This year the Southern Company annual report says increased energy revenues were “primarily due to increases in renewable energy sales”, yet Southern Power is selling off a third interest in its solar facilities. Why? To pay off debt from its failed Big Bet on Plant Vogtle nukes, and its new Big Bet on stranded assets in natural gas pipelines. I don’t think the future lies that way, Tom Fanning, abandoning solar power and getting in bed with Sabal Trail.
10AM Wednesday, May 23, 2018
The Lodge Conference Center at Callaway Gardens,
4500 Southern Pine Drive, Pine Mountain, Georgia 31822
What: Southern Company Annual Stockholder Meeting
Facilities in Operation or Development as of March 20, 2018, Annual Report
Why would Southern Company sell off the assets that generated the most increase in revenue? On page 46: Continue reading