Southern Company and Ted Turner Partner to Explore Renewable Energy Projects

January 27, 2010 – Vol.14 No.45

Southern Company and Ted Turner Partner to Explore Renewable Energy Projects.

Initially, Southern Company and Turner will focus on developing and investing in large scale solar photovoltaic projects in the U.S. Southwest where solar resources are currently most efficient and in demand, with the goal of further commercializing the technology and making it more cost competitive.

"This alliance unites our common goal to explore and develop new renewable energy projects," said Southern Company CEO David Ratcliffe. "We have said for some time that renewable energy should play an increasing role in this country's energy mix and that Southern Company would seek opportunities to expand our renewable portfolio where it makes sense. This is evidence of that commitment."

"I've always been passionate about developing renewable energy, and I'm excited to join forces with Southern Company to explore our renewable energy potential," said Ted Turner, owner of Turner Renewable Energy. "Southern Company's experience in power project development, construction and operations, and customer relations help make this a strong alliance, and I look forward to working together."

Southern Company and Turner also may consider developing other renewable technologies. Turner is the largest individual landowner in North America with more than two million acres. The alliance will explore renewable projects both on Turner land as well as other suitable sites.

Southern Company, based in Atlanta, Georgia, with more than 4.4 million customers and more than 42,000 megawatts of generating capacity, serves the US the Southeast. (1/26/10)

Links:

Southern Company
http://www.southerncompany.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No