- CEO
- None
- Sector
- Utilities
- Industry
- General Utilities
- Address
- DE United States of America
- IPO Date
- Sep 22, 2016
- Business
- The Southern Company JR SUB NT 76 (NYSE: SOJB) represents outstanding junior subordinated notes issued by The Southern Company, a leading U.S. energy holding company that generates, transmits, and distributes electricity and natural gas through its subsidiaries; operates fossil, hydro, nuclear, solar, wind, and biomass facilities; and provides wholesale energy marketing, telecommunications via Southern Linc, and distributed energy solutions. Core products and services encompass regulated retail electricity from subsidiaries including Alabama Power, Georgia Power, Mississippi Power, and Florida Power & Light (Gulf Power), serving approximately 9 million customers across six states in the Southeast U.S.; natural gas distribution via Southern Company Gas in four states; competitive wholesale power from Southern Power with over 40,000 megawatts of capacity; nuclear operations at Plant Vogtle, Farley, and Hatch through Southern Nuclear; and advanced energy infrastructure including transmission networks spanning 27,000 miles. Founded in 1945 and headquartered in Atlanta, Georgia, with key operations in Birmingham, Alabama, the company targets residential, commercial, industrial, and wholesale customers while pursuing net-zero emissions by 2050 through a diversified portfolio balancing traditional and renewable sources.
Recent developments include the completion of Vogtle Units 3 and 4, the first new U.S. nuclear reactors in over 30 years, which began commercial operations in 2023 and 2024 to deliver carbon-free power for over 500,000 homes; execution of contracts for 7 gigawatts of large-load demand, including data centers, through 2029 with a 50-gigawatt pipeline amid 8-12% annual sales growth; acquisition by Alabama Power of a 900-megawatt gas plant; ongoing construction of 2.5 gigawatts in gas turbines and battery storage; and issuance of new junior subordinated notes, such as Series 2025A and 2025B rated 'BBB' for general corporate purposes including commercial paper repayment. In 2025, Southern Power signed a memorandum of understanding with HDF Energy for green hydrogen projects and PowerSecure partnered with Edged Energy for sustainable AI data centers; the company also pioneered next-generation nuclear fuel installation at Vogtle for enhanced efficiency. These strategic expansions, partnerships, and financings support infrastructure growth, clean energy transitions, and response to rising demand from electrification and hyperscale loads across the Southeast and nationwide wholesale markets.