Southern Company reports billion dollar profit in 2nd quarter

On a per-share basis, the Atlanta-based company said it had net income of $1.09 billion.Jennifer Finch and Kayla Woolwine, both Alabama Power customers, reached out to ABC 33/40 regarding their concern with rising power bill costs from Alabama Power.Finch is on budget billing and seeing rising costs that Alabama power tells her is due to the higher than usual power bill customers saw in January, during the cold weather.

"During the second quarter, we experienced higher-than-expected weather-adjusted electricity sales in our commercial customer class. These higher sales were driven by a combination of continued strength in our local economies, as well as increased usage by many of our existing data center customers," said Daniel Tucket, executive VP & CFO with Southern Company.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Southern Company profits soar as summer heat scorches SouthProfits at the parent of Alabama Power rose to $1.2 billion in the second quarter of 2024, an increase of more than 43% compared to last year.
Source: aldotcom - 🏆 82. / 68 Read more »

Company debuts vending machines selling ammunition in 3 Southern statesVending machines selling ammunition will now be in grocery stores in Alabama, Texas and Oklahoma, a move that has generated mixed feelings from officials in those states.
Source: cnnbrk - 🏆 393. / 55 Read more »

Cleveland-based company tops Ohio major company stock growth last weekFive major companies in the Greater Cleveland area experienced stock gains of at least 4% last week.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

Texas road marking company buys San Antonio's Flasher Equipment Co.Texas road marking company Centerline Technologies buys San Antonio's Flasher Equipment Company
Source: ExpressNews - 🏆 519. / 51 Read more »