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Last $43.74 USD
Change Today -0.17 / -0.39%
Volume 5.3M
SO On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

30 Ivan Allen Jr Boulevard NW

Atlanta, GA 30308

United States

Phone: 404-506-5000

Fax:

The Southern Company, together with its subsidiaries, supplies electric service in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Company System Traditional Operating Companies The traditional operating companies are vertically integrated utilities that own generation, transmission, and distribution facilities. Each company's transmission facilities are connected to the respective company's own generating plants and other sources of power (including certain generating plants owned by Southern Power Company (Southern Power)) and are interconnected with the transmission facilities of the other traditional operating companies and Southern Electric Generating Company (SEGCO). Southern Power Southern Power is an electric wholesale generation subsidiary with market-based rate authority from the Federal Energy Regulatory Commission (FERC). Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects; and sells electricity at market-based rates in the wholesale market. Certain of Southern Power’s subsidiaries are admitted to do business in the states of California, Nevada, New Mexico, and Texas. In 2013, Southern Power and Turner Renewable Energy, LLC (TRE), through Southern Turner Renewable Energy, LLC (STR), a jointly-owned subsidiary owned 90% by Southern Power, acquired Campo Verde Solar, LLC (Campo Verde). Campo Verde constructed and owns an approximately 139-MW (megawatt) solar photovoltaic facility in Southern California. Southern Power and TRE, through STR, acquired Adobe Solar, LLC and Macho Springs Solar, LLC in April 2014 and May 2014, respectively. In October 2014, Southern Power, through its subsidiaries, such as Southern Renewable Partnerships, LLC and SG2 Holdings, LLC, acquired SG2 Imperial Valley, LLC (Imperial Valley). Imperial Valley constructed and owns an approximately 150-MW solar photovoltaic facility in Southern California. In December 2014, Southern Power announced that it would build an approximately 131-MW solar photovoltaic facility in Taylor County, Georgia. Construction of the facility is expected to begin in September 2015. In February 2015, Southern Power acquired Decatur Parkway Solar Project, LLC and Decatur County Solar Project, LLC from TradeWind Energy, Inc. as part of Southern Power’s plan to build two solar photovoltaic facilities, the Decatur Parkway Solar Project and the Decatur County Solar Project. These two projects, approximately 80 MWs and 19 MWs, respectively, would be constructed on separate sites in Decatur County, Georgia. The construction of the Decatur Parkway Solar Project commenced in February 2015 while the construction of the Decatur County Solar Project is expected to commence in June 2015. Both projects are expected to begin commercial operation in late 2015. As of December 31, 2014, Southern Power had 9,074 MWs of nameplate capacity in commercial operation, after taking into consideration its equity ownership percentage of the solar facilities. For the year ended December 31, 2014, Southern Power derived approximately 10.1% of its revenues from sales to Florida Power & Light Company; approximately 9.7% of its revenues from sales to Georgia Power Company (Georgia Power); and approximately 9.1% of its revenues from sales to Duke Energy Corporation. Other Businesses The company also owns all of the membership interests of Southern Communications Services, Inc. (SouthernLINC Wireless); Southern Nuclear Operating Company, Inc. (Southern Nuclear); Southern Company Services, Inc. (SCS); Southern Company Holdings, Inc. (Southern Holdings); and other direct and indirect subsidiaries. SouthernLINC Wireless provides digital wireless communications for use by the company and its subsidiary companies, and markets these services to the public. SouthernLINC Wireless delivers multiple wireless communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data. Its system covers approximately 127,000 square miles in the Southeast. SouthernLINC Wireless also provides fiber cable services within the Southeast through

 

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Industry Analysis

SO

Industry Average

Valuation SO Industry Range
Price/Earnings 18.6x
Price/Sales 2.2x
Price/Book 2.0x
Price/Cash Flow 9.8x
TEV/Sales 0.6x
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