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) February 5, 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 February 5, 2003, Alabama Power Company (the "Company")
entered into an Underwriting Agreement covering the issue and sale by the
Company of 1,250 shares of Flexible Money Market Class A Preferred Stock (Series
2000A), Cumulative, Par Value $1 Per Share (Stated Capital $100,000 Per Share)
(the "Preferred Stock"). Said stock was 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 February 5, 2003 relating
to the Preferred Stock among the Company and Lehman
Brothers Inc., Banc One Capital Markets, Inc., Blaylock
& Partners, L.P., Morgan Keegan & Company, Inc. and
Wachovia Securities, Inc. as the Underwriters.
4.4 Amendment to Charter of the Company dated February
6, 2003, which includes resolutions of the Board
of Directors of the Company establishing the
preferred Stock.
5.1 Opinion of Balch & Bingham LLP relating to the Preferred
Stock.
12.1 Computation of ratio of earnings to fixed charges.
12.2 Computation of ratio of earnings to fixed charges plus
preferred dividend requirements
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: February 12, 2003
By /s/Wayne Boston
Wayne Boston
Assistant Secretary