Southern company subsidiary acquires east pecos solar facility in texas

ATLANTA, March 7, 2016 /PRNewswire/ — Southern Company subsidiary Southern Power today announced the acquisition of the company’s second solar project in Texas and its 35 th generating facility overall – the 120-megawatt (MW) East Pecos Solar Facility.

“Southern Power’s acquisition of the East Pecos Solar Facility underscores the company’s commitment to strategically develop renewables across America,” said Southern Company Chairman, President and CEO Thomas A. La gas prices average Fanning. Electricity trading hedge funds “This project aligns with its conservative business model as Southern Power has built one of the nation’s largest renewable energy portfolios.”

The East Pecos Solar Facility will be located on approximately 1,000 acres in Pecos County and is expected to consist of approximately 1.2 million of First Solar’s thin-film, photovoltaic solar modules mounted on single-axis tracking tables.

First Solar is building and will operate and maintain the facility. V gashi 2013 Construction began in February and the facility is expected to reach commercial operation in the fourth quarter 2016.

The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a 15-year power purchase agreement with Austin Energy, which will have the option to keep or sell the RECs.

On Nov. Electricity billy elliot broadway 30, 2015, Southern Power announced the acquisition of a controlling interest in its first solar project in Texas – the 157-megawatt Roserock Solar Facility.

With more than 1,900 MW of renewable generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic development of 26 solar, wind and biomass projects either in operation or under development across the United States. Electricity definition science In all, the Southern Company system has added or announced more than 3,800 MW of renewable energy projects since 2012.

The East Pecos Solar Facility fits Southern Power’s business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.

Southern Power, a subsidiary of Southern Company, is a leading U.S. Electricity resistance questions wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives and investor-owned utilities. Z gas el salvador Southern Power and its subsidiaries own or have the rights to 35 facilities operating or under construction in nine states with more than 10,500 MW of generating capacity in Alabama, California, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma and Texas.

With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. Electricity symbols and units A leading U.S. B games car producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Electricity sources in canada Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Gas zone Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America’s energy future by developing the full portfolio of energy resources, including nuclear, 21 st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. V gashi 2015 Department of Defense and G.I. Gas ark Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics by Hispanic Network. Pictures electricity pylons The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune’s annual World’ s Most Admired Electric and Gas Utility rankings. Electricity outage houston tx Visit our website at www.southerncompany.com.

Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. O gastronomo buffet Forward-looking information includes, among other things, statements concerning the construction and subsequent operation of the East Pecos solar facility. Electricity for refrigeration heating and air conditioning 9th edition pdf Southern Company and Southern Power caution that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. Gas dryer vs electric dryer hookups The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. Electricity laws in india The following factors, in addition to those discussed in each of Southern Company’s and Southern Power’s Annual Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Ortega y gasset revolt of the masses Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.