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Stock impact report

U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says [MSNBC.com]

Southern Company (The) (SO) 
Last southern company (the) earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: MSNBC.com
watch nowVIDEO3:3903:39Existing nuclear plants are the 'hottest thing in power right now', says Radiant's Mark NelsonLast CallThe United States needs to build a significant number of nuclear plants to supply surging energy demand while also meeting climate goals, the CEO ofSouthern Company"This country will need more nuclear plants going forward," Chris Womack said at the Reuters Global Transition conference in New York City."It's upwards of 10 large gigawatts of nuclear power that I think we have to have going forward," the CEO said.  The typical reactor in the U.S. produces about a gigawatt of electricity, according to theDepartment of Based on market capitalization, Southern Company is the second largest name in theUtilities Select Sector SPDR Fund (XLU)Last year, the Atlanta-headquartered utility completed the first nuclear plant in the U.S. in more than three decades, with the second of two new reactors having started commercial operations in April.Womack said Southern Company i Show less Read more
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