Southern Power 8-K Results of Operations and Financial Condition

  Exhibit 99.05

 Southern Company

 Consolidated Earnings

 (In Millions of Dollars)

		Three Months Ended June						Year-to-Date June
		2011		2010		Change		2011		2010		Change
Income Account-
Retail Revenues-
Fuel	$	1,491	$	1,454	$	37	$	2,794	$	2,882	$	(88)
Non-Fuel		2,351		2,117		234		4,444		4,148		296
Wholesale Revenues		507		473		34		956		1,015		(59)
Other Electric Revenues		154		142		12		303		278		25
Non-regulated Operating Revenues		18		21		(3)		36		42		(6)
Total Revenues		4,521		4,207		314		8,533		8,365		168
Fuel and Purchased Power		1,817		1,757		60		3,393		3,529		(136)
Non-fuel O & M		913		918		(5)		1,855		1,827		28
Depreciation and Amortization		429		367		62		848		710		138
Taxes Other Than Income Taxes		227		214		13		447		426		21
Total Operating Expenses		3,386		3,256		130		6,543		6,492		51
Operating Income		1,135		951		184		1,990		1,873		117
Other Income, net		32		42		(10)		69		88		(19)
Interest Charges		199		219		(20)		421		441		(20)
Income Taxes		349		248		101		580		483		97
Net Income		619		526		93		1,058		1,037		21
Dividends on Preferred and Preference Stock of Subsidiaries		16		16		0		32		32		0
NET INCOME AFTER DIVIDENDS ON PREFERRED
AND PREFERENCE STOCK (See Notes)	$	603	$	510	$	93	$	1,026	$	1,005	$	21

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 and rounding may be different from final results published in the Form 10-Q.