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Stock Market & Financial Investment News

News Breaks
January 10, 2014
14:13 EDTSOGeorgia Power to file decertification request for Plant Mitchell Unit 3
Georgia Power announced that it plans to file a request in 2014 with the Georgia Public Service Commission to decertify Unit 3 at Plant Mitchell in Albany, Ga. The company is also cancelling the previously proposed conversion of the coal-fired unit to biomass after extensive review and analysis deemed the conversion would not be cost effective for its customers. If the request to decertify the 155 megawatt unit is approved, it will be retired by April 16, 2015 the compliance date of the United States Environmental Protection Agency's Mercury and Air Toxics Standards Rule. Georgia Power is in the midst of a significant transition to the company's generation fleet. As part of its 2013 Integrated Resource , the company received approval from the PSC to decertify and retire more than 2,000 MW of coal- and oil-fired generation at facilities across the state. Georgia Power is the largest subsidiary of Southern Company.
News For SO From The Last 14 Days
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March 3, 2015
10:26 EDTSOHigh option volume stocks
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March 2, 2015
12:25 EDTSOSouthern Company files automatic mixed securities shelf
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February 26, 2015
14:37 EDTSOSouthern Company management to meet with SunTrust
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February 23, 2015
06:13 EDTSOSouthern Company implied volatility of 18 at upper end of index mean range
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February 20, 2015
09:05 EDTSOSouthern Company subsidiary acquires two Georgia solar projects
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09:04 EDTSOSouthern Company subsidiary acquires two Georgia solar projects
Southern Company subsidiary Southern Power announced the acquisition of two photovoltaic solar projects totaling 99 megawatts in Georgia the 80-MW Decatur Parkway Solar Project and the 19-MW Decatur County Solar Project from Tradewind Energy. The projects were proposed by Tradewind Energy and selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The electricity and associated renewable energy credits generated by the 80-MW facility will be sold under a 25-year power purchase agreement with Georgia Power. Construction of the 80-MW facility is currently scheduled to begin this month. Georgia Power will purchase the energy generated from the 19-MW project under a 20-year PPA. Southern Power will retain the associated RECs, which it may sell to third parties. Construction of the 19-MW facility is currently scheduled to begin in June. Both projects, which are expected to enter commercial operation in late 2015, will be constructed on separate sites totaling approximately 950 acres in south Georgia's Decatur County using single-axis tracking technology optimizing efficiency by directing solar panels to track the sun.

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