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Thomas Fanning, president and chief executive officer of Southern Co speaks to attendees all through the Division of Homeland Security’s Cybersecurity Summit in Manhattan, New York, U.S., July 31, 2018. REUTERS/Eduardo Munoz
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July 29 (Reuters) – U.S. utility Southern Co (SO.N) Main Executive Tom Fanning is envisioned to action down by the finish of this 12 months and the enterprise has introduced a look for for his successor, Bloomberg News described on Friday, citing people today acquainted with the make a difference.
Fanning is predicted to remain with Southern in some ability after stepping down as CEO, the report claimed. (https://bloom.bg/3zmkTvQ)
Fanning, 65, informed Bloomberg in an interview that he wishes to stay CEO until Southern’s Vogtle nuclear plant expansion is full, the report reported.
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A firm spokesperson stated that no timelines have been set relating to any potential retirement.
Southern on Thursday lifted the price estimate for the Vogtle plant enlargement to about $10.5 billion. The ideas are currently billions of pounds about funds and yrs at the rear of agenda.
The Ga, Atlanta-based agency also reported its 2nd-quarter internet income nearly tripled to $1.11 billion.
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Reporting by Ruhi Soni in Bengaluru Enhancing by Devika Syamnath
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