The Plant Vogtle 3 & 4 nuclear construction project currently under construction in Georgia is likely to come in about 100 percent over budget at a cost approximating $25 billion for the two unit station. How Will Clean Energy And EVs Fare Under The Next U.S. President? He headed utility equity research at a major brokerage house and…. In 2010 Southern's Mississippi Power subsidiary commenced construction of the Kemper Integrated Gas Combined Cycle power station. Southern's Georgia Power subsidiary is a monopoly. Bowers’ retirement is scheduled to coincide with Vogtle Unit 3 fuel load, which is expected in April 2021. Receive our cutting-edge 3-part investor education series for FREE. ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Southern Company today reported third-quarter 2020 earnings of $1.25 billion, or $1.18 per share, compared with $1.32 billion, or $1.26 per share, in the NextEra has agreed to pay Southern Company $5.1 billion in cash and to assume $1.4 billion of debt. And at the same time, regrettably (in a financial sense), it invested mightily in both clean coal and new nuclear. Keep up-to-date with all the Southern Nuclear news. These days, Southern Company's main focus is finishing the Vogtle 3 and 4 … © 2020 Southern Company. But this deal is accretive to earnings per share by perhaps 20 cents (2-3%)—which in an industry with no sales growth is a big deal. That the cost is wildly uncompetitive in today’s power markets is fortunately for SO not at issue. The Kemper plant was to be the first of its kind to employ IGCC technology for coal gasification and carbon capture. View the latest Southern Co. (SO) stock price, news, historical charts, analyst ratings and financial information from WSJ. Womack will serve as president of Georgia Power effective November 1, 2020 and assume his additional responsibilities as chairman and CEO upon Bowers’ retirement. NextEra has agreed to pay Southern Company $5.1 billion in cash and to assume $1.4 billion of debt. News Releases. Use constitutes acceptance of General Website Terms and Conditions | Revised Privacy Statement | Contact Us. But regulators even in traditionally supportive Georgia have indicated that excessive nuclear construction costs will not be borne solely by utility customers. Find the latest news headlines from Southern Company (The) Common Stock (SO) at Nasdaq.com. Plant Vogtle 3 and 4 Plant Vogtle units 3 and 4 will be the first in the industry to use the Westinghouse AP1000 advanced pressurized water reactor technology. (Large Chinese power companies might quibble about this claim.) Learn how to navigate energy markets. Thousands of Southern Company and off-system resources, including line crews, vegetation management crews and support personnel, continued to make significant progress Friday in restoring power safely and as quickly as possible to the nearly 1.5 million electric customers whose service was disrupted by Hurricane Zeta. Real time Southern Company (SO) stock price quote, stock graph, news & analysis. OPEC Chief Sees Still Anemic Oil Demand Recovery, Brazil Becomes One Of China’s Top Oil Suppliers, UK Armed Forces Storm Oil Tanker After Suspected Hijacking, Cenovus Buys Husky To Create New Canadian Oil Giant, More Libyan Oil Set To Return To Market As Factions Sign Ceasefire, Argentina To Subsidize Shale Gas Production With $5.1 Billion, France Delays U.S. LNG Deal On Environmental Concerns, Oil Blockades Cost Libya $130 Billion, Finance Minister Says, Nigerian Protests Haven’t Disrupted Oil Industry Yet, Iranian Tankers Hide In Iraqi Waters To Ship Oil Abroad, OPEC+ Production Cuts Could Be Extended: Putin, Canada’s Oil Prices To Rise As Mexican Heavy Crude Supply Falls, Iraq’s Kurdistan Region Says It Is Committed To OPEC+ Cuts, Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO, America Could Go Fully Electric Right Now. Kurdistan Halts All Oil Exports After Attack, Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. Please, Western Europe’s Biggest Oilfield Set To Increase Production, Exxon Flags Possible $30B Writedown After Third Straight Loss, Traders Look To Store Diesel At Sea As Second Wave Hits Demand, New Mexico Oil Auction Rakes In $3 Million, NASA's New Discovery Could Spark A Moon Mining Frenzy, Tesla’s German Gigafactory Could Be Ready To Deliver Ahead Of Schedule, Exxon Fails To Raise Dividend For The First Time In 38 Years, Shell Surprises With Strong Profit, Dividend Hike, Weak Oil Demand Set To Keep Crude Tanker Rates Low, Russia’s Crude Oil Exports Drop 8% In January-August, China Launches Construction Of Huge $20 Billion Refinery Complex, Washington Greenlights Conoco Oil Project In Alaska, Tesla Launches UK Energy Plan With Low Power Rates, Why U.S. Southern Company is an American gas and electric utility holding company based in the southern United States.It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama.The company is currently the second largest utility company in the U.S. in terms of customer base. © 2020 Southern Company. Southern Company today reported third-quarter 2020 earnings of $1.25 billion, or $1.18 per share, compared with $1.32 billion, or $1.26 per share, in the third quarter of 2019. Related: Oil Majors Double Down On Refining. A look at what the future seems to hold for Southern Company and its dividend. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Southern Nuclear News Center. P@A will cost Texas Taxpayers $117 Billion. That price equates to a high 13x earnings before interest, taxes, depreciation and amortization. Why Libya’s Surge In Oil Exports Won’t Last, Tesla Is On Track To Deliver 1 Million EVs In 2021, The Car Giants That Knew About Climate Change 50 Years Ago. SNC innovative recommendation wins EPRI award, produces results for entire industry, The nuclear containment – iconic and functional, Annual emergency information calendars now available for plant neighbors, NAYGN Southeast Regional conference provides global industry insight, 'knowledge to help young leaders grow', SNC, Southern Company enterprise show strong presence at Women in Energy conference in Atlanta, Back to the future: Retired employee reflects on ‘big picture’ benefits of Vogtle project, Plant Farley celebrates 40 years of safe, reliable, affordable nuclear energy, Georgia Power will move forward with Vogtle 3 & 4 project, SNC wins 2017 Most Active Participation Award at ETAP NUUG conference, James Oxendine’s Native American heritage influences every aspect of his life, Ashleigh Roland Wesley: ‘Similar to a tribal environment, our family is very close and looks after each other’, Plant Vogtle Unit 2 sets Southern Nuclear fleet record on refueling outage performance, Nestor Ramirez-Latorres: ‘Knowing your history is knowing who you are’, SNC fleet generates fun and education during Nuclear Science Week, SNC leads industry in piloting cost-effective, risk-informed methodology, Every atom counts when designing a reactor core, Southern Nuclear hosts top-rated industrial safety conference, At Southern Nuclear, we expect the unexpected and prepare for it, Southern Company subsidiary Georgia Power files recommendation to complete construction of Vogtle nuclear expansion, Steam generator successfully placed into Vogtle Unit 3 containment, Southern Nuclear recognized for top safety performance among regional peers, Southern Nuclear provides significant charitable contributions in its local communities, Plant Vogtle continues partnership with Augusta Tech, Introducing Southern Nuclear’s Core Group, MAGIC Camp gives girls opportunity to explore skills, Advanced fuel assemblies to be loaded in Vogtle Unit 2 in 2019, Enhanced emergency plan aligns our fleet for more flexible, strategic response, Recognizing the great minds behind Southern Nuclear’s innovative solutions, Plant Hatch sets the standard for extreme rescue, Ensuring reliable electrical energy during hot summer days, Commitment to environment helps wildlife thrive, Plant Vogtle marks 30 years of reliable energy and community impact, Meet Amy Chamberlain: Employee inspired by one of her teachers and a man who walked on the moon, Son of Plant Farley employees receives Southern Company Merit Scholarship, NET program provides its best and brightest to SNC, Brian Green: ‘I’ve always had a deep longing to give back’, Plant Farley outage performance rising to the next level, Burke County Middle School robotics team gives girls the opportunity to use STEM skills, Medlock joins X-energy in next phase of Xe-100 reactor design, Fili: ‘Everyone has obstacles to overcome’.
Most Expensive House In Perth,
Eric B Is President Lyrics,
Bryson Dechambeau Kids,
Brother Hubbard Menu,
Importance Of Public Debt,
Newsarticle Schema,
Hubert Selby Jr Quotes,
Which Of The Following Transactions Are Counted In Gdp?,
Aquaculture Quotes,
Lee Trevino Groove Your Golf Swing My Way,
Pronounce Nunavut,
Mxr Phase 95 Dimensions,
Uchi And Uchiko,
Goonies Never Die Lyrics,
Corgi Puppy,
Irig Midi Guitar,
Looking For Love Lyrics Birdtalker,
Add Placeholder Text Using Css,
Azerbaijan To Russian Translation,
Nelson Franklin Net Worth,
Yukmouth Net Worth,
Action Bronson Vinyl,
Alphabet Song Lyrics,
Mobirise Github,
Asana Vs Trello Vs Monday Vs Jira,