Themes / Group
Active · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Regulated Electric Utilities · SO

THE TRADER READShared activity without a clean directional read

Price direction is split across 9 measured members. Capital-flow confirmation is unavailable.

Price breadth3 up · 6 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowBuilding_pressureActivity score 49/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

WED, APR 29SO filing documented shared operating contextcredit / rates affecting interest expense · date precision only

MON, JUL 27DTE filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

7/9 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across CMS, DTE, DUK, ED, SO, SOMN.

credit / rates affecting interest expense

The increase was primarily due to increases in retail electric revenues associated with sales growth, higher natural gas revenues associated with base rate increases, higher non-fuel-related wholesale electric revenues, and an increase in AFUDC equity, partially offset by an increase in depreciation and amortization, decreases in retail electrics revenues associated with weather impacts, and an increase in interest expense.

SO 10-Q · 2026-04-30
capital investment / capacity affecting capex

The increase primarily reflects approximately $56 million related to higher average outstanding borrowings, an $11 million loss associated with the extinguishment of debt at the parent company, and a $7 million increase in interest associated with PPAs accounted for as finance leases at Georgia Power, partially offset by an increase of $23 million in capitalized interest and AFUDC debt associated with increased capital expenditures.

SO 10-Q · 2026-04-30
credit / rates

The net cash used for financing activities for the three months ended March 31, 2026 was primarily related to common stock dividend payments and repayment of bank term loans, partially offset by capital contributions from Southern Company and an increase in commercial paper borrowings.

SO 10-Q · 2026-04-30
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
SOUVXYPositive historical lead/lag · strength 0.18

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
CMSSOFTSDTEDUKEXCEDEMASOMN

7/9 active3 rising · 6 falling

MemberUnusual activityToday's moveRead now
CMSCMS Energy Corporation
Elevated · 100/100
+0.5%
Active; unclassifiedHistorical role unavailable
SOSouthern Company (The)
Most unusual · 97/100
-0.2%
Active; unclassifiedHistorical role unavailable
FTSFortis Inc.
Elevated · 81/100
-0.4%
Active; unclassifiedHistorical role unavailable
DTEDTE Energy Company
Elevated · 76/100
+0.3%
Active; unclassifiedHistorical role unavailable
DUKDuke Energy Corporation
Elevated · 70/100
-0.3%
Active; unclassifiedHistorical role unavailable
EXCExelon Corporation
Elevated · 66/100
-0.1%
Active; unclassifiedHistorical role unavailable
EDConsolidated Edison, Inc.
Elevated · 63/100
-0.5%
Active; unclassifiedHistorical role unavailable
EMAEmera Incorporated
Elevated · 63/100
+0.1%
Active; unclassifiedHistorical role unavailable
SOMNThe Southern Company
Elevated · 58/100
-0.5%
Active; unclassifiedHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
CMSCMS Energy CorporationParticipating+0.5%Price participation is not yet confirmed by per-name flow.
SOSouthern Company (The)Most unusual-0.2%Most unusual activity in this snapshot; performance direction may differ.
FTSFortis Inc.Participating-0.4%Price participation is not yet confirmed by per-name flow.
DTEDTE Energy CompanyParticipating+0.3%Price participation is not yet confirmed by per-name flow.
DUKDuke Energy CorporationParticipating-0.3%Price participation is not yet confirmed by per-name flow.
EXCExelon CorporationParticipating-0.1%Price participation is not yet confirmed by per-name flow.
EDConsolidated Edison, Inc.Participating-0.5%Price participation is not yet confirmed by per-name flow.
EMAEmera IncorporatedParticipating+0.1%Price participation is not yet confirmed by per-name flow.
SOMNThe Southern CompanyParticipating-0.5%Price participation is not yet confirmed by per-name flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.