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August 05, 2015 4:36 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 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

United States

Founded in 1906

6,935 Employees

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 Company Declares Dividend on Preferred Stock for the Quarter Ending Sept. 30, 2015, Payable on Oct. 1, 2015

The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock. Preferred Stock ($100 Par Value) 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. Class A Preferred Stock ($25 Capital Value), of 5.83% - $0.3644 per share. Preference Stock ($25 Capital Value) of 6.45% - $0.403125 per share; 6.50% - $0.406250 per share. These dividends are for the quarter ending Sept. 30, 2015, payable on Oct. 1, 2015, to shareholders of record on Sept. 16, 2015.

Alabama Power Reports Earnings Results for the First Quarter Ended March 31, 2015

Alabama Power reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues of USD 1,401 million against USD 1,508 million a year ago. Earnings before income taxes were USD 292 million compared to USD 324 million a year ago. Net income available to common shareholders was USD 169 million compared to USD 187 million a year ago.

Alabama Power Company Declares Regular Quarterly Dividends on Preferred Stock for the Quarter Ending June 30, 2015, Payable on July 1, 2015

The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock. Preferred Stock ($100 Par Value) 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. Class A Preferred Stock ($25 Capital Value), of 5.83% - $0.3644 per share. Preference Stock ($25 Capital Value) of 6.45% - $0.403125 per share; 6.50% - $0.406250 per share. These dividends are for the quarter ending June 30, 2015, payable July 1, 2015, to shareholders of record on June 16, 2015.

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