Alabama Power Dividends Declared
PRNewswire
BIRMINGHAM, Ala.

At a meeting held on October 27, 2000, the Board of Directors of Alabama Power Company declared the regular quarterly dividends on the company's outstanding preferred 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
                         5.83% - $.3644 per share


These dividends are for the quarter ending December 31, 2000, payable January 1, 2001, to stockholders of record December 15, 2000.

               Auction Class A Preferred Stock, 1988 Series
                           ($100 Capital Value)

In addition, the Board of Directors declared dividends for the Auction Class A Preferred Stock (1988 Series) at an annual rate to be determined in accordance with the auction procedures as set forth in the amendment to the Charter dated November 18, 1988, for the dividend period beginning September 19, 2000, which is payable on November 7, 2000, to stockholders of record on November 6, 2000; and for the dividend period beginning November 7, 2000, that is payable on December 26, 2000, to stockholders of record on December 22, 2000.

               Auction Class A Preferred Stock, 1993 Series
                           ($100 Capital Value)

In addition, the Board of Directors declared dividends for the Auction Class A Preferred Stock (1993 Series) at an annual rate to be determined in accordance with the auction procedures as set forth in the amendment to the Charter dated October 27, 1993, for the dividend period beginning October 25, 2000, which is payable on December 13, 2000 to stockholders of record on December 12, 2000.

Alabama Power, a subsidiary of Southern Company , is an investor-owned electric utility serving 1.3 million customers in the southern two-thirds of Alabama.

SOURCE: Alabama Power

Contact: Darya Braggs of Alabama Power, 205-257-4211, or
djbraggs@southernco.com