July 25, 2014 4:41 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Southern Power Company

Company Overview

Southern Power Company acquires, constructs, owns, and manages generation assets, primarily renewable energy projects. The company sells electricity in the wholesale market to investor-owned utilities, independent power producers, municipalities, and electric co-operatives. It owns and operates 15 facilities with approximately 8,700 megawatts of generating capacity operating or under construction in Alabama, California, Florida, Georgia, Nevada, North Carolina, Texas, and New Mexico. The company was founded in 2001 and is based in Atlanta, Georgia. Southern Power Company operates as a subsidiary of Southern Company.

30 Ivan Allen Jr. Boulevard, N.W.

Atlanta, GA 30308

United States

Founded in 2001

Phone:

404-506-5000

Key Executives for Southern Power Company

Chief Executive Officer
Chief Financial Officer
Age: 44
Executive Vice President
Age: 61
Executive Vice President
Age: 64
Executive Vice President
Age: 65
Compensation as of Fiscal Year 2014.

Southern Power Company Key Developments

Southern Power Announces Earnings Results for the First Quarter Ended March 31, 2014

Southern Power announced earnings results for the first quarter ended March 31, 2014. For the quarter, operating revenues were $351 million compared to $303 million a year ago. Earnings before income taxes were $37 million compared to $44 million a year ago. Net income available to common shares was $33 million compared to $29 million a year ago.

Southern Power Co. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Southern Power Co. announced earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported operating revenues of $300 million compared to $292 million a year ago. Earnings before income taxes were $32 million compared to $48 million a year ago. Net income available to common shareholders was $24 million compared to $31 million a year ago. For the year, the company reported operating revenues of $1,275 million compared to $1,186 million a year ago. Earnings before income taxes were $211 million compared to $268 million a year ago. Net income available to common shareholders was $166 million compared to $175 million a year ago.

Southern Power Company Announces Executive Changes

Southern Power Company announced that Chris Cummiskey would leave to become chief commercial officer of the company. Nathan Deal named Chris Carr, formerly chief of staff for U.S. Sen. Johnny Isakson, as Cummiskey's replacement.

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Merger/Acquisition
May 23, 2014
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