SO - The Southern Company Electric Utility Generates 3.7% Yield
2024-07-02 00:04:46 ET
Summary
- Southern Company is the largest US electricity producer with 9 million customers in 7 states, offering a mix of power generation assets including nuclear, wind, solar, and more.
- The company operates regulated electric and gas divisions, unregulated nuclear and power facilities, and other services like energy solutions and telecom.
- SO stock aims for Zero Carbon by 2050, with recent completion of nuclear power plants and plans to retire coal plants by 2028.
- The remarkable completion of nuclear power plants Unit #3 and #4 in Georgia gives it a clean energy advantage for 60-80 years and will also power earnings as well.
The Southern Company (SO) is an electric utility conglomerate that offers power generation assets of many and varied types including nuclear, wind, solar, natural gas, coal, hydro and battery storage facilities. It incorporated in 1945 breaking away from Commonwealth Southern to form in 1949 The Southern Company.
It is the largest US electricity producer and wholesale provider in the Southwest US, with 9 million customers over 7 states....
The Southern Company Electric Utility Generates 3.7% Yield