Company
The Southern Company
Headquarters: Atlanta, GA, United States
Founded: 1945
Employees: 27,027
CEO: Mr. Thomas A. Fanning
Market Cap
$84.98 Billion
USD as of July 1, 2024
The Southern Company Categories
United States Utilities Utilities—Regulated ElectricUnited States Utilities United States Utilities—Regulated Electric
Company Description
Southern Company is an electric utility company. Through its subsidiaries, it serves 9 million natural gas and electric utility customers in Alabama, Georgia, Illinois, Mississippi, Tennessee, and Virginia. With origins dating back to 1924, it now operates multiple coal-fired, nuclear, and natural gas power plants as well as some renewable energy sources.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| Duke Energy Corporation | $77.61 B |
| American Electric Power Company, Inc. | $46.31 B |
| PG&E Corporation | $44.66 B |
| Consolidated Edison, Inc. | $30.87 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| China Yangtze Power Co. Ltd | $98.70 B |
| Iberdrola, SA | $79.29 B |
| Duke Energy Corporation | $77.61 B |
| Enel SpA | $73.16 B |
Detailed Description
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
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Stocks & Indices
The Southern Company has the following listings and related stock indices.
Stock: NYSE: SO wb_incandescent
Stock: FSX: SOT wb_incandescent
Stock: NYSE: SOJD wb_incandescent
Stock: XETR: SOT wb_incandescent
Key People
Thomas A. Fanning (Chairman, President, & CEO) Andrew W. (Drew) Evans (Executive Vice President & CFO)
Financials
Revenue: US$23.5 billion (2018)
Operating income: US$4.19 billion (2018)
Net income: US$2.23 billion (2018)
Total assets: US$116.9 billion (2018)
Total equity: US$29.04 billion (2018)