New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 25, 2013
10:52 EDTSOSouthern Company discloses Mississippi Power settlement agreement
The Southern Company (SO) disclosed this morning that Mississippi Power and the Mississippi Public Service Commission entered into a settlement agreement. Under the terms of the agreement, Mississippi Power and the Commission shall follow certain agreed-upon regulatory procedures and schedules for resolving the cost recovery matters related to the Kemper IGCC. These procedures and schedules include the following: Mississippi Power’s filing within 30 days of the Settlement Agreement of a new request to increase rates in 2013 in an amount not to exceed $172M of financing costs to be recorded to a regulatory liability to be used to mitigate rate impacts when the Kemper IGCC is placed in service; the Commission’s decision on that matter within 50 days of Mississippi Power’s request; Mississippi Power’s collaboration with the Mississippi Public Utilities Staff to file with the Commission within three months of the Settlement Agreement a rate recovery plan for the Kemper IGCC for the first seven years of its operation, along with a revenue requirement under such plan for 2014; the Commission’s decision on the rate recovery plan within four months of the filing; Mississippi Power’s agreement to limit the portion of prudently incurred Kemper IGCC costs to be included in rate base to the $2.4B certificated cost estimate, plus costs related to the lignite mine and carbon dioxide pipeline; provided that this limitation will not prevent Mississippi Power from securing alternate financing for any prudently incurred Kemper IGCC costs not otherwise recovered in any Commission rate proceeding contemplated by the Settlement Agreement; and the Commission’s completion of its prudence review of the Kemper IGCC costs incurred through 2012 within six months of the agreement.
News For SO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 30, 2014
14:05 EDTSOSouthern Company downgraded to Underperform from Peer Perform at Wolfe Research
Two other firms downgraded Southern Company today.
11:36 EDTSOSouthern Company downgraded to Neutral from Buy at Hilliard Lyons (earlier)
10:02 EDTSOOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:19 EDTSOSouthern Company downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Southern Company to Underperform from Neutral. The firm downgraded shares based on valuation, continued Kemper cost issues, and risks to Vogtle nuclear construction. Price target raised to $46 from $43.
06:11 EDTSOSouthern Company downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information
October 29, 2014
13:58 EDTSOSouthern Company says solar power investment 'ahead of schedule'
Says sees $30M in Q4 income from California solar plant. Says expects to sell $600M in equity for 2014. Says will evaluate options to issue equity in 2015/16 but no plans to do so currently. Says wind investments are "suitable," but not in Southeast region.
13:35 EDTSOSouthern Company sees FY14 year-end adjusted EPS $2.80, consensus $2.79
Based on year to date actual adjusted EPS of $2.43 and projected Q4 adjusted EPS of 37c, the company expects 2014 year-end adjusted EPS of $2.80.
13:20 EDTSOSouthern Company says economic development pipeline 'remains robust'
Subscribe for More Information
13:02 EDTSOSouthern Company sees FY14 adjusted EPS $2.72-$2.80, consensus $2.79
Subscribe for More Information
13:01 EDTSOSouthern Company sees Q4 adjusted EPS 37c, consensus 39c
Guidance from company's Q3 earnings conference call.
07:35 EDTSOSouthern Company reports Q3 kilowatt-hour sales to retail increased 3.6%
Subscribe for More Information
07:34 EDTSOSouthern Company reports Q3 EPS excl items $1.09, consensus $1.07
Subscribe for More Information
October 28, 2014
15:44 EDTSONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
October 23, 2014
11:21 EDTSOSouthern Company subsidiary acquires 150-MW Solar Gen 2 solar facility
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use