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January 25, 2013
10:56 EDTSOSouthern Company settlement removes a key risk, says Wells Fargo
Wells Fargo believes the settlement between Mississippi Power and the Mississippi Public Service Commission outlining recovery of the under-construction Kemper County IGCC plant removes a key risk for Southern Company. Wells views the settlement as favorable for Southern Company and keeps a Market Perform rating on the stock.
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November 30, 2015
10:41 EDTSOSouthern Company unit acquires solar project in Texas from Recurrent Energy
Earlier today, Southern Company (SO) subsidiary Southern Power announced the acquisition of a controlling interest in the 157-megawatt Roserock solar facility - the company's first solar project in Texas - from Recurrent Energy, one of North America's largest solar developers. The latest addition to one of America's largest renewable portfolios, the facility is being developed by Recurrent Energy, a subsidiary of Canadian Solar (CSIQ) , which will retain the remaining interest in the project.Representing Southern Power and Recurrent Energy's second partnership arrangement, the project, currently under construction, is expected to enter commercial operation in the fourth quarter of 2016. Southern Power's 20th solar acquisition, the Roserock solar facility fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
November 19, 2015
16:40 EDTSOAGL Resources holders vote to approve merger with Southern Company
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