Alabama Power Company
APRDN
Other OTC105.65
USD
+0.03
- -
Alabama Power Company
APRDN
(Other OTC)
Recent
price
105.65
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Alabama Power Company (APRDN), the second-largest subsidiary of Southern Company, generates, transmits, and distributes electricity to approximately 1.5 million residential, commercial, industrial, and wholesale customers across a 44,500-square-mile service territory encompassing the southern two-thirds of Alabama; the company also operates appliance stores and provides related energy efficiency programs, free home energy reports, flexible payment options, and community support initiatives through the Alabama Power Foundation. Founded in 1906 and headquartered at 600 North 18th Street in Birmingham, Alabama, Alabama Power maintains an extensive generation portfolio that includes fossil fuel plants such as the James H. Miller Jr. (2,640 MW coal), James M. Barry (2,657 MW coal and natural gas), Ernest C. Gaston (1,880 MW coal), William Crawford Gorgas (1,221 MW coal), and Greene County (1,220 MW coal) facilities; nuclear power from the Joseph M. Farley Nuclear Generating Station (1,720 MW); sixteen hydroelectric plants on the Coosa, Tallapoosa, and Black Warrior rivers with a combined capacity exceeding 1,400 MW including Weiss (88 MW), Logan Martin (128 MW), Lay (177 MW), Mitchell (170 MW), Jordan (100 MW), Bouldin (225 MW), Harris (135 MW), Martin (154 MW), Yates (46 MW), Thurlow (85 MW), Smith (158 MW), Bankhead (54 MW), and Holt (49 MW); and cogeneration facilities like Theodore (274 MW), Washington County (123 MW), and Sabic (105 MW). The company oversees more than 84,000 miles of power lines, six regional divisions (Birmingham, Mobile, Eastern/Anniston, Western/Tuscaloosa, Southern/Montgomery, Southeast/Eufaula), and departments focused on power generation, transmission, and distribution, employing around 6,800 people with total assets of $15.7 billion as Alabama's largest taxpayer. In recent developments, Alabama Power secured Alabama Public Service Commission approval in August 2025 to acquire the 895-MW Lindsay Hill natural gas-fired power plant near Billingsley from Tenaska subsidiaries for $622 million, a transaction stemming from a 2023 request-for-proposal process to address a projected 1,180-MW resource shortfall by 2029 amid growing demand including data centers, with the deal expected to close before October 2025 while honoring an existing power purchase agreement through April 2027; this acquisition forms part of a broader strategy adding over 3,400 MW of natural gas capacity since 2020 to its more than 14,000-MW fleet. Additionally, the company committed in December 2025 to maintaining steady customer rates through 2027 via a multi-year stability plan emphasizing operational efficiencies and grid investments, earned recognition from Site Selection magazine as a top utility for 2025 economic development efforts alongside Georgia Power and Mississippi Power, and continues expanding clean energy initiatives blending renewables with traditional sources while achieving over 99% reliability.