Hunton Andrews Kurth Advises on The Southern Company’s Equity Units Offering

Time 2 Minute Read
August 16, 2019
News

Hunton Andrews Kurth LLP advised the underwriters on The Southern Company’s (the “Company”) SEC-registered offering of 34,500,000 equity units (initially consisting of 34,500,000 corporate units). The offering represented the Company’s inaugural equity units issuance.

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 Bud Ellis, Steven Friend, Patrick Jamieson and Michelle ChanRobert McNamara provided tax advice and Leslie Okinaka provided ERISA advice.

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