Alabama Power Company
ALP-PQ
New York Stock Exchange25.03
USD
+0.02
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Alabama Power Company
ALP-PQ
(New York Stock Exchange)
Recent
price
25.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Alabama Power Company is an integrated electric utility headquartered in Birmingham, Alabama, founded in 1906. It provides electricity generation, transmission, and distribution services to approximately 1.5 million homes, businesses, and industries across the southern two-thirds of Alabama. The company operates a diversified portfolio of power generation assets, including coal, natural gas, nuclear, hydroelectric, and renewable energy sources. Its major generating plants include coal-fired facilities such as William Crawford Gorgas and Ernest C. Gaston, the Joseph M. Farley nuclear plant, and hydroelectric plants on the Tallapoosa, Coosa, and Black Warrior Rivers. Additionally, Alabama Power is developing the Gorgas Battery Facility, the state's first utility-scale battery energy storage system with a capacity of 150 MW, designed to enhance grid reliability and energy storage capabilities. Alabama Power offers a wide range of products and services, including retail electricity supply to residential, commercial, and industrial customers; power generation from diverse energy sources; grid infrastructure services; and energy management solutions. The company maintains over 84,000 miles of power lines to support its extensive service territory spanning 44,500 square miles. As a subsidiary of Southern Company, one of the largest utility holding companies in the United States, Alabama Power plays a key role in the regional energy market and economic development initiatives. Recent major developments include Alabama Power's planned acquisition of the 895-MW Lindsay Hill gas- and oil-fired power plant from Tenaska for $622 million, aimed at addressing a near-term resource shortfall projected in the company's integrated resource plan through 2029. This acquisition, pending regulatory approval, aligns with the company's strategy to expand its generation capacity efficiently. Furthermore, Alabama Power committed to a multi-year electricity rate freeze through 2027, absorbing costs associated with newly acquired facilities and focusing on operational efficiencies and infrastructure investments to ensure reliable service with stable rates for customers. The company has also been recognized in 2025 for its contributions to economic development by Site Selection magazine as a Top Utility. Alabama Power continues to emphasize affordability, reliability, and sustainability in its operations, serving as a critical energy provider for Alabama's homes and businesses while progressively incorporating advanced grid technologies and renewable energy resources.
Alabama Power Announces Launch of New Mobile App
Alabama Power accepting requests for dispatchable energy proposals through Sept. 1