NYSE:SOElectric Utilities
OpenAI Power Deal and Dividend Move Could Be A Game Changer For Southern (SO)
Earlier this week, The Southern Company declared a quarterly dividend of US$0.7600 per share payable on September 8, 2026, while its Georgia Power unit entered a 25-year agreement to supply electricity to OpenAI’s planned Georgia data center under a federally supported infrastructure plan.
The OpenAI deal, which has the customer covering all related infrastructure and service costs, underscores Southern’s role in powering energy-intensive AI data centers while supporting long-term grid...