Jefferies Downgrades Southern Co., Georgia Power Faces Scrutiny
Update: 2025-11-05
Description
Jefferies downgrades Southern Company's stock from 'Buy' to 'Hold' following Georgia's Public Service Commission election, which could lead to increased scrutiny of Georgia Power's rate-setting process and resource approvals. Despite potential growth opportunities, the new three-to-two Republican-to-Democrat split on the Commission may result in more disagreements in future rate cases. Meanwhile, the recent U.S. elections hint at broader political effects, with potential investment in energy storage and renewable projects in New Jersey and new risks for Dominion Energy in Virginia.
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