SSS

Alabama Power Company FRN 15-MAY-2073

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Overview
Analysis

SO5582618 analysis



Key facts


Issuer
Alabama Power Co.
Issue date
May 8, 2023
Maturity date
May 15, 2073
Outstanding amount
‪200.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
4.23% (Variable)
Yield to maturity
4.23%
Alabama Power Company, an integrated utility, generates, purchases, transmits, distributes, and sells electricity to residential, commercial, and industrial customers in Alabama. The company generates electricity through coal, nuclear, oil and gas, hydro plants. It sells electricity at retail in approximately 400 cities and towns, including Anniston, Birmingham, Gadsden, Mobile, Montgomery, and Tuscaloosa, as well as in rural areas; and at wholesale to 14 municipally-owned electric distribution systems. Alabama Power Company also sells electric appliances. The company was founded in 1906 and is based in Birmingham, Alabama. Alabama Power Company is a subsidiary of The Southern Company.
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