September 8, 2017
Hunton & Williams LLP advised the underwriters on an SEC-registered offering by Alabama Power Company (Alabama Power) of 10,000,000 shares of 5.00% Class A Preferred Stock, Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share).
Alabama Power is a wholly owned subsidiary of The Southern Company. 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 LLP team included Bud Ellis, Steven Friend, Patrick Jamieson and Soyung Kang. Cary Tolley and Anna Page provided tax advice.