March 26 (Reuters) - Southern (NYSE:SO) Energy Corp SOU.V :
* SOUTHERN ENERGY CORP. PROVIDES CORPORATE UPDATE AND CONFIRMS RESPONSE TO COVID-19
* SOUTHERN ENERGY - SECURED FIXED PRICE HEDGES ON PRODUCTION OF 6,000 MCF PER DAY OF NATURAL GAS AT AVERAGE PRICE OF $2.55 PER MCF THROUGH DEC 31
* SOUTHERN ENERGY - SECURED FIXED PRICE HEDGES ON PRODUCTION OF75 BARRELS OF OIL PER DAY AT AN AVERAGE PRICE OF $55.65 PER BBL THROUGH DEC 31
* SOUTHERN ENERGY CORP - SOUTHERN HAS APPROXIMATELY 45% OF ITS CURRENT PRODUCTION VOLUMES HEDGED
* SOUTHERN - HAVE PROACTIVELY REDUCED CORPORATE SALARIES FOR ALL EMPLOYEES BY 20% IN RESPONSE TO COVID-19 AND WEAKENED COMMODITY PRICES
* SOUTHERN ENERGY- OPERATIONAL EVENT AT MECHANICSBURG ASSETS CAUSED PIPELINE CO TO DIRECT ALL SUPPLIERS TO SUSPEND DELIVERIES INTO PIPELINE
* SOUTHERN ENERGY CORP - PIPELINE COMPANY HAS DECLARED EVENT TO BE FORCE MAJEURE EVENT
* SOUTHERN ENERGY - HAS SHUT-IN ABOUT 550 BOE/D OF PRODUCTION FROM MECHANICSBURG, REPRESENTING ABOUT 23% OF CURRENT VOLUMES, UNTIL SITUATION IS RESOLVED