The Southern Company operates in the utilities sector, within the electric utilities industry, and was founded in 1945 in the United States.
As one of the largest providers of electricity and natural gas in the country, the company serves approximately 9 million customers across several regions.
Its diversified portfolio spans the generation, transmission, and distribution of energy, relying on a mix of sources, including:
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Natural gas and coal-fired power plants
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Nuclear power plants
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Hydroelectric facilities
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Renewable energy (solar and wind)
In addition to energy generation, The Southern Company consistently invests in modernizing electrical infrastructure, supporting the energy transition, and developing smart grid solutions.
Its sustainability strategy includes a net-zero carbon emissions target by 2050, supported by increasing investments in clean energy technologies.
Operating through major subsidiaries such as Georgia Power, Alabama Power, and Mississippi Power, the company ensures reliable electricity service for residential, commercial, and industrial customers.
With over 32,000 employees, The Southern Company continues to expand and evolve through the digitization of the power grid and diversification of its energy mix.
The company is listed on the New York Stock Exchange (NYSE) under the ticker SO.
History and Founding of The Southern Company
The Southern Company was founded in 1945 in the United States, following the restructuring of Commonwealth & Southern Corporation, which had operated since the 1920s. Its formation aimed to consolidate and expand electricity service across the southern United States, supporting the region’s structured economic growth.
In its early years, the company focused on expanding its electric infrastructure, building coal-fired power plants and transmission lines to meet growing industrial and residential demand. During the 1950s and 1960s, Southern Company enhanced its energy capacity through the construction of hydropower and additional thermal plants.
In the 1970s, the company diversified its energy matrix and entered the nuclear sector, commissioning the Hatch Nuclear Plant in Georgia in 1975. Throughout the 1980s and 1990s, it continued to expand with investments in grid modernization and emerging technologies.
Key milestones in the company’s history include:
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2000: Entry into the natural gas sector, broadening its scope beyond electricity.
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2012: Launch of renewable energy projects, including solar and wind installations.
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2016: Acquisition of AGL Resources, making Southern Company one of the largest natural gas distributors in the U.S.
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2021: Completion of Vogtle Unit 3, one of the nation’s largest nuclear energy projects.
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2022–2024: Strategic investments in energy transition initiatives, including green hydrogen, carbon capture, and smart grid systems for a more sustainable power network.
Today, The Southern Company remains a key player in leading the clean energy transition in the U.S., combining innovation, sustainability, and operational excellence to ensure national energy security.
Additional Information
The Company The Southern Co. (United States), is listed on NYSE with a market cap of $ 98.38 Billions, having an equity of $ 38.27 Billions.
With a total of 32.015 employees, the company is listed in the sector of Utilities and categorized in industry of Electrical.
In the last 12 months the Company had a revenue of $ 28.91 Billions, which generated a profit in the amount of $ 4.46 Billions.
As for its main indicators, the Company has a P/E ratio of 22.06, a P/BV ratio of 2.57 and in the last 12 months the dividend yield of SO was at 3.27%.
The Company is traded internationally through the ticker SO.