ATLANTA, July 11, 2016 /PRNewswire/ -- As Southern
Company (NYSE: SO) expands its business model to increase its
natural gas presence, the company today unveiled a new corporate
brand. The company also announced that its newest subsidiary, AGL
Resources, has been renamed Southern Company Gas.
"Southern Company's recent growth in natural gas has expanded
our business beyond electricity, providing an excellent opportunity
to review our brand," said Southern Company Chairman, President and
CEO Thomas A. Fanning. "By adding
Southern Company Gas while developing the full energy portfolio,
Southern Company has doubled its customer base, expanded its
footprint and broadened the scope of our business. Today we are a
leading national energy company that is better positioned to
deliver real solutions for customers."
Southern Company's electric utilities have served customers and
communities in the Southeast for more than a century. With the
recent merger with Southern Company Gas, the Southern Company
system now operates in 18 states, serving more than 9 million
customers, with a continued focus on creating real energy solutions
to deliver clean, safe, reliable and affordable power.
Southern Company Gas is helping the Southern Company system best
meet customers' energy needs today while providing for the
development of tomorrow's energy infrastructure. For communities,
the combined company is expanding its customer-focused business
model. And for investors, the merger created a unique platform that
is well-positioned to compete for growth across the energy value
chain.
In addition, Southern Company recently acquired PowerSecure, a
leader in distributed infrastructure development that specializes
in the kinds of customer-facing energy solutions that are becoming
increasingly important to many customers across America.
Southern Company's new brand represents the first design change
in more than 20 years and is the result of research conducted by
engaging employees, company leaders and other stakeholders as part
of an extensive brand review.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company,
with 44,000 megawatts of generating capacity and 1,500 billion
cubic feet of combined natural gas consumption and throughput
volume serving 9 million electric and gas utility customers through
its subsidiaries. The company provides clean, safe, reliable and
affordable energy through electric utilities in four states,
natural gas distribution utilities in seven states, a competitive
generation company serving wholesale customers across America and a
nationally recognized provider of customized energy solutions, as
well as fiber optics and wireless communications. Southern Company
brands are known for excellent customer service, high reliability
and affordable prices that are below the national average. Through
an industry-leading commitment to innovation, Southern Company and
its subsidiaries are inventing America's energy future by
developing the full portfolio of energy resources, including
carbon-free nuclear, 21st century coal, natural gas,
renewables and energy efficiency, and creating new products and
services for the benefit of customers. Southern Company has
been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer,
recognized among the Top 50 Companies for Diversity by
DiversityInc, listed by Black Enterprise magazine as one of the 40
Best Companies for Diversity and designated a Top Employer for
Hispanics by Hispanic Network. The company has earned a National
Award of Nuclear Science and History from the National Atomic
Museum Foundation for its leadership and commitment to nuclear
development and is continually ranked among the top utilities in
Fortune's annual World's Most Admired Electric and Gas
Utility rankings. Visit our website at
www.southerncompany.com.
Cautionary Statements Regarding Forward-Looking
Information
This release contains forward-looking statements which are
made pursuant to safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking
statements include statements, among other things, concerning
the expected benefits of the merger, including potential future
growth across the energy value chain. These forward-looking
statements are often characterized by the use of words such as
"expect," "anticipate," "plan," "believe," "may," "should," "will,"
"could," "continue" and the negative or plural of these words and
other comparable terminology. Although Southern Company and
Southern Company Gas believe that the expectations reflected in
such forward-looking statements are reasonable, such statements
involve risks and uncertainties and undue reliance should not be
placed on such statements. Certain material factors or assumptions
are applied in making forward-looking statements, including, but
not limited to, factors and assumptions regarding the items
outlined above. Actual results may differ materially from those
expressed or implied in such statements. Important factors that
could cause actual results to differ materially from these
expectations include, among other things, the following: the
possibility that the anticipated benefits from the merger cannot be
fully realized or may take longer to realize than expected; the
possibility that costs related to the integration of Southern
Company and Southern Company Gas will be greater than expected; the
credit ratings of the combined company or its subsidiaries may be
different from what the parties expect; the ability to retain and
hire key personnel and maintain relationships with customers,
suppliers or other business partners; the diversion of management
time on integration-related issues; the impact of legislative,
regulatory and competitive changes; and other risk factors relating
to the energy industry, as detailed from time to time in each of
Southern Company's and Southern Company Gas' reports filed with the
Securities and Exchange Commission.
Additional information about these factors and about the
material factors or assumptions underlying such forward-looking
statements may be found in the body of this release, as well as
under Item 1.A. in each of Southern Company's and Southern Company
Gas' Annual Reports on Form 10-K for the fiscal year ended
December 31, 2015. Southern Company
and Southern Company Gas caution that the foregoing list of
important factors that may affect future results is not exhaustive.
When relying on forward-looking statements to make decisions with
respect to Southern Company and Southern Company Gas, investors and
others should carefully consider the foregoing factors and other
uncertainties and potential events. All subsequent written and oral
forward-looking statements concerning the transaction or other
matters attributable to Southern Company or Southern Company Gas or
any other person acting on their behalf are expressly qualified in
their entirety by the cautionary statements referenced above. The
forward-looking statements contained herein speak only as of the
date of this release. Neither Southern Company nor Southern Company
Gas undertakes any obligation to update or revise any
forward-looking statement, except as may be required by
law.
Logo -
http://photos.prnewswire.com/prnh/20080801/SOCOLOGO
Logo -
http://photos.prnewswire.com/prnh/20160711/388241LOGO
Logo -
http://photos.prnewswire.com/prnh/20150824/260452LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/southern-company-unveils-new-brand-300296540.html
SOURCE Southern Company