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Press release from PR Newswire

Gulf Power announces planned partial redemption of Series H 5.25% due July 15, 2033

Monday, May 21, 2012

Gulf Power announces planned partial redemption of Series H 5.25% due July 15, 203308:00 EDT Monday, May 21, 2012PENSACOLA, Fla., May 21, 2012 /PRNewswire/ -- Gulf Power Company today announced the planned partial redemption on June 20, 2012, of $30 million aggregate principal amount of its Series H 5.25% Senior Notes due July 15, 2033. The redemption price for the partial redemption of the Series H 5.25% Senior Notes due July 15, 2033 (NYSE Symbol: GUL) will be 100% of the principal amount thereof ($25 per senior note), plus accrued and unpaid interest to the date of redemption.As trustee, The Bank of New York Mellon is expected to notify each registered holder by first class mail on or about May 21, 2012.  The Bank of New York Mellon is located at 101 Barclay Street, 1st Floor East, New York, New York 10286.Gulf Power is a subsidiary of Southern Company, one of the nation's largest generators of electricity.  The company is an investor-owned, tax-paying utility, serving 71 towns and communities in Northwest Florida. SOURCE Gulf Power CompanyFor further information: John Hutchinson, +1-850-444-6750, jlhutchi@southernco.com