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Latest Southern Co. Items
Southern Co. showed signs Friday of better controlling its spending while building a first-of-its-kind nuclear plant, an important development for a project that was supposed to prove the nuclear power industry is financially viable.
Clearing a key hurdle to the construction of the nation's first new nuclear power plants in some three decades. Energy Secretary Ernest Moniz confirmed Wednesday the Obama administration will make available billions of dollars in federal loan guarantees to support private construction efforts.
Mark Crosswhite doesn't like the word "initiative," saying it too often brings up ideas he calls "flash in the pan." Instead, the new Alabama Power Co. CEO wants to stress continuity.
The Energy Department is poised to approve $6.5 billion in federal loan guarantees for the first nuclear power plant built from scratch in this country in more than three decades.
Alabama Power CEO Charles McCrary is retiring after 12 years at the helm of the company.
The Southern Co. says it may cost another $40 million to finish the $5 billion-plus power plant and mine it's building in eastern Mississippi's Kemper County.
Badly outnumbered regulators in Georgia want to hire two more employees to keep tabs on the $14 billion project to build a first-of-its-kind nuclear plant.
In the woods of east Mississippi, a subsidiary of Atlanta-based Southern Co. is pouring billions of dollars into construction of a power plant that burns coal but would emit less carbon dioxide. It's a response to looming efforts by federal regulators trying to curtail gases blamed for climate change.