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Southern Company Gas expands clean energy portfolio with new renewable natural gas agreements for its Virginia and Tennessee subsidiaries
Prnewswire· 2025-06-25 15:45
Core Viewpoint - Southern Company Gas subsidiaries, Virginia Natural Gas and Chattanooga Gas, have made renewable natural gas (RNG) purchases that are expected to avoid 18,978 metric tons of CO₂e emissions, equivalent to the carbon sequestered by 19,036 acres of U.S. forests in one year [1] Group 1: Renewable Natural Gas (RNG) Overview - RNG is produced from naturally occurring methane from landfills, agricultural waste, wastewater, and food waste, significantly reducing greenhouse gas emissions by capturing methane before it enters the atmosphere [2] - RNG is compatible with existing natural gas infrastructure and appliances, facilitating a transition to a more sustainable energy source [2] Group 2: Company Initiatives and Goals - Southern Company Gas aims to deliver cleaner fuels as part of its commitment to sustainability, with a goal of achieving net-zero direct greenhouse gas emissions from operations by 2050 [3] - The recent RNG purchases are part of a broader initiative to support emission reduction efforts and follow the company's first RNG purchases in 2023 [3] Group 3: Legislative Support - The RNG deal is supported by policies in Virginia and Tennessee, including Virginia's Energy Innovation Act and Sustainable Gas Program, which encourage RNG production and delivery [4] - Tennessee's Natural Gas Innovation Act allows natural gas utilities to pursue cleaner energy options and reflect innovative natural gas costs in their pricing [4] Group 4: Future Projects - Virginia Natural Gas has announced a collaboration with the Hampton Roads Sanitation District to create a facility that will convert biogas from organic waste into RNG [4]
Southern Company second-quarter earnings to be released July 31
Prnewswire· 2025-06-24 12:00
Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies [3] - The company operates electric companies in three states and natural gas distribution companies in four states, along with a competitive generation company and a leading distributed energy solutions provider [3] - Southern Company is committed to achieving net-zero greenhouse gas emissions by 2050, emphasizing innovation, resilience, and sustainability [3] Upcoming Earnings Release - Southern Company plans to release its earnings for the second quarter of 2025 on July 31, 2025, at 7:30 a.m. ET [1] - The earnings discussion will be led by Chairman, President and CEO Christopher C. Womack and CFO Daniel S. Tucker during a conference call for financial analysts at 1 p.m. ET on the same day [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 following the event [2]
A Pair Trade Opportunity By The Southern Company Baby Bonds
Seeking Alpha· 2025-06-20 16:45
Group 1 - As global tensions rise, investors are increasingly seeking safer investment options due to fears of potential conflicts impacting market liquidity and increasing volatility [1] - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1] - The article emphasizes the importance of active portfolio management and discussion among sophisticated traders and investors during uncertain times [1] Group 2 - The article includes a disclosure regarding the author's beneficial long position in SOJE shares, indicating a vested interest in the stock mentioned [2] - It is noted that past performance is not indicative of future results, and no specific investment recommendations are provided [2] - The article clarifies that Seeking Alpha does not act as a licensed securities dealer or investment adviser, highlighting the independent nature of its analysts [2]
Georgia Power offers energy efficiency resources to beat the summer heat
Prnewswire· 2025-06-19 15:00
Core Insights - Georgia Power is focused on helping customers manage energy bills and stay cool during the summer by providing practical energy efficiency tips and resources [1] Energy Efficiency Programs - The EASE Program offers free home upgrades such as LED light bulbs and attic insulation for qualifying customers, particularly those with incomes at or below 200% of federal poverty guidelines [2] - Customers can utilize the My Power Usage tool to monitor energy consumption and receive alerts when they exceed their usage targets [3] Community Assistance Resources - Georgia Power provides a directory of local resources for assistance with utilities, food, and shelter, accessible through their website [4] - The company partners with community organizations to offer support for rent and utilities, including the Project Share initiative [5] Commitment to Customer Empowerment - Georgia Power emphasizes the importance of energy-saving tips and community support to help customers navigate summer energy challenges effectively [6] - The company maintains a diverse energy generation mix, including renewables, and offers rates below the national average [7] Additional Energy-Saving Tips - Recommendations include changing air filters regularly, sealing windows and doors, using cold water for laundry, and utilizing appliances during off-peak hours [8]
Southern Cross Gold Announces Receipt of Conditional Acceptance to List on Toronto Stock Exchange
Newsfile· 2025-06-19 10:30
Core Viewpoint - Southern Cross Gold Consolidated Ltd has received conditional approval to list its common shares on the Toronto Stock Exchange, transitioning from the TSX Venture Exchange while continuing to trade on the Australian Securities Exchange under the symbol "SX2" [1][2]. Company Overview - Southern Cross Gold Consolidated Ltd controls the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia, which is recognized as a significant gold and antimony discovery with exceptional drilling results [4]. - The project has reported 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling, with mineralization extending over a 12 km strike length and confirmed continuity from surface to 1,100 m depth [4]. Strategic Value - The dual-metal profile of Sunday Creek, with antimony contributing approximately 20% of the in-situ value alongside gold, has gained importance due to China's export restrictions on antimony, a critical metal for defense and semiconductor applications [5]. - Southern Cross is positioned as a potential key Western antimony supplier, especially following its inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS [5]. Technical Fundamentals - Preliminary metallurgical work indicates non-refractory mineralization suitable for conventional processing, achieving gold recoveries of 93-98% through gravity and flotation methods [6]. - The company maintains a strong cash position, owns over 1,000 hectares of strategic freehold land, and has a large 60 km drill program planned through Q3 2025, positioning it well to advance its gold-antimony discovery [6].
Lavras Gold Corp. Intersects 1.0 g/t Gold over 371 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update
Newsfile· 2025-06-18 10:30
Core Insights - Lavras Gold Corp. has reported significant drilling results from the Butiá Gold Deposit, with all seven new drill holes intersecting gold mineralization, including a notable 371 metres grading 1.0 g/t gold and higher-grade intervals [1][4][5] - The company aims to convert inferred gold resources into measured and indicated categories while expanding the mineralization footprint at Butiá [3][5][9] Drilling Results - Drill hole 25BT047 returned 371.0 metres grading 1.0 g/t gold, with a lower portion showing a 50.0 metre interval grading 3.4 g/t gold, including 1.0 metre grading 78.1 g/t gold [4][5][16] - Drill hole 25BT045 intersected multiple intervals of gold mineralization, including 50.0 metres grading 3.4 g/t gold and several high-grade intervals [4][5][15] - The total drilling completed at Butiá and the adjacent Fazenda do Posto target now stands at nearly 53,000 metres, significantly higher than the historical drilling of 20,000 metres [6][9] Exploration Initiatives - The company has renewed a 25,000-metre drilling contract to continue its ongoing drilling program [2] - A metallurgical test program for Butiá is underway at the SGS Laboratory in Belo Horizonte, Brazil, with composite samples from the Fazenda do Posto gold target sent for investigation [2][3] Resource Estimates - The Butiá Gold Deposit hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces in the Inferred category [1][8][41] - The ongoing drilling program is focused on increasing the geological confidence of the existing gold resource and potentially increasing the gold endowment [3][9]
Southern's Unit Achieves 50% Hydrogen Blend in Natural Gas Turbine
ZACKS· 2025-06-17 13:21
Core Insights - Southern Company's subsidiary, Georgia Power, in collaboration with Mitsubishi Power, has successfully conducted the world's largest hydrogen blending test with natural gas on a gas turbine, achieving a 50% hydrogen co-firing capability, marking a significant advancement in low-carbon power generation in the U.S. [1][9][18] Hydrogen Co-Firing Demonstration - The demonstration utilized a Mitsubishi Power M501GAC gas turbine, confirming stable operations and performance at both partial and full loads, with a 22% reduction in carbon dioxide emissions when blending 50% hydrogen with natural gas [2][9]. - Testing was conducted over May and June, validating combustion stability, efficiency, and emissions across various hydrogen blend percentages, starting from 5% to 50% [4][5]. Technological Enhancements - The M501GAC turbine underwent significant upgrades in 2023, including a switch from steam to air cooling and the integration of advanced J-series combustion technology, enhancing hydrogen fuel compatibility and operational efficiency [3]. Strategic Importance of Plant McDonough-Atkinson - Located near Atlanta, Plant McDonough-Atkinson is crucial to Georgia's power infrastructure, supporting approximately 1.7 million homes and operating with multiple gas and steam turbines [6][7]. Project Execution and Logistics - Mitsubishi Power managed the project with comprehensive turnkey services, ensuring a consistent hydrogen supply through a partnership with Certarus [8]. Industry Leadership and Future Vision - The success of the hydrogen blend test positions Mitsubishi Power as a leader in hydrogen combustion technology, contributing to Georgia Power's strategy for a diverse fuel portfolio and addressing evolving energy demands [11][12]. - Southern Company is actively developing additional hydrogen-capable assets, including new turbines at Plant Yates and proposed upgrades at Plant McIntosh, aimed at increasing capacity and hydrogen integration [14][15]. Decarbonization Strategy - Natural gas currently accounts for 40% of Georgia Power's electricity generation, and the integration of hydrogen is seen as a method to enhance reliability while reducing emissions [16][17].
Koryx Copper Provides Project Development Update for the Haib Copper Project, Southern Namibia
GlobeNewswire News Room· 2025-06-17 11:00
Core Insights - Koryx Copper Inc. has made significant progress on its Haib Copper Project in Namibia, focusing on metallurgical testing and infrastructure development, with a Preliminary Economic Assessment (PEA) expected in Q3 2025 [2][3][4] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum project aimed at producing clean copper concentrate through conventional methods, with potential for additional copper production via heap leaching [2][4][29] - The current mineral resource estimate stands at 414 million tonnes (Mt) at 0.35% copper, equating to 1,459 million tonnes of contained copper in the Indicated category, and 345 Mt at 0.33% copper for 1,136 million tonnes of contained copper in the Inferred category [29] Metallurgical Testing - The metallurgical test program has shown excellent results, achieving an average flotation recovery of 89% from a grind size of 120-150 micrometers, producing concentrates with a grade of 20-25% copper [8][18] - Historical test parameters have been effectively enhanced, leading to improved copper recovery and cost reduction [6][7] - The program includes ongoing pre-concentration and heap leach testing, with promising initial results [8][16] Infrastructure Development - The project is supported by a comprehensive infrastructure plan, including water and power supply studies indicating a demand of approximately 120 megawatts (MW) for milling and flotation, and 20 million cubic meters (Mm³) of water per annum [8][19] - A mining license application is in progress, and environmental permitting is advancing, with a comprehensive Environmental and Social Impact Assessment (ESIA) being developed [21][26] Technical Studies and Future Plans - Multiple world-class engineering consultants are involved in the PEA, which aims to demonstrate the techno-economic feasibility of Haib as a long-life, low-cost, large-scale open-pit mine [4][5] - The company plans to expedite its drilling program to enhance the mineral resource estimate and capture additional project value through an updated technical study in H1 2026 [5][32] Conclusion - Koryx Copper Inc. is positioning the Haib Copper Project as a future low-risk, high-potential copper production site, with extensive testing and studies underway to support its development [28][29]
Southern Cross Gold Drills 3.9 m at 124.6 g/t Gold with Individual Assays up to 2,110 g/t Gold
Newsfile· 2025-06-16 10:30
Core Insights - Southern Cross Gold Consolidated Ltd has reported significant drilling results from its Sunday Creek gold-antimony project, highlighting the effectiveness of its systematic infill drilling strategy which has reproduced high-grade zones and discovered additional mineralization. Group 1: Exceptional High-Grade Intercepts - The drill hole SDDSC162 intersected 3.9 m at 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb), marking it as the tenth best interval to date at Sunday Creek [4][9][10] - Individual assays reached up to 2,110 g/t Au, representing the seventh best gold assay recorded [4][7] - The Apollo prospect's drill hole SDDSC164 yielded a fourth sample exceeding 100 g/t Au within 180 m of the surface [4][13] Group 2: Successful Infill Strategy Delivering Results - Two infill holes successfully reproduced high-grade zones, validating the geological model and discovering additional vein sets beyond original targets [4][5] - A new 60 m zone of prospective near-surface ground was discovered adjacent to the historic Gladys Mine, which had a 104 m strike length [4][6] Group 3: High-Grade Antimony Confirmed - High-grade antimony-gold combinations were confirmed, including 87.1 g/t Au with 21.6% Sb and 62.3 g/t Au with 20.1% Sb [4][6][30] - The strategic importance of antimony is underscored by ongoing Chinese export restrictions, enhancing the project's value [4][30][33] Group 4: Operational Momentum - The company is advancing a drill program exceeding 200 km, with twenty holes currently being processed and eight actively drilling [8][11][18] - The systematic drilling strategy aims to expand the mineralized footprint while improving geological understanding [19][22] Group 5: Strategic Value of Sunday Creek - The Sunday Creek project is located 60 km north of Melbourne and covers 16,900 hectares, with the company also holding 1,054.51 Ha of freehold land [20][32] - The dual-metal profile of gold and antimony enhances the project's strategic value, particularly in light of China's export restrictions on antimony [33][34]
Southern Company: Data Center Expansion Is Strong Catalyst; Initiate With 'Strong Buy'
Seeking Alpha· 2025-06-16 01:20
Company Overview - Southern Company is the second-largest utility company in the US, generating electricity from both traditional power and new energies in Alabama, Georgia, and Southeastern Mississippi [1] Business Growth - The company is favored for its business growth in the data center market, indicating a strategic focus on expanding its services in this sector [1] Stability - Southern Company is recognized for its stable utility operations, which may contribute to its attractiveness as an investment [1]