Southern Company`s Web site to broadcast management remarks on second quarter performance
ATLANTA Southern Company, the largest generator of electricity in the United States, today announced a new investor feature on its award-winning Web site. On July 20, the company will post a recording of management comments on the companys second quarter performance and every quarter thereafter will provide management remarks on the Internet.
Southern Company continues to try to make it easier for all investors to get information on our company, said W. Larry Westbrook, the companys chief financial officer. Were using the Internet to more broadly disseminate information about our quarterly performance and issues affecting the business.
Southern Companys Web site received the 1998 and 1999 Select Site Award from the Dow Jones Business Directory, whose primary function is to show investors where quality business information timely, in-depth and accurate can be found on the Web. Southern Companys investor site includes everything from a power lunch with the CEO discussing the companys new trading office in Amsterdam to key reports and filings that help investors make informed decisions.
Information about the companys direct stock purchase program, the Southern Investment Plan (SIP), also can be found on the Web site along with the quarterly shareholder reports and the annual report. Beginning next week with the release of its second quarter results, the company also will post a package of detailed financial information that provides further information for investors.
Southern Company currently has nearly 700 million shares outstanding. Institutional investors hold about 39 percent of Southern Companys shares. Retail investors hold another 50 percent, and employees and directors hold 11 percent.
To hear managements remarks about second quarter performance which will be posted at 1 p.m. EDT July 20 click on the audio icon at www.southernco.com/site/financial/earnings.asp. A package of detailed financial information, including the companys second quarter earnings news release, will be available on the site at 1 p.m. July 19.
Southern Company (NYSE: SO) is an international energy company with more than $35 billion in assets through regional utilities and operations around the world. It is the largest producer of electricity in the United States and one of the worlds leading independent power producers. Based in Atlanta, Southern Company is the parent firm of Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric. Through its Southern Energy Inc. subsidiary, Southern Company supplies electricity in 10 countries on four continents and has a growing presence in North America with assets in the Northeast, the Midwest, California and Texas. Southern Company also provides energy-related marketing, trading and technical services in the United States and Europe and offers Southern LINC wireless telecommunications.