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Summary: Alabama Power Co. May 04

  • ID: 1804982
  • May 2004
  • Region: Alabama
  • Standard & Poors
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Abstract
Alabama Power Co. is a wholly owned subsidiary of Southern Co., one of the largest public utility holding companies in the U.S. The ratings on Southern and its five regulated operating subsidiaries, including Alabama Power, are based on a consolidated credit assessment method, resulting in the same corporate credit rating for the holding company and each of its subsidiaries, Alabama Power (36% of net operating cash flow in 2003), Georgia Power Co. (40%), Gulf Power Co. (6%), Mississippi Power Co. (6%), and Savannah Electric & Power Co. (2%). Alabama Power provides electricity service to about 1.4 million customers, and owns 12,174 MW of generation plant. Retail revenues grew 3.4% in 2003, supported by favorable weather conditions and an increase in...

Companies mentioned in this report are: Alabama Power Co.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's READ MORE >

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Alabama Power Co.

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