Alabama Power Company $80,000,000 tax-exempt bond remarketing

Hunton & Williams LLP advised The Frazer Lanier Company Incorporated,. as remarketing agent for the remarketing of $80,000,000 Pollution Control Revenue Bonds (Alabama Power Company Barry Plant Project), Series 2007-B. The Bonds were originally issued by The Industrial Development Board of the City of Mobile, Alabama and the proceeds were loaned to Alabama Power Company (“Alabama Power”) to finance a portion of the costs of the acquisition, construction, equipping and sale to Alabama Power of pollution control and environmental improvement facilities at the James M. Barry Electric Generating Plant, located near the City of Mobile, Alabama.

Alabama Power provides electricity supply and service to 1.4 million homes, businesses and industries in the southern two-thirds of Alabama. It is the second largest of the four U.S. utilities operated by Southern Company, one of the nation's largest producers of electricity. More than 78,000 miles of power lines carry electricity to customers throughout 44,500 square miles.

The Hunton & Williams LLP team included Bud Ellis and Danielle Herrick. Chris Kulp provided tax advice.