ATLANTA, March 25, 2025 /PRNewswire/ -- Southern Company and EPRI, a non-profit energy research and development organization, are launching a pilot program to advance technologies that will support an affordable, reliable and resilient energy future. The Emerging Technologies Pilot Program (ETP Program) is a collaborative initiative that will accelerate the validation and deployment of cutting-edge energy solutions. This unique collaboration will leverage Southern Company's ability to serve energy to homes ...

ATLANTA, March 24, 2025 /PRNewswire/ -- Southern Company Gas today announced that Walt Farrell has been named president and chief executive officer of Atlanta Gas Light and Chattanooga Gas, effective March 31. In this role, Farrell will serve on the Southern Company Gas Management Council and oversee all aspects of the company's southern operations, bringing clean, safe, reliable and affordable natural gas to approximately 1.8 million customers in Georgia and Tennessee. Walt Farrell Farrell currently se ...

Southern Company (SO) is a leading player in the U.S. utilities sector, handling the generation, transmission and distribution of electricity through its various subsidiaries. The company owns a wide range of power generation assets, including nuclear, coal, hydro, solar, wind and battery storage, serving around 8.9 million electric and gas customers in Georgia, Alabama and Tennessee.With investments in natural gas, renewable energy and solutions like microgrids, SO is working to lead the shift to cleaner e ...

Fundraising Overview - Southern Energy Corp. intends to conduct an equity fundraise to raise approximately US$6.0 million (approximately £4.8 million / C$8.5 million) at a price of 4.3 pence (C$0.08) per Unit [3][4] - The fundraising consists of a placing of new Units to institutional investors on AIM and a concurrent public offering in Canada [4][5] - Each Unit will consist of one new Common Share and one half of one Common Share purchase Warrant, with the whole Warrant allowing the purchase of one Common Share at an exercise price of 5.3 pence (C$0.10) for 36 months [4][6] Use of Proceeds - The funds will be used to accelerate the completion of three drilled and uncompleted (DUC) wells and fully fund the drilling of two vertical Cotton Valley wells [6][10] - The Company expects to benefit from strengthening U.S. natural gas prices, currently above US$4.40/MMbtu (C$6.40/MMbtu) [6][7] - The accelerated development program is anticipated to add over US$20.0 million in proved developed producing (PDP) NPV10 value [6][10] Production Expectations - The Gwinville DUCs are expected to have initial production (IP30) rates of approximately 5.5 MMcf/d per well, with ultimate recovery of approximately 3.5 Bcfe [6][10] - The Mechanicsburg wells are expected to have IP30 rates of approximately 4.2 MMcf/d plus 75 bbl/d of liquids per well, with ultimate recovery of approximately 3.7 Bcfe [6][10] - Production is expected to reach over 4,000 boepd by year-end 2025, representing approximately 100% growth [10] Financial Metrics - The Gwinville DUCs are expected to have an internal rate of return (IRR) of 86%, while the Mechanicsburg wells are expected to have an IRR of 77% [10] - The net proceeds from the fundraising are expected to fully fund the completion of the Gwinville DUCs at a cost of approximately US$2.5 million per well and the Mechanicsburg wells at a cost of approximately US$3.5 million [10][12] Market Context - The Company is positioned to capitalize on the positive macro environment for the U.S. natural gas market, driven by increasing LNG export capacity and seasonal demand factors [8][10] - Current Henry Hub natural gas pricing is supportive, with averages greater than US$4.80/MMBtu for the balance of 2025 and US$4.40/MMBtu for 2026 [7][8]

Core Points - Georgia Power, alongside state lawmakers, celebrated March 11, 2025, as Georgia Linemen Day to honor lineworkers for their efforts during Hurricane Helene, the most destructive storm in the company's history [1][2][3] - Senate Resolution 253 acknowledges the hazardous conditions faced by lineworkers, who worked up to 18-hour days to restore power after widespread outages caused by the hurricane [3] - The event precedes the annual Lineworker Appreciation Month in April, which recognizes the contributions of lineworkers across the country [3] Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.7 million customers in Georgia [5] - The company is committed to delivering clean, safe, reliable, and affordable energy, maintaining a diverse generation mix that includes nuclear, coal, natural gas, and renewables [5] - Georgia Power is recognized for its customer satisfaction, being an industry leader according to J.D. Power [5]

Core Insights - Mississippi Power has appointed Pedro Cherry as president, with Anthony Wilson remaining as chairman and CEO until summer [1] - Cherry brings 30 years of experience in the energy industry, including nearly 25 years with the Southern Company system [2] - Mississippi Power is celebrating its centennial year and is recognized for its commitment to safety and reliable service [3][6] Company Leadership - Pedro Cherry previously served as president and CEO of Atlanta Gas Light and Chattanooga Gas, which serve approximately 1.8 million customers [2] - He has held significant roles at Georgia Power, overseeing customer service and operations for 2.6 million customers [3][4] - Cherry is noted for his leadership qualities and alignment with the company's values, as stated by Anthony Wilson [4] Community Engagement - Cherry is an active community leader, serving on various boards and as the 2024 chairman of the Georgia Chamber [5] - His educational background includes a bachelor's degree in industrial engineering and an MBA in operations management and finance from Auburn University [5] Company Overview - Mississippi Power, a subsidiary of Southern Company, provides energy to over 192,000 customers in 23 counties in southeast Mississippi [6] - The company has received recognition for top safety performance and outstanding storm response [6]

Company Overview - Southern Cross Gold Consolidated Ltd. has recently been listed on the TSX Venture Exchange, marking a significant milestone for the company [1] - The company is focused on developing the Sunday Creek gold-antimony project located in Victoria, Australia [2] Project Highlights - The Sunday Creek project has shown exceptional drilling results, with 56 intersections exceeding 100 AuEq g/t x m from a total of 71.4 km of drilling [2] - Notable intercepts include 455.3 m at 7.2 g/t Au, which includes a remarkable 1.0 m at 2,318 g/t Au [2] - The project is situated in a Tier 1 mining jurisdiction and features antimony as a critical mineral [2] Operational Capacity - The company currently operates six diamond drill rigs on site and has plans to expand its drilling capacity [2] - The metallurgical testing indicates that the non-refractory ore is suitable for gravity-flotation processing [2] Financial Position - Southern Cross Gold Consolidated Ltd. has A$18 million in cash and owns 1,055 hectares of freehold land [2] - The company has established strong relationships with local stakeholders, enhancing its operational prospects [2] Growth Potential - The Sunday Creek project represents one of the few independently owned large-scale gold discoveries globally, indicating significant growth potential for the company [2]

Southern Company’s (SO) Alabama Power unit is set to revolutionize the state's energy landscape with the development of first-ever utility-scale Battery Energy Storage System (“BESS”). Located on the historic Plant Gorgas site in Walker County, this pioneering facility will significantly boost Alabama's grid reliability and provide an innovative solution for integrating clean energy into the state's power infrastructure.Transforming the Energy Grid With the Gorgas Battery FacilityThe Gorgas Battery Facility ...

150 MW facility to provide reserve power for AlabamiansBIRMINGHAM, Ala., March 3, 2025 /PRNewswire/ -- Alabama Power will develop the state's first utility-scale battery energy storage system (BESS) on the former Plant Gorgas site in Walker County, which reliably powered Alabama for more than a century. The new Gorgas Battery Facility will store up to 150 MW of electricity generated by other Alabama Power resources. 150 MW is equivalent to the capacity needed to power about 9,000 homes. Digital rendering ...

Core Insights - Lavras Gold Corp. has reported positive drilling results from the Butiá Gold Deposit, indicating significant gold mineralization across all 18 new drill holes tested, with a notable intersection of 1.8 g/t gold over 123 meters [1][3][5] - The company aims to define an economically feasible gold resource on the LDS Project, focusing on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target [2][5] Drilling Results - Drill hole 24BT034 intersected 123.0 meters grading 1.8 g/t gold, including 21.0 meters grading 4.1 g/t gold and higher-grade intervals of 8.5 g/t gold over 1 meter [3][11][17] - Drill hole 24BT036 confirmed continuous gold mineralization with long intervals in episyenite and mineralized perthitic granite, indicating good continuity of higher-grade gold [14][15][22] - The drilling program has successfully demonstrated the depth potential of mineralization at Butiá, with over 30,000 meters of drilling completed to date [7][20] Geological Insights - The drilling results have enhanced the understanding of the geological controls on mineralization, with a focus on northeast/southwest trending structures that influence the deposit's mineability [4][5][9] - The ongoing drilling program is designed to convert a significant portion of inferred geological resources into measured and indicated categories, thereby increasing the overall gold endowment [7][11] Future Plans - The company has engaged SGS Laboratory to conduct a comprehensive metallurgical test program for Butiá mineralization, which is currently underway [2][5] - An update on drilling results for the Fazenda do Posto target is anticipated as final assay results are received and geological interpretation is completed [6][7]