Alabama Power Company
ALPVN
Other OTC105.02
USD
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Alabama Power Company
ALPVN
(Other OTC)
Recent
price
105.02
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Alabama Power Company (ALPVN), a subsidiary of Southern Company, generates, transmits, and distributes electricity to approximately 1.5 million residential, commercial, and industrial customers across the southern two-thirds of Alabama, spanning a 44,500-square-mile service territory with over 84,000 miles of power lines; the company operates a diverse generation fleet including coal-fired plants such as James H. Miller Jr., Ernest C. Gaston, and William Crawford Gorgas; natural gas and cogeneration facilities like Theodore Cogen and Washington County Cogen; the Joseph M. Farley Nuclear Generating Station; and hydroelectric plants on the Coosa, Tallapoosa, and Black Warrior rivers including Weiss, Henry, Logan Martin, Lay, Mitchell, Jordan, Bouldin, Harris, Martin, Yates, Thurlow, Smith, Bankhead, and Holt; it also provides energy efficiency programs, outdoor lighting, power quality services, clean energy solutions, pole attachments, project management, site selection, and appliance stores. Headquartered in Birmingham, Alabama, and founded in 1906, Alabama Power maintains six regional divisions—Birmingham, Mobile, Eastern (Anniston), Western (Tuscaloosa), Southern (Montgomery), and Southeast (Eufaula)—and employs around 6,800 people with total assets exceeding $15 billion as the state's largest taxpayer. In recent developments, the company agreed in October 2024 to acquire the 622-megawatt Lindsay Hill natural gas-fired power plant from Tenaska Alabama Partners for approximately $622 million, pending regulatory approvals from the Federal Energy Regulatory Commission and Alabama Public Service Commission, to address a projected resource shortfall; it plans a 150-megawatt battery storage system at a former power plant site; and received recognition in Site Selection magazine's 2025 Top Utilities list for economic development efforts.