Southern Company (NYSE:SO) won a 25-year Georgia Power deal with OpenAI to supply an Effingham County data center while OpenAI funds infrastructure and offers flexible demand response, even as SO declared a $0.76 quarterly dividend (79-year streak) and was downgraded to Underweight by KeyBanc.
Previous Week Recap
- Georgia Power Signs OpenAI Deal: Southern Company unit Georgia Power signed a 25-year power supply deal with OpenAI for a planned Effingham County data center; OpenAI will fund infrastructure and provide flexible demand response.
- Southern Company Dividend Declared: Southern Company (SO) announced a $0.76 quarterly dividend per share, payable Sept. 8, 2026, to holders of record on Aug. 17, 2026; consecutive dividend streak hits 79 years.
- KeyBanc Downgrades Southern Company: KeyBanc downgraded Southern Company (SO) to Underweight at 11:53 GMT. No price target, earnings revision, timeline, or analyst comments were provided.
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