Alabama Power Company, founded in 1906 and headquartered in Birmingham, Alabama, is a major electric utility provider dedicated to delivering reliable and affordable energy to millions of customers across the state. As a subsidiary of the Southern Company, Alabama Power offers a variety of services including electricity generation, transmission, and distribution, as well as energy efficiency programs and renewable energy initiatives.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Alabama Power has a strong history of bond issuances, dating back to the early 20th century when it first accessed the debt market to fund its expansion. Notably, the company issued a significant $1 billion in bonds in 2020 to finance infrastructure improvements and sustainability projects. Currently, Alabama Power's bonds yield competitively compared to industry peers, reflecting its solid credit rating and operational stability. Additionally, the company has offered Green Bonds to support environmentally-focused projects, further enhancing its appeal to socially responsible investors.