Fitch Rates Alabama Power's $150MM Preference Stock 'A'.

NEW YORK -- Fitch assigns a rating of 'A' to the 6,000,000 shares of 6.45% series preference stock issued by Alabama Power Company. The preference stock is non-cumulative. The proceeds from the preference stock will be used for general corporate purposes, including the continuous construction program.

Alabama Power Company is a utility engaged in the generation, transmission, distribution and sale of electric energy within an approximately 44,500 square mile service area comprising most of the State of Alabama. It is a wholly owned subsidiary of the Southern Company.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.