Southern Power 8-K Results of Operations and Financial Condition

Exhibit 99.07
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
	Three Months Ended September						Year-to-Date September
	2017		2016		% Change		2017			2016		% Change
Southern Company –
Operating Revenues	$	6,201	$	6,264	(1.0	)%	$	17,403		$	14,715	18.3	%
Earnings Before Income Taxes	1,699		1,616		5.1	%	744			3,241		(77.0	)%
Net Income Available to Common	1,069		1,139		(6.1	)%	347			2,251		(84.6	)%
Alabama Power –
Operating Revenues	$	1,740	$	1,785	(2.5	)%	$	4,606		$	4,561	1.0	%
Earnings Before Income Taxes	546		575		(5.0	)%	1,236			1,196		3.3	%
Net Income Available to Common	325		352		(7.7	)%	729			721		1.1	%
Georgia Power –
Operating Revenues	$	2,546	$	2,698	(5.6	)%	$	6,426		$	6,621	(2.9	)%
Earnings Before Income Taxes	934		967		(3.4	)%	1,906			1,964		(3.0	)%
Net Income Available to Common	580		600		(3.3	)%	1,188			1,217		(2.4	)%
Gulf Power –
Operating Revenues	$	437	$	436	0.2	%	$	1,144		$	1,136	0.7	%
Earnings Before Income Taxes	103		77		33.8	%	199			189		5.3	%
Net Income Available to Common	63		45		40.0	%	117			108		8.3	%
Mississippi Power –
Operating Revenues	$	341	$	352	(3.1	)%	$	915		$	885	3.4	%
Earnings (Loss) Before Income Taxes	64		24		166.7	%	(2,918		)	11		N/M
Net Income (Loss) Available to Common	40		26		53.8	%	(2,034		)	39		N/M
Southern Power –
Operating Revenues	$	618	$	500	23.6	%	$	1,597		$	1,189	34.3	%
Earnings Before Income Taxes	115		101		13.9	%	195			187		4.3	%
Net Income Available to Common	124		176		(29.5	)%	276			315		(12.4	)%
Southern Company Gas1 –
Operating Revenues	$	565	$	543	4.1	%	$	2,841		$	543	N/M
Earnings Before Income Taxes	67		11		N/M		536			11		N/M
Net Income Available to Common	15		4		N/M		303			4		N/M
N/M - not meaningful
Notes
- In connection with the adoption in the fourth quarter 2016 of a new accounting standard for stock compensation, previously reported amounts for income tax expense were reduced by a total of $9 million and $25 million for the three and nine months ended September 30, 2016, respectively.
(1) On July 1, 2016, Southern Company completed the acquisition of Southern Company Gas.