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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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May 27, 2015
13:59 EDTSOSouthern Company in pact to test Tesla commercial-scale battery storage
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May 25, 2015
20:16 EDTSOMississippi utility company pulls out of Southern Co. project, WSJ says
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May 21, 2015
12:01 EDTSOSouthern Company subsidiary acquires 103-MW Georgia solar project
Southern Company (SO) subsidiary Southern Power acquired the 103-megawatt Butler solar facility from Community Energy in Georgia. The project, which was initially developed by Community Energy was selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The facility, which will be located on approximately 1,070 acres in Taylor County, Georgia, is expected to enter commercial operation in the fourth quarter of 2016. Construction is slated to begin in September 2015, with First Solar (FSLR) managing the building, operations and maintenance of the facility. The Butler solar facility is expected to consist of more than 1 million of First Solar's thin-film photovoltaic solar modules mounted on single-axis tracking tables. The electricity and associated renewable energy credits generated by the facility will be sold under a 30-year power purchase agreement with Georgia Power, which will have the option to keep or sell the RECs, for the benefit of its customers or renewable energy programs.
May 19, 2015
08:10 EDTSOHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "Discussion Draft Addressing Energy Reliability and Security" with Director Bardee of FERC, President & CEO Fanning of Southern Company, Executive Vice President Dominguez of Exelon Corp., and Vice President Heitman of ABB, Inc. on May 19 at 10 am. Webcast Link
07:11 EDTSOWolfe Research to hold a conference
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May 15, 2015
17:29 EDTSOSouthern Company: Construction to begin on Georgia Power 3x30 solar projects
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