ADVFN - Advanced Financial Network.
HOME» NYSE » S » SO Stock Price » SO Stock News

Southern Share News

 Southern Company (the) Stock Price
SO Stock Price
 Southern Company (the) Stock Chart
SO Stock Chart
 Southern Company (the) Stock News
SO Stock News
 Southern Company (the) Company Information
SO Company Information
 Southern Company (the) Stock Trades
SO Stock Trades

Southern Co CEO Thanks Obama Administration For Nuclear Reactor Approval

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co.'s (SO) top executive thanked the Obama administration Thursday for licenses it issued for new nuclear reactors, and said the company would incorporate in the plant any safety changes needed following a pending review of Japan's Fukushima nuclear complex. Earlier Thursday, the Nuclear Regulatory Commission approved Southern's application for the first new U.S. nuclear reactors in decades, clearing a regulatory hurdle in the company's quest to lead a wave of reactor construction. Four of the five NRC members said Thursday they favor Southern's proposal to build two new reactors at its existing Plant Vogtle site in Georgia. However, NRC Chairman Gregory Jaczko voted against issuing the license, saying the license should be conditioned on making "safety enhancements" as a result of meltdowns last year at Japan's Fukushima Daiichi nuclear plant. Southern's chairman, president and chief executive promised Thursday that the company has already "taken into account" the events at Fukushima last year and will make any safety changes necessary to existing reactors and the new reactors it plans to build, following completion of a pending analysis of lessons learned from the accident. "This is an important day in America and a wonderful day for Southern Company and Georgia Power," Fanning told reporters Thursday at a briefing in Atlanta. Fanning said that there "really [was] not a difference of opinion with the chairman of the NRC" and suggested that the disagreement was over timing of changes that could be made to the new reactors. "Our commitment, as it always has been, is to incorporate the comments of ensure we have the safest, most reliable nuclear generation in the world," Fanning said. "That process with the NRC continues long after the [project] goes into operation. This industry has a track record of continuous learning and we'll continue that posture." Atlanta-based Southern said the project would create 4,000 to 5,000 construction jobs. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Southern (SO)
10/20/201616:41:10Current Report Filing (8-k)
10/19/201615:53:00Workers at Vogtle nuclear expansion top 25 million safe work...
10/18/201609:54:09Statement of Changes in Beneficial Ownership (4)
10/17/201616:59:00First class of Vogtle 3 & 4 nuclear operators pass NRC licensing...
10/17/201615:30:00Southern Company announces quarterly dividend
10/13/201621:07:00Georgia Power restores power to more than 99 percent of customers...
10/12/201617:48:00Georgia Power restores power to more than 90 percent of customers...
10/12/201616:15:00Southern Company subsidiary announces first tests of clean syngas...
10/12/201614:43:00Georgia Power continues to make progress on ash pond closures
10/12/201613:11:00Alabama Power declares dividends
10/12/201612:39:00Georgia Power restores power to more than 90 percent of customers...
10/11/201618:37:00Georgia Power names Meredith Lackey general counsel
10/11/201613:15:00Georgia Power to restore power for nearly 100 percent of customers...
10/10/201615:42:00Georgia Power to restore power to more than 90 percent of customers...
10/10/201613:06:00Georgia Power to restore power to more than 90 percent of customers...
10/09/201620:14:00Power crews face Hurricane Matthew devastation on first full...
10/09/201610:08:00Hurricane Matthew restoration efforts to continue Sunday
10/08/201620:56:00Update: Georgia Power restores power to 100,000+ customers following...
10/08/201614:29:00Georgia Power re-enters Coastal Georgia, restoration efforts...
10/08/201608:39:00Georgia Power begins Hurricane Matthew restoration efforts

Southern and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations