Thursday, Georgia Power, the subsidiary of Southern Co. (SO), stated that it recently signed a two-year contract with Robins Air Force Base to increase the amount of renewable energy the base will use. In order to meet federal renewable mandates for military installations, Robins AirForce Base will purchase more than 16 million kilowatt-hours, of Green Energy annually.
Robins AFB, one of three U.S. Air Force Air Logistics Centers and the largest industrial complex in Georgia, has a work force of more than 25,584 civilian, contractor, and military members. It is now the largest participant in Georgia Power's Green Energy program, purchasing more than 40% of the renewable energy sold through the program.
Green Energy is environmentally friendly electricity generated from sources like the sun, landfill methane and biomass. Customers who participate in the program help reduce the environmental impact of energy production, conserve natural resources and support domestic energy self-reliance. Georgia Power is currently getting most of its electricity for the program from a landfill methane-to-energy plant at the Seminole Landfill in DeKalb County.
David Dykes, Georgia Power's federal segment manager said, "Robins participation is a huge commitment toward the development of renewable energy in the Southeast and a clear demonstration of the Air Force's commitment to renewable energy. This action raises awareness of the importance Green Energy plays in protecting our environment now and into the future."
The company stated that Since Georgia Power began the Green Energy program in October 2006, nearly 4,300 customers have committed to purchase in excess of 3 million kilowatt-hours of green energy, or enough electricity to power approximately 3,100 homes using 1,000 kilowatt-hours a month.
Residential customers can purchase 100-kilowatt-hour blocks of Green Energy for $3.50 per block which is added to their monthly electricity bill. They may also choose Green Energy that includes a solar component for $4.50 per block.
SO is currently traded at $33.45 down $0.43 or 1.27% on the NYSE.
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