On April 2, 2012 Alabama Power
plans to redeem all of the company's outstanding $250 million Series 2007B
5.875% Senior Notes due April 1, 2047
(NYSE:
ALM) 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 2007B Senior Notes 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.
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