Alabama Power Company
APRDO
Other OTC104.00
USD
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Alabama Power Company
APRDO
(Other OTC)
Recent
price
104.00
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 Alabama Power Company (APRDO), a subsidiary of Southern Company Southern Company, generates, transmits and distributes electricity to approximately 1.4 million customers across 44,500 square miles in the southern two-thirds of Alabama; the company operates an extensive portfolio of power plants including hydroelectric facilities on the Tallapoosa, Coosa and Black Warrior rivers such as Weiss, Henry, Logan Martin, Lay, Mitchell, Jordan, Bouldin, Harris, Martin, Yates, Thurlow, Smith, Bankhead and Holt; coal-fired plants like James M. Barry, Ernest C. Gaston, William Crawford Gorgas, Greene County and James H. Miller Jr.; the Joseph M. Farley Nuclear Generating Station; and cogeneration facilities including Theodore, Washington County and Sabic; it maintains over 84,000 miles of power lines and supports energy efficiency programs, renewable energy credits, renewable subscription programs and community initiatives through the Alabama Power Foundation. Headquartered in Birmingham and founded in 1906, Alabama Power serves residential, commercial and industrial customers with a focus on reliability exceeding 99 percent, clean energy expansion and economic development across its six divisions: Birmingham, Mobile, Eastern (Anniston), Western (Tuscaloosa), Southern (Montgomery) and Southeast (Eufaula). In recent developments, the company pursues a $622 million acquisition of the 895-MW Lindsay Hill gas- and oil-fired power plant from Tenaska Alabama Partners expected to close before October 2025 to address a projected 1,180-MW resource shortfall by 2029, building on its prior 2020 purchase of the adjacent Central Alabama generating station from Tenaska; it secured approval in 2024 for an additional 160 MW of solar projects under its renewable subscription program and earned recognition as a top utility for economic development by Site Selection magazine in 2025.