Southern Co. reports first quarter earnings of $368 million

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Southern Co., the parent company of Georgia Power and partial owner of Plant Vogtle, reported first quarter earnings of $368 million, or 42 cents a share, compared with $422 million, or 50 cents a share, in the first quarter of 2011.

First quarter revenues were $3.60 billion, compared with $4.01 billion a year earlier. The company said earnings were negatively affected by warmer-than-normal weather.

“Despite the effects of an unusually warm winter, we continue to see positive indications of economic growth in our service territory,” said Thomas A. Fanning, Southern Co.’s chairman, president and chief executive officer.

 
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