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4-Traders Homepage  >  Equities  >  Nyse  >  Southern Co    SO

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Southern : Warning sirens to be tested

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02/21/2017 | 09:29pm CET

Alabama Power will test warning sirens installed downstream of Lay and Mitchell dams on Tuesday, Feb. 28. The sirens will be sounded at or around noon and will be preceded by a voice announcement.

The sirens are in place to warn residents living downstream of the dams in the unlikely event of a structural failure. Residents do not need to take any action when the siren test takes place.

'We do this every year, to ensure the system is operating as it should,' said Herbie Johnson, Hydro general manager. 'It is also one of the many requirements of the Federal Energy Regulatory Commission, which licenses our dams. The safety of our hydroelectric facilities and the safety of the public are our top priorities.'

The sirens are located less than a mile downstream from the dams. They are separate from the horns on the dams, which warn the public about sudden water discharges when a turbine is activated or a spillway gate is opened.

Please visit www.apcshorelines.com to learn more about Alabama Power reservoirs and for information about lake conditions, dam generation schedules and shoreline issues.

Southern Company published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 20:29:07 UTC.

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Financials ($)
Sales 2016 18 836 M
EBIT 2016 5 020 M
Net income 2016 2 637 M
Debt 2016 39 831 M
Yield 2016 4,60%
P/E ratio 2016 16,93
P/E ratio 2017 16,18
EV / Sales 2016 4,63x
EV / Sales 2017 4,03x
Capitalization 47 314 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 50,7 $
Spread / Average Target 5,1%
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Managers
NameTitle
Thomas A. Fanning Chairman, President & Chief Executive Officer
Kimberly S. Greene Chief Operating Officer & Executive Vice President
Arthur P. Beattie Chief Financial Officer & Executive Vice President
Warren A. Hood Independent Director
Donald M. James Independent Director
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