Southern Company
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| Public | |
| Traded as | : SO DJUA component S&P 100 Component S&P 500 Component |
| Industry | Energy, Telecom |
| Founded | 1945 |
| Headquarters | Atlanta, Georgia, USA |
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Area served
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18 U.S. States |
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Key people
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Thomas A. Fanning, Chairman, President and Chief Executive Officer, |
| Revenue |
 US$17.46 billion (2010) |
 US$1.64 billion (2009) |
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| Total assets |
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Number of employees
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26,112 (2009) |
| Subsidiaries |
Southern Company Gas Alabama Power Georgia Power Gulf Power Mississippi Power Southern Company Services Southern Linc Southern Nuclear Southern Company Generation Southern Power Southern Telecom PowerSecure |
| Website | www.southerncompany.com |
Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S., in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in nine states. Southern Company’s regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Southern Company is one of the largest energy providers in the United States and 162nd on the Fortune 500 listing of the largest U. S. corporations. It has more than 500,000 shareholders (NYSE: SO) and has been traded since September 30, 1949.
Southern Company subsidiaries are building the first new nuclear units in the U.S. in 30 years at Plant Vogtle near Augusta, Georgia; building a 21st-century coal facility in Kemper County, Mississippi; are operating or developing renewable solar, wind and biomass facilities across the U.S.
Four retail electric companies: Alabama Power, Georgia Power, Gulf Power, Mississippi Power, serve 120,000 square miles (310,000 km2) in four states. Southern Power serves wholesale electricity customers across the U.S. Southern Company Gas serves utility customers in seven states.
Southern Company owns the following companies:
Southern Company can be traced back to 1924, when Southeastern Power & Light was formed as a holding company for Alabama Traction, Light and Power (formed 1906), the immediate forerunner of Alabama Power. Later that year, it formed Mississippi Power as a subsidiary, with Gulf Power following in 1925. In 1926, it merged with Georgia Power (formed 1902). In 1930, Southeastern Power & Light merged into the Commonwealth & Southern Corporation. The new system included five Northern companies and six Southern companies. However, in the late 1940s Commonwealth & Southern was dissolved to meet the Public Utility Holding Company Act of 1935. Four of the Southern companies—Alabama Power, Georgia Power, Gulf Power, and Mississippi Power—were deemed to be an integrated system and thus were allowed to remain under common ownership. A new holding company, Southern Company was incorporated in Delaware on November 9, 1945, and moved to Georgia in 1950. The year 1949 saw Southern Company’s first full year of operation. In 1954–55, the company was involved in the Dixon-Yates contract with the Atomic Energy Commission, and the associated political controversy.
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Wikipedia