Alabama Power (ALP-PQ) 8-K Results of Operations and Financial Condition

   Exhibit 99.07

 Southern Company

 Financial Overview

 (In Millions of Dollars)

Three Months Ended December				Year-to-Date December
	2010	2009	% Change		2010	2009	% Change

Consolidated –
Operating Revenues	$	3,771	$	3,511	7.4%	$	17,456	$	15,743	10.9%
Earnings Before Income Taxes		270		332	-18.6%		3,066		2,604	17.8%
Net Income Available to Common		153		248	-38.2%		1,975		1,643	20.3%
Alabama Power –
Operating Revenues	$	1,313	$	1,230	6.7%	$	5,976	$	5,529	8.1%
Earnings Before Income Taxes		129		135	-4.2%		1,210		1,093	10.7%
Net Income Available to Common		55		85	-35.3%		707		670	5.7%
Georgia Power –
Operating Revenues	$	1,737	$	1,724	0.7%	$	8,349	$	7,692	8.5%
Earnings Before Income Taxes		78		151	-48.0%		1,420		1,241	14.4%
Net Income Available to Common		54		114	-52.7%		950		814	16.7%
Gulf Power –
Operating Revenues	$	347	$	299	15.9%	$	1,590	$	1,302	22.1%
Earnings Before Income Taxes		34		30	11.3%		199		170	16.9%
Net Income Available to Common		21		21	-1.1%		122		111	9.2%
Mississippi Power –
Operating Revenues	$	256	$	263	-3.0%	$	1,143	$	1,149	-0.6%
Earnings Before Income Taxes		25		15	73.5%		128		137	-6.3%
Net Income Available to Common		16		10	58.9%		80		85	-5.6%
Southern Power –
Operating Revenues	$	267	$	201	32.9%	$	1,129	$	947	19.3%
Earnings Before Income Taxes		50		36	38.1%		207		242	-14.4%
Net Income Available to Common		24		30	-19.6%		130		156	-16.6%

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-K.