- Published: August 2011
- Region: Georgia, Georgia
Southern Co. Nov 07
- Published: November 2007
- Standard & Poors
Stable cash flows from expanding, regulated utility operations; Regulated utility operations are in constructive regulatory environments; Large and diverse customer base with attractive demographics and above-average customer growth; Geographic diversity with operations in four states in the Southeast; and Strong plant operations, supported by the Southern Power Pool. Significant capital spending for new generation, transmission and distribution to address customer and load growth and compliance with evolving environmental standards given the company's heavy reliance on coal; and Lack of automatic fuel recovery clause at largest subsidiary Georgia Power Co. can cause fuel cost deferrals unless recovered in a timely manner. The ratings on Southern Co. and its subsidiaries Alabama Power Co. (APC), Georgia Power Co.(GPC), Gulf Power Co. (5%), and...
Companies mentioned in this report are: Southern Co.,Alabama Power Co.,Georgia Power Co.,Gulf Power Co.,Mississippi Power Co.,Savannah Electric & Power Co.,Southern Power Co.
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Southern Co.,Alabama Power Co.,Georgia Power Co.,Gulf Power Co.,Mississippi Power Co.,Savannah Electric & Power Co.,Southern Power Co.