alabama power company 2021 annual report

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Transcript of alabama power company 2021 annual report

CORPORATE INFORMATIONAlabama Power Company 2021 Annual Report

GeneralThis annual report is submitted for generalinformation and is not intended for use inconnection with any sale or purchase of, or anysolicitation of offers to buy or sell securities.

ProfileThe Company operates as a vertically integratedutility providing electric service to retail andwholesale customers within its traditionalservice territory located in the State of Alabamain addition to wholesale customers in theSoutheast. The Company provides electricservice to approximately 1.5 million customers.In 2021, retail energy sales accounted for 77%percent of the Company's total sales of 66billion kilowatt-hours.

The Company is a wholly-owned subsidiary ofThe Southern Company, which is the parentcompany of three traditional electric operatingcompanies, Southern Power Company, andSouthern Company Gas. There is no establishedpublic trading market for the Company'scommon stock.

Trustee, Registrar, and Paying AgentAll series of Senior NotesRegions BankCorporate Trust1900 5th Avenue North, 25th FloorBirmingham, AL 35203

Registrar, Transfer Agent, andDividend PayingAgentAll series of Preferred StockEQ Shareowner ServicesP.O. Box 64856St. Paul, MN 55154-0856(800) 554-7626

shareowneronline.com

Number of Preferred Shareholders of record asof December 31, 2021 was 1,017.

Dividends on the Company's common stockare payable at the discretion of the Company'sboard of directors.

Form 10-KA copy of the Form 10-K as filed with theSecurities and Exchange Commission will beprovided upon written request to the office ofthe Corporate Secretary. For additionalinformation, contact the office of theCorporate Secretary at (205) 257-1000.

Alabama Power Company600 North 18th StreetBirmingham, AL 35203(205) 257-1000www.alabamapower.com

Independent AuditorsDeloitte & Touche LLP420 North 20th StreetSuite 2400Birmingham, AL 35203

Legal CounselBalch & Bingham LLPP.O. Box 306Birmingham, AL 35201

DIRECTORS AND OFFICERSAlabama Power Company 2021 Annual Report

DirectorsAngus R. Cooper, IIIPresident,Cooper/T.Smith CorporationMark A. CrosswhiteChairman, President, and CEO,Alabama Power CompanyO.B. Grayson Hall, Jr.RetiredFormer Chairman and CEO,Regions Financial CorporationAnthony A. JosephShareholder,Maynard, Cooper & Gale, P.C.Robert D. Powers1President,The Eufaula Agency, Inc.Catherine J. RandallChairman,PRH, Inc. (f/k/a Pettus RandallHoldings, Inc.)Kevin B. Savoy2Vice President,Great Southern Wood Preserving, Inc.and Greenbush Logistics, Inc.R. Mitchell Shackleford, IIIPresident,Gulf Coast Truck andEquipment Co.Charisse D. Stokes2President,Tidal IT Solutions, LLCSelwyn M. Vickers, M.D.CEO, UAB Health System andUAB/Ascension St. Vincent’s Alliance,Senior Vice President of Medicine andDean of the University of AlabamaSchool of MedicinePhillip M. WebbPresident,Webb Concrete and Building Materials

OfficersMark A. CrosswhiteChairman, President, and CEOPhilip C. RaymondExecutive Vice President,Chief Financial Officer, and TreasurerJ. Jeffrey PeoplesExecutive Vice PresidentZeke W. SmithExecutive Vice PresidentAlexia B. BordenSenior Vice President andGeneral CounselJames P. HeilbronSenior Vice President andSenior Production OfficerGordon G. MartinSenior Vice PresidentR. Scott MooreSenior Vice PresidentJonathan K. PorterSenior Vice PresidentQuentin P. RigginsSenior Vice PresidentAnthony A. SmokeSenior Vice PresidentAnita Allcorn-WalkerVice President and ComptrollerMyla E. CalhounVice PresidentSusan B. ComenskyVice PresidentStephanie K. CooperVice PresidentMark S. CrewsVice PresidentJ. Leigh DavisVice PresidentRichard O. HuttoVice PresidentTheodore J. McCullough3

Vice President

Patrick T. Murphy, Jr.Vice PresidentKenneth F. NovakVice PresidentAshley N. RobinettVice PresidentLeslie L. SandersVice PresidentDon A. Scivley4Vice PresidentNicholas C. SellersVice PresidentRoy Sexton5

Vice PresidentTerry L. SmileyVice PresidentJ. Houston Smith, IIIVice PresidentTequila G. Smith6

Vice PresidentCeila H. ShortsCorporate SecretaryWendy M. HoomesAssistant ComptrollerMelissa K. CaenAssistant Secretary andAssistant TreasurerAmy B. RileyAssistant SecretaryChristopher R. BlakeAssistant TreasurerBrian E. GeorgeAssistant Treasurer

1 Retiring effective 4/20222 Elected effective 2/20223 Retiring effective 4/20224 Retired 9/20215 Elected effective 5/20216 Resigned 9/2021