Alabama | 63-0004250 |
(State of incorporation or organization) | (IRS Employer Identification No.) |
600 North 18th Street, Birmingham, Alabama | 35203 |
(Address of principal executive offices) | (Zip Code) |
Title of each class to be so registered | Name of each exchange on which each class is to be so registered | |
10,000,000 shares 5.00% Class A Preferred Stock, Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) | New York Stock Exchange |
Item 1. | Description of Registrant’s Securities to be Registered. |
Item 2. | Exhibits. |
Exhibit Number | ||
Dated: | September 7, 2017 | ALABAMA POWER COMPANY | ||
By | /s/Melissa K. Caen | |||
Melissa K. Caen Assistant Secretary |
(1) | The officers of the Company be and hereby are authorized to determine the dividend rate or rates of the new stock, not to exceed 5.375% of the stated capital per annum, accruing from the date of original issue and the dividend payment dates shall be the first days of January, April, July and October (each a “Dividend Payment Date”) in each year commencing on the applicable Dividend Payment Date succeeding the date of issuance of the new stock. If any Dividend Payment Date is not a business day, the related dividend, if declared, will be paid on the next succeeding business day with the same force and effect as though paid on the Dividend Payment Date, without any increase to account for the period from such Dividend Payment Date through the date of actual payment. Dividends payable on the new stock for the initial dividend period and any period less than a full dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months and the actual number of days elapsed in such period. |
(2) | (a) On or after October 1, 2022, the Company may redeem any or all of the new stock, from time to time, at a redemption price equal to $25.00 per share of the new stock to be redeemed, plus an amount equal to the amount of the accrued and unpaid dividends (whether or not declared) to but excluding the redemption date. |
(3) | The amount payable in the event of liquidation shall be $25.00 per share, plus accrued and unpaid dividends. |
(4) | The shares of such class shall not be, by their terms, convertible or exchangeable. |
(5) | The shares of such class shall not be, by their terms, entitled to the benefit of any sinking fund. |
(6) | Upon the issuance of shares of the new stock, there shall be transferred from the Premium on Capital Stock Account to the Preferred Stock Account an amount equal to $24.00 per share, and thereafter the stated capital of each share of new stock shall be $25.00 per share. |
Philip C. Raymond Executive Vice President, Chief Financial Officer and Treasurer Alabama Power Company | |
Ceila H. Shorts Corporate Secretary Alabama Power Company | |