March 01, 2015 12:43 PM 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, 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. Alabama Power Company also sells electric appliances. The company was founded in 1906 and is based in Birmingham, Alabama. Alabama Power Company is a subsidiary of The Southern Company.

600 North 18th Street

Birmingham, AL 35291

United States

Founded in 1906

6,896 Employees

Phone:

205-257-1000

Key Executives for Alabama Power Co.

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 51
Chief Financial Officer, Executive Vice President and Treasurer
Age: 54
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: 58
Executive Vice President of External Affairs and Chairman of Alabama Power Foundation
Age: 54
Compensation as of Fiscal Year 2014.

Alabama Power Co. Key Developments

Alabama Power Co. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Alabama Power Co. announced earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported operating revenues of $1,328 million compared to $1,314 million a year ago. Earnings before income taxes were $211 million compared to $237 million a year ago. Net income available to common shareholders was $119 million compared to $140 million a year ago. For the year, the company reported operating revenues of $5,942 million compared to $5,618 million a year ago. Earnings before income taxes were $1,312 million compared to $1,229 million a year ago. Net income available to common shareholders was $761 million compared to $712 million a year ago.

Alabama Power Names Two New Board Members

Alabama Power elected two new members to its board of directors. Dr. Cathy Randall and Anthony A. "A.J." Joseph were both named to the board. Randall previously served as chairman of the board of Tuscaloosa-based Pettus Randall Holdings LLC in addition to being former chairman of the board of Randall Publishing Co. Joseph is an attorney and shareholder at Maynard Cooper & Gale in Birmingham.

Alabama Power Company Declares Regular Quarterly Dividends on Preferred Stock for the Quarter Ending March 31, 2015, Payable on April 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 5.20% - $0.325 per share; 5.30% - $0.33125 per share; 5.83% - $0.3644 per share. Preference Stock ($25 Capital Value) of 5.625% - $0.3515625 per share; 6.45% - $0.403125 per share; 6.50% - $0.406250 per share. These dividends are for the quarter ending March 31, 2015, payable April 1, 2015, to shareholders of record on March 17, 2015.

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