09/16/2021 | Press release | Distributed by Public on 09/16/2021 11:35
Hunton Andrews Kurth LLP advised the underwriters in the sale of €1.25 billion aggregate principal amount of Southern Company Series 2021B 1.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due September 15, 2081.
The Company is the parent company of three traditional electric operating companies, Southern Power Company, Southern Company Gas, PowerSecure Inc. and other direct and indirect subsidiaries. The traditional electric operating companies - Alabama Power Company, Georgia Power Company and Mississippi Power Company - are vertically integrated utilities providing electric service in three Southeastern states of the United States. Southern Power Company develops, constructs, acquires, owns and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas distributes natural gas through the natural gas distribution utilities in four states and is involved in several other complementary businesses including gas pipeline investments, wholesale gas services and gas marketing services. PowerSecure Inc. is a provider of energy solutions, including distributed energy infrastructure and energy efficiency products and services, to customers.
The Hunton Andrews Kurth team included Peter K. O'Brien, Steve Friend, Patrick Jamieson and Michelle G. Chan. Robert McNamara and TimStrother provided tax advice.