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Published on 9/28/2010 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Alabama Power calls all $150 million 5 5/8% senior notes due 2034

By Melissa Kory

Cleveland, Sept. 28 - Alabama Power Co. will redeem all its outstanding $150 million series AA 5 5/8% senior notes due April 15, 2034 on Oct. 29 at par plus accrued interest to the redemption date.

The Bank of New York Mellon will serve as redemption agent.

Alabama Power, a subsidiary of Atlanta-based Southern Co., is a Birmingham, Ala.-based provider of electricity.


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