Hunton Advises on The Southern Company’s Equity Offering
Hunton Andrews Kurth LLP advised the underwriters on The Southern Company’s (the “Company”) SEC-registered offering of 40,000,000 equity units (initially consisting of 40,000,000 corporate units).
The Company is the parent company of three traditional electric operating companies, Southern Power Company and Southern Company Gas. The traditional electric operating companies – Alabama Power Company, Georgia Power Company, and Mississippi Power Company – are each operating public utility companies providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. Southern Power is also an operating public utility company. Southern Power develops, constructs, acquires, owns, operates, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas in four states – Illinois, Georgia, Virginia, and Tennessee – through its natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.
The Hunton team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Monika M. Dziewa, and Ryan Metz. Robert McNamara and William Freeman provided tax advice. Leslie Okinaka provided ERISA advice.
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