October 18, 2017 12:24 AM ET

Electric Utilities

Company Overview of Alabama Power Co.

Company Overview

Alabama Power Company, an integrated utility, generates, purchases, transmits, distributes, and sells electricity to residential, commercial, and industrial customers. The company generates electricity through coal, nuclear, 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 retail and wholesale customers in the State of Alabama, as well as wholesale customers in the Southeast. The company was founded in 1906 and is based in...

600 North 18th Street

Birmingham, AL 35291

United States

Founded in 1906

6,805 Employees

Phone:

205-257-1000

Key Executives for Alabama Power Co.

Chairman, President & CEO
Age: 55
Chief Financial Officer, Executive Vice President and Treasurer
Age: 57
Executive Vice President of External Affairs
Age: 57
Senior Vice President and Senior Production Officer
Age: 45
Executive Vice President for Customer Services
Age: 53
Compensation as of Fiscal Year 2017.

Alabama Power Co. Key Developments

Alabama Power Declares Dividend on Outstanding Preferred Stock for the Quarter Ending December 31, 2017, Payable on January 1, 2018

The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as: Preferred Stock ($100 Par Value) 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, 4.92% - $1.23 per share and Class A Preferred Stock ($25 Capital Value) 5.00% - $0.3125 per share. These dividends are for the quarter ending December 31, 2017, payable on January 1, 2018, to shareholders of record on December 18, 2017.

Alabama Power Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Alabama Power Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company has posted operating revenues of $1,484 million against $1,444 million a year ago. EBIT was $386 million against $358 million a year ago. Net income available to company was $230 million against $213 million a year ago. For the six months, the company has posted operating revenues of $2,866 million against $2,776 million a year ago. EBIT was $689 million against $621 million a year ago. Net income available to company was $403 million against $370 million a year ago.

Alabama Power Declares Dividend on Outstanding Preferred Stock for the Quarter Ending September 30, 2017, Payable on October 1, 2017

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: Preferred Stock ($100 Par Value) 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, 4.92% - $1.23 per share - Class A Preferred Stock ($25 Capital Value) 5.83% - $0.3644 per share - Preference Stock ($25 Capital Value) 6.45% - $0.403125 per share, 6.50% - $0.406250 per share. These dividends are for the quarter ending September 30, 2017, payable October 1, 2017, to shareholders of record on September 15, 2017.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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