Alabama Power Company Announces Planned Redemption of Senior Notes

BIRMINGHAM, May 18, 2011 /PRNewswire/ -- Alabama Power Company on June 20 plans to redeem all of the company's outstanding $100 million Series GG 5-7/8 percent Senior Notes due Feb. 1, 2046 (cusip No. 010392546, NYSE: ALQ), $200 million Series II 5.875 percent Senior Notes due March 15, 2046 (cusip No. 010392538, NYSE: ALZ), $150 million Series JJ 6.375 percent Senior Notes due June 15, 2046, (cusip No. 010392520, NYSE: ABA), at a redemption price equal to 100 percent of the principal amount plus any accrued and unpaid interest to the date of redemption.

Holders of the Series GG Senior Notes, Series II Senior Notes and Series JJ 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 Global Corporate Trust will serve as redemption agent.

Alabama Power Company, 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