Southern Company

Southern Company Enhances Grid Reliability Through $165 million DOE Smart Grid Investment Grant

Submitted by aburr on Tue, 2014-01-14 13:20

Southern Company completed the smart grid development efforts associated with the $165 million Smart Grid Investment Grant awarded to the company by the U.S. Department of Energy in 2009. Through a combination of matching funds and additional investments, the company spent a total of $363 million to accelerate smart grid implementation and make the grid more reliable, efficient and secure.

Digest

Danish utility orders 582 MW of Siemens offshore wind turbines; Maui Electric contracts Greenlots and ABB for electric vehicle fast-charging system; U.S. Army Corps of Engineers contracts Eaton for alternative energy and conservation projects at army facilities; Southern Company and Turner Renewable Energy acquire SunEdison project in California; FERC approves Columbia Gas and Williams Partners pipeline expansion projects; plus contracts and announcements from Entergy, ITC Holdings, California ISO, PG&E, MidAmerican Transmission, Citizens Energy, CPS Energy, and others.
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Transactions (January 2014)

Calpine acquires 1,050-MW combined-cycle plant in Texas; Allete buys AES wind farms; NextEra acquires Silver State solar project from First Solar; plus equity and debt deals involving EdF, Emera, First Wind, SunEdison, AEP, NV Energy and others, totaling $2.7 billion.

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Southern Power and Partner Turner Renewable Energy to Acquire California Solar Plant

Submitted by aburr on Mon, 2013-11-11 12:51

Southern Company subsidiary Southern Power acquired the company's second solar PV installation in California – the 20-MW Adobe Solar Facility – in partnership with Turner Renewable Energy. The Southern Power-Turner Renewable Energy partnership's sixth solar project acquisition is expected to close upon the successful completion of construction, which is anticipated in spring 2014. The Adobe Solar Facility will be built, operated and maintained by SunEdison.

People (November 2013)

Southern Power names Chris Cummiskey chief commercial officer; Northeast Utilities appoints new executives at operating utilities; Kevin Bethel replaces Jonathan Halkyard as CFO at NV Energy; Georgia Power creates new position, v.p. of renewable development; plus personnel announcements at PG&E, Sempra, FirstEnergy, Edison International, IDACORP, and others.
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Southern Power Acquires 139-MW Solar Plant in Clark County, Nevada

Submitted by aburr on Thu, 2013-10-24 13:30

Southern Company subsidiary Southern Power, in partnership with Turner Renewable Energy, began commercial operation on the Spectrum Solar Facility, located in Clark County, Nevada. The 30-MW solar PV installation utilizes tracking technology that enables greater efficiency by directing solar panels to track the sun as it moves across the sky. The 311-acre site was built and will be operated and maintained by SunEdison.

Transactions (October 2013)

Constellation and EdF transfer nuclear licenses to Exelon for $400 million; NRG closes $244 million acquisition of Gregory cogen plant in Texas; Vivint Solar secures $200 million for rooftop solar leases; Virginia Power floats $585 million in bonds; Southern Company issues $700 million; plus equity deals totaling $844 million and debt issues totaling $3.635 billion.

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The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

Byline: 

Michael T. Burr

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People (September 2013)

Southern Power names William Grantham CFO; Allen Leverett succeeds Gale Klappa as Wisconsin Energy president; Derek Porter ascends to DPL president; OGE CFO Sean Trauschke becomes president of OG&E; plus personnel announcements at New York ISO, Washington UTC, the Smart Grid Interoperability Panel, and others.
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People (August 2013)

Dominion appoints Hunter Applewhite to lead Dominion Foundation; Lisa Johnson leaves Old Dominion to become CEO at Seminole Electric Cooperative; President Obama nominates former Colorado commissioner Ron Binz to chair FERC; Edison Electric Institute names its new officers; plus appointments and executive changes at AES, PG&E, Sempra, Ameren, Duke, and others.
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