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Georgia Power names Tyler Cook senior vice president, chief financial officer and treasurer
Prnewswire· 2025-07-22 20:17
Core Points - Georgia Power has appointed Tyler Cook as senior vice president, chief financial officer, and treasurer, effective July 31, 2025, succeeding Aaron Abramovitz who will move to Southern Company as senior vice president of finance and treasurer [2][3] - Tyler Cook brings nearly 25 years of experience within the Southern Company system and has played a significant role in shaping long-term financial strategies and driving enterprise-wide transformation [2][3] - The leadership transition reflects the depth of talent within the organization and emphasizes the company's commitment to serving customers and communities [2] Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.8 million customers across Georgia [4] - The company is dedicated to delivering clean, safe, reliable, and affordable energy, utilizing a diverse generation mix that includes nuclear, coal, natural gas, and renewables [4] - Georgia Power is recognized for its customer satisfaction, being an industry leader according to J.D. Power [4]
Southern Company announces Accounting, Finance, and Treasury leadership moves
Prnewswire· 2025-07-22 19:00
ATLANTA, July 22, 2025 /PRNewswire/ -- Southern Company today announced two key leadership moves in its Accounting, Finance, and Treasury organization. Matt Kim, senior vice president of finance and treasurer of Southern Company, has been named senior vice president, comptroller, and chief accounting officer, and Aaron Abramovitz, executive vice president, CFO, and treasurer of Georgia Power Company, will become senior vice president of finance and treasurer for Southern Company, both effective July 31. ...
DLP Resources Announces Commencement of 2025 Drilling on the Aurora Porphyry Copper-Molybdenum-Silver Project in Southern Peru
Newsfile· 2025-07-22 10:00
Core Viewpoint - DLP Resources Inc. has commenced drilling on the Aurora porphyry copper-molybdenum-silver project in southern Peru, marking a significant step in the exploration and potential economic evaluation of the project [1][9]. Group 1: Aurora Project Overview - The Aurora Project is an advanced stage porphyry copper-molybdenum exploration project located in the Province of Calca, southeastern Peru [9]. - A National Instrument 43-101 Technical Report was released on February 27, 2025, detailing the maiden Mineral Resources effective January 31, 2025, prepared by independent AMC Consultants Pty Ltd [2][11]. Group 2: Mineral Resource Highlights - The Aurora Project contains an Inferred Resource of over 1 billion tonnes, with 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver [5]. - The Inferred Resource is pit-constrained, with a total of 1,050 million tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, equating to 0.44% CuEq [4][5]. Group 3: Drilling Program and Economic Assessment - The 2025 drilling program will involve 6,000 to 7,000 meters across seven drill holes, focusing on both extension and infill drilling [7]. - A preliminary economic assessment (PEA) is scheduled to begin in August 2025, with an expected completion date in December 2025 [8][9]. Group 4: Historical Context - Historical drilling at the Aurora Project included thirteen holes drilled between 2001 and 2005, totaling 3,900 meters, which encountered significant copper and molybdenum mineralization [9][10]. - The current mineral resource is based on 24 diamond drill holes conducted by DLP, with a total drill meterage of 18,400 meters [11].
Southern Company names Hans Brown Executive Vice President & Chief Information Technology Officer
Prnewswire· 2025-07-21 20:30
Core Insights - Southern Company has appointed Hans Brown as Executive Vice President & Chief Information Technology Officer (CITO), effective July 31, 2025, to lead its technology strategy and digital transformation efforts [1][2]. Group 1: Leadership and Experience - Hans Brown brings a distinguished career in platform operating models, technology transformation, digital innovation, and strategic fintech investments, having held key leadership roles at BNY [3]. - At BNY, Brown was responsible for overseeing a team of over 1,200 professionals across 10 international locations and led significant global technology transformations [4]. Group 2: Strategic Vision - Southern Company's chairman, president & CEO Chris Womack emphasized that Brown's expertise in integrating emerging technologies with traditional business models aligns with the company's vision for the future [4]. - The company aims to leverage Brown's proven track record in technology and digital innovation to enhance customer service and operational efficiency [4]. Group 3: Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond, with a mission to provide clean, safe, reliable, and affordable energy [6]. - The company is committed to innovation, resilience, and sustainability, with a goal of achieving net-zero greenhouse gas emissions by 2050 [6].
Southern Company elects Regions Financial Corp. chairman, president & CEO John Turner to Board of Directors
Prnewswire· 2025-07-21 20:05
Core Insights - Southern Company has elected John M. Turner, Jr. as an independent director, effective September 1, 2025 [1] - Turner's extensive experience in the financial services industry and his customer-centric approach align with Southern Company's core values [2] Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond, with a mission to provide clean, safe, reliable, and affordable energy [6] - The company operates electric and natural gas distribution companies in multiple states and is committed to achieving net-zero greenhouse gas emissions by 2050 [6] Leadership Background - John M. Turner, Jr. is currently the chairman, president, and CEO of Regions Financial Corporation, which has $159 billion in assets [2] - Turner has over four decades of experience in the financial services sector, having held various leadership positions at Regions and Whitney National Bank [3][4] Community Engagement - Turner is actively involved in various boards and foundations, including the University of Georgia Foundation and the Economic Development Partnership of Alabama [5] - His leadership roles in community organizations reflect a commitment to fostering community engagement and economic development [5]
Southern Silver Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$13.0 Million
Newsfile· 2025-07-16 17:05
Core Viewpoint - Southern Silver Exploration Corp. has increased its previously announced "bought deal" private placement from approximately C$8 million to C$13 million due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 48,148,149 units priced at C$0.27 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant allows the holder to purchase one common share at a price of C$0.40 within 36 months after the closing date [2] - An over-allotment option allows Red Cloud to purchase an additional 7,407,408 units for gross proceeds of up to approximately C$2 million [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for advancing the Cerro Las Minitas project in Durango, Mexico, as well as for working capital and general corporate purposes [4] Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106 and will be available to purchasers in specific Canadian provinces and potentially in offshore jurisdictions [5] - The common shares and warrant shares are expected to be freely tradable under applicable Canadian securities legislation [5] Group 4: Company Overview - Southern Silver Exploration Corp. focuses on discovering world-class mineral deposits, particularly through its Cerro Las Minitas silver-lead-zinc project in Mexico [10] - The company also holds other properties, including the Nazas property and projects in New Mexico [10]
Southern Company's Power Plan Gets a Nod to Meet Surging AI Demand
ZACKS· 2025-07-16 13:06
Core Insights - The Southern Company's Georgia Power subsidiary received approval for its 2025 Integrated Resource Plan (IRP), which aims to address a projected increase in power demand of 8,500 MW and peak demand of 2,600 MW by 2030 due to industrial growth and AI-driven data centers in Georgia [1][9] Group 1: IRP Approval and Background - The approval of the 2025 IRP is a significant milestone in a collaborative regulatory process, building on previous actions such as the 2023 IRP Update and a plan to freeze Georgia Power's base rates through 2028 [2] - The IRP approval followed extensive deliberations and stakeholder input, focusing on investments in existing infrastructure, renewable energy procurement, and new transmission lines [3] Group 2: Capacity and Infrastructure Enhancements - A key component of the IRP is to extend the life of existing power plants, including nuclear upgrades at Vogtle Units 1 and 2, which will add 54 MW of emission-free energy, and natural gas additions at Plant McIntosh [4] - Hydropower plants like Tallulah and Bartlett's Ferry will undergo modernization to extend their operational lifespan by an additional 40 years [5] Group 3: Renewable Energy and Storage Initiatives - The IRP outlines plans to procure up to 4,000 MW of new renewable resources by 2035, starting with an initial 1,100 MW through competitive bidding, alongside a focus on Battery Energy Storage Systems with over 1,500 MW planned [6] Group 4: Grid Resilience and Customer Solutions - The plan includes a 10-year transmission build-out covering over 1,000 miles to enhance grid reliability and response to severe weather events, while also evaluating emerging grid-enhancing technologies [7] - Investments in customer-facing programs such as energy efficiency incentives and demand response tools aim to empower consumers to manage energy usage and costs [8]
Southern Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 Million
Newsfile· 2025-07-15 21:59
Group 1 - Southern Silver Exploration Corp. has entered into an agreement with Red Cloud Securities Inc. for a private placement to raise approximately C$8,000,000 by selling 29,629,630 units at C$0.27 per unit [1][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.40 within 36 months after the closing date [2] - The company plans to use the net proceeds from the offering for advancing the Cerro Las Minitas project in Durango, Mexico, as well as for working capital and general corporate purposes [4] Group 2 - An over-allotment option allows Red Cloud to purchase an additional 7,407,408 units for up to C$2,000,000 in gross proceeds [3] - The offering is expected to close on or about July 29, 2025, subject to regulatory approvals [7] - The offering will be available to purchasers in specific Canadian provinces and may also be sold in offshore jurisdictions and the United States under certain exemptions [5]
Georgia Public Service Commission approves plan to reliably, economically meet the energy needs of a growing Georgia
Prnewswire· 2025-07-15 15:27
Core Viewpoint - The Georgia Public Service Commission has approved Georgia Power's 2025 Integrated Resource Plan (IRP), which aims to meet the state's growing energy demands and ensure reliable and affordable energy for customers [1][2][3]. Group 1: Energy Demand and Growth Projections - Georgia Power anticipates approximately 8,500 megawatts (MW) of electrical load growth over the next six years, with a peak demand increase of about 2,600 MW by the end of 2030 compared to the 2023 IRP Update [3]. - The approved 2025 IRP includes ongoing processes with the Georgia PSC to monitor growth, including quarterly filings of Large Load Economic Development Reports [3]. Group 2: Investments in Energy Infrastructure - The 2025 IRP outlines necessary investments in Georgia Power's generation fleet and transmission system to ensure reliable energy delivery [4]. - The plan includes reserve margins to provide sufficient generation capacity during periods of high demand [4]. Group 3: Diverse Energy Mix and Renewable Energy - Georgia Power's generation mix has evolved to include cleaner energy sources, with plans to procure up to 4,000 MW of renewable resources by 2035, expanding its renewable portfolio to approximately 11,000 MW [8]. - The company will also focus on battery energy storage projects, aiming to add more than 1,500 MW in the coming years [9]. Group 4: Enhancements to the Power Grid - A 10-year transmission plan has been approved, which includes improvements across more than 1,000 miles of transmission lines to enhance system efficiency and resiliency [12]. - Investments in the integrated transmission system are crucial for maintaining reliable electric service and supporting the state's growing energy needs [11]. Group 5: Customer-Focused Programs - The approved 2025 IRP includes demand-side resources such as energy efficiency and demand response programs to enhance customer experience and sustainability goals [14]. - New initiatives will focus on providing tools for customers to manage energy usage and costs, including an online energy audit tool and enhanced support for low-income customers [17].
Belmont Resources Completes Over 2,000 Meters of Diamond Drilling at 100%-Owned Come By Chance Property in Southern British Columbia
Thenewswire· 2025-07-15 14:20
Core Viewpoint - Belmont Resources Inc. has successfully completed its 2025 diamond drilling campaign at the Come By Chance project, totaling over 2,000 meters, indicating potential for significant mineralization in the area [1][6]. Geological Features - The Come By Chance property shows geological characteristics of both a copper-gold porphyry system and a high-grade carbonate replacement deposit (CRD) within the Quesnel Terrane [3]. - 2022 drilling confirmed widespread porphyry-style alteration and mineralization, with up to 20% pyrite observed, suggesting a concealed porphyry core [5]. - High-grade surface samples were recorded, including values up to 17.05 g/t Au and 6.74% Cu [5]. Drilling Program - The 2025 drilling program was designed to follow up on promising results from 2022, with five key target areas selected based on geological and geophysical modeling [6]. - All drill holes were completed on schedule and within budget [7]. Next Steps - The geological team is currently logging and processing core samples, with assay results expected within approximately eight weeks [8]. Company Portfolio - Belmont has a diverse portfolio of projects, including copper, gold, lithium, uranium, and rare earth elements located in British Columbia, Saskatchewan, Washington, and Nevada [11]. - The Come By Chance project is highlighted as a compelling porphyry-CRD system, while other projects like Athelstan-Jackpot Gold and Crackingstone Uranium also show significant potential [13][15]. Exploration Focus - The Athelstan-Jackpot Gold project has identified a potential resource of 2,000 to 5,000 ounces of gold in surface and near-surface mineralized areas [14]. - The Crackingstone Uranium property has demonstrated historic high-grade uranium potential, with grab sample grades of up to 15.6% U₃O₈ [16]. Infrastructure and Strategic Importance - The Crackingstone property benefits from excellent infrastructure, including road access and power availability, enhancing its strategic importance for exploration [18].