Alabama Power Company to Redeem First Mortgage Bonds
Alabama Power Company announced today the full redemption of its outstanding 9 percent series first mortgage bonds due 2024 according to William B. Hutchins, III, Executive Vice President, Chief Financial Officer and Treasurer.
The redemption date for the 9 percent series first mortgage bonds will be August 31, 2001. These bonds will be redeemed at a price of 105.9 percent of principal amount, plus accrued interest to the date of redemption.
Alabama Power, a subsidiary of Atlanta-based Southern Company
SOURCE: Alabama Power Company
Contact: Darya Braggs of Alabama Power, +1-205-257-4155, or