components, and property owners should contact a qualified electrician to make repairs in order for the company to reconnect service.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/17/201810/15/2018 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, Oct. 15, 2018 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 60 cents per share on the company's common stock, payable on December 6, 2018 to stockholders of record on November 19, 2018. This marks 284 consecutive quarters – more than 70 years – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/15/2018Power restored to 97 percent of customers impacted by Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 15, 2018 /PRNewswire/ -- As of noon Monday, Georgia Power has restored power to 97 percent, or more than 375,000 customers, impacted by Hurricane Michael. Restoration is expected to be completed in the Albany area this evening and in the Bainbridge area by tomorrow night.
The company has more than 5,800 personnel working around the clock to restore power for the approximately 15,000 customers located in the hardest hit areas of Southwest Georgia that received the most destructive damage from Hurricane Michael. All of Georgia Power's resources are dedicated to storm restoration efforts in the state, along with additional resources from assisting utilities.
Georgia Power has posted the estimated restoration times (ERTs) for customers who are able to receive electric service in the following areas with these projected times:
Updated: See attached map for the path of the storm, the wind fields and resulting outages.
Georgia Power estimates that damage from Hurricane Michael includes:
As restoration efforts continue, the company encourages customers to keep safety first following Hurricane Michael:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving approximately 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Michael in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/15/201810/13/2018 - Power restored to 352,000 Georgia Power customers
Power restored to 352,000 Georgia Power customers
Source: PR Newswire
ATLANTA, Oct. 13, 2018 /PRNewswire/ -- As of 4 p.m. Saturday, Georgia Power has restored power to 352,000 customers following Hurricane Michael, and restoration in the Augusta, Savannah and Columbus areas was completed yesterday.
The company has more than 5,700 personnel working around the clock to restore power for the approximately 38,000 customers located in the hardest hit areas that received the most destructive damage from Hurricane Michael. All of Georgia Power's resources are dedicated to storm restoration efforts in the state, and the company continues to mobilize additional resources from assisting utilities as they become available.
Georgia Power has posted the estimated restoration times (ERTs) for customers who are able to receive electric service in the following areas with these projected times:
Updated: See attached map for the path of the storm, the wind fields and resulting outages.
As restoration efforts continue, the company encourages customers to keep safety first following Hurricane Michael:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving approximately 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Michael in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/13/2018Georgia Power updates estimated restoration times following historic Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 12, 2018 /PRNewswire/ -- As of 4 p.m. Friday, Georgia Power has restored power to 322,000 customers following Hurricane Michael and updated estimated restoration times for three areas – Americus, Macon and Columbus – now expected to be restored a full day earlier than previously announced. Restoration in the Savannah and Coastal area will be completed earlier, too, by 6 p.m. today.
The company has more than 5,200 personnel working around the clock to restore power for the approximately 68,000 customers located in the hardest hit areas that received the most destructive damage from Hurricane Michael. All of Georgia Power's resources are dedicated to storm restoration efforts in the state, and the company continues to mobilize additional resources from assisting utilities as they become available.
Georgia Power has posted the estimated restoration times (ERTs) for customers who are able to receive electric service in the following areas with these projected times:
Updated: See attached map for the path of the storm, the wind fields and resulting outages.
While damage assessment began yesterday, teams continue to face challenging conditions such as downed trees and impassible roads that require clearing. Georgia Power continues working closely with Georgia Emergency Management Agency and local governments to accelerate restoration efforts at critical locations (hospitals and medical care centers) in the hardest hit areas.
The company encourages customers to keep safety first following Hurricane Michael:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving approximately 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Michael in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/12/201810/12/2018 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
BIRMINGHAM, Ala., Oct. 12, 2018 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Preferred Stock |
($100 Par Value) |
4.20% - $1.05 per share |
4.52% - $1.13 per share |
4.60% - $1.15 per share |
4.64% - $1.16 per share |
4.72% - $1.18 per share |
4.92% - $1.23 per share |
Class A Preferred Stock |
($25 Capital Value) |
5.00% - $.3125 per share |
These dividends are for the quarter ending December 31, 2018, payable January 1, 2019, to shareholders of record on December 17, 2018.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
10/12/2018Southern Company third-quarter earnings to be released November 7
Source: PR Newswire
ATLANTA, Oct. 12, 2018 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2018 by 7 a.m. EST on Wednesday, November 7.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. EST on Wednesday, November 7.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/12/201810/12/2018 - Georgia Power announces estimated restoration times for the state following historic Hurricane Michael
Georgia Power announces estimated restoration times for the state following historic Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 11, 2018 /PRNewswire/ -- Georgia Power announced today regional estimated restoration times (ERTs) following Hurricane Michael. As of Thursday evening, Georgia Power has restored power to 255,000 customers, with the more than 4,800 personnel and crews working around the clock.
The ERT for customers who are able to receive electric service in the following areas are expected to be restored by these projected times:
(See attached map for the path of the storm, the damages and resulting outages.)
While damage assessment began at daybreak, teams faced challenging conditions such as downed trees and impassible roads that require clearing to continue work. Georgia Power is working with Georgia Emergency Management Agency and local governments to open up access to allow our crews to begin restoration efforts in the hardest hit areas.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric system, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews.
Georgia Power continuously monitored the path of Hurricane Michael prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately 4,800 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Michael and the company continues to work to procure additional resources as they become available.
The company encourages customers to keep safety first following Hurricane Michael:
Damage Update – As of 8 p.m. Thursday
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving approximately 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Michael in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/12/201810/11/2018 - 3:30 p.m. Update: Power to 234,000 Georgia Power customers restored following Hurricane Michael
3:30 p.m. Update: Power to 234,000 Georgia Power customers restored following Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 11, 2018 /PRNewswire/ -- Electric service to nearly 234,000 Georgia Power customers has been restored following Hurricane Michael. As of 3:30 p.m. Thursday, approximately 116,000 customers are without power across Georgia. While the company continues to work around the clock, customers in the hardest hit areas should plan ahead for the potential of extended outages, possibly days, due to the vast damage from the storm. Regional and statewide restoration estimates will be available as soon as assessment work is completed.
Damage assessment following widespread impacts from Hurricane Michael is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. Additional challenges faced following the storm include downed trees and blocked roads that must be cleared.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
Damage Update – As of 3:30 p.m. Thursday
The company encourages customers to keep safety first following Hurricane Michael:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
Georgia Power continuously monitored the path of Hurricane Michael prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately, 4,800 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Michael.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/11/201810/11/2018 - Georgia Power begins Hurricane Michael damage assessment; reminds customers to focus on safety after the storm
Georgia Power begins Hurricane Michael damage assessment; reminds customers to focus on safety after the storm
Source: PR Newswire
ATLANTA, Oct. 11, 2018 /PRNewswire/ -- As Hurricane Michael clears Georgia, Georgia Power begins its first day of full-scale damage assessment Thursday. There has been significant damage due to high winds, heavy rain and fallen trees in the hardest hit areas including Albany, Americus, Bainbridge, Macon, Valdosta, Vidalia and other areas leaving nearly 175,000 customers without power. Damage assessment marks the first phase of the restoration process and Georgia Power has crews in the field assessing damage to begin the restoration process, followed by repair crews.
Georgia Power reminds customers that dangerous conditions exist following a storm.
After the Storm Safety Tips
For more on the damage assessment and restoration process, visit Georgia Power's YouTube channel.
Georgia Power monitored the path of Hurricane Michael prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company mobilized 3,900 personnel from Georgia Power, other Southern Company operating companies and assisting utilities.
Tools You Can Use
Mutual Assistance Network
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. The company has contacted and requested aid through the mutual assistance network and additional resources have been assigned.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/11/201810/11/2018 - 200,000 Georgia Power customers without power Thursday morning due to Hurricane Michael
200,000 Georgia Power customers without power Thursday morning due to Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 11, 2018 /PRNewswire/ -- Hurricane Michael continues to impact service to Georgia Power customers with severe weather expected to continue. As the storm clears the state, the company has secured additional resources and is prepared to respond with approximately 3,900 personnel from the company, other Southern Company operating companies and assisting utilities ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Michael.
Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, or longer, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. The company has contacted and requested aid through the mutual assistance network and additional resources have been assigned.
Damage Update
Tools You Can Use
After the Storm Safety Tips
For more on the damage assessment and restoration process, visit our YouTube channel.
Georgia Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/11/2018Royal Caribbean Cruises Ltd. Sustainability Efforts Receive A Gust Of Wind Power Through Partnership With Southern Power
Source: PR Newswire
MIAMI, Oct. 11, 2018 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) today announced it has signed an agreement with Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, for Southern Power's 200-megawatt (MW) Reading Wind Facility. This initiative, which will offset up to 12 percent of Royal Caribbean's emissions beginning in 2020, is the latest addition to the company's extensive sustainability efforts, which include programs to reduce greenhouse gas emissions through innovations at sea and in port.
This project, Southern Power's eleventh wind facility, is located in Osage and Lyon Counties, Kansas, and is Southern Power's first to be validated as a carbon offset project under the Verified Carbon Standard. The agreement with Royal Caribbean provides Southern Power with the economic basis to construct the project. Royal Caribbean was advised on the execution of this agreement by Schneider Electric Energy & Sustainability Services.
"This agreement complements our longstanding strategic initiatives to reduce the company's emissions and become a more sustainable operator," said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. "We are constantly looking for new ways to reduce our environmental footprint, both in the short and long term, and thanks to our partnership with Southern Power this is the latest step in our journey."
The facility is expected to generate roughly 760,000 megawatt hours per year over the duration of the 12-year agreement, which translates to enough clean energy to offset 10-12 percent of Royal Caribbean's annual carbon emissions starting in 2020. With this innovative program, Royal Caribbean is able to apply a new approach while continuing its primary initiatives to advance sustainability efforts across the company's fleet.
"Southern Power is thrilled to partner with Royal Caribbean to provide the company with a carbon offset project that will further complement Royal Caribbean's expansive sustainability initiatives," said Southern Power President and CEO Mark Lantrip. "Reading Wind celebrates the first project in our joint development agreement with RES America Developments Inc. (RES), qualifying for 100 percent production tax credits and is an important addition to Southern Power's portfolio. We're proud to support Royal Caribbean's innovative approach toward advancing its sustainability through this project."
The 200-MW project was originally developed by RES who will lead the construction of the project alongside Southern Power. Reading Wind is expected to consist of 62 wind turbines manufactured by Siemens Gamesa. The project is expected to break ground in the second quarter of 2019 and is expected to be complete by the second quarter of 2020. Southern Power will operate and maintain the facility upon completion.
Royal Caribbean's Commitment to Sustainability
Royal Caribbean has a longstanding commitment to environmental stewardship which the company expanded in 2016 to set ambitious and measurable goals to reduce the company's environmental footprint. In addition to the agreement with Southern Power, Royal Caribbean is also employing several technologies and innovations to reduce greenhouse gas emissions and create more efficient vessels, including:
Royal Caribbean also encourages guests to make a positive impact on the environment through Save the Waves, its onboard stewardship program focused on reducing waste; reusing and recycling; and properly disposing of remaining waste. For more information about Royal Caribbean's sustainability programs, please visit Sustainability.RCLCorporate.com.
About Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd. (NYSE: RCL) is a global cruise vacation company that controls and operates four global brands: Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises and Silversea Cruises. We are also a 50 percent joint venture owner of the German brand TUI Cruises, a 49 percent shareholder in the Spanish brand Pullmantur and a 36 percent shareholder in the Chinese brand SkySea Cruises. Together, these brands operate a combined total of 60 ships with an additional fourteen on order as of August 31, 2018. They operate diverse itineraries around the world that call on all seven continents. Additional information can be found on www.rclcorporate.com.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 50 facilities operating or under development in 12 states with more than 12,500 MW of generating capacity in Alabama, California, Florida, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Reading Wind Facility and Royal Caribbean's offset of carbon emissions. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any environmental performance standards and the requirements of tax credits and other incentives; ongoing renewable energy partnerships and development agreements; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Power
Article Date
10/11/201810/10/2018 - Plant Farley takes precautionary measure to reduce power in preparation for Hurricane Michael
Plant Farley takes precautionary measure to reduce power in preparation for Hurricane Michael
Source: PR Newswire
BIRMINGHAM, Ala., Oct. 10, 2018 /PRNewswire/ -- Southern Company subsidiary Southern Nuclear is reducing power for units 1 and 2 at the Joseph M. Farley Nuclear Plant as a precautionary safety measure to prepare for potential weather-related conditions caused by Hurricane Michael. These proactive steps will allow station personnel to continue monitoring the storm's progress and take any necessary actions.
Southern Nuclear operates the facility on behalf of owner Alabama Power.
"Safety systems at nuclear power plants are designed to withstand significant hazard events, and we take pride in our ability to safely and reliably operate our facility," said Farley Site Vice President Dennis Madison. "The decision to reduce power in preparation for the storm is a conservative measure, as the safety of our plant, employees and neighbors remains the top priority in everything we do."
At this time, Hurricane Michael is expected to make landfall this afternoon.
For information on Southern Nuclear's emergency preparedness plans, visit https://snc.news/EPinfo. For updates on Hurricane Michael, visit the Alabama NewsCenter at https://alabamanewscenter.com/.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of Dec. 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of Dec. 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
10/10/201810/8/2018 - Georgia Power prepares for Hurricane Michael
Georgia Power prepares for Hurricane Michael
Source: PR Newswire
ATLANTA, Oct. 8, 2018 /PRNewswire/ -- As Hurricane Michael tracks towards the Gulf Coast, Georgia Power is actively monitoring the storm, adjusting plans for response and coordinating with emergency partners, including the Georgia Emergency Management Agency and the National Weather Service.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use to Prepare for Severe Weather Year-round
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/8/2018Georgia Power's Paul Bowers receives 2018 Four Pillar award
Source: PR Newswire
ATLANTA, Oct. 5, 2018 /PRNewswire/ -- Paul Bowers, Georgia Power's chairman, president and CEO, was honored last night for his leadership by The Council for Quality Growth, with its 29th annual Four Pillar Tribute.
The Four Pillar Award is a prestigious leadership award given to an outstanding Georgian who has served his or her community, region and state. The honor celebrates the recipient's philanthropic efforts, as well as significant contributions to economic development and the region's quality of life. The pillars of the award represent the principles on which the Council was founded: Quality, Responsibility, Vision and Integrity.
"It is an honor to be given the Four Pillar Award, but this recognition is truly deserved by our great team at Georgia Power," said Bowers. "Every year, our company, employees and retirees renew their commitment to building a better tomorrow for the communities we serve, and I am proud to be a part of that."
As the Council's 29th honoree, Bowers chose "Purpose" as the theme for this year's ceremony, fitting to both Georgia Power's and his own values. It is a personal conviction that he believes his life's purpose is to leave a legacy of service to his fellow citizens, coworkers, and family.
A dynamic group of leaders delivered personal remarks on the four pillars of leadership and success that Bowers exemplifies: Juanita Baranco, co-owner of Baranco Automotive who serves on the board of Southern Company, former Home Depot CEO Frank Blake, CEO and Chairman of Chick-fil-A Dan Cathy, Governor Nathan Deal and Pastor Andy Stanley.
"A lot of people think integrity is about kindness. It has taken on many different meanings and connotations over the years, but to me, integrity is the strength to get things done. Can your integrity carry the burden and weight of daily life," said Gov. Deal during his tribute remarks. "Paul Bowers is the kind of man who has the integrity – the strength – to get things done."
"It was so humbling to hear the warm remarks shared by such esteemed leaders in their own rights, but more importantly to stand in front of leaders from across our state and urge them to lead with their hearts, because that is truly what our communities need," said Bowers.
Bowers serves on many boards benefitting many communities, including the boards of Children's Healthcare of Atlanta, Metro Atlanta Chamber of Commerce, Georgia Chamber of Commerce, the Georgia Ports Authority and more. He is also a curator for the Georgia Historical Society, and a past member of the Federal Reserve Bank of Atlanta's Energy Policy Council and the Board of Regents of the University System of Georgia.
The event marked the 29th year that the Council for Quality Growth, a not-for-profit trade association that promotes balanced and responsible growth, has paid tribute to such leaders. Past leaders honored with the Four Pillars Award include Arthur M. Blank, Dan T. Cathy, former Atlanta Mayor Shirley Franklin, U.S. Senator Johnny Isakson, and last year's recipient, Governor Nathan Deal.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/5/2018First reactor coolant pump placed at Vogtle nuclear expansion
Source: PR Newswire
ATLANTA, Oct. 5, 2018 /PRNewswire/ -- Georgia Power announced today the latest milestones at the Vogtle nuclear expansion near Waynesboro, Georgia – the placement of the first of four reactor coolant pumps (RCPs). The 375,000-pound pump was recently placed in the Unit 3 containment vessel where the nuclear components are housed.
The reactor coolant pumps will be mounted to the steam generator and serve a critical part of the reactor coolant system, circulating water from the steam generator to the reactor vessel, allowing sufficient heat transfer for safe plant operation.
Other recent milestones include a placement of shield building panels around the outside of Unit 3 containment. The shield building is made of steel and concrete in what is known as a steel composite design that is approximately 150 feet high and three feet thick. The shield building provides structural support to the containment cooling water supply and protects the containment vessel, which houses the reactor vessel and associated equipment. With the latest placement, nearly half of the shield building panels have been placed for Unit 3. In addition, the final floor module for the operating deck inside of containment was set. The module is part of the steel floor that sits above the in-containment refueling water storage tank (IRWST).
Unit 4 continues to progress with a concrete placement inside the containment vessel lasting more than 60 hours. More than 2,000 cubic yards of concrete were placed – an amount equal to 200 cement truckloads. The concrete placement supports the upcoming installation of the final steam generator and pressurizer.
With more than 7,000 construction workers on-site today, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is the largest jobs-producing construction project in the state of Georgia.
Follow the progress being made at the project with new photos added to the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/5/2018Georgia Power customers to see credit on October bills
Source: PR Newswire
ATLANTA, Oct. 3, 2018 /PRNewswire/ -- The first of three refunds associated with the Tax Cuts and Jobs Act of 2017 will be applied directly to Georgia Power customers' bills in October. These refunds are a result of the reduction in Georgia Power's federal corporate tax rate from 35% down to 21%. Customers will receive the refunds based upon energy consumption from January through August 2018. The typical residential customer using an average of 1,000 kilowatt-hours per month would receive a refund of nearly $28 on their Georgia Power October bill.
"At Georgia Power, we work every day to provide the best value to our customers not only in customer service, but in delivering clean, safe, reliable and affordable energy with rates below the national average," said Kevin Kastner, vice president of customer service for Georgia Power. "We are excited to let customers know about more bill credits coming their way in addition to other credits already received on their Georgia Power bills this year."
The Tax Cuts and Jobs Act benefits were confirmed in March as part of an agreement with Georgia Public Service Commission (PSC) Staff. In total, Georgia Power will provide three separate refunds to customers that will total $330 million. This first refund of $131 million is being issued in October 2018, with the subsequent refunds scheduled for June 2019 and February 2020. In addition to the $330 million in direct credits, customers are saving approximately $130 million in reduced taxes on financing costs for the Vogtle nuclear expansion in 2018. The company and PSC Staff also identified another approximately $700 million in future benefits that will be addressed in the company's next base rate case in 2019.
In addition, a total of $75 in 2018 bill credits, or $188 million overall, was approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 in December 2017. Georgia Power customers received three separate $25 credits in 2018 with the third and final $25 credit appearing in September bills. The credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
To learn more about Georgia Power's commitment to safe, clean, reliable and affordable energy, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected future customer benefits. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the uncertainty surrounding recently enacted tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; changes in Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; and the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
10/3/201810/2/2018 - Georgia Power Foundation donates $1 million to new Children's Healthcare of Atlanta facility
Georgia Power Foundation donates $1 million to new Children's Healthcare of Atlanta facility
Source: PR Newswire
ATLANTA, Oct. 2, 2018 /PRNewswire/ -- The Georgia Power Foundation recently completed a three-year investment of $1 million to Children's Healthcare of Atlanta's newly-opened Advanced Pediatrics Center. The Georgia Power Foundation is a non-profit 501(c)(3) organization and the third-largest corporate giving foundation in Georgia.
The 250,000-square-foot facility in Atlanta at North Druid Hills Road and Interstate 85 in DeKalb County brings together a pediatrics clinic, specialists and improved patient care under one roof. The location was chosen due to its central location to Children's three hospitals in the Atlanta-area.
The center includes space dedicated to the treatment of pulmonology, neurology, cardiology, diabetes, allergy/immunology, cystic fibrosis and sleep. In addition to physician space, the new building is home to state-of-the-art telemedicine capabilities, flexible exam rooms, a teaching classroom and a demonstration kitchen to enhance specific clinical programs.
A landscaped entry plaza has been named in the Georgia Power Foundation's honor at the facility.
"At Georgia Power, we fully understand that the health of our communities is only as strong as the well-being of its citizens," said Paul Bowers, president, chairman and CEO of Georgia Power. "We believe in the mission of Children's Healthcare of Atlanta to provide top-of-the-line medical care and research to the next generation and are proud to support them in their transformation of specialized, complex pediatrics care for Georgia's children."
More than 200 caregivers and 200 non-clinical team members help support the more than 100,000 patients that are anticipated to visit the center during its first year of operation.
"The Georgia Power Foundation's exceptional gift to the Center for Advanced Pediatrics demonstrates their commitment to the community's health and to the environment. With Georgia Power's very generous support, we can better serve children with complex conditions, and the building is on track for Leadership in Energy & Environmental Design (LEED) certification," said Ron Frieson, president of the Children's Healthcare of Atlanta Foundation and External Affairs.
To learn more about Georgia Power's commitment to the community, including the company's annual citizenship report, visit GeorgiaPower.com/Community. To keep up with Georgia Power's active volunteer and giving efforts every day, follow the company on Twitter @GeorgiaPower and #GaPowerfulService.
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the third-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
10/2/2018Chattanooga Gas announces new director of Regional Operations
Source: PR Newswire
CHATTANOOGA, Tenn., Sept. 27, 2018 /PRNewswire/ -- Southern Company Gas announced Paul Leath as the director of Regional Operations for Chattanooga Gas Company (CGC). In this role, Leath will be responsible for safety, compliance, installation and maintenance, emergency response and workforce management. He will report directly to Wendell Dallas, vice president of Operations for Atlanta Gas Light and Chattanooga Gas.
Most recently, Leath held the role of director of External Affairs for Tennessee. He was responsible for working cooperatively with regulators, elected officials, business and community leaders while maintaining a strong relationship between CGC and the Tennessee Public Utility Commission.
Leath has been with Southern Company Gas since 2001 and brings 30 years of senior management experience to this role. He is returning to field operations with eight years of previous experience as a region manager. Before joining Southern Company Gas, Leath was the manager of distribution and logistics for General Electric Lighting Systems and served as a logistics officer in the U.S. Army.
Leath is a graduate of Loyola University where he earned a Bachelor of Business Administration degree in finance. He also stays active in the community by serving on the Tennessee Chamber board of directors and the Tennessee Gas Associate board of directors, to name a few. He is currently the Chairman of East Tennessee Clean Fuels Coalition and previously served as a Leadership Georgia Trustee and Past Chairman of the Greater Macon Chamber of Commerce.
About Chattanooga Gas
Chattanooga Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Chattanooga Gas provides retail natural gas sales and transportation services to approximately 66,000 customers in Hamilton and Bradley counties in southeast Tennessee. The Chattanooga Gas service area includes the communities of Chattanooga, Cleveland, Red Bank, East Ridge, Lookout Mountain and Signal Mountain. For more information, please see www.chattanoogagas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Chattanooga Gas Company
Article Date
9/27/20189/26/2018 - All four of the Vogtle 3 & 4 co-owners vote to move forward with construction of nuclear expansion project
All four of the Vogtle 3 & 4 co-owners vote to move forward with construction of nuclear expansion project
Source: PR Newswire
ATLANTA, Sept. 26, 2018 /PRNewswire/ -- All four of the Vogtle 3 & 4 project co-owners (Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) have voted to continue construction of the two new nuclear units near Waynesboro, Ga.
"We are all pleased to have reached an agreement and to be moving forward with the construction of Vogtle Units 3 & 4 which is critical to Georgia's energy future," said the co-owners. "While there have been and will be challenges throughout this process, we remain committed to a constructive relationship with each other and are focused on reducing project risk and fulfilling our commitment to our customers."
In connection with the votes to continue construction, all four of the co-owners agreed to finalize and execute definitive agreements which helps mitigate financial exposure for each of them. The details are contained in Georgia Power's Current Report on Form 8-K filed today.
The new units are the first to be built in the United States in more than 30 years and the only new nuclear units currently under construction in America. Expected on-line in November 2021 (Unit 3) and November 2022 (Unit 4), the new units are expected to generate enough emission-free electricity to power approximately 500,000 homes and businesses.
Today, Vogtle 3 & 4 is the largest jobs-producing construction project in the state of Georgia, employing more than 7,000 workers from across the country, with more than 800 permanent jobs available once the units begin operating. Progress and productivity continue to improve, illustrated by multiple recent achievements such as the placement of the first steam generator and both accumulators – a key component of the AP1000 reactor safety system – inside the Unit 4 containment vessel.
Additionally, an AP1000 unit in China reached its final technical milestone last week, which will allow the unit to enter commercial operations. Three more AP1000 units are in full testing and will reach commercial operation soon.
To follow the progress, visit Georgia Power's YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the negotiation and execution of definitive agreements related to the co-owner vote and expected schedule for completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of Plant Vogtle Units 3 and 4 which includes components based on new technology that is just beginning initial operation in the global nuclear industry at scale, including changes in labor costs, availability, and productivity, challenges with management of contractors, subcontractors, or vendors, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; and the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
9/26/2018Georgia Power Honored by the Atlanta Gay and Lesbian Chamber of Commerce
Source: PR Newswire
ATLANTA, Sept. 26, 2018 /PRNewswire/ -- The Atlanta Gay and Lesbian Chamber of Commerce recently presented Georgia Power with the association's special 2018 Corporate Ally of the Year Award for its economic growth and advancement of Atlanta's lesbian, gay, bisexual and transgender (LGBT) community. Georgia Power promotes equality and encourages a culture of excellence in which every customer and employee feels valued, respected and engaged.
"This honor is truly in recognition of Georgia Power's philosophy and commitment to diversity and inclusion, which empowers our employees to help our communities and all Georgians thrive," said Chris Cummiskey, executive vice president of External Affairs for Georgia Power. "At Georgia Power we understand the importance of having a workforce that reflects the communities we serve – communities that are unique across not only race, gender, gender identity and sexual orientation, but also creativity, experience and educational backgrounds."
PRIDE Power, one of the company's Employee Resource Groups (ERGs), was formed to foster an inclusive work environment where LGBT employees and their allies are empowered to be authentic, valued and respected. The members of this ERG have promoted and maintained a supportive work environment for all employees by conducting education forums, hosting programs featuring leaders who are members of the LGBT community, spotlighting achievements and providing growth for the LGBT community.
Georgia Power has nine ERGs developed to raise awareness within the company, ensure all employees are respected, and connect employees, customers and suppliers to Georgia Power's long-term business success is through these engaged employee groups. The diverse experiences, skills and backgrounds that employees bring to work is what makes Georgia Power successful.
Diversity and Inclusion
Georgia Power strives to implement diversity in everything from its suppliers to corporate outreach to attracting, hiring and retaining talent. The company supports and partners with dozens of organizations across the state to ensure we're building a better tomorrow for Georgia.
Our goal is to be a citizen wherever we serve our neighbors and businesses across the state. In doing so, it is important that we reflect our community's diverse range of culture and interests. We believe that a diverse workforce makes us better in every decision that we make, and in our interactions with our neighbors and customers.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/26/2018UPDATE: Vogtle 3 & 4 co-owners agree to 5 p.m. Wednesday extension on vote to finalize details of an agreement
Source: PR Newswire
ATLANTA, Sept. 26, 2018 /PRNewswire/ -- All four of the Vogtle Co-Owners (Georgia Power, MEAG Power, Dalton Utilities and Oglethorpe Power) have agreed to extend Tuesday's 11:30 p.m. (EDT) voting deadline to Wednesday at 5 p.m. (EDT) in order to finalize details of an agreement among the co-owners and seek necessary approvals.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the cancellation of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; legal proceedings and regulatory approvals and actions related to the cancellation of Plant Vogtle Units 3 and 4, including Georgia PSC approvals and U.S. Nuclear Regulatory Commission actions; changes in Georgia Power's credit ratings; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
9/26/2018Three of the Vogtle 3 & 4 co-owners have voted to move forward with construction
Source: PR Newswire
ATLANTA, Sept. 24, 2018 /PRNewswire/ -- Three of the four Vogtle co-owners – representing 70 percent of the ownership – have voted in favor of moving forward with completion of the project. In contrast to the decision made by the other three co-owners, Oglethorpe Power has asked for an extension and demanded concessions to avoid obligations that it undertook when it became an owner of the project. All of the remaining co-owners have agreed to the extension in order to allow Oglethorpe Power more time to consider its vote.
Vogtle 3 & 4 is the largest jobs-producing construction project in Georgia, employing more than 7,000 workers, and will be a 60-80 year asset delivering affordable, carbon-free energy to the state, which Oglethorpe Power recognized in statements to the Georgia Public Service Commission (PSC) less than a year ago. The project will be canceled to the detriment of the citizens of Georgia if Oglethorpe Power does not vote to move forward under the current ownership structure.
"We hope Oglethorpe Power joins us in doing what is best for Georgia's citizens and votes tomorrow to fulfill its obligation to complete this project which is critical to Georgia's energy future," said Paul Bowers, chairman, president and CEO of Georgia Power.
"The MEAG Power Board voted unanimously to support completion of the project, taking into account the environmental and economic benefits of the project to the state," said Jim Fuller, MEAG Power President and CEO. "We are disappointed that Oglethorpe Power has not yet joined us in agreeing to complete the units for the future of Georgia."
"Dalton Utilities believes that continuation of the Vogtle Project is in the best interests of its customers," said Tom Bundros, CEO of Dalton Utilities. "We hope that OPC will realize the benefit of the Vogtle Project to its customers and join us as we move forward."
Last year, all four of the project co-owners presented a unified recommendation to the PSC to continue construction of Vogtle 3 & 4 following Westinghouse's bankruptcy in 2017. At that time, all four of the project co-owners considered their own costs and fully acknowledged and accepted possible risks associated with continuing construction. This understanding was reaffirmed again last year when all four co-owners voted to continue construction.
Despite this, in recent weeks Oglethorpe Power has continued to demand Southern Company shareholders and ultimately Georgia Power customers accept Oglethorpe's risk in the project even though all four co-owners fully understood and voluntarily accepted their own risks when they sought to become an owner at the project's inception. Even though Georgia Power is under no obligation to do so, the company provided several proposals to Oglethorpe Power to help give them additional financial support and certainty for their ratepayers.
Instead of taking a long-term view, Oglethorpe Power is using the vote to try to burden others with its obligations and extract unreasonable concessions.
While Oglethorpe Power implies it abdicated its responsibilities to its customers and relied solely on representatives from Southern Nuclear on the budget, Oglethorpe Power CEO Mike Smith said in 2017:
OPC has confidence in our revised capital budget for our 30 percent of the project and our financial strength to manage our portion. Principally Oglethorpe is choosing to focus on the long-term view. We recognize the benefits of fuel diversity and stable priced, emission-free power for the next 60 to 80 years. Mike Smith in front of the Georgia Public Service Commission in August 2017
Vogtle units 3 & 4, if continued, will be the first new nuclear units to be built in the United States in more than 30 years. The new units will generate enough emission-free electricity to power approximately 500,000 homes and businesses.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the cancellation of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; legal proceedings and regulatory approvals and actions related to the cancellation of Plant Vogtle Units 3 and 4, including Georgia PSC approvals and U.S. Nuclear Regulatory Commission actions; changes in Georgia Power's credit ratings; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
9/25/20189/21/2018 - Mississippi Power announces redemption of preferred stock, depositary shares and senior notes
Mississippi Power announces redemption of preferred stock, depositary shares and senior notes
Source: PR Newswire
GULFPORT, Miss., Sept. 21, 2018 /PRNewswire/ -- Mississippi Power today announced that it issued notices of full redemption for the following series of preferred stock, depositary shares and senior notes:
The redemption date for each of the above series of preferred stock, depositary shares and senior notes will be October 23, 2018.
The redemption price per share for each series of preferred stock and depositary shares will be as follows:
The redemption price for the Series G 5.40% Senior Notes will be 100% of the principal amount thereof plus accrued and unpaid interest to the redemption date.
The redemption price for the Series 2009A 5.55% Senior Notes will be the greater of (i) 100% of the principal amount of the notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (not including any portion of such payments of interest accrued to the redemption date) discounted (for purposes of determining present value) to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the treasury yield plus 45 basis points, plus, in each case, accrued and unpaid interest thereon to the redemption date. The treasury yield will be determined in accordance with the terms of the Series 2009A 5.55% Senior Notes prior to the redemption date.
Questions relating to the preferred stock and depositary shares redemptions and requests for copies of the related notices of redemption should be directed to EQ Shareowner Services, the redemption agent for the preferred stock and depositary shares, at 1-800-468-9716.
Questions relating to the senior notes redemptions and requests for copies of the related notices of redemption should be directed to Wells Fargo Bank, National Association, the paying agent for the senior notes, at 1-800-344-5128.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. With nearly 160 megawatts of approved solar energy capacity, Mississippi Power is the largest partner in providing renewable energy in the state of Mississippi. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, and YouTube.
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SOURCE Mississippi Power
Article Date
9/21/2018Scheduled refueling activities underway at Plant Vogtle Unit 1
Source: PR Newswire
BIRMINGHAM, Ala., Sept. 17, 2018 /PRNewswire/ -- Plant operators safely removed Unit 1 of the Alvin W. Vogtle Electric Generating Plant offline Sunday, Sept. 16, at 5 a.m. ET for the scheduled fall 2018 refueling outage. The severe weather resulting from Hurricane Florence had no impact on the scheduled refueling outage activities.
Each of the two units at Plant Vogtle requires new fuel every 18 months. The most recent refueling outage for Unit 1 was completed in the spring of 2017.
In addition to refueling the reactor during the outage, workers will perform regular maintenance, testing and upgrades to plant equipment.
"Safety is our number one priority during the refueling outage," said Darin Myers, site vice president for Vogtle units 1 and 2. "A safe and successful outage is achieved through the focus of the entire organization – our employees and our supporting partners. The station has planned for this refueling outage for over a year. This planning ensures the activities are coordinated to ensure safety is maintained at the highest level."
Southern Company subsidiary Southern Nuclear operates Plant Vogtle on behalf of Georgia Power and the plant's other Georgia co-owners. Employees from across the Southern Nuclear fleet as well as nearly 1,300 additional workers from Georgia Power, Westinghouse, General Electric, Day & Zimmermann and other companies have come to the plant to assist the site employees in completing the multiple tasks required to ensure the unit will run safely and reliably for the next 18 months.
These additional workers provide considerable economic stimulus to surrounding communities during their stay in the area.
Vogtle Unit 2 continues to safely generate electricity while Unit 1 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
9/17/2018Virginia Natural Gas Prepares for Hurricane Florence
Source: PR Newswire
VIRGINIA BEACH, Va., Sept. 11, 2018 /PRNewswire/ -- With the safety of the public, its employees and its pipelines at the forefront, Virginia Natural Gas is closely monitoring the progress of Hurricane Florence and how it may impact service operations and customers. Virginia Natural Gas is implementing its comprehensive emergency response plan, and crews are prepared for the storm.
Virginia Natural Gas is providing the following guidelines associated with natural gas safety during weather emergencies:
Appliance Safety Before and After the Storm
Detecting Gas Leaks
Damage Prevention
Meter Safety
Natural Gas Generators
Carbon Monoxide Safety
For information about natural gas safety, visit virginianaturalgas.com/safety.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia. Virginia Natural Gas has been recognized as one of the safest, most reliable and customer-focused natural gas service providers and is consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates. In 2017, Virginia Natural Gas earned the Most Trusted Brand recognition from Market Strategies International's Cogent Report™ study and for the second consecutive year was named Local Distribution Company of the Year by the Virginia Department of Mines, Minerals and Energy and the Virginia Oil and Gas Association. For more information, visit virginianaturalgas.com and connect with the company on Facebook and Twitter.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states with 774,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Southern Company
Article Date
9/11/2018Georgia Power customers to receive third $25 Vogtle bill credit this month
Source: PR Newswire
ATLANTA, Sept. 6, 2018 /PRNewswire/ -- Georgia Power customers will receive the third $25 credit for the Vogtle nuclear expansion on bills this month. A total of $75 in 2018 bill credits, or $188 million overall, were approved by the Georgia Public Service Commission (PSC) as part of its order to continue construction of Vogtle 3 & 4 in December 2017. Customers also received separate $25 credits in April and July. The 2018 bill credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
Vogtle 3 & 4 are the nation's only new nuclear units under construction with new progress made every day at the construction site near Waynesboro, Georgia. Most recently, Georgia Power announced the placement of the third 1.4 million-pound steam generator for the project. Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Four steam generators are needed for the new units with the final steam generator onsite and expected to be placed in the coming months. Watch a time-lapse video of the placement here.
To learn more about Georgia Power's commitment to safe, clean, reliable and affordable energy, including the Vogtle 3 & 4 nuclear expansion, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the U.S. Department of Energy (DOE) loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development construction and operation of facilities, including Plant Vogtle Units 3 and 4 which include components based on new technology that is just beginning initial operation in the global nuclear industry at scale, including changes in labor costs, availability and productivity, challenges with management of contractors, subcontractors or vendors, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission (NRC) requirements, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and NRC actions; a decision by more than 10% of the owners of Plant Vogtle Units 3 and 4 not to proceed with construction; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
9/6/2018Tom Fanning Receives EEI's Distinguished Leadership Award for his Dedication and Service to the Electric Power Industry
Source: PR Newswire
ATLANTA, Sept. 6, 2018 /PRNewswire/ -- Tom Fanning, Southern Company Chairman, President and CEO, has been awarded the Edison Electric Institute's (EEI's) Distinguished Leadership Award by his industry peers for his significant contributions and commitment to the electric power industry.
In accepting the award, Fanning thanked EEI for the honor and noted that at Southern Company, and the industry as a whole, we are citizens wherever we serve.
"I'm always proud to say that this industry offers people hope. Because we are successful at delivering clean, safe, reliable and affordable energy, we help people in a very profound way," Fanning said. "We are so privileged to serve the communities in which we live and those communities are better off because we are there. There is no higher calling than that."
The award, established to recognize outstanding individual achievement, was presented during EEI's fall CEO and board of directors meeting. Fanning is only the 10th industry CEO to receive the award.
Fanning was elected president by Southern Company in August 2010 and assumed the additional responsibilities of chairman and CEO in December 2010. Prior to being elected president, he worked for Southern Company for more than 35 years and has held 15 different positions in eight different business units, including numerous officer positions with a variety of Southern Company subsidiaries in the areas of finance, strategy, international business development, and technology.
Among his many accomplishments, Fanning is a Co-Chair of the CEO-led Electricity Subsector Coordinating Council (ESCC). The ESCC is the principal liaison between the federal government and the electric power industry, with the mission of coordinating efforts to prepare for and respond to national disasters and threats to critical infrastructure. Fanning also collaborates with the Tri-Sector Executive Working Group, which was formed by electricity, finance, and communications sectors to enhance national and economic security by developing a cross-sector strategic framework to address existential threats, risk, and consequence management.
"Tom is a terrific leader whose efforts have elevated coordination between the electric power industry and the government to prepare for and respond to national disasters and to better protect the energy grid against physical and cybersecurity threats," said Dominion Energy Chairman, President and CEO Tom Farrell. "Under his leadership, the ESCC was founded and continues to undertake a wide range of security and resiliency initiatives in order to improve the security posture of the energy grid."
"Tom's extensive work to enhance the industry's collaboration with the government in order to defend against threats has been invaluable," said American Electric Power Chairman, President and CEO Nick Akins. "His leadership and dedication have been a catalyst for major initiatives aimed at improving the security of the energy grid."
"In the era of increased cybersecurity threats and impacts from significant weather events, Tom's work has never been more important," said EEI President Tom Kuhn.
In addition to his responsibilities with Southern Company, the ESCC, and the Tri-Sector Executive Working Group, Tom serves on the board of directors of the Federal Reserve Bank of Atlanta, where he is the immediate past chairman, and he served as chairman of the Edison Electric Institute from June 2016 to June 2017. He is on the advisory board of the Georgia Tech Scheller College of Business, the board of trustees of the Georgia Tech Foundation, the board of directors of the Institute of Nuclear Power Operations, and the regional governing board of the World Association of Nuclear Operators' Atlanta Centre. Tom also serves on the board of directors of Vulcan Materials Company and is a member of the Business Roundtable. He is the 2018 recipient of the American Football Coaches Foundation's CEO Coach of the Year Award.
Fanning earned bachelor's and master's degrees in industrial management and was awarded an honorary Doctor of Philosophy degree from Georgia Tech. His executive education includes programs at the International Institute for Management Development in Lausanne, Switzerland, Harvard Business School, and the University of Virginia Darden School of Business.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
9/6/2018Southern Company names Vice President of Corporate Governance
Source: PR Newswire
ATLANTA, Sept. 5, 2018 /PRNewswire/ -- Southern Company today announced that Laura O. Hewett has been named Vice President, Corporate Governance.
In this newly created position, Hewett will lead the investor engagement strategy with respect to environmental, social, governance (ESG) and executive compensation topics. She will report to James Y. Kerr II, Executive Vice President, Chief Legal Officer and Chief Compliance Officer.
Hewett will work collaboratively with the Investor Relations and Environmental Policy teams to broaden outreach to institutional investors on these important issues. She also will work with key governance-focused investor organizations, such as the Council of Institutional Investors, and advise senior management on corporate governance best practices.
"Our company recognizes the importance of communicating regularly and effectively with our shareholders on ESG, compensation and long-term strategy," said Kerr. "This new position enhances our engagement efforts across the investor spectrum. Laura brings years of leadership on corporate governance and will help further Southern Company's commitment to the highest standards in corporate governance."
Hewett joined Southern Company in 2015 as Associate General Counsel. Prior to joining the company, she served as Counsel at King & Spalding, LLP with a practice focused on securities and corporate governance for public companies. Hewett is a graduate of Duke University, the University of Florida School of Law and Cambridge University.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
9/5/20181.4 million pound steam generator placed for Vogtle Unit 4
Source: PR Newswire
ATLANTA, Aug. 31, 2018 /PRNewswire/ -- Georgia Power announced today the latest milestone at the Vogtle nuclear expansion near Waynesboro, Georgia – the placement of the third of four steam generators. The 1.4 million-pound steam generator was recently lifted into the Unit 4 nuclear island and marks a significant accomplishment for the nation's only new nuclear units under construction. Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core.
The steam generators for the new units were fabricated in South Korea and transported to the site via the Port of Savannah and then via rail. The final steam generator for the project is onsite and expected to be placed in the coming months. Watch a time-lapse video of the placement here.
Other milestones at the Vogtle site over the past two weeks include the installation of the fourth and final cooling water system pump for Unit 3. Each pump, weighing 62,000 pounds each, will circulate 160,000 gallons of water per minute, taking the cool water from the cooling tower basin and circulating it through the condensers in the turbine building to help cool the steam coming off the turbines. The warm water is then recirculated through the natural-draft cooling towers, where the heat is released to the atmosphere.
Georgia Power Files 19th VCM Report
Georgia Power provides a full report every six months on the Vogtle nuclear expansion to the Georgia Public Service Commission (PSC) through the detailed, transparent Vogtle Construction Monitoring (VCM) process. The 19th VCM Report, available here, outlines recent progress made at the site, as well as the latest information on cost and schedule for the project.
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. A total of $75 in 2018 bill credits, or $188 million overall, was approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 in December 2017. Georgia Power customers are receiving three separate $25 credits in 2018 with the third and final $25 credit expected to be issued in September. The credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
Customers also continue to save money throughout 2018 under the company's updated 2018 Nuclear Construction Cost Recovery (NCCR) tariff. The tariff allows the company to collect financing costs for the Vogtle expansion every month, a structure which saves customers hundreds of millions of dollars by reducing financing and borrowing costs, while also phasing the new units into rates over time helping to avoid "rate shock" once the new units come online. As a result of the Toshiba parent guarantee payments and changes in federal tax law this year, customers will pay $139 million less than expected in 2018 for the Vogtle project with the typical residential customer using 1,000 kilowatt-hours per month paying $1 less each month than they did in 2017.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication and the 19th VCM Report is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected cost and schedule for completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development construction and operation of facilities, including Plant Vogtle Units 3 and 4 which include components based on new technology that is just beginning initial operation in the global nuclear industry at scale, including changes in labor costs, availability and productivity, challenges with management of contractors, subcontractors or vendors, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission (NRC) requirements, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and NRC actions; a decision by more than 10% of the owners of Plant Vogtle Units 3 and 4 not to proceed with construction; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/31/2018Georgia Power updates ash pond closure plans for Plants Branch and Bowen
Source: PR Newswire
ATLANTA, Aug. 30, 2018 /PRNewswire/ -- Georgia Power announced today updated, site-specific closure plans for ash ponds at Plants Branch and Bowen as part of its efforts to safely and permanently close 29 ash ponds at 11 current and former coal-fired power plants across the state. Based on continued engineering and analysis, the company has increased the total number of ash ponds to be completely excavated to 19 from 17, including all ash ponds located adjacent to lakes or rivers, with the remaining 10 being closed in place using advanced engineering methods and closure technologies.
"Permanently closing our ash ponds is about more than compliance for Georgia Power, it's about a persistent focus on making the best decisions for our customers, at each individual site and for our neighboring communities," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "Our multiyear closure strategy is aggressive and we are making great progress, while remaining committed to working quickly and safely, protecting water quality every step of the way and complying with state and federal requirements."
Georgia Power first announced its intention to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016 including the complete removal of ash from 16 of 29 ash ponds. Throughout the closure process, the company has remained dedicated to protecting water quality and the state's waterways by making, and refining, site-specific closure decisions that balance multiple factors such as pond size, location, geology and amount of material. The company is meeting or exceeding all regulations regarding ash ponds and landfills in the state, and adhering to a comprehensive permitting program through which the Georgia Environmental Protection Division (EPD) approves actions related to ash pond closures. Each closure will also be certified by independent, professional engineers.
At Plant Branch, near Milledgeville, the company plans to completely excavate the ash ponds onsite, then store the ash in a new, lined landfill on plant property. The planned landfill will be fully permitted and regulated by Georgia EPD. This updated closure plan allows the company to preserve the option to better recycle the ash in the future and maximizes the potential for future redevelopment or sale of the site. More than 60 percent of the coal ash Georgia Power produces today is recycled for various beneficial uses such as Portland cement, concrete and cinder blocks.
At Plant Bowen, near Cartersville, the company has completed a thorough study of the site and its 250-acre ash pond, including local geology and closure logistics. Based on this updated evaluation, the company plans to permanently close the ash pond by excavating the ash and installing a synthetic liner to create a new, lined ash storage facility onsite that will be fully permitted and regulated by Georgia EPD.
Ash pond closure processes continue to progress at all other Georgia Power properties. As of August 2018, the company has completed closure construction activities and removed all ash from five ash ponds at Plants Branch, Kraft, McDonough and Yates. Additionally, construction activities are currently underway at multiple sites with closure construction efforts expected to be completed at six additional ash ponds at Plants McDonough, McManus, Hammond and Yates this year.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells around its ash ponds and on-site landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The first round of testing was completed with results published in August 2016, more than 18 months ahead of federal requirements, and the company continues to post testing results on Georgia Power's website and report them to the Georgia EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
Georgia Power's commitment to protecting the water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. As announced in August 2017, Georgia Power's efforts to dewater its ash ponds are well underway and, similar to the process in place for groundwater monitoring, results are posted to Georgia Power's website and reported to the Georgia EPD. The company's dewatering process treats the water removed from the ash ponds to ensure that it meets or exceeds the requirements of each plant's wastewater discharge permits approved by the Georgia EPD and is protective of applicable water quality standards. Read more here.
Ensuring Reliable Energy Throughout Ash Pond Closure Process
The company continues to work to ensure reliable electric service for customers during the significant construction activity that must take place at each coal-fired generating plant to accommodate the handling of dry ash while also completing the ash pond closure process. These efforts include conducting work when the plants are on planned outages or as customer demand allows operations to accommodate the work. In 2016, the company announced that all ash ponds will stop receiving coal ash in three years and the significant construction work necessary to accommodate the dry-handling of ash is on track to be completed in 2019.
Georgia Power delivers clean, safe, reliable and affordable energy through a diverse generation mix, which includes renewable energy, such as wind and solar, along with natural gas, nuclear and coal-fired generation. Over the last five years, Georgia Power has safely retired or fuel-switched approximately 4,000 MW of coal and oil-fired generation and the company's coal-fired generation capacity is nearly half of what it was in 2005.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-updates-ash-pond-closure-plans-for-plants-branch-and-bowen-300705118.html
SOURCE Georgia Power
Article Date
8/30/20188/17/2018 - Southern Company Gas names new executive roles
Southern Company Gas names new executive roles
Source: PR Newswire
ATLANTA, Aug. 17, 2018 /PRNewswire/ -- Southern Company Gas Chairman, President and CEO Kim Greene today announced two new executive roles to the company's management, effective September 1.
John Hudson has been named executive vice president and chief external and public affairs officer at Southern Company Gas. In his new role, Hudson will be responsible for External Affairs, Corporate Communications, Marketing, Community Relations, Economic Development and Environmental Affairs. He also will serve as president of the Southern Company Gas Foundation and will be responsible for the company's and its subsidiaries' philanthropy and volunteerism efforts.
Jeff Peoples has been named executive vice president and chief administrative officer of Southern Company Gas. In his expanded role, Peoples will be responsible for Human Resources, Labor Relations, Environmental Health and Safety, Technical Training and Corporate Services for all Southern Company Gas businesses. He also will serve as president of AGL Services Company, providing a single point of contact for the organizations that are directed by Southern Company Services – specifically the Technology Organization, Supply Chain, Fleet, Facilities and Compensation and Benefits. He also will retain responsibilities for Human Resources, Labor and Safety at Alabama Power, Safety for Southern Company's Operations Services and external labor for the Southern Company system.
"John and Jeff are accomplished and respected leaders within the Southern Company system," said Greene. "The leadership they will provide in these roles is yet another positive move forward for Southern Company Gas as we deliver on our commitment to provide clean, safe, reliable and affordable natural gas to the customers we're privileged to serve."
Hudson currently serves as senior vice president of Marketing and Business Development at Alabama Power. He joined Alabama Power in 1996 and was elected vice president of Public Relations in 2010 and later took on additional responsibilities over Charitable Giving. He also served as president of the Alabama Power Foundation. Hudson previously served as senior vice president of Corporate Diversity and Public Affairs for Regions Financial Corporation.
A licensed attorney, Hudson practiced law at the Hudson Law Firm. Prior to practicing law, he served Alabama Power as an area manager in the Birmingham Division and as assistant to the president. He has a bachelor's degree in political science from Alabama A&M University and is a cum laude graduate of Miles College School of Law. He completed the Executive Accounting and Finance program at the Wharton School of Business at the University of Pennsylvania and Harvard Business School.
Peoples currently serves as senior vice president of Employee Services and Labor Relations for Alabama Power and as vice president for Operation Services for Southern Company. He began his career with Southern Company in 1984 as a chemical technician at Alabama Power's Plant Miller. Over the years Peoples has progressed through positions of increasing responsibility in Human Resources, Training and Workforce Development.
Peoples holds a bachelor's degree in Chemistry and Biological Science from Lee University in Cleveland, Tennessee. He serves on the board of directors of the Alabama Power Foundation, Southeast LAMPAC, the National Utility Industry Training Fund and the Center for Construction Research and Training.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and 774,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-gas-names-new-executive-roles-300698763.html
SOURCE Southern Company Gas
Article Date
8/17/2018Georgia Power, Georgia 811 team up for new safety video on National 811 Day
Source: PR Newswire
ATLANTA, Aug. 9, 2018 /PRNewswire/ -- Georgia Power and Georgia 811 have teamed up to present a new public service announcement (PSA) for National 811 Day on August 11 ("8-11"). The PSA highlights the importance of contacting 811 to have underground power lines and other buried utilities marked before digging projects. The video features the Georgia 811 mascot – Digger Dog – and demonstrates how quick and easy it is to have underground lines identified.
Georgia Power works every day with Georgia 811, a nonprofit corporation dedicated to preventing damage to underground utilities and promoting public safety, to ensure that projects are safe and comply with the "Georgia Dig Law." The law requires contact with Georgia 811 before mechanized digging to have buried power, communications, gas and water lines clearly marked, typically with flags, spray paint or both, to help prevent injuries, unintended service disruptions, repair costs and fines. In the first six months of 2018, Georgia Power has responded to more than 420,000 requests for locating and marking of its underground power lines.
Georgia Power reminds customers of the importance of calling 811 or visiting MyGeorgia811.com, to enter a location request at least two days before they dig. There is no charge for 811 location requests and contacting 811 is also recommended for smaller, manual jobs, such as planting trees, installing fences or mailboxes or other digging activity. Once the request is received, Georgia 811 notifies affected member utility companies, who send a professional technician to identify and mark underground lines.
The new PSA, available here for hi-resolution media download in 15- and 30-second versions, can also be viewed on Georgia Power's YouTube, Twitter and Facebook pages.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-georgia-811-team-up-for-new-safety-video-on-national-811-day-300695027.html
SOURCE Georgia Power
Article Date
8/9/2018Significant progress made on Vogtle 3 & 4 construction
Source: PR Newswire
ATLANTA, Aug. 8, 2018 /PRNewswire/ -- Georgia Power announced today that Southern Nuclear has made significant progress on construction of Vogtle 3 & 4 since assuming project management on behalf of the project co-owners (Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) from Westinghouse following its bankruptcy in 2017. The company also announced that its revised capital and construction cost forecast for its share of the project has increased from $7.3 billion to $8.4 billion, based on a revised cost-to-complete estimate from Southern Nuclear. The new nuclear units are the first to be built in the United States in a generation and the only new units currently under construction in this country. With projected in-service dates still expected in November 2021 (Unit 3) and November 2022 (Unit 4), the new units will generate enough emission-free electricity to power approximately 500,000 homes and businesses.
More than 7,000 workers from across the country are onsite working to complete the new units and focused on safety, quality construction and productivity. Milestones over the past 60 days alone have included a major concrete placement lasting more than eight continuous hours inside the Unit 3 shield building and the placement of a 52,000-pound Q233 piping module for Unit 4, a critical piece of the overall passive core cooling system, inside the containment vessel allowing large quantities of specialized piping to now be installed. Click here to view photos of these milestones and other recent construction progress.
"Significant progress has been made on the construction of Vogtle 3 & 4 since the transition to Southern Nuclear following the Westinghouse bankruptcy," said Paul Bowers, chairman, president and CEO of Georgia Power. "While there will always be challenges in building the first new nuclear units in this country in more than 30 years, we remain focused on reducing project risk and maintaining the current project momentum in order to provide our customers with a new carbon-free energy source that will put downward pressure on rates for 60 to 80 years."
As work continued at the site uninterrupted during the transition from Westinghouse to Southern Nuclear, project leadership made a series of decisions, such as providing craft labor incentives to both attract and retain adequate staffing levels and increased field supervision and engineering oversight, in an effort to lower project risk and maintain project momentum. As a result, and based on a year's worth of experience managing the project, Southern Nuclear has revised its estimate of the cost to complete the project. This revised forecast includes approximately $700 million in additional projected costs which will be absorbed by the company and have no impact on customer bills. While it is believed the increased projected costs are reasonable, necessary and prudent, the company has decided not to ask the Georgia Public Service Commission (PSC) to approve those costs so soon after receiving the Georgia PSC's approval of the capital forecast last year.
Additionally, based on the latest estimate, the previous contingency for the project has been determined to be insufficient to fully offset forecasted cost increases resulting in an increased contingency of approximately $400 million, which may be presented to the Georgia PSC for evaluation as and when appropriate in the future.
"Our responsibility is to our customers first and we are accountable to them for this project and committed to ensuring that our state has affordable and reliable energy today and for generations to come," added Bowers.
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. A total of $75 in 2018 bill credits, or $188 million overall, was approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 in December 2017. Georgia Power customers are receiving three separate $25 credits in 2018 with the third and final $25 credit expected to be issued in September. The credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
Customers also continue to save money throughout 2018 under the company's updated 2018 Nuclear Construction Cost Recovery (NCCR) tariff. The tariff allows the company to collect financing costs for the Vogtle expansion every month, a structure which saves customers hundreds of millions of dollars by reducing financing and borrowing costs, while also phasing the new units into rates over time helping to avoid "rate shock" once the new units come online. As a result of the Toshiba parent guarantee payments and changes in federal tax law this year, customers will pay $139 million less than expected in 2018 for the Vogtle project with the typical residential customer using 1,000 kilowatt-hours per month paying $1 less each month than they did in 2017.
Nuclear energy is an essential piece of Georgia Power's commitment to deliver safe, clean, reliable and affordable energy for customers. Emission-free nuclear energy generated by the existing units at Plants Vogtle and Hatch currently accounts for more than 20 percent of Georgia's overall electricity production every year. Once the new units come online, Plant Vogtle will be the first four-unit nuclear facility in the Unites States. To learn more, visit www.georgiapower.com/nuclear.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected cost and schedule for completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development construction and operation of facilities, including Plant Vogtle Units 3 and 4 which include components based on new technology that is just beginning initial operation in the global nuclear industry at scale, including changes in labor costs, availability and productivity, challenges with management of contractors, subcontractors or vendors, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission (NRC) requirements, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; a decision by more than 10% of the owners of Plant Vogtle Units 3 and 4 not to proceed with construction; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/significant-progress-made-on-vogtle-3--4-construction-300693926.html
SOURCE Georgia Power
Article Date
8/8/2018Southern Company reports second-quarter 2018 results
Source: PR Newswire
ATLANTA, Aug. 8, 2018 /PRNewswire/ -- Southern Company today reported a second quarter 2018 loss of $154 million, or 15 cents per share, compared with a loss of $1.38 billion, or $1.38 per share, in the second quarter of 2017. For the six months ended June 30, 2018, Southern Company reported earnings of $784 million, or 77 cents per share, compared with a loss of $723 million, or 73 cents per share, for the same period in 2017.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $815 million, or 80 cents per share, during the second quarter of 2018, compared with $728 million, or 73 cents per share, during the second quarter of 2017. For the six months ended June 30, 2018, excluding these items, Southern Company earned $1.71 billion, or $1.69 per share, compared with earnings of $1.38 billion, or $1.39 per share, for the same period in 2017.
|
Non-GAAP Financial Measures |
Three Months Ended June |
Year-to-Date June | |||
|
Net Income - Excluding Items (in millions) |
2018 |
2017 |
2018 |
2017 | |
|
Net Income (Loss) - As Reported |
$(154) |
$(1,381) |
$784 |
$(723) | |
|
Estimated Loss on Plants Under Construction |
1,060 |
3,012 |
1,105 |
3,120 | |
|
Tax Impact |
(270) |
(896) |
(281) |
(937) | |
|
Loss on Plant Scherer Unit 3 |
- |
- |
- |
33 | |
|
Tax Impact |
- |
- |
- |
(13) | |
|
Acquisition, Disposition, and Integration Impacts |
172 |
9 |
233 |
13 | |
|
Tax Impact |
4 |
(4) |
(1) |
(5) | |
|
Wholesale Gas Services |
32 |
28 |
(108) |
(86) | |
|
Tax Impact |
(11) |
(11) |
25 |
35 | |
|
Litigation Settlement |
(24) |
- |
(24) |
- | |
|
Tax Impact |
6 |
- |
6 |
- | |
|
Earnings Guidance Comparability Items: |
|||||
|
Equity Return Related to Kemper IGCC Schedule Extension |
- |
(24) |
- |
(47) | |
|
Tax Impact |
- |
(5) |
- |
(9) | |
|
Adoption of Tax Reform |
- |
- |
(31) |
- | |
|
Net Income – Excluding Items |
$815 |
$728 |
$1,708 |
$1,381 | |
|
Average Shares Outstanding – (in millions) |
1,014 |
998 |
1,012 |
996 | |
|
Basic Earnings Per Share – Excluding Items |
$0.80 |
$0.73 |
$1.69 |
$1.39 | |
|
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package. | |||||
Earnings drivers year-over-year for the second quarter of 2018 were positively influenced by effects of constructive regulatory outcomes and weather at our state regulated electric utilities, and increased contributions from Southern Power's renewables fleet. These impacts were partially offset by increases in depreciation and amortization, as well as operations and maintenance costs. Earnings for the second quarter 2018 were also significantly affected by an approximately $1.1 billion charge ($0.8 billion after-tax) related to Georgia Power's construction of Plant Vogtle Units 3 and 4.
"Southern Company's premier, state-regulated electric and gas franchise operations, along with our competitive generation subsidiary, Southern Power, continued to perform well during the second quarter," said Chairman, President and CEO Thomas A. Fanning. "This consistency in our core operations remains the cornerstone for delivering on our long-term financial objectives as we continue to build America's energy future."
Second quarter 2018 operating revenues were $5.63 billion, compared with $5.43 billion for the second quarter of 2017, an increase of 3.6 percent. For the six months ended June 30, 2018, operating revenues were $12.00 billion, compared with $11.20 billion for the corresponding period in 2017, an increase of 7.1 percent.
Southern Company's second quarter earnings slides with supplemental financial information, including its updated earnings guidance for 2018, are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 8 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries, as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline, as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning long-term financial objectives. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; the uncertainty surrounding the federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Southern Company and its subsidiaries; current and future litigation or regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies; variations in demand for electricity and natural gas, including those relating to weather, the general economy, population and business growth (and declines), the effects of energy conservation and efficiency measures and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of natural gas and other fuels; limits on pipeline capacity; transmission constraints; effects of inflation; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities, including Plant Vogtle Units 3 and 4 which includes components based on new technology that is just beginning initial operation in the global nuclear industry at scale, including changes in labor costs, availability, and productivity, challenges with management of contractors, subcontractors, or vendors, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission ("NRC") requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the Southern Company system's employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; a decision by more than 10 percent of the owners of Plant Vogtle Units 3 and 4 not to proceed with construction; litigation or other disputes related to the Kemper County energy facility; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, including the proposed dispositions of Gulf Power and Southern Power's plants located in Florida and the potential sale of a noncontrolling interest in Southern Power's wind facilities, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected and the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of physical attacks; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward‐looking information.
|
Southern Company | ||||||||||||||||
|
Financial Highlights | ||||||||||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
|
Three Months Ended June |
Year-to-Date June | |||||||||||||||
|
Net Income (Loss)–As Reported (See Notes) |
2018 |
2017 |
2018 |
2017 | ||||||||||||
|
Traditional Electric Operating Companies |
$ |
(48) |
$ |
(1,442) |
$ |
563 |
$ |
(1,010) |
||||||||
|
Southern Power |
22 |
82 |
143 |
151 |
||||||||||||
|
Southern Company Gas |
(31) |
49 |
248 |
288 |
||||||||||||
|
Total |
(57) |
(1,311) |
954 |
(571) |
||||||||||||
|
Parent Company and Other |
(97) |
(70) |
(170) |
(152) |
||||||||||||
|
Net Income (Loss)–As Reported |
$ |
(154) |
$ |
(1,381) |
$ |
784 |
$ |
(723) |
||||||||
|
Basic Earnings (Loss) Per Share1 |
$ |
(0.15) |
$ |
(1.38) |
$ |
0.77 |
$ |
(0.73) |
||||||||
|
Average Shares Outstanding (in millions) |
1,014 |
998 |
1,012 |
996 |
||||||||||||
|
End of Period Shares Outstanding (in millions) |
1,014 |
999 |
||||||||||||||
|
Non-GAAP Financial Measures |
Three Months Ended June |
Year-to-Date June | ||||||||||||||
|
Net Income–Excluding Items (See Notes) |
2018 |
2017 |
2018 |
2017 | ||||||||||||
|
Net Income (Loss)–As Reported |
$ |
(154) |
$ |
(1,381) |
$ |
784 |
$ |
(723) |
||||||||
|
Estimated Loss on Plants Under Construction2 |
1,060 |
3,012 |
1,105 |
3,120 |
||||||||||||
|
Tax Impact |
(270) |
(896) |
(281) |
(937) |
||||||||||||
|
Loss on Plant Scherer Unit 33 |
— |
— |
— |
33 |
||||||||||||
|
Tax Impact |
— |
— |
— |
(13) |
||||||||||||
|
Acquisition, Disposition, and Integration Impacts4 |
172 |
9 |
233 |
13 |
||||||||||||
|
Tax Impact |
4 |
(4) |
(1) |
(5) |
||||||||||||
|
Wholesale Gas Services5 |
32 |
28 |
(108) |
(86) |
||||||||||||
|
Tax Impact |
(11) |
(11) |
25 |
35 |
||||||||||||
|
Litigation Settlement6 |
(24) |
— |
(24) |
— |
||||||||||||
|
Tax Impact |
6 |
— |
6 |
— |
||||||||||||
|
Earnings Guidance Comparability Items: |
||||||||||||||||
|
Equity Return Related to Kemper IGCC Schedule Extension7 |
— |
(24) |
— |
(47) |
||||||||||||
|
Tax Impact |
— |
(5) |
— |
(9) |
||||||||||||
|
Adoption of Tax Reform8 |
— |
— |
(31) |
— |
||||||||||||
|
Net Income–Excluding Items |
$ |
815 |
$ |
728 |
$ |
1,708 |
$ |
1,381 |
||||||||
|
Basic Earnings Per Share–Excluding Items |
$ |
0.80 |
$ |
0.73 |
$ |
1.69 |
$ |
1.39 |
||||||||
|
-See Notes on the following page. | ||||||||||||||||
Southern Company
Financial Highlights
Notes
(1) For the three and six months ended June 30, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material.
(2) Earnings for the three and six months ended June 30, 2017 and for the six months ended June 30, 2018 include charges related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the three and six months ended June 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. All of these charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $25 million for Mississippi Power Company's Kemper IGCC are expected to occur during the remainder of 2018 and 2019. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
(3) Earnings for the six months ended June 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected.
(4) Earnings for the three and six months ended June 30, 2018 and 2017 include costs related to the acquisition and integration of Southern Company Gas and earnings for the three and six months ended June 30, 2018 include costs related to (a) the dispositions of Elizabethtown Gas, Elkton Gas, Pivotal Home Solutions, and Florida City Gas and (b) the pending dispositions of Gulf Power Company and Southern Power Company's ownership interests in Plants Oleander and Stanton. The costs associated with the Pivotal Home Solutions transaction include a goodwill impairment charge of $42 million in the first quarter 2018 and a net loss of $76 million, which included $40 million of income tax expense in the second quarter 2018. The costs associated with the Southern Power Company plants disposition include a pre-tax impairment charge of $119 million, partially offset by a reduction in depreciation as a result of ceasing depreciation upon meeting the held-for-sale accounting criteria. Further costs are expected to continue to occur prior to the expected closings of the pending dispositions in the first half of 2019; however, the amount of such expenditures is uncertain. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain.
(5) Earnings for the three and six months ended June 30, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments.
(6) Earnings for the three and six months ended June 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected.
(7) Earnings for the three and six months ended June 30, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017.
(8) Earnings for the six months ended June 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During this period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance.
|
Southern Company |
||||||||||||||||||||||||||||||||
|
Significant Factors Impacting EPS |
||||||||||||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June |
|||||||||||||||||||||||||||||||
|
2018 |
2017 |
Change |
2018 |
2017 |
Change |
|||||||||||||||||||||||||||
|
Earnings (Loss) Per Share– |
||||||||||||||||||||||||||||||||
|
As Reported1 (See Notes) |
$ |
(0.15) |
$ |
(1.38) |
$ |
1.23 |
$ |
0.77 |
$ |
(0.73) |
$ |
1.50 |
||||||||||||||||||||
|
Significant Factors: |
||||||||||||||||||||||||||||||||
|
Traditional Electric Operating Companies |
$ |
1.40 |
$ |
1.58 |
||||||||||||||||||||||||||||
|
Southern Power |
(0.06) |
(0.01) |
||||||||||||||||||||||||||||||
|
Southern Company Gas |
(0.08) |
(0.04) |
||||||||||||||||||||||||||||||
|
Parent Company and Other |
(0.03) |
(0.02) |
||||||||||||||||||||||||||||||
|
Increase in Shares |
— |
(0.01) |
||||||||||||||||||||||||||||||
|
Total–As Reported |
$ |
1.23 |
$ |
1.50 |
||||||||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June |
|||||||||||||||||||||||||||||||
|
Non-GAAP Financial Measures |
2018 |
2017 |
Change |
2018 |
2017 |
Change |
||||||||||||||||||||||||||
|
Earnings Per Share– |
||||||||||||||||||||||||||||||||
|
Excluding Items (See Notes) |
$ |
0.80 |
$ |
0.73 |
$ |
0.07 |
$ |
1.69 |
$ |
1.39 |
$ |
0.30 |
||||||||||||||||||||
|
Total–As Reported |
$ |
1.23 |
$ |
1.50 |
||||||||||||||||||||||||||||
|
Estimated Loss on Plants Under Construction2 |
(1.31) |
(1.32) |
||||||||||||||||||||||||||||||
|
Loss on Plant Scherer Unit 33 |
— |
(0.02) |
||||||||||||||||||||||||||||||
|
Acquisition, Disposition, and Integration Impacts4 |
0.17 |
0.22 |
||||||||||||||||||||||||||||||
|
Wholesale Gas Services5 |
— |
(0.03) |
||||||||||||||||||||||||||||||
|
Litigation Settlement6 |
(0.02) |
(0.02) |
||||||||||||||||||||||||||||||
|
Adoption of Tax Reform7 |
— |
(0.03) |
||||||||||||||||||||||||||||||
|
Total–Excluding Items |
$ |
0.07 |
$ |
0.30 |
||||||||||||||||||||||||||||
|
- See Notes on the following page. |
||||||||||||||||||||||||||||||||
Southern Company
Significant Factors Impacting EPS
Notes
(1) For the three and six months ended June 30, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material.
(2) Earnings for the three and six months ended June 30, 2017 and for the six months ended June 30, 2018 include charges related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the three and six months ended June 30, 2018 also include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. All of these charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $25 million for Mississippi Power Company's Kemper IGCC are expected to occur during the remainder of 2018 and 2019. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
Earnings for the three and six months ended June 30, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017.
(3) Earnings for the six months ended June 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected.
(4) Earnings for the three and six months ended June 30, 2018 and 2017 include costs related to the acquisition and integration of Southern Company Gas and earnings for the three and six months ended June 30, 2018 include costs related to (a) the dispositions of Elizabethtown Gas, Elkton Gas, Pivotal Home Solutions, and Florida City Gas and (b) the pending dispositions of Gulf Power Company and Southern Power Company's ownership interests in Plants Oleander and Stanton. The costs associated with the Pivotal Home Solutions transaction include a goodwill impairment charge of $42 million in the first quarter 2018 and a net loss of $76 million, which included $40 million of income tax expense in the second quarter 2018. The costs associated with the Southern Power Company plants disposition include a pre-tax impairment charge of $119 million, partially offset by a reduction in depreciation as a result of ceasing depreciation upon meeting the held-for-sale accounting criteria. Further costs are expected to continue to occur prior to the expected closings of the pending dispositions in the first half of 2019; however, the amount of such expenditures is uncertain. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain.
(5) Earnings for the three and six months ended June 30, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments.
(6) Earnings for the three and six months ended June 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected.
(7) Earnings for the six months ended June 30, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During this period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance.
|
Southern Company | |
|
Dollars |
Description |
|
$0.05 |
Weather |
|
0.01 |
Other Operating Revenues |
|
(0.02) |
Non-Fuel O&M |
|
0.01 |
Purchased Power Capacity Expense |
|
(0.02) |
Depreciation and Amortization |
|
0.01 |
Dividends on Preferred and Preference Stock |
|
0.05 |
Impacts of Tax Reform (Ongoing Basis), Net of Amounts to be Returned to Customers |
|
(0.01) |
Income Taxes, Excluding Tax Reform |
|
$0.08 |
Total Traditional Electric Operating Companies |
|
0.03 |
Southern Power |
|
0.01 |
Southern Company Gas |
|
(0.04) |
Parent and Other |
|
(0.01) |
Increase in Shares |
|
$0.07 |
Total Change in EPS (Excluding Items) |
|
1.31 |
Estimated Loss on Plants Under Construction1 |
|
(0.17) |
Acquisition, Disposition, and Integration Impacts2 |
|
0.02 |
Litigation Settlement3 |
|
$1.23 |
Total Change in EPS (As Reported) |
|
- See Notes on the following page. | |
Southern Company
EPS Earnings Analysis
Three Months Ended June 2018 vs. June 2017
Notes
(1) Earnings for the three months ended June 30, 2017 include charges related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC). Earnings for the three months ended June 30, 2018 include a $1.1 billion charge ($0.8 billion after tax) for an estimated probable loss on Georgia Power Company's construction of Plant Vogtle Units 3 and 4. All of these charges significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $25 million for Mississippi Power Company's Kemper IGCC are expected to occur during the remainder of 2018 and 2019. Further charges for Georgia Power Company's Plant Vogtle Units 3 and 4 may occur; however, the amount and timing of any such charges is uncertain.
Earnings for the three months ended June 30, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017.
(2) Earnings for the three months ended June 30, 2018 and 2017 include costs related to the acquisition and integration of Southern Company Gas and earnings for the three months ended June 30, 2018 include costs related to (a) the dispositions of Elizabethtown Gas, Elkton Gas, Pivotal Home Solutions, and Florida City Gas and (b) the pending dispositions of Gulf Power Company and Southern Power Company's ownership interests in Plants Oleander and Stanton. The costs associated with the Pivotal Home Solutions transaction include a net loss of $76 million, which included $40 million of income tax expense in the second quarter 2018. The costs associated with the Southern Power Company plants disposition include a pre-tax impairment charge of $119 million, partially offset by a reduction in depreciation as a result of ceasing depreciation upon meeting the held-for-sale accounting criteria. Further costs are expected to continue to occur prior to the expected closings of the pending dispositions in the first half of 2019; however, the amount of such expenditures is uncertain. Further costs are also expected to continue to occur in connection with the integration of Southern Company Gas; however, the amount and duration of such expenditures is uncertain.
(3) Earnings for the three months ended June 30, 2018 include the settlement proceeds of Mississippi Power Company's claim for lost revenue resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Further proceeds are not expected.
|
Southern Company |
|||||||||||||||||||||||||||||||||||||||||
|
Consolidated Earnings |
|||||||||||||||||||||||||||||||||||||||||
|
As Reported |
|||||||||||||||||||||||||||||||||||||||||
|
(In Millions of Dollars) |
|||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June |
||||||||||||||||||||||||||||||||||||||||
|
2018 |
2017 |
Change |
2018 |
2017 |
Change |
||||||||||||||||||||||||||||||||||||
|
Income Account- |
|||||||||||||||||||||||||||||||||||||||||
|
Retail Electric Revenues- |
|||||||||||||||||||||||||||||||||||||||||
|
Fuel |
$ |
1,022 |
$ |
1,016 |
$ |
6 |
$ |
2,049 |
$ |
1,944 |
$ |
105 |
|||||||||||||||||||||||||||||
|
Non-Fuel |
2,718 |
2,761 |
(43) |
5,259 |
5,227 |
32 |
|||||||||||||||||||||||||||||||||||
|
Wholesale Electric Revenues |
611 |
618 |
(7) |
1,230 |
1,149 |
81 |
|||||||||||||||||||||||||||||||||||
|
Other Electric Revenues |
175 |
167 |
8 |
339 |
342 |
(3) |
|||||||||||||||||||||||||||||||||||
|
Natural Gas Revenues |
706 |
684 |
22 |
2,314 |
2,214 |
100 |
|||||||||||||||||||||||||||||||||||
|
Other Revenues |
395 |
184 |
211 |
808 |
326 |
482 |
|||||||||||||||||||||||||||||||||||
|
Total Revenues |
5,627 |
5,430 |
197 |
11,999 |
11,202 |
797 |
|||||||||||||||||||||||||||||||||||
|
Fuel and Purchased Power |
1,339 |
1,303 |
36 |
2,707 |
2,478 |
229 |
|||||||||||||||||||||||||||||||||||
|
Cost of Natural Gas |
228 |
232 |
(4) |
949 |
951 |
(2) |
|||||||||||||||||||||||||||||||||||
|
Cost of Other Sales |
279 |
114 |
165 |
568 |
203 |
365 |
|||||||||||||||||||||||||||||||||||
|
Non-Fuel O & M |
1,559 |
1,356 |
203 |
3,008 |
2,740 |
268 |
|||||||||||||||||||||||||||||||||||
|
Depreciation and Amortization |
783 |
754 |
29 |
1,552 |
1,469 |
83 |
|||||||||||||||||||||||||||||||||||
|
Taxes Other Than Income Taxes |
316 |
308 |
8 |
671 |
638 |
33 |
|||||||||||||||||||||||||||||||||||
|
Estimated Loss on Plants Under Construction |
1,060 |
3,012 |
(1,952) |
1,105 |
3,120 |
(2,015) |
|||||||||||||||||||||||||||||||||||
|
Total Operating Expenses |
5,564 |
7,079 |
(1,515) |
10,560 |
11,599 |
(1,039) |
|||||||||||||||||||||||||||||||||||
|
Operating Income (Loss) |
63 |
(1,649) |
1,712 |
1,439 |
(397) |
1,836 |
|||||||||||||||||||||||||||||||||||
|
Allowance for Equity Funds Used During Construction |
32 |
58 |
(26) |
63 |
115 |
(52) |
|||||||||||||||||||||||||||||||||||
|
Earnings from Equity Method Investments |
31 |
28 |
3 |
72 |
67 |
5 |
|||||||||||||||||||||||||||||||||||
|
Interest Expense, Net of Amounts Capitalized |
470 |
424 |
46 |
928 |
840 |
88 |
|||||||||||||||||||||||||||||||||||
|
Other Income (Expense), net |
78 |
52 |
26 |
138 |
98 |
40 |
|||||||||||||||||||||||||||||||||||
|
Income Taxes (Benefit) |
(139) |
(587) |
448 |
(25) |
(273) |
248 |
|||||||||||||||||||||||||||||||||||
|
Net Income (Loss) |
(127) |
(1,348) |
1,221 |
809 |
(684) |
1,493 |
|||||||||||||||||||||||||||||||||||
|
Less: |
|||||||||||||||||||||||||||||||||||||||||
|
Dividends on Preferred and Preference Stock |
4 |
11 |
(7) |
8 |
22 |
(14) |
|||||||||||||||||||||||||||||||||||
|
Net Income Attributable to Noncontrolling |
23 |
22 |
1 |
17 |
17 |
— |
|||||||||||||||||||||||||||||||||||
|
NET INCOME (LOSS) ATTRIBUTABLE |
$ |
(154) |
$ |
(1,381) |
$ |
1,227 |
$ |
784 |
$ |
(723) |
$ |
1,507 |
|||||||||||||||||||||||||||||
|
Notes |
|||||||||||||||||||||||||||||||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. |
|||||||||||||||||||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||||
|
Kilowatt-Hour Sales and Customers | ||||||||||||||||||||||||
|
(In Millions of KWHs) | ||||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June | |||||||||||||||||||||||
|
As Reported |
2018 |
2017 |
Change |
Weather |
2018 |
2017 |
Change |
Weather | ||||||||||||||||
|
Kilowatt-Hour Sales- |
||||||||||||||||||||||||
|
Total Sales |
52,260 |
51,152 |
2.2 |
% |
103,104 |
97,350 |
5.9 |
% |
||||||||||||||||
|
Total Retail Sales- |
39,624 |
38,849 |
2.0 |
% |
0.1 |
% |
78,014 |
74,353 |
4.9 |
% |
0.8 |
% | ||||||||||||
|
Residential |
12,691 |
12,087 |
5.0 |
% |
— |
% |
25,657 |
23,003 |
11.5 |
% |
0.6 |
% | ||||||||||||
|
Commercial |
13,373 |
13,271 |
0.8 |
% |
(0.2) |
% |
25,660 |
25,038 |
2.5 |
% |
0.5 |
% | ||||||||||||
|
Industrial |
13,363 |
13,280 |
0.6 |
% |
0.6 |
% |
26,295 |
25,886 |
1.6 |
% |
1.6 |
% | ||||||||||||
|
Other |
197 |
211 |
(6.9) |
% |
(6.8) |
% |
402 |
426 |
(5.6) |
% |
(5.8) |
% | ||||||||||||
|
Total Wholesale Sales |
12,636 |
12,303 |
2.7 |
% |
N/A |
25,090 |
22,997 |
9.1 |
% |
N/A | ||||||||||||||
|
(In Thousands of Customers) | ||||||||||||||||||||||||
|
Period Ended June |
||||||||||||||||||||||||
|
2018 |
2017 |
Change |
||||||||||||||||||||||
|
Regulated Utility Customers- |
||||||||||||||||||||||||
|
Total Utility Customers- |
9,276 |
9,194 |
0.9 |
% |
||||||||||||||||||||
|
Total Traditional Electric |
4,667 |
4,621 |
1.0 |
% |
||||||||||||||||||||
|
Southern Company Gas1 |
4,609 |
4,573 |
0.8 |
% |
||||||||||||||||||||
|
Notes |
||||||||||||||||||||||||
|
(1) Includes total customers of approximately 407,000 and 403,000 customers at June 30, 2018 and 2017, | ||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||
|
Financial Overview | ||||||||||||||||||||||
|
As Reported | ||||||||||||||||||||||
|
(In Millions of Dollars) | ||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June | |||||||||||||||||||||
|
2018 |
2017 |
% Change |
2018 |
2017 |
% Change | |||||||||||||||||
|
Southern Company – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
5,627 |
$ |
5,430 |
3.6 |
% |
$ |
11,999 |
$ |
11,202 |
7.1 |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
(266) |
(1,935) |
N/M |
784 |
(957) |
N/M | ||||||||||||||||
|
Net Income (Loss) Available to Common |
(154) |
(1,381) |
N/M |
784 |
(723) |
N/M | ||||||||||||||||
|
Alabama Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
1,503 |
$ |
1,484 |
1.3 |
% |
$ |
2,976 |
$ |
2,866 |
3.8 |
% | ||||||||||
|
Earnings Before Income Taxes |
326 |
386 |
(15.5) |
% |
636 |
689 |
(7.7) |
% | ||||||||||||||
|
Net Income Available to Common |
259 |
230 |
12.6 |
% |
484 |
403 |
20.1 |
% | ||||||||||||||
|
Georgia Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
2,048 |
$ |
2,048 |
— |
% |
$ |
4,008 |
$ |
3,880 |
3.3 |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
(539) |
551 |
N/M |
(94) |
971 |
N/M | ||||||||||||||||
|
Net Income (Loss) Available to Common |
(396) |
347 |
N/M |
(44) |
607 |
N/M | ||||||||||||||||
|
Gulf Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
344 |
$ |
357 |
(3.6) |
% |
$ |
692 |
$ |
707 |
(2.1) |
% | ||||||||||
|
Earnings Before Income Taxes |
31 |
61 |
(49.2) |
% |
87 |
95 |
(8.4) |
% | ||||||||||||||
|
Net Income Available to Common |
42 |
35 |
20.0 |
% |
84 |
53 |
58.5 |
% | ||||||||||||||
|
Mississippi Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
297 |
$ |
303 |
(2.0) |
% |
$ |
598 |
$ |
575 |
4.0 |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
60 |
(2,934) |
N/M |
49 |
(2,981) |
N/M | ||||||||||||||||
|
Net Income (Loss) Available to Common |
46 |
(2,054) |
N/M |
39 |
(2,074) |
N/M | ||||||||||||||||
|
Southern Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
555 |
$ |
529 |
4.9 |
% |
$ |
1,064 |
$ |
979 |
8.7 |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
(28) |
66 |
(142.4) |
% |
(12) |
78 |
(115.4) |
% | ||||||||||||||
|
Net Income Available to Common |
22 |
82 |
(73.2) |
% |
143 |
151 |
(5.3) |
% | ||||||||||||||
|
Southern Company Gas – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
730 |
$ |
716 |
2.0 |
% |
$ |
2,369 |
$ |
2,276 |
4.1 |
% | ||||||||||
|
Earnings Before Income Taxes |
24 |
80 |
(70.0) |
% |
407 |
468 |
(13.0) |
% | ||||||||||||||
|
Net Income (Loss) Available to Common |
(31) |
49 |
N/M |
248 |
288 |
(13.9) |
% | |||||||||||||||
|
N/M - not meaningful |
||||||||||||||||||||||
|
Notes |
||||||||||||||||||||||
|
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | ||||||||||||||||||||||
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-reports-second-quarter-2018-results-300693855.html
SOURCE Southern Company
Article Date
8/8/2018Cactus Flats Wind Facility in Texas is operational
Source: PR Newswire
ATLANTA, Aug. 3, 2018 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that the 148-megawatt (MW) Cactus Flats Wind Facility in Concho County, Texas is operational.
"Cactus Flats highlights Southern Power's ongoing commitment to the development of wind energy, and we are pleased to see this project achieve commercial operation," said Southern Power President and CEO Mark Lantrip. "We look forward to supporting our customers' sustainability efforts through the delivery of clean, safe, reliable and affordable wholesale energy."
The electricity and associated renewable energy credits (RECs) generated by the facility are being sold under two separate power purchase agreements with General Mills and General Motors. Both companies have the option to keep or sell the associated RECs.
"Investing in Texas wind energy is key to our goal of meeting or matching 100 percent of our global electricity needs with renewable energy by 2050," said General Motors Global Manager for Renewable Energy Rob Threlkeld. "The 50 MW will meet the electricity needs of 16 of our U.S. facilities, including business offices in Fort Worth and Austin, and the Arlington Assembly complex in Texas."
"As we are seeing an increase in renewable energy adoption in the U.S., we saw an opportunity for our commerce to support and enable the greening of the grid," said General Mills EVP and Chief Supply Chain Officer John Church. "We see the potential for wind energy to have a positive environmental impact. Cactus Flats is one of many initiatives we have underway to get us closer to reaching our climate commitment."
Cactus Flats consists of 43 wind turbines manufactured by Vestas, which is jointly maintaining and operating the facility with Southern Power. Southern Power is also performing the balance of plant operations of the facility.
Southern Power acquired the facility in July 2017 from Renewable Energy Systems Americas Inc. (RES) and oversaw all construction activity on site. RES served as the developer and constructor of the site, which created 250 peak construction jobs.
This project aligns with Southern Power's business strategy of acquiring and developing projects covered by long-term contracts with counterparties with strong credit support.
Cactus Flats is Southern Power's fifth wind project in the state of Texas. The company's wind portfolio consists of more than 1,600 MW and is a part of the company's 3,000-MW renewable fleet, which consists of 39 solar, wind and biomass facilities operating or under construction.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 49 facilities operating or under development in 11 states with more than 12,300 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/cactus-flats-wind-facility-in-texas-is-operational-300691542.html
SOURCE Southern Power
Article Date
8/3/2018Southern Company advances timing of second-quarter earnings release on August 8
Source: PR Newswire
ATLANTA, Aug. 1, 2018 /PRNewswire/ -- Southern Company now plans to release its earnings for the second quarter of 2018 by 7 a.m. EDT on Wednesday, Aug. 8. This is revised from a previously-announced time of 7:30 a.m. EDT.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. EDT on Wednesday, Aug. 8. This is revised from the previously-announced time of 1 p.m. EDT.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-advances-timing-of-second-quarter-earnings-release-on-august-8-300690599.html
SOURCE Southern Company
Article Date
8/1/2018Georgia Power taps new mobile technology to help neighbors in need
Source: PR Newswire
ATLANTA, Aug. 1, 2018 /PRNewswire/ -- Georgia Power is tapping new mobile technology from Purposity to empower employees and propel a social evolution of the company's 130-year commitment to Georgia communities. With Purposity, 7,000 employees now have access to the charitable giving platform which makes it easy to find and help a neighbor in need via mobile device, then share how they helped on social media. The digital tool complements the company's other longstanding employee citizenship options including the Georgia Power Club of Hearts, an employee-giving program, and in-person volunteer service through organizations such as the Citizens of Georgia Power.
To launch the new program, Georgia Power is hosting a statewide backpack drive to benefit local Georgia schools. Employees across the company are using the Purposity platform to purchase backpacks for local students, which will be packed with school supplies and be delivered to start the 2018-2019 school year. Local districts benefiting from the program include Atlanta Public Schools; the Bibb County School System; the Brantley County School System; Richmond County Schools; the Lowndes County School District and the Valdosta City School District.
"Our longstanding mission to be A Citizen Wherever We Serve has evolved and grown for more than century to now include more than 100,000 volunteer service hours from our employees each year and impactful corporate partnerships with leading non-profit organizations," said Chris D'Andrea, volunteer services manager for Georgia Power. "Purposity represents the next phase of our multifaceted charitable giving and community strategy, empowering our employees to give locally to causes that mean the most to them and amplify that impact on social media."
Purposity brings local needs right to users' mobile phones via a weekly text featuring a need from a verified non-profit organization. The platform is based on a simple premise – if you knew your neighbor was in need, you'd help them. Every story is submitted by someone working directly with the person in need and highlights a physical item that can assist that individual. It takes less than two minutes to meet a need and purchased items can typically be delivered to the recipient in two days. Learn more at www.purposity.com.
For more than 130 years, Georgia Power has been dedicated to giving back to Georgia communities. In 2017, Georgia Power's total community impact including more than $21 million total invested by the company, The Georgia Power Foundation, Inc. and employees in Georgia communities and non-profit organizations throughout the year. Last year alone, 6,000 Georgia Power employees and retirees, including donated their time to help their neighbors and improve the quality of life in their communities by completing more than 147,000 volunteer hours.
To learn more about Georgia Power's commitment to communities across the state, visit www.GeorgiaPower.com/Community. To keep up with Georgia Power's active volunteer and giving efforts every day, follow the company on Twitter @GeorgiaPower and #GaPowerfulService.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-taps-new-mobile-technology-to-help-neighbors-in-need-300690317.html
SOURCE Georgia Power
Article Date
8/1/2018NextEra Energy completes acquisition of Florida City Gas from Southern Company
Source: PR Newswire
JUNO BEACH, Fla., July 29, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced it has completed its previously announced acquisition of Florida City Gas from Southern Company (NYSE: SO).
"We are pleased to complete this transaction and welcome the Florida City Gas employees to the NextEra Energy family," said Jim Robo, chairman and chief executive officer of NextEra Energy. "Through our long-term strategy of enhancing productivity, expanding clean energy and making smart infrastructure investments, we will be able to extend our best-in-class value proposition of affordability, reliability and customer service to Florida City Gas customers."
Florida City Gas serves approximately 110,000 residential and commercial natural-gas customers in Florida's Miami-Dade, Brevard, St. Lucie and Indian River counties with 3,700 miles of natural gas pipelines.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.2 billion, operates approximately 46,790 megawatts of net generating capacity and employs approximately 14,000 people in 33 states and Canada as of year-end 2017. Headquartered in Juno Beach, Florida, NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune's 2018 list of "World's Most Admired Companies." For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com
View original content with multimedia:http://www.prnewswire.com/news-releases/nextera-energy-completes-acquisition-of-florida-city-gas-from-southern-company-300688313.html
SOURCE NextEra Energy, Inc.
Article Date
7/30/20187/25/2018 - Mississippi Power announces quarterly dividend
Mississippi Power announces quarterly dividend
Source: PR Newswire
GULFPORT, Miss., July 25, 2018 /PRNewswire/ -- Mississippi Power today announced a regular quarterly dividend on the company's outstanding preferred stock as follows:
This dividend is for the quarter ending September 30, 2018, payable October 1, 2018, to shareholders of record on September 15, 2018.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. With nearly 160 megawatts of approved solar energy capacity, Mississippi Power is the largest partner in providing renewable energy in the state of Mississippi. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
View original content with multimedia:http://www.prnewswire.com/news-releases/mississippi-power-announces-quarterly-dividend-300686115.html
SOURCE Mississippi Power
Article Date
7/25/20187/16/2018 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, July 16, 2018 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 60 cents per share on the company's common stock, payable on September 6, 2018 to stockholders of record on August 20, 2018. This marks 283 consecutive quarters – more than 70 years – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-announces-quarterly-dividend-300681574.html
SOURCE Southern Company
Article Date
7/16/2018Southern Company second-quarter earnings to be released August 8
Source: PR Newswire
ATLANTA, July 12, 2018 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2018 by 7:30 a.m. EDT on Wednesday, August 8.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, August 8.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-second-quarter-earnings-to-be-released-august-8-300679997.html
SOURCE Southern Company
Article Date
7/12/2018Georgia Power customers to receive second $25 Vogtle credit on July bills
Source: PR Newswire
ATLANTA, July 9, 2018 /PRNewswire/ -- Georgia Power customers will receive the second of three separate $25 credits for the Vogtle nuclear expansion this month. A total of $75 in 2018 bill credits, or $188 million overall, were approved by the Georgia Public Service Commission (PSC) as part of its order to continue construction of Vogtle 3 & 4 in December 2017. The third and final $25 credit is expected to be issued in September. The credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
Customers also continue to save money throughout 2018 under the company's updated 2018 Nuclear Construction Cost Recovery (NCCR) tariff. The tariff allows the company to collect financing costs for the Vogtle expansion every month, a structure which saves customers hundreds of millions of dollars by reducing financing and borrowing costs, while also phasing the new units into rates over time helping to avoid "rate shock" once the new units come online. As a result of the Toshiba parent guarantee payments and changes in federal tax law this year, customers will pay $139 million less than expected in 2018 for the Vogtle project with the typical residential customer using 1,000 kilowatt-hours per month paying $1 less each month than they did in 2017.
To learn more about Georgia Power's commitment to safe, clean, reliable and affordable energy, including the Vogtle 3 & 4 nuclear expansion, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected bill credits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-customers-to-receive-second-25-vogtle-credit-on-july-bills-300677785.html
SOURCE Georgia Power
Article Date
7/9/2018Southern Power acquires Wildhorse Mountain Wind Facility
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 29, 2018 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its tenth wind project – the 100-megawatt (MW) Wildhorse Mountain Wind Facility, located in Pushmataha County, OK.
Roaring Fork Wind, a co-development partnership between Renewable Energy Systems Americas Inc. (RES) and Vestas, developed the project. Once operational, all electric energy, capacity and other attributes generated by the facility will be sold under a 20-year power purchase agreement to Arkansas Electric Cooperative Corporation (AECC).
"We are proud to announce our tenth wind project as we continue to build the future of energy," said Southern Power President and CEO Mark Lantrip. "Wildhorse Mountain is a great project for Southern Power's growing footprint and a shining example of our collaborative partnership with RES. Our long-time partner Vestas was also a key player in delivering on this project. We look forward to its completion and operation."
The project is expected to consist of 29 Vestas wind turbines. RES will provide the balance of plant construction of the facility, and Vestas will provide long-term maintenance of the turbines through a 20-year service agreement.
Wildhorse Mountain is expected to achieve commercial operation in the fourth quarter of 2019. AECC intends to sell the renewable energy credits associated with the electricity produced by Wildhorse Mountain. AECC does not claim that the electricity to be sold from this resource to its member cooperatives and others is "green," "renewable," "clean" or has any other environmental attribute.
"AECC works on behalf of more than 500,000 electric cooperative members to add resources, like the 100 megawatts of capacity from Wildhorse Mountain Wind Facility, to its generation portfolio," said Duane Highley, president and CEO of AECC. "This wind facility along with AECC's diverse, reliable generation portfolio provides energy at the lowest possible cost to our members."
Wildhorse Mountain is Southern Power's fourth wind project within the state of Oklahoma. With this addition, Southern Power's wind portfolio consists of more than 1,600 MW of wind generation. Southern Power's wind facilities are part of the company's 3,000-MW renewable fleet, which consists of 39 solar, wind and biomass facilities operating or under construction.
This project aligns with Southern Power's overall business strategy of strengthening its wholesale business by acquiring and developing generating assets that are covered by long-term contracts with counterparties with strong credit support.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 49 facilities operating or under development in 11 states with more than 12,300 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Wildhorse Mountain Wind Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Power
Article Date
5/29/2018Georgia Power kicks off summer with new water safety PSA
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 25, 2018 /PRNewswire/ -- Georgia Power released a new public service announcement (PSA) highlighting water safety as the Memorial Day weekend marks the start of summer boating season. Drowning is the second leading cause of accidental death for children 1 to 4 years of age, according to the Georgia Department of Public Health and SPLASH, a longstanding Georgia Department of Natural Resources initiative supported by Georgia Power, aims to greatly reduce the number of these deaths and injuries.
SPLASH encourages citizens to follow these tips when enjoying beaches, pools, lakes, rivers and other bodies of water:
Georgia Power, the largest non-governmental provider of recreation facilities in Georgia, provides recreational opportunities yearround for the public at more than 40 sites across the state. The company owns and operates 15 lake properties across the state for power generation and resident recreation, and makes it easy to find a Georgia Power lake near year by visiting www.GeorgiaPowerLakes.com. In addition to detailed information about all of the Georgia Power properties, including facilities and amenities, local attractions and water safety information, the site allows visitors to check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
About Georgia Power
Georgia Power, the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
5/25/20185/23/2018 - Avoid scams with simple tips from Georgia Power
Avoid scams with simple tips from Georgia Power
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 23, 2018 /PRNewswire/ -- Georgia Power is experiencing an increase in customer reports of scams by criminals posing as Georgia Power employees. Criminals target both residential and business Georgia Power customers and are known to attempt a variety of scams in person, over the phone and online, including social media. Scams often threaten disconnection unless immediate payment is made via phone or in person.
Reminders from Georgia Power to avoid common scams:
Georgia Power works every day to not only keep customers' personal information secure, but also to help inform and educate customers about common scams and fraud. The company recently produced a public service announcement (PSA) featuring these simple tips and makes the PSA available for free to media. The PSA is available in English and Spanish and can also be viewed on the company's YouTube channel.
Georgia Power works with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scam.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/23/2018Southern Power enters into an agreement to sell a minority interest in solar portfolio
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 23, 2018 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered into an agreement to sell a 33 percent minority interest in its solar portfolio to Global Atlantic Financial Group Limited for a purchase price of $1.175 billion.
The portfolio of projects involved in this transaction is comprised of 26 operating solar facilities representing approximately 1.7 gigawatts of capacity. The energy from these facilities is sold under long-term contracts with valued customers across the country.
"We are excited about our new partnership with Global Atlantic," said Southern Power President and CEO Mark Lantrip. "Our partnership has strong strategic alignment, as we are both focused on delivering long-term value to our customers and stakeholders. We look forward to working alongside Global Atlantic as we continue our work to provide clean, safe, reliable and affordable wholesale energy to our customers across the U.S."
Southern Power, through its subsidiaries, will act as the general partner in the partnership and will maintain overall operational responsibilities for the projects.
Citigroup Global Markets Inc. is serving as the financial advisor and Jones Day is serving as legal counsel to Southern Power. Troutman Sanders acted as supporting counsel for this transaction. Vinson & Elkins is serving as legal counsel to Global Atlantic Financial Group.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 48 facilities operating or under development in 11 states with more than 12,200 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
About Global Atlantic Financial Group Limited
Global Atlantic Financial Group Limited, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management capabilities, alongside a strong financial foundation of over $60 billion in assets as of March 31, 2018.
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SOURCE Southern Power
Article Date
5/23/2018Georgia Power Company announces pricing of upsized cash tender offers
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 21, 2018 /PRNewswire/ -- Georgia Power Company today announced the pricing of the previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") to purchase a portion of its outstanding Series 2007A 5.65% Senior Notes due 2037 (the "Series 2007A Notes"), its Series 2009A 5.95% Senior Notes due 2039 (the "Series 2009A Notes"), its Series 2010B 5.40% Senior Notes due 2040 (the "Series 2010B Notes"), its Series 2010C 4.75% Senior Notes due 2040 (the "Series 2010C Notes") and its Series N 5.750% Senior Notes due 2023 (the "Series N Notes" and, together with the Series 2007A Notes, the Series 2009A Notes, the Series 2010B Notes and the Series 2010C Notes, the "Notes"). Except as described in Georgia Power's prior press release dated the date hereof announcing the early tender results of the Offers and increasing the "Aggregate Maximum Purchase Price" to an amount (excluding accrued and unpaid interest and excluding fees and expenses) sufficient to allow the purchase of $749,913,000 in aggregate principal amount (representing all of the Notes tendered in Acceptance Priority Levels 1, 2 and 3 on or before the Early Tender Deadline (as defined below)), the terms and conditions of the Offers set forth in Georgia Power's Offer to Purchase, dated May 7, 2018 (the "Offer to Purchase") remain unchanged.
The applicable total consideration to be paid for each $1,000 principal amount of Notes of each series validly tendered and not validly withdrawn prior to or at 5:00 p.m., New York City time, on May 18, 2018 (the "Early Tender Deadline") and accepted for purchase by Georgia Power is set forth in the column entitled "Total Consideration" in the table below (the "Total Consideration").
|
Notes |
CUSIP |
Principal |
Principal |
Principal Accepted (2) |
Acceptance Level |
Reference |
Fixed Spread (bps) |
Total |
|
Series 2007A |
373334GC9 |
$250,000,000 |
$88,618,000 |
$88,618,000 |
1 |
2.75% due |
+100 |
$1,186.10 |
|
Series 2009A |
373334JN2 |
$500,000,000 |
$326,193,000 |
$326,193,000 |
2 |
2.75% due |
+100 |
$1,239.33 |
|
Series 2010B |
373334JR3 |
$600,000,000 |
$335,102,000 |
$335,102,000 |
3 |
2.75% due |
+100 |
$1,170.37 |
|
Series 2010C |
373334JS1 |
$500,000,000 |
$320,791,000 |
- |
4 |
2.75% due |
+100 |
-(4) |
|
Series N 2023 |
373334FS5 |
$100,000,000 |
$18,818,000 |
- |
5 |
2.75% due |
+65 |
-(4) |
|
(1) As of the Early Tender Deadline, as reported by Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Offers. | ||||||
|
(2) Subject to the terms and conditions of the Offers and application of the Aggregate Maximum Purchase Price and Acceptance Priority Levels. | ||||||
|
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and accepted for purchase in the applicable Offer. | ||||||
|
(4) As a result of the application of the Aggregate Maximum Purchase Price, Notes from this series will not be accepted for purchase. | ||||||
The applicable Total Consideration for each series of Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline was determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such series of Notes set forth in the column entitled "Fixed Spread" in the table above, over the applicable yield based on the bid side price of the U.S. Treasury Security set forth for such series of Notes in the column entitled "Reference Security" in the table above, as calculated by the Dealer Managers (as defined below) at 11:00 a.m., New York City time, on May 21, 2018. The Total Consideration includes an early tender premium of $50 per $1,000 in aggregate principal amount of Notes accepted for purchase in the Offers (the "Early Tender Premium"). The aggregate purchase price for the Notes accepted for purchase will include accrued and unpaid interest, if any, from the last interest payment date for the applicable series of Notes up to, but not including, the Early Settlement Date (as defined below).
The aggregate purchase price (excluding accrued and unpaid interest) to Georgia Power for the purchase of the Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and accepted for purchase in the Offers is $901,563,908.23.
The settlement date for the Notes validly tendered on or before the Early Tender Deadline and accepted for purchase (the "Early Settlement Date") is expected to be May 22, 2018, the second business day after the Early Tender Deadline.
The deadline for Holders to validly withdraw tenders of Notes has passed. Accordingly, Notes that were already tendered at or before the Early Tender Deadline may not be withdrawn or revoked, except as required by applicable law.
Each Offer will expire at 11:59 p.m., New York City time, on June 4, 2018, unless extended or earlier terminated (the "Expiration Date").
As provided in the Offer to Purchase, Notes validly tendered after the Early Tender Deadline and accepted for purchase will be entitled to the "Tender Offer Consideration" which is equal to the Total Consideration minus the Early Tender Premium. However, unless Georgia Power further increases the Aggregate Maximum Purchase Price prior the Expiration Date, no Notes tendered after the Early Tender Deadline will be accepted for purchase in the Offers. Georgia Power does not intend to increase the Aggregate Maximum Purchase Price.
Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company and otherwise returned in accordance with the Offer to Purchase.
Georgia Power's obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by Georgia Power of a number of conditions as described in the Offer to Purchase. Georgia Power may amend, extend or, subject to certain conditions and applicable law, terminate each Offer at any time in its sole discretion.
J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and UBS Securities LLC have acted as Dealer Managers (the "Dealer Managers") and Global Bondholder Services Corporation has acted as the Tender Agent and Information Agent for the Offers. Requests for documents may be directed to Global Bondholder Services Corporation at (866) 470-4200 (toll free), (212) 430-3774 (banks and brokers) or contact@gbsc-usa.com. Questions regarding the Offers may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect); MUFG Securities Americas Inc. at (877) 744-4532 (toll free) or (212) 405-7481 (collect); or UBS Securities LLC at (888) 719-4210 (toll free) or (203) 719-4210.
This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities. The Offers to purchase the Notes are only being made pursuant to the terms of the Offer to Purchase. The Offers are not being made in any state or jurisdiction in which such Offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. None of Georgia Power, the Dealer Managers or the Tender Agent and Information Agent is making any recommendation as to whether or not Holders should tender their Notes in connection with the Offers.
Cautionary Statements and Risk Factors That May Affect Future Results
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion of the Offers and the timing thereof. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in the Offer to Purchase and Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the risk that the Offers are not completed or are completed on different terms than expected. Georgia Power expressly disclaims any obligation to update any forward-looking information.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power Company
Article Date
5/21/2018Southern Company Announces Sale of Certain Florida Assets to NextEra Energy
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 21, 2018 /PRNewswire/ -- Southern Company today announced that it has entered into agreements to sell Gulf Power Company, Florida City Gas and the entities holding Southern Power's interests in Plant Oleander and Plant Stanton to NextEra Energy for an aggregate purchase price of approximately $6.475 billion. Net of debt, this reflects an equity value of approximately $5.075 billion.
"This sale provides Southern Company the opportunity to deliver great value to our organization, bolster our financial profile and continue to build the future of energy as one of America's premier energy companies," said Thomas A. Fanning, chairman, president and CEO of Southern Company. "These Florida businesses are being sold at a price that provides substantial value to our stockholders, while entrusting the customers of these exceptional franchises to a high-quality utility company that has a well-established presence in the state."
The transactions are designed to allow Gulf Power and Florida City Gas to continue their customer-focused business models and strong commitments to safety, reliability, customer service and community engagement.
Proceeds from these transactions are intended to be used to reduce debt and improve Southern Company's balance sheet. Southern Company's goal remains to simultaneously provide benefits to customers, preserve solid credit metrics and improve the contribution of its state-regulated utilities to its value proposition. The opportunity to fund the business without raising significant additional capital makes the value proposition of these transactions even stronger.
Completion of each of these transactions is conditioned upon, among other things, the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Gulf Power and Plant Oleander and Plant Stanton transactions also will require approval by the Federal Energy Regulatory Commission and the Federal Communications Commission. The target completion for the sales of Gulf Power and Southern Power's interests in Plant Stanton and Plant Oleander is the first half of 2019. The Florida City Gas transaction's target completion is third quarter 2018.
Southern Company will host a financial analyst call to discuss this announcement at 9:45 a.m. Eastern Time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss the transaction. Investors, media and the public may listen to a live webcast of the call and view associated slides that were posted this morning at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
Headquartered in Juno Beach, Florida, NextEra (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.2 billion, that operates approximately 46,790 megawatts of net generating capacity and employs approximately 14,000 people in 33 states and Canada as of year-end 2017. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
Advisors
Citigroup Global Markets Inc. is serving as the exclusive financial advisor and Jones Day, Troutman Sanders LLP and Gibson Dunn & Crutcher LLP are serving as legal counsel to Southern Company.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of completion and financial and other benefits of the transactions described herein. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of one or more of the transactions may not be satisfied; the inability to achieve the expected financial benefits of the proceeds generated by the transactions; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's reports filed with the Securities and Exchange Commission. There can be no assurance that any of the transactions will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1A. in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017. Southern Company cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transactions or other matters attributable to Southern Company or any other person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Southern Company undertakes no obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
5/21/2018NextEra Energy reaches definitive agreements to acquire Gulf Power, Florida City Gas and additional assets from Southern Company
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
JUNO BEACH, Fla., May 21, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced it has entered into definitive agreements with Southern Company (NYSE: SO) to acquire Gulf Power, Florida City Gas and its ownership interests in the Oleander and Stanton natural-gas generating plants located in Florida in transactions valued at approximately $6.475 billion, including the assumption of approximately $1.4 billion of Gulf Power debt. The companies are expected to benefit from NextEra Energy's industry-leading operating capabilities, with an intense focus on continuous improvement and a culture of innovation.
"We are pleased to have reached definitive agreements with Southern Company to acquire Gulf Power and Florida City Gas, along with Southern Company's Oleander and Stanton facilities," said Jim Robo, chairman and chief executive officer of NextEra Energy. "These transactions will provide meaningful benefits for the state of Florida, and Gulf Power and Florida City Gas customers, as well as NextEra Energy shareholders. Importantly, these transactions are consistent with our long-standing, disciplined approach of maintaining the strength of our balance sheet and credit ratings, both of which are among the strongest in the industry. Following the financing of the transactions and as a result of expanding our regulated operations, we expect to continue to maintain $5 billion to $7 billion of excess balance sheet capacity with which to further support our long-term growth. We are raising our 2020 and 2021 adjusted earnings per share expectations by $0.15 and $0.20, respectively, upon closing and will be disappointed if we are not able to deliver financial results at or near the top end of these revised ranges. We look forward to updating the Florida Public Service Commission and other key stakeholders in the state and believe our deep operating expertise in Florida, strong financial profile and track record of and commitment to making smart, long-term capital investments offer uniquely compelling advantages for Gulf Power and Florida City Gas customers."
Delivering benefits to Gulf Power and Florida City Gas customers
As one of the nation's largest and cleanest electric companies, Florida Power & Light Company (FPL) serves nearly five million customer accounts or an estimated 10 million people across nearly half of the state of Florida. FPL's typical residential customer bill is approximately 20 percent below the other Florida investor-owned utilities and nearly 30 percent below the national average. In 2017, FPL delivered its best-ever full-year period of service reliability and was recognized as being the most reliable electric utility in the Southeast. FPL also has a proven track record of making smart investments in modernizing its power generation fleet and strengthening its energy grid. NextEra Energy's culture of continuous improvement and focus on smart investments that reduce operations and maintenance (O&M) expenses has helped drive significant productivity enhancements, which has resulted in FPL's industry-leading cost position. For the past four years, FPL has had the lowest non-fuel O&M cost per kilowatt-hour in the country.
NextEra Energy expects to employ its long-term strategy of advancing affordable, reliable and clean energy and making smart infrastructure investments at Gulf Power and Florida City Gas. By deploying its industry-leading skills, knowledge and capabilities, NextEra Energy expects to extend over time its best-in-class value proposition of low bills, clean energy, high reliability and outstanding customer service to the approximately 600,000 total customers of Gulf Power and Florida City Gas.
Delivering benefits to NextEra Energy shareholders
NextEra Energy expects the transactions to be immediately accretive to earnings upon closing and $0.15 and $0.20 accretive to its 2020 and 2021 adjusted earnings per share (EPS) expectations, respectively. As a result, upon closing of the transactions, NextEra Energy expects its 2020 adjusted EPS expectations to be in a range of $8.70 to $9.20 and its 2021 adjusted EPS expectations to be in a range of $9.40 to $9.95.
NextEra Energy intends to finance the approximately $5.1 billion purchase price through the issuance of new debt. NextEra Energy has reviewed the transactions with the credit rating agencies and, based upon these discussions, following the financing of the transactions and as a result of the expansion of the company's regulated operations, NextEra Energy is expected to continue to maintain $5 billion to $7 billion of excess balance sheet capacity, while maintaining its current strong credit ratings.
With the addition of Gulf Power, Florida City Gas and the two Florida-based, natural-gas plants, NextEra Energy will be even better positioned to generate long-term shareholder value through a more robust financial profile, greater scale and an expanded platform for growth.
Transaction details, approvals and timeline
Through the transactions, NextEra Energy will acquire:
The acquisitions of Gulf Power and the ownership interests in the Oleander and Stanton generating plants are subject to receipt of approval from the Federal Energy Regulatory Commission and the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. The Florida City Gas acquisition is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Act and is conditioned on the consummation of Southern Company's previously announced dispositions of the Elizabethtown Gas and Elkton Gas divisions of Southern Company Gas. Pending receipt of required approvals and other customary conditions and approvals, NextEra Energy expects to complete the acquisition of Florida City Gas in the third quarter of this year, with the Gulf Power and natural-gas generating plant acquisitions anticipated to close in the first half of 2019.
NextEra Energy's management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, analysis of performance, reporting of results to the board of directors and as an input in determining performance-based compensation under the company's employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its financial results and earnings outlook to analysts and investors. NextEra Energy's management believes that adjusted earnings provide a more meaningful representation of NextEra Energy's fundamental earnings power. Adjusted earnings expectations exclude the effect of certain items, such as nonqualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources' nuclear decommissioning funds, none of which can be determined at this time.
Advisors
BofA Merrill Lynch, acting as the lead, and Goldman Sachs & Co. LLC are serving as financial advisors to NextEra Energy. In addition, Wachtell, Lipton, Rosen & Katz is acting as counsel, and Skadden, Arps, Slate, Meagher and Flom, LLC is acting as regulatory counsel to NextEra Energy.
Analyst and investor webcast and conference call
NextEra Energy will host a conference call and webcast to discuss this announcement at 8:30 a.m. ET today. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/investors. The presentation for the webcast may be downloaded at www.NextEraEnergy.com/investors, beginning at 7:30 a.m. ET today. A replay will be available by accessing the same link as listed above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.2 billion, operates approximately 46,790 megawatts of net generating capacity and employs approximately 14,000 people in 33 states and Canada as of year-end 2017. Headquartered in Juno Beach, Florida, NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune's 2018 list of "World's Most Admired Companies." For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "predict," and "target" and other words and terms of similar meaning. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. NEE cautions readers that any forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in any forward-looking statement. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the proposed acquisitions from Southern Company of Gulf Power Company, Florida City Gas and two gas-fired plants (Southern Company assets), including future financial or operating results of NEE or the Southern Company assets, NEE's or the Southern Company assets' plans, objectives, expectations or intentions, the expected timing of completion of the transactions, the value of the transactions, as of the completion of the transactions or as of any other date in the future, and other statements that are not historical facts. Important factors that could cause actual results to differ materially from those indicated by any such forward-looking statements include risks and uncertainties relating to: the risk that NEE or Southern Company may be unable to obtain governmental and regulatory approvals required for the transactions, or required governmental and regulatory approvals may not be obtained on expected terms or in the time period anticipated and delay the transactions or result in the imposition of conditions that are not anticipated and could cause the parties to abandon the transactions; the risk that a condition to closing of the transactions may not be satisfied; the expected timing to consummate the proposed transactions; the risk that the businesses will not be integrated successfully; disruption from the transactions making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention on transaction-related issues; general worldwide economic conditions and related uncertainties; the effect and timing of changes in laws or in governmental regulations (including environmental); fluctuations in trading prices of securities of NEE and in the financial results of NEE or the Southern Company assets; the timing and extent of changes in interest rates, commodity prices and demand and market prices for electricity or gas; and other factors discussed or referred to in the "Risk Factors" section of NEE's or Southern Company's most recent Annual Reports on Form 10-K filed with the Securities and Exchange Commission. Additional risks and uncertainties are identified and discussed in NEE's and Southern Company's reports filed with the SEC and available at the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of the particular statement and NEE does not undertake any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE NextEra Energy, Inc.
Article Date
5/21/20185/21/2018 - Georgia Power Company announces early tender results and upsizing of cash tender offers for senior notes
Georgia Power Company announces early tender results and upsizing of cash tender offers for senior notes
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 21, 2018 /PRNewswire/ -- Georgia Power Company today announced the early tender results and an increase in the size of its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") to purchase a portion of its outstanding Series 2007A 5.65% Senior Notes due 2037 (the "Series 2007A Notes"), its Series 2009A 5.95% Senior Notes due 2039 (the "Series 2009A Notes"), its Series 2010B 5.40% Senior Notes due 2040 (the "Series 2010B Notes"), its Series 2010C 4.75% Senior Notes due 2040 (the "Series 2010C Notes") and its Series N 5.750% Senior Notes due 2023 (the "Series N Notes" and, together with the Series 2007A Notes, the Series 2009A Notes, the Series 2010B Notes and the Series 2010C Notes, the "Notes"). The "Aggregate Maximum Purchase Price" of the Offers has been increased to the amount (excluding accrued and unpaid interest and excluding fees and expenses) sufficient to allow the purchase of $749,913,000 in aggregate principal amount of Notes tendered, representing all of the Notes tendered in Acceptance Priority Levels 1, 2 and 3 on or before the Early Tender Deadline (as defined below). Except as described in this press release, the terms and conditions of the Offers set forth in Georgia Power's Offer to Purchase, dated May 7, 2018 (the "Offer to Purchase") remain unchanged.
According to information received from Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Offers, as of 5:00 p.m., New York City time, on May 18, 2018 (the "Early Tender Deadline"), Georgia Power had received valid tenders from holders of Notes that were not validly withdrawn as set forth in the table below under the heading "Principal Amount Tendered."
|
Notes |
CUSIP |
Principal |
Principal |
Principal |
Acceptance Level |
Reference |
Bloomberg Page |
Fixed Spread (bps) |
|
Series 2007A |
373334GC9 |
$250,000,000 |
$88,618,000 |
$88,618,000 |
1 |
2.75% due |
PX1 |
+100 |
|
Series 2009A |
373334JN2 |
$500,000,000 |
$326,193,000 |
$326,193,000 |
2 |
2.75% due |
PX1 |
+100 |
|
Series 2010B |
373334JR3 |
$600,000,000 |
$335,102,000 |
$335,102,000 |
3 |
2.75% due |
PX1 |
+100 |
|
Series 2010C |
373334JS1 |
$500,000,000 |
$320,791,000 |
- |
4 |
2.75% due |
PX1 |
+100 |
|
Series N |
373334FS5 |
$100,000,000 |
$18,818,000 |
- |
5 |
2.75% due |
PX1 |
+65 |
|
_____________________ | ||||||||
|
(1) As of the Early Tender Deadline. | ||||||||
|
(2) Subject to the terms and conditions of the Offers and application of the Aggregate Maximum Purchase Price and Acceptance Priority Levels. | ||||||||
Subject to the terms and conditions of the Offers, the consideration to be paid in the Offers for each series of Notes (such consideration, the "Total Consideration") validly tendered on or before the Early Tender Deadline and accepted for purchase by Georgia Power will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such series of Notes set forth in the column entitled "Fixed Spread" in the table above, over the applicable yield based on the bid side price of the U.S. Treasury Security set forth for such series of Notes in the column entitled "Reference Security" in the table above, as calculated by the Dealer Managers (as defined below) at 11:00 a.m., New York City time, on May 21, 2018. The Total Consideration includes an early tender premium of $50 per $1,000 in aggregate principal amount of Notes accepted for purchase in the Offers (the "Early Tender Premium"). The aggregate purchase price for the Notes accepted for purchase will include accrued and unpaid interest, if any, from the last interest payment date for the applicable series of Notes up to, but not including, the Early Settlement Date (as defined below).
The settlement date for the Notes validly tendered on or before the Early Tender Deadline and accepted for purchase (the "Early Settlement Date") is expected to be May 22, 2018, the second business day after the Early Tender Deadline.
The deadline for Holders to validly withdraw tenders of Notes has passed. Accordingly, Notes that were already tendered at or before the Early Tender Deadline may not be withdrawn or revoked, except as required by applicable law.
Each Offer will expire at 11:59 p.m., New York City time, on June 4, 2018, unless extended or earlier terminated (the "Expiration Date").
As provided in the Offer to Purchase, Notes validly tendered after the Early Tender Deadline and accepted for purchase will be entitled to the "Tender Offer Consideration" which is equal to the Total Consideration minus the Early Tender Premium. However, unless Georgia Power further increases the Aggregate Maximum Purchase Price prior the Expiration Date, no Notes tendered after the Early Tender Deadline will be accepted for purchase in the Offers.
Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company and otherwise returned in accordance with the Offer to Purchase.
Georgia Power's obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by Georgia Power of a number of conditions as described in the Offer to Purchase. Georgia Power may amend, extend or, subject to certain conditions and applicable law, terminate each Offer at any time in its sole discretion.
J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and UBS Securities LLC have acted as Dealer Managers (the "Dealer Managers") and Global Bondholder Services Corporation has acted as the Tender Agent and Information Agent for the Offers. Requests for documents may be directed to Global Bondholder Services Corporation at (866) 470-4200 (toll free), (212) 430-3774 (banks and brokers) or contact@gbsc-usa.com. Questions regarding the Offers may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect); MUFG Securities Americas Inc. at (877) 744-4532 (toll free) or (212) 405-7481 (collect); or UBS Securities LLC at (888) 719-4210 (toll free) or (203) 719-4210.
This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities. The Offers to purchase the Notes are only being made pursuant to the terms of the Offer to Purchase. The Offers are not being made in any state or jurisdiction in which such Offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. None of Georgia Power, the Dealer Managers or the Tender Agent and Information Agent is making any recommendation as to whether or not Holders should tender their Notes in connection with the Offers.
Cautionary Statements and Risk Factors That May Affect Future Results
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion of the Offers and the timing thereof. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in the Offer to Purchase and Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the risk that the Offers are not completed or are completed on different terms than expected. Georgia Power expressly disclaims any obligation to update any forward-looking information.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power Company
Article Date
5/21/20185/15/2018 - PSC Approves $82 million in Customer Benefits from Federal Tax Reform Law for Atlanta Gas Light Customers
PSC Approves $82 million in Customer Benefits from Federal Tax Reform Law for Atlanta Gas Light Customers
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 15, 2018 /PRNewswire/ -- The Georgia Public Service Commission (PSC) today voted to approve a stipulation reached between its staff and Atlanta Gas Light Company (Atlanta Gas Light) that provides for $82 million in customer benefits stemming from the Tax Cuts and Jobs Act (TCJA) of 2017, including $16 million in rate credits to be passed on to Atlanta Gas Light customers beginning in July.
"We are committed to providing efficient and effective energy solutions to our communities," said Bryan Batson, president of Atlanta Gas Light. "The PSC's order strikes the proper balance of allowing Atlanta Gas Light to continue making important safety and modernization investments in infrastructure programs while returning the net benefits of tax reform to customers."
The stipulation recognizes the benefits of the federal tax reform law, including the lowering of the federal corporate income tax rate from 35 to 21 percent. It also factors in the negative impacts to utilities, such as the loss of bonus deprecation and cash flow shortfall caused by the change in tax rates. To compensate for that loss in working capital, the PSC agreed to adjust the Company's equity ratio, which should benefit the utility and customers by helping protect credit ratings and preserve lower borrowing costs.
In December, prior to the passage of the TCJA, Atlanta Gas Light had proposed a base rate increase of approximately $22 million beginning in June of this year (see release here) and approximately $25 million next year to fund critical long term infrastructure programs and other compliance initiatives. The savings produced from the lower tax rates eliminates the need to raise rates for the next two years, credits $16 million to customers, and reduces by approximately $19.5 million the balance owed by customers that covers the cost of a previously completed pipeline replacement program.
Rates will remain at current levels for the next two years under the approved stipulation and Atlanta Gas Light must file a full rate case by June 2019. Customers will receive $8.52 in credits split evenly between their July and October bills issued by natural gas marketers.
About Atlanta Gas Light
Atlanta Gas Light is one of seven natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Atlanta Gas Light provides natural gas delivery service to more than 1.6 million customers in Georgia. In operation since 1856, the company is one of the oldest corporations in the state. For more information, visit atlantagaslight.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Atlanta Gas Light
Article Date
5/15/2018Service your HVAC system and save before the heat of summer
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 14, 2018 /PRNewswire/ -- As the hot summer weather arrives, Georgia Power encourages residential customers to have their heating, ventilation and air conditioning (HVAC) system assessed by a qualified, licensed and approved HVAC technician. Not only will customers save money and energy year-round, they will be eligible for a rebate of up to $50 per unit simply for having the service performed by an approved program contractor. As much as 50 percent of monthly energy use can be attributed to heating and cooling the home and inefficient systems can cost customers hundreds of dollars in additional energy costs every year.
Georgia Power customers can qualify for the Residential HVAC Service Program rebate by having a participating contractor conduct a diagnostic assessment on the system when temperatures are over 75 degrees Fahrenheit and make improvements specific to the program. To learn more and participate in the program, click here.
Other simple ways to save money and energy this summer:
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. The company also offers customers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com. Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/service-your-hvac-system-and-save-before-the-heat-of-summer-300647949.html
SOURCE Georgia Power
Article Date
5/14/2018New construction milestones reached at Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 10, 2018 /PRNewswire/ -- Georgia Power announced today the latest milestones at the Vogtle nuclear expansion near Waynesboro, Georgia. Over the past week, workers placed the four main step-up transformers, each weighing 420,000 pounds, inside the Unit 4 transformer bays located near the unit's turbine building. The transformers will increase the voltage produced by the turbine generators from 26,000 volts to 500,000 volts before the energy flows to the state's power grid to serve hundreds of thousands of customers. Teams also completed a significant concrete placement inside the Unit 4 containment vessel, clearing the path for installation of the first floor module for the unit, CA32.
Other recent milestones at the site include the placement of the second floor module for the Unit 3 operating deck, CA56. This module is part of the steel floor that sits above the In-Containment Refueling Water Storage Tank (IRWST). The IRWST is a 75,300-cubic-foot tank that, once the units are operational, is filled with borated water and is a key safety feature within containment providing automatic, gravity-fed backup cooling for the reactor vessel.
With more than 6,000 construction workers onsite today, the Vogtle nuclear expansion is the largest job-producing project in the state of Georgia. The thousands of workers onsite every day continue to focus on safety and productivity with the target in-service dates for the units remaining November 2021 (Unit 3) and November 2022 (Unit 4), according to the 18th Vogtle Construction Monitoring (VCM) Report.
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia Public Service Commission (PSC) to pursue all available benefits for customers and minimize the impact of the new units on electric bills. The company's 18th Vogtle Construction Monitoring Report noted a revised, lower projected rate impact for customers of 9.8 percent with approximately half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
Additionally, $75 in total 2018 bill credits, or $188 million overall, were approved by the Georgia PSC as part of its order to continue construction of Vogtle 3&4 in December 2017. Georgia Power issued the first $25 credit in April and plans to issue the second credit in July. The credits are a direct result of parent guarantee payments for the project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers. Click here to read more.
Follow the progress being made at the project with new photos added to the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
5/10/20185/7/2018 - Southern Company named to DiversityInc's Top 50 Companies for Diversity for third consecutive year
Southern Company named to DiversityInc's Top 50 Companies for Diversity for third consecutive year
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 7, 2018 /PRNewswire/ -- Southern Company has been named among DiversityInc's Top 50 Companies for Diversity for the third consecutive year, ranking No. 44. Additionally, Southern Company was named No. 3 among the Top Companies for Veterans.
"Diversity and inclusion is embedded in Our Values, driven from the top of our organization, and led locally through all of our operating companies with a wide range of activities and support organizations designed to bring out the best in all of our employees," said Nancy Sykes, executive vice president and chief human resources officer for Southern Company. "Fostering a diverse workforce and inclusive work environment is imperative to the success of Southern Company today and in the future."
This year, DiversityInc noted that Southern Company has four times as many African-American executives in the top two levels of management than the national average for U.S. companies and our executive diversity council, which is chaired by Southern Company Chairman, President and CEO Tom Fanning.
Southern Company rose two spots to No. 3 among the Top Companies for Veterans – recognizing those companies with the best results in recruiting and promoting veterans.
Derived from corporate survey submissions, the annual survey is considered among the most rigorous, data-driven analyses of its kind. Through an independent, metrics-driven evaluation, U.S. employers' diversity management is assessed in four key areas:
To view DiversityInc's 2018 Top 50 Companies for Diversity list and 2018 Specialty Lists, visit http://www.diversityinc.com/top50. The publication announced the rankings May 1 during an awards dinner in New York City.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
5/7/2018Georgia Power Company announces cash tender offers for up to $750 million in aggregate purchase price of senior notes
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 7, 2018 /PRNewswire/ -- Georgia Power Company today announced the commencement of tender offers (each, an "Offer," and collectively, the "Offers") to purchase up to $750 million in aggregate purchase price (excluding accrued and unpaid interest and excluding fees and expenses) (as such amount may be increased, decreased or eliminated by Georgia Power pursuant to the terms of the Offers, the "Aggregate Maximum Purchase Price") of its Series 2007A 5.65% Senior Notes due 2037, its Series 2009A 5.95% Senior Notes due 2039, its Series 2010B 5.40% Senior Notes due 2040, its Series 2010C 4.75% Senior Notes due 2040 and its Series N 5.750% Senior Notes due 2023. The terms and conditions of the Offers are set forth in Georgia Power's Offer to Purchase, dated May 7, 2018 (the "Offer to Purchase").
The Offer to Purchase relates to five separate Offers, one for each series of notes in the table below (each series, a "Series of Notes," and such notes, collectively, the "Notes"). No Offer is conditioned on any minimum amount of Notes being tendered or the consummation of any other Offer.
|
Notes |
CUSIP Number |
Principal Amount Outstanding |
Acceptance Priority Level |
Early Tender Premium(1) |
Reference Security |
Bloomberg Reference Page |
Fixed Spread (bps) |
|
Series 2007A 5.65% Senior Notes due 2037 |
373334GC9 |
$250,000,000 |
1 |
$50 |
2.75% due November 15, 2047 |
PX1 |
+100 |
|
Series 2009A 5.95% Senior Notes due 2039 |
373334JN2 |
$500,000,000 |
2 |
$50 |
2.75% due November 15, 2047 |
PX1 |
+100 |
|
Series 2010B 5.40% Senior Notes due 2040 |
373334JR3 |
$600,000,000 |
3 |
$50 |
2.75% due November 15, 2047 |
PX1 |
+100 |
|
Series 2010C 4.75% Senior Notes due 2040 |
373334JS1 |
$500,000,000 |
4 |
$50 |
2.75% due November 15, 2047 |
PX1 |
+100 |
|
Series N 5.750% Senior Notes due 2023 |
373334FS5 |
$100,000,000 |
5 |
$50 |
2.75% due April 30, 2023 |
PX1 |
+65 |
(1) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase in the applicable Offer at or prior to the Early Tender Deadline; included in the applicable Total Consideration for such Series of Notes.
Each Offer will expire at 11:59 P.M., New York City time, on June 4, 2018, unless extended (such time and date, as the same may be extended with respect to one or more Series of Notes, the "Expiration Date") or earlier terminated. Holders (as defined in the Offer to Purchase) of Notes must validly tender and not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on May 18, 2018 (such time and date, as the same may be extended with respect to one or more Series of Notes, the "Early Tender Deadline") in order to be eligible to receive the applicable Total Consideration (as defined below). Holders who validly tender their Notes after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the applicable Tender Consideration (as defined below). Tendered Notes may be withdrawn at or prior to 5:00 p.m., New York City time, on May 18, 2018, by following the procedures described in the Offer to Purchase, but may not thereafter be validly withdrawn, except as provided for in the Offer to Purchase or required by applicable law.
The amount of Notes that are purchased on the applicable Settlement Date (as defined below) will be determined in accordance with the Acceptance Priority Levels set forth in the table above (each, an "Acceptance Priority Level," and collectively, the "Acceptance Priority Levels"), with 1 being the highest Acceptance Priority Level and 5 being the lowest Acceptance Priority Level. However, Georgia Power's obligation to accept for purchase, based on the Acceptance Priority Levels, and to pay for, Notes that are validly tendered and not validly withdrawn is limited to as many of the Notes as Georgia Power can purchase up to the Aggregate Maximum Purchase Price.
All Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a higher Acceptance Priority Level will, subject to the Aggregate Maximum Purchase Price, be accepted before any Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a lower Acceptance Priority Level are accepted pursuant to the Offers. All Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date having a higher Acceptance Priority Level will, subject to the Aggregate Maximum Purchase Price, be accepted before any Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date having a lower Acceptance Priority Level are accepted pursuant to the Offers. However, Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline will, subject to the Aggregate Maximum Purchase Price, be accepted for purchase in priority to other Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date, even if such Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date have a higher Acceptance Priority Level than the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline. If the aggregate amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline equals or exceeds the Aggregate Maximum Purchase Price, Holders who validly tender Notes after the Early Tender Deadline and at or prior to the Expiration Date will not have any such Notes accepted for payment regardless of the Acceptance Priority Level of such Notes. As such, there can be no assurance that any or all tendered Notes of a given Acceptance Priority level will be accepted for purchase.
If purchasing all the validly tendered and not validly withdrawn Notes of a given Acceptance Priority Level on the applicable Settlement Date would cause the Aggregate Maximum Purchase Price to be exceeded on such Settlement Date, Georgia Power will accept such Notes on a pro rata basis, to the extent any Notes of such Acceptance Priority Level are accepted for purchase, so as to not exceed the Aggregate Maximum Purchase Price.
Georgia Power reserves the right, but is under no obligation, to increase, decrease or eliminate the Aggregate Maximum Purchase Price at any time without extending the applicable Withdrawal Deadline (as defined in the Offer to Purchase), subject to applicable law. As such, there can be no assurance that any or all tendered Notes of a given Acceptance Priority level will be accepted for purchase, even if validly tendered and not validly withdrawn prior to the Early Tender Deadline.
Georgia Power expects to fund the purchase price of any Notes purchased using cash on hand or available liquidity.
The Offers are intended to help Georgia Power mitigate credit metric impacts associated with the federal tax reform legislation enacted in December 2017 (the "Tax Reform Legislation") by reducing its outstanding indebtedness and increasing the Company's common equity ratio, which is consistent with an April 3, 2018 order of the Georgia Public Service Commission regarding the retail rate impact of the Tax Reform Legislation. The Notes purchased pursuant to the Offers will cease to be outstanding and will be cancelled.
Subject to the terms and conditions of the Offers, Holders who validly tender and do not validly withdraw their Notes at or prior to the Early Tender Deadline will be eligible to receive consideration, per $1,000 principal amount, equal to the applicable Total Consideration for such Series of Notes. The applicable consideration for each series of Notes (such consideration, the "Total Consideration") will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such Series of Notes set forth in the column entitled "Fixed Spread" in the table above, over the applicable yield based on the bid side price of the U.S. Treasury Security set forth for such Series of Notes in the column entitled "Reference Security" in the table above, as calculated by the Dealer Managers (as defined below) at 11:00 a.m., New York City time, on May 21, 2018. The Total Consideration includes the applicable early tender premium (the "Early Tender Premium") for such Series of Notes set forth in the column entitled "Early Tender Premium" in the table above. Subject to the terms and conditions of the Offers, Holders who validly tender and do not validly withdraw their Notes after the Early Tender Deadline and at or prior to the Expiration Date will only be eligible to receive consideration, per $1,000 principal amount, equal to the applicable Total Consideration less the applicable Early Tender Premium (such consideration, the "Tender Consideration") for such Series of Notes. In each case, such Holders will also be entitled to receive accrued and unpaid interest, if any, from the last interest payment date for the applicable Series of Notes up to, but not including, the Early Settlement Date or the Final Settlement Date (each as defined below), as applicable, if and when the applicable Notes are accepted for purchase.
Georgia Power reserves the right, but is under no obligation, at any point following the Early Tender Deadline and before the Expiration Date, to accept Notes that have been validly tendered and not validly withdrawn for purchase on a date determined at Georgia Power's option (such date, if any, the "Early Settlement Date"). Georgia Power currently expects the Early Settlement Date, if any, to occur on May 22, 2018. If Georgia Power chooses to exercise its option to have an Early Settlement Date, Georgia Power will purchase any remaining Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date, subject to all conditions to the Offers having been satisfied or waived by Georgia Power and subject to the Aggregate Maximum Purchase Price, on the Final Settlement Date, if any. If Georgia Power chooses not to exercise its option to have an Early Settlement Date, Georgia Power will purchase all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date, subject to all conditions to the Offers having been satisfied or waived by Georgia Power and subject to the Aggregate Maximum Purchase Price, on the Final Settlement Date. The Final Settlement Date, if any, is expected to occur promptly following the Expiration Date on June 5, 2018 (the "Final Settlement Date"), unless extended by Georgia Power. No tenders of Notes submitted after the Expiration Date will be valid.
Georgia Power's obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by Georgia Power of a number of conditions as described in the Offer to Purchase. Georgia Power may amend, extend or, subject to certain conditions and applicable law, terminate each Offer at any time in its sole discretion.
J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and UBS Securities LLC will act as Dealer Managers (the "Dealer Managers") and Global Bondholder Services Corporation will act as the Tender Agent and Information Agent for the Offers. Requests for documents may be directed to Global Bondholder Services Corporation at (866) 470-4200 (toll free), (212) 430-3774 (banks and brokers) or contact@gbsc-usa.com. Questions regarding the Offers may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect); MUFG Securities Americas Inc. at (877) 744-4532 (toll free) or (212) 405-7481 (collect); or UBS Securities LLC at (888) 719-4210 (toll free) or (203) 719-4210.
This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities. The Offers to purchase the Notes are only being made pursuant to the terms of the Offer to Purchase. The Offers are not being made in any state or jurisdiction in which such Offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. None of Georgia Power, the Dealer Managers or the Tender Agent and Information Agent is making any recommendation as to whether or not Holders should tender their Notes in connection with the Offers.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Statements and Risk Factors That May Affect Future Results
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion of the Offers and the timing thereof. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in the Offer to Purchase and Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the risk that the Offers are not completed or are completed on different terms than expected. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-company-announces-cash-tender-offers-for-up-to-750-million-in-aggregate-purchase-price-of-senior-notes-300643565.html
SOURCE Georgia Power
Article Date
5/7/2018Mississippi Power issues correction to quarterly dividend announcement
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
GULFPORT, Miss., May 3, 2018 /PRNewswire/ -- Mississippi Power today issued a correction to its press release of April 25, 2018 to correct the previously-stated record date. Correct information for the regular quarterly dividend on the company's outstanding preferred stock is as follows:
This dividend is for the quarter ending June 30, 2018, payable July 2, 2018, to shareholders of record on June 15, 2018.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. With nearly 160 megawatts of approved solar energy capacity, Mississippi Power is the largest partner in providing renewable energy in the state of Mississippi. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
View original content:http://www.prnewswire.com/news-releases/mississippi-power-issues-correction-to-quarterly-dividend-announcement-300641498.html
SOURCE Mississippi Power
Article Date
5/3/2018Third class of Vogtle 3&4 operators pass NRC licensing exam
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 2, 2018 /PRNewswire/ -- Georgia Power announced today the latest operational milestone for the new units at Plant Vogtle near Waynesboro, Georgia – members of the third training class of nuclear operators have passed the initial licensing exam by the Nuclear Regulatory Commission (NRC). Having licensed, qualified operators in place prior to nuclear fuel loading and plant start up helps ensure that the new units can be placed in service as quickly and safely as possible to deliver power for 500,000 homes and businesses.
Training is a multi-year process culminating in a three-week test, which also includes simulator testing and job performance measures. Each training class goes through a rigorous schedule that teaches candidates the fundamentals of nuclear power and plant operations. The training prepares them for duties as licensed operators through AP1000 system-specific training in the classroom and simulator, as well as hands-on training and task performance evaluations.
With more than 6,000 construction workers onsite today, the Vogtle nuclear expansion is the largest job-producing project in the state of Georgia. Once online, the new units will provide more than 800 careers, including 75 nuclear operators. Including the latest class of operators, 56 licensed operators are now available for Vogtle Units 3 and 4 with additional licensing training underway.
The nuclear operators are employed by Southern Nuclear, the nuclear operating subsidiary which operates the existing units at plants Vogtle and Hatch and is now project manager at the Vogtle construction site. Training, licensing and qualifying operators is a major step in demonstrating to the NRC that Southern Nuclear is prepared to commence start-up activities of Vogtle Units 3 and 4 and operate them once construction is complete.
Construction Progress Continues
Progress is made every day at the construction site. Recent construction milestones include the placement of the passive residual heat removal (PRHR) heat exchanger and the CA55 module - the first roof module for the in-containment refueling water storage tank, for Unit 3. Click here to read more.
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia Public Service Commission (PSC) to pursue all available benefits for customers and minimize the impact of the new units on electric bills. The company's 18th Vogtle Construction Monitoring Report noted a revised, lower projected rate impact for customers of 9.8 percent with approximately half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
Additionally, $75 in total 2018 bill credits, or $188 million overall, were approved by the Georgia PSC as part of its order to continue construction of Vogtle 3&4 in December 2017. Georgia Power issued the first $25 credit in April and plans to issue the second credit in July. The credits are a direct result of parent guarantee payments for the project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers. Click here to read more.
Follow the progress being made at the project with new photos added to the Plant Vogtle 3&4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development, construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; if certain adverse events were to occur, a decision by more than 10% of the owners of Plant Vogtle Units 3 and 4 not to proceed with construction upon the occurrence of certain adverse events; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/third-class-of-vogtle-34-operators-pass-nrc-licensing-exam-300641245.html
SOURCE Georgia Power
Article Date
5/2/2018Southern Company reports first-quarter 2018 earnings
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, May 2, 2018 /PRNewswire/ -- Southern Company today reported first-quarter 2018 earnings of $938 million, or 93 cents per share, compared with earnings of $658 million, or 66 cents per share, in the first quarter of 2017.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $893 million, or 88 cents per share, during the first quarter of 2018, compared with $652 million, or 66 cents per share, during the first quarter of 2017.
|
Non-GAAP Financial Measures |
Three Months Ended March | ||||
|
Net Income - Excluding Items (in millions) |
2018 |
2017 | |||
|
Net Income - As Reported |
$938 |
$658 | |||
|
Estimated Loss on Kemper IGCC |
44 |
108 | |||
|
Tax Impact |
(11) |
(41) | |||
|
Loss on Plant Scherer Unit 3 |
- |
33 | |||
|
Tax Impact |
- |
(13) | |||
|
Acquisition, Integration, and Disposition Costs |
62 |
4 | |||
|
Tax Impact |
(5) |
(1) | |||
|
Wholesale Gas Services |
(139) |
(114) | |||
|
Tax Impact |
35 |
46 | |||
|
Earnings Guidance Comparability Items: |
|||||
|
Equity Return Related to Kemper IGCC Schedule Extension |
- |
(23) | |||
|
Tax Impact |
- |
(5) | |||
|
Adoption of Tax Reform |
(31) |
- | |||
|
Net Income – Excluding Items |
$893 |
$652 | |||
|
Average Shares Outstanding – (in millions) |
1,011 |
993 | |||
|
Basic Earnings Per Share – Excluding Items |
$0.88 |
$0.66 | |||
|
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package. | |||||
Earnings drivers year-over-year for the first quarter of 2018 were positively influenced by revenue effects primarily driven by weather at our state-regulated electric utilities and by infrastructure investments at Southern Company Gas, as well as the optimization of Southern Power's state tax positions. These impacts were partially offset by increased depreciation and amortization.
"Each of our major business units had a tremendous start to the year," said Chairman, President and CEO Thomas A. Fanning. "Our premier, state-regulated electric and gas utilities, as well as our other businesses, have performed exceptionally well and are on track to deliver on their targets for 2018."
First quarter 2018 operating revenues were $6.37 billion, compared with $5.77 billion for the first quarter of 2017, an increase of 10.4 percent.
Southern Company's first quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the number one Company for Progress by DiversityInc, and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning performance targets. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; the uncertainty surrounding the federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Southern Company and its subsidiaries; current and future litigation or regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity and natural gas, including those relating to weather, the general economy, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of natural gas and other fuels; limits on pipeline capacity; transmission constraints; effects of inflation; the ability to control costs and avoid cost overruns during the development, construction, and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages, increased costs or inconsistent quality of equipment, materials, and labor, including any changes related to imposition of import tariffs, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of U.S. Nuclear Regulatory Commission ("NRC") requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the Southern Company system's employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; if certain adverse events were to occur, a decision by more than 10% of the owners of Plant Vogtle Units 3 and 4 not to proceed with construction upon the occurrence of certain adverse events; litigation related to the Kemper County energy facility; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, including the proposed disposition by a wholly-owned subsidiary of Southern Company Gas of Elizabethtown Gas and Elkton Gas, the proposed disposition by Southern Company Gas of Pivotal Home Solutions, and the potential sale of a 33% equity interest in substantially all of Southern Power's solar assets, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected and the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of physical attacks; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward‐looking information.
|
Southern Company | ||||||||
|
Financial Highlights | ||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||
|
Three Months Ended | ||||||||
|
Net Income–As Reported (See Notes) |
2018 |
2017 | ||||||
|
Traditional Electric Operating Companies |
$ |
612 |
$ |
432 |
||||
|
Southern Power |
121 |
70 |
||||||
|
Southern Company Gas |
279 |
239 |
||||||
|
Total |
1,012 |
741 |
||||||
|
Parent Company and Other |
(74) |
(83) |
||||||
|
Net Income–As Reported |
$ |
938 |
$ |
658 |
||||
|
Basic Earnings Per Share1 |
$ |
0.93 |
$ |
0.66 |
||||
|
Average Shares Outstanding (in millions) |
1,011 |
993 |
||||||
|
End of Period Shares Outstanding (in millions) |
1,012 |
995 |
||||||
|
Non-GAAP Financial Measures |
Three Months Ended | |||||||
|
Net Income–Excluding Items (See Notes) |
2018 |
2017 | ||||||
|
Net Income–As Reported |
$ |
938 |
$ |
658 |
||||
|
Estimated Loss on Kemper IGCC2 |
44 |
108 |
||||||
|
Tax Impact |
(11) |
(41) |
||||||
|
Loss on Plant Scherer Unit 33 |
— |
33 |
||||||
|
Tax Impact |
— |
(13) |
||||||
|
Acquisition, Integration, and Disposition Costs4 |
62 |
4 |
||||||
|
Tax Impact |
(5) |
(1) |
||||||
|
Wholesale Gas Services5 |
(139) |
(114) |
||||||
|
Tax Impact |
35 |
46 |
||||||
|
Earnings Guidance Comparability Items: |
||||||||
|
Equity Return Related to Kemper IGCC Schedule Extension6 |
— |
(23) |
||||||
|
Tax Impact |
— |
(5) |
||||||
|
Adoption of Tax Reform7 |
(31) |
— |
||||||
|
Net Income–Excluding Items |
$ |
893 |
$ |
652 |
||||
|
Basic Earnings Per Share–Excluding Items |
$ |
0.88 |
$ |
0.66 |
||||
|
-See Notes on the following page. | ||||||||
|
Southern Company | ||||||||
|
Financial Highlights | ||||||||
|
Notes |
||||||||
|
(1) For the three months ended March 31, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||
|
(2) Earnings for the three months ended March 31, 2018 and 2017 include charges related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC) that significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $50 million are expected to occur during the remainder of 2018 and 2019. | ||||||||
|
(3) Earnings for the three months ended March 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected to occur. | ||||||||
|
(4) Earnings for the three months ended March 31, 2018 and 2017 include costs related to the acquisition and integration of Southern Company Gas and earnings for the three months ended March 31, 2018 include costs related to the pending dispositions of Elizabethtown Gas, Elkton Gas, and Pivotal Home Solutions. The costs associated with the Pivotal Home Solutions transaction include a goodwill impairment charge of $42 million. Further costs are expected to continue to occur in connection with integration activities and closing the dispositions; however, the amount and duration of such expenditures is uncertain. | ||||||||
|
(5) Earnings for the three months ended March 31, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
|
(6) Earnings for the three months ended March 31, 2017 include allowance for funds used during construction (AFUDC) equity as a result of extending the Kemper IGCC construction schedule beyond November 30, 2016, as assumed when Southern Company issued its 2017 guidance. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also used such measures to evaluate Southern Company's 2017 performance. AFUDC equity ceased in connection with the project's suspension in June 2017. | ||||||||
|
(7) Earnings for the three months ended March 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During the current period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance. | ||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Three Months Ended | ||||||||||||
|
2018 |
2017 |
Change | ||||||||||
|
Earnings Per Share– |
||||||||||||
|
As Reported1 (See Notes) |
$ |
0.93 |
$ |
0.66 |
$ |
0.27 |
||||||
|
Significant Factors: |
||||||||||||
|
Traditional Electric Operating Companies |
$ |
0.18 |
||||||||||
|
Southern Power |
0.05 |
|||||||||||
|
Southern Company Gas |
0.04 |
|||||||||||
|
Parent Company and Other |
0.01 |
|||||||||||
|
Increase in Shares |
(0.01) |
|||||||||||
|
Total–As Reported |
$ |
0.27 |
||||||||||
|
Three Months Ended | ||||||||||||
|
Non-GAAP Financial Measures |
2018 |
2017 |
Change | |||||||||
|
Earnings Per Share– |
||||||||||||
|
Excluding Items (See Notes) |
$ |
0.88 |
$ |
0.66 |
$ |
0.22 |
||||||
|
Total–As Reported |
$ |
0.27 |
||||||||||
|
Kemper IGCC Impacts2 |
(0.02) |
|||||||||||
|
Loss on Plant Scherer Unit 33 |
(0.02) |
|||||||||||
|
Acquisition, Integration, and Disposition Costs4 |
0.05 |
|||||||||||
|
Wholesale Gas Services5 |
(0.03) |
|||||||||||
|
Adoption of Tax Reform6 |
(0.03) |
|||||||||||
|
Total–Excluding Items |
$ |
0.22 |
||||||||||
|
- See Notes on the following page. | ||||||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Notes |
||||||||||||
|
(1) For the three months ended March 31, 2018 and 2017, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||
|
(2) Earnings for the three months ended March 31, 2018 and 2017 include charges related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC) that significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $50 million are expected to occur during the remainder of 2018 and 2019. | ||||||||||||
|
(3) Earnings for the three months ended March 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected to occur. | ||||||||||||
|
(4) Earnings for the three months ended March 31, 2018 and 2017 include costs related to the acquisition and integration of Southern Company Gas and earnings for the three months ended March 31, 2018 include costs related to the pending dispositions of Elizabethtown Gas, Elkton Gas, and Pivotal Home Solutions. The costs associated with the Pivotal Home Solutions transaction include a goodwill impairment charge of $42 million. Further costs are expected to continue to occur in connection with integration activities and closing the dispositions; however, the amount and duration of such expenditures is uncertain. | ||||||||||||
|
(5) Earnings for the three months ended March 31, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||
|
(6) Earnings for the three months ended March 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During the current period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance.
| ||||||||||||
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended March 2018 vs. March 2017 | |
|
Cents |
Description |
|
2¢ |
Retail Sales |
|
1¢ |
Retail Revenue Impacts, Excluding Tax Reform Changes |
|
9¢ |
Weather |
|
(1)¢ |
Non-Fuel O&M |
|
(3)¢ |
Depreciation and Amortization |
|
(1)¢ |
Taxes Other Than Income Taxes |
|
1¢ |
Dividends on Preferred and Preference Stock |
|
3¢ |
Impacts of Tax Reform (Ongoing Basis), Net of Amounts to be Returned to Customers |
|
1¢ |
Income Taxes, Excluding Tax Reform |
|
12¢ |
Total Traditional Electric Operating Companies |
|
5¢ |
Southern Power |
|
6¢ |
Southern Company Gas |
|
(1)¢ |
Increase in Shares |
|
22¢ |
Total Change in EPS (Excluding Items) |
|
2¢ |
Kemper IGCC Impacts1 |
|
2¢ |
Loss on Plant Scherer Unit 32 |
|
(5)¢ |
Acquisition, Integration, and Disposition Costs3 |
|
3¢ |
Wholesale Gas Services4 |
|
3¢ |
Adoption of Tax Reform5 |
|
27¢ |
Total Change in EPS (As Reported) |
|
- See Notes on the following page. | |
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended March 2018 vs. March 2017 | |
|
Notes | |
|
(1) Earnings for the three months ended March 31, 2018 and 2017 include charges related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi (Kemper IGCC) that significantly impacted the presentation of earnings and earnings per share. Additional pre-tax cancellation costs of up to $50 million are expected to occur during the remainder of 2018 and 2019.
| |
|
(2) Earnings for the three months ended March 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of its 2017 retail rate case settlement. Further charges are not expected to occur. | |
|
(3) Earnings for the three months ended March 31, 2018 and 2017 include costs related to the acquisition and integration of Southern Company Gas and earnings for the three months ended March 31, 2018 include costs related to the pending dispositions of Elizabethtown Gas, Elkton Gas, and Pivotal Home Solutions. The costs associated with the Pivotal Home Solutions transaction include a goodwill impairment charge of $42 million. Further costs are expected to continue to occur in connection with integration activities and closing the dispositions; however, the amount and duration of such expenditures is uncertain. | |
|
(4) Earnings for the three months ended March 31, 2018 and 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |
|
(5) Earnings for the three months ended March 31, 2018 include additional net tax benefits as a result of implementing federal tax reform legislation, which was signed into law on December 22, 2017. During the current period, Southern Company obtained and analyzed additional information that was not initially available or reported as provisional amounts at December 31, 2017. Additional adjustments are expected until Southern Company's 2017 federal income tax return is complete and provisional estimates are actualized during the measurement period ending December 31, 2018. Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance.
| |
|
Southern Company | ||||||||||||
|
Consolidated Earnings | ||||||||||||
|
As Reported | ||||||||||||
|
(In Millions of Dollars) | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
2018 |
2017 |
Change | ||||||||||
|
Income Account- |
||||||||||||
|
Retail Electric Revenues- |
||||||||||||
|
Fuel |
$ |
1,027 |
$ |
928 |
$ |
99 |
||||||
|
Non-Fuel |
2,541 |
2,466 |
75 |
|||||||||
|
Wholesale Electric Revenues |
619 |
531 |
88 |
|||||||||
|
Other Electric Revenues |
165 |
175 |
(10) |
|||||||||
|
Natural Gas Revenues |
1,607 |
1,530 |
77 |
|||||||||
|
Other Revenues |
413 |
141 |
272 |
|||||||||
|
Total Revenues |
6,372 |
5,771 |
601 |
|||||||||
|
Fuel and Purchased Power |
1,368 |
1,175 |
193 |
|||||||||
|
Cost of Natural Gas |
720 |
719 |
1 |
|||||||||
|
Cost of Other Sales |
289 |
88 |
201 |
|||||||||
|
Non-Fuel O & M |
1,451 |
1,383 |
68 |
|||||||||
|
Depreciation and Amortization |
769 |
716 |
53 |
|||||||||
|
Taxes Other Than Income Taxes |
355 |
330 |
25 |
|||||||||
|
Estimated Loss on Kemper IGCC |
44 |
108 |
(64) |
|||||||||
|
Total Operating Expenses |
4,996 |
4,519 |
477 |
|||||||||
|
Operating Income |
1,376 |
1,252 |
124 |
|||||||||
|
Allowance for Equity Funds Used During Construction |
30 |
57 |
(27) |
|||||||||
|
Earnings from Equity Method Investments |
41 |
39 |
2 |
|||||||||
|
Interest Expense, Net of Amounts Capitalized |
458 |
416 |
42 |
|||||||||
|
Other Income (Expense), net |
60 |
48 |
12 |
|||||||||
|
Income Taxes |
113 |
315 |
(202) |
|||||||||
|
Net Income |
936 |
665 |
271 |
|||||||||
|
Less: |
||||||||||||
|
Dividends on Preferred and Preference Stock of Subsidiaries |
4 |
11 |
(7) |
|||||||||
|
Net Income Attributable to Noncontrolling Interests |
(6) |
(4) |
(2) |
|||||||||
|
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY |
$ |
938 |
$ |
658 |
$ |
280 |
||||||
|
Notes |
||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||
|
Southern Company | ||||||||||||
|
Kilowatt-Hour Sales and Customers | ||||||||||||
|
(In Millions of KWHs) | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
As Reported |
2018 |
2017 |
Change |
Weather | ||||||||
|
Kilowatt-Hour Sales- |
||||||||||||
|
Total Sales |
50,844 |
46,198 |
10.1 |
% |
||||||||
|
Total Retail Sales- |
38,390 |
35,504 |
8.1 |
% |
1.6 |
% | ||||||
|
Residential |
12,967 |
10,916 |
18.8 |
% |
1.1 |
% | ||||||
|
Commercial |
12,287 |
11,768 |
4.4 |
% |
1.2 |
% | ||||||
|
Industrial |
12,931 |
12,606 |
2.6 |
% |
2.6 |
% | ||||||
|
Other |
205 |
214 |
(4.3) |
% |
(4.7) |
% | ||||||
|
Total Wholesale Sales |
12,454 |
10,694 |
16.5 |
% |
N/A | |||||||
|
(In Thousands of Customers) | ||||||||||||
|
Period Ended March |
||||||||||||
|
2018 |
2017 |
Change |
||||||||||
|
Regulated Utility Customers- |
||||||||||||
|
Total Utility Customers- |
9,306 |
9,226 |
0.9 |
% |
||||||||
|
Total Traditional Electric |
4,652 |
4,608 |
1.0 |
% |
||||||||
|
Southern Company Gas |
4,654 |
4,618 |
0.8 |
% |
||||||||
|
Southern Company | |||||||||||
|
Financial Overview | |||||||||||
|
As Reported | |||||||||||
|
(In Millions of Dollars) | |||||||||||
|
Three Months Ended March | |||||||||||
|
2018 |
2017 |
% Change | |||||||||
|
Southern Company – |
|||||||||||
|
Operating Revenues |
$ |
6,372 |
$ |
5,771 |
10.4 |
% | |||||
|
Earnings Before Income Taxes |
1,049 |
980 |
7.0 |
% | |||||||
|
Net Income Available to Common |
938 |
658 |
42.6 |
% | |||||||
|
Alabama Power – |
|||||||||||
|
Operating Revenues |
$ |
1,473 |
$ |
1,382 |
6.6 |
% | |||||
|
Earnings Before Income Taxes |
311 |
304 |
2.3 |
% | |||||||
|
Net Income Available to Common |
225 |
174 |
29.3 |
% | |||||||
|
Georgia Power – |
|||||||||||
|
Operating Revenues |
$ |
1,961 |
$ |
1,832 |
7.0 |
% | |||||
|
Earnings Before Income Taxes |
445 |
420 |
6.0 |
% | |||||||
|
Net Income Available to Common |
352 |
260 |
35.4 |
% | |||||||
|
Gulf Power – |
|||||||||||
|
Operating Revenues |
$ |
348 |
$ |
350 |
(0.6) |
% | |||||
|
Earnings Before Income Taxes |
55 |
34 |
61.8 |
% | |||||||
|
Net Income Available to Common |
42 |
18 |
133.3 |
% | |||||||
|
Mississippi Power – |
|||||||||||
|
Operating Revenues |
$ |
302 |
$ |
272 |
11.0 |
% | |||||
|
Earnings (Loss) Before Income Taxes |
(11) |
(47) |
N/M | ||||||||
|
Net Income (Loss) Available to Common |
(7) |
(20) |
N/M | ||||||||
|
Southern Power – |
|||||||||||
|
Operating Revenues |
$ |
509 |
$ |
450 |
13.1 |
% | |||||
|
Earnings Before Income Taxes |
16 |
14 |
14.3 |
% | |||||||
|
Net Income Available to Common |
121 |
70 |
72.9 |
% | |||||||
|
Southern Company Gas – |
|||||||||||
|
Operating Revenues |
$ |
1,639 |
$ |
1,560 |
5.1 |
% | |||||
|
Earnings Before Income Taxes |
383 |
389 |
(1.5) |
% | |||||||
|
Net Income Available to Common |
279 |
239 |
16.7 |
% | |||||||
|
N/M - not meaningful |
|||||||||||
|
Notes |
|||||||||||
|
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-reports-first-quarter-2018-earnings-300640849.html
SOURCE Southern Company
Article Date
5/2/20184/25/2018 - Mississippi Power announces quarterly dividend
Mississippi Power announces quarterly dividend
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
GULFPORT, Miss., April 25, 2018 /PRNewswire/ -- Mississippi Power today announced a regular quarterly dividend on the company's outstanding preferred stock as follows:
This dividend is for the quarter ending June 30, 2018, payable July 2, 2018, to shareholders of record on May 15, 2018.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. With nearly 160 megawatts of approved solar energy capacity, Mississippi Power is the largest partner in providing renewable energy in the state of Mississippi. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
View original content:http://www.prnewswire.com/news-releases/mississippi-power-announces-quarterly-dividend-300634917.html
SOURCE Mississippi Power
Article Date
4/25/20184/24/2018 - New milestones reached for Vogtle Unit 3
New milestones reached for Vogtle Unit 3
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 24, 2018 /PRNewswire/ -- Georgia Power announced today multiple recent milestones for Unit 3 at the Vogtle nuclear expansion project near Waynesboro, Georgia.
On Sunday, workers placed the passive residual heat removal (PRHR) heat exchanger inside the Unit 3 containment vessel. The PRHR heat exchanger is a key feature of the AP1000 reactor's passive core cooling system which is part of the larger AP1000 passive safety system. Earlier in the week, workers at the site also placed the CA55 module, weighing approximately 170,000 pounds. The CA55 module is the first roof module for the in-containment refueling water storage tank, and will be where the integrated head package is placed during a refueling outage once the unit begins operating.
Georgia Power has also released the latest Vogtle Timeline video highlighting safety, progress and efficiency at the Vogtle site for the first quarter of 2018. More than 6,000 workers are currently onsite, focused on increased productivity and safe, high-quality construction.
Available on Georgia Power's YouTube Channel, the new Vogtle Timeline video includes:
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia Public Service Commission (PSC) to pursue all available benefits for customers and minimize the impact of the new units on electric bills. The company's 18th Vogtle Construction Monitoring Report noted a revised, lower projected rate impact for customers of 9.8 percent with approximately half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
Additionally, the first of three $25 credits for the Vogtle nuclear expansion were applied to Georgia Power customers' bills this month. $75 in total 2018 bill credits, or $188 million overall, were approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 in December 2017. The credits are a direct result of parent guarantee payments for the project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers. Click here to read more.
Follow the progress being made at the project with new photos added to the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/new-milestones-reached-for-vogtle-unit-3-300635728.html
SOURCE Georgia Power
Article Date
4/24/2018Southern Company first-quarter earnings to be released May 2
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 18, 2018 /PRNewswire/ -- Southern Company plans to release its earnings for the first quarter of 2018 by 7:30 a.m. EDT on Wednesday, May 2.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, May 2.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. We operate nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are creating new products and services for the benefit of customers. We are building the future of energy by developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity and the No. 1 Company for Progress by DiversityInc and designated as one of America's Best Employers by Forbes magazine. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/18/2018Southern Company Announces Changes to Executive Management Team
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 17, 2018 /PRNewswire/ -- Southern Company Chairman, President and CEO Thomas A. Fanning today announced changes to the company's management, effective June 1.
Andrew W. Evans will become executive vice president and chief financial officer of Southern Company. He will assume the role vacated by Art P. Beattie, who has announced his plans to retire.
Kimberly S. Greene will succeed Evans as chairman, president and CEO of Southern Company Gas.
Stan W. Connally, Jr. will assume Greene's responsibilities as executive vice president of operations for Southern Company while continuing to serve as chairman, president and CEO of Gulf Power.
"At Southern Company we are committed to having the best leadership team in the industry," Fanning said. "Today's announcements show that our leadership development continues to advance the knowledge and experience that serves our customer-focused business model to provide clean, safe, reliable and affordable energy along with premier customer service."
Prior to being named chief financial officer, Beattie was executive vice president, chief financial officer and treasurer of Alabama Power from 2005-2010. He served as vice president and comptroller of Alabama Power from 1998-2005 and vice president, secretary and treasurer from 1992 through 1997. Before becoming an officer of Alabama Power, Beattie served in a variety of positions within the company's accounting, finance, treasury and corporate governance organizations. He first joined the company in 1976 as a junior accountant. Beattie has served on many non-profit boards, including the Alabama Power Foundation, the Alabama School of Fine Arts, the Alabama Trust Fund and the Greater Birmingham Salvation Army Advisory Board. Beattie and his wife, Angie, have three daughters, Jenna Lauren, Jessica Leigh, and Julie Lynne.
"Art has enjoyed a remarkable career at Southern Company and has led us through some incredible moments in our history," Fanning said. "He rose to the highest ranks of the company due to his sound fiscal discipline, strategic ideas and strong professional drive. We're happy for him as he enters this new chapter of his life, but we're equally as sad to say goodbye to someone who's been an integral part of our company's growth."
Evans was named CEO of then-AGL Resources in 2015. He joined the organization in 2002 and has held several positions of leadership including president, chief operating officer and chief financial officer and company treasurer. Prior to joining the company, he served in various finance and business development roles over a nine-year period at Mirant Corporation (formerly Southern Energy Inc.). Evans is a graduate of Emory University and the Booth/Kellogg program, CEO Perspectives. He lives in Atlanta with his wife, Faye.
Greene began her career at Southern Company in 1991, progressing through various areas of engineering, operations and finance. She has served as COO since 2014, a role she assumed one year after returning to Southern Company as president and CEO of Southern Company Services. Prior to returning to Southern Company, she spent five years at Tennessee Valley Authority serving in executive roles including chief financial officer and chief generation officer. Greene earned a bachelor's degree in engineering science and mechanics from the University of Tennessee, a master's degree in biomedical engineering from the University of Alabama at Birmingham and a master's degree in business administration from Samford University. She serves on the board of Valero Energy Corporation.
Connally has served as CEO of Gulf Power since 2012. He joined the Southern Company system in 1989 as a co-op student at Georgia Power's Plant Yates. After holding several positions in various functional areas, including customer operations, sales and marketing, and power generation, he was named sales manager for Georgia Power's central region in 1998. Connally later served as plant manager of Mississippi Power's Plant Watson and Plant Daniel and eventually plant manager of Plant Barry at Alabama Power. Prior to joining Gulf Power, he was senior vice president and senior production officer for Georgia Power. Connally earned a bachelor's degree in mechanical engineering from Georgia Institute of Technology and completed the executive education program at Emory University. He serves on the board of the Electric Power Research Institute (EPRI) and Capital City Bank Group.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/17/2018Prepare now for increased energy use during the heat of summer
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 12, 2018 /PRNewswire/ -- With the heat of summer just around the corner, Georgia Power encourages customers to prepare now 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.
Conduct a Rate Plan Review
Georgia Power offers a variety of flexible and customizable rate plans to fit every lifestyle. Ensuring that you are on the most economical rate plan for your use is one of the most effective ways to keep your energy costs low.
Customers can explore Georgia Power rate plans at www.GeorgiaPower.com/Pricing, including:
Tips, Tools & Resources
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. The website also includes access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses.
Simple summer tips to save money and energy include:
Additionally, Georgia Power's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Bill Payment Assistance
Georgia Power also offers bill payment assistance. The company works with customers to coordinate payment arrangements and discounts such as the Low-Income Senior Citizens Discount, and can connect them with community organizations that may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information is available at www.GeorgiaPower.com/Assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/12/2018Plant Farley Unit 1 planned activities underway for the continued production of clean, safe, reliable and affordable nuclear energy
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., April 10, 2018 /PRNewswire/ -- On Sunday, April 8, at 11 a.m. central time, Unit 1 of the Joseph M. Farley Nuclear Plant began a planned refueling and maintenance outage. In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components to enhance efficiency and reliability.
"Our number one priority during this outage is safety, and the keys to our success are our outstanding employees and supporting partners," said Site Vice President Dennis Madison. "I am proud of the preparations we have made as one team, and every team member is putting forth a total commitment to accomplish this refueling outage at the highest levels of safety and performance."
Each unit at Plant Farley requires new fuel every 18 months. The most recent refueling outage for Unit 1 was completed in the fall of 2016.
Employees from across the Southern Nuclear fleet are assisting Farley's staff of more approximately 900 in the refueling effort. More than 800 additional alliance partners and vendors are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Farley Unit 2 continues to generate electricity while Unit 1 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
4/10/2018Georgia Power celebrates Earth Month this April
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 5, 2018 /PRNewswire/ -- Georgia Power is celebrating April as Earth Month with employees across the state engaged in environmental service projects throughout the month. Each year, hundreds of employees volunteer to help clean up the state's waterways, plant trees and bushes, host local park cleanups and more. The annual event is part of the company's longstanding mission to be a Citizen Wherever We Serve and to protect and preserve the state's natural resources.
"Environmental stewardship is a core value for every Georgia Power employee in every community in which we serve," said Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "For more than a century, we have been committed to taking care of the state we all call home and this commitment really shines during Earth Month."
In addition to Earth Month events, Georgia Power sponsors and participates in river and lake cleanups around the state throughout the year. These events are hosted and sponsored by Georgia Power through Southern Company's Renew Our Rivers initiative. The company is also a corporate sponsor of Rivers Alive, a volunteer waterway cleanup initiative targeting streams, rivers, lakes, beaches and wetlands across Georgia. Since 2003, Georgia Power employees and other volunteers statewide have removed more than 2 million pounds of trash through the program.
Georgia Power is committed to not only keeping the state's waterways clean, but also finding new technologies to reduce, conserve and improve the quality of water returned to the environment from power plants. Through a partnership with other utilities and the Electric Power Research Institute (EPRI), the company continues to conduct innovative research projects at its Water Research Center at Plant Bowen near Cartersville, Georgia. Research is focused on wastewater treatment to conserve and reuse water more efficiently. To learn more, visit www.GeorgiaPower.com/Environment.
Georgia Power PSA Highlights Importance of Water
A Georgia Power public service announcement (PSA) on the air this month highlights the importance and impact volunteers have on protecting and preserving Georgia's more than 70,000 miles of streams and rivers. The PSA, will be on the air this month and will be distributed by the Georgia Association of Broadcasters, produced in English and Spanish, encourages Georgians to visit www.GeorgiaPower.com/River to find a river to clean up near them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/5/2018Georgia Power, employees and Georgia Power Foundation invest $21 million to improve Georgia communities in 2017
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 4, 2018 /PRNewswire/ -- Georgia Power today released its total charitable giving impact for 2017, including more than $21 million total invested by the company, The Georgia Power Foundation, Inc. and employees in Georgia communities and non-profit organizations throughout the year. Last year alone, 6,000 Georgia Power employees and retirees donated their time to help their neighbors and improve the quality of life in their communities by completing more than 147,000 volunteer hours.
"For more than 100 years, we have been committed to making Georgia the best place to live and work through investments in Georgia communities and organizations," said Sloane Evans, vice president of Human Resources for Georgia Power. "We truly believe that employee-led volunteer efforts have the most impact and are proud that our thousands of employees share a joint mission to be a Citizen Wherever We Serve."
Georgia Power's $21 million in total 2017 giving included:
To learn more about Georgia Power's commitment to the community, including company's annual citizenship, visit GeorgiaPower.com/Community. To keep up with Georgia Power's active volunteer and giving efforts every day, follow the company on Twitter @GeorgiaPower and #GaPowerfulService.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
4/4/2018Georgia Power customers to see $25 credit on April bills
Source: PR Newswire
ATLANTA, April 3, 2018 /PRNewswire/ -- The first of three $25 credits for the Vogtle nuclear expansion will be applied to Georgia Power customers' bills beginning this month. $75 in total 2018 bill credits, or $188 million overall, were approved by the Georgia Public Service Commission (PSC) as part of its order to continue construction of Vogtle 3 & 4 in December 2017. The credits are a direct result of parent guarantee payments for the project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
Additionally, the Georgia PSC today approved a plan to deliver $1.2 billion in customer benefits due to the Tax Cuts and Jobs Act. The benefits were confirmed in March as part of an agreement with Georgia PSC Staff and include approximately $130 million in reduced taxes on financing costs for the Vogtle nuclear expansion; $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. Under the plan, 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.
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In addition to the 2018 bill credits, the company recently announced a lower projected rate impact for customers of 9.8 percent with more than half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
Customers will also save money throughout 2018 following the recent approval by the Georgia PSC of Georgia Power's updated 2018 Nuclear Construction Cost Recovery (NCCR) tariff. The tariff allows the company to collect financing costs for the Vogtle expansion every month, a structure which saves customers hundreds of millions of dollars by reducing financing and borrowing costs, while also phasing the new units into rates over time helping to avoid "rate shock" once the new units come online. As a result of the Toshiba parent guarantee payments and changes in federal tax law, customers will pay $139 million less than expected in 2018 for the Vogtle project with the typical residential customer using 1,000 kilowatt-hours per month paying $1 less each month than they did in 2017.
To learn more about Georgia Power's commitment to safe, clean, reliable and affordable energy, including the Vogtle 3 & 4 nuclear expansion, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
4/3/2018Annual Thank a Lineman campaign recognizes importance of line workers to electric reliability in Georgia
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, April 2, 2018 /PRNewswire/ -- 2018 marks the sixth year that Georgia Power has partnered with the state's other electric utilities to celebrate and thank linemen across Georgia. Linemen work in communities throughout Georgia every day, but their work is especially evident following spring and summer thunderstorms, tornadoes, hurricanes and snow and ice storms in the winter.
During Georgia Power's 2018 Thank a Lineman initiative, saying "thank you" is easy simply by signing the digital card at www.georgiapower.com/thankalineman. Additionally, Georgians can celebrate and engage with linemen stories and videos on social media by using and following #ThankALineman and visiting Georgia Power's Facebook (www.facebook.com/GeorgiaPower), Twitter (@GeorgiaPower) and Instagram (@ga_power) pages.
"Our line personnel are committed to safety and reliability every day. They represent all walks of life and truly serve as the front line in keeping the lights on for our customers," said Pedro Cherry, executive vice president of customer service and operations for Georgia Power. "The work they do is exceptional and I personally thank them for their hard work."
2017 was an exceptionally active year for Georgia Power line crews including multiple snow and ice storms and most notably, Hurricane Irma. When Hurricane Irma struck Georgia in September 2017, more than 8,000 Georgia Power line personnel and linemen from assisting utilities across 23 states converged to assist in restoring power to more than 950,000 customers – more than half the Georgia Power's residential customer base. Working safely, line personnel fully restored power to the affected customers earlier than expected and replaced nearly 1,500 broken or damaged power poles, more than 6,000 spans of wire (or nearly 230 miles), nearly 2,400 fallen trees and approximately 450 transformers damaged.
A Powerful Assistance Network
In addition to serving the customers 2.5 million customers in Georgia, Georgia Power linemen are often called away from their families to help restore power when major storms or disasters occur as a part of the company's involvement in the mutual assistance network. Most notably, crews traveled all the way to Puerto Rico to assist in storm restoration following Hurricane Maria. Thanks in large part to these linemen, the company has received recognition from the Edison Electric Institute (EEI) for outstanding emergency response, including multiple Emergency Recovery Awards and the Emergency Assistance Award.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/2/2018Georgia Power stresses safety during spring storm season
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 30, 2018 /PRNewswire/ -- Spring storm season is here and Georgia Power is encouraging customers to be prepared when severe weather strikes. According to the National Weather Service, an average of 30 tornadoes occur in Georgia every year, however in 2017, more than 100 tornadoes were confirmed across the state. While March, April and May are typically the most active months for severe thunderstorms and tornadic activity, they can strike at any time.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Georgia Power Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-stresses-safety-during-spring-storm-season-300622233.html
SOURCE Georgia Power
Article Date
3/30/2018306-ton Unit 4 Reactor Vessel placed at Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 29, 2018 /PRNewswire/ -- Georgia Power announced today the placement of the nuclear reactor vessel inside Unit 4 containment at the Vogtle nuclear expansion project near Waynesboro, Georgia. Standing 35 feet tall, the reactor vessel functions as a heat source from the nuclear fission process to produce steam that will generate electricity for homes and businesses throughout Georgia. Click here to view a time-lapse video of the placement, which took approximately six hours.
The Vogtle nuclear expansion is being completed using components and materials from across the United States, as well as being delivered via an international supply chain. The 306-ton reactor vessel was fabricated by Doosan Heavy Industries in South Korea, shipped through the Port of Savannah and arrived at the construction site via train on a specialized rail car.
The placement of the reactor vessel is the latest milestone accomplished at the Vogtle site. Earlier this month, Georgia Power announced the placement of 2,400 cubic yards of concrete for the Unit 4 "turbine tabletop." The company also 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. The report also noted improved productivity with direct construction work tracking ahead of the plan to achieve the target in-service dates of November 2021 (Unit 3) and November 2022 (Unit 4).
In addition to the time-lapse video of the reactor vessel placement, Georgia Power has released a new aerial video of the Vogtle expansion site. The video, available here, provides a bird's-eye view inside the nuclear containment areas of Units 3 and 4, as well as the turbine buildings where electricity will be generated. To follow the progress with new photos every month, visit the Plant Vogtle 3 & 4 Online Photo Gallery.
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. The 18th VCM Report also noted a revised, lower projected rate impact for customers of 9.8 percent with more than half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
In January, Georgia Power announced that customers would pay $139 million less than expected in 2018 for the Vogtle nuclear expansion due to changes in federal tax laws and full receipt of the Toshiba parent guarantee payments. Beginning in April, the typical residential customer using 1,000 kilowatt-hours per month will pay $1 less per month in 2018 for financing costs for the Vogtle project. Additionally, Georgia Power bill credits totaling $188 million were approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 as a direct result of the Toshiba parent guarantee payments. The credits, amounting to $75 per individual customer, will be distributed across three separate Georgia Power bills in 2018.
Click here to read more about the latest savings and benefits announced for Georgia Power customers.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected in-service dates for Plant Vogtle Units 3 and 4, expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/306-ton-unit-4-reactor-vessel-placed-at-vogtle-nuclear-expansion-300622029.html
SOURCE Georgia Power
Article Date
3/29/2018Georgia Power announces redemption of Series 2008B 5.40% Senior Notes due June 1, 2018
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 28, 2018 /PRNewswire/ -- Georgia Power today announced the redemption, on April 27, 2018 (the "Redemption Date"), of all $250 million aggregate principal amount of its Series 2008B 5.40% Senior Notes due June 1, 2018 (the "Notes").
The redemption price will be equal to the greater of: (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (not including any portion of such payments of interest accrued to the Redemption Date), plus, in each case, accrued interest thereon to the Redemption Date.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/28/2018Get air filters delivered to your home through Alabama Power's Smart Neighbor
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., March 28, 2018 /PRNewswire/ -- Smart Neighbor by Alabama Power is offering a new Air Filter Subscription Service for customers interested in improving home air quality and the efficiency of their heating and cooling systems.
The service is a subscription that conveniently sends customers air filters for a year. The filters come in packs of four, and each filter lasts up to 90 days. The subscription includes email reminders of when to change out the filters.
Four types of air filters selected by Smart Neighbor experts are available:
Many people do not realize that by changing out their air filters every three months, their HVAC system will perform more efficiently and use less energy.
"This new service makes it easier for our customers to keep their HVAC systems operating at peak performance while saving energy and improving air quality in their homes," said Alabama Power Director of Digital Strategy Anthony Oni.
Customers with multiple heating and cooling units can opt in to receive a 4-pack of filters monthly.
To subscribe to the Air Filter Subscription Service, or to learn more about the benefits of regularly changing out air filters, visit www.smartneighbor.com/filters.
Smart Neighbor by Alabama Power helps customers live a more energy-smart life. From home energy solutions to cutting-edge technology, Smart Neighbor offers expertly picked products and services that provide efficiency, convenience and savings for customers. Learn more at www.smartneighbor.com.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
3/28/2018Gaskell West 1 Solar Facility in California begins commercial operation
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 28, 2018 /PRNewswire/ -- Southern Power has announced the commercial operation of the 20-megawatt (MW) Gaskell West 1 Solar Facility in Kern County, California. This project marks Southern Power's fifth solar facility within the county and 12th solar facility within the state to come online.
Construction of the approximately 280-acre project began in October 2017 and created 220 peak construction jobs. Southern Power acquired the facility in January 2018 from the project developer, Recurrent Energy, a wholly owned subsidiary of Canadian Solar. D.H. Blattner & Sons, Inc. performed the engineering, procurement and construction (EPC) services for the photovoltaic field, and Dashiell Corporation performed the high-voltage EPC.
Gaskell West 1 consists of approximately 85,710 modules manufactured by Canadian Solar. First Solar Energy Services will operate and maintain the facility, and Southern California Edison is purchasing the electricity and associated renewable energy credits (RECs) generated under a 20-year power purchase agreement and will have the option to keep or sell the associated RECs.
This project aligns with Southern Power's business strategy of acquiring and developing projects covered by long-term contracts with counterparties with strong credit support.
Southern Power owns more than 3,500 MW of renewable generation from 38 solar, wind and biomass facilities either announced, acquired or under construction across the U.S. In all, the Southern Company system has added or announced more than 6,500 MW of renewable generation since 2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 48 facilities operating or under development in 11 states with more than 12,800 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development. Visit our website at www.southerncompany.com.
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SOURCE Southern Power
Article Date
3/28/20183/27/2018 - Florida Public Service Commission unanimously Approves Florida City Gas Rate Case Settlement
Florida Public Service Commission unanimously Approves Florida City Gas Rate Case Settlement
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
MIAMI, March 27, 2018 /PRNewswire/ -- Florida City Gas is committed to Florida's economic development and meeting the growing energy demands of the region by continuing to make significant investments in modernizing its system and ensuring gas supply for future growth. The Florida Public Service Commission (FPSC) has unanimously approved the rate case settlement jointly developed by Florida City Gas, the Office of Public Counsel, and other parties to the case. Among other things, the $11.5 million approved revenues will be used to develop Florida's first liquefied natural gas (LNG) facility, an infrastructure solution that is expected to enable the company to maintain its high levels of service for the foreseeable future.
"Positive on so many levels, this agreement will help ensure that we have clean, safe, reliable natural gas service at affordable rates while at the same time creating local jobs," said Carolyn Bermudez, vice president of Florida City Gas.
With the proposed rate increase, the typical residential customer will experience an average increase of $1.45 per month or 5.3 percent. The settlement also reflects the $4.6 million net savings to customers as a result of Florida City Gas's implementation of federal tax reform legislation enacted in December 2017.
Additionally, the Florida City Gas rate case settlement establishes a storm reserve fund to adequately support restoration efforts for weather-related events.
"We applaud the work of all of the parties in the case and the constructive regulatory environment that enables us to continue investment in Florida," said Bryan Batson, president of Florida City Gas.
Florida City Gas has not requested a base rate increase in over 14 years. The FPSC is expected to issue a final order by mid-April and the new approved rate will become effective June 1.
About Florida Gas
Florida City Gas is one of seven natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Florida City Gas serves approximately 109,000 residential and commercial natural gas customers in Florida's Miami-Dade, Brevard, St. Lucie, and Indian River counties. For more information, visit floridacitygas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Florida City Gas
Article Date
3/27/2018Upgrade your home for spring with new products on Georgia Power Marketplace
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 26, 2018 /PRNewswire/ -- Georgia Power announced today the latest smart-home products now available on Georgia Power Marketplace – the Singled Pulse, Lutron Smart Lighting and LED bulbs, as well as a variety of water-savings products. Georgia Power Marketplace brings the most popular energy saving and smart-home products to a single convenient online portal and simplifies the rebate process for Georgia Power customers.
New products available this spring on Georgia Power Marketplace:
Making the right technology and energy choices is easy on Georgia Power Marketplace with live chat and customer support for online shoppers, as well as buyers' guides for a variety of products that can help customers determine which one is right for them. Free shipping is also available for orders over $49.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step- by-step energy improvement instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/upgrade-your-home-for-spring-with-new-products-on-georgia-power-marketplace-300619675.html
SOURCE Georgia Power
Article Date
3/26/2018Spring into energy savings with tips from Georgia Power
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 20, 2018 /PRNewswire/ -- Today is the first day of Spring and Georgia Power reminds customers to spring into energy savings by focusing on energy efficiency throughout the house. Spring is a great time to evaluate home energy usage and make adjustments and upgrades that can deliver big savings during the heat of summer.
Spring tips from Georgia Power include:
Saving Made Easy
Georgia Power offers customers convenient and valuable energy saving tools and resources online at www.georgiapower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses, through programs such as the Residential HVAC Service Program and the Refrigerator Recycling Program. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel. Customers can also visit Georgia Power Marketplace online at www.georgiapowermartketplace.com to purchase the most popular energy saving products from smart thermostats to LED lighting.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/spring-into-energy-savings-with-tips-from-georgia-power-300617087.html
SOURCE Georgia Power
Article Date
3/20/20183/19/2018 - Georgia Power prepared for severe weather Monday
Georgia Power prepared for severe weather Monday
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 19, 2018 /PRNewswire/ -- With the threat of severe weather, including heavy thunderstorms and possible tornadoes today, Georgia Power is monitoring the changing weather conditions and prepared to respond to any service interruptions which may occur.
The company encourages customers to be prepared today with a plan in case of power outages. After a storm, Georgia Power reminds customers to never approach, touch or attempt to move a downed power line. Customers should call 911 or Georgia Power immediately if they see a fallen or low-hanging power line.
Tools You Can Use
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-prepared-for-severe-weather-monday-300616067.html
SOURCE Georgia Power
Article Date
3/19/2018Georgia Power renewable growth to continue throughout 2018
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
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). The three projects will be developed in Central, South and Southwest Georgia and represent the largest individual solar projects in state history.
"Renewable energy, including solar developments of all sizes in all parts of the state, plays an important role in the diverse generation mix we use to serve customers," said Wilson Mallard, director of Renewable Development for Georgia Power. "As we continue to grow renewable resources in 2018 and beyond, we're focused on ensuring that every project that comes online helps us keep energy reliable and affordable for our customers, today and in the future."
New REDI Projects
Under the REDI program, First Solar, through its subsidiary Twiggs County Solar LLC, entered into a PPA with Georgia Power and will build a 200-MW solar installation on 2,000 acres of land in Twiggs County near Warner Robins. With anticipated completion in 2019, it is expected to be the largest stand-alone photovoltaic solar plant in the southeastern United States. Additionally, Invenergy Solar Development North America, through its subsidiary Camilla Solar Energy LLC, entered into a PPA with Georgia Power and will build a 160-MW solar project in Camilla, near Albany. A third REDI PPA was also approved; NextEra Energy Resources, through its subsidiary Quitman Solar LLC, will build a 150-MW project in Quitman, near Valdosta.
These new projects were selected from competing bids submitted to Georgia Power's 2017 REDI Request for Proposal process. This competitive process, a key element in multiple Georgia Power programs, helps ensure that new renewable projects do not put upward pressure on customer rates.
Solar Installation Collaborations
Georgia Power also continues to collaborate with the U.S. military to identify opportunities to grow renewable energy and secure the state's military installations. Large-scale military solar projects have been built over the past several years and are currently in service at Fort Benning, Fort Gordon, Fort Stewart, SUBASE Kings Bay and the Marine Corps Logistics Base Albany. In 2017, Georgia Power announced a new 139-MW solar project at Robins Air Force Base, which is expected to break ground in 2018. Additionally, the company is working with the University System of Georgia through the development of two large scale solar projects at Fort Valley State University and Georgia College and State University. These two university projects will assist with broadening student expertise and knowledge about renewable development as the solar industry continues to grow in Georgia.
Future Solar Growth
Through implementation of its various renewable programs approved by the Georgia PSC through the end of 2017, Georgia Power expects to add up to 1,600 MW of additional renewable energy by 2021. Through approved programs and projects, Georgia Power is committed to helping all customers meet their renewable energy needs. Most recently, the company introduced Community Solar, a program for residential customers that gives subscribers a bill credit based on actual solar energy production at Georgia Power's Community Solar facilities. To learn more about Georgia Power's optional subscription programs such as Community Solar and also Simple Solar, as well as solar tools and resources, visit www.georgiapower.com/Solar.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits ("RECs") is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected renewable growth and the development and completion of construction of current and future solar projects. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/13/2018Atlanta's first Smart Neighborhood(TM) features latest smart-home technologies
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 8, 2018 /PRNewswire/ -- Atlanta's first Smart NeighborhoodTM, a development of Georgia Power and PulteGroup, Inc. (NYSE: PHM), will feature the latest home innovation technologies thanks to collaboration with leading partners from multiple industries. The Georgia Power Smart Neighborhood, a part of Pulte's Altus at the Quarter development, is located in Atlanta's Upper West Side, one of the city's most vibrant and popular areas.
"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. "We are proud to unite industry leaders that bring a shared commitment to customer innovation, as well as unmatched industry expertise in their areas, and understand the value that a smart, connected new home offers for homebuyers."
"We are always looking for new ways to innovate and provide consumer inspired features in our homes," said Brent Landry, vice president of operations for PulteGroup. "The convergence of multiple, high-quality partners on this particular community is sure to yield some exciting results for each of us and our homeowners."
State-of-the-art home automation, solar energy and battery storage are key elements of the Georgia Power Smart Neighborhood. Participating partners include:
Georgia Power is the largest electric subsidiary of Southern Company, which emphasizes the importance of robust research and development to better serve customers. The Smart Neighborhood initiative, including separate projects with Georgia Power and its sister operating company Alabama Power, reinforces Southern Company's commitment to research and development (R&D) to benefit 9 million customers in the United States. Georgia Power also continues to conduct R&D through programs developed with and approved by the Georgia Public Service Commission such as separate solar energy research projects with the University of Georgia and Mercedes-Benz Stadium.
In addition to the technology partners above, Georgia Power is also collaborating with Southern Company R&D to better understand the interactions between rooftop solar and in-home battery storage and the existing electric grid for energy efficient homes. Additional research partners include the U.S. Department of Energy's Oak Ridge National Laboratory, which will be developing the Smart Neighborhood's home energy optimization platform that will intelligently schedule each homes' major appliances, in coordination with solar and batteries, to minimize cost while optimizing each homeowner's comfort. Additionally, the Electric Power Research Institute (EPRI) is providing design guidance, data analysis and final reports for the Smart Neighborhood project.
The partnership with Georgia Power is another example of PulteGroup's commitment to sustainability. The first 46 townhomes developed at Altus at the Quarter will be a part of the Georgia Power Smart Neighborhood and will feature the Hutton floor plan featuring 2,349+ sq. ft. four-story townhome with 3-4 bedrooms and 2-car garage. The community is located at the intersection of Marietta Boulevard and Bolton Drive. Development is underway with the grand opening scheduled for later this year. Click here to learn more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in approximately 50 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide homebuyers with innovative solutions and consumer inspired homes and communities to make lives better. For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroupinc.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com and www.jwhomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.
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SOURCE Georgia Power
Article Date
3/8/20182,400 cubic yards of concrete placed for Vogtle Unit 4 "turbine tabletop"
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
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. Recent major progress includes 1,300 cubic yards of concrete placed inside the Unit 4 containment vessel in a continuous, 21-hour placement in December 2017. Additionally, in November 2017, the last of the "Big 6" modules for the project was placed – the Unit 4 CA02 module, which will make up the in-containment refueling water storage tank.
This continued progress has been achieved with Southern Nuclear, the nuclear operating subsidiary which operates the existing Vogtle units, as the project manager at the site with global construction firm Bechtel managing daily construction efforts. Southern Nuclear assumed overall project management in 2017 following the bankruptcy of former primary Vogtle contractor Westinghouse. According to the 18th VCM Report, productivity has improved at the site and direct construction work is currently tracking ahead of the plan to achieve the target in-service dates of November 2021 (Unit 3) and November 2022 (Unit 4).
To follow the progress, visit the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked with the Georgia PSC to pursue all available benefits for customers and minimize the impact of the new units on electric bills. The 18th VCM Report also noted a revised, lower projected rate impact for customers of 9.8 percent with more than half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits (PTCs), interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
In January, Georgia Power announced that customers would pay $139 million less than expected in 2018 for the Vogtle nuclear expansion due to changes in federal tax laws and full receipt of the Toshiba parent guarantee payments. Beginning in April, the typical residential customer using 1,000 kilowatt-hours per month will pay $2.70 less than expected per month in financing costs for the Vogtle project. Additionally, Georgia Power bill credits totaling $188 million were approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 as a direct result of the Toshiba parent guarantee payments. The credits, amounting to $75 per individual customer, will be distributed across three separate Georgia Power bills in 2018, with the first $25 credit appearing in the coming months.
Click here to read more about the latest savings and benefits announced for Georgia Power customers.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected in-service dates for Plant Vogtle Units 3 and 4, expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/7/20183/6/2018 - Georgia Power customers to receive $1.2 billion in benefits from the Tax Cuts and Jobs Act
Georgia Power customers to receive $1.2 billion in benefits from the Tax Cuts and Jobs Act
Source: PR Newswire
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. The benefits were confirmed as part of an agreement with Georgia Public Service Commission (PSC) Staff and include approximately $130 million in reduced taxes on financing costs for the Vogtle nuclear expansion; $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.
"We are committed to offering the highest customer value with rates below the national average, and we're pleased to be able to continue to pass the benefits of the new tax laws on to our customers," said Paul Bowers, chairman, president and CEO of Georgia Power. "We appreciate the collaborative effort with Georgia PSC Staff to evaluate the new tax laws and reach a joint agreement, which we hope the Commission will review and approve as the best way to deliver benefits to customers as quickly as possible."
Today's announcement marks the second substantial, positive impact for Georgia Power customers tied to the new tax laws. In January, Georgia Power announced that customers would pay $139 million less than expected in 2018 for the Vogtle nuclear expansion currently under construction due to changes in federal tax laws and full receipt of the Toshiba parent guarantee payments. Beginning in April, the typical residential customer using 1,000 kilowatt-hours per month will pay $2.70 less than expected per month in financing costs for the Vogtle project. Additionally, Georgia Power bill credits totaling $188 million were approved by the Georgia PSC as part of its order to continue construction of Vogtle 3 & 4 as a direct result of the Toshiba parent guarantee payments for the Vogtle project. The credits, amounting to $75 per individual customer, will be distributed across three separate Georgia Power bills in 2018, with the first $25 credit appearing in the coming months.
Georgia Power is currently authorized by the Georgia PSC to earn a return on equity (ROE) of 10 percent to 12 percent per year. The company works to efficiently manage its business while providing customers with reliable and affordable service and recently announced a 2018 refund of $43.6 million attributed to the company earning above its allowed range in 2016. Refunds are currently in progress and typical residential customers can expect to see a credit of approximately $9.50 on Georgia Power bills issued in March.
To learn more about how Georgia Power is delivering reliable and affordable energy for millions of Georgians, while keeping energy costs as low as possible, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the agreement with the Georgia PSC staff. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the uncertainty surrounding recently enacted tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including those related to the agreement with the Georgia PSC staff; changes in Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; and the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/6/2018Plant Hatch Unit 1 returns to service after loading first of its kind, industry-changing fuel technology
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
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. This technology has industry-changing safety and efficiency advantages and is the first of its kind to be installed in a commercial nuclear reactor.
"We were thrilled to install the new test assemblies at Plant Hatch," said John Williams, Southern Nuclear nuclear fuel director. "Our top priority is the safety and health of the public and our employees, and this game-changing technology will make plants even safer, resulting in more flexibility in our operations. This is not a small step, but a leap for our industry."
The last refueling outage for Unit 1 was completed in spring 2016. Each unit at Plant Hatch requires new fuel every 24 months. In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components.
Plant Hatch Unit 2 continued to safely generate electricity while Unit 1 was offline and refueling.
"I'm proud of the work we accomplished during this outage and the advancements we made to Unit 1, and I commend our team for their focus on working safely and efficiently," said Plant Hatch Vice President David Vineyard. "The work we perform during our outages is a significant investment in our facility. Unit 1 is positioned not just for the next 24 months, but for years of continued safe and reliable electricity production."
Employees from across the Southern Nuclear fleet assisted Plant Hatch's staff of more than 900 in the refueling effort. More than 800 additional workers from General Electric, Day and Zimmerman, and other partners were on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage. Southern Nuclear, a subsidiary of Southern Company, operates Plant Hatch on behalf of Georgia Power and co-owners Oglethorpe Power, MEAG Power and Dalton Utilities.
For more information about the accident tolerant fuel test assembly load, read the news release issued by Global Nuclear Fuel.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
3/6/2018Georgia Power highlights the importance of literacy during Get Georgia Reading Month
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
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.
"Literacy skills are the foundation for academic success in the classroom regardless of grade level or field of study," said Amy Hutchins, education and workforce development manager for Georgia Power. "Participating in Get Georgia Reading Month is part of our longstanding support of education as what is taught in classrooms is key to preparing a highly skilled workforce of the future."
In addition to classroom involvement, the Learning Power program has produced and published four books focused on energy education, reinforcing the importance of literacy. The books include Power Savers – The Adventures of Savvy and Squander; Joining the Watt Squad – The Adventures of Savvy and Squander; Savvy and Squander Learn How to Make and Save Electricity with Dr. E; and Savvy and Squander Saving Energy with Emerald and Dr. E. These books are used as part of Learning Power's curriculum for Pre-K through second grade and Learning Power summer programs with each student receiving a copy of a book to take home.
Georgia Power's commitment to education spans its more than 100-year history and is emphasized companywide. The company offers free resources for educators including interactive diagrams, an online energy calculator, access to power plant tours and more. Other efforts to enhance and improve education in Georgia include partnerships with groups such as Literacy Action, Junior Achievement and assistance grants for new teachers awarded annually across the state. For more information about Georgia Power's initiatives and programs, visit www.georgiapower.com/education.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
3/2/2018Georgia Power ash pond closure efforts continue across the state in 2018
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
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. Additionally, construction activities are currently underway at multiple sites with closure construction efforts expected to be completed at six additional ash ponds at Plants McDonough, McManus, Hammond and Yates this year.
"We took early action to quickly and safely begin closing all of our ash ponds with our top priority being to protect water quality every step of the way," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We are working well in advance of regulatory deadlines and posted groundwater results 18 months ahead of today's required federal deadline. Additionally, we are exceeding state and federal requirements by completely excavating 17 ash ponds adjacent to waterways and using advanced engineering methods to close the remaining 12 in place on our property."
Georgia Power's ash pond closure plans were designed to fully comply with the federal Coal Combustion Residuals (CCR) Rule, as well as the more stringent requirements of Georgia's state CCR Rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The rule regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the Georgia Environmental Protection Division (EPD) will approve all actions to ensure ash pond closures are protective of water quality.
Protecting Water Quality Throughout Ash Pond Closure Process
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells around its ash ponds and on-site landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The first round of testing was completed with results published in August 2016, more than 18 months ahead of federal requirements, and the company has regularly posted testing results on Georgia Power's website and reported them to the Georgia EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.
Georgia Power has been a leader in the industry with its ash pond closure process and is making significant progress in executing the company's aggressive strategy to permanently close its ash ponds. Ash pond closures are site-specific and balance multiple factors such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers. In 2016, the company announced that all ash ponds will stop receiving coal ash in three years and the significant construction work necessary to accommodate the dry-handling of ash is on track to be completed in 2019.
Georgia Power remains committed to removing all coal ash from 17 ash ponds located adjacent to lakes or rivers and using advanced engineering methods and technologies to close the remaining 12 ash ponds in place. The ash from all ash ponds will either be relocated to a permitted landfill, consolidated with other closing ash ponds on-site or recycled for beneficial use. Approximately 50 percent of the coal ash Georgia Power produces today is recycled for various uses such as Portland cement, concrete and cinder blocks.
Protecting Georgia's water quality includes surface waters such as lakes and rivers through comprehensive and customized dewatering processes. As announced in August 2017, Georgia Power's efforts to dewater its ash ponds are well underway and, similar to the process in place for groundwater monitoring, results are posted to Georgia Power's website and reported to the Georgia EPD. The company's dewatering process treats the water removed from the ash ponds to ensure that it meets the requirements of each plant's wastewater discharge permits approved by the Georgia EPD and is protective of applicable water quality standards. Read more here.
Ensuring Reliable Energy Throughout Ash Pond Closure Process
The company continues to work to ensure reliable electricity for customers during the significant construction work that must take place within each generating plant, including some of the nation's largest power plants at Plants Bowen and Scherer, to accommodate the handling of dry ash and complete the ash pond closure process. These efforts include conducting work when the plants are on planned outages or as customer demand allows operations to accommodate the work.
Georgia Power delivers clean, safe, reliable and affordable energy through a diverse generation mix, which includes renewable energy, such as wind and solar, along with natural gas, nuclear and coal-fired generation. Over the last five years, Georgia Power has safely retired or fuel-switched approximately 4,000 MW of coal and oil-fired generation and the company's coal-fired generation capacity is nearly half of what it was in 2005.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations governing air, water, land, and protection of other natural resources, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/2/2018Southern Power chairman, president and CEO Joseph "Buzz" Miller announces retirement, effective April 1
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, March 1, 2018 /PRNewswire/ -- After 32 years of service to Southern Company, Joseph "Buzz" Miller, chairman, president and CEO of Southern Power, has announced his retirement, effective April 1.
Mark Lantrip, Southern Company Services chairman, president and CEO, will serve as interim chairman, president and CEO of Southern Power until a permanent replacement is chosen.
Miller began his Southern Company career with Alabama Power in 1986. After a series of roles of increasing responsibility, he was assigned to Washington, D.C. in 1993 as federal affairs manager. In 1998, he served as assistant to Southern Company chairman, president and CEO, Bill Dahlberg. In 1999, Miller returned to Washington as vice president of governmental relations. In 2006, Miller was asked to lead the development of Plant Vogtle units 3 and 4, the first new nuclear units to be built in the United States in over 30 years.
Miller assumed his role at Southern Power in February 2016. Since that time, he has guided the company's growth in natural gas, wind and solar wholesale generation.
"On behalf of Southern Company, I want to thank Buzz for his leadership during his career across a number of our business units," Southern Company chairman, president and CEO Tom Fanning said. "His efforts were essential during the early stages of the Vogtle units 3 and 4 nuclear construction project, the first of its kind in the U.S. in over 30 years. We wish Buzz all the best in his future endeavors."
A 1983 graduate of Auburn University, Miller is a 2015 inductee into the state of Alabama Engineering Hall of Fame, and a graduate of the Massachusetts Institute of Technology reactor technology course for utility executives. He also serves as a member of the Engineering Alumni Council at Auburn University.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
3/1/2018Mississippi Power announces quarterly dividend
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
GULFPORT, Miss., March 1, 2018 /PRNewswire/ -- Mississippi Power today announced a regular quarterly dividend on the company's outstanding preferred stock as follows:
This dividend is for the quarter ending March 30, 2018, payable April 2, 2018, to shareholders of record on March 15, 2018.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. With nearly 160 megawatts of approved solar energy capacity, Mississippi Power is the largest partner in providing renewable energy in the state of Mississippi. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
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SOURCE Mississippi Power
Article Date
3/1/2018Vogtle 3 & 4 to have lower rate impact for Georgia Power customers
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 28, 2018 /PRNewswire/ -- Georgia Power today filed its 18th Vogtle Construction Monitoring (VCM) Report with the Georgia Public Service Commission (PSC). The 18th VCM Report, available here, includes a revised, lower projected rate impact for customers and outlines continued progress and productivity improvement at the construction site near Waynesboro, Georgia. The report also reaffirms the target in-service dates of November 2021 (Unit 3) and November 2022 (Unit 4) and that completing the new units remains the best cost option to meeting the future energy needs of Georgia.
The company files a VCM Report every six months to provide an update on construction progress and other information related to the construction of the nation's only new nuclear units. Today's filing chronicles the last six months of 2017 and marks the first VCM update since Georgia Power received unanimous approval from the Georgia PSC in December 2017 to move forward with construction of Vogtle 3 & 4.
Savings & Benefits for Customers
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. The projected peak rate impact for customers included in today's report has been reduced to 9.8 percent with more than half of this impact already in place on bills. This projected rate impact is well below original projections of approximately 12 percent thanks to new federal tax laws, anticipated customer benefits from federal production tax credits (PTCs), interest savings from loan guarantees from the U.S. Department of Energy (DOE), and the fuel savings of nuclear energy.
Over the past several months, the company has announced multiple positive developments delivering savings and benefits for customers and reducing the expected cost of the plant, including:
Progress & Productivity
Vogtle 3 & 4 remains the most important energy infrastructure project currently underway in Georgia with more than 6,000 workers onsite and approximately 800 full time careers once the new units begin operating. The 18th VCM Report illustrates that, following the Westinghouse bankruptcy in March 2017, all Vogtle co-owners worked together to mitigate impacts and maintain the project's momentum. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site with global construction firm Bechtel managing daily construction efforts.
According to the 18th VCM Report, since Southern Nuclear assumed overall project management in 2017, productivity at the construction site has improved and direct construction work is currently tracking ahead of the plan to achieve the target in-service dates.
Progress and milestones noted in the second half of 2017 include:
To follow the progress, visit the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected in-service dates for Plant Vogtle Units 3 and 4, expected customer rate impacts, expected cost savings and customer benefits and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; the uncertainty surrounding the recently enacted federal tax reform legislation, including implementing regulations and Internal Revenue Service interpretations, actions that may be taken in response by regulatory authorities, and its impact, if any, on the credit ratings of Georgia Power; current and future litigation or regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and NRC actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
2/28/2018Southern Company Chairman, President & CEO Tom Fanning to receive 2018 American Football Coaches Foundation CEO Coach of the Year® Award
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
WACO, Texas, Feb. 26, 2018 /PRNewswire/ -- The American Football Coaches Foundation® today announced that Tom Fanning, Chairman, President and Chief Executive Officer of Southern Company, is the 2018 recipient of its CEO Coach of the Year® Award.
This is the highest honor bestowed by the organization, whose inaugural recipient in 2006 was Jeffrey R. Immelt, former CEO of General Electric. Other former winners include: Former Domino's Pizza CEO David Brandon (2007); former MidAmerican Energy Holdings CEO David Sokol (2008); former HP CEO Mark Hurd (2009); FedEx Corp. Chairman and CEO Frederick W. Smith (2010); BP Capital L.P. Chairman and CEO T. Boone Pickens (2011); NFL Commissioner Roger Goodell (2012); former ExxonMobil Chairman and CEO Rex W. Tillerson (2013); AT&T Chairman and CEO Randall Stephenson (2014); Berkshire Hathaway Energy Chairman and CEO Greg Abel (2015) and former Honeywell Chairman and CEO David Cote (2016).
"I am honored to receive the 2018 CEO Coach of the Year Award and join such an amazing group of recipients," Fanning said. "My fondest memories are recalled from the decades I spent coaching youth sports. While the goal was to guide my teams to victory, the purpose was to teach the athletes principles such as teamwork, discipline and leadership to prepare them to become the type of citizens who make our communities a better place to live because they are there. Thank you to the American Football Coaches Foundation and the entire membership and staff of the American Football Coaches Association for this tremendous honor."
Fanning was selected for the award by a unanimous vote of the AFCF® Board of Directors. He will be honored at The Foundation's CEO Coach of the Year Dinner, held at the Georgia Aquarium in Atlanta on April 23, 2018.
"Tom Fanning is one of the best CEOs in America and his leadership at Southern Company is moving the needle on the future of energy," AFCA Executive Director Todd Berry said. "The AFCF Board of Directors voted him our 2018 AFCF CEO Coach of the Year for a reason. He is one of the great business leaders in our country, and as a former coach and player, he knows the impact coaches can have on our society."
Fanning was elected president of Southern Company in July of 2010, and took over the additional responsibilities of chairman and CEO in December 2010. He has been with Southern Company for over 35 years and has held 15 different positions under eight different business units during that time. Before being named chairman, president and CEO, Fanning served as chief operating officer, where he was responsible for Southern Company's generation and transmission, engineering and construction services, research and environmental affairs, system planning and competitive generation business units. He was also responsible for the business strategy of Southern Company and was director of Southern Nuclear, Southern Company's nuclear plant operating company.
Prior to being COO, Fanning was the company's chief financial officer where he was responsible for the accounting, finance, tax, investor relations, treasury and risk management functions. In that position, he was the chief risk officer and was responsible for corporate strategy. Before being named CFO, Fanning was the president and CEO of Gulf Power.
Fanning does a lot work away from the Southern Company boardroom as he serves on the board of directors of the Federal Reserve Bank of Atlanta. He also serves on the board of directors of Vulcan Materials Company and is a member of the Business Roundtable. Fanning is on the advisory board of the Georgia Tech Scheller College of Business, the board of trustees of the Georgia Tech Foundation, the board of directors of the Institute of Nuclear Power Operations and the regional governing board of the World Association of Nuclear Operators' Atlanta Centre.
Fanning is co-chair of the Electricity Subsector Coordinating Council, which serves as the principal liaison between the federal government and the electric power sector to protect the electric grid from threats that could impact national security, including cyber and physical terrorism as well as natural disasters. He is also a member of the international advisory board of the Atlantic Council, which promotes constructive leadership and engagement in international affairs, and the American Energy Innovation Council, a group of America's leading business executives working to build broad bipartisan support for public and private investments in innovation.
Fanning earned bachelor's and master's degrees in industrial management and was awarded an honorary Doctor of Philosophy degree from Georgia Tech.
The funds raised from the CEO Coach of the Year dinner will support the AFCF's educational initiatives through the American Football Coaches Association's publications, website and annual convention. More than 6,000 football coaches from all levels attend the annual convention, and more than 11,000 football coaches globally benefit through personal, technical and leadership development. Because of The Foundation, football coaches on all levels nationwide pay minimal membership dues.
The AFCF, a 501(c)(3) nonprofit organization, was established by the American Football Coaches Association in 1998 to fund its educational mission. Its specific responsibility is to seek contributions from a broad range of donors – friends, businesses, corporations foundations and trusts – to support and implement existing AFCA educational programs; and to develop exciting and dynamic new initiatives that will serve the coaches, the student-athletes and the schools they represent. Contributions generated by The Foundation will ensure that the coaching community will continue to have the finest possible professional development and educational tools, now and in the future.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
2/26/2018Plant the right tree in the right place this spring
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 19, 2018 /PRNewswire/ -- Georgia Power works every day to keep reliability high across the state and, with Georgia Arbor Day marking the start of the spring planting season this month, the company encourages customers to make the right landscaping choices around homes and businesses. Planting the right tree in the right place may help decrease the likelihood of a power outage in the event of a storm while ensuring that power lines are clear of trees and brush provides also easier access to the company's power lines, which means quicker power restoration after a storm.
Georgia Power recommends dividing your yard into three specific planting zones – the Tall Zone (trees 60 feet or higher), the Medium Zone (trees no taller than 40 feet), and the Low Zone (trees and shrubs no taller than 25 feet). Trees and shrubs in the Low Zone may be planted 15 feet from electric utility wires.
In addition to helping customers select the right trees to plant, Georgia Power maintains 160,000 line acres and 24,000 miles of transmission and distribution lines under guidelines set by the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC). These maintenance activities are an essential piece of the company's commitment to ensuring reliable service for 2.5 million customers in every corner of the state.
Georgia Power also reminds customers of the importance of calling 811 before they dig. The company works every day with Georgia 811 to ensure that projects are safe and comply with the "Georgia Dig Law." The law requires that workers contact Georgia 811 before digging to have all underground utility lines (such as power, communications, gas and water lines) clearly marked. Georgia residents can call the free service at 8-1-1 or (800)-282-7411, or submit an electronic request at www.Georgia811.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/plant-the-right-tree-in-the-right-place-this-spring-300600772.html
SOURCE Georgia Power
Article Date
2/19/20182/12/2018 - Former United States Secretary of Energy Dr. Ernest Moniz to Join the Board of Southern Company
Former United States Secretary of Energy Dr. Ernest Moniz to Join the Board of Southern Company
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 12, 2018 /PRNewswire/ -- The board of Southern Company (NYSE: SO) today announced the appointment of Dr. Ernest Moniz, the former United States Secretary of Energy and renowned physicist, as an independent director effective March 1, 2018. He will stand for election to the board of directors by stockholders at the 2018 annual meeting. Dr. Moniz will serve on the Operations, Environmental and Safety Committee and the Nominating, Governance and Corporate Responsibility Committee of the board. He also will serve on the Business Security Subcommittee, which focuses on cyber and physical risks across the Southern Company system.
"Ernie Moniz enhances our board by bringing a strong energy science and technology background together with broad expertise in energy and environmental policy, which will be invaluable as we continue to develop innovative solutions to shape America's energy future," said Chairman, President and CEO Thomas A. Fanning.
"I have long admired Southern Company for its innovative approach to research and development within the clean energy space, and look forward to joining the board," said Moniz. "Tom is an industry leader and I'm eager to work with him and the entire board in helping Southern advance at a time of great change in the energy world."
Dr. Moniz served as United States Secretary of Energy from 2013 to early 2017. As Secretary, he advanced energy technology innovation, nuclear security and strategic stability, cutting-edge capabilities for the American scientific research community and environmental stewardship. He was a member of the President's Council of Advisors on Science and Technology from 2009 to 2013 and received the Department of Defense Distinguished Public Service Award in 2016.
Dr. Moniz currently is the chief executive officer and co-chair of the Nuclear Threat Initiative, a non-profit organization dedicated to reducing the threat of nuclear, biological, radiological and chemical weapons, and chief executive officer of Energy Futures Initiative, a non-profit organization dedicated to driving innovation in energy technology, policy and business models.
Prior to his appointment as Secretary of Energy, Dr. Moniz was a faculty member at Massachusetts Institute of Technology (MIT) for over four decades. He was the founding director of the MIT Energy Initiative and Director of the Laboratory for Energy and the Environment where he was a leader of multidisciplinary technology and policy studies on the future of nuclear power, coal, nuclear fuel cycles, natural gas and solar energy in a low-carbon world. Dr. Moniz is currently the Cecil and Ida Green Professor of Physics and Engineering Systems emeritus at MIT. Dr. Moniz also is a non-resident Senior Fellow at the Harvard Belfer Center.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
2/12/2018Georgia Power employees and Georgia Power Foundation partner to contribute $740,000+ to Georgia non-profits in 2017
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 12, 2018 /PRNewswire/ -- Georgia Power employees and The Georgia Power Foundation Inc., through a special partnership, together contributed more than $740,000+ to Georgia non-profit organizations in 2017. Employee donations were made through the Citizens of Georgia Power, the company's statewide volunteer organization with more than 4,000 employees involved in 48 chapters statewide. The Georgia Power Foundation, the third-largest corporate giving foundation in Georgia, then provided matching funds for non-profits in many communities.
"The Georgia Power Foundation is honored to enhance and amplify the efforts of our Citizens volunteers by providing matching funds for non-profits across the state," said Rita Breen, director of charitable giving. "Every year, the Foundation gives to hundreds of organizations that directly impact residents in the community and help improve quality of life."
Every year though the matching program, each Citizens chapter is eligible to receive up to $5,000 matching fund allocation from the Georgia Power Foundation that can be used to support up to two non-profits of the chapter's choice. Non-profits were chosen collectively by members of each chapter, included those supporting child services, literacy, cancer and medical research, animal care, STEM education, housing services, the arts, senior citizens, food banks and family resources.
Matching contributions were made throughout the state to more than 80 unique organizations such as Midtown Assistance Center, Inc. in Atlanta, Homefirst Housing Resource Services, Inc. in Macon, Savannah Area Family Emergency Shelter in Savannah and Boys & Girls Clubs of the Chattahoochee Valley, Inc. in Columbus.
A commitment to citizenship is at the heart of Georgia Power's culture. Every year, Georgia Power and the non-profit Georgia Power Foundation contribute millions of dollars to local Georgia non-profits and community organizations around the state with employees contributing thousands of hours of service locally. To learn more about how Georgia Power is working to make Georgia an even better place to live and work, visit https://www.georgiapower.com/community.html.
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the third-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
2/12/2018Southern Company recognized by EPRI for energy innovation
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 12, 2018 /PRNewswire/ -- Nearly two dozen Southern Company system employees have been recognized by the Electric Power Research Institute (EPRI) with its 2017 Technology Transfer Awards for demonstrating research and development excellence to solve significant industry issues.
This marks the 20th consecutive year Southern Company system employees have been honored with the highly regarded Technology Transfer Award since its inception in 1997.
"As the industry continues to experience unprecedented change, our employees are meeting the challenge with vision and innovation," said Southern Company Executive Vice President and Chief Operating Officer Kimberly S. Greene. "The EPRI Technology Transfer Award recognizes their leadership and technical acumen in finding solutions that deliver clean, safe, reliable, affordable energy for the customers and communities we are privileged to serve."
This year, Southern Company's 21 Technology Transfer Award winners, who worked individually and as teams, were represented in every EPRI award category – generation, power delivery and utilization, energy and environment and nuclear. Many of the efforts involved collaboration of employees across multiple Southern Company business units and subsidiaries.
Winning projects focused on a variety of key industry issues, including solar photovoltaic adoption, cybersecurity and methods for optimizing power plant performance, costs and safety.
"Each of Southern Company's Technology Transfer Award recipients has demonstrated the collaborative ingenuity necessary to solve some of the electric industry's most pressing challenges," said Arshad Mansoor, EPRI's senior vice president of Research and Development. "The invaluable contributions of this year's recipients reflect Southern Company's continued commitment to shaping the future of energy through cutting-edge R&D."
Southern Company's 2017 Technology Transfer Award winners, listed by EPRI sector, are:
As an independent, nonprofit organization, EPRI's research is conducted in conjunction with scientists, engineers and experts from academia and industry. Its members represent around 90 percent of the electricity generated and delivered in the U.S., with international participation in more than 30 countries.
Known for its historic commitment to innovation, Southern Company remains at the forefront of research and development for the production, delivery and end-use of energy, managing approximately $2.3 billion in research and development investments since the 1960s.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-recognized-by-epri-for-energy-innovation-300597283.html
SOURCE Southern Company
Article Date
2/12/2018Georgia Power praises move by U.S. Congress to extend production tax credits for Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 9, 2018 /PRNewswire/ -- Georgia Power today praised members of the U.S. Congress for voting to approve new legislation to extend the deadline for receiving advanced nuclear production tax credits. The approval follows extensive bipartisan efforts by Georgia Senator Johnny Isakson and other members of the Senate Finance Committee on the legislation which, if signed into law, will further reduce risk for continuing construction of Vogtle 3 & 4 while also providing approximately $1 billion in benefits for Georgia Power customers. The Vogtle nuclear expansion is leading the way for new nuclear construction in the United States and, once complete, will generate enough electricity to serve 500,000 homes and businesses.
"We are grateful to Senator Isakson for his leadership on this issue, and to the entire Georgia delegation for recognizing the importance of new nuclear generation and demonstrating renewed federal support for the Vogtle project," said Paul Bowers, chairman, president and CEO of Georgia Power. "At Georgia Power, we are focused on delivering value to our customers every day and we're committed to completing these new units, which will provide millions of Georgians with carbon-free energy and help keep electric rates low for 60 to 80 years into the future."
The Energy Policy Act of 2005 created a credit for production from advanced nuclear power facilities commonly referred to as Production Tax Credits (PTCs). Under this law, the Vogtle project will qualify for the advanced nuclear facility federal income tax credit of 1.8 cents for each kWh of electrical energy produced and sold once the units come online. While PTCs do not impact the in-service cost of the units, they provide benefits to customers through a reduction in revenue requirements beginning when the units go into service and for many years beyond.
Federal support and constructive legislation continue to be an important key to success for Vogtle 3 & 4. Georgia Power recently announced that, due to new federal tax laws, as well as the positive impact of the receipt of the full amount of parent guarantee payments from Toshiba, Georgia electric customers will pay $139 million less than expected for the Plant Vogtle expansion in 2018. Read more here. Additionally, the company holds a conditional commitment from the U.S. Department of Energy (DOE) for approximately $1.67 billion in additional loan guarantees for the Vogtle project. With a total of more than $5 billion in anticipated DOE loan guarantees, the company expects to be able to provide more than $500 million in present-value benefits to its customers.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. Today, after including anticipated customer benefits from federal PTCs, interest savings from loan guarantees from the DOE, and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is well below original projections of approximately 12 percent, with 5 percent related to the project already in rates.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
Vogtle 3 & 4 Move Forward in 2018
Georgia Power received unanimous approval to continue construction of the Vogtle 3 & 4 project from the Georgia Public Service Commission (PSC) in December 2017. The decision followed months of review and evaluation of a unified recommendation conducted by the Vogtle co-owners prompted by the bankruptcy of former primary Vogtle contractor Westinghouse. The decision continues to protect customers with new penalties for delays and cost increases in addition to penalties included in the previous stipulated agreement approved earlier in 2017 by the Georgia PSC. Under this amended structure, shareholders will see a significant impact of approximately $750 million through November 2022. Read more about the decision to complete Vogtle 3 & 4 here.
Construction has continued uninterrupted at the Vogtle site following Westinghouse's bankruptcy in March 2017 with all Vogtle co-owners working together to maintain the project's momentum. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site with global construction firm Bechtel managing daily construction efforts. Progress is steady and evident, illustrated by multiple recent achievements such as the placement of the 225,000-pound Unit 3 pressurizer in January and 1,300 cubic yards of concrete placed inside the Unit 4 containment vessel in December.
To follow the progress, visit the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected receipt of PTCs and the expected benefits thereof, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
2/9/20182/2/2018 - Simple tips to save during winter weather
Simple tips to save during winter weather
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Feb. 2, 2018 /PRNewswire/ --Colder weather can mean higher energy bills and, as the low temperatures continue this winter, Georgia Power offers customers a variety of free tools and resources to help them stay warm while saving money and energy. The company reminds customers that making small changes today can deliver big savings throughout the winter and year-round.
Tips from Georgia Power:
Customers can find more energy saving tools and resources online at www.GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses. Additionally, the company's My Power Usage program, a free service connected to Georgia Power online accounts, allows customers to track their daily energy use online, project their monthly bill and stay within a set energy budget.
Even with energy efficiency and careful planning, cold temperatures can mean higher bills. If customers need assistance paying their bill, Georgia Power is here to help. The company works with customers to coordinate payment arrangements and discounts such as the Senior Citizens Discount and can connect them with community organizations which may be able to help them pay their bill including The Salvation Army's Project SHARE program. Additional information about bill payment assistance is available at www.GeorgiaPower.com/assistance or via phone at 888-660-5890.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
2/2/2018Georgia Power customers to pay $139 million less for Vogtle expansion in 2018
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 30, 2018 /PRNewswire/ -- Georgia Power today filed an update for the Nuclear Construction Cost Recovery (NCCR) tariff with the Georgia Public Service Commission (PSC) indicating customers will pay $139 million less for the Plant Vogtle expansion in 2018. Beginning in April, the typical residential customer using 1,000 kilowatt-hours per month will pay $2.70 less than expected per month in financing costs for the Vogtle project. The savings are due to recent changes in federal tax law, as well as the positive impact of the receipt of the full amount of parent guarantee payments from Toshiba. The company continues to evaluate broader impacts of the changes in federal tax law, which will result in additional customer savings and plans to file a report with the Georgia PSC by Feb. 20.
In addition to the reduction in the NCCR tariff, the Georgia PSC recently approved $188 million, a total of $75 each for individual customers, in bill credits as a direct result of the Toshiba parent guarantee payments. The credits will be distributed across three separate Georgia Power bills in 2018.
The company is also working with the Georgia PSC to determine timing and details for a 2018 refund of $43.6 million the company earned above its allowed earnings range in 2016. As a regulated utility, Georgia Power is allowed to earn a return on equity (ROE) of 10 percent to 12 percent per year. The company works to efficiently manage its business while providing customers with reliable and affordable service and refunds two-thirds of earnings over 12 percent back to customers across the state.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. As part of this strategy, the company recovers financing costs for the project in accordance with state law through the NCCR tariff approved by the Georgia PSC. This structure saves customers hundreds of millions of dollars by reducing financing and borrowing costs, while also phasing the plant into rates over time helping to avoid "rate shock" once the new units come online. Today, after including these savings, anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is well below original projections of approximately 12 percent with 5 percent related to the project already in rates.
Parent guarantees backed by Toshiba as the parent company of Westinghouse, the original contractor for the Vogtle project, were put in place to protect Georgia electric customers at the beginning of construction. Toshiba fulfilled all remaining payments, for a total of $3.68 billion for all of the Vogtle co-owners in December 2017, eliminating a major risk for continuing construction of the nation's only new nuclear units.
Vogtle 3 & 4 Move Forward in 2018
Georgia Power received unanimous approval to continue construction of the Vogtle 3 & 4 project from the Georgia PSC in December 2017. The decision followed months of review and evaluation of a unified recommendation conducted by the Vogtle co-owners prompted by the bankruptcy of former primary Vogtle contractor Westinghouse. The decision continues to protect customers with new penalties for delays and cost increases in addition to penalties included in the previous stipulated agreement approved earlier in 2017 by the Georgia PSC. Under this amended structure, shareholders will see a significant impact of approximately $750 million through November 2022. Additionally, as a result, the amount paid by customers will be reduced by more than $1.7 billion during the construction period. Read more about the decision to complete Vogtle 3 & 4 here.
Construction has continued uninterrupted at the Vogtle site following Westinghouse's bankruptcy in March 2017 with all Vogtle co-owners working together to maintain the project's momentum. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site with global construction firm Bechtel managing daily construction efforts. Progress is steady and evident, illustrated by multiple recent achievements such as the placement of the 225,000-pound Unit 3 pressurizer this month and 1,300 cubic yards of concrete placed inside the Unit 4 containment vessel in December.
To follow the progress, visit the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected rate impacts and future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
1/30/2018Southern Power announces acquisition of Gaskell West 1 Solar Facility in California
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 30, 2018 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of its newest renewable asset, the 20-megawatt (MW) Gaskell West 1 Solar Facility in Kern County, California. This project aligns with Southern Power's business strategy of acquiring and developing projects covered by long-term contracts with counterparties with strong credit support.
"We are pleased to start the quarter with continued growth in our renewable portfolio," said Southern Power President and CEO Buzz Miller. "Gaskell West 1 is an excellent fit for Southern Power's evolving business as we strive to meet market demands through our commitment to develop clean, safe, reliable and affordable energy resources for the benefit of our customers."
Construction of the approximately 280-acre project began in October 2017, and the facility is expected to begin commercial operation in March 2018. Southern California Edison will purchase the electricity and associated renewable energy credits (RECs) generated by the facility under a 20-year power purchase agreement and will have the option to keep or sell the associated RECs.
Southern Power purchased the facility from Recurrent Energy, which is developing the project. D.H. Blattner & Sons, Inc. is performing the engineering, procurement and construction (EPC) services, and First Solar Energy Services will operate and maintain the facility upon completion. Southern Power plans to use third-party tax equity as part of the funding of the transaction.
The announcement marks Southern Power's fifth solar facility within the county and 12th solar facility within the state.
With the addition of Gaskell West 1, Southern Power owns more than 3,500 MW of renewable generation from 38 solar, wind and biomass facilities either announced, acquired or under construction from California to Maine. In total, the Southern Company system has added or announced more than 6,500 MW of renewable generation since 2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 48 facilities operating or under development in 11 states with more than 12,800 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Gaskell West 1 Solar Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Power
Article Date
1/30/2018Pressurizer set inside Vogtle Unit 3 containment vessel
Source: PR Newswire
ATLANTA, Jan. 29, 2018 /PRNewswire/ -- Another key milestone for Georgia Power's Vogtle nuclear expansion project was achieved earlier this month with the placement of the Unit 3 pressurizer, which will provide pressure control inside the reactor coolant system once the unit begins operating. The 225,000-pound pressurizer for Vogtle Unit 3 arrived via rail at the construction site in August 2014. The component was fabricated in Italy and shipped to the Port of Savannah, before being loaded onto a railcar for the final leg of its journey. View a time-lapse video of the placement on Georgia Power's YouTube channel.
This latest milestone continues momentum at the site of the only new nuclear units under construction in the U.S. In December, 1,300 cubic yards of concrete was placed inside the Unit 4 containment vessel in a continuous placement that lasted 21 hours. In November, the last of the "Big 6" modules for the project was placed – the Unit 4 CA02 module, which will make up the in-containment refueling water storage tank.
Georgia Power has also released the latest Vogtle Timeline video highlighting safety, progress and efficiency at the Vogtle site for the fourth quarter of 2017. More than 6,000 workers are onsite working on the nation's only new nuclear units and focused on increased productivity and safe, high-quality construction.
Also available on Georgia Power's YouTube Channel, the new Vogtle Timeline video includes:
In addition, Georgia Power has added an exciting new feature to its website to provide viewers an exclusive look inside Vogtle units 3 and 4.
The online aerial tour features several vantage points around the site, allowing the user to zoom in on several key areas of units 3 and 4, including the containment vessels, turbine buildings and cooling towers.
The tour is accessible from the Vogtle 3 and 4 showcase section of the georgiapower.com website.
Follow the progress being made at the project with new photos added from the Vogtle nuclear expansion site each month in the Plant Vogtle 3 and 4 Online Photo Gallery.
Georgia Power to move forward with Vogtle 3 and 4
Georgia Power announced on Dec. 21, 2017, that it will move forward with the Vogtle 3 and 4 project following unanimous approval by the Georgia Public Service Commission (PSC).
The decision by the Georgia PSC followed months of review and evaluation of a unified recommendation presented in August 2017 by the Vogtle co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment that was prompted by the bankruptcy of former primary Vogtle contractor Westinghouse in March and the subsequent rejection of the fixed-price contract. The decision continues to protect customers with new penalties for delays and cost increases in addition to penalties included in the previous stipulated agreement approved earlier this year by the Georgia PSC. Under this amended structure, shareholders will see a significant impact of approximately $750 million through November 2022 and the company has agreed to further reductions if the project does not meet the revised and approved in-service dates. Additionally, as a result, the amount paid by customers will be reduced by more than $1.7 billion during the construction period.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In September, the company announced a new conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE) illustrating renewed federal support for the project. Most recently, the company received 100 percent of parent guarantee funds available from Toshiba years earlier than expected and will use every dollar to benefit customers. The parent guarantee payments from Toshiba, in addition to the penalties in place for the company, are contributing approximately $2.75 billion which will reduce the total cost of the project.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
Read more about the decision to complete Vogtle 3 and 4 here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning additional DOE loan guarantees and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
1/29/2018Southern Company fourth-quarter earnings to be released February 21
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 24, 2018 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2017 by 7:30 a.m. EST on Wednesday, February 21.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Wednesday, February 21.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/24/2018Southern Company accelerating restoration efforts in Puerto Rico by deploying additional personnel and equipment
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 20, 2018 /PRNewswire/ -- Southern Company announced today that lineworkers and support staff from each of Southern Company's four electric operating companies – Alabama Power, Georgia Power, Gulf Power and Mississippi Power – will be deployed to Puerto Rico. Personnel are scheduled to arrive in Puerto Rico today, Jan. 20, to help restore power safely and as quickly as possible to areas impacted by Hurricane Maria as part of an industry mutual assistance effort coordinated through the Edison Electric Institute.
As part of this effort, on Wednesday, Jan. 3rd, Southern Company launched a barge from the Port of Chickasaw in Mobile, Alabama, filled with trucks, tools and support equipment. That vessel arrived in Puerto Rico on Jan. 15 in order for those much-needed supplies to be ready for the additional lineworkers and staff.
"Southern Company is proud to increase our assistance to the citizens of Puerto Rico," said Chairman, President and CEO Thomas A. Fanning. "In the face of this enormous challenge, our employees are dedicated to the effort and determined to restore and repair Puerto Rico's energy grid."
Southern Company system lineworkers and staff will work under the direction of the 10-person Incident Management Team (IMT) Southern Company deployed in early December to support Puerto Rico Electric Power Authority's (PREPA) regional directors. That Southern Company IMT is one of seven such teams assigned to seven regions of Puerto Rico under coordination with PREPA, the U.S. Army Corps of Engineers (USACE) and the Federal Emergency Management Agency. The new wave of personnel will join the IMT in continued support of restoration in the Mayaguez region on the western side of Puerto Rico.
In addition to the IMT, Southern Company's Puerto Rico response includes 400 personnel from another Southern Company subsidiary, PowerSecure, Inc., who have been working in Puerto Rico since October under a contract with the USACE. The Southern Company system has been steadily involved in restoration efforts including; damage assessment, clearing debris, resetting poles, mobilizing equipment, providing temporary emergency power, ensuring adequate generation at power plants, and reinstalling and repairing transmission and distribution lines.
With this new wave of personnel, the total number of restoration workers in Puerto Rico will increase to more than 5,500. This includes crews such as those with PowerSecure mobilized under USACE contracts, PREPA's own resources, industry mutual assistance crews and others. Mutual assistance is a hallmark of the energy industry, playing a critical role in the restoration of the grid after major weather events. PowerSecure has extensive experience in storm restorations and has deployed crews for every named storm to hit the U.S. in the past eight years.
Southern Company remains committed to the people of Puerto Rico and to this massive, unprecedented restoration undertaking.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/20/20181/19/2018 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 19, 2018 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 58 cents per share on the company's common stock, payable March 6, 2018, to shareholders of record as of February 20, 2018. This marks 281 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/19/2018Annual Plant Vogtle Emergency Information Calendar now available for neighbors
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., Jan. 17, 2018 /PRNewswire/ -- Residents living within the 10-mile emergency planning zone (EPZ) of the Alvin W. Vogtle Electric Generating Plant, located near Waynesboro, Ga., were mailed a 2018 Plant Vogtle Emergency Information Calendar with instructions on how to respond in the event of a plant emergency.
Southern Nuclear, a subsidiary of Southern Company and operator of Georgia Power's Plant Vogtle, mailed the information to residents in December. Residents in the EPZ who did not receive a calendar can obtain one by contacting Plant Vogtle Emergency Preparedness at 706-554-2127.
"For more than 30 years, Plant Vogtle has generated clean and reliable electricity for Georgia Power's customers with safety as our top priority. That includes the safety of our employees, facility, and most importantly, the safety and health of our neighbors," said Site Vice President Darin Myers. "U.S. nuclear facilities are the most heavily regulated in the world, and at Southern Nuclear, we don't just meet federal standards, we exceed them."
Neighbors of Plant Vogtle are asked to support the site's emergency preparedness efforts by familiarizing themselves with the contents of the calendar. The calendar provides information about the types of emergencies that could occur at the plant, how residents will be informed about an emergency and what they should do if a protective action is issued.
Residents who would require special assistance in an emergency should complete the special needs card on the back of the calendar and mail it to the site as instructed.
The 2018 Plant Vogtle Emergency Information Calendar can be found online at www.southernnuclear.com.
For questions about information in the calendar call Plant Vogtle Emergency Preparedness at 706-554-2127. To learn more about nuclear energy, please call 706-724-5197 or 706-554-9407 to schedule a plant visit, or email veec@southernco.com.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/annual-plant-vogtle-emergency-information-calendar-now-available-for-neighbors-300584059.html
SOURCE Southern Nuclear
Article Date
1/17/2018Annual Plant Hatch Emergency Information Calendar now available for neighbors
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., Jan. 17, 2018 /PRNewswire/ -- Residents living within the 10-mile emergency planning zone (EPZ) of the Edwin I. Hatch Nuclear Plant, located near Baxley, Ga., were mailed a 2018 Plant Hatch Emergency Information Calendar with instructions on how to respond in the event of a plant emergency.
Southern Nuclear, a subsidiary of Southern Company and operator of Georgia Power's Plant Hatch, mailed the information to residents in December. Residents in the EPZ who did not receive a calendar can obtain one by contacting Plant Hatch Emergency Preparedness at 855-880-2058.
"For more than 42 years, Plant Hatch has generated clean and reliable electricity for Georgia Power's customers with safety as our top priority. That includes the safety of our employees, facility, and most importantly, the safety and health of our neighbors," said Site Vice President David Vineyard. "U.S. nuclear facilities are the most heavily regulated in the world, and at Southern Nuclear, we don't just meet federal standards, we exceed them."
Neighbors of Plant Hatch are asked to support the site's emergency preparedness efforts by familiarizing themselves with the contents of the calendar. The calendar provides information about the types of emergencies that could occur at the plant, how residents will be informed about an emergency and what they should do if a protective action is issued.
Residents who would require special assistance in an emergency should complete the special needs card on the back of the calendar and mail it to the site as instructed.
The 2018 Plant Hatch Emergency Information Calendar can be found online at www.southernnuclear.com.
For questions about information in the calendar, please call Plant Hatch Emergency Preparedness at 855-880-2058. To learn more about nuclear energy, please call 800-722-7774 to schedule a plant visit.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/annual-plant-hatch-emergency-information-calendar-now-available-for-neighbors-300584044.html
SOURCE Southern Nuclear
Article Date
1/17/2018Annual Plant Farley Emergency Information Calendar now available for neighbors
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., Jan. 17, 2018 /PRNewswire/ -- Residents living within the 10-mile emergency planning zone (EPZ) of the Joseph M. Farley Nuclear Plant, located near Dothan, Ala., were mailed a 2018 Plant Farley Emergency Information Calendar with instructions on how to respond in the event of a plant emergency.
Southern Nuclear, a subsidiary of Southern Company and operator of Alabama Power's Plant Farley, mailed the information to residents in December. Residents in the EPZ who did not receive a calendar can obtain one by contacting Plant Farley Emergency Preparedness at 334-899-6666 or 1-800-985-6319.
"For 40 years, Plant Farley has generated clean and reliable electricity for Alabama Power's customers with safety as our top priority. That includes the safety of our employees, facility, and most importantly, the safety and health of our neighbors," said Site Vice President Dennis Madison. "U.S. nuclear facilities are the most heavily regulated in the world, and at Southern Nuclear, we don't just meet federal standards, we exceed them."
Neighbors of Plant Farley are asked to support the site's emergency preparedness efforts by familiarizing themselves with the contents of the calendar. The calendar provides information about the types of emergencies that could occur at the plant, how residents will be informed about an emergency and what they should do if a protective action is issued.
Residents who would require special assistance in an emergency should complete the special needs card on the back of the calendar and mail it to the site as instructed.
The 2018 Plant Farley Emergency Information Calendar can be found online at www.southernnuclear.com.
For questions about information in the calendar call Plant Farley Emergency Preparedness at 334-899-6666 or 1-800-985-6319. To learn more about nuclear energy, please call 334-814-4879 to schedule a plant visit.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. In 2017, Southern Nuclear won a Technology Transfer award from the Electric Power Research Institute, an Honor Roll award for superior performance in the global boiling water reactor fleet from GE/Hitachi, and the Drivers of Success Award from GT STRUDL. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/annual-plant-farley-emergency-information-calendar-now-available-for-neighbors-300584043.html
SOURCE Southern Nuclear
Article Date
1/17/20181/12/2018 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., Jan. 12, 2018 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
|
Preferred Stock |
|
($100 Par Value) |
|
4.20% - $1.05 per share |
|
4.52% - $1.13 per share |
|
4.60% - $1.15 per share |
|
4.64% - $1.16 per share |
|
4.72% - $1.18 per share |
|
4.92% - $1.23 per share |
|
Class A Preferred Stock |
|
($25 Capital Value) |
|
5.00% - $.3125 per share |
These dividends are for the quarter ending March 31, 2018, payable April 1, 2018, to shareholders of record on March 16, 2018.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers. Learn more at www.alabamapower.com.
View original content:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-300582021.html
SOURCE Alabama Power Company
Article Date
1/12/2018Georgia Power names 2017 New Teacher Assistance Grant recipients
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 10, 2018 /PRNewswire/ -- Georgia Power today announced the selection of 42 new teachers from across the state to receive one of the company's annual $1,000 New Teacher Assistance Grants. Since the program's inception in 2004, the company has awarded a total of $445,000 in individual grants to more than 400 new teachers from communities across the state. The grants provide the state's newest teachers with funds to purchase classroom supplies and start their teaching careers.
"Georgia's students are our future workforce and are learning the skills they need to be successful every day in the classroom," said Anne Kaiser, vice president of community and economic development for Georgia Power. "Supporting high quality public education starts with supporting the educators on the front lines and the grants are one way that we can show new teachers that their work is appreciated."
Georgia public colleges and universities that have schools of education submitted the final nominations. To be eligible for a grant, candidates must be in the top 25 percent of their class, be a first-year teacher employed by a public school in Georgia and demonstrate a high aptitude for teaching.
The recipients vary from pre-K to elementary, middle and high school teachers. Teachers are encouraged to use the funds to purchase school items such as books, educational CDs or DVDs, computers, projectors, or other supplies to enhance their classrooms and student's learning experience.
2017 New Teacher Assistant Grant recipients include:
Central Georgia
Coastal Georgia
East Georgia
Metro Atlanta
Northeast Georgia
Northwest Georgia
South Region
West Georgia
Georgia Power has been a partner with the state's public education system for more than 100 years – from supporting the work of groups such as Junior Achievement, to providing new teacher assistance grants, to hosting students at the company's generation facilities, Georgia Power works to help students achieve their full potential. For more information about how the company is helping advance education and build the highly skilled workforce of tomorrow, visit www.georgiapower.com/education.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-names-2017-new-teacher-assistance-grant-recipients-300580856.html
SOURCE Georgia Power
Article Date
1/10/2018Georgia Power and PulteGroup partner for first Smart Neighborhood(TM) in Atlanta
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Jan. 9, 2018 /PRNewswire/ -- Georgia Power and PulteGroup, Inc. (NYSE: PHM) announced today a new partnership to develop Atlanta's first Smart Neighborhood™ at Pulte's Altus at the Quarter development. The new, state-of-the art Pulte Homes community is located in Atlanta's Upper West Side, one of the city's most vibrant and popular areas.
Each technology-enhanced home in the Georgia Power Smart Neighborhood will be served by Georgia Power with power supplemented by individual rooftop solar installations and in-home battery energy storage. Homes will also be equipped with the latest energy technologies such as optimal insulation for maximum efficiency, advanced heating and cooling systems and LED lighting, and home automation featuring smart thermostats, smart locks and voice control.
"Building the future of energy in Georgia centers on our continued commitment to offer new, flexible products and services that meet the changing needs of our customers," said Paul Bowers, chairman, president and CEO of Georgia Power. "This partnership with PulteGroup provides a unique opportunity for us to demonstrate how energy companies can collaborate with homebuilders and retail partners to better serve customers today while developing new opportunities for tomorrow."
"As a company, PulteGroup already incorporates many energy-efficient practices and green products in our new home communities across the country. We are always looking for innovative ways to break new ground through sustainable practices, such as with our first Zero Net Home in California last year," said Ryan Marshall, President and Chief Executive Officer for PulteGroup. "Through this partnership with Georgia Power, we continue to be at the forefront of energy efficiency that can shrink our homes' carbon footprint, but also make our homes less expensive to own, translating into lasting savings for homeowners"
Georgia Power is the largest electric subsidiary of Southern Company, which emphasizes the importance of robust research and development (R&D) to better serve customers. The Smart Neighborhood initiative, including separate projects with Georgia Power and its sister operating company Alabama Power, reinforces Southern Company's commitment to R&D to benefit 9 million customers in the United States. The Georgia Power Smart Neighborhood will serve as a real-world study where performance data and energy usage will be analyzed to provide insight into the effectiveness of emerging energy technologies and materials and how homes of the future can be better built and function. Additionally, Georgia Power continues to conduct R&D through programs developed with and approved by the Georgia Public Service Commission such as separate solar energy research projects with the University of Georgia and Mercedes-Benz Stadium.
The partnership with Georgia Power is another example of PulteGroup's commitment to sustainability. In 2016, Pulte was the largest homebuilder to participate in Pacific Gas and Electric Company's (PG&E) Zero Net Energy Production Builder Demonstration program aimed at building new homes that maximize utility grid load reduction. Completing the construction of its first zero net energy (ZNE) home prototype in Northern California, the home is designed to minimize its environmental impact by generating as much energy as it uses.
The first 46 townhomes developed at Altus at the Quarter will be a part of the Georgia Power Smart Neighborhood and will feature the Hutton floor plan featuring 2,349+ sq. ft. four-story townhome with 3-4 bedrooms and 2-car garage. The community is located at the intersection of Marietta Boulevard and Bolton Drive. Construction is underway with the grand opening scheduled for later this year. Click here to learn more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in approximately 50 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods, the company is one of the industry's most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide homebuyers with innovative solutions and consumer inspired homes and communities to make lives better. For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroupinc.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com and www.jwhomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-and-pultegroup-partner-for-first-smart-neighborhood-in-atlanta-300580311.html
SOURCE Georgia Power
Article Date
1/9/2018Project SHARE makes helping neighbors easy this winter
Source: PR Newswire
ATLANTA, Jan. 4, 2018 /PRNewswire/ -- Georgia Power is inviting customers to join the company and The Salvation Army to help neighbors and local Georgia communities this winter through the Project SHARE initiative. Project SHARE, established in partnership with The Salvation Army in 1985, was one of the first fuel funds in America and provides assistance for expenses, such as utility bills, housing, food and medical necessities.
Since Project SHARE's inception, approximately 369,000 households throughout the state have received assistance with more than $69 million contributed to the program by Georgia Power and its customers. Last year, more than 34,000 Georgia Power customers donated to the program leading to a total contribution, including Georgia Power's match, of more than $2.2 million.
By donating one to ten dollars through their Georgia Power bill payment, customers can provide assistance to residents in the same community, the unique program is highly localized with more than one million Georgians benefiting from the program over the past three decades.
"Every day, thousands of Georgia Power employees are committed to being citizens wherever we serve in every community and the longstanding Project SHARE program provides an opportunity for our customers to join this mission of citizenship," said Kevin Kastner, vice president of customer services for Georgia Power. "Thanks to our long-standing partnership with The Salvation Army, Project SHARE continues to be one of our most successful charitable giving programs year after year."
"Through Project SHARE, The Salvation Army reaches thousands of Georgians in times of need every year. A sick family member, a lost job, or other serious challenges often make it difficult to maintain a safe and secure home," said Major Charles Powell, divisional commander of The Salvation Army of Georgia. "With the continuous partnership and generous support of Georgia Power and thousands of their concerned customers, The Salvation Army is able to intervene and provide stability and security for many such households. We are sincerely grateful for this outstanding partnership and the real difference it makes for people in need across our state."
Donate to Project SHARE
Although Georgia Power's support of the program continues throughout the year, the company highlights the work of Project SHARE annually on December and January Georgia Power bills. By enrolling in the program, customers have the option to make an automatic monthly donation of $1, $2, $5 or $10 simply by adding the amount to their bill payment. Georgia Power then matches the donation, dollar for dollar, up to one million dollars per year. Georgians can also make a one-time donation directly to Project SHARE through The Salvation Army by calling (800) 257-4273 or visiting www.salvationarmygeorgia.org. To learn more about Project SHARE, or to support the program with Georgia Power today, visit www.georgiapower.com/projectshare.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
View original content with multimedia:http://www.prnewswire.com/news-releases/project-share-makes-helping-neighbors-easy-this-winter-300577902.html
SOURCE Georgia Power
Article Date
1/4/201812/22/2017 - Major concrete placement completed for Vogtle Unit 4
Major concrete placement completed for Vogtle Unit 4
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 22, 2017 /PRNewswire/ -- Significant progress continued this week at the Vogtle nuclear expansion site near Waynesboro, Georgia with the placement of nearly 1,300 cubic yards of concrete inside the Unit 4 containment vessel. The continuous placement lasted 21 hours, and involved more than 100 workers and more than 120 truckloads of concrete.
The placement occurred in three main locations - inside the reactor vessel cavity, in the refueling area and on the east side of the containment vessel. This milestone supports the placement of the reactor vessel early next year and advances progress on the east side of containment.
In 2017, more than 57,000 cubic yards of concrete have been placed for the Vogtle project, bringing the project's total to approximately 545,000 cubic yards, enough concrete to build a sidewalk from Miami to Seattle.
The new units at Plant Vogtle (co-owned by Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) are the only new nuclear units currently under construction in the United States and, once complete, will generate enough electricity to power approximately 500,000 homes and businesses. To follow the progress, the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Georgia Power to move forward with Vogtle 3 & 4
Georgia Power announced on Dec. 21 that it will move forward with the Vogtle 3 & 4 project following unanimous approval by the Georgia Public Service Commission (PSC).
The decision by the Georgia PSC followed months of review and evaluation of a unified recommendation presented on August 31 by the Vogtle co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment that was prompted by the bankruptcy of former primary Vogtle contractor Westinghouse in March and the subsequent rejection of the fixed-price contract. The decision continues to protect customers with new penalties for delays and cost increases in addition to penalties included in the previous stipulated agreement approved earlier this year by the Georgia PSC. Under this amended structure, shareholders will see a significant impact of approximately $750 million through November 2022 and the company has agreed to further reductions if the project does not meet the revised and approved in-service dates. Additionally, as a result, the amount paid by customers will be reduced by more than $1.7 billion during the construction period.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In September, the company announced a new conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE) illustrating renewed federal support for the project. Most recently, the company received 100 percent of parent guarantee funds available from Toshiba years earlier than expected and will use every dollar to benefit customers. The parent guarantee payments from Toshiba, in addition to the penalties in place for the company, are contributing approximately $2.75 billion which will reduce the total cost of the project.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
Read more about the decision to complete Vogtle 3 & 4 here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning additional DOE loan guarantees and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/major-concrete-placement-completed-for-vogtle-unit-4-300575072.html
SOURCE Georgia Power
Article Date
12/22/2017Georgia Power will move forward with Vogtle 3 & 4 project
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 21, 2017 /PRNewswire/ -- Georgia Power today received unanimous approval from the Georgia Public Service Commission (PSC) to complete Vogtle 3 & 4 near Waynesboro, Georgia – the nation's first new nuclear units in 30 years. The new units are co-owned by Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities, and are the only new nuclear units currently under construction in the United States. Expected online in November 2021 (Unit 3) and November 2022 (Unit 4), the units will generate enough emission-free electricity to power approximately 500,000 homes and businesses.
"The decision to complete Vogtle 3 & 4 is important for Georgia's energy future and the United States," said Paul Bowers, chairman, president and CEO of Georgia Power. "The Georgia Public Service Commission has shown leadership in making this complex and difficult decision and recognized that the Vogtle expansion is key to ensuring that our state has affordable and reliable energy today that will support economic growth now and for generations to come."
Today's decision followed months of review and evaluation of a unified recommendation presented to the Georgia PSC on August 31 by the Vogtle co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment that was prompted by the bankruptcy of former primary Vogtle contractor Westinghouse in March and the subsequent rejection of the fixed-price contract. The decision continues to protect customers with new penalties for delays and cost increases in addition to penalties included in the previous stipulated agreement approved earlier this year by the Georgia PSC. Under this amended structure, shareholders will see a significant impact of approximately $750 million through November 2022 and the company has agreed to further reductions if the project does not meet the revised and approved in-service dates. Additionally, as a result, the amount paid by customers will be reduced by more than $1.7 billion during the construction period.
"Our responsibility is to our customers first and we remain focused on fulfilling our commitment to them to deliver a new energy source that will put downward pressure on rates for 60 to 80 years once the new units are on line," added Bowers.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In September, the company announced a new conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE) illustrating renewed federal support for the project. Most recently, the company received 100 percent of parent guarantee funds available from Toshiba years earlier than expected and will use every dollar to benefit customers. The parent guarantee payments from Toshiba, in addition to the penalties in place for the company, are contributing approximately $2.75 billion which will reduce the total cost of the project.
The company also continues to actively support legislation that would allow the Vogtle project to continue to qualify for advanced nuclear production tax credits if the units are placed in service after January 1, 2021. Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
Construction has continued uninterrupted at the Vogtle site following Westinghouse's bankruptcy in March with all Vogtle co-owners working together to maintain the project's momentum. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site with global construction firm Bechtel managing daily construction efforts. Progress is steady and evident, illustrated by multiple recent achievements such as the placement of new shield building panels for both units, placement of the 52-ton CA02 module for Unit 4 and the installation of the first steam generator.
To follow the progress, the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the projected schedule for the completion of construction of Plant Vogtle Units 3 and 4, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-will-move-forward-with-vogtle-3--4-project-300574504.html
SOURCE Georgia Power
Article Date
12/21/201712/18/2017 - Power restored for all essential activities at Hartsfield-Jackson International Airport
Power restored for all essential activities at Hartsfield-Jackson International Airport
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 18, 2017 /PRNewswire/ -- Georgia Power and Hartsfield-Jackson International Airport personnel have worked throughout the day today to restore power at the Airport as quickly and safely as possible. As of 11:45 p.m., power had been restored for all essential airport activities including all concourses and flight operations.
While evaluation of the incident is ongoing, Georgia Power believes that a piece of Georgia Power switchgear located in an underground electrical facility could have failed and started a fire. This fire was located adjacent to redundant circuit cables and switching mechanisms serving the airport and those cables were damaged, resulting in the outage and loss of redundant service methods.
The fire was safely extinguished by fire crews before Georgia Power could enter the area to assess damage and begin repairs. In addition to the fire, responding crews faced hazardous fumes and smoke which had to fully clear prior to beginning restoration work. The event impacted not only the underground facilities, but also substations serving the Airport and, while the cause is not yet known, Georgia Power's system responded properly by isolating areas where equipment wasn't operating correctly to ensure safety and minimize damage. No personnel or passengers were in danger at any time.
Georgia Power has many redundant system and sources of power in place to ensure reliability for the Airport and its millions of travelers - power outages affecting the Airport are very rare. The company will continue to actively work with the Airport to address any remaining impacts in non-essential areas of the Airport, determine the cause of today's incident and prevent future occurrences.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/power-restored-for-all-essential-activities-at-hartsfield-jackson-international-airport-300572422.html
SOURCE Georgia Power
Article Date
12/18/2017Georgia Power Update: Hartsfield-Jackson International Airport
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 17, 2017 /PRNewswire/ -- Georgia Power continues to work closely with Hartsfield-Jackson International Airport personnel onsite to restore power to the Airport as quickly as possible. Assessment and repair efforts are well underway at this time and the company expects to have power restored to the Airport by midnight tonight.
Georgia Power believes the issue may have involved a fire which caused extensive damage in a Georgia Power underground electrical facility. The fire was safely extinguished by fire crews before Georgia Power could enter the area to assess damage and begin repairs. The event impacted not only the underground facilities, but also substations serving the Airport and, while the cause is not yet known, Georgia Power's system responded by isolating areas where equipment wasn't operating correctly to ensure safety and minimize damage. No personnel or passengers were in danger at any time.
Georgia Power has many redundant systems in place to ensure reliability for the Airport and its millions of travelers - power outages affecting the Airport are very rare.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-update-hartsfield-jackson-international-airport-300572388.html
SOURCE Georgia Power
Article Date
12/17/201712/14/2017 - Toshiba fulfills $3.68 billion parent guarantee obligation for Vogtle nuclear expansion
Toshiba fulfills $3.68 billion parent guarantee obligation for Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 14, 2017 /PRNewswire/ -- Georgia Power and the other Vogtle co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities, have now received a total of $3.68 billion in parent guarantee payments from Toshiba, the full amount owed by the parent company of former primary Vogtle contractor Westinghouse. Toshiba originally agreed to make monthly payments through January 2021 but, under a new agreement reached earlier this month, delivered all remaining installments in a single payment of approximately $3.225 billion on December 14. Georgia Power's proportionate share of the payment is $1.47 billion.
Parent guarantees were put in place to protect Georgia electric customers as part of the original contract for the Vogtle nuclear expansion. The payments will reduce the total cost of the plant for Georgia Power by approximately $1.7 billion with every dollar received from Toshiba being used to benefit customers.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In addition to receiving 100 percent of parent guarantee funds available from Toshiba, the company recently announced a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE). Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
Vogtle Project Review Underway
On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. Receiving all remaining parent guarantee payments from Toshiba further strengthens the recommendation and eliminates one of the greatest risks for continuing construction of the only new nuclear units currently under construction in the United States.
The Georgia PSC is reviewing the recommendation to move forward and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding on December 21. Read the 17th VCM Report here and recent comments from Georgia Power Chairman, President & CEO Paul Bowers to the Georgia PSC here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected benefits of the DOE loan guarantees, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/toshiba-fulfills-368-billion-parent-guarantee-obligation-for-vogtle-nuclear-expansion-300571464.html
SOURCE Georgia Power
Article Date
12/14/201712/13/2017 - Georgia Power assists AT&T with Project AirGig Trials to Bring Ultra-Fast Internet Over Power Lines Closer to Reality
Georgia Power assists AT&T with Project AirGig Trials to Bring Ultra-Fast Internet Over Power Lines Closer to Reality
Source: PR Newswire
ATLANTA, Dec. 13, 2017 /PRNewswire/ -- Georgia Power announced today that it is working with AT&T for a Georgia-based trial of AT&T's unique Project AirGig technology. AirGig is a first-of-its-kind system that could one day deliver internet speeds well over 1 gigabit per second via a millimeter wave (mmWave) signal guided by power lines. AT&T hopes that one day there will be no need to build new towers or bury new cables in locations close to aerial power lines. Instead, using AirGig patented technology, AT&T and local utilities like Georgia Power would install devices to provide high speed broadband which can be clamped on by trained electrical workers in just a few minutes.
As the trial involves new equipment installed on Georgia Power poles, the company is working closely with AT&T to ensure there are no negative impacts to reliability or electrical service for 2.5 million customers across the state.
"Georgia Power continuously utilizes technology research and collaborates with companies like AT&T in order to introduce new products and services that help meet the changing needs of our customers," said Paul Bowers, chairman, president and CEO of Georgia Power. "Expanding access to high speed internet is an important initiative that provides value for our all of our customers and helps us remain a competitive state in which to do business."
AirGig technology embodies over a decade of research by AT&T Labs and more than 300 patents and patent applications. It also represents a potential new era in connectivity where turbocharged data speeds can be available almost everywhere in the world.
Click here to learn more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-assists-att-with-project-airgig-trials-to-bring-ultra-fast-internet-over-power-lines-closer-to-reality-300571100.html
SOURCE Georgia Power
Article Date
12/13/20172017 marks year of progress for nation's only new nuclear units
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 12, 2017 /PRNewswire/ -- 2017 was a year of construction progress for the Vogtle expansion with 6,000 people from across the country onsite working to move the Vogtle nuclear expansion forward. The new units at Plant Vogtle (co-owned by Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) are the only new nuclear units currently under construction in the United States and, once complete, will generate enough electricity to power approximately 500,000 homes and businesses.
Significant milestones and announcements this year included:
To view all of the progress made this year, and since the beginning of construction, visit the Georgia Power YouTube Channel and view new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Vogtle Project Review & Cost Update
The Georgia PSC is reviewing the recommendation to move forward filed on August 31 and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read the 17th VCM Report here.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In addition to this month's announcement that the Vogtle co-owners have reached an agreement to receive 100 percent of parent guarantee funds available from Toshiba (approximately $3.2 billion) by Dec. 15, 2017, the company recently announced a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE). Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the new agreement with Toshiba, expected benefits of the DOE loan guarantees, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee and the new agreement; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/2017-marks-year-of-progress-for-nations-only-new-nuclear-units-300570177.html
SOURCE Georgia Power
Article Date
12/12/201712/11/2017 - Georgia Power restoration efforts nearing completion with power to more than 365,000 customers restored since Friday
Georgia Power restoration efforts nearing completion with power to more than 365,000 customers restored since Friday
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 10, 2017 /PRNewswire/ -- Throughout the day today, Georgia Power has largely completed restoration efforts following this weekend's winter weather. Crews have worked around the clock in difficult conditions, including snow, freezing rain and ice since the storm hit, restoring power to hundreds of thousands of customers since Friday. Teams will remain engaged in restoration and repair work in the field until all customers, who can accept power, are reconnected.
Customers in some of the hardest hits areas of North Georgia may not be able reconnect to Georgia Power service due to extensive damage. Georgia Power reminds customers that the electrical service entry point on their home or business, including the meter box and other components, must be repaired before Georgia Power can reconnect service. The company cannot, by law, connect power to a damaged meter box, or other non-Georgia Power components, and property owners should contact a qualified electrician to make repairs in order for the company to reconnect service.
Restoration Update
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-restoration-efforts-nearing-completion-with-power-to-more-than-365000-customers-restored-since-friday-300569396.html
SOURCE Georgia Power
Article Date
12/11/2017Georgia Power restoration efforts to be largely completed Sunday
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 10, 2017 /PRNewswire/ -- Georgia Power expects to have restoration efforts largely completed Sunday with crews in the field remaining focused on reconnecting all customers impacted by this weekend's severe winter weather which brought snowfall, freezing rain and ice throughout North Georgia. While weather conditions are improving today, many areas remain inaccessible due to heavy snowfall, fallen trees or blocked roads. Restoration teams are gaining access to some of the hardest-hit areas for the first time today to assess damage and will continue to concentrate on restoring as many customers as possible with each repair while addressing public safety concerns.
Restoration Update
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-restoration-efforts-to-be-largely-completed-sunday-300569377.html
SOURCE Georgia Power
Article Date
12/10/2017Power restored to 295,000 customers as of Saturday night
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 9, 2017 /PRNewswire/ -- Repair and restoration efforts continue Saturday night, with Georgia Power personnel across the state remaining focused on safely restoring all customers impacted by this week's winter weather. Significant progress was made throughout the day today, with crews restoring power to customers throughout Northern Georgia and making critical repairs to restore the largest numbers of customers possible and address public safety concerns. Following heavy snowfall and freezing rain which lasted nearly 24 hours, crews in the field are facing challenging travel conditions with blocked roads, sub-freezing temperatures and additional icing expected overnight.
Restoration Update
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/power-restored-to-295000-customers-as-of-saturday-night-300569362.html
SOURCE Georgia Power
Article Date
12/10/2017Restoration efforts progressing with 240,000 customers restored since Friday
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 9, 2017 /PRNewswire/ -- Georgia Power crews have made significant progress Saturday, restoring power to customers throughout Northern Georgia and making critical repairs to restore the largest numbers of customers possible and address public safety concerns. Following heavy snowfall and freezing rain which lasted nearly 24 hours, crews continue to face challenging travel conditions with blocked roads, sub-freezing temperatures and additional icing expected overnight.
Restoration Update
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/restoration-efforts-progressing-with-240000-customers-restored-since-friday-300569358.html
SOURCE Georgia Power
Article Date
12/9/2017Power restored to 175,000 customers over past 24 hours
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 9, 2017 /PRNewswire/ -- Repair and restoration efforts continue Saturday afternoon with personnel throughout the state engaged in Georgia Power's efforts to restore service to customers impacted by heavy snowfall over the past 24 hours. Restoration crews in the field continue to face challenging travel conditions, including impassable bridges and roads due to significant snow accumulation and icing.
Restoration Update
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/power-restored-to-175000-customers-over-past-24-hours-300569349.html
SOURCE Georgia Power
Article Date
12/9/201712/9/2017 - Restoration efforts continue Saturday as crews face challenging weather and travel conditions
Restoration efforts continue Saturday as crews face challenging weather and travel conditions
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 9, 2017 /PRNewswire/ -- With winter weather continuing into Saturday, Georgia Power is responding to service interruptions as quickly and safely as possible. Restoration crews working to restore power for customers today are facing challenging weather and travel conditions, including impassable bridges and roads due to significant snow accumulation and icing.
Restoration Update
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/restoration-efforts-continue-saturday-as-crews-face-challenging-weather-and-travel-conditions-300569339.html
SOURCE Georgia Power
Article Date
12/9/2017Georgia Power responding to outages caused by winter weather
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 8, 2017 /PRNewswire/ -- As winter weather, including snow and freezing rain, continues to move across Georgia, Georgia Power is responding to service interruptions as quickly and safely as weather conditions allow. Restoration crews have been in the field throughout the day today and have restored power to more than 60,000 customers since noon. As of 10:30 p.m. Friday night, approximately 80,000 customers are without power statewide according to Georgia Power's Online Outage Map.
Georgia Power reminds customers to keep safety first during severe winter weather and offers multiple tools and resources to stay connected and informed.
After the Storm Safety Tips
Tools You Can Use Year-round
For additional video tips on preparing for winter weather, visit GeorgiaPower.com/WinterPrep. The site features information on a variety of winter weather topics including Watches vs. Warnings, Staying Connected, Electrical Safety and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-responding-to-outages-caused-by-winter-weather-300569303.html
SOURCE Georgia Power
Article Date
12/9/2017U.S. Department of Energy approves Toshiba agreement to deliver $3.2 billion in remaining payments for Vogtle project
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 8, 2017 /PRNewswire/ -- The U.S. Department of Energy (DOE) has issued the final approval needed for Georgia Power's new agreement with Toshiba, the parent company of former primary Vogtle contractor Westinghouse, to receive all remaining scheduled payments from Toshiba in the amount of approximately $3.2 billion by Dec. 15, 2017. Georgia Power's proportionate share of the payments is approximately $1.47 billion. To date, the Vogtle co-owners (Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) have received $455 million in total scheduled payments from Toshiba under the parent guarantee for the Vogtle project – a structure which was put in place to protect Georgia electric customers as part of the original contract.
"We are pleased to have reached this constructive agreement with Toshiba regarding the parent guarantees for the Vogtle project and every dollar will be used to benefit our customers," said Paul Bowers, chairman, president and CEO of Georgia Power when the agreement was announced on Dec. 5. "We remain committed to making the right decisions for our state's energy future and continue to believe that completing both Vogtle units represents the best economic choice for customers and preserves the benefits of carbon-free, baseload generation for Georgia electric customers."
Vogtle Project Review Underway
On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the Westinghouse bankruptcy. The Georgia PSC is reviewing the recommendation to move forward and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read the 17th VCM Report here and recent comments from Georgia Power Chairman, President & CEO Paul Bowers to the Georgia PSC here.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In addition to the agreement to receive 100 percent of parent guarantee funds available from Toshiba by Dec. 15, 2017, the company recently announced a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE). Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the new agreement with Toshiba, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee and the new agreement; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/us-department-of-energy-approves-toshiba-agreement-to-deliver-32-billion-in-remaining-payments-for-vogtle-project-300569290.html
SOURCE Georgia Power
Article Date
12/9/201712/8/2017 - Atlantic Coast Pipeline signs Project Labor Agreements with four leading construction trade unions
Atlantic Coast Pipeline signs Project Labor Agreements with four leading construction trade unions
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
RICHMOND, Va., Dec. 8, 2017 /PRNewswire/ -- Atlantic Coast Pipeline, LLC announced today it has signed Project Labor Agreements with the nation's four leading building and construction trade unions. The agreements reaffirm the Atlantic Coast Pipeline project's commitment to hiring skilled union workers for the pipeline's construction. The agreements were signed with the Laborers' International Union of North America (LiUNA), Teamsters National Pipeline (Teamsters), International Union of Operating Engineers (IUOE) and the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States (United Association).
"From day one we've committed to building this project to the highest standards of quality and safety," said Leslie Hartz, Dominion Energy's Vice President, Engineering & Construction. "These organizations represent the most highly-skilled and well-trained professionals in the industry. They have the training, dedication and experience we need, and we're proud to have them on board for this historic project," Hartz concluded.
Commitment to Hiring Local
Under the agreements, the four trade unions will be responsible for hiring and training the 13,000 construction workers needed to build the pipeline. The unions have committed to hiring at least half of the construction workforce through local union membership in West Virginia, Virginia and North Carolina. Furthermore, the organizations have committed to hiring at least 25 percent of all new hires – individuals joining the trade unions for the first time – from the local communities where the pipeline will be built.
Biggest Job-Creating Infrastructure Project in Decades
"This is the biggest job-creating infrastructure project we've seen in our region for many decades," said Dennis Martire, LiUNA's Vice President & Mid-Atlantic Regional Manager. "This is a once-in-a-generation opportunity to rebuild our region's infrastructure and bring back the middle class jobs that have disappeared from too many of our communities. Our members live in these communities, so we have a personal stake in doing this the right way and with the utmost care for safety and the environment. We have the skills and the work ethic that it takes to build a project like this, and we're just grateful for the opportunity to put those skills to work for our economy and our energy security," Martire concluded.
Free Training and Apprenticeships for Local Residents
In addition to employing thousands of local tradesmen and craftsmen, the Atlantic Coast Pipeline will provide opportunities for many local residents to pursue new careers in the construction industry. The trade unions are offering free local training and apprenticeship programs so local residents can develop new skills and gain real-world experience in the industry. After construction of the Atlantic Coast Pipeline is complete, many will go on to pursue long-term careers in the building and construction trades.
Opportunities for Local Veterans
Through their participation in the 'Helmets to Hardhats' program, the trade unions will also provide job opportunities to many local veterans. 'Helmets to Hardhats' is a national, nonprofit program that connects National Guard, Reserve, retired and transitioning active-duty military service members with skilled training and quality career opportunities in the construction industry.
"This project is going to be a game changer for working people in our region, including our veterans," said Matt Yonka, President of the Virginia Building and Construction Trades Council. "We're talking about thousands of new jobs for men and women who have spent their careers developing their craft and contributing to our economy. We're also talking about hundreds, if not thousands of local residents, including our veterans, who will have the chance to start a new career and earn a better livelihood. We're ready to get to work on this project so we can grow our economy and support our families," Yonka concluded.
Skilled Crafts and Trades
The four organizations signing the agreements represent the crafts and trades that will perform the bulk of mainline construction activity for the Atlantic Coast Pipeline:
About Atlantic Coast Pipeline, LLC
Atlantic Coast Pipeline, LLC is comprised of four major U.S. energy companies – Dominion Energy, Duke Energy, Piedmont Natural Gas and Southern Company Gas. The joint venture partners plan to build and own the Atlantic Coast Pipeline, a proposed 600-mile underground natural gas transmission pipeline that will help meet the growing energy needs of public utilities in Virginia and North Carolina to generate cleaner electricity, heat homes and power local businesses. For more information about the Atlantic Coast Pipeline, visit the project's website at www.atlanticcoastpipeline.com.
About Dominion Energy
Dominion Energy (NYSE: D) is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company's website at www.dominionenergy.com.
About Duke Energy
Headquartered in Charlotte, N.C., Duke Energy (NYSE: DUK) is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States. Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.
About Piedmont Natural Gas
Piedmont Natural Gas, a North Carolina corporation, is an energy services company whose principal business is the distribution of natural gas to more than a million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee. Piedmont provides a foundation for establishing a broader strategic natural gas infrastructure platform within Duke Energy to supplement and complement the previous natural gas pipeline investments and the natural gas business located in the Midwest. Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at www.southerncompanygas.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/atlantic-coast-pipeline-signs-project-labor-agreements-with-four-leading-construction-trade-unions-300568981.html
SOURCE Dominion Energy
Article Date
12/8/2017New shield building panels placed at Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 7, 2017 /PRNewswire/ -- Georgia Power announced today the latest milestone at the Vogtle nuclear expansion – the placement of additional shield building panels for Unit 3 on Dec. 4. The shield building provides structural support to the containment cooling water supply and protects the containment vessel, which houses the reactor vessel and associated equipment. The shield building is made of steel and concrete in what is known as a steel composite design that is about 150 feet high and about three feet thick. With this week's placement, nearly 80 of the 336 total shield building panels have been placed for Units 3 and 4.
Construction has continued uninterrupted at the Vogtle site following Westinghouse's bankruptcy in March with all Vogtle co-owners (Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) working together to maintain the project's momentum. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site with global construction firm Bechtel managing daily construction efforts.
Click here to view a video of a 28,000-pound shield building panel being lifted into place for Vogtle Unit 3. In addition to new videos posted regularly on the Georgia Power YouTube Channel, follow the progress from the site with new photos added each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Vogtle Project Review Underway
On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the Westinghouse bankruptcy. The Georgia PSC is reviewing the recommendation to move forward and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read the 17th VCM Report here and recent comments from Georgia Power Chairman, President & CEO Paul Bowers to the Georgia PSC here.
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In addition to this week's announcement that the Vogtle co-owners have reached an agreement to receive 100 percent of parent guarantee funds available from Toshiba (approximately $3.2 billion) by Dec. 15, 2017, the company recently announced a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE). Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the new agreement with Toshiba, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: failure to obtain DOE approval of the new agreement; the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee and the new agreement; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/new-shield-building-panels-placed-at-vogtle-nuclear-expansion-300568736.html
SOURCE Georgia Power
Article Date
12/7/2017Georgia Power dedicates first Community Solar facility to serve customers
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 6, 2017 /PRNewswire/ -- Georgia Power today dedicated the first of two planned solar facilities to supply its new Community Solar program. The two megawatt (MW) solar project, comprised of 8,200 panels and covering more than 10 acres in northeast Georgia, will deliver energy for the new program which gives subscribers a bill credit based on actual solar energy production at the facility. Leaders from Georgia Power, Georgia Public Service Commissioners Lauren "Bubba" McDonald and Tim Echols, as well as community and business leaders marked the occasion at a special event in Comer, Georgia.
"Collaboration between Georgia Power, the Georgia Public Service Commission, solar companies and communities across the state have helped continue to position Georgia as a national solar leader," said Greg Roberts, vice president pricing and planning for Georgia Power. "Community Solar is the latest addition to a variety of Georgia Power programs that give customers the flexibility to choose how they want to support the growth of solar energy in our state."
While the Community Solar program launches in January 2018, Georgia Power opened pre-enrollment for interested customers in October. In addition to the new Comer facility dedicated today, the company plans to construct another one-MW facility to supply the program in another part of the state.
Is Community Solar Right for You?
Designed in coordination with and approved by the Georgia Public Service Commission, Community Solar is ideal for residential customers who want to support solar, especially those who are unable to install a photovoltaic (PV) system at their homes, including renters and condominium owners, or homeowners with shaded roof space or restrictive covenants. Participation in the program will cost $24.99 per 1 kilowatt (kW) block per month in exchange for a monthly credit based on a solar facility's production. Customers are limited to their estimated monthly energy usage – and a maximum of 10 1-kW blocks, with a total of 3,000 blocks available for subscription. The solar production of a 1 kW subscription block will vary due to season, number of cloudy days and other factors, but is estimated to be in the range of 130 – 240 kilowatt-hours per month.
Renewable Energy Growth in Georgia
Georgia Power's robust renewable development strategy includes innovative customer programs such as Simple Solar, as well as large-scale initiatives such as the Advanced Solar Initiative (ASI) and the Renewable Energy Development Initiative (REDI). The company continues to have the largest voluntary renewable portfolio in the country and now has approximately 900 MW* of solar capacity in operation, with accelerating growth year over year since 2013. Through continued expansion of solar at Georgia military bases, implementation of the new REDI, as well as other solar projects and programs, the company expects to add up to 1,600 MW* of additional renewable capacity by 2021.
To learn more about Georgia Power's solar programs, including Community Solar and other solar tools and resources for customers, visit www.GeorgiaPower.com/Solar.
* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-dedicates-first-community-solar-facility-to-serve-customers-300568015.html
SOURCE Georgia Power
Article Date
12/6/201712/5/2017 - Georgia Power reaches agreement with Toshiba to receive all remaining Vogtle payments by Dec. 15
Georgia Power reaches agreement with Toshiba to receive all remaining Vogtle payments by Dec. 15
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Dec. 5, 2017 /PRNewswire/ -- Georgia Power announced today that it has reached a new agreement with Toshiba, the parent company of former primary Vogtle contractor Westinghouse, to receive all remaining scheduled payments from Toshiba in the amount of $3.2 billion by Dec. 15, 2017. Georgia Power's proportionate share of the payments is approximately $1.47 billion. To date, the Vogtle co-owners (Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities) have received $455 million in total scheduled payments from Toshiba under the parent guarantee for the Vogtle project – a structure which was put in place to protect Georgia electric customers as part of the original contract.
The agreement will only become binding upon satisfaction of certain conditions including, but not limited to, approval of Toshiba's board of directors and receipt of U.S. Department of Energy (DOE) approval.
"We are pleased to have reached this constructive agreement with Toshiba regarding the parent guarantees for the Vogtle project and every dollar will be used to benefit our customers," said Paul Bowers, chairman, president and CEO of Georgia Power. "We remain committed to making the right decisions for our state's energy future and continue to believe that completing both Vogtle units represents the best economic choice for customers and preserves the benefits of carbon-free, baseload generation for Georgia electric customers."
From the beginning of the Vogtle expansion, Georgia Power has worked to pursue all available benefits for customers and minimize the impact of the new units on electric bills. In addition to securing 100 percent of the funds available from Toshiba, the company recently announced a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the DOE. Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of the additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
Vogtle Project Review Underway
On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. Receiving all remaining parent guarantee payments from Toshiba further strengthens the recommendation and will eliminate one of the greatest risks for continuing construction of the only new nuclear units currently under construction in the United States.
The Georgia PSC is reviewing the recommendation and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read the 17th VCM Report here and recent comments from Georgia Power Chairman, President & CEO Paul Bowers to the Georgia PSC here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning benefits of the new agreement, expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: failure of Toshiba's board of directors to approve the agreement; failure to obtain DOE approval of the new agreement; the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee and the new agreement; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-reaches-agreement-with-toshiba-to-receive-all-remaining-vogtle-payments-by-dec-15-300566846.html
SOURCE Georgia Power
Article Date
12/5/2017New Vogtle video offers bird's-eye view of nation's only new nuclear units
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 30, 2017 /PRNewswire/ -- Georgia Power has released a new aerial video of the nation's only new nuclear units currently under construction – Vogtle Units 3 and 4 near Waynesboro, Georgia. The video provides a bird's-eye view inside the nuclear containment areas of both units, as well as the turbine buildings where electricity will be generated to power approximately 500,000 homes and businesses once the units are completed.
The aerial video illustrates the continued progress made by the 6,000 workers from across the country every day on the construction site. Recent milestones include the placement of the 52-ton CA02 module for Unit 4, a critical component and part of the In-Containment Refueling Water Storage Tank, as well as the installation of the first steam generator, installation of two accumulator tanks for Unit 3 and nearly 2,500 cubic yards of concrete placed inside the containment areas of both units.
Georgia Power has also updated its popular time lapse video which chronicles years of construction progress in just minutes. In addition to new videos posted regularly on the Georgia Power YouTube Channel, follow the progress from the site with new photos added from the Vogtle nuclear expansion site each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Vogtle Project Review Underway
Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. The Georgia PSC is reviewing the recommendation and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read the 17th VCM Report here and recent comments from Georgia Power Chairman, President & CEO Paul Bowers to the Georgia PSC here.
From the beginning of the Vogtle expansion, Georgia Power has worked to minimize the impact of the new units on customer bills. This effort continues during the Georgia PSC's review of the recommendation with the company recently announcing a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE), as well as receipt of multiple scheduled parent guarantee payments from Toshiba. Today, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent related to the project already in rates – well below original projections of approximately 12 percent.
Final approval and issuance of these additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content with multimedia:http://www.prnewswire.com/news-releases/new-vogtle-video-offers-birds-eye-view-of-nations-only-new-nuclear-units-300564738.html
SOURCE Georgia Power
Article Date
11/30/2017National Carbon Capture Center surpasses 100,000 hours of technology testing
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 30, 2017 /PRNewswire/ -- The National Carbon Capture Center, a U.S. Department of Energy (DOE)-sponsored research facility managed and operated by Southern Company, today announced it has surpassed 100,000 hours of technology testing. This milestone marks significant work by the internationally known test facility to accelerate the development of advanced technologies to reduce greenhouse gas emissions from natural-gas and coal power plants.
"It has been an honor for Southern Company to collaborate with DOE, its National Energy Technology Laboratory and our partners at the National Carbon Capture Center to evaluate and demonstrate next-generation carbon capture technologies," said Southern Company Executive Vice President and Chief Operating Officer Kimberly S. Greene. "I also commend Southern Company's highly skilled employees, whose commitment to building the future of energy through innovation is at the heart of this achievement."
Since its creation by DOE's Office of Fossil Energy in 2009, the National Carbon Capture Center has worked with third-party technology developers – including over 30 government, industry, university and research organizations from seven countries. Located in Wilsonville, Alabama, adjacent to Southern Company subsidiary Alabama Power's Plant Gaston, the facility offers a pathway to move novel technologies out of the laboratory and demonstrate them in the real-world conditions of a power plant.
Research at the National Carbon Capture Center can simultaneously evaluate multiple technologies at various levels of maturity, accelerating the pace of development. Through the testing of approximately 60 technologies, screened from more than 300 options, the National Carbon Capture Center has directly participated in the reduction of carbon capture costs by one-third since 2011.
The National Carbon Capture Center also co-founded and chairs the International Test Center Network, a global coalition of facilities focused on accelerating the research, development and commercial deployment of carbon capture, utilization and storage (CCUS) technologies. Under the center's guidance, worldwide CCUS testing collaboration and knowledge sharing is ongoing in Australia, Canada, China, the European Union, India, Japan, Korea, the United Arab Emirates and the U.S.
While technology development at the National Carbon Capture Center currently focuses on post-combustion carbon capture for coal-fired power generation, the facility is expanding its testing of carbon capture technologies for natural gas-fired power plants.
With its historic commitment to research and development, Southern Company remains at the forefront of technology innovation for the production, delivery and end-use of energy, managing approximately $2.3 billion in research and development investments since the 1960s.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content:http://www.prnewswire.com/news-releases/national-carbon-capture-center-surpasses-100000-hours-of-technology-testing-300564544.html
SOURCE Southern Company
Article Date
11/30/2017Georgia Power, Georgia DOT encourage drivers to be winter road ready in new video
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 29, 2017 /PRNewswire/ -- Winter weather is coming, and Georgia Power encourages customers to prepare during Georgia's Winter Weather Preparedness Week the week of November 27. New this year, the company has introduced a video created in partnership with the Georgia Department of Transportation (GDOT) highlighting simple guidance and preparedness tips to help Georgians be "winter road ready." The new video is part of a larger series of Georgia Power videos available at GeorgiaPower.com/WinterPrep featuring useful information on various winter weather topics including Watches vs. Warnings, Staying Connected, Electrical Safety and more.
Tips highlighted in the new video include:
In addition to the Winter Weather Preparedness Week video series at GeorgiaPower.com/WinterPrep, the company's online Outage & Storm Center features safety and preparation tips, as well as tools and resources to help customers stay connected and informed before, during and after severe weather. The Outage & Storm Center also houses Outage Maps and an interactive Outage Map which provides near real-time information on where outages are occurring across the state, as well as estimated restoration times. Customers can also connect with Georgia Power on Facebook and Twitter for helpful information every day, and restoration updates during severe weather.
Winter Weather Preparedness Week is an annual statewide campaign spearheaded by the Georgia Emergency Management Agency (GEMA) and supported by multiple companies and organizations, including Georgia Power. To learn more, visit http://www.gema.ga.gov.
Additional Resources from the Georgia Department of Transportation
Before getting on the road during winter weather Georgia DOT urges motorists to call 511 for updated information on roadway conditions. Georgia 511 is a free phone service that provides real-time traffic and travel information statewide, including closures and reports of icing or other hazardous conditions on interstates and state routes. Callers can transfer to operators to request complimentary vehicle assistance on interstate highways across Georgia from the Highway Emergency Response Operators (HERO) and the Coordinated Highway Assistance & Maintenance (CHAMP) programs - 24 hours a day, seven days a week. Call 511 for vehicle assistance or to report an issue. Visit www.511ga.org. For information about Georgia DOT, visit www.dot.ga.gov. Follow Georgia DOT on Facebook (www.facebook.com/GeorgiaDOT) and Twitter (http://twitter.com/gadeptoftrans).
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-georgia-dot-encourage-drivers-to-be-winter-road-ready-in-new-video-300563744.html
SOURCE Georgia Power
Article Date
11/29/20172017 Georgia Power Light Up the Holidays contest kicks off with free Freddie Falcon fan photos, giveaways at Mercedes-Benz Stadium on November 26
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 21, 2017 /PRNewswire/ --
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WHAT: |
Georgia Power invites Falcons fans to stop by and celebrate the start of the holiday season at Mercedes-Benz Stadium prior to the Atlanta Falcons vs. Tampa Bay Buccaneers game on November 26. Fans can have free holiday photos taken with Freddie Falcon, check out the latest in energy efficient holiday decorations inside a custom tiny house and grab great giveaways. Additionally, the first 55,000 ticketed fans to enter the stadium will also receive a free Georgia Power/Falcons roller banner. |
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WHY: |
As the presenting sponsor of the November 26 Falcons game, Georgia Power is inviting Georgians to "show the glow" by entering the 2017 Georgia Power Light Up the Holidays contest, which runs Nov. 24, 2017 through Dec. 21, 2017. Light Up the Holidays is the perfect way to flaunt how festive you are during the holiday season with participants entered for a chance to win tickets to top Georgia attractions each week during the promotion, as well as a VIP experience at the Chick-fil-A Peach Bowl on January 1. |
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Entering the Light Up the Holidays contest is easy: | |
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| |
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Click here to read more about the contest. For full contest rules, visit www.GeorgiaPower.com/HolidayRules. | |
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WHO: |
Georgia Power & Freddie Falcon |
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WHEN: |
Sunday, Nov. 26, 2017 |
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10 a.m. – 12:30 p.m. | |
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Fan Photos w/ Freddie Falcon: 10 – 10:30 a.m. | |
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WHERE: |
Fan Village |
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Mercedes-Benz Stadium | |
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1 AMB Drive NW | |
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Atlanta, GA 30313 |
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/2017-georgia-power-light-up-the-holidays-contest-kicks-off-with-free-freddie-falcon-fan-photos-giveaways-at-mercedes-benz-stadium-on-november-26-300560499.html
SOURCE Georgia Power
Article Date
11/21/201711/20/2017 - Stock up on energy savings with Black Friday & Cyber Monday deals on Georgia Power Marketplace
Stock up on energy savings with Black Friday & Cyber Monday deals on Georgia Power Marketplace
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 20, 2017 /PRNewswire/ -- Stocking up on energy savings has never been easier with special deals now available on the Georgia Power Marketplace and continuing through Black Friday and Cyber Monday. The Marketplace is Georgia Power's single convenient online portal featuring the most popular energy-saving and smart-home products with a streamlined rebate process for Georgia Power residential customers.
Just a few of the deals available this holiday week:
Deals and promotions will change, including early access to some Black Friday and Cyber Monday deals, as well as flash sales on select products, so shoppers should check the site early and often for the latest offers and full terms and conditions.
Throughout the holiday season, Georgia Power reminds customers that focusing on energy efficiency can help them save money and energy even as they celebrate. In addition to shopping for energy-saving products on the Georgia Power Marketplace, simple tips for the holidays include switching to energy efficient LED decorations, which use more than 50 percent less energy than traditional decoration, and putting decorations on a timer to ensure they're only on when people are home, or awake, to enjoy them. For more easy ways to save energy this holiday, visit www.GeorgiaPower.com/Save. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
Show the Glow & Win
Georgia Power is inviting Georgians to "show the glow" by entering the 2017 Georgia Power Light Up the Holidays contest, which runs Nov. 24, 2017 through Dec. 21, 2017 at www.Facebook.com/GeorgiaPower. Light Up the Holidays is the perfect way to flaunt how festive you are during the holiday season with participants entered for a chance to win tickets to top Georgia attractions each week during the promotion, as well as a VIP experience at the Chick-fil-A Peach Bowl on January 1. Click here to read more about the contest and visit www.GeorgiaPower.com/HolidayRules for full contest rules.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
View original content with multimedia:http://www.prnewswire.com/news-releases/stock-up-on-energy-savings-with-black-friday--cyber-monday-deals-on-georgia-power-marketplace-300559510.html
SOURCE Georgia Power
Article Date
11/20/2017Georgia Power invites customers to Light Up the Holidays this season
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 16, 2017 /PRNewswire/ -- As the holiday season kicks off this month, Georgia Power is inviting Georgians to "show the glow" by entering the 2017 Georgia Power Light Up the Holidays contest, which runs Nov. 24, 2017 through Dec. 21, 2017. Light Up the Holidays is the perfect way to flaunt how festive you are during the holiday season with participants entered for a chance to win tickets to top Georgia attractions each week during the promotion, as well as a VIP experience at the Chick-fil-A Peach Bowl on January 1.
Entering the contest is easy:
Each week during the promotion period, Georgia Power will randomly select one entry submitted since Nov. 24, 2017 to receive four tickets to one of Georgia's marquee public holiday attractions. Winners of this weekly drawing will be able to choose from the following attractions (subject to availability): Magical Nights of Lights 2017 at Lanier Islands (single car pass with 10 people included); Garden Lights, Holiday Nights at the Atlanta Botanical Garden; 2017 December Nights & Holiday Lights at the Coastal Georgia Botanical Gardens; Fantasy in Lights at Callaway Gardens; or Snow Mountain & Christmas Adventure at Stone Mountain Park.
The week of December 25, Georgia Power will announce one Grand Prize Winner selected based solely on the total number of votes received for the photo during the promotion period. The Grand Prize Winner will receive a VIP experience for four at the Chick-fil-A Peach Bowl in Atlanta which includes tickets to the game, FanFest passes, pre-game field passes and four "swag" bags filled with Falcons gear. The Grand Prize Winner will also accept their trophy at the game.
Two Runners-Up will also be selected based on the total number of votes received, and will each receive a $250 gift card to Georgia Power Marketplace, Georgia Power's single convenient online portal featuring the most popular energy-saving and smart-home products with a streamlined rebate process for Georgia Power residential customers.
Throughout the holiday season, Georgia Power reminds customers that focusing on energy efficiency can help them save money and energy even as they celebrate. In addition to shopping for energy-saving products on the Georgia Power Marketplace, simple tips for the holidays include switching to energy efficient LED decorations, which use more than 50 percent less energy than traditional decoration, and putting decorations on a timer to ensure they're only on when people are home, or awake, to enjoy them. For more easy ways to save energy this holiday, visit www.GeorgiaPower.com/Save.
The company encourages customers to stay safe around electricity every day, and especially when decorating for the holidays. Holiday decorators should remember to follow all product safety instructions, exercise caution around power lines and when using ladders and watch for damaged cords and overloaded outlets. For more electric safety tips, visit www.GeorgiaPower.com/Safety.
For full 2017 Georgia Power Holiday Lighting Contest Rules, visit www.GeorgiaPower.com/HolidayRules.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/16/2017Georgia Power presents second annual Preston Arkwright Award for service
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 15, 2017 /PRNewswire/ -- Georgia Power has announced the recipient of the second annual Preston Arkwright Award for service – Matt Goff, forestry and right of way supervisor for Georgia Power. The company created the award to spotlight and recognize the exceptional commitment to service demonstrated by thousands of employees working every day in communities across the state. Danna Clary, sales training consultant in Atlanta, was also selected as a runner up for the award during a special ceremony held recently at the annual Citizens of Georgia Power statewide meeting. The Citizens of Georgia Power is the company's statewide, employee-driven community service organization.
"Enriching our neighborhoods and improving the lives of those around us is a passion shared by all Georgia Power employees – not just today, but since the very beginning of our company," said Paul Bowers, chairman, president and CEO of Georgia Power. "As our employees continue to fulfill our mission to be a citizen wherever we serve, I am proud of Matt and Danna's dedication to their communities and recognize the impact they have made for so many."
Goff has worked with Georgia Power for more than 15 years and has embraced the company's service philosophy in tandem with his personal dedication to the community. He organized and ran the Citizens of Georgia Power - Metro South Chapter's Power Clays Shoot, the largest single fundraising event for Electric Kids, a nonprofit organization which provides assistance to children of deceased or disabled Georgia Power or Southern Company employees based in Georgia. Goff also assists with homeless shelters, battered and abused women shelters, as well as Relay for Life in Fayette County.
The Preston Arkwright Award was created in honor of Preston Arkwright, the company's first president who coined the phrase "A Citizen Wherever We Serve" more than 100 years ago. Employees were nominated by their colleagues for the award, with finalists selected by a panel and winners chosen by employee voting. As part of the award, Goff will receive a $5,000 donation to a nonprofit of his choice. Clary will receive a $1,500 donation to a nonprofit of her choice.
A commitment to citizenship is at the heart of Georgia Power's culture. In 2016, the company's total community impact totaled $22 million with Georgia Power and the Georgia Power Foundation, Inc. investing more than $16.6 million in communities and nonprofit organizations across the state. Additionally, Georgia Power employees and retirees donated over 150,000 hours in volunteer services – valued at more than $3.6 million. To learn more about how Georgia Power is working to make Georgia an even better place to live and work, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/15/201711/14/2017 - Georgia Power releases new statewide PSA in advance of Utility Scam Awareness Day on November 15
Georgia Power releases new statewide PSA in advance of Utility Scam Awareness Day on November 15
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 14, 2017 /PRNewswire/ -- Georgia Power is joining other electric, water and natural gas utilities across the country to mark Utility Scam Awareness Day on Wednesday, Nov. 15 and has released a new public service announcement (PSA) featuring simple tips to help customers avoid common scams. The PSA, which is available from the company and through the Georgia Association of Broadcasters, was produced in English and Spanish and can be viewed on the company's YouTube channel.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/7464952-georgia-power-utility-scam-awareness/
"We're committed to protecting our customers' personal and account information every day, and also working to educate our customers about how we do business so that they can avoid scams," said Pedro Cherry, executive vice president of Customer Service and Operations for Georgia Power. "We actively work to identify new scams and fraud tactics and partner with law enforcement to prosecute those who try to take advantage of our customers."
Reminders from Georgia Power to avoid common scams:
Learn more about common scams and how the company works to protect customers by visiting www.GeorgiaPower.com/Scam.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
View original content:http://www.prnewswire.com/news-releases/georgia-power-releases-new-statewide-psa-in-advance-of-utility-scam-awareness-day-on-november-15-300555672.html
SOURCE Georgia Power
Article Date
11/14/201711/14/2017 - Plant Farley to conduct test of emergency siren system in communities surrounding the plant
Plant Farley to conduct test of emergency siren system in communities surrounding the plant
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
BIRMINGHAM, Ala., Nov. 14, 2017 /PRNewswire/ -- On Tuesday, Dec. 5, Plant Farley, in cooperation with state and local emergency management agencies, will conduct the annual test of the emergency notification system located within the plant's 10-mile emergency planning zone. This annual test ensures area residents can be promptly notified in the unlikely event of a plant emergency.
The test will begin at approximately noon CT. All sirens located within the plant's 10-mile emergency planning zone will be activated. The test is not a cause for concern and it requires no public action.
When the testing begins, the sirens will activate and sound for about three minutes. The sirens may be heard in Houston and Henry counties in Alabama and Early County in Georgia by residents, schools and businesses.
If this were an actual emergency, the message would advise residents of any precautionary measures required. In an actual emergency, sirens would be a signal for residents to go indoors and tune in to their local Emergency Alert System radio or TV station. County officials would then use these stations to provide instructions to the public. The sirens are not an indication that residents should leave the area.
For more information about Plant Farley's emergency response plan and instructions for area residents, review the 2017 Plant Farley Emergency Information Calendar online at http://www.southerncompany.com/about-us/our-business/southern-nuclear/pdfs/emergency_info_farley.pdf.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
11/14/201711/10/2017 - Georgia Power highlights veterans' views from Vogtle
Georgia Power highlights veterans' views from Vogtle
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 10, 2017 /PRNewswire/ -- Georgia Power is celebrating the role that U.S. military veterans play in serving its 2.5 million electric customers in the state, including approximately 30 percent of Georgia Power and Southern Nuclear employees at the Vogtle nuclear expansion project near Waynesboro, Georgia. Prior to Veterans Day this Saturday, Georgia Power is inviting social fans to tune into its Facebook page to hear from two veterans working on the project share their experiences transitioning from the military and how the skills they learned in the service have served them in their civilian careers.
Facebook Live features from the Vogtle nuclear expansion site on Friday, Nov. 10:
Supporting the U.S. military is also a focus for Georgia Power in every community it serves. A recent initiative spearheaded by Georgia Power employee Sarah Beth Todd is featured in a new video released this week by Georgia Power. Working with employees, friends and family, as well as local students throughout the state, Todd collected more than 1,200 letters of thanks for military service members. Click here to watch the video.
Assisting veterans
Approximately one in 10 Georgia Power employees are veterans of the U.S. Armed Forces. In addition to a concentrated veteran recruitment effort, Georgia Power's Military Veterans in Power (MVP) internal employee resource group brings company executives and a diverse group of veterans from across Georgia Power together to help veterans transition from the military to the civilian workforce. The group also focuses on charitable activities and volunteering with organizations that support veterans and their families across the state.
Programs, partnerships and accolades
Georgia Power's parent company, Southern Company, is a founding partner of the Troops to Energy Jobs program, a recruiting source that links veterans to job openings in the energy industry, and actively recruits members of the Navy as a Naval Nuclear Propulsion Program partner. Through this program, Georgia Power has been able to transition veterans directly from military bases including Fort Stewart near Savannah to positions within the company. Southern Company is consistently recognized for its veterans programs, including being named to G.I. Jobs' annual Top 100 Military Friendly Employer® listing and as a "Best for Vets Employer" by Military Times EDGE for multiple years.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
11/10/2017Georgia Power, Ron Clark Academy celebrate renewed STEM partnership
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 8, 2017 /PRNewswire/ -- Georgia Power and the world-renowned Ron Clark Academy in Atlanta continue to provide new skills and training for Georgia educators through the annual PowerED Fellows program. PowerED Fellows, funded by The Georgia Power Foundation Inc., receive a three-day professional developmental experience at the Ron Clark Academy focused on STEM-related best practices in teaching and student engagement to prepare the workforce of the future. Since the beginning of this partnership four years ago, more than 250 fellows from more than 85 Georgia schools have completed the training.
This month, in conjunction with the 10th anniversary of the Ron Clark Academy, The Georgia Power Foundation announced its continued commitment to the program. The renewed partnership includes an additional $500,000 in funding for the PowerED Fellows program over the next three years and $250,000 in funding towards the Academy's capital campaign to extend its facility with a performing arts center and additional space for more teachers to participate in world-class training programs.
"The Georgia Power Foundation is honored to work with the Ron Clark Academy to help our state's educators stay at the forefront of STEM education and we congratulate all of the teachers who have completed the PowerED Fellows program," said Rita Breen, executive director of the Georgia Power Foundation. "Ensuring that our teachers have the tools and resources they need to prepare and empower Georgia students for future careers is one piece of our commitment to improving education in the state and we look forward to bringing more teachers to the Ron Clark Academy through this exciting program."
2017 PowerED Fellows include:
Central Region
Coastal Region
East Region
Metro Atlanta
Northeast Region
Northwest Region
South Region
West Region
Georgia Power's commitment to education spans its more than 100-year history and is emphasized companywide. The company offers free resources for educators including interactive diagrams, an online energy calculator, access to power plant tours and more. Other efforts to enhance and improve education in Georgia include partnerships with groups such as Junior Achievement and assistance grants for new teachers awarded annually across the state. For more information about Georgia Power's initiatives and programs, visit www.georgiapower.com/education.
The Georgia Power Foundation, Inc.
The Georgia Power Foundation, Inc. a non-profit 501(c)(3) organization, is the third-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Media Contact:
Media Relations
(404) 506-7676 or (800) 282-1696
www.georgiapower.com
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SOURCE Georgia Power
Article Date
11/8/201711/8/2017 - 52-ton CA02 module placed at Vogtle Unit 4
52-ton CA02 module placed at Vogtle Unit 4
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 8, 2017 /PRNewswire/ -- Georgia Power announced today the latest milestone at the Vogtle nuclear expansion project – the recent placement of the CA02 module for Unit 4. Weighing 52 tons, the CA02 is a critical component and part of the In-Containment Refueling Water Storage Tank (IRWST). The IRWST is a 75,300 cubic foot tank that, once the units are operational, is filled with borated water and is a key safety feature within containment providing automatic, gravity-fed backup cooling for the reactor vessel.
Georgia Power has also released the latest Vogtle Timeline video highlighting safety, productivity and efficiency at the Vogtle site in the third quarter of 2017. More than 6,000 workers are onsite today working on the nation's only new nuclear units and focused on increased productivity and safe, high-quality construction.
Now available on Georgia Power's YouTube Channel, the new Vogtle Timeline video includes:
Follow the progress being made at the project with new photos added from the Vogtle nuclear expansion site each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Vogtle Project Review Underway
Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. The Georgia PSC is reviewing the recommendation and is expected to make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read the 17th VCM Report here and comments from Georgia Power Chairman, President & CEO Paul Bowers to the Georgia PSC here.
From the beginning of the Vogtle expansion, Georgia Power has worked to minimize the impact of the new units on customer bills. This effort continues during the Georgia PSC's review of the recommendation with the company recently announcing a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE), as well as receipt of the first of multiple scheduled parent guarantee payments from Toshiba. Today, the total expected rate impact of the project remains less than the original estimate, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy.
Final approval and issuance of these additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
11/8/2017Georgia Power CEO provides overview of recommendation to move forward with Vogtle 3 & 4 project to the Georgia PSC
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 6, 2017 /PRNewswire/ -- Georgia Power and the other Owners of the Vogtle 3 & 4 project (Oglethorpe Power, MEAG Power and Dalton Utilities) today presented their unified recommendation to continue construction of the project to the Georgia Public Service Commission (PSC). Georgia Power filed the recommendation to move forward with the Georgia PSC on August 31 as part of the 17th Vogtle Construction Monitoring (VCM) Report. The recommendation was supported by all of the Owners and based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment which was launched following the bankruptcy of Westinghouse in March.
Chairman, President and CEO of Georgia Power Paul Bowers delivered the following remarks prior to the start of scheduled public hearings at the Georgia PSC.
"Good morning. On behalf of the Vogtle 3 & 4 Owners – Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities – we appreciate the opportunity to appear before this Commission to provide an overview of the recommendation to continue the Vogtle 3 & 4 expansion and answer any questions you may have about the project. As you know, project experts will take the stand throughout this week to discuss the 17th Vogtle Construction Monitoring (VCM) Report filed on August 31 in more detail.
The 17th VCM Report included a recommendation, supported by all the Owners and their respective boards, to go forward with the project. This recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment that was prompted by the bankruptcy of Westinghouse and the subsequent rejection of the fixed-price contract. That is why we are here – to consider the impact of the Westinghouse bankruptcy.
The Owners are unified in our recommendation to move forward with construction and believe we have identified the risks upfront and provided the information necessary to support the recommendation. We also understand that this is a complex and difficult decision and it is ultimately the Commission's decision on whether or not we will move forward with this project.
Based on all factors considered, completing both units represents the best economic choice for customers and preserves the benefits of carbon-free, baseload generation for our state. Assessments of the project included a robust economic analysis; evaluation of various alternatives including abandoning one or both units or converting the units to gas-fired generation; and assumptions related to potential risks including future payments from Toshiba, availability of production tax credits and the extension of loan guarantees from the Department of Energy (DOE) that reflect the new cost projections.
Since the filing, we have mitigated some of the risks that further strengthen the recommendation:
Construction has continued uninterrupted at the Vogtle site over the past six months with all the Owners working together to maintain the project's momentum following Westinghouse's bankruptcy. Southern Nuclear, the nuclear operating subsidiary which operates the existing units in Georgia, is now the project manager at the site. Global construction firm Bechtel is managing daily construction efforts. Progress is steady and evident, illustrated by multiple recent achievements such as the placement of the final steam generator for Unit 3 on October 10 and, at the end of September, more than 1,800 cubic yards of concrete was placed in the Unit 3 containment vessel – a 71-hour pour which illustrates significant efficiency improvements.
Let me close with specific Georgia Power comments:
As Chairman, President and CEO of Georgia Power, it is my responsibility every day to make sure that everything we do is in the best interests of the 2.5 million customers we serve. In addition to the Vogtle expansion, we're focused on making the investments necessary – including further diversifying our energy mix as well as investing billions of dollars in grid enhancements in order to provide clean, safe, reliable and affordable energy for our customers, today and in the future. The value of these investments was proven following the impact of Hurricane Irma when we restored power to nearly one million customers across the state in just four and a half days.
Based on the new expected operation dates of November 2021 and November 2022, the projected peak rate impact to Georgia Power retail customers is approximately 10 percent, with 5 percent already related to the project in rates – well below our original projections of approximately 12 percent.
Georgia Power will continue to fulfill our commitment to our customers and share in the financial risk of the project. Under the prudence agreement approved by this Commission, Georgia Power and our shareholders bear significant penalties as a result of the updated forecast, which will equate to almost half a billion dollars. Based on current projections, this agreement will also reduce the amount paid by customers for the project by approximately $750 million. As the commission envisioned in approving this agreement, the consequences are severe.
Finally, Georgia's constructive regulatory environment and forward-looking energy policy has enabled Georgia Power to maintain a diverse energy mix that allows us to deliver clean, safe, reliable electricity at rates 14 percent below the national average today – which includes 5 percent for the Vogtle project that is already in rates. We believe nuclear is a dominant solution in our long-term energy picture.
In conclusion, I want to thank the members of this Commission for your continued thorough and thoughtful oversight of the Vogtle 3 & 4 project. As you carefully consider the best path forward for the Vogtle project, we are confident you will make the right, long-term decision for the citizens of Georgia.
Before we answer any questions you may have, I would also like to make you aware of a letter that was sent to all of the Owner CEOs last week from former U.S. Senator Sam Nunn expressing his support for our recommendation to finish this project. I have a copy of that letter if you would like."
The Georgia PSC is expected to review the recommendation and make a decision regarding the future of the Vogtle 3 & 4 project as part of the 17th VCM proceeding. Read more here.
Final approval and issuance of additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected rate impacts and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
11/6/2017Fall back into energy savings this weekend with Georgia Power
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 2, 2017 /PRNewswire/ -- As millions of Georgians change their clocks to mark the end of daylight saving time this Saturday, Nov. 4, Georgia Power encourages customers to make small, once-a-year changes to save money and energy year round.
Tips from Georgia Power:
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. The company also offers customers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/fall-back-into-energy-savings-this-weekend-with-georgia-power-300548833.html
SOURCE Georgia Power
Article Date
11/2/2017Southern Company reports third quarter 2017 earnings
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Nov. 1, 2017 /PRNewswire/ -- Southern Company today reported third quarter 2017 earnings of $1.07 billion, or $1.07 per share, compared with earnings of $1.14 billion, or $1.18 per share, in the third quarter of 2016. For the nine months ended September 30, 2017, Southern Company reported earnings of $347 million, or 35 cents per share, compared with earnings of $2.25 billion, or $2.40 per share, for the same period in 2016.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $1.13 billion, or $1.12 per share, during the third quarter of 2017, compared with $1.23 billion, or $1.27 per share, during the third quarter of 2016. For the nine months ended September 30, 2017, excluding these items, Southern Company earned $2.51 billion, or $2.51 per share, compared with earnings of $2.46 billion, or $2.62 per share, for the same period in 2016.
|
Non-GAAP Financial Measures |
Three Months Ended September |
Year-to-Date September | |||
|
Net Income - Excluding Items (in millions) |
2017 |
2016 |
2017 |
2016 | |
|
Net Income - As Reported |
$1,069 |
$1,139 |
$347 |
$2,251 | |
|
Estimated Loss on Kemper IGCC |
34 |
88 |
3,155 |
222 | |
|
Tax Impact |
(13) |
(34) |
(951) |
(85) | |
|
Loss on Plant Scherer Unit 3 |
- |
- |
33 |
- | |
|
Tax Impact |
- |
- |
(13) |
- | |
|
Acquisition and Integration Costs |
6 |
43 |
19 |
107 | |
|
Tax Impact |
7 |
(14) |
2 |
(34) | |
|
Wholesale Gas Services |
38 |
18 |
(48) |
18 | |
|
Tax Impact |
(15) |
(7) |
20 |
(7) | |
|
Earnings Guidance Comparability Item: |
|||||
|
Equity Return Related to Kemper IGCC Schedule Extension |
- |
(7) |
(47) |
(7) | |
|
Tax Impact |
- |
(1) |
(9) |
(1) | |
|
Net Income – Excluding Items |
$1,126 |
$1,225 |
$2,508 |
$2,464 | |
|
Average Shares Outstanding – (in millions) |
1,003 |
968 |
998 |
940 | |
|
Basic Earnings Per Share – Excluding Items |
$1.12 |
$1.27 |
$2.51 |
$2.62 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers year-over-year for the third quarter 2017 were positively influenced by retail revenue effects at Southern Company's traditional electric operating companies and were negatively influenced by mild weather, timing for Southern Power tax credits, increased interest expense and share issuances.
"Our premier, state-regulated electric and gas franchise operations and our competitive generation subsidiary, Southern Power, continued to perform at a high level in the third quarter of 2017, delivering on our commitment to provide clean, safe, reliable and affordable energy to customers," said Chairman, President and CEO Thomas A. Fanning. "This longstanding customer focus, as further manifested by the resiliency demonstrated in our hurricane restoration efforts during the past quarter, is the cornerstone for delivering on our long-term financial objectives as we continue to build America's energy future."
Third quarter 2017 operating revenues were $6.20 billion, compared with $6.26 billion for the third quarter of 2016, a decrease of 1.0 percent. This decrease in quarter-over-quarter revenues is primarily due to the effects of milder weather and electricity outages experienced during Hurricane Irma. For the nine months ended September 30, 2017, operating revenues were $17.4 billion, compared with $14.7 billion during the same period of 2016, an increase of 18.3 percent. Southern Company Gas accounted for $2.3 billion of the increase in operating revenues for the nine months ended September 30, 2017.
Southern Company's third quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
|
Southern Company | ||||||||||||||||
|
Financial Highlights | ||||||||||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
|
Three Months Ended |
Year-to-Date September | |||||||||||||||
|
Net Income–As Reported (See Notes) |
2017 |
2016 |
2017 |
2016 | ||||||||||||
|
Traditional Electric Operating Companies |
$ |
1,008 |
$ |
1,022 |
$ |
— |
$ |
2,086 |
||||||||
|
Southern Power |
124 |
176 |
276 |
315 |
||||||||||||
|
Southern Company Gas1 |
15 |
4 |
303 |
4 |
||||||||||||
|
Total |
1,147 |
1,202 |
579 |
2,405 |
||||||||||||
|
Parent Company and Other |
(78) |
(63) |
(232) |
(154) |
||||||||||||
|
Net Income–As Reported |
$ |
1,069 |
$ |
1,139 |
$ |
347 |
$ |
2,251 |
||||||||
|
Basic Earnings Per Share2 |
$ |
1.07 |
$ |
1.18 |
$ |
0.35 |
$ |
2.40 |
||||||||
|
Average Shares Outstanding (in millions) |
1,003 |
968 |
998 |
940 |
||||||||||||
|
End of Period Shares Outstanding (in millions) |
1,004 |
980 |
||||||||||||||
|
Non-GAAP Financial Measures |
Three Months Ended |
Year-to-Date | ||||||||||||||
|
Net Income–Excluding Items (See Notes) |
2017 |
2016 |
2017 |
2016 | ||||||||||||
|
Net Income–As Reported |
$ |
1,069 |
$ |
1,139 |
$ |
347 |
$ |
2,251 |
||||||||
|
Estimated Loss on Kemper IGCC3 |
34 |
88 |
3,155 |
222 |
||||||||||||
|
Tax Impact |
(13) |
(34) |
(951) |
(85) |
||||||||||||
|
Loss on Plant Scherer Unit 34 |
— |
— |
33 |
— |
||||||||||||
|
Tax Impact |
— |
— |
(13) |
— |
||||||||||||
|
Acquisition and Integration Costs5 |
6 |
43 |
19 |
107 |
||||||||||||
|
Tax Impact |
7 |
(14) |
2 |
(34) |
||||||||||||
|
Wholesale Gas Services6 |
38 |
18 |
(48) |
18 |
||||||||||||
|
Tax Impact |
(15) |
(7) |
20 |
(7) |
||||||||||||
|
Earnings Guidance Comparability Item: |
||||||||||||||||
|
Equity Return Related to Kemper IGCC Schedule Extension7 |
— |
(7) |
(47) |
(7) |
||||||||||||
|
Tax Impact |
— |
(1) |
(9) |
(1) |
||||||||||||
|
Net Income–Excluding Items |
$ |
1,126 |
$ |
1,225 |
$ |
2,508 |
$ |
2,464 |
||||||||
|
Basic Earnings Per Share–Excluding Items |
$ |
1.12 |
$ |
1.27 |
$ |
2.51 |
$ |
2.62 |
||||||||
|
-See Notes on the following page. | ||||||||||||||||
|
Southern Company | ||||||||
|
Financial Highlights | ||||||||
|
Notes |
||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $9 million and $25 million for the three and nine months ended September 30, 2016, respectively. | ||||||||
|
- For comparative purposes, Net Income - Excluding Items and Basic Earnings Per Share - Excluding Items in prior year periods do not reflect any adjustments to exclude (1) Southern Company Gas earnings, net of acquisition and integration costs and Wholesale Gas Services ($0.04 per share for the three and nine months ended September 30, 2016), (2) acquisition debt financing costs related to the acquisition of Southern Company Gas ($0.05 and $0.07 per share for the three and nine months ended September 30, 2016, respectively), and (3) the impact of additional shares of common stock issued to finance a portion of the purchase price for the 50% interest in Southern Natural Gas Company, L.L.C. (SNG) ($0.02 and $0.01 per share for the three and nine months ended September 30, 2016, respectively). These items were not contemplated in Southern Company's February 2016 guidance and, therefore, were previously excluded in the periods through December 31, 2016.
| ||||||||
|
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | ||||||||
|
(2) For the three and nine months ended September 30, 2017 and 2016, dilution does not change basic earnings per share by more than 2 cents and is not material. | ||||||||
|
(3) Earnings for the three and nine months ended September 30, 2017 and 2016 include the estimated losses relating to Mississippi Power Company's integrated coal gasification combined cycle facility construction project in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Further charges of uncertain amounts may occur in future periods in connection with the resolution of the Mississippi Public Service Commission's Kemper Settlement Docket. | ||||||||
|
(4) Earnings for the nine months ended September 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of the retail rate case settlement approved by the Florida Public Service Commission on April 4, 2017. Further charges are not expected to occur. | ||||||||
|
(5) Earnings for the three and nine months ended September 30, 2017 and 2016 include costs related to the acquisition and integration of Southern Company Gas. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | ||||||||
|
(6) Earnings for the three and nine months ended September 30, 2017 and 2016 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
|
(7) Earnings for the nine months ended September 30, 2017 and the three and nine months ended September 30, 2016 include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. AFUDC equity ceased in connection with the project's suspension in June 2017. Southern Company's 2017 earnings guidance, initially presented in October 2016, assumed construction would be complete and AFUDC equity would cease by November 30, 2016. Southern Company's 2016 earnings guidance, initially presented in February 2016, assumed construction would be complete and AFUDC equity would cease by August 31, 2016. As a result, Southern Company believes presentation of earnings per share excluding AFUDC equity subsequent to August 31, 2016 provides investors with information comparable to guidance. Management also uses such measures to evaluate Southern Company's performance. | ||||||||
|
Southern Company | ||||||||||||||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||||||||||
|
2017 |
2016 |
Change |
2017 |
2016 |
Change | |||||||||||||||||||
|
Earnings Per Share– |
||||||||||||||||||||||||
|
As Reported1 (See Notes) |
$ |
1.07 |
$ |
1.18 |
$ |
(0.11) |
$ |
0.35 |
$ |
2.40 |
$ |
(2.05) |
||||||||||||
|
Significant Factors: |
||||||||||||||||||||||||
|
Traditional Electric Operating Companies |
$ |
(0.01) |
$ |
(2.22) |
||||||||||||||||||||
|
Southern Power |
(0.05) |
(0.04) |
||||||||||||||||||||||
|
Southern Company Gas2 |
0.01 |
0.32 |
||||||||||||||||||||||
|
Parent Company and Other |
(0.02) |
(0.09) |
||||||||||||||||||||||
|
Increase in Shares |
(0.04) |
(0.02) |
||||||||||||||||||||||
|
Total–As Reported |
$ |
(0.11) |
$ |
(2.05) |
||||||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||||||||||
|
Non-GAAP Financial Measures |
2017 |
2016 |
Change |
2017 |
2016 |
Change | ||||||||||||||||||
|
Earnings Per Share– |
||||||||||||||||||||||||
|
Excluding Items (See Notes) |
$ |
1.12 |
$ |
1.27 |
$ |
(0.15) |
$ |
2.51 |
$ |
2.62 |
$ |
(0.11) |
||||||||||||
|
Total–As Reported |
$ |
(0.11) |
$ |
(2.05) |
||||||||||||||||||||
|
Kemper IGCC Impacts3 |
(0.03) |
2.02 |
||||||||||||||||||||||
|
Loss on Plant Scherer Unit 34 |
— |
0.02 |
||||||||||||||||||||||
|
Acquisition and Integration Costs5 |
(0.02) |
(0.06) |
||||||||||||||||||||||
|
Wholesale Gas Services6 |
0.01 |
(0.04) |
||||||||||||||||||||||
|
Total–Excluding Items |
$ |
(0.15) |
$ |
(0.11) |
||||||||||||||||||||
|
- See Notes on the following page. | ||||||||||||||||||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Notes |
||||||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $9 million and $25 million for the three and nine months ended September 30, 2016, respectively. | ||||||||||||
|
- For comparative purposes, Net Income - Excluding Items and Basic Earnings Per Share - Excluding Items in prior year periods do not reflect any adjustments to exclude (1) Southern Company Gas earnings, net of acquisition and integration costs and Wholesale Gas Services ($0.04 per share for the three and nine months ended September 30, 2016), (2) acquisition debt financing costs related to the acquisition of Southern Company Gas ($0.05 and $0.07 per share for the three and nine months ended September 30, 2016, respectively), and (3) the impact of additional shares of common stock issued to finance a portion of the purchase price for the 50% interest in Southern Natural Gas Company, L.L.C. (SNG) ($0.02 and $0.01 per share for the three and nine months ended September 30, 2016, respectively). These items were not contemplated in Southern Company's February 2016 guidance and, therefore, were previously excluded in the periods through December 31, 2016. | ||||||||||||
|
(1) For the three and nine months ended September 30, 2017 and 2016, dilution does not change basic earnings per share by more than 2 cents and is not material. | ||||||||||||
|
(2) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | ||||||||||||
|
(3) Earnings for the three and nine months ended September 30, 2017 and 2016 include the estimated losses relating to Mississippi Power Company's integrated coal gasification combined cycle facility construction project in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Further charges of uncertain amounts may occur in future periods in connection with the resolution of the Mississippi Public Service Commission's Kemper Settlement Docket. | ||||||||||||
|
(4) Earnings for the nine months ended September 30, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of the retail rate case settlement approved by the Florida Public Service Commission on April 4, 2017. Further charges are not expected to occur. | ||||||||||||
|
(5) Earnings for the three and nine months ended September 30, 2017 and 2016 include costs related to the acquisition and integration of Southern Company Gas. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | ||||||||||||
|
(6) Earnings for the three and nine months ended September 30, 2017 and 2016 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended September 2017 vs. September 2016 | |
|
Cents |
Description |
|
(4)¢ |
Retail Sales |
|
9¢ |
Retail Revenue Impacts |
|
(10)¢ |
Weather |
|
(1)¢ |
Wholesale Operations |
|
4¢ |
Non-Fuel O&M |
|
(1)¢ |
Depreciation and Amortization |
|
1¢ |
Taxes Other Than Income Taxes |
|
(2)¢ |
Other Income and Deductions |
|
1¢ |
Interest Expense |
|
(1)¢ |
Income Taxes |
|
(4)¢ |
Total Traditional Electric Operating Companies |
|
(5)¢ |
Southern Power |
|
1¢ |
Southern Company Gas1 |
|
(3)¢ |
Parent and Other |
|
(4)¢ |
Increase in Shares |
|
(15)¢ |
Total Change in QTD EPS (Excluding Items) |
|
3¢ |
Kemper IGCC Impacts2 |
|
2¢ |
Acquisition and Integration Costs3 |
|
(1)¢ |
Wholesale Gas Services4 |
|
(11)¢ |
Total Change in QTD EPS (As Reported) |
|
- See Notes on the following page. | |
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended September 2017 vs. September 2016 | |
|
Notes | |
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $9 million for the three months ended September 30, 2016. | |
|
- For comparative purposes, Net Income - Excluding Items and Basic Earnings Per Share - Excluding Items in prior year periods do not reflect any adjustments to exclude (1) Southern Company Gas earnings, net of acquisition and integration costs and Wholesale Gas Services ($0.04 per share for the three months ended September 30, 2016), (2) acquisition debt financing costs related to the acquisition of Southern Company Gas ($0.05 per share for the three months ended September 30, 2016), and (3) the impact of additional shares of common stock issued to finance a portion of the purchase price for the 50% interest in Southern Natural Gas Company, L.L.C. (SNG) ($0.02 per share for the three months ended September 30, 2016). These items were not contemplated in Southern Company's February 2016 guidance and, therefore, were previously excluded in the periods through December 31, 2016. | |
|
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | |
|
(2) Earnings for the three months ended September 30, 2017 and 2016 include the estimated losses relating to Mississippi Power Company's integrated coal gasification combined cycle facility construction project in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Further charges of uncertain amounts may occur in future periods in connection with the resolution of the Mississippi Public Service Commission's Kemper Settlement Docket. | |
|
(3) Earnings for the three months ended September 30, 2017 and 2016 include costs related to the acquisition and integration of Southern Company Gas. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | |
|
(4) Earnings for the three months ended September 30, 2017 and 2016 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |
|
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||
|
As Reported | |||||||||||||||||||||||||||||||||||||||||||||||||
|
(In Millions of Dollars) | |||||||||||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended |
Year-to-Date September | ||||||||||||||||||||||||||||||||||||||||||||||||
|
2017 |
2016 |
Change |
2017 |
2016 |
Change | ||||||||||||||||||||||||||||||||||||||||||||
|
Income Account- |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Retail Electric Revenues- |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Fuel |
$ |
1,185 |
$ |
1,296 |
$ |
(111) |
$ |
3,130 |
$ |
3,169 |
$ |
(39) |
|||||||||||||||||||||||||||||||||||||
|
Non-Fuel |
3,430 |
3,512 |
(82) |
8,656 |
8,763 |
(107) |
|||||||||||||||||||||||||||||||||||||||||||
|
Wholesale Electric Revenues |
718 |
613 |
105 |
1,867 |
1,455 |
412 |
|||||||||||||||||||||||||||||||||||||||||||
|
Other Electric Revenues |
168 |
181 |
(13) |
510 |
529 |
(19) |
|||||||||||||||||||||||||||||||||||||||||||
|
Natural Gas Revenues |
532 |
518 |
14 |
2,746 |
518 |
2,228 |
|||||||||||||||||||||||||||||||||||||||||||
|
Other Revenues |
168 |
144 |
24 |
494 |
281 |
213 |
|||||||||||||||||||||||||||||||||||||||||||
|
Total Revenues |
6,201 |
6,264 |
(63) |
17,403 |
14,715 |
2,688 |
|||||||||||||||||||||||||||||||||||||||||||
|
Fuel and Purchased Power |
1,541 |
1,627 |
(86) |
4,018 |
3,915 |
103 |
|||||||||||||||||||||||||||||||||||||||||||
|
Cost of Natural Gas |
134 |
133 |
1 |
1,085 |
133 |
952 |
|||||||||||||||||||||||||||||||||||||||||||
|
Cost of Other Sales |
90 |
84 |
6 |
293 |
161 |
132 |
|||||||||||||||||||||||||||||||||||||||||||
|
Non-Fuel O & M |
1,287 |
1,411 |
(124) |
3,918 |
3,616 |
302 |
|||||||||||||||||||||||||||||||||||||||||||
|
Depreciation and Amortization |
767 |
695 |
72 |
2,236 |
1,805 |
431 |
|||||||||||||||||||||||||||||||||||||||||||
|
Taxes Other Than Income Taxes |
303 |
309 |
(6) |
941 |
821 |
120 |
|||||||||||||||||||||||||||||||||||||||||||
|
Estimated Loss on Kemper IGCC |
34 |
88 |
(54) |
3,155 |
222 |
2,933 |
|||||||||||||||||||||||||||||||||||||||||||
|
Total Operating Expenses |
4,156 |
4,347 |
(191) |
15,646 |
10,673 |
4,973 |
|||||||||||||||||||||||||||||||||||||||||||
|
Operating Income |
2,045 |
1,917 |
128 |
1,757 |
4,042 |
(2,285) |
|||||||||||||||||||||||||||||||||||||||||||
|
Allowance for Equity Funds Used During Construction |
18 |
52 |
(34) |
133 |
150 |
(17) |
|||||||||||||||||||||||||||||||||||||||||||
|
Earnings from Equity Method Investments |
32 |
29 |
3 |
100 |
28 |
72 |
|||||||||||||||||||||||||||||||||||||||||||
|
Interest Expense, Net of Amounts Capitalized |
407 |
374 |
33 |
1,248 |
913 |
335 |
|||||||||||||||||||||||||||||||||||||||||||
|
Other Income (Expense), net |
11 |
(8) |
19 |
2 |
(66) |
68 |
|||||||||||||||||||||||||||||||||||||||||||
|
Income Taxes |
590 |
439 |
151 |
317 |
917 |
(600) |
|||||||||||||||||||||||||||||||||||||||||||
|
Net Income |
1,109 |
1,177 |
(68) |
427 |
2,324 |
(1,897) |
|||||||||||||||||||||||||||||||||||||||||||
|
Less: |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividends on Preferred and Preference |
10 |
11 |
(1) |
32 |
34 |
(2) |
|||||||||||||||||||||||||||||||||||||||||||
|
Net Income Attributable to Noncontrolling |
30 |
27 |
3 |
48 |
39 |
9 |
|||||||||||||||||||||||||||||||||||||||||||
|
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY |
$ |
1,069 |
$ |
1,139 |
$ |
(70) |
$ |
347 |
$ |
2,251 |
$ |
(1,904) |
|||||||||||||||||||||||||||||||||||||
|
Notes |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||||||||||||||||||||||||||||||||||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $9 million and $25 million for the three and nine months ended September 30, 2016, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||
|
Southern Company |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Kilowatt-Hour Sales and Customers |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
(In Millions of KWHs) |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended September |
Year-to-Date September |
||||||||||||||||||||||||||||||||||||||||||||||||
|
As Reported |
2017 |
2016 |
Change |
Weather |
2017 |
2016 |
Change |
Weather |
|||||||||||||||||||||||||||||||||||||||||
|
Kilowatt-Hour Sales- |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Total Sales |
58,276 |
58,648 |
(0.6) |
% |
155,626 |
152,625 |
2.0 |
% |
|||||||||||||||||||||||||||||||||||||||||
|
Total Retail Sales- |
44,449 |
47,071 |
(5.6) |
% |
(1.3) |
% |
118,802 |
124,535 |
(4.6) |
% |
(1.0) |
% |
|||||||||||||||||||||||||||||||||||||
|
Residential |
15,499 |
17,213 |
(10.0) |
% |
(2.0) |
% |
38,502 |
42,257 |
(8.9) |
% |
(0.6) |
% |
|||||||||||||||||||||||||||||||||||||
|
Commercial |
14,969 |
15,805 |
(5.3) |
% |
(1.4) |
% |
40,007 |
41,509 |
(3.6) |
% |
(1.1) |
% |
|||||||||||||||||||||||||||||||||||||
|
Industrial |
13,770 |
13,833 |
(0.5) |
% |
(0.5) |
% |
39,656 |
40,102 |
(1.1) |
% |
(1.1) |
% |
|||||||||||||||||||||||||||||||||||||
|
Other |
211 |
220 |
(4.1) |
% |
(3.8) |
% |
637 |
667 |
(4.4) |
% |
(4.2) |
% |
|||||||||||||||||||||||||||||||||||||
|
Total Wholesale Sales |
13,827 |
11,577 |
19.4 |
% |
N/A |
36,824 |
28,090 |
31.1 |
% |
N/A |
|||||||||||||||||||||||||||||||||||||||
|
(In Thousands of Customers) |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Period Ended September |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
2017 |
2016 |
Change |
|||||||||||||||||||||||||||||||||||||||||||||||
|
Regulated Utility Customers- |
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Total Utility Customers- |
9,187 |
9,106 |
0.9 |
% |
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Traditional Electric |
4,632 |
4,584 |
1.0 |
% |
|||||||||||||||||||||||||||||||||||||||||||||
|
Southern Company Gas |
4,555 |
4,522 |
0.7 |
% |
|||||||||||||||||||||||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||
|
Financial Overview | ||||||||||||||||||||||
|
As Reported | ||||||||||||||||||||||
|
(In Millions of Dollars) | ||||||||||||||||||||||
|
Three Months Ended September |
Year-to-Date September | |||||||||||||||||||||
|
2017 |
2016 |
% Change |
2017 |
2016 |
% Change | |||||||||||||||||
|
Southern Company – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
6,201 |
$ |
6,264 |
(1.0) |
% |
$ |
17,403 |
$ |
14,715 |
18.3 |
% | ||||||||||
|
Earnings Before Income Taxes |
1,699 |
1,616 |
5.1 |
% |
744 |
3,241 |
(77.0) |
% | ||||||||||||||
|
Net Income Available to Common |
1,069 |
1,139 |
(6.1) |
% |
347 |
2,251 |
(84.6) |
% | ||||||||||||||
|
Alabama Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
1,740 |
$ |
1,785 |
(2.5) |
% |
$ |
4,606 |
$ |
4,561 |
1.0 |
% | ||||||||||
|
Earnings Before Income Taxes |
546 |
575 |
(5.0) |
% |
1,236 |
1,196 |
3.3 |
% | ||||||||||||||
|
Net Income Available to Common |
325 |
352 |
(7.7) |
% |
729 |
721 |
1.1 |
% | ||||||||||||||
|
Georgia Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
2,546 |
$ |
2,698 |
(5.6) |
% |
$ |
6,426 |
$ |
6,621 |
(2.9) |
% | ||||||||||
|
Earnings Before Income Taxes |
934 |
967 |
(3.4) |
% |
1,906 |
1,964 |
(3.0) |
% | ||||||||||||||
|
Net Income Available to Common |
580 |
600 |
(3.3) |
% |
1,188 |
1,217 |
(2.4) |
% | ||||||||||||||
|
Gulf Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
437 |
$ |
436 |
0.2 |
% |
$ |
1,144 |
$ |
1,136 |
0.7 |
% | ||||||||||
|
Earnings Before Income Taxes |
103 |
77 |
33.8 |
% |
199 |
189 |
5.3 |
% | ||||||||||||||
|
Net Income Available to Common |
63 |
45 |
40.0 |
% |
117 |
108 |
8.3 |
% | ||||||||||||||
|
Mississippi Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
341 |
$ |
352 |
(3.1) |
% |
$ |
915 |
$ |
885 |
3.4 |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
64 |
24 |
166.7 |
% |
(2,918) |
11 |
N/M |
|||||||||||||||
|
Net Income (Loss) Available to Common |
40 |
26 |
53.8 |
% |
(2,034) |
39 |
N/M |
|||||||||||||||
|
Southern Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
618 |
$ |
500 |
23.6 |
% |
$ |
1,597 |
$ |
1,189 |
34.3 |
% | ||||||||||
|
Earnings Before Income Taxes |
115 |
101 |
13.9 |
% |
195 |
187 |
4.3 |
% | ||||||||||||||
|
Net Income Available to Common |
124 |
176 |
(29.5) |
% |
276 |
315 |
(12.4) |
% | ||||||||||||||
|
Southern Company Gas1 – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
565 |
$ |
543 |
4.1 |
% |
$ |
2,841 |
$ |
543 |
N/M |
|||||||||||
|
Earnings Before Income Taxes |
67 |
11 |
N/M |
536 |
11 |
N/M |
||||||||||||||||
|
Net Income Available to Common |
15 |
4 |
N/M |
303 |
4 |
N/M |
||||||||||||||||
|
N/M - not meaningful |
||||||||||||||||||||||
|
Notes |
||||||||||||||||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $9 million and $25 million for the three and nine months ended September 30, 2016, respectively. | ||||||||||||||||||||||
|
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | ||||||||||||||||||||||
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-reports-third-quarter-2017-earnings-300547136.html
SOURCE Southern Company
Article Date
11/1/2017Georgia Power named top utility for economic development by Site Selection magazine
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 31, 2017 /PRNewswire/ -- Georgia Power has once again been named to Site Selection magazine's Top Utilities in North America for Economic Development list. The company has been named to the list consistently for nearly two decades and more times than any other utility. Georgia Power was named to the list this year in recognition of the company's strong partnership with the state of Georgia in economic development resulting in an estimated $2.9 billion in projects and more than 20,000 associated jobs for Georgia.
"We would like to thank Site Selection for recognizing the role that utilities throughout the country play in local and state economic development," said Anne Kaiser, vice president of community and economic development for Georgia Power. "Keeping the state of Georgia competitive as a top destination for national and international business is the result not only of our commitment to make our communities stronger, but also our collaboration with the state of Georgia and many other organizations every day."
Site Selection analyzed a variety of factors for this year's list including corporate end-user project activity and submitted materials from utilities; website tools and data; innovative programs and incentives for business, including energy efficiency and renewable energy programs; and the utility's own job-creating infrastructure and facility investment trends. The list is featured in the September issue of Site Selection, available at www.siteselection.com.
Georgia Power has been cultivating economic vitality in Georgia for 90 years. Georgia Power Community & Economic Development is internationally recognized as one of the top economic development organizations in the world, helping to create or retain an estimated 134,000 jobs in Georgia over the past decade alone.
To learn more about Georgia Power's commitment to make Georgia a better place to live and work through robust economic development initiatives, visit www.GeorgiaPower.com/Growth. Businesses and organizations seeking to expand or relocate to Georgia are invited to access a variety of information, tools and resources at www.SelectGeorgia.com.
Note: Issue the 2017 economic development ad with the press release: https://www.youtube.com/watch?v=0nrEbAxJojU
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-named-top-utility-for-economic-development-by-site-selection-magazine-300546469.html
SOURCE Georgia Power
Article Date
10/31/2017New products now available on Georgia Power Marketplace
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 26, 2017 /PRNewswire/ -- This fall, Georgia Power encourages customers to consider ways to make their homes more energy efficient and connected by shopping a wide selection of smart-home products on Georgia Power Marketplace. The Marketplace brings the most popular products to a single convenient online portal and simplifies the rebate process for Georgia Power customers.
New products now available on Georgia Power Marketplace include:
Making the right technology and energy choices is easy on Georgia Power Marketplace with live chat and customer support for online shoppers, as well as buyers' guides for a variety of products that can help customers determine which one is right for them. Free shipping is also available for orders over $49. Customers can visit Georgia Power Marketplace to shop these products and check back often for new products.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step- by-step instructions for the do-it-yourselfer energy savers are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/new-products-now-available-on-georgia-power-marketplace-300544541.html
SOURCE Georgia Power
Article Date
10/26/2017Save money and energy even during fluctuating fall temperatures
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 24, 2017 /PRNewswire/ -- With the cool fluctuation of fall temperatures here, Georgia Power reminds customers that small changes can deliver big energy savings.
Fall energy-saving tips from Georgia Power include:
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. The company also offers customers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/save-money-and-energy-even-during-fluctuating-fall-temperatures-300542379.html
SOURCE Georgia Power
Article Date
10/24/201710/24/2017 - Southern Company Pledges $100K in Battle Against Fungus Threatening Vital Bat Populations
Southern Company Pledges $100K in Battle Against Fungus Threatening Vital Bat Populations
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 24, 2017 /PRNewswire/ -- Southern Company and its subsidiaries are contributing $100,000 to the Bats for the Future Fund (BFF), a new stewardship program aimed at finding a cure for a fungus that could leave some North American bat species on the brink of extinction.
The Fund is the latest partnership between Southern Company and the National Fish and Wildlife Foundation (NFWF) and others to protect and preserve wildlife in the areas we serve. White-nose syndrome (WNS) has been blamed for the deaths of more than six million bats over the past decade. The fungus attacks hibernating bats and, in some areas of the U.S., has wiped out nearly the entire bat population.
The program, which will receive a total of $1.36 million in grants, will fund the testing of a variety of treatments. Those treatments include a vaccine, a probiotic "cocktail," anti-fungal disinfectants and ultraviolet light treatments.
Bats are key players in the delicate North American ecosystem, devouring pests that can destroy crops like corn. Some studies estimate bats save the U.S. corn industry some $1 billion a year and $3 billion a year for the entire agriculture industry.
"Southern Company and its subsidiaries have a long history of involvement in environmental and conservation partnerships that benefit imperiled and at-risk species and the habitats they depend on," said Jeff Burleson, Southern Company environmental and system planning vice president.
"These projects will aid efforts to ensure bats carry out their important role in the ecosystem for generations through broad applications where bats are affected by white-nose syndrome."
The Bats for the Future Fund is a public-private partnership involving Southern Company, NFWF, the U.S. Fish and Wildlife Service, the U.S. Forest Service and Shell Oil Company. Initial investments to the fund from all contributors total $1.36 million.
Six BFF research grants were awarded to the following organizations:
Western Michigan University – Field Application of Chitosan to Improve Survival and Halt Progression of WNS at the Disease Front
Chitosan is a powerful biocidal agent that kills the fungal agent causing WNS without affecting the growth of native cave fungi at applied concentrations. Treatment of bats with chitosan decreases pathology associated with the disease and increases bat survival.
U.S. Forest Service – Ultra-violet Light as a Treatment for WNS of Bats
Laboratory-based survival testing of UV light as a cost-effective control strategy for increasing survival of WNS-affected bats to determine whether larger scale field trials and development of UV delivery equipment are warranted. The fungal agent that causes WNS is extremely sensitive to DNA-damaging agents such as UV light, so it can selectively kill the fungus on bats while minimizing impacts to normal skin microbes found on bats.
Texas Tech University – Manipulating Microclimates to Reduce WNS Severity
Researchers will investigate the feasibility of microclimate manipulation as a strategy for reducing disease severity in bats affected by WNS through a captive hibernation approach. Environmental conditions affect both bats and fungus; manipulating such conditions in hibernacula may minimize disease severity and increase survival. Results of the research will provide critical insight into the most effective microclimate manipulation targets and how both bats and fungus will respond to these manipulations.
Thompson Rivers University – Developing a Prophylactic Probiotic Approach to Reduce WNS Severity
Researchers will develop a probiotic prophylaxis for the prevention of WNS to delay or prevent the growth of the fungus that causes WNS for a critical portion of the winter. With this boost, the treatment may enable bats to successfully survive hibernation and establish a new method to reduce WNS mortality.
Lock Haven University of Pennsylvania – Determining the Effectiveness of PEG8000 to Inhibit Growth of the Fungus Causing WNS in Bat Hibernacula
Field test the effectiveness of treating caves with Polyethylene Glycol 8000 (PEG) to inhibit the growth of the fungal agent that causes WNS. PEG is an osmoticum and induces matric stress. The project also will test the non-target effects of PEG on the microbial community during environmental application at bat hibernation sites.
U.S. Geologic Survey, National Wildlife Health Center – Develop and Test Vaccine Candidates Against WNS in Bats
Further develop and evaluate several vaccine candidates that show promise in reducing bat morbidity and mortality from WNS. Test methods for delivering vaccines to bats in both field and laboratory settings.
To learn more about the Bats for the Future Fund or to download the 2017 Bats for the Future Fund Grant Slate, visit www.nfwf.org/bats.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-pledges-100k-in-battle-against-fungus-threatening-vital-bat-populations-300542343.html
SOURCE Southern Company
Article Date
10/24/2017Georgia Power names Kevin Kastner vice president of customer services
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 23, 2017 /PRNewswire/ -- Georgia Power's Board of Directors has named Kevin Kastner vice president of customer services. In his new role, Kastner will be responsible for enhancing and improving Georgia Power's customer experience across all channels and will oversee functions including the Customer Care Center, Advanced Metering Infrastructure, Billing and Collections, Field Operations and Customer Analytics, among others.
"Kevin will be a tremendous asset to our leadership team, bringing a wealth of customer analytics and strategic marketing experience to help further the value we bring to our customers," said Pedro Cherry, executive vice president of customer service and operations for Georgia Power. "As we continue to evolve our business to meet the changing needs of our customers, Kevin's expertise in customer service will be key to our success."
Kastner began his Southern Company career in 2003 and has held roles across multiple customer-focused organizations including Customer Analytics, Strategic Marketing, E-Business, Customer Service and Technology. During his tenure with the company, Kastner's teams have been responsible for the company's Online Customer Care Website, Social Media Center and for launching chat as a new customer service channel.
In his most recent position as Director of Application Development, Kastner was responsible for the company's technology strategy, support and operations for Customer Service and Marketing for Southern Company's electric utility companies serving more than 4.6 million customers.
Prior to joining Southern Company and Georgia Power, Kastner worked in R&D, Product Development, and Process Engineering for Kimberly-Clark, and in Mechanical Engineering and Product Development for CIBA-Vision. He holds an MBA of marketing strategy and decision sciences from Emory's Goizueta School of Business and a bachelor's degree in mechanical engineering and minor in industrial psychology from the Georgia Institute of Technology.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-names-kevin-kastner-vice-president-of-customer-services-300541223.html
SOURCE Georgia Power
Article Date
10/23/201710/20/2017 - Southern Company subsidiary PowerSecure signs contract to help restore Puerto Rico electric grid
Southern Company subsidiary PowerSecure signs contract to help restore Puerto Rico electric grid
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 20, 2017 /PRNewswire/ -- PowerSecure, a subsidiary of Southern Company, has been awarded a contract by the U.S. Army Corps of Engineers (USACE) for additional support to repair the power grid in Puerto Rico.
Personnel from PowerSecure will begin arriving in Puerto Rico today.
"PowerSecure has a proven track record of success with restoration efforts following major storms," said Mark Lantrip, chairman, president & CEO of Southern Company Services. "Beginning today, PowerSecure personnel will be on the ground in support of the U.S. Army Corps of Engineers to help restore power to Puerto Rico."
"The U.S. Army Corps of Engineers continues to take all necessary steps to support FEMA's response in Puerto Rico following Hurricanes Irma and Maria," said Brig. Gen. Diana Holland, South Atlantic Division commander. "We are one hundred percent committed, along with our partners, to restoring electricity to the citizens of the Island."
PowerSecure will supplement efforts taking place by more than 400 crews to repair the distribution and transmission lines. The crews include members of Delta Company, 249th Engineer Battalion (Prime Power) along with Puerto Rico Electric Power Authority's employees and contractors.
Repairing the power grid is a process that includes four main efforts: provide temporary emergency power and spot generation for critical facilities; ensure adequate generation at power plants; reinstall and repair transmission lines; and restore and repair distribution lines.
USACE is continuing its partnership with the Puerto Rico Electric Power Authority, the Department of Energy and FEMA on this important endeavor.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-subsidiary-powersecure-signs-contract-to-help-restore-puerto-rico-electric-grid-300540567.html
SOURCE Southern Company
Article Date
10/20/201710/19/2017 - Georgia Power introduces new Community Solar program
Georgia Power introduces new Community Solar program
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 19, 2017 /PRNewswire/ -- Georgia Power introduces Community Solar, the newest way for residential customers to help support the growth and development of renewable energy in Georgia. Through the new program, now open for pre-enrollment at GeorgiaPower.com/CommunitySolar, residential customers can subscribe to receive a bill credit based on actual production at a solar facility. This new program was designed in coordination with and approved by the Georgia Public Service Commission.
Launching in January 2018, Community Solar is ideal for residential customers who want to support solar, especially those who are unable to install a photovoltaic (PV) system at their homes, including renters and condominium owners, or homeowners with shaded roof space or restrictive covenants. The program will be supported by 3 megawatts (MW) of new Georgia Power solar facilities including a 2 MW facility currently under construction near Athens, Georgia.
"The Community Solar initiative is the latest addition to a wide variety of Georgia Power programs available that make it possible for more customers to support the growth of solar energy," said Wilson Mallard, director of renewable development at Georgia Power. "Georgia is a national solar leader because of efforts like Community Solar that benefit all customers and diversify our fuel mix, while also driving the expansion of renewable energy resources in the state."
Participation in the program will cost $24.99 per 1 kilowatt (kW) block per month in exchange for a monthly credit based on a solar facility's production. Customers are limited to their estimated monthly energy usage and a maximum of 10 1-kW blocks, with a total of 3,000 blocks available for subscription. The monthly credit may only be used to offset a portion of the customer's electric consumption from Georgia Power for that month and has no cash value. The solar production of a 1 kW subscription block will vary due to season, number of cloudy days and other factors, but is estimated to be in the range of 130 – 240 kilowatt-hours per month.
Georgia Power's robust renewable development strategy includes innovative customer programs such as Simple Solar, as well as large-scale initiatives such as the Advanced Solar Initiative (ASI) and the Renewable Energy Development Initiative (REDI). The company continues to have the largest voluntary renewable portfolio in the country and now has approximately 900 MW* of solar capacity in operation, with accelerating growth year over year since 2013. Through continued expansion of solar at Georgia military bases, implementation of the new REDI, as well as other solar projects and programs, the company expects to add up to 1,600 MW* of additional renewable capacity by 2021.
For additional information about the new Community Solar program and to pre-enroll, visit the website at www.GeorgiaPower.com/CommunitySolar. Interested and eligible Georgia Power customers who submit a pre-enrollment application will be notified in December 2017 of program acceptance based on a first-come, first served basis, prior to their first Community Solar billing.
* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-introduces-new-community-solar-program-300539892.html
SOURCE Georgia Power
Article Date
10/19/2017Georgia Natural Gas® is Awarded First-ever Spirit of Volunteerism Award from the Corporate Volunteer Council of Atlanta
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
ATLANTA, Oct. 18, 2017 /PRNewswire/ -- The results were counted and Georgia Natural Gas® (GNG) was recently announced as the winner of the very first Spirit of Volunteerism Award -- presented by the Corporate Volunteer Council (CVC) of Atlanta at their 20th Annual IMPACT Awards. The exciting event was held at the new Mercedes-Benz stadium in Atlanta, Georgia.
The CVC's IMPACT Awards recognize some of the most philanthropic and community service-oriented companies in Atlanta – from small businesses and firms to multinational, publicly traded companies. This special and unique award was developed by the CVC to acknowledge the company that best exemplifies long-term corporate commitment to volunteerism and community service. The award also celebrates the CVC's 25th anniversary.
A live audience comprised of over 400 of Atlanta's business and nonprofit leaders selected GNG through instant voting by smartphone at the awards luncheon – a first for the organization. A panel of qualified judges had previously selected the company as a finalist along with two other notable companies. There are over 100 member companies within the CVC and 15 nominees for the Spirit of Volunteerism Award.
"On behalf of the CVC, I'd like to congratulate Georgia Natural Gas on winning the Spirit of Volunteerism Award," said Cheryl Kortemeier, executive director of the CVC of Atlanta. "I've had the opportunity to work with many organizations and I've been impressed with GNG's long-term commitment to deserving nonprofits and the people of Georgia -- especially children and seniors. We would like to commend Georgia Natural Gas on its well-deserved honor, and we are eager to see how the company will lead through its volunteer spirit in the future."
Georgia Natural Gas is a leading natural gas marketer in Georgia. The company has distinguished its company and brand over the years through community service efforts with its TrueBlue Crew Employee Volunteer Program. For 15 years, the company's community relations department has directed corporate efforts toward supporting organizations within four key focus areas: Children and Education, Seniors, Energy Assistance and the Environment.
"We are honored that the judges and the audience selected GNG as the winner of this award," says Maurice Baker, manager, community relations for GNG. "It means even more that our peers and colleagues selected us for this honor considering that there were so many exceptional companies that were nominated for the award. We are grateful to our colleagues who volunteer, serve on nonprofit boards, and support the company's community initiatives and objectives."
About Georgia Natural Gas
Georgia Natural Gas is part of SouthStar Energy Services®. SouthStar is owned by Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). SouthStar also operates in Ohio as Ohio Natural GasSM, in Florida as Florida Natural Gas®, in Maryland as Maryland EnergySM, in Michigan as Grand Rapids Energy®, in New York as New York Natural GasSM, in New Jersey as New Jersey Energy®, and in other parts of the Southeast as SouthStar Energy Services. SouthStar's subsidiaries in Illinois operate as Nicor Advanced Energy® and Nicor Solutions®. For more information, visit: www.gng.com.
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SOURCE Georgia Natural Gas
Article Date
10/18/20174,000+ Georgia Power solar panels in place at new Mercedes-Benz Stadium
Source: PR Newswire
ATLANTA, Oct. 17, 2017 /PRNewswire/ -- As Mercedes-Benz Stadium opens for its inaugural season, more than 4,000 solar panels installed by Georgia Power across the campus will harness the power of the sun to produce renewable energy. As the official energy partner of the Atlanta Falcons and a founding partner of Mercedes-Benz Stadium, Georgia Power worked on the solar installations as part of the stadium's larger sustainability efforts. The solar installations are among the largest and most advanced integrated solar facilities at any American sports venue.
Georgia Power started work with Mercedes-Benz Stadium in 2014 to integrate efficiency and sustainability measures onto the campus. The solar project includes three separate phases that, combined, are expected to generate approximately 1.6 million kilowatt-hours of electricity in the first year of operation. Solar panels are installed atop the Georgia World Congress Center (GWCC) Silver Deck, a GWCC surface parking lot at the corner of Gray Street and Ivan Allen Jr. Blvd., and atop stadium entry gates and administrative/VIP parking.
"Georgia Power continues to be a leader in energy innovation, including expanding cost-effective solar generation across our portfolio, paired with forward-looking research and development efforts," said Wilson Mallard, Director of Renewable Development at Georgia Power. "As we build the future of energy, our partnership with Mercedes-Benz Stadium helps to educate and illustrate the growing role of solar as part of a diverse energy mix for millions of stadium guests every year."
Georgia Power worked with a variety of local companies and installers to complete the three phases of the project, which were developed over the course of three and a half years. Local solar installers Hannah Solar and Radiance Energy worked with Georgia Power and Mercedes-Benz Stadium on incorporating innovative technologies and installation solutions to maximize efficiency at each site. The solar installations feature a variety of technologies, including bifacial panels that can capture sunlight from above and reflected from below, clear-backed panels that are translucent, as well as a modular racking system developed through a partnership with Georgia Tech.
The Mercedes-Benz Stadium project and other Georgia Power solar programs that are making the state a solar leader were developed in coordination with and approved by the Georgia Public Service Commission (PSC). The stadium will use the Renewable Energy Credits (REC) produced by the solar installations in the project's pursuit of LEED Platinum certification, however the actual energy from the systems will flow back onto the grid and serve all Georgia Power customers. This approach is designed to allow the stadium to maintain superior levels of reliability, while also incorporating renewable energy into the campus.
"The renewable energy and solar program at Mercedes-Benz Stadium is a great example of our commitment to lead the sports industry in terms of sustainability and environmental responsibility," said Scott Jenkins, general manager of Mercedes-Benz Stadium. "Our goal is to collect enough renewable energy each year to power more than nine Atlanta Falcons home games and 13 Atlanta United home matches and with the solar program we have in place we feel confident we'll achieve this and more."
Georgia Power's robust renewable development strategy includes innovative customer programs, as well as large-scale initiatives such as the Advanced Solar Initiative and Renewable Energy Development Initiative (REDI) to bring more renewable energy to Georgia. The company continues to have the largest voluntary renewable portfolio in the country and now has approximately 900 megawatt (MW)* of solar capacity in operation, with accelerating growth year over year since 2013. Through implementation of the new REDI, approved by the Georgia PSC in 2016, as well as other solar projects and programs, the company expects to add up to 1,600 MW of additional renewable capacity by 2021.
To learn more about Georgia Power's solar programs, including Simple Solar as well as other solar tools and resources for customers, visit www.GeorgiaPower.com/Solar.
* REC Disclaimer: Every MW hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/4000-georgia-power-solar-panels-in-place-at-new-mercedes-benz-stadium-300538042.html
SOURCE Georgia Power
Article Date
10/17/2017Plant Farley Unit 2 planned activities underway for the production of clean, safe, affordable and reliable nuclear energy
Source: PR Newswire
BIRMINGHAM, Ala., Oct. 16, 2017 /PRNewswire/ -- On Oct. 15 at 10:58 a.m. CDT, operators at the Joseph M. Farley Nuclear Plant near Dothan, Alabama, safely took Unit 2 offline for a planned refueling and maintenance outage.
Each unit at Plant Farley requires new fuel every 18 months. The most recent refueling outage for Unit 2 was completed in the spring of 2016.
In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components to enhance efficiency and reliability.
"Our number one priority during this outage is safety, and the key to our success is our outstanding employees and supporting partners," said Site Vice President Dennis Madison. "I am proud of the preparations we have made as one team, and every team member is putting forth a total commitment to accomplish this refueling outage at the highest levels of safety and performance."
Employees from across the Southern Nuclear fleet are assisting Farley's staff of more than 900 in the refueling effort. More than 800 additional alliance partners and vendors are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Farley Unit 1 continues to safely operate at 100 percent power while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/plant-farley-unit-2-planned-activities-underway-for-the-production-of-clean-safe-affordable-and-reliable-nuclear-energy-300537530.html
SOURCE Southern Nuclear Communications
Article Date
10/16/201710/16/2017 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
ATLANTA, Oct. 16, 2017 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 58 cents per share on the company's common stock, payable December 6, 2017, to shareholders of record as of November 20, 2017. This marks 280 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-announces-quarterly-dividend-300537355.html
SOURCE Southern Company
Article Date
10/16/2017Georgia Power encourages customers to choose the right tree this fall
Source: PR Newswire
ATLANTA, Oct. 16, 2017 /PRNewswire/ -- Georgia Power works every day to keep reliability high across the state, and, during fall planting season, reminds customers that making the right landscaping choices may help decrease the likelihood of a power outage in the event of a storm.
Just last month, Hurricane Irma's high winds toppled an estimated nearly 2,500 trees – illustrating why tree choice and placement is important. Ensuring that power lines are clear of trees and brush also provides easier access to the company's power lines, which could mean quicker restoration of power during storms.
Georgia Power provides a variety of free resources for customers, including an illustrated planting guide perfect for fall, online at www.georgiapower.com/trees. Resources include:
In addition to helping customers select the right trees to plant, Georgia Power maintains 160,000 line acres and 24,000 miles of transmission and distribution lines under guidelines set by the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC). These maintenance activities are an essential piece of the company's commitment to ensuring reliable service for 2.5 million customers in every corner of the state.
Other free tools and resources from Georgia Power include the Outage & Storm Center at www.georgiapower.com/storm, where customers can sign up for Outage Alerts and report and check the status of outage. The Outage & Storm Center also features a variety of storm safety and preparation information, as well as an interactive Outage Map which provides near real-time information on where outages are occurring across the state, as well as estimated restoration times.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-encourages-customers-to-choose-the-right-tree-this-fall-300537180.html
SOURCE Georgia Power
Article Date
10/16/201710/16/2017 - Southern Company Gas to Sell Elizabethtown Gas and Elkton Gas to South Jersey Industries in $1.7 Billion Deal
Southern Company Gas to Sell Elizabethtown Gas and Elkton Gas to South Jersey Industries in $1.7 Billion Deal
Source: PR Newswire
ATLANTA, Oct. 16, 2017 /PRNewswire/ -- Southern Company and Southern Company Gas today announced that Pivotal Utility Holdings, Inc., a subsidiary of Southern Company Gas, has entered into agreements to sell the assets of its utility operating divisions Elizabethtown Gas and Elkton Gas to South Jersey Industries in an all-cash transaction with an enterprise value of approximately $1.7 billion. Southern Company Gas is a subsidiary of Southern Company.
"This transaction, which we anticipate completing by third quarter 2018, will strengthen the balance sheets of Southern Company Gas and Southern Company by reducing existing financing requirements," said Thomas A. Fanning, chairman, president and CEO of Southern Company. "In addition to maximizing value for Southern Company shareholders, the transaction is beneficial to our company and aligns with our overall business strategy to drive growth and prosperity."
The transaction, which is expected to be operationally seamless to customers, is designed to ensure that Elizabethtown Gas and Elkton Gas will continue their customer-focused business model and strong commitment to safety, reliability, excellent customer service and giving back to the communities where they are privileged to serve.
South Jersey Industries is committed to providing the same level of service and reliability Elizabethtown Gas and Elkton Gas customers are accustomed to receiving today and will continue to provide service at New Jersey Board of Public Utilities (NJBPU) and Maryland Public Service Commission (MPSC) approved tariff rates. South Jersey Industries also will maintain commitments to Elizabethtown Gas and Elkton Gas employees, including honoring all collective bargaining agreements in place at the time of close and pension benefits.
The transaction will involve, among other things, approval by the NJBPU and MPSC (with respect to the Elkton Gas sale), the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and certain limited approvals by the Federal Energy Regulatory Commission and the Federal Communications Commission.
South Jersey Industries is an energy services holding company comprised of a natural gas utility, South Jersey Gas, which serves approximately 381,000 residential, commercial and industrial customers in the seven southernmost counties of New Jersey. South Jersey Industries also operates several non-regulated businesses that promote efficiency, clean technology and renewable energy by providing customized wholesale marketing and field management services; acquiring and marketing natural gas and electricity for retail customers; developing, owning and operating on-site energy production facilities; and offering HVAC and other energy-efficiency related services.
Advisors
Goldman, Sachs & Co. LLC is serving as exclusive financial advisor and Baker Botts LLP is serving as legal counsel to Southern Company.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at www.southerncompanygas.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements concerning the pending transactions. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company and Southern Company Gas believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of the transactions may not be satisfied; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's and Southern Company Gas' reports filed with the Securities and Exchange Commission. There can be no assurance that the transactions will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A. in Southern Company's and Southern Company Gas' Annual Report on Form 10-K for the fiscal year ended December 31, 2016. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transactions or other matters attributable to Southern Company or Southern Company Gas or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date hereof. Southern Company and Southern Company Gas undertake no obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
10/16/201710/12/2017 - Second steam generator placed for Vogtle Unit 3
Second steam generator placed for Vogtle Unit 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 12, 2017 /PRNewswire/ -- Georgia Power announced today that the second steam generator has been safely placed for Unit 3 at the Vogtle nuclear expansion near Waynesboro, Georgia. The 1.4 million-pound steam generator was lifted into the Unit 3 nuclear island on Tuesday and positioned adjacent to the unit's other steam generator, which was placed in August. With the completion of this week's lift, both steam generators are now in place for the new unit.
Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Each new AP1000 unit at Plant Vogtle requires two steam generators, all of which are currently onsite. The steam generators for the new units were fabricated in South Korea and transported to the site via the Port of Savannah and then via rail.
Since Southern Nuclear, the Southern Company subsidiary which operates the existing units at Plant Vogtle, assumed control of the site from Westinghouse this summer, momentum has accelerated with a focus on increased productivity and safe, high-quality construction. Other major milestones achieved in recent weeks include a critical concrete 'super placement' for Unit 3 and the lift of the 237-ton CA03 module for Unit 4. The 71-hour continuous concrete placement included 1,844 cubic yards of concrete – enough to create a sidewalk more than six miles long. The Unit 4 CA03 module is a critical component and part of the In-Containment Refueling Water Storage Tank (IRWST). The IRWST is a 75,300 cubic foot tank that, once the units are operational, is filled with borated water and provides passive heatsink within containment and backup cooling for the reactor vessel.
More than 6,000 workers from across the country are on-site at Plant Vogtle today working to complete the nation's first new nuclear units in 30 years. New photos of progress at the construction site are available each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Vogtle Project Review Underway
Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. The Georgia PSC is expected to review the recommendation and make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read more here.
From the beginning of the Vogtle expansion, Georgia Power has worked to minimize the impact of the new units on customer bills. This effort continues during the Georgia PSC's review of the recommendation with the company recently announcing a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE), as well as receipt of the first of multiple scheduled parent guarantee payments from Toshiba. Today, the total expected rate impact of the project remains less than the original estimate, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy.
Final approval and issuance of these additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future actions related to Plant Vogtle Units 3 and 4 and the expected benefit of the DOE loan guarantees. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
10/12/201710/12/2017 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Oct. 12, 2017 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
|
Preferred Stock |
|
($100 Par Value) |
|
4.20% - $1.05 per share |
|
4.52% - $1.13 per share |
|
4.60% - $1.15 per share |
|
4.64% - $1.16 per share |
|
4.72% - $1.18 per share |
|
4.92% - $1.23 per share |
|
Class A Preferred Stock |
|
($25 Capital Value) |
|
5.00% - $.3125 per share |
These dividends are for the quarter ending December 31, 2017, payable January 1, 2018, to shareholders of record on December 18, 2017.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
View original content:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-300535674.html
SOURCE Alabama Power Company
Article Date
10/12/2017Georgia Natural Gas® Launches New "Refer a Friend" Program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 11, 2017 /PRNewswire/ -- Georgia Natural Gas (GNG) is pleased to announce the launch of its Refer a Friend program, which encourages current GNG customers to invite their friends to become GNG customers. In return, both the customer and their friend referral can earn a $50 bill credit.
"We think our new Refer a Friend program is a great way for GNG to thank our customers for their loyalty. We consistently hear that our customers are very satisfied and often refer GNG to their friends and neighbors, so this is a great way for them to share our great GNG customer service with their friends while earning valuable bill credits," said Mike Braswell, president and CEO of GNG.
GNG has made it easy for customers to take advantage of this new program. Simply start by visiting the GNG website (www.GNG.com/refer) to generate a referral code that can then be easily shared with friends through email, Facebook or Twitter. Once shared, the referral code does all the work, and bill credits are earned once a referred friend uses the referral code to enroll with GNG and becomes an active GNG customer. The more a customer shares, the more they can earn as there is no limit on the number of bill credits a customer can earn. Customers can view their bill credits anytime at www.GNG.com/refer.
Participation is subject to the Program Terms at https://gng.com/refer/program-terms.
Customers can learn more about the Refer a Friend program at www.GNG.com/refer.
About Georgia Natural Gas
Georgia Natural Gas is a leading provider of natural gas to homes and businesses in the state of Georgia. Georgia Natural Gas is part of Atlanta-based SouthStar Energy Services, a preeminent retail natural gas marketing company operating under Southern Company Gas, a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO). SouthStar Energy Services manages a portfolio of additional brands across nine states, including Nicor Advanced Energy and Nicor Solutions in Illinois; Ohio Natural Gas, Florida Natural Gas, Maryland Energy and Grand Rapids Energy in Michigan. As the SouthStar Energy Services brand, the company also conducts business across the southeast including in Tennessee and the Carolinas. For more information visit: GNG.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
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SOURCE Georgia Natural Gas
Article Date
10/11/2017Southern Company third-quarter earnings to be released November 1
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 10, 2017 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2017 by 7:30 a.m. EDT on Wednesday, November 1.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, November 1.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/southern-company-third-quarter-earnings-to-be-released-november-1-300533901.html
SOURCE Southern Company
Article Date
10/10/2017Georgia Power offers electrical safety tips during National Fire Prevention Week
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 9, 2017 /PRNewswire/ -- Oct. 9th through the 13th is National Fire Prevention Week – a time to spotlight ways to prevent in-home fires and develop an escape plan should a fire occur. According to the Electrical Safety Foundation, in-home electrical issues are the third leading cause of home fires nationwide, with more than 50,000 fires attributed to electrical issues each year.
Georgia Power offers the following electrical safety tips during National Fire Prevention Week and year-round:
Safety is a core value for Georgia Power with the company's signature community electrical safety program, PowerTOWN, marking its 25th anniversary this year. The safety education program, which has engaged nearly 4.6 million participants in presentations statewide, uses a model to demonstrate real-life safety scenarios, involving electricity, such as downed powerlines and more.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-offers-electrical-safety-tips-during-national-fire-prevention-week-300533263.html
SOURCE Georgia Power
Article Date
10/9/201710/9/2017 - Plant Vogtle Unit 2 returns to service, sets Southern Nuclear fleet record on refueling outage performance
Plant Vogtle Unit 2 returns to service, sets Southern Nuclear fleet record on refueling outage performance
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Oct. 9, 2017 /PRNewswire/ -- Unit 2 of the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Georgia, has safely resumed generating electricity following completion of a scheduled refueling and maintenance outage. The outage duration was 17 days, 5 hours and 36 minutes – a Southern Nuclear fleet record.
Plant operators safely took the unit offline Sunday, Sept. 17, at 4:57 a.m. EDT, and it resumed electricity production Wednesday, Oct. 4, at 10:18 a.m. EDT. In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components to enhance efficiency and reliability.
The most significant upgrade for this outage was the installation of a digital controls system for the main turbine generator and associated equipment. This new Mark VIe system from General Electric replaces the plant's original analog control mechanisms. Plant Vogtle's control room operators are now able to monitor and manipulate multiple turbine systems via touchscreens and keyboards. The new system has redundant backup systems which provide additional levels of safety beyond those that existed in the original design. This advanced digital controls system was installed on Plant Vogtle Unit 1 in the spring 2017 refueling outage.
"Safety is our top priority, and our team is to be commended for exceeding the safety and efficiency expectations for this outage and achieving record-breaking milestones," said Darin Myers, site vice president for Vogtle units 1 and 2. "The work performed during this outage is a significant investment in our facility. It enhances our ability to produce clean, safe, affordable and reliable nuclear energy for the next 18 months and for many years to come."
Southern Company subsidiary Southern Nuclear operates Plant Vogtle on behalf of Georgia Power and the plant's other Georgia co-owners. Employees from across the Southern Nuclear fleet as well as nearly 1,200 additional workers from Westinghouse, General Electric, Day & Zimmermann, Williams Corporation and other companies came to the plant to assist the site employees in completing the multiple tasks required to ensure the unit will run safely and reliably for the next 18 months.
These additional workers provide considerable economic stimulus to surrounding communities during their stay in the area.
The last refueling outage for Unit 2 was completed in spring 2016. Unit 1 continued to safely generate electricity while Unit 2 was offline for refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
10/9/2017Georgia Power prepared for threat of Tropical Storm Nate
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 6, 2017 /PRNewswire/ -- Georgia Power is closely monitoring the threat of Tropical Storm Nate, including potentially heavy rain and moderate winds in western and northern Georgia over the weekend. The company is mobilizing crews and preparing to respond to any service interruptions which may occur due to the storm.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use
A Strong Response Network
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. In September, Georgia Power responded to Hurricane Irma, one of the most destructive storms in the company's history which interrupted service to nearly 1 million customers. With more than 8,000 personnel involved in restoration efforts, Georgia Power restored power to impacted customers well ahead of schedule.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-prepared-for-threat-of-tropical-storm-nate-300532666.html
SOURCE Georgia Power
Article Date
10/6/2017Vogtle nuclear expansion project marks multiple construction milestones
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 6, 2017 /PRNewswire/ -- Progress continues at the Vogtle nuclear expansion site near Waynesboro, Georgia. The latest milestones achieved over the past week include a critical concrete 'super placement' for Unit 3 and the lift of the 237-ton CA03 module for Unit 4.
The 71-hour continuous concrete placement included 1,844 cubic yards of concrete – enough to create a sidewalk more than six miles long. New concrete was poured in four key areas of the Unit 3 containment vessel – the refueling cavity, the bottom of the in-containment refueling water storage tank, the west steam generator cubicle walls and the pressurizer cubicle walls.
The 237-ton CA03 module for Unit 4 is a critical component and part of the In-Containment Refueling Water Storage Tank (IRWST). The IRWST is a 75,300 cubic foot tank that, once the units are operational, is filled with borated water and provides passive heatsink within containment and backup cooling for the reactor vessel.
Other significant milestones achieved at the Vogtle construction site over the past 30 days include the placement of the CA33 floor module for Unit 3. The module, weighing 35 tons, was delivered to the site from Greenberry Industrial in three sub-modules that were then welded together on site in the Vogtle Module Assembly Building. Additionally, workers placed the Vogtle Unit 4 deaerator inside the turbine building. The 148-foot, 300-ton deaerator functions like a water purifier, eliminating dissolved gasses such as carbon dioxide and oxygen from feedwater. Deaeration prevents corrosion, helping to reduce plant maintenance and operating costs.
More than 6,000 workers from across the country are on-site at Plant Vogtle today working to complete the nation's first new nuclear units in 30 years. New photos of progress at the construction site are available each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
Vogtle Project Review Underway
Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. The Georgia PSC is expected to review the recommendation and make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read more here.
From the beginning of the Vogtle expansion, Georgia Power has worked to minimize the impact of the new units on customer bills. This effort continues during the Georgia PSC's review of the recommendation with the company recently announcing a conditional commitment of approximately $1.67 billion in additional loan guarantees for the project from the U.S. Department of Energy (DOE), as well as receipt of the first of multiple scheduled parent guarantee payments from Toshiba. Today, the total expected rate impact of the project remains less than the original estimate, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy.
Final approval and issuance of these additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future actions related to Plant Vogtle Units 3 and 4 and the expected benefit of the DOE loan guarantees. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
10/6/2017Southern Company and partners announce 2017 waterway conservation grants
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 3, 2017 /PRNewswire/ -- Southern Company, in partnership with the National Fish and Wildlife Foundation (NFWF) and other public and private partners, has awarded $2.5 million in grants to 65 community-led projects nationwide as part of the Five Star and Urban Waters Restoration Program.
Southern Company's funding of the 2017 grants directly supports nine habitat-restoration projects across three states in the Southeast, including Alabama, Florida and Georgia – which are home to Southern Company's retail electric-utility subsidiaries – helping to restore more than 89 acres and 9,850 feet of streambank.
"Southern Company is proud to continue our long-standing commitment to natural resource conservation and stewardship through the Five Star and Urban Waters Program," said Southern Company Environmental and System Planning Vice President Jeff Burleson. "By preserving and protecting our wetlands and streams, we are giving back to the customers and communities we are privileged to serve."
The Five Star and Urban Waters Restoration Program provides funding to diverse local partnerships for wetland, forest, streamside and coastal habitat restoration. In addition to Southern Company and NFWF, other public-private partners include the Wildlife Habitat Council, the U.S. Environmental Protection Agency, the U.S. Forest Service, the U.S. Fish and Wildlife Service, FedEx, Bank of America and Alcoa.
Since 2006, Southern Company has contributed $2.78 million to 118 Five Star and Urban Waters Restoration grants, resulting in an on-the-ground conservation impact of more than $13.3 million, which has helped restore or improve nearly 1,300 acres and more than 137,000 feet of streamside buffer in the Southeast.
"These community-led projects will engage thousands of volunteers, students and local residents in the restoration of wetlands, streams and coastal habitats across the nation," said Jeff Trandahl, executive director and CEO of NFWF. "The critical work done by our grantees will build on a long history of conservation success made possible by the public- and private-sector partners supporting the Five Star and Urban Waters Restoration Program."
Grant recipients were selected based on criteria that included critical habitat restoration, partnerships established with local government agencies and businesses, and their ability to provide educational and training opportunities for youth and the community at large, as well as other ecological, cultural and economic benefits.
The following projects have been awarded 2017 Five Star and Urban Waters Restoration grants supported by Southern Company:
In Alabama:
Upper Village Creek Tree Canopy Restoration – The Nature Conservancy and partners will restore 1.7 acres and perform invasive plant removal along 1,000 linear feet of streambank at Village Creek. This project will engage the community in restoring Birmingham, Ala.'s tree canopy, thereby enhancing local air and water quality. Partners include the City of Birmingham, Cawaco RC&D Council Inc., Ruffner Mountain Nature Preserve and Village Creek Human and Environmental Justice Society.
Irondale Riverwalk Restoration – The Freshwater Land Trust and partners will restore, stabilize and replant a 0.18-acre riparian buffer to enhance water quality and stabilization of the Cahaba River in eastern Jefferson County, Ala. This project will remove invasive species, establish native species and enhance riparian areas to increase local biodiversity and enhance recreational opportunities for the local community. Partners include City of Irondale, Cahaba Blueway Partners, Church of the Highlands, Cahaba River Society and Grow Irondale.
In Florida:
Citizen Science and Community-based Restoration for the Coastal Dune Lakes of Walton County – The Choctawhatchee Basin Alliance and partners will work to improve 70 acres of aquatic habitat and restore four acres of dune habitat. Through community-based restoration and citizen-scientist initiatives, this project will expand the understanding of the globally rare, critically imperiled Coastal Dune Lakes of Walton County, Fla. Partners include Mattie M. Kelly Environmental Institute, Walton County Board of County Commissioners, Silver Sands School and local volunteers.
In Georgia:
Creekside Trail Restoration and Education at Stroud Elementary – Howard B. Stroud Elementary School and partners will restore a ¾-mile creek-side trail, 4,500 linear feet of riparian habitat and 48 acres of surrounding forest to directly improve water quality and aquatic and terrestrial habitat. This project will provide learning opportunities to Stroud Elementary students and the local community in water quality monitoring and protection, plant and animal life, wetland function, and educational and career opportunities in the environmental protection field. Partners include Clarke County District, Watershed UGA, Athens-Clarke County Stormwater, Kiwanis, Oconee River Land Trust, Chicopee-Dudley Neighborhood Association, Upper Oconee Watershed Network, EcoReach, USDA Natural Resources Conservation Service, US Geologic Survey and US Environmental Protection Agency.
Beech Haven Restoration through Athens Youth Conservation Stewards – The Athens Land Trust and partners will establish a corps of Athens Youth Conservation Stewards (AYCS) to remove woody invasive species on 25 acres and improve wildlife habitat and water quality. This project will provide teens from underserved communities with employment experience and leadership skills while improving an important public space in their community. Partners include Athens-Clarke County Unified Government, Oconee River Greenway Commission, Great Promise Partnership, Keep Athens-Clarke County Beautiful, Oconee Rivers Audubon Society and local volunteers.
Urban Stewardship and Restoration for Proctor and Utoy Watersheds – EcoAddendum and partners will restore 6.2 acres of floodplain, Piedmont mesic hardwood forest, 4,350 linear feet of streambank and 100 feet of riparian vegetation in the Proctor Creek watershed in west Atlanta. This project will implement restoration planning, on-the-ground community-based habitat restoration and educational outreach to help manage stormwater runoff, improve habitat connectivity and promote an environmentally-aware citizenry. Partners include City of Atlanta Dept. of Parks and Recreation, Beech Hollow Farms, Park Pride, City of Atlanta Tree Conservation Commission, Hauser Consulting, Trees Atlanta, Arborguard, Sheer Ecological and Chattahoochee Riverkeeper.
Urban Gardens and Wetland Restoration at Gwinnett Technical College – The Gwinnet Tech Foundation and partners will protect and restore .9 acres of existing wetlands on the campus of Gwinnett Technical College in Lawrenceville, Georgia in metro Atlanta. This project will engage students, staff and the community in capturing and treating stormwater runoff and protect downstream waters. Partners include Gwinnett Tech Foundation, Gwinnett County Department of Water Resources, UGA Extension Gwinnett County Public Schools and Gwinnett Coalition.
Restoring Bird-friendly Habitat at Blue Heron Nature Preserve – The Atlanta Audubon Society and partners will replace invasive species with native, bird-friendly plants on three acres and conduct avian surveys at the Land O'Lakes unit of Blue Heron Nature Preserve. Project will engage 50 volunteers and three-hundred participants in educational outreach and provide quality foraging, nesting and stopover habitat for birds in metro Atlanta. Partners include Blue Heron Nature Preserve, Rock Springs Restoration, Greening Youth Foundation, Georgia Native Plant Society, Amphibian Foundation and National Audubon.
Marsh Protection Promenade – The Savannah Tree Foundation and partners will improve 70 yards of marshline and tidal creek water quality, filter 1.7 acres surface area of stormwater runoff and reduce erosion on the campus of Savannah State University in Chatham County, Ga. This project will augment both the immediate and long-term health of coastal marsh habitat and provide educational and recreational benefits to the local community. Partners include Savannah State University, One Hundred Miles, Healthy Savannah and Town of Thunderbolt.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/3/2017Georgia Power receives first payment from Toshiba for new Vogtle units
Source: PR Newswire
ATLANTA, Oct. 2, 2017 /PRNewswire/ -- Georgia Power today announced that it has received the first parent guarantee payment from Toshiba for the Plant Vogtle nuclear expansion project near Waynesboro, Ga. The $300 million payment, of which $137 million is Georgia Power's proportionate share, is the first of multiple scheduled payments to Georgia Power and the other project co-owners totaling $3.68 billion.
This payment is a positive indication of Toshiba's commitment to meeting its financial obligation under the parent guarantee, which was put in place to protect Georgia electric customers as part of the original contract for the project. From the beginning of the Vogtle expansion, Georgia Power has worked to minimize the impact of the new units on customer bills. Today, the total expected rate impact of the project remains less than the original estimate, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the U.S. Department of Energy (DOE) and the fuel savings of nuclear energy.
Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. The Georgia PSC is expected to review the recommendation and make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read more here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future scheduled payments from Toshiba, the expected benefits of the DOE loan guarantee, expected customer rate impacts, and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
10/2/20179/29/2017 - Georgia Power names Xia Liu executive vice president, chief financial officer and treasurer
Georgia Power names Xia Liu executive vice president, chief financial officer and treasurer
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 29, 2017 /PRNewswire/ -- The Georgia Power's Board of Directors has elected Xia Liu as executive vice president, chief financial officer and treasurer, effective October 1. In her new role, Liu will be responsible for overseeing the company's accounting and financial functions.
"Xia brings a depth of knowledge and diverse experience from serving in business units across the Southern Company system that will further strengthen our organization as we continue to modernize our business to best meet the changing needs of our customers," said Chairman, President and CEO Paul Bowers.
Liu began her career at Southern Company in 1998 and has served in nearly a dozen roles with increasing responsibility, including senior vice president of finance for Southern Company Services and treasurer for Southern Company, vice president of finance for Southern Company Services and assistant treasurer for Southern Company, director of financial and corporate planning and assistant treasurer for Alabama Power, fuels environmental and compliance manager for Southern Generation, and others.
Most recently, Liu served as vice president, chief financial officer and treasurer for Gulf Power where she was responsible for overall accounting, financial planning and analysis, budgeting, treasury, internal controls, regulatory, rates and pricing, and forecasting functions.
Liu earned a bachelor's degree and master's degree in finance from Renmin University of China and a master's degree in business administration from Emory University. She is a chartered financial analyst (CFA) and has completed two years in the economics Ph.D. program at Emory University. Additionally, Liu is also an International Woman's Forum Leadership Foundation fellow and has attended executive programs at Harvard University and INSEAD School of France.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/29/2017Georgia Power receives additional loan guarantee commitments for new Vogtle units
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 29, 2017 /PRNewswire/ -- Georgia Power announced today that it has reached an agreement with the U.S. Department of Energy (DOE) for a conditional commitment of approximately $1.67 billion in additional loan guarantees for the Plant Vogtle nuclear expansion project near Waynesboro, Ga.
Georgia Power had previously secured loan guarantees of $3.46 billion for the construction of Vogtle units 3 and 4, the first to be built in the United States in more than 30 years.
With a total of more than $5 billion in anticipated DOE loan guarantees, Georgia Power expects to be able to provide more than $500 million in present-value benefits to its customers.
"We thank the DOE for their support and commitment to the Vogtle 3 and 4 project," said Paul Bowers, chairman, president and CEO of Georgia Power. "From the outset, Georgia Power and the project co-owners have worked to minimize the impact of the project on our customers' bills and these additional loan guarantees will help us continue to reduce our financing costs."
"Today's announcement reflects the wide-ranging governmental support for nuclear energy in America," said Bowers. "The administration, Secretary Rick Perry, the entire cabinet and members of Congress from both sides of the aisle have been exceedingly helpful with the construction of the Vogtle 3 and 4 project."
Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities. On August 31, Georgia Power filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion supported by all of the project's other co-owners. The recommendation was based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment launched following the bankruptcy of Westinghouse in March. The Georgia PSC is expected to review the recommendation and make a decision regarding the future of the Vogtle 3 and 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding. Read more here.
Final approval and issuance of these additional loan guarantees by the DOE cannot be assured and are subject to the negotiation of definitive agreements, completion of due diligence by the DOE, receipt of any necessary regulatory approvals, and satisfaction of other conditions.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future actions related to Plant Vogtle Units 3 and 4 and the expected benefit of the DOE loan guarantees. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
9/29/2017Georgia Power launches new Energy Assessment and Solutions Program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 28, 2017 /PRNewswire/ -- Georgia Power announced today the launch of its new Energy Assessment and Solutions Program (EASP), which offers energy efficiency improvements in single-family homes and multifamily properties. The program assists qualified customers with energy savings, through education and free in-home energy efficiency improvements.
"Our new Energy Assessment and Solutions Program is helping customers make small adjustments that deliver big energy savings," said Eric Arnold, program implementation manager for Georgia Power. "We encourage our customers to take advantage of this opportunity to save money and to consider ways to make their homes more energy efficient throughout the year."
The EASP offers valuable information on ways to save money and energy while maintaining a comfortable and efficient home year-round. Energy-saving tips and improvements within this program could include air sealing, attic insulation, water heater insulation jackets, pipe wrapping, HVAC assessments, LED light bulbs and smart thermostats.
Georgia Power customers can qualify for the Energy Assessment and Solutions Program by having an active account with Georgia Power and receive a yearly income at or below 200 percent of federal poverty income guidelines. To learn more and participate in the program, visit www.GeorgiaPower.com/EASP.
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/28/2017Georgia Power celebrates 25th anniversary of PowerTOWN safety program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 27, 2017 /PRNewswire/ -- Georgia Power is celebrating the 25th anniversary of its award-winning electrical safety education program, PowerTOWN. Since its launch in 1991, the program has presented electrical safety information to thousands of students, youth groups, emergency personnel, contractors, adult groups and other organizations across the state.
The safety education program provides a model to demonstrate real-life scenarios, involving electricity, such as downed powerlines, and explains how to stay safe in these situations. The engaging demonstrations include a certified presenter that shares electrical tips using kits designed to model a town where the scenarios involving electricity could be explained. More than 500 Georgia Power employees have been trained to present information needed to safely live and work where electricity is present.
"The PowerTOWN electrical safety program, due to engaging presentations and materials, has been extremely successful in informing thousands about the importance of electrical safety and how to respond in a variety of situations around electricity," said Anthony Farris, project manager for Georgia Power. "As part of our commitment to the community, the program continues to serve as an effective safety resource."
In addition to the in-person demonstrations, the PowerTOWN program has evolved over the years by providing materials online for students and educators to access year-round that demonstrates the safe use of electric power through a newly developed game, animated videos, coloring books, a glossary and supplemental resources. The program has also expanded by providing materials in Spanish, working with first responders and presenting at large seasonal venues such as the Georgia Mountain Fair in Hiawassee, the Georgia State Fair in Perry and the Sunbelt Agriculture Expo in Moultrie.
Georgia Power's commitment to education spans its more than 100-year history and is emphasized companywide. In addition to PowerTOWN, Georgia Power offers online resources for educators including interactive diagrams, an online energy calculator, access to power plant tours and more. Other efforts to enhance and improve education in Georgia include partnerships with groups such as Junior Achievement and assistance grants for new teachers awarded annually across the state. For more information about Georgia Power's initiatives and programs such as PowerTOWN, visit www.georgiapower.com/education.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/27/2017Georgia Power announces redemption of preferred and preference stock
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 21, 2017 /PRNewswire/ -- Georgia Power today announced that it issued a notice of redemption for the following series of preferred and preference stock:
The redemption date for each of the above series of preferred and preference stock will be October 24, 2017. The redemption price per share for each series of preferred and preference stock to be redeemed shall be as follows:
Regular dividends on the preferred and preference stock being redeemed are payable Oct. 1, 2017 to each holder of record on Sept. 15, 2017. No dividends on the preferred and preference stock being redeemed will accrue on or after the redemption date, nor will any interest accrue on amounts held to pay the redemption price.
Questions relating to this redemption and requests for copies of the notice of redemption should be directed to Wells Fargo Shareowner Services at 1-800-468-9716.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-announces-redemption-of-preferred-and-preference-stock-300523678.html
SOURCE Georgia Power
Article Date
9/21/2017Georgia Power offers $50 HVAC service rebate for residential customers
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 20, 2017 /PRNewswire/ -- As the cooler fall weather arrives, Georgia Power reminds residential customers to take advantage of a rebate up to $50 simply for having their heating, ventilation and air conditioning (HVAC) system serviced by a qualified, licensed and approved HVAC technician. As much as 50 percent of monthly energy use can be attributed to heating and cooling the home and inefficient systems can cost customers hundreds of dollars in additional energy costs every year. Having a home's HVAC system professionally serviced once a year increases efficiency and delivers energy savings year-round.
Servicing a home's HVAC system can take just a few hours and can include various tests to ensure the unit's internal parts are functioning correctly, a filter check and a refrigerant charge if needed. The service will likely also include clearing the drain and cleaning the unit thoroughly inside and out.
Other energy-saving tips to optimize HVAC operation and to save money and energy include:
Georgia Power customers can qualify for the Residential HVAC Service Program rebate by having a qualified contractor conduct a diagnostic assessment on the system during appropriate weather conditions, make improvements that meet the minimum program requirements and perform a post-test assessment using program approved resources. To learn more and participate in the program, click here.
Saving Made Easy
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. The company also offers customers a single, convenient online portal featuring the most popular energy saving and smart home products, such as LED lighting and smart thermostats, at GeorgiaPowerMarketplace.com. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-offers-50-hvac-service-rebate-for-residential-customers-300522905.html
SOURCE Georgia Power
Article Date
9/20/2017Georgia Power and Atlanta Braves celebrate Nuestra Cultura
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 19, 2017 /PRNewswire/ -- Georgia Power and the Atlanta Braves today announced a new partnership highlighting and celebrating Nuestra Cultura during Hispanic Heritage Month. The new program is a community initiative created to educate, engage and celebrate the many contributions Hispanics and Latinos have made to the game of baseball through community service initiatives and presented in coordination with Georgia Power's longstanding Learning Power in-school curriculum. Through the new week-long program launching in classrooms this week, local elementary school students will have the opportunity to meet and participate in a Q&A with Braves players, coaches and staff about their childhood, career and interests.
The Nuestra Cultura is just one of the ways Georgia Power is celebrating Hispanic Heritage Month. Additional events and initiatives hosted this month include Plaza Fiesta's Independencia de Mexico (a family friendly celebration that hosts vendors, food tents, music, dancing and performances), Los Bravos Day at SunTrust Park (a special on-field presentation saluting the Hispanic heritage of many current and former Braves players) and Todos Somos Heroes by Telemundo Atlanta (celebrating the inspiring stories of ordinary people whose daily acts make a difference for their family, friends and community).
Georgia Power's Learning Power education program is rooted in the company's longstanding commitment to improving education in Georgia. Since the program's inception in 2011, the company has reached more than 420,000 students and hosted more than 17,300 individual science, technology, engineering and math (STEM) events. Learning Power education coordinators present STEM-related lessons highlighting energy basics such as simple circuits and energy efficiency, in addition to activities that help students understand how electricity is generated and distributed.
Georgia Power is dedicated to engaging with all of customers through community programs and partnerships, while maintaining a workforce that represents the communities it serves. This dedication is a part of the company's broader commitment to being a "citizen wherever we serve" and continued work to improve the quality of life for citizens throughout Georgia. Learn more at GeorgiaPower.com/AboutUs.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-and-atlanta-braves-celebrate-nuestra-cultura-300522330.html
SOURCE Georgia Power
Article Date
9/19/20179/19/2017 - Georgia Power introduces renewable energy program for commercial and industrial customers
Georgia Power introduces renewable energy program for commercial and industrial customers
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 19, 2017 /PRNewswire/ -- Georgia Power has launched its latest program to help grow renewable energy in Georgia – C&I REDI. The program is available to commercial and industrial (C&I) customers under the Renewable Energy Development Initiative (REDI), which was developed in coordination with and approved by the Georgia Public Service Commission in 2016. Through the voluntary program, participating customers will receive hourly credits matching actual production as well as the solar Renewable Energy Credits (RECs) from up to 200 megawatts (MW) of renewable resources procured under REDI.
"We are focused on creating pioneering programs and services that meet the changing energy needs of our customers, including the increasing need for many commercial and industrial customers to meet sustainability goals," said Wilson Mallard, Director of Renewable Development at Georgia Power. "This new program will provide a new renewable energy option for larger customers, while also benefitting all of our customers through further diversification of our state's generation mix."
Georgia Power's robust renewable development strategy includes innovative customer programs such as Simple Solar, as well as large-scale initiatives such as the Advanced Solar Initiative (ASI) and REDI. With nearly 900 MW of solar capacity online, the company continues to have the largest voluntary renewable portfolio in the nation, with accelerating growth year over year since 2013. Through continued expansion of solar at Georgia military bases, implementation of the new REDI, as well as other solar projects and programs, the company expects to add up to 1,600 MW* of additional renewable capacity by 2021.
Interested C&I customers are encouraged to subscribe to C&I REDI through a Notice of Intent Application process that will close on September 25, 2017. C&I customers will sign a 10 to 30 year contract based on their preference. The hourly credits will be based on Georgia Power's actual hourly cost of incremental generation (avoided cost). To qualify, a customer must have an aggregate 2016 peak demand of 3 MW or greater (aggregated accounts must be under common ownership and control). For additional information and to apply for the program, visit https://gpcci.accionpower.com.
* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-introduces-renewable-energy-program-for-commercial-and-industrial-customers-300522165.html
SOURCE Georgia Power
Article Date
9/19/2017Refueling activities and performance enhancements underway at Plant Vogtle Unit 2
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Sept. 18, 2017 /PRNewswire/ -- Plant operators safely took Unit 2 of the Alvin W. Vogtle Electric Generating Plant offline Sunday, Sept. 17, at 4:57 a.m. EDT for a scheduled refueling outage.
Each of the two units at Plant Vogtle requires new fuel every 18 months. The most recent refueling outage for Unit 2 was completed in the spring of 2016.
In addition to refueling the reactor during the outage, workers will perform regular maintenance, testing and upgrades to plant equipment.
"Safety is our top priority above all else during this refueling outage," said Darin Myers, site vice president for Vogtle units 1 and 2. "A safe and successful outage is achieved through the total commitment of each of our workers and our supporting partners. Our comprehensive planning as one team will ensure our outage activities are coordinated and accomplished at the highest levels of safety and performance."
Southern Company subsidiary Southern Nuclear operates Plant Vogtle on behalf of Georgia Power and the plant's other Georgia co-owners. Employees from across the Southern Nuclear fleet as well as nearly 1,200 additional workers from Westinghouse, General Electric, Day & Zimmermann, Williams Corporation and other companies have come to the plant to assist the site employees in completing the multiple tasks required to ensure the unit will run safely and reliably for the next 18 months.
These additional workers provide considerable economic stimulus to surrounding communities during their stay in the area.
Vogtle Unit 1 will continue to safely generate electricity while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/refueling-activities-and-performance-enhancements-underway-at-plant-vogtle-unit-2-300521226.html
SOURCE Southern Nuclear
Article Date
9/18/2017Power restored to 99 percent of Georgia Power customers impacted by Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 16, 2017 /PRNewswire/ -- Georgia Power has restored power to 99 percent of customers, or 990,000 customers, impacted by Hurricane Irma. More than 8,000 personnel were mobilized as part of the company's restoration effort, including all of Georgia Power's resources, as well as assistance from other Southern Company operating companies and dozens of other companies and assisting utilities. While work is nearly complete and ahead of schedule, all personnel in the field remain focused on reconnecting the limited number of customers who remain without power in the state due to the hurricane.
"The destruction from Hurricane Irma was unprecedented across Georgia, and throughout the Southeast, and I'm extremely proud of and thankful for the work and dedication of our teams to restore service to nearly all impacted customers ahead of schedule," said Paul Bowers, chairman, president and CEO of Georgia Power. "Our job is not finished until every customer is reconnected and we want to thank the millions of customers who depend on us for electric service every day for their patience during restoration. I also want to personally thank our sister operating companies, as well as all utility, public safety and governmental partners who worked together over the past weeks to prepare for and recover from Hurricane Irma."
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. The hurricane brought severe weather, including high winds, heavy rain and flooding, to every corner of the state. All of Georgia Power's resources were held in the state prior to the storm and remained in Georgia to lead the company's restoration effort. Restoration teams were widely distributed as widespread damage was expected and faced challenging conditions for days following Hurricane Irma including downed trees, blocked roads and bridges that had to be inspected by the state after area flooding.
Georgia Power estimates that damage from Hurricane Irma could include:
Georgia Power customers who remain without power at this time should continue to check the company's Outage Map at outagemap.georgiapower.com for the latest estimated restoration times (ERTs). The company will regularly update the Outage Map and other customer notification resources during the remainder of the Hurricane Irma restoration process with any changes in these ERTs.
Customers in some of the hardest hits areas of Georgia may not be able reconnect to Georgia Power service due to extensive damage. Georgia Power reminds customers that the electrical service entry point on their home or business, including the meter box and other components, must be repaired before Georgia Power can reconnect service. The company cannot, by law, connect power to a damaged meter box, or other non-Georgia Power components, and property owners should contact a qualified electrician to make repairs in order for the company to reconnect service.
Customers are also encouraged to remain aware that that dangerous conditions continue to exist across Georgia following Hurricane Irma. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/power-restored-to-99-percent-of-georgia-power-customers-impacted-by-hurricane-irma-300520836.html
SOURCE Georgia Power
Article Date
9/16/2017Georgia Power restores power to 95+ percent of customers impacted by Hurricane Irma 48 hours ahead of schedule
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 15, 2017 /PRNewswire/ -- Georgia Power has restored power to more than 95 percent, or more than 960,000 customers, impacted by Hurricane Irma in just four days – 48 hours ahead of schedule. More than 8,000 personnel were mobilized as part of the company's restoration effort, including all of Georgia Power's resources, as well as assistance from other Southern Company operating companies and dozens of other companies and assisting utilities. All personnel in the field are now solely focused on restoring service to approximately 40,000 customers who remain without power due to the storm.
"The destruction from Hurricane Irma was unprecedented across Georgia, and throughout the Southeast, and I'm extremely proud of and thankful for the work and dedication of our teams to restore service to nearly all impacted customers ahead of schedule," said Paul Bowers, chairman, president and CEO of Georgia Power. "Our job is not finished until every customer is reconnected and we want to thank the millions of customers who depend on us for electric service every day for their patience during restoration. I also want to personally thank our sister operating companies, as well as all utility, public safety and governmental partners who worked together over the past weeks to prepare for and recover from Hurricane Irma."
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. The hurricane brought severe weather, including high winds, heavy rain and flooding, to every corner of the state. All of Georgia Power's resources were held in the state prior to the storm and remained in Georgia to lead the company's restoration effort. Restoration teams were widely distributed as widespread damage was expected and faced challenging conditions for days following Hurricane Irma including downed trees, blocked roads and bridges that had to be inspected by the state after area flooding.
Georgia Power estimates that damage from Hurricane Irma could include:
Georgia Power customers who remain without power at this time should continue to check the company's Outage Map at outagemap.georgiapower.com for the latest estimated restoration times (ERTs). The company will regularly update the Outage Map and other customer notification resources during the remainder of the Hurricane Irma restoration process with any changes in these ERTs.
Customers in some of the hardest hits areas of Georgia may not be able reconnect to Georgia Power service due to extensive damage. Georgia Power reminds customers that the electrical service entry point on their home or business, including the meter box and other components, must be repaired before Georgia Power can reconnect service. The company cannot, by law, connect power to a damaged meter box, or other non-Georgia Power components, and property owners should contact a qualified electrician to make repairs in order for the company to reconnect service.
Customers are also encouraged to remain aware that that dangerous conditions continue to exist across Georgia following Hurricane Irma. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-restores-power-to-95-percent-of-customers-impacted-by-hurricane-irma-48-hours-ahead-of-schedule-300520675.html
SOURCE Georgia Power
Article Date
9/15/2017Power restored to 940,000 Georgia Power customers as of noon Friday
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 15, 2017 /PRNewswire/ -- As of noon Friday, Georgia Power has restored power to 940,000 customers impacted by Hurricane Irma. More than 8,000 personnel are working around the clock as part of Georgia Power's statewide restoration effort to restore power for the approximately 55,000 customers who remain without power due to the storm. The company is on track to restore power to 95 percent of all customers impacted by Hurricane Irma, who can accept power, by Saturday night or earlier. Georgia Power originally estimated that 95 percent of affected customers would be reconnected by Sunday evening.
Georgia Power has posted estimated restoration times (ERTs) for dozens of cities and regions throughout Georgia at outagemap.georgiapower.com. The company will regularly update the Outage Map and other customer notification resources during the remainder of the Hurricane Irma restoration process with any changes in these ERTs.
The company continues to encourage customers to keep safety in mind throughout the restoration process:
Teams in the Field
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. All of Georgia Power's resources were held in the state prior to the storm and have remained in Georgia to lead the company's restoration effort. The company continues to marshal its resources to restore customers as quickly and safely as possible with staging areas in all affected parts of the state. Restoration teams continue to face challenges including downed trees, blocked roads and bridges that had to be inspected by the state following flooding.
As Georgia Power completes its restoration efforts, it will continue to work with and offer assistance to other utility providers, such as cities and EMCs, which may require additional resources for local power restoration.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/power-restored-to-940000-georgia-power-customers-as-of-noon-friday-300520551.html
SOURCE Georgia Power
Article Date
9/15/2017Power restored to 920,000 Georgia Power customers Thursday night
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 14, 2017 /PRNewswire/ -- As of 9 p.m. Thursday evening, Georgia Power has restored power to 920,000 customers impacted by Hurricane Irma. More than 8,000 personnel are working around the clock as part of Georgia Power's statewide restoration effort to restore power for the approximately 75,000 customers who remain. The company is on track to restore power to 95 percent of all customers impacted by Hurricane Irma, who can accept power, by Saturday night – 24 hours ahead of schedule.
Georgia Power has posted estimated restoration times (ERTs) for dozens of cities and regions throughout Georgia at outagemap.georgiapower.com. The company will regularly update the Outage Map and other customer notification resources during the remainder of the Hurricane Irma restoration process with any changes in these ERTs.
The company continues to encourage customers to keep safety in mind throughout the restoration process:
Teams in the Field
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. All of Georgia Power's resources were held in the state prior to the storm and have remained in Georgia to lead the company's restoration effort. The company continues to marshal its resources to restore customers as quickly and safely as possible with staging areas in all affected parts of the state. Restoration teams continue to face challenges including downed trees, blocked roads and bridges that had to be inspected by the state following flooding.
As Georgia Power completes its restoration efforts, it will continue to work with and offer assistance to other utility providers, such as cities and EMCs, which may require additional resources for local power restoration.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/power-restored-to-920000-georgia-power-customers-thursday-night-300520207.html
SOURCE Georgia Power
Article Date
9/15/20179/14/2017 - Hurricane Irma SCAM Alert
Hurricane Irma SCAM Alert
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 14, 2017 /PRNewswire/ -- Georgia Power wants to remind customers to be aware of potential scams during the statewide recovery from Hurricane Irma. The company offers the following tips to avoid scams and fraud.
As of Thursday afternoon, Georgia Power has restored power to more than 850,000 customers, with 135,000 customers remaining to be restored. Nearly 8,000 personnel are now engaged in Georgia Power's statewide restoration effort and the company's statewide restoration efforts are advancing ahead of schedule. Georgia Power now estimates that 95 percent of all customers impacted by Hurricane Irma, who can accept power, will have power restored by Saturday night – approximately 24 hours ahead of schedule.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/hurricane-irma-scam-alert-300520134.html
SOURCE Georgia Power
Article Date
9/14/2017Georgia Power announces regional estimated restoration times; statewide restoration efforts ahead of schedule
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 14, 2017 /PRNewswire/ -- Georgia Power announced today regional estimated restoration times (ERTs) for all areas of the state following Hurricane Irma. The hurricane, one of the strongest and largest storms to strike Georgia in decades, brought high winds, heavy rain and flooding to every county in the state and impacted service to nearly 1 million Georgia Power customers.
As of Thursday morning, Georgia Power has restored power to 830,000 customers, with 155,000 customers remaining to be restored. Nearly 8,000 personnel are now engaged in Georgia Power's statewide restoration effort and the company's statewide restoration efforts are advancing ahead of schedule. Georgia Power now estimates that 95 percent of all customers impacted by Hurricane Irma, who can accept power, will have power restored by Saturday night – approximately 24 hours ahead of schedule.
Detailed ERTs for dozens of cities are available at outagemap.georgiapower.com, with 95 percent of customers in the following cities expected to be restored today or in coming days.
The company will regularly update the Outage Map and other customer notification resources during the remainder of the Hurricane Irma restoration process with any changes in these ERTs.
The company continues to encourage customers to keep safety in mind throughout the restoration process:
Teams in the Field
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. All of Georgia Power's resources were held in the state prior to the storm and have remained in Georgia to lead the company's restoration effort. The company continues to marshal its resources to restore customers as quickly and safely as possible with staging areas in all affected parts of the state. Restoration teams continue to face challenges including downed trees, blocked roads and bridges that had to be inspected by the state following flooding.
As Georgia Power completes its restoration efforts, it will continue to work with and offer assistance to other utility providers, such as cities and EMCs, which may require additional resources for local power restoration.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-announces-regional-estimated-restoration-times-statewide-restoration-efforts-ahead-of-schedule-300519804.html
SOURCE Georgia Power
Article Date
9/14/20179/14/2017 - Second full day of Georgia Power restoration reveals extent of Hurricane Irma devastation
Second full day of Georgia Power restoration reveals extent of Hurricane Irma devastation
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 13, 2017 /PRNewswire/ -- Wednesday marked the second full day of Georgia Power's restoration efforts and, with power restored to 700,000 customers, the widespread destruction of Hurricane Irma is clear from photos submitted from teams in the field. From coastal Georgia to Metro Atlanta to the mountains of north Georgia, communities continue to clear fallen trees and debris and recover from flooding and heavy rains.
Initial Georgia Power damage estimates from Hurricane Irma:
Hurricane Irma interrupted service to nearly 1 million Georgia Power customers across the state this week and, as of Wednesday evening, more than 700,000 customers statewide had service restored. Nearly 8,000 personnel are now engaged in Georgia Power's statewide restoration effort and the company expects to have service restored to 95 percent of all customers impacted by Hurricane Irma, who can accept power, by Sunday night.
Teams in the Field
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. All of Georgia Power's resources were held in the state prior to the storm and have remained in Georgia to lead the company's restoration effort. The company continues to marshal its resources to restore customers as quickly and safely as possible with staging areas in all affected parts of the state. Restoration teams continue to face challenges including downed trees, blocked roads and bridges that had to be inspected by the state following flooding.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Safety Information
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/second-full-day-of-georgia-power-restoration-reveals-extent-of-hurricane-irma-devastation-300519401.html
SOURCE Georgia Power
Article Date
9/14/20179/13/2017 - Hurricane Irma Restoration Alert
Hurricane Irma Restoration Alert
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 13, 2017 /PRNewswire/ -- Georgia Power wants to remind customers impacted by Hurricane Irma that the electrical service entry point on their home or business, including the meter box and other components, must be repaired before Georgia Power can reconnect service. Georgia Power cannot, by law, connect power to a damaged meter box, or other non-Georgia Power components, and property owners should contact a qualified electrician to make repairs in order for the company to reconnect service.
There are thousands of personnel working in the field today to restore service for Georgia Power customers. If one of these employees assesses the damage and notes that private property must be repaired, they will leave information for the customer noting the components that need attention and additional instructions if an electrician is needed. Property owners should not attempt to repair electrical components – this is extremely dangerous and could result in injury or death.
More information about reconnection and repairs to private property is available online here.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/hurricane-irma-restoration-alert-300519226.html
SOURCE Georgia Power
Article Date
9/13/20179/13/2017 - Georgia Power restores service to more than 300,000 metro Atlanta customers following Hurricane Irma
Georgia Power restores service to more than 300,000 metro Atlanta customers following Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 13, 2017 /PRNewswire/ -- Georgia Power teams working around the clock have restored power to more than 300,000 customers impacted by Hurricane Irma in metro Atlanta. As of Wednesday afternoon, less than 150,000 customers remain without power in metro Atlanta and work continues to restore power to all impacted customers as quickly and safely as possible.
Georgia Power has established multiple staging areas across the metro Atlanta area, including large staging sites in Lithonia and Jonesboro, to effectively and efficiently dispatch crews. Restoration teams continue to face challenges including downed trees, blocked roads and bridges that had to be inspected by the state following flooding.
Hurricane Irma interrupted service to nearly 1 million Georgia Power customers across the state this week and, as of noon Wednesday, more than 620,000 customers statewide had service restored. More than 6,000 personnel are engaged in Georgia Power's statewide restoration effort and the company expects to have service restored to 95 percent of all customers impacted by Hurricane Irma, who can accept power, by Sunday night.
Teams in the Field
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. All of Georgia Power's resources were held in the state prior to the storm and have remained in Georgia to lead the company's restoration effort.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Safety Information
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-restores-service-to-more-than-300000-metro-atlanta-customers-following-hurricane-irma-300519077.html
SOURCE Georgia Power
Article Date
9/13/2017Statewide damage assessment completed; Georgia Power should have 95 percent of customers impacted by Hurricane Irma restored by Sunday night
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 13, 2017 /PRNewswire/ -- Georgia Power announced today that it expects to have service restored to 95 percent of customers impacted by Hurricane Irma, who can accept power, by Sunday night. The estimate is the result of a full-scale damage assessment which was completed Monday night and Tuesday as an essential step to efficiently and effectively allocate resources.
The hurricane, one of the strongest and largest storms to strike Georgia in decades, brought high winds, heavy rain and flooding to every county in the state and impacted service to nearly 1 million Georgia Power customers. Damage assessment and restoration efforts started in earnest once weather conditions allowed following the storm and, by Tuesday night, more than 60 percent (590,000 customers) of Georgia Power customers impacted by the hurricane had service restored.
The company estimates that thousands of customers in some of the hardest hits parts of the state may not be able to reconnect to Georgia Power service due to extensive damage. Property owners should contact a qualified electrician to make repairs to private property prior to reconnecting to service.
Restoration Update – As of 5 a.m. Wednesday
The company continues to encourage customers to keep safety in mind throughout the restoration process:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately, 6,000 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma and the company continues to work to procure additional resources as they become available.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/statewide-damage-assessment-completed-georgia-power-should-have-95-percent-of-customers-impacted-by-hurricane-irma-restored-by-sunday-night-300518760.html
SOURCE Georgia Power
Article Date
9/13/20179/13/2017 - 10 p.m. Update: Power to 525,000 Georgia Power customers restored following Hurricane Irma
10 p.m. Update: Power to 525,000 Georgia Power customers restored following Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 12, 2017 /PRNewswire/ -- Electric service to nearly 1 million Georgia Power customers was impacted at the height of Hurricane Irma and, by the following evening, Georgia Power has restored power to more than 525,000 customers across the state. As of 10 p.m. Tuesday, approximately 425,000 customers are without power across Georgia. While the company continues to work around the clock, customers should plan ahead for the potential for extended outages, possibly days or weeks, due to the vast damage from the storm. Regional and statewide restoration estimates will be available as soon as assessment is completed.
Damage assessment following widespread destruction from Hurricane Irma is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. During assessment and restoration, Georgia Power must wait until conditions are safe for crews to begin power restoration and additional heavy rain or high winds may impact efforts. Additional challenges faced following the storm include downed trees, blocked roads and bridges that must be inspected by the state following flooding.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
Damage Update – As of 10 p.m. Tuesday
The company encourages customers to keep safety first following Hurricane Irma:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately, 6,000 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma and the company continues to work to procure additional resources as they become available.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/10-pm-update-power-to-525000-georgia-power-customers-restored-following-hurricane-irma-300518527.html
SOURCE Georgia Power
Article Date
9/13/20179/12/2017 - 6:30 p.m. Update: Power to 405,000 Georgia Power customers restored following Hurricane Irma
6:30 p.m. Update: Power to 405,000 Georgia Power customers restored following Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 12, 2017 /PRNewswire/ -- Electric service to nearly 1 million Georgia Power customers was impacted at the height of Hurricane Irma and, 24 hours later, Georgia Power has restored power to more than 405,000 customers across the state. As of 6:30 p.m. Tuesday, approximately 545,000 customers are without power across Georgia. While the company is working around the clock, customers should plan ahead for the potential for extended outages, possibly days or weeks, due to the vast damage from the storm. Regional and statewide restoration estimates will be available as soon as assessment is completed.
Damage assessment following widespread destruction from Hurricane Irma is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. During assessment and restoration, Georgia Power must wait until conditions are safe for crews to begin power restoration and additional heavy rain or high winds may impact efforts. Additional challenges faced following the storm include downed trees, blocked roads and bridges that must be inspected by the state following flooding.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
Damage Update – As of 6:30 p.m. Tuesday
The company encourages customers to keep safety first following Hurricane Irma:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately, 6,000 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma and the company continues to work to procure additional resources as they become available.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/630-pm-update-power-to-405000-georgia-power-customers-restored-following-hurricane-irma-300518402.html
SOURCE Georgia Power
Article Date
9/12/20179/12/2017 - 2:30 p.m. Update: Power to 270,000 Georgia Power customers restored following Hurricane Irma
2:30 p.m. Update: Power to 270,000 Georgia Power customers restored following Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 12, 2017 /PRNewswire/ -- Electric service to nearly 1 million Georgia Power customers was impacted at the height of Hurricane Irma and, less than 24 hours later, Georgia Power has restored power to approximately 270,000 customers across the state. As of 2:30 p.m. Tuesday, approximately 680,000 customers are without power across Georgia. While the company is working around the clock, customers should plan ahead for the potential for extended outages, possibly days or weeks, due to the vast damage from the storm. Regional and statewide restoration estimates will be available as soon as assessment is completed.
Damage assessment following widespread destruction from Hurricane Irma is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. During assessment and restoration, Georgia Power must wait until conditions are safe for crews to begin power restoration and additional heavy rain or high winds may impact efforts. Additional challenges faced following the storm include downed trees, blocked roads and bridges that must inspected by the state following flooding.
Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power.
Damage Update – As of 2:30 p.m. Tuesday
The company encourages customers to keep safety first following Hurricane Irma:
Teams in the Field
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately, 6,000 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma and the company continues to work to procure additional resources as they become available.
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/230-pm-update-power-to-270000-georgia-power-customers-restored-following-hurricane-irma-300518154.html
SOURCE Georgia Power
Article Date
9/12/20179/12/2017 - Assessment of Irma damage underway across Georgia as first phase of Georgia Power restoration efforts
Assessment of Irma damage underway across Georgia as first phase of Georgia Power restoration efforts
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 12, 2017 /PRNewswire/ -- Georgia Power damage assessment teams are currently out in communities across the state evaluating widespread destruction from Hurricane Irma as part of the company's first phase of the restoration process. Georgia Power must wait until conditions are safe for crews to begin power restoration and additional heavy rain or high winds may impact efforts. Additional challenges faced today include downed trees, blocked roads and bridges that must inspected by the state following flooding. The company advises customers that they could experience extended outages for days or weeks due to the vast damage from the storm and that regional and statewide restoration estimates will be available as soon as assessment is completed.
The company encourages customers to keep safety first following Hurricane Irma:
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company has mobilized approximately, 6,000 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma and the company continues to work to procure additional resources as they become available.
Damage Update – As of 11:30 a.m. Tuesday
Tools You Can Use
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/assessment-of-irma-damage-underway-across-georgia-as-first-phase-of-georgia-power-restoration-efforts-300518023.html
SOURCE Georgia Power
Article Date
9/12/2017Georgia Power to begin full-scale Hurricane Irma damage assessment Tuesday
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 12, 2017 /PRNewswire/ -- As Hurricane Irma clears Georgia, Georgia Power will begin its first day of full-scale damage assessment Tuesday. The company has experienced widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of the historic hurricane. Damage assessment marks the first phase of the restoration process once the storm has left impacted areas. Georgia Power must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored due to the vast damage from Hurricane Irma.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Georgia Power monitored the path of Hurricane Irma for more than a week prior to the storm entering Georgia. To complete restoration as quickly and safely as possible, the company mobilized 5,500 personnel from Georgia Power, other Southern Company operating companies and assisting utilities. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Damage Update – As of 4 a.m. Tuesday
Tools You Can Use
After the Storm Safety Tips
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-to-begin-full-scale-hurricane-irma-damage-assessment-tuesday-300517660.html
SOURCE Georgia Power
Article Date
9/12/20179/12/2017 - 10 p.m. Update: 925,000 Georgia Power customers without power Monday night due to Hurricane Irma
10 p.m. Update: 925,000 Georgia Power customers without power Monday night due to Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma continues to impact service to Georgia Power customers with severe weather expected to continue overnight. As the storm clears the state, the company has secured additional resources and is prepared to respond with nearly 5,500 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power has experienced widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update – As of 10 p.m. Monday
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/10-pm-update-925000-georgia-power-customers-without-power-monday-night-due-to-hurricane-irma-300517529.html
SOURCE Georgia Power
Article Date
9/12/20179/12/2017 - 8 p.m. Update: Hurricane Irma continues in Georgia, 950,000 customers currently without power
8 p.m. Update: Hurricane Irma continues in Georgia, 950,000 customers currently without power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma continues to impact service to Georgia Power customers across the state. The company is prepared to respond with nearly 5,500 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update – As of 8 p.m. Monday
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/8-pm-update-hurricane-irma-continues-in-georgia-950000-customers-currently-without-power-300517475.html
SOURCE Georgia Power
Article Date
9/12/2017Florida City Gas Urging Customers to Remain Safe During Hurricane Clean Up Efforts
Source: PR Newswire
MIAMI, Sept. 11, 2017 /PRNewswire/ -- While the Florida City Gas service territory is now clear of historic Hurricane Irma, we continue to implement our comprehensive emergency response plan and are currently conducting assessments of our natural gas system. The safety of the community and our employees is our highest priority and we will respond to leak and emergency calls as timely as possible.
During this time, Florida City Gas is reminding customers to remain safe as they return to their homes and begin clean up activities. We are providing the following guidelines associated with natural gas safety:
Restoring Natural Gas Service
Damage Prevention
Detecting Natural Gas Leaks
Appliance Safety
About Florida City Gas
Florida City Gas is one of seven natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Florida City Gas serves approximately 108,000 residential and commercial natural gas customers in Florida's Miami-Dade, Brevard, St. Lucie, and Indian River counties. For more information, visit floridacitygas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com.
View original content:http://www.prnewswire.com/news-releases/florida-city-gas-urging-customers-to-remain-safe-during-hurricane-clean-up-efforts-300517409.html
SOURCE Florida City Gas
Article Date
9/11/20175 p.m. Update: Hurricane Irma continues in Georgia, nearly 50 percent of Georgia Power customers without power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma continues to impact service to Georgia Power customers across the state. The company is prepared to respond with nearly 5,500 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update – As of 5 p.m. Monday
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/5-pm-update-hurricane-irma-continues-in-georgia-nearly-50-percent-of-georgia-power-customers-without-power-300517400.html
SOURCE Georgia Power
Article Date
9/11/20179/11/2017 - 3 p.m. Update: Hurricane Irma continues in Georgia, 670,000+ customers currently without power
3 p.m. Update: Hurricane Irma continues in Georgia, 670,000+ customers currently without power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma continues to impact service to Georgia Power customers across the state. The company is prepared to respond with approximately 3,400 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/3-pm-update-hurricane-irma-continues-in-georgia-670000-customers-currently-without-power-300517291.html
SOURCE Georgia Power
Article Date
9/11/20179/11/2017 - 1 p.m. Update: Hurricane Irma continues in Georgia, 410,000+ customers currently without power
1 p.m. Update: Hurricane Irma continues in Georgia, 410,000+ customers currently without power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma arrived in Georgia overnight and is already impacting service to Georgia Power customers. The company is prepared to respond with approximately 3,400 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/1-pm-update-hurricane-irma-continues-in-georgia-410000-customers-currently-without-power-300517178.html
SOURCE Georgia Power
Article Date
9/11/20179/11/2017 - 11 a.m. Update: Hurricane Irma continues in Georgia, 300,000+ customers currently without power
11 a.m. Update: Hurricane Irma continues in Georgia, 300,000+ customers currently without power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma arrived in Georgia overnight and is already impacting service to Georgia Power customers. The company is prepared to respond with approximately 3,400 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/11-am-update-hurricane-irma-continues-in-georgia-300000-customers-currently-without-power-300517112.html
SOURCE Georgia Power
Article Date
9/11/2017Hurricane Irma enters Georgia, 180,000+ customers already without power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- Hurricane Irma arrived in Georgia overnight and is already impacting service to Georgia Power customers. The company is prepared to respond with approximately 3,400 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before travelling to Georgia.
Damage Update
Tools You Can Use
After the Storm Safety Tips
Georgia Power Power Plants
Georgia Power's electric generating plants remain operational to serve customers, even during severe weather. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
Georgia Power Family Services
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/hurricane-irma-enters-georgia-180000-customers-already-without-power-300516993.html
SOURCE Georgia Power
Article Date
9/11/2017Georgia Power mobilizes 3,400 personnel to respond to Hurricane Irma
Source: PR Newswire
ATLANTA, Sept. 10, 2017 /PRNewswire/ -- As Hurricane Irma approaches Georgia, Georgia Power is prepared to respond with approximately 3,400 personnel from the company, other Southern Company operating companies and assisting utilities identified and ready to restore power as quickly and safely as possible following the storm. All of Georgia Power's resources are being held and dedicated to storm restoration efforts in the state following Hurricane Irma.
Georgia Power expects widespread, extensive damage due to high winds, heavy rain and fallen trees as a result of Hurricane Irma and customers are encouraged to prepare now. Once the storm leaves affected areas, the company must wait until conditions are safe for damage assessment teams to enter the field and begin the restoration process, followed by repair crews, which could take several days, if not weeks, depending on the amount of damage and safe access to the area. As weather conditions improve, restoration efforts will accelerate, but it could take an extended period of time for all customers to be restored.
When severe weather strikes, Georgia Power has access to additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers nationwide. Additionally, Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country, and the company is able to tap into reinforcements when needed to restore power to Georgia customers following a storm. While the company has contacted and requested aid through the mutual assistance network, resources have been assigned to harder-hit areas in Florida first before traveling to Georgia.
To help its employees focus on safely restoring power for customers and relieve concerns about their own families, Georgia Power has also activated its Family Services volunteers, who are preparing to deploy to areas impacted by Hurricane Irma in anticipation of employee assistance requests. Family Services is supported by employee volunteers who are not involved with storm restoration.
Prepare Before the Storm
The company also urges customers to complete their preparations before the weather deteriorates. Tips from Georgia Power to prepare before the storm:
Tools You Can Use
Georgia Power Power Plants
Georgia Power's electric generating plants are also prepared for Hurricane Irma. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/georgia-power-mobilizes-3400-personnel-to-respond-to-hurricane-irma-300516827.html
SOURCE Georgia Power
Article Date
9/11/2017Preparation before the storm key to minimizing damage from Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 10, 2017 /PRNewswire/ -- With tropical storm weather conditions expected across Georgia in the coming days, Georgia Power encourages customers to take proactive steps before severe weather strikes to ensure they are prepared to stay safe and minimize damage. The company has mobilized restoration teams and is prepared to respond to Hurricane Irma as quickly and safely as possible with additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers.
Tips from Georgia Power to prepare before the storm:
Tools You Can Use
Georgia Power's electric generating plants are also prepared for Hurricane Irma. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
The Mutual Assistance Network
Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country. As part of this partnership, Georgia Power line crews provide assistance to other utilities when service to their customers is interrupted due to severe weather and have travelled as far away as New York to assist with restoration following Superstorm Sandy and New Orleans following Hurricane Katrina. Georgia Power is also able to tap into reinforcements when needed to restore power quickly to Georgia customers. The company is holding all Georgia Power resources in Georgia in advance of Hurricane Irma and is in touch with other mutual assistance network utilities to ensure coordination and access to additional resources if needed following the storm.
Just last year, Hurricane Matthew, one of the strongest, most destructive hurricanes to hit the Georgia coast in more than a century, broke or damaged approximately 1,000 power poles and more than 3,500 trees brought down nearly 120 miles of wire along the Georgia coast. Georgia Power restored power to more than 338,000 customers impacted by Hurricane Matthew quickly and safely by fully deploying company resources and leveraging the mutual assistance network in the week following the storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
View original content with multimedia:http://www.prnewswire.com/news-releases/preparation-before-the-storm-key-to-minimizing-damage-from-hurricane-irma-300516785.html
SOURCE Georgia Power
Article Date
9/10/2017Stay safe and informed during Hurricane Irma with tools, resources from Georgia Power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 9, 2017 /PRNewswire/ -- With Hurricane Irma expected to make landfall in South Florida over the next 24 hours, Georgia Power continues to monitor the changing forecast and plan for all potential scenarios. The company has mobilized restoration teams and is prepared to respond to this storm as quickly and safely as possible with additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers.
Georgia Power encourages customers to stay safe and informed during Hurricane Irma by using a variety of free tools and resources available:
Georgia Power's electric generating plants are also prepared for Hurricane Irma. Power plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure and incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans. Safety systems at U.S. nuclear plants, including Georgia's Plants Vogtle and Hatch, are designed to withstand significant hazard events, including hurricane force winds and flooding. Read more here.
The Mutual Assistance Network
Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country. As part of this partnership, Georgia Power line crews provide assistance to other utilities when service to their customers is interrupted due to severe weather and have travelled as far away as New York to assist with restoration following Superstorm Sandy and New Orleans following Hurricane Katrina. Georgia Power is also able to tap into reinforcements when needed to restore power quickly to Georgia customers. The company is holding all Georgia Power resources in Georgia in advance of Hurricane Irma and is in touch with other mutual assistance network utilities to ensure coordination and access to additional resources if needed following the storm.
Just last year, Hurricane Matthew, one of the strongest, most destructive hurricanes to hit the Georgia coast in more than a century, broke or damaged approximately 1,000 power poles and more than 3,500 trees brought down nearly 120 miles of wire along the Georgia coast. Georgia Power restored power to more than 338,000 customers impacted by Hurricane Matthew quickly and safely by fully deploying company resources and leveraging the mutual assistance network in the week following the storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/9/2017Georgia Power generation facilities prepared for Hurricane Irma
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 8, 2017 /PRNewswire/ -- Georgia Power's power plants statewide are prepared to maintain safe generation of energy for millions of customers across the state during and following Hurricane Irma. In addition, the company is prepared to respond to power outages that may occur due to the storm as quickly and safely as possible with additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers.
Electric generating plants, including coal, natural gas and nuclear plants, are built to be robust and highly secure. Power plants incorporate multiple layers of protection including structural strength, highly trained operators and security forces, and proven emergency plans.
U.S. nuclear plants' safety systems are designed to withstand significant hazard events, including hurricane force winds and flooding. Georgia's two nuclear plants, Plant Vogtle near Waynesboro and Plant Hatch near Vidalia, are equipped with numerous redundant safety systems to prevent or respond to emergencies, including backup power resources such as DC battery banks and diesel generators. Plants Vogtle and Hatch also feature onsite FLEX domes which are designed to withstand an earthquake, a direct hit by a tornado, or airborne flying objects during severe weather. The FLEX domes house portable generators, pumps, communication equipment, refueling equipment, and other resources that might be needed if the power supply to the plant were interrupted for an extended period of time. Additionally, both plants have comprehensive emergency preparedness plans in place developed in accordance with federal requirements by the Nuclear Regulatory Commission and other oversight agencies.
At the construction site of the two new nuclear units at Plant Vogtle, teams are conducting walk downs of the site to identify and secure potential hazards that could result from heavy winds. Crane booms are being lowered, pumps have been delivered to help mitigate flooding in critical areas, and weather plans are in place to ensure the site and employees remain safe before, during and after the storm.
The Mutual Assistance Network
Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country. As part of this partnership, Georgia Power line crews provide assistance to other utilities when service to their customers is interrupted due to severe weather and have travelled as far away as New York to assist with restoration following Superstorm Sandy and New Orleans following Hurricane Katrina. Georgia Power is also able to tap into reinforcements when needed to restore power quickly to Georgia customers. The company is holding all Georgia Power resources in Georgia in advance of Hurricane Irma and is in touch with other mutual assistance network utilities to ensure coordination and access to additional resources if needed following the storm.
Just last year, Hurricane Matthew, one of the strongest, most destructive hurricanes to hit the Georgia coast in more than a century, broke or damaged approximately 1,000 power poles and more than 3,500 trees brought down nearly 120 miles of wire along the Georgia coast. Georgia Power restored power to more than 338,000 customers impacted by Hurricane Matthew quickly and safely by fully deploying company resources and leveraging the mutual assistance network in the week following the storm.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/8/2017Georgia Power offers electrical safety tips for Hurricane Irma evacuees
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 8, 2017 /PRNewswire/ -- With Hurricane Irma expected to bring heavy rains and high winds to Georgia in the coming days, Georgia Power continues to monitor the changing weather around the clock and mobilize crews. The company is prepared to respond to this storm as quickly and safely as possible with additional resources available as part of the Southern Company system, which includes multiple electric and gas companies serving more than 9 million customers.
On Thursday afternoon, Governor Nathan Deal issued a mandatory evacuation order for all areas east of I-95 and other parts of Georgia's coast. Georgia Power wants to assure customers that it is not the company's procedure to disconnect power as part of mandatory evacuations.
Georgia Power also reminds customers to keep safety first during severe weather and offers the following tips for Georgians evacuating prior to Hurricane Irma.
Tools You Can Use
The Mutual Assistance Network
Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country. As part of this partnership, Georgia Power line crews provide assistance to other utilities when service to their customers is interrupted due to severe weather and have travelled as far away as New York to assist with restoration following Superstorm Sandy and New Orleans following Hurricane Katrina. Georgia Power is also able to tap into reinforcements when needed to restore power quickly to Georgia customers. The company is holding all Georgia Power resources in Georgia in advance of Hurricane Irma and is in touch with other mutual assistance network utilities to ensure coordination and access to additional resources if needed following the storm.
Just last year, Hurricane Matthew, one of the strongest, most destructive hurricanes to hit the Georgia coast in more than a century, broke or damaged approximately 1,000 power poles and more than 3,500 trees brought down nearly 120 miles of wire along the Georgia coast. Georgia Power restored power to more than 338,000 customers impacted by Hurricane Matthew quickly and safely by fully deploying company resources and leveraging the mutual assistance network in the week following the storm.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
9/8/2017Alabama Power announces redemption of preferred and preference stock
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Sept. 8, 2017 /PRNewswire/ -- Alabama Power Company today announced that it issued a notice of redemption for the following series of preferred and preference stock:
The redemption date for each of the above series of preferred and preference stock will be October 11, 2017. The redemption price per share for each series of preferred and preference stock to be redeemed shall be as follows:
Regular dividends on the preferred and preference stock being redeemed are payable October 1, 2017 to each holder of record on September 15, 2017. No dividends on the preferred and preference stock being redeemed will accrue on or after the redemption date, nor will any interest accrue on amounts held to pay the redemption price.
Questions relating to this redemption and requests for copies of the notice of redemption should be directed to Wells Fargo Shareowner Services at 1-800-468-9716.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
9/8/2017Georgia Power, U.S. Fish & Wildlife Service and Georgia DNR partner to protect mollusks of the Altamaha River Basin
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 31, 2017 /PRNewswire/ -- Georgia Power announced today a new partnership with the U.S. Fish and Wildlife Service and the Georgia Department of Natural Resources (DNR) during a special event at the Georgia Wildlife Federation facility in Covington, Georgia. The partnership centers on a 30-year Candidate Conservation Agreement (CCA) which provides protection for mollusks of the Altamaha River Basin.
The at-risk species in this agreement are facing a variety of potential environmental threats. The species include four freshwater mussels (Delicate Spike, Altamaha Arcmussel, Inflated Floater, Savannah Lilliput) and one snail (Reverse Pebblesnail). Under the CCA, Georgia Power and Georgia DNR will provide assistance, including personnel and equipment, that will aid in research and enhance the U.S. Fish and Wildlife Service's understanding of the distribution and ecology of the species. Conservation measures in this agreement should reduce those threats thereby helping to preserve Georgia's biodiversity and improve water quality and mollusks' intricate link in aquatic ecosystem health.
"Georgia's lakes, rivers and streams are home to many diverse and vibrant ecosystems and proactive, long-term research is essential to making sure that we have the right tools and programs in place to keep them healthy for future generations," said Dr. Mark Berry, vice president of Environmental Affairs for Georgia Power. "We're excited to enter this new partnership with Georgia DNR and U.S. Fish & Wildlife, which builds on our longstanding commitment to protect our state's natural resources and take care of the state we call home."
"Through the power of partnerships, we're able to focus on conserving the species that need our help," said Rusty Garrison, DNR Wildlife Resources Division director.
The CCA fits the Wildlife Resources Division's mission and Georgia's State Wildlife Action Plan, a strategy created by DNR and partners - including Georgia Power and the Fish and Wildlife Service - to conserve native wildlife and natural habitats.
"Partnerships work best," said Leopoldo "Leo" Miranda, Assistant Regional Director for Ecological Services for the Service. "This agreement is the latest proof of a growing partnership ethic across this region that makes common-sense conservation possible and reduces the impact of regulations."
Georgia Power's efforts to preserve the state's waterways include regular volunteer river and lake cleanups around the state throughout the year. Since 2003, Georgia Power employees and other volunteers statewide have removed more than 2 million pounds of trash from lakes and rivers through company programs. In addition, Georgia Power works to find new technologies to reduce, conserve and improve the quality of water returned to the environment from power plants. Through a partnership with other utilities and the Electric Power Research Institute (EPRI), the company continues to conduct innovative research projects at its Water Research Center at Plant Bowen near Cartersville, Georgia. Research is focused on wastewater treatment to conserve and reuse water more efficiently. To learn more, visit www.georgiapower.com/environment.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About the U.S. Fish and Wildlife Service
The mission of the U.S. Fish and Wildlife Service is working with others to conserve, protect, and enhance fish, wildlife, plants, and their habitats for the continuing benefit of the American people. We are both a leader and trusted partner in fish and wildlife conservation, known for our scientific excellence, stewardship of lands and natural resources, dedicated professionals, and commitment to public service. For more information on our work and the people who make it happen, visit www.fws.gov.
For more information on our work and the people who make it happen, visit http://www.fws.gov/. Connect with our Facebook page, follow our tweets, watch our YouTube Channel and download photos from our Flickr page.
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SOURCE Georgia Power
Article Date
8/31/2017Georgia Power files recommendation to complete construction of Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 31, 2017 /PRNewswire/ -- Georgia Power today filed a recommendation with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion near Augusta, Georgia. The project's co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities, all support the recommendation. The recommendation is based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment. The Georgia PSC is expected to review the recommendation and make a decision regarding the future of the Vogtle 3 & 4 project as part of the 17th Vogtle Construction Monitoring (VCM) proceeding.
"Completing the Vogtle 3 & 4 expansion will enable us to continue delivering clean, safe, affordable and reliable energy to millions of Georgians, both today and in the future," said Paul Bowers, chairman, president and CEO of Georgia Power. "The two new units at Plant Vogtle will be in service for 60 to 80 years and will add another low-cost, carbon-free energy source to our already diverse fuel mix."
Based on all factors considered, completing both units represents the most economic choice for customers and preserves the benefits of carbon-free, baseload generation. Assessments of the project included robust economic analyses; evaluation of various alternatives including abandoning one or both units or converting the units to gas-fired generation; and assumptions related to potential risks including future payments from Toshiba, availability of production tax credits and extension of loan guarantees from the Department of Energy (DOE). The latter two benefits were prescribed in the Energy Policy Act of 2005.
Georgia Power expects Vogtle Unit 3 will reach commercial operation in November 2021 and Unit 4 in November 2022. The total rate impact of the project remains less than the original estimate, after including anticipated customer benefits from federal production tax credits, interest savings from loan guarantees from the DOE and the fuel savings of nuclear energy. Once the project is on line, the company should still be able to offer retail rates below the national average with the additional long-term benefits from this new source of clean and reliable energy.
"Since the beginning of the Vogtle expansion, we have worked to minimize the impact of this critical project on customers' monthly bills and, even as we assessed our options of whether or not to continue the project, our focus has been to ensure long-term value," added Bowers. "Today, the total cost of electricity from Georgia Power is significantly below the national average, and when the project is completed, we expect that the new units will help keep energy bills competitive."
Georgia Power, which owns 45.7 percent of the new units, has invested approximately $4.3 billion in capital costs in the project through June 2017 and estimates that its cost to complete the project is approximately $4.5 billion, for a total Georgia Power capital cost forecast of approximately $8.8 billion. The Georgia PSC has already approved $5.68 billion in capital costs for Georgia Power's share of the project. With $1.7 billion in anticipated payments from Toshiba, the company's potential additional capital costs are approximately $1.4 billion. Based on the new assessments, the total estimated capital cost forecast for 100 percent of the project is approximately $19 billion.
Progress Continues at Construction Site
Georgia Power and the Vogtle project's other co-owners responded to the March 29 Westinghouse bankruptcy quickly, effectively and to the benefit of customers by protecting customers' investments to date in the Vogtle expansion and ensuring that progress continued uninterrupted.
Georgia Power also announced today that it has contracted with global engineering, construction and project management firm Bechtel to manage daily construction efforts. Bechtel will work under the direction of Southern Nuclear, the Southern Company subsidiary which operates the existing units at Plant Vogtle.
"We have seen a marked increase in productivity throughout this year, with the best improvement being the most recent improvement, and our experience provides every indication that we can do a better job than Westinghouse alone as we move forward to complete the project," said Bowers. "Since Southern Nuclear assumed control of the site from Westinghouse at the end of July, momentum has accelerated with a consistent focus on safe, high-quality construction. We expect this trend to continue with Bechtel."
The new units at Plant Vogtle will be the first in the United States to use Westinghouse AP1000 technology, one of the most advanced and safest nuclear designs in the world. Westinghouse remains on-site providing engineering, procurement and licensing support, as well as access to intellectual property needed for the project.
The construction of the new Vogtle units is driving thousands of American jobs and will create nearly 800 new nuclear careers once operational, including careers for many veterans of the armed services. More than 6,000 workers from across the country remain on-site today working to complete the nation's first new nuclear units in 30 years.
Recent milestones include:
New photos of progress at the construction site are available each month in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule and cost of completion for Plant Vogtle Units 3 and 4 and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee; the impact of any failure to extend the in-service deadline for federal production tax credits; the impact of any failure to amend the DOE loan guarantee to allow for additional borrowings; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of DOE loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/31/2017Georgia Power's ash pond closure methods focus on protecting Georgia's water quality
Source: PR Newswire
ATLANTA, Aug. 28, 2017 /PRNewswire/ -- Georgia Power announced today that efforts to dewater its ash ponds are well underway, marking the next step in the safe and permanent closure of 29 ash ponds at 11 active and retired power generation sites across the state. The company's comprehensive and customized dewatering process treats the water removed from the ash ponds to ensure that it meets the requirements of each plant's wastewater discharge permits approved by the Georgia Environmental Protection Division (EPD) and is protective of applicable water quality standards.
"As we progress through our ash pond closures, protecting water quality in our state's waterways is as important to us as it is to our customers," said Aaron Mitchell, general manager of Environmental Affairs for Georgia Power. "Our ash pond closure and dewatering plans are in compliance with all environmental regulations. In addition, we have invested in appropriate water treatment systems for each location to ensure that our dewatering process is protective of Georgia's lakes and rivers."
Georgia Power's dewatering process for each site will follow a series of clearly defined steps:
Ash Pond Closure Progress
As part of its efforts to permanently close its ash ponds, Georgia Power is removing all coal ash from 17 ash ponds located adjacent to lakes or rivers and using advanced engineering methods and technologies to close the remaining 12 ash ponds in place. The company is on track to cease operations of all its ash ponds, and complete the ongoing construction work needed to accommodate dry handling of ash at its coal-fired generation facilities, in 2019. Three ash ponds at Plants Kraft, Branch and McDonough have been completely excavated and construction activities are in progress at 8 other ash ponds.
In addition to protecting surface waters such as lakes and rivers through comprehensive and customized dewatering processes, the company is also actively monitoring groundwater quality at its facilities. Georgia Power's groundwater monitoring program includes the following elements:
The company has collected results from five of eight rounds of groundwater testing conducted at its first phase of plants through March 2017. Testing results for this time period have been posted on Georgia Power's website and will be reported to Georgia EPD. The company expects to complete all eight rounds of background monitoring for its first phase of plants in October 2017. A complete report providing a full analysis and data interpretation of these results will be provided to Georgia EPD and posted to Georgia Power's website in January 2018.
Georgia Power delivers clean, safe, reliable and affordable energy through a diverse generation mix, which includes renewable energy, such as wind and solar, along with natural gas, nuclear and coal-fired generation. Over the last five years, Georgia Power has safely retired or fuel-switched approximately 4,000 MW of coal and oil-fired generation and the company's coal-fired generation capacity is nearly half of what it was in 2005. Approximately 50 percent of the coal ash Georgia Power produces today is recycled for various uses such as Portland cement, concrete, and cinder blocks.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/28/2017Southern Company Donates to American Red Cross for Hurricane Harvey Relief and establishes employee and retiree matching program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 28, 2017 /PRNewswire/ -- Southern Company announced today that the Southern Company Charitable Foundation will donate $100,000 to the American Red Cross to aid Hurricane Harvey relief efforts. In addition, the company has established a donation matching program for employee and retiree contributions.
The donations are aimed at helping those communities affected by the widespread storm and flood damage throughout Texas and the Gulf Coast.
"Southern Company is proud to support the response and recovery efforts of the American Red Cross for those impacted by Hurricane Harvey," said Southern Company Chairman, President and CEO Thomas A. Fanning. "As citizens wherever we serve, we are committed to supporting the communities devastated by this catastrophic storm."
In addition to helping our customers, our neighbors and our communities affected by Hurricane Harvey, Southern Company will provide emergency support to employees impacted by the storm.
Southern Company will continue to monitor the situation in Texas and surrounding areas closely and will remain engaged with the American Red Cross and other partners.
We stand prepared to send personnel to Texas and Louisiana to help crews there restore service to customers impacted by Hurricane Harvey as needed.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/28/2017Atlantic Coast Pipeline announces initiative to establish new pollinator habitats along proposed pipeline route
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
RICHMOND, Va., Aug. 24, 2017 /PRNewswire/ -- In a video released today, Atlantic Coast Pipeline, LLC announced an initiative to establish new habitats for butterflies, bees and other pollinator insects along the route of the proposed Atlantic Coast Pipeline.
Pollinators are essential to the production of many of the fruits and vegetables we eat daily. However, pollinator populations, particularly bees and butterflies, have sharply declined in recent years due to the loss of suitable habitat. The Pollinator Habitat Initiative will create hundreds of acres of new pollinator habitat by replanting the Atlantic Coast Pipeline right of way with native grasses and wildflowers that attract the species.
The project has identified 750 acres of suitable locations along roughly 50 miles of the proposed pipeline route, with the most suitable locations found in flatter areas in southern Virginia and eastern North Carolina. Dozens of native seed mixes have been developed for the program, including native grasses such as Little Bluestem and Beaked Panicum, and wildflowers such as Partridge Pea and Black-Eyed Susan. The program is voluntary and will be implemented with the approval and input of participating landowners.
"Utility corridors offer ideal habitats for all kinds of wildlife, but especially the pollinators that are so essential for food production," said Pamela Faggert, Dominion Energy's Chief Environmental Officer and Senior Vice President, Sustainability. "This initiative builds on the more than 43,000 acres of pollinator habitats Dominion Energy has created along our electric transmission and distribution rights of way. We're excited to build on that progress and continue doing our part to improve our region's natural environment."
In developing the program, the project consulted with a number of wildlife experts, including Bob Glennon, a private lands biologist for Virginia Tech's Conservation Management Institute. "By replanting the pipeline right of way with pollinator habitats, as opposed to mowed grasses, we'll be creating hundreds of acres of new habitat for these species that we otherwise wouldn't have," said Glennon. "I couldn't think of a more environmentally beneficial use of these spaces, and I'm very proud to be a part of it."
One of the participating landowners is Ward Burton, founder and president of the Ward Burton Wildlife Foundation. Two of the Foundation's parcels are crossed by the pipeline in southern Virginia and have been selected for the initiative. "As a lifelong conservationist, I couldn't be more excited to participate in this program," said Burton. "Not only will it be beneficial for the pollinators, but it's also going to create new habitats for other wildlife like quail, turkey and songbirds. I see this as a really creative way to not just restore the right of way, but actually enhance its environmental value beyond what it was when we started."
For more information about the Atlantic Coast Pipeline Pollinator Habitat Initiative, please visit https://atlanticcoastpipeline.com/pollinator.aspx.
Atlantic Coast Pipeline, LLC is composed of four major U.S. energy companies – Dominion Energy, Duke Energy, Piedmont Natural Gas and Southern Company Gas. The joint venture partners plan to build and own the Atlantic Coast Pipeline, a proposed 600-mile underground natural gas transmission pipeline that would help meet the growing energy needs of public utilities in Virginia and North Carolina to generate cleaner electricity, heat homes and power local businesses.
About Dominion Energy
Dominion Energy (NYSE: D) is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company's website at www.dominionenergy.com.
About Duke Energy
Headquartered in Charlotte, N.C., Duke Energy (NYSE: DUK) is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States. Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.
About Piedmont Natural Gas
Piedmont Natural Gas, a North Carolina corporation, is an energy services company whose principal business is the distribution of natural gas to more than a million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee. Piedmont provides a foundation for establishing a broader strategic natural gas infrastructure platform within Duke Energy to supplement and complement the previous natural gas pipeline investments and the natural gas business located in the Midwest. Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at www.southerncompanygas.com.
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SOURCE Dominion Energy
Article Date
8/24/2017Southern Company and partners announce 2017 Gulf Coast Conservation grants
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 23, 2017 /PRNewswire/ -- Southern Company, along with the National Fish and Wildlife Foundation (NFWF) and other public and private partners, has announced the 2017 national grants under the Gulf Coast Conservation Grant Program (GCCGP). Southern Company-sponsored grants help fund projects that restore and maintain the ecology of coastal bird species across Mississippi, Alabama and Florida.
The following organizations have been awarded GCCGP grants supported by Southern Company's Power of Flight Program:
Wildlife Mississippi will place 80 acres of grassland in Jackson County, Miss., under permanent conservation easement. The project will protect an agricultural property that provides important habitat for the critically endangered Mississippi sandhill crane and is currently used by up to nine cranes, which is seven percent of the wild population, for foraging and raising colts.
The Southeastern Association of Fish and Wildlife will promote water conservation best management practices on 6,000 acres of agricultural lands within the Apalachicola-Chattahoochee-Flint (ACF) River basin. The project will protect flow to benefit habitat for six federally listed mussel species, gulf sturgeon and a host of other endemic species native to the Chipola River and ACF basin.
"We believe in being a good steward wherever we serve and our support of the Gulf Coast Conservation Grant Program is one of the many ways we are doing that," said Southern Company Environmental and System Planning Vice President Jeff Burleson. "Through the Power of Flight Program, we are helping to conserve critical bird species and improve the Gulf Coast's ecosystem, which is inextricably tied to the health of our coastal economy and tourism."
The GCCGP supports a variety of conservation projects that focus on enhancing coastal habitats and bolstering priority fish and wildlife populations along the Gulf of Mexico. Southern Company and NFWF have partnered through the Power of Flight Program since 2003, which has restored or enhanced more than 478,000 acres of high-priority habitat for bird species, including red-cockaded woodpecker, northern bobwhite quail, whooping crane, coastal waterbirds and shorebirds, and other imperiled species. To date, 89 Power of Flight-supported projects have been implemented across the Southeast in states where Southern Company's electric-utility subsidiaries are located.
"Successful conservation programs operating at this scale wouldn't be possible without bringing together the public and private sectors," said Jeff Trandahl, executive director and CEO at NFWF. "Innovative partnerships like these drive the overall success of the Gulf Coast Conservation Grant Program, which in turn ensures that critical on-the-ground conservation work gets done throughout the Gulf Coast."
In addition to Southern Company and NFWF, other public-private partners include Shell Marine & Wildlife Habitat Program, the U.S. Department of Agriculture's Natural Resources Conservation Service and others.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/23/2017FLASH SALE - Solar eclipse deals on Georgia Power Marketplace
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 21, 2017 /PRNewswire/ -- Georgia Power is offering special deals on Georgia Power Marketplace to celebrate the first total eclipse in decades on August 21 and 22. Free shipping is available for orders over $49. The Marketplace will feature limited-time-only deals on the most popular energy saving and smart-home products, which include:
Georgia Power Marketplace is a convenient online portal that simplifies the rebate process for Georgia Power residential customers. Making the right technology and energy choices is easy on Georgia Power Marketplace with live chat and customer support for online shoppers, as well as buyers' guides for a variety of products that can help customers determine which one is right for them.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step-by-step instructions for the do-it-yourselfer energy savers are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/21/20178/17/2017 - Georgia Power to highlight impact of solar eclipse on solar generation during Facebook Live event August 21
Georgia Power to highlight impact of solar eclipse on solar generation during Facebook Live event August 21
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 17, 2017 /PRNewswire/ -- Millions of Georgians are anticipating the first significant solar eclipse to cross the state in more than 30 years and, to illustrate the real-time nature of solar generation, the company invites energy fans to tune in to a special Facebook Live event at Facebook.com/GeorgiaPower on August 21. Beginning at 1 p.m., fans will get an unprecedented look at how the eclipse will affect solar generation from the company's solar research and demonstration project at its Atlanta headquarters. As solar continues to grow, Georgia Power customers can expect continued reliable service thanks to the company's diverse, flexible generation mix including solar, as well as nuclear, natural gas and other sources.
"Georgia's energy planning process focuses on ensuring that our generation resources are balanced and optimal to keep reliability high and rates as low as possible," said Greg Roberts, vice president of pricing and planning for Georgia Power. "While we continue to work to bring cost-effective solar energy to our state, including researching new technologies such as battery storage, this eclipse offers an exciting opportunity to observe how solar generation responds to a unique astronomical event."
Georgia Power was ranked in the Top 5 nationally for solar connected to the grid in 2016 and is adding millions of solar panels to Georgia's energy landscape. Solar growth in Georgia continues thanks to new programs developed with and approved by the Georgia Public Service Commission (PSC). Most recently, the Georgia PSC approved the 2016 Integrated Resource Plan, which includes the addition of up to 1,600 MW* of renewable capacity, including solar, wind and biomass, through 2021.
This spring, Georgia Power announced plans to build a 139-MW solar facility at Robins Air Force Base near Macon, its largest to date. Additionally, the company's 150-plus MW of large-scale solar facilities at other Georgia military bases includes projects with the U. S. Army at Fort Benning, Fort Gordon and Fort Stewart and with the Department of the Navy at SUBASE Kings Bay and Marine Corps Logistics Base Albany.
Georgia Power offers a variety of resources and tools for customers to help them determine if solar is right for them, including an interactive solar calculator, as well as solar energy experts available for one-on-one consultations. Learn more at www.georgiapower.com/solar.
* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/17/20178/16/2017 - First steam generator placed for Vogtle Unit 3
First steam generator placed for Vogtle Unit 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 16, 2017 /PRNewswire/ -- Georgia Power announced today that the first steam generator has been placed at the Vogtle nuclear expansion near Waynesboro, Georgia. The 1.4 million-pound steam generator was lifted into the Unit 3 nuclear island on Tuesday and marks the first major lift under the recently finalized service agreement with Westinghouse which places Southern Nuclear in charge of oversight activities at the construction site. Southern Nuclear is the Southern Company subsidiary which operates the existing units at Plant Vogtle.
Steam generators, measuring nearly 80 feet long, are heat exchangers used to convert water into steam using the heat produced in a nuclear reactor core. Each new AP1000 unit at Plant Vogtle requires two steam generators, all of which are currently onsite. The steam generators for the new units were fabricated in South Korea and transported to the site via the Port of Savannah and then via rail.
Following the Westinghouse bankruptcy filing on March 29, construction momentum has continued uninterrupted. In addition to Tuesday's placement, other recent progress includes the placement of the first of four 85,000 pound accumulator tanks for the new units, as well as the KQ22 and KQ23 modules, all within the Unit 3 containment vessel. View the latest photos of progress at the construction site in the Plant Vogtle 3 & 4 Online Photo Gallery.
The new nuclear units at Plant Vogtle are the first to be built in the United States in more than 30 years. Georgia Power owns 45.7 percent of the new units, with the project's other Georgia-based co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities.
Georgia Power continues efforts to complete its comprehensive schedule and cost-to-complete assessment, as well as cancellation cost assessment, for the Vogtle nuclear expansion by the end of the month. The final recommendation is expected to be filed with the Georgia Public Service Commission (PSC) as part of the 17th Vogtle Construction Monitoring (VCM) Report. Once submitted, Georgia Power will work with the Georgia PSC to determine the best path forward for customers
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected timing of Georgia Power's recommendation and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the construction of Plant Vogtle Units 3 and 4; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/16/20178/16/2017 - Equinix to Install Largest Deployment of Fuel Cells for the Colocation Data Center Industry
Equinix to Install Largest Deployment of Fuel Cells for the Colocation Data Center Industry
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
REDWOOD CITY, Calif., Aug. 16, 2017 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the signing of a 15-year Power Purchase Agreement (PPA) between a subsidiary of Southern Company and Equinix in which Bloom Energy fuel cells will be installed at 12 International Business ExchangeTM (IBX®) data centers in the U.S. The project will provide a total capacity of more than 37 megawatts of power with a phased installation that begins in late 2017 through 2019.
The new project will install fuel cells at seven Equinix IBX data centers in the Silicon Valley (SV1, SV2, SV3, SV4, SV5, SV6, SV10), three in the New York area (NY2, NY4, NY5) and two in the Los Angeles area (LA3, LA4). It builds on the pilot program at Equinix's Silicon Valley SV5 IBX data center that began in 2015.
This investment is a key milestone in Equinix's corporate sustainability program which focuses on making a positive impact on the company's employees, the communities in which it operates and the environment.
The project is financed through Southern Company and reflects a strategic partnership between Bloom Energy and Southern Company to support on-site fuel cell solutions.
Highlights / Key Facts
Quotes
Additional Resources
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 44 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.
About Bloom Energy
Bloom Energy is a provider of breakthrough solid oxide fuel cell technology generating clean, highly efficient onsite power from multiple fuel sources. Founded in 2001 with a mission to make clean, reliable energy affordable for everyone in the world, Bloom Energy Servers are currently producing power for many Fortune 500 companies including Google, Wal-Mart, AT&T, eBay, Staples, The Coca-Cola Company, as well as notable non-profit organizations such as Caltech and Kaiser Permanente. Also, with its Mission Critical Systems practice, Bloom Energy provides grid-independent power for critical loads in data centers and manufacturing. The company is headquartered in Sunnyvale, California. For more information, visit www.bloomenergy.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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SOURCE Equinix, Inc.
Article Date
8/16/2017Finding an Authorized Payment Location now as easy as texting GPPay to 99123
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 15, 2017 /PRNewswire/ -- Georgia Power has made it even easier to find a place to pay in person at thousands of Authorized Payment Locations (APLs) in retail and grocery stores across the state. The company's new text-to-find feature allows customers to text GPPay to 99123 from any web-enabled mobile device to instantly receive a link to the Online Customer Care payment locator which will help them locate the nearest APL.
"We continue to introduce products and services that make doing business with Georgia Power simple and convenient," said Louise Scott, vice president of customer service for Georgia Power. "Every day, we know that thousands of our customers need to find time in their very busy schedules to make a payment and this text-to-find tool lets them find a place to pay quickly and easily wherever they may travel throughout Georgia."
To encourage customers to consider making a payment at a Georgia Power APL, the company is also hosting the 2017 Georgia Power APL Sweepstakes*. Simply pay your Georgia Power bill at an APL anytime in 2017 and be entered for a chance to win $100 Walmart gift card each month through the end of the year.
APLs, including retailers such as Kroger, Walmart and Publix, offer secure, immediate posting of customer payments located in every corner of the state. APLs also offer flexible hours including evenings and weekends. In addition to the APL in-person payment option, Georgia Power recently introduced a new service, Georgia Power CheckOut™, a unique barcode placed on the back of Georgia Power bills, which allows customers to pay at more than 50,000 Dollar General, Family Dollar and Speedway stores across the country. To learn more, visit GeorgiaPower.com/WaystoPay.
No purchase necessary to enter. Entry limited to Georgia Power customers in good standing must be 18+ and GA legal resident. Monthly entry periods from 7/1/2017 through 12/31/2017. Full rules available at https://www.georgiapower.com/residential/pdf/Georgia-Power_APL-Sweepstakes-Official-Rules.pdf.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/15/2017Southern Company and partners award 10 longleaf conservation grants
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 15, 2017 /PRNewswire/ -- Southern Company, in partnership with the National Fish and Wildlife Foundation and other public and private partners, have awarded over $5.5 million in grants to 24 community-led projects that will support, restore and enhance the longleaf ecosystem. The grants include $2.2 million in funding for 10 projects across Alabama, Georgia, Florida and Mississippi, which are home to Southern Company's retail electric-utility subsidiaries. These projects are also strategically-located for longleaf pine conservation in areas including military bases, national forests and national wildlife areas.
The grants are a part of NFWF's Longleaf Stewardship Fund, a landmark public-private partnership that includes the U.S. Department of Agriculture's Natural Resources Conservation Service, the U.S. Forest Service, the U.S. Department of Defense, the U.S. Fish and Wildlife Service, Southern Company, International Paper's Forestland Stewards partnership, Altria Group, American Forest Foundation's Southern Woods for At-Risk Wildlife Initiative and Louis Bacon's Orton Foundation which is an affiliate of The Moore Charitable Foundation.
Longleaf Stewardship Fund projects will restore more than 13,300 acres and enhance more than 270,000 additional acres of longleaf pine habitat across the historic longleaf range. The projects supported by Southern Company will impact more than 199,000 acres, of which 6,100 acres will be newly planted longleaf pine.
"We're pleased to play a role in restoring a remarkably diverse ecosystem that is deeply connected to the culture and economic growth of our region," said Southern Company Environmental and System Planning Vice President Jeff Burleson. "Through the landscape-scale conservation approach of the Longleaf Stewardship Fund, a wide range of plants and wildlife that depend on this critical habitat will benefit."
The Longleaf Stewardship Fund builds on the success of the Longleaf Legacy program, a partnership between Southern Company and NFWF, which for eight years invested more than $8.7 million in projects to restore more than 87,000 acres of longleaf pine forest and the native species that rely on the habitat. Another 20,000 acres were restored through the company's closely aligned Power of Flight program with NFWF. To date, the longleaf pine forest has increased from 3 million acres to a projected 4.7 million acres.
"The longleaf pine is an iconic and beloved tree throughout most of the South, and the forests these trees anchor represent some of our nation's richest areas of biodiversity", said Jeff Trandahl, executive director and CEO at NFWF. "Restoring these vital habitats at such a large scale could not be done without the cooperation and support of private landowners, federal agencies, military installations, private corporations like Southern Company, and a coalition of conservation organizations."
The 2017 Longleaf Stewardship Fund projects supported by Southern Company include:
The Fort Stewart-Altamaha Longleaf Partnership (Georgia) – The Longleaf Alliance will coordinate with partners to establish 140 acres of longleaf pine, treat an additional 21,600 acres with prescribed fire, and build a network of public and private landowners focused on native groundcover restoration through prescribed burns, native seed collection and planting. This project will improve habitat for the gopher tortoise and other longleaf-dependent species on public and private lands within close proximity to Fort Stewart and Townsend Bombing Range.
The Okefenokee – Osceola Local Implementation Team (Georgia/Florida) – The Nature Conservancy, Georgia will coordinate with partners to establish 2,574 acres of longleaf pine and improve management of an additional 27,880 acres of existing longleaf habitat on public and private lands. Project will continue training young people living below the poverty level to serve on longleaf restoration teams, build prescribed fire capacity, and educate private landowners through a prescribed fire manager certification session, two landowner workshops and a longleaf academy.
Tall Timbers Research, Inc. (Georgia/Florida) and partners will install artificial nest cavities and translocate 25 red-cockaded woodpeckers (RCWs) on private lands in the Red Hills region of Florida and Georgia. Project will treat more than 38,000 acres of existing longleaf with prescribed fire to improve and maintain forage and nesting habitat for translocated RCWs.
The Talladega Mountain Longleaf Conservation Partnership (Alabama/Georgia) – The Nature Conservancy, Alabama will coordinate with partners to establish 447 acres of longleaf pine and improve 17,700 acres of existing longleaf habitat with prescribed fire on public and private lands with the support of a seasonal fire crew. Project will develop a conservation plan to prioritize and guide future restoration and conduct outreach to engage private landowners to restore longleaf pine.
The Forest Landowners Association (Alabama/Florida/Georgia) will establish or enhance 2,000 acres of longleaf pine habitat and host Forest Forums and Timber Talks to bring together landowners, USFWS and other key stakeholders. Project will engage large working forest landowners and forest consultants in key longleaf pine priority areas to increase communication and identify specific actions for addressing barriers to longleaf restoration.
The Appalachicola Regional Stewardship Alliance (Florida) – The Nature Conservancy, Florida will coordinate with partners to establish 862 acres of longleaf pine and improve more than 25,000 acres of existing longleaf habitat through the use of prescribed fire and planting of native groundcover on public and private lands. Project will benefit Tyndall Air Force Base, improving habitat both on and off base for numerous wildlife species including the eastern indigo snake, a federally-threatened species, as well as the gopher tortoise and Bachman's sparrow.
The Gulf Coastal Plain Ecosystem Partnership (Alabama/Florida) – The Longleaf Alliance will coordinate with partners to establish 333 acres of longleaf pine and improve an additional 55,350 acres of existing longleaf habitat through prescribed fire and private landowner outreach and technical assistance. Project will translocate 140 gopher tortoises, a candidate species for possible listing under the Endangered Species Act, to high-quality, managed land and provide technical assistance and educational opportunities for private landowners, including a Longleaf Academy.
The Longleaf Alliance, Inc. (Alabama/Florida/Georgia/Mississippi) and partners will translocate 60 red-cockaded woodpeckers (RCWs) to properties designated as recovery sites by the U.S. Fish and Wildlife Service. Project will manage and improve 6,000 acres of longleaf pine forest, providing high quality habitat for RCW nesting and foraging.
The Alabama Wildlife Federation (Alabama) will provide technical assistance, outreach, and information to private landowners, contractors, and resource professionals to establish or enhance grassland habitat throughout Alabama. Project will increase awareness of the ecological value of native grassland habitat, foster a collaborative environment among project partners and restore 3,000 acres of grassland habitat for northern bobwhite quail and other grassland birds.
The DeSoto-Camp Shelby Longleaf Implementation Team (Mississippi) – The Nature Conservancy, Mississippi will coordinate with partners to establish more than 745 acres of longleaf pine and enhance an additional 2,500 acres of existing longleaf habitat with prescribed fire on private lands to benefit several rare species including the gopher tortoise, black pine snake and dusky gopher frog. Project will engage 850 private landowners through outreach and technical assistance and enroll 12 new landowners in stewardship programs.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/15/2017Georgia Power's Plant Scherer named 2017 Plant of the Year
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 9, 2017 /PRNewswire/ -- Georgia Power's Plant Scherer today celebrated its distinction as 2017 Plant of the Year by the Powder River Basin (PRB) Coal Users' Group. Employees, members of the local community and industry partners gathered at Scherer today to mark the award. The PRB Coal Users' Group is a nonprofit organization that was formed in 2000 to promote the safe, efficient, and economic use of PRB coal by generating companies that currently use, or are considering the use of, PRB coals.
Scherer was selected as Plant of the Year based on a series of rigorous selection criteria including safety, fire protection and risk reduction benchmarks. Judges also evaluated capital improvement projects, operational best practices such as maintenance planning and execution leveraged by plant management, as well as Scherer's environmental performance, coal handling, and boiler and combustion capabilities.
"I'm very proud of my team. They did an excellent job working together to make improvements that ensure we are operating efficiently to provide customers with reliable and affordable energy. They strive for excellence, and they achieve it," said Johnny Howze III, Plant Scherer manager. "We are pleased that our employees' hard work on these projects and the positive impact on the communities we serve is being recognized."
The recognition was announced and featured on the front cover of the July issue of Power magazine. Click here to read the feature.
About Plant Scherer
Plant Scherer is located on more than 3,500 acres next to Lake Juliette in Monroe County, Georgia, between Atlanta and Macon. The four units of the coal-fired power plant are capable of producing 3,600 megawatts of electricity and, on average, can supply enough energy to power approximately 1.5 million homes. The plant employs nearly 400 people from the surrounding community and contributed more than $6.7 million in local taxes in 2016. Scherer is one of the nation's largest power plants and, in recent years, has added multiple environmental controls, including scrubbers, selective catalytic reduction systems, and baghouses which equip the units with the latest environmental controls to reduce emissions of sulfur dioxide, nitrogen oxides, and mercury.
In addition to Georgia Power, other co-owners include Oglethorpe Power Corporation, Florida Power & Light, MEAG Power, Gulf Power, Jacksonville Electric Authority and Dalton Utilities.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/9/2017Georgia Power to finalize Vogtle assessments by end of August
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 4, 2017 /PRNewswire/ -- Georgia Power expects to complete its comprehensive schedule and cost-to-complete assessment, as well as cancellation cost assessment, for the Vogtle nuclear expansion by the end of the month. The final recommendation is expected to be filed with the Georgia Public Service Commission (PSC) as part of the 17th Vogtle Construction Monitoring (VCM) Report. Once submitted, Georgia Power will work with the Georgia PSC to determine the best path forward for customers.
Southern Company, the parent company of Georgia Power, announced second quarter earnings for 2017 on Wednesday. Included in the quarterly earnings materials were preliminary estimates for the Vogtle project from Georgia Power's ongoing analysis. According to preliminary estimates, Georgia Power's estimated capital costs for the new units at Plant Vogtle could increase from $5.7 billion previously approved by the Georgia PSC to a range of $6.7 billion to $7.4 billion. Financing costs for Georgia Power's share of the project could increase from previous projections of $2.3 billion to an estimated range of $3.1 billion to $3.5 billion.
Figures released this week are preliminary estimates only – they have not been finalized and are subject to further refinement. Georgia Power cautions against using the company's preliminary estimates for its 45.7 percent share of the project to calculate 100 percent of the project costs as capital and financing costs for the project's co-owners will vary.
Construction work continues at the Vogtle nuclear expansion under a new service agreement with Westinghouse while Georgia Power's assessments, as well as assessments by Oglethorpe Power, MEAG Power and Dalton Utilities, are finalized.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning estimated cost and schedule information for Plant Vogtle Units 3 and 4 and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the results of Westinghouse's bankruptcy filing and the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the construction of Plant Vogtle Units 3 and 4; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/4/2017Light with LEDs and save with new Georgia Power instant rebates
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 4, 2017 /PRNewswire/ -- Georgia Power announced new instant-rebates of up to $4 per bulb on select ENERGY STAR® certified LED bulbs at select retailers statewide. Saving in-store is easy with no coupons or rebate forms needed - shoppers can look for the Georgia Power tag at participating Ace Hardware, Costco, Dollar Tree, The Home Depot and True Value locations to save instantly at the register*. It's easy to find a participating retailer by zip code, as well as available products in-store, by visiting GeorgiaPower.com/Lighting.
In addition to in-store savings, Georgia Power customers can take advantage of instant savings of up to $3 per bulb on select ENERGY STAR® certified LED bulbs by shopping online at the Georgia Power Marketplace. The Marketplace features the most popular energy saving and smart home products in a single, convenient online portal that also streamlines the rebate process through integration with customers' Georgia Power accounts.
While purchasing LED bulbs through Georgia Power's program is a great way to save immediately, customers can also look forward to energy savings long into the future. ENERGY STAR® certified LED lights consume 75 percent less energy than conventional incandescent lights and can last up to 25 years.
Georgia Power encourages customers to find even more ways to save by accessing energy saving tools and resources online at GeorgiaPower.com/Save, including hundreds of easy energy tips, a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Finally, step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
*Costco requires a membership at the time of purchase. Instant savings are available only at participating retailers and apply only to select lighting products for a limited time, while supplies last. Limit of 16 bulbs per customer.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/4/2017Southern Nuclear provides significant charitable contributions in its local communities
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Aug. 3, 2017 /PRNewswire/ -- For the second quarter of 2017, Southern Nuclear, a subsidiary of Southern Company headquartered in Birmingham, Ala., donated over $22,000 to schools and programs in the communities where it operates. Including the 2017 first quarter donations of nearly $34,000, the company's mid-year contributions to community organizations total approximately $56,000.
"One of our top priorities is to be a great asset to our communities," said Steve Kuczynski, president and CEO of Southern Nuclear. "We want residents to feel that our presence enhances their quality of life and makes our communities stronger. We also support educational programs for local youth, who we hope will be part of our future workforce."
Southern Nuclear's charitable giving program has four focus areas: health and human services; education; civic, cultural and community; and environmental. Applications are sponsored by company employees and reviewed monthly by the charitable giving committee.
Employees from Plant Vogtle presented a $4,500 check to Augusta Technical College for the purchase of new computers for the Nuclear Engineering Technology program.
"Our primary partner, Southern Nuclear, has been intimately involved with the Nuclear Engineering Technology program from the very beginning with oversight support, technical subject matter expertise, recruitment activities and equipment resources," said NET Department Head Robert Collins. "Their recent donation is just one of many ways that Southern Nuclear and Plant Vogtle have supported the program on an ongoing basis."
When plans to expand Plant Vogtle were first announced nearly ten years ago, Georgia Power and Southern Nuclear leadership recognized the need to ensure the availability of qualified workers. This resulted in the company partnering with Augusta Technical College to develop and implement the two-year NET program.
"We are fortunate to have 48 NET alumni as part of the Vogtle workforce," said Southern Nuclear Workforce Development Coordinator Nora Swanson. "We continue to hire high caliber graduates from the Augusta Tech program. We're also pleased by alumni efforts to educate and recruit the next generation of workers with the same passion they have dedicated to become part of the industry themselves."
Southern Nuclear's 2017 second-quarter charitable contributions:
Alabama School of Fine Arts in Birmingham, Ala. It is a public, partially residential high school with six specialties including music, visual arts, theatre arts, creative writing, math and science, and dance. Our charitable contribution will support math and science projects for the upcoming school year.
Augusta Technical College in Augusta, Ga. It operates under the supervision of the State Board of Technical and Adult Education, serving the needs of business, industry and the public in a five-county area in east central Georgia. Our charitable contribution will purchase computers for the Nuclear Engineering Technology program.
Boys and Girls Club of Toombs County. It serves nearly 500 youth in two locations in Lyons and Vidalia, Ga. Our charitable contribution will support the annual campaign.
Dothan Technology Center in Dothan, Ala. It provides students with training and education they can apply to getting careers immediately out of high school or that they can build upon in related college courses. Our charitable contribution will purchase a 3-D printer for pre-engineering classes.
Georgia School for Innovation and the Classics in Hephzibah, Ga. It is a public charter school that delivers a classical education centered on the three phases of the classical Trivium: grammar (grades 1-4), logic (grades 5-8), and rhetoric (grades 9-12) with an employment of the Socratic method throughout the classroom experience. Our charitable contribution will purchase computer tablets for classrooms.
Girard Middle School in Dothan, Ala. Our charitable contribution will purchase STEM equipment for the school's science program.
Leukemia and Lymphoma Society in Augusta, Ga. It exists to find cures for leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families. Our charitable contribution will support the 2017 Man and Woman of the Year campaign.
Pinewood Christian Academy in Bellville, Ga. It offers a quality education in a Christian environment and enrolls 585 students in grades K3 through twelfth from 13 different counties including Bryan, Bulloch, Candler, Effingham, Evans, Liberty, Long, Tattnall, Toombs and Wayne. Our charitable contribution will help purchase lab equipment.
SRS Community Reuse Program in Graniteville, SC. It works to diversify the economy of a five-county region of Georgia and South Carolina including Aiken, Allendale and Barnwell in South Carolina and Richmond (Augusta) and Columbia counties in Georgia. Our charitable contribution will support the 2017 STEM Career Connections event.
Screven-Jenkins Regional Library System with libraries in Sylvania and Millen, Ga. Our charitable contribution supported the summer reading program.
The Community Foundation Neighborhood Renewal in Augusta, Ga. It serves as administrator of a community endowment, a collection of gifts, large and small, unrestricted and donor advised, given to enhance the quality of life for the citizens of Richmond, Columbia, McDuffie and Burke counties in Georgia, and Aiken and Edgefield counties in South Carolina. Our charitable contribution will provide scholarships for students entering STEM degree programs.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
8/3/2017Georgia Power Marketplace marks one-year anniversary
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 3, 2017 /PRNewswire/ -- This summer marks the one-year anniversary of Georgia Power Marketplace, Georgia Power's innovative direct-to-consumer website featuring the most popular energy saving and smart home products. Since its launch in 2016, more than 35,000 products have been sold through the Marketplace ranging from smart thermostats to LED lighting. The website is a single, convenient online portal and streamlines the rebate process through integration with customers' Georgia Power accounts.
The site has experienced exponential growth since last year's launch and currently features more than 65 different products. The most popular products on the Marketplace during the site's first year have been Smart and Wi-Fi Thermostats. In addition to adding new products regularly, Georgia Power Marketplace frequently hosts sales and limited-time-only deals, helping online shoppers save even more.
"The response to Georgia Power Marketplace from our customers, as well as non-customers across the country, has been overwhelmingly positive the past 12 months," said Randy Young, products and services director for Georgia Power. "The Marketplace is just one of the ways that we're working to connect with our customers in new ways and make it easier for them to save money and energy every day."
Making the right technology and energy choices is simple on Georgia Power Marketplace with live chat and customer support for online shoppers, as well as buyers' guides for a variety of products that can help customers determine which one is right for them. Free shipping is also available for orders over $49.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step- by-step instructions for the do-it-yourselfer energy savers are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
8/3/2017Georgia Power celebrates opening of new At-Promise Youth Center in partnership with Atlanta Police Foundation
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 2, 2017 /PRNewswire/ -- Leaders from Georgia Power on Tuesday joined the Atlanta Police Foundation, the Atlanta Police Department and Mayor Kasim Reed to celebrate the opening of Atlanta's new At-Promise Youth Center on Atlanta's Westside. Georgia Power donated $500,000 toward the construction of the new facility as part its commitment to improving the communities in which it operates, as well as enhancing education in Georgia.
The new state-of-the-art learning and community facility on English Avenue offers specialized services, group activities and a gathering place for area youth and residents. Georgia Power's room within the center is designated as an arts and sciences space and features drawing tables, room to do science related projects and project craft tables. In the coming years, Georgia Power plans to use the space to host energy efficiency demonstrations, electrical safety presentations and career talks for youth at the center.
"In a little over six months, this site has been transformed from unused space into a vibrant center for learning and opportunity," said Paul Bowers, chairman, president and CEO of Georgia Power. "Every day, through company sponsored programs such as Learning Power and strong partnerships with local leaders and organizations, we're committed to empowering students with the tools they need to succeed and making Georgia an even better place to live and work."
While Georgia Power's room focuses on arts and sciences, it has not yet been named. The company is inviting the public to visit its Facebook page at www.Facebook.com/GeorgiaPower to see images of the space and vote on four potential names for the room: Innovation Station, Power Station, Learning Station and S.T.E.A.M. Lab. The winning name will be announced on August 11.
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the third-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
8/2/2017Georgia Natural Gas® Website Receives "Award of Distinction" from The Academy of Interactive & Visual Arts' 23rd Annual Communicator Awards
Source: PR Newswire
ATLANTA, Aug. 2, 2017 /PRNewswire/ -- Georgia Natural Gas® (GNG) today announced that it has been awarded the "Award of Distinction" for its newly redesigned website by the Academy of Interactive and Visual Arts. The award was recently presented through the 23rd Annual Communicator Awards, the leading international awards program recognizing big ideas in marketing and communications.
"At Georgia Natural Gas, we pride ourselves on being customer-focused. A large part of that focus is ensuring that our website is user-friendly, easy-to-navigate, informative, and brand distinctive," says John Jamieson, SVP, Retail Operations for GNG. "We are excited and inspired to receive this award for the first time and it is an honor to be recognized for this collaborative effort. More than anything, the award represents our continued dedication to excellence and the superior customer service that consumers have come to expect from us."
The company also enhanced customer service on the site with a variety of price plan options. A simplified menu on the homepage of the website enables customers to quickly engage and navigate the site with ease. The site also provides customers with the ability to start, stop, or transfer service, along with a reliable online payment option. Another highlight of the new site includes information on local attractions and discounts to a variety of special events.
GNG's marketing department worked closely with website development partner, Macquarium -- an Atlanta-based web-design firm known for transforming customer experiences in a digital environment. "The project successfully aligned website objectives with overall marketing and business objectives," says Keith Gallagher, Managing Director, Mass Markets for GNG.
About Georgia Natural Gas
Georgia Natural Gas is part of SouthStar Energy Services®. SouthStar is owned by Southern Company GasTM, a wholly owned subsidiary of Southern Company (NYSE: SO). SouthStar also operates in Ohio as Ohio Natural GasSM, in Florida as Florida Natural Gas®, in Maryland as Maryland EnergySM, in Michigan as Grand Rapids Energy®, in New York as New York Natural GasSM, in New Jersey as New Jersey Energy®, and in other parts of the Southeast as SouthStar Energy Services. SouthStar's subsidiaries in Illinois operate as Nicor Advanced Energy® and Nicor Solutions®. For more information visit: www.gng.com.
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SOURCE Georgia Natural Gas
Article Date
8/2/2017Southern Company subsidiary surpasses 1,500 MW wind energy with Texas acquisition
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 1, 2017 /PRNewswire/ -- As part of the company's renewable growth strategy to build the future of energy, Southern Company subsidiary Southern Power today announced the acquisition of its fifth Texas wind project – the 148-megawatt (MW) Cactus Flats Wind Facility – from Renewable Energy Systems Americas Inc. (RES).
"With the energy landscape constantly changing, we remain focused on strategic opportunities that support our business objectives," said Southern Power President and CEO Buzz Miller. "The Cactus Flats Wind Facility is an important addition to our growing renewable portfolio and will provide value to our customers through clean, safe, reliable and affordable wholesale energy."
With the addition of Cactus Flats, Southern Power owns nine wind facilities capable of producing more than 1,500 MW of wholesale energy. Southern Power's wind facilities are part of the company's 3,400-MW renewable fleet, which consists of 37 solar, wind and biomass facilities from California to Maine. In total, the Southern Company system has added or announced more than 6,500 MW of renewable generation since 2012.
Located in Concho County, the 148-MW project is expected to consist of 43 wind turbines manufactured by Vestas, which will jointly maintain and operate the facility with Southern Power upon completion, expected in the third quarter of 2018. RES, who developed the project, will also provide the balance of plant construction of the facility.
Once operational, the full capacity of the electricity and associated renewable energy credits (RECs) generated by the facility will be sold under two separate power purchase agreements with General Mills and with General Motors. Both companies will have the option to keep or sell the RECs.
This project aligns with Southern Power's overall business strategy of strengthening its wholesale business through acquiring and constructing generating assets that are substantially covered by long-term contracts with creditworthy counterparties.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 47 facilities operating or under construction in 11 states with more than 12,700 MW of generating capacity operating or under development in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Cactus Flats Wind Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
8/1/2017Georgia Power finalizes new service agreement for Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 28, 2017 /PRNewswire/ -- Georgia Power has finalized a new service agreement with Westinghouse for the Vogtle nuclear expansion – the first new nuclear units to be built in the United States in more than 30 years. Previously, Westinghouse, the developer of the AP1000 nuclear technology being used by the new units, served as the primary contractor with oversight and responsibility for all construction activities. Under the new service agreement, approved by the U.S. Department of Energy on July 27, Southern Nuclear (the Southern Company subsidiary which operates the existing units at Plant Vogtle) will oversee construction activities at the site.
"We are already in the midst of a seamless transition for the thousands of workers across the site, allowing us to sustain the progress we are making every day on both units," said Mark Rauckhorst, executive vice president for the Vogtle 3 and 4 project. "We remain focused on safety and quality as we complete this transition."
The scope of the service agreement includes engineering, procurement and licensing support from Westinghouse, as well as access to Westinghouse intellectual property needed for the project. Under the new structure, hundreds of Georgia Power and Southern Nuclear employees, many who are already aligned with the project, will assume clearly defined project management roles.
Georgia Power also continues work with the project's Co-owners (Oglethorpe Power, MEAG Power and Dalton Utilities) to complete a full-scale schedule and cost-to-complete analysis of the project. Once complete, Georgia Power will work with the Georgia Public Service Commission to determine the best path forward for customers.
Following the Westinghouse bankruptcy filing on March 29, construction momentum has continued uninterrupted. Over the last 30 days alone, progress includes new concrete placement within the Unit 3 shield building and nuclear island, placement of structural steel for the Unit 4 annex building and the first of four 85,000 pound accumulator tanks for the new units within the Unit 3 containment vessel. View the latest photos of progress at the construction site in the Plant Vogtle 3 & 4 Online Photo Gallery.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the results of Westinghouse's bankruptcy filing and the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the construction of Plant Vogtle Units 3 and 4; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
7/28/20177/27/2017 - SCAM Alert - Federal Reserve Bank routing numbers cannot be used for Georgia Power bills
SCAM Alert - Federal Reserve Bank routing numbers cannot be used for Georgia Power bills
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 27, 2017 /PRNewswire/ -- Georgia Power has received reports of a new scam in which criminals sell Federal Reserve Bank routing numbers to customers with instructions to use the routing numbers to pay utility and other bills from nonexistent accounts. According to a news release from the Federal Reserve Bank of Atlanta: Federal Reserve routing numbers are used for sorting and processing payments between banks. Any video, text, email, phone call, flyer, or website that describes how to pay bills using a Federal Reserve Bank routing number or using an account at the Federal Reserve Bank is a scam.
While Georgia Power's system may initially accept a Federal Reserve Bank routing number to process a payment, the payment will eventually be rejected and the customer's account could be subject to additional late fees or possibly disconnection.
Other reminders from Georgia Power to help avoid common scams and fraud:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers. The company encourages customers to report scams and fraud attempts to local law enforcement and to the Federal Trade Commission at https://www.ftccomplaintassistant.gov/. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scam.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/27/20177/24/2017 - Georgia Power declares dividends
Georgia Power declares dividends
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 24, 2017 /PRNewswire/ -- The finance committee of the board of directors of Georgia Power has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:
Class A Preferred Stock
($25 Capital Value)
6 1/8% - $.3828125
These dividends are for the quarter ending September 30, 2017, payable October 1, 2017, to shareholders of record on September 15, 2017.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/24/20177/17/2017 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 17, 2017 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 58 cents per share on the company's common stock, payable September 6, 2017, to shareholders of record as of August 21, 2017. This marks 279 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/17/2017Georgia Power recognizes Georgia Tech for commitment to energy efficiency
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 14, 2017 /PRNewswire/ -- Georgia Power today joined the Georgia Institute of Technology (Georgia Tech) to mark the completion of the university's latest effort to conduct energy efficiency upgrades at two facilities on campus. During a special event at the Georgia Tech Environmental Biosystems Building, the company presented a rebate check for $500,000 to Georgia Tech as part of Georgia Power's Commercial Energy Efficiency program. The rebate is the largest single rebate ever issued through the company's Commercial Energy Efficiency Program.
Georgia Tech earned the rebate by completing various energy efficiency upgrades including upgrading water chillers that serve a large portion of the campus, replacing existing motors with high efficiency inverter rated motors and conversions of condenser water pumps. With the completion of these upgrades, Georgia Power estimates Georgia Tech will be able to save more than 16 million kilowatt-hours (kWh) annually.
"The Commercial Energy Efficiency Program is customizable, encouraging customers of all sizes to make impactful operational changes that help them save money and energy in a variety of ways," said Latanza Adjei, vice president of sales for Georgia Power. "We congratulate Georgia Tech for its leadership and commitment to energy efficiency and innovation throughout the university."
"We are honored to be recognized for our efforts in improving our energy efficiencies on campus," said Steve Swant, executive vice president for administration and finance at Georgia Tech. "Georgia Tech values practicing continuous improvements. By investing in energy efficient systems today, we reduce waste and also save money for many years to come."
Georgia Power has awarded more than $44 million in rebates through the Commercial Energy Efficiency program since the program's inception in 2011. The program includes educational resources, rebates and incentives available to all commercial customers such as school systems, universities, hospitals, museums and many more. For more information, visit www.georgiapower.com/commercialsavings.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
7/14/20177/12/2017 - Southern Company building the future of energy with new battery storage research demonstration
Southern Company building the future of energy with new battery storage research demonstration
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 12, 2017 /PRNewswire/ -- Building on its 100-year commitment to innovation and historic focus on the research and development of emerging energy solutions, Southern Company and its Gulf Power subsidiary today officially launched the latest battery storage research project in Southern Company's operating territory. The project represents another important milestone in the company's work to build the future of energy.
The McCrary Battery Energy Storage Demonstration will demonstrate the capabilities and requirements of an energy storage system designed to help industrial and commercial customers store and use energy on demand, while improving resiliency and potentially helping customers save on energy costs in the future.
Located in Pensacola, Florida, at Gulf Power's Douglas L. McCrary Training and Storm Center, the new research project will test and evaluate a 250 kilowatt/1 megawatt-hour Tesla Powerpack lithium-ion industrial energy storage system over a two-year period. Insights gained from the demonstration are expected to accelerate the development of battery storage technology across the Southern Company system. The lithium-ion technology under evaluation is the same battery chemistry used in electric vehicles and consumer electronics such as laptops.
Company executives and experts hosted a commissioning and ribbon-cutting ceremony to mark the project's opening.
"At Southern Company, we are constantly broadening our industry-leading expertise to harness new technologies that can deliver clean, safe, reliable, affordable energy to customers," said Southern Company Executive Vice President and Chief Operating Officer Kimberly S. Greene. "This collaborative research project with Gulf Power will deepen our understanding of battery energy storage systems and the value they can provide."
"Gulf Power is proud to be involved in this battery energy storage demonstration at the McCrary Training and Storm Center and to be in the forefront of evaluating innovative energy technologies," said Stan Connally, Gulf Power chairman, president and CEO. "Throughout our history, we have been host to the development of energy solutions that have resulted in greater energy efficiency, cleaner energy production and value for our customers – and this commissioning event signals our ongoing commitment to build a better energy future."
The McCrary Battery Energy Storage Demonstration was developed by Southern Company research and development in partnership with Gulf Power and in collaboration with the Electric Power Research Institute's Integrated Grid Initiative and Tesla.
Specifically, the project aims to further the understanding of the siting, installation and operational requirements of commercial- and industrial-scale energy storage systems. It will provide information on the advantages battery storage can offer customers and energy providers through peak shaving, demand management, ancillary services, energy arbitrage and backup power.
Southern Company remains at the forefront of accelerating the development and deployment of energy storage systems that will offer many benefits and great promise to the electric utility industry. From greater reliability to increased use of renewable energy to reduced prices for customers, energy storage has the potential to further enable the smart grid and help utilities meet customers' needs.
The McCrary Battery Energy Storage Demonstration is just one component of Southern Company's energy storage research portfolio, which includes residential-, commercial-, industrial- and utility-scale battery projects in locations across the company's Southeastern electric service territory.
The Southern Company system has managed approximately $2.3 billion in R&D investments, leading to the development of technologies that will revolutionize the production, delivery and end-use of energy.
Another example of Southern Company's many innovations includes a recently announced strategic alliance between subsidiary PowerSecure and Advanced Microgrid Solutions. The companies will jointly develop and deploy behind-the-meter distributed energy resources across the U.S. Last year, Southern Company and PowerSecure announced a strategic alliance with Bloom Energy that includes project investment and joint technology development.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/12/2017Google smart-home products now available on Georgia Power Marketplace
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 12, 2017 /PRNewswire/ -- Georgia Power announced today the latest smart-home products added to Georgia Power Marketplace – Google Home™ and Google Wifi™. Georgia Power Marketplace brings the most popular energy saving and smart-home products to a single convenient online portal and simplifies the rebate process for Georgia Power customers.
New products available this July on Georgia Power Marketplace:
Making the right technology and energy choices is easy on Georgia Power Marketplace with live chat and customer support for online shoppers, as well as buyers' guides for a variety of products that can help customers determine which one is right for them. Free shipping is also available for orders over $49. Customers can visit Georgia Power Marketplace to shop these products and check back often for new products.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step- by-step instructions for the do-it-yourselfer energy savers are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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SOURCE Georgia Power
Article Date
7/12/20177/12/2017 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., July 12, 2017 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
|
Preferred Stock |
|
($100 Par Value) |
|
4.20% - $1.05 per share |
|
4.52% - $1.13 per share |
|
4.60% - $1.15 per share |
|
4.64% - $1.16 per share |
|
4.72% - $1.18 per share |
|
4.92% - $1.23 per share |
|
Class A Preferred Stock |
|
($25 Capital Value) |
|
5.83% - $.3644 per share |
|
Preference Stock |
|
($25 Capital Value) |
|
6.45% - $.403125 per share |
|
6.50% - $.406250 per share |
These dividends are for the quarter ending September 30, 2017, payable October 1, 2017, to shareholders of record on September 15, 2017.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.
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SOURCE Alabama Power Company
Article Date
7/12/2017Southern Company second-quarter earnings to be released August 2
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 10, 2017 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2017 by 7:30 a.m. EDT on Wednesday, August 2.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, August 2.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/10/2017Advanced Microgrid Solutions Raises $34 Million in Series B, Energy Leaders See DER Optimization as Major Growth Market
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
SAN FRANCISCO and NEW YORK, July 10, 2017 /PRNewswire/ -- Advanced Microgrid Solutions ("AMS") today announced it has raised over $34 million in a Series B funding round amid projections by utility executives that distributed energy resources (DERs) will create the biggest stress on the grid in the coming decade. The round was led by Energy Impact Partners ("EIP"), a collaborative utility-funded investment firm, Southern Company (NYSE: SO) and DBL Partners, who also led AMS's Series A round. Participants in the round included energy technology and infrastructure companies GE Ventures, AGL Energy Limited (AGL) and Macquarie Capital, as well as reinvestment by other early investors, including former California Governor Arnold Schwarzenegger. The round brings AMS's total funding to $52 million.
"The future of energy is increasingly distributed," AMS CEO Susan Kennedy said. "We're incredibly proud to have earned the backing of some of the largest and most advanced energy companies in the world. This powerful group of investors gives AMS access to a global network of expertise, customers and resources." AMS will use the funding to scale deployment of its Armada™ building-to-grid DER optimization platform and expand into new markets.
"One of the greatest challenges facing utilities, customers and grid managers around the world is managing distributed energy resources," said Hans Kobler, EIP's CEO and Managing Partner. "The smartest investments in grid infrastructure in the coming decade will be focused on the economics of DER management," added Michael Donnelly, EIP partner and Chief Risk Officer, who will serve on the AMS board of directors.
"AMS's Armada platform stands out among DER software solutions because it focuses on extracting maximum financial value for both utilities and energy consumers," said Mark Lantrip, President & CEO of Southern Company Services. "What we like about AMS's software platform is that it makes distributed resources part of the utility solution instead of the problem."
Increasing penetration of distributed solar, wind and electric vehicles causes power fluctuations, voltage issues and costly demand charges for customers and grid managers. Recent reports indicate that nearly 60 percent of utility executives believe the proliferation of consumer-owned distributed generation technologies will have a significant impact on grid reliability and power quality through 2020, caused by issues such as increased voltage violations and backflow of power into distribution substations. As electricity customers rapidly add new distributed energy resources, from solar photovoltaics (PV) to electric vehicles, utilities see opportunities to tap into these resources to balance the grid, improve efficiency and reliability, and increase revenues. "Optimization of these distributed resources is the missing link in the value chain between end-use customers and the grid," Lantrip added.
AMS's Armada platform uses cloud-based analytics and advanced energy storage to provide continuous financial optimization of customer-sited energy resources for end-use customers, and aggregates behind-the-meter resources into fully optimized, dispatchable portfolios for utility service. AMS plans to use the new funding to expand its platform services to new markets.
"We see DER management as a major growth market," said Nancy Pfund, managing partner of DBL Partners and one of the earliest investors in Tesla, SolarCity and AMS. "AMS's software platform is tapping into billions of customer dollars invested in clean energy to transform the electric grid."
The successful close of Series B follows several significant developments for AMS in 2017:
About Advanced Microgrid Solutions | Advanced Microgrid Solutions (AMS) is pioneering the use of advanced energy storage for energy management and utility services. AMS designs, optimizes, aggregates and manages distributed energy resources and energy storage assets. AMS's building-to-grid™ asset management software Armada™ provides continuously optimized resource management, cost reduction and revenue generation for large-scale energy users and utilities. To learn more, visit www.advmicrogrid.com and follow us on twitter: @advmicrogrid.
About Energy Impact Partners | Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's partners include Southern Company, National Grid, Xcel Energy, Ameren, Great Plains Energy, Fortis Inc., AGL, Avista, Madison Gas and Electric Co., TEPCO, PTT Public Company Limited, and OGE Energy Corp. For more information, visit http://energyimpactpartners.com/.
About Southern Company | Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. The company is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About DBL Partners | DBL Partners is a pioneer of double bottom line venture capital, a new and growing field of investing that seeks to optimize both financial return (First Bottom Line) and positive social impact, including environmental and regional economic benefits (Second Bottom Line). Based in San Francisco and Palo Alto, the firm focuses on cleantech, IT, health care and sustainable products and services. The firm's portfolio companies, which include Pandora Media (NYSE: P), SolarCity (NASDAQ: SCTY), Tesla Motors (NASDAQ: TSLA), SpaceX, Revolution Foods, and many others have created more than 30,000 jobs. More information about DBL Partners is available at www.dblpartners.vc.
About GE Ventures | GE Ventures identifies, scales and accelerates ideas that will help make the world work better. Focused on the areas of software, advanced manufacturing, energy and health care, GE Ventures combines equity investing, new business creation, licensing and technology transfer to deliver an innovation platform designed to drive growth for partners and GE. For more information, visit http://www.geventures.com/, or follow on Twitter (@GE_Ventures) and LinkedIn.
About AGL | AGL is committed to helping shape a sustainable energy future for Australia. We operate the country's largest electricity generation portfolio, we're its largest ASX-listed investor in renewable energy, and we have more than 3.5 million customer accounts. Proudly Australian, with more than 180 years of experience, we have a responsibility to provide sustainable, secure and affordable energy for our customers. Our aim is to prosper in a carbon-constrained world and build customer advocacy as our industry transforms. That's why we have committed to exiting our coal-fired generation by 2050 and why we will continue to develop innovative solutions for our customers.
About Macquarie and Macquarie Capital | Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,597 people and has assets under management of more than $367 billion.
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SOURCE Advanced Microgrid Solutions
Article Date
7/10/2017Georgia Power tops new list of most trusted energy brands
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 6, 2017 /PRNewswire/ -- Georgia Power has ranked at the top of a new list of Most Trusted Brands among business customers, according to Utility Trusted Brand & Customer Engagement™: Business, a Cogent Reports™ study by Market Strategies International. Those achieving top-quartile performance on Brand Trust are designated Most Trusted Brands among business customers.
The study analyzes more than 50 consumption, environmental, service, digital and rate offerings. Most Trusted Brand utilities have higher usage of these offerings and higher demand for future usage of these programs.
The study, now in its third year, provides brand tracking and benchmark performance of 60 electric utilities among 10,486 utility business customers. The Brand Trust index is based on 35 rating questions that relate to six factors: Customer Focus, Community Support, Reliable Quality, Communications Effectiveness, Environmental Dedication and Company Reputation & Advocacy.
Customer trust and satisfaction is at the center of Georgia Power's business as it provides 2.5 million customers with clean, safe, reliable and affordable energy. The company continues to evolve to meet customers' changing needs by offering personalized tools like My Power Usage¸ which helps customer better manage daily energy costs and eliminate surprises at the end of their billing cycle, and convenient ways to do business with the company including thousands of new authorized payment locations (APLs). Additionally, the company's 7,000 employees are united in a shared mission to be "A Citizen Wherever We Serve" and improve local communities with employees and retirees donating more than 150,000 hours in volunteer services alone in 2016.
Read more about the study and view the full utility rankings here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
7/6/2017Georgia Power introduces SiteView(TM) video surveillance and security service
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 5, 2017 /PRNewswire/ -- Georgia Power introduces SiteView™, a powerful new video surveillance and security tool, offered as part of the company's growing menu of optional services. With SiteView, commercial, industrial and governmental customers have the option to obtain a high-definition camera system, owned, installed and maintained by Georgia Power with no upfront cost. The service will also be available to homeowner associations and multi-family residential developments.
SiteView cameras are mounted on new or existing outdoor lighting poles and the video is provided directly to the customer's on-site video recorder or third-party cloud-based storage. Customers access the video through a customized SiteView dashboard and Georgia Power does not have access to the video feeds.
"We are always looking for ways to add value through new products and services for our customers, and due to our experience with street lights, poles and infrastructure, adding SiteView was a natural fit for our customer portfolio," said Randy Young, products and services director for Georgia Power. "Since customers own their video coverage, they can quickly make it available to aid in law enforcement investigations, insurance claims and to address security vulnerabilities."
Georgia Power's SiteView service is managed by Georgia Power Lighting Services, which specializes in commercial, industrial and residential outdoor lighting, maintaining and operating hundreds of thousands of street and area lights across the state. The company began piloting the service this spring in select areas of Georgia and is now expanding the service statewide.
SiteView is customizable based on customer needs, including an optional license plate recognition capability. Monthly pricing for SiteView varies based on the equipment and options the customer chooses in order to customize each surveillance solution. To learn more about SiteView and other Georgia Power Lighting Services, visit http://outdoorlighting.georgiapower.com/.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
7/5/2017Georgia Power & Georgia DNR partner to share water safety tips
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 3, 2017 /PRNewswire/ -- Georgia Power is joining the Department of Natural Resources (DNR) to remind Georgians of the importance of water safety this summer. According to the Georgia Department of Public Health, drowning is the second-leading cause of accidental death for children 1 to 4 years of age, with more than 200 Georgians dying from accidental drowning last year. The SPLASH program, a longstanding Georgia DNR initiative, aims to greatly reduce the number of these deaths and injuries.
SPLASH tips for enjoying Georgia's beaches, lakes and rivers this summer include:
Georgia Power, which owns and operates 15 lake properties across the state for power generation and resident recreation, provides recreational opportunities year round for the public at more than 40 sites across the state, including lake properties such as Lakes Oconee and Sinclair in Central Georgia and Lakes Burton and Rabun in North Georgia. It's easy to find information about the Georgia Power lake near you at www.GeorgiaPower.com/Lakes. In addition to property information, including facilities and amenities, local attractions and water safety information, the sites allow visitors to check current lake conditions, virtually explore camp sites and browse an interactive fish guide for each of the lakes.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
7/3/20176/30/2017 - Southern Company subsidiary and Wärtsilä sign agreement to develop flexible gas power plant projects
Southern Company subsidiary and Wärtsilä sign agreement to develop flexible gas power plant projects
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 30, 2017 /PRNewswire/ -- Today, Southern Company subsidiary Southern Power and Wärtsilä, a leading supplier of flexible generation technology, signed a Memorandum of Understanding to develop two flexible gas power plant projects, which could be as large as 450 megawatts (MW) each. Southern Power will lead this effort.
"Renewables are an important part of a diverse energy mix, and flexible generation complements the rapid growth of intermittent renewables," said Southern Power President and CEO Buzz Miller. "This agreement is an early stage in a lengthy process, but we believe this technology could be an excellent solution for our customers and for many others in the marketplace that we hope to serve through this relationship."
Southern Power is a leader in the development, installation and operation of electric power facilities and has a proven track record of operational reliability and safety. The development of flexible gas power plant projects would align with the company's overall business strategy of strengthening its wholesale business through acquiring and constructing generating assets that are substantially covered by long-term contracts with creditworthy counterparties.
"In the USA we are seeing a large demand for flexible generation and Wärtsilä provides the most efficient and fastest starting solution making this the ideal investment for customers to serve the need for flexibility. We are excited to be teaming with Southern Power, a leader in the development, installation and operation of electric power facilities with a proven track record of operational reliability and safety," said President at Wärtsilä Energy Solutions President Javier Cavada.
Today, Southern Power continues to strategically grow its portfolio of more than 12,600 MW through the acquisition and development of clean energy solutions. The company owns and operates 10 combined-cycle and combustion-turbine natural gas-fueled power plants that generate more than 9,000 MW across five states. Additionally, the company owns more than 3,000 MW of renewable generation.
After contracts signed with the cities of Denton and Tallahassee over the past 12 months, Wärtsilä continues to grow its footprint in the USA. The current installed base, including projects under construction, is more than 3,000 MW. Globally, Wärtsilä's installed power plant base is 63 GW in 176 countries.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 46 facilities operating or under construction in 11 states with more than 12,600 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected development of power plant projects. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
6/30/20176/28/2017 - Georgia Power, Southern Nuclear prepared to assume Vogtle project management by late July
Georgia Power, Southern Nuclear prepared to assume Vogtle project management by late July
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 28, 2017 /PRNewswire/ -- Georgia Power and Southern Nuclear are prepared to assume project management of the Vogtle nuclear expansion from Westinghouse by late July under the new service agreement finalized earlier this month. The agreement continues to progress through the approval process and will take effect once all required approvals are received, including approval of the bankruptcy court and rejection of the current engineering, procurement and construction contract by Westinghouse.
The scope of the service agreement includes engineering, procurement and licensing support from Westinghouse, as well as access to Westinghouse intellectual property needed for the project. To allow time for all approvals, the interim assessment agreement has been extended through July 20.
The recently announced agreement between Georgia Power and Toshiba, the parent company of Westinghouse, remains in place and continues to affirm the value of Toshiba's guarantee at $3.68 billion – providing additional protections for Georgia electric customers. The first payment from Toshiba under the agreement is expected in the amount of $300 million in October 2017.
Georgia Power also continues work with the project's Co-owners (Oglethorpe Power, MEAG Power and Dalton Utilities) to complete a full-scale schedule and cost-to-complete analysis and will work with the Georgia Public Service Commission to determine the best path forward for customers.
New Vogtle Timeline Video Illustrates Progress
Thousands of workers remain onsite at the Vogtle nuclear expansion continuing efforts to construct the nation's first new nuclear units in more than three decades. Georgia Power has released its latest Vogtle Timeline video highlighting progress during the second quarter of 2017, including the arrival of new panels for the AP1000 passive containment cooling tank; the successful licensing evaluation by the Nuclear Regulatory Commission (NRC) of 19 new operators for the units; and an inside look into the NRC's oversight of the plant and role in ensuring that Vogtle Units 3 & 4 are being built safely and correctly. Click here to view the video.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning scheduled payments under the guarantee agreement, satisfaction of conditions to the effectiveness of the service agreement, assumption of project management, and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the results of Westinghouse's bankruptcy filing and the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the engineering, procurement and construction agreement for Plant Vogtle Units 3 and 4, the construction of Plant Vogtle Units 3 and 4, and the U.S. Department of Energy loan guarantees; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
6/28/2017Southern Company and Mississippi Power announce suspension of gasification operations
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 28, 2017 /PRNewswire/ -- Southern Company (NYSE: SO) and Mississippi Power today announced the company is immediately suspending start-up and operations activities involving the lignite gasification portion of the Kemper County energy facility. The combined cycle plant has been serving customers with reliable and affordable electricity for almost three years. The facility will continue to operate using natural gas pending the Mississippi Public Service Commission's decision on future operations.
This action is being taken to preserve the safety and health of the workforce and safety of the facility, while still retaining the necessary workforce to operate the combined cycle power plant.
"We are committed to ensuring the ongoing focus and safety of employees while we consider the future of the project, including any possible actions that may be taken by the Commission," said Southern Company Chairman, President and CEO Thomas A. Fanning. "We believe this decision is in the best interests of our employees, customers, investors and all other stakeholders."
Southern Company and Mississippi Power believe this is the appropriate step to manage costs given the economics of the project and the Commission's intent to establish a settlement docket to address Kemper-related matters including the future operation of the gasifier portion of the project.
"I am extremely proud of the thousands of our employees and the contractors who have helped construct Kemper," said Mississippi Power Chairman, President and CEO Anthony L. Wilson. "The commitment of these individuals to their jobs, the challenges they have overcome and their dedication to our customers has been outstanding. The customer is at the center of everything that we do. We appreciate the communities we are privileged to serve and the local leaders who continue to support our company and our employees throughout this process."
The company will fully participate in the proposed settlement docket to be established by the Commission on July 6. The company will make any future announcements as to the status of the project based on the outcome of that process or future Commission action.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. Mississippi Power ranked first in the Southeastern Electric Exchange's 2016 Safety Performance Reports and is consistently recognized as an industry leader in reliability, customer service and safety. Visit our websites at www.mississippipower.com and www.mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the outcome of regulatory discussions and proceedings regarding the Kemper integrated coal gasification combined cycle project (Kemper IGCC). Southern Company and Mississippi Power caution that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Mississippi Power's Annual Reports on Form 10-K for the year ended December 31, 2016 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject, including potential tax reform legislation, as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development, construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, sustaining nitrogen supply, continued issues with ash removal systems or syngas coolers, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Kemper IGCC settlement docket and related legal or regulatory proceedings, Mississippi Public Service Commission review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association (now known as Cooperative Energy); and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Southern Company and Mississippi Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company; Mississippi Power
Article Date
6/28/2017Pay your bill in person, anywhere in the country with Georgia Power CheckOut(TM)
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 28, 2017 /PRNewswire/ -- Georgia Power has introduced Georgia Power CheckOut™ - the newest way to pay for Georgia Power customers at Dollar General, Family Dollar and Speedway stores. Georgia Power CheckOut is available at more than 50,000 locations across the country, including 1,160 in Georgia, so no matter where customers travel they can easily pay their Georgia Power bill in person.
"We continue to introduce new services and programs to meet the different lifestyles of our customers and make it as easy as possible to do business with Georgia Power," said Louise Scott, vice president of customer service for Georgia Power. "For the first time, customers who travel or live out of state have an option to pay in person through the CheckOut program, in addition to a variety of electronic bill payment services."
To start paying today with Georgia Power CheckOut, follow these three simple steps:
In addition to its newest in-person payment option, Georgia Power CheckOut, the company continues to add new authorized payment locations (APLs) across the state with thousands of APLs now in place in grocery and retail stores. With more than 60 percent of all payments now made electronically, Georgia Power is also working to improve customers' digital experience with an enhanced online customer care portal at www.GeorgiaPower.com. Once logged in to their online accounts, customers can access new and improved self-service features and useful tools to control their energy bills while a responsive design provides optimal viewing on desktops, tablets and mobile devices. For more information about payment choices from Georgia Power, visit www.georgiapower.com/waystopay.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
6/28/20176/27/2017 - Southern Company subsidiary PowerSecure announces strategic alliance with Advanced Microgrid Solutions
Southern Company subsidiary PowerSecure announces strategic alliance with Advanced Microgrid Solutions
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and SAN FRANCISCO, June 27, 2017 /PRNewswire/ -- Southern Company subsidiary PowerSecure announced today a strategic alliance with Advanced Microgrid Solutions ("AMS") to jointly develop and deploy behind-the-meter distributed energy resources across the United States.
With over 1.5 GW of distributed energy resources under management, PowerSecure has built one of the country's largest fleets of microgrid solutions and will bring project design, engineering and innovative technology solutions to the alliance. AMS, an early pioneer in the aggregation and optimization of distributed energy resources, will provide asset management services through its ArmadaTM platform, identifying opportunities for grid services and revenue stacking.
"As Southern Company grows our distributed infrastructure business throughout the country it is important that we continually maximize the value from these assets," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This strategic relationship between PowerSecure and Advanced Microgrid Solutions will uncover new ways for Southern Company to deliver value for energy consumers."
"Southern Company's leadership in the distributed energy space is game-changing," said AMS CEO Susan Kennedy. "We are immensely proud to be working with PowerSecure and Southern Company to offer customers some of the most advanced distributed energy technologies in the world."
Through this alliance, PowerSecure will continue to build on its proven track record of success providing customers greater control over their energy and outstanding service across multiple technologies. AMS will utilize its advanced analytics and co-optimization platform, ArmadaTM, and best-in-class energy storage technology to lower energy expenses for customers while providing cost effective grid services to utilities.
Together, PowerSecure and AMS will work to accelerate the cost-effective deployment of distributed energy resources by enhancing consumers' ability to access market revenues, which will improve overall economics for future joint projects.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About PowerSecure
Southern Company subsidiary PowerSecure is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of distributed generation, storage and renewables, energy efficiency and utility infrastructure. The company is a pioneer in developing distributed generation power systems with sophisticated smart grid capabilities and microgrid controls, including the ability to forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times; provide utilities with dedicated electric power generation capacity to utilize for demand response purposes; and provide customers with the most dependable standby power in the industry. PowerSecure has over 1,500 distributed generation systems installed across the U.S. For more information, visit www.powersecure.com.
About AMS
Advanced Microgrid Solutions (AMS) is pioneering the use of advanced energy storage for energy management and utility services. AMS designs, optimizes, aggregates and manages distributed energy resources and energy storage assets. AMS's energy storage asset management software Armada™ provides continuously optimized resource management, cost reduction and revenue generation for large-scale energy users and utilities. To learn more, visit www.advmicrogrid.com and follow us on twitter: @advmicrogrid.
Cautionary Statement Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transactions. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the possibility that the anticipated benefits from the transactions cannot be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's reports filed with the Securities and Exchange Commission. Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements with respect to Southern Company may be found under Item 1.A. in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transactions or other matters attributable to Southern Company or any other person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Southern Company undertakes no obligation to update or revise any forward-looking statement, except as may be required by law.
SOURCE Southern Company
Article Date
6/27/2017Georgia Power offers storm safety tips for Lightning Safety Awareness Week
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 26, 2017 /PRNewswire/ -- Lightning Safety Awareness Week in Georgia is June 26-30 and, with temperatures rising during the summer months, so does the chance for severe weather. According to the National Weather Service, there are approximately 25 million lightning strikes in the United States each year. Additionally, the National Oceanic and Atmospheric Administration ranks Georgia the eighth-highest state in terms of density of lightning strikes per square mile.
Georgia Power offers the following storm safety tips:
Following severe weather, Georgia Power crews enter the field as soon as it's safe to work. If an outage does occur, Georgia Power's Outage & Storm Center at www.GeorgiaPower.com/Storm is the place for the latest information to be prepared and safe. From the website, customers can access Georgia Power's Outage Map for estimated restorations times and sign up for Outage Alerts via text message and email.
In addition to personal safety, customers should consider adding protection for their home today. Lightning strikes lead to costly insurance claims and are a common cause of power surges, sending a damaging spike in electrical voltage through the meter. Georgia Power's recently launched SurgeDefender™ - the easiest way to add protection for valuable home appliances for just $9.95 per month. To learn more, visit www.GeorgiaPower.com/Surge.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
6/26/2017Summer vacation a great time to save money and energy
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 21, 2017 /PRNewswire/ -- With the busy summer travel season in full swing, Georgia Power reminds customers that following a few simple steps can help deliver big savings even when they're not at home. These summer tips are not only useful when customers are on vacation, but can help them save money and energy every day during the hot summer months.
Tips from Georgia Power this summer include:
Georgia Power offers customers the latest in energy saving products from smart thermostats to LED lighting in a single convenient online portal at www.GeorgiaPowerMarketplace.com.
The site also streamlines the rebate process through integration with customers' Georgia Power accounts. Additionally, customers can access valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Finally, check out step-by-step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
6/21/2017Summer of learning begins statewide with Georgia Power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
Article Date
6/13/20176/10/2017 - Georgia Power enters into new agreements with Toshiba and Westinghouse for Vogtle nuclear expansion
Georgia Power enters into new agreements with Toshiba and Westinghouse for Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 9, 2017 /PRNewswire/ -- Georgia Power, the largest electric subsidiary of Southern Company, has entered into a new agreement with Toshiba, the parent company of Vogtle contractor Westinghouse. The agreement, approved by the U.S. Department of Energy, affirms the value of Toshiba's guarantee at $3.68 billion – providing additional protections for Georgia electric customers following Westinghouse's March bankruptcy. Additionally, Georgia Power and Westinghouse have finalized a new service agreement which allows for the transition of project management at the Vogtle expansion from Westinghouse to Southern Nuclear and Georgia Power. The service agreement is subject to approval of the Westinghouse Board of Directors and certain other conditions, including bankruptcy court approval. The project is co-owned by Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities.
"We are pleased with today's positive developments with Toshiba and Westinghouse that allow momentum to continue at the site while we transition project management from Westinghouse to Southern Nuclear and Georgia Power," said Paul Bowers, chairman, president and CEO of Georgia Power. "We are continuing to work with the project's Co-owners to complete our full-scale schedule and cost-to-complete analysis and will work with the Georgia Public Service Commission to determine the best path forward for our customers."
"We are happy to have Toshiba's cooperation in connection with this agreement which provides a strong foundation for the future of these nuclear power plants," said Thomas A. Fanning, chairman, president and CEO of Southern Company.
In addition to affirming the value of $3.68 billion in parent guarantees from Toshiba, the new agreement also adds clarity on the timing and form of payments for that obligation. Parent guarantees were put in place to protect Georgia electric customers as part of the original contract and the first payment under the new agreement is due from Toshiba in October 2017.
The scope of the service agreement with Westinghouse includes engineering, procurement and licensing support, as well as access to Westinghouse intellectual property needed for the project. The agreement will take effect after approval of the bankruptcy court and rejection of the current engineering, procurement and construction contract by Westinghouse. The interim assessment agreement, which has allowed progress to continue on the construction site, has been extended through June 22.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning scheduled payments under the guarantee agreement, satisfaction of conditions to the effectiveness of the service agreement, and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the results of Westinghouse's bankruptcy filing and the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the engineering, procurement and construction agreement for Plant Vogtle Units 3 and 4, the construction of Plant Vogtle Units 3 and 4, and the U.S. Department of Energy loan guarantees; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
6/10/2017Georgia Power's Mobile Command Center hits the road for a Hurricane Preparedness Tour
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 2, 2017 /PRNewswire/ -- This week marks the start of the 2017 Atlantic Hurricane Season and Georgia Power is hitting the road with its Mobile Command Center (MCC) to highlight the importance of preparedness and electrical safety before, during and after a storm. Georgia Power monitors weather 24 hours a day, 365 days a year and remains ready to respond and restore service to its 2.5 million customers throughout the state whenever severe weather strikes. The company manages storm response activities from its Storm Center in Atlanta and often deploys the MCC to affected areas to serve as the company's communication and tactical hub.
On Friday, June 2, the Georgia Power MCC will depart Atlanta and make its way to Savannah for the annual Hurricane Expo. The road tour will make stops at landmarks along the way, traveling down the evacuation route through Macon on I-16 to its final stop in Savannah. As the MCC treks along hurricane evacuation routes, the public is invited to follow the journey on social media using #GeorgiaPowerPreps.
"Ensuring reliability for customers is our constant commitment and we're prepared both day and night, for summer thunderstorms or once in a century storms like Hurricane Matthew," said Hamilton Hardin, emergency operations director for Georgia Power. "For customers, the time to prepare for severe weather is when the forecast is clear and we are excited about this opportunity to take this important message on the road."
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About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
6/2/2017Plant Vogtle marks 30 years of reliable energy and community impact
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 1, 2017 /PRNewswire/ -- This summer marks the 30th anniversary of the start of operations of the Alvin W. Vogtle Electric Generating Plant (Plant Vogtle). Plant Vogtle Units 1 & 2, which began operation in 1987 and 1989 respectively, are capable of generating a total of 2,430 megawatts – enough energy to reliably power more than 500,000 Georgia homes and businesses simultaneously. Approximately 20 percent of Georgia Power's electricity in 2016 was produced by nuclear generation and Georgians across the state have benefitted from the investments made in Plant Vogtle and the state's other nuclear power plant, Plant Hatch.
Available to meet customer demand 24 hours a day, Plant Vogtle has kept energy flowing in Georgia over the past 30 years while:
"As we mark this incredible milestone for Plant Vogtle and its team, we remain focused on supporting our communities and ensuring that we have the most flexible and diverse generation mix in place to serve our customers today and for decades to come," said Paul Bowers, chairman, president and CEO of Georgia Power. "A diverse fuel mix, including nuclear, is essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs. Working with the Georgia Public Service Commission through the established Integrated Resource Planning process, we are making the right long-term investments and producing a competitive and sustainable energy environment in our state."
In addition to power production for the state's electric customers, Plant Vogtle's community impact over the last 30 years includes:
About Plant Vogtle
Plant Vogtle sits on a 3,200-acre site along the Savannah River, in Burke County near Waynesboro, Georgia. The plant is operated by Southern Nuclear and jointly owned by Georgia Power (45.7 percent), Oglethorpe Power (30 percent), MEAG Power (22.7 percent) and Dalton Utilities (1.6 percent). In June 2009, Plant Vogtle's operating license was extended for 20 years. Construction of two new nuclear units at the site (Vogtle 3 & 4) is currently underway.
The plant is located in a rural area that supports diverse wildlife and, with management programs that enhance habitat for species such as bluebirds, wood ducks and wild turkey, Plant Vogtle has been a certified Wildlife Habitat Council site since 1993. The plant also currently maintains a Safe Harbor Agreement with the Georgia Department of Natural Resources for the red cockaded woodpecker, a federal endangered species.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About Southern Nuclear
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com.
SOURCE Georgia Power
Article Date
6/1/2017Mississippi Power issues statement regarding Kemper County energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., May 31, 2017 /PRNewswire/ -- Mississippi Power today announced that the Kemper County energy facility is not currently fully operational. While the project's monthly status report is due on June 1 to the Mississippi Public Service Commission, the company continues to assess the project's schedule and cost.
On Monday, June 5, the company will file its monthly project status report to provide a full update to the PSC. The company on Monday will also make a rate filing for the project.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for nearly 187,000 customers in 23 southeast Mississippi counties. Mississippi Power ranked first in the Southeast Electric Exchange's 2016 Safety Performance Reports and is consistently recognized as an industry leader in reliability, customer service and safety. Visit our websites at mississippipower.com and www.mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
SOURCE Mississippi Power
Article Date
5/31/2017Georgia Power hosts 2017 Paperless Billing Giveaway
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 25, 2017 /PRNewswire/ -- Georgia Power is encouraging customers to go paperless with the first-ever 2017 Paperless Billing Giveaway. The company is giving away nine $250 Amazon.com gift cards throughout the year by randomly selecting three customers who enroll in Paperless Billing each quarter: April-June, July-September and October-December. Customers should sign up for Paperless Billing early at www.georgiapower.com/paperlessoffer to increase chances of winning.*
More than 750,000 people, or 30 percent of all Georgia Power customers, have enrolled in the Paperless Billing program reducing the amount of paper used to print bills by an estimated 1.5 million pages each year. In addition to reducing paper clutter, going paperless increases convenience with monthly email or text message bill reminders and eliminates the needs for stamps and mailing payments.
"Georgia Power customers are increasingly using digital tools and technology to connect with the company and manage their accounts," said Louise Scott, vice president of customer service for Georgia Power. "Customizable programs like Paperless Billing, along with online tools like My Power Usage at GeorgiaPower.com, help empower our customers to easily pay their bills and make informed decisions about their energy use."
The company constantly looks for ways to evolve how we serve our customers while also making it as easy as possible for them to do business with us. In 2016, Georgia Power opened its Social Media Center in Atlanta to meet the increasing demand for social media engagement and enhance customer service and communication on platforms such as Facebook and Twitter. Additionally, more than 50 percent of Georgia Power customers currently pay their bill electronically and the company offers multiple electronic services for customers, including free Billing Alerts, automatic payments, and easy payment online at GeorgiaPower.com or through the Georgia Power Mobile App. To learn more, visit www.georgiapower.com/paymentoptions.
*The official rules for the 2017 Paperless Billing Giveaway are available here.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
5/25/2017Mark Burns named to Georgia Power Board of Directors
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 18, 2017 /PRNewswire/ -- Georgia Power announced today the election of Mark Burns to the company's board of directors. Burns is the president of Savannah-based Gulfstream Aerospace Corporation and a vice president of General Dynamics, Gulfstream's parent company.
"Mark brings more than 30 years of diverse business experience to our board," said Paul Bowers, chairman, president and CEO of Georgia Power. "Under his leadership, Gulfstream has continued to evolve and advance as an aviation industry leader in technology, innovation and customer service – all of which are also core focus areas for Georgia Power as we work to reliably serve our customers and build the future of energy."
Burns joined Gulfstream in 1983 and was named president in February 2015. He has worked in a variety of technical and engineering roles throughout the company including the GIV flight test program as well as a computer-aided design operator. Prior to being named president of Gulfstream, he served in various executive leadership roles including Product Support President, vice president of Customer Support, vice president of the Savannah service center, and vice president of Completions Engineering.
A native of Savannah, Burns holds a bachelor's degree in mechanical engineering from Georgia Southern University. He currently serves on the board of directors of the General Aviation Manufacturers Association (GAMA) and the associate member advisory council of the National Business Aviation Association (NBAA).
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
5/18/2017Georgia Power announces new 139-MW solar project at Robins Air Force Base
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 16, 2017 /PRNewswire/ -- Georgia Power has announced plans to build a new 139 megawatt (MW) solar facility adjacent to Robins Air Force Base (AFB) in Warner Robins, Georgia, just south of Macon. The project was approved Tuesday by the Georgia Public Service Commission (PSC) and will be the sixth large-scale solar project to be developed by Georgia Power working with the United States military and the Georgia PSC. The Warner Robins facility will be the largest single solar project to date to be constructed by Georgia Power.
The new solar facility will be located on approximately 870 acres of land reserved to prevent encroachment near the base, and is expected to include more than 500,000 solar panels. As with the company's other military projects, power from the facility will be delivered to the state's electric grid at or below the company's avoided cost, the amount projected it would cost the company to generate comparable energy from other sources. The solar project at Robins AFB is estimated to represent a more than $200 million investment and will help to enable the base to meet critical energy security and energy resiliency goals.
"Today's exciting announcement is the result of extensive collaboration between Georgia Power, the Georgia PSC and the U.S. Air Force, as well as the foresight of local leaders and our neighbors in central Georgia," said Norrie McKenzie, Georgia Power's vice president of Renewable Development. "At Robins Air Force Base, and across the state, we have found that we share a mission with our nation's military to secure local bases and contribute to our country's energy independence, while also adding cost-effective renewable generation as part of a diverse energy mix to provide our customers with reliable, affordable energy."
Georgia Power expects to conduct planning, engineering and design for the project, as well as a competitive bid process to select a construction contractor, throughout 2017 and 2018. Construction of the facility is expected to begin no earlier than 2018 and the project is expected to enter commercial operation before the end of 2019.
Georgia Power currently owns and operates 120 MW of large-scale solar facilities now online at Georgia military bases, including projects with the U. S. Army at Fort Benning, Fort Gordon and Fort Stewart and with the Department of the Navy at SUBASE Kings Bay. In addition, the company is currently building a 31 MW solar facility at Marine Corps Logistics Base Albany.
Through its various solar programs, the company is adding millions of solar panels to Georgia's energy landscape while also ensuring reliability for customers. With approval from the Georgia PSC through the company's 2016 Integrated Resource Plan, Georgia Power plans to add up to 1,600 MW of renewable energy through 2021, fueling the state's momentum as one of the fastest growing solar and renewable energy markets in the nation.
To learn more about Georgia Power solar programs, including resources and services available for business and residential customers, visit www.GeorgiaPower.com/Solar.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the timing of construction projects and expected future renewable capacity. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
5/16/2017Southern Company named U.S. Company of the Year by Conexx
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 15, 2017 /PRNewswire/ -- Southern Company has been named the U.S. Company of the Year by Conexx, the premier organization connecting Americans and Israelis via business. Southern Company Chairman, CEO & President Thomas A. Fanning accepted the award on behalf of the company at the 2017 Conexx Gala in Atlanta.
"Conexx has been a terrific partner as together we continue to build the future of energy," Fanning said. "On behalf of everyone at Southern Company, I am proud to accept this award and proud of our work with Conexx to cultivate business opportunities for both American and Israeli companies."
Southern Company was recognized for its outstanding contributions to the U.S.-Israel business relationship as it continues to innovate and shape the future of energy by developing the full portfolio of energy resources. Southern Company partnered with Conexx to explore innovation in various industry sectors including alternative energy, cybersecurity, homeland security, water, smart cities, transportation, marketing technology and indoor agriculture. Furthermore, Southern Company representatives have traveled to Israel. Most recently, the Georgia Power economic development department visited Israel and collaborated with the Georgia Department of Economic Development representative in Israel to bring Israeli companies to Georgia.
Conexx was established in 1992 as the American-Israel Chamber of Commerce, Southeast Region. Today, Conexxis a private, not-for profit, non-governmental business organization connecting Israelis and Americans in business and exploring new market opportunities. With over 500 members, Conexx is recognized for delivering value to those looking to connect with Israel and create value in support of the business between Israel and the U.S.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
5/15/2017Lamesa Solar Facility in Texas begins commercial operation
Source: PR Newswire
ATLANTA, May 15, 2017 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the commercial operation of the 102-megawatt (MW) Lamesa Solar Facility in Dawson County, Texas. With three large-scale solar projects operating in the state, Southern Power owns one of the largest utility-scale solar portfolios in Texas.
"The Lamesa Solar Facility is an important addition to our growing renewable fleet, and we look forward to operating it for the benefit of our customer," said Southern Power President and CEO Buzz Miller. "By providing clean, affordable, wholesale generation, we are able to deliver on our promise to help build the future of energy."
Southern Power acquired the facility in July 2016 from Renewable Energy Systems Americas Inc. (RES), which provided full project EPC services and is serving as the operations and maintenance contractor for the facility.
Located on 887 acres in Dawson County, the facility consists of approximately 410,000 photovoltaic solar panels and is capable of generating enough wholesale generation to help meet the average energy needs of approximately 15,000 Texas homes. The City of Garland, Texas, is purchasing the energy and associated renewable energy credits, which it may keep or sell, under a 15-year power purchase agreement.
With the Lamesa Solar Facility, Southern Power owns more than 1,200 MW of renewable generation across eight wind, solar and biomass facilities in Texas. The Lamesa Solar Facility fits Southern Power's strategic business model of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts with creditworthy counterparties.
Southern Power has announced approximately 3,200 MW of renewable ownership across the U.S. In all, the Southern Company system has added or announced more than 6,500 MW of renewable energy projects since 2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider, meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own 46 facilities in 11 states, with more than 12,600 MW of generating capacity operating or under development in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
5/15/2017New service agreement reached for Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 12, 2017 /PRNewswire/ -- Georgia Power and Westinghouse have, in principle, reached a new service agreement which allows for the transition of project management from Westinghouse to Southern Nuclear and Georgia Power once the current engineering, procurement and construction contract is rejected in Westinghouse's bankruptcy proceeding.
The interim assessment agreement will remain in place until June 3 while the new service agreement is finalized and all approvals are obtained. During this time, work will continue at the site and an orderly transition of project management will begin. As previously stated, the company will take all actions necessary to hold Westinghouse and Toshiba accountable for their financial obligations.
Georgia Power will continue work to complete its full-scale schedule and cost-to-complete analysis and work with the project Co-owners (Oglethorpe Power, MEAG Power and Dalton Utilities) and the Georgia Public Service Commission to determine the best path forward for customers.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning finalization of agreements and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the results of Westinghouse's bankruptcy filing and the impact of any inability or other failure of Toshiba to perform its obligations under its guarantee, including any effect on the engineering, procurement and construction agreement for Plant Vogtle Units 3 and 4, the construction of Plant Vogtle Units 3 and 4, and the U.S. Department of Energy loan guarantees; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
5/13/20175/12/2017 - Georgia Power introduces SurgeDefender(TM)
Georgia Power introduces SurgeDefender(TM)
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 12, 2017 /PRNewswire/ -- Georgia Power has launched its new SurgeDefender™ program – an easy way for customers to protect motor-driven household appliances and help prevent costly repairs due to power surges. With SurgeDefender, a state-of-the-art surge protection device is installed at the Georgia Power meter, providing protection for single-family homes, duplexes, condos and townhomes. The optional service is available for a flat fee of $9.95 per month added to the customer's Georgia Power bill after free installation.
Enrolling in the program is easy at www.GeorgiaPower.com/Surge or by calling 877-881-6560. Once enrollment is confirmed and an appointment is scheduled, SurgeDefender installation typically takes less than 30 minutes and homeowners usually don't need to be present.
"SurgeDefender is the latest example of new products and services we're developing to better meet the needs of our customers while also enhancing reliability and providing peace of mind," said Michael Shepherd, product manager for the SurgeDefender program. "When severe weather strikes, customers enrolled in the program can rest assured that appliances, which are significant financial investments in the home, are protected."
Lightning strikes are one of the most common causes of power surges, sending a sudden spike in electrical current through the electrical meter and home wiring. A single lightning strike can create a power surge strong enough to cause irreparable damage to appliances such as the washer and dryer, refrigerator, dishwasher, HVAC system and more. Georgia ranks as one of the highest states nationally for lightning-related insurance claims.
Georgia Power works every day to ensure high reliability and, when severe weather causes power outages, restore service as quickly and safely as possible. In addition to considering SurgeDefender protection, the company encourages customers to be prepared for storms by visiting its online Outage & Storm Center at www.GeorgiaPower.com/Storm. Within the site, customers can sign up for free personalized Outage Alerts, report and check the status of outages, and access useful safety tips and information. The website also houses the company's interactive Outage Map which provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
5/12/2017Southern Company reports first-quarter 2017 earnings
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 3, 2017 /PRNewswire/ -- Southern Company today reported first-quarter 2017 earnings of $658 million, or 66 cents per share, compared with earnings of $489 million, or 53 cents per share, in the first quarter of 2016.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $652 million, or 66 cents per share, during the first quarter of 2017, compared with $536 million, or 58 cents per share, during the first quarter of 2016.
|
Non-GAAP Financial Measures |
Three Months Ended March | ||||
|
Net Income - Excluding Items (in millions) |
2017 |
2016 | |||
|
Net Income - As Reported |
$658 |
$489 | |||
|
Estimated Loss on Kemper IGCC |
108 |
53 | |||
|
Tax Impact |
(41) |
(20) | |||
|
Loss on Plant Scherer Unit 3 |
33 |
- | |||
|
Tax Impact |
(13) |
- | |||
|
Acquisition and Integration Costs |
4 |
20 | |||
|
Tax Impact |
(1) |
(6) | |||
|
Wholesale Gas Services |
(114) |
- | |||
|
Tax Impact |
46 |
- | |||
|
Earnings Guidance Comparability Item: |
|||||
|
Equity Return Related to Kemper IGCC Schedule Extension |
(23) |
- | |||
|
Tax Impact |
(5) |
- | |||
|
Net Income – Excluding Items |
$652 942 |
$536 910 | |||
|
Average Shares Outstanding – (in millions) |
993 |
916 | |||
|
Basic Earnings Per Share – Excluding Items |
$0.66 |
$0.58 | |||
|
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package. | |||||
Earnings drivers year-over-year for the first quarter 2017 were positively influenced by Southern Company Gas, which was acquired on July 1, 2016. Additionally, earnings were positively influenced by retail revenue effects and lower non-fuel operating and maintenance costs at Southern Company's traditional electric operating companies. These impacts were partially offset by mild weather, increased interest expense and share issuances.
"Each of our major business units had a great start to the year," said Chairman, President and CEO Thomas A. Fanning. "Despite headwinds from unseasonably warm weather during the first two months of the year, our traditional electric and gas operating companies performed well, and they are on track to deliver on their targets for 2017 and beyond. In fact, Southern Company Gas – including its seven premier state-regulated gas utilities – performed exactly as expected."
First quarter 2017 operating revenues were $5.77 billion, compared with $3.99 billion for the first quarter of 2016, an increase of 44.6 percent. Southern Company Gas accounted for $1.56 billion of the increase in operating revenues for the first quarter of 2017.
Southern Company's first quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning performance targets. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, including potential tax reform, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity and natural gas, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of natural gas and other fuels; limits on pipeline capacity; effects of inflation; the ability to control costs and avoid cost overruns during the development, construction, and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, sustaining nitrogen supply, continued issues with ash removal systems, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission (PSC)); the results of the bankruptcy filing of Westinghouse Electric Company LLC and WECTEC Global Project Services Inc. (together, the Contractor) and the impact of any inability or other failure by Toshiba Corporation to perform its obligations under its guarantee of certain obligations of the Contractor, including any effect on the construction of Plant Vogtle Units 3 and 4 and Georgia Power's Department of Energy loan guarantee; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the Southern Company system's employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County Mississippi (Kemper IGCC), including the ultimate impact of the 2015 decision of the Mississippi Supreme Court and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, and the diversion of management time on integration-related issues; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the Department of Energy loan guarantees; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
|
Southern Company | ||||||||
|
Financial Highlights | ||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||
|
Three Months Ended | ||||||||
|
Net Income–As Reported (See Notes) |
2017 |
2016 | ||||||
|
Traditional Electric Operating Companies |
$ |
432 |
$ |
465 |
||||
|
Southern Power |
70 |
50 |
||||||
|
Southern Company Gas1 |
239 |
— |
||||||
|
Total |
741 |
515 |
||||||
|
Parent Company and Other |
(83) |
(26) |
||||||
|
Net Income–As Reported |
$ |
658 |
$ |
489 |
||||
|
Basic Earnings Per Share2 |
$ |
0.66 |
$ |
0.53 |
||||
|
Average Shares Outstanding (in millions) |
993 |
916 |
||||||
|
End of Period Shares Outstanding (in millions) |
995 |
918 |
||||||
|
Non-GAAP Financial Measures |
Three Months Ended | |||||||
|
Net Income–Excluding Items (See Notes) |
2017 |
2016 | ||||||
|
Net Income–As Reported |
$ |
658 |
$ |
489 |
||||
|
Estimated Loss on Kemper IGCC3 |
108 |
53 |
||||||
|
Tax Impact |
(41) |
(20) |
||||||
|
Loss on Plant Scherer Unit 34 |
33 |
— |
||||||
|
Tax Impact |
(13) |
— |
||||||
|
Acquisition and Integration Costs5 |
4 |
20 |
||||||
|
Tax Impact |
(1) |
(6) |
||||||
|
Wholesale Gas Services6 |
(114) |
— |
||||||
|
Tax Impact |
46 |
— |
||||||
|
Earnings Guidance Comparability Item: |
||||||||
|
Equity Return Related to Kemper IGCC Schedule Extension7 |
(23) |
— |
||||||
|
Tax Impact |
(5) |
— |
||||||
|
Net Income–Excluding Items |
$ |
652 |
$ |
536 |
||||
|
Basic Earnings Per Share–Excluding Items |
$ |
0.66 |
$ |
0.58 |
||||
|
- See Notes on the following page. | ||||||||
|
Southern Company | ||||||||
|
Financial Highlights | ||||||||
|
Notes |
||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $4.5 million for the three months ended March 31, 2016. | ||||||||
|
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | ||||||||
|
(2) For the three months ended March 31, 2017 and 2016, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||
|
(3) Earnings for the three months ended March 31, 2017 and 2016 include the estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Similar charges of uncertain amounts may occur with uncertain frequency in future periods. | ||||||||
|
(4) Earnings for the three months ended March 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of the retail rate case settlement approved by the Florida Public Service Commission on April 4, 2017. Further charges are not expected to occur. | ||||||||
|
(5) Earnings for the three months ended March 31, 2017 and 2016 include costs related to the acquisition and integration of Southern Company Gas. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | ||||||||
|
(6) Earnings for the three months ended March 31, 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||
|
(7) Earnings for the three months ended March 31, 2017 include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. Southern Company's 2017 earnings guidance, initially presented in October 2016, assumed construction would be complete and AFUDC equity would cease by November 30, 2016. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to the 2017 guidance. Management also uses such measures to evaluate Southern Company's performance in 2017. | ||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Three Months Ended | ||||||||||||
|
2017 |
2016 |
Change | ||||||||||
|
Earnings Per Share– |
||||||||||||
|
As Reported1 (See Notes) |
$ |
0.66 |
$ |
0.53 |
$ |
0.13 |
||||||
|
Significant Factors: |
||||||||||||
|
Traditional Electric Operating Companies |
$ |
(0.04) |
||||||||||
|
Southern Power |
0.02 |
|||||||||||
|
Southern Company Gas2 |
0.26 |
|||||||||||
|
Parent Company and Other |
(0.06) |
|||||||||||
|
Increase in Shares |
(0.05) |
|||||||||||
|
Total–As Reported |
$ |
0.13 |
||||||||||
|
Three Months Ended March | ||||||||||||
|
Non-GAAP Financial Measures |
2017 |
2016 |
Change | |||||||||
|
Earnings Per Share– |
||||||||||||
|
Excluding Items (See Notes) |
$ |
0.66 |
$ |
0.58 |
$ |
0.08 |
||||||
|
Total–As Reported |
$ |
0.13 |
||||||||||
|
Kemper IGCC Impacts3 |
0.01 |
|||||||||||
|
Loss on Plant Scherer Unit 34 |
0.02 |
|||||||||||
|
Acquisition and Integration Costs5 |
(0.01) |
|||||||||||
|
Wholesale Gas Services6 |
(0.07) |
|||||||||||
|
Total–Excluding Items |
$ |
0.08 |
||||||||||
|
- See Notes on the following page. |
||||||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Notes |
||||||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $4.5 million for the three months ended March 31, 2016. | ||||||||||||
|
(1) For the three months ended March 31, 2017 and 2016, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||
|
(2) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | ||||||||||||
|
(3) Earnings for the three months ended March 31, 2017 and 2016 include the estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Similar charges of uncertain amounts may occur with uncertain frequency in future periods.
Earnings for the three months ended March 31, 2017 also include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. Southern Company's 2017 earnings guidance, initially presented in October 2016, assumed construction would be complete and AFUDC equity would cease by November 30, 2016. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to the 2017 guidance. Management also uses such measures to evaluate Southern Company's performance in 2017. | ||||||||||||
|
(4) Earnings for the three months ended March 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of the retail rate case settlement approved by the Florida Public Service Commission on April 4, 2017. Further charges are not expected to occur. | ||||||||||||
|
(5) Earnings for the three months ended March 31, 2017 and 2016 include costs related to the acquisition and integration of Southern Company Gas. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | ||||||||||||
|
(6) Earnings for the three months ended March 31, 2017 include the Wholesale Gas Services business of Southern Company Gas. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | ||||||||||||
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended March 2017 vs. March 2016 | |
|
Cents |
Description |
|
(1)¢ |
Retail Sales |
|
8¢ |
Retail Revenue Impacts |
|
(9)¢ |
Weather |
|
7¢ |
Non-Fuel O&M |
|
(3)¢ |
Other Income and Deductions |
|
(1)¢ |
Interest Expense |
|
(2)¢ |
Income Taxes |
|
(1)¢ |
Total Traditional Electric Operating Companies |
|
2¢ |
Southern Power |
|
19¢ |
Southern Company Gas1 |
|
(7)¢ |
Parent and Other |
|
(5)¢ |
Increase in Shares |
|
8¢ |
Total Change in EPS (Excluding Items) |
|
(1)¢ |
Kemper IGCC Impacts2 |
|
(2)¢ |
Loss on Plant Scherer Unit 33 |
|
1¢ |
Acquisition and Integration Costs4 |
|
7¢ |
Gas Wholesale Services5 |
|
13¢ |
Total Change in EPS (As Reported) |
|
- See Notes on the following page. | |
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended March 2017 vs. March 2016 | |
|
Notes | |
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $4.5 million for the three months ended March 31, 2016. | |
|
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | |
|
(2) Earnings for the three months ended March 31, 2017 and 2016 include the estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Similar charges of uncertain amounts may occur with uncertain frequency in future periods.
Earnings for the three months ended March 31, 2017 also include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. Southern Company's 2017 earnings guidance, initially presented in October 2016, assumed construction would be complete and AFUDC equity would cease by November 30, 2016. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to the 2017 guidance. Management also uses such measures to evaluate Southern Company's performance in 2017. | |
|
(3) Earnings for the three months ended March 31, 2017 include a $32.5 million write-down ($20 million after tax) of Gulf Power Company's ownership of Plant Scherer Unit 3 as a result of the retail rate case settlement approved by the Florida Public Service Commission on April 4, 2017. Further charges are not expected to occur. | |
|
(4) Earnings for the three months ended March 31, 2017 and 2016 include costs related to the acquisition and integration of Southern Company Gas. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | |
|
(5) Earnings for the three months ended March 31, 2017 include the Wholesale Gas Services business of Southern Company Gas in future periods. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility resulting from mark-to-market and lower of weighted average cost or current market price accounting adjustments. | |
|
Southern Company | ||||||||||||
|
Consolidated Earnings As Reported | ||||||||||||
|
(In Millions of Dollars) | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
2017 |
2016 |
Change | ||||||||||
|
Income Account- |
||||||||||||
|
Retail Electric Revenues- |
||||||||||||
|
Fuel |
$ |
928 |
$ |
875 |
$ |
53 |
||||||
|
Non-Fuel |
2,466 |
2,502 |
(36) |
|||||||||
|
Wholesale Electric Revenues |
531 |
396 |
135 |
|||||||||
|
Other Electric Revenues |
175 |
181 |
(6) |
|||||||||
|
Natural Gas Revenues |
1,530 |
— |
1,530 |
|||||||||
|
Other Revenues |
141 |
38 |
103 |
|||||||||
|
Total Revenues |
5,771 |
3,992 |
1,779 |
|||||||||
|
Fuel and Purchased Power |
1,175 |
1,076 |
99 |
|||||||||
|
Cost of Natural Gas |
719 |
— |
719 |
|||||||||
|
Cost of Other Sales |
88 |
19 |
69 |
|||||||||
|
Non-Fuel O & M |
1,329 |
1,107 |
222 |
|||||||||
|
Depreciation and Amortization |
716 |
541 |
175 |
|||||||||
|
Taxes Other Than Income Taxes |
330 |
256 |
74 |
|||||||||
|
Estimated Loss on Kemper IGCC |
108 |
53 |
55 |
|||||||||
|
Total Operating Expenses |
4,465 |
3,052 |
1,413 |
|||||||||
|
Operating Income |
1,306 |
940 |
366 |
|||||||||
|
Allowance for Equity Funds Used During Construction |
57 |
53 |
4 |
|||||||||
|
Earnings from equity method investments |
39 |
— |
39 |
|||||||||
|
Interest Expense, Net of Amounts Capitalized |
416 |
246 |
170 |
|||||||||
|
Other Income (Expense), net |
(6) |
(29) |
23 |
|||||||||
|
Income Taxes |
315 |
217 |
98 |
|||||||||
|
Net Income |
665 |
501 |
164 |
|||||||||
|
Less: |
||||||||||||
|
Dividends on Preferred and Preference Stock of Subsidiaries |
11 |
11 |
— |
|||||||||
|
Net Income (Loss) Attributable to Noncontrolling Interests |
(4) |
1 |
(5) |
|||||||||
|
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY |
$ |
658 |
$ |
489 |
$ |
169 |
||||||
|
Notes |
||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $4.5 million for the three months ended March 31, 2016. | ||||||||||||
|
Southern Company | ||||||||||||
|
Kilowatt-Hour Sales and Customers | ||||||||||||
|
(In Millions of KWHs) | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
2017 |
2016 |
Change |
Weather | |||||||||
|
Kilowatt-Hour Sales- |
||||||||||||
|
Total Sales |
45,693 |
45,476 |
0.5 |
% |
||||||||
|
Total Retail Sales- |
35,504 |
38,038 |
(6.7) |
% |
(1.1) |
% | ||||||
|
Residential |
10,916 |
12,602 |
(13.4) |
% |
0.8 |
% | ||||||
|
Commercial |
11,768 |
12,323 |
(4.5) |
% |
(1.9) |
% | ||||||
|
Industrial |
12,606 |
12,888 |
(2.2) |
% |
(2.2) |
% | ||||||
|
Other |
214 |
225 |
(4.9) |
% |
(4.7) |
% | ||||||
|
Total Wholesale Sales |
10,189 |
7,438 |
37.0 |
% |
N/A | |||||||
|
(In Thousands of Customers) | ||||||||||||
|
Period Ended March |
||||||||||||
|
2017 |
20161 |
Change |
||||||||||
|
Regulated Utility Customers- |
||||||||||||
|
Total Utility Customers- |
9,226 |
9,155 |
0.8 |
% |
||||||||
|
Total Traditional Electric |
4,608 |
4,561 |
1.0 |
% |
||||||||
|
Southern Company Gas |
4,618 |
4,594 |
0.5 |
% |
||||||||
|
Notes |
||||||||||||
|
(1) Southern Company's acquisition of Southern Company Gas was completed on July 1, 2016. March 2016 customers are shown on a pro forma basis for comparative purposes. | ||||||||||||
|
Southern Company | |||||||||||
|
Financial Overview As Reported | |||||||||||
|
(In Millions of Dollars) | |||||||||||
|
Three Months Ended March | |||||||||||
|
2017 |
2016 |
% Change | |||||||||
|
Southern Company – |
|||||||||||
|
Operating Revenues |
$ |
5,771 |
$ |
3,992 |
44.6 |
% | |||||
|
Earnings Before Income Taxes |
980 |
718 |
36.5 |
% | |||||||
|
Net Income Available to Common |
658 |
489 |
34.6 |
% | |||||||
|
Alabama Power – |
|||||||||||
|
Operating Revenues |
$ |
1,382 |
$ |
1,331 |
3.8 |
% | |||||
|
Earnings Before Income Taxes |
304 |
262 |
16.0 |
% | |||||||
|
Net Income Available to Common |
174 |
156 |
11.5 |
% | |||||||
|
Georgia Power – |
|||||||||||
|
Operating Revenues |
$ |
1,832 |
$ |
1,872 |
(2.1) |
% | |||||
|
Earnings Before Income Taxes |
420 |
432 |
(2.8) |
% | |||||||
|
Net Income Available to Common |
260 |
269 |
(3.3) |
% | |||||||
|
Gulf Power – |
|||||||||||
|
Operating Revenues |
$ |
350 |
$ |
335 |
4.5 |
% | |||||
|
Earnings Before Income Taxes |
34 |
51 |
(33.3) |
% | |||||||
|
Net Income Available to Common |
18 |
29 |
(37.9) |
% | |||||||
|
Mississippi Power – |
|||||||||||
|
Operating Revenues |
$ |
272 |
$ |
257 |
5.8 |
% | |||||
|
Earnings (Loss) Before Income Taxes |
(47) |
1 |
N/M | ||||||||
|
Net Income (Loss) Available to Common |
(20) |
11 |
N/M | ||||||||
|
Southern Power – |
|||||||||||
|
Operating Revenues |
$ |
450 |
$ |
315 |
42.9 |
% | |||||
|
Earnings Before Income Taxes |
14 |
28 |
(50.0) |
% | |||||||
|
Net Income Available to Common |
70 |
50 |
40.0 |
% | |||||||
|
Southern Company Gas1 – |
|||||||||||
|
Operating Revenues |
$ |
1,560 |
$ |
— |
N/A | ||||||
|
Earnings Before Income Taxes |
389 |
— |
N/A | ||||||||
|
Net Income Available to Common |
239 |
— |
N/A | ||||||||
|
N/M - not meaningful |
|||||||||||
|
N/A - not applicable |
|||||||||||
|
Notes |
|||||||||||
|
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $4.5 million for the three months ended March 31, 2016. | |||||||||||
|
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas. | |||||||||||
SOURCE Southern Company
Article Date
5/3/2017Georgia Power introduces new PSA during National Electric Safety Month
Source: PR Newswire
ATLANTA, May 1, 2017 /PRNewswire/ -- May is National Electric Safety Month across the country and to help promote electric safety to its customers, Georgia Power today released a new public service announcement (PSA) highlighting the common electrical dangers customers face in their homes. The PSA, which is being distributed by the Georgia Association of Broadcasters, was produced in English and Spanish and both versions can be viewed on the company's YouTube channel.
"Our number one priority is the safety of our customers and employees and the mistakes highlighted in our PSA are real situations we hear about almost every day," said Pedro Cherry, executive vice president of Customer Service and Operations for Georgia Power. "Whether at home or work, electricity is a pervasive, important part of our lives and keeping simple safety top of mind is the easiest way to avoid accidents."
Electrical Safety Month Tips from Georgia Power:
Georgia Power invites customers to follow the conversation on social media using #NationalElectricSafetyMonth and follow @GeorgiaPower on Twitter for more safety tips throughout the month. To learn more about electrical safety and access additional tools and resources from the company, visit www.georgiapower.com/safety.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
5/1/2017Interim assessment agreement for Vogtle nuclear expansion extended
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 28, 2017 /PRNewswire/ -- Georgia Power and Westinghouse have extended the interim assessment agreement that will allow work to continue at the site through May 12. During this time, the parties will continue to work on finalizing a new service agreement which would, if necessary, assure that Westinghouse continues to provide design, engineering and procurement services to Southern Nuclear as a part of their assumption of control over construction management.
Georgia Power will continue work to complete its full-scale schedule and cost-to-complete analysis and actively work with the Georgia Public Service Commission and the Co-owners (Oglethorpe Power, MEAG and Dalton Utilities) to determine the best path forward for customers. The company will continue to take every action available to hold Westinghouse and Toshiba accountable for their financial responsibilities under the engineering, procurement and construction (EPC) agreement and the parent guarantee.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the potential service agreement with Westinghouse and other future actions related to Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the results of Westinghouse's bankruptcy filing, including the effect on the engineering, procurement and construction agreement for Plant Vogtle Units 3 and 4, the construction of Plant Vogtle Units 3 and 4, and the U.S. Department of Energy loan guarantees; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development construction and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in The Southern Company's or Georgia Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of U.S. Department of Energy loan guarantees; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
4/29/2017Southern Nuclear provides significant charitable contributions in its local communities
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 27, 2017 /PRNewswire/ -- For the first quarter of 2017, Southern Nuclear, a subsidiary of Southern Company headquartered in Birmingham, Ala., donated nearly $34,000 to schools and programs in the communities where it operates.
"One of our top priorities is to be one of the greatest assets to our communities," said Steve Kuczynski, president and CEO of Southern Nuclear. "We want residents to feel that our presence enhances their quality of life and makes our communities stronger. We also support educational programs for local youth, who we hope will be part of our future workforce."
Southern Nuclear's charitable giving program has four focus areas: health and human services; education; civic, cultural and community; and environmental. Applications are sponsored by company employees and submitted on a monthly basis.
"Open Hands Overflowing Hearts (OHOH) was formed by a family friend who was diagnosed with neuroblastoma – a form of pediatric cancer – with a mission to raise money for the research of childhood cancers," said John Giddens, Southern Nuclear regulatory affairs project manager. "My daughter, Jennifer, became involved and embarked on a solo campaign to raise awareness and money for OHOH by hiking the entire Appalachian Trail – 2,189 miles. The contribution from Southern Nuclear significantly helped Jennifer's campaign goal of $15,780 – the number of children diagnosed with pediatric cancer each year."
Southern Nuclear's 2017 first-quarter charitable contributions:
Desert Island Supply Company in Birmingham, Ala., helps students develop the creative tools they need to explore and document their worlds. Our charitable contribution will support the Epic Read-a-Thon.
Norma Livingston Ovarian Cancer Foundation in Birmingham, Ala., raises funds for ovarian cancer research through various events and opportunities and increases awareness about the risks, symptoms and treatments of this disease. Our charitable contribution will support the 15th Annual Motherwalk 2017 5K and Fun Run.
National Veterans Day Foundation is in Birmingham, Ala., home of the nation's first Veterans Day parade. It organizes the city's annual parade and hosts recognition events for veterans. Our charitable contribution will support the various events held annually.
YMCA Youth Center in Birmingham, Ala., is a branch of the Greater Birmingham YMCA dedicated to serving the health and educational needs of youth year-round. Our charitable contribution will support the annual campaign.
Glenwood Inc. in Birmingham, Ala., leads the state in providing behavioral health care and educational services for individuals with Autism Spectrum Disorder and severe emotional disturbances. Our charitable contribution will support Glenwood's 25th Annual Ireland Legacy Tournament.
Dothan Educational Foundation in Dothan, Ala., provides Dothan City Schools with funding to help pay for special projects that could not otherwise be funded with annual school budget dollars. Our charitable contribution will sponsor the Spirit of Education luncheon.
Dothan Houston County Substance Abuse Partnership in Dothan, Ala., creates a sense of awareness and ownership of the drug and alcohol problem in the community and involves as many citizens, both young and old, as possible to develop and implement solutions. Our charitable contribution will support the Dancing with the Stars Dothan fundraising event.
Hits for Heroes is a baseball event in Dothan, Ala., to raise awareness and money for soldiers who are still deployed and need our support, encouragement and supplies. Our charitable contribution will support the baseball event.
American Cancer Society's Relay for Life events in Toombs and Appling counties, are part of the ACS's signature fundraiser in its mission to make a global impact on cancer. Our charitable contribution will help host the events.
Open Hands Overflowing Hearts in Birmingham, Ala., shines a light on children who suffer from cancer and raises money for research to end childhood cancer. Our charitable contribution will support the Trekkin for Change pediatric cancer research fundraiser.
National Society of Black Engineers is one of the largest student-run organizations in the United States, with core activities centered on improving the recruitment and retention of black and other minority engineers, in both academe and industry. Our charitable contribution will support the 36th annual scholarship and awards banquet.
Auburn University Foundation in Auburn, Ala., receives all charitable contributions made in support of Auburn University and Auburn University at Montgomery. Our charitable contribution is for the annual engineering scholarship.
St. Francis Xavier Catholic School is in Birmingham, Ala. Our charitable contribution will support the annual school fundraising gala.
McWane Science Center is a children's science museum in Birmingham, Ala. It combines its unique assets to create unique, hands-on, science-learning experiences that parents and teachers value and kids love. Our charitable contribution will support the annual engineering showcase.
Screven County Board of Education is in Sylvania, Ga. Our charitable contribution will allow the board to purchase Chromebook computer tablets for students.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
4/27/2017Georgia Power ranked 5th on SEPA Top 10 list for solar connected in 2016
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 26, 2017 /PRNewswire/ -- The Smart Electric Power Alliance (SEPA), formerly the Solar Electric Power Association, announced today that it has named Georgia Power to its annual Top 10 Utility Solar list. The annual list, released at the Utility Solar Conference in Tucson, Arizona, recognizes a select group of U.S. utilities for solar connections to the grid in 2016. Georgia Power ranked 10th in 2015 and advanced to 5th among 412 utilities in 2016. Solar systems installed in Georgia in 2016 as a result of Georgia Power's solar programs totaled 553 megawatts.
"We are proud to be recognized once again by SEPA as an industry leader in advancing renewable energy for our customers," said Norrie McKenzie, vice president of Renewable Development for Georgia Power. "We have focused on growing solar and other renewable generation sources in coordination with the Georgia Public Service Commission and the solar industry in a way that ensures reliability, diversifies our energy mix and helps keep our rates low for customers."
"One of the reasons we started the Utility Solar Top 10 lists back in 2007 was to highlight the key, but often unrecognized role utilities were taking in putting new solar on the grid," said SEPA President and CEO Julia Hamm. "At this pivotal moment in the U.S. energy transition, the industry leaders on this year's Top 10 lists -- such as Georgia Power -- will continue to be critical to the growth of solar, storage and other distributed energy resources on the grid."
Year after year, Georgia Power has worked with the Georgia PSC to add solar to its generation portfolio through diverse and innovative programs designed to prevent putting upward pressure on customer rates. Customer-focused programs include the recently introduced Simple Solar option for customers who want to support solar energy, but are unable or choose not to install a solar system at their home or business, as well as a rooftop solar education, consultation and installation service. Georgia Power's renewable development strategy also includes large-scale, competitive solar solicitations such as the Advanced Solar Initiative (ASI) and Renewable Energy Development Initiative (REDI). Millions of solar panels have been installed across Georgia as part of Georgia Power programs, including the ASI as well as five new on-base solar initiatives with the U.S. Army and Department of the Navy.
With one of the largest voluntary renewable portfolios in the nation, Georgia Power now has 855 MW* of solar capacity in operation, with accelerating growth year over year since 2013. Through implementation of the new REDI, approved by the PSC in 2016, as well as other solar projects and programs, the company expects to add up to 1,600 MW of additional renewable capacity by 2021.
To learn more about Georgia Power's solar programs, including a variety of solar tools and resources for customers, visit www.GeorgiaPower.com/Solar. To learn more about SEPA, visit www.sepapower.org.
* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected future renewable capacity. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
4/26/2017Alabama Power partners with Signature Homes to develop Smart Neighborhood(TM)
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 21, 2017 /PRNewswire/ -- Alabama Power is partnering with Signature Homes, Southern Company, Oak Ridge National Laboratory and technology vendors to introduce Smart Neighborhood™ by Alabama Power.
Equipped for tomorrow and efficient today, this state-of-the-art community of 62 homes will feature emerging energy-efficient technologies, materials and appliances, and a community-scale power system.
Smart Neighborhood – to be located at Signature Homes' new Reynold's Landing community at Ross Bridge in Hoover – is a research and demonstration project where energy usage and performance data are collected from the homes' innovative features. The information will be analyzed to understand how the features can improve the ways homes are built and function to make people's lives easier.
Information from the HVAC systems, heat pump water heaters and other technologies will help Alabama Power determine which programs and services can provide new, creative energy solutions for customers.
"Customers today expect energy solutions that fit their lifestyles, and that is the idea behind Smart Neighborhood by Alabama Power," said John Hudson, senior vice president of Marketing and Business Development. "Our goal is to continue to enhance our customers' experiences and to ensure they have more control over their energy use."
The energy for Smart Neighborhood will be provided by the existing electric grid, as well as a community-scale power system called a "microgrid," which is composed of solar panels, battery storage and backup generation. The microgrid will have the capability to generate more than 586,000 kilowatt hours of energy annually, the amount needed for a neighborhood the size of Reynold's Landing.
Information and data collected from the microgrid will provide Alabama Power with valuable operational experience as the company evaluates microgrid technology. Data from Smart Neighborhood will be collected for two years.
"This project is another example of how Alabama Power continues to be at the forefront of energy research and development so it can continue to provide safe, affordable and reliable energy to its customers well into the future," Hudson said.
Each technology-enhanced home in the Smart Neighborhood will be equipped with:
Southern Company, the parent company of Alabama Power, is supporting research for the project to better understand Smart Neighborhood-type homes and the interactions between a microgrid and the existing electric grid.
Signature Homes is the community developer and will oversee the construction and sale of the homes.
"At Signature Homes, we are constantly looking for ways to enhance the lives of our customers through innovation and design," said Chief Executive Officer Dwight Sandlin. "We could not be more proud to participate in such an exciting endeavor with top industry leaders Alabama Power, Southern Company and numerous technology vendors to deliver one of the first ever smart neighborhoods. Reynold's Landing homes of the future will provide buyers the latest in technology, connectivity and energy saving features, and is the perfect addition to the award-winning Ross Bridge community in Hoover."
Oak Ridge National Laboratory is a research partner, providing expertise to develop practical solutions that could be integrated into homes and power grids across the nation.
Construction on the community is set to begin this summer and be completed by spring 2018. The microgrid will break ground this summer.
"Hoover has always been a strong community that leads in so many ways, and I am thrilled Hoover residents will have the chance to experience the technology and state-of-the-art benefits of Smart Neighborhood," said Mayor Frank Brocato.
To find out more information, visit the Greater Birmingham Association of Home Builders' Parade of Homes, April 21-23 and continuing April 28-30. Representatives will be onsite at the Sawyer Trail community in Ross Bridge to discuss Reynold's Landing and Smart Neighborhood.
About Alabama Power
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
SOURCE Alabama Power Company
Article Date
4/21/20174/17/2017 - Southern Company raises dividend rate 16th straight year; annualized rate goes to $2.32 per share
Southern Company raises dividend rate 16th straight year; annualized rate goes to $2.32 per share
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 17, 2017 /PRNewswire/ -- Southern Company said today it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.32 per share.
The increase marks the 16th straight year that Southern Company has raised the dividend on its common stock.
Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 58 cents per share, payable June 6, 2017, to shareholders of record as of May 15, 2017. This marks 278 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
"Our dividend and overall shareholder value proposition are supported by an outstanding portfolio of state-regulated electric and gas utilities," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Today's action by our board of directors reinforces the strength and sustainability of our business over the long term."
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning shareholder value and business performance. Southern Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, including potential tax reform legislation, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity and natural gas, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of natural gas and other fuels; limits on pipeline capacity; effects of inflation; the ability to control costs and avoid cost overruns during the development, construction, and operation of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, sustaining nitrogen supply, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the Southern Company system's employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction by Mississippi Power Company in Kemper County, Mississippi (the "Kemper IGCC"), including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association (now known as Cooperative Energy); the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, and the diversion of management time on integration-related issues; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on foreign currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
4/17/20174/13/2017 - Go green and save green with ecobee3
Go green and save green with ecobee3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 13, 2017 /PRNewswire/ -- Going green at home is easy and economical with a special deal from ecobee, available exclusively on the Georgia Power Marketplace. As the weather heats up, the ecobee3 Smarter Thermostat will keep your home cool and your energy use low. Originally $249, the ecobee3 is $50 off through the month of April and Georgia Power customers will receive an additional $100 instant rebate, reducing the final price to $99.50.
The ecobee3 Smarter Thermostat includes:
The Georgia Power Marketplace brings the most popular energy saving and smart home products, from Wi-Fi thermostats to LED lighting, to a single convenient online portal and streamlines the rebate process through integration with customers' Georgia Power accounts. The innovative e-commerce website is the latest tool from the company designed to help its 2.5 million customers save money and energy. Deals and promotions will change, so shoppers should check the site often for the latest offers and full terms and conditions.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
4/13/2017Southern Nuclear has a story to tell: 'Our news center will allow it to be heard'
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 13, 2017 /PRNewswire/ -- Southern Nuclear, a subsidiary of Southern Company headquartered in Birmingham, has launched an enhanced website with new features including a news center. The news center will include stories on current issues and the people behind each of the nuclear plants the company operates in Alabama and Georgia.
"There are so many exciting things happening at Southern Nuclear and in our industry, and our news center will allow us to share this important information," said Communications and Organizational Effectiveness Director Jeannine Bailey. "Nuclear energy generates more than 60 percent of the clean air energy in our country, nuclear plants provide quality jobs and economic benefits, and our employees serve our communities and impact lives. We have a great story to tell and our news center will allow it to be heard."
Southern Nuclear's website can be found at www.southernnuclear.com. Beyond the news center, visitors will find information on company leadership, a video series on the benefits of nuclear energy called Nuclear in a Nutshell, and pages highlighting each of the plant sites with public information and community newsletters. Visitors can also register to receive quarterly electronic community newsletters from any of the three plant sites.
In addition, the company is active on social media including Facebook, Twitter, Instagram and LinkedIn.
"The generation of clean, safe, affordable and reliable nuclear energy is fascinating, and we're always looking for innovative ways to educate the public on the great work we do," continues Bailey. "We invite anyone interested in learning more about nuclear energy to take advantage of the resources at our sites' Energy Education Centers, as well as our onsite tours or offsite presentations."
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Nuclear
Article Date
4/13/20174/12/2017 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 12, 2017 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
|
Preferred Stock |
|
($100 Par Value) |
|
4.20% - $1.05 per share |
|
4.52% - $1.13 per share |
|
4.60% - $1.15 per share |
|
4.64% - $1.16 per share |
|
4.72% - $1.18 per share |
|
4.92% - $1.23 per share |
|
Class A Preferred Stock |
|
($25 Capital Value) |
|
5.83% - $.3644 per share |
|
Preference Stock |
|
($25 Capital Value) |
|
6.45% - $.403125 per share |
|
6.50% - $.406250 per share |
These dividends are for the quarter ending June 30, 2017, payable July 1, 2017, to shareholders of record on June 16, 2017.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
SOURCE Alabama Power Company
Article Date
4/12/20172016 Georgia Power Citizenship Report celebrates the people who make a difference
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 11, 2017 /PRNewswire/ -- Georgia Power today released its third annual Citizenship Report that highlights some of the ways the company, its employees and retirees give back to the communities they call home.
This year's report follows the company's philanthropy framework through the theme "We Help Because It's Home," which showcases how employees are making a difference in their communities through Georgia Power's five Community and Corporate Relations focus areas, including:
Through the years, Georgia Power and its employees and retirees have poured themselves into enriching the environment and prosperity of Georgia's communities, and 2016 was no different. In fact, the company's total community impact totaled $22 million last year. Georgia Power and the Georgia Power Foundation, Inc. invested more than $16.6 million in communities and nonprofit organizations across the state. Additionally, Georgia Power employees and retirees donated over 150,000 hours in volunteer services – valued at more than $3.6 million.
"At Georgia Power, we want to be known not only for the service we provide, but also by what we do to promote growth and prosperity in our state," said Mike Anderson, senior vice president of Community & Corporate Relations for Georgia Power. "Being a good corporate citizen is part of our DNA and will continue to guide our efforts to bring positive change to our communities."
Since 1883, Georgia Power has remained steadfast in its mission to improve the same communities it calls home for its customers, employees, neighbors and friends. When the company's first president, Preston Arkwright, referred to the company as "A Citizen Wherever We Serve" in 1927, he perfectly summed up Georgia Power's commitment to citizenship that serves as the foundation of the company's culture.
To view the full report outlining Georgia Power's 2016 community engagement efforts, visit www.georgiapower.com/citizenship. To stay in touch with Georgia Power's work in the community every day, follow @GeorgiaPower and #GAPowerfulService on Twitter.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
4/11/2017GNG, Community Partners Invite Atlanta to Unplug and Recycle Electronics for Earth Day
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 11, 2017 /PRNewswire/ -- Georgia Natural Gas (GNG) and partners, 11Alive, the Biltmore Building, eWaste/ePlanet and the Midtown Alliance will celebrate Earth Day 2017 by inviting Atlanta residents and businesses to bring old electronics to be recycled to the courtyard of The Biltmore Building located at 817 W. Peachtree St. in Atlanta on Friday, April 21, from 8 a.m. to 2 p.m.
Electronic items can be recycled including computers, printers, fax machines, TVs, toasters, radios, microwaves, cell phones and all battery-operated gadgets. This year, for the first time, there will be a special Hard Drive Shredder on-site for the privacy and peace-of-mind of safe computer disposal.
And, everyone can register to win a 40-inch flat screen TV!* (See Terms & Conditions below.)
"This is our fifth year hosting this event, and each year, it gets bigger and better than the year before," says Maurice Baker, GNG's manager of community relations. "Last year we recycled approximately 10,000 pounds of electronics – the most ever – and we hope to surpass that record in 2017!"
The Midtown Alliance will also be at the site to provide useful information about carpooling, MARTA, GRTA and other commuter options to reduce the number of cars traveling Georgia's roads.
"Earth Day is about creating awareness of the small things we can do to in our lives and community to make a big difference on the environment," says Wilson Kieffer, founder of eWaste/ePlanet. "We take your unwanted electronics, regardless of the quantity or quality, and responsibly dispose of them using environmentally- sustainable practices. You can rest easy knowing everything's taken care of, which is great for the environment we all live in."
* No purchase or donation necessary to enter or to win. See official rules at www.gng.com/earthdayrules. One winner will be selected by random drawing conducted by GNG, whose determination will be final. Open to those who register at the event and who are 21 years of age or older. Prize: one 40 inch color flat screen television (ARV: $280). © 2017 Georgia Natural Gas.
About Georgia Natural Gas
Georgia Natural Gas is part of SouthStar Energy Services®. SouthStar is owned by Southern Company GasTM, a wholly owned subsidiary of Southern Company (NYSE: SO). SouthStar also operates in Ohio as Ohio Natural GasSM, in Florida as Florida Natural Gas®, in Maryland as Maryland EnergySM, in Michigan as Grand Rapids Energy®, in New York as New York Natural GasSM, in New Jersey as New Jersey Energy®, and in other parts of the Southeast as SouthStar Energy Services. SouthStar's subsidiaries in Illinois operate as Nicor Advanced Energy® and Nicor Solutions®. For more information visit: www.GNG.com.
About 11Alive/TEGNA
11Alive is the NBC affiliate based in Atlanta, GA, and is owned by TEGNA Inc. The Networks of 11Alive include 11Alive News, WATL-TV and four diginets. 11Alive's mission is to Hold the Powerful Accountable. TEGNA Inc. (NYSE: TGNA), formerly Gannett Co., Inc., is comprised of a dynamic portfolio of media and digital businesses that provide content that matters and brands that deliver. TEGNA reaches more than 90 million Americans and delivers highly relevant, useful and smart content, when and how people need it, to make the best decisions possible. www.11alive.com
SOURCE Georgia Natural Gas
Article Date
4/11/20174/6/2017 - Upgrades to Plant Vogtle Unit 1 enhance the production of low-cost, carbon-free electricity
Upgrades to Plant Vogtle Unit 1 enhance the production of low-cost, carbon-free electricity
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 6, 2017 /PRNewswire/ -- Unit 1 of the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga., has safely resumed generating electricity following completion of a scheduled refueling and maintenance outage.
Plant operators safely took the unit offline March 12, 2017, and it resumed electricity production April 4, 2017, at 7:18 p.m. ET. In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components to enhance efficiency and reliability.
The most significant upgrade for this outage was the installation of a digital controls system for the main turbine generator and associated equipment. This new Mark VIe system from GE replaces the plant's original analog control mechanisms. Vogtle's control room operators are now able to monitor and manipulate multiple turbine systems via touchscreens and keyboards. The new system has redundant backup systems which provide additional levels of safety beyond those that existed in the original design.
"Safety is our top priority, and our team is to be commended for completing this outage safely and efficiently," said Keith Taber, site vice president for Vogtle units 1 and 2. "The work performed during this outage is a significant investment in our facility and enhances our ability to produce clean, safe, affordable and reliable nuclear energy for the next 18 months."
Nearly 1,300 additional workers from Westinghouse, General Electric, Day & Zimmermann, Williams Corporation and other companies came to the plant to perform special tasks. Employees from across the Southern Nuclear fleet also assisted Vogtle's team in the refueling effort.
The last refueling outage for Unit 1 was completed in fall 2015. Unit 2 continued to safely generate electricity while Unit 1 was offline for refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
4/6/2017Georgia Power releases new statewide PSA during Earth Month
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 6, 2017 /PRNewswire/ -- With April designated as Earth Month across the country, Georgia Power has released a new public service announcement (PSA) highlighting the importance and impact volunteers have on protecting and preserving Georgia's more than 70,000 miles of streams and rivers. The PSA, which is being distributed by the Georgia Association of Broadcasters, encourages Georgians to visit www.georgiapower.com/river to find a river to renew near them and was produced in English and Spanish.
"Our employees, and customers, are always out in force volunteering to clean and green during Earth Month," said Mark Berry, vice president of Environmental Affairs for Georgia Power. "River cleanups are among our most popular volunteer events because everyone appreciates the importance of water as a natural resource and the need to ensure that our waterways are maintained for future generations."
In addition to Earth Month events, Georgia Power sponsors and participates in river and lake cleanups around the state throughout the year. These events are hosted and sponsored by Georgia Power through Southern Company's Renew Our Rivers initiative. The company is also a corporate sponsor of Rivers Alive, a volunteer waterway cleanup initiative targeting streams, rivers, lakes, beaches and wetlands across Georgia. Since 2003, Georgia Power employees and other volunteers statewide have removed more than 2 million pounds of trash through the program.
Georgia Power is committed to not only keeping the state's waterways clean, but also finding new technologies to reduce, conserve and improve the quality of water returned to the environment from power plants. Through a partnership with other utilities and the Electric Power Research Institute (EPRI), the company continues to conduct innovative research projects at its Water Research Center at Plant Bowen near Cartersville, Georgia. Research is focused on wastewater treatment to conserve and reuse water more efficiently. To learn more, visit www.georgiapower.com/environment.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
4/6/2017Southern Company first-quarter earnings to be released May 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 5, 2017 /PRNewswire/ -- Southern Company plans to release its earnings for the first quarter of 2017 by 7:30 a.m. EDT on Wednesday, May 3.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, May 3.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
4/5/20174/5/2017 - Southern Company subsidiary's East Pecos Solar Facility in Texas begins commercial operation
Southern Company subsidiary's East Pecos Solar Facility in Texas begins commercial operation
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 5, 2017 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the commercial operation of the 120-megawatt (MW) East Pecos Solar Facility in Pecos County, Texas. With three solar projects in Texas, Southern Power is the owner of one of the largest utility-scale solar portfolios in the state.
"The East Pecos Solar Facility joins our growing renewable fleet in Texas, and we look forward to operating it for the benefit of our customers," said Southern Power President and CEO Buzz Miller. "By providing clean, affordable, wholesale generation, we are able to deliver on our promise to help build the future of energy."
Construction of the approximately 1,000-acre project began in February of 2016. The facility consists of approximately 1.2 million solar panels manufactured by First Solar, which built and will operate and maintain the facility. Under a 15-year power purchase agreement, Austin Energy is purchasing the energy and associated renewable energy credits, which it plans to apply to meet Austin City Council goals for renewable energy and carbon reduction.
"Austin Energy was an early adopter of West Texas wind power and is pleased to take delivery of the power generated by the East Pecos Solar Facility," said Austin Energy General Manager Jackie Sargent. "We currently supply more than 30 percent of our customers' needs from renewable power and are well on our way to our target of 55 percent supply by 2025."
The project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
Southern Power has announced, acquired or is constructing approximately 3,200 MW of renewable ownership with 36 solar, wind and biomass projects across the U.S. In all, the Southern Company system has added or announced more than 6,500 MW of renewable energy projects since 2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 46 facilities operating or under construction with more than 12,600 MW of generating capacity in 11 states: Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future renewable development. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
4/5/2017Georgia Power Earns Top Customer Experience Ratings for Utilities
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 4, 2017 /PRNewswire/ -- Georgia Power delivers the best customer experience in the utilities industry, according to the 2017 Temkin Experience Ratings, an annual customer experience ranking of companies based on a survey of 10,000 U.S. consumers. Georgia Power took the top spot out of the 19 utilities included in this year's ratings, earning a score of 78% and coming in 28th place overall out of 331 companies across 20 industries.
"Congratulations to Georgia Power for making the most improvements over the last year and taking over the top spot for customer experience in the utilities industry," states Bruce Temkin, managing partner of Temkin Group.
Now in its seventh year of publication, the 2017 Temkin Experience Ratings is the most comprehensive benchmark of customer experience in the industry, evaluating 331 companies across 20 industries: airlines, auto dealers, banks, computer & tablet makers, credit card issuers, fast food chains, health plans, hotels & rooms, insurance carriers, investment firms, parcel delivery services, rental cars & transport, retailers, software firms, streaming media, supermarket chains, TV & appliance makers, TV/Internet service providers, utilities, and wireless carriers.
To generate these ratings, Temkin Group asked 10,000 U.S. consumers to evaluate their recent experiences with a company across three dimensions: success (can you do what you want to do?), effort (how easy is it to work with the company?), and emotion (how do you feel about the interactions?). Temkin Group then averaged these three scores to produce each company's Temkin Experience Rating.
Georgia Power focuses on delivering world-class service to all customers every day. The company is frequently recognized for its efforts to make doing business with the company easier, such as Billing Alerts and thousands of new Authorized Payment Locations (APLs) throughout the state. The company also continues to introduce new products and services that meet the changing needs of customers such as My Power Usage, a personalized tool that provides customers with the information they need to better manage daily energy costs and eliminate surprises at the end of their billing cycle, and Outage Alerts. To learn more, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
4/4/20172017 Thank a Lineman celebrates those who are 'on' when the power is 'off'
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 3, 2017 /PRNewswire/ -- For the fifth year in row, Georgia Power and the state's other electric utilities are celebrating and thanking linemen across the state for their role in keeping the lights on in every community, rain or shine. The work of linemen is visible year round, but is especially pronounced during outages, which may occur following spring and summer thunderstorms, tornadoes and winter ice storms.
During Georgia Power's 2017 Thank a Lineman initiative, saying "thank you" is easy just by signing the digital card at www.georgiapower.com/thankalineman. Additionally, Georgians can engage with linemen stories and the national initiative on social media by using and following #ThankALineman.
"From the mountains to the coast, line crews serve as the backbone of our business, keeping our customers connected and our state powered," said Leslie Sibert, vice president of distribution for Georgia Power. "We're thankful for the work that they do and are happy to take this opportunity each year to pause and recognize their commitment to safely working in truly challenging conditions day and night."
When Hurricane Matthew forced an evacuation of the Georgia Coast in October 2016, thousands of Georgia Power line personnel and linemen from assisting utilities converged on the coast to repair damage and restore service. The hurricane was one of the strongest storms to hit Coastal Georgia in a century and destroyed miles of electrical infrastructure. Working safely as a team, line personnel fully restored power to more than 338,000 affected customers earlier than expected and replaced approximately 1,000 broken or damaged power poles, replaced nearly 120 miles of wire (3,000 spans) and cleared more than 3,500 fallen trees that caused damage. Coastal Georgia residents didn't wait for April to say thanks – roadsides, parking lots and social media "lit up" in the days following the storm with signs and letters of thanks for workers' fast responses.
Beginning this year, Georgia motorists can also show their appreciation for linemen thanks to the recent passage of HB 260, legislation that creates a specialty license plate honoring linemen. Proceeds from sales of the license plates will benefit the Southeastern Firefighters Burn Foundation, which provides assistance to families of burn patients at the JMS Burn Center at Doctors Hospital in Augusta.
In addition to serving the company's 2.5 million customers in Georgia, Georgia Power linemen are often called away from their families to help restore power to neighboring states when major storms or disasters occur. These linemen can travel thousands of miles each year and can spend weeks in the field helping restore power to customers as far away as New York and Houston. Thanks in large part to these linemen, the company has received recognition from the Edison Electric Institute (EEI) for outstanding emergency response, including multiple Emergency Recovery Awards and the Emergency Assistance Award.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
4/3/2017Electric Utilities In Georgia Announce New Initiative To Honor Linemen
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 3, 2017 /PRNewswire/ -- The electric utilities in Georgia have once again designated April as Lineman Appreciation Month to honor the men and women who restore and maintain electric service in a safe, timely manner, in every community, rain or shine.
This year, Lineman Appreciation Month is particularly meaningful: during the 2017 legislative session, Georgia lawmakers passed HB 260, legislation that creates a specialty vehicle license plate to honor linemen. Proceeds from the plates will benefit the Southeastern Firefighters Burn Foundation which provides assistance to families of burn patients at the JMS Burn Center at Doctors Hospital in Augusta. An event will be held late this summer to reveal the new license plate. (Details will be provided in the weeks ahead after the legislation is signed by the governor.)
The notion of lineman appreciation began several years ago as a national one-day celebration. However, over time, Georgia utilities expanded the celebration to take place over the course of one month rather than one day. Doing so allows electric membership cooperatives (EMCs), Electric Cities of Georgia, Georgia Power, MEAG Power, and municipal systems to celebrate within their local communities at a date and time suitable for each provider.
Celebrations for linemen and an emphasis on their professions have grown. Keeping the lights on has become essential since consumers rely so heavily on electricity to support their everyday lives--heating and cooling, cooking, entertainment (think TVs, computers/laptops/tablets/mobile phones), lighting, water heating (think warm showers and clothes washing) and refrigeration, to name a few.
Earlier this year, linemen and their honorable careers were on display when a three-day outbreak of severe thunderstorms and tornadoes slammed many parts of Georgia and caused extensive damage and destruction in south Georgia. Thousands of customers were left in the dark. In areas where homes, businesses and other structures were destroyed, local crews and crews from across the state worked in the region up to two weeks until all power was restored.
For these selfless acts and others throughout the year, utilities encourage consumers and businesses to send a word of thanks and gratitude to line workers via social media using hash tag #ThankALineman.
Last year, EMCs, investor-owned and municipal systems held a Lineman Appreciation Day event at the state capitol in which Georgia Gov. Nathan Deal signed House Bill 767, a new law which provides added protection for utility linemen. The legislation requires any motorist approaching utility linemen at an active work site, as indicated by traffic cones or flashing yellow, amber, white or red lights, to change lanes or reduce their speed to a reasonable and proper speed below the posted speed limit.
Any motorist who does not change lanes or drop his/her speed to avoid the utility workers can be fined up to $250 per incident. The law, which became effective July 1, 2016, applies to all types of utility workers, including electric, natural gas, cable and telecommunications workers, right-of-way crews or utility contractors.
Recently, lawmakers gave an additional nod to linemen when Gov. Nathan Deal introduced a proclamation and the Georgia State House and Senate introduced two companion resolutions to commend Georgia's linemen for dedicated service and to recognize April 2017 as Lineman Appreciation Month. Each can be read in its entirety:
Gov. Nathan Deal's Proclamation:
SR 323 sponsored by Senator Rick Jeffares (R-McDonough) and others –
http://www.legis.ga.gov/Legislation/en-US/display/20172018/SR/323
HR 496 sponsored by Representative Don Parsons (R-Marietta) and others –
http://www.legis.ga.gov/legislation/en-US/Display/20172018/HR/496
ABOUT:
Electric Cities of Georgia (ECG) provides strategic and technical services to communities with utility operations. Our services are designed to maximize the performance of their utilities and, to a greater extent, create successful communities with economic prosperity and opportunity. We provide services in operations, facilitation of mutual aid contracts for storm restoration, sales and marketing, business analysis, organizational development and economic development.
Georgia EMC is the statewide trade association representing the state's 41 EMCs, Oglethorpe Power Corp., Georgia Transmission Corp. and Georgia System Operations Corp. Collectively, Georgia's customer-owned EMCs provide electricity and related services to 4.4 million people, nearly half of Georgia's population, across 73 percent of the state's land area.
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction.
The Municipal Electric Authority of Georgia (MEAG Power) is a public generation and transmission organization providing wholesale power to 49 Georgia communities with annual electric sales of $643 million and 10.5 million megawatt-hours of delivered energy in 2015.
SOURCE Georgia EMC
Article Date
4/3/2017X-energy Moves their Xe-100 Advanced Reactor into Conceptual Design
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GREENBELT, Md., March 16, 2017 /PRNewswire/ -- X Energy, LLC (X-energy) announced that it has commenced the conceptual design phase for its Xe-100 high temperature gas-cooled (HTGR) pebble bed modular reactor. The company also welcomes Clint Medlock, a Southern Nuclear employee, as Program Management Consultant.
X-energy held a Conceptual Design Readiness Review on March 8 to validate the baseline design parameters, preparatory documentation, analysis tools, scope of the proposed conceptual design phase (including all planned deliverables), management processes and overall team readiness to proceed on to the next phase of Xe-100 reactor development.
"This is an important and wonderful milestone. Since I founded X-energy in 2009 our goal has been to be the world leader in HTGR design as well as the fuel to power these reactors," said Founder and CEO Dr. Kam Ghaffarian. "At a time when our country needs energy and infrastructure security, moving our Xe-100 into conceptual design puts us well on the way to meeting our goal of deployment within the near term of 10 years. A successful conceptual design phase requires thorough planning, a mature technical baseline, and a workforce committed to creating a safe, deployable design. I and our external review panel confirmed our readiness on March 8."
An external panel comprised of industry experts from Southern Nuclear, Burns & McDonnell, and Technology Insights was engaged to evaluate X-energy's preparedness to enter the conceptual design phase. The panel members concluded that X-energy is ready for Concept Design; each provided their corporate experiential-based input on being successful during this critical phase of the project. Based on these results, X-energy launched formal conceptual design with a kickoff on March 9, 2017.
As part of the conceptual design, X-energy and Southern Nuclear deepened their relationship by engaging Clint Medlock on X-energy's Xe-100 development team as Program Management Consultant. Medlock, a 12-year Southern Nuclear veteran, has 27 years' nuclear industry experience and has managed several large nuclear design and construction projects.
"I am excited to have Clint as part of our X-energy leadership team. His nuclear experience, input, and guidance has and will continue to be invaluable," said Ghaffarian. "We value our partnership with Southern Nuclear as we move through conceptual design and look towards deployment." In August 2016, Southern Nuclear and X-energy entered into a Memorandum of Understanding as a step toward commercializing and deploying the Xe-100.
"Southern Nuclear and X-energy are well-aligned to allow advanced nuclear capabilities to be a viable part of energy solutions," said Southern Nuclear Regulatory Affairs Director Brian Whitley. "We look forward to continuing to collaborate in ways that will support a robust future for nuclear energy and innovation."
About X-energy: X-energy is developing an innovative nuclear power plant design solution, the Xe-100 advanced reactor and U.S.-made, proliferation-resistant fuel, which provides security sustainability for the global energy and process heat markets. The Xe-100 is a 200MWt (75MWe) high temperature gas-cooled pebble bed modular reactor. Key attributes of the Xe-100 design are that it requires less time to construct, with factory-produced components, physically cannot meltdown and will be "walk-away" safe without operator intervention during loss of coolant conditions. In January 2016, X-energy was awarded a five-year $53M U.S. Department of Energy Advanced Reactor Concept Cooperative Agreement award to advance elements of the Xe-100 development. Twitter: @xenergynuclear; Facebook: facebook.com/xenergynuclear, www.x-energy.com
About Southern Nuclear: Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio producing clean, safe and reliable nuclear energy and also serves as an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear has received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and a special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear
www.southerncompany.com/southernnuclear
Contact:
Melanie White Lyons
mlyons@x-energy.com
301.363.2839
@xenergynuclear
SOURCE X-energy
Article Date
3/16/2017Refueling activities and performance enhancements underway at Plant Vogtle Unit 1
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., March 13, 2017 /PRNewswire/ -- Plant operators safely removed Unit 1 of the Alvin W. Vogtle Electric Generating Plant offline on Sunday, March 12, at 5 a.m. ET for a scheduled refueling outage.
Each of the two units at Plant Vogtle requires new fuel every 18 months. The most recent refueling outage for Unit 1 was completed in the fall of 2015.
In addition to refueling the reactor during the outage, workers will perform regular maintenance, testing and upgrades to plant equipment.
"Safety is our number one priority during the refueling outage," said Keith Taber, site vice president for Vogtle units 1 and 2. "A safe and successful outage is achieved through the focus of the entire organization – our employees and our supporting partners. The station has planned for this refueling outage for over a year. This planning ensures the activities are coordinated to ensure safety is maintained at the highest level."
Employees from across the Southern Nuclear fleet as well as nearly 1,100 additional workers from Westinghouse, General Electric, Day & Zimmermann, Williams Corporation and other companies have come to the plant to assist the site employees in completing the multiple task required to ensure the unit will run safely and reliably for the next 18 months.
These additional workers provide considerable economic stimulus to surrounding communities during their stay in the area.
Vogtle Unit 2 will continue to safely generate electricity while Unit 1 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Nuclear
Article Date
3/13/2017Plant Hatch Unit 2 completes record-setting refueling outage, enhances production of low-cost, carbon-free electricity
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Feb. 28, 2017 /PRNewswire/ -- Unit 2 of the Edwin I. Hatch Electric Generating Plant near Baxley, Georgia, has safely resumed generating electricity following completion of a scheduled refueling and maintenance outage, setting a record of just 21 days and two hours for both the plant and the Southern Nuclear fleet.
Plant operators safely took the unit offline Feb. 6 at midnight ET. Electricity generation resumed Monday, Feb. 27, at 2:09 a.m. ET.
In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components to enhance efficiency and reliability.
"Safety is our top priority, and our team is to be commended for completing this outage safely, efficiently and in record time," said Plant Hatch Vice President David Vineyard. "The work we perform during our outages is a significant investment in our facility. Unit 2 is positioned not just for the next 24 months, but for years of continued safe and reliable electricity production."
Employees from across the Southern Nuclear fleet assisted Hatch's staff of more than 900 in the refueling effort. Approximately 800 additional workers from General Electric, Day and Zimmerman and other partners performed specialized tasks. These supplemental workers also provided economic stimulus to surrounding communities during their stay in the area.
The last refueling outage for Unit 2 was completed in spring 2015. Hatch Unit 1 continued to safely generate electricity while Unit 2 was offline for the refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
2/28/20172/24/2017 - Georgia Power Simple Solar now available
Georgia Power Simple Solar now available
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 24, 2017 /PRNewswire/ -- Georgia Power today introduces Georgia Power Simple Solar ™, the company's latest solar energy program for customers. Simple Solar is a new voluntary option for Georgians who want to support solar energy, but are unable or choose not to install a solar system at their home or business. Signing up for the program at GeorgiaPower.com/SimpleSolar takes just minutes with basic customer account information.
"This initiative is the latest evolution of our efforts to advance renewable energy in the state while also creating economical services and solutions for customers who want to help grow solar energy," said Norrie McKenzie, vice president of Renewable Development for Georgia Power. "Solar energy continues to offer tremendous potential for powering Georgia and we are committed to helping our customers find the solar option that works best for them."
The new solar program was designed in coordination with and approved by the Georgia Public Service Commission to encourage solar development. Simple Solar subscribers pay an additional 1-cent per kilowatt hour, which Georgia Power uses to purchase renewable energy credits (RECs) from a certified solar generation source to match and offset their energy use. The company ensures the solar credits meet environmental and consumer-protection standards and, because purchases are tied to subscriptions, customers are directly supporting the growth of solar and solar generators throughout the region.
Simple Solar offers multiple subscription tiers for customers, including Large Volume and Special Event purchase options. Hundreds of residential and business customers have already subscribed to the program with TOTO USA, a Georgia manufacturer known for its sustainability efforts and renewable goals, being the first customer to match 100 percent of their monthly usage through the Large Volume option.
"We are pleased to increase our commitment to match 100 percent of our usage through Georgia Power Simple Solar," said Bill Strang, president of operations and eCommerce for TOTO USA. "Our partnership with Georgia Power allows us to provide both a return on investment with cost effective electricity and a return on environment with sustainable solar energy."
Georgia Power's robust renewable development strategy includes innovative customer programs, as well as large-scale initiatives such as the Advanced Solar Initiative (ASI) and Renewable Energy Development Initiative (REDI) to bring more solar energy to Georgia. The company continues to have the largest voluntary renewable portfolio in the nation and now has 846 MW* of solar capacity in operation, with accelerating growth year over year since 2013. Through implementation of the new REDI, approved by the PSC in 2016, as well as other solar projects and programs, the company expects to add up to 1,600 MW of additional renewable capacity by 2021.
To learn more about Georgia Power's solar programs, including Simple Solar as well as other solar tools and resources for customers, visit www.GeorgiaPower.com/Solar.
* REC Disclaimer: Every megawatt hour of electricity produced by an eligible solar generation resource creates a Renewable Energy Credit (REC). Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected future renewable capacity. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
2/24/2017Paula Marino inducted into Alabama Engineering Hall of Fame
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 24, 2017 /PRNewswire/ -- The executive vice president of Southern Company's engineering and construction services organization, Paula Marino, has been inducted into the State of Alabama Engineering Hall of Fame.
The Hall of Fame honors individuals for outstanding accomplishments in the field of engineering who have significantly contributed to the betterment of their communities.
"Engineering is an extremely important profession," Marino said. "I want to leave a legacy in my field and I strive to do that each day through the people I touch and the work I do."
Marino began her Southern Company career in 1993 and progressed through various roles in distribution, transmission, fossil-hydro generation and nuclear generation. Marino earned a bachelor's degree and a master's degree in electrical engineering from Auburn University.
She currently sits on Auburn's Alumni Engineering Council, UAB's Civil, Construction and Environmental Engineering advisory board and the Center for Energy Workforce Development board of directors. As a founding member of Auburn's 100 Women Strong, Marino advises faculty and encourages students and engineers who are just beginning their careers.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
2/24/2017Cooper, Gellerstedt named to Georgia Power Board of Directors
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 20, 2017 /PRNewswire/ -- Georgia Power announced today the election of two directors to its board of directors -- Shan Cooper, chief transformation officer for WestRock Company, and Larry Gellerstedt III, president and CEO of Cousins Properties.
"From building military aircraft at Lockheed to successfully helping WestRock navigate and evolve in a changing industry, Shan's leadership experience is diverse and results-oriented," said Paul Bowers, chairman, president and CEO of Georgia Power. "Her proven ability to drive transformational initiatives, system improvements and growth strategies will be a tremendous asset to our board."
"Larry is a renowned Atlanta business leader and entrepreneur with unparalleled expertise in construction, development and project management," added Bowers. "As we continue to build the largest and most complex construction project in the state at Plant Vogtle, Larry will bring fresh insight and a unique perspective to our board."
Shan Cooper
A renowned business leader, Cooper has served as chief transformation officer for WestRock Company since 2016. In this position, she is responsible for developing infrastructure capabilities and system processes needed for business growth. She also leads the company's procurement, logistics, information technology and recycling operations. Prior to assuming this role, she served as vice president and general manager of Lockheed Martin Aeronautics Company.
Cooper holds a bachelor's degree in biology and religion from Emory University and a master's of business administration from Emory University's Goizueta Business School. She is also a graduate of the Rutgers Global Executive Master's in Human Resource Leadership Program.
She was named Georgia Trend Magazine's 2015 Most Respected Business Leader; one of the 2015 Women of the Year by American Association of University Women; and one of Georgia Trend Magazine's Most Influential Georgians in 2012, 2013, 2014, 2015 and 2016. She also received the 2013 Pioneer Award from U.S. Black Engineer & Information Technology Magazine.
Cooper is a member of the Atlanta Rotary Club and serves on numerous boards including the executive board of the Metro Atlanta Chamber, the board of councilors for the Carter Center, the board of trustees of both Emory University and the Woodruff Arts Center, the State Board of the Technical College System of Georgia and the board of the Georgia Partnership for Excellence in Education.
Larry Gellerstedt III
A prominent entrepreneur and successful businessman, Larry Gellerstedt leads Cousins Properties as president and CEO. He previously served as the company's president and chief operating officer, overseeing Cousins' leasing and asset management efforts as well as its development initiatives. Gellerstedt joined Cousins in 2005 following the acquisition of his firm, The Gellerstedt Group.
Gellerstedt began his career at Beers Construction Company in 1978 as an estimator and project manager. At age 26, he founded and became president of BCB Company, a Beers subsidiary focused on the healthcare industry.
He has held positions as president and chief operating officer of the Integral Group, recognized nationally for its visionary urban mixed-use development, and as chairman and CEO of American Business Products, a NYSE-listed manufacturer of packaging and printed office products.
He has received numerous accolades including Ernst and Young's Entrepreneur of the Year, Atlanta Business League's CEO of the Year, Georgia Trend Magazine's Georgia's 100 Most Influential People and Georgia's Most Respected Business Leader.
Gellerstedt holds a bachelor's degree in history and psychology from the University of North Carolina-Chapel Hill. He serves on the advisory council of SunTrust Bank's Atlanta division; is chairman of the Georgia Research Alliance and Jesse Parker Williams Foundation and serves as director of the Atlanta Committee for Progress and the Robert W. Woodruff Foundation. He has also served as chair of Children's Healthcare of Atlanta, The Commerce Club, Fernbank Museum of Natural History, the Metro Atlanta Chamber, Metro Atlanta YMCA, Midtown Alliance and the Woodruff Arts Center.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
SOURCE Georgia Power
Article Date
2/20/20172/20/2017 - GNG Contact Call Centers Certified by J.D. Power
GNG Contact Call Centers Certified by J.D. Power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 20, 2017 /PRNewswire/ -- Georgia Natural Gas (GNG) has been recognized for contact center operations customer satisfaction excellence in the live phone channel under the J.D. Power Certified Contact Center Program.SM The Certified Contact Center Program distinction acknowledges a strong commitment by GNG' contact center operations to provide "An Outstanding Customer Service Experience."
The Certified Contact Center Program, which was launched by J.D. Power in 2004 as the Certified Call Center Program, evaluates overall customer satisfaction with live phone interactions and helps organizations in various industries increase their efficiency and effectiveness by establishing and continually updating leading practices for handling service calls. The program certifies a call center's operations in three areas: live phone channel, IVR self-service channel and Web self-service channel.
"Providing superior customer service means we need to excel at every detail in the Georgia Natural Gas customer experience," says Michael Braswell, president of GNG. We are very proud of our contact call center J.D. Power certification, and we will continue to work every day to exceed our customers' expectation of service."
For Certification Status:
GNG is a premier natural gas marketer, serving approximately half a million customers. The company is also actively engaged in the communities it serves with a community service focus on children and education; seniors; energy assistance; and environment and sustainability initiatives. For more information regarding GNG, please visit https://gng.com/about-us.
For more information on the Certified Contact Center Program, visit http://www.JDPower.com.
About Georgia Natural Gas
Georgia Natural Gas is a leading provider of natural gas to homes and businesses in Georgia. Georgia Natural Gas is part of SouthStar Energy Services, a preeminent retail natural gas marketing company operating in nine states. Based in Atlanta, SouthStar manages a portfolio of brands across its retail footprint including Georgia Natural Gas in the state of Georgia, Nicor Advanced Energy and Nicor Solutions in Illinois, and in other states, Ohio Natural Gas, Florida Natural Gas, Maryland Energy and Grand Rapids Energy (Michigan). SouthStar also does business in Tennessee and the Carolinas and in other parts of the southeast as SouthStar Energy Services. For more information visit: www.GNG.com.
About SouthStar Energy Services
SouthStar Energy Services (SouthStar), a division of Southern Company Gas, is a preeminent retail natural gas marketing company operating in nine states. Based in Atlanta, SouthStar manages a portfolio of brands across its retail footprint including Georgia Natural Gas in the state of Georgia, Nicor Advanced Energy and Nicor Solutions in Illinois, and in other states, Ohio Natural Gas, Florida Natural Gas, Maryland Energy and Grand Rapids Energy (Michigan). SouthStar also does business in Tennessee and the Carolinas and in other parts of the southeast as SouthStar Energy Services. For more information visit: www.southstarenergy.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.5 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate gas pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com
SOURCE Georgia Natural Gas
Article Date
2/20/2017Southern Company named to Fortune's most admired list
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 16, 2017 /PRNewswire/ -- For the eighth consecutive year Southern Company has been named to Fortune's "World's Most Admired Companies" list – this year ranking among the top-six electric and gas utilities worldwide.
The magazine recognized Southern Company as an industry leader for its people management, innovation, long-term investment and financial soundness. Other criteria included the company's quality of services, quality of management, social responsibility and effectiveness in conducting its business globally.
"I'm honored that Southern Company – and our more than 31,000 system employees – continues the standard of being named among the world's top companies," said CEO Thomas A. Fanning. "Southern Company has built a long-term record of success – for more than a century – by adhering to a customer-focused business model. We remain committed to meeting customers' energy needs today while building the future of energy through cutting-edge research and technology. "
Fortune collaborated with Korn Ferry Hay Group on the survey of corporate reputations. They started with about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune's Global 500 database that have revenues of $10 billion or more. Hay Group then selected the 15 largest companies for each international industry and the 10 largest for each U.S. industry, surveying a total of 680 companies from 28 countries.
To determine the best-regarded companies in 51 industries, Korn Ferry Hay Group asked executives, directors, and analysts to rate the enterprises in nine categories. A company's score must rank in the top half of its industry survey to be listed.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
2/16/2017Refueling activities and performance enhancements underway at Plant Hatch Unit 2
Source: PR Newswire
BIRMINGHAM, Ala., Feb. 6, 2017 /PRNewswire/ -- This morning at midnight ET, operators at the Edwin I. Hatch Electric Generating Plant safely took Unit 2 offline for a planned refueling and maintenance outage.
The last refueling outage for Unit 2 was completed in spring 2015. Each unit at Plant Hatch requires new fuel every 24 months. In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components.
"Safety is our number one focus and priority during the outage," said Plant Hatch Vice President David Vineyard. "The key to a safe and successful outage is our outstanding employees and supporting partners. I am proud of the preparations we have made and our entire team is ready to accomplish this refueling outage safely using our expertise and teamwork."
Employees from across the Southern Nuclear fleet are assisting Plant Hatch's staff of more than 900 in the refueling effort. More than 800 additional workers from General Electric, Day and Zimmerman, and other partners are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Plant Hatch Unit 1 will continue to safely generate electricity while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
2/6/2017Georgia Power names Bentina Terry senior vice president of Metro Atlanta Region
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 3, 2017 /PRNewswire/ -- Georgia Power announced today that its board of directors have elected Bentina Terry senior vice president of the Metro Atlanta Region, effective March 31. Terry succeeds Pedro Cherry who was recently named executive vice president of the company's Customer Service & Operations organization.
In this role, Terry will be responsible for the company's operations, sales, customer service, economic and community development, and external affairs activities for 1.2 million customers across metro Atlanta.
Terry joins Georgia Power from Gulf Power where she served as vice president of customer service and sales. In this role, she was responsible for leadership of the marketing, customer service, and community and economic development efforts for Gulf Power. She served as vice president of external affairs and corporate services prior to moving to her current position at Gulf. Terry has been a member of Gulf Power's management council since 2007.
"Bentina's diverse experience strengthening communities, advancing economic development and leading multiple growth initiatives will prove extremely beneficial in her new role," said Cherry. "Her extensive knowledge of our business and demonstrated external effectiveness will bring tremendous value to the Georgia Power leadership team as well as the Metro Atlanta Region."
Terry began her career with Southern Company in 2001 at Georgia Power, and progressed through leadership roles in compliance, ethics, customer service and power delivery. Prior to joining Gulf Power, she served as vice president of external affairs, general counsel, compliance officer and corporate secretary for Southern Nuclear. She began her career as an associate with Troutman Sanders and then served as associate general counsel for Progress Energy.
A native of Fayetteville, North Carolina, Terry holds a bachelor's degree from North Carolina State University and a juris doctorate from the University of Michigan School of Law. Terry is very active in the community serving on multiple boards including the University of West Florida, Take Stock in Children, the Children's Movement of Florida and Innovation Coast. She is also chair of the Pensacola Symphony Orchestra Board.
She has received numerous awards and recognitions for her contribution to the state and northwest Florida including being named one of Influence Magazine's 100 Most Influential People in Florida Politics in 2015. She has been selected as a member of the "IN Power List" recognizing the top 100 most powerful and influential people in greater Pensacola area for seven consecutive years (2009-2016) and was named number one in April 2016.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
2/3/2017Southern Company Becomes a Member of the International Energy Agency Hydrogen Implementing Agreement (IEA HIA)
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
WASHINGTON, Feb. 2, 2017 /PRNewswire/ -- The International Energy Agency (IEA) Hydrogen Implementing Agreement (HIA), the largest and longest lived global collaboration in hydrogen research, development and demonstration (R,D&D), is pleased to announce the accession of Southern Company (NYSE: SO), a combined American gas and electric utility, to the IEA HIA (www.ieahia.org). As an IEA HIA member, Southern Company may participate in any of the diverse research and analysis tasks which, together with outreach activities, comprise the IEA HIA's innovation portfolio. Initially, Southern Company has elected to participate in IEA HIA Task 38, which analyzes the use of hydrogen generated from electricity. Southern Company will also have a seat on the IEA HIA Executive Committee, the governing forum.
IEA HIA Chairman Stefan Oberholzer (from the Swiss Federal Office of Energy) welcomed Southern Company as the first IEA HIA utility member, underscoring Southern Company's vision and the important role that utilities play in shaping a future energy system that features hydrogen. "Southern Company is an industry pioneer whose interest in hydrogen and clean energy makes it a global leader in energy innovation, ensuring the company's position as an energy provider of the future."
"As a leading national energy company, Southern Company is committed to building the future of energy," said Southern Company Chairman, President and CEO Tom Fanning. "We look forward to working with the IEA to explore how hydrogen can play an important role in that future."
About the IEA HIA
As an IEA Technology Collaboration Program and treaty-based organization, the IEA HIA is working to accelerate hydrogen implementation and widespread utilization worldwide through R,D&D cooperation and information exchange. In addition to new member Southern Company, IEA HIA membership includes 22 countries and the Commission of the European Union, as well as Shell, the German public- private partnership NOW and the international non-profit association HySafe. For more information about the IEA HIA, a premier global resource for technical expertise in hydrogen R,D&D, visit www.ieahia.org.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Contact
Mary-Rose de Valladares, IEA HIA General Manager, can be reached at mvalladares@ieahia.org or +1 301 634 7423 (land line) or + 1 202 409 4240 (cell).
SOURCE International Energy Agency Hydrogen Implementing Agreement (IEA HIA)
Article Date
2/2/2017Southern Nuclear wins leading industry award for advancing technological solutions
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Feb. 2, 2017 /PRNewswire/ -- This week, Southern Nuclear in collaboration with South Carolina Electric & Gas was honored by the Electric Power Research Institute (EPRI) with a Technology Transfer Award for the development and implementation of a project titled Pilot plant application of risk-informed in-service inspection to new build fleet.
James Agold with Southern Nuclear's Engineering Programs worked with SCE&G on the project to develop more informed operational and maintenance policies. Agold, who retired from Southern Nuclear last year, accepted the award Tuesday night at the EPRI Nuclear Power Council Advisory Week in Charlotte along with Southern Nuclear and SCE&G colleagues in attendance.
"I am proud of the Southern Nuclear team for continuously seeking innovative solutions that advance our industry and help deliver the nuclear promise of clean, affordable and reliable nuclear energy," said Southern Nuclear President and CEO Steve Kuczynski. "James and the team have developed policies for the new fleet build that will provide substantial benefits by reducing costs, worker exposure and radiation waste while improving plant safety."
More specifically, the new policies will decrease the scope of the inspection population between 60-90 percent and provide a conservatively-estimated cost savings between $1 and $2 million per ten-year inspection interval.
"The 2016 Technology Transfer Award winners have taken EPRI Research & Development to new levels in order to shape a sustainable energy system," said Arshad Mansoor, senior vice president of R&D at EPRI. "Working in a collaborative environment, their advancements benefit their utility and the entire industry because we all have a stake in power system transformation."
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Nuclear
Article Date
2/2/2017Georgia Power makes driving electric more convenient than ever in 2017
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 1, 2017 /PRNewswire/ -- Georgia Power continues to advance electric transportation in Georgia through innovative programs that make driving an electric vehicle (EV) more convenient than ever in 2017. To accommodate the growing number of EVs on Georgia roads and highways, the company installed 25 new public EV charging locations last year in 25 cities across the state, with more to come in 2017. Since launching its Get Current, Drive Electric™ initiative in 2015, Georgia Power estimates that approximately 2,500 EV chargers have been installed statewide by the company and its customers.
From Savannah to Rome, Georgia Power public charging islands feature multiple options for EV drivers including a DC fast charger (CHADeMo/SAE combo plugs) as well as a dual port Level 2, 208/240-volt charger. The charging islands accept either a Georgia Power Card, powered by ChargePoint and available at GeorgiaPower.ChargePoint.com, or an existing ChargePoint card.
Both business and residential customers continue to realize the benefits of driving electric with Georgia Power. The company has issued more than 1,700 rebates to residential and business customers through the Get Current, Drive Electric™. The company also continues to encourage EV-driving customers to consider its special Plug-in Electric Vehicle charging rate (PEV), which helps them save even more just by making simple changes like setting a timer to charge their EV at night and shifting electricity usage as seasons and demand times change.
To learn more about driving electric with Georgia Power, including an interactive savings calculator, visit www.GeorgiaPower.com/EV and join Georgia Power's social EV communities on Facebook and Twitter (@GeorgiaPowerET).
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
2/1/2017Georgia Power names Pedro Cherry to lead Customer Service & Operations
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 30, 2017 /PRNewswire/ -- Georgia Power chairman, president and CEO Paul Bowers today announced that Pedro Cherry has been elected executive vice president of the company's Customer Service & Operations (CSO) organization by the company's board of directors, effective March 31. Cherry succeeds Craig Barrs who recently announced his retirement from the company.
Since March 2015, Cherry has served as senior vice president of the Metro Atlanta Region for Georgia Power. In this role, he was responsible for the company's operations, sales, customer service, economic and community development, and external affairs activities for 1.2 million customers across metro Atlanta.
"Pedro's proven leadership and depth of experience, which spans multiple business units and system companies, will further strengthen the CSO organization and ensure we continue our excellent performance in reliability, responsiveness and customer service," said Bowers.
Cherry began his career with Southern Company in 1997 at Southern Energy Inc., the subsidiary that later became Mirant Corp., where he held positions of increasing responsibility, including chief financial officer for South America and the Caribbean Region, vice president of international finance and vice president of planning and performance management. He returned to Southern Company in 2006, serving as finance manager for Southern Generation/Southern Power and then as assistant to the chief financial officer of Southern Company.
In 2010, Cherry became Metro West Region manager for Georgia Power and in 2012 was named vice president of community and economic development. Prior to joining Southern Company, Cherry worked as an engineering and business analyst for Carolina Power and Light Corp.
Cherry earned a bachelor's degree in industrial engineering and an MBA in operations management and finance from Auburn University. He serves on the boards of the Atlanta Police Foundation, the Georgia Department of Economic Development, the Atlanta BeltLine Partnership and Zoo Atlanta, among others. He is chair of the Aerotropolis Atlanta Alliance and is also a member of the CFA Institute, 100 Black Men of Atlanta and Auburn's Alumni Engineering Council.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
1/30/20171/25/2017 - Georgia Power solar growth continues in 2017
Georgia Power solar growth continues in 2017
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 25, 2017 /PRNewswire/ -- Georgia Power added more than 2 million solar panels to the state's energy landscape through its various programs last year and will continue this growth in 2017. Through implementation of the Renewable Energy Development Initiative (REDI), approved by the Georgia Public Service Commission (PSC) in 2016, as well as other solar projects and programs, the company expects to add up to 1,600 MW of additional renewable energy by 2021.
The company now has 846 MW* of solar energy resources in operation, with accelerating growth year over year since 2013. Georgia Power continues to have the largest voluntary renewable portfolio in the country.
"We continue to focus on introducing new products, services and programs that bring renewable energy to our state without putting upward pressure on rates and ensuring 24/7 reliability for customers," said Norrie McKenzie, vice president of renewable development for Georgia Power. "Thanks to the efforts of many, Georgia is a national solar leader in pioneering customer-focused solar developments which bring value for all of the state's electric customers."
2016 solar energy highlights:
To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.GeorgiaPower.com/Solar.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits ("RECs") is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visitwww.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development and completion of construction of current and future solar projects. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
1/25/20172016 Milestones Bring Vogtle Expansion Closer To Completion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 23, 2017 /PRNewswire/ -- Georgia Power has marked another year of safe construction, steady progress and significant milestones at the Vogtle nuclear expansion site near Waynesboro, Georgia. The recently released Q4 2016 Vogtle Timeline video on Georgia Power's YouTube channel showcases the work accomplished last year at the country's first new nuclear units in more than three decades.
2016 by the Numbers
Consistent, quality welding, rebar, steel and concrete placement take place every day at the Vogtle site and are essential to long-term safety and reliable operation. In 2016, more than 6,000 workers completed more than 27 million safe work hours without a lost-time accident:
Major 2016 Milestones
The expansion at Plant Vogtle, located near Waynesboro, Georgia, is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction of Plant Vogtle Units 3 and 4, expected savings for customers and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
1/23/2017Southern Company fourth-quarter earnings to be released February 22
Source: PR Newswire
ATLANTA, Jan. 19, 2017 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2016 by 7:30 a.m. EST on Wednesday, February 22.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Wednesday, February 22.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
1/19/20171/13/2017 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 13, 2017 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 56 cents per share on the company's common stock, payable March 6, 2017, to shareholders of record as of February 21, 2017. This marks 277 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
1/13/2017MLK Day of Service is A Day On, Not Off for Georgia Power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 13, 2017 /PRNewswire/ -- Each year, Georgia Power honors Dr. Martin Luther King, Jr.'s commitment to transform communities through volunteering by engaging more than 1,000 employees in community service projects across the state on the MLK Day of Service. The annual event is the company's largest single day of service rallying employees throughout the company around Georgia Power's century-old mission to "be a citizen wherever we serve."
Since 2005, more than 11,000 Georgia Power employees have volunteered for approximately 525 individual MLK Day of Service projects, totaling more than 46,000 service hours. These volunteer efforts equate to nearly $1 million in estimated hourly service value.
"The Martin Luther King Jr. holiday commemorates the legacy of an exemplary leader who, even today, reminds us that every community matters," said Paul Bowers, chairman, president and CEO of Georgia Power. "I am proud of our team for putting service before self and honoring Dr. King with a day 'on,' not 'off' to improve the lives of others and strengthen our local communities."
Georgia Power service events are highly localized with employees volunteering at nearly 50 events for a variety of causes and organizations in dozens of Georgia cities and towns. 2017 events include:
A Culture of Citizenship
Georgia Power employees place a focus on community service year round including companywide engagement in Earth Day, March of Dimes and the American Cancer Society's Relay for Life program. In addition, current employees and retirees (known as Georgia Power Ambassadors), identify and support various local causes and organizations which directly benefit their neighborhoods and communities. To learn more about Georgia Power's commitment to citizenship throughout Georgia, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
1/13/2017Southern Nuclear names new site vice president at Plant Farley
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Jan. 13, 2017 /PRNewswire/ -- Southern Nuclear Chairman, President and CEO Stephen Kuczynski announced today that Dennis Madison has been named site vice president of the Joseph M. Farley Nuclear Plant.
"Dennis is an accomplished, proven leader who consistently performs at the highest level of standards and expertise," said Kuczynski. "I have the utmost confidence in his ability to lead the Farley team to achieve top industry performance."
After earning a bachelor's degree in business administration from Auburn University and a bachelor's degree in civil engineering from the University of Alabama Birmingham, Madison joined Alabama Power in 1982 as an assistant engineer in Engineering and Operating Services. He progressed through positions of increasing responsibility before being named operations manager in training at the Edwin I. Hatch Nuclear Plant in 1994. He was promoted to Plant Hatch site vice president in 2007 and assumed his most recent job – Southern Nuclear fleet operations vice president – in 2014. Madison also holds an MBA from Samford University.
"For nearly 40 years, Farley has consistently delivered safe, clean and reliable energy for the residents of Alabama and has strived to be an asset in the communities we serve," said Madison. "I am honored to have the opportunity to lead Farley's talented team in our continued pursuit of excellence in performance and service."
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
About Southern Company:
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Nuclear
Article Date
1/13/20171/11/2017 - Alabama Power Dividends Declared
Alabama Power Dividends Declared
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Jan. 11, 2017 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
|
Preferred Stock |
|
($100 Par Value) |
|
4.20% - $1.05 per share |
|
4.52% - $1.13 per share |
|
4.60% - $1.15 per share |
|
4.64% - $1.16 per share |
|
4.72% - $1.18 per share |
|
4.92% - $1.23 per share |
|
Class A Preferred Stock |
|
($25 Capital Value) |
|
5.83% - $.3644 per share |
|
Preference Stock |
|
($25 Capital Value) |
|
6.45% - $.403125 per share |
|
6.50% - $.406250 per share |
These dividends are for the quarter ending March 31, 2017, payable April 1, 2017, to shareholders of record on March 17, 2017.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
SOURCE Alabama Power Company
Article Date
1/11/2017Southern Company subsidiary acquires additional wind facility in Texas
Source: PR Newswire
ATLANTA, Jan. 9, 2017 /PRNewswire/ -- As part of the company's renewable growth strategy, Southern Company subsidiary Southern Power today announced the acquisition of the 276-megawatt (MW) Bethel Wind Energy Center in Texas from Invenergy Services LLC.
"Bethel Wind is an important piece of our renewable portfolio as we expand our wind generating capacity in 2017," said Southern Power President and CEO Buzz Miller. "This facility will help serve our customers with clean wholesale energy."
With the addition of the Bethel Wind Energy Center, Southern Power owns more than 3,200 MW of renewable generation across 36 solar, wind and biomass facilities either announced, acquired or under construction. In total, the Southern Company system has added or announced more than 6,500 MW of renewable generation since 2012.
Blattner Energy Inc. constructed the Bethel Wind Energy Center, and Invenergy Services LLC will operate and maintain the facility upon completion. Located in Castro County, the Bethel Wind Energy Center utilizes 120 wind turbines manufactured by General Electric Renewable Energy. Construction activities began in January 2016 and final commissioning of the turbines is expected to be completed in January 2017.
The majority of the electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a long-term agreement with Google Energy. Southern Power, through its subsidiaries, will retain the remainder of the electricity and associated RECs, which it may keep or sell.
This project aligns with Southern Power's overall business strategy of strengthening its wholesale business through acquiring and constructing generating assets substantially covered by long-term contracts.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 46 facilities operating or under construction in 11 states with more than 12,600 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Bethel Wind Energy Center. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
1/9/2017Georgia Power restores power to 98+ percent of customers impacted by Winter Storm Helena
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 7, 2017 /PRNewswire/ -- Georgia Power has restored service to more than 67,000 customers, or more than 98 percent of all customers, impacted by Winter Storm Helena. The company was prepared for the storm and responded quickly and safely overnight with more than 1,200 personnel working to restore service and repair damage from ice covered trees and limbs falling on power lines.
As of 7 p.m. Saturday, there were approximately 100 individual cases of damage remaining and 1,500 customers without power statewide. Nearly half of the customers currently without power lost power after the storm as high winds and icy conditions continued to cause power outages throughout the day. The company estimates that nearly all customers currently impacted who can take service will have service restored by 10 p.m. tonight.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
Tools You Can Use
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
1/8/2017Georgia Power restores power to 50,000+ customers following Winter Storm Helena
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 7, 2017 /PRNewswire/ -- As Winter Storm Helena passed through Georgia overnight, it brought snow, ice and sub-freezing temperatures. Georgia Power was prepared to respond to service interruptions, restoring power to more than 50,000 customers following the storm. Outages have been primarily due to ice covered trees and limbs falling on power lines.
As of noon. Saturday, there are more than 400 individual cases of damage and approximately 8,000 customers without power statewide. High winds remain in some locations and may cause additional outages throughout the day.
Georgia Power personnel will continue to restore power for customers as quickly and safely as possible. The company reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off of power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
Tools You Can Use
If you are without electric service due to Winter Storm Helena, Georgia Power offers the following outage tips:
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
1/7/2017Southern Company subsidiary announces strategic wind development agreement
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 30, 2016 /PRNewswire/ -- As part of the company's renewable development strategy, Southern Company subsidiary Southern Power today announced a joint development agreement with Renewable Energy Systems Americas Inc. (RES) to develop and construct approximately 3,000 megawatts (MW) across 10 projects with commercial operation dates between 2018 and 2020. Additionally, Southern Power has signed agreements to purchase wind turbine equipment from both Siemens and Vestas for use at the facilities.
"Southern Power has a long-standing history of partnering with major equipment manufacturers and developers while growing one of the nation's largest wholesale green energy portfolios," said Southern Power President and CEO Buzz Miller. "We now have priority access to a robust, visible development pipeline and a supply chain for turbines from two premier technology providers, reinforcing our focus on wind energy investments over the next several years."
The wind turbine equipment purchased from both Siemens and Vestas will be used to secure current tax benefits for the identified projects. RES will serve as the lead developer and balance-of-plant provider for projects that are expected to utilize the equipment. This strategic arrangement allows for Southern Power to serve as co-developer for future projects.
This transaction further distinguishes Southern Power from other wholesale energy companies and expands upon its business strategy of growing its business through the acquisition, development and construction of generating assets substantially covered by long-term contracts.
Today, Southern Power owns more than 3,000 MW of renewable generation across 35 solar, wind and biomass facilities either announced, acquired or under construction. In total, the Southern Company system has added or announced more than 4,000 MW of renewable generation since 2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 45 facilities operating or under construction in 11 states with more than 12,300 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected development of future renewable projects. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; the ability of counterparties to perform as required; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
12/30/2016Southern Company subsidiary acquires two wind projects in Texas
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 22, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of two wind facilities in Texas – the 174-megawatt (MW) Salt Fork Wind Facility and the 126-MW Tyler Bluff Wind Facility – from EDF Renewable Energy. With these acquisitions, Southern Power owns more than 1,000 MW of wind power, growing its wholesale renewable portfolio to more than 3,000 MW.
"Southern Power is committed to strategically growing our wind generation portfolio," said Southern Power President and CEO Buzz Miller. "We are proud to add our second and third Texas wind facilities as we continue to help meet the energy needs of our customers."
With the addition of these two facilities, Southern Power has announced more than 3,000 MW of renewable generation across 35 solar, wind and biomass facilities that are operational or under construction. In total, the Southern Company system has added or announced more than 4,000 MW of renewable generation since 2012.
Salt Fork Wind Facility, located in Donley and Gray Counties, Texas, consists of 87 wind turbines manufactured by Vestas. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under separate, long-term contracts. The city of Garland, Texas, has signed a 14-year power purchase agreement for 150 MW and Salesforce has signed a 12-year agreement for 24 MW.
Tyler Bluff Wind Facility, located in Cooke County, Texas, consists of 52 wind turbines manufactured by Siemens. The majority of the facility's output is covered by an agreement with Procter & Gamble, allowing the company to offset 100 percent of the electricity needs for all its North America-based Fabric & Home Care plants. Southern Power will have the option to keep or sell the remaining RECs.
EDF Renewable Energy managed the development and construction of the facilities, which achieved commercial operation this month. EDF Renewable Services, the operations and maintenance subsidiary of EDF Renewable Energy, will provide balance-of-plant services.
These projects fit Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 45 facilities operating or under construction in 11 states with more than 12,300 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the operation of the Salt Fork and Tyler Bluff wind facilities and the future generating capacity of Southern Power and its subsidiaries' facilities. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward- looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
12/22/2016Southern Company subsidiary's Garland Solar Facility in California begins operation
Source: PR Newswire
ATLANTA, Dec. 14, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power and Recurrent Energy, a subsidiary of Canadian Solar Inc., today announced the commercial operation of the 200-megawatt (MW) Garland Solar Facility in California.
"We are excited to see this facility help meet the energy needs of our wholesale customers," said Southern Power President and CEO Buzz Miller. "The Garland Solar Facility adds to our growing list of renewable achievements in 2016 and is an important piece of our solar portfolio."
Southern Power has announced, acquired or is constructing more than 2,700 MW of renewable generation ownership with 33 solar, wind and biomass projects, including 11 solar projects in California. In all, the Southern Company system has added or announced more than 4,000 MW of renewable energy projects since 2012.
Southern Power is the majority owner of the Garland Solar Facility. Recurrent Energy managed the development of the project and owns the remaining interest. Construction of the facility began in November 2015 on 2,000 acres of land in Kern County, California.
"The completion of the Garland Solar Facility is testament to Southern Power and Recurrent Energy's strong partnership," said Dr. Shawn Qu, chairman and CEO of Canadian Solar Inc. "It has been a historic year for the Recurrent Energy team with 1.2 gigawatts of utility-scale solar projects under construction."
The Garland Solar Facility adds to Southern Company's robust renewable energy portfolio and fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
The electricity and associated renewable energy credits (RECs) generated by the facility are being sold under two long-term power purchase agreements with Southern California Edison, which will have the option to keep or sell the RECs.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers serving millions of end users. Southern Power and its subsidiaries own or have the rights to 43 facilities operating or under construction in 11 states with more than 12,000 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the operation of the Garland Solar Facility and the future generating capacity of Southern Power and its subsidiaries' facilities. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
Article Date
12/14/2016Second containment vessel ring placed at Vogtle Unit 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 13, 2016 /PRNewswire/ -- Georgia Power today announced the completion of another construction milestone at the Plant Vogtle expansion project – the placement of the second, or middle, containment vessel ring for Unit 3. The ring placement continues a series of major lifts performed in recent weeks, which has also included the setting of both the 612,000-pound Unit 3 reactor vessel and 2-million pound Unit 4 CA01 module.
The 2.4 million-pound, 51-foot tall containment vessel ring consists of dozens of individual steel plates and was fabricated on site. The ring was lifted into place by the heavy lift derrick and is the second of three containment vessel rings to be set for Unit 3.
The expansion at Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians well into the future. Once Units 3 and 4 join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any current U.S. nuclear facility, enough to power more than one million homes and businesses in Georgia.
Southern Nuclear, a subsidiary of Southern Company, is overseeing construction and will operate the two new 1,100-megawatt AP1000 units for Georgia Power and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities. Georgia Power owns 45.7 percent of the new units.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
SOURCE Georgia Power
Article Date
12/13/2016Southern Company's Roxann A. Laird named POWER-GEN's 2016 Woman of the Year
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 13, 2016 /PRNewswire/ -- POWER-GEN International has named Southern Company's Roxann A. Laird its 2016 Woman of the Year. Laird is director of the National Carbon Capture Center, a U.S. Department of Energy-sponsored project managed and operated by Southern Company, and also directs the company's reduced carbon, renewable and distributed energy research and development activities. The award was announced during a ceremony today in Orlando, Florida.
The Woman of the Year award was created four years ago by Power Engineering magazine to honor women who have dedicated their careers to advancing the power industry. Recipients of the award are also selected based on their ability to lead and efforts to influence, mentor and inspire young women to seek careers in energy.
"A respected company and industry leader, Roxann shares her valuable technical expertise as a mentor to our employees and her peers in the national and international energy community," said Southern Company Chief Environmental Officer Dr. Larry S. Monroe. "As the director of the National Carbon Capture Center, she has played a pivotal role in developing advanced technologies that are creating real, innovative solutions to deliver clean, safe, reliable and affordable energy."
Laird delivered the keynote address and was a featured panelist with the other finalists during the Women in Power Luncheon today at the Orange County Convention Center. Laird was also a finalist for POWER-GEN's Woman of the Year in 2015.
During more than 20 years with Southern Company, Laird has held a variety of positions in research and technology testing and development and process engineering, and has presented a number of papers about carbon capture and gasification at technical conferences and in research publications. She holds a bachelor's degree in chemical engineering from Auburn University.
Laird also oversees chairmanship of the International Test Center Network, a global consortium of leaders in the research and development of carbon reduction technologies.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
12/13/201612/12/2016 - Southern Company Named Energy Company of the Year
Southern Company Named Energy Company of the Year
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 12, 2016 /PRNewswire/ -- A year of significant growth in an active industry helped Southern Company (NYSE: SO), the country's premier energy company, claim two of the energy industry's most prized recognitions last week at the Platts Global Energy Awards.
Southern Company – which grew to become the second largest U.S. utility this year – was named the "Energy Company of the Year" at the 18th annual Platts awards gala, held in New York and often described as the "Oscars" of energy.
Platts recognized Southern Company as a leader among its peers in diversity, scope, technological innovation, consumer care and environmental concern. Award winners were chosen from more than 170 nominees from 30 countries.
"On behalf of our more than 31,000 employees, I am truly honored to be recognized with these prestigious awards," Southern Company Chairman, President and CEO Thomas A. Fanning said. "Southern Company has built a long-term record of success – for more than a century – by adhering to a customer-focused business model. We remain committed to meeting customers' energy needs today while building the future of energy through cutting-edge research and technology."
Southern Company also received the "Strategic Deal of the Year" award for its merger with AGL Resources. Platts recognized Southern Company for completing the $12 billion deal in just 10 months and doubling its customer base to 9 million.
The merger strengthened Southern Company's ability to deliver even greater customer and shareholder value by playing offense in developing the infrastructure necessary to meet America's growing energy demands by delivering tomorrow's energy solutions. The strategic combination also brought together two utilities with similar business models and values – each recognized for outstanding reliability, world-class customer service and a commitment to inventing America's energy future.
Southern Company was also a finalist in the "CEO of the Year" and "Industry Leadership for Power" categories. Platts described the company as "strategic," "diverse" and "dynamic" – and judges applauded both the company and Fanning, a 35-year veteran of the firm, for a reputation for providing strong financial performance. Platts also praised the company's evolution to become one of the most diversified and admired electric and gas utilities.
"We congratulate Southern Company for its impressive dual win," said Martin Fraenkel, president of Platts. "In this low-price environment, it is no small feat for Southern Company to deliver ever-improving dividends to its shareholders and an ever-expanding footprint. Southern Company, as all of the Global Energy Awards winners and the finalists alike, are to be applauded for their impressive contributions to the world's energy arena."
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About Platts
Founded in 1909, Platts is the commodities information arm of S&P Global and a premier source of benchmark price references, with news, data and information coverage spanning biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemicals, shipping and sugar.
SOURCE Southern Company
Article Date
12/12/2016Georgia Power dedicates new 30-MW solar facility at Fort Stewart
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 9, 2016 /PRNewswire/ -- Leaders from Georgia Power and the U.S. Army joined elected officials, community leaders and other dignitaries at Fort Stewart near Hinesville, Ga. today to dedicate a new 30 megawatt (MW) on-base solar facility. The 30 MW alternating current, or 42 MW direct current, solar generation facility is the fourth completed by Georgia Power in collaboration with the military, joining similar on-base solar facilities recently unveiled with the U.S. Army at Forts Benning and Gordon, as well as the Department of the Navy (DON) at Naval Submarine Base (SUBASE) Kings Bay.
Georgia Power is currently developing more than 150 MW of solar generation to serve the state's electric customers through five large-scale projects with the U.S. Army and DON. Construction of the fifth project at Marine Corps Logistics Base (MCLB) Albany is currently underway.
"Completing the third and final installment of our collaborative 3x30 solar program with the U.S. Army is a tremendous accomplishment for our company and our customers who will benefit from this energy source," said Norrie McKenzie, vice president of renewable development for Georgia Power. "Since we announced these projects in May of 2015, the Army has been a steadfast partner and truly recognizes the importance of renewable energy for the base, the community, the state and the country."
The Fort Stewart solar facility was built and is owned and operated by Georgia Power with energy delivered to the state's electric grid at or below the company's avoided cost (the amount projected it would cost the company to generate comparable energy from other sources). Including related transmission and distribution infrastructure, the solar project at Fort Stewart occupies 250 acres, utilizes approximately 139,200 ground-mounted photovoltaic (PV) panels and is estimated to represent a $75 million investment at the installation.
In coordination with the Georgia Public Service Commission (PSC), Georgia Power continues to develop renewable energy as part of a diverse generation portfolio through programs designed to prevent upward pressure on customer rates. Through the company's various solar initiatives, millions of solar panels are being added to Georgia's energy landscape. Most recently, Georgia Power received approval from the Georgia PSC to add up to 1,600 MW of new renewable generation by 2021, as well as new demonstration projects to study wind and solar generation opportunities as part of its 2016 Integrated Resource Plan (IRP).
A leader in renewable development, Georgia Power was recently included in the Smart Electric Power Alliance's (SEPA) annual Top 10 Utility Solar list in recognition of solar connections to the state's electric grid in 2015 and was previously named the 2014 Investor-Owned Utility of the Year by the organization. To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.GeorgiaPower.com/Solar.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of renewable energy projects. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
12/9/201612/7/2016 - Georgia Power supports new At-Promise Youth Center in partnership with Atlanta Police Foundation
Georgia Power supports new At-Promise Youth Center in partnership with Atlanta Police Foundation
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 7, 2016 /PRNewswire/ -- Georgia Power today announced a $500,000 donation from the Georgia Power Foundation to the Atlanta Police Foundation to benefit the Atlanta Police Department's new At-Promise Youth Center on Atlanta's Westside. The donation was presented at a special groundbreaking event held at the future site of the center and will be used to help transform the space on English Avenue into a new state-of-the-art learning and community facility, offering specialized services, group activities and a gathering place for area youth and residents.
Atlanta Mayor Kasim Reed and Georgia Power leadership, along with representatives from the Atlanta Police Foundation, Atlanta law enforcement and other contributors to the project commemorated the beginning of construction at the At-Promise Youth Center this morning.
"Georgia Power is proud to partner with the Atlanta Police Foundation and the Atlanta Police Department in helping to provide a new outlet for Atlanta youth here at the At-Promise Youth Center," said Paul Bowers, chairman, president and CEO of Georgia Power. "The center is a symbol of collaboration among Atlanta's leaders and only we can make a difference."
"The key to further reducing crime in Atlanta is to provide services and mentorship opportunities to our City's youth, and the At-Promise model which focuses on diversion, intervention and prevention is designed to address this specific need," said Dave Wilkinson, President and CEO, Atlanta Police Foundation. "It is often said by APD that you can't arrest your way out of juvenile crime, and our dedication to the At-Promise model will help create pathways to success for youth in Atlanta, ultimately helping reduce the number of young people who negatively experience the criminal justice system."
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the third-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
12/7/2016Georgia Power Foundation celebrates 30 years of helping communities
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 6, 2016 /PRNewswire/ -- The Georgia Power Foundation, Inc. today celebrated 30 years of supporting communities across the state as Georgia Power's nonprofit, 501(c)3 corporate giving foundation. In honor of the milestone, the Foundation is recognizing longstanding partners and organizations that have a strong local impact in their communities with additional donations totaling $30,000. Among others, recognized agencies include:
"At Georgia Power, we are a citizen wherever we serve and strongly believe that we have an obligation as Georgia's largest utility provider to help make our communities better," said Mike Anderson, Georgia Power's senior vice president of Community and Corporate Relations. "Our community involvement is multi-faceted, including charitable giving through our Foundation and thousands of employee volunteers serving hundreds of hours in their communities. Although our Foundation is only 30 years old, giving back to the communities where we live and work has been a part of our heritage for more than 130 years."
The Georgia Power Foundation's support of health and human services, education, environment, arts and culture, and civic and community organizations range from those with a national reach and local presence, such as the American Red Cross, to organizations focused only on Georgia communities, such as Grady Hospital in Atlanta.
"Our longtime partnership with Georgia Power means so much to the Red Cross and the people we serve," said Terri Badour, CEO, American Red Cross of Georgia. "Together, we help families prepare for and recover from all types of disasters in our state and the ongoing support makes a meaningful difference for neighbors in need."
Established in 1986, the Georgia Power Foundation has contributed more than $170 million and supported more than 2,000 qualifying nonprofit organizations across Georgia. In 2015, contributions included $3 million to health & human services organizations, $4.4 million towards improving education, $2.6 million for environmental stewardship, $1.2 million to arts & culture organizations and $752,000 towards civic & community agencies for a total of $12M contributed across the state.
To learn more about the Georgia Power Foundation, Inc., and apply for a grant, visit GeorgiaPower.com/Community.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power Foundation, Inc.
Article Date
12/6/2016Georgia Power PrepareAthon! to help customers prepare for winter weather
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 5, 2016 /PRNewswire/ -- Georgia Power is highlighting Winter Weather Awareness Week Dec. 5-9 during the company's first-ever Georgia Power PrepareAthon! In collaboration with the Federal Emergency Management Agency and the Georgia Emergency Management and Homeland Security Agency, the company created the online campaign to help its 2.5 million customers better understand how severe winter weather impacts the state and steps they can take in advance to be prepared.
The Georgia Power PrepareAthon! features a new online video series, hosted on Georgia Power's YouTube channel. Every day throughout the week, the company will spotlight specific preparedness tips or actions that customers can take to become winter ready.
PrepareAthon! Video Schedule
Georgia Power will wrap up the week with a statewide day of action on Dec. 9 featuring a live Twitter event from 1 p.m. – 1:30 p.m. where representatives will demonstrate and discuss how to build an emergency kit, as well as answer questions submitted on Twitter using @GeorgiaPower. In addition to its social fans, the company invites elementary school teachers across the state to tune in with their students in the classroom as an interactive lesson. An activity sheet and certificate of completion for students is also available from the company at GeorgiaPower.com/PrepareAthon.
For more information about staying prepared with Georgia Power, before, during and after severe weather, visit the company's online storm center at GeorgiaPower.com/storm. To learn more about the nationwide America's PrepareAthon! program, visit Community.FEMA.gov.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company.. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
12/5/2016Reactor vessel placed inside Georgia Power's Vogtle Unit 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 30, 2016 /PRNewswire/ -- Georgia Power announced today the placement of the first nuclear reactor vessel in the state of Georgia in more than 30 years at the Plant Vogtle expansion project near Augusta.
The 306-ton reactor vessel was lifted into its permanent location inside the Unit 3 nuclear island on Nov. 23, using one of the largest cranes in the world – a heavy-lift derrick with a 560-foot front boom. Construction contractors Westinghouse and Fluor Corp. performed the lift. The reactor vessel was fabricated by Doosan Heavy Industries in South Korea, arrived at the Port of Savannah, and was shipped to the construction site by train on a specialized rail car.
Standing 35 feet tall, the reactor vessel functions as a heat source from the nuclear fission process to produce steam that will generate electricity for homes and businesses throughout Georgia.
"The safe placement of the Unit 3 reactor vessel, the first to be placed in our state in decades, inside the nuclear island is a tremendous milestone for the Vogtle project," said Mark Rauckhorst, executive vice president of construction. "With this placement, the unit is one step closer to completion and entering service."
This achievement is the latest in a series of recent construction highlights, including the placement of the CA01 module for Unit 4 on Nov. 21 – the project's second-heaviest lift. The CA01 module weighs more than 2 million pounds, or 1,000 tons, and stands 70 feet tall, 95 feet wide, 80 feet long and was assembled on site at the project's 12-story Module Assembly Building. The CA01 module, made entirely of steel, will house two steam generators for Unit 4, in addition to other equipment.
Visit Georgia Power's YouTube site for time-lapse videos of the CA01 and reactor vessel placements.
Other recent milestones include:
The expansion at Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians well into the future. Once Units 3 and 4 join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any current U.S. nuclear facility, enough to power more than one million homes and businesses in Georgia.
Southern Nuclear, a subsidiary of Southern Company, is overseeing construction and will operate the two new 1,100-megawatt AP1000 units for Georgia Power and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities. Georgia Power owns 45.7 percent of the new units.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/30/201611/23/2016 - Mississippi Power announces electricity generation at second of two gasifiers at Kemper County energy facility
Mississippi Power announces electricity generation at second of two gasifiers at Kemper County energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., Nov. 23, 2016 /PRNewswire/ -- Mississippi Power announced today it had achieved another major milestone with electricity generated in the second gasifier at the Kemper County energy facility by synthesis gas, or syngas, from lignite. Last month, the company announced electricity had been generated in the first of the facility's two gasifiers.
"This is a substantial step forward for the project," said Mississippi Power Chairman, President and CEO Anthony L. Wilson. "We are now closer to integrating all of the systems at the facility to deliver on our mission to provide clean, reliable energy for our customers. I cannot be happier with this step in the process."
The company announced earlier this month it was completing maintenance on the first gasifier at the plant, which followed six weeks of successful syngas production including generation of the plant's first electricity using syngas.
The remaining major milestones for the IGCC include successful carbon capture and integration of all systems necessary for both combustion turbines to simultaneously generate electricity with syngas. The expected date for the plant to be placed in service is Dec. 31.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOneTM Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the projected schedule for completing construction and start-up of the integrated coal gasification combined cycle project in Kemper County, Mississippi (the Kemper IGCC). Mississippi Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Mississippi Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, sustaining nitrogen supply, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission (PSC)); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Mississippi Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Mississippi Power
Article Date
11/23/2016Project SHARE continues tradition of neighbors helping neighbors this holiday season
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 23, 2016 /PRNewswire/ -- Georgia Power is inviting customers to join the company and The Salvation Army to make a difference this holiday season through the longstanding Project SHARE initiative. Project SHARE, established in partnership with The Salvation Army in 1985, was one of the first fuel funds in America and provides assistance for expenses, such as utility bills, housing, food and medical necessities. By donating as little as a dollar through their Georgia Power bill payment, customers can provide meaningful, localized assistance for a neighbor in need with donated funds staying in the same community. More than one million Georgians have received assistance from the program over the past 30 years.
"Project SHARE grew from our commitment to developing customer-focused programs that can make an impact and is fueled by our customers' generosity and desire to help their neighbors," said Louise Scott, vice president of customer service for Georgia Power. "Thanks to our long-standing partnership with The Salvation Army, Project SHARE continues to be one of our most successful charitable programs in communities in every part of the state."
"Through Project SHARE, The Salvation Army reaches thousands of Georgians in crisis every year. A sick family member, a lost job, or other serious challenges often make it difficult to maintain a safe and secure home," said Major Charles Powell, divisional commander of The Salvation Army of Georgia. "With the generous support of Georgia Power and thousands of their concerned customers, The Salvation Army is able to intervene and provide stability and security for many such households. We are sincerely grateful for this outstanding partnership and the real difference it makes for people in need across our state."
Program Has Broad Impact
Since Project SHARE's inception, approximately 363,000 households throughout the state have received assistance with more than $67 million contributed to the program by Georgia Power and its customers. Last year, more than 36,000 Georgia Power customers donated to the program leading to a total contribution, including Georgia Power's match, of more than $2.3 million.
Donate to Project SHARE
Although Georgia Power's support of the program continues throughout the year, the company highlights the work of Project SHARE annually on December and January Georgia Power bills. By enrolling in the program, customers have the option to make an automatic monthly donation of $1, $2, $5 or $10 simply by adding the amount to their bill payment. Georgia Power then matches the donation, dollar for dollar.
Georgians can also make a one-time donation directly to Project SHARE through The Salvation Army by calling (800) 257-4273 or visiting www.salvationarmygeorgia.org. To learn more about Project SHARE, or to support the program with Georgia Power today, visit www.georgiapower.com/projectshare.
About Georgia Power:
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/23/2016Special Black Friday deals available on Georgia Power Marketplace
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 22, 2016 /PRNewswire/ -- Black Friday shopping has never been easier, with special deals available on the Georgia Power Marketplace beginning at 12:01 a.m. on Friday, Nov. 25. The Marketplace brings the most popular energy saving products from smart thermostats to LED lighting to a single convenient online portal and streamlines the rebate process through integration with customers' Georgia Power accounts.
Black Friday deals* available on Georgia Power Marketplace include:
Additional deals will be available on the Georgia Power Marketplace for Cyber Monday, such as 6 LED bulbs for $6. Best of all, shipping is free on all products beginning on Black Friday and continuing through Cyber Monday.
Deals and promotions will change throughout the holiday week, including early access to some Black Friday deals, so shoppers should check the site early and often for the latest offers and full terms and conditions.
In addition to the Georgia Power Marketplace, the company offers customers convenient and valuable energy saving tools and resources online at GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
*Must be a Georgia Power customer. Nest marks are property of Nest Labs. August Smart Lock marks are property of August Home.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/22/201611/18/2016 - Southern Company announces new executive leader
Southern Company announces new executive leader
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 18, 2016 /PRNewswire/ -- Southern Company today announced a key addition to its executive leadership team, effective December 5.
Nancy Sykes has been named executive vice president and chief human resources officer of Southern Company Services, providing direction to the overall enterprise. Sykes joins Southern Company from U.S. Steel, where she has served as vice president and chief human resources officer since 2015. There, she was responsible for all facets of the company's human resources organization, including employee development, talent management, talent acquisition and medical and health services.
Sykes will report directly to Chairman, President and CEO Thomas A. Fanning. She will be responsible for managing the human resources and labor relations function for Southern Company and all of its subsidiaries. She will also be charged with developing and implementing human capital strategies to attract, engage and motivate the current workforce and the workforce of the future.
"At Southern Company, our focus on developing successful employees is critical to how we serve our customers and our communities," Fanning said. "Our commitment to that core value is a driving force behind everything we do. It's one of the keys to 'how' we build the future of energy. Nancy brings a wealth of experience and knowledge to our leadership team, and we look forward to her arrival."
Sykes joined U.S. Steel after spending more than five years with The Goodyear Tire and Rubber Company. Her last role at Goodyear was vice president for human resources, Asia Pacific, with responsibility of all aspects of human resources for the company's Asia Pacific strategic business unit across 12 countries.
Prior to joining Goodyear, Sykes spent 20 years at General Electric. In 2005, she was named global human resources leader for GE Water & Process Technologies, and in 2007 she assumed the role of global human resources leader for GE Intelligent Platforms.
Sykes is a native of Binghamton, N.Y., and graduated from Rochester Institute of Technology with a bachelor's degree in mechanical engineering. She is also a certified Six Sigma Black Belt in human resources.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
11/18/2016Georgia Power names 2016 New Teacher Assistance Grant recipients
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 18, 2016 /PRNewswire/ -- Georgia Power today announced the selection of 41 new teachers from across the state to receive one of the company's annual $1,000 New Teacher Assistance Grants. Since launching the program in 2004, the company has awarded a total of $368,000 in individual grants to more than 340 new teachers from communities across the state. The grants are courtesy of the non-profit Georgia Power Foundation, Inc. and provide the state's newest teachers with funds to purchase classroom supplies and start their classroom careers.
"Georgia's future leaders are learning the skills they need to be successful every day in our classrooms," said Anne Kaiser, vice president of community and economic development for Georgia Power. "Supporting education is supporting our state's future and is critical to ensuring that we are prepared for Georgia's vibrant economic future with a skilled workforce."
Nominations were submitted by Georgia public colleges and universities that have schools of education. To be eligible for a grant, candidates must be in the top 25 percent of their class, be a first-year teacher employed by a public school in Georgia and demonstrate a high aptitude for teaching.
Nominations are reviewed by a statewide selection committee with grants awarded beginning in November. Grant recipients include pre-K, elementary, middle and high school teachers who are encouraged to use the funds to purchase items such as books, educational CDs or DVDs, computers, projectors, or other supplies to enhance their classrooms.
2016 New Teacher Assistant Grant recipients include:
Central Region
Coastal Region
East Region
Metro Atlanta
Northeast Region
Northwest Region
South Region
West Region
Georgia Power has been a partner with the state's public education system for more than 100 years – from supporting the work of groups such as Junior Achievement, to providing new teacher assistance grants, to hosting students at the company's generation facilities, Georgia Power works to help students achieve their full potential. For more information about how the company is helping advance education and build the highly skilled workforce of tomorrow, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/18/2016Latest quarterly Vogtle Timeline, aerial flyover videos released
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 18, 2016 /PRNewswire/ -- The latest Vogtle Timeline video is now available from Georgia Power, showcasing progress and recent events at the Vogtle nuclear expansion during the third quarter of 2016. The construction of Plant Vogtle Units 3 and 4 is state's largest job-producing construction project with more than 6,000 construction workers on site now and 800 permanent jobs once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
Now available on Georgia Power's YouTube Channel, the third-quarter timeline video highlights:
In addition to the timeline video, Georgia Power has posted its latest aerial flyover video of the construction site featuring up close, high definition views of the nuclear islands, including the containment areas, and the turbine islands.
Georgia Power delivers reliable energy for customers at the lowest possible cost by leveraging a diverse generation mix, including nuclear, 21st century coal and natural gas, as well as renewables such as solar and wind. To learn more about Georgia Power's diverse generation portfolio and the Vogtle nuclear expansion project visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/18/2016Southern Company subsidiary acquires the Boulder Solar I Facility in Nevada
Source: PR Newswire
ATLANTA, Nov. 17, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power and SunPower Corp. today announced that Southern Power has acquired a controlling interest in the 100-megawatt (MW) Boulder Solar I Facility in Nevada from SunPower, which will own the remaining interest in the project.
"Our recent acquisition of the Boulder Solar I Facility underscores Southern Power's growing success in acquiring and developing utility-scale solar across the United States," said Southern Power President and CEO Buzz Miller. "This project aligns with our business model as we strategically develop our renewable portfolio."
The Boulder Solar I Facility is located in Clark County, approximately 20 miles southeast of Las Vegas. Southern Power co-owns two additional solar facilities in Nevada, the 20-MW Apex Solar Facility and the 30-MW Spectrum Solar Facility.
"With over 30 years' experience and more than 2.6 gigawatts of innovative solar power plants operating around the world, SunPower is a global leader driving the adoption of reliable, cost-effective solar power at utility scale," said Ty Daul, SunPower Senior Vice President, Americas Power Plants. "We are proud to partner with Southern Power to deliver long-term value to Nevada customers through the Boulder Solar I Facility."
Construction of Boulder Solar I began in January 2016 and the facility is expected to begin commercial operation in December 2016. SunPower developed, designed and constructed the plant, and will operate and maintain it upon completion. NV Energy will purchase the electricity and associated portfolio energy credits generated by the facility under a 20-year power purchase agreement. Boulder Solar I operates using SunPower® Oasis® Power Plant technology, a fully integrated, modular solar power block that is engineered to rapidly and cost-effectively deploy large solar projects that maximize power generation while optimizing land use.
With the addition of the Boulder Solar I Facility, Southern Power owns more than 2,700 MW of renewable generation from 33 solar, wind and biomass facilities either announced, acquired or under construction. In total, the Southern Company system has added or announced more than 4,000 MW of renewable generation since 2012.
The Boulder Solar I project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 43 facilities operating or under construction in 11 states with more than 12,000 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About SunPower
As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Boulder Solar I Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SunPower's Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding expected project timelines. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to challenges inherent in constructing and maintaining certain of our large projects. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 10-K, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
© 2016 Southern Company and SunPower Corporation. SUNPOWER, the SUNPOWER logo and OASIS are registered trademarks of SunPower Corporation in the U.S. and other countries as well.
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SOURCE Southern Company
Article Date
11/17/201611/16/2016 - Southern Company announces new legal team leadership
Southern Company announces new legal team leadership
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 16, 2016 /PRNewswire/ -- Southern Company today announced a key addition to its executive leadership team, effective December 1.
Sterling A. Spainhour, Jr., has been named senior vice president and general counsel of Southern Company Services. Spainhour joins Southern Company from Jones Day, where he has served as partner at the international law firm's Atlanta office since 2004. There, he worked on several Southern Company projects, including the company's acquisition of Southern Company Gas, the acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system, and the acquisition of PowerSecure International.
Spainhour will lead the legal organization of Southern Company Services – the shared services company that supports Southern Company's operating company subsidiaries. He will be responsible for the day-to-day legal support of the administrative and operational clients at SCS and will work closely with the other general counsels across the system to help support the operating companies.
"Many of us at Southern Company have had the opportunity to work closely with Sterling, and know him to possess excellent legal skills, impeccable judgment and values consistent with our own," said Jim Kerr, Southern Company's executive vice president, general counsel and chief compliance officer. "Our company has expanded the breadth and complexity of its business in the past year with key acquisitions and partnerships that position us to be a global leader in the energy industry. Sterling will add expertise, experience and judgment to our legal team as we continue to help our clients grow the business and add value to our customers."
While at Jones Day, Spainhour served as administrative partner of the Atlanta office for a number of years, and his substantive expertise was as a mergers and acquisitions attorney to both public and private companies. He has deep transactional experience in a variety of industries including energy, consumer products, chemicals and business services. He also advised boards of directors on corporate governance and director liability matters.
Spainhour previously served as counsel for CNN, where he was responsible for advising the cable news network's internet divisions on a full range of legal matters. He is also heavily involved in the community and currently is an advisory board member of the Trust for Public Land and previously served on the board of directors of Big Brothers Big Sisters of Metro Atlanta and as co-President of Trinity School's Parent Association. Sterling is a graduate of the University of North Carolina-Chapel Hill and the Duke University School of Law and Fuqua School of Business.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
11/16/2016Georgia Power dedicates new 30-MW solar facility at Fort Gordon
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 16, 2016 /PRNewswire/ -- Leaders from Georgia Power and the U.S. Army joined elected officials, community leaders and other dignitaries at Fort Gordon near Augusta, Ga. today to dedicate a new 30 megawatt (MW) on-base solar facility. The 30 MW alternating current, or 42 MW direct current, solar generation facility is the third completed by Georgia Power in collaboration with the military, joining similar on-base solar facilities recently unveiled with the U.S. Army at Fort Benning and the Department of the Navy (DON) at Naval Submarine Base (SUBASE) Kings Bay.
Georgia Power is currently developing more than 150 MW of solar generation to serve the state's electric customers through five strategic projects with the U.S. Army and DON, including additional projects at Fort Stewart and the Marine Corps Logistics Base (MCLB) Albany.
"The Augusta area is on the cutting edge of energy including both this state of the art solar facility, as well as new carbon free energy being developed at the Plant Vogtle expansion," said Norrie McKenzie, vice president of renewable development for Georgia Power. "As we mark the completion of this latest project, we appreciate the Army's continued collaboration and recognition of the importance that this new energy source will have for our customers as well as the base and the surrounding community."
The Fort Gordon solar facility was built and is owned and operated by Georgia Power with energy delivered to the state's electric grid at or below the company's avoided cost (the amount projected it would cost the company to generate comparable energy from other sources). Including related transmission and distribution infrastructure, the solar project at Fort Gordon occupies 270 acres, utilizes approximately 137,500 ground-mounted photovoltaic (PV) panels and is estimated to represent a $75 million investment at the installation.
In coordination with the Georgia Public Service Commission (PSC), Georgia Power continues to develop renewable energy as part of a diverse generation portfolio through programs designed to prevent upward pressure on customer rates. Through the company's various solar initiatives, millions of solar panels are being added to Georgia's energy landscape. Most recently, Georgia Power received approval from the Georgia PSC to add up to 1,600 MW of new renewable generation by 2021, as well as new demonstration projects to study wind and solar generation opportunities as part of its 2016 Integrated Resource Plan (IRP).
A leader in renewable development, Georgia Power was recently included in the Smart Electric Power Alliance's (SEPA) annual Top 10 Utility Solar list in recognition of solar connections to the state's electric grid in 2015 and was previously named the 2014 Investor-Owned Utility of the Year by the organization. To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.GeorgiaPower.com/Solar.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of renewable energy projects. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
11/16/2016Georgia Power offers tips for Utilities United Against Scams Day
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 16, 2016 /PRNewswire/ -- Today, Georgia Power is marking the inaugural Utilities United Against Scams Day (UUAS Day). UUAS Day is a collaborative effort among the electric, gas, and water utility industries to help prevent utility service fraud through education, awareness, and customer advocacy initiatives with the goal of helping customers learn how to identify and avoid utility-related scams.
Reminders from Georgia Power to avoid scams:
Georgia Power continues to work with law enforcement agencies throughout the state to identify and prosecute criminals who pose as Georgia Power employees in order to defraud customers. The company encourages customers to report scams and fraud attempts to local law enforcement and to the Federal Trade Commission at https://www.ftccomplaintassistant.gov/. Additional information about frequent scams and how the company works to protect customers is available at www.GeorgiaPower.com/Scam.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/16/201611/14/2016 - Georgia Natural Gas Donates $500,000 to Zoo Atlanta
Georgia Natural Gas Donates $500,000 to Zoo Atlanta
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 14, 2016 /PRNewswire/ -- As part of Georgia Natural Gas' commitment to community outreach, the company will present Zoo Atlanta with $500,000 in support of Zoo Atlanta's Grand New View capital campaign. The donation will support Zoo Atlanta's revitalization of the historic Cyclorama building, making it a one-of-a-kind event destination overlooking a new African Savanna where the zoo's African elephants and giraffes will roam. Other transformations will include a grand entry plaza from Cherokee Avenue, following the demolition of the Zoo's present administration building. The project is estimated for completion in 2019.
"Georgia Natural Gas believes in giving back to the communities where we live, work, and operate," says Michael Braswell, president of Georgia Natural Gas. "The Zoo connection really runs deep for our company and employees, since we have volunteered there for over a decade. We are excited to be able to make this contribution to Zoo Atlanta, which will help further their ability to serve Georgians."
"Thanks to good corporate citizens like Georgia Natural Gas, we not only met, but exceeded, our financial goals for completing the Grand New View: Elephants, Events and Expansion campaign. We're deeply grateful to Mike Braswell, Drew Evans and everyone at GNG for this donation," said Raymond B. King, president and CEO of Zoo Atlanta.
"As president and CEO of Southern Company Gas and board chairman of Zoo Atlanta, I am extremely grateful for the generous gift Georgia Natural Gas has chosen to donate to the Zoo," said Drew Evans. "Zoo Atlanta is the community's zoo, and this gift will allow the Zoo to serve the Atlanta community in a greater capacity for years to come."
Georgia Natural Gas is a premier natural gas marketer, serving approximately half a million customers. Georgia Natural Gas is actively engaged in the community with a community service focus on children and education; seniors; energy assistance; and environment and sustainability initiatives.
For more information regarding Georgia Natural Gas, please visit https://gng.com/about-us.
About Georgia Natural Gas
Georgia Natural Gas is a leading provider of natural gas to homes and businesses in Georgia. Georgia Natural Gas is part of SouthStar Energy Services, a preeminent retail natural gas marketing company operating in nine states. Based in Atlanta, SouthStar manages a portfolio of brands across its retail footprint including Georgia Natural Gas in the state of Georgia, Nicor Advanced Energy and Nicor Solutions in Illinois, and in other states, Ohio Natural Gas, Florida Natural Gas, Maryland Energy and Grand Rapids Energy (Michigan). SouthStar also does business in Tennessee and the Carolinas and in other parts of the southeast as SouthStar Energy Services. For more information visit: www.GNG.com.
About Zoo Atlanta
Viewed as one of the finest zoological institutions in the U.S. and a proud accredited member of the Association of Zoos and Aquariums (AZA), Zoo Atlanta has a mission to inspire value and preservation of wildlife through a unique mix of education and outdoor family experiences. From well-known native wildlife to critically endangered species on the brink of extinction, the Zoo offers memorable close encounters with more than 1,000 animals from around the world. The Zoo's newest destination, Scaly Slimy Spectacular: The Amphibian and Reptile Experience, featuring more than 70 species in a 111,000 square-foot complex, opened in 2015 and is the world's first LEED Gold-certified reptile and amphibian exhibit. Zoo highlights include giant pandas, including a set of twins born to Lun Lun in September 2016; North America's largest zoological population of great apes; and a global center of excellence for the care and study of reptiles and amphibians. Up-close-and-personal animal experiences include behind-the-scenes Wild Encounters with African elephants, Aldabra giant tortoises, lemurs and warthogs. Zoo Atlanta is open daily with the exceptions of Thanksgiving and Christmas Day. Keeper talks, interactive wildlife shows, education programs and special events run year-round. For more information, visit zooatlanta.org.
About SouthStar Energy Services
SouthStar Energy Services (SouthStar) is a preeminent retail natural gas marketing company operating in nine states. Based in Atlanta, SouthStar manages a portfolio of brands across its retail footprint including Georgia Natural Gas in the state of Georgia, Nicor Advanced Energy and Nicor Solutions in Illinois, and in other states, Ohio Natural Gas, Florida Natural Gas, Maryland Energy and Grand Rapids Energy (Michigan). SouthStar also does business in Tennessee and the Carolinas and in other parts of the southeast as SouthStar Energy Services. For more information visit: www.southstarenergy.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE: SO), America's premier energy company. Southern Company Gas serves approximately 4.5 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate gas pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at southerncompanygas.com
SOURCE Georgia Natural Gas
Article Date
11/14/2016Georgia Power presents inaugural Preston Arkwright Award for service
Source: PR Newswire
ATLANTA, Nov. 14, 2016 /PRNewswire/ -- Georgia Power has announced the recipient of the first-ever Preston Arkwright Award for service – Misty Fernandez, project manager at the company's Customer Care Center in Henry County. The company created the award to spotlight and recognize the exceptional commitment to service demonstrated by thousands of employees working every day in communities across the state. Jack Dogan, energy services representative in Augusta, and Bobby Wilson, operations support manager in McDonough, were also selected as runners up for the award during a special ceremony held recently at the annual Citizens of Georgia Power statewide meeting.
"Enriching our neighborhoods and improving the lives of those around us is a passion shared by all Georgia Power employees – not just today, but since the very beginning of our company," said Paul Bowers, chairman, president and CEO of Georgia Power. "I am proud of Jack, Misty and Bobby's dedication to their communities and honored to recognize the impact they have made for so many."
Fernandez has worked with Georgia Power for more than 16 years and has embraced the company's service philosophy in tandem with her personal dedication to the community. Among her many volunteer activities, she has functioned as a court appointed special advocate for foster children in Clayton County, taught English as a second language (ESL) classes since 2000 and she currently serves on the board of Welcoming Atlanta, a City of Atlanta initiative to promote inclusion for immigrant and refugee communities.
The Preston Arkwright Award was created in honor of Preston Arkwright, the company's first president who coined the phrase "A Citizen Wherever We Serve" more than 100 years ago. Employees were nominated by their colleagues for the award, with finalists selected by a panel and winners chosen by employee voting. As part of the award, Fernandez will receive a $5,000 donation to a nonprofit of her choice. Dogan and Wilson will each receive a $1,500 donation to nonprofits of their choice.
A commitment to citizenship is at the heart of Georgia Power's culture. In 2015, the company and the non-profit Georgia Power Foundation together invested more than $17 million in communities and non-profit organizations across the state. In addition, 6,000 employees and retirees completed more than 160,000 volunteer hours – an all-time record for the company. To learn more about how Georgia Power is working to make Georgia an even better place to live and work, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/14/201611/11/2016 - Doug Hertz named to Georgia Power board of directors
Doug Hertz named to Georgia Power board of directors
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 11, 2016 /PRNewswire/ -- Georgia Power announced today the election of Doug Hertz to the company's board of directors. Hertz is an Atlanta native and has served as president and CEO of United Distributors, a beverage wholesaler based in metro Atlanta serving Georgia and Alabama, since 1984.
"Doug's leadership and decades of expertise building brands and developing successful business strategies will be tremendously valuable," said Paul Bowers, chairman, president and CEO of Georgia Power. "In addition to his business success, he is committed to Georgia, its communities and its citizens, and shares our passion for making our state the best possible place to live, work and do business."
Under Hertz's leadership, United, a privately held beverage distribution business for more than 70 years, has grown as one of the top private companies in metro Atlanta employing more than 1,200 people. Prior to assuming a leadership role with United Distributors, Hertz worked in accounting and consulting services with KPMG in New Orleans. He holds a bachelor's in History, as well as an MBA, from Tulane University.
Hertz is a pillar of the community, having founded and currently serving as chairman of Camp Twin Lakes, a network of camping facilities designed for children and adults with serious illnesses, disabilities or other challenges. He also serves as Chairman of the Board of Georgia Research Alliance and the Woodruff Arts Center and as a trustee for the Marcus Foundation, East Lake Community Foundation and the Holly Lane Foundation. Hertz serves on the boards of Atlantic Capital Bank, Metro Atlanta Chamber and Narrative Content Group, and is a limited partner in the Atlanta Falcons.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/11/2016Veterans play key roles on the front lines of service for Georgia Power customers
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 11, 2016 /PRNewswire/ -- As Georgians say "thank you" to veterans across the state this Veterans Day, Georgia Power is recognizing the nearly one in 10 employees companywide who have served in the U.S. military. Veterans from every branch of the armed forces have transitioned their military skills and play key roles on the front lines of power delivery in Georgia, serving in positions such as linemen and power plant personnel. Additionally, a third of the workforce of the new nuclear units at Plant Vogtle near Augusta is comprised of veterans.
Georgia Power is a leading employer for veterans, with programs for servicemen and women at all levels, including the company's Military Veterans in Power (MVP) employee resource group. MVP brings together company executives and veterans to help those who have served transition to the civilian workforce while also focusing on charitable activities with other organizations that support veterans and their families across the state.
"Today, we express our gratitude to the brave men and women who have given selflessly to protect the freedoms that we hold so dear," said Paul Bowers, chairman, president and CEO of Georgia Power. "We are proud to be a company that attracts the best and brightest from the United States Armed Forces. These men and women strengthen the fabric of our company as we serve our customers and communities every day."
Mission: Hurricane Matthew
Nowhere is the parallel between front line service in the military and at Georgia Power more pronounced than in storm restoration. Following Hurricane Matthew in October, one of the strongest hurricanes to ever hit the Georgia coast, veterans were in the field as part of Georgia Power teams restoring power to hundreds of thousands of customers in dangerous conditions.
James Laird, currently a Georgia Power lineman and safety specialist, was an infantryman in the U.S. Marine Corps from 1994 to 1999 and Tennessee National Guard from 2000 to 2004.
"With Hurricane Matthew, there was a lot of damage and work that needed to be done," said Laird. "We all had a sense of pride about our jobs and when we finished getting the lights back on, there was a huge sense of accomplishment. I've always had a calling to serve, and working here, in many ways, is about serving."
Programs, partnerships and accolades
Georgia Power's parent company, Southern Company, is a founding partner of the Troops to Energy Jobs program, a recruiting source that links veterans to job openings in the energy industry, and actively recruits members of the Navy as a Naval Nuclear Propulsion Program partner. Through this program, Georgia Power has been able to transition veterans directly from military bases including Fort Stewart near Savannah to positions within the company. Southern Company is consistently recognized for its veterans programs, including being named to G.I. Jobs' annual Top 100 Military Friendly Employer® listing and as a "Best for Vets Employer" by Military Times EDGE for multiple years.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
11/11/2016Georgia Power Foundation funds new protective equipment for Atlanta Police Department
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 10, 2016 /PRNewswire/ -- Georgia Power today announced a $900,000 donation from the Georgia Power Foundation to the Atlanta Police Foundation to benefit the Atlanta Police Department (APD). The donation will be used to purchase tactical body armor including bulletproof vests and helmets for all APD officers to improve officers' ability to safely respond to active shooter events. The Georgia Power Foundation made the donation as a result of a public call for support from the business community by Atlanta Mayor Kasim Reed.
The City of Atlanta is matching Georgia Power's donation, for a total of $1.8 million, and will purchase 1,856 vests and helmets. The funding will enable APD to provide helmets and vests to its beat officers for the first time in Department history, with officers from Atlanta Fire Rescue Department (AFRD) and the Department of Corrections (DOC) receiving helmets and vests as well.
Leaders from the company, the mayor's office and Atlanta law enforcement announced the donation today during a special event at Atlanta City Hall.
"Safety is a core value at Georgia Power and we consider law enforcement a true partner in Atlanta and in every Georgia community in which we live, work and serve," said Paul Bowers, chairman, president and CEO of Georgia Power. "We heard Mayor Reed's call for action and we're honored to be able to support the men and women of the APD, enhancing the safety of the officers who work around the clock to protect citizens and visitors to our city."
"Following the tragic events in Dallas, Texas and Baton Rouge, Louisiana, I called on our city's business and civic leaders to contribute to the purchase of this essential, potentially life-saving equipment," said Mayor Reed. "Paul Bowers and Georgia Power answered my call. I offer my gratitude to him and to the brave women and men of the Atlanta Police Department, who put their lives on the line to protect ours each day."
"One of the top priorities of the Atlanta Police Department is to increase officer safety. Our officers are on the front lines and must take immediate action if confronted with an active shooter situation," said Chief George N. Turner. "This generous donation from Georgia Power will allow us to equip our officers with an extra layer of protection against high-powered rifles. I want to especially thank Mayor Reed for allocating the matching funding needed to purchase the full set of equipment."
The Georgia Power Foundation
The Georgia Power Foundation, a non-profit 501(c)(3) organization, is the third-largest corporate giving foundation in Georgia. The Foundation provides grants to organizations that are enriching communities across the state and is part of Georgia Power's corporate and community relations strategy focusing on Improving Education, Environmental Stewardship, Arts & Culture, and Health & Human Services.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Watch the announcement from Atlanta City Hall on Georgia Power's Facebook page.
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SOURCE Georgia Power
Article Date
11/10/2016Mississippi Power issues statement regarding Kemper County energy facility schedule
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., Nov. 4, 2016 /PRNewswire/ -- Mississippi Power continues making progress on the completion of the Kemper County energy facility. Last month, the project reached its most significant milestone to date when it generated electricity using syngas from Mississippi lignite.
As the company continues start-up and commissioning activities at Kemper, Mississippi Power today announced it is revising the facility's scheduled in-service date to Dec. 31, 2016.
The one-month extension is needed because on Wednesday, Nov. 2, Mississippi Power determined a maintenance outage on gasifier A, one of the facility's two gasifiers, was needed to make improvements to the ash removal systems. This maintenance to gasifier A follows six weeks of successful syngas production including generation of the plant's first electricity with syngas. During the outage for gasifier A, the company plans to bring gasifier B online in order to implement the necessary testing ahead of the production of electricity with syngas.
The remaining schedule reflects the time expected to achieve production of electricity using gasifier B, complete outage activities on gasifier A and resume electricity production on gasifier A, as well as to complete the integration of all systems necessary for both combustion turbines to simultaneously generate electricity with syngas.
The company also revised its cost estimate subject to the cost cap for the Kemper project – since the last monthly report to the Mississippi Public Service Commission – to include an additional $25 million related to the schedule extension. All of those costs will be paid by Southern Company and Mississippi Power – not by Mississippi Power customers.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOne™ Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the projected cost and schedule for completing construction and start-up of the integrated coal gasification combined cycle project in Kemper County, Mississippi (the Kemper IGCC). Mississippi Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Mississippi Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, sustaining nitrogen supply, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission (PSC)); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Mississippi Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Mississippi Power
Article Date
11/4/201611/2/2016 - Southern Linc selects Motorola's WAVE 7000 PTT offering for next generation LTE Push To Talk (PTT) service
Southern Linc selects Motorola's WAVE 7000 PTT offering for next generation LTE Push To Talk (PTT) service
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 2, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Linc has chosen Motorola Solutions' WAVE 7000 high-performance broadband PTT solution for Southern Company's new mission-critical LTE network. PTT is a critical communications service for Southern Company and WAVE 7000 will combine sub-second PTT call performance with a rich ecosystem of broadband applications. PTT via the WAVE 7000 solution will provide quick communication between coworkers as well as interoperability with work groups and other organizations using the network.
"Push To Talk is a vital communications tool for our utilities and for public safety," said Tami Barron, Southern Linc President and CEO. "The value of Push To Talk to Southern Company was demonstrated recently in the storm recovery efforts following Hurricane Matthew. PTT was an essential tool used to coordinate response activities with Georgia Power, GDOT, GEMA and other first responders."
The next generation of PTT for Southern Linc's new LTE network brings security and encryption of calls plus greater call flexibility. The WAVE 7000 architecture will be fully redundant and highly reliable, just as the new LTE network will be.
"Our WAVE 7000 high-performance PTT offering on the new LTE network will be best in class," stated Tom Newdome, Engineering Director at Southern Linc. "Southern Linc selected the WAVE 7000 solution as the best system to meet the technical and business needs for Mission Critical Broadband PTT," he continued.
PTT users will be able to establish and participate in enterprise-level group calls, and they can create individual ad-hoc groups for personal group calls. Users can also use one-to-one private communications with individuals when needed. Broadcast group functionality−the ability to make announcements to teams of users and limit responses−is available as well.
In addition to PTT, WAVE 7000 offers a rich user experience. Its messaging client allows users to share multimedia and location information. Integrated mapping shows where talk group members are located and offers immediate ways to communicate with them. Additionally, features such as presence/availability sharing, priority level configuration, priority talkgroup scanning and console integration will enhance team communication for Southern Linc customers. To ease the transition from Southern Linc's current iDEN network to the new LTE network, the WAVE 7000 PTT service will offer interoperability, enabling users on the LTE network to communicate with those on the iDEN network.
Southern Linc is constructing a new 4G LTE Advanced network to meet the growing mission-critical data needs of its largest customer, Southern Company's electric utilities. The highly reliable network will have the capacity to serve the most crucial data needs of area businesses and local government as well. The new 4G LTE Advanced network will offer network encryption over the air and the WAVE 7000 PTT service will be encrypted from user to user. In addition, the company is further strengthening emergency backup power capabilities with hydrogen fuel cell technology at key locations and is adding main power and core data center redundancy to increase the reliability of the new network. Southern Linc plans to begin migrating existing PTT users to the new LTE PTT solution in 2018.
About Southern Linc Wireless
Southern Linc, a Southern Company (NYSE: SO), is an Atlanta-based regional wireless carrier with network coverage in the major metro and rural areas of Alabama, Georgia, southeast Mississippi and northwest Florida. Southern Linc combines multiple communication options, including Push To Talk two-way radio (PTT), cellular service, wireless data, and text and picture messaging, into one hand-held device. For more information, please call 1-800-818-LINC (5462) or visit www.southernlinc.com.
Twitter: @southernlinc
Facebook: Southern Linc
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Linc Wireless
Article Date
11/2/2016Utilities partner to enhance power grid preparedness: Southern Company, LG&E and KU, PPL Electric Utilities and TVA establishing equipment sharing program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Nov. 1, 2016 /PRNewswire/ -- Southern Company, along with Louisville Gas and Electric Company and Kentucky Utilities Company (LG&E and KU), PPL Electric Utilities and the Tennessee Valley Authority (TVA), today announced a new initiative designed to enhance the resiliency and reliability of the power grid by providing additional sources for obtaining critical equipment following disastrous events.
The initiative – known as RESTORE, or Regional Equipment Sharing for Transmission Outage Restoration – will establish a voluntary program where participants identify spare transformers and other transmission equipment that would be made available for purchase by other participants should they experience a widespread disaster or physical attack within their service area.
"Utility partnerships are critical to successful recovery following disaster situations," Southern Company Chief Transmission Officer Billy Ball said. "Southern Company has a history of helping our neighbors in times of need, and the RESTORE program will continue that legacy while preparing for the threats facing the grid today. This joint effort is intended to not only strengthen overall grid resiliency, but also benefit the customers we serve by adding flexibility to our recovery plans."
"Just as our electric distribution-focused mutual assistance partnerships have played a critical role in helping to mitigate the impact of natural disasters or other types of emergencies on the systems of partnership participants and their customers, we believe the RESTORE initiative will prove just as beneficial to the electric transmission system and power grid as a whole," LG&E and KU Vice President of Transmission Tom Jessee said. "Establishing these types of relationships and being able to call on neighboring utilities at a moment's notice will mean a more efficient response and expedited recovery when experiencing these types of emergencies."
"Availability of equipment and timely delivery are often critical to successful restoration during disaster recovery," TVA Senior Vice President of Transmission and Power Delivery Bob Dalrymple said. "TVA is always looking for opportunities to continue and improve our mission of service to the people of the Tennessee Valley and our neighbors. The RESTORE program provides an opportunity for utilities to join together and work for the common good of the region and overall resilience of the transmission grid."
"At PPL, we continue to pursue solutions to maintain the safety and security of the power grid, and to address any issues related to the reliability of our nation's power supply," PPL Electric Utilities Vice President of Transmission and Substations Stephanie Raymond said. "Joining a collaborative initiative like RESTORE increases our ability to resolve grid reliability issues to meet the needs of our customers in times of an emergency."
The RESTORE program is intended to expand to include other utilities in the region. The founding companies plan to engage other utilities and transmission owners in their respective regions to discuss their interest in the program. The program would not replace other industry programs or internal sparing processes, but will have a complementary role.
About LG&E and KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve nearly 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 322,000 natural gas and 403,000 electric customers in Louisville and 16 surrounding counties. KU serves 546,000 customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.
About PPL Electric Utilities
PPL Electric Utilities provides electric delivery service to more than 1.4 million homes and businesses in Pennsylvania and ranks among the best utility companies in the country for customer service and reliability. PPL Electric Utilities is a major employer in the communities it serves. It is a subsidiary of PPL Corporation (NYSE: PPL). For more information visit www.pplelectric.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. For more information visit www.southerncompany.com.
About TVA
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.
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SOURCE Southern Company
Article Date
11/1/201610/31/2016 - Southern Company reports third quarter earnings
Southern Company reports third quarter earnings
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 31, 2016 /PRNewswire/ -- Southern Company today reported third quarter 2016 earnings of $1.1 billion, or $1.18 per share, compared with earnings of $1.0 billion, or $1.05 per share, in the third quarter of 2015. For the nine months ended September 30, 2016, earnings were $2.2 billion, or $2.39 per share, compared with $2.1 billion, or $2.30 per share, for the same period in 2015.
Excluding the items described in the "Net Income – Excluding Items" table below, Southern Company earned $1.2 billion, or $1.28 per share, during the third quarter of 2016, compared with $1.1 billion, or $1.17 per share, during the third quarter of 2015. For the nine months ended September 30, 2016, excluding these items, Southern Company earned $2.5 billion, or $2.64 per share, compared with earnings of $2.2 billion, or $2.45 per share, for the same period in 2015.
|
Non-GAAP Financial Measures |
Three Months Ended September |
Year-to-Date September | |||
|
Net Income - Excluding Items (in millions) |
2016 |
2015 |
2016 |
2015 | |
|
Net Income - As Reported |
$1,145 |
$959 |
$2,242 |
$2,096 | |
|
Estimated Loss on Kemper IGCC |
63 |
150 |
197 |
182 | |
|
Tax Impact |
(24) |
(57) |
(76) |
(70) | |
|
Acquisition and Integration Costs |
43 |
16 |
107 |
16 | |
|
Tax Impact |
(14) |
(4) |
(34) |
(4) | |
|
Additional MCAR Settlement Costs |
- |
- |
- |
7 | |
|
Tax Impact |
- |
- |
- |
(3) | |
|
Subtotal |
$1,213 |
$1,064 |
$2,436 |
$2,224 | |
|
Earnings Guidance Comparability Items: |
|||||
|
Equity Return Related to Kemper IGCC Schedule Extension
|
(7) |
- |
(7) |
- | |
|
Tax Impact |
(1) |
- |
(1) |
- | |
|
Southern Company Gas Earnings, |
(46) |
- |
(46) |
- | |
|
net of Acquisition and Integration Costs |
|||||
|
Tax Impact |
18 |
- |
18 |
- | |
|
Acquisition Debt Financing Costs |
68 |
- |
107 |
- | |
|
Tax Impact |
(26) |
- |
(41) |
- | |
|
Net Income – Excluding Items |
$1,219 |
$1,064 |
$2,466 |
$2,224 | |
|
Adjusted Average Shares Outstanding – Acquisition Financing (in millions) |
954 |
910 |
935 |
910 | |
|
Basic Earnings Per Share – Excluding Items |
$1.28 |
$1.17 |
$2.64 |
$2.45 | |
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers for the third quarter of 2016 were positively influenced by warmer than normal weather, retail revenue effects at Southern Company's traditional electric operating companies and stronger-than-expected performance of its Southern Power subsidiary. Earnings were negatively influenced by increased shares outstanding.
"We are pleased with the performance of our electric and gas businesses so far this year, including the strong performance of our wholesale generation subsidiary, Southern Power," said Southern Company Chairman, President and CEO Thomas A. Fanning. "For the first time, our reported earnings include results from Southern Company Gas, including the recent investment in the Southern Natural Gas pipeline. With these investments and the recently announced strategic alliance between our PowerSecure subsidiary and Bloom Energy, Southern Company continues to build the future of energy for the benefit of the customers and communities we are privileged to serve."
Third quarter 2016 operating revenues were $6.3 billion, compared with $5.4 billion for the third quarter of 2015, an increase of 16.0 percent. Southern Company Gas accounted for $0.5 billion of the increase in operating revenues for the third quarter of 2016. For the nine months ended September 30, 2016, operating revenues were $14.7 billion, compared with $13.9 billion for the same period in 2015, an increase of 5.7 percent.
Southern Company's third quarter earnings slides with supplemental financial information, including its earnings estimate for the fourth quarter of 2016, earnings guidance for 2017 and the company's financial outlook for the next five years, are included in the October 31, 2016 Analyst Day materials available at http://investor.southerncompany.com.
Southern Company's Analyst Day presentation will begin at 8:45 a.m. Eastern Time today, during which Fanning, Chief Financial Officer Art P. Beattie and other members of the company's executive management team will discuss earnings, provide a general business update and discuss the company's long-term outlook. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
|
Southern Company | ||||||||||||||||
|
Financial Highlights | ||||||||||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
|
Three Months Ended |
Year-to-Date September | |||||||||||||||
|
Net Income–As Reported (See Notes) |
2016 |
2015 |
2016 |
2015 | ||||||||||||
|
Traditional Electric Operating Companies |
$ |
1,033 |
$ |
874 |
$ |
2,092 |
$ |
1,912 |
||||||||
|
Southern Power |
176 |
102 |
315 |
181 |
||||||||||||
|
Southern Company Gas |
4 |
— |
4 |
— |
||||||||||||
|
Total |
1,213 |
976 |
2,411 |
2,093 |
||||||||||||
|
Parent Company and Other |
(68) |
(17) |
(169) |
3 |
||||||||||||
|
Net Income–As Reported |
$ |
1,145 |
$ |
959 |
$ |
2,242 |
$ |
2,096 |
||||||||
|
Basic Earnings Per Share1 |
$ |
1.18 |
$ |
1.05 |
$ |
2.39 |
$ |
2.30 |
||||||||
|
Average Shares Outstanding (in millions) |
968 |
910 |
940 |
910 |
||||||||||||
|
End of Period Shares Outstanding (in millions) |
980 |
909 | ||||||||||||||
|
Non-GAAP Financial Measures |
Three Months Ended |
Year-to-Date | ||||||||||||||
|
Net Income–Excluding Items (See Notes) |
2016 |
2015 |
2016 |
2015 | ||||||||||||
|
Net Income–As Reported |
$ |
1,145 |
$ |
959 |
$ |
2,242 |
$ |
2,096 |
||||||||
|
Estimated Loss on Kemper IGCC2 |
63 |
150 |
197 |
182 |
||||||||||||
|
Tax Impact |
(24) |
(57) |
(76) |
(70) |
||||||||||||
|
Acquisition and Integration Costs3 |
43 |
16 |
107 |
16 |
||||||||||||
|
Tax Impact |
(14) |
(4) |
(34) |
(4) |
||||||||||||
|
Additional MCAR Settlement Costs4 |
— |
— |
— |
7 |
||||||||||||
|
Tax Impact |
— |
— |
— |
(3) |
||||||||||||
|
Subtotal |
$ |
1,213 |
$ |
1,064 |
$ |
2,436 |
$ |
2,224 |
||||||||
|
Earnings Guidance Comparability Items: |
||||||||||||||||
|
Equity Return Related to Kemper IGCC |
(7) |
— |
(7) |
— |
||||||||||||
|
Tax Impact |
(1) |
— |
(1) |
— |
||||||||||||
|
Southern Company Gas Earnings, net of Acquisition and Integration Costs6 |
(46) |
— |
(46) |
— |
||||||||||||
|
Tax Impact |
18 |
— |
18 |
— |
||||||||||||
|
Acquisition Debt Financing Costs6 |
68 |
— |
107 |
— |
||||||||||||
|
Tax Impact |
(26) |
— |
(41) |
— |
||||||||||||
|
Net Income–Excluding Items |
$ |
1,219 |
$ |
1,064 |
$ |
2,466 |
$ |
2,224 |
||||||||
|
Adjusted Average Shares Outstanding - Acquisition Financing6(in millions) |
954 |
910 |
935 |
910 |
||||||||||||
|
Basic Earnings Per Share–Excluding Items |
$ |
1.28 |
$ |
1.17 |
$ |
2.64 |
$ |
2.45 |
||||||||
|
Notes |
||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||
|
-See Notes on the following page. | ||||||||||||||||
|
Southern Company | ||||||||||||
|
Financial Highlights | ||||||||||||
|
Notes |
||||||||||||
|
(1) For the three and nine months ended September 30, 2016 and 2015, dilution does not change basic earnings per share by more than 2 cents and is not material. | ||||||||||||
|
(2) The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three and nine months ended September 30, 2016 and 2015. Similar charges of uncertain amounts may occur with uncertain frequency in future periods. | ||||||||||||
|
(3) Earnings for the three and nine months ended September 30, 2016 and 2015 include costs related to the acquisition of Southern Company Gas and earnings for the three and nine months ended September 30, 2016 include costs related to the acquisitions of PowerSecure International, Inc. and the 50% interest in Southern Natural Gas Company, L.L.C. (SNG). Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | ||||||||||||
|
(4) Earnings for the nine months ended September 30, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. | ||||||||||||
|
(5) Earnings for the three and nine months ended September 30, 2016 include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. Southern Company's February 2016 earnings guidance assumed construction would be complete and AFUDC equity would cease by August 31, 2016. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to the February guidance. Management also uses such measures to evaluate Southern Company's performance in 2016. | ||||||||||||
|
(6) Earnings for the three and nine months ended September 30, 2016 include the earnings of Southern Company Gas since July 1, 2016 (the date of acquisition), as well as debt financing costs related to the acquisition. Earnings of Southern Company Gas since September 1, 2016 include amounts related to its acquisition of a 50% ownership interest in SNG. In addition, earnings per share for the three and nine months ended September 30, 2016 include the impact of 22,312,373 shares ($1.1 billion) of common stock issued in August 2016 to finance a portion of the purchase price for the SNG acquisition.
The timing of completion of the acquisition of Southern Company Gas was uncertain at the time Southern Company issued earnings per share guidance in February 2016, and Southern Company's agreement to acquire a 50% interest in SNG did not occur until July 2016. Accordingly, Southern Company's February 2016 guidance did not reflect any earnings contribution from these acquisitions or the financing costs related to the acquisitions. As a result, Southern Company believes presentation of earnings per share excluding these items provides investors with information comparable to the February guidance. Management also uses such measures to evaluate Southern Company's performance in 2016.
In addition to earnings and earnings per share calculated in accordance with U.S. generally accepted accounting principles (GAAP), Southern Company intends to continue to present earnings and earnings per share excluding the impact of the Wholesale Gas Services business of Southern Company Gas in future periods. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes volatility that results from mark-to-market and lower of weighted average cost or current market price accounting adjustments. Management also expects to use earnings and earnings per share excluding Wholesale Gas Services to evaluate Southern Company's performance. For the three and nine months ended September 30, 2016, the loss from Wholesale Gas Services and the related tax benefit were $18 million and $7 million, respectively.
| ||||||||||||
|
Southern Company | ||||||||||||||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||||||||||
|
2016 |
2015 |
Change |
2016 |
2015 |
Change | |||||||||||||||||||
|
Earnings Per Share– |
||||||||||||||||||||||||
|
As Reported1 (See Notes) |
$ |
1.18 |
$ |
1.05 |
$ |
0.13 |
$ |
2.39 |
$ |
2.30 |
$ |
0.09 |
||||||||||||
|
Significant Factors: |
||||||||||||||||||||||||
|
Traditional Electric Operating Companies |
$ |
0.18 |
$ |
0.20 |
||||||||||||||||||||
|
Southern Power |
0.08 |
0.15 |
||||||||||||||||||||||
|
Southern Company Gas |
0.01 |
0.01 |
||||||||||||||||||||||
|
Parent Company and Other |
(0.06) |
(0.19) |
||||||||||||||||||||||
|
Increase in Shares |
(0.08) |
(0.08) |
||||||||||||||||||||||
|
Total–As Reported |
$ |
0.13 |
$ |
0.09 |
||||||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||||||||||
|
Non-GAAP Financial Measures |
2016 |
2015 |
Change |
2016 |
2015 |
Change | ||||||||||||||||||
|
Earnings Per Share– |
||||||||||||||||||||||||
|
Excluding Items (See Notes) |
$ |
1.28 |
$ |
1.17 |
$ |
0.11 |
$ |
2.64 |
$ |
2.45 |
$ |
0.19 |
||||||||||||
|
Total–As Reported |
$ |
0.13 |
$ |
0.09 |
||||||||||||||||||||
|
Estimated Loss on Kemper IGCC2 |
(0.07) |
— |
||||||||||||||||||||||
|
Acquisition and Integration Costs3 |
0.02 |
0.07 |
||||||||||||||||||||||
|
Additional MCAR Settlement Costs4 |
— |
(0.01) |
||||||||||||||||||||||
|
Equity Return Related to Kemper IGCC |
(0.01) |
(0.01) |
||||||||||||||||||||||
|
Southern Company Gas Earnings, net of Acquisition and Integration Costs6 |
(0.03) |
(0.03) |
||||||||||||||||||||||
|
Acquisition Debt Financing Costs6 |
0.05 |
0.07 |
||||||||||||||||||||||
|
Additional Shares Issued for SNG Acquisition6 |
0.02 |
0.01 |
||||||||||||||||||||||
|
Total–Excluding Items |
$ |
0.11 |
$ |
0.19 |
||||||||||||||||||||
|
Notes |
||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||||||||||
|
- See Notes on the following page. | ||||||||||||||||||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Notes |
||||||||||||
|
(1) For the three and nine months ended September 30, 2016 and 2015, dilution does not change basic earnings per share by more than 2 cents and is not material. | ||||||||||||
|
(2) The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three and nine months ended September 30, 2016 and 2015. Similar charges of uncertain amounts may occur with uncertain frequency in future periods. | ||||||||||||
|
(3) Earnings for the three and nine months ended September 30, 2016 and 2015 include costs related to the acquisition of Southern Company Gas and earnings for the three and nine months ended September 30, 2016 include costs related to the acquisitions of PowerSecure International, Inc. and the 50% interest in Southern Natural Gas Company, L.L.C. (SNG). Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | ||||||||||||
|
(4) Earnings for the nine months ended September 30, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. | ||||||||||||
|
(5) Earnings for the three and nine months ended September 30, 2016 include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. Southern Company's February 2016 earnings guidance assumed construction would be complete and AFUDC equity would cease by August 31, 2016. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to the February guidance. Management also uses such measures to evaluate Southern Company's performance in 2016. | ||||||||||||
|
(6) Earnings for the three and nine months ended September 30, 2016 include the earnings of Southern Company Gas since July 1, 2016 (the date of acquisition), as well as debt financing costs related to the acquisition. Earnings of Southern Company Gas since September 1, 2016 include amounts related to its acquisition of a 50% ownership interest in SNG. In addition, earnings per share for the three and nine months ended September 30, 2016 include the impact of 22,312,373 shares ($1.1 billion) of common stock issued in August 2016 to finance a portion of the purchase price for the SNG acquisition.
The timing of completion of the acquisition of Southern Company Gas was uncertain at the time Southern Company issued earnings per share guidance in February 2016, and Southern Company's agreement to acquire a 50% interest in SNG did not occur until July 2016. Accordingly, Southern Company's February 2016 guidance did not reflect any earnings contribution from these acquisitions or the financing costs related to the acquisitions. As a result, Southern Company believes presentation of earnings per share excluding these items provides investors with information comparable to the February guidance. Management also uses such measures to evaluate Southern Company's performance in 2016.
In addition to earnings and earnings per share calculated in accordance with U.S. generally accepted accounting principles (GAAP), Southern Company intends to continue to present earnings and earnings per share excluding the impact of the Wholesale Gas Services business of Southern Company Gas in future periods. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes volatility that results from mark-to-market and lower of weighted average cost or current market price accounting adjustments. Management also expects to use earnings and earnings per share excluding Wholesale Gas Services to evaluate Southern Company's performance. For the three and nine months ended September 30, 2016, the loss from Wholesale Gas Services and the related tax benefit were $18 million and $7 million, respectively.
| ||||||||||||
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended September 2016 vs. September 2015 | |
|
Cents |
Description |
|
(2)¢ |
Retail Sales |
|
8 |
Retail Revenue Impacts |
|
11 |
Weather |
|
(1) |
Wholesale Operations |
|
1 |
Other Operating Revenues |
|
(1) |
Non-Fuel O&M |
|
(1) |
Depreciation and Amortization |
|
(1) |
Taxes Other Than Income Taxes |
|
(2) |
Other Income and Deductions |
|
(1) |
Interest Expense |
|
11¢ |
Total Traditional Electric Operating Companies |
|
8¢ |
Southern Power |
|
(2)¢ |
Parent and Other (Excluding Items)1 |
|
(6)¢ |
Increase in Shares (Excluding Items)2 |
|
11¢ |
Total Change in QTD EPS (Excluding Items) |
|
7 |
Estimated Loss on Kemper IGCC3 |
|
(2) |
Acquisition and Integration Costs4 |
|
1 |
Equity Return Related to Kemper IGCC Schedule Extension5 |
|
3 |
Southern Company Gas Earnings, net of Acquisition and Integration Costs6 |
|
(5) |
Acquisition Debt Financing Costs6 |
|
(2) |
Increase in Shares Issued for the Acquisition of a 50% Interest in SNG6 |
|
13¢ |
Total Change in QTD EPS (As Reported) |
|
Notes | |
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | |
|
- See Notes on the following page. | |
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended September 2016 vs. September 2015 | |
|
Notes | |
|
(1) Excludes Acquisition Debt Financing Costs, which are identified separately in the table. | |
|
(2) Excludes the impact of 22,312,373 shares ($1.1 billion) of common stock issued in August 2016 to finance a portion of the purchase price for the Southern Natural Gas Company, L.L.C. (SNG) acquisition which is identified separately in the table. | |
|
(3) The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended September 30, 2016 and 2015. Similar charges of uncertain amounts may occur with uncertain frequency in future periods. | |
|
(4) Earnings for the three months ended September 30, 2016 and 2015 include costs related to the acquisition of Southern Company Gas and earnings for the three months ended September 30, 2016 include costs related to the acquisitions of PowerSecure International, Inc. and the 50% interest in SNG. Further costs are expected to continue to occur in connection with the related integration activities; however, the amount and duration of such expenditures is uncertain. | |
|
(5) Earnings for the three and nine months ended September 30, 2016 include additional allowance for funds used during construction (AFUDC) equity as a result of extending the schedule for the Kemper IGCC construction project. Southern Company's February 2016 earnings guidance assumed construction would be complete and AFUDC equity would cease by August 31, 2016. As a result, Southern Company believes presentation of earnings per share excluding these amounts provides investors with information comparable to the February guidance. Management also uses such measures to evaluate Southern Company's performance in 2016. | |
|
(6) Earnings for the three months ended September 30, 2016 include the earnings of Southern Company Gas since July 1, 2016 (the date of acquisition), as well as debt financing costs related to the acquisition. Earnings of Southern Company Gas since September 1, 2016 include amounts related to its acquisition of a 50% ownership interest in SNG. In addition, earnings per share for the three months ended September 30, 2016 include the impact of 22,312,373 shares ($1.1 billion) of common stock issued in August 2016 to finance a portion of the purchase price for the SNG acquisition.
The timing of completion of the acquisition of Southern Company Gas was uncertain at the time Southern Company issued earnings per share guidance in February 2016, and Southern Company's agreement to acquire a 50% interest in SNG did not occur until July 2016. Accordingly, Southern Company's February 2016 guidance did not reflect any earnings contribution from these acquisitions or the financing costs related to the acquisitions. As a result, Southern Company believes presentation of earnings per share excluding these items provides investors with information comparable to the February guidance. Management also uses such measures to evaluate Southern Company's performance in 2016.
In addition to earnings and earnings per share calculated in accordance with U.S. generally accepted accounting principles (GAAP), Southern Company intends to continue to present earnings and earnings per share excluding the impact of the Wholesale Gas Services business of Southern Company Gas in future periods. Presenting earnings and earnings per share excluding Wholesale Gas Services provides investors with an additional measure of operating performance that excludes the volatility that results from mark-to-market and lower of weighted average cost or current market price accounting adjustments. Management also expects to use earnings and earnings per share excluding Wholesale Gas Services to evaluate Southern Company's performance. For the three months ended September 30, 2016, the loss from Wholesale Gas Services and the related tax benefit were $18 million and $7 million, respectively. | |
|
Southern Company | ||||||||||||||||||||||||
|
Consolidated Earnings | ||||||||||||||||||||||||
|
As Reported | ||||||||||||||||||||||||
|
(In Millions of Dollars) | ||||||||||||||||||||||||
|
Three Months Ended September |
Year-to-Date September | |||||||||||||||||||||||
|
2016 |
2015 |
Change |
2016 |
2015 |
Change | |||||||||||||||||||
|
Income Account- |
||||||||||||||||||||||||
|
Retail Electric Revenues- |
||||||||||||||||||||||||
|
Fuel |
$ |
1,296 |
$ |
1,432 |
$ |
(136) |
$ |
3,169 |
$ |
3,651 |
$ |
(482) |
||||||||||||
|
Non-Fuel |
3,512 |
3,269 |
243 |
8,763 |
8,307 |
456 |
||||||||||||||||||
|
Wholesale Electric Revenues |
613 |
520 |
93 |
1,455 |
1,435 |
20 |
||||||||||||||||||
|
Other Electric Revenues |
181 |
169 |
12 |
529 |
494 |
35 |
||||||||||||||||||
|
Natural Gas Revenues |
518 |
— |
518 |
518 |
— |
518 |
||||||||||||||||||
|
Other Revenues |
144 |
11 |
133 |
281 |
34 |
247 |
||||||||||||||||||
|
Total Revenues |
6,264 |
5,401 |
863 |
14,715 |
13,921 |
794 |
||||||||||||||||||
|
Fuel and Purchased Power |
1,627 |
1,713 |
(86) |
3,915 |
4,439 |
(524) |
||||||||||||||||||
|
Cost of Natural Gas |
133 |
— |
133 |
133 |
— |
133 |
||||||||||||||||||
|
Cost of Other Sales |
84 |
— |
84 |
161 |
— |
161 |
||||||||||||||||||
|
Non-Fuel O & M |
1,411 |
1,097 |
314 |
3,616 |
3,320 |
296 |
||||||||||||||||||
|
Depreciation and Amortization |
695 |
528 |
167 |
1,805 |
1,515 |
290 |
||||||||||||||||||
|
Taxes Other Than Income Taxes |
309 |
264 |
45 |
821 |
761 |
60 |
||||||||||||||||||
|
Estimated Loss on Kemper IGCC |
63 |
150 |
(87) |
197 |
182 |
15 |
||||||||||||||||||
|
Total Operating Expenses |
4,322 |
3,752 |
570 |
10,648 |
10,217 |
431 |
||||||||||||||||||
|
Operating Income |
1,942 |
1,649 |
293 |
4,067 |
3,704 |
363 |
||||||||||||||||||
|
Allowance for Equity Funds Used During Construction |
52 |
60 |
(8) |
150 |
163 |
(13) |
||||||||||||||||||
|
Interest Expense, Net of Amounts Capitalized |
374 |
218 |
156 |
913 |
612 |
301 |
||||||||||||||||||
|
Other Income (Expense), net |
21 |
(21) |
42 |
(38) |
(41) |
3 |
||||||||||||||||||
|
Income Taxes |
458 |
500 |
(42) |
951 |
1,076 |
(125) |
||||||||||||||||||
|
Net Income |
1,183 |
970 |
213 |
2,315 |
2,138 |
177 |
||||||||||||||||||
|
Less: |
||||||||||||||||||||||||
|
Dividends on Preferred and Preference Stock of Subsidiaries |
11 |
11 |
— |
34 |
42 |
(8) |
||||||||||||||||||
|
Net Income Attributable to Noncontrolling Interests |
27 |
— |
27 |
39 |
— |
39 |
||||||||||||||||||
|
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY |
$ |
1,145 |
$ |
959 |
$ |
186 |
$ |
2,242 |
$ |
2,096 |
$ |
146 |
||||||||||||
|
Notes |
||||||||||||||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||||
|
Kilowatt-Hour Sales | ||||||||||||||||||||||||
|
(In Millions of KWHs) | ||||||||||||||||||||||||
|
Three Months Ended September |
Year-to-Date September | |||||||||||||||||||||||
|
As Reported |
2016 |
2015 |
Change |
Weather Adjusted Change |
2016 |
2015 |
Change |
Weather Adjusted Change* | ||||||||||||||||
|
Kilowatt-Hour Sales- |
||||||||||||||||||||||||
|
Total Sales |
58,051 |
54,921 |
5.7 |
% |
151,099 |
149,044 |
1.4 |
% |
||||||||||||||||
|
Total Retail Sales- |
47,071 |
45,614 |
3.2 |
% |
(1.4) |
% |
124,535 |
124,895 |
(0.3) |
% |
(0.8) |
% | ||||||||||||
|
Residential |
17,213 |
15,801 |
8.9 |
% |
(0.4) |
% |
42,257 |
41,925 |
0.8 |
% |
0.2 |
% | ||||||||||||
|
Commercial |
15,805 |
15,289 |
3.4 |
% |
(0.7) |
% |
41,509 |
41,359 |
0.4 |
% |
(0.6) |
% | ||||||||||||
|
Industrial |
13,833 |
14,305 |
(3.3) |
% |
(3.3) |
% |
40,102 |
40,938 |
(2.0) |
% |
(2.1) |
% | ||||||||||||
|
Other |
220 |
219 |
0.7 |
% |
0.7 |
% |
667 |
673 |
(1.0) |
% |
(0.9) |
% | ||||||||||||
|
Total Wholesale Sales |
10,980 |
9,307 |
18.0 |
% |
N/A |
26,564 |
24,149 |
10.0 |
% |
N/A | ||||||||||||||
|
Note |
||||||||||||||||||||||||
|
*Also reflects adjustment of 2015 KWH sales consistent with Mississippi Power's updated methodology to estimate the unbilled revenue allocation among customer classes implemented in the first quarter 2015. | ||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||
|
Financial Overview | ||||||||||||||||||||||
|
As Reported | ||||||||||||||||||||||
|
(In Millions of Dollars) | ||||||||||||||||||||||
|
Three Months Ended September |
Year-to-Date September | |||||||||||||||||||||
|
2016 |
2015 |
% Change |
2016 |
2015 |
% Change | |||||||||||||||||
|
Southern Company – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
6,264 |
$ |
5,401 |
16.0 |
% |
$ |
14,715 |
$ |
13,921 |
5.7 |
% | ||||||||||
|
Earnings Before Income Taxes |
1,641 |
1,470 |
11.6 |
% |
3,266 |
3,214 |
1.6 |
% | ||||||||||||||
|
Net Income Available to Common |
1,145 |
959 |
19.4 |
% |
2,242 |
2,096 |
7.0 |
% | ||||||||||||||
|
Alabama Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
1,785 |
$ |
1,695 |
5.3 |
% |
$ |
4,561 |
$ |
4,551 |
0.2 |
% | ||||||||||
|
Earnings Before Income Taxes |
575 |
491 |
17.1 |
% |
1,196 |
1,113 |
7.5 |
% | ||||||||||||||
|
Net Income Available to Common |
350 |
295 |
18.6 |
% |
717 |
665 |
7.8 |
% | ||||||||||||||
|
Georgia Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
2,698 |
$ |
2,691 |
0.3 |
% |
$ |
6,621 |
$ |
6,685 |
(1.0) |
% | ||||||||||
|
Earnings Before Income Taxes |
967 |
892 |
8.4 |
% |
1,964 |
1,734 |
13.3 |
% | ||||||||||||||
|
Net Income Available to Common |
598 |
551 |
8.5 |
% |
1,214 |
1,064 |
14.1 |
% | ||||||||||||||
|
Gulf Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
436 |
$ |
429 |
1.6 |
% |
$ |
1,136 |
$ |
1,170 |
(2.9) |
% | ||||||||||
|
Earnings Before Income Taxes |
77 |
81 |
(4.9) |
% |
189 |
202 |
(6.4) |
% | ||||||||||||||
|
Net Income Available to Common |
45 |
48 |
(6.3) |
% |
108 |
120 |
(10.0) |
% | ||||||||||||||
|
Mississippi Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
352 |
$ |
341 |
3.2 |
% |
$ |
885 |
$ |
893 |
(0.9) |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
48 |
(52) |
N/M |
35 |
52 |
(32.7) |
% | |||||||||||||||
|
Net Income (Loss) Available to Common |
41 |
(21) |
N/M |
54 |
62 |
(12.9) |
% | |||||||||||||||
|
Southern Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
500 |
$ |
401 |
24.7 |
% |
$ |
1,189 |
$ |
1,086 |
9.5 |
% | ||||||||||
|
Earnings Before Income Taxes |
101 |
112 |
(9.8) |
% |
187 |
210 |
(11.0) |
% | ||||||||||||||
|
Net Income Available to Common |
176 |
102 |
72.5 |
% |
315 |
181 |
74.0 |
% | ||||||||||||||
|
Southern Company Gas – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
543 |
$ |
— |
N/A |
$ |
543 |
$ |
— |
N/A |
||||||||||||
|
Earnings Before Income Taxes |
11 |
— |
N/A |
11 |
— |
N/A |
||||||||||||||||
|
Net Income Available to Common |
4 |
— |
N/A |
4 |
— |
N/A |
||||||||||||||||
|
N/M - not meaningful |
||||||||||||||||||||||
|
N/A - not applicable |
||||||||||||||||||||||
|
Note |
||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||||||||
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SOURCE Southern Company
Article Date
10/31/2016Southern Company subsidiary acquires Wake Wind Energy Center
Source: PR Newswire
ATLANTA, Oct. 28, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of a controlling interest in the 257-megawatt (MW) Wake Wind Energy Center, the company's first wind acquisition in Texas. Invenergy Wind LLC developed and constructed Wake Wind and owns the remaining interest in the project.
"Southern Power remains committed to strategically developing our renewable energy portfolio," said Southern Power President and CEO Buzz Miller. "The Wake Wind Energy Center continues our growth in wind generation and will provide renewable wholesale energy to our customers."
The Wake Wind facility is located in the northwest Texas counties of Crosby and Floyd. The project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
"Wake Wind was developed to meet the needs of our customers for long-term renewable energy supply," said Jim Murphy, Chief Financial Officer and Operating Business Group President at Invenergy. "We're pleased Southern Power, a company with the same dedication to providing clean, affordable, wholesale generation to customers, wants to take ownership in this great project and we look forward to exploring additional opportunities to work with them in the future."
With the addition of the Wake Wind Energy Center, Southern Power owns more than 2,600 MW of renewable generation across 32 solar, wind and biomass facilities either announced, acquired or under construction. Across its system, Southern Company has added or announced more than 4,000 MW of renewable generation since 2012.
Blattner Energy Inc. was the lead construction contractor for Wake Wind Energy Center, and Invenergy Services LLC will operate and maintain the facility. The Wake Wind Energy Center uses 150 wind turbines manufactured by General Electric Renewable Energy.
The electricity and majority of the associated renewable energy credits (RECs) generated by the facility will be sold under two separate, long-term power sale agreements. Southern Power, through its subsidiaries, will retain a small percentage of electricity and RECs generated, which it may keep or sell.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers that serve more than 40 million end users. Southern Power and its subsidiaries own or have the rights to 42 facilities operating or under construction in 11 states with more than 11,900 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About Invenergy
Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe. Invenergy and its affiliated companies have developed more than 13,700 MW of projects that are in operation, construction or advanced development, including wind, solar, natural gas-fueled power generation and energy storage projects. For more information, please visit www.invenergyllc.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the operation of the Wake Wind Energy Center. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
10/28/2016Southern Company subsidiary closes on natural gas-fired power facility in Minnesota
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 27, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced it has completed the acquisition of the Mankato Energy Center from Calpine Corporation. Located in Mankato, Minnesota, the facility includes two natural gas units – the existing 375-megawatt (MW) Mankato Energy Center I and the 345-MW Mankato Energy Center II expansion, which is under development.
"The Mankato Energy Center is an excellent fit for Southern Power's business model and will be a strong addition to our generation portfolio," said Southern Power President and CEO Buzz Miller. "We look forward to serving this region and expanding our partnerships in the Midwest."
With the addition of the Mankato Energy Center, Southern Power owns 10 combined-cycle and combustion-turbine, natural gas-fired power plants across five states, representing 9,300 MW of generating capacity operating or under construction.
Mankato Energy Center I is a natural gas-fired, combined-cycle facility contracted with Xcel Energy-Minnesota through 2026. The Mankato Energy Center II expansion is expected to be operational by June 2019 to serve an additional 20-year power purchase agreement with Xcel Energy-Minnesota. When complete, the Mankato Energy Center will represent 720 MW of generating capacity.
The Mankato Energy Center fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts. The facility represents Southern Power's first generating asset within the Midcontinent ISO (MISO).
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 41 facilities operating or under construction in 11 states with more than 11,700 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Mankato Energy Center II expansion. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
10/27/2016Bloom Energy, Southern Company and its subsidiary PowerSecure announce acquisition of an estimated 50 megawatts of distributed fuel cells
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and SUNNYVALE, Calif., Oct. 25, 2016 /PRNewswire/ -- Bloom Energy, Southern Company and its subsidiary PowerSecure have announced a strategic alliance, which will include project investment and joint-technology development to provide behind-the-meter energy solutions. PowerSecure will acquire an estimated 50 megawatts of Bloom Energy Servers under long-term power purchase agreements with high-quality commercial and industrial customers.
By bringing together the scale and utility sector leadership of Southern Company, its industry-leading suite of PowerSecure distributed infrastructure assets, and the Silicon Valley-style innovation and distributed generation leadership of Bloom Energy, the alliance will provide an integrated, comprehensive energy solution.
The solution is designed to fully integrate Bloom's firm 24x7x365 Energy Server platform with PowerSecure's smart storage solutions. The result will deliver a reliable on-site generation solution tuned to the customer's precise power requirements that will also flexibly adapt to changing conditions, bringing customers intelligent optimization of their energy usage while driving meaningful cost savings and long-term cost certainty.
"As the technology revolution in energy evolves, we must continue developing innovative solutions on the other side of the meter to deliver greater value for customers," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This strategic relationship marrying PowerSecure's smart storage and other distributed energy solutions with Bloom Energy's fuel cell technology allows us to play offense in the rapidly changing energy landscape by expanding our distributed infrastructure business."
"Like the computing and mobile telephony revolutions before, technology innovation is challenging assumptions of what is possible in electric power. Today, offering a customized power solution that is tailored to the needs of an individual business is technologically possible and economically attractive," said KR Sridhar, Founder, Chairman and CEO of Bloom Energy.
This fully-supported integrated platform will be designed to meet customer needs on several critical dimensions:
The alliance begins with customer momentum. The Home Depot is expected to deploy the joint Bloom fuel cell + PowerSecure storage solution at approximately 60 stores, in addition to the 140 stores currently operating Bloom Energy Servers. Another customer will deploy 30 megawatts of distributed power through this alliance supporting hospitals, clinics and administrative centers.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About PowerSecure
Southern Company subsidiary PowerSecure is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of distributed generation, storage and renewables, energy efficiency and utility infrastructure. The company is a pioneer in developing distributed generation power systems with sophisticated smart grid capabilities and microgrid controls, including the ability to forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times; provide utilities with dedicated electric power generation capacity to utilize for demand response purposes; and provide customers with the most dependable standby power in the industry. PowerSecure has over 1,500 distributed generation systems installed across the U.S. For more information, visit www.powersecure.com.
About Bloom Energy
Bloom Energy is a provider of a revolutionary on-site power generation platform called the Bloom Energy Server® based on proprietary fuel cell technology that provides 24x7 firm power that is reliable, clean and cost effective. With over 200 MW deployed, Bloom Energy Servers are proven in the field with many of the world's leading companies and organizations including Apple, Wal-Mart, AT&T, eBay and FedEx, as well as notable non-profit organizations such as Caltech. Also, with its Mission Critical Systems practice, Bloom Energy provides grid-independent power for critical loads in data centers and manufacturing. The company is headquartered in Sunnyvale, California. For more information, visit www.bloomenergy.com.
Morgan Stanley served as Bloom's exclusive financial advisor for this portfolio transaction.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transactions, including the development of energy solutions, future growth and strategic opportunities. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company and Bloom Energy believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the possibility that the anticipated benefits from the transactions and growth opportunities cannot be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in Southern Company's reports filed with the Securities and Exchange Commission. There can be no assurance that the strategic opportunities or transactions will in fact be realized or consummated. Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements with respect to Southern Company may be found under Item 1.A. in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2016. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transactions or other matters attributable to Southern Company, Bloom Energy or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor Bloom Energy undertake any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
10/25/201610/24/2016 - Southern Company, TVA sign mutual aid agreements to help restore power after significant events
Southern Company, TVA sign mutual aid agreements to help restore power after significant events
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 24, 2016 /PRNewswire/ -- Southern Company and the Tennessee Valley Authority (TVA) today announced mutual assistance agreements between Southern Company's four retail electric operating companies – Alabama Power, Georgia Power, Gulf Power and Mississippi Power – and TVA designed to further strengthen resiliency and reliability of the electric grid in the Southeast. The mutual assistance agreement will provide support through manpower and related equipment in response to severe weather or other significant events.
"Southern Company and TVA have a long history of working together on transmission planning and operations to develop vital, innovative solutions for delivering clean, safe, reliable and affordable energy to the customers we serve," Southern Company Chief Transmission Officer Billy Ball said. "These agreements reinforce the resiliency and reliability of the transmission grid, which is a great benefit for electric-utility customers across the Southeast."
As part of the agreements, TVA and each of Southern Company's four retail electric operating companies have agreed to the terms under which they would aid each other with manpower and related equipment for transmission restoration in crisis response situations.
"These agreements will help ensure we can keep power flowing to local power companies who supply energy to homes and businesses in the Tennessee Valley," TVA Senior Vice President of Transmission and Power Supply Bob Dalrymple said. "Like Southern Company, we are keenly aware of our responsibility to improve the quality of life for the millions who rely on the low-cost, cleaner energy we supply."
This partnership is in addition to any other mutual assistance agreements, which are instrumental in safe and timely power restoration following severe events such as the recent Hurricane Matthew. For example, Southern Company's operating companies have received repeated recognition by the Edison Electric Institute for both emergency recovery work and emergency assistance following major storm events.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About TVA
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.
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SOURCE Southern Company
Article Date
10/24/2016Workers at Vogtle nuclear expansion top 25 million safe work hours
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 19, 2016 /PRNewswire/ -- Georgia Power announced today a major milestone in the construction of Plant Vogtle Units 3 and 4 – more than 25 million safe work hours (without a lost time accident) have been logged by the more than 6,000 construction workers on site since December 2014. The Vogtle expansion is the state's largest job-producing construction project with work taking place around the clock to complete the nation's first new nuclear units in more than 30 years.
"Safety is our first priority and we're dedicated, in every task we do, to ensuring that these units are completed safely, correctly and in a way that will deliver the most value for Georgia electric customers," said Mark Rauckhorst, executive vice president of nuclear development. "We will never compromise in our commitment to safe and high-quality construction and I applaud our entire Vogtle construction team for reaching this milestone."
Georgia Power is documenting the daily progress made at the Vogtle expansion and has posted an updated time lapse video on its YouTube Channel highlighting six years of construction work in less than two minutes. So far this year, thousands of workers from across the country worked together to safely place more than 2,200 tons of rebar, weld more than 4,300 tons of structural steel, pour more than 23,500 cubic yards of concrete and lift numerous multi-million pound modules for the units into place.
Most recently, workers placed six new shield building panels for Unit 3. Nearly 50 steel panels are now in place for the shield building, which encapsulates the Unit 3 containment vessel. The reinforced individual panels can weigh 10 tons or more and be filled with concrete. Once fully assembled, including more than 160 individual panels, the shield building will provide structural support of the containment cooling water supply and protect the containment vessel, which houses the reactor vessel and associated equipment.
Georgia Power delivers reliable energy for customers at the lowest possible cost by leveraging a diverse generation mix, including nuclear, 21st century coal and natural gas, as well as renewables such as solar and wind. To learn more about Georgia Power's diverse generation portfolio and the Vogtle nuclear expansion project visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/19/2016First class of Vogtle 3 & 4 nuclear operators pass NRC licensing exam
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 17, 2016 /PRNewswire/ -- Georgia Power announced today the latest milestone in the transition to operation of Plant Vogtle Units 3 and 4 – members of the first training class of nuclear operators have passed the initial licensing exam by the Nuclear Regulatory Commission (NRC), ensuring that licensed, qualified operators are in place prior to nuclear fuel loading and plant start up. Once operational, the new units will employ approximately 75 highly trained nuclear operators as part of a permanent workforce of more than 800.
The three-week testing process encompassed simulator testing, job performance measures and a written exam. The operators now must complete an additional six months of preoperational testing before receiving their licenses.
"Nearly four years have gone into training and preparing this class with countless hours in the classroom and simulator," said Karen Fili, site vice president for Vogtle Units 3 and 4. "This team will help bring the new units online for the first time and will be well-prepared to help ensure safe and reliable operation for as long as the units are in service."
The new Vogtle units are among the first built in the U.S. in the last three decades and, once online, will serve customers for more than 60 years. The four-unit Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
Georgia Power delivers reliable energy for customers at the lowest possible cost by leveraging a diverse generation mix, including nuclear, 21st century coal and natural gas, as well as renewables such as solar and wind. To learn more about Georgia Power's diverse generation portfolio, and the Vogtle nuclear expansion project, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/17/201610/17/2016 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 17, 2016 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 56 cents per share on the company's common stock, payable December 6, 2016, to shareholders of record as of November 21, 2016. This marks 276 consecutive quarters − dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/17/201610/14/2016 - Georgia Power restores power to more than 99 percent of customers impacted by Hurricane Matthew ahead of schedule
Georgia Power restores power to more than 99 percent of customers impacted by Hurricane Matthew ahead of schedule
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 13, 2016 /PRNewswire/ -- Georgia Power has restored power to more than 338,000 customers impacted by Hurricane Matthew – more than 99 percent of all customers impacted by the storm. 5,000 personnel from Georgia Power, as well as assisting utilities from other states, were mobilized as part of the company's restoration efforts for Hurricane Matthew and have restored power for many customers earlier than expected.
"This was one of the strongest, most destructive hurricanes to hit the Georgia coast in more than a century and we're extremely proud of the tireless efforts of our men and women to get service restored to customers as soon as possible," said Paul Bowers, chairman, president and CEO of Georgia Power. "We want to thank our customers for their patience, as well as crews from Georgia Power, our sister operating companies and other assisting utilities, who have worked around the clock to restore power for hundreds of thousands of Coastal Georgia residents ahead of schedule."
The path of the storm and the prevalence of large trees caused the most damage in and around Savannah. Less than 4,000 customers remain without power including those in some of the coastal areas with the most severe damage such as Burnside, Dutch Island, Isle of Hope, White Bluff, Windsor Forest, and surrounding communities. Thousands of personnel will remain in the field until power to these customers is restored. The company is also posting regular updates with localized estimated restoration times for these areas on the Outage Map at www.GeorgiaPower.com/Storm.
Georgia Power estimates that damage from Hurricane Matthew could include:
Customers in some of the hardest hits areas of the coast may not be able to reconnect to Georgia Power service due to extensive damage. Property owners should contact a qualified electrician to make repairs to private property prior to reconnecting to service.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/14/2016Southern Company subsidiary announces first tests of clean syngas to produce electricity at Kemper County energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 12, 2016 /PRNewswire/ -- Southern Company subsidiary Mississippi Power today announced it had achieved another major milestone with the first electricity generated by clean syngas produced from Mississippi lignite at the company's Kemper County energy facility. This achievement was accomplished using a combination of clean syngas and natural gas.
"After decades of research and years of hard work at the site, we are thrilled that the Kemper County energy facility, the world's most advanced coal plant, has generated electricity using syngas," said Southern Company Chairman, President and CEO Thomas A. Fanning. "The technology at the heart of the first-of-its-kind facility provides a way forward for energy companies in the U.S. and around the world to cleanly generate electricity using an affordable and abundant resource."
The generation of electricity with syngas requires the integrated operation of the plant's gas cleanup system and associated gasifier, which has been operating since the middle of September. The clean syngas is then sent to one of the plant's combustion turbine electric generators, which have been operating on natural gas since 2014. As part of the plant start-up process, electricity generation will continue to involve testing on syngas, natural gas or a combination of both as progress continues toward commercial operation.
"Today's accomplishment is a testament to the hard work of the Kemper team, and I am so proud of the results they continue to deliver," said Mississippi Power Chairman, President and CEO Anthony L. Wilson. "The generation of electricity using syngas is just the latest example of our company's commitment to deliver on our promise that Kemper will provide Mississippi Power customers with safe, reliable energy for decades to come. Achieving this latest milestone means that we are implementing innovative 21st-century technology right here in Mississippi."
The next major milestones are expected to include the production of electricity by the project's second gasifier, operating both combustion turbines using all syngas, followed by complete integration of the project's systems leading to full commercial operation. Mississippi Power currently expects the remainder of the project to be placed in service by Nov. 30, 2016.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOneTM Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected future milestones related to, and projected schedule for completion of, the start-up of the integrated coal gasification combined cycle project in Kemper County, Mississippi (the Kemper IGCC) as well as the expected future performance of the facility. Southern Company and Mississippi Power caution that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Mississippi Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Southern Company and Mississippi Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company; Mississippi Power
Article Date
10/12/2016Georgia Power continues to make progress on ash pond closures
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 12, 2016 /PRNewswire/ -- Georgia Power today announced the latest progress on its plan to safely close all of its 29 ash ponds across the state.
As previously announced, all of the company's ash ponds will cease operations and stop receiving ash within the next three years. Additionally, the company is completely removing the ash from 17 ponds located adjacent to lakes or rivers. The ash from these ponds will be relocated to a permitted landfill, consolidated with other closing ash ponds on site or recycled for beneficial use. Approximately 50 percent of the coal ash Georgia Power produces today is recycled for various uses such as Portland cement, concrete, and cinder blocks. As part of its comprehensive strategy to implement effective closure plans designed for each individual site, the company is in the process of closing the remaining 12 ash ponds using advanced engineering methods, such as the installation of impermeable concrete barriers designed to restrict or isolate the closed pond from groundwater.
Over the past few months, the company has made significant progress on closure activities for 23 of its 29 ash ponds. Progress includes:
Click here to view a chart detailing the closure method for all 29 ash ponds.
Ash pond closures are site-specific and balance multiple factors such as pond size, location, geology, and amount of material; and each closure will be certified by a team of independent, professional engineers. Additionally, the company must also ensure reliable electricity for customers during the significant construction work that must take place within each generating plant in order to accommodate the handling of dry ash and complete the ash pond closure process.
Throughout the closure process, Georgia Power is monitoring groundwater around all of its ash ponds and reporting the results to the Georgia Environmental Protection Division as well as posting to the company's web site. Additionally, more than 500 groundwater monitoring wells will continue to operate even after the ponds are closed.
Georgia Power delivers clean, safe, reliable and affordable energy through a diverse generation mix, which includes renewable energy, such as wind and solar, along with natural gas, nuclear and coal-fired generation. Over the last five years, Georgia Power has safely retired or fuel-switched approximately 4,000 MW of coal and oil-fired generation and the company's coal-fired generation capacity is nearly half of what it was in 2005.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost overruns during the development and construction of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
10/12/201610/12/2016 - Georgia Power restores power to more than 90 percent of customers impacted by Hurricane Matthew ahead of schedule
Georgia Power restores power to more than 90 percent of customers impacted by Hurricane Matthew ahead of schedule
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 12, 2016 /PRNewswire/ -- Georgia Power has restored power to more than 308,000 customers impacted by Hurricane Matthew – more than 90 percent of all affected customers. The company originally estimated that it would not reach this milestone until midnight Wednesday. Less than 34,000 customers remain without power including those in some of the coastal areas with the most severe damage such as Burnside, Dutch Island, Isle of Hope, White Bluff, Windsor Forest, and surrounding communities.
The path of the storm and the prevalence of large trees caused the most damage in and around Savannah. As restoration enters the final days, approximately 5,000 personnel remain engaged in the restoration effort and are concentrating all efforts and resources in Savannah and other remaining affected areas. Georgia Power estimates there are more than 1,500 individual cases of severe damage remaining from Hurricane Matthew, including broken poles, many of which are located in remote or challenging locations. At this stage of restoration, work can be tedious as each case of damage may only impact service to a small number of customers.
Georgia Power estimates that damage from Hurricane Matthew could include:
The company estimates that thousands of customers in some of the hardest hits areas of the coast may not be able to reconnect to Georgia Power service due to extensive damage. Property owners should contact a qualified electrician to make repairs to private property prior to reconnecting to service.
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Florida, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/12/201610/11/2016 - Georgia Power names Meredith Lackey general counsel
Georgia Power names Meredith Lackey general counsel
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 11, 2016 /PRNewswire/ -- The Georgia Power board of directors today elected Meredith Lackey general counsel, senior vice president and corporate secretary of Georgia Power. She will also serve as the company's chief compliance officer. In her new role, Lackey will be responsible for overseeing Georgia Power's corporate compliance, risk management, security, and legal services functions. She will provide legal counsel to Georgia Power's leadership team and serve on the company's management council.
"Meredith will be a tremendous asset to our leadership team, bringing a wealth of regulatory and compliance experience and a proven track record of helping companies successfully manage complex legal issues," said Paul Bowers, chairman, president and CEO of Georgia Power. "As we build the future of energy and focus on providing world-class value to our 2.5 million customers, her expertise will help us navigate the changing landscape facing the industry and our company."
Lackey comes to Georgia Power from Colonial Pipeline Co., where she has served as vice president and general counsel since 2012. She was responsible for ensuring the protection and enhancement of Colonial's legal rights through the leadership of the company's legal, compliance, internal audit, government affairs, and information technology teams. She also served as Colonial's chief compliance officer and corporate secretary.
Lackey joined Colonial in 2008 as a senior attorney where she managed a broad variety of legal matters, including employment, regulatory and litigation. In 2010, she was named director of compliance, overseeing Colonial's central compliance program.
Prior to joining Colonial, Lackey worked for a large international mining company based in the Atlanta area where she served as director of human resources for one of the company's major U.S. divisions. She began her career as a general commercial litigator at two leading law firms – Jones Day and Baker Botts. She holds a bachelor's degree in business administration from Louisiana State University and a law degree from the University of Mississippi.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/11/2016Georgia Power to restore power for nearly 100 percent of customers in Brunswick, Jesup, St. Simons and Jekyll Islands today
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 11, 2016 /PRNewswire/ -- Georgia Power is on track to have service restored to more than 90 percent of customers impacted by Hurricane Matthew, who can accept power, by midnight Wednesday. The hurricane, which pounded the Georgia coast with winds of more than 100 miles per hour and extensive flooding over the weekend, was one of the strongest storms to hit the region in a century and interrupted service to more than 340,000 customers.
The company has issued the following update on Hurricane Matthew restoration efforts as of noon Tuesday.
"With the evacuation order lifted, we continue working closely with the state and local law enforcement to expedite our travel in the area. We encourage people to limit driving on local roads as much as possible to allow our crews to move from site to site as quickly and safely as possible," said Aaron Strickland, Georgia Power Emergency Operations Director. "Our crews continue to report very hazardous conditions, including fallen trees and sustained flooding, and we ask residents to keep safety in mind as they begin returning to the area."
Georgia Power estimates that damage from Hurricane Matthew could include:
The company estimates that thousands of customers in some of the hardest hits areas of the coast may not be able to reconnect to Georgia Power service due to extensive damage. Property owners should contact a qualified electrician to make repairs to private property prior to reconnecting to service.
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Florida, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/11/201610/10/2016 - Georgia Power to restore power to more than 90 percent of customers affected by Hurricane Matthew by Wednesday night
Georgia Power to restore power to more than 90 percent of customers affected by Hurricane Matthew by Wednesday night
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 10, 2016 /PRNewswire/ -- Georgia Power announced today that it expects to have service restored to more than 90 percent of customers impacted by Hurricane Matthew, who can accept power, by midnight Wednesday. The hurricane, which pounded the Georgia coast with winds of more than 100 miles per hour and extensive flooding over the weekend, was the strongest storm to hit the region in a century and interrupted service to more than 340,000 customers.
The company has issued the following update on Hurricane Matthew restoration efforts as of 12 p.m. Monday:
"With the evacuation order lifted, we are working closely with the state and local law enforcement to expedite our travel in the area. We encourage people to limit driving on local roads as much as possible to allow our crews to move from site to site as quickly and safely as possible," said Aaron Strickland, Georgia Power Emergency Operations Director. "Our crews continue to report very hazardous conditions, including fallen trees and sustained flooding, and we ask residents to keep safety in mind as they begin returning to the area."
Current Georgia Power damage estimates from Hurricane Matthew include:
The company estimates that thousands of customers in some of the hardest hits areas of the coast may not be able to reconnect to Georgia Power service due to extensive damage. Property owners should contact a qualified electrician to make repairs to private property prior to reconnecting to service.
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/10/2016Power crews face Hurricane Matthew devastation on first full day of restoration
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 9, 2016 /PRNewswire/ -- Georgia Power crews continue the first full day of restoration following Hurricane Matthew and are experiencing the widespread devastation across Coastal Georgia firsthand. As soon as allowed by emergency agencies, damage assessment teams were the first to re-enter evacuated areas and are relaying field information so that restoration teams can be dispatched as safely and efficiently as possible. As of Sunday afternoon, damage assessment was well underway across the coast with teams reporting severe damage from the strongest hurricane to strike the Georgia coast in decades, including hundreds of downed trees and sustained flooding.
There are approximately 5,000 personnel from Georgia Power and assisting utilities working to restore power following Hurricane Matthew. The Georgia Power storm center and social media command center located at the company's headquarters in Atlanta are also staffed 24 hours a day to support field personnel and keep affected customers informed.
"We have teams working around the clock for customers across the coast," said Georgia Power Emergency Operations Director Aaron Strickland. "We were prepared for a storm of this size and are working as quickly and safely as we can to navigate hazardous conditions and make effective repairs to restore power to as many customers as possible."
Damage assessment is the first step in the restoration process and is followed by repair activities such as replacing poles, transformers and spans of power lines. Georgia Power estimates that all damage assessment for Hurricane Matthew will be complete by Monday. Based on current estimates, restoration for all customers could take days, especially in remote areas and on the coast.
The company has issued the following update on Hurricane Matthew restoration efforts as of 7:00 p.m. Sunday:
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/10/2016Hurricane Matthew restoration efforts to continue Sunday
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 9, 2016 /PRNewswire/ -- Nearly 5,000 personnel from Georgia Power and assisting utilities made substantial progress Saturday following Hurricane Matthew, restoring power to more than 110,000 customers impacted during the storm. Teams worked safely throughout the night as conditions allowed and will continue Sunday to work deeper into hard-hit areas of the Georgia coast. Restoration crews continue to repair extensive damage to electrical infrastructure, impeded by flooding and roads blocked by downed trees and debris. Restoration for all customers could take days, especially in remote areas and on the coast.
The company has issued the following update on restoration efforts:
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/9/2016Update: Georgia Power restores power to 100,000+ customers following Hurricane Matthew
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 8, 2016 /PRNewswire/ -- Georgia Power crews have re-entered Coastal Georgia and restoration efforts are well underway with a workforce of nearly 5,000 personnel from Georgia Power and assisting utilities mobilized to restore power following Hurricane Matthew. Crews are navigating extensive damage, including flooding and roads blocked by downed trees and debris, and working as quickly and safely as possible to restore power for affected customers.
The company has issued the following update on restoration efforts:
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris, downed trees or standing water as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
Residents should also work to relocate elderly, ill or disabled family members who did not evacuate. Restoration for all customers could take days, especially in remote areas and on the coast.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/9/2016Georgia Power re-enters Coastal Georgia, restoration efforts beginning
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 8, 2016 /PRNewswire/ -- Georgia Power crews have re-entered Coastal Georgia and restoration efforts are beginning with a workforce of nearly 5,000 personnel from Georgia Power and assisting utilities mobilized to restore power following Hurricane Matthew. Crews are navigating extensive damage, including flooding and roads blocked by downed trees. Damage assessment teams were the first to re-enter evacuated areas as soon as allowed by emergency agencies and are relaying critical field information so that restoration teams can be dispatched as safely and efficiently as possible. Work in Coastal Georgia remains hazardous with high winds expected to continue into the afternoon.
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
As of 2 p.m. Saturday, Georgia Power reported more than 2,100 individual cases of damage, including broken poles and downed lines, resulting nearly 260,000 customers without power. Damage and power outages are concentrated in Coastal Georgia, including Chatham, Glynn, Effingham, Bulloch and Liberty Counties.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or cable wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage. If using a generator, follow all manufacturers' connection and safety instructions and shut the generator down before reconnecting to Georgia Power service.
Residents should also work to relocate elderly, ill or disabled family members who did not evacuate. Restoration for all customers could take days, especially in rural areas and on the coast.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/8/2016Georgia Power begins Hurricane Matthew restoration efforts
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 8, 2016 /PRNewswire/ -- Nearly 5,000 personnel from Georgia Power and assisting utilities are poised to respond to damage and power outages from Hurricane Matthew beginning today. Damage assessment teams will be the first to re-enter evacuated and affected areas and will relay critical field information so that restoration teams can be dispatched as safely and efficiently as possible. As weather conditions improve and hurricane-force winds subside, crews will work as quickly and safely as possible to repair damage and restore power to the 281,375 affected customers as of 7:30 a.m.
As part of Southern Company, as well as a national mutual assistance network, Georgia Power is able to receive assistance from other utilities not impacted by the storm to aid in restoration efforts. Utilities from other states, including Alabama, Mississippi, Louisiana and Texas, are currently in Georgia working alongside Georgia Power crews to restore service for customers.
As of 7:30 a.m., Georgia Power reported 2,576 individual cases of damage, including broken poles and downed lines, resulting in 281,375 customers without power. Damage and power outages are concentrated in Coastal Georgia, including Chatham, Camden Glynn, McIntosh, Liberty, Bryan, Effingham, and Wayne Counties.
Georgia Power reminds customers that dangerous conditions exist following a storm. Never touch any downed or low-hanging wire, including telephone or TV wires that touch a power line. Never pull tree limbs off power lines yourself or enter areas with debris or downed trees as downed power lines may be buried in wreckage.
The company also offers the following tools you can use to stay informed during restoration efforts:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/8/2016Georgia Power mobilizing nearly 5,000 personnel to respond to Hurricane Matthew
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 7, 2016 /PRNewswire/ -- As Hurricane Matthew bears down on the Georgia coast, Georgia Power is ready and plans to respond to power outages as quickly and safely as possible with nearly 5,000 personnel from the company and assisting utilities. Crews are strategically positioned inland, including Macon, Statesboro, Adel and elsewhere, and ready to reenter coastal Georgia as Hurricane Matthew subsides. Damage assessment teams will be the first to enter affected areas and will relay critical field information so that restoration teams can be dispatched as safely and efficiently as possible.
Georgia Power wants customers to remain informed throughout the storm and reminds residents to keep safety first by following simple safety tips:
Tools You Can Use
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/7/2016Southern Company third-quarter earnings to be released October 31
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 6, 2016 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2016 by 7:30 a.m. EDT on Monday, October 31, 2016.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and the Southern Company outlook during a meeting for financial analysts in New York City at 8:45 a.m. EDT on Monday, October 31, 2016.
Investors, media, and the public may listen to a live webcast of the meeting at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
10/6/2016Tri-County EMC Commissions Solar Facility for "ourSolar" Program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
EATONTON, Ga., Oct. 6, 2016 /PRNewswire/ -- Tri-County EMC, a member owned electric co-op, is proud to announce commercial operation of a one megawatt (MW) community solar electricity generation farm in Eatonton, Georgia. The project was developed jointly between Tri-County EMC, Georgia Power and United Renewable Energy LLC.
Tri-County EMC provides the low cost solar energy to its participating member-owners as a credit on their bill. Tri-County EMC was formed in 1939 by farmers and homeowners in Baldwin, Jones and Putnam counties and currently serves five additional counties, totaling more than 21,000 accounts. As a co-operative utility, it is owned by its members receiving electric service.
"Many of our members have asked for a solar option," said Greg Mullis, Tri-County EMC Senior Vice President. "This project makes economic and environmental sense. The low-cost, low-risk development of this project has allowed us to have a solar facility right here in our community that will supply our new 'ourSolar' program."
This innovative program allows any member to participate, has no up-front cost associated with it and no long term contract. Programs like this are an alternative for any electricity user who does not have a house or business suitable for installing solar panels and for those who want to participate in clean renewable energy programs, without having to purchase or install panels themselves.
"With 'ourSolar', Tri-County EMC members have the opportunity to get solar generation for their home or business without any of the risks of installing solar panels on their roof or property. The energy for 'ourSolar' comes from our new one MW solar array in Putnam County," explained Mullis. "For $25 per month for each 1.22kW block, members receive all of the energy generated by the block credited against the normal usage on that month's electric bill. Each block should generate approximately 160 to 250 kWh per month, depending on the weather and the time of year. Best of all, there is nothing to install or finance and no contract. You can end your participation at any time."
The project was developed and will be owned and maintained by Georgia Power, which has a long-standing wholesale relationship with Tri-County EMC. United Renewable Energy LLC, a highly experienced solar developer, general and electrical contractor with headquarters in Georgia, assisted with the development of the project and provided Engineering, Procurement and Construction (EPC) services on behalf of Georgia Power for the Tri-County solar facility "We are proud to work with Tri-County EMC to bring solar energy to hundreds of their members in the most economical way, and be competitive with almost any other type of electricity generation," said William Silva, CEO of United Renewable Energy LLC. "Georgia Power continues to innovate and bring extremely low cost solar energy to wholesale customers in the State of Georgia."
Southern Company, through its multiple subsidiaries including Georgia Power, is a national leader in the development of renewable resources, with more than 4,000MW of renewable energy developed since 2012. "We are honored to serve Tri-County EMC, and this project allows Georgia Power to leverage its nearly one gigawatt of experience in solar energy, to provide Tri-County with an easy, low cost and low risk way of bringing solar resources to its members," said Chris Bell, Vice President of Southern Wholesale Energy, the wholesale marketing subsidiary for Georgia Power. "We appreciate the close collaboration with Tri-County EMC, the broad support of the Eatonton community and our solar developer United Renewable Energy LLC. Creative and enduring partnerships like this allow each of us to provide clean, safe, reliable, affordable solar power for all of our customers, members and communities for decades to come.
The 10 acre site has over 4,200 solar panels and will generate over 2.1 million kilowatt hours per year. The facility is located adjacent to Tri-County EMC's Eatonton District Office in Putnam County, Georgia.
About Tri-County EMC
Tri-County Electric Membership Corporation is a member-owned electric cooperative serving more than 21,025 accounts in Baldwin, Bibb, Jasper, Jones, Morgan, Putnam, Twiggs and Wilkinson County. The cooperative, chartered in 1939, is headquartered in Gray, Georgia and has a district office in Eatonton. Tri-County EMC is governed by a nine-member board of directors elected by and from the cooperative's customers/members.
About Georgia Power / SWE
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, reliability, customer service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com.
About United Renewable Energy LLC
United Renewable Energy LLC, (www.u-renew.com) is a highly experienced development and construction firm specializing in industrial and utility solar photovoltaics and energy storage systems. URE is a licensed multi-state general and electrical contractor operating throughout the Southeastern US and New York State. URE's focus on key utility and IPP partners allows us to deliver solar projects with utility level quality, performance, and safety at the lowest possible cost in the Eastern United States.
For questions, please contact:
Tri-County EMC – Greg Mullis at 478.986.8116
Georgia Power - John Kraft at 404-506-7525
United Renewable Energy LLC- Jakky Shanahan at 678-881-0014 x708.
SOURCE United Renewable Energy, LLC
Article Date
10/6/201610/5/2016 - Georgia Power prepares for Hurricane Matthew
Georgia Power prepares for Hurricane Matthew
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Oct. 5, 2016 /PRNewswire/ -- With Hurricane Matthew expected to bring heavy rains and high winds to Georgia over the next 48 hours, Georgia Power is monitoring the changing weather around the clock, mobilizing crews and preparing to respond to any service interruptions, which may occur.
Georgia Power reminds customers to keep safety first during severe weather and offers the following storm tips:
Tools You Can Use
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
10/5/2016Plant Farley Unit 1 planned activities underway for the production of clean, safe, reliable and affordable nuclear energy
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Oct. 3, 2016 /PRNewswire/ -- On Saturday, Oct. 1, Unit 1 of the Joseph M. Farley Nuclear Plant began a planned refueling and maintenance outage. In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components to enhance efficiency and reliability.
"The key to a safe and successful outage is our outstanding employees and supporting partners," said Site Vice President Cheryl Gayheart. "I am proud of the preparations we have made, and our entire team is ready to accomplish this refueling outage safely using our expertise and teamwork."
Plant Farley's operators were making final preparations to begin the outage when the unit automatically shut down due to a malfunction of a main steam isolation valve. The safety system operated as designed, the plant was stable and the team established shut down conditions in support of the outage.
Each unit at Plant Farley requires new fuel every 18 months. The most recent refueling outage for Unit 1 was completed in the spring of 2015.
Employees from across the Southern Nuclear fleet are assisting Farley's staff of nearly 900 in the refueling effort. More than 800 additional alliance partners and vendors are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Farley Unit 2 continues to generate electricity while Unit 1 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, and its importance will continue to grow as America transitions to a low-carbon energy future. While the company produces clean, safe and reliable nuclear energy, it's also an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga.; and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle that are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear has received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and a special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award for plant improvements that resulted in a record-setting refueling outage duration. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southerncompany.com/southernnuclear
About Southern Company:
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com
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SOURCE Southern Nuclear
Article Date
10/3/2016Georgia Power offers fall planting guide to ensure reliability
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 26, 2016 /PRNewswire/ -- Georgia Power works every day to keep reliability high across the state and, during fall planting season, reminds customers that making the right landscaping choices can decrease the likelihood of a power outage. During summer thunderstorms and winter ice storms, and even sunny days, tree limbs that come in contact with power lines can interrupt service. Ensuring that power lines are clear of trees and brush also provides easier access to the company's power lines, which means quicker restoration of power during storms.
Georgia Power provides a variety of free resources for customers, including an illustrated planting guide perfect for fall, online at www.georgiapower.com/trees. Resources include:
In addition to helping customers select the right trees to plant, Georgia Power maintains 160,000 line acres and 24,000 miles of transmission and distribution lines under guidelines set by the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC). These maintenance activities are an essential piece of the company's commitment to ensuring reliable service for 2.5 million customers in every corner of the state.
Other free tools and resources from Georgia Power include the Outage & Storm Center at www.georgiapower.com/storm, where customer can sign up for Outage Alerts and report and check the status of outage. The Outage & Storm Center also features an interactive Outage Map which provides near real-time information on where outages are occurring across the state, as well as estimated restoration times.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
9/26/20169/26/2016 - Southern Company subsidiary's Tranquillity Solar Facility in California begins operation
Southern Company subsidiary's Tranquillity Solar Facility in California begins operation
Source: PR Newswire
ATLANTA, Sept. 26, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power and Recurrent Energy today announced the commercial operation of the 200-megawatt (MW) Tranquillity Solar Facility in California.
"The Tranquillity Solar Facility will help meet the energy needs of customers now and in the future," said Southern Power President and CEO Buzz Miller. "Through strategic acquisitions we continue our solar generation growth, creating one of America's largest renewable portfolios."
Southern Power has announced, acquired or is constructing more than 2,400 MW of renewable ownership with 31 solar, wind and biomass projects, including 11 solar projects in California. In all, the Southern Company system has added or announced more than 4,000 MW of renewable energy projects since 2012.
Southern Power is the majority owner of the Tranquillity Solar Facility. Recurrent Energy, a subsidiary of Canadian Solar Inc., owns the remaining interest. Construction of the facility began in July 2015 on 1,900 acres of land in Fresno County, California. The solar power plant is capable of generating enough energy to help power the needs of approximately 50,000 homes.
"The Tranquillity solar facility is the product of long-term collaboration with financial partners, local communities and other stakeholders," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "This milestone is a testament to our commitment to the communities and ecosystems where we operate, which is a critical ingredient of our project development success."
The Tranquillity Solar Facility fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts. The electricity and associated renewable energy credits generated by the facility are being sold under a 15-year power purchase agreement with Southern California Edison.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 41 facilities operating or under construction in 11 states with more than 11,700 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Recurrent Energy
Recurrent Energy, a subsidiary of Canadian Solar Inc., is redefining what it means to be a mainstream clean energy company, with utility-scale solar plants that provide competitive clean electricity. The company has more than 4 GW of solar projects in development in North America. Additional details are available at: www.recurrentenergy.com
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 14 years, Canadian Solar has successfully delivered over 16 GW of premium quality modules to over 90 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, visit the Company's website or follow Canadian Solar on LinkedIn.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning Southern Power's strategic plans and the benefits of the Tranquillity Solar Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
9/26/2016Atlantic Coast Pipeline Signs Construction Contract With Spring Ridge Constructors
Source: PR Newswire
RICHMOND, Va., Sept. 21, 2016 /PRNewswire/ -- Atlantic Coast Pipeline, LLC, which has proposed a 600-mile natural gas transmission pipeline to bring much-needed energy to Virginia and North Carolina, today announced it has signed a construction contract with Spring Ridge Constructors, LLC (SRC), a joint venture of leading natural gas pipeline construction companies. Comprised of Price Gregory International, Inc., a Quanta Services, Inc. (NYSE: PWR) company; U.S. Pipeline, Inc.; SMPC, LLC; and Rockford Corporation, a Primoris Services Corporation (NASDAQ: PRIM) company, the joint venture will serve as the Atlantic Coast Pipeline's lead construction contractor.
Pending approval by the Federal Energy Regulatory Commission (FERC), the Atlantic Coast Pipeline (ACP) would run from Harrison County, W.Va., southeast through Virginia with a lateral extension to Chesapeake, Va., and then south through eastern North Carolina to Robeson County. If approved, construction is scheduled to begin in the fall of 2017. According to economic impact studies conducted in 2015, the project's construction is expected to generate more than 17,000 jobs, $2.7 billion in total economic activity and $4.2 million in average annual tax revenue for cities and counties in the project area.
SRC was selected as the most-qualified contractor for the project after an extensive, competitive bidding process conducted by Atlantic Coast Pipeline, LLC. The four SRC companies account for a significant portion of the large-diameter natural gas pipeline construction spread capacity in the U.S.
"We are excited to work with SRC, which has assembled four of the nation's leading and most-qualified pipeline builders for this project," said Diane Leopold, president of Dominion Energy. "These companies have extensive experience in building large-scale, complex projects like the Atlantic Coast Pipeline, and their commitment to safe construction practices and best-in-class standards align with our expectations for the project."
"The selection of our lead construction contractor is another significant milestone for the Atlantic Coast Pipeline and represents one more step toward making this project a reality and securing the energy future of our region," Leopold added.
"SRC is pleased to have been selected by ACP as the constructor of this vital project which serves to strengthen the nation's energy infrastructure," said Dan Plume, SRC project director. "The members of SRC are aligned in purpose with the common goals of safe construction practices, a commitment to environmental stewardship and quality construction. The SRC team leads the industry with a combined 200 years of expertise and leadership in the construction of large diameter pipelines that encompass all regions and terrains across North America. We are also excited about the positive economic impact this project will have in communities across these three states, where SRC and its subcontractors expect to hire thousands of local workers and enlist the services of many local businesses."
In another significant milestone for the project, in early August FERC issued a Notice of Schedule, which established the timeline for the remainder of the project's federal environmental review process. Based on FERC's schedule, ACP expects to receive a FERC certificate in the late summer or fall of 2017, with construction beginning shortly thereafter. ACP anticipates completing construction and bringing the pipeline into service in late 2019. ACP is working with its contractors to evaluate the possibility of bringing on more crews and working on more simultaneous spreads in order to complete construction sooner. This analysis is expected to be finalized over the next few months.
Atlantic Coast Pipeline, LLC is composed of four major U.S. energy companies – Dominion, Duke Energy, Piedmont Natural Gas and Southern Company Gas. The joint venture partners plan to build and own the $4.5 billion-to-$5 billion pipeline, which would help meet the growing clean energy needs of Virginia and North Carolina by providing direct access to low-cost, abundant supplies of natural gas being produced in the nearby Marcellus and Utica shale basins of West Virginia, Pennsylvania and Ohio.
About Dominion
Dominion (NYSE: D) is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of generation, 14,400 miles of natural gas transmission, gathering and storage pipeline, and 6,500 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion, visit the company's website at www.dom.com.
About Spring Ridge Constructors, LLC
SRC, LLC is a joint venture involved in the mainline pipeline construction industry.
About Duke Energy
Duke Energy (NYSE: DUK) is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 7.4 million electric customers located in six states in the Southeast and Midwest, representing a population of approximately 24 million people. Its Commercial Portfolio and International business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C., Duke Energy is an S&P 100 Stock Index company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at www.duke-energy.com.
About Piedmont Natural Gas
Piedmont Natural Gas (NYSE: PNY) is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas transportation and storage, and regulated intrastate natural gas transportation businesses. More information about Piedmont Natural Gas is available on the Internet at www.piedmontng.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.5 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at www.southerncompanygas.com.
This news release includes certain "forward-looking information." Examples include information as to our expectations, beliefs, plans, goals, objectives and future financial or other performance or assumptions concerning matters discussed in this release. Factors that could cause actual results to differ from those in the forward-looking statements may accompany the statements themselves. In addition, our business is influenced by many factors that are difficult to predict, involve uncertainties that may materially affect actual results and are often beyond our ability to control or estimate precisely, such as estimates of future market conditions, access to and costs of capital, the receipt of regulatory approvals for, and timing of, planned projects and compliance with conditions associated with such regulatory approvals, and the ability to complete planned construction or expansion projects within the terms and timeframes initially anticipated. We have identified and will in the future identify a number of these factors in our SEC Reports on Forms 10-K and 10-Q. We refer you to those discussions for further information. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made.
SOURCE Dominion
Article Date
9/21/2016Georgia Power's 30-MW solar facility at SUBASE Kings Bay now online
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 19, 2016 /PRNewswire/ -- Leaders from Georgia Power and the Department of the Navy (DON) joined elected officials, community leaders and other dignitaries at Naval Submarine Base (SUBASE) Kings Bay near St. Marys, Ga. today to mark the start of operations of a new 30 megawatt (MW) on-base solar facility. The 30 MW alternating current, or 42 MW direct current, solar generation facility is the first completed by Georgia Power in collaboration with the DON and joins a similar 30 MW on-base solar facility recently completed with the U.S. Army at Fort Benning.
Georgia Power is currently developing more than 150 MW of solar generation to serve the state's electric customers through strategic projects with the DON and the U.S. Army. In addition to the facilities now online at SUBASE Kings Bay and Fort Benning, new Georgia Power solar facilities are under construction at Fort Gordon, Fort Stewart and the Marine Corps Logistics Base (MCLB) Albany.
"Within a year, this site on the Georgia coast has been transformed into a state-of-the-art solar facility that will provide energy for our state for years to come," said Norrie McKenzie, vice president of renewable development for Georgia Power. "As we look forward to bringing additional on-base solar facilities on line, we appreciate the Navy's continued partnership and recognition of the importance of this new energy source for our customers, the bases and local communities."
"Innovative energy technologies and collaborative relationships are important for the Department of the Navy," said Commander, Navy Region Southeast, Rear Admiral Mary M. Jackson. "Ensuring our installations have secure, reliable, resilient and affordable energy is critical for continuous operations. Working with an innovator like Georgia Power enables the Department of the Navy to achieve its missions and energy efficiency goals."
The SUBASE Kings Bay solar facility was built and is owned and operated by Georgia Power with energy delivered to state's electric grid at or below the company's avoided cost (the amount projected it would cost the company to generate comparable energy from other sources). The solar project at SUBASE Kings Bay occupies 254 acres, utilizes approximately 133,000 ground-mounted photovoltaic (PV) panels and is estimated to represent a $75 million investment at the installation.
In coordination with the Georgia Public Service Commission (PSC), Georgia Power continues to develop renewable energy as part of a diverse generation portfolio through programs designed to prevent upward pressure on customer rates. Through the company's various solar initiatives, millions of solar panels are being added to Georgia's energy landscape. Most recently, Georgia Power received approval from the Georgia PSC to add up to 1,600 MW of new renewable generation by 2021, as well as new demonstration projects to study wind and solar generation opportunities as part of its 2016 Integrated Resource Plan (IRP).
A leader in renewable development, Georgia Power was recently named to the Smart Electric Power Alliance's (SEPA) annual Top 10 Utility Solar list in recognition of solar connections to the state's electric grid in 2015 and was previously named the 2014 Investor-Owned Utility of the Year by the organization. To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.GeorgiaPower.com/Solar.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of renewable energy projects. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
9/19/20169/16/2016 - Southern Company subsidiary announces another syngas production milestone at Kemper County energy facility
Southern Company subsidiary announces another syngas production milestone at Kemper County energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 16, 2016 /PRNewswire/ -- Southern Company subsidiary Mississippi Power today announced it has started producing syngas using the second gasifier at the Kemper County energy facility – continuing progress toward the project's commercial operation.
"The technology being deployed at the Kemper County energy facility is tremendously important and highlights the benefits of 21st century coal as part of the full portfolio of energy resources," said Southern Company Chairman, President and CEO Thomas A. Fanning. "As the world watches the progress at Kemper, today's milestone serves as a testament to our employees and moves the facility closer toward full operation."
Syngas is created when the locally-mined lignite is heated at high temperatures in the plant's gasifiers, converting the coal to gas. The syngas, which is used similarly to natural gas, will produce electricity through the plant's combustion turbines.
"This is another exciting step toward commercial operation of Kemper," said Mississippi Power President and CEO Anthony L. Wilson. "Accomplishing this milestone on the second gasifier is key to the project's completion. We have a tremendous team that is working hard to make the entire Kemper project a clean, safe and reliable energy resource for our customers."
The company announced on July 15 that the project had produced its first syngas, demonstrating the viability of the Transport Integrated Gasification (TRIG™) technology which is being used for the first time at commercial scale at the facility. TRIG™ was developed by Southern Company, KBR and the U.S. Department of Energy (DOE) in Wilsonville, Ala. over the past two decades at the Power Systems Development Facility, a research facility operated in partnership between the DOE and Southern Company.
During the coming weeks, the Kemper team will be focused on proceeding toward operation at sustained capacity levels necessary for completion of the activities for the initial operations and testing of the syngas clean-up systems and the production of electricity using syngas. Ahead of using the syngas as fuel, it will be burned off using the plant's flare stacks.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected future milestones related to the completion of construction and start-up of the integrated coal gasification combined cycle project in Kemper County, Mississippi (the Kemper IGCC). Southern Company and Mississippi Power caution that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Mississippi Power's Annual Reports on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Southern Company and Mississippi Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
9/16/20169/3/2016 - Update: Georgia Power restores power to more than 200,000 customers following Tropical Storm Hermine
Update: Georgia Power restores power to more than 200,000 customers following Tropical Storm Hermine
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 3, 2016 /PRNewswire/ -- Across the state, more than 200,000 Georgia Power customers have had their electric service restored since the beginning of Tropical Storm Hermine. Once powerful winds subsided and conditions were safe for working at an elevation of more than 30 feet high, crews immediately began working to restore service as quickly as possible yesterday afternoon. Georgia Power's Coastal Region was hardest hit, with more than 100,000 customers impacted by heavy rain and high winds. The company has restored service to more than 70,000 of those customers and is working as swiftly and safely as possible to restore the remaining 30,000 customers. This is 10 percent of Coastal customers.
Georgia Power monitored Hermine for a week prior to landfall. The company's Storm Center in Atlanta has been open around the clock since Thursday tracking the storm and coordinating the company's response to restore service as quickly as possible. The company mobilized more than 3,200 personnel – including thousands of employees, contractors and crews from across the Southern Company system who moved into the Coastal area overnight – to respond to service interruptions. Hermine's forceful winds made it difficult for crews to work safely on Friday and impeded their progress much of the day.
As of noon Saturday, approximately 33,000 customers are without power – primarily in Savannah and the company's Coastal Region. Georgia Power line crews, field teams and all available resources are doing everything they can to restore power quickly and safely, including having electricians repair damaged electrical wiring on the outside of customers' homes.
Georgia Power will continue to keep issue updates as thousands of individual cases of damage are repaired today.
Storm tools and resources from the company:
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
9/3/2016Southern Company, Kinder Morgan Finalize Southern Natural Gas Pipeline Strategic Venture
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and HOUSTON, Sept. 1, 2016 /PRNewswire/ -- Southern Company (NYSE:SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced the closing of their natural gas pipeline venture through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system through a subsidiary of Southern Company Gas. As previously announced, Kinder Morgan will continue to operate the system and the companies are pursuing specific growth opportunities to develop additional natural gas infrastructure for the strategic venture.
Southern Company, one of the nation's largest natural gas consumers and distributors, and Kinder Morgan, a recognized leader in natural gas pipeline development and operations, will work together to advance both companies' efforts to develop infrastructure important to America's energy future.
"This strategic venture aligns with Southern Company's previously discussed infrastructure development strategy and builds on Southern Company Gas' midstream pipeline experience," said Southern Company Chairman, President and CEO Thomas A. Fanning. "With our new ownership stake in Southern Natural Gas we look forward to working with Kinder Morgan to explore future opportunities to deliver natural gas to customers."
SNG is an approximately 7,000-mile pipeline system connecting natural gas supply basins in Texas, Louisiana, Mississippi and Alabama to markets in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee. SNG is a principal transporter of natural gas to Alabama, Georgia and South Carolina, which are part of one of the fastest-growing natural gas demand regions in the United States.
"The Southern Company system has been a valued customer of SNG for many years and this joint venture is expected to greatly benefit the shareholders of both companies," said Norman G. Holmes, president of Kinder Morgan South Region Pipelines. "We are very pleased to begin pursuing the growth opportunities this strategic relationship should provide."
As previously disclosed, Kinder Morgan plans to use all of the proceeds from this transaction to reduce debt at Kinder Morgan.
Jones Day, Gibson Dunn & Crutcher LLP, Troutman Sanders LLP and Balch & Bingham LLP are serving as legal counsel to Southern Company, and Bracewell LLP and Weil, Gotshal & Manges LLP are serving as legal counsel to Kinder Morgan.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and approximately 180 terminals. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transaction, including future growth opportunities. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company and Kinder Morgan believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and Kinder Morgan's reports filed with the Securities and Exchange Commission.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A. in Southern Company's and Kinder Morgan's Annual Reports on Form 10-K for the fiscal year ended December 31, 2015 and Southern Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company, Kinder Morgan or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor Kinder Morgan undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
9/1/2016Southern Company subsidiary to acquire natural gas-fired power facility in Minnesota
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Sept. 1, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced its agreement to acquire the Mankato Energy Center from Calpine Corporation, subject to customary closing conditions. Located in Mankato, Minnesota, the center will include two natural gas units – the existing 375-megawatt (MW) Mankato Energy Center I and the 345-MW Mankato Energy Center II expansion, which is under development. When complete, the Mankato Energy Center will represent 720 MW of generating capacity.
"Southern Power remains committed to the strategic development of a diverse generation mix, and the Mankato Energy Center is an excellent fit for Southern Power's business model," said Southern Power President and CEO Buzz Miller. "We are proud to serve this region and look forward to expanding the output of the facility to meet the needs of our customers."
Mankato Energy Center I is a natural gas-fired, combined-cycle facility contracted with Northern States Power, a subsidiary of Xcel Energy Inc., through 2026. The Mankato Energy Center II expansion is expected to be operational by June 2019 to serve an additional 20-year power purchase agreement with Northern States Power.
With the addition of the Mankato Energy Center, Southern Power will own 10 combined-cycle and combustion-turbine natural gas-fueled power plants across five states, representing 9,300 MW of generating capacity operating or under development. The project represents Southern Power's first generating asset within the Midcontinent ISO (MISO).
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries own or have the rights to 41 facilities operating or under construction in 11 states with more than 11,700 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Mankato Energy Center. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of the transaction may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
9/1/201615th VCM Report recaps progress at Vogtle expansion through June 2016
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 31, 2016 /PRNewswire/ -- Georgia Power today filed its 15th Vogtle Construction Monitoring (VCM) Report with the Georgia Public Service Commission (PSC). The company files a VCM report every six months to recap the latest progress in the construction of Plant Vogtle Units 3 and 4. Today's report highlights multiple construction milestones in the first half of 2016 and requests approval of $141 million invested by Georgia Power during that time. The Georgia PSC has unanimously approved all costs submitted through the VCM process to date.
The new Vogtle units are among the first built in the U.S. in the last three decades and, once online, will serve customers for more than 60 years. The expansion of Plant Vogtle is also the state's largest job-producing construction project with more than 6,000 workers on site today and 800 permanent jobs once the new units begin operation.
Progress outlined in today's report includes:
The capital and construction cost for Georgia Power's share of the new units remains $5.44 billion with projected in-service dates of June 2019 (Unit 3) and June 2020 (Unit 4). The 15th VCM Report continues to illustrate that completing the new units at Plant Vogtle remains the best cost option for meeting Georgia's future energy needs. The projected overall peak rate impact of the Vogtle nuclear expansion continues to be 6 to 8 percent – nearly half of the original peak rate forecast – due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. Most of the rate impact is already included in rates, with approximately 2.5 percent remaining to be added over the next three years. Once the new units come on line, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
Georgia Power delivers reliable energy for customers at the lowest possible cost by leveraging a diverse generation mix, including nuclear, 21st century coal and natural gas, as well as renewables such as solar and wind. To learn more about Georgia Power's diverse generation portfolio, the Vogtle nuclear expansion project, and read the full 15th VCM Report, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected timing of completion of Plant Vogtle Units 3 and 4, job creation and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/31/2016Southern Company subsidiary acquires Grant Plains wind facility
Source: PR Newswire
ATLANTA, Aug. 29, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of the 147-megawatt (MW) Grant Plains wind facility in Oklahoma from Apex Clean Energy.
"The acquisition of the Grant Plains wind facility is an important step in strategically growing our renewable energy portfolio," said Southern Power President and CEO Buzz Miller. "This project aligns with our business model and underscores our commitment to developing wind generation."
The Grant Plains wind facility will be located in Grant County, Oklahoma, and is expected to utilize 64 wind turbines manufactured by Siemens. Grant Plains will be Southern Power's third wind facility in Oklahoma, building on a portfolio that includes the adjacent 151-MW Grant Wind facility and the 299-MW Kay Wind facility, both also acquired from Apex with turbines produced by Siemens. Grant Plains fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
Apex Clean Energy is managing the construction and will operate and maintain the facility upon completion. IEA Renewable Energy Inc., a wholly owned subsidiary of Infrastructure and Energy Alternatives, LLC, is serving as the engineering, procurement and construction contractor. Construction began in the first quarter this year, and the plant is expected to achieve commercial operation in December 2016.
With the addition of the Grant Plains wind facility, Southern Power owns more than 2,400 MW of renewable generation from 31 solar, wind and biomass facilities either announced, acquired or under construction. Across its system, Southern Company has added or announced more than 4,000 MW of renewable generation since 2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers serving more than 40 million end users. Southern Power and its subsidiaries own or have the rights to 40 facilities operating or under construction in 10 states with more than 11,000 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Grant Plains Wind Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
8/29/20162 million-pound CA20 module safely lifted into Vogtle Unit 4 nuclear island
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 22, 2016 /PRNewswire/ -- Georgia Power announced today the completion of another major milestone in the construction of Plant Vogtle Units 3 and 4 near Waynesboro, Ga. On Saturday, the project team successfully placed the CA20 module into the Unit 4 nuclear island. Weighing nearly two million pounds, or 1,000 tons, and towering more than five stories tall, the module is the heaviest lift at the project so far this year. With a footprint of approximately 67 feet long by 47 feet wide, the critical module will house various plant components, including the used fuel storage area. It was lifted into place using a 560-foot tall heavy lift derrick, one of the largest cranes in the world.
Including submodules produced at the Lake Charles and Vigor facilities, the CA20 module was assembled from prefabricated wall and floor sections within the Modular Assembly Building (MAB) at the Vogtle site. The completed CA20 module was carefully moved from MAB earlier in the week with the successful placement of the module, including all pre-placement activities, occurring in just over three hours on Saturday.
Progress continues across the construction site every day with 28 shield building panels now in place for Unit 3, two additional roof truss modules completed for the Unit 3 turbine building, as well as significant concrete placement on the west side of the Unit 3 nuclear island. The company recently released 4K, ultra-high definition video captured by an unmanned aircraft system (UAS) illustrating progress on the company's YouTube Channel.
The Vogtle nuclear expansion project is the state's largest job-producing construction project with more than 6,000 construction workers onsite and 800 permanent jobs once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
Completing the new units at Plant Vogtle remains the best cost option for meeting Georgia's future energy needs. The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, expected benefits, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
8/22/20168/22/2016 - New smart grid technologies mean fewer, shorter power outages for Georgia Power customers
New smart grid technologies mean fewer, shorter power outages for Georgia Power customers
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 22, 2016 /PRNewswire/ -- Georgia Power announced today that investments in "smart grid" technologies such as automatic Fault Location, Isolation and Service Restoration (FLISR), automatic switching devices and Advanced Metering Infrastructure (AMI), are improving reliability and have helped the company avoid more than 280,000 total hours, or 17 million minutes, of potential power outages for customers so far this year. The enhanced distribution technologies help Georgia Power pinpoint the location of an issue, more efficiently dispatch crews and reduce overall outage durations for customers.
More than 1.2 million customers across the state are currently connected to an automated network with new upgrades and projects underway every day to ensure that the state's transmission and distribution network remains as reliable as possible. Georgia Power's network is one of the most advanced in the country with more than 715 self-healing circuits that can automatically isolate problems and restore power to unaffected areas.
"We understand that when the power is out, every minute counts for our customers," said Leslie Sibert, vice president of distribution for Georgia Power. "The investments we've made in our system are helping us fulfill our commitment to our customers to minimize outages, while keeping our rates as low as possible."
In addition to new smart grid technologies, Georgia Power has invested more than $1 billion over the past five years on equipment and facility improvements including cyber and physical security, modernization of grid protection and control systems, and replacement of aging infrastructure such as power poles, wires and underground cables. A continued focus on investments that improve reliability and service has helped position Georgia Power as an industry leader in customer satisfaction.
Georgia Power offers a variety of free tools and resources to keep customers informed and connected including the online Outage & Storm Center at www.georgiapower.com/storm. The center provides an easy way for customers to check the status of an outage, as well as an interactive Outage Map which provides updates on where outages are occurring across the state and estimated restoration times. Customers can also visit the site to sign up for free Outage Alerts, personalized notifications about outages via phone, text message or email. The company also engages with thousands of customers in real time every day on social media, including Facebook and Twitter, from its new Social Media Center in Atlanta.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
8/22/20168/22/2016 - Southern Company welcomes leading Chinese research facility to global carbon capture coalition
Southern Company welcomes leading Chinese research facility to global carbon capture coalition
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 22, 2016 /PRNewswire/ -- Southern Company has announced an agreement for Huaneng Clean Energy Research Institute to join the Carbon Capture International Test Center Network, a global coalition of facilities working to accelerate the research and development of carbon capture technologies. The National Carbon Capture Center, a U.S. Department of Energy research facility managed and operated by Southern Company, leads and serves as host site for the network.
Located in Beijing, the Clean Energy Research Institute is a subsidiary of China Huaneng Group, the largest power generation company in the world based on total installed capacity. The institute engages in a wide range of clean energy research and development, including carbon capture, utilization and storage, coal gasification, renewable energy and emissions reduction technologies.
"The addition of the Huaneng Clean Energy Research Institute to the network broadens the abilities of Southern Company and its research partners to develop next-generation carbon capture technologies, which are critical for a cleaner energy future," said Southern Company Executive Vice President and Chief Operating Officer Kimberly S. Greene. "We look forward to working with DOE and network members to continue the development of real solutions that will advance 21st century coal technologies on the international stage."
Formed in 2012, the International Test Center Network facilitates knowledge sharing among carbon capture test facilities around the world. The National Carbon Capture Center currently chairs and operates the network with DOE's Office of Fossil Energy, a role previously held by Technology Centre Mongstad of Norway. Located in Wilsonville, Alabama, the center works with scientists and technology developers from government, industry and universities to evaluate, demonstrate and advance emerging carbon capture technologies to reduce greenhouse gas emissions from coal- and natural gas-based power generation.
The members of the International Test Center Network are:
As an industry leader in robust, proprietary research and development, Southern Company has managed approximately $2.1 billion in R&D investments since the late 1960s. The Southern Company system's environmental R&D also includes conducting the nation's largest demonstration of carbon capture on a pulverized-coal power plant at subsidiary Alabama Power's Plant Barry, and the development of Transport Integrated Gasification – or TRIG™ – the 21st century coal technology at the center of Southern Company subsidiary Mississippi Power's Kemper County energy facility. The Kemper project is designed to generate electricity from low-rank coal with resulting carbon emissions better than a similarly sized natural gas plant. TRIG™ and other proprietary technologies were developed at the National Carbon Capture Center.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
8/22/2016X-energy and Southern Nuclear Collaborate on Advanced Reactor Development
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GREENBELT, Md., Aug. 22, 2016 /PRNewswire/ -- X Energy, LLC (X-energy) and a subsidiary of Southern Nuclear Operating Company (Southern Nuclear) have entered into a memorandum of understanding as a step toward commercializing and deploying X-energy's High Temperature Gas-cooled Reactor (HTGR): the Xe-100. The Xe-100 reactor series will produce zero-emission energy around the clock to ensure reliable electricity that can be adapted to a variety of markets. This collaboration aims to make available an additional nuclear solution that supports the global clean energy movement.
"We are thrilled to have Southern Nuclear involved with our project," said X-energy CEO Dr. Kam Ghaffarian. "I founded X-energy in 2009 out of a desire to make a significant and lasting contribution to clean energy generation in the U.S. and around the world. This relationship firmly puts us on that path."
In early 2016, the U.S. Department of Energy (DOE) separately issued X-energy and the Southern Company-TerraPower partnership each with five-year Advanced Reactor Concept Cooperative Agreement awards. The X-energy award focuses on: furtherance of reactor design; fuel development; and initial licensing activities.
"Our relationship with X-energy builds upon the DOE awards we each received and puts the industry on a strong path to providing clean and safe nuclear energy for generations to come," said Stephen Kuczynski, Chairman, President and CEO, Southern Nuclear. "We understand fully the time and manpower it will take to bring the first advanced reactor to market and feel confident that pursuing this goal together will best leverage our combined research and commercial operation experience to do so."
About Southern Nuclear: Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio producing clean, safe and reliable nuclear energy and also serves as an economic engine powered by quality jobs and community service. Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which are among the first nuclear units being constructed in the United States in more than 30 years. Southern Nuclear has received numerous accolades in 2016 for leadership in the advancement of nuclear energy including the Special Achievement Award by the United States Nuclear Infrastructure Council and the Presidential Citation by the American Nuclear Society. Southern Nuclear also received two of the Nuclear Energy Institute's Top Innovative Practice awards and a special recognition for achieving excellence in research and performance. Southern Nuclear's Plant Hatch received the ANS Operations & Power Division's Utility Achievement Award. The company's headquarters is in Birmingham, Ala. Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear
www.southerncompany.com/southernnuclear
About X-energy: X-energy is dedicated to developing transformational nuclear energy solutions that change the world. The company is designing the Xe-100 series, an advanced nuclear reactor that will expand nuclear power into new markets in increments of approximately 50MWe. The Xe-100 series is designed to be small, simple and affordable. Key attributes of the design are that it requires less time to construct, with factory-produced components, and will be "walk-away" safe without operator intervention during loss of coolant conditions. X-energy is based in Greenbelt, Maryland. Twitter: @xenergynuclear; Facebook: facebook.com/xenergynuclear
Contact:
Melanie White Lyons
mlyons@x-energy.com
301.363.2839
@xenergynuclear
SOURCE X-energy
Article Date
8/22/2016Southern Company announces pricing of public offering of common stock
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 16, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) today announced that it has priced its previously-announced underwritten public offering of 32.5 million shares of its common stock for gross proceeds of approximately $1.6 billion. Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the pending purchase of a 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include the investment by the company in its subsidiaries, including Southern Power. The offering is expected to close on August 19, subject to customary closing conditions.
The last reported sale price of the company's common stock on August 16, 2016 was $50.96 per share. The underwriters are offering for sale the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by the underwriters and subject to their right to reject any order in whole or in part.
The company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for this offering. Before investing, interested parties should read the prospectus in that registration statement and other documents the company has filed with the SEC for more complete information about the company and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus if you request it by contacting Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at barclaysprospectus@broadridge.com or by telephone at (888) 603-5847; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus‑ny@ny.email.gs.com; Morgan Stanley, Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Wells Fargo Securities, Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by telephone at (800) 326-5897 or by email at cmclientsupport@wellsfargo.com.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Southern Company has 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. Southern Company owns electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving geographically diverse wholesale customers and a provider of customized energy solutions, as well as fiber optics and wireless communications.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the pending Southern Natural Gas investment, the expected closing of the offering and the use of proceeds from the offering. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2015, Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes; current and future litigation, regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity and natural gas; available sources and costs of natural gas and other fuels; limits on pipeline capacity; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County Mississippi; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, and the diversion of management time on integration-related issues; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business or Southern Company Gas' business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings; the impacts of any sovereign financial issues; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business or Southern Company Gas' business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
8/17/2016Southern Company announces public offering of common stock
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 16, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) today announced that it has commenced an underwritten public offering of 32.5 million shares of its common stock, through which it expects to raise gross proceeds of approximately $1.6 billion. Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the pending purchase of a 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include the investment by the company in its subsidiaries, including Southern Power. The offering is expected to close on August 19, subject to customary closing conditions.
The company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for this offering. Before investing, interested parties should read the prospectus in that registration statement and other documents the company has filed with the SEC for more complete information about the company and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus if you request it by contacting Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at barclaysprospectus@broadridge.com or by telephone at (888) 603-5847; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus‑ny@ny.email.gs.com; Morgan Stanley, Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Wells Fargo Securities, Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by telephone at (800) 326-5897 or by email at cmclientsupport@wellsfargo.com.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Southern Company has 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. Southern Company owns electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving geographically diverse wholesale customers and a provider of customized energy solutions, as well as fiber optics and wireless communications.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the pending Southern Natural Gas investment, the expected closing of the offering and the use of proceeds from the offering. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2015, Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes; current and future litigation, regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity and natural gas; available sources and costs of natural gas and other fuels; limits on pipeline capacity; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County Mississippi; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, and the diversion of management time on integration-related issues; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business or Southern Company Gas' business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings; the impacts of any sovereign financial issues; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business or Southern Company Gas' business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
8/16/2016Mississippi Power issues statement regarding Kemper County energy facility schedule
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., Aug. 8, 2016 /PRNewswire/ -- Mississippi Power continues making progress on the completion of the Kemper County energy facility. In July, the project reached its most significant milestone to date when it converted locally mined lignite to syngas.
The production of syngas, using the transport integrated gasification technology or TRIGTM, involved operating the "front end" of the plant and validated the TRIGTM technology works at commercial scale. The power plant portion, or the "back end" of the project, is already in service and has been providing safe, reliable electricity for our customers since August 2014.
As the company continues start-up and commissioning activities at Kemper, Mississippi Power announced today it is revising the facility's scheduled in-service date to Oct. 31, 2016. The one-month extension is needed to make mechanical equipment modifications to the gasifiers' supporting systems, complete the remaining commissioning activities on the syngas clean-up systems and integrate all systems necessary to generate electricity.
The company also revised its cost estimate subject to the cost cap for the Kemper project – since the last monthly report to the Mississippi Public Service Commission – to include an additional $43 million related to the schedule extension and start-up activities, for a total of approximately $81 million recorded for the second quarter of 2016.
All of those costs will be paid by Southern Company and Mississippi Power – not by Mississippi Power customers.
Mississippi Power's analysis of the time needed to complete start-up and commissioning activities will continue until the remaining assets are placed in service.
The Kemper project team continues focusing on starting up and integrating various systems needed to achieve the next major milestone – using the syngas to produce electricity.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOneTM Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the projected cost and schedule for the completion of construction and start-up of the integrated coal gasification combined cycle project in Kemper County, Mississippi ("the Kemper IGCC"). Mississippi Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Mississippi Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Mississippi Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Mississippi Power
Article Date
8/8/2016Georgia Power Marketplace makes saving money and energy easier than ever
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Aug. 4, 2016 /PRNewswire/ -- Georgia Power has launched the new Georgia Power Marketplace online at www.georgiapowermarketplace.com. The Marketplace brings the most popular energy saving products from smart thermostats to LED lighting to a single convenient online portal and streamlines the rebate process through integration with customers' Georgia Power accounts. The innovative e-commerce website is the latest tool from the company designed to help its 2.5 million customers save money and energy.
"We work every day to introduce new products and services that meet our customers' changing needs and help them save money and energy," said Latanza Adjei, vice president of sales for Georgia Power. "The Marketplace is an extension of this commitment and enhances the customer experience through more direct access to the latest products, as well as the world class customer service and energy expertise they expect from Georgia Power."
Shoppers at the Georgia Power Marketplace will experience a clean, easy-to-navigate, customer-focused website currently featuring the latest learning thermostats, LED lighting, smart power strips and water saving products, with more products to be added in the future. The site also features live chat and customer support for online shoppers, as well as buyer's guides for a variety of products that can help customers determine which one is right for them. In addition, the Marketplace offers free shipping for orders over $50.
The Marketplace also helps take the guesswork out of the rebate redemption process by providing instant savings for shoppers via the website. Current instant rebates available for Georgia Power customers include $100 off the Nest Learning Thermostat and 20 to 30 percent off of LED lighting of various wattages and color temperatures.
Georgia Power offers customers convenient and valuable energy saving tools and resources online at www.GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup and a variety of rebates and incentives for both homes and businesses. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
8/4/20167/27/2016 - Southern Company reports second quarter earnings
Southern Company reports second quarter earnings
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 27, 2016 /PRNewswire/ -- Southern Company today reported second quarter 2016 earnings of $638 million, or 68 cents per share, compared with earnings of $629 million, or 69 cents per share, in the second quarter of 2015. For the six months ended June 30, 2016, earnings were $1.12 billion, or $1.21 per share, compared with $1.14 billion, or $1.25 per share, for the same period in 2015.
Excluding the items described in the "Consolidated Earnings – Excluding Items" table below, Southern Company earned $692 million, or 74 cents per share, during the second quarter of 2016, compared with $647 million, or 71 cents per share, during the second quarter of 2015. For the six months ended June 30, 2016, excluding these items, Southern Company earned $1.22 billion, or $1.32 per share, compared with earnings of $1.16 billion, or $1.28 per share, for the same period in 2015.
|
Three Months Ended June |
Year-to-Date June | ||||
|
Consolidated Earnings - Excluding Items |
2016 |
2015 |
2016 |
2015 | |
|
Net Income - As Reported |
$638 |
$629 |
$1,123 |
$1,138 | |
|
Estimated Loss on Kemper IGCC |
38 |
23 |
91 |
32 | |
|
Tax Impact |
(15) |
(9) |
(35) |
(12) | |
|
Acquisition Costs |
44 |
0 |
65 |
0 | |
|
Tax Impact |
(13) |
0 |
(20) |
0 | |
|
Additional MCAR Settlement Costs |
0 |
7 |
0 |
7 | |
|
Tax Impact |
0 |
(3) |
0 |
(3) | |
|
Net Income - Excluding Items |
$692 |
$647 |
$1,224 |
$1,162 | |
|
Basic Earnings Per Share - Excluding Items |
$0.74 |
$0.71 |
$1.32 |
$1.28 | |
|
NOTE: Except for earnings per share, the figures in the table above are expressed in millions of dollars. | |||||
Earnings for the three and six months ended June 30, 2016, were also impacted by debt-financing costs related to the acquisition of Southern Company Gas (formerly known as AGL Resources Inc). These costs were not included in the 2016 earnings guidance provided previously. Excluding both these costs and the items described above, Southern Company earned $716 million, or 77 cents per share, during the second quarter of 2016, compared with $647 million, or 71 cents per share, during the second quarter of 2015. For the six months ended June 30, 2016, excluding all of these items, Southern Company earned $1.25 billion, or $1.35 per share, compared with earnings of $1.16 billion, or $1.28 per share, for the same period in 2015.
|
Three Months Ended June |
Year-to-Date June | ||||
|
Consolidated Earnings - Adjusted for Guidance Comparability |
2016 |
2015 |
2016 |
2015 | |
|
Net Income - Excluding Items |
$692 |
$647 |
$1,224 |
$1,162 | |
|
Acquisition Debt Financing Costs |
39 |
0 |
39 |
0 | |
|
Tax Impact |
(15) |
0 |
(15) |
0 | |
|
Net Income - Adjusted for Guidance Comparability |
$716 |
$647 |
$1,248 |
$1,162 | |
|
Basic Earnings Per Share - Adjusted for Guidance Comparability |
$0.77 |
$0.71 |
$1.35 |
$1.28 | |
|
NOTE: Except for earnings per share, the figures in the table above are expressed in millions of dollars. | |||||
Earnings drivers for the second quarter of 2016 were positively influenced by retail revenue effects at Southern Company's traditional operating companies, stronger-than-expected performance of its Southern Power subsidiary and lower non-fuel operations and maintenance expenses across the regulated operating companies. Earnings were negatively influenced by increased interest expenses and higher depreciation and amortization expenses.
"We are very pleased with how our electric businesses are performing this year, including the strong performance of our wholesale subsidiary, Southern Power," said Southern Company Chairman, President and CEO Thomas A. Fanning. "We look forward to the years ahead, when both Southern Company Gas and – subject to federal approval – our announced investment in Southern Natural Gas begin to contribute to our results. We are truly building the future of energy for the benefit of the customers and communities we are privileged to serve. That longstanding customer focus has always been the foundation for delivering on our long-term financial objectives."
Second quarter 2016 operating revenues were $4.45 billion, compared with $4.34 billion for the second quarter of 2015, an increase of 2.7 percent. For the six months ended June 30, 2016, operating revenues were $8.43 billion, compared with $8.52 billion for the same period in 2015, a decrease of 1.0 percent. This decrease was primarily due to lower fuel costs.
Kilowatt-hour sales to retail customers in Southern Company's four-state service area decreased 1.6 percent in the second quarter of 2016, compared with the second quarter of 2015. Residential energy sales decreased 0.8 percent, commercial energy sales decreased 2.0 percent and industrial energy sales decreased 1.9 percent. For the first six months of 2016, retail sales decreased 2.3 percent, compared with the same period in 2015. Residential energy sales decreased 4.1 percent, commercial energy sales decreased 1.4 percent and industrial energy sales decreased 1.4 percent.
Weather-adjusted kilowatt-hour sales to retail customers in Southern Company's four-state service area decreased 1.4 percent in the second quarter of 2016, compared with the second quarter of 2015. Weather-adjusted residential energy sales decreased 0.2 percent and weather-adjusted commercial energy sales decreased 1.9 percent. For the first six months of 2016, weather-adjusted retail sales decreased 0.5 percent, compared with the same period in 2015. Weather-adjusted residential energy sales increased 0.6 percent and weather-adjusted commercial energy sales decreased 0.6 percent.
Total energy sales to Southern Company's customers, including wholesale sales, decreased 0.6 percent in the second quarter of 2016, compared with the second quarter of 2015. For the first six months of 2016, total energy sales decreased 1.1 percent, compared with the same period in 2015.
Southern Company's second quarter earnings slides with supplemental financial information including its earnings estimate for the third quarter of 2016 are available at http://investor.southerncompany.com.
Southern Company's financial analyst call will begin at 1 p.m. Eastern time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available on the site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion of the Southern Natural Gas investment and the future results of Southern Company Gas and Southern Natural Gas. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including, without limitation, Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity and natural gas, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of natural gas and other fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission (PSC)); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County Mississippi (the Kemper IGCC), including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the inherent risks involved in transporting and storing natural gas; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the possibility that the anticipated benefits from the acquisition of Southern Company Gas cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, and the diversion of management time on integration-related issues; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business or Southern Company Gas' business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the Department of Energy loan guarantees; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business or Southern Company Gas' business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
|
Southern Company | ||||||||||||||||
|
Financial Highlights | ||||||||||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||
|
Consolidated Earnings–As Reported (See Notes) |
2016 |
2015 |
2016 |
2015 | ||||||||||||
|
Traditional Electric Operating Companies |
$ |
621 |
$ |
561 |
$ |
1,085 |
$ |
1,038 |
||||||||
|
Southern Power |
89 |
46 |
139 |
79 |
||||||||||||
|
Total |
710 |
607 |
1,224 |
1,117 |
||||||||||||
|
Parent Company and Other |
(72) |
22 |
(101) |
21 |
||||||||||||
|
Net Income–As Reported |
$ |
638 |
$ |
629 |
$ |
1,123 |
$ |
1,138 |
||||||||
|
Basic Earnings Per Share |
$ |
0.68 |
$ |
0.69 |
$ |
1.21 |
$ |
1.25 |
||||||||
|
Average Shares Outstanding (in millions) |
934 |
909 |
925 |
910 |
||||||||||||
|
End of Period Shares Outstanding (in millions) |
942 |
908 |
||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||
|
Consolidated Earnings–Excluding Items (See Notes) |
2016 |
2015 |
2016 |
2015 | ||||||||||||
|
Net Income–As Reported |
$ |
638 |
$ |
629 |
$ |
1,123 |
$ |
1,138 |
||||||||
|
Estimated Loss on Kemper IGCC1 |
38 |
23 |
91 |
32 |
||||||||||||
|
Tax Impact |
(15) |
(9) |
(35) |
(12) |
||||||||||||
|
Acquisition Costs2 |
44 |
— |
65 |
— |
||||||||||||
|
Tax Impact |
(13) |
— |
(20) |
— |
||||||||||||
|
Additional MCAR settlement costs3 |
— |
7 |
— |
7 |
||||||||||||
|
Tax Impact |
— |
(3) |
— |
(3) |
||||||||||||
|
Net Income–Excluding Items |
$ |
692 |
$ |
647 |
$ |
1,224 |
$ |
1,162 |
||||||||
|
Basic Earnings Per Share–Excluding Items |
$ |
0.74 |
$ |
0.71 |
$ |
1.32 |
$ |
1.28 |
||||||||
|
Notes |
||||||||||||||||
|
- For the three and six months ended June 30, 2016 and 2015, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||
|
(1) The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three and six months ended June 30, 2016 and 2015. Similar charges may occur with uncertain frequency. | ||||||||||||||||
|
(2) Earnings for the three and six months ended June 30, 2016 include costs related to the acquisitions of Southern Company Gas (formerly known as AGL Resources Inc.) and PowerSecure International, Inc. Further costs are expected to continue to occur in connection with the related integrations. | ||||||||||||||||
|
(3) Earnings for the three and six months ended June 30, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. | ||||||||||||||||
|
Southern Company | ||||||||||||||||
|
Financial Highlights | ||||||||||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||
|
Consolidated Earnings–Adjusted for Guidance Comparability (See Notes) |
2016 |
2015 |
2016 |
2015 | ||||||||||||
|
Net Income–Excluding Items |
$ |
692 |
$ |
647 |
$ |
1,224 |
$ |
1,162 |
||||||||
|
Acquisition Debt Financing Costs1 |
39 |
— |
39 |
— |
||||||||||||
|
Tax Impact |
(15) |
— |
(15) |
— |
||||||||||||
|
Net Income–Adjusted for Guidance Comparability |
$ |
716 |
$ |
647 |
$ |
1,248 |
$ |
1,162 |
||||||||
|
Basic Earnings Per Share–Adjusted for Guidance Comparability |
$ |
0.77 |
$ |
0.71 |
$ |
1.35 |
$ |
1.28 |
||||||||
|
Notes |
||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||
|
(1) Earnings for the three and six months ended June 30, 2016 include debt financing costs related to the acquisition of Southern Company Gas (formerly known as AGL Resources Inc.). For comparison purposes, these costs have been removed from the actual results to be consistent with the 2016 earnings guidance as presented in the first quarter of 2016, which excluded such costs. | ||||||||||||||||
|
Southern Company | ||||||||||||||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||||||||||
|
2016 |
2015 |
Change |
2016 |
2015 |
Change | |||||||||||||||||||
|
Consolidated Earnings Per Share– |
||||||||||||||||||||||||
|
As Reported (See Notes) |
$ |
0.68 |
$ |
0.69 |
$ |
(0.01) |
$ |
1.21 |
$ |
1.25 |
$ |
(0.04) |
||||||||||||
|
Significant Factors: |
||||||||||||||||||||||||
|
Traditional Electric Operating Companies |
$ |
0.06 |
$ |
0.05 |
||||||||||||||||||||
|
Southern Power |
0.05 |
0.06 |
||||||||||||||||||||||
|
Parent Company and Other |
(0.10) |
(0.13) |
||||||||||||||||||||||
|
Increase in Shares |
(0.02) |
(0.02) |
||||||||||||||||||||||
|
Total–As Reported |
$ |
(0.01) |
$ |
(0.04) |
||||||||||||||||||||
|
Three Months Ended |
Year-to-Date | |||||||||||||||||||||||
|
2016 |
2015 |
Change |
2016 |
2015 |
Change | |||||||||||||||||||
|
Consolidated Earnings Per Share– |
||||||||||||||||||||||||
|
Excluding Items (See Notes) |
$ |
0.74 |
$ |
0.71 |
$ |
0.03 |
$ |
1.32 |
$ |
1.28 |
$ |
0.04 |
||||||||||||
|
Total–As Reported |
$ |
(0.01) |
$ |
(0.04) |
||||||||||||||||||||
|
Estimated Loss on Kemper IGCC1 |
0.01 |
0.04 |
||||||||||||||||||||||
|
Acquisition Costs2 |
0.03 |
0.05 |
||||||||||||||||||||||
|
Additional MCAR settlement costs3 |
— |
(0.01) |
||||||||||||||||||||||
|
Total–Excluding Items |
$ |
0.03 |
$ |
0.04 |
||||||||||||||||||||
|
Notes |
||||||||||||||||||||||||
|
- For the three and six months ended June 30, 2016 and 2015, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||||||||||||||
|
(1) The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three and six months ended June 30, 2016 and 2015. Similar charges may occur with uncertain frequency. | ||||||||||||||||||||||||
|
(2) Earnings for the three and six months ended June 30, 2016 include costs related to the acquisitions of Southern Company Gas (formerly known as AGL Resources Inc.) and PowerSecure International, Inc. Further costs are expected to continue to occur in connection with the related integrations. | ||||||||||||||||||||||||
|
(3) Earnings for the three and six months ended June 30, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. These costs were the same for the three and six months ended June 30, 2015; however, these costs on a per share basis differ between the periods due to the effects of rounding. | ||||||||||||||||||||||||
|
Southern Company |
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|
EPS Earnings Analysis |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended June 2016 vs. June 2015 |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cents |
Description |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(2)¢ |
Retail Sales |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
13 |
Retail Revenue Impacts |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
— |
Weather |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(1) |
Wholesale Operations |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
4 |
Non-Fuel O&M |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(3) |
Depreciation and Amortization |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(1) |
Taxes Other Than Income Taxes |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
1 |
Other Income and Deductions |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(4) |
Interest Expense |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
7¢ |
Total Traditional Electric Operating Companies |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
5¢ |
Southern Power |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(3) |
Acquisition Debt Financing Costs |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(4) |
Other Parent and Non-Utility Subsidiaries |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(7)¢ |
Parent and Other |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(2)¢ |
Increase in Shares |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
3¢ |
Total Change in QTD EPS (Excluding Items) |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(1) |
Estimated Loss on Kemper IGCC1 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(3) |
Acquisition Costs2 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
(1)¢ |
Total Change in QTD EPS (As Reported) |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Notes |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
(1) The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended June 30, 2016 and 2015. Similar charges may occur with uncertain frequency. |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
(2) Earnings for the three months ended June 30, 2016 include costs related to the acquisitions of Southern Company Gas (formerly known as AGL Resources Inc.) and PowerSecure International, Inc. Further costs are expected to continue to occur in connection with the related integrations. |
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|
Southern Company | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
As Reported | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
(In Millions of Dollars) | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June | ||||||||||||||||||||||||||||||||||||||||||||||||||
|
2016 |
2015 |
Change |
2016 |
2015 |
Change | ||||||||||||||||||||||||||||||||||||||||||||||
|
Income Account- |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Retail Revenues- |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Fuel |
$ |
998 |
$ |
1,130 |
$ |
(132) |
$ |
1,873 |
$ |
2,218 |
$ |
(345) |
|||||||||||||||||||||||||||||||||||||||
|
Non-Fuel |
2,750 |
2,584 |
166 |
5,251 |
5,038 |
213 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Wholesale Revenues |
446 |
448 |
(2) |
842 |
915 |
(73) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Electric Revenues |
166 |
162 |
4 |
348 |
325 |
23 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Revenues |
93 |
13 |
80 |
117 |
24 |
93 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Revenues |
4,453 |
4,337 |
116 |
8,431 |
8,520 |
(89) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Fuel and Purchased Power |
1,212 |
1,371 |
(159) |
2,288 |
2,727 |
(439) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Cost of Sales |
54 |
— |
54 |
62 |
— |
62 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Non-fuel O & M |
1,099 |
1,100 |
(1) |
2,205 |
2,222 |
(17) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Depreciation and Amortization |
569 |
500 |
69 |
1,110 |
987 |
123 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Taxes Other Than Income Taxes |
255 |
245 |
10 |
511 |
497 |
14 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Estimated Loss on Kemper IGCC |
38 |
23 |
15 |
91 |
32 |
59 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Operating Expenses |
3,227 |
3,239 |
(12) |
6,267 |
6,465 |
(198) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Operating Income |
1,226 |
1,098 |
128 |
2,164 |
2,055 |
109 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Allowance for Equity Funds Used During Construction |
45 |
39 |
6 |
98 |
102 |
(4) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Interest Expense, Net of Amounts Capitalized |
293 |
180 |
113 |
539 |
393 |
146 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Income (Expense), net |
(28) |
(12) |
(16) |
(54) |
(19) |
(35) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Income Taxes |
288 |
302 |
(14) |
510 |
576 |
(66) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Net Income |
662 |
643 |
19 |
1,159 |
1,169 |
(10) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Less: |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividends on Preferred and Preference Stock of Subsidiaries |
12 |
14 |
(2) |
23 |
31 |
(8) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Net Income Attributable to Noncontrolling Interests |
12 |
— |
12 |
13 |
— |
13 |
|||||||||||||||||||||||||||||||||||||||||||||
|
CONSOLIDATED NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY |
$ |
638 |
$ |
629 |
$ |
9 |
$ |
1,123 |
$ |
1,138 |
$ |
(15) |
|||||||||||||||||||||||||||||||||||||||
|
Notes |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Southern Company | |||||||||||||||||||||||||
|
Kilowatt-Hour Sales | |||||||||||||||||||||||||
|
(In Millions of KWHs) | |||||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June | ||||||||||||||||||||||||
|
As Reported |
2016 |
2015 |
Change |
Weather Adjusted Change |
2016 |
2015 |
Change |
Weather Adjusted Change* | |||||||||||||||||
|
Kilowatt-Hour Sales- |
|||||||||||||||||||||||||
|
Total Sales |
47,572 |
47,878 |
(0.6) |
% |
93,048 |
94,123 |
(1.1) |
% |
|||||||||||||||||
|
Total Retail Sales- |
39,426 |
40,072 |
(1.6) |
% |
(1.4) |
% |
77,465 |
79,281 |
(2.3) |
% |
(0.5) |
% | |||||||||||||
|
Residential |
12,443 |
12,548 |
(0.8) |
% |
(0.2) |
% |
25,045 |
26,125 |
(4.1) |
% |
0.6 |
% | |||||||||||||
|
Commercial |
13,381 |
13,654 |
(2.0) |
% |
(1.9) |
% |
25,704 |
26,069 |
(1.4) |
% |
(0.6) |
% | |||||||||||||
|
Industrial |
13,382 |
13,645 |
(1.9) |
% |
(1.9) |
% |
26,270 |
26,633 |
(1.4) |
% |
(1.5) |
% | |||||||||||||
|
Other |
220 |
225 |
(1.9) |
% |
(1.9) |
% |
446 |
454 |
(1.8) |
% |
(1.7) |
% | |||||||||||||
|
Total Wholesale Sales |
8,146 |
7,806 |
4.4 |
% |
N/A |
15,583 |
14,842 |
5.0 |
% |
N/A | |||||||||||||||
|
Note |
|||||||||||||||||||||||||
|
*Also reflects adjustment of 2015 KWH sales consistent with Mississippi Power's updated methodology to estimate the unbilled revenue allocation among customer classes implemented in the first quarter 2015. | |||||||||||||||||||||||||
|
Southern Company | |||||||||||||||||||||||
|
Financial Overview | |||||||||||||||||||||||
|
As Reported | |||||||||||||||||||||||
|
(In Millions of Dollars) | |||||||||||||||||||||||
|
Three Months Ended June |
Year-to-Date June | ||||||||||||||||||||||
|
2016 |
2015 |
% Change |
2016 |
2015 |
% Change | ||||||||||||||||||
|
Consolidated – |
|||||||||||||||||||||||
|
Operating Revenues |
$ |
4,453 |
$ |
4,337 |
2.7 |
% |
$ |
8,431 |
$ |
8,520 |
(1.0) |
% | |||||||||||
|
Earnings Before Income Taxes |
950 |
945 |
0.5 |
% |
1,669 |
1,745 |
(4.4) |
% | |||||||||||||||
|
Net Income Available to Common |
638 |
629 |
1.4 |
% |
1,123 |
1,138 |
(1.3) |
% | |||||||||||||||
|
Alabama Power – |
|||||||||||||||||||||||
|
Operating Revenues |
$ |
1,444 |
$ |
1,455 |
(0.8) |
% |
$ |
2,776 |
$ |
2,856 |
(2.8) |
% | |||||||||||
|
Earnings Before Income Taxes |
358 |
329 |
8.8 |
% |
621 |
621 |
— |
% | |||||||||||||||
|
Net Income Available to Common |
211 |
200 |
5.5 |
% |
367 |
369 |
(0.5) |
% | |||||||||||||||
|
Georgia Power – |
|||||||||||||||||||||||
|
Operating Revenues |
$ |
2,051 |
$ |
2,016 |
1.7 |
% |
$ |
3,923 |
$ |
3,994 |
(1.8) |
% | |||||||||||
|
Earnings Before Income Taxes |
565 |
462 |
22.3 |
% |
998 |
842 |
18.5 |
% | |||||||||||||||
|
Net Income Available to Common |
347 |
277 |
25.3 |
% |
616 |
513 |
20.1 |
% | |||||||||||||||
|
Gulf Power – |
|||||||||||||||||||||||
|
Operating Revenues |
$ |
365 |
$ |
384 |
(4.9) |
% |
$ |
700 |
$ |
741 |
(5.5) |
% | |||||||||||
|
Earnings Before Income Taxes |
61 |
59 |
3.4 |
% |
112 |
121 |
(7.4) |
% | |||||||||||||||
|
Net Income Available to Common |
34 |
35 |
(2.9) |
% |
63 |
72 |
(12.5) |
% | |||||||||||||||
|
Mississippi Power – |
|||||||||||||||||||||||
|
Operating Revenues |
$ |
277 |
$ |
275 |
0.7 |
% |
$ |
533 |
$ |
552 |
(3.4) |
% | |||||||||||
|
Earnings Before Income Taxes |
29 |
66 |
(56.1) |
% |
30 |
105 |
(71.4) |
% | |||||||||||||||
|
Net Income Available to Common |
28 |
49 |
(42.9) |
% |
39 |
84 |
(53.6) |
% | |||||||||||||||
|
Southern Power – |
|||||||||||||||||||||||
|
Operating Revenues |
$ |
373 |
$ |
337 |
10.7 |
% |
$ |
688 |
$ |
684 |
0.6 |
% | |||||||||||
|
Earnings Before Income Taxes |
60 |
53 |
13.2 |
% |
87 |
98 |
(11.2) |
% | |||||||||||||||
|
Net Income Available to Common |
89 |
46 |
93.5 |
% |
139 |
79 |
75.9 |
% | |||||||||||||||
|
Note |
|||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | |||||||||||||||||||||||
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
7/27/2016Southern Company and partners announce waterway conservation grants
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 26, 2016 /PRNewswire/ -- Continuing its commitment to natural resource conservation and stewardship, Southern Company, in partnership with the National Fish and Wildlife Foundation (NFWF) and other public and private partners, has awarded approximately $2.2 million in grants to 58 community-led projects nationwide as part of the Five Star and Urban Waters Restoration Program.
Southern Company's funding of the 2016 grants directly supports eight habitat-restoration projects within the southeastern states where Southern Company operates electric utilities, helping to restore more than 35 acres and 1,200 feet of streambank in Alabama, Florida and Georgia.
"Southern Company has long demonstrated our commitment to the customers and communities we serve by partnering to conserve our local natural resources," said Southern Company Chief Environmental Officer Larry Monroe. "Through the Five Star and Urban Waters Program, we are pleased to support hands-on projects that educate and strengthen communities, while protecting and restoring our wetlands and streams for generations to come."
Nationally, the 58 grants are being awarded through a public-private partnership that includes NFWF, the Wildlife Habitat Council, the U.S. Environmental Protection Agency, the U.S. Forest Service, the U.S. Fish and Wildlife Service, Southern Company, FedEx, Bank of America and Alcoa.
The Five Star and Urban Waters Restoration Program emphasizes local community stewardship of natural resources by providing financial assistance to diverse local partnerships for wetland, forest, streamside and coastal habitat restoration.
Since 2006, Southern Company has contributed nearly $2.5 million to 109 Five Star and Urban Waters Restoration grants, resulting in an on-the-ground conservation impact of more than $12.4 million. Altogether, these efforts are restoring or improving more than 1,200 acres and more than 127,000 feet of streamside buffer in the Southeast.
"The Five Star and Urban Waters Restoration Program is such a wonderful example of a successful community-focused conservation effort," said Jeff Trandahl, executive director and CEO of NFWF. "The program is in its 17th year, so it represents a long-term commitment to environmental challenges. And because a major program component is engaging communities in conservation, not only do we see the conservation benefits of the individual projects, but we also see the tremendous rewards of involving and educating citizens in the restoration and protection of clean water, healthy fish and wildlife habitat in their own communities."
Grant recipients were selected based on criteria that included critical habitat restoration, partnerships established with local government agencies and businesses, and their ability to provide educational and training opportunities for youth and the community at large, as well as other ecological, cultural and economic benefits.
The following projects have been awarded 2016 Five Star and Urban Waters Restoration grants supported by Southern Company:
In Alabama:
Birmingham-Southern College and partners will expand educational programming and conduct restoration activities on 9 acres of the Turkey Creek Nature Preserve. Invasive removal and native replantings will support habitat of the endangered Vermilion Darter, as well as bat populations including the only confirmed Alabama colony of threatened northern long-eared bats. A bioswale native plant demonstration garden and surrounding pavilion will reduce stormwater runoff and enhance learning opportunities for visitors. Partners include Freshwater Land Trust, the City of Pinson, U.S. Fish and Wildlife Service, Cawaco Resource, Conservation and Development Council, Myhand Services, Goat Busters and Friends of Turkey Creek.
The City of Birmingham and partners will retrofit a portion of Bertram A. Hudson K-8 School with a bioretention basin and pervious pavers. Activities include restoration planning and design, stream/site maintenance and monitoring, outdoor learning and community outreach. The project will provide a reduction in pollution to Village Creek, a priority watershed, help control the volume runoff exiting the site and create learning opportunities about stormwater for the Birmingham City School system and community. Partners include Bertram A. Hudson K-8 School, the University of Alabama at Birmingham School of Engineering, George Washington Carver High School and Belgard Hardcastle.
The City of Montevallo and partners will protect Shoal Creek through restoration and communication activities. The project will engage students and volunteers in stabilizing the creek through dredging, invasive plant removal and native replantings. A plant identification booklet produced by university students will assist volunteers in restoration and educate the public on the importance of native plantings for erosion control. Partners include Montevallo Arbor and Beautification Board, ARGOS, Shelby County and the University of Montevallo.
In Florida:
The Northwest Florida State College Foundation and partners will construct 1 acre of oyster reefs to address the decline of oyster habitat in Choctawhatchee Bay. Reefs will be built from recycled shell collected from local restaurants and bagged and placed through volunteer events. Choctawhatchee Basin Alliance (CBA) will enhance these reefs with living oysters grown through the Choctawhatchee Oyster Gardeners and Spat On! Youth Outreach programs, which will harness 300 trained stewards to move matured oysters to restoration sites during community events. Partners include CBA, the City of Fort Walton Beach, the City of Valparaiso, Bluewater Bay Marina and NWF AmeriCorps.
In Georgia:
Trees Atlanta and partners will remove 6 acres of invasive species and trash, replant native species to stabilize slopes and streambanks, and highlight the project through adult and youth education programming by including the park site on walking tours and as an education site for KIPP STRIVE Academy students. Partners will redesign the portion of Proctor Creek that flows through the site and complete a full park design. The project capitalizes on the proximity of the Atlanta BeltLine Westside Trail project (Enota Park portion) set for completion by the end of 2017. Partners include Atlanta BeltLine, Park Pride, the City of Atlanta and Westview Community Organization.
The Emerald Corridor Foundation and partners will engage the community in creating a rain garden as a demonstration site and platform for community education and engagement. The rain garden will use native vegetation and drainage techniques to restore habitat, support natural hydrology and reduce stormwater runoff flows. The project will showcase green infrastructure and land stewardship as tools for urban watershed restoration and conservation. Partners include Proctor Creek Community Partnership, Greening Youth Foundation, Grove Park Neighborhood Association and B+C Studio.
The Atlanta Audubon Society and partners will restore 15 acres of bird habitat on two sites in the Peachtree Creek watershed and create baseline bird data to aid conservation planning. The project will provide numerous citizen science and education opportunities to the local community and double the partnership's local impact on bird habitat. Activities will engage 125 community volunteers, with educational opportunities for 500 people. Partners include Olmstead Linear Parks Alliance, City of Clarkston, Friends of Friendship Forest, Greening Youth Foundation, National Audubon Society and Georgia Native Plant Society.
Coastal WildScapes and partners will enhance the Cay Creek Wetland Demonstration garden through native wetland species planting and stormwater control measures, and will engage the community through various education and outreach activities. The project will provide the coastal community with a model for enhancing native floral and faunal diversity at the intersection of wetland habitats and urbanized areas. Partners include the City of Midway, the University of Georgia, the Georgia Department of Natural Resources, Keep Liberty Beautiful, The Orianne Society and Verdant Enterprises.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
7/26/2016Latest Vogtle timeline video highlights focus on safety, productivity and efficiency
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 25, 2016 /PRNewswire/ -- Georgia Power has released the latest timeline video highlighting safety, productivity and efficiency at the Vogtle nuclear expansion near Waynesboro, Georgia. The Vogtle 3 & 4 project is the state's largest job-producing construction project with more than 6,000 construction workers now onsite and 800 permanent jobs expected once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses across Georgia.
Now available on Georgia Power's YouTube Channel, the new timeline video includes:
Completing the new units at Plant Vogtle remains the best cost option for meeting Georgia's future energy needs. The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, expected benefits, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
Video - https://youtu.be/9sIsADZVg9w
Logo - http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
SOURCE Georgia Power
Article Date
7/25/2016Southern Company subsidiaries announce leadership changes
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 19, 2016 /PRNewswire/ -- Southern Company today announced executive leadership changes involving several of its subsidiaries, effective July 30.
John G. Trawick has been named senior vice president and chief operating officer for subsidiary Southern Power. Trawick was formerly senior vice president of commercial operations and planning for Southern Company Services. In this role, Trawick will lead the operations of Southern Power's expanding electric generation fleet, as well as project development and construction, and asset optimization.
John L. Pemberton has been named senior vice president, chief administrative officer and general counsel for Southern Power. Pemberton was formerly senior vice president and senior production officer for subsidiary Georgia Power. In this position, Pemberton will work closely with the Southern Company system legal organization. His additional responsibilities will include contract compliance, environmental compliance, communications, real estate and coordinating with system federal policy efforts.
"As Southern Company creates the future of energy, we are drawing from the system's exceptional leadership bench strength to support Southern Power's rapid growth," said Southern Power President and CEO Joseph A. "Buzz" Miller. "John Trawick and John Pemberton will deliver immediate value as members of Southern Power's executive team."
Theodore "Ted" J. McCullough will assume Pemberton's senior production officer responsibilities for Georgia Power's 17,500 megawatts of natural gas, coal and hydro generation. McCullough is the current senior vice president and chief production officer for Southern Company Services. McCullough takes on this role in addition to his current duties, which include overseeing the operation of the Southern Company system's fossil, hydro and renewable generation assets.
"Over the years, John Pemberton's leadership has steadily guided Georgia Power's fleet through significant changes in our generation mix," said Paul Bowers, chairman, president and CEO of Georgia Power. "Ted's operations expertise and broad understanding of our business ensures Georgia Power's generation fleet will continue to evolve, including more renewable projects, working with our partners across the system to provide our customers with safe, reliable and affordable energy today and into the future."
Currently Southern Company Services' senior vice president of commercial operations and planning, Trawick began his career as a senior consultant with J. Kennedy and Associates in Atlanta, before joining Southern Energy Inc. in 1996 and serving as director of market affairs for Mirant Corp. He later transitioned to Southern Company as manager of portfolio management and served in a variety of roles, including director of strategic and corporate affairs for Southern Power. In 2008, he joined the Tennessee Valley Authority as vice president of strategy, pricing and contracts before returning to Southern Company in 2013. Trawick graduated from Auburn University with a bachelor's degree in applied mathematics and earned a master's degree in mathematics at the University of Tennessee. He serves on the leadership council of the College of Science and Mathematics at Auburn University.
Pemberton joined Southern Company in 2003 as vice president of governmental affairs in Southern Company's Washington, D.C. office, where he managed the company's federal outreach activities. Before joining Southern Company, Pemberton served as chief of staff for the Environmental Protection Agency's Office of Air and Radiation, where he helped manage the office's efforts on several utility-related policy issues. Pemberton was also counsel and then chief of counsel for the U.S. Senate Environment and Public Works Committee. He is a graduate of Southern Methodist University and the Creighton University School of Law.
McCullough joined Southern Company in 1987 and has held leadership positions at coal-fired, gas-fired and hydroelectric power plants in Georgia and Alabama. Prior to overseeing the system's fossil and hydro generation assets, McCullough served as senior vice president of engineering and construction services and as senior production officer at Alabama Power and Gulf Power. McCullough is a registered professional engineer with degrees in electrical engineering and mathematics from Vanderbilt University. He also has a master's degree in business administration from Auburn University.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have the rights to 39 facilities operating or under construction in 10 states with more than 10,800 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future growth of Southern Company and Southern Power. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Southern Power's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company and its subsidiaries operate; variations in demand for electricity; available sources and costs of natural gas and other fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of generating facilities, which include the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any environmental performance standards, including the requirements of tax credits and other incentives; advances in technology; state and federal rate regulations; the ability to successfully operate generating facilities and the successful performance of necessary corporate functions; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power; the ongoing partnerships with Turner Renewable Energy, LLC, First Solar, Inc., and Recurrent Energy; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on Southern Company and its subsidiaries' businesses resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and its subsidiaries' credit ratings; the impacts of any sovereign financial issues; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on Southern Company's and its subsidiaries' businesses resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
7/19/20167/18/2016 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 18, 2016 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 56 cents per share on the company's common stock, payable Sept. 6, 2016, to shareholders of record as of Aug. 15, 2016. This marks 275 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/18/20167/15/2016 - Southern Company subsidiary announces syngas production milestone at Kemper County energy facility
Southern Company subsidiary announces syngas production milestone at Kemper County energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 15, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) today announced that subsidiary Mississippi Power has started producing syngas using lignite at the Kemper County energy facility – the most significant milestone at the plant to date.
The successful production of syngas demonstrates the viability of the Transport Integrated Gasification (TRIG™) technology, which is being used for the first time at commercial scale at the state-of-the-art facility, and will be combined with the other major systems to eventually produce power.
"This is a major achievement for the Kemper project, and I am very proud of everyone who has worked safely and tirelessly to overcome challenges and reach this important point," said Mississippi Power President and CEO Anthony Wilson. "Producing syngas from Mississippi's own abundant natural resource – lignite – should be encouraging to our customers, communities and energy companies around the world. This proves that Kemper's technology can provide a way forward for coal and puts us a step closer to full plant operation."
An integral aspect of the plant's operations, syngas is created when locally mined lignite is heated at high temperatures in the plant's gasifiers, converting the coal to gas. To produce electricity, the plant is designed to use syngas similarly to natural gas to power a turbine. The facility is designed to capture at least 65 percent of carbon dioxide, with resulting emissions better than a similarly sized natural gas plant.
The TRIG™ coal gasification technology deployed at the plant was jointly developed by Southern Company, KBR and the U.S. Department of Energy over the past two decades at the Power Systems Development Facility, an Alabama-based research facility operated by Southern Company.
The successful production of syngas is an important step in the systematic process of achieving the facility's full commercial operation. During the coming weeks, the Kemper project team also will be focused on starting up and integrating various systems needed to achieve the next major milestone – using syngas to produce electricity at the plant.
When fully operational, the plant is designed to not only generate electricity, but also to capture marketable products from the syngas like carbon dioxide, which is expected to be used for enhanced oil recovery – a process through which CO2 is safely and permanently injected into the ground to extract the fuel from depleted oil fields.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOne™ Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the projected schedule for the completion of construction and start-up of the integrated coal gasification combined cycle project in Kemper County, Mississippi (the "Kemper IGCC"). Southern Company and Mississippi Power caution that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Mississippi Power's Annual Reports on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in tax and other laws and regulations to which Mississippi Power is subject as well as changes in application of existing laws and regulations; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Southern Company and Mississippi Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
7/15/20167/15/2016 - Georgia Power introduces new Billing Alerts
Georgia Power introduces new Billing Alerts
Source: PR Newswire
ATLANTA, July 15, 2016 /PRNewswire/ -- Georgia Power today announced the latest addition to its suite of free customer tools and resources – Billing Alerts. The new service, available online by logging into www.GeorgiaPower.com, provides customers with customized notifications about their bills. Billing Alerts feature notifications via text and email that alert customers when their Georgia Power bill is available, when a due date is approaching, when a bill is past due or when the account may be eligible for disconnection.
"We know that our customers' lives are busy and we work every day to not only make sure electricity is reliable and affordable, but also that it's as easy as possible to do business with us," said Louise Scott, vice president of customer service for Georgia Power. "The new Billing Alerts service adds an additional level of customized convenience for customers and is a great tool for minimizing missed payments and disconnections."
Electronic tools, communication and transactions, including bill payments, are increasingly popular with Georgia Power's 2.5 million customers across the state. Currently, more than 50 percent of Georgia Power payments are made electronically, including online, mobile and auto-draft transactions, and one in five Georgia Power customers have made the switch to eco-friendly paperless billing.
In addition to Billing Alerts, other free Georgia Power services available include My Power Usage, a personalized tool that provides customers with the information they need to better manage daily energy costs and eliminate surprises at the end of their billing cycle. During and after a storm, the company's Outage Alerts service provides customers with updates if a power outage occurs in their area as well as estimated times of restoration. To learn more about these services and more, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
7/15/2016Southern Company and partners announce Gulf Coast Conservation Grants
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 14, 2016 /PRNewswire/ -- Demonstrating its historic commitment to wildlife conservation, Southern Company, along with the National Fish and Wildlife Foundation (NFWF) and other public and private partners, today announced new grants under the Gulf Coast Conservation Grants Program (GCCGP).
The NFWF program will support a wide variety of conservation projects – three of which are supported by Southern Company – focusing on enhancing coastal habitats and bolstering priority fish and wildlife populations along the Gulf of Mexico. Southern Company-sponsored grants will focus on restoring and maintaining the ecology of coastal bird species spanning Mississippi, Alabama and the Florida panhandle.
GCCGP's 2016 national grants are being awarded through a public-private partnership with NFWF, Southern Company's Power of Flight program, the Shell Marine Habitat Program, the U.S. Department of Agriculture's Natural Resources Conservation Service and other sources.
"By supporting the Gulf Coast Conservation Grants Program, Southern Company is continuing our tradition of making communities better because we are there," said Southern Company Chief Environmental Officer Dr. Larry S. Monroe. "Our Power of Flight program has worked to conserve critical bird species in the Southeast since 2003, and these new grants will provide data, tools, strategies and community-based stewardship actions that are essential to protecting coastal birds that make up the fabric of the Gulf Coast ecosystems."
Since 2003, Southern Company and NFWF have worked through the Power of Flight program to restore and enhance more than 476,000 acres of high-priority habitat for bird species, including the red-cockaded woodpecker, northern bobwhite quail, coastal birds and others. To date, 88 Power of Flight-supported projects have been implemented across the region served by the Southern Company system's electric-utility subsidiaries.
"We are excited to build on the successes achieved through the Power of Flight program with this latest round of grants from the Gulf Coast Conservation Grants Program," said Jeff Trandahl, executive director and CEO at NFWF. "Southern Company's commitment to conservation continues to benefit both wildlife and local communities."
The following organizations have been awarded GCCGP grants supported by Southern Company to enhance coastal watersheds and bolster wildlife populations of the Gulf Coast:
Operation Migration will conduct monitoring and outreach efforts in support of conserving the critically endangered whooping crane and building a self-sustaining population in the Southeast. Activities include tracking and monitoring young-of-year cranes following their release, as well as adult cranes in the population during north-south migration flights and spring nesting activities, and conducting web outreach to increase general awareness and provide migration progress updates.
The Smithsonian Conservation Biology Institute will map the distribution, abundance, timing and habitat affiliations of birds during the spring and fall migrations around the Gulf Coast using weather radar and citizen-collected (eBird) data. Resulting maps will be used by conservation planners and policymakers as decision support tools to develop Gulf-wide conservation priorities for North America's migratory birds.
Manomet Inc. will work with federal and state agencies and nongovernmental organizations to develop a framework to achieve long-term conservation and recovery goals for targeted species of coastal waterbirds across the Gulf Coast. The work will build on the Atlantic Flyway Shorebird Conservation Initiative Business Plan, American Oystercatcher Recovery Business Plan and the recently completed Florida Beach-Nesting Bird Plan. The framework will create strategies with associated actions and costs to guide coastal shorebird and waterbird conservation projects throughout the Gulf Coast region over the next decade.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/14/20167/13/2016 - Alabama Power declares dividends
Alabama Power declares dividends
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., July 13, 2016 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
Preferred Stock
($100 Par Value)
4.20% - $1.05 per share
4.52% - $1.13 per share
4.60% - $1.15 per share
4.64% - $1.16 per share
4.72% - $1.18 per share
4.92% - $1.23 per share
Class A Preferred Stock
($25 Capital Value)
5.83% - $.364375 per share
Preference Stock
($25 Capital Value)
6.45% - $.403125 per share
6.50% - $.406250 per share
These dividends are for the quarter ending September 30, 2016, payable October 1, 2016, to shareholders of record on September 16, 2016.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
SOURCE Alabama Power Company
Article Date
7/13/2016Southern Company celebrates transformational changes with ringing of NYSE closing bell
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 11, 2016 /PRNewswire/ -- Employees representing a half dozen of Southern Company's (NYSE: SO) electric and gas operating companies will join company leaders in New York City today to ring the closing bell at the New York Stock Exchange (NYSE). The event will serve as a celebration of recent changes that have reshaped the company – most notably the acquisition of AGL Resources, which is now Southern Company Gas.
"Southern Company is building America's energy future by evolving our business to better serve the customers who depend on us," said Chairman, President and CEO Thomas A. Fanning. "As we mark the addition of Southern Company Gas, we are pleased to share this special moment in our company's history with some of the hard-working men and women who deliver on our commitment to customers every day."
The NYSE closing bell will also serve as the first public event featuring the company's new brand, which was unveiled earlier today.
With operations in 18 states, the newly expanded Southern Company system now serves more than 9 million electric and gas customers. Through strategic investments such as the recent addition of PowerSecure, a national leader in distributed infrastructure, its continued commitment to energy innovation, and its leadership in developing the full portfolio of energy resources, the company is developing real solutions for the benefit of customers.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/11/20167/11/2016 - Southern Company unveils new brand
Southern Company unveils new brand
Source: PR Newswire
ATLANTA, July 11, 2016 /PRNewswire/ -- As Southern Company (NYSE: SO) expands its business model to increase its natural gas presence, the company today unveiled a new corporate brand. The company also announced that its newest subsidiary, AGL Resources, has been renamed Southern Company Gas.
"Southern Company's recent growth in natural gas has expanded our business beyond electricity, providing an excellent opportunity to review our brand," said Southern Company Chairman, President and CEO Thomas A. Fanning. "By adding Southern Company Gas while developing the full energy portfolio, Southern Company has doubled its customer base, expanded its footprint and broadened the scope of our business. Today we are a leading national energy company that is better positioned to deliver real solutions for customers."
Southern Company's electric utilities have served customers and communities in the Southeast for more than a century. With the recent merger with Southern Company Gas, the Southern Company system now operates in 18 states, serving more than 9 million customers, with a continued focus on creating real energy solutions to deliver clean, safe, reliable and affordable power.
Southern Company Gas is helping the Southern Company system best meet customers' energy needs today while providing for the development of tomorrow's energy infrastructure. For communities, the combined company is expanding its customer-focused business model. And for investors, the merger created a unique platform that is well-positioned to compete for growth across the energy value chain.
In addition, Southern Company recently acquired PowerSecure, a leader in distributed infrastructure development that specializes in the kinds of customer-facing energy solutions that are becoming increasingly important to many customers across America.
Southern Company's new brand represents the first design change in more than 20 years and is the result of research conducted by engaging employees, company leaders and other stakeholders as part of an extensive brand review.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the merger, including potential future growth across the energy value chain. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and Southern Company Gas believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the possibility that the anticipated benefits from the merger cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and Southern Company Gas will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on integration-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and Southern Company Gas' reports filed with the Securities and Exchange Commission.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A. in each of Southern Company's and Southern Company Gas' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and Southern Company Gas caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and Southern Company Gas, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or Southern Company Gas or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor Southern Company Gas undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
7/11/2016Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic venture
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
HOUSTON, July 10, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced a natural gas pipeline venture designed to advance both companies' leadership in energy infrastructure development through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system. In addition, the agreement commits the companies to cooperatively pursue specific growth opportunities to develop natural gas infrastructure for the strategic venture.
SNG is a 7,600-mile pipeline system connecting natural gas supply basins in Texas, Louisiana, Mississippi, Alabama and the Gulf of Mexico to markets in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee. SNG is a principal transporter of natural gas to Alabama, Georgia and South Carolina, which are part of one of the fastest-growing natural gas demand regions in the United States.
Southern Company, one of the nation's largest natural gas consumers and distributors, and Kinder Morgan, a recognized leader in natural gas pipeline development and operations, will work together to advance both companies' efforts to develop infrastructure important to America's energy future.
"This transaction is consistent with the infrastructure development strategy we have discussed for well over a year. The company's strategic venture with Kinder Morgan, combined with our recent additions, AGL Resources and PowerSecure, underscore Southern Company's leadership position in electricity and natural gas and our commitment to developing America's energy infrastructure," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Our new ownership stake in SNG will position Southern Company for future growth opportunities and enhanced access to natural gas, which are expected to benefit customers and investors alike."
"Southern Company has been a valued customer of SNG for many years and this agreement draws on the strengths of both companies," said Norman G. Holmes, president of Kinder Morgan South Region Pipelines. "We are very pleased to deepen our relationship with them and excited about the growth opportunities this strategic relationship will provide."
Steve Kean, Kinder Morgan president and chief executive officer, added, "We plan to use all of the proceeds from this transaction to reduce debt at KMI. This is another step towards achieving our stated goals of strengthening our balance sheet and positioning the company for long-term value creation."
Inclusive of existing SNG debt, the transaction equates to an SNG total enterprise value of approximately $4.15 billion which implies a value of $1.47 billion for Southern Company's 50 percent share of the equity interest. Southern Company expects to finance the initial purchase, as well as any related future growth opportunities in a credit-supportive manner.
The transaction is subject to the notification and clearance and reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The companies expect to complete the transaction in the third quarter or early in the fourth quarter of 2016.
Jones Day, Gibson Dunn & Crutcher LLP, Troutman Sanders LLP and Balch & Bingham LLP are serving as legal counsel to Southern Company, and Bracewell LLP and Weil, Gotshal & Manges LLP are serving as legal counsel to Kinder Morgan.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and approximately 180 terminals. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transaction, including future growth opportunities, financing plans for the transaction and the expected timing of the completion of the transaction. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company and Kinder Morgan believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the transaction may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized 4 or may take longer to realize than expected; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and Kinder Morgan's reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A. in Southern Company's and Kinder Morgan's Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company, Kinder Morgan or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor Kinder Morgan undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
7/10/2016Southern Company second-quarter earnings to be released July 27
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 8, 2016 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2016 by 7:30 a.m. EDT on Wednesday, July 27.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, July 27.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/8/2016Southern Company awarded for employee safety competition
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 8, 2016 /PRNewswire/ -- Southern Company has earned the 2016 Industry Excellence Award for Safety from the Southeastern Electric Exchange (SEE) for the company's "SO Safe" employee competition – a collaborative internal effort that generated more than 900 ideas to improve safety for the company and industry. SEE, an association of investor-owned electric utility companies, recognized Southern Company at an awards ceremony Wednesday, June 29 in New Orleans.
"The SO Safe competition was a natural extension of our company's commitment to ensuring the safety and health of all our employees," said Southern Company Chief Operating Officer Kimberly S. Greene. "Our employees together generated hundreds of innovative ideas to improve the most important part of our business – keeping the hard-working men and women of Southern Company safe."
SO Safe was launched in 2015 as an internal competition challenging employees to critically assess Southern Company's safety performance. The competition was designed to bolster the company's long-standing commitment to a culture of safety by institutionalizing an inventive spirit and encouraging collaboration across the enterprise.
Every employee across the system was invited to vote and provide rigorous feedback on the more than 900 ideas submitted, which culminated in six winners. The winning ideas are now moving to pilot stage for further development and possible implementation.
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/8/2016Southern Company subsidiary expands solar portfolio with acquisition in North Carolina
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 8, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power and Turner Renewable Energy today announced the acquisition of the companies' second solar project in North Carolina – the approximately 74-megawatt (MW) Rutherford Farm facility – from Cypress Creek Renewables.
"The strategic acquisition of the Rutherford Farm is another step in the development of our solar portfolio," said Southern Power President and CEO Buzz Miller. "This project aligns with our business model as we continue our growth as a renewable energy leader."
With more than 2,200 MW of renewable generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic acquisition or development of 30 solar, wind and biomass projects that are either in operation or under construction across the United States.
Ted Turner, owner of Turner Renewable Energy, first teamed with Southern Company through a subsidiary in January 2010 to form a strategic alliance to pursue development of renewable energy projects in the United States. This is Southern Power's 10th solar project with Turner Renewable Energy and brings the partnership's overall solar capacity to more than 415 MW.
"Turner Renewable Energy's trusted partnership with Southern Power continues to advance the development of renewable technologies across the country," said Turner. "We are pleased with our growing relationship and today's acquisition in North Carolina, which further expands the growth of solar energy."
Cypress Creek Renewables is developing and constructing the Rutherford Farm and will serve as the operations and maintenance contractor. Construction activities began in February, and the facility is expected to be commercially operational in December. The project will be covered by a long-term power purchase agreement.
Located on 489 acres in Rutherford County, Rutherford Farm is expected to consist of 289,104 fixed-tilt, monocrystalline solar panels manufactured by Trina Solar. Once operational, the facility is expected to be capable of generating enough electricity to help meet the energy needs of approximately 11,500 average North Carolina homes.
The Rutherford project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts. Southern Power supplies wholesale generation to more than 40 energy customers that serve more than 40 million end users across the country.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have the rights to 39 facilities operating or under construction in 10 states with more than 10,800 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Turner Renewable Energy
Turner Renewable Energy is wholly owned by Ted Turner. Turner Enterprises Inc., a private company, manages the business interests, land holdings and investments of Ted Turner, including the oversight of 2 million acres in 12 states and in Argentina, and more than 51,000 bison.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Rutherford Farm. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
7/8/2016Southern Company subsidiary acquires Lamesa Solar Facility in Texas
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 7, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of its third Texas solar project in less than a year – the 102-megawatt (MW) Lamesa Solar Facility – from RES America Developments Inc. (RES).
"The Lamesa project is an excellent fit for Southern Power's business model," said Southern Power President and CEO Buzz Miller. "We are committed to developing renewable energy sources and are pleased with the continued growth of our solar portfolio."
Southern Power will sell the electricity and associated renewable energy credits (RECs) generated by the facility under a 15-year power purchase agreement to the city of Garland.
With more than 2,200 MW of renewable generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic acquisition or development of 29 solar, wind and biomass projects that are either in operation or under construction across the United States. In all, the Southern Company system has added or announced more than 4,000 MW of renewable energy projects since 2012.
Southern Power supplies wholesale generation to more than 40 energy customers that serve more than 40 million end users across the country. The Lamesa project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
RES, which provides development, engineering, construction and operation services to renewable energy, energy storage and transmission markets across the Americas, co-developed the Lamesa project with the originating developer, BNB Renewable Energy Holdings. RES will construct and serve as the operations and maintenance contractor for the facility, which is located on 887 acres in Dawson County, Texas, and expected to consist of 410,000 photovoltaic solar panels.
Construction activities are set to begin in July, and the facility is expected to be commercially operational by mid-year 2017. Once operational, the facility is expected to be capable of generating enough electricity to help meet the energy needs of approximately 26,000 U.S. homes.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have the rights to 38 facilities operating or under construction in 10 states with more than 10,800 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Lamesa Solar Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
7/7/2016Southern Company and partners award 10 longleaf conservation grants
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 6, 2016 /PRNewswire/ -- Continuing its longstanding tradition of supporting natural resource conservation, Southern Company, in partnership with the National Fish and Wildlife Foundation (NFWF), today announced $4.3 million in grants to support, restore and enhance the longleaf ecosystem. The grants include funding for 10 projects in the Southeast states where Southern Company operates electric utilities.
The 2016 grants will support 21 projects that are a part of NFWF's Longleaf Stewardship Fund, a landmark public-private partnership that includes the U.S. Department of Agriculture's U.S. Forest Service and Natural Resources Conservation Service, the U.S. Department of Defense, the U.S. Fish and Wildlife Service, Southern Company, International Paper's Forestland Stewards Initiative and Altria.
These projects will ultimately restore more than 14,800 acres and enhance more than 230,000 additional acres of longleaf pine habitat across the historic longleaf range. The 10 projects supported by Southern Company will impact more than 194,000 acres, of which nearly 10,000 acres will be newly planted longleaf.
"Through collaborative partnerships with the National Fish and Wildlife Foundation and others, Southern Company is providing real solutions to aid in the restoration of the historic longleaf pine ecosystem," said Southern Company Chief Environmental Officer Dr. Larry S. Monroe. "We are proud to support this important effort to conserve and protect wildlife and habitat, benefiting the communities we are privileged to serve."
The Longleaf Stewardship Fund builds on the success of the Longleaf Legacy program, a partnership between Southern Company and NFWF, which for eight years invested more than $8.7 million in projects to restore more than 87,000 acres of longleaf pine forest and the native species that rely on the habitat. Another 20,000 acres were restored through the company's closely aligned Power of Flight program with NFWF.
"The $4.3 million in Longleaf Stewardship Fund grants announced today will build on the successes achieved through this powerful, longstanding public-private partnership," said Jeff Trandahl, executive director and CEO at NFWF. "The grants will support a range of critical conservation actions, including longleaf plantings, invasive species control and the use of prescribed fire for longleaf restoration. These projects will benefit a wide array of wildlife, including rare species such as the red-cockaded woodpecker, gopher tortoise, indigo snake and dusky gopher frog."
Unique to the United States, the majestic longleaf pine ecosystem once covered more than 90 million acres across nine states from Virginia to Texas, but had declined to less than 3 percent of its original area. With the diverse public-private commitment to longleaf pine restoration over recent years, longleaf pine forest acreage has increased from roughly 3 million acres to an estimated 4.7 million acres, halting and reversing a century-long decline and benefiting many threatened and endangered species.
Five of the 10 projects supported by Southern Company are located in significant geographic areas for longleaf pine conservation, which are areas anchored by federal lands including military bases, national forests and national wildlife areas.
The 2016 Longleaf Stewardship Fund projects supported by Southern Company include:
The Fort Stewart-Altamaha Longleaf Partnership (Georgia) will establish 171 acres of longleaf pine and improve an additional 12,000 acres of existing longleaf habitat with prescribed fire. Restoration efforts will improve habitat for gopher tortoise and other species on public and private lands within close proximity to Fort Stewart and Townsend Bombing Range. Partners will also build a network of landowners focusing on native groundcover restoration through prescribed burns, as well as native seed collection and planting.
The Okefenokee-Osceola Local Implementation Team (Georgia/Florida) will establish 300 acres of longleaf pine and improve management of an additional 61,250 acres of existing longleaf habitat on public and private lands. Management activities will reduce hazardous fuel loads in one of the most fire-prone areas of the U.S. Partners will continue a successful collaboration with the Jacksonville Job Corps Center to train young people to serve on longleaf restoration teams. Partners will also conduct longleaf restoration workshops for at least 200 private landowners.
The Apalachicola Regional Stewardship Alliance (Georgia/Florida) will plant 1,825 acres of longleaf pine and improve more than 21,000 acres of existing longleaf habitat through prescribed fire, removal of invasive plants and planting of native groundcover. Workshops will educate private landowners on groundcover restoration, fire planning and invasive species management, with financial assistance available for landowners interested in restoring longleaf on their lands. Partners will reintroduce eastern indigo snakes, a threatened species, on lands owned by The Nature Conservancy and monitor progress.
The Chattahoochee Fall Line Conservation Partnership (Georgia/Alabama) will accelerate and demonstrate longleaf pine conservation on more than 15,000 acres in Georgia and Alabama, with particular emphasis on privately owned land. Outcomes include planting longleaf on 1,900 acres and implementing prescribed fire on 13,800 acres, including lands protected around Fort Benning. Partners will engage with more than 2,000 private landowners, with at least five landowners committed to enrolling in financial assistance programs that will enhance at least 2,000 acres of longleaf pine habitat.
The Talladega Mountain Conservation Longleaf Partnership (Georgia/Alabama) will establish 236 acres of longleaf pine and improve 37,000 acres of existing longleaf habitat with prescribed fire. The project will increase capacity within the Dugdown corridor, allowing partners to develop a conservation plan, increase partnerships with private landowners and foster greater collaboration between conservation organizations and agencies working in Georgia and Alabama.
The Gulf Coastal Plain Ecosystem Partnership (Florida/Alabama) will plant 374 acres of longleaf pine and improve more than 36,000 acres of existing longleaf habitat with prescribed fire and other management practices. Restoration will take place on the Yellow River Ravines, an important corridor connecting Eglin Air Force Base to the larger Blackwater River State Forest/Conecuh National Forest complex, as well as other public and private lands benefiting the installation. Rare species recovery will center on the red-cockaded woodpecker, reticulated salamander, eastern indigo snake and gopher tortoise.
The American Forest Foundation, Alabama Department of Conservation and Natural Resources and partners (Alabama) will restore 700 acres of longleaf pine on the Coosa County Wildlife Management Area and engage and educate 2,000 adjacent family forest owners on sustainable forest management practices and longleaf restoration. The project will provide long-term habitat benefits to species of concern such as the red-cockaded woodpecker, while also providing technical assistance and outreach activities, including field days for private landowners.
The National Wildlife Federation and Alabama Wildlife Federation (Alabama) will restore and enhance 5,000 acres of longleaf pine habitat and advance longleaf mapping and measurement in Alabama. Ongoing project strategies include identifying priority areas where the impact of longleaf restoration is highest, providing landowners with technical assistance to develop conservation plans and offering educational opportunities including workshops and field days for private landowners.
The Land Trust for the Mississippi Coastal Plain and partners (Mississippi) will restore and enhance 527 acres of longleaf pine on the DeSoto National Forest and the Gopher Frog Tract to support the endangered dusky gopher frog. Partners will remove invasive species, thin trees, implement a fire regime and plant longleaf pine to promote better survival of endangered and threatened species. In addition, work with Mississippi Wildlife, Fisheries and Parks will provide a conservation area for translocated gopher tortoises on the Gopher Frog Tract once conditions are satisfactory for their return.
The Forest Landowners Association (Florida) will engage mid-to-large working forest landowners (1,000 to 100,000 acres), as well as companies that manage large forestland holdings for family owners, to identify opportunities for longleaf restoration and management. In addition to peer-to-peer meetings and forums, the project will foster communication between the association's member network, longleaf stakeholders and the U.S. Fish and Wildlife Service to help landowners understand and address regulatory barriers or disincentives to planting and maintaining longleaf pine.
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/6/2016Southern Company subsidiary acquires Henrietta Solar Project
Source: PR Newswire
ATLANTA, July 6, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power and SunPower Corp. today announced that Southern Power has acquired a controlling interest in the 102-megawatt (MW) Henrietta Solar Project in Kings County, California, from SunPower, which will own the remaining interest in the project.
"The acquisition of the Henrietta Solar Project underscores Southern Power's leadership in developing renewable energy," said Southern Power President and CEO Buzz Miller. "Through strategic partnerships, including with SunPower, we continue to accelerate our solar generation growth in California."
The Henrietta Solar Project represents Southern Power's first joint venture with SunPower, which developed, designed and is constructing the facility and will operate and maintain it upon completion. Construction began in May 2015, and the project is expected to be fully operational in the third quarter of this year.
"With over 30 years' experience and more than 2.5 gigawatts of innovative solar power plants operating around the world, SunPower is a global leader driving the adoption of reliable, cost-effective solar power at utility scale," said SunPower CEO Tom Werner. "We are proud to partner with Southern Power to deliver long-term value for the utility, its customer, and the California homes and businesses that will benefit from the emission-free power generated by the Henrietta Solar Project."
Existing Southern Power customer Pacific Gas and Electric Company will purchase the electricity and associated renewable energy credits (RECs) generated by the facility under a 20-year power purchase agreement.
SunPower is constructing a SunPower® Oasis® Power Plant system at the approximately 670-acre Henrietta site. Oasis is a fully-integrated, modular solar power block that is engineered to rapidly and cost-effectively deploy utility-scale solar projects while optimizing land use. Once operational, the facility is expected to be capable of generating enough electricity to help meet the energy needs of approximately 24,000 average U.S. homes.
The Henrietta Solar Project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts. With more than 2,100 MW of renewable generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic acquisition or development of 28 solar, wind and biomass projects that are either in operation or under construction across the United States. The Henrietta Solar Project marks Southern Power's 11th solar project in California and is the company's first acquisition in Kings County.
Southern Power provides wholesale generation to more than 40 energy providers that serve more than 40 million customers across the country.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and other energy customers. Southern Power and its subsidiaries own or have the rights to 37 facilities operating or under construction in 10 states with more than 10,700 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About SunPower
As one of the world's most innovative and sustainable energy companies, SunPower (Nasdaq: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Southern Company and Southern Power
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Henrietta Solar project. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SunPower
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding expected project timelines, projected energy output, and expected cost savings. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing and maintaining certain of our large projects, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
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SOURCE Southern Company
Article Date
7/6/2016Southern Company statement regarding New York Times report on subsidiary Mississippi Power's Kemper project
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 5, 2016 /PRNewswire/ -- The following is a statement from Southern Company on the July 5 New York Times article regarding the Kemper County energy facility:
Southern Company is proudly inventing America's – and the world's – energy future through the development of the world's most advanced coal plant, Mississippi Power's Kemper County energy facility. The result of decades of robust, proprietary research and development, the Kemper project has garnered enormous support from energy leaders across the U.S. and around the world. And Mississippi Power is completing the project with an unwavering focus on safety and quality.
Rather than educate readers on the worldwide benefits of this cutting-edge, first-of-its-kind facility, today's New York Times article on the Kemper project provides a negative recap of previously disclosed developments that have already been addressed.
The only element of today's story that is actually new to the public discussion is the content from the former employee's secret recordings of private conversations with current company employees. In drawing from the recordings, the Times captured specific phrases from sometimes years-old conversations – without providing appropriate context – to achieve a pre-determined objective and tone.
In an apparent attempt to deliver a pre-conceived narrative, the article also fails to mention key facts communicated to the reporter that would have clearly illustrated the company's commitment to completing the project the right way for the benefit of customers. For example, faced with challenges indicative of a first-of-its-kind project, Southern Company has taken charges totaling $2.5 billion, helping ensure the project will deliver the same value to Mississippi Power customers as initially intended.
Despite the company's unequivocal belief that the Kemper project is the right project for Mississippi, history tells us that any undertaking this large is bound to have some detractors. While we have found that the plant's supporters far outnumber its critics, we actively listen to all sides, taking questions regarding the successful completion of the project very seriously. Through our rigorous project oversight efforts – which include regular, detailed analysis by all levels of company leadership and state regulators – the company has investigated, addressed and publicly acknowledged every founded concern regarding the safe and successful completion of the project.
It is important to note that the company has previously investigated concerns raised by former employee Brett Wingo, who serves as the primary source in the article, both through its internal employee concerns process and by engaging a third party. In addition to its internal investigation, the company sought outside counsel to conduct a separate investigation of concerns he reported to further ensure the integrity and reliability of its internal investigation findings. The investigations into Wingo's concerns both reached the same conclusion – that his concerns were unsubstantiated and not otherwise supported by the facts.
The company is also aware that Wingo has raised similar concerns with the Mississippi Public Utilities Staff and that, in 2015, the staff conducted an inquiry based on those concerns. Since the time the former employee first raised his concerns internally – and, subsequently, in more public forums – the company has continued to monitor and investigate his reports. There is nothing in his initial or repeated statements which has in any way changed the company's conclusion that his concerns were unsupported.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
7/5/2016Southern Company subsidiary expands renewable portfolio with wind acquisition in Maine
Source: PR Newswire
ATLANTA, July 5, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of the company's first project in Maine – the Passadumkeag Windpark in Penobscot County with a nameplate capacity of approximately 43 megawatts (MW) – from an affiliate of Quantum Utility Generation.
"Southern Power's acquisition of Passadumkeag Windpark extends our national presence to 10 states and further solidifies our position as America's premier wholesale energy partner," said Southern Power President and CEO Buzz Miller. "This exciting project adds to a dynamic renewable energy portfolio that is delivering clean, safe, reliable and affordable generation to wholesale customers across the country."
The majority of the electricity and associated renewable energy credits (RECs) generated by the facility are sold under a 15-year power purchase agreement to Eversource Energy. Southern Power will retain a small percentage of the electricity and RECs generated, which it may keep or sell.
Quantum Utility Generation developed and constructed the project, and EDF Renewable Services will serve as the balance-of-plant operations and maintenance contractor. Construction activities began in 2015 and are expected to be completed shortly after this acquisition.
The project consists of 13 wind turbines manufactured by Vestas-American Wind Technology Inc. Once operational, the Passadumkeag Windpark is expected to be capable of generating enough electricity to help meet the energy needs of approximately 14,000 average U.S. homes.
With more than 2,000 MW of renewable generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic acquisition or development of 27 solar, wind and biomass projects that are either in operation or under construction across the United States. In all, the Southern Company system has added or announced more than 4,000 MW of renewable energy projects since 2012.
Southern Power now supplies wholesale generation to more than 40 energy providers that serve more than 40 million customers across the country. The Passadumkeag project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have the rights to 36 facilities operating or under construction in 10 states with more than 10,600 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Passadumkeag Windpark. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
7/5/2016Southern Company and AGL Resources complete merger, create a leading U.S. energy company
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, July 1, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources today announced the completion of a merger creating one of America's leading energy providers.
"This merger brings together two utilities recognized for outstanding reliability, world-class customer service and a commitment to inventing America's energy future," said Southern Company Chairman, President and CEO Thomas A. Fanning. "The strategic combination of industry leaders with similar business models and values enhances our ability to serve customers and communities as we together deliver tomorrow's energy solutions."
AGL Resources has become a wholly owned subsidiary of Southern Company, which now has 11 electric and natural gas utilities with operations across the U.S. The addition of AGL Resources' network of natural gas assets and businesses provides a broader, more robust platform for long-term success.
"Southern Company is now positioned to deliver even greater customer and shareholder value by playing offense in developing the infrastructure necessary to meet America's growing demand for natural gas," said Fanning.
Southern Company is now the second-largest utility company in the U.S. in terms of customer base with:
The combined company serves utility customers in nine states – Alabama, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Tennessee and Virginia – and has wholesale electricity generation and natural gas services, retail energy services and natural gas storage operations across the U.S.
"AGL Resources is delighted to be a part of the Southern Company family," said AGL Resources President and CEO Andrew W. Evans. "Together, we will make our employees, our customers, our investors and our neighbors proud to be connected with us. Our collective determination to support and improve the communities where we do business will only be enhanced as we move forward together as one company. Clearly, this merger is a logical fit for both companies."
For customers, this combination is expected to help the Southern Company system better meet their energy needs over time by improving current and future energy infrastructure development. For communities, it provides for the expansion of the company's customer-focused business model. And for investors, this merger creates a unique platform that is well-positioned to compete for growth across the energy value chain.
Under the terms of the agreement, on July 1, each share of AGL Resources common stock was canceled and converted into the right to receive $66.00 in cash, for a total purchase price of approximately $8 billion. AGL Resources common stock will cease trading on the New York Stock Exchange immediately prior to market open on July 1. Additional information for AGL Resources shareholders can be found at http://investor.southerncompany.com.
As is the case with Southern Company's other operating subsidiaries, AGL Resources will continue to maintain its own management team, board of directors and corporate headquarters, located in Atlanta. Customers will continue to be served by their current gas and electric utility companies.
Citigroup Global Markets Inc. served as the exclusive financial advisor and Jones Day, Gibson Dunn & Crutcher LLP and Troutman Sanders LLP served as legal counsel to Southern Company. Goldman, Sachs & Co. served as the exclusive financial advisor and Cravath, Swaine & Moore LLP served as legal counsel to AGL Resources.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transaction, including expected customer and shareholder value. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on integration-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission (the "SEC").
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A. in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
7/1/2016Alliant Energy Set to Join the S&P 500; Southwest Gas to Join S&P MidCap 400; Shutterstock to Join S&P SmallCap 600
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
NEW YORK, June 29, 2016 /PRNewswire/ -- S&P MidCap 400 constituent Alliant Energy Corp. (NYSE: LNT) will replace AGL Resources Inc. (NYSE: GAS) in the S&P 500, S&P SmallCap 600 constituent Southwest Gas Corp. (NYSE: SWX) will replace Alliant Energy in the S&P MidCap 400, and Shutterstock Inc. (NYSE: SSTK) will replace Southwest Gas in the S&P SmallCap 600 after the close of trading on Thursday, June 30. S&P 100 & 500 constituent Southern Co. (NYSE: SO) is acquiring AGL Resources in a deal expected to be completed soon, pending final conditions.
Alliant Energy provides regulated electricity and natural gas services to residential, commercial, industrial, and wholesale customers. Headquartered in Madison, WI, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electric Utilities Sub-Industry index.
Southwest Gas purchases, distributes, and transports natural gas. Headquartered in Las Vegas, NV, the company will be added to the S&P MidCap 400 GICS Gas Utilities Sub-Industry index.
Shutterstock provides content products and services, and offers digital imagery services used in visual communications. Headquartered in New York, NY, the Company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – June 30, 2016 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Alliant Energy |
Utilities |
Electric Utilities |
|
DELETED |
AGL Resources |
Utilities |
Gas Utilities |
|
S&P MIDCAP 400 INDEX – June 30, 2016 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Southwest Gas |
Utilities |
Gas Utilities |
|
DELETED |
Alliant Energy |
Utilities |
Electric Utilities |
|
S&P SMALLCAP 600 INDEX – June 30, 2016 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Shutterstock |
Information Technology |
Internet Software & |
|
DELETED |
Southwest Gas |
Utilities |
Gas Utilities |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
SOURCE S&P Dow Jones Indices
Article Date
6/29/20166/29/2016 - Southern Company, AGL Resources receive final merger approval from New Jersey regulators
Southern Company, AGL Resources receive final merger approval from New Jersey regulators
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 29, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) have received unanimous regulatory approval of the companies' proposed merger from the New Jersey Board of Public Utilities (BPU), which settles all issues in the proceeding.
AGL Resources is the parent company of Elizabethtown Gas, a regulated utility providing natural gas distribution services to customers in New Jersey.
The BPU's decision represents the final regulatory approval needed to close the previously announced merger, which was unanimously approved by state regulators in each of the six required jurisdictions in just 10 months. Subject to the satisfaction of other customary closing conditions, Southern Company and AGL Resources intend to close the transaction on or around July 1.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the risk that a condition to closing of the merger may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015 and subsequent filings. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
6/29/2016Unit 4 CA05 module placed at Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 28, 2016 /PRNewswire/ -- Georgia Power announced today the latest milestone in the construction of Vogtle 3 & 4 near Waynesboro, Georgia – the safe placement of the CA05 module for Unit 4. The module, which is nearly 27-feet high and weighs 90-tons or 180,000 pounds, is housed within the Unit 4 containment building. The CA05 module is comprised of eight reinforced steel plates which are welded together and will be filled with concrete to provide structural support for the containment building. In addition to providing structural support, the protective walls of CA05 will also separate various rooms in containment.
The placement of the CA05 module is one of many recent construction milestones at the site. Other recently completed milestones include the placement of the KBO4 module in the Unit 4 auxiliary building. KBO4, which is designed to process and discharge waste gas, is the first mechanical module to be installed in the Unit 4 nuclear island. In addition, workers recently completed the placement of 230 cubic yards of concrete within the Unit 3 nuclear island, which prepares it for the next round of shield building panel installation.
The Vogtle project is the state's largest job-producing construction project with more than 5,000 construction workers onsite and 800 permanent jobs expected once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, expected benefits, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
6/28/2016Southern Company subsidiary completes issuance of EUR1.1 billion of Green Bonds
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 20, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power has completed the issuance of €1.1 billion aggregate principal amount of Green Bonds, furthering the company's commitment to supporting investment in sustainable generation. The Green Bond issuance underscores the company's commitment to innovation as the Southern Company system further develops the full portfolio of energy resources.
An amount equal to the U.S. dollar equivalent of the net proceeds of the offering (approximately $1.2 billion) will be allocated to renewable energy generation projects, including financing of, or investments in, solar and wind power generation facilities located in the United States.
"Southern Power is an industry leader in growing renewable energy projects across the United States," said Southern Power President and CEO Buzz Miller. "Our company's issuance of Green Bonds builds on our commitment to sustainable generation as America's premier wholesale energy partner."
In a separate offering last year, Southern Power became the first investment-grade electric utility in the United States to offer this type of security to support investment in sustainable generation. The company completed the issuance of $1 billion aggregate principal amount of Green Bonds in November.
Southern Power assembled its nationally recognized green energy portfolio – with more than 2,000 megawatts (MW) of generating capacity owned, under development or under contract – through the strategic development or acquisition of 26 solar, wind and biomass projects across the United States. In all, the Southern Company system has added or announced more than 3,800 MW of renewable projects since 2012.
Southern Company and its subsidiaries, including Southern Power, demonstrate a commitment to sustainability practices by providing clean, safe, reliable and affordable energy, and have committed $20 billion to developing the full-portfolio of low- and zero-carbon emission generating resources. This is further evident system-wide through environmental stewardship, committed governance, and social and corporate responsibility.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have the rights to 35 facilities operating or under construction in 9 states with more than 10,600 MW of generating capacity in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of pending acquisitions and construction projects and the use of proceeds from the offering. Southern Power Company ("Southern Power") cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Power's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws regulating emissions, discharges and disposal to air, water and land, and also changes in tax and other laws and regulations to which Southern Power or its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including, without limitation, Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Power or its subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy environmental performance standards and the requirements of tax credits and other incentives; advances in technology; state and federal rate regulations; the ability to successfully operate generating facilities and the successful performance of necessary corporate functions; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Power; the ability of counterparties of Southern Power or its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on Southern Power's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Power's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general; the ability of Southern Power to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on Southern Power's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies.
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SOURCE Southern Company
Article Date
6/20/20162016 Clean Energy Roadshow to highlight new energy technologies
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 16, 2016 /PRNewswire/ -- For the sixth consecutive year, Georgia Power will join other energy and service companies, auto manufacturers, business and government leaders, and Commissioner Tim Echols of the Georgia Public Service Commission (PSC) for the 2016 Clean Energy Roadshow. During the roadshow, representatives from various companies and organizations will be on hand to answer questions and provide information on energy topics ranging from the state's energy outlook to electric vehicles (EVs) to clean power generation including solar energy.
Eight local stops throughout June and July will feature product demonstrations, seminars and more. Scheduled events include:
All events are free and open to the public with most events beginning at 9 a.m. For a detailed schedule and to register to attend, visit www.CleanEnergyRoadshow.com.
With increasing numbers of EVs on Georgia's roads every day, Georgia Power encourages customers to consider the exceptional value of driving electric and offers a variety of rebates and incentives for business and residential customers, as well as a special electric rate for EV drivers. The company is also in the process of developing public charging infrastructure across the state to make driving electric more convenient than ever. To learn more, visit www.GeorgiaPower.com/EV.
Georgia Power continues to add cost effective solar energy through programs designed to prevent upward pressure on customer rates. In coordination with the Georgia PSC, hundreds of thousands of new solar panels are being installed across the state, further diversifying Georgia's energy mix. Most recently, Georgia Power proposed 525 MW of new renewable generation by 2019 and new demonstration projects to study wind and solar generation opportunities as part of its 2016 Integrated Resource Plan (IRP), currently under review by the Georgia PSC. To learn more, and access interactive solar tools, visit www.georgiapower.com/solar.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
6/16/2016Georgia Power to cease operations of all coal ash ponds within 3 years
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 13, 2016 /PRNewswire/ -- Georgia Power today announced the latest update on its ash pond closure strategy and provided new details on the timeline and engineering methods being used for all 29 of its ash ponds.
All of the company's 29 ash ponds across the state will cease operations and stop receiving coal ash within the next three years. Additionally, the company is completely removing the ash from 16 ponds located adjacent to lakes or rivers where advanced engineering methods, such as the installation of impermeable concrete barriers designed to isolate the closed pond from groundwater, may not be feasible. The ash from these ponds will either be relocated to a permitted landfill, consolidated with other closing ash ponds or recycled for beneficial use. (Approximately 50 percent of the coal ash Georgia Power produces today is recycled for various uses such as Portland cement, concrete, and cinder blocks.) The company's remaining 13 ash ponds will be closed in place using advanced engineering methods.
Click here to view a chart of all 29 ash ponds.
"We are aggressively working to close our ash ponds as quickly and safely as possible to meet EPA's new standards for handling coal ash," said Dr. Mark Berry, vice president of environmental affairs for Georgia Power. "As part of our strategy, we are also leveraging advanced technologies and engineering practices to ensure additional measures are in place that are protective of groundwater."
Throughout the closure process, Georgia Power is monitoring groundwater around all of its ash ponds and will report results to the Georgia Environmental Protection Division. Additionally, more than 500 groundwater monitoring wells will continue to operate even after the ponds are closed.
Ash pond closures are site-specific and balance multiple factors such as pond size, location, geology, and amount of material; and each closure will be certified by a team of independent, professional engineers. Additionally, the company must also ensure reliable electricity for customers during the significant construction work that must take place within each generating plant in order to accommodate the handling of dry ash and complete the ash pond closure process.
Georgia Power delivers clean, safe, reliable and affordable energy through a diverse generation mix, which includes renewable energy, such as wind and solar, along with natural gas, nuclear and coal-fired generation. Over the last five years, Georgia Power has safely retired or fuel-switched approximately 4,000 MW of coal and oil-fired generation and the company's coal-fired generation capacity is nearly half of what it was in 2005.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost overruns during the development and construction of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
6/13/2016Southern Company among "Best Places to Work in IT" for a decade
Source: PR Newswire
ATLANTA, June 13, 2016 /PRNewswire/ -- Southern Company today announced that for the 10th consecutive year IDG's Computerworld has recognized the company as one of the best workplaces for information technology professionals. In this year's annual ranking of the 100 "Best Places to Work in IT," Southern Company was the highest-rated "large" utility company.
"Technology is more important to delivering products and services to the customers we serve than ever before," said Southern Company Executive Vice President and Chief Information Officer Martin B. Davis. "We are particularly honored to be recognized for a full decade as one of the best places for technology professionals to work, which underscores our longstanding commitment to innovation and our culture of employee excellence and growth."
Computerworld's 2016 "Best Places to Work in IT" feature ranks the top 100 work environments for technology professionals based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, training and retention.
In addition, Computerworld conducted extensive surveys of IT workers, which accounted for approximately half of the total scoring. More than 23,000 IT employees from the final 100 companies across the country completed the Computerworld survey. The employee survey included topics such as satisfaction with training and development programs, compensation, benefits and work/life balance.
"The organizations on this year's Best Places to Work in IT list excel at creating a dynamic and satisfying IT work environment," said Scot Finnie, editor in chief of Computerworld. "In a competitive market for tech talent, these outstanding employers are able to attract highly skilled IT pros by offering great benefits, new learning opportunities, access to cutting-edge technologies and challenging, business-critical projects."
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com
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SOURCE Southern Company
Article Date
6/13/2016Final reactor coolant pump for Vogtle Unit 3 arrives
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 10, 2016 /PRNewswire/ -- Georgia Power announced today the latest milestone in the construction of Vogtle 3 & 4 near Waynesboro, Georgia – the delivery of the final reactor coolant pump for Unit 3. The pump, weighing 187.5 tons, or 375,000 pounds, is the last of the four pumps to arrive for Unit 3 at the site via truck from Curtiss-Wright Corporation in Cheswick, Pennsylvania. Reactor coolant pumps are a critical component of the AP1000 design as they circulate hot primary-circuit water within the reactor.
In addition to the arrival of the reactor coolant pumps, construction progress continues across the site including the setting of CA03 and CA02 inside the Unit 3 nuclear island, which completes the placement of the "Big Six" modules for Unit 3, and the vertical completion of the Unit 4 cooling tower to a final height of 601 feet. The company has posted the latest images of progress at the site in the online photo gallery which includes elevated photos of the Unit 3 and 4 nuclear islands and an updated aerial of the construction site and a view inside the Module Assembly Building (MAB) where the Unit 4 CA01 module is under fabrication.
The Vogtle project is the state's largest job-producing construction project with more than 5,000 construction workers onsite and 800 permanent jobs once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
6/10/2016Stay cool, save money this summer with tips from Georgia Power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 9, 2016 /PRNewswire/ -- As the summer heat descends with temperatures forecasted into the 90s, Georgia Power reminds customers that focusing on energy efficiency can help them stay cool, and save money, throughout the hottest months of the year.
Simple tips from Georgia Power include:
For more money and energy-saving tips, as well as rebates and incentives, visit www.GeorgiaPower.com/Save. At home or on the go, follow @GeorgiaPower on Twitter #SaveEnergy for additional tips, as well as updates on severe weather and power outages throughout the summer.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
6/9/2016Southern Company, AGL Resources receive merger approval from Illinois regulators
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 7, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) have received unanimous regulatory approval of the companies' proposed merger from the Illinois Commerce Commission, with all intervening parties in support of the previously announced settlement agreements.
AGL Resources is the parent company of Nicor Gas, which provides approximately 2.2 million customers with natural gas services in northern Illinois.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
The companies expect to complete the transaction in the second half of 2016. For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of the merger may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015 and subsequent filings. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
6/7/2016Georgia Power celebrates fifth anniversary of Commercial Energy Efficiency program
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 3, 2016 /PRNewswire/ -- Georgia Power is celebrating the fifth anniversary of its signature Commercial Energy Efficiency program in 2016. Since its launch in 2011, the program has helped thousands of business and commercial customers save money and energy through consultations and resources with additional rebates for incorporating energy efficiency improvements. 2015 was the program's most successful year yet with more than $12 million in rebates issued to Georgia businesses and customers reducing total energy use by more than 307 million kilowatt hours – enough energy to power a 50-inch plasma TV continuously for more than 70,000 years.
"A consistent focus on energy efficiency in facility improvements, even minor adjustments, can yield substantial savings for large customers," said Michele Wagner, energy efficiency director for Georgia Power. "The Commercial Energy Efficiency program has been so successful in just a short period because of its thoughtful combination of resources and rebates as well as customized programs with personalized service."
Organizations and companies which have engaged in the Commercial Energy Efficiency program are broad and diverse. Customers enjoying energy savings through the program include AT&T, Hartsfield-Jackson Atlanta International Airport, Delta, Kroger, the University of Georgia and Walmart. Some of the most popular energy efficiency upgrades include new construction lighting and lighting retrofits, energy efficient HVAC systems and upgrading to LED refrigerated case lighting.
Georgia Power's Commercial Energy Efficiency program offers educational resources and rebates to all commercial customers including school systems, universities, hospitals, museums and many more. To learn more about saving energy and money with Georgia Power, visit www.georgiapower.com/commercialsavings.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
6/3/2016Georgia Power's 30-MW solar facility at Fort Benning now online
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, June 1, 2016 /PRNewswire/ -- Georgia Power, the U.S. Army, the Army Office of Energy Initiatives (OEI), the General Services Administration and the Georgia Public Service Commission (PSC) today marked the start of operations of a new 30 megawatt (MW) solar project at Fort Benning, near Columbus, Georgia. The facility is the first of five on-base military solar projects currently being developed by Georgia Power in coordination with the Army and the Department of the Navy (DON).
"Since we first broke ground a year ago, this site has been transformed into a state-of-the-art solar facility that will deliver clean, reliable and affordable energy to our customers for years to come," said Norrie McKenzie, vice president of renewable development for Georgia Power at the event. "We look forward to seeing the rest of our military solar projects come online within the next year, and the positive benefits they will bring not only for our customers, but for the bases and local communities."
Other speakers at the event included Congressman Sanford D. Bishop, Jr.; the Honorable Katherine G. Hammack (Assistant Secretary of the Army for Installations, Energy & Environment); Michael F. McGhee, (Executive Director, Army OEI); Brigadier General Eric J. Wesley, (Army Maneuver Center of Excellence); and Commissioner Stan Wise (Georgia PSC).
Speaking on behalf of the elected members of the Georgia PSC, Commissioner Wise noted the Commission's efforts to bring viable solar projects to Georgia and to encourage solar development while keeping electric rates low for customers. Speakers also noted the importance of the project to Georgia, as well as the extensive collaboration needed between the utility, the Georgia PSC and the Army to complete the project.
Georgia Power built, owns and operates the facility with power delivered to the state's electric grid at or below the company's avoided cost, the amount projected it would cost the company to generate comparable energy from other sources. The solar project at Fort Benning is estimated to represent a $75 million investment at the installation and will enable the Army to meet critical energy and security goals. The 200-plus acre Fort Benning solar site uses nearly 134,000 photovoltaic panels to produce energy for Georgia homes and businesses.
In addition to this project, Georgia Power continues to add solar to its generation portfolio through programs designed to prevent upward pressure on customer rates. In coordination with the Georgia PSC, thousands of new solar panels are being installed across Georgia as part of the Marine Corps Logistics Base Albany and Naval Submarine Base Kings Bay projects with the DON; at Forts Benning, Gordon and Stewart with the Army; and through the competitive Advanced Solar Initiative (ASI). Most recently, Georgia Power proposed 525 MW of new renewable generation by 2019 and new demonstration projects to study wind and solar generation opportunities as part of its 2016 Integrated Resource Plan (IRP), currently under review by the Georgia PSC.
A leader in renewable development, Georgia Power was recently named to the Smart Electric Power Alliance's (SEPA) annual Top 10 Utility Solar list in recognition of solar connections to the state's electric grid in 2015 and was previously named the 2014 Investor-Owned Utility of the Year by the organization. To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.georgiapower.com/solar.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of the solar projects. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
6/1/20165/31/2016 - Last of "Big 6" modules placed for Vogtle Unit 3
Last of "Big 6" modules placed for Vogtle Unit 3
Source: PR Newswire
ATLANTA, May 31, 2016 /PRNewswire/ -- Georgia Power today announced the safe placement of the last of the "Big 6" modules in the nuclear island for Unit 3 – CA02 and CA03. The modules, weighing 52 tons and 237 tons respectively, are critical components and part of the In-Containment Refueling Water Storage Tank (IRWST). The IRWST is a 75,300 cubic foot tank that, once the units are operational, is filled with borated water and provides passive heatsink within containment and backup cooling for the reactor vessel.
Both modules were assembled onsite, moved to the nuclear island as single pieces and lifted into place by a 560-foot tall heavy lift derrick, one of the largest cranes in the world. The "Big 6" modules for Unit 3 also include the previously placed CA01, CA04, CA05 and CA20.
In addition to the placement of the latest modules, vertical construction of the Unit 4 cooling tower is now complete at 601 feet. As part of the plant's water circulation and cooling process, cooling towers improve efficiency and reduce the volume of water used to operate the plant.
Expanding Plant Vogtle is part of Georgia Power's long-term plan to provide safe, clean, reliable and affordable energy to meet the growing energy needs of Georgia. The Vogtle expansion is the largest construction project in Georgia with more than 5,000 workers onsite today and 800 permanent future jobs. When the new units join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
5/31/20165/26/2016 - Southern Nuclear wins numerous honors for innovative developments for the nuclear industry
Southern Nuclear wins numerous honors for innovative developments for the nuclear industry
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., May 26, 2016 /PRNewswire/ -- Earlier this week, three teams from Southern Nuclear were each honored with a Top Innovative Practice (TIP) award at a ceremony in Miami in conjunction with the Nuclear Energy Institute's 63rd Annual Industry Conference and Supplier Expo: Nuclear Energy Assembly. TIP awards are the nuclear industry's highest honor.
Entries from across the industry were selected for four vendor awards and eight process awards. Southern Nuclear's development of equipment for evaluating shroud cracking in boiler water reactors at Plant Hatch won the GE Hitachi vendor award. In partnership with colleagues across the industry, the entry for response to post-Fukushima seismic safety won a process award for Plant Support. Finally, Southern Nuclear's National SAFER Response Center solution received a special recognition for its impact on the entire industry.
"I was excited to see our teams receive awards for their innovative work in achieving excellence in performance by utilizing researched-based solutions," said Steve Kuczynski, President and CEO of Southern Nuclear. "Our teams demonstrated leadership by considering impacts, benefits and results to strategically solve problems, and these awards are a testament to our commitment in delivering nuclear's promise of clean, safe, affordable and reliable energy."
Following are descriptions of the award-winning innovations by Southern Nuclear employees.
Hatch Shroud
Denver Atwood, Alliance Vendor Manager; DeLisa Pournaras, Materials Principle Engineer; Eric Stinnett, Site Project Lead; Andrew Gordon, BWRVIP Engineer; Kevin White, Senior Nuclear Technical Specialist
The nuclear units at Plant Hatch are boiling water reactors, and operators of BWRs throughout the industry have observed indications of cracking of the core shroud from intergranular stress corrosion. Indications of cracking have been observed primarily on the inside diameter of the core shroud and in orientations that standard ultrasonic inspection techniques and equipment were not designed to detect.
A qualified technique to interrogate indications outside the heat-affected zone (HAZ) and at off-axis angles did not exist in the industry.
Southern Nuclear worked in collaboration with the Boiling Water Reactor Vessel Internals Project and GE Hitachi to develop and demonstrate a new phased array ultrasonic tool and technique that "followed" indications outside the HAZ and at angles that were not perpendicular or parallel to welds. The equipment also has the ability to physically scribe a location on the material at a site of interest. Plant Hatch used this tool and technique to verify there were no issues with the core shroud of units 1 and 2, and the tool and technique have benefitted the industry in maintaining the highest level of safety and integrity of the core shroud in BWRs.
Post-Fukushima Seismic
Melanie Brown, Fleet Design Engineer, in partnership with colleagues across the industry
As a result of the Seismic Special Operations Team's steadfast efforts and determination, the nuclear industry has made extensive progress in reaffirming and enhancing seismic safety following the accident at the Fukushima Daiichi nuclear power plant. The team proposed and built a compelling coordination, cost control and quality of end result charter to take the entire U.S. nuclear energy industry lock-step through resolution of the post-Fukushima seismic requirements. This provided clarity in path, lessons learned, teamwork and compounding benefits for an approach where all utilities implemented a consistent resolution for their company/station. This led to significant shared accomplishment, progress, innovation and continuous learning.
The U.S. nuclear energy industry has a simple, yet effective, approach to seismic safety: expect the unexpected and prepare for it. Nuclear plants are designed and built with layer upon layer of protection against earthquakes. The FLEX approach – developed based on lessons learned from the Fukushima accident – builds on existing safety approaches to provide another layer of backup safety equipment in multiple locations, both at plant sites and at national response centers in Phoenix and Memphis.
SAFER
David Crawley, PIM SAFER Project Manager; John Giddens, Licensing Project Manager; and Jim Ripple, Supply Chain Director
Pooled Equipment Inventory Co. partnered with AREVA Inc. to develop the National SAFER Response Center (NSRC) strategy as the industry's offsite response to Beyond Design Basis External Event preparedness. The NSRC strategy consists of two emergency response centers, one in Memphis and one in Phoenix. Each of these secure, 80,000-square-foot facilities has five sets of equipment that can be transported by truck or air to a plant site anywhere in the United States in 24 hours.
The equipment at the centers is the same as the equipment at the plant sites. It would only be sent if something happened to the existing onsite equipment and onsite backup equipment during an extreme and unexpected event. The backup equipment – both at the plant sites and the emergency response centers – ensures that plant operators can maintain key safety functions even if offsite power sources are curtailed. It will be used to maintain reactor core cooling, used fuel pool cooling and containment integrity.
This TIP Award represents the success of a special first-of-a-kind project through creative solutions.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear;
www.southerncompany.com/southernnuclear
About Southern Company:
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com
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SOURCE Southern Nuclear
Article Date
5/26/2016Southern Company elects Larry D. Thompson its lead independent director
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 25, 2016 /PRNewswire/ -- Southern Company today announced the election of Larry D. Thompson as lead independent director of its board of directors.
A member of the Southern Company board of directors from 2010 through 2012, Thompson rejoined the company's board in 2014. He currently serves as a John A. Sibley professor of corporate and business law at The University of Georgia School of Law.
Thompson previously served as deputy attorney general in the U.S. Department of Justice and led the department's National Security Coordination Council. In 2002, President George W. Bush named Thompson to head the Corporate Fraud Task Force.
His broad-ranging legal career has also included serving as a litigator at the Atlanta, Georgia law firm of King & Spalding LLP – where he was named partner in 1986; chairing the Judicial Review Commission on Foreign Asset Control; being named an independent counsel for the Department of Housing and Urban Development; serving as the U.S. attorney for the Northern District of Georgia; and acting as a member of the attorney general's Economic Crime Council.
Thompson has also served as executive vice president of government affairs, general counsel and corporate secretary of PepsiCo, Inc. and as a senior fellow with The Brookings Institution, a nonprofit public policy think tank based in Washington, D.C.
"Success in business today requires a deep understanding of how to address changing laws and regulations," said Southern Company chairman, president and CEO Thomas A. Fanning. "Larry's extensive legal experience in both the public and private sectors has shaped an informed perspective that will help us meet the needs of customers and investors."
Thompson is the recipient of the Edmund Jennings Randolph Award for outstanding contributions to the accomplishment of the Department of Justice's mission, the Outstanding Litigator Award from the Federal Bar Association and the A.T. Walden Award for outstanding accomplishments in the legal profession from the Gate City Bar Association, the oldest African-American bar association in Georgia.
A member of the board of directors for the Graham Holdings Company and various Franklin, Templeton and Mutual Series Funds, Thompson is also an elected Fellow of the American Board of Criminal Lawyers.
Thompson earned a bachelor's degree from Culver-Stockton College, a Master of Arts from Michigan State University and a juris doctor from the University of Michigan.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
5/25/2016U.S. Energy Secretary Visit Highlights Southern Company's Innovation Commitment
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 24, 2016 /PRNewswire/ -- U.S. Secretary of Energy Dr. Ernest Moniz today visited Southern Company's Energy Innovation Center in Atlanta's Tech Square. The Georgia Tech-hosted event marks the latest show of support by the Department of Energy (DOE) for Southern Company's extensive efforts to find real solutions benefiting America's energy consumers.
During today's visit, Energy Innovation Center Vice President Michael E. Britt took Sec. Moniz on a tour of the facility, which demonstrates the company's commitment to research and development, creative partnerships and collaboration in providing innovative solutions for customers. Sec. Moniz noted, "We are pleased to see an industry leader like Southern Company moving in this direction."
DOE is a longtime supporter of and partner in Southern Company's efforts to invent America's energy future through robust, proprietary research and development (R&D). Through the Energy Innovation Center, Southern Company is extending its R&D commitment by identifying better, more reliable and more efficient ways to increase value for customers through products and services. Many of the ideas being tested in the center come from the Southern Company system's more than 26,000 employees, while others are surfaced through partnerships with leading universities, research organizations and similarly focused companies such as Nest and Tesla.
"Southern Company's decades-long partnership with the U.S. Department of Energy has produced cutting-edge technologies that are reshaping electricity generation in America," said Britt. "The company is finding real energy solutions in coordination with like-minded leaders in R&D – from Georgia Tech and other leading universities to established corporations and fast-growing startups."
In addition to the work taking place at the Energy Innovation Center, Southern Company operates DOE's National Carbon Capture Center in Alabama and has received DOE support for its subsidiaries' development of the world's most advanced coal plant in Mississippi and two of the first new carbon-free nuclear units in a generation of Americans in Georgia.
Sec. Moniz's visit to the Energy Innovation Center came during a trip to Atlanta that included several stops to see the extensive research under way across Georgia Tech's campus.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
5/24/20165/24/2016 - Summer school now in session with Georgia Power
Summer school now in session with Georgia Power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 24, 2016 /PRNewswire/ -- Georgia Power will once again host hundreds of students across the state for summer camps as part of its year round Learning Power education program. Learning Power provides customized curriculum and materials at no cost to schools with education coordinators presenting STEM-related lessons highlighting energy basics such as simple circuits and energy efficiency, in addition to activities that help students understand how energy is made and distributed. During the 2015-2016 school year, Georgia Power hosted more than 3,200 events in schools reaching more than 80,000 students. Since the program's inception in 2011, the company has hosted more than 14,000 events as part of the program.
"With a hands-on approach and through engaging content, the Learning Power program continues to cultivate fundamental skills in the STEM areas while helping Georgia students learn to be more energy efficient," said Johnna Robinson, community development manager for Georgia Power. "Our education initiatives are also a core piece of our overall community engagement strategy to prepare Georgia for future economic growth by providing students with essential skills that will empower them to be the leaders of tomorrow as part of a highly-skilled Georgia workforce."
The four-day summer camps will be hosted statewide throughout May and June with students already registered from local elementary schools. Camps are currently scheduled in Atlanta, Austell, Dalton, Macon, Savannah and Waynesboro.
When surveyed, 96 percent of teachers believed the curriculum helped them meet the Georgia Performance Standards for science and shared that Learning Power was very effective at educating students about energy efficiency. In addition to classroom programming, the Learning Power program has produced and published four books focused on energy education, including Power Savers – The Adventures of Savvy and Squander; Joining the Watt Squad – The Adventures of Savvy and Squander; Savvy and Squander Learn How to Make and Save Electricity with Dr. E; and Savvy and Squander Saving Energy with Emerald and Dr. E.
In addition to Learning Power summer camps, the company will again join with other leading Georgia companies to sponsor a series of Mentoring a Girl in Construction (MAGIC) camps this summer at locations across the state including Georgia Power Plants Scherer and Bowen. The camps are designed to introduce young girls to hands-on activities related to the construction industry and careers in that field.
Georgia Power's commitment to education spans its more than 100-year history and is emphasized companywide. The company offers free resources for educators including interactive diagrams, an online energy calculator, access to power plant tours and more. Other efforts to enhance and improve education in Georgia include partnerships with groups such as Junior Achievement and assistance grants for new teachers awarded annually across the state. For more information about Georgia Power's initiatives and programs, visit www.georgiapower.com/education.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/24/2016Southern Company honored as top military employer
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 24, 2016 /PRNewswire/ -- Southern Company's long-standing commitment to recruiting both active and veteran military has earned the company recognition as a top employer by three publications. DiversityInc ranked Southern Company sixth on its 2016 Top 10 Companies for Veterans list. CivilianJobs recognized the company as a Most Valuable Employer (MVE) for Military, and Military Times EDGE named Southern Company "Best for Vets: Employers 2016," marking the seventh consecutive year for both.
"We are honored to be recognized as a top employer for these brave men and women," said Mark S. Lantrip, president and CEO of Southern Company Services. "Their dedication, commitment to safety, teamwork and excellence in all they do mirror Southern Company's culture."
Currently, 10 percent of the Southern Company system's 26,000 employees and 18 percent of new hires this year are veterans, guardsmen or reservists. Approximately 34 percent of subsidiary Georgia Power's new hires at Plant Vogtle units 3 and 4 – two of the first carbon-free nuclear units being built in the U.S. in a generation – are veterans. At the Kemper County energy facility, where subsidiary Mississippi Power is advancing energy innovation through the construction of the world's most advanced coal plant, 23 percent of new hires have prior military service.
Southern Company is a founding partner of the Troops to Energy Jobs program, a recruiting source that links veterans to job openings in the energy industry, and actively recruits members of the U.S. Navy as a Naval Nuclear Propulsion Program partner. In addition, Southern Company supports the Joining Forces initiative, participates in more than 30 military recruitment events annually and partners with military transition centers across the country.
Beyond its commitment to hiring veterans, Southern Company, through its subsidiaries, is the only energy company in the industry to partner with the U.S. Army, U.S. Navy, U.S. Marine Corps and U.S. Air Force to develop large-scale solar projects.
DiversityInc's annual survey offers companies with more than 1,000 U.S.-based employees to enter, and companies are ranked based on an objective analysis of nearly 200 separate factors. The CivilianJobs MVEs are selected annually based on those employers whose recruiting, training and retention plans best serve military service members and veterans. The Best for Vets: Employer 2016, by Military Times EDGE, surveyed more than 1,000 major companies and top government contractors about their recruiting and hiring policies, social recognition for veterans, and pay and benefits for reservists.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
5/24/2016Georgia Power promotes water safety during National Safe Boating Week
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 23, 2016 /PRNewswire/ -- Georgia Power is joining with other organizations across the country to recognize this week as National Safe Boating Week – a time to highlight and reinforce the importance of safety on the country's lakes, rivers and oceans. More than two million visitors safely enjoy Georgia Power's 15 lake properties each year.
Boaters visiting any of Georgia Power's lakes can ensure a safe and enjoyable experience by remembering simple safety tips such as:
There's always something happening at Georgia Power lakes. The company invites fans of all of the lakes to visit the company's regional lake Facebook pages to receive the latest news and information on local events and lake conditions, and share their personal experiences. Facebook communities include:
To learn more about Georgia Power lakes, visit www.GeorgiaPowerLakes.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/23/2016Georgia Power Social Media Center opens in Atlanta
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 23, 2016 /PRNewswire/ -- Georgia Power has opened a new, state-of-the-art Social Media Center to meet the increasing demand for social media engagement and enhance customer service and communication. Housed at the company's Atlanta headquarters, the center is an advanced social media resource located near the Georgia Power Storm Center, facilitating fast and accurate social media communication with customers during severe weather.
"Our goal every day is to make it as easy as possible for our customers to engage with us, while providing them with world-class customer service on every platform," said Louise Scott, vice president of customer service for Georgia Power. "This new center brings all of our social media resources under one roof, with the latest technology, improving our ability to quickly collaborate, solve problems and respond to our customers day and night."
Georgia Power already engages with customers more than 6,000 times per month on social media, quickly helping with billing and service questions, payment options and more. In addition, social media representatives online every day with customers offer useful energy efficiency advice; valuable rebates and incentives; guidance on solar energy; electrical safety tips and resources such as My Power Usage.
The Social Media Center's advanced technology includes simultaneous display of multiple social media feeds; live social streaming to field reps; interactive SMART boards; wireless audio conferencing and instant sharing of desktops/tablets to multiple displays. In addition, the company uses advanced digital tools to better respond to most customer inquiries on social media within 10 minutes and online chat requests in under a minute.
Georgia Power's primary social media platforms are Twitter (@GeorgiaPower) and Facebook (facebook.com/georgiapower), with channels featuring engaging, useful content and prompt, professional customer assistance. The new center builds on the company's full suite of communication platforms, including: OnGeorgia.org, GeorgiaPower.com and telephone options.
The Georgia Power Social Media Center is fully staffed Monday through Friday from 7 a.m. to 7 p.m. and around the clock during severe weather. In addition to connecting with the company on social media, customers can log in to their GeorgiaPower.com account or by telephone. Georgia-based customer service representatives are available 24 hours a day for residential customers at 888-660-5890.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/23/2016Georgia Power engages 100,000 students in STEM learning
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 23, 2016 /PRNewswire/ -- Georgia Power announced today a significant increase in the number of students engaged in its energy learning programs throughout the 2015-2016 school year. Nearly 100,000 students in schools across Georgia participated in the company's in-school initiatives including Learning Power, PowerTOWN and Georgia Pre-K Week this year. As part of Georgia Power's commitment to education, the company works in classrooms and communities across the state to deliver lessons and seminars through these programs focused on energy and engineering, as well as science, technology, education and math (STEM) topics.
"There is no greater investment we can make in Georgia's future than ensuring that our students and our teachers are prepared with the basic skills and knowledge they need to be successful in key STEM areas," said Paul Bowers, chairman, president and CEO of Georgia Power. "Enhancing education is the responsibility of all of Georgia's companies and we're honored to have the opportunity to continue to have such an impact across the state, year after year."
Education program highlights from the recent school year include:
Supporting classroom education also means supporting teachers. For more than a decade, Georgia Power has provided much-needed funds for new Georgia teachers through its New Teacher Assistance Grant program. Last year, the company awarded 41 new Georgia teachers with $1,000 grants to purchase classroom supplies and start their careers as pre-K, elementary, middle and high school teachers. Since 2004, the company has awarded more than $350,000 in individual grants to more than 350 new teachers in communities across the state.
In addition to STEM-related education programs, improving education at all levels is also a primary philanthropic initiative for Georgia Power. In 2015, the company contributed $5.8 million to support education initiatives such as the Ron Clark Academy, University System of Georgia Foundation, Inc. and Berry College, Inc. This includes company matched employee donations to 86 institutions of higher education and a $500,000 donation for Georgia Public Broadcasting's updated interactive in-classroom video series for teachers: Chemistry Matters and Physics Fundamentals.
To learn more about Georgia Power's commitment to education, including all of its programs and resources available for students, parents and educators, visit www.georgiapower.com/education.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/23/2016Mississippi Power, Origis Energy break ground on new solar energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., May 20, 2016 /PRNewswire/ -- Today, Mississippi Power and Origis Energy, along with officials from the Area Development Partnership and Lamar County, held a groundbreaking ceremony for what will be the state's largest solar facility.
When operational, the $100-million facility will generate 52 MW, enough electricity to power approximately 8,000 homes. Mississippi Power will receive all energy and associated renewable energy credits produced by the facility, which it may use to serve customers with solar energy or sell to third parties for the benefit of customers.
"This is an exciting day for all of Mississippi," said Mississippi Power President and CEO Anthony L. Wilson. "By working with Origis Energy and the Area Development Partnership, we will have nearly doubled the amount of electricity generated by renewable energy going to the Mississippi Power grid."
Members of the Mississippi Public Service Commission and local officials were also on hand for the ceremony, held at the Canebrake Country Club.
In April, Mississippi Power and Silicon Ranch Corporation broke ground on a 50 MW utility-scale solar project in Hattiesburg. In March, Mississippi Power, the U.S. Navy and Hannah Solar broke ground on a 3 MW solar project at the Naval Construction Battalion Center in Gulfport, Miss. Like the Lamar County project, Mississippi Power retains the flexibility to use the energy and RECs from these facilities to serve customers or to offer them to others for the benefit of customers.
The Lamar County solar facility will be on 590 acres and will feature more than 215,000 polycrystalline solar panels. The project will create up to 100 jobs during construction. It is scheduled to be completed first quarter of 2017 and will have a 25-year power purchase agreement with Mississippi Power. Throughout the PPA term, the energy generated from this project will provide power at a steady price and will not be subject to price variation seen with other fuel sources.
"This historic state solar facility is a clear indication of the commitment Mississippi Power, the state of Mississippi and Lamar County officials have to their customers, community and the Pine Belt region," said Chief Executive Officer & President of Origis Energy Guy Vanderhaegen. "By working together, these utility and community leaders are creating regional jobs. Our Origis team is honored to be part of the solar revolution now happening in Mississippi."
Lamar County Supervisor Dale Lucus said, "This solar project is a great fit for Lamar County and the tax revenue from the project will greatly benefit the county and the local school system. We appreciate Origis Energy's investment here in this great county and we look forward to partnering with them for many years on the largest solar installation in the state of Mississippi."
The Lamar County facility will not replace other Mississippi Power generating plants, but will have the capability to provide energy that will help diversify the company's generation portfolio.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOneTM Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
About Origis Energy
Origis Energy is Powering the Solar RevolutionSM with custom clean energy solutions for utility, commercial and public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in more than 100 projects worldwide totaling 500+ megawatts to date of developed solar capacity. With offices in the U.S., Brazil and Belgium, Origis delivers excellence in solar project development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers across Europe and the Americas. For more information, visit www.origisenergy.com.
About the Area Development Partnership (ADP)
The Area Development Partnership (ADP) is a private, non-profit organization dedicated to improving the quality of life for citizens of Greater Hattiesburg through community and economic development. The ADP unites hundreds of individuals, businesses and organizations, creating a unique agency working to enhance the region's economy and build a better community. The ADP's economic development portfolio includes business recruitment, retention and expansion, project management, government relations, small business loans, and more. Information about the ADP is available at www.theADP.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, construction, and subsequent operation of the solar projects currently in development by Mississippi Power Company. Mississippi Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Mississippi Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Mississippi Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Mississippi Power Company. Mississippi Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Mississippi Power
Article Date
5/20/2016Georgia PSC approves 15 percent fuel rate reduction
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 17, 2016 /PRNewswire/ -- The Georgia Public Service Commission (PSC) today approved Georgia Power's plan to reduce its fuel rates by an additional 15 percent. The reduction is expected to lower the total monthly bill of the typical residential customer using 1,000 kilowatt-hours per month by approximately $4.60, beginning June 1. When combined with a previous fuel rate reduction which went into effect in January, the same Georgia Power residential customer will pay nearly $10 less in fuel costs each month.
The latest reduction is a result of the company's efficient management of its generation fleet and business and is driven by lower natural gas prices due in part to increased natural gas supplies. Due to proactive planning and a continued commitment to developing a diverse and balanced generation portfolio, Georgia Power is able to take advantage of lower natural gas prices and pass the savings along to customers.
In addition to the reduction in fuel rates, Georgia Power also recently announced its base electric rates will remain flat through 2019. This three-year base rate assurance for all of the company's 2.5 million customers was part of the decision by the Georgia PSC to approve the pending merger of Southern Company (the parent company of Georgia Power) and AGL Resources.
Georgia Power consistently offers rates that are below the national average. Over the past 26 years, the company's total retail rate has averaged more than 13 percent below the national average. The company's total retail price of 9.22 cents per kilowatt-hour at the end of 2015 was more than 14 percent below the national average. Georgia Power also works every day to help customers save money and energy through a variety of energy efficiency programs and services ranging from easy energy tips and rebates to energy tracking tools such as My Power Usage and in-home energy audits.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/17/2016760 tons of new equipment placed at Vogtle Unit 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 13, 2016 /PRNewswire/ -- Georgia Power today announced the placement of more than 760 tons of major components within the turbine island for Vogtle Unit 3 – the stator assembly and the deaerator. The stator assembly, which includes the stator and the stator housing, weighs more than 460 tons. The component was constructed in Japan and represents two of the four major subcomponents of the main generator. The stator is a stationary component of the main generator that works together with the rotor and exciter to generate electricity. The main generator for Plant Vogtle Unit 3 will have a total energy output of 1,117 megawatts and provide enough carbon-free energy to serve hundreds of thousands of Georgia Power customers.
The 303-ton deaerator, developed in South Korea, is nearly 145 feet long and approximately 20 feet high and is one of the largest single pieces of equipment to be installed in the turbine building. The deaerator serves as a purification system for feedwater, removing minerals and other deposits, reducing plant maintenance and operating costs and preventing corrosion. Both pieces were lifted into place by the heavy lift derrick, one of the largest cranes in the world.
In addition to the recent placements, progress continues throughout the site with multiple milestones achieved within the last 30 days. Other major, recent construction achievements include the safe placement of six new shield building panels for Unit 3, delivery of the first of eight reactor coolant pumps and continued progress on the Unit 4 cooling tower which is nearing a completed height of 601 feet. The company recently uploaded new images of these milestones and other work at the site over the last 30 days at the company's online photo gallery. Additionally, a new flyover of the Unit 3 Nuclear Island is available on the Georgia Power YouTube Channel.
Expanding Plant Vogtle is part of Georgia Power's long-term plan to provide safe, clean, reliable and affordable energy to meet the growing energy needs of Georgia. The Vogtle expansion is the largest construction project in Georgia with more than 5,000 workers onsite today and 800 permanent future jobs. When the new units join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
5/13/2016Safety tips from Georgia Power for National Electrical Safety Month
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 12, 2016 /PRNewswire/ -- May marks National Electrical Safety month across the country – a time to spotlight the importance of electricity in everyday life, as well as electrical safety in and around the house. Georgia Power, the state's leading electric utility serving 2.5 million customers, makes safety a core value for thousands of employees across the state who work safely every day to keep power flowing for customers.
Georgia Power offers the following simple Electrical Safety Month tips:
For more electrical safety information, as well as a home appliance amp reference chart and information on circuits and wiring, visit www.georgiapower.com/safety.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/12/2016New savings on LED/CFL lighting available this summer
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 9, 2016 /PRNewswire/ -- Georgia Power announced today new instant-rebate offers from the company on ENERGY STAR® certified CFL and LED bulbs at select retailers statewide. No coupons or rebate forms are needed, shoppers should just look for the Georgia Power tag in-store at participating Costco, Home Depot and Walmart locations to save instantly at the register.
Customers at select retailers will be able to save $1.75 to $8 per pack instantly on a variety of wattages and color temperatures to fit individual lighting needs. The promotion is available at participating Costco locations through June 26 and participating Home Depot or Walmart locations through August 31. Offers are good while quantities last, with a limit of 16 bulbs per customer.
"Our longstanding lighting program is helping customers make small adjustments that deliver big energy savings," said Michele Wagner, director of energy efficiency for Georgia Power. "CFLs and LEDs are exciting technologies that not only offer energy savings, but overall better quality, performance and versatility across a wide variety of lighting applications in homes and businesses."
Customers who take advantage of the program not only save when making the purchase, but should enjoy savings long into the future. ENERGY STAR certified CFL and LED lights consume 75 percent less energy than conventional incandescent lights with CFLs lasting up to seven years and LEDs lasting up to 25 years.
Georgia Power also continues its partnership with The Home Depot to offer recycling for CFL bulbs at the retailer's stores in Georgia. The company sponsors in-store bins at The Home Depot locations throughout the state, which creates the state's most widespread CFL recycling program.
For a complete list of participating retail locations, special pricing information and in store events, visit www.georgiapower.com/lighting.
*Costco requires a membership at the time of purchase.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/9/2016Southern Company completes acquisition of PowerSecure International, Inc.
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and WAKE FOREST, N.C., May 9, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today completed their merger, with PowerSecure becoming a wholly owned subsidiary of Southern Company.
Southern Company's existing business model provides an opportunity to leverage PowerSecure's unique expertise to help meet customers' energy needs using advanced technologies. Southern Company has acquired a premier provider of distributed infrastructure, offering primarily commercial and industrial customers innovative solutions to meet their individual reliability, energy efficiency or green objectives. Recognizing that these technologies typically receive highest demand in areas outside of the Southeast – where there is greater opportunity to improve electric reliability, price and customer service – this acquisition positions Southern Company to advance distributed infrastructure development across the U.S.
"For more than a century, the Southern Company system has provided quality service by generating and delivering affordable, reliable electricity to the customer's meter," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Today we are thrilled to draw on PowerSecure's nationally recognized expertise to deliver even greater customer value by developing innovative technologies on the other side of the meter."
Under the terms of the agreement, PowerSecure's stockholders received $18.75 in cash in exchange for each share of PowerSecure common stock on May 9, for a total purchase price of approximately $425 million. PowerSecure's common stock ceased trading on the New York Stock Exchange immediately prior to market open on May 9.
PowerSecure's operations, including its management team and corporate headquarters, will continue to be based in Wake Forest, N.C.
Jones Day, Gibson Dunn & Crutcher LLP and Troutman Sanders LLP served as legal counsel to Southern Company. J.P. Morgan Securities LLC served as the exclusive financial advisor to PowerSecure and Wachtell, Lipton, Rosen & Katz and Kegler Brown Hill + Ritter served as legal counsel to PowerSecure.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About PowerSecure
PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), solar energy, energy efficiency and utility infrastructure. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. The company's energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which the company offers, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users and directly to retailers. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the expected benefits of the transaction. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "intend," "estimate," "plan," "believe," "may," "project," "potential," "forecast," "target," "guidance," "outlook," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology.
Although Southern Company and PowerSecure believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, the risk that the businesses will not be integrated successfully; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and PowerSecure will be greater than expected; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the on-going uncertainty and inconsistency in the economy, financial markets and business markets; the impact of legislative, regulatory and competitive changes; and other risks, uncertainties and other factors identified from time to time in each of Southern Company's and PowerSecure's reports filed with or furnished to the Securities and Exchange Commission ("SEC"), including their most recent Annual Report on Form 10-K, as well as subsequently filed Quarterly Reports Form 10-Q and Current Reports on Form 8-K, as well as any amendments thereto, copies of which may be obtained by visiting the investor relations page of each company's website or the SEC's website at www.sec.gov.
Southern Company and PowerSecure caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and PowerSecure, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or PowerSecure or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor PowerSecure undertakes any duty or obligation to update or revise any forward-looking statement for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise, except as may be required by law.
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SOURCE Southern Company
Article Date
5/9/2016Southern Company announces pricing of public offering of common stock
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 5, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) today announced that it has priced its previously-announced underwritten public offering of 18,300,000 shares of its common stock for gross proceeds of approximately $900,000,000. Citigroup and J.P. Morgan are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the company's pending acquisition of AGL Resources and related transaction costs and for other general corporate purposes, which may include the investment by the company in its subsidiaries or the payment of a portion of the company's outstanding short-term indebtedness. The offering is expected to close on May 11, subject to customary closing conditions.
The last reported sale price of the company's common stock on May 5, 2016 was $50.62 per share. The underwriters are offering for sale the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by the underwriters and subject to their right to reject any order in whole or in part.
The company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for this offering. Before investing, interested parties should read the prospectus in that registration statement and other documents the company has filed with the SEC for more complete information about the company and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus if you request it by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146), or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company is an energy company serving the Southeast through its subsidiaries. Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the pending acquisition of AGL Resources, the expected closing of the offering and the use of proceeds from the offering. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including, without limitation, Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction, operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County, Mississippi ("Kemper IGCC"), including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the expected timing, likelihood, and benefits of completion of the proposed acquisition of AGL Resources, including the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals), the possibility that long-term financing for the acquisition may not be put in place prior to the closing, the risk that a condition to closing of the acquisition or funding of the bridge financing may not be satisfied, the possibility that the anticipated benefits from the acquisition cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected, the credit ratings of the combined company or its subsidiaries may be different from what the parties expect, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, the diversion of management time on acquisition-related issues, and the impact of legislative, regulatory, and competitive changes; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
5/6/2016Southern Company announces public offering of common stock
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 5, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) today announced that it has commenced an underwritten public offering of 18,300,000 shares of its common stock, through which it expects to raise gross proceeds of approximately $900 million. Citigroup and J.P. Morgan are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the company's pending acquisition of AGL Resources and related transaction costs and for other general corporate purposes, which may include the investment by the company in its subsidiaries or the payment of a portion of the company's outstanding short-term indebtedness. The offering is expected to close on May 11, subject to customary closing conditions.
The company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for this offering. Before investing, interested parties should read the prospectus in that registration statement and other documents the company has filed with the SEC for more complete information about the company and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus if you request it by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146), or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company is an energy company serving the Southeast through its subsidiaries. Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the pending acquisition of AGL Resources, the expected closing of the offering and the use of proceeds from the offering. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including, without limitation, Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction, operating or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County, Mississippi ("Kemper IGCC"), including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the expected timing, likelihood, and benefits of completion of the proposed acquisition of AGL Resources, including the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals), the possibility that long-term financing for the acquisition may not be put in place prior to the closing, the risk that a condition to closing of the acquisition or funding of the bridge financing may not be satisfied, the possibility that the anticipated benefits from the acquisition cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected, the credit ratings of the combined company or its subsidiaries may be different from what the parties expect, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, the diversion of management time on acquisition-related issues, and the impact of legislative, regulatory, and competitive changes; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
5/5/20165/5/2016 - Southern Company and AGL Resources announce merger settlement with all parties in New Jersey
Southern Company and AGL Resources announce merger settlement with all parties in New Jersey
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 5, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) today announced that an agreement has been reached that settles all contested issues in the New Jersey merger proceeding.
The merger is still subject to final approval by the New Jersey Board of Public Utilities (BPU). Consequently, the only remaining regulatory approvals required to close the merger are the BPU's and Illinois Commerce Commission's approvals of the comprehensive settlements reached in those jurisdictions. The companies also confirmed that the merger remains on track for closing in the second half of 2016.
AGL Resources is the parent company of Elizabethtown Gas, a regulated utility providing natural gas distribution services to customers in New Jersey.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the merger or the committed financing may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
5/5/2016PowerSecure Stockholders Vote to Approve Merger with Southern Company
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and WAKE FOREST, N.C., May 5, 2016 /PRNewswire/ -- Stockholders of PowerSecure International, Inc. (NYSE: POWR) today voted to approve the proposed merger with Southern Company (NYSE: SO), announced on February 24, 2016.
The U.S. Federal Trade Commission previously granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with regard to the companies' proposed merger. Today's vote by PowerSecure stockholders represents the last major approval before the companies can complete the proposed merger. The transaction is expected to close in the coming days.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About PowerSecure
PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), solar energy, energy efficiency and utility infrastructure. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. The company's energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which the company offers, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users and directly to retailers. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the expected benefits of the transaction and the expected timing of the completion of the transaction. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "intend," "estimate," "plan," "believe," "may," "project," "potential," "forecast," "target," "guidance," "outlook," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology.
Although Southern Company and PowerSecure believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the risk that the businesses will not be integrated successfully; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and PowerSecure will be greater than expected; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the on-going uncertainty and inconsistency in the economy, financial markets and business markets; the impact of legislative, regulatory and competitive changes; and other risks, uncertainties and other factors identified from time to time in each of Southern Company's and PowerSecure's reports filed with or furnished to the Securities and Exchange Commission, including their most recent Annual Report on Form 10-K, as well as subsequently filed Quarterly Reports Form 10-Q and Current Reports on Form 8-K, copies of which may be obtained by visiting the investor relations page of each company's website or the SEC's website at www.sec.gov. There can be no assurance that the transaction will in fact be consummated.
Southern Company and PowerSecure caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and PowerSecure, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or PowerSecure or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor PowerSecure undertakes any duty or obligation to update or revise any forward-looking statement for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise, except as may be required by law.
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SOURCE Southern Company
Article Date
5/5/2016Southern Company, AGL Resources receive merger approval from Maryland regulators
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, May 3, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) have received regulatory approval of the companies' proposed merger from the Maryland Public Service Commission, with all intervening parties in support of the previously announced settlement agreement.
AGL Resources is the parent company of Elkton Gas, a regulated utility providing natural gas distribution services to customers in Elkton, Md.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
The companies expect to complete the transaction in the second half of 2016. For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the merger or the committed financing may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
5/3/2016Energy efficiency a focus at Atlanta's The Office
Source: PR Newswire
ATLANTA, May 3, 2016 /PRNewswire/ -- Georgia Power has recognized DeBartolo Construction Services, for its focus on energy efficiency in the construction of The Office apartments on Piedmont Avenue in downtown Atlanta. The Office, once a former office building, is now a repurposed 20 story luxury high-rise featuring 327 apartment homes.
Georgia Power leaders recently visited The Office to present DeBartolo with a rebate check of $258,825 for various energy efficiency upgrades throughout the renovation including CFL lighting retrofits, the installation of programmable thermostats, selection of Energy Star appliances and energy efficient doors and windows, among other improvements.
"We congratulate DeBartolo for recognizing the value and appeal of offering the most energy efficient lifestyle options for potential new residents at The Office," said Mitchell King, region manager for Georgia Power. "DeBartolo has been committed to sustainability and energy efficiency throughout this process and we look forward to working with them again on future, innovative projects."
Georgia Power estimates The Office will be able to save more than 1,203 megawatt-hours (MWh) in annual energy savings with these upgrades. Residents living at the complex can expect savings of up to $400 per year due to the energy efficiency upgrades.
Georgia Power's Home Energy Improvement Program makes rebates and incentives available to multifamily property customers to help them become more attractive to potential tenants. The program encourages customers to choose the approach that best fits their specific needs and budget and offers property owners two ways (Whole House or Individual Improvements) to make energy efficiency upgrades with rebate amounts of more than $1,000 possible. For more information, visit www.georgiapower.com/multifamily.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
5/3/2016Georgia Power begins construction on new 31 MW on-base solar facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 28, 2016 /PRNewswire/ -- Leadership from Georgia Power and the Department of the Navy (DON) today joined elected officials, community leaders and other dignitaries at Marine Corps Logistics Base (MCLB) Albany to mark the start of construction for a new 31 megawatt (MW) alternating current (AC) (44 MW direct current) solar generation facility. The MCLB Albany project is the fifth large-scale solar project to be built, owned and operated by Georgia Power on Georgia military bases for a total of 166 MW AC.
"This project will generate solar energy as part of a diverse generation mix, while providing security for the base and a positive economic impact in the local community," said Kenny Coleman, senior vice president of marketing for Georgia Power. "The projects we are developing on our state's military bases are great examples of renewable energy growth being driven by collaboration and innovative partnerships."
Spanning 150 acres on the MCLB Albany base, the facility will utilize approximately 138,000 ground-mounted photovoltaic (PV) panels to deliver energy to the state's electric grid. The site is expected to come online within a year and to be brought online at or below the company's avoided cost, the amount projected it would cost the company to generate comparable energy from other sources. The solar project at MCLB Albany is estimated to represent a $75 million investment at the installation and will enable the DON to meet critical energy and security goals.
"This project, our second collaboration with Georgia Power, will help to enhance the energy security of MCLB Albany," said the Honorable Dennis V. McGinn, assistant secretary of the Navy for Energy, Installations & Environment. "It is these partnerships that have yielded such high value for the Department of the Navy, our installations and the surrounding communities. As we begin to tighten our focus on energy resiliency, these projects will be the foundation of energy security on our bases."
Lauren "Bubba" McDonald, Jr., vice-chair of the Georgia Public Service Commission (PSC), also delivered remarks at the event noting the PSC's efforts to bring the solar projects to Georgia and encourage solar development in the state while keeping electric rates low for customers. Other speakers at the event included Lt. Gen. Michael G. Dana, deputy commandant of the Marine Corps, Installations and Logistics and Col. James C. Carroll III, commanding officer, MCLB Albany.
Georgia Power continues to add solar to its generation portfolio through programs designed to prevent upward pressure on customer rates. In coordination with the Georgia PSC, thousands of new solar panels are being installed across Georgia as part of the MCLB Albany and Naval Submarine Base Kings Bay projects with the DON; at Forts Gordon, Stewart and Benning with the U.S. Army; and through the competitive Advanced Solar Initiative (ASI) Prime program. Most recently, Georgia Power proposed 525 MW of new renewable generation by 2019 as part of its 2016 Integrated Resource Plan (IRP) and new demonstration projects to further study wind and solar generation opportunities in the state.
A leader in renewable development, Georgia Power was recently named to the Smart Electric Power Alliance's (SEPA) annual Top 10 Utility Solar list in recognition of solar connections to the state's electric grid in 2015 and was previously named the 2014 Investor-Owned Utility of the Year by the organization. To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.georgiapower.com/solar.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of the MCLB Albany solar project. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
4/28/2016Georgia Power recognizes Post Properties for commitment to electric vehicles
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 27, 2016 /PRNewswire/ -- Leaders from Georgia Power and Post Properties joined together at a special event at Post's Atlanta headquarters. At the event, which also included electric vehicle (EV) test drives and sustainability focused activities including urban gardening, Georgia Power recognized the premier residential apartment company for its commitment to EVs. Following the installation of 75 EV charging stations at 15 Atlanta-area properties, Post received a rebate check for $71,500 from Georgia Power. Post's initiative is the single largest charging project undertaken by any multi-family housing organization in Atlanta to date.
"We congratulate Post Properties for recognizing the value that offering EV charging can bring to residents and visitors to their properties," said Pedro Cherry, senior vice president for Georgia Power's Metro Atlanta region. "Having EV charging in place where drivers live and work is an essential component of our strategy for growing the EV market in Georgia and we appreciate the continued collaboration with Post."
Georgia Power is committed to assisting customers with their EV energy needs and advancing Georgia as an EV-friendly state. The company offers EV charger rebates for business and residential customers, a special rate for EV customers and is working to develop public charging infrastructure across the state. To learn more about driving electric with Georgia Power, visit www.GeorgiaPower.com/EV.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/27/2016Mississippi Power, Silicon Ranch break ground on new solar energy facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., April 27, 2016 /PRNewswire/ -- Mississippi Power and Silicon Ranch Corporation, along with local officials from the city of Hattiesburg, Forrest County and the Area Development Partnership, held a groundbreaking ceremony for the state's largest solar farm today in Hattiesburg.
When operational, the $100-million facility will generate 50 MW, enough electricity to supply power to approximately 6,500 homes.
Members of the Mississippi Public Service Commission were also on hand for the ceremony, held at the Lake Terrace Convention Center in Hattiesburg.
"This is the second of three major solar projects that have been approved by the Public Service Commission, demonstrating Mississippi Power's continuing commitment to cost-effective solar development," said Mississippi Power President and CEO Anthony L. Wilson. "The Pine Belt region is one of the hubs of economic development in the state and our investments in renewable energy here will contribute to future growth."
"We are committed to having a well-balanced energy portfolio, and are proud to work with Silicon Ranch, Forrest County, the city of Hattiesburg and the Area Development Partnership to make that happen," Wilson added.
In May, Mississippi Power and Origis Energy will break ground on a 52-MW utility-scale solar project in Sumrall. In March, Mississippi Power, the U.S. Navy and Hannah Solar broke ground on a 3-4 MW solar project at the Naval Construction Battalion Center in Gulfport, Miss.
The Hattiesburg solar farm will be on 450 acres and will feature more than 600,000 solar panels. The project will create approximately 400 jobs during construction.
"Silicon Ranch is proud to work with Mississippi Power, the city of Hattiesburg, Forrest County, and the Area Development Partnership to bring this important renewable energy project to south Mississippi," said Silicon Ranch President and CEO Matt Kisber. "As long-term owners of this solar project, as well as several others across Mississippi, we are excited about the economic and environmental benefits it will bring to the community, the surrounding region, and the state."
Silicon Ranch will fund, own, and operate the project and has selected Strata Solar to build it. Mississippi Power will receive all the energy produced at cost-competitive rates over the next 25 years. Mississippi Power will also receive all associated renewable energy credits, which it may use to either serve its customers with renewable energy, use for future renewable energy programs, or sell at wholesale to third parties. The solar project is slated to be complete by early 2017 and once operational, the power will be placed on the Mississippi Power grid.
"The city of Hattiesburg is excited to partner with Silicon Ranch and Mississippi Power to bring abundant, clean energy to the local grid," said Hattiesburg Mayor Johnny DuPree. "This project diversifies our potential energy fuel offerings and further enhances our reputation as a high-tech community with a pro-business approach. We look forward to a long-standing partnership on this solar energy facility."
Forrest County Board of Supervisors President David Hogan said, "Forrest County has a long track record of aggressively attracting new investment into our community. We are excited to welcome Silicon Ranch as our newest corporate citizen and look forward to the solar farm generating 50 MW of clean solar energy for our region."
The Hattiesburg facility will not replace other Mississippi Power generating plants, but will have the capability to provide energy that will help diversify the company's generation portfolio.
About Mississippi Power
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOne™ Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, and follow us on Twitter, LinkedIn, Google+ and YouTube.
About Silicon Ranch Corporation
Silicon Ranch Corporation, based in Nashville, Tenn., is one of the top 15 solar owner-operators in the U.S. Silicon Ranch is a full-service, renewable energy provider that customizes solar solutions based upon the individual needs of its customers across the nation and has been instrumental in helping its partners accomplish numerous "firsts" in their respective marketplaces. In addition to the project in Hattiesburg, Silicon Ranch owns and operates Mississippi solar farms in Okolona and Columbus and has projects under engineering and construction in Houston and New Albany. More information is available at www.siliconranchcorp.com.
About the Area Development Partnership (ADP)
The Area Development Partnership (ADP) is a private, non-profit organization dedicated to improving the quality of life for citizens of Greater Hattiesburg through community and economic development. The ADP unites hundreds of individuals, businesses and organizations, creating a unique agency working to enhance the region's economy and build a better community. The ADP's economic development portfolio includes business recruitment, retention and expansion, project management, government relations, small business loans, and more. Information about the ADP is available at www.theADP.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information contained in this communication is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, construction, and subsequent operation of the solar projects currently in development by Mississippi Power Company. Mississippi Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Mississippi Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Mississippi Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Mississippi Power Company. Mississippi Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Mississippi Power
Article Date
4/27/20164/27/2016 - Southern Company reports first-quarter earnings
Southern Company reports first-quarter earnings
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 27, 2016 /PRNewswire/ -- Southern Company today reported first-quarter 2016 earnings of $485 million, or 53 cents per share, compared with earnings of $508 million, or 56 cents per share, in the first quarter of 2015.
Earnings for the first quarter of 2016 include after-tax charges of $33 million, or 4 cents per share, related to an increased cost estimate for the construction of Mississippi Power's Kemper integrated gasification combined cycle (IGCC) project. First-quarter earnings for 2015 included an after-tax charge of $6 million for the Kemper IGCC project. Earnings for the first quarter of 2016 also include an after-tax charge of $14 million, or 1 cent per share, related to the proposed acquisitions of AGL Resources and PowerSecure International. Excluding these items, Southern Company earned $532 million, or 58 cents per share, during the first quarter of 2016, compared with earnings of $514 million, or 56 cents per share, in the first quarter of 2015.
Earnings drivers year-over-year for the first quarter of 2016 included retail revenue effects across the regulated operating companies and lower non-fuel operating and maintenance costs offset by mild weather and higher depreciation expenses. Wholesale subsidiary Southern Power also contributed positively year-over-year as a result of the anticipated tax benefits for 2016 renewable projects and increased revenue from 2015 renewable projects.
"Southern Company performed superbly in executing its business plan in the first quarter of 2016. We saw positive customer growth, along with strong residential and commercial sales and a robust economic development pipeline," said Southern Company Chairman, President and CEO, Thomas A. Fanning. "Our franchise operations and our competitive generation subsidiary, Southern Power, continue to perform at a high level and deliver on our core strategy of providing clean, safe, reliable and affordable energy to customers."
First-quarter 2016 operating revenues were $3.97 billion, compared with operating revenues of $4.18 billion for the same period in 2015, a decrease of 5.2 percent. This decrease was primarily due to lower fuel costs.
Kilowatt-hour sales to retail customers in Southern Company's four-state service area decreased 3.0 percent in the first quarter of 2016, compared with the first quarter of 2015. Residential energy sales decreased 7.2 percent, commercial energy sales decreased 0.7 percent and industrial energy sales decreased 0.8 percent.
Weather-adjusted kilowatt-hour sales to retail customers in Southern Company's four-state service area increased 0.4 percent in the first quarter of 2016, compared with the first quarter of 2015. Weather-adjusted residential energy sales increased 1.4 percent and weather-adjusted commercial energy sales increased 0.8 percent.
Total energy sales to the Southern Company system's customers, including wholesale sales, decreased 1.7 percent in the first quarter of 2016, compared with the same period in 2015.
Southern Company's financial analyst call will begin at 1 p.m. Eastern time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available at the site for 12 months.
Southern Company has also posted on its website detailed financial information on its first-quarter 2016 earnings performance. These materials are available at www.southerncompany.com.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
|
Southern Company | ||||||||
|
Financial Highlights | ||||||||
|
(In Millions of Dollars Except Earnings Per Share) | ||||||||
|
Three Months Ended March | ||||||||
|
2016 |
2015 | |||||||
|
Consolidated Earnings–As Reported |
||||||||
|
(See Notes) |
||||||||
|
Traditional Operating Companies |
$ |
464 |
$ |
477 |
||||
|
Southern Power |
50 |
33 |
||||||
|
Total |
514 |
510 |
||||||
|
Parent Company and Other |
(29) |
(2) |
||||||
|
Net Income–As Reported |
$ |
485 |
$ |
508 |
||||
|
Basic Earnings Per Share |
$ |
0.53 |
$ |
0.56 |
||||
|
Average Shares Outstanding (in millions) |
916 |
910 |
||||||
|
End of Period Shares Outstanding (in millions) |
918 |
908 |
||||||
|
Three Months Ended | ||||||||
|
2016 |
2015 | |||||||
|
Consolidated Earnings–Excluding Items |
||||||||
|
(See Notes) |
||||||||
|
Net Income–As Reported |
$ |
485 |
$ |
508 |
||||
|
Estimated Loss on Kemper IGCC |
33 |
6 |
||||||
|
Acquisition Costs |
14 |
— |
||||||
|
Net Income–Excluding Items |
$ |
532 |
$ |
514 |
||||
|
Basic Earnings Per Share–Excluding Items |
$ |
0.58 |
$ |
0.56 |
||||
|
Notes |
||||||||
|
- For the three months ended March 31, 2016 and 2015, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||
|
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended March 31, 2016 and any similar charges may occur with uncertain frequency. | ||||||||
|
- Earnings for the three months ended March 31, 2016 include costs related to the proposed acquisitions of AGL Resources Inc. and PowerSecure International, Inc. Further costs are expected to continue to occur in connection with closing the proposed acquisitions and supporting the related integrations. | ||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||
|
Southern Company | ||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
2016 |
2015 |
Change | ||||||||||
|
Consolidated Earnings Per Share– |
||||||||||||
|
As Reported (See Notes) |
$ |
0.53 |
$ |
0.56 |
$ |
(0.03) |
||||||
|
Significant Factors: |
||||||||||||
|
Traditional Operating Companies |
$ |
(0.02) |
||||||||||
|
Southern Power |
0.02 |
|||||||||||
|
Parent Company and Other |
(0.03) |
|||||||||||
|
Total–As Reported |
$ |
(0.03) |
||||||||||
|
Three Months Ended March | ||||||||||||
|
2016 |
2015 |
Change | ||||||||||
|
Consolidated Earnings Per Share– |
||||||||||||
|
Excluding Items (See Notes) |
$ |
0.58 |
$ |
0.56 |
$ |
0.02 |
||||||
|
Total–As Reported |
$ |
(0.03) |
||||||||||
|
Estimated Loss on Kemper IGCC |
0.04 |
|||||||||||
|
Acquisition Costs |
0.01 |
|||||||||||
|
Total–Excluding Items |
$ |
0.02 |
||||||||||
|
Notes |
||||||||||||
|
- For the three months ended March 31, 2016 and 2015, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||
|
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal | ||||||||||||
|
- Earnings for the three months ended March 31, 2016 include costs related to the proposed acquisitions of AGL Resources Inc. and PowerSecure International, Inc. Further costs are expected to continue to occur in connection with closing the proposed acquisitions and supporting the related integrations. | ||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||
|
Southern Company | |
|
EPS Earnings Analysis | |
|
Three Months Ended March 2016 vs. March 2015 | |
|
Cents |
Description |
|
1¢ |
Retail Sales |
|
8 |
Retail Revenue Impacts |
|
(6) |
Weather |
|
(1) |
Wholesale Operations |
|
1 |
Other Operating Revenues |
|
4 |
Non-Fuel O&M |
|
(3) |
Depreciation and Amortization |
|
(1) |
Other Income and Deductions |
|
(1) |
Interest Expense |
|
2¢ |
Total Traditional Operating Companies |
|
2 |
Southern Power |
|
(2) |
Parent and Other |
|
2¢ |
Total Change in EPS (Excluding Items) |
|
(4) |
Estimated Loss on Kemper IGCC |
|
(1) |
Acquisition Costs |
|
(3)¢ |
Total Change in EPS (As Reported) |
|
Notes | |
|
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended March 31, 2016 and any similar charges may occur with uncertain frequency. | |
|
- Earnings for the three months ended March 31, 2016 include costs related to the proposed acquisitions of AGL Resources Inc. and PowerSecure International, Inc. Further costs are expected to continue to occur in connection with closing the proposed acquisitions and supporting the related integrations. | |
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | |
|
Southern Company | ||||||||||||
|
Consolidated Earnings | ||||||||||||
|
As Reported | ||||||||||||
|
(In Millions of Dollars) | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
2016 |
2015 |
Change | ||||||||||
|
Income Account- |
||||||||||||
|
Retail Revenues- |
||||||||||||
|
Fuel |
$ |
875 |
$ |
1,088 |
$ |
(213) |
||||||
|
Non-Fuel |
2,502 |
2,454 |
48 |
|||||||||
|
Wholesale Revenues |
396 |
467 |
(71) |
|||||||||
|
Other Electric Revenues |
181 |
163 |
18 |
|||||||||
|
Other Revenues |
11 |
11 |
— |
|||||||||
|
Total Revenues |
3,965 |
4,183 |
(218) |
|||||||||
|
Fuel and Purchased Power |
1,076 |
1,356 |
(280) |
|||||||||
|
Non-Fuel O & M |
1,109 |
1,122 |
(13) |
|||||||||
|
Depreciation and Amortization |
541 |
487 |
54 |
|||||||||
|
Taxes Other Than Income Taxes |
256 |
252 |
4 |
|||||||||
|
Estimated Loss on Kemper IGCC |
53 |
9 |
44 |
|||||||||
|
Total Operating Expenses |
3,035 |
3,226 |
(191) |
|||||||||
|
Operating Income |
930 |
957 |
(27) |
|||||||||
|
Allowance for Equity Funds Used During Construction |
53 |
63 |
(10) |
|||||||||
|
Interest Expense, Net of Amounts Capitalized |
246 |
213 |
33 |
|||||||||
|
Other Income (Expense), net |
(18) |
(8) |
(10) |
|||||||||
|
Income Taxes |
222 |
274 |
(52) |
|||||||||
|
Consolidated Net Income |
497 |
525 |
(28) |
|||||||||
|
Less: |
||||||||||||
|
Dividends on Preferred and Preference Stock of Subsidiaries |
11 |
17 |
(6) |
|||||||||
|
Net Income Attributable to Noncontrolling Interests |
1 |
— |
1 |
|||||||||
|
CONSOLIDATED NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY |
$ |
485 |
$ |
508 |
$ |
(23) |
||||||
|
Notes |
||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | ||||||||||||
|
Southern Company | ||||||||||||
|
Kilowatt-Hour Sales | ||||||||||||
|
(In Millions of KWHs) | ||||||||||||
|
Three Months Ended March | ||||||||||||
|
As Reported |
2016 |
2015 |
Change |
Weather Adjusted Change* | ||||||||
|
Kilowatt-Hour Sales- |
||||||||||||
|
Total Sales |
45,476 |
46,244 |
(1.7) |
% |
||||||||
|
Total Retail Sales- |
38,038 |
39,209 |
(3.0) |
% |
0.4 |
% | ||||||
|
Residential |
12,602 |
13,577 |
(7.2) |
% |
1.4 |
% | ||||||
|
Commercial |
12,323 |
12,415 |
(0.7) |
% |
0.8 |
% | ||||||
|
Industrial |
12,888 |
12,988 |
(0.8) |
% |
(1.0) |
% | ||||||
|
Other |
225 |
229 |
(1.7) |
% |
(1.5) |
% | ||||||
|
Total Wholesale Sales |
7,438 |
7,035 |
5.7 |
% |
N/A | |||||||
|
Note |
||||||||||||
|
*Also reflects adjustment of 2015 KWH sales consistent with Mississippi Power's updated methodology to estimate the unbilled revenue allocation among customer classes implemented in the first quarter 2015. | ||||||||||||
|
Southern Company | |||||||||||
|
Financial Overview | |||||||||||
|
As Reported | |||||||||||
|
(In Millions of Dollars) | |||||||||||
|
Three Months Ended March | |||||||||||
|
2016 |
2015 |
% Change | |||||||||
|
Consolidated – |
|||||||||||
|
Operating Revenues |
$ |
3,965 |
$ |
4,183 |
(5.2) |
% | |||||
|
Earnings Before Income Taxes |
719 |
799 |
(10.0) |
% | |||||||
|
Net Income Available to Common |
485 |
508 |
(4.5) |
% | |||||||
|
Alabama Power – |
|||||||||||
|
Operating Revenues |
$ |
1,331 |
$ |
1,401 |
(5.0) |
% | |||||
|
Earnings Before Income Taxes |
262 |
292 |
(10.3) |
% | |||||||
|
Net Income Available to Common |
155 |
169 |
(8.3) |
% | |||||||
|
Georgia Power – |
|||||||||||
|
Operating Revenues |
$ |
1,872 |
$ |
1,978 |
(5.4) |
% | |||||
|
Earnings Before Income Taxes |
432 |
380 |
13.7 |
% | |||||||
|
Net Income Available to Common |
268 |
236 |
13.6 |
% | |||||||
|
Gulf Power – |
|||||||||||
|
Operating Revenues |
$ |
335 |
$ |
357 |
(6.2) |
% | |||||
|
Earnings Before Income Taxes |
51 |
62 |
(17.7) |
% | |||||||
|
Net Income Available to Common |
29 |
37 |
(21.6) |
% | |||||||
|
Mississippi Power – |
|||||||||||
|
Operating Revenues |
$ |
257 |
$ |
276 |
(6.9) |
% | |||||
|
Earnings (Loss) Before Income Taxes |
1 |
39 |
(97.4) |
% | |||||||
|
Net Income (Loss) Available to Common |
11 |
35 |
(68.6) |
% | |||||||
|
Southern Power – |
|||||||||||
|
Operating Revenues |
$ |
315 |
$ |
348 |
(9.5) |
% | |||||
|
Earnings Before Income Taxes |
28 |
45 |
(37.8) |
% | |||||||
|
Net Income Available to Common |
50 |
33 |
51.5 |
% | |||||||
|
Note |
|||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q. | |||||||||||
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SOURCE Southern Company
Article Date
4/27/20164/25/2016 - Georgia Power releases 2015 Citizenship Report
Georgia Power releases 2015 Citizenship Report
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 25, 2016 /PRNewswire/ -- Georgia Power has released the company's second annual Citizenship Report highlighting the breadth of community programs and volunteer efforts in 2015. The report, centered on the theme Citizenship Matters, outlines how and why the company is committed to improving every community in which it serves as well as spotlights the work of some of Georgia's leading community and charitable organizations.
Throughout the year, Georgia Power, with the Georgia Power Foundation, Inc., helped nearly 2,000 diverse organizations enrich local communities and the lives of thousands of Georgians by investing more than $17 million in communities and nonprofit organizations statewide. Additionally, 6,000 Georgia Power employees and retirees contributed 160,000 hours in volunteer service – an all-time record for the company.
"At Georgia Power, we strongly believe that being a citizen wherever we serve is as much a part of our business as delivering safe, reliable and affordable electricity to our 2.5 million customers," said Mike Anderson, senior vice president of Community & Corporate Relations for Georgia Power. "We have an obligation and a shared dedication to make a positive impact in our communities and 2015 was an outstanding year thanks to the efforts of our employees and retirees."
The 2015 Citizenship Reports includes 2015 results in five key focus areas; including notes from key community and charitable leaders about the importance of the company's support.
Arts & Culture – "We appreciate Georgia Power's support in renovating the Miller Theater as the new home of the Symphony Orchestra Augusta. The future impact of this project on our city is immeasurable." Ansley Easterlin, Director of Development, Miller Theater Campaign (www.millerllc.org)
Civic & Community – "Having Georgia Power as a sponsor for our very first ExpoMujer was like flipping the switch and turning on the light for the advancement of women in our community." Judith Martinez, Co-Founder and Creative Director, YoSoyM (www.yosoym.com)
Education – "Georgia Power's support means that we can continue to create innovative resources that will enhance the learning experience for teachers and students across the state." Teya Ryan, CEO & President, Georgia Public Broadcasting (www.gpb.org)
Environment – "Keep Georgia Beautiful is a true public-private partnership and Georgia Power is one of our most important partners. We wouldn't be able to be successful without their support." Sarah Visser, Executive Director, Keep Georgia Beautiful Foundation (www.keepgeorgiabeautiful.org)
Health & Human Services – "For over 35 years, Georgia Power's support has helped the Shepherd Center become what we are today – the nation's largest spinal cord and brain injury hospital." – James Shepherd, Co-Founder & Chairman of the Board, Shepherd Center (www.shepherd.org)
The full 2015 Georgia Power Citizenship Report is available online at www.georgiapower.com/community. To stay in touch with Georgia Power's work in the community every day, follow @GeorgiaPower and #GAPowerfulService on Twitter.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/25/20164/22/2016 - Southern Nuclear hosts renowned safety presenter for high school students in communities where it operates
Southern Nuclear hosts renowned safety presenter for high school students in communities where it operates
Source: PR Newswire
BIRMINGHAM, Ala., April 22, 2016 /PRNewswire/ -- The week of April 18, Southern Nuclear hosted renowned safety presenter Candace Carnahan at high schools near each of its plant sites and the corporate office to educate students on the importance of maintaining safety awareness to avoid preventable accidents.
Southern Nuclear, a subsidiary of Southern Company, is located in Birmingham and operates Alabama Power's Joseph M. Farley Nuclear Plant near Dothan, Ala., and Georgia Power's Edwin I. Hatch Nuclear Plant near Baxley, Ga., and Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga.
"Southern Nuclear's top priority is the safety of our employees and plant neighbors," said Joe Parham, Southern Nuclear Fleet Safety and Health manager. "We partnered with Candace to promote safety to students in our communities and prepare our future workforce for what will always remain our top priority in everything we do."
Candace Carnahan shared her personal story about a devastating workplace incident in which she lost her lower left leg at the age of 21. She was working in a paper mill during her summer break from college, and while using a shortcut she picked up from fellow workers, her foot became caught in a conveyor belt that had no emergency stop system. A nearby worker was able to stop the conveyor and save Carnahan's life. Now, she uses her experience to share a positive message with audiences on eliminating preventable injuries.
"The first step in not getting hurt is knowing that you can be," she says.
"Our students were energized by Candace. She truly has a passion to promote workplace safety and warn others about the potential dangers of following the crowd," said Sabrina Campbell, Toombs County High School Career Technical Instruction program coordinator.
Burke County High School energy student Ar'nyya Walden said, "She made me realize that I am not invincible." Ali Gilbert added, "I now realize that getting hurt not only affects me, but it also affects my friends and family."
Carnahan's presentation put classroom learnings into perspective for Gabe Chavis, a pre-engineering student at Houston County Career and Technical Center.
"We designed conveyor systems and had to build emergency stops, and now I have a better understanding of why," he said.
Chavis' pre-engineering instructor, Shannon Jimmerson, said, "I love that this story has helped our students make the leap from classroom projects to real-world applications. It's so great when you see a student get it."
"Our students were in awe of Candace's story. Her message of 'if you see something, say something' resonated with them when dealing with workplace safety," said Zac McWhorter, Career Tech resource specialist with Shelby County Schools. "Since situations are always changing, students took her statement to heart about becoming too complacent in the workplace. One must always be aware and focused."
For more information on Carnahan, visit the Candace Carnahan website.
Southern Nuclear and Candace Carnahan tour schedule
April 18 – Plant Vogtle
Burke County High School, Waynesboro, Ga.
Richmond County Career Tech High School, Augusta, Ga.
April 19 – Plant Hatch
Toombs County High School, Lyons, Ga.
Jefferson Davis High School, Hazlehurst, Ga.
April 20 – Plant Farley
Northview High School, Dothan, Ala.
Houston Country Career and Technical Programs Center, Ashford, Ala.
April 21 – Corporate
Shelby County College and Career Center, Columbiana, Ala.
Shelby County High School, Columbiana, Ala.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear;
www.southerncompany.com/southernnuclear
About Southern Company:
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com
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SOURCE Southern Company
Article Date
4/22/2016DiversityInc names Southern Company a top U.S. diverse corporation
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 21, 2016 /PRNewswire/ -- Southern Company has been named to DiversityInc's 2016 Top 50 Companies for Diversity list. Additionally, the company placed No.1 in DiversityInc's newly created category of Top 10 Companies for Opportunities and sixth on the Top 10 Companies for Veterans list.
"Diversity is central to our business strategy. We hire smart and diverse people, then support and develop them and move them into larger roles," said Southern Company Chairman, President and CEO Thomas A. Fanning. "People with different backgrounds, judgments and experiences allow us to see around corners and invent the future. Diversity of people, thoughts and ideas is what ultimately makes us successful."
The annual survey – considered one of the most rigorous, data-driven analyses of its kind – gauges detailed demographics based on race/ethnicity and gender at some of the largest U.S. employers, all in an effort to better assess initiatives to hire, retain and promote women, minorities, people with disabilities, LGBT and veterans.
"It's clear that corporate America understands how diversity and inclusion strengthens everything from recruiting and retention to overall business success," said DiversityInc's Founder and CEO Luke Visconti. "We saw more than 1,000 companies submitting for contention on the list. It's a sign of their commitment and dedication to diversity management."
Companies with more than 1,000 U.S.-based employees are eligible to enter, and company rank is based on an objective analysis of nearly 200 separate factors. The four equally weighted areas of measurement are talent pipeline, equitable talent development, CEO and leadership commitment and supplier diversity.
To view DiversityInc's Top 50 Companies for Diversity list, visit http://www.diversityinc.com/top50 .
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
4/21/2016Georgia Power plans to reduce residential customer bills by nearly $5 effective June 1
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 20, 2016 /PRNewswire/ -- Georgia Power has filed a plan with the Georgia Public Service Commission (PSC) to reduce its fuel rates by an additional 15 percent. This new reduction, if approved by the PSC, is expected to lower the total monthly bill of the typical residential customer using 1,000 kilowatt-hours per month by approximately $4.60, beginning June 1. The reduction in the company's fuel rate is primarily driven by lower natural gas prices due in part to increased natural gas supplies. When combined with a previous fuel rate reduction which went into effect in January, the same Georgia Power residential customer will pay nearly $10 less in fuel costs each month.
In addition, last week, Georgia Power announced that its base electric rates will remain flat through 2019. This three-year base rate assurance for all of the company's 2.5 million customers followed a vote by the Georgia PSC on an agreement connected to the pending merger of Southern Company (the parent company of Georgia Power) and AGL Resources.
Due to proactive planning and a continued commitment to developing a diverse and balanced fuel mix, Georgia Power is able to take advantage of lower natural gas prices and pass these savings along to customers. New natural gas generation in place serving customers today includes Plant McDonough-Atkinson and Plant Yates. Additionally, thousands of new solar panels are also being installed across Georgia with carbon-free new nuclear generation at Plant Vogtle scheduled to come online beginning in 2019.
Georgia Power consistently offers rates that are below the national average. Over the past 26 years, the company's total retail rate has averaged more than 13 percent below the national average. The company's total retail price of 9.22 cents per kilowatt-hour at the end of 2015 was more than 14 percent below the national average. Georgia Power also works every day to help customers save money and energy through a variety of energy efficiency programs and services ranging from easy energy tips and rebates to energy tracking tools such as My Power Usage and in-home energy audits.
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning expected future rates and the expected schedule for completion of the Plant Vogtle expansion. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Georgia Power Company operates; variations in demand for electricity; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Georgia Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate cases related to fuel and other cost recovery mechanisms; the ability to successfully operate generating, transmission, and distribution facilities and the successful performance of necessary corporate functions; legal proceedings and regulatory approvals and actions related to the Plant Vogtle expansion, including Georgia PSC approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the ability of counterparties of Georgia Power Company to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on Georgia Power Company's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Georgia Power Company's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues; the ability of Georgia Power Company to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on Georgia Power Company's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
4/20/2016Georgia Power team to host 19th annual Run for the Reason
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 20, 2016 /PRNewswire/ -- For the 19th consecutive year, Georgia Power employees are running across the state to fight cancer during the annual Run for the Reason relay. This year, 18 employees will reverse the established nonstop, cross-state route and begin at Georgia Power headquarters (241 Ralph McGill Blvd.) and end on the coast at St. Simons Island. During the more than two-day, 350-mile relay run, employees expect to raise more than $75,000 for the American Cancer Society (ACS).
Since the inception of the event, Georgia Power runners have logged more than 7,000 miles and raised more than $1.6 million to aid cancer research. In addition to Run for the Reason, Georgia Power's longstanding support of ACS includes employee participation in multiple Relay for Life 24-hour fundraising walks in communities across the state each year.
Georgia Power will host a special public sendoff event on Wednesday, April 20 at 9 a.m., near the intersection of Ralph McGill and Piedmont Ave. in Atlanta. The event will conclude with a two mile run/walk at 10 a.m. open to all employees, neighbors, friends and family. On Wednesday, and throughout the relay, Georgia Power is inviting communities along the route to run alongside, or cheer-on, the team.
Key milestones* along the run include:
|
Griffin: |
4:20 p.m.; April 20 |
|
Barnesville: |
7:10 p.m.; April 20 |
|
Cordele: |
10:45 a.m.; April 21 |
|
Tifton: |
4:50 p.m.; April 21 |
|
Waycross: |
5:00 a.m.; April 22 |
|
Brunswick |
11:15 a.m.; April 22 |
|
St. Simons: |
1:30 p.m.; April 22 |
Bruce Feiman and Jimmy Zerkus, project managers at Georgia Power and co-organizers of Run for the Reason, note that, each year, Georgia Power participants run in memory of loved ones lost to cancer, in support of those currently fighting the battle and in celebration of survivors of cancer. However, the 2016 event will carry a special meaning.
"This year we are running not only for all of those impacted by cancer, but for members of our Georgia Power relay team," said Feiman. "Over the last year, two of our original runners have been battling cancer – we are dedicating this year's run to them and all cancer survivors."
Georgia Power invites social fans to follow photos and videos of the cross-state relay on Twitter (@GeorgiaPower) using #GAPowerfulRun and on Facebook (www.Facebook.com/GeorgiaPower). To donate to ACS in support of the Run for the Reason, visit the team's fundraising page.
*Dates and times are estimates. Contact Georgia Power Media Relations to request updates as the relay progresses through the state.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/20/2016Georgia Power joins with partners, elected officials to recognize Georgia linemen
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 19, 2016 /PRNewswire/ -- Georgia Power today joined dozens of linemen, as well as representatives from the state's electric membership corporations (EMCs), municipal electric providers and elected officials for a special event at the Georgia Capitol. During the event, attendees marked April as Lineman Appreciation Month in Georgia and recognized the importance of thousands of line workers who work day and night, rain or shine, to keep the lights on.
As a fitting tribute to the line workers in attendance and across the state, Governor Nathan Deal signed House Bill 767 into law Tuesday. The legislation adds utility vehicles and workers to an existing law which requires drivers to "move over" one lane. The law previously applied primarily to stationary law-enforcement vehicles, ambulances, wreckers and garbage trucks. The addition of utility workers to the law will help to ensure safety for linemen who may be working on the roadside at night or following severe weather to repair damaged equipment or restore power for customers.
"We are honored to unite with Governor Deal and our other utility partners to recognize the work of line crews in communities throughout Georgia," said Paul Bowers, chairman, president and CEO of Georgia Power. "Safety is our top priority in everything we do, and we would like to thank the Governor and the members of the legislature for passing this important legislation that will keep our workers safe in the field."
As a part of the Lineman Appreciation Month celebration, Georgia Power and the state's other electric utilities are inviting all of Georgia to say "thank you" to linemen for their work. Since April 1, hundreds of Georgians have signed the digital "thank you" card at www.ongeorgia.org/lineman and are sharing their stories on social media using #ThankALineman.
Line crews function seamlessly as part of a larger Georgia Power power delivery team, which also includes logistics teams and generation teams at power plants statewide, to keep reliable energy flowing to thousands of homes and businesses. In addition to serving the company's 2.5 million customers in Georgia, Georgia Power linemen are often called away from their families to help restore power to neighboring states when major storms or disasters occur. Georgia Power linemen can travel thousands of miles each year and can spend weeks in the field helping restore power to customers as far away as New York and Houston.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/19/2016First AP1000 reactor coolant pump delivered to Vogtle expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 18, 2016 /PRNewswire/ -- Georgia Power today announced the latest milestone in the construction of the expansion of Plant Vogtle near Waynesboro, Georgia – the delivery of the first reactor coolant pump for the project. Arriving via truck from Curtiss-Wright Corporation in Cheswick, Pennsylvania, the reactor coolant pump is also the first to be delivered to any U.S. AP1000 construction project. The pump weighs 187.5 tons, or 375,000 pounds, and is a critical component of the AP1000 design as it circulates hot primary-circuit water within the reactor. There are four reactor coolant pumps needed for each unit.
Other recent progress at the Vogtle site includes the safe placement of six new shield building panels for Unit 3, bringing the total number of panels installed to date to 20. The shield building, which encapsulates the Unit 3 containment vessel, is comprised of more than 160 individual steel panels. The reinforced individual panels can weigh 10 tons or more and be filled with concrete. Once fully assembled, the shield building will provide structural support of the containment cooling water supply and protect the containment vessel, which houses the reactor vessel and associated equipment.
The Vogtle project is the state's largest job-producing construction project with more than 5,000 construction workers onsite and 800 permanent jobs once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
4/18/20164/18/2016 - Southern Company raises dividend rate 15th straight year; annualized rate goes to $2.24 per share
Southern Company raises dividend rate 15th straight year; annualized rate goes to $2.24 per share
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 18, 2016 /PRNewswire/ -- Southern Company said today it is increasing its dividend by 7 cents per share on an annualized basis to a rate of $2.24 per share.
The increase marks the 15th straight year that Southern Company has raised the dividend on its common stock.
Southern Company also announced today a regular quarterly dividend – including an increase of 1.75 cents per share over the prior quarter – of 56 cents per share, payable June 6, 2016, to shareholders of record as of May 16, 2016. This marks 274 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.
"Southern Company's customer-focused business model has supported the delivery of regular, predictable and sustainable dividends for more than half a century," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This long-standing commitment to best meeting the energy needs of the customers we serve continues to drive both customer and shareholder value."
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward‐looking information based on current expectations and plans that involve risks and uncertainties. Forward‐looking information includes, among other things, statements concerning customer and shareholder value. Southern Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including, without limitation, Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission ("PSC")); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; actions related to cost recovery for the integrated coal gasification combined cycle facility under construction in Kemper County, Mississippi ("Kemper IGCC"), including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of further permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the expected timing, likelihood, and benefits of completion of the proposed acquisition of AGL Resources Inc., including the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals), the possibility that long-term financing for the acquisition may not be put in place prior to the closing, the risk that a condition to closing of the acquisition or funding of the bridge financing may not be satisfied, the possibility that the anticipated benefits from the acquisition cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected, the credit ratings of the combined company or its subsidiaries may be different from what the parties expect, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, the diversion of management time on acquisition-related issues, and the impact of legislative, regulatory, and competitive changes; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's subsidiaries to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
4/18/20164/14/2016 - Alabama Power declares dividends
Alabama Power declares dividends
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 14, 2016 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
Preferred Stock
($100 Par Value)
4.20% - $1.05 per share
4.52% - $1.13 per share
4.60% - $1.15 per share
4.64% - $1.16 per share
4.72% - $1.18 per share
4.92% - $1.23 per share
Class A Preferred Stock
($25 Capital Value)
5.83% - $.364375 per share
Preference Stock
($25 Capital Value)
6.45% - $.403125 per share
6.50% - $.406250 per share
These dividends are for the quarter ending June 30, 2016, payable July 1, 2016, to shareholders of record on June 16, 2016.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
SOURCE Alabama Power Company
Article Date
4/14/2016Georgia Power base electric rates to remain flat through 2019
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 14, 2016 /PRNewswire/ -- Georgia Power announced today that its base electric rates will remain flat through 2019. The announcement follows a vote by the members of the Georgia Public Service Commission (PSC) on an agreement connected to the pending merger of Southern Company (the parent company of Georgia Power) and AGL Resources. This three-year rate assurance is in addition to a net reduction of approximately $2.50 in the overall monthly bill for the typical residential customer primarily driven by a 14 percent decrease in the fuel rate. This reduction was effective January 1.
Georgia Power traditionally files a base electric rate case with the Georgia PSC every three years to consider new and existing costs to provide reliable electric service to its 2.5 million customers. The company's next base electric rate case was originally scheduled for this summer. However, as part of the agreement, Georgia Power, Southern Company, AGL Resources, Georgia PSC Staff and other parties agreed that the company's next base electric rate case should be postponed until July 2019 to ensure that benefits that the potential merger could bring to Georgia customers can be fully realized.
The company's last base electric rate case in 2013 incorporated the costs of investments in infrastructure required in order to maintain high levels of reliability and superior customer service. Investments in place today as a result of this process include new environmental controls on the company's generation fleet and improvements in the transmission and distribution network such as smart grid technologies to limit the frequency and duration of power outages.
Georgia Power consistently offers rates that are below the national average. Over the past 26 years, the company's total retail rate has averaged more than 13 percent below the national average. The company's total retail price of 9.22 cents per kilowatt-hour at the end of 2015 was more than 14 percent below the national average.
To learn more about how Georgia Power delivers clean, safe and reliable electricity at an affordable price, as well as customized rate plans and energy efficiency programs to help customers save money and energy every day, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/14/2016Southern Company, AGL Resources receive merger approval from Georgia regulators
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 14, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) have received unanimous regulatory approval of the companies' proposed merger from the Georgia Public Service Commission, with all intervening parties in support of the recently announced settlement agreement.
AGL Resources is the parent company of Atlanta Gas Light, a regulated utility providing natural gas distribution services to approximately 1,578,000 customers in Georgia.
When completed, the combination of Southern Company and AGL Resources would unite two Georgia-based energy leaders and is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
Southern Company is already one of the largest consumers of natural gas in America, with that fuel accounting for nearly half of the electricity generated to serve customers' needs. Southern Company's full portfolio of energy resources also includes carbon-free nuclear, 21st century coal, one of America's largest renewable energy portfolios and energy efficiency.
A natural extension of the company's commitment to finding real solutions for America's energy future, Southern Company's pending acquisition of AGL Resources will help address one of the key challenges facing the energy industry – developing the infrastructure necessary to send low-priced natural gas to areas where it is increasingly needed.
The companies expect to complete the transaction in the second half of 2016. For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the merger or the committed financing may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
4/14/20164/13/2016 - Plant Hatch unveils new FLEX Dome
Plant Hatch unveils new FLEX Dome
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 13, 2016 /PRNewswire/ -- Southern Nuclear and Georgia Power this week unveiled the new Hatch FLEX Dome storage building at the Edwin I. Hatch Nuclear Plant near Baxley, Ga. The dome houses portable emergency equipment and adds yet another layer of protection to the robust safety systems for Hatch units 1 and 2. U.S. nuclear plants, including Plant Hatch, are equipped with numerous redundant safety systems to prevent or respond to emergencies, including backup power resources such as DC battery banks and diesel generators.
In response to the 2011 Fukushima Daiichi event in Japan, in which that plant lost on-site and off-site power needed to operate its safety cooling systems, industry leaders in the U.S. have worked together to develop flexible, diverse strategies for protecting U.S. plants against such extreme events. These efforts are referred to as the FLEX strategy and include tactics such as FLEX domes.
David Vineyard, site vice president for Plant Hatch units 1 and 2, joined plant employees and Hatch FLEX Dome project leadership for a special event marking the completion of the new facility.
"Safety, and preparation at all levels, is always our top priority at Plant Hatch," said Vineyard. "The dome is the most visible part of the FLEX strategy, but we've also made modifications throughout the plant that further strengthen our ability to protect the health and safety of our workers and the public."
The Hatch FLEX Dome is 39-feet tall, nearly 50 yards wide and features steel-reinforced concrete walls that are 18 inches thick. The building is designed to withstand an earthquake, a direct hit by a tornado, airborne flying objects during a tornado or similar threats. The dome will store portable generators, pumps, communication equipment, refueling equipment, and other resources that might be needed if the power supply to the plant were interrupted for an extended period. The portable equipment would be put into service only in the event other redundant resources at the plant were depleted or damaged.
In addition to Plant Hatch, FLEX domes have been put into place at Southern Company nuclear facilities Plant Vogtle (Georgia) and Plant Farley (Alabama). Learn more about the construction of these facilities and Southern Company's commitment to safety in this video: https://www.youtube.com/watch?v=h-Sga8NyZzc
About Southern Nuclear
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southerncompany.com/southernnuclear
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by DiversityInc as a top company for Blacks and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company received the Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Electric Light & Power magazine's Utility of the Year for 2012 and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Nuclear
Article Date
4/13/2016Georgia Power named to SEPA Top 10 list for solar connected in 2015
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 12, 2016 /PRNewswire/ -- The Smart Electric Power Alliance (SEPA), formerly the Solar Electric Power Association, has named Georgia Power to its annual Top 10 Utility Solar list. SEPA made the announcement Tuesday at the Utility Solar Conference in Denver. The annual list recognizes a select group of U.S. utilities for solar connections to the grid in the past year. According to the SEPA rankings, in 2015, 218 solar systems were installed in Georgia (total of 189 MWs) as a result of Georgia Power's solar programs. The company was previously named 2014 Investor-Owned Utility of the Year by SEPA in recognition of the company's successful solar development efforts.
"Our strategically planned and innovative programs are bringing solar generation to Georgia and, as part of an overall diverse generation mix, ensuring that electric customers continue to have the clean, reliable and affordable energy they need every day," said Paul Bowers, chairman, president and CEO of Georgia Power. "We are honored to receive this recognition from SEPA."
"We saw record installations of solar in 2015 across the United States. Our Top 10 survey results detail the scale of this growth, and the active role an increasing number of utilities are playing in it," said Julia Hamm, SEPA's President and CEO. "This growth is occurring not only in well-known solar markets such as California and Hawaii, but in unexpected pockets of solar activity, including Tennessee, Ohio and Georgia."
Year after year, Georgia Power has worked to add solar to its generation portfolio through programs designed to prevent upward pressure on customer rates. In coordination with the Georgia Public Service Commission (PSC), thousands of new solar panels have been installed across Georgia as part of various progressive renewable energy programs, including the Advanced Solar Initiative (ASI) Prime program and five new on-base solar initiatives currently in progress with the U.S. Army and Department of the Navy.
Building on this multiyear momentum, Georgia Power has proposed 525 MW of new renewable generation by 2019 as part of its 2016 Integrated Resource Plan (IRP). In addition, the company has proposed new demonstration projects to further study wind and solar generation opportunities in the state.
To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.georgiapower.com/solar. To learn more about SEPA, visit www.solarelectricpower.org.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
4/12/2016New Vogtle timeline video showcases first-quarter progress at nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 11, 2016 /PRNewswire/ -- Georgia Power has released the latest timeline video from the Plant Vogtle nuclear expansion showcasing construction progress in the first quarter of 2016. Now more than 60 percent complete based on contractual milestones, progress is visible every day. The Vogtle project is the state's largest job-producing construction project with more than 5,000 construction workers onsite and 800 permanent jobs once the new units begin operation. Once all four units are online, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
Now available on Georgia Power's YouTube Channel, the new timeline video includes:
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
Video - https://www.youtube.com/watch?v=_1NNPdNd1Zc
Photo - http://photos.prnewswire.com/prnh/20160411/353693
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SOURCE Georgia Power
Article Date
4/11/2016Plant Farley Unit 2 planned activities underway for the production of clean, safe, affordable and reliable nuclear energy
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., April 11, 2016 /PRNewswire/ -- On April 10 at 10:50 a.m. CT, operators at the Joseph M. Farley Nuclear Plant safely took Unit 2 offline for a planned refueling and maintenance outage.
Each unit at Plant Farley requires new fuel every 18 months. The most recent refueling outage for Unit 2 was completed in the fall of 2014.
In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components to enhance efficiency and reliability.
"The key to a safe and successful outage is our outstanding employees and supporting partners," said Site Vice President Cheryl Gayheart. "Safety is our number one priority during the outage. I am proud of the preparations we have made, and our entire team is ready to accomplish this refueling outage safely using our expertise and teamwork."
Employees from across the Southern Nuclear fleet are assisting Farley's staff of more than 900 in the refueling effort. More than 800 additional alliance partners and vendors are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Farley Unit 1 continues to safely generate electricity while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southerncompany.com/southernnuclear.
About Southern Company:
With more than 4.4 million customers and nearly 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by DiversityInc as a top company for Blacks and designated a 2013 Top Employer for Hispanics by Hispanic Network. The company received the Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Electric Light & Power magazine's Utility of the Year for 2012 and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Company
Article Date
4/11/2016PowerSecure Announces May 5, 2016 As Date For Special Meeting
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
WAKE FOREST, N.C., April 7, 2016 /PRNewswire/ -- PowerSecure International, Inc. (NYSE: POWR) today announced that PowerSecure will hold a special meeting of stockholders on May 5, 2016, in connection with PowerSecure's proposed merger with a subsidiary of Southern Company (NYSE: SO). The special meeting will take place at 9:00 AM Eastern Time at the offices of PowerSecure located at 9400 Globe Center Drive, Suite 116, Morrisville, North Carolina 27560.
At the special meeting, PowerSecure stockholders will vote on whether to adopt the Agreement and Plan of Merger, dated as of February 24, 2016, among PowerSecure, Southern Company and a wholly owned subsidiary of Southern Company, and approve, on a non-binding, advisory basis, the compensation payable to PowerSecure's named executive officers in connection with the merger. Stockholders of PowerSecure as of April 7, 2016, the record date for the special meeting, will receive the proxy statement regarding the merger and be entitled to vote at the special meeting.
About PowerSecure
PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), solar energy, energy efficiency and utility infrastructure. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. The company's energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which the company offers, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users and directly to retailers. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the pending transaction. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "intend," "estimate," "plan," "believe," "may," "project," "potential," "forecast," "target," "guidance," "outlook," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology.
Although PowerSecure believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, the failure to receive, on a timely basis or otherwise, the required approval by PowerSecure stockholders; the risk that a condition to closing of the merger may not be satisfied; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the on-going uncertainty and inconsistency in the economy, financial markets and business markets; the impact of legislative, regulatory and competitive changes; and other risks, uncertainties and other factors identified from time to time in PowerSecure's reports filed with or furnished to the Securities and Exchange Commission ("SEC"), including its most recent Annual Report on Form 10-K, as well as subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as amendments thereto, copies of which may be obtained by visiting the investor relations page of each company's website or the SEC's website at www.sec.gov. There can be no assurance that the transaction will in fact be consummated.
PowerSecure cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to PowerSecure, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to PowerSecure or any other person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. PowerSecure undertakes no duty or obligation to update or revise any forward-looking statement for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise, except as may be required by law.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the merger between Southern Company and PowerSecure. In connection with the transaction, PowerSecure has filed relevant materials with the SEC, including a proxy statement in definitive form, and may file additional relevant material with the SEC. INVESTORS OF POWERSECURE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT POWERSECURE, SOUTHERN COMPANY AND THE MERGER. Investors may obtain a free copy of the definitive proxy statement and other documents filed by PowerSecure with the SEC at the SEC's website at www.sec.gov, at PowerSecure's website at www.powersecure.com or by sending a written request to PowerSecure International, Inc., 1609 Heritage Commerce Court, Wake Forest, North Carolina 27587, attention: Investor Relations. Security holders may also read and copy any reports, statements and other information filed by PowerSecure with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC's website for further information on its public reference room.
Participants in the Solicitation
Southern Company, PowerSecure and certain of their respective directors, executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Southern Company's directors and executive officers is available in Southern Company's proxy statement filed with the SEC on April 10, 2015 in connection with its 2015 annual meeting of stockholders, and information regarding PowerSecure's directors and executive officers is available in PowerSecure's proxy statement filed with the SEC on April 24, 2015 in connection with its 2015 annual meeting of stockholders. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.
Contact:
John Bluth
PowerSecure International, Inc.
(919) 453-2103
SOURCE PowerSecure International, Inc.
Article Date
4/7/2016Got Power? #ThankALineman with Georgia Power throughout April
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 7, 2016 /PRNewswire/ -- Georgia Power celebrates the work of thousands of linemen across the state keeping the lights on for customers in Georgia rain or shine. For the fourth consecutive year, Georgia Power is partnering with the state's other electric utilities to say "thank you" to the Georgia men and women who work tirelessly to ensure reliable electric service for customers in any season.
Whether it's celebrating the return of lights and heat with family during an ice storm or seeing power lines run to a new subdivision before moving in to a new house, Georgia Power invites customers to sign a special digital "thank you" card to share how the work of a lineman has positively impacted their lives. Visit www.ongeorgia.org/lineman to sign the card and browse thank you notes from 2015. Additionally, Georgians can follow stories from across the country on social media by using #ThankALineman.
"Our line crews are some of the most visible employees working every day to keep the lights on in communities from Dalton to Atlanta to Savannah," said Leslie Sibert, vice president of distribution for Georgia Power. "The dedication and passion of our linemen so often goes unnoticed and this annual celebration has become a great way for us to simply recognize their commitment to our customers."
Line crews function seamlessly as part of a larger Georgia Power power delivery team, which also includes logistics teams and generation teams at power plants statewide, to keep reliable energy flowing to thousands of homes and businesses. The work of Georgia linemen is visible year round, but is especially pronounced during outages which may occur following spring and summer thunderstorms, tornadoes and winter ice storms.
In addition to serving the company's 2.5 million customers in Georgia, Georgia Power linemen are often called away from their families to help restore power to neighboring states when major storms or disasters occur. Georgia Power linemen can travel thousands of miles each year and can spend weeks in the field helping restore power to customers as far away as New York and Houston. The company has received recognition from the Edison Electric Institute (EEI) for outstanding emergency response including the Emergency Recovery Award and the Emergency Assistance Award.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Video - http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/GEORGIA-POWER-LINEMEN.mp4
Photo - http://photos.prnewswire.com/prnh/20160407/352800
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SOURCE Georgia Power
Article Date
4/7/2016Southern Company first-quarter earnings to be released April 27
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 6, 2016 /PRNewswire/ -- Southern Company plans to release its earnings for the first quarter of 2016 by 7:30 a.m. EDT on Wednesday, April 27.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, April 27.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
4/6/20164/5/2016 - New filing illustrates importance of Plant Vogtle expansion to reliability, economic growth
New filing illustrates importance of Plant Vogtle expansion to reliability, economic growth
Source: PR Newswire
ATLANTA, April 5, 2016 /PRNewswire/ -- Georgia Power today presented a detailed filing to the Georgia Public Service Commission (PSC) outlining construction activities and current investments for the Plant Vogtle nuclear expansion. Underscoring the project's importance to electric reliability and Georgia's continued economic growth, the filing highlights reports from multiple expert sources on topics ranging from construction and project management to legal standards and regulatory compliance. This latest information continues to demonstrate that costs for the Vogtle expansion to date have been prudently invested, that the current cost and schedule forecast for the first new nuclear units in 30 years is reasonable and that a recent settlement agreement with the project's contractor is in the best interest of the state's electric customers.
Now more than 60 percent complete based on contractual milestones, progress continues at the Vogtle expansion every day. It is the state's largest job-producing construction project with more than 5,000 construction workers onsite and 800 permanent jobs once the new units begin operation.
"The Plant Vogtle expansion is the most important infrastructure project currently underway in Georgia and will ensure that our state has clean, safe, affordable and reliable electric energy for decades into the future," said Paul Bowers, chairman, president and CEO of Georgia Power. "We are committed to managing this important project well and every dollar we have invested has been necessary to complete the new units safely and correctly to best serve our customers."
Georgia Power submitted today's filing in response to a February request for information by the Georgia PSC following the finalization of the recent positive settlement agreement. The agreement resolved current and pending disputes between the co-owners and the contractors building the new units; reaffirmed the current in-service dates of June 2019 (Unit 3) and June 2020 (Unit 4); added additional contractual protections for the co-owners and customers; and increased efficiencies with Westinghouse and its affiliates as the primary contractor for the project.
The review and discussion of this detailed information by the Georgia PSC is one of the final steps necessary to confirm the prudent investment of approximately $3.1 billion by Georgia Power in the Vogtle nuclear expansion. The Georgia PSC has had the opportunity to review investments for the project every six months as part of the rigorous and transparent Vogtle Construction Monitoring (VCM) process, now in its 14th cycle. All costs reviewed through the VCM process have been unanimously approved.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates, other benefits the company has proactively pursued, and the fuel savings of nuclear. The company projects that, even with the new costs and schedule forecast, the peak rate impact will be approximately 6 to 7 percent – which is nearly half of the original rate impact forecast. Of this, approximately 4.5 percent is already in rates. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected impact on customer rates and the schedule for completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
Logo - http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
SOURCE Georgia Power
Article Date
4/5/20164/4/2016 - MCLB Albany solar project reaches milestone
MCLB Albany solar project reaches milestone
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, April 4, 2016 /PRNewswire/ -- Georgia Power announced today a major milestone in the development of the new 31 megawatt (MW) alternating current, or 44 MW direct current, solar generation facility at Marine Corps Logistics Base (MCLB) Albany. The company recently executed a real estate outgrant with the Department of the Navy (DON) that authorizes the company to use land on the base for the solar project. The agreement is a significant achievement for the project, which will further diversify the company's energy portfolio and increase DON's energy security.
"As work continues at the Submarine Base Kings Bay project near Savannah, we're excited to move one step closer to starting construction on our second Department of the Navy project at MCLB Albany," said Norrie McKenzie, vice president of Renewable Development for Georgia Power. "Our continued partnership with the Navy is helping us grow solar in Georgia while strengthening our state's military bases and stimulating investment in Georgia communities."
The outgrant provides Georgia Power with access to 150 acres of land at MCLB Albany for the development of ground-mounted solar photovoltaic (PV) panels to deliver energy to the state's electric grid. The company expects to bring the facility online in less than a year at or below the company's avoided cost, the amount projected it would cost the company to generate comparable energy from other sources. The solar project at MCLB Albany is estimated to represent an approximate $75 million investment at the installation.
"MCLB Albany has a strong commitment to energy security. Through our recent adoption of cutting-edge technologies, to include landfill gas-to-electric generators and ground source heat pumps, and our current effort to construct a biomass steam-fed electric generator, we are on track to achieve 'net zero' status well ahead of the Secretary of the Navy mandate," said Marine Corps Col. James C. Carroll III, commanding officer, MCLB Albany. "This project with Georgia Power will add to the base's energy security and diversify the area's power supply, making the grid and all who rely on it more resilient."
Renewable energy serving Georgia electric customers today includes solar, wind and biomass. Georgia Power's innovative solar programs, such as the Advanced Solar Initiative and new solar projects at five Georgia military bases, have been developed in coordination with the Georgia Public Service Commission (PSC) and are adding thousands of solar panels to the state's energy landscape with all of the company's renewable energy being procured at costs designed to prevent upward pressure on customer rates. In addition, as part of the 2016 Integrated Resource Plan recently filed with the Georgia PSC, the company has proposed an additional 525 megawatts of renewable generation and studies for potential new future wind generation in Georgia.
To learn more about Georgia Power's renewable energy initiatives, including solar programs and services for customers, as well as how the company maintains high reliability and low rates with a diverse generation portfolio, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of the MCLB Albany solar project. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
4/4/20163/31/2016 - Southern Company, PowerSecure announce the termination of the Hart-Scott-Rodino waiting period
Southern Company, PowerSecure announce the termination of the Hart-Scott-Rodino waiting period
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and WAKE FOREST, N.C., March 31, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act ("HSR Act") with regard to the companies' proposed merger, fulfilling one of the conditions to complete the transaction.
Completion of the merger is also conditioned upon, among other things, the approval of PowerSecure stockholders. The companies expect to complete the transaction by the end of the second quarter of 2016.
The combination of one of America's leading energy companies with a successful, customer-focused provider of differentiated energy solutions and innovative energy infrastructure is designed to expand Southern Company's opportunities to provide customized energy products to customers. By acquiring PowerSecure – a premier provider of distributed generation, energy efficiency and utility infrastructure solutions – Southern Company will be positioned to accelerate the ongoing expansion of energy product offerings that are intended to provide customers greater control of their energy use and will add complementary technical depth in customer-located reliability and efficiency technologies.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About PowerSecure
PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), solar energy, energy efficiency and utility infrastructure. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. The company's energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which the company offers, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users and directly to retailers. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the expected benefits of the transaction and the expected timing of the completion of the transaction. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "intend," "estimate," "plan," "believe," "may," "project," "potential," "forecast," "target," "guidance," "outlook," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology.
Although Southern Company and PowerSecure believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, the failure to receive, on a timely basis or otherwise, the required approval by PowerSecure stockholders; the risk that a condition to closing of the merger may not be satisfied; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the risk that the businesses will not be integrated successfully; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and PowerSecure will be greater than expected; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the on-going uncertainty and inconsistency in the economy, financial markets and business markets; the impact of legislative, regulatory and competitive changes; and other risks, uncertainties and other factors identified from time to time in in each of Southern Company's and PowerSecure's reports filed with or furnished to the Securities and Exchange Commission ("SEC"), including their most recent Annual Report on Form 10-K, as well as subsequently filed Quarterly Reports Form 10-Q and Current Reports on Form 8-K, copies of which may be obtained by visiting the investor relations page of each company's website or the SEC's website at www.sec.gov. There can be no assurance that the transaction will in fact be consummated.
Southern Company and PowerSecure caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and PowerSecure, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or PowerSecure or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor PowerSecure undertakes any duty or obligation to update or revise any forward-looking statement for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise, except as may be required by law.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the merger between Southern Company and PowerSecure. In connection with the transaction, PowerSecure intends to file relevant materials with the SEC, including a proxy statement in definitive form. INVESTORS OF POWERSECURE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT POWERSECURE, SOUTHERN COMPANY AND THE MERGER. Investors may obtain a free copy of these materials (when they are available) and other documents filed by PowerSecure with the SEC at the SEC's website at www.sec.gov, at PowerSecure's website at www.powersecure.com or by sending a written request to PowerSecure International, Inc., 1609 Heritage Commerce Court, Wake Forest, North Carolina 27587, attention: Investor Relations. Security holders may also read and copy any reports, statements and other information filed by Southern Company and PowerSecure with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC's website for further information on its public reference room.
Participants in the Solicitation
Southern Company, PowerSecure and certain of their respective directors, executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Southern Company's directors and executive officers is available in Southern Company's proxy statement filed with the SEC on April 10, 2015 in connection with its 2015 annual meeting of stockholders, and information regarding PowerSecure's directors and executive officers is available in PowerSecure's proxy statement filed with the SEC on April 24, 2015 in connection with its 2015 annual meeting of stockholders. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.
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SOURCE Southern Company
Article Date
3/31/2016Federal Energy Regulatory Commission Issues Positive Order on Grid Assurance(TM) Filing
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
COLUMBUS, Ohio, March 31, 2016 /PRNewswire/ -- The Federal Energy Regulatory Commission (FERC) issued a positive order March 25 to Grid Assurance™ that provides regulatory clarity supporting transmission-owning entities participating in and subscribing to Grid Assurance™ as a way to strengthen transmission grid resiliency. Grid Assurance™ had requested determinations on several issues from FERC in December 2015.
Eight electric utilities and energy companies announced Grid Assurance™ on June 10, 2015 as a limited liability company that expects to offer subscribers cost-effective solutions for enhancing transmission grid resiliency and protecting customers from prolonged transmission outages. FERC initially recognized the benefits of Grid Assurance™ in an Aug. 7, 2015 order. The Grid Assurance™ consortium subsequently developed a Subscription Agreement and has received clarity from FERC in a declaratory order that enables broader transmission owner participation.
In the March 25 order, the FERC confirmed:
Grid Assurance™ continues to evaluate the order and will seek additional clarification from FERC, if necessary. Grid Assurance™ expects to begin marketing this service to transmission owners in the second quarter with subscriber acceptance, warehouse specification and inventory identification occurring over the next 18 months. Grid Assurance™ plans to own and maintain critical, long lead-time equipment at secure, strategically located warehouses and offer logistics support to facilitate the expedited movement of equipment to the affected sites following qualifying events. Qualifying events can include physical attacks, cyberattacks, electromagnetic pulses, catastrophic events, solar storms, earthquakes and severe weather events. Grid Assurance™ services are intended to complement transmission owners' existing programs as well as established industry initiatives.
About Grid Assurance™:
Affiliates of American Electric Power (NYSE:AEP), Berkshire Hathaway Energy, Duke Energy (NYSE:DUK), Edison International (NYSE:EIX), Eversource Energy (NYSE:ES), Exelon (NYSE:EXC), Great Plains Energy (NYSE:GXP), and Southern Company (NYSE:SO) are pursuing development of Grid Assurance™, a limited liability company, to offer subscribers cost-effective solutions for enhancing transmission grid resiliency. Recovery of the transmission grid can be hampered by long lead times required to build and deliver critical replacement equipment including large transformers, circuit breakers and other specialized electrical equipment. Grid Assurance™ will give subscribers economical access to critical equipment faster than traditionally possible.
Additional information available at www.GridAssurance.com
SOURCE American Electric Power
Article Date
3/31/2016Closure preparation activities underway at all 29 Georgia Power ash ponds
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 29, 2016 /PRNewswire/ -- Georgia Power today announced that preparation activities are currently underway to permanently close all of the company's 29 ash ponds located at 11 coal-fired generation facilities across the state. Twelve ponds are scheduled for closure in less than two years; 16 are expected to close in less than 10 years; and one pond is expected to close in approximately 10-14 years.
"Our primary focus throughout the closure process is maintaining a reliable generation fleet, while conducting the closure process in the most efficient way possible," said Dr. Mark Berry, vice president of environmental affairs for Georgia Power.
Ash pond closures are site-specific and involve complex processes that balance multiple factors such as pond size, location, geology and amount of material. The company must also ensure reliable electricity for customers during the significant construction work that will take place within each plant to accommodate the dry handling of Coal Combustion Residuals (CCR) required by new federal regulations. The closure of all 29 ash ponds is expected to cost over a billion dollars over the next 10 years.
The company has worked with the Georgia Environmental Protection Division (EPD) on the closure plan and will continue to work closely with the EPD throughout the closure process. Additionally, all ash pond closures will be certified by a professional engineer.
Approximately 50 percent of the coal combustion by-products Georgia Power produces today are being recycled for various uses such as Portland cement, concrete, cinder blocks and drywall. In addition, the company has invested approximately $5 billion in new environmental compliance technologies for its coal-fired generation fleet, which are reducing emissions.
Georgia Power delivers clean, safe, reliable and affordable energy through a diverse generation mix, which includes renewable energy, such as wind and solar, along with coal-fired generation, natural gas and nuclear. Over the last five years, Georgia Power has safely retired or fuel-switched approximately 4,000 MW of coal and oil-fired generation and the company's coal-fired generation capacity is nearly half of what it was in 2005.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning environmental compliance plans, estimated expenditures and impact on customer rates. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws regulating emissions, discharges, and disposal to air, water, and land, and also changes in tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost overruns during the development and construction of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/29/20163/28/2016 - Upgrades to Plant Vogtle Unit 2 enhance the production of low-cost, carbon-free electricity
Upgrades to Plant Vogtle Unit 2 enhance the production of low-cost, carbon-free electricity
Source: PR Newswire
BIRMINGHAM, Ala., March 28, 2016 /PRNewswire/ -- Unit 2 of the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga., has safely resumed generating electricity following completion of a scheduled refueling and maintenance outage.
Plant operators safely took the unit offline on March 6, and it resumed electricity production on March 28, 2016, at 6:32 a.m. ET. In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components to enhance efficiency and reliability.
"Safety is our top priority, and our team is to be commended for completing this outage safely and efficiently," said Keith Taber, site vice president for Vogtle units 1 and 2. "The work performed during this outage is a significant investment in our facility and enhances our ability to produce clean, safe, affordable and reliable nuclear energy for the next 18 months."
Nearly 1,100 additional workers from Westinghouse, General Electric, Day & Zimmermann and other companies came to the plant to perform special tasks. Employees from across the Southern Nuclear fleet also assisted Vogtle's team in the refueling effort.
The last refueling outage for Unit 2 was completed in fall 2014. Unit 1 continued to safely generate electricity while Unit 2 was offline for the refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southerncompany.com/southernnuclear.
About Southern Company:
With more than 4.4 million customers and nearly 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by DiversityInc as a top company for Blacks and designated a 2013 Top Employer for Hispanics by Hispanic Network. The company received the Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Electric Light & Power magazine's Utility of the Year for 2012 and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
3/28/20163/24/2016 - Progress continues at Vogtle nuclear expansion
Progress continues at Vogtle nuclear expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 24, 2016 /PRNewswire/ -- The Vogtle 3 and 4 nuclear expansion project continues to progress with multiple milestones achieved over the past 30 days. Major recent construction achievements include the placement of 200 cubic yards of concrete to fill the walls of new shield building panels for Unit 3; placement of more than 1,800 cubic yards of concrete to fill the walls of the CA20 module; installation of component cooling water pumps on the Unit 3 turbine building; placement of concrete for the elevated roof slab on the southwest corner of the Unit 4 turbine building and the completion of vertical seam welds on placed shield building panels for Unit 3.
Now more than 60 percent complete based on contractual milestones, workers complete hundreds of activities at the site each day. The company has posted several new videos on the Georgia Power YouTube Channel including a time lapse video of the placement of the Condenser C Upper Shell for Unit 4, with new photos now available in the Vogtle 3 & 4 Photo Gallery.
Newly released photos and videos highlight:
Expanding Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy to meet the growing energy needs of Georgia. The Vogtle expansion is the largest construction project in Georgia with more than 5,000 workers onsite today and 800 permanent future jobs. When the new units join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates and other benefits the company has proactively pursued, and the fuel savings of nuclear. The project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion dates of June 2019 for Unit 3 and June 2020 for Unit 4. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning job creation, the expected impact on customer rates, and completion of construction of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of generating facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/24/2016Southern Company, AGL Resources receive merger approval from California regulators
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 22, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) have received unanimous regulatory approval of the companies' proposed merger from the California Public Utilities Commission.
AGL Resources is the parent company of Central Valley Gas Storage, a natural gas storage facility located in the Sacramento River valley.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
The companies expect to complete the transaction in the second half of 2016. For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is consistently ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the merger or the committed financing may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in each of Southern Company's and AGL Resources' Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
3/22/2016Georgia Power becomes first U.S. retail electric utility to offer Green Bonds
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 9, 2016 /PRNewswire/ -- Georgia Power announced today that it has completed the issuance of $325 million aggregate principal amount of Green Bonds, becoming the first retail electric utility in the United States to offer this type of security to support investment in sustainable generation. Offering the new Green Bonds is the latest way the company is supporting renewable development in Georgia including solar, wind and biomass.
"Georgia Power is a leader in responsible renewable development thanks to a shared commitment and collaboration with the Public Service Commission and renewable developers," said Paul Bowers, chairman, president and CEO of Georgia Power. "The issuance of these bonds will help us bring more renewable energy to the state while ensuring reliability and keeping our rates low for customers."
Offering Green Bonds allows Georgia Power to access a broader investment base for renewable projects and is expected to help keep financing costs lower for customers. Georgia Power intends to allocate the net proceeds of the offering primarily to renewable energy generation projects with any remaining net proceeds allocated to electric vehicle charging infrastructure or payments under power purchase agreements served by solar power or wind power generation facilities.
Renewable energy serving Georgia electric customers today as part of a diverse, balanced generation mix includes solar, wind and biomass. Georgia Power's innovative solar programs, such as the Advanced Solar Initiative and new solar projects at five Georgia military bases, are adding thousands of solar panels to the state's energy landscape with all of the company's renewable energy being procured at costs designed to prevent upward pressure on customer rates. As part of the 2016 Integrated Resource Plan, filed with the Georgia Public Service Commission (PSC) in January, the company has proposed an additional 525 megawatts of renewable generation for customers, as well as new initiatives to study the potential for new future wind generation in the state.
To learn more about Georgia Power's renewable energy initiatives, including solar programs and services for customers, as well as how the company maintains high reliability and low rates with a diverse generation portfolio, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Notes Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected use of proceeds from the offering and expected customer rates. Georgia Power Company ("Georgia Power") cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws regulating emissions, discharges, and disposal to air, water and land, and also changes in tax and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including, without limitation, Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Georgia Power operates; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Georgia Public Service Commission); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Georgia Power's employee and retiree benefit plans and nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate cases related to fuel and other cost recovery mechanisms; the ability to successfully operate generating, transmission, and distribution facilities and the successful performance of necessary corporate functions; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on Georgia Power 's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Georgia Power 's credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the Department of Energy loan guarantees; the ability of Georgia Power to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/9/2016Georgia Power reaches new citizenship milestones in 2015
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 8, 2016 /PRNewswire/ -- Georgia Power continues its longstanding commitment to give back to the communities it serves, announcing today that the company and the non-profit Georgia Power Foundation together invested more than $17 million in communities and non-profit organizations across the state in 2015. In addition, 6,000 employees and retirees completed more than 160,000 volunteer hours – an all-time record for the company.
"At Georgia Power, we strongly believe that being a citizen wherever we serve is as much a part of our business as delivering safe, reliable and affordable electricity to our 2.5 million customers," said Mike Anderson, senior vice president of Community & Corporate Relations for Georgia Power. "We have an obligation and a shared dedication to make a positive impact in our communities and 2015 was an outstanding year thanks to the efforts of our employees and retirees."
The company's community and corporate relations initiatives revolve around five key focus areas: Arts & Culture, Civic & Community, Education, Environment, and Health & Human Services. In 2015, Georgia Power helped dozens of organizations enrich local communities, as well as the lives of thousands of Georgians. Contributions included:
A full report outlining Georgia Power's 2015 community engagement efforts will be available this spring at www.GeorgiaPower.com/Community. To stay in touch with Georgia Power's work in the community every day, follow @GeorgiaPower and #GAPowerfulService on Twitter.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
3/8/2016Upgrades To Plant Hatch Unit 1 Enhance The Production Of Low-Cost, Carbon-Free Electricity, Protect Against Extreme Events
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., March 7, 2016 /PRNewswire/ -- Unit 1 of the Edwin I. Hatch Electric Generating Plant near Baxley, Ga., has safely resumed generating electricity following completion of a scheduled refueling and maintenance outage.
Plant operators safely took the unit offline on Feb. 8. Electricity production resumed on Friday, March 4 at 7:45 p.m. ET. As Unit 1 returns to full power, operators will perform a sequence of fuel rod pattern adjustments. Fuel rod pattern adjustments are required in boiling water reactors following deep down powers and outages to ensure the most efficient use of nuclear fuel.
In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components to enhance efficiency and reliability.
"Safety is our top priority, and our team is to be commended for completing this outage safely and efficiently," said Plant Hatch Vice President David Vineyard. "The work we perform during our outages is a significant investment in our facility. Unit 1 is positioned not just for the next 24 months, but for years of continued safe and reliable electricity production."
During the outage, employees completed the requirements for FLEX, the nuclear industry's flexible, diverse coping strategy to protect U.S. plants against extreme events.
"With back-up emergency equipment purchased and stored in the plant's dome – and plant modifications, procedures and training in place – Hatch Unit 1 now has full capability to mitigate extreme events," said David Gambrell, Southern Nuclear's Severe Accident Management Director. "If Hatch experienced an earthquake, a tornado or a flood, we can safely shut down and keep the reactor core and spent nuclear fuel cool. Thanks to FLEX, Plant Hatch – as well as our neighbors and our employees – are safer than ever before."
Employees from across the Southern Nuclear fleet assisted Hatch's staff of more than 900 in the refueling effort. Approximately 800 additional workers from General Electric, Day and Zimmerman, and other partners performed specialized tasks. These supplemental workers provided economic stimulus to surrounding communities during their stay in the area.
The last refueling outage for Unit 1 was completed in spring 2014. Hatch Unit 2 continued to safely generate electricity while Unit 1 was offline for the refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear;
www.southerncompany.com/southernnuclear.
About Southern Company:
With more than 4.4 million customers and nearly 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by DiversityInc as a top company for Blacks and designated a 2013 Top Employer for Hispanics by Hispanic Network. The company received the Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Electric Light & Power magazine's Utility of the Year for 2012 and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
3/7/20161,800+ cubic yards of concrete placed for Vogtle Unit 3 CA20 module
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 7, 2016 /PRNewswire/ -- Georgia Power announced today the latest milestone at the Vogtle nuclear expansion – the placement of more than 1,800 cubic yards of concrete to fill the walls of the CA20 module. The 45-hour continuous pour is a key achievement for the vertical construction of the shield building and will provide structural support for the installation of select mechanical modules.
The CA20 module, which weighs more than 2.2 million pounds, was placed in March of 2014. Towering more than five stories tall with a footprint of approximately 67 feet long by 47 feet wide, the CA20 module will house various plant components, including the used fuel storage area.
Expanding Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy to meet the growing energy needs of Georgia. The Vogtle expansion is the largest construction project in Georgia with more than 5,000 workers onsite today and 800 permanent future jobs. When the new units join the existing two units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses.
The projected overall peak rate impact of the Vogtle nuclear expansion continues to be significantly less than when the project was originally certified due to lower financing rates and other benefits the company has proactively pursued, and the fuel savings of nuclear. The project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion dates of June 2019 for Unit 3 and June 2020 for Unit 4. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
Follow the Action
Now more than 60 percent complete based on contractual milestones, progress continues across the Vogtle site. Click here for the time-lapse video of the March 2014 CA20 placement. Click here to visit the online Vogtle 3 & 4 photo gallery, updated every month with the latest photos of the project.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
3/7/2016Refueling activities and performance enhancements underway at Plant Vogtle Unit 2
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., March 7, 2016 /PRNewswire/ -- Plant operators safely took Unit 2 of the Alvin W. Vogtle Electric Generating Plant offline on Sunday, March 6, at 4:15 a.m. for a scheduled refueling and maintenance outage.
Each unit at Plant Vogtle requires new fuel every 18 months. The most recent refueling outage for Unit 2 was completed in the fall of 2014.
In addition to refueling the reactor during the outage, workers will perform regular maintenance and tests, and upgrade plant equipment.
"Safety is our number one priority during the outage," said Keith Taber, site vice president for Vogtle units 1 and 2. "A safe and successful outage is achieved through the focus of the entire organization – our employees and our supporting partners."
Nearly 1,100 additional workers from Westinghouse, General Electric, Day & Zimmermann and other companies have come to the plant to perform special tasks. Employees from across the Southern Nuclear fleet also are assisting Vogtle's team in the refueling effort.
These additional workers provide considerable economic stimulus to surrounding communities during their stay in the area.
Vogtle Unit 1 will continue to safely generate electricity while Unit 2 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southerncompany.com/southernnuclear
About Southern Company:
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
3/7/2016Southern Company subsidiary acquires East Pecos Solar Facility in Texas
Source: PR Newswire
ATLANTA, March 7, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the acquisition of the company's second solar project in Texas and its 35th generating facility overall – the 120-megawatt (MW) East Pecos Solar Facility.
"Southern Power's acquisition of the East Pecos Solar Facility underscores the company's commitment to strategically develop renewables across America," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This project aligns with its conservative business model as Southern Power has built one of the nation's largest renewable energy portfolios."
The East Pecos Solar Facility will be located on approximately 1,000 acres in Pecos County and is expected to consist of approximately 1.2 million of First Solar's thin-film, photovoltaic solar modules mounted on single-axis tracking tables.
First Solar is building and will operate and maintain the facility. Construction began in February and the facility is expected to reach commercial operation in the fourth quarter 2016.
The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a 15-year power purchase agreement with Austin Energy, which will have the option to keep or sell the RECs.
On Nov. 30, 2015, Southern Power announced the acquisition of a controlling interest in its first solar project in Texas – the 157-megawatt Roserock Solar Facility.
With more than 1,900 MW of renewable generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic development of 26 solar, wind and biomass projects either in operation or under development across the United States. In all, the Southern Company system has added or announced more than 3,800 MW of renewable energy projects since 2012.
The East Pecos Solar Facility fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have the rights to 35 facilities operating or under construction in nine states with more than 10,500 MW of generating capacity in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the East Pecos solar facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
3/7/2016Georgia Power to donate Plant Kraft property to Georgia Ports Authority
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, March 2, 2016 /PRNewswire/ -- Georgia Power today announced plans to donate property from the retired Plant Kraft to the Georgia Ports Authority (GPA) pending approval by the Georgia Public Service Commission (PSC) of the company's recent request to decertify the plant's last generation unit. Plant Kraft is located on the banks of the Savannah River in Port Wentworth, Georgia.
"The Georgia ports create jobs and drive economic growth, not just in Savannah, but in all 159 counties throughout Georgia," said Paul Bowers, chairman, president and CEO of Georgia Power. "The donation of the Plant Kraft property to the Georgia Ports Authority furthers these efforts and allows the property to continue serving Georgians while supporting our longstanding commitment to create a stronger economic future for our state."
"The Georgia Ports Authority is very pleased to work with Georgia Power on this exciting new opportunity," said James A. Walters, chairman of the board of the Georgia Ports Authority. "Plant Kraft is contiguous to the Authority's existing property in Port Wentworth, Georgia and will allow improved services and cargo handling opportunities through the nearby Garden City container terminal. This will be an important addition for long term economic development opportunities in Georgia."
Plant Kraft Units 1-4 were retired as part of the company's 2013 Integrated Resource Plan (IRP), approved by the Georgia PSC. The company is currently working to safely dismantle the previously retired units.
The plant site is bordered by Georgia Ports Authority property to the north, Norfolk-Southern Railroad to the west, and Georgia Atlantic Port LLC, formerly Atlantic Wood Industries, to the south. The location is expected to help the GPA continue to provide its customers with the most efficient, productive port facilities in the nation, creating jobs and business opportunities to benefit more than 10 million Georgians.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
3/2/2016Mississippi Power breaks ground on Seabee Base solar facility
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., March 2, 2016 /PRNewswire/ -- Mississippi Power's commitment to renewable energy is on track after the March 2 groundbreaking ceremonies on one of the company's three renewable energy solar projects.
Mississippi Power, Hannah Solar and the U.S. Navy are partnering on a 23-acre, 3-4-MW solar project at The Naval Construction Battalion Center (Seabee Base) in Gulfport.
"Renewable energy is important to a well-balanced energy portfolio," said Mississippi Power President and CEO Anthony Wilson. "This is one of three utility-scale solar projects that have been approved by the Mississippi Public Service Commission, making our company the state's largest partner in renewable energy. We are proud to team up with the Navy, along with the Commission and its staff, on this very important project."
The facility will have roughly 13,000 panels, providing enough electricity to supply the equivalent of 450 homes.
"Partnerships like the one between Mississippi Power and the Department of the Navy make us stronger," said Honorable Dennis V. McGinn, assistant secretary of the Navy for energy, installations and environment. "It enables us to better serve and complete our mission. The efforts of NCBC to be effective managers of energy resources have been recognized at the highest levels of the Navy, and it is these efforts that make all of our bases more resilient and secure."
In addition to the Seabee Base project, Mississippi Power and Silicon Ranch Solar are partnering on a 450-acre, 50-MW electric solar generating station in Hattiesburg. The company is also partnering with Origis Energy on a 52-MW utility-scale solar energy project in Sumrall.
Combined at 105 MW, these projects will make Mississippi Power the largest partner in renewable energy in the state.
The developers of the solar energy projects will finance each installation with Mississippi Power receiving all of the energy and associated renewable energy credits (RECs) generated by the projects. The energy and RECs may be used to serve customers with renewable energy, for future renewable energy programs or to sell at wholesale to third parties. The power will be purchased through long-term power purchase agreements with the developers.
As an intermittent energy resource, the solar facilities will not replace Mississippi Power's generating plants, but will have the capability to provide energy that will help diversify the company's generation portfolio and help keep rates affordable for customers.
Construction on all three projects is slated to begin later this year.
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power earned the 2015 ReliabilityOne™ Award for outstanding midsize utility for excellence in storm restoration and recovery efforts as well as being a leader in reliability, customer service and safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, follow us on Twitter, LinkedIn, Google+ and YouTube.
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SOURCE Mississippi Power
Article Date
3/2/2016Southern Company to Acquire PowerSecure International, Inc.
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA and WAKE FOREST, N.C., Feb. 24, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure, with PowerSecure becoming a wholly owned subsidiary of Southern Company.
Southern Company believes that the advancement of distributed infrastructure technologies – the very technologies in which PowerSecure specializes through its unique business model – helps meet customers' future energy needs as part of the full portfolio of energy resources. These technologies typically receive highest demand largely in markets outside of the Southeast, where distributed infrastructure investments tend to provide greater customer value. Through this natural evolution of the companies' current business models, the combined company would be particularly suited to address reliability concerns and promote technology advances with a focus on the future.
As Southern Company and PowerSecure prepare for tomorrow, the combination of one of America's leading energy companies with a successful, customer-focused provider of differentiated energy solutions and innovative energy infrastructure is designed to expand Southern Company's opportunities to provide customized energy products to customers.
"As energy technologies and customer expectations continue to evolve, the electric utility business model is increasingly expanding beyond the meter," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Today there is demand for distributed infrastructure solutions that best meet each customer's unique energy needs. With the addition of PowerSecure to Southern Company, we're extending our commitment to create America's energy future by tapping into industry-leading expertise to deliver cutting-edge solutions to energy consumers nationwide."
By acquiring a premier provider of distributed generation, energy efficiency and utility infrastructure solutions, Southern Company will be positioned to accelerate the ongoing expansion of energy product offerings that are intended to provide customers greater control of their energy use and will add complementary technical depth in customer-located reliability and efficiency technologies.
"Southern Company has earned a reputation as one of America's premier utilities by deploying its technical expertise and financial strength to best serve customers," said Sidney Hinton, chief executive officer of PowerSecure. "These attributes, combined with Southern Company's nationally recognized customer service, make Southern Company the ideal partner for PowerSecure to deliver even greater value to our customers. We are incredibly excited about the potential to accelerate and expand our business as part of Southern Company as we continue to serve our data center, hospital, utility and other customers."
Under the terms of the agreement, PowerSecure's stockholders will be entitled to receive $18.75 in cash for each share of PowerSecure common stock in a transaction with a purchase price of approximately $431 million.
After closing, the companies anticipate that PowerSecure's operations, including its management team and corporate headquarters, will continue to be based in Wake Forest, N.C.
Completion of the transaction is conditioned upon, among other things, the approval of PowerSecure stockholders. The transaction is also subject to the notification and clearance and reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The companies expect to complete the transaction by the end of the second quarter of 2016.
Jones Day, Gibson Dunn & Crutcher LLP and Troutman Sanders LLP are serving as legal counsel to Southern Company. J.P. Morgan Securities LLC is serving as the exclusive financial advisor to PowerSecure and Wachtell, Lipton, Rosen & Katz and Kegler Brown Hill + Ritter are serving as legal counsel to PowerSecure.
PowerSecure Conference Call
PowerSecure management will webcast a conference call at 5:30 p.m. ET on Wednesday, Feb. 24, 2016. To access the live webcast, please log on to the investor section of the company's website at http://www.powersecure.com.
The call can also be accessed by dialing 888-339-2688 (or 617-847-3007 if dialing internationally) and providing pass code 89811649. If you are unable to participate during the live webcast, a replay of the conference call will be available approximately two hours after the completion of the call through midnight on March 9, 2016. To listen to the replay, dial 888-286-8010 (or 617-801-6888 if dialing internationally), and enter passcode 86873735. In addition, the webcast will be archived on the company's website at www.powersecure.com.
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit www.southerncompany.com.
About PowerSecure
PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), solar energy, energy efficiency and utility infrastructure. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. The company's energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which the company offers, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users and directly to retailers. PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the expected benefits of the transaction, the expected timing of the completion of the transaction, anticipated future financial and operating results, and Southern Company's and PowerSecure's future plans, objectives, expectations and intentions. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "intend," "estimate," "plan," "believe," "may," "project," "potential," "forecast," "target," "guidance," "outlook," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology.
Although Southern Company and PowerSecure believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, the failure to receive, on a timely basis or otherwise, the required approvals by PowerSecure stockholders and government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of the merger may not be satisfied; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the risk that the businesses will not be integrated successfully; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and PowerSecure will be greater than expected; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the on-going uncertainty and inconsistency in the economy, financial markets and business markets; the impact of legislative, regulatory and competitive changes; and other risks, uncertainties and other factors identified from time to time in in each of Southern Company's and PowerSecure's reports filed with or furnished to the Securities and Exchange Commission, including their most recent Annual Report on Form 10-K, as well as subsequently filed Quarterly Reports Form 10-Q and Current Reports on Form 8-K, copies of which may be obtained by visiting the investor relations page of each company's website or the SEC's website at www.sec.gov. There can be no assurance that the transaction will in fact be consummated.
Southern Company and PowerSecure caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and PowerSecure, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or PowerSecure or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor PowerSecure undertakes any duty or obligation to update or revise any forward-looking statement for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise, except as may be required by law.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the merger between Southern Company and PowerSecure. In connection with the transaction, PowerSecure intends to file relevant materials with the SEC, including a proxy statement in preliminary and definitive form. INVESTORS OF POWERSECURE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT POWERSECURE, SOUTHERN COMPANY AND THE MERGER. Investors may obtain a free copy of these materials (when they are available) and other documents filed by PowerSecure with the SEC at the SEC's website at www.sec.gov, at PowerSecure's website at www.powersecure.com or by sending a written request to PowerSecure International, Inc., 1609 Heritage Commerce Court, Wake Forest, North Carolina 27587, attention: Investor Relations. Security holders may also read and copy any reports, statements and other information filed by Southern Company and PowerSecure with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC's website for further information on its public reference room.
Participants in the Solicitation
Southern Company, PowerSecure and certain of their respective directors, executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the transaction. Information regarding Southern Company's directors and executive officers is available in Southern Company's proxy statement filed with the SEC on April 10, 2015 in connection with its 2015 annual meeting of stockholders, and information regarding PowerSecure's directors and executive officers is available in PowerSecure's proxy statement filed with the SEC on April 24, 2015 in connection with its 2015 annual meeting of stockholders. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.
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SOURCE Southern Company
Article Date
2/24/20162/24/2016 - Southern Company leading global carbon capture research and development network for U.S.
Southern Company leading global carbon capture research and development network for U.S.
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 24, 2016 /PRNewswire/ -- Southern Company today assumed leadership of the Carbon Capture International Test Center Network (ITCN), a global coalition of facilities working to accelerate the research and development (R&D) of carbon capture technologies. The National Carbon Capture Center (NCCC), a U.S. Department of Energy (DOE) research facility managed and operated by Southern Company, will serve as the host site for the ITCN.
Formed in 2012, the ITCN facilitates knowledge-sharing among carbon capture test facilities around the world with the goal of advancing the development and commercial deployment of carbon capture technologies.
"Southern Company is at the forefront of worldwide efforts to create the next generation of carbon capture technologies," said Southern Company Executive Vice President and Chief Operating Officer Kimberly S. Greene. "Through our partnership with DOE and ITCN members, we are building on our commitment to finding real solutions by developing advanced, coal-based technologies."
The NCCC will chair and operate the ITCN with DOE's Office of Fossil Energy for the next two years, a role held by Technology Centre Mongstad (TCM) of Norway since 2013. The transfer of the chairmanship was officially observed during a ceremony today in Houston, attended by representatives of DOE, Southern Company and TCM.
Working with scientists and technology developers from government, industry and universities, the NCCC, located in Alabama, conducts R&D to evaluate and advance emerging carbon capture technologies to reduce greenhouse gas emissions from coal- and natural gas-based power generation.
An industry leader in robust, proprietary R&D, Southern Company has managed more than $2 billion in R&D investments since the 1960s. The Southern Company system's environmental R&D also includes conducting the nation's largest demonstration of carbon capture on a pulverized-coal power plant at subsidiary Alabama Power's Plant Barry, and the development of Transport Integrated Gasification – or TRIG™ – the 21st century coal technology at the center of Southern Company subsidiary Mississippi Power's Kemper County energy facility. The Kemper project is designed to generate electricity from low-rank coal with resulting carbon emissions better than a similarly sized natural gas plant. TRIG™ and other proprietary technologies were developed at the NCCC.
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
2/24/2016Southern Company, AGL Resources receive merger approval from Virginia regulators
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 23, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) today received unanimous regulatory approval of the companies' proposed merger from the Virginia State Corporation Commission.
AGL Resources is the parent company of Virginia Natural Gas, a regulated utility providing natural gas distribution services to approximately 290,000 customers in southeastern Virginia, including the Hampton Roads region.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
The companies expect to complete the transaction in the second half of 2016. For more information about the proposed merger, visit www.doingenergybetter.com.
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit www.southerncompany.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves over one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index. For more information, visit www.aglresources.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected timing of the completion of the proposed merger and the expected benefits thereof. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue" and the negative or plural of these words and other comparable terminology. Although Southern Company and AGL Resources believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, including, but not limited to, factors and assumptions regarding the items outlined above. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the merger or the committed financing may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected; the credit ratings of the combined company or its subsidiaries may be different from what the parties expect; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and AGL Resources' reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this release, as well as under Item 1.A in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, Southern Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 and AGL Resources' Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Southern Company and AGL Resources caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to Southern Company and AGL Resources, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company or AGL Resources or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor AGL Resources undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
Article Date
2/23/2016Southern Company named to Fortune magazine's World's Most Admired Companies ranking for seventh consecutive year
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 22, 2016 /PRNewswire/ -- Fortune magazine has named Southern Company to its 2016 "World's Most Admired Companies" list, marking the seventh consecutive year the company has earned recognition among the publication's top three utilities worldwide.
Fortune recognized Southern Company as an industry leader for its quality of management, value as a long-term investment, the quality of products/services offered and its innovation. Other criteria included the company's financial soundness, wise use of corporate assets, effectiveness in conducting its business globally and responsibility to the community and/or the environment.
"Southern Company consistently earns recognition among the world's top companies because we keep these qualities central to our business," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Today we are creating America's energy future by developing real solutions for the benefit of customers and communities."
The Hay Group administered the Fortune survey, starting with about 1,400 companies: the Fortune 1,000 – the 1,000 largest U.S. companies ranked by revenue – and non-U.S. companies in Fortune's Global 500 database with revenue of $10 billion or more. Hay then selected the 15 largest companies for each international industry and the 10 largest for each U.S. industry, surveying a total of 692 companies from 30 countries. To create the 57 industry lists, Hay asked executives, directors and analysts to rate companies in their industry on the nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
2/22/2016Vogtle 13th VCM costs unanimously approved by Georgia PSC
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 18, 2016 /PRNewswire/ -- Georgia Power announced today that the Georgia Public Service Commission (PSC) has verified and approved $148 million in costs submitted by the company through the 13th Vogtle Construction Monitoring (VCM) Report. The report details progress and investments made by Georgia Power for the Vogtle nuclear expansion from January 1 through June 30, 2015. To date, the Georgia PSC has unanimously reviewed and approved $3.1 billion invested by the company through the rigorous and transparent VCM process.
The projected overall peak rate impact of the Vogtle nuclear expansion is significantly less than when the project was originally certified due to financing and other benefits that we have proactively pursued, and the fuel savings of nuclear. The project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion dates of June 2019 for Unit 3 and June 2020 for Unit 4.
The VCM process, recurring every six months, provides the members of the Georgia PSC, Georgia Power and various other organizations and individuals, the opportunity to review and discuss the progress of the first new nuclear units to be built in the United States in more than three decades. Completing the Vogtle expansion remains the best cost option for Georgia electric customers and, with an operating lifetime of more than 60 years, the new units will ensure that the state's electrical infrastructure is prepared to meet increased demand tied to anticipated economic growth.
Progress Continues
Now more than 60 percent complete based on contractual milestones, progress continues across the Vogtle site. Significant progress over the past 30 days includes the placement of approximately 750 cubic yards of concrete through a 10 hour continuous pour within the Unit 3 containment area, the installation of eight new shield building panels for Unit 3; installation of four feedwater heaters in the Unit 3 turbine building; the completion of welding of the Unit 4 Condenser B upper shell to the lower shell; and installation of new structural steel within the Unit 4 turbine island.
What Vogtle Means to Georgia
The expansion at Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected timing for completion of Plant Vogtle units 3 and 4 and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
2/18/2016New photos chronicle progress at Vogtle expansion
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 15, 2016 /PRNewswire/ -- Georgia Power today released the latest photos chronicling progress at the historic nuclear expansion near Waynesboro, Georgia in the Vogtle 3 & 4 Photo Gallery. The new photos, available in the online photo gallery, illustrate the daily efforts of thousands of construction workers safely completing the country's first new nuclear units in more than 30 years.
Now more than 60 percent complete based on contractual milestones, progress continues across the Vogtle site. Significant progress over the past 30 days includes the placement of approximately 750 cubic yards of concrete through a 10 hour continuous pour within the Unit 3 containment area, the installation of eight new shield building panels for Unit 3; installation of four feedwater heaters in the Unit 3 turbine building; the completion of welding of the Unit 4 Condenser B upper shell to the lower shell; and installation of new structural steel within the Unit 4 turbine island.
Newly released photos from January include:
The projected overall peak rate impact of the Vogtle nuclear expansion is significantly less than when the project was originally certified due to financing and other benefits of the project that Georgia Power has proactively pursued, and the fuel savings of nuclear. The project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion date of 2020. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
In addition to the online photo gallery, videos of major lifts and regular updates from the construction site are available on the Georgia Power YouTube Channel.
What Vogtle Means to Georgia
The expansion at Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
2/15/20162/15/2016 - Southern Company subsidiary and Turner Renewable Energy acquire Calipatria Solar Facility in California
Southern Company subsidiary and Turner Renewable Energy acquire Calipatria Solar Facility in California
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 15, 2016 /PRNewswire/ -- Southern Company subsidiary Southern Power and Turner Renewable Energy today announced the joint acquisition of the 20-megawatt (MW) Calipatria Solar Facility from Solar Frontier Americas. The project represents Southern Power's 10th solar facility in California and its 25th renewable energy facility overall.
"The acquisition of the Calipatria Solar Facility underscores Southern Power's leadership in helping create America's energy future," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Through strategic partnerships, including with Turner Renewable Energy, we are continuing our tremendous growth as a national renewable energy leader."
With more than 1,800 MW of generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic development of 25 solar, wind and biomass projects either in operation or under development across the United States. In all, the Southern Company system has added or announced more than 3,800 MW of renewable energy projects since 2012.
Ted Turner, owner of Turner Renewable Energy, teamed with Southern Company through a subsidiary in January 2010 to form a strategic alliance to pursue the development of renewable energy projects in the United States. The partnership has primarily focused on developing and investing in large-scale solar photovoltaic (PV) projects in the Southwest. The company's ninth solar acquisition with Turner Renewable Energy, the Calipatria project brings the partnership's overall solar capacity to more than 340 MW operating or under development.
"The acquisition of the Calipatria Solar Facility is an important effort to further develop clean, renewable energy through this outstanding partnership," said Turner. "We are pleased to continue growing the solar portfolio in collaboration with Southern Company."
The Calipatria Solar Facility fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
The project is expected to be located on approximately 160 acres in Imperial County and is expected to consist of approximately 130,000 CIS thin-film solar modules.
DEPCOM Power is providing engineering, procurement and construction services. Construction of the plant began in August 2015, and commercial operation is expected in the first quarter of 2016.
The facility has a 20-year power purchase agreement with San Diego Gas & Electric Company.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider, meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have rights to 34 facilities in nine states, with more than 10,400 MW of generating capacity operating or under development in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Turner Renewable Energy
Turner Renewable Energy is wholly owned by Ted Turner. Turner Enterprises Inc., a private company, manages the business interests, land holdings and investments of Ted Turner, including the oversight of 2 million acres in 12 states and in Argentina, and more than 51,000 bison.
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the Calipatria Solar Facility. Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
2/15/2016Stay warm, save energy with cold weather tips from Georgia Power
Source: PR Newswire
ATLANTA, Feb. 10, 2016 /PRNewswire/ -- Georgia Power reminds customers that a few easy fixes around the house will help them stay warm during cold winter weather, while saving money and energy. Making small changes to increase home energy efficiency can deliver big savings for customers during the winter and throughout the year:
Saving Made Easy
Georgia Power works year round to provide customers with energy saving tools and resources online at www.GeorgiaPower.com/save, including hundreds of easy energy tips, access to a free online energy checkup or a free in-home energy audit and a variety of rebates and incentives for both homes and businesses. Additionally, step by step instructions for the do-it-yourselfer are easy to find on Georgia Power's YouTube Channel with new #PowerfulSavings tips often from @GeorgiaPower on Twitter.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
2/10/2016Refueling Activities And Performance Enhancements Underway At Plant Hatch Unit 1
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Feb. 8, 2016 /PRNewswire/ -- This morning at midnight ET, operators at the Edwin I. Hatch Electric Generating Plant safely took Unit 1 offline for a planned refueling and maintenance outage.
The last refueling outage for Unit 1 was completed in spring 2014. Each unit at Plant Hatch requires new fuel every 24 months. In addition to refueling the reactor and performing regular maintenance and testing, workers will make upgrades to plant systems and components.
"Safety is our number one focus and priority during the outage," said Plant Hatch Vice President David Vineyard. "The key to a safe and successful outage is our outstanding employees and supporting partners. I am proud of the preparations we have made and our entire team is ready to accomplish this refueling outage safely using our expertise and teamwork."
Employees from across the Southern Nuclear fleet are assisting Plant Hatch's staff of more than 900 in the refueling effort. More than 800 additional workers from General Electric, Day and Zimmerman, and other partners are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.
Plant Hatch Unit 2 will continue to safely generate electricity while Unit 1 is offline and refueling.
About Southern Nuclear:
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala. Twitter: @SouthernNuclear. Facebook: facebook.com/southernnuclear
About Southern Company:
With 4.4 million customers and more than 43,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company also is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Nuclear
Article Date
2/8/2016Southern Company reports fourth quarter and full year 2015 earnings
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 3, 2016 /PRNewswire/ -- Southern Company today reported fourth quarter 2015 earnings of $271 million, or 30 cents per share, compared with earnings of $283 million, or 31 cents per share, in the fourth quarter of 2014. Southern Company also reported full year 2015 earnings of $2.4 billion, or $2.60 per share, compared with earnings of $2 billion, or $2.19 per share, for the same period in 2014.
Earnings for the fourth quarter and the full year 2015 include after-tax charges of $113 million (12 cents per share) and $226 million (25 cents per share), respectively, related to increased cost estimates for the construction of Mississippi Power's Kemper County integrated gasification combined cycle (IGCC) project. Earnings for the fourth quarter and the full year 2014 include after-tax charges of $60 million (7 cents per share) and $553 million (61 cents per share), respectively, related to Kemper IGCC impacts. Earnings for the fourth quarter and the full year 2015 also include after-tax charges of $19 million and $31 million, respectively, related to the proposed acquisition of AGL Resources Inc. Furthermore, earnings for the full year 2015 include a $4 million after-tax charge related to the discontinued operations of Mirant and the March 2009 settlement agreement with MC Asset Recovery, LLC.
Excluding these items, Southern Company earned $403 million, or 44 cents per share, during the fourth quarter of 2015, compared with $343 million, or 38 cents per share, during the fourth quarter of 2014. For the full year 2015, excluding these items, Southern Company earned $2.63 billion, or $2.89 per share, compared with earnings of $2.52 billion, or $2.80 per share, for the same period in 2014.
Earnings for the fourth quarter and full year 2015 were positively influenced by retail revenue effects at Southern Company's traditional operating companies and success with renewable energy projects at wholesale subsidiary Southern Power. These positive drivers were partially offset by higher depreciation and warmer weather during the fourth quarter. Earnings for the full year 2015 were further positively influenced by residential and commercial sales growth, partially offset by increased share issuances and increased operation and maintenance costs.
"2015 was a tremendous year for Southern Company," said Chairman, President and CEO Thomas A. Fanning. "We saw strong financial performance both from our wholesale subsidiary, Southern Power, and our traditional operating companies. Our state-regulated utilities delivered these 2015 results despite the warmest December on record in the last 120 years. We also improved our overall risk profile by addressing several issues related to our large construction projects, including the settlement of litigation concerning Plant Vogtle and the approval of rate recovery for the in-service assets at the Kemper IGCC."
Fourth quarter 2015 operating revenues were $3.61 billion, compared with $4.02 billion for the same period in 2014, a decrease of 10.2 percent. Operating revenues for the full year 2015 were $17.53 billion, compared with $18.47 billion for the same period in 2014, a 5.1 percent decrease. These operating revenue decreases were primarily due to lower fuel costs being passed on to customers.
Kilowatt-hour sales to retail customers in Southern Company's four-state service area decreased 5.7 percent in the fourth quarter of 2015, compared with the fourth quarter of 2014. Residential energy sales decreased 13.5 percent, commercial energy sales decreased 1.5 percent and industrial energy sales decreased 2.7 percent. For the full year 2015, retail sales decreased 0.7 percent, compared with the same period in 2014. Residential energy sales decreased 2.3 percent, commercial energy sales increased 0.5 percent and industrial energy sales decreased 0.4 percent.
Weather-adjusted kilowatt-hour sales to retail customers in Southern Company's four-state service area decreased 0.4 percent in the fourth quarter of 2015, compared with the fourth quarter of 2014. Weather-adjusted residential energy sales increased 0.3 percent and weather-adjusted commercial energy sales increased 1.3 percent.
For the full year 2015, weather-adjusted retail sales increased 0.3 percent compared with the same period in 2014. Weather-adjusted residential energy sales increased 0.4 percent and weather-adjusted commercial energy sales increased 0.9 percent.
Total energy sales to the Southern Company system's customers in the Southeast, including wholesale sales, decreased 6.3 percent in the fourth quarter of 2015, compared with the same period in 2014. For the full year 2015, total energy sales decreased 1.8 percent, compared with the same period in 2014.
Southern Company's financial analyst call will begin at 1 p.m. Eastern time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available at the site for 12 months.
Southern Company has also posted on its website detailed financial information on its fourth quarter and full year performance. These materials are also available at http://investor.southerncompany.com/webcasts.
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forwardlooking information based on current expectations and plans that involve risks and uncertainties. Forwardlooking information includes, among other things, statements concerning Southern Company's risk profile. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forwardlooking information that has been provided. The reader is cautioned not to put undue reliance on this forwardlooking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10K for the year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forwardlooking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws including regulation of water, coal combustion residuals, and emissions of sulfur, nitrogen, carbon dioxide, soot, particulate matter, hazardous air pollutants, including mercury, and other substances, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including Federal Energy Regulatory Commission matters and Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation and efficiency measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by any Public Service Commission ("PSC"); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company's employee and retiree benefit plans and the Southern Company system's nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle units 3 and 4, including Georgia PSC approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; actions related to cost recovery for the Kemper IGCC, including the ultimate impact of the 2015 decision of the Mississippi Supreme Court, the Mississippi PSC's December 2015 rate order, and related legal or regulatory proceedings, Mississippi PSC review of the prudence of Kemper IGCC costs and approval of permanent rate recovery plans, actions relating to proposed securitization, satisfaction of requirements to utilize investment tax credits and grants, and the ultimate impact of the termination of the proposed sale of an interest in the Kemper IGCC to South Mississippi Electric Power Association; the ability to successfully operate the electric utilities' generating, transmission, and distribution facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the expected timing, likelihood, and benefits of completion of the proposed acquisition of AGL Resources Inc., including the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals), the possibility that long-term financing for the acquisition may not be put in place prior to the closing, the risk that a condition to closing of the acquisition or funding of the bridge financing may not be satisfied, the possibility that the anticipated benefits from the acquisition cannot be fully realized or may take longer to realize than expected, the possibility that costs related to the integration of Southern Company and AGL Resources will be greater than expected, the credit ratings of the combined company or its subsidiaries may be different from what the parties expect, the ability to retain and hire key personnel and maintain relationships with customers, suppliers, or other business partners, the diversion of management time on acquisition-related issues, and the impact of legislative, regulatory, and competitive changes; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts; changes in Southern Company's and any of its subsidiaries' credit ratings, including impacts on interest rates, access to capital markets, and collateral requirements; the impacts of any sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company's subsidiaries to obtain additional generating capacity at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes and other storms, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forwardlooking information.
|
Southern Company | |||||||||||||||||||||||||||||||||||||||||
|
Financial Highlights | |||||||||||||||||||||||||||||||||||||||||
|
(In Millions of Dollars Except Earnings Per Share) | |||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended December |
Year-to-Date December | ||||||||||||||||||||||||||||||||||||||||
|
2015 |
2014 |
2015 |
2014 | ||||||||||||||||||||||||||||||||||||||
|
Consolidated Earnings–As Reported |
|||||||||||||||||||||||||||||||||||||||||
|
(See Notes) |
|||||||||||||||||||||||||||||||||||||||||
|
Traditional Operating Companies |
$ |
274 |
$ |
240 |
$ |
2,186 |
$ |
1,797 |
|||||||||||||||||||||||||||||||||
|
Southern Power |
34 |
44 |
215 |
172 |
|||||||||||||||||||||||||||||||||||||
|
Total |
308 |
284 |
2,401 |
1,969 |
|||||||||||||||||||||||||||||||||||||
|
Parent Company and Other |
(37) |
(1) |
(34) |
(6) |
|||||||||||||||||||||||||||||||||||||
|
Net Income–As Reported |
$ |
271 |
$ |
283 |
$ |
2,367 |
$ |
1,963 |
|||||||||||||||||||||||||||||||||
|
Basic Earnings Per Share |
$ |
0.30 |
$ |
0.31 |
$ |
2.60 |
$ |
2.19 |
|||||||||||||||||||||||||||||||||
|
Average Shares Outstanding (in millions) |
911 |
906 |
910 |
897 |
|||||||||||||||||||||||||||||||||||||
|
End of Period Shares Outstanding (in millions) |
912 |
908 |
|||||||||||||||||||||||||||||||||||||||
|
Three Months Ended December |
Year-to-Date | ||||||||||||||||||||||||||||||||||||||||
|
2015 |
2014 |
2015 |
2014 | ||||||||||||||||||||||||||||||||||||||
|
Consolidated Earnings–Excluding Items |
|||||||||||||||||||||||||||||||||||||||||
|
(See Notes) |
|||||||||||||||||||||||||||||||||||||||||
|
Net Income–As Reported |
$ |
271 |
$ |
283 |
$ |
2,367 |
$ |
1,963 |
|||||||||||||||||||||||||||||||||
|
Kemper IGCC Impacts |
113 |
60 |
226 |
553 |
|||||||||||||||||||||||||||||||||||||
|
AGL acquisition costs |
19 |
— |
31 |
— |
|||||||||||||||||||||||||||||||||||||
|
Additional MCAR settlement costs |
— |
— |
4 |
— |
|||||||||||||||||||||||||||||||||||||
|
Net Income–Excluding Items |
$ |
403 |
$ |
343 |
$ |
2,628 |
$ |
2,516 |
|||||||||||||||||||||||||||||||||
|
Basic Earnings Per Share–Excluding Items |
$ |
0.44 |
$ |
0.38 |
$ |
2.89 |
$ |
2.80 |
|||||||||||||||||||||||||||||||||
|
Notes | |||||||||||||||||||||||||||||||||||||||||
|
- For the three and twelve months ended December 31, 2015 and 2014, dilution does not change basic earnings per share by more than 1 cent and is not material. | |||||||||||||||||||||||||||||||||||||||||
|
- Earnings for the three and twelve months ended December 31, 2015 and 2014 include estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Similar charges may occur with uncertain frequency. In addition, earnings for the three and twelve months ended December 31, 2014 include the effect of reversing revenues previously recognized in 2014 and 2013 as a result of the 2015 Mississippi Supreme Court decision that reversed the Mississippi Public Service Commission's March 2013 Kemper IGCC rate order. | |||||||||||||||||||||||||||||||||||||||||
|
- Earnings for the three and twelve months ended December 31, 2015 include costs related to the proposed acquisition of AGL Resources Inc. Further costs are expected to continue to occur in connection with closing the proposed acquisition and supporting the related integration. | |||||||||||||||||||||||||||||||||||||||||
|
- Earnings for the twelve months ended December 31, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. | |||||||||||||||||||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K. | |||||||||||||||||||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||||||||||||||||||||
|
Significant Factors Impacting EPS | ||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended December |
Year-to-Date | |||||||||||||||||||||||||||||||||||||||
|
2015 |
2014 |
Change |
2015 |
2014 |
Change | |||||||||||||||||||||||||||||||||||
|
Consolidated Earnings Per Share– |
||||||||||||||||||||||||||||||||||||||||
|
As Reported (See Notes) |
$ |
0.30 |
$ |
0.31 |
$ |
(0.01) |
$ |
2.60 |
$ |
2.19 |
$ |
0.41 |
||||||||||||||||||||||||||||
|
Significant Factors: |
||||||||||||||||||||||||||||||||||||||||
|
Traditional Operating Companies |
$ |
0.04 |
$ |
0.43 |
||||||||||||||||||||||||||||||||||||
|
Southern Power |
(0.01) |
0.05 |
||||||||||||||||||||||||||||||||||||||
|
Parent Company and Other |
(0.04) |
(0.03) |
||||||||||||||||||||||||||||||||||||||
|
Increase in Shares |
— |
(0.04) |
||||||||||||||||||||||||||||||||||||||
|
Total–As Reported |
$ |
(0.01) |
$ |
0.41 |
||||||||||||||||||||||||||||||||||||
|
Three Months Ended December |
Year-to-Date | |||||||||||||||||||||||||||||||||||||||
|
2015 |
2014 |
Change |
2015 |
2014 |
Change | |||||||||||||||||||||||||||||||||||
|
Consolidated Earnings Per Share– |
||||||||||||||||||||||||||||||||||||||||
|
Excluding Items (See Notes) |
$ |
0.44 |
$ |
0.38 |
$ |
0.06 |
$ |
2.89 |
$ |
2.80 |
$ |
0.09 |
||||||||||||||||||||||||||||
|
Total–As Reported |
$ |
(0.01) |
$ |
0.41 |
||||||||||||||||||||||||||||||||||||
|
Kemper IGCC impacts |
0.05 |
(0.36) |
||||||||||||||||||||||||||||||||||||||
|
AGL acquisition costs |
0.02 |
0.03 |
||||||||||||||||||||||||||||||||||||||
|
Additional MCAR settlement costs |
— |
0.01 |
||||||||||||||||||||||||||||||||||||||
|
Total–Excluding Items |
$ |
0.06 |
$ |
0.09 |
||||||||||||||||||||||||||||||||||||
|
Notes | ||||||||||||||||||||||||||||||||||||||||
|
- For the three and twelve months ended December 31, 2015 and 2014, dilution does not change basic earnings per share by more than 1 cent and is not material. | ||||||||||||||||||||||||||||||||||||||||
|
- Earnings for the three and twelve months ended December 31, 2015 and 2014 include estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Similar charges may occur with uncertain frequency. In addition, earnings for the three and twelve months ended December 31, 2014 include the effect of reversing revenues previously recognized in 2014 and 2013 as a result of the 2015 Mississippi Supreme Court decision that reversed the Mississippi Public Service Commission's March 2013 Kemper IGCC rate order. | ||||||||||||||||||||||||||||||||||||||||
|
- Earnings for the three and twelve months ended December 31, 2015 include costs related to the proposed acquisition of AGL Resources Inc. Further costs are expected to continue to occur in connection with closing the proposed acquisition and supporting the related integration. | ||||||||||||||||||||||||||||||||||||||||
|
- Earnings for the twelve months ended December 31, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. | ||||||||||||||||||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K. | ||||||||||||||||||||||||||||||||||||||||
|
Southern Company | ||||
|
EPS Earnings Analysis | ||||
|
Description |
Three Months Ended |
Year-to-Date | ||
|
Retail Sales |
—¢ |
3¢ | ||
|
Retail Revenue Impacts |
7 |
24 | ||
|
Weather |
(8) |
(4) | ||
|
Wholesale Operations |
(2) |
(7) | ||
|
Other Operating Revenues |
2 |
1 | ||
|
Non-Fuel O&M |
14 |
(3) | ||
|
Depreciation and Amortization |
(6) |
(5) | ||
|
Taxes Other Than Income Taxes |
— |
(1) | ||
|
Other Income and Deductions |
2 |
(1) | ||
|
Interest Expense |
— |
1 | ||
|
Income Taxes |
— |
(1) | ||
|
Total Traditional Operating Companies |
9¢ |
7¢ | ||
|
Southern Power |
(1) |
5 | ||
|
Parent and Other |
(2) |
1 | ||
|
Increase in Shares |
— |
(4) | ||
|
Total Change in EPS (Excluding Items) |
6¢ |
9¢ | ||
|
Kemper IGCC Impacts |
(5) |
36 | ||
|
AGL Acquisition Costs |
(2) |
(3) | ||
|
Additional MCAR settlement costs |
— |
(1) | ||
|
Total Change in EPS (As Reported) |
(1)¢ |
41¢ | ||
|
Notes |
|
- Earnings for the three and twelve months ended December 31, 2015 and 2014 include estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) which significantly impacted the presentation of earnings and earnings per share. Similar charges may occur with uncertain frequency. In addition, earnings for the three and twelve months ended December 31, 2014 include the effect of reversing revenues previously recognized in 2014 and 2013 as a result of the 2015 Mississippi Supreme Court decision that reversed the Mississippi Public Service Commission's March 2013 Kemper IGCC rate order. |
|
- Earnings for the three and twelve months ended December 31, 2015 include costs related to the proposed acquisition of AGL Resources Inc. Further costs are expected to continue to occur in connection with closing the proposed acquisition and supporting the related integration. |
|
- Earnings for the twelve months ended December 31, 2015 include additional costs related to the discontinued operations of Mirant Corporation and the March 2009 litigation settlement with MC Asset Recovery, LLC. Further charges are not expected to occur. |
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K. |
|
Southern Company | ||||||||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Earnings | ||||||||||||||||||||||||||||||||||||||||||||||||
|
As Reported | ||||||||||||||||||||||||||||||||||||||||||||||||
|
(In Millions of Dollars) | ||||||||||||||||||||||||||||||||||||||||||||||||
|
Three Months Ended |
Year-to-Date December | |||||||||||||||||||||||||||||||||||||||||||||||
|
2015 |
2014 |
Change |
2015 |
2014 |
Change | |||||||||||||||||||||||||||||||||||||||||||
|
Income Account- |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Retail Revenues- |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Fuel |
$ |
786 |
$ |
1,141 |
$ |
(355) |
$ |
4,437 |
$ |
5,396 |
$ |
(959) |
||||||||||||||||||||||||||||||||||||
|
Non-Fuel |
2,243 |
2,223 |
20 |
10,550 |
10,154 |
396 |
||||||||||||||||||||||||||||||||||||||||||
|
Wholesale Revenues |
363 |
465 |
(102) |
1,798 |
2,184 |
(386) |
||||||||||||||||||||||||||||||||||||||||||
|
Other Electric Revenues |
201 |
169 |
32 |
695 |
672 |
23 |
||||||||||||||||||||||||||||||||||||||||||
|
Other Revenues |
13 |
19 |
(6) |
47 |
61 |
(14) |
||||||||||||||||||||||||||||||||||||||||||
|
Total Revenues |
3,606 |
4,017 |
(411) |
17,527 |
18,467 |
(940) |
||||||||||||||||||||||||||||||||||||||||||
|
Fuel and Purchased Power |
956 |
1,398 |
(442) |
5,395 |
6,677 |
(1,282) |
||||||||||||||||||||||||||||||||||||||||||
|
Non-Fuel O & M |
1,134 |
1,328 |
(194) |
4,454 |
4,354 |
100 |
||||||||||||||||||||||||||||||||||||||||||
|
Depreciation and Amortization |
519 |
430 |
89 |
2,034 |
1,945 |
89 |
||||||||||||||||||||||||||||||||||||||||||
|
Taxes Other Than Income Taxes |
236 |
230 |
6 |
997 |
981 |
16 |
||||||||||||||||||||||||||||||||||||||||||
|
Estimated Loss on Kemper IGCC |
183 |
70 |
113 |
365 |
868 |
(503) |
||||||||||||||||||||||||||||||||||||||||||
|
Total Operating Expenses |
3,028 |
3,456 |
(428) |
13,245 |
14,825 |
(1,580) |
||||||||||||||||||||||||||||||||||||||||||
|
Operating Income |
578 |
561 |
17 |
4,282 |
3,642 |
640 |
||||||||||||||||||||||||||||||||||||||||||
|
Allowance for Equity Funds Used During Construction |
63 |
63 |
— |
226 |
245 |
(19) |
||||||||||||||||||||||||||||||||||||||||||
|
Interest Income |
6 |
6 |
— |
23 |
19 |
4 |
||||||||||||||||||||||||||||||||||||||||||
|
Interest Expense, Net of Amounts Capitalized |
228 |
212 |
16 |
840 |
835 |
5 |
||||||||||||||||||||||||||||||||||||||||||
|
Other Income (Expense), net |
(18) |
(30) |
12 |
(62) |
(63) |
1 |
||||||||||||||||||||||||||||||||||||||||||
|
Income Taxes |
118 |
88 |
30 |
1,194 |
977 |
217 |
||||||||||||||||||||||||||||||||||||||||||
|
Consolidated Net Income |
283 |
300 |
(17) |
2,435 |
2,031 |
404 |
||||||||||||||||||||||||||||||||||||||||||
|
Dividends on Preferred and Preference Stock |
12 |
17 |
(5) |
54 |
68 |
(14) |
||||||||||||||||||||||||||||||||||||||||||
|
Less: Net Income Attributable to Noncontrolling Interests |
— |
— |
— |
14 |
— |
14 |
||||||||||||||||||||||||||||||||||||||||||
|
CONSOLIDATED NET INCOME |
$ |
271 |
$ |
283 |
$ |
(12) |
$ |
2,367 |
$ |
1,963 |
$ |
404 |
||||||||||||||||||||||||||||||||||||
|
Notes | ||||||||||||||||||||||||||||||||||||||||||||||||
|
- Certain prior year data may have been reclassified to conform with current year presentation. | ||||||||||||||||||||||||||||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K. | ||||||||||||||||||||||||||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||||
|
Kilowatt-Hour Sales | ||||||||||||||||||||||||
|
(In Millions of KWHs) | ||||||||||||||||||||||||
|
Three Months Ended December |
Year-to-Date December | |||||||||||||||||||||||
|
As Reported |
2015 |
2014 |
Change |
Weather Adjusted Change* |
2015 |
2014 |
Change |
Weather Adjusted Change* | ||||||||||||||||
|
Kilowatt-Hour Sales- |
||||||||||||||||||||||||
|
Total Sales |
41,945 |
44,775 |
(6.3) |
% |
190,989 |
194,425 |
(1.8) |
% |
||||||||||||||||
|
Total Retail Sales- |
35,589 |
37,727 |
(5.7) |
% |
(0.4) |
% |
160,484 |
161,639 |
(0.7) |
% |
0.3 |
% | ||||||||||||
|
Residential |
10,196 |
11,782 |
(13.5) |
% |
0.3 |
% |
52,121 |
53,347 |
(2.3) |
% |
0.4 |
% | ||||||||||||
|
Commercial |
12,166 |
12,349 |
(1.5) |
% |
1.3 |
% |
53,525 |
53,242 |
0.5 |
% |
0.9 |
% | ||||||||||||
|
Industrial |
13,003 |
13,369 |
(2.7) |
% |
(2.7) |
% |
53,941 |
54,140 |
(0.4) |
% |
(0.3) |
% | ||||||||||||
|
Other |
224 |
227 |
(1.2) |
% |
(0.9) |
% |
897 |
910 |
(1.4) |
% |
(1.3) |
% | ||||||||||||
|
Total Wholesale Sales |
6,356 |
7,048 |
(9.8) |
% |
N/A |
30,505 |
32,786 |
(7.0) |
% |
N/A |
||||||||||||||
|
Note | ||||||||||||||||||||||||||||||||||||||||||||||||
|
*Also reflects adjustment of 2014 KWH sales consistent with Mississippi Power's updated methodology to estimate the unbilled revenue allocation among customer classes implemented in the first quarter 2015. | ||||||||||||||||||||||||||||||||||||||||||||||||
|
Southern Company | ||||||||||||||||||||||
|
Financial Overview | ||||||||||||||||||||||
|
As Reported | ||||||||||||||||||||||
|
(In Millions of Dollars) | ||||||||||||||||||||||
|
Three Months Ended |
Year-to-Date December | |||||||||||||||||||||
|
2015 |
2014 |
% Change |
2015 |
2014 |
% Change | |||||||||||||||||
|
Consolidated – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
3,606 |
$ |
4,017 |
(10.2) |
% |
$ |
17,527 |
$ |
18,467 |
(5.1) |
% | ||||||||||
|
Earnings Before Income Taxes |
401 |
388 |
3.4 |
% |
3,629 |
3,008 |
20.6 |
% | ||||||||||||||
|
Net Income Available to Common |
271 |
283 |
(4.2) |
% |
2,367 |
1,963 |
20.6 |
% | ||||||||||||||
|
Alabama Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
1,217 |
$ |
1,328 |
(8.4) |
% |
$ |
5,768 |
$ |
5,942 |
(2.9) |
% | ||||||||||
|
Earnings Before Income Taxes |
204 |
211 |
(3.3) |
% |
1,317 |
1,312 |
0.4 |
% | ||||||||||||||
|
Net Income Available to Common |
120 |
119 |
0.8 |
% |
785 |
761 |
3.2 |
% | ||||||||||||||
|
Georgia Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
1,679 |
$ |
1,902 |
(11.7) |
% |
$ |
8,364 |
$ |
8,988 |
(6.9) |
% | ||||||||||
|
Earnings Before Income Taxes |
312 |
196 |
59.2 |
% |
2,046 |
1,971 |
3.8 |
% | ||||||||||||||
|
Net Income Available to Common |
196 |
123 |
59.3 |
% |
1,260 |
1,225 |
2.9 |
% | ||||||||||||||
|
Gulf Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
313 |
$ |
361 |
(13.3) |
% |
$ |
1,483 |
$ |
1,590 |
(6.7) |
% | ||||||||||
|
Earnings Before Income Taxes |
47 |
39 |
20.5 |
% |
249 |
237 |
5.1 |
% | ||||||||||||||
|
Net Income Available to Common |
28 |
23 |
21.7 |
% |
148 |
140 |
5.7 |
% | ||||||||||||||
|
Mississippi Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
245 |
$ |
246 |
(0.4) |
% |
$ |
1,138 |
$ |
1,243 |
(8.4) |
% | ||||||||||
|
Earnings (Loss) Before Income Taxes |
(130) |
(56) |
N/M |
(78) |
(612) |
N/M |
||||||||||||||||
|
Net Income (Loss) Available to Common |
(70) |
(24) |
N/M |
(8) |
(329) |
N/M |
||||||||||||||||
|
Southern Power – |
||||||||||||||||||||||
|
Operating Revenues |
$ |
304 |
$ |
386 |
(21.2) |
% |
$ |
1,390 |
$ |
1,501 |
(7.4) |
% | ||||||||||
|
Earnings Before Income Taxes |
41 |
18 |
127.8 |
% |
250 |
172 |
45.3 |
% | ||||||||||||||
|
Net Income Available to Common |
34 |
44 |
(22.7) |
% |
215 |
172 |
25.0 |
% | ||||||||||||||
|
N/M - not meaningful |
||||||||||||||||||||||
|
Note |
||||||||||||||||||||||
|
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K. | ||||||||||||||||||||||
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
2/3/20162/2/2016 - Southern Company announces leadership moves
Southern Company announces leadership moves
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 2, 2016 /PRNewswire/ -- Southern Company today announced several leadership moves involving several of its subsidiaries, effective March 7. Joseph A. "Buzz" Miller, executive vice president of nuclear development for Georgia Power and president of nuclear development for Southern Nuclear, has been elected president and CEO of Southern Power. Miller replaces Oscar C. Harper IV, who will retire after 32 years with the Southern Company system.
"We thank Oscar for his years of service and dedication and his instrumental leadership in developing one of America's largest renewable portfolios with more than 1,800 megawatts of generation in seven states," said Kimberly S. Greene, executive vice president and chief operating officer of Southern Company. "Buzz brings strategic leadership and an ability to influence and execute on complex projects to Southern Power and we welcome him to his new role."
"Since the beginning of the Vogtle project, Buzz has provided exceptional guidance and direction for one of the most important construction projects in the country," said W. Paul Bowers, chairman, president and CEO of Georgia Power. "We remain focused on completing the expansion to the highest standards of safety and quality, with the least possible impact to our customers' rates while ensuring that the units will operate safely and power more than a half million Georgia homes and businesses for 60-plus years."
Georgia Power and Southern Nuclear are further aligning the Vogtle 3 & 4 organization to best achieve upcoming project milestones while creating a streamlined approach for interacting and communicating with key stakeholders.
Mark D. Rauckhorst has been named executive vice president of construction for the Vogtle 3 & 4 project. Since joining the company as vice president of construction in 2011, Rauckhorst has leveraged more than 30 years of experience working for engineering, construction management and utility organizations on large-scale capital construction projects to move the Vogtle project forward. He will remain located at the expansion site near Waynesboro, Georgia, where he will continue to oversee construction compliance and coordinate with the Southern Nuclear operational readiness team to prepare for an effective transition from construction to operations.
"As we enter into a new era of nuclear energy generation, I believe these changes will further position us to deliver the Nuclear Promise and remain the best, most affordable clean energy solution," said Stephen E. Kuczynski, chairman, president and CEO of Southern Nuclear.
More than 60 percent complete based on contractual milestones, progress continues at the Vogtle site every day. Major milestones completed in 2015 include the placement of the 1,140-ton CA01 module for Unit 3, the placement of the 950-ton lower ring for Unit 4 and more than 26,000 total cubic yards of concrete.
The projected overall peak rate impact of the Vogtle nuclear expansion is significantly less than when the project was originally certified due to financing and other benefits of the project that Georgia Power has proactively pursued, and the fuel savings of nuclear. The project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion date of 2020. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
To learn more about the Vogtle 3 & 4 project and how Southern Company is preparing to deliver tomorrow's energy today, visit http://www.southerncompany.com/what-doing/energy-innovation/.
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider, meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Southern Power and its subsidiaries own or have rights to 33 facilities in nine states, with more than 10,400 MW of generating capacity operating or under development in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma and Texas.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked among the highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
About Southern Nuclear
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is one of the nation's leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units currently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years. Southern Nuclear employs more than 3,500 skilled and dedicated professionals who are committed each day to nuclear and personal safety and the health and safety of the public. The company's headquarters is based in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southerncompany.com/southernnuclear
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the anticipated schedule for completion of Plant Vogtle Units 3 and 4 and the expected impact on customer rates. Southern Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; advances in technology; and the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required. Southern Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Southern Company
Article Date
2/2/2016Eight new shield building panels safely placed at Vogtle Unit 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Feb. 2, 2016 /PRNewswire/ -- Georgia Power announced today the latest milestone at the Vogtle nuclear expansion – the recent placement of eight new shield building panels for Unit 3. The placement of the new shield building panels follows the placement of the initial six panels for Unit 3 in August 2015.
The shield building, which encapsulates the Unit 3 containment vessel, is comprised of more than 160 individual steel panels. The reinforced individual panels can weigh 10 tons or more and be filled with concrete. Once fully assembled, the shield building will provide structural support of the containment cooling water supply and protect the containment vessel, which houses the reactor vessel and associated equipment.
Now more than 60 percent complete based on contractual milestones, progress continues at the Vogtle site every day. Major milestones completed in 2015 included the placement of the 1,140-ton CA01 module for Unit 3, the placement of the 950-ton lower ring for Unit 4 and more than 26,000 total cubic yards of concrete.
The projected overall peak rate impact of the Vogtle nuclear expansion is significantly less than when the project was originally certified. The project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion date of 2020. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for Georgia customers.
Follow the Action
Click here to watch a time-lapse video of one of the massive shield building panels being lifted into place by one of the world's largest cranes.
Click here to visit the online Vogtle 3 & 4 photo gallery, updated every month with the latest photos of the project.
What Vogtle Means to Georgia
The expansion at Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, the anticipated schedule for completion of Plant Vogtle Units 3 and 4, and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
2/2/2016Georgia Power files 20-year energy plan with Georgia PSC
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 29, 2016 /PRNewswire/ -- Georgia Power today filed its 2016 Integrated Resource Plan (IRP) with the Georgia Public Service Commission (PSC). The company files an IRP every three years to outline how it can best meet Georgia's changing energy needs for the next 20 years.
"As we navigate the changing energy and environmental landscape, striking the right balance between reliability and affordability is crucial to protecting our customers," said John Pemberton, senior vice president and senior production officer for Georgia Power. "We remain committed to best meeting customers' needs today while maintaining the flexibility to provide a secure energy future for Georgia."
The IRP process includes projections of future fuel costs; load and energy forecasts; an analysis of currently available generation technologies; the 10-year transmission plan; and an economic assessment of potential and proposed energy efficiency and demand response programs. The company also evaluated the cost-effectiveness of its generating fleet in light of increasing environmental regulations.
As part of today's filing, Georgia Power is requesting approval of its Renewable Energy Development Initiative, a program that will bring an additional 525 MW of renewable generation to the company's portfolio and is expected to deliver energy savings for customers. In addition, outlined in the IRP is a comprehensive and detailed analysis that provides the framework for determining and allocating the projected benefits and costs of integrating additional renewable resources in Georgia, while maintaining reliability and affordability.
The 2016 plan also proposes energy efficiency targets similar to those approved in the previous IRP, while adding new, innovative energy-saving programs for both residential and commercial customers. By 2019, these programs are designed to reduce peak demand approximately 1,900 MW, which is 12 percent of the company's current load.
Finally, the company is requesting the decertification of certain generation assets, including one coal unit and two small oil-fired combustion turbines at Plant Mitchell near Albany, Georgia, as well as a combustion turbine (CT) at Plant Kraft on the Georgia coast. Georgia Power is also seeking to decertify and sell the company's ownership in an oil-fired CT located in Intercession City, Florida to majority owner Duke Energy Florida.
Today's filing initiates a series of additional filings and public hearings with the PSC. Following this process, the PSC is expected to vote on the company's IRP request this summer.
To learn more about how Georgia Power is meeting the needs of customers through a flexible, balanced energy portfolio visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
1/29/2016Mississippi Power Generation has record-setting year delivering power
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
GULFPORT, Miss., Jan. 27, 2016 /PRNewswire/ -- Mississippi Power Generation set company records in 2015 for net generation produced and reliability, with performance better than the industry average.
"In 2015, Mississippi Power's generating fleet produced more electricity than ever, and did it more reliably and efficiently than we ever have," Mississippi Power President and CEO Anthony Wilson said. "This is a testament to the employees that operate these units and their commitment to deliver clean, safe, reliable and affordable energy to our customers."
Equivalent Forced Outage Rate, or EFOR, is a measure of the availability of generation units to meet customer needs due to unplanned forced outages. In 2015, Mississippi Power's EFOR was .84 percent, which is about five times below the industry average. The lesser the amount of time that units are on an outage means the more generation is available to meet customer needs.
Equivalent Unplanned Unavailability Factor, or EUUF, is a measure of a generating unit's unavailability due to unplanned forced and maintenance outages. In 2015, Mississippi Power's EUUF was 1.44 percent. A low EUUF indicates a higher availability to meet customers' needs.
"Our plant employees work extremely hard to maintain our system and the equipment they operate that provides service to our customers," Vice President of Generation and Senior Production Officer Allen Reaves said. "Safely providing service to our customers is our top priority."
Mississippi Power, a subsidiary of Southern Company (NYSE: SO), produces safe, reliable and environmentally responsible energy for more than 186,000 customers in 23 southeast Mississippi counties. Mississippi Power has been recognized throughout the utility industry for excellence in storm restoration and recovery efforts and as a leader in safety. Visit our websites at mississippipower.com and mississippipowernews.com, like us on Facebook, follow us on Twitter, LinkedIn, Google+ and YouTube.
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SOURCE Mississippi Power
Article Date
1/27/2016Georgia Power files Vogtle settlement agreement with Georgia PSC
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 21, 2016 /PRNewswire/ -- Georgia Power today filed detailed terms and conditions of a $350 million settlement agreement between the company and Westinghouse, the contractor for the Vogtle 3 & 4 project, with the Georgia Public Service Commission (PSC). The settlement agreement reaffirms the current in-service dates of June 2019 (Unit 3) and June 2020 (Unit 4), adds additional contractual protections for customers and increases efficiencies with Westinghouse and its affiliates as the primary project contractor.
Including the settlement, the project's remaining projected customer rate impact is still approximately 2.5 percent, an average of less than 1 percent per year through the expected completion date of 2020. Once the new units come online, they are expected to put downward pressure on rates and deliver long-term savings for customers.
Now more than 60 percent complete based on contractual milestones, progress continues at the Vogtle site every day. Major milestones completed in 2015 included the placement of the 1,140-ton CA01 module for Unit 3, the placement of the 950-ton lower ring for Unit 4 and more than 26,000 total cubic yards of concrete. Click here to watch videos highlighting major construction milestones, multimillion pound equipment placements and quarterly timeline videos on Georgia Power's YouTube Channel. Click here to visit the online Vogtle 3 & 4 photo gallery, updated every month with the latest photos of the project.
The expansion at Plant Vogtle near Waynesboro, Georgia is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected benefits of the settlement, the anticipated schedule for completion of Plant Vogtle Units 3 and 4, and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power
Article Date
1/21/2016Georgia Power offers resources, tools in advance of severe winter weather
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 19, 2016 /PRNewswire/ -- With the winter months bringing the increased threat of severe cold, ice and snow, Georgia Power is helping customers prepare with free tools and resources online and via mobile device, available 24 hours a day.
Tools You Can Use
The Georgia Power Storm Center
Georgia Power monitors weather for impacts to its system 24 hours a day, 365 days a year. When severe weather strikes, the company activates its Storm Center in Atlanta to coordinate response and restore service as quickly as possible to affected customers. The Storm Center also facilitates the dispatch of the company's mobile command centers which can be deployed to the field if needed.
The Mutual Assistance Network
Georgia Power is part of a national mutual assistance network consisting of dozens of utilities from around the country. As part of this partnership, Georgia Power line crews provide assistance to other utilities when service to their customers is interrupted due to severe weather and have travelled as far away as New York to assist with restoration following Superstorm Sandy and New Orleans following Hurricane Katrina. Georgia Power is also able to tap into reinforcements when needed to restore power quickly to Georgia customers. In 2014, following one of the most disruptive ice storms in the company's history, Georgia Power safely restored power to more than 700,000 customers in record time by fully deploying company resources and leveraging the mutual assistance network.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
1/19/2016Georgia Power honors Dr. Martin Luther King Jr.'s legacy of service to all
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 15, 2016 /PRNewswire/ -- Georgia Power honors Dr. Martin Luther King, Jr.'s commitment to transform communities through volunteering by engaging more than 1,000 employees in community service projects across the state on the MLK Day of Service. This widespread effort builds on the company's record-breaking 110,000 volunteer hours in 2015 and reinforces Georgia Power's commitment to "being a citizen wherever we serve."
"Dr. King's belief in service to all resonates strongly throughout Georgia and the best way to honor his legacy is through volunteering and making a positive impact in the communities we serve," said Paul Bowers, chairman, president and CEO of Georgia Power. "MLK Day of Service continues to be a day on, not a day off, for Georgia Power employees across the state."
This year, employee volunteers are expected to host or participate in approximately 40 separate MLK Day of Service projects in diverse communities all over Georgia. Events include:
Since 2005, more than 10,600 Georgia Power employees have volunteered for approximately 470 individual MLK Day of Service projects, totaling 42,000 total service hours. These volunteer efforts equate to more than $900,000 in hourly service value.
A Culture of Citizenship
Although the MLK Day of Service is the company's largest single day of volunteering, Georgia Power employees place a focus on community service year round including companywide engagement in Earth Day, March of Dimes and the American Cancer Society's Relay for Life program. In addition, current employees and retirees (known as Georgia Power Ambassadors), identify and support various local causes and organizations which directly benefit their neighborhoods and communities. To learn more about Georgia Power's commitment to citizenship throughout Georgia, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
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SOURCE Georgia Power
Article Date
1/15/20161/15/2016 - Southern Company subsidiary awarded grant to lead advanced nuclear technology development
Southern Company subsidiary awarded grant to lead advanced nuclear technology development
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 15, 2016 /PRNewswire/ -- Southern Company today announced it has been awarded up to $40 million from the U.S. Department of Energy (DOE) to explore, develop and demonstrate advanced nuclear reactor technologies through subsidiary Southern Company Services.
The effort will be managed through a new public-private partnership with TerraPower, Oak Ridge National Laboratory, the Electric Power Research Institute and Vanderbilt University. Housed at the DOE's Oak Ridge National Laboratory, in Oak Ridge, Tennessee, the research will bolster the development of molten chloride fast reactors (MCFR), an advanced concept for nuclear generation.
"Nuclear energy currently accounts for about 20 percent of the nation's energy mix, and its importance will continue to grow as America transitions to a low-carbon energy future," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This collaborative research effort will help accelerate the development of next generation nuclear reactors."
Researchers believe MCFRs could provide enhanced operational performance, safety, security and economic value, relative to other advanced reactor concepts. The MCFR project is one of two DOE cost-shared advanced reactor concept development projects awarded $6 million in 2016, with an opportunity for $40 million each in total funding over multiple years.
"In order to ensure that nuclear energy remains a key source for U.S. electricity generation well into the future, it is critically important that we invest in these technologies today," said Secretary of Energy Dr. Ernest Moniz. "Public-private partnerships to develop advanced nuclear capabilities will enable low-carbon nuclear energy to power America for years to come."
A long-standing proponent of nuclear power, Southern Company – through its subsidiaries – is the only electric utility in America today developing the full portfolio of energy resources, including being one of the first to build new nuclear units in more than 30 years. The company is building the two new nuclear units at subsidiary Georgia Power's Plant Vogtle, which are expected to provide enough emission-free generation to power 500,000 homes and businesses.
An industry leader in robust, proprietary research and development, Southern Company has managed approximately $2 billion in research and development investments since the 1960s, leading to the development and deployment of new, innovative technologies that are changing the way America produces electricity. In addition to leading the MCFR effort, Southern Company operates the DOE's National Carbon Capture Center in Alabama, and the company is conducting the nation's largest demonstration of carbon capture on a pulverized-coal power plant at subsidiary Alabama Power's Plant Barry.
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/15/20161/14/2016 - Southern Company announces quarterly dividend
Southern Company announces quarterly dividend
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 14, 2016 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 54.25 cents per share on the company's common stock, payable March 7, 2016, to shareholders of record as of Feb. 16, 2016. This marks 273 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders.
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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SOURCE Southern Company
Article Date
1/14/20161/13/2016 - Alabama Power declares dividends
Alabama Power declares dividends
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
BIRMINGHAM, Ala., Jan. 13, 2016 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:
Preferred Stock
($100 Par Value)
4.20% - $1.05 per share
4.52% - $1.13 per share
4.60% - $1.15 per share
4.64% - $1.16 per share
4.72% - $1.18 per share
4.92% - $1.23 per share
Class A Preferred Stock
($25 Capital Value)
5.83% - $.364375 per share
Preference Stock
($25 Capital Value)
6.45% - $.403125 per share
6.50% - $.406250 per share
These dividends are for the quarter ending March 31, 2016, payable April 1, 2016, to shareholders of record on March 17, 2016.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.
SOURCE Alabama Power Company
Article Date
1/13/2016Vogtle expansion project achieves major milestones in 2015
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 13, 2016 /PRNewswire/ -- Georgia Power today marked another year of safe construction and significant milestones at the Vogtle nuclear expansion site. The new units are currently scheduled to go into service in June 2019 (Unit 3) and June 2020 (Unit 4) and the remaining projected customer rate impact is approximately 2.5 percent, an average of less than 1 percent per year through completion.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7464951-ga-power-project-vogtle/
In addition, the company's recent completion of the settlement process between the project co-owners (Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities) and the project's contractors (Westinghouse and CB&I) settles all claims previously in litigation with the contractors, reaffirms the current in-service dates, adds additional contractual protections and positions Westinghouse and its affiliates as the primary contractor over the project.
Safe Construction, Steady Progress
In 2015, the thousands of workers on the construction site for both units 3 and 4 maintained their dedication to quality construction and safety; logging more than 11 million safe work hours without a lost-time accident for the year. Their collective efforts contributed to the achievement of many construction milestones for the project.
Major milestones:
- June: Placement of the 32-ton CA04 module, or reactor vessel cavity, for Unit 4.
- August: The heaviest "lift" of the project to date – the 1,140-ton Unit 3 CA01 module.
- August: Placement of the first of more than 160 shield building panels for Unit 3.
- December: Placement of the 950-ton lower ring for Unit 4.
- Completed nearly 4 miles of onsite module welding to exact design specifications, with every inch inspected and approved for safety.
- Installed more than 4,300 tons of rebar.
- Erected more than 4,200 tons of structural steel.
- Poured more than 26,000 cubic yards of concrete including the November 15-hour continuous concrete pour for the Unit 3 "turbine tabletop," the first turbine tabletop placement for a U.S. AP1000 new nuclear project.
Other Vogtle milestones include the rising cooling towers, which play a key role in the circulation and cooling of water used in power production. The Unit 3 cooling tower has reached its final, completed height of more than 600 feet and the Unit 4 cooling tower has surpassed the halfway mark.
Along with major component deliveries to the construction site throughout the year, the project also marked significant additional achievements. In November, Georgia Power announced that, with the receipt of the final National Pollutant Discharge Elimination System (NPDES), or water discharge permit by the Georgia Environmental Protection Division (EPD), all major permits are now in place for the new units.
Watch the Action
The Vogtle project continues to progress and Georgia Power has recapped 2015 milestones in its Q4 2015 Vogtle Timeline video with commentary from Executive Vice President of Nuclear Development Buzz Miller. Click here to watch the video on Georgia Power's YouTube channel, as well as many other compelling videos from the project. Click here to visit the online Vogtle 3 & 4 photo gallery, updated every month with the latest photos of the project.
What Vogtle Means to Georgia
The expansion at Plant Vogtle, located near Waynesboro, Georgia, is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to more than 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the anticipated schedule for completion of Plant Vogtle Units 3 and 4, and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
SOURCE Georgia Power
Article Date
1/13/2016Georgia Power awards $40,000+ in grants to dozens of new teachers
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 8, 2016 /PRNewswire/ -- Georgia Power today announced that 41 new public school teachers from across the state will each receive a $1,000 New Teacher Assistance Grant this year from the company. The company awards the grants each year to provide the state's newest teachers with funds to purchase classroom supplies and start their careers as pre-K, elementary, middle and high school teachers. Since launching the program in 2004, the company has awarded more than $350,000 in individual grants to more than 350 new teachers in communities across the state.
"The foundation for Georgia's future economic success is being laid in classrooms throughout Georgia every day," said Anne Kaiser, vice president of community and economic development for Georgia Power. "Supporting education is supporting our state's future and we're committed to assisting teachers as they guide and prepare tomorrow's leaders."
Teacher nominations were submitted to Georgia Power by Georgia public colleges and universities that have schools of education. To be eligible for a grant, candidates must be in the top 25 percent of their class, be a first-year teacher employed by a public school in Georgia and demonstrate a high aptitude for teaching. Grant recipients are encouraged to use the funds to purchase items such as books, educational CDs or DVDs, computers, projectors, or other supplies to enhance their classrooms.
"The New Teacher Assistance Grant program is meaningful to educators as many of us want the new teachers to understand how much they are appreciated," said Paul Alberto, dean and regent's professor in the College of Education & Human Development at Georgia State University.
2015 New Teacher Assistance Grants Recipients:
Central Region (Macon)
Coastal Region (Savannah)
East Region (Augusta)
Metro Atlanta
Northeast Region (Athens)
Northwest Region (Rome)
South Region (Albany/Valdosta)
West Region (Columbus)
Georgia Power's participation in Georgia education initiatives is broad and able to give back to communities through the annual New Teacher Assistance Grants, the company's Learning Power program for K-12 teachers and students, workforce development activities, as well as supporting the work of organizations such as Junior Achievement. Georgia Power works to encourage teachers to help students be academically successful. For more information about how the company is playing a role in the advancement of education and building the highly skilled workforce of tomorrow, visit www.georgiapower.com/community.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Photo - http://photos.prnewswire.com/prnh/20160108/320367
Logo - http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
SOURCE Georgia Power
Article Date
1/8/2016Southern Company fourth-quarter earnings to be released Feb. 3
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 7, 2016 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2015 at 7:30 a.m. EST on Wednesday, Feb. 3.
Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will discuss earnings during a conference call for financial analysts at 1 p.m. EST on Wednesday, Feb. 3.
Investors, media and the public may listen to a live webcast of the conference call at http://investor.southerncompany.com/webcasts by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
1/7/2016Vogtle co-owners, contractor complete settlement process
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Jan. 4, 2016 /PRNewswire/ -- Georgia Power today announced the completion of the settlement process between the co-owners (Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities) of the Vogtle nuclear expansion and the project's contractors, Westinghouse and CB&I. The agreement settles all claims currently in litigation with the contractors, reaffirms the current in-service dates, adds additional contractual protections and positions Westinghouse and its affiliates as the primary contractor over the project.
"This settlement is extremely positive for the Vogtle expansion," said Buzz Miller, executive vice president of nuclear development for Georgia Power. "The project is more than halfway completed based on contractual milestones with all parties focused 100 percent on project execution."
Including the settlement agreement, the project's remaining projected customer rate impact will total approximately 2.5 percent, which is an average of less than 1 percent per year through completion. Georgia Power's portion of the settlement cost is approximately $350 million, significantly less than the claims that were in litigation. Georgia Power plans to submit the settlement agreement to the Georgia Public Service Commission (PSC) in the coming weeks.
Construction of the new units near Waynesboro, among the first to be built in the United States in more than three decades, is progressing well with current in-service dates of June 2019 for Unit 3 and June 2020 for Unit 4.
In tandem with the completion of the settlement process, it was also announced Monday that Westinghouse has contracted with Fluor Corporation to manage the construction workforce at the Vogtle expansion site.
Follow the Action
Click here to watch videos highlighting major construction milestones, multimillion pound equipment placements and quarterly timeline videos on Georgia Power's YouTube Channel. Click here to visit the online Vogtle 3 & 4 photo gallery, updated every month with the latest photos of the project.
What Vogtle Means to Georgia
The expansion at Plant Vogtle is part of Georgia Power's long-term, strategic plan for providing safe, clean, reliable and affordable energy for Georgians. Once units 3 and 4 join the existing two Vogtle units already in operation, Plant Vogtle is expected to generate more electricity than any other U.S. nuclear facility, enough to power more than one million homes and businesses. Southern Nuclear is overseeing construction and will operate the new units on behalf of Georgia Power, which owns 45.7 percent of the facility, and co-owners Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected benefits of the settlement, the anticipated schedule for completion of Plant Vogtle Units 3 and 4, and the expected impact on customer rates. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries; available sources and costs of fuels; the ability to control costs and avoid cost overruns during the development and construction of facilities, which includes the development and construction of facilities with designs that have not been finalized or previously constructed; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; legal proceedings and regulatory approvals and actions related to Plant Vogtle Units 3 and 4, including Georgia Public Service Commission approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; and the ability of counterparties of Georgia Power to make payments as and when due and to perform as required. Georgia Power expressly disclaims any obligation to update any forward-looking information.
Logo - http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
SOURCE Georgia Power
Article Date
1/4/201612/21/2015 - South Korean company signs first letter of intent to explore deployment of Kemper technology
South Korean company signs first letter of intent to explore deployment of Kemper technology
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
ATLANTA, Dec. 21, 2015 /PRNewswire/ -- Southern Company subsidiary Southern Generation Technologies has signed a letter of intent with South Korean company Alps Energy and Kellogg, Brown & Root, LLC (KBR) to evaluate the deployment of the company's proprietary coal gasification technology at the new, 1,000-megawatt (MW) Alps Energy power plant in the Saemangeum Industry & Research Area in South Korea. The agreement underscores the significant international interest in Transport Integrated Gasification – or TRIG™ – the 21st century coal technology at the center of Southern Company subsidiary Mississippi Power's Kemper County energy facility.
Jointly developed by Southern Company and KBR, TRIG™ is designed to generate electricity from low-rank coal with resulting carbon emissions better than a similarly sized natural gas plant. At least 65 percent of the Kemper project's carbon emissions are expected to be captured and repurposed through enhanced oil recovery, increasing domestic oil production.
"Southern Company is committed to developing real solutions to efficiently generate electricity using all of our domestic energy resources," said Southern Company Chairman, President and CEO Thomas A. Fanning. "By deploying TRIG™ for the first time at the Kemper County energy facility, we are creating a better energy future and improving America's energy security. Our partnership with South Korea's Alps Energy is a continuation of our long-standing commitment to delivering energy solutions that can benefit customers and communities across the U.S. and around the world."
The letter of intent was announced following a visit this week to the Kemper County energy facility involving Southern Company, Alps Energy, KBR and Saemangeum Development and Investment Agency (www.saemangeum.go.kr) leadership.
"Alps is very excited to have entered into this agreement with Southern Company and KBR, who are global leaders in gasification and have successfully demonstrated fluidized bed gasifiers over many decades. We very much look forward to seeing successful initial operations of the Kemper County energy facility and to explore various opportunities to work together with the TRIG™ team in our landmark gasification project in Saemangeum," said Alps Group Chairman Kwang-Ouk Bang.
The 582-MW Kemper County energy facility will become the first power plant to use TRIG™ technology upon its anticipated completion in 2016.
"The world is coming to Kemper because the design of this plant signifies the ability for other nations to leverage one of the world's most abundant energy sources in a dramatically cleaner way," said Mississippi Power CEO Ed Holland. "For Mississippi, this means more reliable, affordable energy for our customers and a cleaner environment for us all, making our state a true global leader in energy development."
The first letter of intent to explore TRIG™ deployment, the agreement with Alps Energy represents the sixth agreement with a leading international energy company to explore advanced technologies including TRIG™. Earlier this year, Southern Company Services and Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding to explore 21st century coal technology. Last year, Southern Company announced similar agreements with Shenhua Group Corporation Limited and China Huaneng Group – two of China's largest energy companies – as well as with Huaneng Clean Energy Research Institute.
Beyond these agreements, Southern Company continues to receive worldwide interest in TRIG™ from energy companies in regions with access to abundant supplies of low-rank coal. In addition to playing an important role in the development of TRIG™ technology, KBR is the company's partner in licensing TRIG™ technology globally.
"TRIG™ brings a unique solution to a global challenge – how to efficiently gasify low-rank coal while helping preserve the environment," said KBR President of Technology and Consulting John Derbyshire. "Low-rank coal comprises about half of the world coal supply, and today there are no technologies apart from TRIG™ that can efficiently convert this coal into energy with minimal impact on the environment. We believe TRIG™ can help South Korea and other countries with access to low-rank coal to meet their energy challenges."
An industry leader in robust, proprietary research and development, Southern Company has managed more than $2 billion in R&D investments since the 1960s. In addition to operating the National Carbon Capture Center, the Southern Company system's environmental R&D includes conducting the nation's largest demonstration of carbon capture on a pulverized-coal power plant at subsidiary Alabama Power's Plant Barry, as well as partnering with KBR to develop TRIG™.
About Alps Group
Alps Group ("Alps"), based in Seoul, South Korea, is a leading developer of energy and commercial real estate projects. Alps has successfully developed and owned various commercial office buildings and hotels in Korea and China since the 1980's. Alps is the owner of the Alps Ski Resort, the first ski resort of Korea, and is also the owner and developer of Goseong Alps Wind Power, a wind farm located in the vicinity of the resort, with a generation capacity of 112 megawatts, which makes it the largest single wind farm in the country. Through its wholly-owned subsidiary, Alps Energy, Alps is currently developing a large scale coal-gasification project in the Saemangeum Area of South Korea. When completed, the project will be the largest coal gasification complex and the largest public-private-partnership development project ever undertaken within the new and renewable energy space in South Korea.
About Southern Company
With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking Statements:
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the projected schedule for the completion of construction and start-up of Mississippi Power's Kemper integrated coal gasification combined cycle facility ("Kemper IGCC"). Southern Company and Mississippi Power caution that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Mississippi Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's and Mississippi Power's Annual Report on Form 10-K for the year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction or other agreements, operational readiness, including specialized operator training and required site safety programs, unforeseen engineering or design problems, start-up activities (including major equipment failure and system integration), and/or operational performance (including additional costs to satisfy any operational parameters ultimately adopted by the Mississippi Public Service Commission); the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology; and the ability of counterparties of Mississippi Power to make payments as and when due and to perform as required. Southern Company and Mississippi Power expressly disclaim any obligation to update any forward-looking information.
Logo - http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
SOURCE Southern Company
Article Date
12/21/2015Projects & Assets
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