Southern CEO: Data Center Demand, Regulatory Changes Could Keep Coal-Fired Units Online [Yahoo! Finance]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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Source: Yahoo! Finance
A lessening of environmental regulations under the incoming Trump administration also means power generators are rethinking plans to retire their fossil fuel-burning facilities. Chris Womack, CEO of Southern Co., is the latest executive to acknowledge that coal-fired power could get a reprieve as utilities plan their future generation strategies. Womack, speaking at Edison Electric Institute's (EEI) Financial Conference in Hollywood, Florida, on Nov. 12, told Bloomberg that increasing demand for electricity means his company is looking at all of its options to provide the needed power. Womack told Bloomberg that increased power demand from data centers and other commercial and industrial properties will require utilities to have an "all of the above" plan when it comes to generation. Womack said that Southern as part of its strategy could extend the life of its four-unit, 3,450-MW Plant Bowen coal-fired facility in Georgia. [caption id="attachment_85786" align="alignnone" width="640"]
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SO
News
- The Southern Company (NYSE: SO) had its price target lowered by analysts at Morgan Stanley from $88.00 to $85.00. They now have an "equal weight" rating on the stock.MarketBeat
- Virgil Miller named to Georgia Power Board of DirectorsPR Newswire
- Southern Power announces further expansion of Millers Branch Solar Facility in TexasPR Newswire
- American Red Cross Receives $1 Million Donation from Atlanta Gas Light Foundation for Community Adaptation Program Supporting Disaster Resiliency and Preparedness in Chatham County, Georgia [Yahoo! Finance]Yahoo! Finance
- LSC Expands Leadership Team With CRO, COO as Ambitious Network Expansion Accelerates in Phoenix, Tulsa [Yahoo! Finance]Yahoo! Finance
SO
Earnings
- 10/31/24 - Beat
SO
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form SC
- 11/5/24 - Form 4
- SO's page on the SEC website