March 20, 2017
Hunton & Williams LLP acted as counsel to Barclays Capital Inc. as the remarketing agent for the remarketing of $86,500,000 The Industrial Development Board of the City of Mobile, Alabama Pollution Control Revenue Bonds (Alabama Power Company Barry Plant Project), Series 2007-A. The Bonds were originally issued to provide funds to finance a portion of the costs of the acquisition, construction, installation, equipping and sale to Alabama Power Company of pollution control and environmental improvement facilities at the James M. Barry Electric Generating Plant, which is located near the City of Mobile, in Mobile County, Alabama.
Alabama Power provides electricity supply and service to 1.4 million homes, businesses and industries in the southern two-thirds of Alabama. It is the second largest of the four US utilities operated by Southern Company, one of the nation's largest producers of electricity. More than 84,000 miles of power lines carry electricity to customers throughout 45,000 square miles.
The Hunton & Williams team included Bud Ellis, Patrick Jamieson and Soyung Kang. Chris Kulp provided tax advice.