Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range ofenergy-related services to utilities and industrial companies in selectedcountries around the world. Southern Energy businesses include independent power projects, integrated utilities, a distribution company, and energy trading and marketing businesses outside the southeastern United States.
30 IVAN ALLEN JR. BLVD. N.W. ATLANTA, GA 30308, USA Phone: 4045065000 Fax: 404-5060344 Web: http://www.southernco.com
Industry:UTIL-ELEC PWR Sector: Utilities Fiscal Year End:December Last Reported Quarter:12/31/11 Next EPS Date:04/25/12
Capital Structure Solvency and Cash Flow
Capital expenditure
Southern Company maintained its capital expenditure guidance of $4.9 billion in 2011, $5.0 billion in 2012 and $4.5 billion in 2013, netting $14.4 billion. These expenditures are expected to grow rate base and help drive higher earnings.
Dividend
On April 18, 2011, SO announced a hike of $0.07 per share in its annual dividend rate to $1.89 per share. The company also announced a regular quarterly of $0.4725 per share, including an increase of $0.0175 per share on a quarterly basis, payable June 6, 2011, to shareholders of record as of May 2, 2011.
Last edited Thu May 12, 2011 12:40 AM by dipayanbhattacharjee (Individual Investor)
Governance Social Responsibility and Employee Relations
• Valuation Concerns: Southern Company’s shares trade at a premium relative to its peer group. The majority of the firms suggest limited upside as a result of the premium.
• Capex Risks: Risk exists in recovering increased capital expenditure in future rates.
• Interest Rate Risk: High interest rates may weigh down on the stock.
• Regulatory Overhangs: Earnings may be negatively affected by FERC action, or a significant change in Federal Policy toward environmental standards. Loss of synfuel tax credit may adversely affect the Company’s performance.
• Project Risk: Cost overruns and delays at new plants, particularly Vogtle 3 & 4 and Kemper County will hamper the growth rate.
Last edited Thu May 12, 2011 12:43 AM by dipayanbhattacharjee (Individual Investor)
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Last Modification: Thursday 03 of June, 2010 08:51:29 CDT by WikiMigrationBot.
