October 23, 2016 11:46 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Southern Power Company

Company Overview

Southern Power Company, a public utility company, acquires, constructs, owns, and manages generation assets, primarily renewable energy projects. The company sells electricity in the wholesale market to investor-owned utilities, independent power producers, municipalities, electric cooperatives, and other load serving entities through power purchase agreements. As of July 7, 2016, it owned or had rights to 38 facilities operating or under construction with approximately 10,800 megawatts of generating capacity in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma, and Texas. The company was founded in 2001 and is based in Atlanta, Georgia. Southern Power Compa...

30 Ivan Allen Jr. Boulevard, NW

Atlanta, GA 30308

United States

Founded in 2001



Key Executives for Southern Power Company

Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer, Vice President and Treasurer
Age: 46
Chief Operating Officer and Senior Vice President
Age: 47
Chief Administrative Officer, Senior Vice President and General Counsel
Age: 47
Executive Vice President
Age: 66
Compensation as of Fiscal Year 2016.

Southern Power Company Key Developments

Southern Power to Buy Mankato Energy Center from Calpine

Southern Co. unit Southern Power will buy the Mankato Energy Center from Calpine. No worth of the deal was disclosed. The center is situated in Mankato, Minnesota, about 45 miles southwest of Minneapolis and will consist of two natural gas units: the existing 375-megawatt (MW) Mankato Energy Center I; and the 345 MW Mankato Energy Center II expansion, which is under development.

Southern Power Acquires Grant Plains Wind Facility

Southern Power announced the acquisition of the 147-megawatt (MW) Grant Plains wind facility in Oklahoma from Apex Clean Energy. The Grant Plains wind facility will be located in Grant County, Oklahoma, and is expected to utilize 64 wind turbines manufactured by Siemens. Grant Plains will be Southern Power's third wind facility in Oklahoma, building on a portfolio that includes the adjacent 151-MW Grant Wind facility and the 299-MW Kay Wind facility, both also acquired from Apex with turbines produced by Siemens. Grant Plains fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts. Apex Clean Energy is managing the construction and will operate and maintain the facility upon completion. IEA Renewable Energy Inc. is serving as the engineering, procurement and construction contractor. Construction began in the first quarter of 2016, and the plant is expected to achieve commercial operation in December 2016.

Southern Power Company to Develop Site in Pittsylvania County

Southern Company announced that subsidiary Southern Power is in the preliminary phase of developing land for a natural gas generating facility in Pittsylvania County in southern Virginia. As part of Southern Power's strategic plan to secure potential generation sites, the company signed a purchase and sale agreement option in June with the Danville-Pittsylvania Regional Industrial Facility Authority (RIFA) for 300 acres of land in Berry Hill Industrial Park.

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Recent Private Companies Transactions

September 1, 2016
Calpine Corp., Mankato Power Plant
August 29, 2016
Apex Clean Energy LLC, 147-megawatt Grant Plains wind facility in Oklahoma
July 8, 2016
Cypress Creek Renewables, LLC, 74 Megawatt Rutherford Farm Facility in North Carolina

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