Southern Company announces planned redemption of Southern Company Capital Trust VI 7.125% Trust Preferred Securities
ATLANTA – Southern Company today announced the planned redemption on July 31, 2007, of all $199,500,000 aggregate liquidation amount of the Southern Company Capital Trust VI 7.125% Trust Preferred Securities.
The redemption price for the Southern Company Capital Trust VI 7.125% Trust Preferred Securities will be $25 per Trust Preferred Security plus accrued and unpaid distributions thereon to the date of redemption.
It is expected that The Bank of New York Trust Company, N.A., as Property Trustee, will notify each registered holder by first class mail on or about June 29, 2007. The Bank of New York Trust Company, N.A. is located at 100 Ashford Center North, Suite 520, Atlanta, Georgia 30338.
With 4.3 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast, one of America’s fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for seven consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at www.southerncompany.com.
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