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Last updated on April 24, 2014 at 17:35 EDT

Latest Southern Company Stories

2014-02-20 16:22:13

TUCKER, Ga., Feb. 20, 2014 /PRNewswire/ -- Oglethorpe Power Corporation has finalized an agreement with the United States Department of Energy for a $3.057 billion loan guarantee. This amount is to be used for the corporation's share of two new nuclear units currently under construction at Plant Vogtle located in Waynesboro, GA. Oglethorpe Power's ownership is 30 percent, representing 660MW of capacity. The additional capacity from units 3 and 4 at Plant Vogtle will provide a low...

2014-02-20 16:21:38

Customers to receive $225 million to $250 million in benefits ATLANTA, Feb. 20, 2014 /PRNewswire/ -- Georgia Power announced today that it has completed the closing process for $3.46 billion in loan guarantees from the U.S. Department of Energy (DOE) toward the construction of Plant Vogtle units 3 and 4, near Waynesboro, Ga. By securing the federal loan guarantees, Georgia Power expects to be able to provide $225 million to $250 million in present-value benefits to its customers....

2014-02-20 16:21:35

U.S. Secretary of Energy, company leaders mark historic milestone in ceremony at nuclear expansion project site ATLANTA, Feb. 20, 2014 /PRNewswire/ -- U.S. Secretary of Energy Dr. Ernest Moniz today joined Southern Company leaders in a ceremony at the site of the Plant Vogtle units 3 and 4 nuclear expansion project in Georgia to announce that subsidiary Georgia Power has secured approximately $3.46 billion in loan guarantees from the U.S. Department of Energy (DOE) toward the...

2014-02-16 08:20:09

8,000 total personnel in the field repair nearly 700,000 outages in four days ATLANTA, Feb. 16, 2014 /PRNewswire/ -- Georgia Power has successfully completed restoring electric service to 99 percent of affected customers throughout the state following one of the most severe ice and snow storms to reach the state in the last decade. In the Metro Atlanta area, nearly all customers have had service restored and, in the storm-battered Augusta area, less than 900 customers remained...

2014-02-11 12:22:29

ATLANTA, Feb. 11, 2014 /PRNewswire/ -- Southern Company today announced the election of Linda P. Hudson to its board of directors. Hudson is the retired president and CEO of BAE Systems, Inc., a U.S.-based global defense, aerospace and security company, where she currently serves as an adviser and outside director. BAE Systems, Inc. is the wholly owned subsidiary of London-based BAE Systems plc. (Photo: http://photos.prnewswire.com/prnh/20140211/CL63056 ) (Logo:...

2014-02-11 12:22:00

BIRMINGHAM, Ala., Feb. 11, 2014 /PRNewswire/ -- The Alabama Power Board of Directors has elected Mark A. Crosswhite as the new president and CEO of the company, effective March 1. Crosswhite also will join the board of directors of Alabama Power. Crosswhite succeeds Charles McCrary, who is retiring after more than 12 years as the company's leader. McCrary will remain chairman of the board of directors of Alabama Power until May 1, when Crosswhite is expected to assume the role....

2014-02-11 12:21:56

ATLANTA, Feb. 11, 2014 /PRNewswire/ -- Southern Company Chairman, President and CEO Thomas A. Fanning today announced a number of changes within the company's executive management. (Logo: http://photos.prnewswire.com/prnh/20080801/SOCOLOGO ) Kimberly S. Greene, president and chief executive officer of Southern Company Services, will become executive vice president and chief operating officer of Southern Company. She will be responsible for the Southern Company system's operations,...

2014-02-03 12:22:59

BIRMINGHAM, Ala., Feb. 3, 2014 /PRNewswire/ -- This morning at 12:41 a.m. ET, operators at the Edwin I. Hatch Electric Generating Plant safely took Unit 1 offline for a planned refueling and maintenance outage. (Logo: http://photos.prnewswire.com/prnh/20080801/SOCOLOGO) The last refueling outage for Unit 1 was completed in spring 2012. Each unit at Plant Hatch requires new fuel every 24 months. In addition to refueling the reactor and performing regular maintenance and testing,...

2014-01-17 12:23:00

ATLANTA, Jan. 17, 2014 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 50.75 cents per share on the company's common stock, payable March 6, 2014, to shareholders of record Feb. 3, 2014. This marks 265 consecutive quarters - dating back to 1948 - that Southern Company will have paid a dividend to its shareholders. (Logo: http://photos.prnewswire.com/prnh/20080801/SOCOLOGO ) With 4.4 million customers and nearly 46,000 megawatts of generating...

2014-01-16 16:21:17

Six rate increases already imposed on S.C. consumers, project now eating up estimated 11 percent of utility bills http://www.foe.org/news/news-releases/2014-01-another-vogtle-debacle-cost-overruns-delays-and-construction-woes-at-reactor COLUMBIA, S.C., Jan. 16, 2014 /PRNewswire-USNewswire/ -- The $1 billion cost overrun, lengthening project delays and construction problems at Southern Company's troubled Vogtle nuclear reactor project may get all the national headlines, but South Carolina...