Southern Company
Search documents
Georgia Power partners with Georgia Public Broadcasting and Georgia Historical Society to relaunch "Today In Georgia History" series
Prnewswire· 2025-08-28 14:53
Group 1: Educational Initiatives - Georgia Power has partnered with Georgia Historical Society and Georgia Public Broadcasting to relaunch the Emmy award-winning series "Today in Georgia History," which originally started in 2011 and consists of 365 episodes [1][3] - The series will be available across GPB's statewide network, reaching nine television stations and 21 radio stations, aligning with the new school year and the 250th anniversary of the United States [1][3] - An interactive website has been developed to serve as a comprehensive resource for educators, students, and families, offering various educational materials that align with the Georgia Standards of Excellence [3] Group 2: Commitment to Education - Georgia Power contributed over $10.6 million to education-related initiatives in 2024, supporting educational organizations across the state [4] - The Learning Power program, which is approaching its 15th anniversary, has served over 1.3 million students through hands-on, STEM-based energy lessons tailored for all grade levels [4] Group 3: Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.8 million customers in all but four of Georgia's 159 counties [5] - The company focuses on 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 as an industry leader in customer satisfaction by J.D. Power [5]
PowerSecure celebrates 25 years of innovation and resilient energy solutions
Prnewswire· 2025-08-27 15:00
Core Insights - PowerSecure is celebrating its 25th anniversary, highlighting its commitment to innovation in the energy sector and its focus on delivering resilient and reliable energy solutions [1][2] Company Overview - Founded in 2000, PowerSecure initially focused on distributed energy systems and microgrid deployments, acquiring Industrial Automation in 2001 to enhance its capabilities [2] - The company has developed, designed, installed, managed, and serviced over 3 gigawatts of microgrid capacity, serving various sectors including data centers, utilities, healthcare, and retail [3][5] - PowerSecure has deployed more than 2,500 microgrid systems with a reliability rating of 97.9%, emphasizing its role in providing resilient energy solutions [4] Financial and Operational Achievements - PowerSecure has implemented energy efficiency projects valued at over $1 billion, contributing to significant reductions in energy consumption and carbon footprint for its customers [4][5] - The company became a wholly owned subsidiary of Southern Company in 2016, further solidifying its position in the distributed energy innovation sector [3] Future Outlook - The leadership at PowerSecure expresses optimism about future opportunities, emphasizing a commitment to customer-focused innovation and sustainability [2][5]
Southern Company: From Nuclear Risk to AI Reward
MarketBeat· 2025-08-26 15:12
Core Viewpoint - The rapid expansion of artificial intelligence is driving an unprecedented demand for electricity in the U.S., presenting a significant investment opportunity for Southern Company, a major energy provider [1][2]. Company Strategy and Growth - Southern Company has transitioned from managing construction risks to executing a robust growth strategy, positioning itself as a key infrastructure provider for the digital age [2]. - The company has identified a "large load pipeline" of over 50 gigawatts of potential new demand, with one gigawatt capable of powering approximately 750,000 homes, indicating a monumental opportunity [4]. - In Q2 2025, electricity consumption from data center customers increased by 13% year-over-year, validating the company's expansion plans and indicating accelerating demand [5]. Regulatory and Financial Developments - Georgia Power's approval of the 2025 Integrated Resource Plan (IRP) allows Southern Company to secure approximately 10 gigawatts of new generation capacity, primarily through natural gas and battery storage [6]. - The completion of the Plant Vogtle nuclear project has stabilized the company's balance sheet, allowing for a shift towards new growth opportunities [7]. - The approved capital expenditures have increased the company's five-year base capital plan to $76 billion, which will enhance its rate base and lead to higher, more predictable earnings [8][9]. Shareholder Implications - The $76 billion capital plan is expected to drive future earnings-per-share (EPS) growth of 5% to 7%, providing a clear path to profitability [9][10]. - Southern Company maintains a dividend yield of 3.19% and a strong track record of 25 years of annual dividend increases, appealing to income-focused investors [11][12]. - The company's debt-to-equity ratio of 1.69 indicates a healthy balance between debt and equity, supporting its expansion while maintaining financial stability [11]. Market Position - With a forward P/E ratio of approximately 21.8, Southern Company trades at a premium compared to slower-growing peers, reflecting the market's pricing of its accelerated growth outlook [10]. - The stock exhibits lower volatility than the broader market, with a Beta of 0.38, adding a defensive quality to its growth profile [13]. - The investment narrative has shifted from risk management to capitalizing on growth opportunities, positioning Southern Company as a core holding for exposure to America's digital infrastructure build-out [14].
Southern Company Advances Hydro Fleet Modernization for the Future
ZACKS· 2025-08-25 11:46
Core Insights - Georgia Power, a subsidiary of The Southern Company, has been a key player in providing clean, emission-free energy in Georgia for over 100 years through its hydroelectric facilities [1] - The company operates 66 hydroelectric generating units with a total capacity exceeding 1,100 MW, contributing to carbon-free energy generation [1] - Modernization efforts are underway to enhance the reliability and longevity of hydro plants, with upgrades approved by the Georgia Public Service Commission as part of the 2025 Integrated Resource Plan [2][4] Modernization Efforts - Georgia Power is investing in refurbishing its hydro fleet, including projects at Tallulah, Yonah, Bartlett's Ferry, and North Highlands, aimed at extending facility life by another 40 years [2] - Recent upgrades at Plant Tugalo included new turbines, generators, and control systems, with similar work completed at Plant Terrora [3][9] - The modernization projects are designed to ensure compliance with federal licensing requirements and to support a sustainable energy future for Georgia [4][9] Future Outlook - The modernization of hydro plants is expected to provide reliable service and long-term value for customers while preserving century-old resources [4] - Georgia Power's initiatives align with the state's goal of maintaining a carbon-free energy future [4][9]
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]