Alabama Power Company announced a notice of redemption for its 5.00% Class A Preferred Stock, effective October 14, 2022. The redemption price is set at $25.00 per share, plus accrued dividends of $0.045. Regular dividends will be paid on October 1, 2022 to shareholders of record as of September 16, 2022. No further dividends will accrue after the redemption date. For inquiries, holders can contact EQ Shareowner Services.
Southern Company hosted a virtual event titled Investing in Tomorrow, Today, emphasizing the significance of a diverse talent pipeline in the clean energy sector. Key participants included U.S. Senator Raphael Warnock and Georgia Power’s CEO Chris Womack. The event highlighted a $50 million investment by Southern Company in HBCUs since 2021, aimed at enhancing educational equity and supporting diverse energy workforce initiatives. The company affirmed its commitment to diversity, equity, and innovation in building a clean energy future.
Shipshape, based in Austin, Texas, plans to establish a new Network Operations Center in Birmingham, Alabama, aiming to create over 750 high-tech jobs by 2025. The center will occupy the top floor of a Class-A office building on Arlington Avenue. This initiative builds on previous partnerships with Alabama Power and participation in the Techstars Alabama EnergyTech Accelerator. Shipshape focuses on smart home technology, assisting homeowners in reducing maintenance costs while enhancing efficiency.