Gulf Power Company Executive Officers Base Salary Disclosure (Effective March 1, 2008)
This document lists the annual base salaries for the Chief Executive Officer, Chief Financial Officer, and other executive officers of Gulf Power Company as of March 1, 2008. It also notes the salary of a former Vice President for the prior year. The disclosure is intended to provide transparency regarding executive compensation at the company.
EXHIBIT 10(d)18
BASE SALARIES OF NAMED EXECUTIVE OFFICERS
GULF POWER COMPANY
Effective as of March 1, 2008, the following are the annual base salaries of the Chief Executive Officer, Chief Financial Officer and certain other executive officers of Gulf Power Company.
| Susan N. Story President and Chief Executive Officer | $396,084 |
| Ronnie R. Labrato Vice President and Chief Financial Officer | $242,959 |
| P. Bernard Jacob Vice President | $223,637 |
| Theodore J. McCullough Vice President | $182,973
|
| Bentina C. Terry Vice President | $209,572 |
Penny Manuel, Vice President of Southern Company Services, Inc., served as Vice President of the Company until August 2007. Ms. Manuel’s annual base salary for the year ended December 31, 2007 was $208,141.
