Southern Company Sees 33% Hike in Third-Quarter Profits, Maintains In-Service Date for Georgia IGCC Project
SUGAR LAND--October 29, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Southern Company (NYSE:SO) (Atlanta, Georgia) reported $959 million in third-quarter 2015 net earnings, up more than 33% from $718 million in third-quarter 2014. The southeast U.S. power provider benefited from revenue from its traditional operating companies, and the stronger-than-expected performance of its Southern Power subsidiary, according to the company. Returns on the company's solar power investments also bolstered profits, according to executives. Industrial Info is tracking 77 active Southern Company projects worth $24.94 billion.
Within this article: Details on Southern Company's quarter and projects, including the controversial Vogtle Nuclear Power Plant expansion project in Georgia.
