Southern Power 8-K Results of Operations and Financial Condition

Exhibit 99.07

Southern Company

Financial Overview

 (In Millions of Dollars)

	Three Months Ended March
		2010		2009	% Change
Consolidated –
Operating Revenues	$	4,157	$	3,666	13.4%
Earnings Before Income Taxes		747		309	141.5%
Net Income Available to Common		495		126	293.3%
Alabama Power –
Operating Revenues	$	1,495	$	1,340	11.6%
Earnings Before Income Taxes		335		241	38.9%
Net Income Available to Common		203		146	38.6%
Georgia Power –
Operating Revenues	$	1,984	$	1,766	12.4%
Earnings Before Income Taxes		335		189	77.4%
Net Income Available to Common		238		122	94.7%
Gulf Power –
Operating Revenues	$	357	$	284	25.5%
Earnings Before Income Taxes		42		26	64.4%
Net Income Available to Common		25		17	52.9%
Mississippi Power –
Operating Revenues	$	284	$	269	5.6%
Earnings Before Income Taxes		25		29	-12.1%
Net Income Available to Common		15		18	-15.1%
Southern Power –
Operating Revenues	$	256	$	232	10.8%
Earnings Before Income Taxes		24		45	-46.3%
Net Income Available to Common		15		28	-46.9%

Notes

- Certain prior year data has been reclassified to conform with current year presentation.

- Information contained in this report is subject to audit and adjustments.  Certain classifications may be different from final results published in the Form 10-Q.