- Business
- The Southern Company (NYSE: SO), through its subsidiaries including Alabama Power, Georgia Power, Mississippi Power, and Southern Company Gas, generates, transmits, distributes, and sells electricity and natural gas to approximately 9 million customers across the southeastern United States; it offers wholesale power generation via Southern Power, distributed energy solutions including microgrids and battery storage, fiber optics and telecommunications services, as well as renewable sources such as solar, wind, and nuclear power. Headquartered in Atlanta, Georgia, and founded in 1945, the company operates primarily in Alabama, Georgia, Mississippi, and additional states for natural gas distribution through entities like Atlanta Gas Light, Nicor Gas, and Peoples Gas; it maintains over 27,000 miles of transmission lines, 3,700 substations, and a diverse generation fleet encompassing coal, natural gas, hydro, and clean energy assets. In recent developments, Southern Company reported third-quarter 2025 earnings per share of $1.60, surpassing estimates, reflecting strong operational performance; additionally, Southern Energy Renewables, associated with the company's ecosystem, announced a business combination with DevvStream on December 2, 2025, targeting carbon-negative sustainable aviation fuel and green methanol production, supported by a $402 million bond allocation and a $2.0 million PIPE investment.