The Southern Company

SOMN

$47.98

-0.54%

2026-09-04 13:00:59 EDT-$0.26

Utilities

Regulated Electric

NYSE

활발히 거래 중

Established in 1946 and headquartered in Atlanta, Georgia, The Southern Company operates as a diversified energy utility. Its primary activities involve the ...

상류

Siemens Energy AG

Westinghouse Electric Company

Vestas Wind Systems A/S

Wärtsilä Corporation

Peabody Energy Corporation

Siemens Energy AG

XETRA:ENR

Power transformers (200+ delivered), energy management systems (Spectrum Power EMS), grid automation equipment

GE Vernova Inc.

NYSE:GEV

Gas turbines for combined cycle plants, wind turbines for Southern Power, carbon capture technology partnership at Alabama Power's Barry Plant

Westinghouse Electric Company

Nuclear fuel assemblies (LEU+ and HALEU fuel rods) for Plant Vogtle Units 2-4 and Plant Hatch; AP1000 reactor technology

Kinder Morgan Inc.

NYSE:KMI

50/50 joint venture owner/operator of Southern Natural Gas (SNG) pipeline system — 7,600-mile network supplying gas to Southern Company power plants and distribution utilities

Vestas Wind Systems A/S

CPH:VWS

Wind turbine equipment supplier for Southern Power wind energy projects

하류

생산물을 소화하는 고객, 유통사, OEM 및 판매 채널.

하류

Residential Electric Customers (~4.6M households)

Residential Gas Customers (~4.4M households)

Commercial & Industrial Customers (Southeast US)

Compass Datacenters

Municipal Electric Utilities & Electric Cooperatives (Southeast US)

Residential Electric Customers (~4.6M households)

Regulated retail electric service via Alabama Power, Georgia Power, Mississippi Power · 32.0%

Residential Gas Customers (~4.4M households)

Regulated natural gas distribution via Southern Company Gas subsidiaries (Atlanta Gas Light, Virginia Natural Gas, etc.) · 18.0%

Commercial & Industrial Customers (Southeast US)

Retail electric and gas service for businesses, manufacturers, and institutions across AL, GA, MS, and gas territories · 25.0%

Alphabet Inc. (Google)

NASDAQ:GOOGL

Hyperscale data center customer in Georgia (Monroe County data centers) and Alabama — among largest electric load customers

Microsoft Corporation

NASDAQ:MSFT

Hyperscale data center customer — major electric load in Georgia service territory for Azure / AI infrastructure

대체 기업

분석에서 대표로 사용하는 상장 비교 기업 및 모니터링 종목.

대체 기업

The Southern Company (Common Stock)

The AES Corporation

The Southern Company (Common Stock)

NYSE:SO

Primary equity vehicle for the same underlying business — SOMN is a fixed-income/equity hybrid unit; SO is the pure common equity proxy with full exposure to the utility's operations and supply chain

NextEra Energy Inc.

NYSE:NEE

Largest US utility by market cap with regulated electric distribution in Florida and massive renewable/wholesale energy (NextEra Energy Resources) — comparable business model with similar equipment supply chains (wind turbines, solar panels, gas turbines)

Duke Energy Corporation

NYSE:DUK

Large US Southeast utility holding company with regulated electric utilities in NC, SC, FL, and gas distribution — same region, similar fuel mix, overlapping equipment and fuel suppliers

The AES Corporation

NYSE:AES

Vertically integrated power generation and utility company with large renewable/wholesale portfolio — relevant proxy for Southern Power's wholesale and renewable supply chain dynamics

지역

공급망을 왜곡할 수 있는 지역별 노출.

지역

Southeast United States (AL, GA, MS, FL panhandle)

Gulf of Mexico / Onshore US Basins

Global Uranium Supply Chain (Canada, Kazakhstan, Namibia)

Georgia Power Company

Alabama Power Company

Mississippi Power Company

Kinder Morgan Inc.

Cameco Corporation

Southeast United States (AL, GA, MS, FL panhandle)

Hurricane and extreme weather risk to generation & transmission assets

Georgia Power CompanyRegulated electric utility subsidiary — serves 2.7M customers across Georgia

Alabama Power CompanyRegulated electric utility subsidiary — serves 1.5M customers across Alabama

Mississippi Power CompanyRegulated electric utility subsidiary — serves ~200K customers in southeastern Mississippi

Gulf of Mexico / Onshore US Basins

Natural gas supply dependence on Gulf production and midstream infrastructure

Kinder Morgan Inc.NYSE:KMI50/50 JV partner on Southern Natural Gas pipeline — key gas transport for power plants and gas distribution

Global Uranium Supply Chain (Canada, Kazakhstan, Namibia)

Nuclear fuel supply dependence on foreign uranium mining and enrichment

Cameco CorporationNYSE:CCJUranium supplier to Westinghouse — Canadian producer (49% Westinghouse owner) providing U3O8 for Southern Nuclear fuel

집중도

공급망을 왜곡할 수 있는 고객, 공급업체 또는 파트너 집중 노출.

Fuel

High

Fuel supply concentration — ~50% of generation from natural gas exposes Southern to Henry Hub price volatility and pipeline constraints; ~20% coal exposes to regulatory phase-out risk and declining coal mine capacity

Nuclear

High

Nuclear concentration — 8 units (~20% of generation) served by single nuclear fuel fabricator (Westinghouse) for fuel assemblies; single-source risk for AP1000 replacement parts and HALEU fuel

Equipment

Critical

Large power transformer supply bottleneck — Siemens Energy (XETRA:ENR) is primary supplier with long lead times (18-24 months); limited alternative vendors for extra-high-voltage transformers

Customer

Medium

Data center customer concentration — Google, Meta, Microsoft, and Compass represent rapidly growing share of load in Georgia; single large customer demand swings could strain capacity planning

Other

Critical

Regulatory dependency — revenue and capital recovery dependent on state PSC approvals (Georgia PSC, Alabama PSC, Mississippi PSC); Plant Vogtle cost overruns ($30B+) created regulatory tension

매출 구성

대상 기업의 매출 구성이 공급망 영향력과 의존도로 이어지는 방식.

Electric Utilities (Alabama Power, Georgia Power, Mississippi Power — regulated retail)

63.9%

$18.9B

Drives demand for coal, gas, and nuclear fuel procurement; grid equipment (transformers, switchgear, conductors); and plant maintenance services. The largest procurement category.

Southern Power (Wholesale Energy & Generation)

11.8%

$3.5B

Drives procurement of wind turbines (Siemens, Vestas), gas turbines (GE Vernova, Wärtsilä), and solar panels for independent power projects sold to municipalities and cooperatives.

Southern Company Gas — Distribution Operations

15.0%

$4.4B

Drives natural gas procurement from Gulf of Mexico and on-shore producers, pipeline capacity (Kinder Morgan JV), and gas distribution infrastructure (meters, pipes, regulators).

Southern Company Gas — Marketing Services

2.0%

$0.6B

Requires access to wholesale gas trading platforms and storage facilities; limited direct equipment procurement.

Southern Company Gas — Pipeline Investments (50% SNG JV)

0.1%

$0.0B

Capital-intensive pipeline infrastructure; steel pipe, compressor stations, and right-of-way services from pipeline construction suppliers.

회사 소개개인정보 처리방침서비스 약관면책 조항종목 디렉터리ETF지수13F 보유 종목목표주가무료 도구기술 지도Slack 참여하기

Plutux는 투자자문업자가 아닙니다. 시장 데이터와 AI가 생성한 분석은 정보 제공 및 교육 목적일 뿐 투자 자문이 아닙니다. 면책 조항

The Southern Company

SOMN 공급망

상류

Siemens Energy AG

GE Vernova Inc.

Westinghouse Electric Company

Kinder Morgan Inc.

Vestas Wind Systems A/S

Wärtsilä Corporation

BWX Technologies Inc.

Peabody Energy Corporation

View More

하류

Residential Electric Customers (~4.6M households)

Residential Gas Customers (~4.4M households)

Commercial & Industrial Customers (Southeast US)

Alphabet Inc. (Google)

Microsoft Corporation

Meta Platforms Inc.

Compass Datacenters

Municipal Electric Utilities & Electric Cooperatives (Southeast US)

View More

대체 기업

The Southern Company (Common Stock)

NextEra Energy Inc.

Duke Energy Corporation

The AES Corporation

지역

Southeast United States (AL, GA, MS, FL panhandle)

Gulf of Mexico / Onshore US Basins

Global Uranium Supply Chain (Canada, Kazakhstan, Namibia)

SOMN 공급망

상류

Siemens Energy AG

GE Vernova Inc.

Westinghouse Electric Company

Kinder Morgan Inc.

Vestas Wind Systems A/S

Wärtsilä Corporation

BWX Technologies Inc.

Peabody Energy Corporation

View More

하류

Residential Electric Customers (~4.6M households)

Residential Gas Customers (~4.4M households)

Commercial & Industrial Customers (Southeast US)

Alphabet Inc. (Google)

Microsoft Corporation

Meta Platforms Inc.

Compass Datacenters

Municipal Electric Utilities & Electric Cooperatives (Southeast US)

View More

대체 기업

The Southern Company (Common Stock)

NextEra Energy Inc.

Duke Energy Corporation

The AES Corporation

지역

Southeast United States (AL, GA, MS, FL panhandle)

Gulf of Mexico / Onshore US Basins

Global Uranium Supply Chain (Canada, Kazakhstan, Namibia)