Back to top

Analyst Blog

Alabama Power Co. – a unit of Atlanta-based electric utility firm Southern Co. (SO - Analyst Report) – entered into a power purchase deal with Kansas-based wind power developer TradeWind Energy, LLC. Per the agreement, 202 megawatts (MW) of electricity will be delivered from the Buffalo Dunes wind farm in Kansas across five states to communities in Alabama.

Earlier in September, the 20 year power purchase deal and all related renewable energy credits (RECs) received the approval of the Alabama Public Service Commission.

The project will span 42,000 acres and will be hosted by more than 120 landowners based in Haskell, Grant and Finney Counties in Kansas.

The deal will enable Alabama Power to supply the electricity generated from the wind project to serve its customers and consequently retire RECs. It can also sell the electricity and the RECs to third parties, jointly or separately.

The Buffalo Dunes Wind Project will involve an investment of about $300 million. Commercial operations are expected to start in December 2013. The capacity of the wind farm would be 200 to 405 MW upon its completion.

This project exemplifies the inherent growth potential of Midwest wind resources to serve the power requirements of consumers in eastern United States.

Southern Company – one of the largest generators of electricity in the nation along with the likes of Exelon Corporation (EXC - Analyst Report) and Duke Energy Corporation (DUK - Analyst Report) – serves both regulated and competitive markets across Southeastern U.S. It is a holding company for four regulated Southern electric utilities that serve about 4.4 million customers – Georgia Power, Alabama Power, Gulf Power and Mississippi Power.

Southern Company has a Zacks #3 Rank (Hold rating) for the short term. We are Neutral on the shares for the longer term.


Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%