Southern Company provides electricity and natural gas to customers in the southeastern United States. It runs diverse power plants—coal, natural gas, nuclear, and renewable sources like solar and wind—and manages generation, transmission, and distribution to deliver energy. It earns money mainly by selling energy in a regulated market that supports stable returns, and it offers an investor-direct purchase option. The company's goal is to provide reliable energy while expanding cleaner energy and maintaining its infrastructure for the future.
Company Size
10,001+
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
1912
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Health Insurance
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Hybrid Work Options
Georgia regents name former Southern Company leader Fanning as next chancellor. Published 1:28 pm Thursday, October 1, 2026 By Ty Tagami, Capitol Beat News Service | Getting your Trinity Audio player ready... | ATLANTA - Georgia's Board of Regents formalized the hiring Thursday of the next leader of the state's 25 public colleges and universities, naming Thomas A. Fanning as chancellor. The former president and CEO of Southern Company will take control of the University System of Georgia on Jan. 1, the day after Sonny Perdue retires. The regents named Fanning sole finalist last month. "As a proud USG graduate, I know firsthand the transformative power of this system," Fanning said in a statement. The Georgia Tech graduate, who went on to earn a master's degree there, said his priorities are to ensure college remains accessible, to support innovation and to drive the state's economy with talented graduates. Fanning led Southern Company from 2010 to 2023. He also chaired the Cybersecurity Advisory Committee of the Cybersecurity and Infrastructure Security Agency and the board of the Federal Reserve Bank of Atlanta. After leading the university system for four years, Perdue announced his retirement in April, prompting a five-month search for his successor. Perdue served as agriculture secretary for President Donald Trump during his first term in the White House and as Georgia's first Republican governor since Reconstruction starting in 2003.
The US Department of Energy has approved a $26.5 billion loan to Southern Company through Georgia Power and Alabama Power, the largest in the agency's history. Georgia Power receives approximately $22.4 billion whilst Alabama Power gets roughly $4.1 billion. The 30-year loans will finance over 16 gigawatts of power capacity, including gas turbines, nuclear upgrades, batteries, and 1,300 miles of transmission infrastructure. Officials tout $7 billion in customer savings and $300 million annual interest cost reductions for Southern Company. The financing targets data centre growth and manufacturing expansion. Critics argue the subsidised borrowing costs benefit shareholders whilst construction costs enter the rate base, ultimately paid by customers. Current rate freezes in Georgia and Alabama have expiration dates. The loan reduces Southern Company's borrowing costs but doesn't guarantee lower household bills, as assets remain company-owned and ratepayer-funded.
Robinhood, Coinbase jumped, Marvell and edison slumped. The wild price swings among the sectors continued in the last day. Discount trading firms Robinhood (HOOD) and Futu Holdings (FUTU) broke out of their recent uptrend. Renewed momentum for the U.S. Clarity Act, which regulates cryptocurrencies, lifted those stocks. Higher crypto trading volumes would increase revenues for Robinhood and Coinbase (COIN). HOOD stock gained 13% in the last week while COIN stock jumped by 25.6%. Short interest on Coinbase shares is at 10.12%. In the storage sector, Marvell Technology (MRVL) fell to its 50-day moving average, down by 5.57% last Friday. The firm will expand its range of custom silicon programs that attach to Alphabet's (GOOG) TPU chip. That includes AI inference accelerators, storage and network controllers, and near-memory compute. Edison International (EIX) revisited the $70 lows. Earlier this month, the LA County report wrote that electrical sparks from EIX's out-of-service transmission tower caused California's Eaton fire. The firm already took responsibility for the fire. It offered more than $775 million in funds to support the Wildfire Recovery Compensation Program. EIX stock is a compelling investment. Its dividend yields 4.83%. The firm has good value, strong profitability, and saw bullish EPS and revenue revisions from analysts in the last three months. Edison's peers include PG&E (PCG), ConEd (ED), and The Southern Company (SO).
Southern Company has priced $725 million in Series 2026A 2.125% Convertible Senior Notes due December 2027 and $1.65 billion in Series 2026B 3.50% Convertible Senior Notes due September 2029. The offerings represent upsizes of $75 million and $150 million respectively over previously announced sizes. The Series 2026A notes have an initial conversion price of approximately $104.56 per share, a 12.5% premium above the 3 August 2026 closing price. The Series 2026B notes have an initial conversion price of approximately $118.50 per share, a 27.5% premium. Southern Company will use approximately $403 million of proceeds to repurchase its Series 2024A Convertible Senior Notes. The remaining funds will repay short-term debt and support general corporate purposes. The offerings are expected to close on 6 August 2026.
Southern Company reported second-quarter 2026 earnings of $1.2 billion, a 33% increase from $0.9 billion in the same period last year. Year-to-date earnings reached $2.5 billion through June 30, up 14% from $2.2 billion in 2025. The earnings growth was driven by investment in state-regulated utilities, customer usage and growth, higher earnings from equity method investments and lower income taxes, partially offset by higher interest expense. Operating revenues for the second quarter reached $6.98 billion, whilst year-to-date revenues totalled $15.4 billion, up 4.2% from $14.7 billion in 2025. Southern Company serves 9 million customers across the Southeast through its family of companies, including Alabama Power.