SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 1, 2003
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ALABAMA POWER COMPANY
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(Exact name of registrant as specified in its charter)
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Alabama 1-3164 63-0004250
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(State or other jurisdiction (Commission File (IRS Employer Identification
of incorporation) Number) No.)
600 North 18th Street, Birmingham, Alabama 35291
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 257-1000
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N/A
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
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On May 1, 2003, Alabama Power Company (the "Company") entered
into an Underwriting Agreement covering the issue and sale by the Company of
$250,000,000 aggregate principal amount of its Series X 3.125% Senior Notes due
May 1, 2008 (the "Series X Senior Notes"). Said notes were registered under the
Securities Act of 1933, as amended (the "Securities Act"), pursuant to the shelf
registration statement (Registration Nos. 333-100721, 333-100721-01
333-100721-02 and 333-100721-03) of the Company.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits.
1.1 Underwriting Agreement, dated May 1, 2003
relating to the Series X Senior Notes among the
Company and Barclays Capital Inc., Goldman,
Sachs & Co., Jackson Securities, LLC and KBC
Financial Products USA Inc. as the Underwriters.
4.2 Twenty-Fourth Supplemental Indenture to Senior
Note Indenture dated as of May 7, 2003, providing
for the issuance of the Series X Senior Notes.
4.7 Form of Series X Senior Note (included in Exhibit
4.2 above).
5.1 Opinion of Balch & Bingham LLP relating to the
Series X Senior Notes.
12.1 Computation of ratio of earnings to fixed charges.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: May 7, 2003 ALABAMA POWER COMPANY
By /s/Wayne Boston
Wayne Boston
Assistant Secretary