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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.
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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.

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