Company Overview of Alabama Power Co.
Alabama Power Company, 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 Company is a subsidiary of ...
600 North 18th Street
Birmingham, AL 35291
Founded in 1906
Key Executives for Alabama Power Co.
Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Chief Financial Officer, Executive Vice President and Treasurer
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
Executive Vice President of External Affairs
Compensation as of Fiscal Year 2015.
Alabama Power Co. Key Developments
Alabama Power Co. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Oct 28 15
Alabama Power Co. announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported operating revenues of $1,695 million compared with $1,669 million for the same period a year ago. Earnings before income taxes was $491 million compared with $475 million for the same period a year ago. Net income available to common shareholders was $295 million compared with $282 million for the same period a year ago.
For the nine months, the company reported operating revenues of $4,551 million compared with $4,614 million for the same period a year ago. Earnings before income taxes was $1,113 million compared with $1,101 million for the same period a year ago. Net income available to common shareholders was $665 million compared with $642 million for the same period a year ago.
Alabama Power Company Declares Regular Quarterly Dividends on Preferred Stock Payable on January 1, 2016
Oct 14 15
The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference 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, 4.92% - $1.23 per share. The company also declared dividend on class A preferred stock of 5.83% of $0.364375 per share. Dividend on 6.45% preferred stock of $0.403125 per share and 6.50% of $0.406250 per share. These dividends are for the quarter ending December 31, 2015, payable January 1, 2016, to shareholders of record on December 17, 2015.
Alabama Public Service Commission Approves Proposal by Alabama Power to Construct Up to 500 Megawatts of Renewable Energy Generation Projects
Sep 1 15
The Alabama Public Service Commission approved a proposal by Alabama Power to construct up to 500 megawatts of renewable energy generation projects in the state over the next six years. The company said the decision will allow Alabama Power to meet the demands of larger customers that want to implement renewable energy to their portfolio. The renewable energy projects - which will be designed to meet the needs of a wide-range of specific Alabama Power customers - could include solar and wind installations of up to 80 megawatts each, or purchase agreements for renewable energy generated outside of Alabama. Up to 160 megawatts may be submitted and approved in a calendar year, without a written request to the commission.
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