Southern Company's Natgas Pipeline Acquisition Pays Off in 2016
SUGAR LAND--February 23, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Southern Company (NYSE:SO) (Atlanta, Georgia) benefited from solid retail revenues and a string of acquisitions in 2016, although it had to overcome higher operational and maintenance costs, as well as weak performances in Southern's regional electric subsidiaries. Most of Southern's revenue gains in the fourth quarter came from Southern Natural Gas Company LLC, its new natural gas pipeline partnership with Kinder Morgan (NYSE:KMI). Industrial Info is tracking nearly $30 billion in active projects involving Southern, as well as $4.14 billion in projects involving Southern Natural Gas Company LLC.
Within this article: Details on Southern's tricky year and its some of its most promising projects, including those involving Southern Natural Gas Company LLC.
