Southern Co. reports first quarter earnings of $368 million

  • Follow Local Business

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.


Top headlines

Commission rejects tax jump

Seven commissioners nixed a proposed tax increase Monday that would cost a typical homeowner $70 a year, leaving the countywide millage unset with just a few days to meet state deadlines.
Search Augusta jobs