Alabama Power today issued the following:

  Company description
  *  Birmingham based investor-owned electric utility; a subsidiary of
     Southern Company .

  Performance
  *  Earnings down for the fourth quarter of 2000 and up for the 12-month
     period ended December 2000.

  Net Income
  *  Fourth Quarter Net Income
     $ 40,503,000 for the fourth quarter of 2000
     $ 42,947,000 for the fourth quarter of 1999

  *  12 Months Ended Net Income
     $ 419,916,000 for the 12-month period that ended December 2000
     $ 399,880,000 for the 12-month period that ended December 1999

  Total Territorial Energy Sales
  *  Fourth Quarter Territorial Energy Sales
     12.9 billion kilowatt-hours for the fourth quarter of 2000
     12.1 billion kilowatt-hours for the fourth quarter of 1999

  *  12 Months Ended Territorial Energy Sales
     56.0 billion kilowatt-hours for the 12-month period that ended
     December 2000
     53.9 billion kilowatt-hours for the 12-month period that ended
     December 1999

  Comments

"While territorial sales were greater during the quarter ended December 2000 due to the cold weather, higher non-fuel operating expenses during the quarter, together with the positive impact during the fourth quarter of 1999 of a gain on sale of distribution facilities to other suppliers in accordance with State territorial legislation, resulted in net income for the quarter being lower than the fourth quarter of 1999. Net income increased in the twelve month period ended December 2000 due to an increase in territorial sales partially offset by increased non-fuel operating expenses." -- William B. Hutchins, III, executive vice president, chief financial officer and treasurer.

SOURCE: Alabama Power