The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:

  Preferred Stock
  ($100 Par Value)
  4.20% - $1.05 per share
  4.52% - $1.13 per share
  4.60% - $1.15 per share
  4.64% - $1.16 per share
  4.72% - $1.18 per share
  4.92% - $1.23 per share

  Class A Preferred Stock
  ($25 Capital Value)
  5.20% - $.325 per share
  5.30% - $.33125 per share
  5.83% - $.3644 per share

  Preference Stock
  ($25 Capital Value)
  5.625% - $.3515625 per share
  6.45% - $.403125 per share
  6.50% - $.406250 per share

These dividends are for the quarter ending September 30, 2008, payable October 1, 2008, to shareholders of record on September 16, 2008.

Alabama Power, a subsidiary of Atlanta-based Southern Company , provides reliable, affordable electricity to more than 1.4 million customers across the state.

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SOURCE: Alabama Power Company