Group 1: Company Strategy and Operations - The Southern Company is reevaluating the extension of the coal-fired power plant's life in Georgia due to increasing energy demand driven by the growth of artificial intelligence and cloud computing [1] - The company had previously planned to shut down its coal-powered plants by 2028 and exit coal power generation completely by 2035, but will now extend the life of the 3,450 MW Plant Bowen coal-powered facilities [2] - The decision to extend the coal plant's life is influenced by relaxed emission norms and may allow for further extensions of the units by a decade, pending regulatory approval [3] Group 2: Environmental Goals - Despite the new strategy regarding coal plants, the Southern Company maintains its commitment to achieving net-zero emissions by 2050 [4] Group 3: Industry Trends and Competitors - Many data center companies are supporting natural gas alternatives for clean energy, with partnerships like Sharon AI and New Era Helium to power data centers [5] - The Southern Company serves approximately nine million customers through its electric and natural gas distribution units and currently holds a Zacks Rank 3 (Hold) [6] - Other utility companies with better rankings include Engie SA (Zacks Rank 2), Ameren Corporation (Zacks Rank 2), and DTE Energy Company (Zacks Rank 2), indicating potential investment opportunities [7][8][9]

ATLANTA, Nov. 18, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Marketing Officer Ed Elkins and Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the Stephens Annual Investment Conference. Details on joining to listen to the discussion follow below. What: Stephens Annual Investment ConferenceWhen: Wednesday, Nov. 20, 2024 at 11 a.m. CTWhere: Via WebcastThe presentation will be posted at norfolksouthern.c ...

Southern Silver Initiates Drilling and Baseline Data Collection and Related Studies at its Cerro Las Minitas Project in MexicoNovember 18, 2024 7:30 AM EST | Source: Southern Silver Exploration Corp.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) ("Southern Silver" or the "Company") reports that drilling has commenced on its 100% owned Cerro Las Minitas, Ag-Pb-Zn property, located in Durango, Mexico. Up to 6,000m ...

GADSDEN, Ala., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced a net income of approximately $176,000, or $0.23 per basic and diluted share, for the quarter ended September 30, 2024, as compared to a net income of approximately $367,000, or $0.48 per basic and diluted share, for the quarter ended September 30, 2023. Gates Little, President and ...

Norfolk Southern and activist Ancora struck a deal to avert a second proxy fight in as many years, the railroad announced Thursday morning.Norfolk's board will expand from 13 members to 14 members as part of the settlement, the railroad said. An unspecified candidate will join the railroad's board after a search process, the company said. Ancora had nominated four candidates to Norfolk's board in anticipation of an eventual proxy fight but withdrew those candidates as part of the cooperation agreement.Ancor ...

ATLANTA, Nov. 14, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) ("Norfolk Southern" or the "Company") today announced that it has entered into a cooperation agreement with Ancora Holdings Group, LLC (together with certain of its affiliates, "Ancora") after constructive engagement. Under the terms of the agreement, Norfolk Southern and Ancora will work together to identify an independent director to join the Company's Board of Directors (the "Board"). The addition of the new director, who is ...

Norfolk Southern’s (NSC) proactive cost-cutting initiatives are boosting operational efficiency. However, NSC is grappling with economic uncertainties and lackluster liquidity, adversely impacting the company’s operations.Factors Favoring NSCNorfolk Southern's strong commitment to safety bodes well for the company. While the FRA personal injury rate has increased, the company has made significant strides in reducing serious injuries and total accidents, with declines of 40% and 20%, respectively. This refle ...

65 MW Mossy Branch Battery Facility adds resiliency to Georgia's electric grid; Company leadership and elected officials tour site in Talbot County on ThursdayATLANTA, Nov. 8, 2024 /PRNewswire/ -- Georgia Power leaders joined elected officials from the Georgia Public Service Commission (PSC), Georgia legislature, and Talbot and Muscogee counties on Thursday to mark commercial operation of the company's first "grid-connected" battery energy storage system (BESS). The Mossy Branch Battery Facility is capable ...

Core Insights - Alan McIntyre has been appointed as the Vice President of Engineering and Operations at Southern Linc, where he will lead a team focused on providing reliable wireless voice and data services for Southern Company and government customers [1][2]. Leadership and Experience - McIntyre brings 30 years of experience in wireless telecommunications, having previously served as Engineering Director at Southern Linc, where he oversaw the LTE technology transformation and the construction of two geographically redundant core data centers and 1,300 LTE cell sites [3]. - His contributions include the installation of VoLTE and mission-critical push-to-talk (MCPTT) sub-systems, facilitating thousands of conversions of voice and data devices to LTE [3]. Industry Contributions - McIntyre has significant expertise in wireless spectrum management, having participated in FCC proceedings that provided Southern Linc with contiguous spectrum and enabled broadband operations [4]. - He was also involved in auction teams that successfully acquired licenses in multiple FCC-conducted spectrum auctions [4]. Educational Background - McIntyre holds a Bachelor's degree in Electrical Engineering and an MBA in Management Information Systems from Auburn University, where he has served on the board advising the Wireless Engineering Research and Education Center since 2017 [5]. Company Overview - Southern Linc is a subsidiary of Southern Company, providing secure LTE voice and data services to electric utilities and various businesses and public sector agencies across Alabama, Georgia, and southeastern Mississippi [6]. - The CriticalLinc™ network offers over-the-air encryption from devices to towers and supports encryption from towers to the network's core data centers [6].

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Although the sector has underperformed the S&P 500 ( SP500 ) by more than 90 points over the past ten years, the year-to-date performance is a stunning 29%, making it one of the best-performing sectorsAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CP ...