Two pension funds that helped topple ExxonMobile’s management team Wednesday were part of an unsuccessful effort that last year sought a new leadership structure at Southern Co. in an attempt to bring about more dramatic action on climate change.
Tag: Southern
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Plant Vogtle’s latest delay prompts negative comment on Georgia Power: Moody’s
This story has been updated with comments from Georgia Power.
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Southern Co. governance, shifting sands of Democrats’ environmental agenda
Atlanta-based Southern Co. may be an early example of a power producer criticized by environmentalists for its pledge to comply with a provision of the Paris climate accord. Meanwhile, Joe Biden and the Democrats are trying to devise a climate platform to take on President Trump – one that satisfies the party’s centrist and progressive views on fossil fuels.
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Southern Co. retains credit rating in part by selling assets exceeding $4.7 billion
The Southern Co.’s aggressive sales of assets helped it retain its credit rating, despite financial losses at Georgia Power that relate to Plant Vogtle. Those losses prompted Moody’s Investors Service to downgrade Georgia Power’s credit rating.
