Southern Company Annual Profit Hits $1.98 Billion
Press release from the issuing company
Thursday, January 27th, 2011
Southern Co. on Wednesday reported a 21 percent jump in annual profit and announced plans to spend $17 billion to grow its energy producing infrastructure.
The Atlanta-based energy giant said it saw its profit rise in 2010, benefiting from consistently warmer-than-normal weather in the summer months and consistently colder-than-normal weather in the winter months -- a pattern not seen since the late 1970s.
