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Southern Co. Taking New Atlanta Office Space

Southern Co. Taking New Atlanta Office Space

Seeking to accommodate growth, Southern Energy Inc. will move to a new Atlanta office, with the Southern Company Energy Marketing unit relocating by December and the headquarters going a year later.

Southern Company Energy Marketing, the trading and marketing arm jointly owned with Vastar Resources Inc., will place its trading operations on a state-of-the-art, 40,000-square-foot trading floor, scheduled for completion Dec. 1. Southern Company Energy Marketing will have the option to add another 66,000 square feet if needed. The move will involve more than 500 employees, some of whom will go to the new trading floor in December.

Southern Energy's 370 headquarters employees, working in North American and international business units and corporate functions, will occupy 168,000 square feet (the lobby floor and six other floors) of an adjacent 12-story tower in late 2000. Remaining Southern Company Energy Marketing employees also will move into the tower at that time.

The relocation also will play a key role in the growth of Southern Company Energy Marketing, which recently consolidated its Houston and Atlanta trading offices in Atlanta, said CEO Marce Fuller. "We'll have one of the largest energy trading floors in the nation, and we'll also have the latest energy trading technology."

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