Standard & Poor’s lowered Southern Company’s rating from stable to negative
because of the risks of Kemper Coal in Mississippi, and SO’s stock price plummetted.
This was immediately after
activists grilled SO on that and other topics
at the
SO stockholder meeting.
Wait ’till S&P catches on to the risks of SO’s
19-months-late and $1 billion-over-budget nukes at Plant Vogtle in Georgia!
Or SO’s non-action so far on
the challenge of distributed solar.
Kristin Jones wrote for WSJ 24 May 2013,
S&P Lowers Outlook on Southern Co., Noting Project Risks,