Southern Company (NYSE:SO)
Southern Company (NYSE:SO) is the premier energy company serving 4.4 million customers in the Southeast United States. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states: Alabama Power, Georgia Power, Gulf Power, and Mississippi Power. (Source: Business Overview, southerncompany.com, last accessed October 20, 2015.)
Southern Nuclear is Southern Company’s nuclear energy operating company. In 2012, it was approved by the Nuclear Regulatory Commission to build the first new nuclear reactors in the U.S. in a generation.
Today, Southern Nuclear operates Southern Company’s six nuclear reactors at three locations: the Alvin W. Vogtle Electric Generating Plant near Waynesboro, GA; the Edwin I. Hatch Nuclear Plant near Baxley, GA; and the Joseph M. Farley Nuclear Plant near Dothan, AL. All in, nuclear power provides 16% of Southern Company’s generation.
Southern Nuclear has a market cap of $41.7 billion, operating cash flow of $5.85 billion, and provides an annual dividend of 4.72%, or $2.17 per share.