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October 09, 2015 8:20 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, 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



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 Public Service Commission Approves Proposal by Alabama Power to Construct Up to 500 Megawatts of Renewable Energy Generation Projects

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.

Alabama Power Company Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Alabama Power Company announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, operating revenues were $1,455 million against $1,437 million for the same period in the last year. Earnings before income taxes was $329 million against $302 million for the same period in the last year. Net income available to common was $200 million against $173 million for the same period in the last year. For the six months, operating revenues were $2,856 million against $2,945 million for the same period in the last year. Earnings before income taxes was $621 million against $626 million for the same period in the last year. Net income available to common was $369 million against $360 million for the same period in the last year.

Alabama Power Co. Announces Executive Appointments

Alabama Power Co announced that Grayson Hall and Robert Shackleford were elected to the company's board of directors. Hall is the chairman, president and CEO of Regions Financial Corp. He also serves as representative on the Federal Advisory Council of the Federal Reserve Bank. Shackleford is vice president of Canfor Western U.S. South Operations. He also serves on the board of Mississippi Export Railroad and on the Regional Advisory Board of Regions Bank.

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