Solar and nuclear are the fuels of the future.
I think Southern Co is well run, Southern Power acquired the 22-megawatt Butler Solar Farm in June 2015.Georgia Power purchases the energy generated from the 22-MW farm undera 20-year power purchase agreement, once they got into the solar game they have not looked back..... The largest U.S. solar farm is the 579-MW Solar Star project near ... Georgia Power, part of Southern Co . I follow Thomas A. Fanning the Chairman, Chief Executive Officer and President of Southern Company, and have always liked what he had to say. Southern Company's Safe & Reliable Nuclear Energy. Diversified Fuel Options. Resource Conservation. Safe Energy Across the US. Over 9 Million Customers. Custom Energy Solutions.
Argus lifted Southern Company [SO] price estimate as the stock keep going down.
Vogtle is actually two projects in one, with the first nuclear reactor projected to be in service in 2021 and the second following in 2022. There's no way to candy coat it -- the project is behind schedule, and materially over budget. The company's original contractor, Westinghouse, even went bankrupt along the way. Shareholders have taken a hit, too, with a number of one-time charges related directly to Vogtle. The most recent charge of $1.1 billion was taken in the second quarter. In short, it has been a rough ride.
I think they are going in the right direction, I'm holding 700 shares at 55.82 and they are on my shopping list, MCD was up 1.19 in the after hours, that will free up a lot of cash for me.
