Southern Co.
DOE said about 2 million customers still were without power after Hurricane Helene knocked out power to about 6 million across 10 states stretching from Florida to Ohio.
Members of the Southeast Energy Exchange Market argued to FERC that the market is beneficial to customers and should be allowed to continue.
FERC requested stakeholder arguments on whether SEEM should be considered a loose power pool under Order 888.
Economic growth in the Southeast fueled first-quarter earnings of more than $1.1 billion, Southern Co. executives said.
Southern Co. is forecasting 5 to 7% annual earnings growth thanks to a robust economy in Georgia.
Critics of the Southeast Energy Exchange Market say after a year of operations, it has failed to meet many of the promises of its sponsors.
FERC conditionally accepted Southern Company's compliance filing on its rate protocols but said more work is needed to make the protocols just and reasonable.
Southern Co. said that Unit 3 at Vogtle nuclear plant in Ga. suffered yet another delay and is not expected to come online until at least the second quarter.
Southern Co. announced that CEO Tom Fanning is set to step down from most of his roles, and Georgia Power CEO Chris Womack has been tapped as his successor.
State regulators and consumer advocates urged FERC to order increased oversight over transmission owners' planning and spending.
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