You might also like
No business description found.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christopher C. Womack ExecutiveBoard | Chairman, President, and CEO | Director at Invesco Ltd.; Board Member at Georgia Ports Authority; National Board Member at The First Tee | Joined SO in 1988; became CEO on May 24, 2023, and Chairman on December 31, 2023; previously held leadership roles at Georgia Power and Southern Company. | |
Bryan D. Anderson Executive | Executive Vice President, External Affairs | None | Joined SO in 2020; oversees governmental affairs and external relations; previously served as Senior VP of SCS. | |
Daniel S. Tucker Executive | Executive Vice President and CFO | None | Joined SO in 2015; became CFO in September 2021; previously served as CFO of Georgia Power and Southern Company Gas. | |
J. Jeffrey Peoples Executive | Chairman, President, and CEO of Alabama Power | None | Currently leads Alabama Power; no additional details on start date or prior roles provided. | |
James Y. Kerr II Executive | Chairman, President, and CEO of Southern Company Gas | None | Currently leads Southern Company Gas; no additional details on start date or prior roles provided. | |
Martin B. Davis Executive | Executive Vice President and CIO | Board Member at Piedmont Healthcare and South State Corporation | Joined SO in 2015; leads technology and cybersecurity initiatives; previously held senior roles at Wells Fargo. | |
Stanley W. Connally Jr. Executive | Executive Vice President and COO | None | Joined SO in 2012; became COO on January 1, 2025; previously served as EVP for Operations and CEO of SCS. | |
Stephen E. Kuczynski Executive | Chairman and CEO of Southern Nuclear | Chair of NEI's Advanced Reactor Working Group; Member of Terrestrial Energy Advisory Board and others | Joined SO in 2011; retiring effective June 28, 2024; recognized for contributions to the nuclear industry. | |
James O. Etheredge Board | Independent Director | Board Member at Encora Digital LLC; Deputy Chair of Federal Reserve Bank of Atlanta; Trustee of Georgia Tech Foundation | Former CEO of Accenture North America; joining SO as an independent director effective April 1, 2025. |
- Given the uncertainty around coal retirement timelines and pending EPA regulations, how will you navigate these challenges to ensure compliance while minimizing financial impact on the company and shareholders?
- With significant customer demand for additional capacity, is Southern Power considering adding new fossil generation assets, and how do you balance this with environmental risks and regulatory hurdles?
- As Southern Power's long-term contracts approach expiration towards the end of the decade, how do you plan to address potential increases in capacity prices and secure extensions or new agreements to enhance returns while managing risk?
- Considering your experience with nuclear power, what is your position on investing in Small Modular Reactor (SMR) technology, and how are you evaluating the risks and scalability challenges associated with integrating SMRs into your future generation mix?
- With the unprecedented $1.1 billion in storm costs from Hurricane Helene and no prior storm cost reserve, what is your plan for cost recovery in Georgia, and how might this affect your financials and customer rates?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Chevron Products Company | Largest retail customer with a service agreement through 2038 | Mississippi Power | Lease receivable balance: $139 million as of December 31, 2024 |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Millers Branch Solar Project | 2023 | Southern Power acquired 100% membership interests in the project from EDF Renewables Development, Inc. located in Haskell County, Texas. The project is approximately 200 MW (with an option to expand by an additional 300 MW), has a 20‑year PPA with an expected COD in Q4 2025, and was part of a $193 million aggregate deal. |
South Cheyenne Solar Project | 2023 | Southern Power acquired 100% membership interests in the project from Hanwha Q Cells USA Corp. located in Laramie County, Wyoming. The 150 MW facility, under a 20‑year PPA and expected to come online in Q1 2024, was acquired as part of the combined $193 million deal, with ongoing construction activity. |
Recent press releases and 8-K filings for SO.
- $1.65 billion Series 2025A Convertible Senior Notes at a 3.25% coupon maturing on June 15, 2028 were issued, with an over-allotment option available to increase the total principal amount.
- The notes convert into common stock at an initial conversion rate of 8.8077 shares per $1,000 principal (approx. $113.54 per share), with provisions for rate adjustments and additional shares in Make-Whole Fundamental Change events.
- Interest is payable semiannually and conversion rights are subject to specific market conditions and corporate events, offering holders defined rights under fundamental change scenarios.
- Southern Company priced $1.45 billion aggregate Series 2025A Convertible Senior Notes, reflecting an upsize of $200 million over the previous offering, maturing on June 15, 2028 with a 3.25% annual interest rate.
- The notes feature an initial conversion rate of 8.8077 shares per $1,000 (approximately $113.54 per share)
- They include a conversion premium of about 25% over the last reported sale price, with net proceeds expected at approximately $1.44 billion (up to $1.63 billion if the additional option is exercised).
- Scheduled to close on May 23, 2025
- Proceeds will be used to repurchase approximately $1.25 billion of existing convertible notes and for general corporate purposes, including repayment of outstanding commercial paper borrowings.
- Southern Company announces a $1.25 billion convertible senior notes offering due June 15, 2028, with an option for an additional $200 million .
- The notes are offered via private placement to qualified institutional buyers .
- Final terms—including the conversion price, semiannual interest payments, and specific conversion periods—will be determined at pricing .
- Net proceeds are expected to be used partly to repurchase existing convertible notes, repay commercial paper borrowings, and for general corporate purposes .
- For further inquiries, contact Investor Relations: Greg MacLeod .
- 765 MW of new battery storage systems are under construction across Georgia in Bibb, Lowndes, Floyd, and Cherokee counties to enhance grid reliability and resiliency.
- Projects include Robins BESS (128 MW), Moody BESS (49.5 MW), Hammond BESS (57.5 MW), and McGrau Ford BESS (530 MW), with commercial operations expected in 2026.
- This initiative supports the integration of renewable energy resources and rapid dispatch capacity as part of a broader grid modernization effort.
- Southern Co delivered strong Q1 2025 earnings with a reported EPS of $1.21 and an adjusted EPS of $1.23 versus $1.03 in Q1 2024, and net income to common of $1.334 billion compared to $1.129 billion .
- Operating revenues surged by 17% to $7.8 billion from $6.6 billion in the prior year period .
- An 8‑cent dividend increase was approved, raising the annualized dividend to $2.96 per share and marking the 24th consecutive annual increase in a 78‑year track record .
- The company provided full‐year adjusted EPS guidance along with a Q2 estimate of $0.851 and detailed segment contributions from competitive power, utilities, and other areas .
- A robust Georgia pipeline outlook indicates a 52 GW potential by the mid‑2030s, with 4 GW contracted and 8 GW committed, underscoring long‑term state‑regulated utility investments .
- Ongoing financing activities include significant debt and equity issuances, with anticipated tariff‑related cost increases of 1% to 3% .
- Southern Company increased its annualized dividend by 8 cents to $2.96 per share, marking the 77th consecutive year of paying dividends that are equal to or greater than the previous quarter.
- The company also announced a regular quarterly dividend increased by 2 cents to 74 cents per share, with payment scheduled for June 6, 2025 and a record date of May 19, 2025.