Southern Company(SO)
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Georgia Power begins construction of newest battery storage system in Wadley, Ga.
Prnewswire· 2026-03-31 14:15
Core Insights - Georgia Power has commenced construction on a new 260 megawatt (MW) battery energy storage system (BESS) in Jefferson County, Georgia, to address increasing energy demands and enhance grid reliability [1][3][4]. Project Details - The Wadley BESS project is strategically located next to an existing solar facility and aims to support the integration of renewable energy resources into Georgia's electric system [1][3]. - The system is designed to quickly dispatch stored energy over a four-hour period, capturing renewable energy during low demand for use during peak demand [3][4]. - The project is expected to be completed in 2027 and is being constructed by Burns & McDonnell [4]. Economic Impact - The groundbreaking event for the project highlighted strong community partnerships and the anticipated economic benefits for Jefferson County [2][3]. - Local officials expressed pride in the investment and hope for future projects in the area [3]. Statewide Initiatives - Georgia Power is also nearing completion of four additional BESS facilities totaling 765 MW across Bibb, Cherokee, Floyd, and Lowndes counties, as part of its broader strategy to enhance energy storage capabilities [5]. - The Georgia Public Service Commission (PSC) has approved the construction of nine new BESS facilities, adding nearly 3,000 MW of planned storage across the state [6]. - In addition, Georgia Power is planning two new solar systems paired with battery storage, with a combined capacity of 350 MW, to further support renewable energy growth [7].
M&T Bank Names Denise Viola Monahan as Regional President for Philadelphia and Southern New Jersey
Prnewswire· 2026-03-30 12:30
PHILADELPHIA, March 30, 2026 /PRNewswire/ -- M&T Bank(NYSE: MTB) today announced the appointment of Denise Viola Monahan as its new Regional President for Philadelphia. Monahan brings to this crucial role over 40 years of financial services experience, deep regional knowledge, leadership acumen and a passion for community engagement, reinforcing M&T's commitment to delivering exceptional service to its customers. Continue Reading M&T Bank Names Denise Viola Monahan as Regional President for Philadelphia ...
Usha Resources Completes Extended Induced Polarization Survey at the Southern Arm Property
Accessnewswire· 2026-03-27 21:30
Core Viewpoint - Usha Resources Ltd. has completed a significant extension to its 2024 ground IP survey to evaluate the potential of three geophysical high potential zones and enhance target definition for identifying potential sulphide-associated mineralization at its Southern Arm polymetallic VMS property in Quebec [1] Group 1 - The company is focused on mineral acquisition and exploration in North America [1] - The extension of the IP survey aims to improve exploration efforts in the metal-rich northwest Abitibi sub province of Quebec [1] - The initial IP survey identified three high potential zones that will be further evaluated [1]
Georgia Power continues renewable energy growth by awarding largest distributed generation solar procurement in company's history
Prnewswire· 2026-03-24 14:00
Core Insights - Georgia Power has awarded the largest set of distributed generation solar power purchase agreements in its history, totaling over 110 megawatts (MW) of new solar generation to meet the growing energy demands in Georgia [1][2]. Group 1: Renewable Energy Growth - The recent approval by the Georgia Public Service Commission (PSC) allows for 16 new contracts, adding 70 MW of third-party solar as part of the 2024 distributed generation request for proposals (RFP) [1]. - In 2024, Georgia Power completed an additional 12 contracts, contributing 41 MW of new distributed generation solar to the system [1]. - The program aims to deliver benefits to customers and communities, originally proposed by Georgia Power and approved by the PSC as part of the 2022 Integrated Resource Plan (IRP) [1]. Group 2: Long-term Strategy and Infrastructure - Georgia Power's distributed generation RFPs enable solar developers to enter long-term power purchase agreements for projects ranging from 250 kilowatts (kW) to 6 MW, enhancing the company's renewable strategy [2]. - The company plans to seek an additional 100+ MW of solar distributed generation over the next two years, with two more RFPs targeting 50 MW each to be released in 2026 and 2027 [3]. - Georgia Power aims to increase its renewable resource portfolio to 10,000 MW by 2032, building on its existing capacity of over 4,900 MW and an additional 5,100 MW under development [4]. Group 3: Customer Programs and Engagement - Georgia Power offers various programs for both business and residential customers to explore solar options, including Simple Solar and community solar initiatives [5]. - The company provides interactive tools on its website to help customers assess their solar options and determine suitability [5]. Group 4: Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.8 million customers across Georgia [6]. - The company maintains a diverse generation mix, including nuclear, coal, natural gas, and renewables, while focusing on delivering reliable and affordable energy [6][7].
Southern Company first-quarter 2026 earnings to be released April 30
Prnewswire· 2026-03-24 14:00
Earnings Release - Southern Company plans to release its earnings for the first quarter of 2026 on April 30, 2026, at 7:30 a.m. ET [1] - A conference call for financial analysts will be held at 1 p.m. ET on the same day, featuring Chairman, President and CEO Christopher C. Womack and CFO David P. Poroch [1] Webcast Information - Investors, media, and the public can listen to a live webcast of the conference call at the Southern Company's investor relations website [2] - A replay of the webcast will be available for 12 months on the same site [2] Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond [3] - The company operates electric and natural gas distribution companies in multiple states and offers a range of services including competitive generation and telecommunications [3] - Southern Company employs nearly 30,000 individuals dedicated to delivering exceptional service [3] Recent Developments - Southern Company received a historic $26.5 billion loan guarantee from the Department of Energy aimed at increasing grid reliability [4]
Veteran Broker Lance Martin Leaves Coldwell Banker After 24 Years, Joins eXp Realty
Globenewswire· 2026-03-19 16:00
Core Insights - eXp Realty has announced the addition of Southern California real estate leader Lance Martin to its brokerage, indicating a strategic move to enhance its agent-centric model [3][4][5] Company Developments - Lance Martin, after 24 years with Coldwell Banker, has transitioned his business, The Martin Group / Cobalt Realty Group, to eXp Realty, which comprises 140 agents known for high production and growth [4][5] - Martin's decision reflects a shift in the real estate industry, criticizing the traditional franchise model as "broken" and highlighting eXp's positioning of agents at the forefront of its business model [6] Industry Trends - The move to eXp Realty is part of a broader trend where agents are increasingly seeking models that allow for greater flexibility and expansion without the constraints of traditional franchise territorial boundaries [6] - Martin aims to scale The Martin Group / Cobalt Realty Group into a multi-state organization, indicating a focus on growth and expansion within the real estate sector [7] Company Overview - eXp World Holdings, Inc. operates eXp Realty, which is characterized by its cloud-based platform and agent-centric model, offering competitive commission structures, revenue sharing, and equity ownership opportunities [8] - The company emphasizes transparency, innovation, and long-term value for agents, staff, and shareholders, with operations across multiple global regions [8]
Blount County, Alabama Communications District selects Southern Linc to integrate two-way radio systems for public safety employees
Prnewswire· 2026-03-17 14:00
Core Insights - Southern Linc has been selected by Blount County, Alabama Communications District to integrate existing radio systems with its CriticalLinc LTE network, enhancing public safety communications [2][5]. Group 1: Challenges and Solutions - Blount County faced issues with reliable handheld radio coverage, particularly for personnel on foot, leading to reliance on outdated VHF radios [3]. - The county sought a long-term solution to improve communication reliability while adhering to budget constraints [4]. - Southern Linc's interoperable communications solution was chosen to leverage existing infrastructure and integrate it with a secure LTE network, providing expanded coverage and improved performance [5]. Group 2: Technical Features and Benefits - The new communications architecture includes built-in redundancy, ensuring continuity if any single channel fails, likened to a safety net with multiple layers [6]. - The solution features end-to-end encryption for law enforcement channels, ensuring compliance with federal standards and protecting sensitive communications [7]. - Southern Linc's gateway solution is designed for mission-critical requirements, supporting 32 law enforcement and fire agencies, and enabling interoperability with state agencies [8]. Group 3: Strategic Importance - Blount County is focused on validating the performance of its communications architecture during real-world incidents, emphasizing technical resilience [9]. - This integration represents a strategic investment in secure and robust communications capable of meeting critical demands [10].
Southern Company Expected to Become a Dividend Aristocrat — But Is the Dividend Actually Safe?
247Wallst· 2026-03-16 12:15
Core Viewpoint - Southern Company is on track to achieve Dividend Aristocrat status, having raised its dividend for 24 consecutive years, with a current yield of 3% and trading near $98, despite facing challenges related to a significant capital expenditure plan and rising interest costs [1][4]. Financial Performance - The company has a five-year capital plan amounting to $81 billion, which has resulted in negative free cash flow of $3.6 billion, but this is covered three times by operating cash flow [1][9]. - Southern Company generated $9.8 billion in operating cash flow in 2025, while capital expenditures reached $13.4 billion, leading to negative free cash flow [9]. Dividend Metrics - The annual dividend is $2.96 per share, with a dividend yield of 3% and an earnings payout ratio of approximately 75%, which is elevated but typical for regulated utilities [5][10]. - The most recent dividend increase was from $0.72 to $0.74 per quarter, effective Q2 2025, reflecting a modest increase strategy [5][12]. Growth Projections - Southern Company is targeting an earnings per share (EPS) growth of 8% to 9% through 2028, supported by 26 signed large load contracts representing 10 gigawatts of data center demand in its Southeast territories [2][13]. - Management has indicated a strategy to lower the dividend payout ratio into the low to mid-60s range over the forecast horizon, ensuring a safer payout ratio [12][13]. Debt and Interest Expenses - The total debt stands at $65.8 billion, with a debt-to-equity ratio of 1.83x, which is considered moderate for the sector [11]. - Interest expenses increased to $3.3 billion in 2025 from $2.4 billion in 2023, influenced by the company's capital plan [11].
Southern Cross Gold Drills Record High-Grade in Shallow Apollo: 17.3 Metres at 15.3 g/t Gold & 3.2% Antimony
TMX Newsfile· 2026-03-16 10:00
Core Insights - Southern Cross Gold Consolidated Ltd. (SXGC) reported significant drilling results from the Sunday Creek Gold-Antimony Project, highlighting high-grade intersections, particularly 17.3 m at 22.9 g/t AuEq, marking the best composite recorded in the upper Apollo system [1][4][9]. Drilling Results - Four drill holes (SDDSC195, SDDSC198, SDDSC199, SDDSC200) were completed, demonstrating consistent mineralization across the upper Apollo area, with all holes intersecting mineralized vein sets [7][11]. - The highest-grade composite intersection recorded was 17.3 m at 22.9 g/t AuEq from drill hole SDDSC200, including 6.3 m at 32.3 g/t Au and 7.0% Sb [9][16]. - Multiple intervals in the reported holes exceeded 20% antimony, indicating high concentrations consistent with the epizonal character of the Sunday Creek system [6][12]. Geological Insights - The upper Apollo system is characterized by a coherent vein architecture, with new high-grade cores identified in previously unrecognized vein sets, suggesting ongoing expansion of the mineralized system [4][11][18]. - The geological model supports the presence of high-grade gold-antimony mineralization from near surface, with significant discovery potential remaining [13][29]. Strategic Importance - The project is strategically significant due to its dual-metal profile, particularly in light of global supply constraints for antimony, a critical metal for various high-tech applications [30][33]. - SXGC's ongoing 200,000 m drill program aims to explore previously undrilled gaps and infill known vein sets, with 46 holes pending results and ten rigs currently operational [19][22]. Company Overview - Southern Cross Gold is focused on defining a leading gold-antimony project at Sunday Creek, located 60 km north of Melbourne, with a significant number of high-grade drill results reported [32][35]. - The company holds a strong cash position and strategic land ownership, positioning it well for advancing this globally significant discovery [35].
The Southern Company Gets the Largest Ever Loan from the US Department of Energy
Insider Monkey· 2026-03-12 03:58
Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to reinvent customer experiences [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, reshaping the global economy [2] - Major firms like PwC and McKinsey acknowledge that AI could unlock multi-trillion-dollar potential, supporting Musk's ambitious forecast [3] Industry Trends - The AI revolution is characterized by a powerful breakthrough that is redefining work, learning, and creativity, attracting significant interest from hedge funds and top investors [4] - A lesser-known company is identified as holding the key to the AI revolution, suggesting that it may be undervalued compared to larger tech firms [6] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a major technological advancement with the potential for significant social impact [8] Investment Opportunities - There is a strong belief that investors will regret not owning shares in a specific under-owned company that is pivotal to the AI revolution [9] - A detailed report on this company and its technology is available, highlighting its growth potential and significance in the AI landscape [10]