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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Alabama Power Company is a public utility engaged in the generation, transmission, distribution and purchase of electricity and the sale of electric service within an approximately 45,000 square mile service area comprising of the State of Alabama. The Company is engaged in sale of electric service, 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 11 municipally owned electric distribution systems, all of which are served indirectly through sales to the Alabama Municipal Electric Authority, and two rural distributing cooperative associations. The Company owns coal reserves near its Plant Gorgas site and uses the output of coal from the reserves in its generating plants. It also sells electric appliances and products and markets and sells outdoor lighting services.

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