Filed Pursuant to Rule 433 Registration Nos. 333-126348, 333-126348-01, 333-126348-02 and 333-126348-03 January 11, 2006 PRICING TERM SHEET (To Prospectus Supplement dated January 11, 2006) Issuer: Alabama Power Company Issue: Series FF Senior Notes due January 15, 2016 Offering Size: $200,000,000 Coupon: 5.200% per annum, payable semi-annually Maturity: January 15, 2016 Treasury Benchmark: 4.500% due November 15, 2015 US Treasury Spot: 100-10 US Treasury Yield: 4.460% Spread to Treasury: 77 basis points Re-offer Yield: 5.230% Price to Public (Issue Price): 99.769% Gross Proceeds: $199,538,000 Gross Spread: 0.65% All-in Price: 99.119% Net Proceeds to Issuer: $198,238,000 Optional Redemption: Make Whole T + 15 bp Minimum Denomination: $1,000 Ratings: A2 / A Trade Date: January 11, 2006 Settlement Date: On or about January 18, 2006 Day Count Convention: 30/360 CUSIP: 010392ER5 Joint Bookrunners: Citigroup Global Markets Inc. and Goldman, Sachs & Co. Co-managers: BNY Capital Markets, Inc., Jackson Securities, LLC, Morgan Keegan & Company, Inc. and Scotia Capital (USA) Inc. 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 Web site 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 toll-free 1-800-248-3580 or 1-866-471-2526.