Yahoo Finance Southern (SO) Introduces RNG Program for Sustainable Future
The Southern Company SO, one of the largest natural gas service providers in the United States, has recently introduced a renewable natural gas (“RNG”) pilot program through its subsidiary, Virginia Natural Gas. The Virginia Government agency, State Corporation Commission, has approved this program. This will be a step toward reducing greenhouse gas emissions in Virginia.
RNG is produced from organic waste such as food leftovers, animal manure and wastewater treatment plants. It is a better alternative to traditional natural gas because it is renewable, reduces methane emissions and can be used in the same ways as conventional gas. Initially, the RNG pilot program by Virginia Natural Gas will offer RNG to commercial customers alone. Over time, it will be given to residential customers as well.
The Southern Company, one of the largest distributors of natural gas in America, has committed to reducing greenhouse gas emissions and working toward a more sustainable future. The introduction of the aforesaid program is just an example of how it is moving toward its goal. This program will not only reduce greenhouse gas emissions but also minimize waste that would otherwise be sent to landfills.
As a leading provider of natural gas, SO has the responsibility to reduce greenhouse gas emissions and promote sustainability. The RNG pilot program is a significant step toward achieving these goals, and it will be exciting to see its results and potential expansion in the future.
Virginia Natural Gas’ Steps to Advance Virginia's Energy (“SAVE”) program cuts methane emissions by replacing old pipelines with durable materials. This ensures safe and cost-effective natural gas delivery. More than 500 miles of pipeline have been replaced since 2012, resulting in a 31% reduction in greenhouse gas emissions.
The company uses cross-compression technology to capture natural gas during maintenance and reintroduces it to the pipeline system. This reduces methane emissions for a greener natural gas delivery approach.
In conclusion, The Southern Company’s RNG pilot program through Virginia Natural Gas is a significant step toward reducing greenhouse gas emissions and promoting sustainability. The Virginia State Corporation Commission's approval and VNG's Steps to Advance Virginia's Energy program demonstrate SO’s commitment toward reducing greenhouse gas emissions and promoting sustainability.
Zacks Rank and Key Picks
The Southern Company is an American utility that provides electricity to customers across the southern United States. It is one of the largest energy companies in the country, with a focus on clean energy and sustainability. Currently, SO carries a Zacks Rank #4 (Sell). Investors interested in the utility sector might look at some better-ranked stocks like MYR Group MYRG, sporting a Zacks Rank #1 (Strong Buy), and CenterPoint Energy CNP and Centrais Eltricas Brasileiras EBR, each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MYR Group: The company is worth approximately $2.00 billion. Its shares have increased 18.5% in the past year.
MYRG is a holding company of specialty contractors, providing comprehensive electrical infrastructure services in Canada and the United States. It offers design, engineering, procurement, construction, upgrade, maintenance, and repair services for transmission and distribution networks and substation facilities of any size and type.
CenterPoint Energy: The company is valued at around $17.82 billion. It currently pays an annualized dividend of $0.76 per share.
CNP delivered an average earnings surprise of 2.10% for the last four quarters and its current dividend yield is 2.69%.
Centrais Eltricas Brasileiras:The company is valued at around $9.27 billion. In the past year, its stock has decreased 6.6%.
EBR currently has a forward P/E ratio of 6.03. In comparison, its industry has an average forward P/E of 10.10, which means the company is trading at a discount to the group.
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Southern Company (The) (SO) : Free Stock Analysis Report
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