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Company profile page for PowerSouth Energy Cooperative including stock price, company news, executives, board members, and contact information.
8 Δεκ 2020 · PowerSouth Energy Cooperative's A3 senior secured rating reflects the stability and predictability of its revenues generated under wholesale power contracts with its members and the board...
PowerSouth Energy Cooperative, headquartered in Andalusia, Ala., is a generation and transmission (G&T) electric cooperative that provides wholesale power to 16 electric cooperatives and four municipal electric systems in Alabama and northwest Florida.
29 Ιαν 2020 · PowerSouth's power supply is evolving, with the planned closure of its Lowman coal-fired generating plant in 2020, the addition of the MEAG-PPA in 2021-2022, and the construction of the natural gas-fired combined cycle unit in 2023. PowerSouth's energy mix is projected to shift to mostly natural gas- and nuclear-powered resources in 2023.
25 Ιουν 2020 · The ‘BBB+’ rating reflects PowerSouth’s projected maintenance of a midrange financial profile through a period of considerably higher purchased power costs and rising debt requirements. Purchased power costs are projected to rise due to a purchased power agreement (PPA) with MEAG Power for a portion of the output from the new Vogtle ...
31 Οκτ 2023 · PowerSouth Energy Cooperative is a generation and transmission electric cooperative focused on providing wholesale power. The company offers reliable, competitively priced wholesale electricity, primarily sourced from fossil fuels, to its member distribution systems.
28 Φεβ 2022 · With the expected completion of PowerSouth's natural gas-fired Lowman Energy Center in 2023, the cooperative will have higher offsystem surplus energy sales. These offsystem sales, which are subject to market price and volume risks, are projected to contribute to the majority of net margin beyond 2023.
