Headquarters: Atlanta, GA, United States
CEO: Mr. Thomas A. Fanning
USD as of July 1, 2023
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.
|Company||Market Cap (USD)|
|NextEra Energy||$146.07 B|
|Duke Energy Corporation||$70.04 B|
|American Electric Power Company, Inc.||$44.29 B|
|PG&E Corporation||$41.59 B|
|Xcel Energy Inc.||$34.67 B|
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.
Unlock the Power of Financial AI:
Try Disfold AI Free for 7 Days!
Thomas A. Fanning (Chairman, President, & CEO) Andrew W. (Drew) Evans (Executive Vice President & CFO)
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)