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SO

Southern Company

$49.56

-1.05 (-2.07%)

05:26
09/13/17
09/13
05:26
09/13/17
05:26

Georgia Power says power restored to 405k customers following Hurricane Irma

Electric service to nearly 1M Georgia Power customers was impacted at the height of Hurricane Irma and, 24 hours later, Georgia Power has restored power to more than 405,000 customers across the state. As of 6:30 p.m. Tuesday, approximately 545,000 customers are without power across Georgia. While the company is working around the clock, customers should plan ahead for the potential for extended outages, possibly days or weeks, due to the vast damage from the storm. Regional and statewide restoration estimates will be available as soon as assessment is completed. Damage assessment following widespread destruction from Hurricane Irma is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. During assessment and restoration, Georgia Power must wait until conditions are safe for crews to begin power restoration and additional heavy rain or high winds may impact efforts. Additional challenges faced following the storm include downed trees, blocked roads and bridges that must be inspected by the state following flooding. Restoration progress since the beginning of the storm has been largely possible thanks to Georgia's advanced electric grid, which allows the company to reroute and restore power even when weather conditions prevent work in the field, as well as early work of crews. All of Georgia Power's teams are in the field today working to assess damage and restore power. Georgia Power is the largest electric subsidiary of Southern Company.

  • 25

    Sep

  • 05

    Nov

SO Southern Company
$49.56

-1.05 (-2.07%)

08/01/17
08/01/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Rockwell Collins (COL) upgraded to Buy from Hold at Canaccord with analyst Ken Herbert saying the selloff when Boeing (BA) said it would establish an avionics unit that could eventually bring more work in-house. 2. American Airlines (AAL) and Spirit Airlines (SAVE) were upgraded to Overweight from Neutral at JPMorgan. 3. Cabot Oil & Gas (COG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Drew Venker saying Cabot offers "excellent" risk/reward in a volatile oil/gas price environment and said downside is limited from lower gas prices, due to a strong balance sheet and free cash flow. 4. Southern Company (SO) upgraded to Buy from Hold at Deutsche Bank with analyst Jonathan Arnold citing news that Scana (SCG) plans to abandon its two new nuclear units at the V.C. Summer site in South Carolina. 5. National Grid (NGG) upgraded to Buy from Hold at Berenberg with analyst Andrew Fisher citing the selloff in shares which creates favorable risk/reward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/03/17
FBCO
08/03/17
UPGRADE
FBCO
Neutral
Southern Company upgraded to Neutral from Underperform at Credit Suisse
09/01/17
FBCO
09/01/17
NO CHANGE
Target $50
FBCO
Neutral
Southern Co. Vogtle recommendation contains 'no suprises,' says Credit Suisse
Credit Suisse analyst Michael Weinstein noted that Southern Company's latest Vogtle new nuclear construction report to Georgia regulators, which recommends continued construction of Units 3 and 4 with new target in-service dates that are 29 months delayed from the prior schedule, contained "no surprises" and led him to make no changes to his estimates or price target on Southern, which remains $50. He keeps a Neutral rating on Southern Company shares.
09/05/17
MZHO
09/05/17
UPGRADE
MZHO
Buy
Southern Company upgraded to Buy from Neutral at Mizuho

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USO

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$10.24

0.13 (1.29%)

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