", "Critical infrastructure businesses like ours never take a day off," added Fanning. The company's original contractor, Westinghouse, even went bankruptalong the way. Earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019. About Southern CompanySouthern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. Earnings for the three months ended March 31, 2020 and 2019 include Wholesale Gas Services business results. This decrease was primarily due to lower fuel costs. Search the Southern Nuclear Operating Company, Inc. business page in Columbia , AL at DandB.com. Cautionary Note Regarding Forward-Looking Statements: At $31 billion, Southern, based in Atlanta, is the biggest utility in the country by market value. First quarter 2020 operating revenues were $5.02 billion, compared with $5.41 billion for the first quarter of 2019, a decrease of 7.3 percent. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package. For the three months ended March 31, 2020 and 2019, dilution does not change basic earnings per share by more than $0.02 and is not material. "Southern Company's strong start to 2020 will be beneficial as we look to overcome sales impacts from the coronavirus," said Chairman, President and CEO Thomas A. Fanning. - See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. Acquisition and disposition impacts included in earnings for the three months ended March 31, 2020 primarily include a $39 million pre-tax gain ($23 million after-tax) on the sale of Plant Mankato and for the three months ended March 31, 2019 primarily include a preliminary $2.5 billion pre-tax gain ($1.3 billion after tax) on the sale of Gulf Power Company. Our similar businesses nearby shows similar businesses in their industry and region based on information found in their Dun & Bradstreet Credibility Review profile. If this data is unavailable or inaccurate and you own or represent this business. In short, it has been a rough ride. DTE to Shed a Business Unit in Move to Become a Pure-play Electric and Gas Utility, Netherlands wants to create hydrogen trade platform, http://investor.southerncompany.com/webcasts, http://www.prnewswire.com/news-releases/southern-company-reports-first-quarter-2020-earnings-301049878.html, Learn more about posting on Energy Central », AEP Energy to purchase all output from 50 MW Columbus Solar Park. New England govs demand more from power grid operator. New Hampshire has just one coal plant left, Merrimack Station, which has a shrinking capacity factor. This decrease was primarily due to lower fuel costs. The twin reactors are the only new construction of Gen III+ designs currently underway in the U.S. Earnings for the three months ended March 31, 2020 and 2019 include Wholesale Gas Services business results. To learn more, visit www.southerncompany.com. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Jobs magazine, DiversityInc, Black Enterprise, Fortune's "World's Most Admired Companies" list, Forbes and the Women's Choice Award. The most recent charge of $1.1 billion was taken in the second quarter. Subscribe today to the Daily Power Industry Newsletter for the most up-to-date and relevant utility industry news. A replay of the webcast will be available on the site for 12 months. ATLANTA, April 30, 2020 /PRNewswire/ -- Southern Company today reported first-quarter 2020 earnings of $868 million, or 82 cents per share, compared with $2.08 billion, or $2.01 per share, in the first quarter of 2019. A replay of the webcast will be available on the site for 12 months. All rights reserved. View original content to download multimedia:http://www.prnewswire.com/news-releases/southern-company-reports-first-quarter-2020-earnings-301049878.html. Explore the D*B Business Directory to find other companies. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Corporate Responsibility - Our mission to provide clean, safe, reliable and affordable energy is about more than our bottom line. Forward-looking information includes, among other things, statements concerning the anticipated impacts of the COVID-19 pandemic. Wind turbines pros and cons debated in KMA forum #IA. Shareholders have taken a hit, too, with a number of one-time charges related directly to Vogtle. Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Double the Donation helps nonprofits increase revenue by providing technology and resources to take advantage of matching gift programs at companies like Southern Nuclear Operating Company. The technical argument in this post is incorrect. Your access to Member Features is limited. Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings and provide a general business update. Curated power industry news from thousands of top sources. Earnings drivers for the first quarter 2020 were positively influenced by constructive regulatory actions completed at the company's state-regulated utilities in 2019, partially offset by mild weather. It is not long for this world. Earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019. Most employees had relatives working there. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. Additional information is available at www.southernco.com or by contacting Richard Hill at (334) 899-5156. To date, our operational performance during this challenging time has been exceptional, and we have not experienced – nor do we anticipate – any significant supply chain disruptions for our utilities or construction efforts. This site is protected by reCAPTCHA and the Google Will Utility Stocks Become "Less Boring" In the Future? To date, our operational performance during this challenging time has been exceptional, and we have not experienced – nor do we anticipate – any significant supply chain disruptions for our utilities or construction efforts. Net Income - Excluding Items (in millions), Estimated Loss on Plants Under Construction, Average Shares Outstanding – (in millions), Basic Earnings Per Share – Excluding Items. In a tough vote the Georgia Commission voted unanimously to give a conditional” approval for completion of the Vogtle 3 & 3 AP1000 nuclear reactors now under construction in Georgia. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. Southern Company's first quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com . The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: Earnings for the three months ended March 31, 2020 and 2019 include charges, associated legal expenses, and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi.