- Business
- The Southern Company The Southern Company (NYSE: SO), through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity and natural gas across the southeastern United States. The company operates through traditional electric utilities including Alabama Power, Georgia Power, and Mississippi Power, which serve approximately 9 million customers with a diverse energy mix encompassing carbon-free nuclear power from facilities such as Plant Vogtle Units 3 and 4, natural gas, coal, hydro, solar, wind, and battery storage; Southern Power, a competitive wholesale generator developing and managing renewable energy projects nationwide; Southern Company Gas, distributing natural gas in Illinois, Georgia, Virginia, and Tennessee via subsidiaries like Atlanta Gas Light, Chattanooga Gas, and Nicor Gas, alongside gas marketing services; and additional offerings in distributed energy solutions, microgrids, fiber optics, and digital wireless communications through entities like PowerSecure, Southern Telecom, and Southern Linc. Headquartered in Atlanta, Georgia, and founded in 1946, the company maintains over 27,000 miles of transmission lines, 78,500 miles of natural gas pipelines, and 14 storage facilities, targeting residential, commercial, industrial, and wholesale customers while pursuing net zero emissions by 2050. Recent developments include an expansion of its five-year capital plan to $76 billion in September 2025 with approval for five large-scale solar facilities adding 1,068 MW in Georgia; a $1.75 billion equity units offering in November 2025 to repurchase convertible debt and bolster the balance sheet; formation of SouthernWaves joint venture between Southern Telecom and Seimitsu in September 2025 for a major fiber deal in Atlanta; construction starts on 765 MW of new battery storage systems and a natural gas turbine at Plant Yates; renewable natural gas agreements for Virginia and Tennessee gas subsidiaries; and a 24th consecutive annual dividend increase to $2.96 per share in April 2025.