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News Breaks
May 26, 2013
15:31 EDTSOS&P revises Southern Co. and subsidiaries rating outlook to negative
On May 24, Standard & Poor's Ratings Services revised the rating outlook on Southern Co. and its operating subsidiaries to negative from stable. S&P stated, "At the same time, we affirmed the 'A' corporate credit rating on those entities and the 'BBB+' corporate credit rating on Southern Power Co. The rating outlook on Southern Power Co. is stable. The outlook revision on Southern Co. and its operating subsidiaries reflects our assessment of increased business risk as a result of a series of unfavorable regulatory, operational, and risk management developments. Over the past 12 months, adverse regulatory and project developments at Mississippi Power's integrated gasification combined cycle generation facility have contributed to a significant increase to the company's business risk and by association to Southern Co.'s business risk."
News For SO From The Last 14 Days
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April 21, 2014
15:16 EDTSOSouthern Company raises annual dividend 7c to $2.10 per share
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09:08 EDTSOSouthern Company and Turner Renewable Energy acquire California solar plant
Southern Company (SO) subsidiary Southern Power, in partnership with Turner Renewable Energy, has acquired the partnership's second California solar installation. The agreement to acquire the Adobe Solar Facility, a 20-MW solar photovoltaic installation in Kern County, Calif., was closed upon successful completion of construction. The facility is expected to begin commercial operation in May. The Adobe Solar Facility was built and will be operated and maintained by SunEdison (SUNE).
April 17, 2014
09:59 EDTSOOn The Fly: Analyst Downgrade Summary
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05:41 EDTSOSouthern Company downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded Southern Company to Sector Perform with a $46 price target.
April 10, 2014
10:01 EDTSOSouthernLINC Wireless renews contract with Georgia Technology Authority
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