$SO (Southern Company)

$SO {{ '2015-12-14T14:29:02+0000' | timeago}} • Announcement

Energy provider $SO's subsidiary Southern Power said its first wind project, the 299MW Kay Wind facility in Kay County, Oklahoma is fully operational. This project consists of 130 wind turbines and can generate enough electricity to power about 100,000 avg. US homes.

$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.

$SO {{ '2017-01-17T05:14:41+0000' | timeago}} • Announcement

$SO BoD declared a regular quarterly dividend of $0.56 per share on the company's common stock, payable March 6, 2017, to shareholders of record as of Feb. 21, 2017.

$SO {{ '2017-01-09T14:33:21+0000' | timeago}} • Announcement

$SO said its subsidiary Southern Power announced the acquisition of the 276-megawatt Bethel Wind Energy Center in Texas from Invenergy Services LLC. 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 acquired or under construction.

$SO {{ '2016-12-30T15:12:47+0000' | timeago}} • Announcement

$SO said its subsidiary Southern Power entered into a joint development agreement with Renewable Energy Systems Americas Inc. to develop and construct approx. 3,000MW across 10 projects with commercial operation dates between 2018 and 2020. Southern Power has also signed agreements to purchase wind turbine equipment from Siemens and Vestas.

$SO {{ '2016-12-22T20:58:39+0000' | timeago}} • Announcement

$SO said its subsidiary Southern Power has acquired two wind facilities in Texas, the 174-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.

$SO {{ '2016-12-14T15:14:50+0000' | timeago}} • Announcement

Southern Power, a subsidiary of $SO and Recurrent Energy, a subsidiary of $CSIQ, began the commercial operation of 200-megawatt Garland Solar facility in California. Southern Power owns the majority of the Garland Solar facility.

$SO {{ '2016-11-18T20:16:58+0000' | timeago}} • Announcement

$SO appointed Nancy Sykes as the Chief Human Resources Officer of Southern Company Services, a division of the company, effective Dec. 5. Ms. Sykes most recently served as Chief Human Resources Officer in U.S. Steel.

$SO {{ '2016-11-17T17:31:21+0000' | timeago}} • Announcement

$SO's subsidiary Southern Power acquired controlling interest in 100-megawatt (MW) Boulder Solar I Facility in Nevada from $SPWR, which will own the remaining interest in the project. Construction of Boulder Solar I began in January 2016 and the facility is expected to begin commercial operation in December 2016.

$SO {{ '2016-10-31T11:44:43+0000' | timeago}} • Announcement

$SO reported higher earnings in 3Q16, helped by an increase in revenues compared to 3Q15. Net earnings were $1.1Bil or $1.18 per share, compared with $1Bil or $1.05 per share last year. Operating revenues were $6.3Bil, an increase of 16% from a year ago.

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