It happened at the intersection of Lakeland and Mathison streets - near Burton Elementary School - around 3:45 p.m.
Officials said there were 17 students on Bus 126, but they were evacuated safely. They were taken back to the school.
Officials said it appeared the bus driver backed into the pole, causing it to fall. The driver apparently had gone down a dead end street and was attempting to turn around when it happened.
The incident knocked out power to roughly 80 homes in the area around the accident according to Duke Energy.