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