Southern Company Enters Deal to Supply Energy Credit to Keysight

Southern Power, a subsidiary of The Southern Company SO and a leading U.S. wholesale energy provider, has entered into a Virtual Power Purchase Agreement (VPPA) with Keysight Technologies, Inc. KEYS to supply renewable energy credits. A 39 MW portion of the Phase III expansion will produce the energy credits to be supplied at Southern Power’s Millers Branch Solar Facility.Benefits of VPPAThe VPPA will help Keysight achieve its target of generating renewable electricity equivalent to 100% of its electricity consumption in the United States and Canada. Keysight’s first-ever VPPA will also help it diminish the worst impact of climate change and achieve renewable electricity targets. The agreement will also help Keysight achieve the goal of net zero greenhouse gas emissions by the end of 2040.An Insight Into SO’s Millers Branch Solar FacilitySO, currently carrying a Zacks Rank #3 (Hold), announced the acquisition of its 29th solar project, the Millers Branch Solar Facility, in September 2023. The 200-megawatt project in Haskell County, TX, was acquired from EDF Renewables. The second phase of the project’s expansion with an additional 180 megawatts was announced in May 2024.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The project is currently under Phase III expansion, which will account for an added 132 megawatts and bring the Millers Branch Solar Facility to a total generating capacity of 512 MW. The completion of the third phase will make Miller’s Branch the company’s largest solar facility, enhancing Southern Power's ability to deliver clean energy on a large scale.Key PicksInvestors interested in the utility sector might look at some better-ranked stocks like PG&E Corporation PCG and Alliant Energy Corporation LNT.San Francisco, CA-based PG&E Corporation is the parent holding company of Pacific Gas and Electric Company. The utility generates revenues mainly through the sale and delivery of electricity and natural gas to customers. The Zacks Consensus Estimate for PCG's 2024 earnings indicates 10.57% year-over-year growth.Madison, WI-based Alliant Energy Corporation is a company engaged in regulated electric and natural gas services. The Zacks Consensus Estimate for LNT's 2024 earnings indicates 7.80% year-over-year growth.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Company (The) (SO): Free Stock Analysis Report Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report Alliant Energy Corporation (LNT): Free Stock Analysis Report Keysight Technologies Inc. (KEYS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks