|
The Southern Company (NYSE: SO) |
|
Price: $88.1100
$-0.66 
-0.743%
|
| Day's High:
| $88.94000244140625
| Week Perf:
| 0.13 %
|
| Day's Low: |
$ 87.65 |
30 Day Perf: |
-5.16 % |
| Volume (M): |
7,180,437 |
52 Wk High: |
$ 100.84 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$92.74 |
| Open: |
$88.32 |
52 Wk Low: |
$83.80 |
|
|
| Market Capitalization (Millions $) |
99,388 |
| Shares
Outstanding (Millions) |
1,128 |
| Employees |
29,800 |
| Revenues (TTM) (Millions $) |
30,174 |
| Net Income (TTM) (Millions $) |
4,239 |
| Cash Flow (TTM) (Millions $) |
-1,345 |
| Capital Exp. (TTM) (Millions $) |
13,244 |
Business Description
Nature of Southern Company Business
Southern Company, incorporated in Delaware on November 9, 1945, operates as a major energy provider in the southeastern United States. It is domesticated under the laws of Georgia and qualified to conduct business as a foreign corporation in Alabama. Southern Company wholly owns several public utility subsidiaries, namely Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Savannah Electric. These retail operating companies provide electric service across Alabama, Georgia, Florida, Mississippi, and Georgia, respectively.
Retail Operating Companies
1. Alabama Power: Established in Alabama on November 10, 1927, through a merger of earlier power companies, Alabama Power has had a continuous history since its predecessors founding in 1906.
2. Georgia Power: Founded in Georgia on June 26, 1930, Georgia Power became operational in Alabama in 1948.
3. Gulf Power: Initially organized in Maine in 1925, Gulf Power started operations in Florida in 1926 and later extended to Mississippi and Georgia.
4. Mississippi Power: Incorporating on July 12, 1972, Mississippi Power merged with an earlier power company, which itself had roots tracing back to 1924.
5. Savannah Electric: Founded in Georgia, Savannah Electrics charter was granted on August 5, 1921.
Infrastructure and Operations
The transmission facilities of these retail operating companies are interconnected through high-voltage lines, enabling capacity exchanges and enhancing reliability. They also maintain operating contracts with other utilities, supporting both reliability and efficiency in power supply. These companies are members of the Southeastern Electric Reliability Council (SERC), further contributing to the stability of the electrical grid.
Southern Power
Southern Power is a subsidiary focused on wholesale generation, constructing and managing electricity generation facilities. It sells power under long-term contracts, including Power Purchase Agreements (PPAs), to both independent wholesale purchasers and its retail operating companies. Southern Power operates under Federal Energy Regulatory Commission (FERC) regulations, differing from traditional state utility regulations.
Market Challenges
Increased competition and restructuring in the electric utility sector pose challenges to Southern Company and its subsidiaries. The potential for retail competition, asset impairment, loss of customers, reduced profit margins, and difficulties in recovering costs could significantly impact their financial performance. The company must navigate evolving legislation and regulatory changes, which can alter the competitive landscape and influence its operations and profitability. The industrys wholesale level competition has also intensified due to federal policy changes.
As Southern Company continues to adapt to these dynamics, it remains focused on reliability and efficiency in providing energy to its customers across several states.
Company Address: 30 Ivan Allen Jr. Boulevard, N.W. Zagreb 30308 City of Zagreb
Company Phone Number: 506-5000 Stock Exchange / Ticker: NYSE SO
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|
| |
| Residential |
|
 12.24 % |
of total Revenue |
| Commercial |
|
3.01 % |
of total Revenue |
| Industrial |
|
0.29 % |
of total Revenue |
| Other |
|
0.04 % |
of total Revenue |
| Retail electric revenues |
|
55.25 % |
of total Revenue |
| Natural gas distribution revenues |
|
22.51 % |
of total Revenue |
| Transportation |
|
5.24 % |
of total Revenue |
| Wholesale electric revenues |
|
8.74 % |
of total Revenue |
| PPA energy revenues |
|
5.91 % |
of total Revenue |
| PPA capacity revenues |
|
1.77 % |
of total Revenue |
| Non-PPA revenues |
|
1.06 % |
of total Revenue |
| Other natural gas revenues |
|
3.38 % |
of total Revenue |
| Gas marketing services |
|
3.35 % |
of total Revenue |
| Other revenues |
|
5.87 % |
of total Revenue |
| Other revenue sources |
|
4.25 % |
of total Revenue |
| ALABAMA POWER CO |
|
24.91 % |
of total Revenue |
| ALABAMA POWER CO Residential |
|
9.21 % |
of total Revenue |
| ALABAMA POWER CO Commercial |
|
5.68 % |
of total Revenue |
| ALABAMA POWER CO Industrial |
|
4.93 % |
of total Revenue |
| ALABAMA POWER CO Other |
|
0.04 % |
of total Revenue |
| ALABAMA POWER CO Retail electric revenues |
|
19.85 % |
of total Revenue |
| ALABAMA POWER CO Wholesale electric revenues |
|
2.18 % |
of total Revenue |
| ALABAMA POWER CO PPA energy revenues |
|
0.55 % |
of total Revenue |
| ALABAMA POWER CO PPA capacity revenues |
|
0.21 % |
of total Revenue |
| ALABAMA POWER CO Non-PPA revenues |
|
1.42 % |
of total Revenue |
| ALABAMA POWER CO Other revenues |
|
0.93 % |
of total Revenue |
| ALABAMA POWER CO Other revenue sources |
|
1.95 % |
of total Revenue |
| GEORGIA POWER CO |
|
37.42 % |
of total Revenue |
| GEORGIA POWER CO Residential |
|
13.7 % |
of total Revenue |
| GEORGIA POWER CO Commercial |
|
13.15 % |
of total Revenue |
| GEORGIA POWER CO Industrial |
|
5.22 % |
of total Revenue |
| GEORGIA POWER CO Other |
|
0.3 % |
of total Revenue |
| GEORGIA POWER CO Retail electric revenues |
|
32.36 % |
of total Revenue |
| GEORGIA POWER CO Wholesale electric revenues |
|
1.81 % |
of total Revenue |
| GEORGIA POWER CO PPA energy revenues |
|
0.76 % |
of total Revenue |
| GEORGIA POWER CO PPA capacity revenues |
|
0.52 % |
of total Revenue |
| GEORGIA POWER CO Non-PPA revenues |
|
0.52 % |
of total Revenue |
| GEORGIA POWER CO Other revenues |
|
2.81 % |
of total Revenue |
| GEORGIA POWER CO Other revenue sources |
|
0.44 % |
of total Revenue |
| MISSISSIPPI POWER CO |
|
5.62 % |
of total Revenue |
| MISSISSIPPI POWER CO Residential |
|
0.95 % |
of total Revenue |
| MISSISSIPPI POWER CO Commercial |
|
0.98 % |
of total Revenue |
| MISSISSIPPI POWER CO Industrial |
|
1.07 % |
of total Revenue |
| MISSISSIPPI POWER CO Other |
|
0.04 % |
of total Revenue |
| MISSISSIPPI POWER CO Retail electric revenues |
|
3.04 % |
of total Revenue |
| MISSISSIPPI POWER CO Wholesale electric revenues |
|
2.31 % |
of total Revenue |
| MISSISSIPPI POWER CO PPA energy revenues |
|
0.05 % |
of total Revenue |
| MISSISSIPPI POWER CO PPA capacity revenues |
|
0.25 % |
of total Revenue |
| MISSISSIPPI POWER CO Non-PPA revenues |
|
2.01 % |
of total Revenue |
| MISSISSIPPI POWER CO Other revenues |
|
0.18 % |
of total Revenue |
| MISSISSIPPI POWER CO Other revenue sources |
|
0.1 % |
of total Revenue |
| SOUTHERN POWER CO |
|
8.11 % |
of total Revenue |
| SOUTHERN POWER CO Wholesale electric revenues |
|
6.18 % |
of total Revenue |
| SOUTHERN POWER CO PPA energy revenues |
|
4.67 % |
of total Revenue |
| SOUTHERN POWER CO PPA capacity revenues |
|
0.99 % |
of total Revenue |
| SOUTHERN POWER CO Non-PPA revenues |
|
0.52 % |
of total Revenue |
| SOUTHERN POWER CO Other revenues |
|
0.05 % |
of total Revenue |
| SOUTHERN POWER CO Other revenue sources |
|
1.88 % |
of total Revenue |
| SOUTHERN Co GAS |
|
26.12 % |
of total Revenue |
| SOUTHERN Co GAS Natural gas distribution revenues |
|
22.51 % |
of total Revenue |
| SOUTHERN Co GAS Residential |
|
12.24 % |
of total Revenue |
| SOUTHERN Co GAS Commercial |
|
3.01 % |
of total Revenue |
| SOUTHERN Co GAS Transportation |
|
5.24 % |
of total Revenue |
| SOUTHERN Co GAS Industrial |
|
0.29 % |
of total Revenue |
| SOUTHERN Co GAS Other |
|
0.04 % |
of total Revenue |
| SOUTHERN Co GAS Other natural gas revenues |
|
3.38 % |
of total Revenue |
| SOUTHERN Co GAS Gas marketing services |
|
3.35 % |
of total Revenue |
| SOUTHERN Co GAS Other revenue sources |
|
0.2 % |
of total Revenue |
| Traditional Electric Companies Wholesale revenues affiliates SOUTHERN POWER CO |
|
1.19 % |
of total Revenue |
| Electric Utilities |
|
71.72 % |
of total Revenue |
| Traditional Electric Companies |
|
65.29 % |
of total Revenue |
| Eliminations |
|
-0.4 % |
of total Revenue |
| Eliminations SOUTHERN Co GAS |
|
-0.05 % |
of total Revenue |
| Eliminations Electric Utilities |
|
-1.68 % |
of total Revenue |
| All Other |
|
2.6 % |
of total Revenue |
| All Other SOUTHERN Co GAS |
|
0.02 % |
of total Revenue |
| Reportable ALABAMA POWER CO |
|
24.91 % |
of total Revenue |
| Reportable GEORGIA POWER CO |
|
37.42 % |
of total Revenue |
| Reportable MISSISSIPPI POWER CO |
|
5.62 % |
of total Revenue |
| Reportable SOUTHERN POWER CO |
|
8.11 % |
of total Revenue |
| Electric Utilities Eliminations |
|
-1.68 % |
of total Revenue |
| Gas distribution operations SOUTHERN Co GAS |
|
22.63 % |
of total Revenue |
| Gas Pipeline Investments SOUTHERN Co GAS |
|
0.1 % |
of total Revenue |
| Gas marketing services SOUTHERN Co GAS |
|
3.39 % |
of total Revenue |
8.03% 