Alabama Power Company
APRDM
Other OTC104.00
USD
- -
- -
CIK
0000003153
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-0.94
77.03
5Y
0.61
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Full Time Employees
- 6,100
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 600 North 18th Street Birmingham AL United States of America 35203
- IPO Date
- Mar 3, 1999
- CIK
- 0000003153
- Website
- alabamapower.com
- Similar Companies
- Business
- Alabama Power Company Alabama Power Company (APRDM), founded in 1906 and headquartered in Birmingham, Alabama, operates as an investor-owned electric utility and the second-largest subsidiary of Southern Company Southern Company, providing retail and wholesale electricity service to approximately 1.5 million residential, commercial, industrial, and municipal customers across the southern two-thirds of Alabama, spanning a 44,500-square-mile service territory with more than 84,000 miles of power lines. The company generates power through a diverse portfolio of facilities, including coal-fired plants such as James H. Miller Jr., Ernest C. Gaston, William C. Gorgas, James M. Barry, and Greene County; natural gas and cogeneration facilities like Theodore, Washington County, and Sabic; the nuclear Joseph M. Farley Nuclear Generating Station; and 14 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 offers commercial and industrial products and services such as energy services, performance assurance, energy efficiency incentives, renewable energy credits via its Renewable Energy Credit program, renewable subscriptions through its Renewable Subscription Program, appliance stores, and residential energy-saving tools including My Power Usage reports and flexible payment options. Alabama Power maintains six regional divisions—Birmingham, Mobile, Eastern (Anniston), Western (Tuscaloosa), Southern (Montgomery), and Southeast (Eufaula)—focused on power generation, transmission, distribution, economic development, and community initiatives through the Alabama Power Foundation. In recent developments, Alabama Power secured approval in 2024 to procure an additional 160 megawatts of solar projects under its Renewable Subscription Program to expand customer access to renewables and is advancing a $622 million acquisition of the 844-megawatt Lindsey Hill (also referred to as Lindsay Hill) natural gas-fired generating station in Autauga County from Tenaska Alabama Partners, with the deal under review by the Federal Energy Regulatory Commission and Alabama Public Service Commission and expected to close before October 2025 to address a projected 1,180-megawatt resource shortfall by 2029. The company was named to Site Selection magazine's 2025 Top Utilities list for its economic development efforts, supporting over 2,900 jobs and projects in 2024, including partnerships like the Alabama Fiber Network to connect more than 500 community institutions and initiatives bridging the digital divide. These strategic moves align with ongoing investments in grid reliability, energy conservation, and community support, positioning Alabama Power as a key driver of economic growth in its regulated monopoly service area overseen by the Alabama Public Service Commission.