Rising Energy Demand Pushes Southern Co. to Keep Coal Assets Afloat [Yahoo! Finance]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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investor.southerncompany.com/information-for-investors/overview/default.aspx
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Source: Yahoo! Finance
The recent boom in artificial intelligence and cloud computing has led to a rapid expansion of data centers, creating a growing demand for energy and the utility company's reevaluation of their energy strategies. Per its 2022 Integrated Resource Plan, the company had planned to shut down its coal-powered plants by 2028 and exit coal power generation completely by 2035. However, with the growing demand and as part of its new strategy, the company will extend the life of the four units, 3,450 MW Plant Bowen coal-powered facilities in Georgia. Although the plant does not have any particular retirement age, the company had considered closing units one and two by the end of 2028. The CEO of the company said that their decision to extend the life of the coal-powered plant was also driven by relaxed emission norms under the Trump administration. He also noted that the units at Bowen may further get extended by a decade subject to approval by the regulators. However, the company said th
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News
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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