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Georgia Power continues hydro fleet modernization effort to serve a growing Georgia
Prnewswire· 2025-08-22 15:04
Core Insights - National Hydropower Day on August 24 emphasizes the significance of hydropower in enhancing the clean energy infrastructure and ensuring grid reliability in the U.S. [1] - Georgia Power operates 15 hydroelectric facilities with a total capacity exceeding 1,100 MW, contributing to emission-free energy generation [1][7] - The company is actively modernizing its hydro fleet, with recent approvals from the Georgia Public Service Commission for upgrades at several hydro facilities [2][3] Investment and Modernization - Georgia Power's investments focus on modernizing aging equipment to maintain compliance with Federal Energy Regulatory Commission licenses and extend the operational life of hydro facilities by at least 40 years [3][4] - Recent modernization efforts include significant upgrades at Plants Tugalo and Bartlett's Ferry, involving generator and turbine replacements, as well as improvements to balance of plant systems [4][5] Operational Updates - The completion of modernization work at Plant Tugalo includes the replacement of generators and turbines, with similar upgrades previously completed at Plant Terrora [4] - Progress has also been reported at Plants Bartlett's Ferry, Nacoochee, Oliver, Burton, and Sinclair, with Bartlett's Ferry Unit 1 returning to service in July 2025 after extensive upgrades [5]
Georgia Power, Friends of Georgia State Parks to celebrate Your State Parks Day on September 27
Prnewswire· 2025-08-21 16:28
Group 1 - Georgia Power and Friends of Georgia State Parks & Historic Sites are organizing "Your State Parks Day" on September 27 to celebrate National Public Lands Day and support the maintenance of Georgia's state parks [1][2] - The event encourages Georgians to participate in clean-up efforts or support the program through donations and sharing memories of their favorite state parks [2] - Georgia Power has been actively involved in this initiative, with hundreds of employees volunteering to enhance local state parks, reflecting the company's commitment to community service and environmental stewardship [3] Group 2 - Friends of Georgia State Parks & Historic Sites is a nonprofit organization dedicated to raising awareness about the economic and intrinsic values of Georgia's natural and cultural resources [3] - The organization collaborates with local chapters and community leaders to ensure the protection and preservation of Georgia's state parks for future generations, with thousands of volunteer hours contributed annually [3] - Georgia Power, as the largest electric subsidiary of Southern Company, emphasizes its commitment to delivering reliable and affordable energy while also focusing on community engagement and environmental responsibility [5]
Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia
GlobeNewswire News Room· 2025-08-20 19:31
Core Viewpoint - Almadex Minerals Ltd. is highlighting its exploration projects, Nicoamen and Merit, located in the Spences Bridge Gold Belt, which is gaining attention due to recent high-grade gold discoveries in the region [1][2]. Group 1: Spences Bridge Gold Belt Overview - The Spences Bridge Gold Belt is a 110 km northwest-trending area in southern British Columbia, known for its potential for low-sulphidation epithermal gold-silver mineralization [2]. - Approximately CA$55 million has been invested in exploration at the Shovelnose Property, which has led to a robust Preliminary Economic Assessment (PEA) indicating a low-cost, high-margin underground gold mining operation with an estimated mine life of 11.1 years [2]. Group 2: Nicoamen Project Highlights - The Nicoamen Project consists of 9 claims covering 3,332 hectares, located approximately 17 km southeast of Lytton [5]. - Previous exploration included stream sediment, rock, and soil sampling, trenching, and geophysical surveys, with the most recent work conducted by Independence Gold Corp. before early 2022 [6]. - Exploration results indicated gold values of up to 4.46 g/t, with a newly identified vein zone showing consistent grades between 1.05 g/t and 3.91 g/t over a width of 100 meters [6][7]. Group 3: Merit Project Highlights - The Merit Project comprises four mineral claims covering roughly 1,900 hectares, located approximately 22 km west of Merritt [8]. - Previous exploration led to the discovery of multiple zones of alteration and mineralization, with significant results including 7.24 g/t gold over 1.8 meters from a trenching program [8]. - Independence Gold Corp. also conducted work on the Merit Property, with sampling returning assays of up to 9.5 g/t gold and 341 g/t silver [9]. Group 4: Future Development Plans - The company intends to seek a qualified partner to further develop the Nicoamen and Merit projects while focusing on advancing its U.S.-based exploration projects [10]. - Almadex holds three royalties within the Spences Bridge Gold Belt, including a 2% NSR on Westhaven Gold's Prospect Valley and Skoonka projects [10].
Southern's Subsidiary Installs Advanced Turbines at Plant Yates
ZACKS· 2025-08-18 14:05
Core Insights - Georgia Power, a subsidiary of Southern Company, has received the first of three advanced gas combustion turbines at Plant Yates, marking a significant upgrade in the region's energy infrastructure [1][8] - The new Mitsubishi Power M501JAC turbines will collectively generate 1,300 megawatts of power, enhancing energy capacity and reliability for Georgia customers [2][8] - The expansion project at Plant Yates is creating approximately 600 construction jobs and will permanently increase the workforce by 15 full-time positions [4][8] Energy Infrastructure Development - The M501JAC turbines are the first natural gas turbines added to Georgia Power's fleet in a decade, reflecting a strategic shift towards cleaner energy sources [2][5] - Plant Yates has undergone significant modernization since its inception in 1950, transitioning from coal to natural gas generation to support cleaner energy initiatives [3][12] - The project aligns with the Georgia Public Service Commission's 2023 Integrated Resource Plan Update, emphasizing a forward-thinking approach to energy planning [5] Technological Advancements - The M501JAC turbines feature advanced air-cooled technology, allowing for faster start-up times of approximately 30 minutes and operational flexibility [7][8] - These turbines can operate on oil if natural gas supply is interrupted and are designed to accommodate hydrogen blending, positioning Georgia Power as a leader in low-carbon fuel innovation [7][8] Economic Impact - The investment in new turbines at Plant Yates not only strengthens Georgia's energy capacity but also supports local manufacturing and workforce development through job creation [10][11] - The project exemplifies a strategic use of existing infrastructure combined with innovative technology to maximize benefits for consumers and foster sustainable economic growth [11][12]
First new natural gas turbine delivered to Georgia Power's Plant Yates
Prnewswire· 2025-08-15 14:01
Core Viewpoint - Georgia Power, in collaboration with Mitsubishi Power, has delivered the first of three new advanced natural gas turbines to Plant Yates, marking the company's first new natural gas project in over a decade, aimed at meeting the growing energy demand in Georgia [1][4][5]. Group 1: Project Details - The new Mitsubishi Power M501JAC combustion turbines will provide a total generation capacity of 1,300 megawatts (MW) when all units are operational [1]. - The first turbine, weighing nearly 350 tons and measuring 50 feet long and 18 feet wide, was assembled in Savannah and transported to the site via rail and truck [1]. - The new units are expected to be operational by the end of 2027, as approved by the Georgia Public Service Commission (PSC) in the 2023 Integrated Resource Plan (IRP) Update [4]. Group 2: Economic Impact - The expansion at Plant Yates is projected to create approximately 600 jobs during the construction phase and add 15 permanent jobs once completed, increasing the plant's workforce to 75 full-time positions [3]. - Plant Yates has been a significant energy source for Georgia since its commercial operation began in 1950, supporting local economic growth [3]. Group 3: Technological Advancements - The M501JAC turbines offer higher output and efficiency compared to previous designs, with a startup time of approximately 30 minutes and the capability to run on oil if natural gas is unavailable [5]. - The technology also allows for future modifications to use a hydrogen mix as fuel, aligning with industry trends towards reduced carbon emissions [5][6]. Group 4: Energy Strategy - Natural gas currently accounts for 40% of Georgia Power's annual energy generation, and the company is committed to meeting the energy needs of a rapidly growing Georgia through its IRP process [7]. - Georgia Power is also investing in upgrades at other plants, including combined cycle and simple cycle enhancements at Plant McIntosh, which will add an additional 268 MW of capacity [8].
Spirit Airlines Serves Up Southern Hospitality with the Launch of New, Nonstop Service from Savannah
Prnewswire· 2025-08-14 14:00
Core Insights - Spirit Airlines has launched new service to Savannah/Hilton Head International Airport (SAV), marking its first entry into this market with daily nonstop flights to Newark Liberty International Airport (EWR) and additional routes planned for Fort Lauderdale, Nashville, and Detroit [1][2] Service Details - The new Savannah service includes: - Daily flights to Newark (EWR) starting August 14, 2025 - Four weekly flights to Fort Lauderdale (FLL) and three weekly flights to Nashville (BNA) starting October 9, 2025 - Two weekly flights to Detroit (DTW) starting October 10, 2025 [2] Community Impact - The addition of Savannah to Spirit's network is seen as a significant benefit for the local region, providing convenient access to popular destinations and enhancing travel opportunities for visitors to Southeast Georgia and coastal areas of Southeast South Carolina [2] Loyalty Program Promotion - To celebrate the new service, Spirit Airlines is offering a Free Spirit loyalty program promotion where members can earn 1,500 bonus points on roundtrip flights and 750 bonus points on one-way flights to and from Savannah [3][6] Enhanced Travel Experience - Spirit Airlines offers three travel options for guests, including: - Spirit First: Enhanced comfort with additional amenities - Premium Economy: More space and extra legroom - Value: Affordable options allowing travelers to select only necessary extras [4] Industry Recognition - Spirit Airlines has received multiple accolades, including being named Best Airline Overall for 2025 and recognized as a Four Star Low Cost Carrier by APEX [5]
CEO.CA's Inside the Boardroom: Southern Energy CEO Discusses U.S. Gulf Coast Expansion Strategy Amid Booming LNG Exports
Newsfile· 2025-08-13 12:30
CEO.CA's Inside the Boardroom: Southern Energy CEO Discusses U.S. Gulf Coast Expansion Strategy Amid Booming LNG Exports August 13, 2025 8:30 AM EDT | Source: CEO.CA Technologies Ltd. Toronto, Ontario--(Newsfile Corp. - August 13, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers. Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial web ...
Fortuna drills 22.7 g/t gold over 21.6 meters at Southern Arc, Diamba Sud Gold Project, Senegal
GlobeNewswire News Room· 2025-08-13 09:00
Core Viewpoint - Fortuna Mining Corp. reports promising exploration drilling results from the Southern Arc deposit at the Diamba Sud Gold Project in Senegal, indicating potential for resource growth and further exploration planned for September 2025 [1][2]. Exploration Results - Drillhole DSDD488 intersected 22.7 g/t Au over an estimated true width of 21.6 meters from a depth of 53 meters, highlighting high-grade intercepts [2]. - Additional notable results include: - DSDD418: 6.3 g/t Au over 18.2 meters from 31 meters, with higher grades of 23.3 g/t Au over 0.8 meters from 40 meters [3]. - DSDD440: 10.4 g/t Au over 0.8 meters from 41 meters and 19.4 g/t Au over 0.8 meters from 43 meters [3]. - DSDD444: 33.5 g/t Au over 0.8 meters from 45 meters and 9.7 g/t Au over 20.8 meters from 117 meters [3]. - DSDD4621: 4.2 g/t Au over 31.2 meters from 5 meters, including 13.3 g/t Au over 0.8 meters from 7 meters [3]. Drilling Program Overview - A total of 152 reverse circulation and diamond core drill holes have been completed, totaling 21,234 meters since the last update [4]. - Of these, 53 drill holes were completed after the data cutoff for the maiden Inferred Mineral Resource estimate of 3.9 million tonnes averaging 1.57 g/t Au, containing 194,000 ounces of gold [6]. Future Plans - Drilling is set to resume in September 2025 after the rainy season, with further results expected by year-end [2][5]. - An updated resource estimate is planned for the first quarter of 2026, incorporating the results from the recent drilling [6]. Geological Context - Mineralization at Southern Arc is characterized by fine stockwork vein arrays and pyrite-silica flooding, with a strong correlation to tectonic breccias and carbonate units [7]. - The mineralization remains open at depth and along strike to the south and east, indicating further exploration potential [7].
Here is What to Know Beyond Why Southern Company (The) (SO) is a Trending Stock
ZACKS· 2025-08-07 14:00
Core Viewpoint - Southern Co. has shown a positive stock performance recently, outperforming the S&P 500 composite and the Zacks Utility - Electric Power industry, raising questions about its near-term stock trajectory [1] Earnings Estimates Revisions - Southern Co. is projected to post earnings of $1.48 per share for the current quarter, reflecting a year-over-year increase of +3.5% and an 8.6% upward revision in the Zacks Consensus Estimate over the last 30 days [4] - The consensus earnings estimate for the current fiscal year stands at $4.28, indicating a +5.7% year-over-year change, with a slight decrease of -0.2% in the estimate over the past month [4] - For the next fiscal year, the consensus earnings estimate is $4.59, representing a +7.3% change from the previous year, with a minor increase of +0.2% in the estimate over the past month [5] Revenue Growth Projections - The consensus sales estimate for the current quarter is $7.49 billion, indicating a year-over-year change of +3% [10] - For the current fiscal year, the revenue estimate is $28.42 billion, reflecting a +6.4% change, while the next fiscal year's estimate of $29.75 billion indicates a +4.7% change [10] Last Reported Results and Surprise History - In the last reported quarter, Southern Co. achieved revenues of $6.97 billion, a year-over-year increase of +7.9%, and an EPS of $0.91, down from $1.09 a year ago [11] - The reported revenues exceeded the Zacks Consensus Estimate of $6.56 billion by +6.24%, and the EPS surprise was +4.6% [11] - Over the last four quarters, Southern Co. has surpassed consensus EPS estimates three times and topped revenue estimates each time [12] Valuation - Southern Co. is graded D on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [16] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [14][15] Bottom Line - The Zacks Rank 3 suggests that Southern Co. may perform in line with the broader market in the near term, despite the market buzz surrounding the company [17]
Southern Cross Gold Achieves Significant Metallurgical Development at Sunday Creek Gold-Antimony Project
Newsfile· 2025-08-06 10:30
Core Insights - Southern Cross Gold Consolidated Ltd has announced a significant metallurgical development at its Sunday Creek Gold-Antimony Project, focusing on selective flotation processing that yields high-grade, low-arsenic antimony-gold concentrate [1][5][10] Metallurgical Development - Stage 2 test work has successfully demonstrated selective flotation processing, producing a high-grade, low-arsenic antimony-gold concentrate while achieving excellent recovery of native gold [2][3] - The selective flotation technology identified specialized collector chemistry that effectively separates antimony minerals from arsenic-bearing minerals, addressing a critical requirement while maintaining high gold recovery [3][5] - Overall gold recovery ranges from 92.3% to 95.6% across three product streams, indicating a robust processing capability [4][16] Product Streams - The project has established a three-product processing strategy: 1. Gravity gold concentrate, achieving direct recovery of native gold up to 51.4% of feed gold [23] 2. Antimony-gold concentrate, producing high-grade concentrates with antimony grades of 48.2% to 53.1% and gold grades reaching up to 93.2 g/t [8][16] 3. Sulphide concentrate, capturing remaining free gold and gold associated with pyrite-arsenopyrite [23] Economic Potential - The combination of excellent overall native gold recovery and the ability to produce premium antimony concentrates enhances the project's economic potential, particularly given the favorable market conditions for antimony due to recent export restrictions from China [5][33] - Antimony represents approximately 21% to 24% of the in-situ recoverable value of the Sunday Creek project, highlighting its significance alongside gold [32][37] Future Development - The company plans to scale up processing through locked-cycle testing, pilot plant evaluation, and process plant design targeting Q1 2027 [4][20] - Future testing will focus on optimizing recovery rates, understanding the impact of grind size, and developing geometallurgical models across deposit zones [20][38]