Southern Power to help meet Cobb EMC members' energy needs
ATLANTA, Dec. 14, 2012
ATLANTA, Dec. 14, 2012 /PRNewswire/ -- Southern Power, a Southern Company
subsidiary, has been selected to supply Cobb Electric Membership Corporation
(EMC) electricity to supplement its current generation resources for a
seven-year period beginning in 2016. The power purchase agreement – which
calls for the sale of at least 325 megawatts annually – is the first such
contract between Southern Power and Marietta, Ga.-based Cobb EMC.
"We look forward to providing value to Cobb EMC and its members through this
contract," said Southern Power President and CEO Oscar Harper. "We are very
proud of the partnership this represents between our companies, and we will
continue to build on this foundation for the future."
The power purchase agreement resulted from a request for proposals issued by
Cobb EMC in late 2011. Southern Power will supply Cobb EMC electricity
generated using the company's existing resources.
"Solidifying Cobb EMC members' long-term power needs is a major accomplishment
that helps our members through pricing stability for years to come," said Cobb
EMC President and CEO Chip Nelson. "The agreement with Southern Power was
reached after an extensive review of multiple proposals. We look forward to a
long-term relationship with Southern Power."
Southern Power is among the largest wholesale energy providers in the
Southeast, meeting the electricity needs of municipalities, electric
cooperatives and investor-owned utilities. The company owns and operates more
than 8,600 megawatts with facilities in Alabama, Florida, Georgia, Nevada, New
Mexico, North Carolina and Texas and has an additional 30 megawatts under
construction in Nevada.
Cobb EMC is a not-for-profit electric membership cooperative providing
reliable electric energy. Formed in 1938, CobbEMC started as an electric
utility with 489 residential members and 14 commercial accounts. Serving
approximately 196,000 meters representing more than 176,000 residential and
commercial customers, Cobb EMC is one of the largest of Georgia's 42 EMCs, and
is among the largest of the nation's approximately 900 EMCs.
The CobbEMC distribution system consists of approximately 10,500 miles of
line located within Cobb, Bartow, Cherokee, Fulton and Paulding counties in
the north metro Atlanta area and Randolph, Calhoun, Quitman and Clay counties
in Southwest Georgia. Cobb EMC's distribution system covers approximately
1,434 square miles. In 2011, Cobb EMC sold more than 3.9 billion kilowatt
hours of electricity with revenue exceeding $441 million. In 2012, Cobb EMC
completed its state of the art smart grid metering system. In addition, Cobb
EMC has one of the more advanced distribution systems in the nation. As a
not-for-profit, member-owned corporation, Cobb EMC is dedicated to providing
its members with the best service at the lowest possible price. Visit our
website at www.cobbemc.com.
With 4.4 million customers and more than 43,000 megawatts of generating
capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy
company serving the Southeast through its subsidiaries. A leading U.S.
producer of clean, safe, reliable and affordable electricity, Southern Company
owns electric utilities in four states and a growing competitive generation
company, as well as fiber optics and wireless communications. Southern Company
brands are known for energy innovation, excellent customer service, high
reliability and retail electric prices that are below the national average.
Southern Company and its subsidiaries are leading the nation's nuclear
renaissance through the construction of the first new nuclear units to be
built in a generation of Americans and are demonstrating their commitment to
energy innovation through development of a state-of-the-art coal gasification
plant. Southern Company has been recognized by the U.S. Department of Defense
and G.I. Jobs magazine as a top military employer and listed by DiversityInc
as a top company for Blacks. The company received the 2012 Edison Award from
the Edison Electric Institute for its leadership in new nuclear development,
was named Platts' 2011 Power Company of the Year and is continually ranked
among the top utilities in Fortune's annual World's Most Admired Electric and
Gas Utility rankings. Visit our website at www.southerncompany.com.
SOURCE Southern Power
Contact: Southern Company Media Relations, +1-404-506-5333 or +1-866-506-5333
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