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February 08, 2016 1:20 AM ET

Electric Utilities

Company Overview of Alabama Power Co.

Company Overview

Alabama Power Co., an integrated utility, generates, purchases, transmits, distributes, and sells electricity to residential, commercial, and industrial customers in Alabama. The company generates electricity through coal, nuclear, oil and gas, and hydro plants. It sells electricity at retail in approximately 400 cities and towns, including Anniston, Birmingham, Gadsden, Mobile, Montgomery, and Tuscaloosa, as well as in rural areas; and at wholesale to 14 municipally-owned electric distribution systems. The company also sells electric appliances. It serves 1.4 million customers. The company was founded in 1906 and is based in Birmingham, Alabama. Alabama Power Co. operates as a subsidiary of...

600 North 18th Street

Birmingham, AL 35291

United States

Founded in 1906

Phone:

205-257-1000

Key Executives for Alabama Power Co.

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 52
Chief Financial Officer, Executive Vice President and Treasurer
Age: 55
Vice President of Public Relations, President of the Alabama Power Foundation, Executive Director of Alabama Business Charitable Trust and Director of Alabama Power Foundation
Executive Vice President of the Customer Service Organization
Age: 59
Executive Vice President of External Affairs
Age: 55
Compensation as of Fiscal Year 2015.

Alabama Power Co. Key Developments

Alabama Power Co. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Alabama Power Co. reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported operating revenues of $1,217 million against $1,328 million a year ago. Earnings before income tax were $204 million against $211 million a year ago. Net income available to common was $120 million against $119 million a year ago. For the year, the company reported operating revenues of $5,768 million against $5,942 million a year ago. Earnings before income tax were $1,317 million against $1,312 million a year ago. Net income available to common was $785 million against $761 million a year ago.

Alabama Power Company Declares Dividend on Preferred Stock for the Quarter Ending March 31, 2016, Payable April 1, 2016

The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows: Preferred Stock of 4.20% - $1.05 per share, 4.52% - $1.13 per share, 4.60% - $1.15 per share, 4.64% - $1.16 per share, 4.72% - $1.18 per share, and 4.92% - $1.23 per share. The company also announced dividend on Class A Preferred Stock of 5.83% - $0.364375 per share and Preference Stock of 6.45% - $0.403125 per share and 6.50% - $0.406250 per share. These dividends are for the quarter ending March 31, 2016, payable April 1, 2016, to shareholders of record on March 17, 2016.

Alabama Power Co. Announces Board Changes

Alabama Power Co. announced that Bobbie Knight, vice president of the company's Birmingham Division, was named adviser to Alabama Power Chairman, President and CEO Mark Crosswhite. Knight is 37-year veteran of the company and will serve in the advisory role until she retires in April 2016. Knight previously served as vice president of public relations, and also has served in management roles in the company's Western Division, Human Resources, Corporate Services and Supply Chain organizations. Jonathan Porter, vice president of Human Resources and Ethics, will succeed Knight as vice president of the Birmingham Division. He will assume his new role immediately. Jeff Peoples, vice president of Operations Services for Southern Co., was elected company's new vice president of Human Resources and Ethics.

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