$SO (Southern Company)

$SO {{ '2016-07-27T18:31:31+0000' | timeago}} • Webcast

Jefferies analyst Anthony Crowdell questions $SO as to what it expects O&M cost to be for 2H16 and what the drivers are if any. CFO Art Beattie says that the company always manages its O&M and especially this year, it's more normal than last, where it had spent less in O&M during 1H16 vs. 1H15.

$SO {{ '2017-10-16T19:51:33+0000' | timeago}} • Announcement

$SO announced a regular quarterly dividend of 58 cents per share on its common stock, payable Dec 6, 2017, to shareholders as of Nov 20, 2017.

$SO {{ '2017-10-16T12:42:00+0000' | timeago}} • Announcement

$SO and its subsidiary Southern Company Gas said that Pivotal Utility Holdings, Inc., a subsidiary of Southern Company Gas will 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 approx. $1.7Bil. The deal is expected to close by 3Q18.

$EQIX {{ '2017-08-16T17:14:36+0000' | timeago}} • Announcement

$EQIX signed a 15-year Power Purchase Agreement (PPA) with a subsidiary of $SO in which Bloom Energy fuel cells will be installed at 12 International Business Exchange 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.

$SO {{ '2017-08-03T15:13:12+0000' | timeago}} • Webcast

In Southern Power, $SO stated that it is evaluating the use of third-party tax equity to fund renewable projects. Southern Power is also working to secure tax equity for the Cactus Flats wind project. The company expects it will likely explore the same for projects in its 3,000 megawatt joint development pipeline.

$SO {{ '2017-08-03T15:12:02+0000' | timeago}} • Webcast

$SO saw many positive indicators in its service territories. YTD residential customer growth exceeded expectations with 15,000 new customers added in $SO's gas service areas and about 25,000 added in its electric territories. $SO added that employment and population growth in its combined electric and gas territories were good.

$SO {{ '2017-08-02T11:44:15+0000' | timeago}} • Announcement

Mild weather, increased interest expense and share issuances dragged the gas and electric utility holding company $SO to a loss for 2Q17. For the quarter, $SO reported net loss of $1.38Bil or $1.38 per share compared to a net income of $623MM or $0.68 per share a year earlier. Revenue surged 21.7% to $5.43Bil. Non-GAAP EPS dipped to $0.73 YoY.

$WPZ {{ '2017-08-01T20:44:46+0000' | timeago}} • Announcement

$WPZ and Southern Company Gas, a subsidiary of $SO, have placed into service their Dalton Expansion Project to serve Georgia natural gas markets. The Dalton Expansion Project is an expansion of the existing Transco pipeline system.

$SO {{ '2017-08-01T17:24:23+0000' | timeago}} • Announcement

For building its renewable portfolio, $SO's subsidiary Southern Power announced the acquisition of its fifth Texas wind project, the 148-megawatt (MW) Cactus Flats Wind Facility, from Renewable Energy Systems Americas Inc. (RES).

$SO {{ '2017-07-17T19:44:39+0000' | timeago}} • Announcement

$SO announced a regular quarterly dividend of $0.58 per share on the company's common stock, payable September 6, 2017, to shareholders of record as of August 21, 2017.

$SO {{ '2017-07-12T20:41:20+0000' | timeago}} • Announcement

Energy company $SO and its subsidiary Gulf Power have launched the latest battery storage research project. The project is envisaged to demonstrate the capabilities of an energy storage system designed to help industrial and commercial customers store and use energy. It is expected to boost development of battery storage technology in the company.

$SO {{ '2017-06-30T14:40:26+0000' | timeago}} • Announcement

$SO's subsidiary Southern Power has signed an agreement with Wärtsilä, a supplier of flexible generation technology, to develop two flexible gas power plant projects, which could be as large as 450 megawatts each.

$SO {{ '2017-06-28T20:35:00+0000' | timeago}} • Announcement

$SO and Mississippi Power announced the suspension of start-up and operations activities involving the lignite gasification portion of the Kemper County energy facility. The facility will continue to operate using natural gas pending the Mississippi Public Service Commission's decision on future operations.

$SO {{ '2017-06-27T14:33:37+0000' | timeago}} • Announcement

$SO's PowerSecure unit entered into a strategic alliance with Advanced Microgrid Solutions to develop and deploy behind-the-meter distributed energy resources across the US. PowerSecure will bring project design, engineering and technology solutions to the alliance while AMS will provide asset management services through its ArmadaTM platform.

$SO {{ '2017-05-03T18:47:38+0000' | timeago}} • Webcast

Electric utility firm $SO said it benefited about $0.05 in 1Q17 earnings compared to the guidance due to the change in accounting for production tax credit (PTC).

$SO {{ '2017-05-03T18:05:39+0000' | timeago}} • Webcast

$SO said it recognized higher income at Southern Power related to production tax credits in 1Q17. The company do not expect additional tax benefit to occur for the rest of the year. Southern Power recognized a tax benefit of over $50MM in 1Q17.

$SO {{ '2017-05-03T11:49:46+0000' | timeago}} • Announcement

Power company $SO reported 34.5% rise in 1Q17 profit. The results were positively influenced by Southern Company as that was acquired on July 1, 2016. Net earnings rose to $658MM, or $0.66 per share, compared to $489MM, of $0.53 per share during 1Q16. Revenues rose 44.6% to $5.77Bil from $3.99Bil. Excluding items, $SO earned $0.66 per share.

$SO {{ '2017-02-22T19:38:49+0000' | timeago}} • Webcast

$SO said that there is uncertainty with regards to tax reforms. But by virtue of the agreement that the company signed with the turbine suppliers, $SO is unaware of any tax law change in which they unwound commercial decisions once entered into. Therefore, from the value of the PTC, the company believes that it will persist under any tax reform.

$SO {{ '2017-02-22T18:31:46+0000' | timeago}} • Webcast

For 1Q17, $SO expects to earn $0.57 per share. The company is reiterating its adjusted EPS guidance of $2.90-3.02 per share for FY17 and an EPS growth rate of approx. 5% for the next five years.

$SO {{ '2017-02-22T18:27:39+0000' | timeago}} • Webcast

$SO's expectation for retail electric sales growth over the next several years are between 0-1%. However in the near term, the company expects 2017 electric sales growth to be towards the lower end of that range.

$SO {{ '2017-02-22T13:20:41+0000' | timeago}} • Announcement

Power company $SO reported 27.3% decline in its 4Q16 earnings, negatively impacted by increased operations and maintenance costs. Net earnings declined to $197MM, or $0.20 per share, compared to $271MM, or $0.30 per share during 4Q15. Operating revenue rose 45% YoY to $5.18Bil. Excluding items, $SO earned $0.24 per share.

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