Electric Utilities

The Southern Co.

The Southern Co.<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: SO)") else Response.Write("(NYSE: SO)") end if %> is the largest publicly traded electric utility in the U.S. and is one of the 20 most widely held stocks. The company owns Georgia Power, Alabama Power, Mississippi Power, and Gulf Power, providing a steady 6% dividend off an ever-increasing base of international operations.

The Southern Energy subsidiary designs, builds, owns and operates power production and delivery facilities and provides a broad range of technical services to industrial companies and utilities in the U.S. and a number of international markets. Southern Development explores, develops, and markets energy management services and other business lines relating to Southern's core business of generating and distributing energy.

Latest Financials

For the three months ended March 1997, revenues rose 6% to $2.58 billion. Net income applied to common shares fell 20% to $187 million. Results reflect the acquisition of CEPA, offset by capital expenditures and acquisition costs. For the quarter ended June 1997, revenues were $2.7 billion and after tax earnings were $215 million.

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