Alabama Power Company Announces Planned Redemption of Senior Notes

BIRMINGHAM, Ala., Sept. 28 /PRNewswire-FirstCall/ -- Alabama Power Company plans to redeem all of the company’s outstanding $150,000,000 Series AA 5- 5/8% Senior Notes, due April 15, 2034, (Cusip No.: 010392553, NYX: ALF) on October 29, 2010 at a redemption price equal to 100% of the principal amount plus any accrued and unpaid interest to the date of redemption.

Holders of the Series AA Senior Notes to be redeemed will receive a notice of redemption at least 30 days prior to the redemption date.  The Bank of New York Mellon will serve as redemption agent.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers across the state.

SOURCE Alabama Power Company