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 December 31, 2008, payable January 1, 2009, to shareholders of record on December 17, 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