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Enduro Metals and Southern Empire Finalize Earn-In to the Pedro Gold Project, Mexico
Newsfile· 2025-10-01 11:30
Core Points - Enduro Metals Corporation and Southern Empire Resources Corp. have finalized the acquisition of the Pedro Gold Project in Mexico, covering 1,750 hectares [1][2] - Southern Empire will acquire a 100% interest in the Pedro mineral tenements by issuing 2,000,000 common shares to Enduro and committing to a future milestone payment of $2,000,000 upon commercial production [2] - Enduro retains a 2% net smelter return royalty interest with no buy-down provision [2] Project Details - The Pedro Gold Project is located 80 km from Torreon, Mexico, and features a gold exploration target outlined by a geochemical anomaly [4] - Historical sampling returned gold values up to 2.3 ppm, with significant intervals identified during Southern Empire's 2022 drilling [4] - The project is considered a non-core asset for Enduro, which is focusing on its Newmont Lake Project in British Columbia [3] Company Information - Enduro Metals is primarily focused on the Newmont Lake Project, which spans 688 km² and includes multiple deposit environments of interest [9] - The company has a broader portfolio of mineral projects across Canada, including the advanced Burn porphyry copper and gold project [9] - The restructuring of the earn-in agreement allows for renewed activity at the Pedro Gold Project after years of inactivity due to regulatory and market conditions [3]
Georgia Power highlights first contracts under new rules & regulations, continued economic growth and updated forecasts in latest filings with Georgia PSC
Prnewswire· 2025-09-30 14:01
Core Insights - Georgia Power has filed nearly 2 gigawatts of new customer contracts with the Georgia Public Service Commission (PSC), marking a significant development in the state's energy sector [1] - The new contracts are primarily driven by projected data center growth and large-load customers, highlighting the need for additional generation resources to meet future demand [2] - The company is actively negotiating with multiple large-load customers, which could represent several additional gigawatts of demand, while adhering to stricter criteria for inclusion in the long-term development pipeline [3] Customer Demand and Forecast - Georgia Power's risk-adjusted forecast anticipates an increase in customer demand, projecting 8,448 megawatts (MW) of growth between the winters of 2025/2026 and 2030/2031 [4] - The company aims to certify approximately 9,900 MW of new capacity resources through the All-Source Request for Proposals (RFP) to ensure energy infrastructure keeps pace with economic development [4] Regulatory Changes and Customer Protection - The Georgia PSC approved new rules that allow Georgia Power to serve large-load customers through customized contracts, ensuring residential and small business customers are protected from additional costs [5] - These contracts include terms such as upfront infrastructure payments and long-term commitments, which help spread fixed costs across a broader customer base [3][5]
Southern Company third-quarter earnings to be released October 30
Prnewswire· 2025-09-30 14:00
Core Points - Southern Company is set to release its third-quarter earnings for 2025 on October 30, 2025, at 7:30 a.m. ET, followed by a conference call at 1 p.m. ET [1][2] - The company serves 9 million customers across the Southeast and is committed to achieving net-zero greenhouse gas emissions by 2050 [3] Earnings Release - The earnings release will be available for public access through a live webcast, with a replay accessible for 12 months [2] - The second-quarter earnings for 2025 were reported at $0.9 billion, or $0.80 per share, down from $1.2 billion, or $1.10 per share in the previous year [4] Company Overview - Southern Company operates electric and natural gas distribution companies across multiple states and is involved in competitive generation and distributed energy solutions [3] - The company emphasizes innovation, resilience, and sustainability in its operations, aiming to meet customer and community needs [3]
FLOWERS FOODS ELECTS STERLING A. SPAINHOUR TO BOARD OF DIRECTORS
Prnewswire· 2025-09-29 13:00
Core Points - Flowers Foods, Inc. has elected Sterling A. Spainhour to its board of directors, effective October 1, 2025, where he will serve on the audit and finance committees [1][2][3] Company Overview - Flowers Foods, Inc. is one of the largest producers of packaged bakery foods in the United States, with net sales of $5.1 billion in 2024 [4] - The company operates bakeries nationwide, producing a variety of bakery products under brands such as Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake [4] Board Member Profile - Sterling A. Spainhour brings over 30 years of experience, including roles at Southern Company, Jones Day, and CNN, with expertise in M&A, legal matters, and corporate governance [3] - Spainhour holds degrees in political science, business administration, and law from the University of North Carolina – Chapel Hill and Duke University [3] - He is also a board member of several organizations, including Gray Media and Emory Healthcare Network [3] Strategic Implications - The addition of Spainhour is expected to enhance the board's composition and support the company's strategic priorities aimed at increasing shareholder value [3]
Anniversary of Hurricane Helene reinforces importance of severe weather preparedness for Georgia Power and customers
Prnewswire· 2025-09-26 15:00
Core Insights - Georgia Power experienced its most destructive storm in history with Hurricane Helene, which caused unprecedented damage across the state, leading to 53 counties being declared major disaster sites by FEMA [1][3] - The company mobilized its largest restoration operation ever, involving over 20,000 personnel and significant resources to restore power to affected customers [3][5] Preparation and Response - Georgia Power monitored weather conditions 24/7 and anticipated severe damage from Hurricane Helene more than a week in advance, taking proactive measures to prepare for the storm [2] - The restoration efforts included repairing or replacing over 11,800 power poles, 1,500 miles of power lines, and 5,800 transformers, with some areas requiring complete rebuilding of the power grid [3] Restoration Achievements - Despite the extensive damage, 95% of impacted customers had their power restored within 8 days, with over 523,000 customers restored within the first 48 hours [4] - The company received the Edison Electric Institute Emergency Recovery Award for its exceptional efforts in restoring service swiftly after Hurricane Helene [5][7] Customer Engagement and Resources - Georgia Power offers various tools and resources for customers to stay informed during severe weather, including an Outage Alert service, an interactive Outage Map, and a mobile app [6] - The company emphasizes the importance of customer preparedness and awareness during the ongoing 2025 Atlantic hurricane season [4] Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.8 million customers and maintaining a diverse energy generation mix [8] - The company is recognized for its commitment to delivering reliable and affordable energy, with rates below the national average and high customer satisfaction ratings [8]
Southern Company (NYSE:SO) Overview and Financial Performance
Financial Modeling Prep· 2025-09-25 22:03
Core Insights - Southern Company is a major energy provider in the U.S., operating through various subsidiaries, including Southern Telecom, and competes with Duke Energy and NextEra Energy in the utility sector [1] Financial Summary - On September 25, 2025, Morgan Stanley's David Arcaro set a price target of $92 for Southern Company, indicating a slight overvaluation as the stock was trading at $93.80, reflecting a -1.91% difference [2] - The current stock price is $93.77, showing a decrease of approximately 0.68% from the previous day [2] - The stock has declined by $0.65 today, with a trading range between $93.63 and $95.06 [4] - Over the past year, the stock has fluctuated between a high of $96.44 and a low of $80.46 [4] - The company's market capitalization is approximately $103.15 billion, with a trading volume of 2,891,135 shares today [4][5] Strategic Developments - Southern Telecom, a subsidiary of Southern Company, has partnered with Seimitsu to launch SouthernWaves, a new fiber-optic network service aimed at enhancing digital infrastructure in the Southeastern U.S. [3][5] - This partnership combines Southern Company's dark fiber offerings with Seimitsu's lit services, supporting initiatives like the South Downtown Atlanta project [3]
Centrus Details Plans to Add At Least 300 New Jobs in Southern Ohio With Multi-Billion-Dollar Investment
Prnewswire· 2025-09-25 08:00
Core Viewpoint - Centrus Energy is planning a significant expansion of its uranium enrichment plant in Piketon, Ohio, in collaboration with state and federal officials [1] Group 1: Company Expansion - The expansion of Centrus Energy's uranium enrichment plant is being announced in partnership with Ohio Governor Mike DeWine, U.S. Senator Jon Husted, and U.S. Congressman Dave Taylor [1] - The initiative is supported by JobsOhio, Ohio Southeast Economic Development (OhioSE), and Pike County Economic Development [1]
Southern's Unit Teams With Seimitsu to Build Fiber Network
ZACKS· 2025-09-24 13:36
Core Insights - Southern Company's subsidiary, Southern Telecom, has partnered with Seimitsu to form SouthernWaves, aimed at delivering next-generation fiber-optic network services across the Southeastern United States [1][9] - This strategic alliance combines Southern Telecom's secure dark fiber infrastructure with Seimitsu's advanced network management capabilities, enhancing service offerings [2][4] Infrastructure Development - SouthernWaves introduces scalable, secure, and high-performance connectivity, crucial for the digital economy, supported by a state-of-the-art Network Operations Center in Savannah [3][14] - The partnership shifts from dark fiber solutions to lit services, allowing businesses to avoid investing in their own network equipment, thus simplifying operations and reducing capital expenditure [4][5] Project Engagement - SouthernWaves has engaged with Georgia Power to support the South Downtown Atlanta project, which aims to revitalize 56 buildings and create over one million square feet of commercial space [6][10] - The high-capacity fiber infrastructure will facilitate the integration of smart building technologies and advanced data services, positioning South Downtown as a technology hub [7][11] Regional Expansion - SouthernWaves aims to elevate digital readiness across the Southeast, providing connectivity solutions to businesses in Georgia, South Carolina, Alabama, and beyond [12][13] - The initiative addresses regional broadband gaps, ensuring both urban centers and underserved rural areas benefit from enhanced connectivity [13] Security and Reliability - SouthernWaves emphasizes security and reliability, with robust fiber routes and continuous monitoring to protect mission-critical data [14][15] - This infrastructure ensures high uptime and quick threat response, essential for industries where downtime is costly [15] Future Readiness - The collaboration positions Atlanta for the upcoming FIFA World Cup, showcasing the city's readiness for international attention and demand [16][17] - SouthernWaves is not just about internet connectivity; it aims to empower communities and businesses in a technology-dependent world [18]
Georgia Power announces 2025 Energy Storage System Request for Proposals
Prnewswire· 2025-09-23 20:00
Core Points - Georgia Power has initiated the open comment period for its 2025 Request for Proposals (RFP) for Energy Storage System (ESS) resources [1] Company Summary - The open comment period allows stakeholders to provide input on the RFP, which is aimed at enhancing energy storage capabilities [1] Industry Summary - The move reflects a growing emphasis on energy storage solutions within the energy sector, aligning with broader trends towards sustainability and renewable energy integration [1]
Southern Telecom and Seimitsu form SouthernWaves, secure deal with South Downtown Atlanta project
Prnewswire· 2025-09-23 14:00
Core Insights - Southern Telecom and Seimitsu have formed a strategic alliance named SouthernWaves to provide fiber-optic network services in the Southeast region [1] Company Overview - Southern Telecom is a subsidiary of Southern Company, indicating a strong backing from a major player in the energy sector [1] - Seimitsu is recognized as a leader in broadband networking solutions, highlighting its expertise and market position [1] Industry Impact - The alliance aims to enhance broadband connectivity in the Southeast, which may lead to improved internet services for consumers and businesses in the region [1]