Southern Energy 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
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. The marketing company 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.
"This new complex will give Southern Energy the room it needs as
it continues to grow at a dramatic pace," said Tom Boren, Southern
Energy CEO. "Our space needs became particularly evident in the
past year as we expanded in North America, where we've pursued a
strategy of acquiring new assets in key markets and integrating
those assets with our energy trading and marketing business."
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."
The complex will be located at 1155 Perimeter Center West.
Construction has begun on the first phase of the project, which
includes the energy trading center and an eight-story parking
Joe Fisher, Houston
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