2,000,000 SharesUnderwriting Agreement • October 18th, 2007 • Alabama Power Co • Electric services • New York
Alabama Power Company, an Alabama corporation (the “Company”), confirms its agreement (the “Agreement”) with you (collectively, the “Underwriters”, which term shall also include any underwriter substituted as hereinafter provided in Section 11 hereof), with respect to the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of 2,000,000 shares of 6.50% Series Preference Stock, Non-Cumulative, Par Value $1 Per Share (Stated Capital $25 Per Share) of the Company (the “Preference Stock”) as set forth in Schedule I hereto.
