Georgia Power Restores Power to Over 214,000 Customers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: PRnewswire
- Restoration Progress: Georgia Power has successfully restored power to over 214,000 customers following Winter Storm Fern, although recovery efforts in hard-hit areas like Clayton and Cornelia face challenges due to severe ice and fallen trees.
- Extreme Weather Preparedness: The company is prepared to meet increased electricity demand this week as severe cold persists, with temperatures expected to remain below freezing, leveraging a diverse generation mix including nuclear, natural gas, coal, and renewables.
- Investment in Reliability: Over the past decade, Georgia Power has collaborated with the Georgia Public Service Commission to enhance its generation mix and invest in technology and winterization, ensuring service reliability during extreme cold and avoiding interruptions seen in other markets.
- Commitment to Customer Service: Georgia Power emphasizes the dedication of its employees to provide service when customers need it most and encourages customers to stay weather-aware while utilizing resources to mitigate the impact of cold weather on their power bills.
Analyst Views on SO
Wall Street analysts forecast SO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SO is 92.34 USD with a low forecast of 45.00 USD and a high forecast of 109.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
4 Buy
11 Hold
2 Sell
Hold
Current: 88.840
Low
45.00
Averages
92.34
High
109.00
Current: 88.840
Low
45.00
Averages
92.34
High
109.00
About SO
The Southern Company is an energy provider. The Company owns three traditional electric operating companies, Southern Power Company and Southern Company Gas. The traditional electric operating companies-Alabama Power, Georgia Power and Mississippi Power-are operating public utility companies providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. The Southern Power Company develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas in four states - Illinois, Georgia, Virginia, and Tennessee, through the natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
