Alabama Power Company
APRCP
Other OTC103.30
USD
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Alabama Power Company
APRCP
(Other OTC)
Recent
price
103.30
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Alabama Power Company (APRCP), a subsidiary of Southern Company, generates, transmits, distributes and sells electricity to approximately 1.5 million residential, commercial, industrial and wholesale customers across 44,500 square miles primarily in the southern two-thirds of Alabama. The company operates a diverse generation portfolio including coal-fired, natural gas-fired, nuclear, hydroelectric and renewable energy facilities such as solar and biomass; it maintains over 84,000 miles of power lines and offers customer-focused services including energy efficiency programs, free home energy audits, flexible billing options, electric vehicle charging infrastructure support and community development initiatives through the Alabama Power Foundation. Headquartered in Birmingham, Alabama, the investor-owned utility was founded on December 4, 1906. In recent developments, Alabama Power received approval from the Alabama Public Service Commission in 2025 to acquire the 895-megawatt Lindsay Hill natural gas-fired power plant from Tenaska Alabama Partners for $622 million, with the transaction originating from an agreement signed on October 24, 2024, to address projected capacity shortfalls by 2029 driven by data center load growth. The company continues to expand clean energy efforts, balancing renewables with traditional sources while investing in grid modernization, underground power lines and innovative technologies like fiber optics. Alabama Power was recognized in Site Selection magazine's 2025 Top Utilities list for its role in economic development, including support for projects like the University of Alabama's AMP Center.