Southern Company (NYSE: SO) is America’s premier energy company, with 46,000 MW of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. Operations include nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of natural gas pipeline.
The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and nationally recognized provider of energy solutions, as well as fiber optics and wireless communications.
Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, the company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers.
Southern Power a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. At Southern Power’s portfolio consists of 46 natural gas, wind, solar and biomass generating assets capable of delivering more than 12,600 MW of clean, safe, reliable and affordable wholesale generation in Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma and Texas. The portfolio now includes over 3,200 MW of renewable generation.
Southern Company Gas
Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas to 4.5 million retail customers through utilities in seven states – Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland.
Gas distribution operations is the largest component of Southern Company Gas' business and is subject to regulation and oversight by agencies in each of the states it serves. These agencies approve natural gas rates designed to provide Southern Company Gas the opportunity to generate revenues to recover the cost of natural gas delivered to its customers and its fixed and variable costs, such as depreciation, interest, maintenance, and overhead costs, as well as to earn a reasonable return on its investments.
Southern Company Gas and its subsidiaries are also involved in several other complementary businesses including gas marketing services, wholesale gas services and gas midstream operations.
- Gas marketing services consists of several businesses that provide energy-related products and services to natural gas markets.
- Wholesale gas services is involved in asset management and optimization, storage, transportation, producer and peaking services, natural gas supply, natural gas services, and wholesale gas marketing.
- Gas midstream operations consists primarily of gas pipeline investments and includes storage and fuels.
PowerSecure is a leading provider of utility and energy technologies to electric utilities and industrial, institutional and commercial customers. The company provides solutions with their products and services in the areas of distribute infrastructure, energy efficiency and utility infrastructure.
The company's distributed infrastructure solutions utilize a range of technologies to deliver power, including renewables like wind and solar. Its energy efficiency products and services include LED lighting technologies, the installation and maintenance of energy conservation measures, as well as transmission and distribution infrastructure and maintenance services and engineering and regulatory consulting services for utilities.
Southern Company is an investor-owned public company managed by a chief executive officer accountable to a board of directors. A management council made up of senior executives at Southern Company and its subsidiaries reports to the CEO. We perform succession planning to identify and develop employees for leadership roles. Visit our investor relations website for our current directors and management council members.
The Board of Directors oversees the management of the company's business. To fulfill its responsibilities and discharge its duty to shareholders, the Board of Directors follows the procedures and standards set forth in our governance guidelines. Guidelines include:
- Southern Company must have a majority of independent directors. (Currently, only CEO Tom Fanning is a director of the company.)
- The board establishes committees to help accomplish its responsibilities. All committees—audit, compensation and management succession, finance, governance and nuclear/operations—are composed entirely of independent directors.
- The audit and nuclear/operations committees oversee environmental compliance. Broader environmental policy is discussed by the entire board.
- The governance committee evaluates the expertise and needs of the board at least annually to determine its proper membership and size.
To operate successfully, we balance the earnings interests of shareholders; rates and reliability interests of customers; growth and impact interests of communities; and policy interests of regulators. Contingent upon financial success, we have the operating income to meet our environmental, workplace, and community responsibilities.
Stakeholders are those who are, or could be, affected by our operations. Stakeholders include:
- Community Members
- Non-Government Organizations