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Stock impact report

A Century-Old Company The Government Owns Wants To Solve A Big Energy Problem [Yahoo! Finance]

Southern Company (The) (SO) 
Last southern company (the) earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The goal: Usurp Russia's near monopoly on atomic energy exports, and keep China from gaining control of yet another green energy industry. But there's one big problem: The U.S. isn't even building any more reactors at home. After nearly 15 years of billion-dollar cost overruns and delays, the utility giant Southern Company just hooked the second of two new reactors at a power plant in Georgia up to the grid this week — the only two atomic energy units built from scratch in the U.S. in decades. Developers are shopping around all kinds of novel designs for new-age nuclear plants. Yet few utilities can afford — or persuade investors to put up the cash for — projects that can take a decade or more to complete. Luckily for President Joe Biden, the federal government owns a massive power utility specifically designed to deploy large-scale infrastructure that remains out of reach for the market's invisible hand. But building new megaprojects means borrowing money — and Congress hasn't Show less Read more
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