Alabama Power Dividends Declared

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 June 30, 2009, payable July 1, 2009, to shareholders of record on June 16, 2009.

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