# EDGAR Filing Document

**Accession Number:** 0000003153
**File Stem:** 0000003153-25-000022
**Filing Date:** 2025-9
**Character Count:** 4226
**Document Hash:** eac6125d583b14d991dceb016e75f553
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000003153-25-000022.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0000003153-25-000022

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250902

**DATE AS OF CHANGE**: 20250902

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALABAMA POWER CO
- **CENTRAL INDEX KEY:** 0000003153
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 630004250
- **STATE OF INCORPORATION:** AL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-269983
- **FILM NUMBER:** 251285176

**BUSINESS ADDRESS:**
- **STREET 1:** 600 N 18TH ST
- **STREET 2:** P O BOX 2641
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35291
- **BUSINESS PHONE:** 2052571000

**MAIL ADDRESS:**
- **STREET 1:** 600 N 18TH ST
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35291
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALABAMA POWER CO
- **CENTRAL INDEX KEY:** 0000003153
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 630004250
- **STATE OF INCORPORATION:** AL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 600 N 18TH ST
- **STREET 2:** P O BOX 2641
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35291
- **BUSINESS PHONE:** 2052571000

**MAIL ADDRESS:**
- **STREET 1:** 600 N 18TH ST
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35291

**Filed Pursuant to Rule 433**

**Registration No. 333-269983**

**September 2, 2025**

**PRICING TERM SHEET**

**(To Preliminary Prospectus Supplement dated September 2, 2025)**

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| | |
|:---|:---|
| Issuer: | Alabama Power Company |
| Security: | Series 2025C 4.30% Senior Notes due March 15, 2031 |
| Expected Ratings:\* | A1(Stable)/A(Stable)/A+(Stable) (Moody's/Standard & Poor's/Fitch) |
| Principal Amount: | $500000000 |
| Initial Public Offering Price: | 99.789% |
| Maturity Date: | March 15, 2031 |
| Benchmark Treasury: | 3.625% due August 31, 2030 |
| Benchmark Treasury Yield: | 3.743% |
| Spread to Treasury: | +60 basis points |
| Re-offer Yield: | 4.343% |
| Optional Redemption: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Make-Whole Call: | Prior to January 15, 2031 at T+10 basis points |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Par Call: | On or after January 15, 2031 at 100% |
| Coupon: | 4.30% |
| Interest Payment Dates: | March 15 and September 15 of each year, beginning March 15, 2026 |
| Format: | SEC Registered |
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof |
| CUSIP/ISIN: | 010392 GE2/US010392GE29 |
| Trade Date: | September 2, 2025 |
| Expected Settlement Date: | September 5, 2025 (T+3) |
| Joint Book-Running Managers: | PNC Capital Markets LLC<br>Scotia Capital (USA) Inc.<br>Truist Securities, Inc. |
| Co-Managers: | BBVA Securities Inc.<br>CIBC World Markets Corp.<br>Regions Securities LLC<br>FHN Financial Securities Corp.<br>Park Place Capital Securities Corp.<br>PNFP Capital Markets, Inc.<br>C.L. King & Associates, Inc.<br>R. Seelaus & Co., LLC<br>Security Capital Brokerage, Inc. |

---

\*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Alabama Power Company collect at 1-205-257-2619, PNC Capital Markets LLC toll free at 1-855-881-0697, Scotia Capital (USA) Inc. toll free at 1-800-372-3930 or Truist Securities, Inc. toll free at 1-800-685-4786.

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