SO CEO Tom Fanning didn’t budge from nuclear and coal, but he did announce a tiger team to get on top of distributed solar and wind through a smart grid, headed by SO’s COO, at the 22 May 2013 Southern Company Stockholder Meeting.
Mr. John S. Quarterman from Lowndes County, Georgia, and he holds 220 shares of Southern Company.
TF: Hello, John. Good to see you again this year.
jsq: Hi. I’ve come to compliment Tom Fanning and Paul Bowers. Last year, Tom Fanning was so persuasive I ran out and bought $10,000 worth of stock.
TF: Bless you. [Applause]
However, apparently because of SO’s admission a few minutes before in that same meeting that it was going to have to eat Kemper Coal cost overruns, SO stock tanked that same day, causing my stock to stop out, and Standard & Poor’s downgraded SO the following day because of Kemper Coal, noting that if the same thing happened with SO’s nuclear project at Plant Vogtle, S&P’s would probably Continue reading