Alabama Power Company Reports Quarterly Earnings

Apr 26, 2001, 01:00 ET from Alabama Power

    BIRMINGHAM, Ala., April 26 /PRNewswire/ --
 
     Company description
     *  Birmingham based investor-owned electric utility; a subsidiary of
        Southern Company (NYSE:   SO).
 
     Performance
     *  Earnings up for the first quarter and 12-month period ended March 2001.
 
     Net Income
     *  First Quarter Net Income
        $ 69,952,000 for the first quarter of 2001
        $ 67,512,000 for the first quarter of 2000
 
     *  12 Months Ended Net Income
        $ 422,356,000 for the 12-month period that ended March 2001
        $ 404,317,000 for the 12-month period that ended March 2000
 
     Total Territorial Energy Sales
     *  First Quarter Energy Sales
        12.4 billion kilowatt-hours for the first quarter of 2001
        12.7 billion kilowatt-hours for the first quarter of 2000
 
     *  12 Months Ended Energy Sales
        55.7 billion kilowatt-hours for the 12-month period that ended March
          2001
        54.3 billion kilowatt-hours for the 12-month period that ended March
          2000
 
     Comments
     "Territorial energy sales decreased due to lower industrial sales as a
 result of a slower economy during the quarter ended March 2001.  However,
 residential and commercial sales increased due to colder weather resulting in
 the increase in net income when compared to the same period of 2000.  Net
 income increased in the twelve month period ended March 2001 due to an
 increase in territorial sales partially offset by increased non-fuel operating
 expenses."
 
     -- William B. Hutchins, III, executive vice president and chief financial
 officer.
 
 

SOURCE Alabama Power
    BIRMINGHAM, Ala., April 26 /PRNewswire/ --
 
     Company description
     *  Birmingham based investor-owned electric utility; a subsidiary of
        Southern Company (NYSE:   SO).
 
     Performance
     *  Earnings up for the first quarter and 12-month period ended March 2001.
 
     Net Income
     *  First Quarter Net Income
        $ 69,952,000 for the first quarter of 2001
        $ 67,512,000 for the first quarter of 2000
 
     *  12 Months Ended Net Income
        $ 422,356,000 for the 12-month period that ended March 2001
        $ 404,317,000 for the 12-month period that ended March 2000
 
     Total Territorial Energy Sales
     *  First Quarter Energy Sales
        12.4 billion kilowatt-hours for the first quarter of 2001
        12.7 billion kilowatt-hours for the first quarter of 2000
 
     *  12 Months Ended Energy Sales
        55.7 billion kilowatt-hours for the 12-month period that ended March
          2001
        54.3 billion kilowatt-hours for the 12-month period that ended March
          2000
 
     Comments
     "Territorial energy sales decreased due to lower industrial sales as a
 result of a slower economy during the quarter ended March 2001.  However,
 residential and commercial sales increased due to colder weather resulting in
 the increase in net income when compared to the same period of 2000.  Net
 income increased in the twelve month period ended March 2001 due to an
 increase in territorial sales partially offset by increased non-fuel operating
 expenses."
 
     -- William B. Hutchins, III, executive vice president and chief financial
 officer.
 
 SOURCE  Alabama Power