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July 30, 2015 7:49 PM 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 through purchase power agreements to investor-owned utilities, independent power producers, municipalities, and electric co-operatives. As of December 31, 2014, it had 9,074 megawatts of nameplate capacity in commercial operation. The company was founded in 2001 and is based in Atlanta, Georgia. Southern Power Company is a subsidiary of Southern Company.

30 Ivan Allen Jr. Boulevard, N.W.

Atlanta, GA 30308

United States

Founded in 2001

Phone:

404-506-5000

Key Executives for Southern Power Company

Chief Executive Officer, President and Director
Chief Financial Officer, Vice President and Treasurer
Age: 45
Executive Vice President, General Counsel and Director
Age: 62
Executive Vice President
Age: 65
Executive Vice President
Age: 66
Compensation as of Fiscal Year 2015.

Southern Power Company Key Developments

Southern Power Company Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Southern Power Company announced earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, operating revenues were $337 million against $329 million for the same period in the last year. Earnings before income taxes was $53 million against $29 million for the same period in the last year. Net income available to common was $46 million against $31 million for the same period in the last year. For the six months, operating revenues were $684 million against $680 million for the same period in the last year. Earnings before income taxes was $98 million against $66 million for the same period in the last year. Net income available to common was $79 million against $64 million for the same period in the last year.

Southern Power Co. to Purchase 20-MW Ga. Solar Farm

Southern Co. announced that it adding another solar energy project to the portfolio of its Southern Power unit, increasing solar holdings in its home state of Georgia to more than 400 MW. Southern Co. said June 24 that its wholesale supply subsidiary Southern Power Co. has surpassed development of 400 MW of renewable energy capacity in Georgia by acquiring the proposed 20-MW Butler solar farm in Taylor County, Ga. Southern Power will acquire the facility from Strata Solar LLC under the Georgia Power Advanced Solar Initiative. The solar facility is expected to enter commercial operations during the fourth quarter, with Strata Solar managing the engineering, procurement and construction of the facility.

Southern Power Company expected to report Q2 2015 results on July 30, 2015. This event was calculated by Capital IQ (Created on April 30, 2015).

Southern Power Company expected to report Q2 2015 results on July 30, 2015. This event was calculated by Capital IQ (Created on April 30, 2015).

Similar Private Companies By Industry

Company Name Region
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Whispering Wind Acres, LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 24, 2015
Strata Solar LLC, 20-MW Butler Solar Farm
Merger/Acquisition
June 1, 2015
Pawpaw Solar Facility
Merger/Acquisition
May 7, 2015
Butler Solar LLC
 

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