Southern Company (SO) 51.80 $SO
Update: Georgia Power restores power to more than 200,000 customers following Tropical Storm Hermine
PR Newswire - Sat Sep 03, 11:31AM CDT
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.
SO: 51.80 (+0.62)
Fitch Upgrades Southern Natural Gas to 'BBB+'; Outlook Revised to Stable
BusinessWire - Fri Sep 02, 10:20AM CDT
Fitch Ratings has upgraded its Long-term Issuer Default Rating (IDR) and senior unsecured rating of Southern Natural Gas Company (SNG) to 'BBB+.' A Stable Rating Outlook has been assigned. Today's action resolves the Rating Watch Positive on which SNG was placed on July 11, 2016.
SO: 51.80 (+0.62)
Southern Company (SO) Unit to Buy Natural Gas Power Plant
Zacks Equity Research - Zacks Investment Research - Fri Sep 02, 7:22AM CDT
Electric utility holding firm Southern Company's (SO) subsidiary, Southern Power, announced that it has entered into an agreement to acquire a natural gas-fired power plant in Minnesota from Calpine Corp. (CPN) for $395.5 million, plus working capital.
KMI: 21.92 (+0.31), CPN: 12.48 (+0.35), SO: 51.80 (+0.62)
Southern Company, Kinder Morgan Finalize Southern Natural Gas Pipeline Strategic Venture
PR Newswire - Thu Sep 01, 3:15PM CDT
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.
KMI: 21.92 (+0.31), SO: 51.80 (+0.62)
Calpine Announces Sale of Mankato Power Plant for $395 Million
BusinessWire - Thu Sep 01, 8:00AM CDT
Calpine Corporation (NYSE:CPN) today announced that it has agreed to sell the Mankato Power Plant, a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota, to Southern Company subsidiary Southern Power for $395.5 million plus working capital and other customary purchase price adjustments.
CPN: 12.48 (+0.35), SO: 51.80 (+0.62)
Southern Company subsidiary to acquire natural gas-fired power facility in Minnesota
PR Newswire - Thu Sep 01, 8:00AM CDT
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.
CPN: 12.48 (+0.35), SO: 51.80 (+0.62)
Sense Closes $14 Million Series A
Marketwire Canada - Thu Sep 01, 6:30AM CDT
Energy Monitoring Platform Expands Community With Launch of Android and Solar App
XEL: 41.71 (+0.44), GXP: 27.60 (+0.62), NGG: 71.65 (+1.80), AEE: 49.66 (+0.51), SO: 51.80 (+0.62)
Energy Impact Partners Co-Leads $14 Million Investment in Sense Labs, Inc.
Marketwire Canada - Thu Sep 01, 6:30AM CDT
Latest Investment on Behalf of Utility Partner Coalition Will Fund Company's Global Expansion
XEL: 41.71 (+0.44), GXP: 27.60 (+0.62), NGG: 71.65 (+1.80), AEE: 49.66 (+0.51), SO: 51.80 (+0.62)
15th VCM Report recaps progress at Vogtle expansion through June 2016
PR Newswire - Wed Aug 31, 3:24PM CDT
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.
SO: 51.80 (+0.62)
Southern Company subsidiary acquires Grant Plains wind facility
PR Newswire - Mon Aug 29, 8:00AM CDT
Southern Company subsidiary Southern Power today announced the acquisition of the 147-megawatt (MW) Grant Plains wind facility in Oklahoma from Apex Clean Energy.
SO: 51.80 (+0.62)
Energy Systems Group Awarded UESC at Maxwell Air Force Base
Marketwired - Wed Aug 24, 5:00PM CDT
MONTGOMERY, AL--(Marketwired - August 24, 2016) - Energy Systems Group (ESG), a leading energy services provider and wholly owned subsidiary of Vectren Corporation (NYSE: VVC), in collaboration with its utility partner, Alabama Power Company (APC), a subsidiary of Atlanta-based Southern Company (NYSE: SO), was awarded a $4.4 million Utility Energy Services Contract (UESC) at Maxwell Air Force Base (Maxwell AFB) in Montgomery, Alabama. Host to the 42d Air Base Wing, Maxwell AFB is the site of Air University, a part of the US Air Force Air Education and Training Command.
VVC: 49.43 (+0.81), SO: 51.80 (+0.62)
2 million-pound CA20 module safely lifted into Vogtle Unit 4 nuclear island
PR Newswire - Mon Aug 22, 3:30PM CDT
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.
SO: 51.80 (+0.62)
New smart grid technologies mean fewer, shorter power outages for Georgia Power customers
PR Newswire - Mon Aug 22, 3:06PM CDT
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.
SO: 51.80 (+0.62)
Southern Company welcomes leading Chinese research facility to global carbon capture coalition
PR Newswire - Mon Aug 22, 9:30AM CDT
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.
SO: 51.80 (+0.62), ERC: 13.13 (+0.11)
X-energy and Southern Nuclear Collaborate on Advanced Reactor Development
PR Newswire - Mon Aug 22, 8:32AM CDT
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.
SO: 51.80 (+0.62)
Southern Company Prices Common Stock in Public Offering
Zacks Equity Research - Zacks Investment Research - Wed Aug 17, 9:10AM CDT
Electric utility holding firm, Southern Company (SO), announced the pricing of 32.5 million shares of its common stock.
KEP: 25.87 (+0.11), CIG: 2.90 (+0.14), SO: 51.80 (+0.62), SPKE: 29.72 (+0.65)
Update: Georgia Power restores power to more than 200,000 customers following Tropical Storm Hermine
PR Newswire - Sat Sep 03, 11:31AM CDT
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.
SO: 51.80 (+0.62)
Fitch Upgrades Southern Natural Gas to 'BBB+'; Outlook Revised to Stable
BusinessWire - Fri Sep 02, 10:20AM CDT
Fitch Ratings has upgraded its Long-term Issuer Default Rating (IDR) and senior unsecured rating of Southern Natural Gas Company (SNG) to 'BBB+.' A Stable Rating Outlook has been assigned. Today's action resolves the Rating Watch Positive on which SNG was placed on July 11, 2016.
SO: 51.80 (+0.62)
Southern Company (SO) Unit to Buy Natural Gas Power Plant
Zacks Equity Research - Zacks Investment Research - Fri Sep 02, 7:22AM CDT
Electric utility holding firm Southern Company's (SO) subsidiary, Southern Power, announced that it has entered into an agreement to acquire a natural gas-fired power plant in Minnesota from Calpine Corp. (CPN) for $395.5 million, plus working capital.
KMI: 21.92 (+0.31), CPN: 12.48 (+0.35), SO: 51.80 (+0.62)
Southern Company, Kinder Morgan Finalize Southern Natural Gas Pipeline Strategic Venture
PR Newswire - Thu Sep 01, 3:15PM CDT
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.
KMI: 21.92 (+0.31), SO: 51.80 (+0.62)
Calpine Announces Sale of Mankato Power Plant for $395 Million
BusinessWire - Thu Sep 01, 8:00AM CDT
Calpine Corporation (NYSE:CPN) today announced that it has agreed to sell the Mankato Power Plant, a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota, to Southern Company subsidiary Southern Power for $395.5 million plus working capital and other customary purchase price adjustments.
CPN: 12.48 (+0.35), SO: 51.80 (+0.62)
Southern Company subsidiary to acquire natural gas-fired power facility in Minnesota
PR Newswire - Thu Sep 01, 8:00AM CDT
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.
CPN: 12.48 (+0.35), SO: 51.80 (+0.62)
Sense Closes $14 Million Series A
Marketwire Canada - Thu Sep 01, 6:30AM CDT
Energy Monitoring Platform Expands Community With Launch of Android and Solar App
XEL: 41.71 (+0.44), GXP: 27.60 (+0.62), NGG: 71.65 (+1.80), AEE: 49.66 (+0.51), SO: 51.80 (+0.62)
Energy Impact Partners Co-Leads $14 Million Investment in Sense Labs, Inc.
Marketwire Canada - Thu Sep 01, 6:30AM CDT
Latest Investment on Behalf of Utility Partner Coalition Will Fund Company's Global Expansion
XEL: 41.71 (+0.44), GXP: 27.60 (+0.62), NGG: 71.65 (+1.80), AEE: 49.66 (+0.51), SO: 51.80 (+0.62)
15th VCM Report recaps progress at Vogtle expansion through June 2016
PR Newswire - Wed Aug 31, 3:24PM CDT
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.
SO: 51.80 (+0.62)
Southern Company subsidiary acquires Grant Plains wind facility
PR Newswire - Mon Aug 29, 8:00AM CDT
Southern Company subsidiary Southern Power today announced the acquisition of the 147-megawatt (MW) Grant Plains wind facility in Oklahoma from Apex Clean Energy.
SO: 51.80 (+0.62)
Energy Systems Group Awarded UESC at Maxwell Air Force Base
Marketwired - Wed Aug 24, 5:00PM CDT
MONTGOMERY, AL--(Marketwired - August 24, 2016) - Energy Systems Group (ESG), a leading energy services provider and wholly owned subsidiary of Vectren Corporation (NYSE: VVC), in collaboration with its utility partner, Alabama Power Company (APC), a subsidiary of Atlanta-based Southern Company (NYSE: SO), was awarded a $4.4 million Utility Energy Services Contract (UESC) at Maxwell Air Force Base (Maxwell AFB) in Montgomery, Alabama. Host to the 42d Air Base Wing, Maxwell AFB is the site of Air University, a part of the US Air Force Air Education and Training Command.
VVC: 49.43 (+0.81), SO: 51.80 (+0.62)
2 million-pound CA20 module safely lifted into Vogtle Unit 4 nuclear island
PR Newswire - Mon Aug 22, 3:30PM CDT
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.
SO: 51.80 (+0.62)
New smart grid technologies mean fewer, shorter power outages for Georgia Power customers
PR Newswire - Mon Aug 22, 3:06PM CDT
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.
SO: 51.80 (+0.62)
Southern Company welcomes leading Chinese research facility to global carbon capture coalition
PR Newswire - Mon Aug 22, 9:30AM CDT
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.
SO: 51.80 (+0.62), ERC: 13.13 (+0.11)
X-energy and Southern Nuclear Collaborate on Advanced Reactor Development
PR Newswire - Mon Aug 22, 8:32AM CDT
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.
SO: 51.80 (+0.62)
Southern Company Prices Common Stock in Public Offering
Zacks Equity Research - Zacks Investment Research - Wed Aug 17, 9:10AM CDT
Electric utility holding firm, Southern Company (SO), announced the pricing of 32.5 million shares of its common stock.
KEP: 25.87 (+0.11), CIG: 2.90 (+0.14), SO: 51.80 (+0.62), SPKE: 29.72 (+0.65)
