Alabama Power announces redemption of preferred and preference stock

BIRMINGHAM, Ala., April 16, 2015 /PRNewswire/ -- Alabama Power Company today announced that it issued a notice of redemption for all of the following series of preferred and preference stock: 

5.20% Class A Preferred Stock, Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) CUSIP No. 010392595

5.30% Class A Preferred Stock, Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) CUSIP No. 010392561

5.625% Preference Stock, Non-Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) CUSIP No. 010392512

The redemption date for each of the above series of preferred and preference stock will be May 15, 2015.  The redemption price per share for each series of preferred and preference stock to be redeemed shall be equal to $25 per share plus accrued and unpaid dividends to the date of redemption.  No dividends on the preferred and preference stock being redeemed will accrue on or after the redemption date, nor will any interest accrue on amounts held to pay the redemption price.

Questions relating to, and request for copies of the notice of, this redemption should be directed to Computershare Trust Company, N.A. at 800-546-5141.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.

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SOURCE Alabama Power Company

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