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Southern Company's Georgia Power Prepares for a Storm-Heavy 2025
ZACKSยท 2025-06-09 13:06
Core Insights - Georgia Power, a subsidiary of the Southern Company, is enhancing its storm response capabilities in preparation for the 2025 Atlantic Hurricane Season, anticipating above-average storm activity as forecasted by NOAA [1] - The utility has invested in smart grid technologies and infrastructure upgrades to minimize outage impacts and expedite recovery [1] Storm Response Enhancements - Self-healing technology is now integrated into Georgia's power grid, allowing for rerouting power and isolating issues, which reduces the number of affected customers and accelerates power restoration [2] - This technology was crucial during Hurricane Helene in 2024, which was the most destructive hurricane in Georgia Power's history, significantly aiding in faster power restoration [2] Safety and Preparedness - Georgia Power is urging customers to take proactive safety measures, such as avoiding downed power lines and using generators correctly, emphasizing that preparation can save lives [3] - The company promotes digital tools for customers to stay informed during emergencies, including outage alerts and safety resources [9] Recognition and Achievements - Following Hurricane Helene, which left over a million Georgians without power, Georgia Power received the Edison Electric Institute's Emergency Recovery Award for its recovery efforts [4] - The company replaced over 11,000 power poles, repaired 1,000 miles of wire, and removed more than 3,000 damaged trees as part of the recovery process [4] Future Preparedness - As storm threats are anticipated in 2025, Georgia Power is committed to responding with resilience and innovation [5] Company Overview - The Southern Company operates in electricity generation, transmission, and distribution, serving approximately nine million customers through its seven electric and natural gas distribution units [6] - Currently, the Southern Company holds a Zacks Rank 3 (Hold) [6] Investment Opportunities - Investors in the utility sector may consider stocks like EDP, S.A. (EDPFY), Engie SA (ENGIY), and CenterPoint Energy, Inc. (CNP), with EDP and Engie holding Zacks Rank 1 (Strong Buy) and CenterPoint Energy at Zacks Rank 2 (Buy) [7]