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Southern Company Takes Hit for Coal-to-Gas Power Plant Overruns in First-Quarter 2014, but Cold Winter Warms Profits, an Industrial Info News Alert

SUGAR LAND, TX -- (Marketwired) -- 05/01/14 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Southern Company (NYSE:SO) (Atlanta, Georgia) said Wednesday it took an after-tax charge of $235 million relating to cost overruns by its Kemper integrated gasification combined cycle (IGCC) power project in Mississippi. Despite the charge, the power company reported its net earnings rose fourfold to $351 million, from $81 million in first-quarter 2013, largely as a result of the unusually cold winter this year. Industrial Info is tracking about $6 billion in projects involving Southern Company, including the Kemper project.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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