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OFFON

SOUTHERN COMPANY

(SO)
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Georgia Power Investing $75 Million in Racial Equity, Social Justice Efforts

05/24/2021 | 12:51pm EDT

By Stephen Nakrosis

Electric utility Georgia Power said Monday it and the Georgia Power Foundation plan to invest $75 million over a five-year period toward racial equity and social justice efforts in the state.

Georgia power said its efforts were part of a commitment by Southern Co., its parent company, and the company's charitable foundations to invest $200 million over five years to support such efforts.

Georgia power said it would distribute its money to support education equality, economic empowerment and criminal justice organizations.

Georgia Power also said it is building a team of 250 employees to help with mentoring activities across the state, part of its parent company's commitment to provide 5,000 mentors. The company said that by "sustaining a relationship between a youth and an adult through continued involvement, support and guidance, academics, career and life journey, youth are more likely to overcome more of life's hardships."

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

05-24-21 1250ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
SOUTHERN COMPANY -0.92% 63.87 Delayed Quote.3.97%
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Financials (USD)
Sales 2021 22 064 M - -
Net income 2021 3 412 M - -
Net Debt 2021 53 653 M - -
P/E ratio 2021 19,6x
Yield 2021 4,10%
Capitalization 67 627 M 67 627 M -
EV / Sales 2021 5,50x
EV / Sales 2022 5,36x
Nbr of Employees 27 839
Free-Float 99,7%
Chart SOUTHERN COMPANY
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Technical analysis trends SOUTHERN COMPANY
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Last Close Price 63,87 $
Average target price 66,76 $
Spread / Average Target 4,53%
EPS Revisions
Managers and Directors
Thomas A. Fanning Chairman, President & Chief Executive Officer
David P. Poroch Chief Financial Officer & Executive Vice President
Martin Bernard Davis Chief Information Officer
Mark Berry Head-Research & Development
Stanley W. Connally Executive Vice President-Operations
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