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) August 11, 1998
ALABAMA POWER COMPANY
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
- -------------------------------------------------------------------------------
Alabama 1-3164 63-0004250
- -------------------------------------------------------------------------------
(State or other jurisdiction (Commission File (IRS Employer Identification
of incorporation) Number) No.)
600 North 18th Street, Birmingham, Alabama 35291
- ------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 257-1000
-------------------
N/A
- ------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
Item 5. Other Events.
On August 11, 1998, Alabama Power Company (the "Company")
entered into an Underwriting Agreement covering the issue and sale by the
Company of $225,000,000 aggregate principal amount of its Series D 6.50% Senior
Insured Quarterly Notes due September 30, 2018. Said Notes were registered under
the Securities Act of 1933, as amended, pursuant to the shelf registration
statement (Registration Statement Nos. 333-53299, 333-53299-01, 333-53299-02 and
333-53299-03) of the Company.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
1 Underwriting Agreement, dated August 11, 1998, among the
Company and Edward D. Jones & Co., Goldman, Sachs & Co.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Prudential
Securities Incorporated as the Underwriters.
4.2 Fourth Supplemental Indenture to Senior Note Indenture dated as
of August 19, 1998, providing for the issuance of the Company's
Series D 6.50% Senior Insured Quarterly Notes due September 30,
2018.
4.7 Form of Series D 6.50% Senior Insured Quarterly Note (included
in Exhibit 4.2 above).
12.1 Computation of ratio of earnings to fixed charges. (Designated in
Form 8-K dated August 10, 1998, File No. 1-3164, as Exhibit 12.1)
12.2 Computation of ratio of earnings to fixed charges
plus preferred dividend requirements (pre-income
tax basis). (Designated in Form 8-K dated August
10, 1998, File No. 1-3164, as Exhibit 12.2)
15.1 Letter re unaudited interim financial information.
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 thereunto duly authorized.
Date: August 18, 1998 ALABAMA POWER COMPANY
By /s/ Wayne Boston
Wayne Boston
Assistant Secretary