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Georgia Power – the largest affiliate of electric utility Southern Company (SO - Analyst Report) – announced that it is assisting Piedmont College to reduce aggregate cost through Georgia Power’s Commercial Energy Efficiency program.
Through this program, the school will be able to utilize energy efficiently by upgrading its lighting, making it more energy efficient. Piedmont College has already completed lighting retrofit of 13 buildings located in the Demorest campus.
Georgia Power management estimates that Piedmont College will be able to save greater than $6,000 per year by utilizing energy efficient bulbs.
Georgia Power’s Commercial Energy Efficiency program offers incentives and rebates to their customers. The program is also encouraging customers to use energy efficient equipment at hospitals, schools, universities, and other businesses.
Georgia Power – one of the four electric utilities that make up Southern Company – is an investor-owned, tax-paying utility that serves 2.4 million customers across Georgia. It has been providing electricity to Georgia for more than a century at rates well below the national average.
Headquartered in Atlanta, Georgia, Southern Company is 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). Southern Company serves both regulated and competitive markets across the southeastern U.S.
Southern Company currently carries a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months.
Meanwhile one can look at Brookfield Infrastructure Partners LP (BIP - Snapshot Report), another electric utility, as an attractive investment. The firm sports a Zacks Rank #1 (Strong Buy), implying that it is expected to outperform the U.S. equity market over the next one to three months.
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