Alabama Power's Charitable Trust provides Alabamians impacted by winter weather with $250K in emergency bill assistance
Rhea-AI Summary
Alabama Power, a subsidiary of Southern Company (NYSE: SO), announced its Alabama Business Charitable Trust will provide $250,000 in emergency bill assistance to help Alabamians affected by Winter Storms Cora and Enzo. This funding is additional to the Trust's annual $1 million energy bill assistance support.
The emergency funds will be distributed through community action agencies and Project Share, in partnership with the Salvation Army. Eligible applicants must have income at or below 250% of federal poverty guidelines, ranging from $37,650 annually for single-person households to $131,800 for eight-person households. The assistance can be used for various energy costs including gas, electric, kerosene, wood, and propane for January 2025.
Positive
- Additional $250,000 charitable contribution shows strong community engagement
- Demonstrates financial stability and ability to provide emergency support
- Maintains stable customer base of 1.5 million across Alabama
Negative
- None.
News Market Reaction – SO
In the trading session that priced this news, SO gained 2.54%, reflecting a moderate positive market reaction.
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"Alabamians experienced unprecedented weather this month and unexpected heating costs may be a financial burden to some," said Staci Brown Brooks, Alabama Power's vice president of Charitable Giving and Executive Director of the Alabama Business Charitable Trust. "The Trust has offered steady energy-related assistance to low-income families for more than 30 years now. We hope these extra funds will be helpful."
The ABC Trust provides
These energy bill support funds will be distributed by community action agencies across the state and through Project Share, a program supported by Alabama Power in partnership with the Salvation Army to help low-income Alabamians. Funds will be available to individuals in counties served by the ABC Trust that were affected by the recent winter storms, as outlined in Governor Kay Ivey's two winter weather emergency declarations in January.
The emergency assistance funds can be used to pay a portion of energy bills, such as gas, electric, kerosene, wood and propane costs, for January 2025.
Applicants must provide proof of income at or below 250 percent of federal poverty guidelines, based on household size, as listed below to be eligible for funds. Those interested can contact their local community action agency. Senior citizens aged 60 and older or individuals with disabilities can apply by contacting the Salvation Army at (205) 328-2420 and selecting Prompt 2.
Person per household | Annual income | Monthly |
1-person household | ||
2-person household | ||
3-person household | ||
4-person household | ||
5-person household | ||
6-person household | ||
7-person household | ||
8-person household | ||
Learn more about the ABC Trust and Alabama Power's charitable giving efforts at PowerofGood.org.
About Alabama Power
Alabama Power, a subsidiary of
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SOURCE Alabama Power Company