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
	2012		2011		% Change		2012		2011		% Change
Consolidated –
Operating Revenues	$	3,703	$	3,696	0.2	%	$	16,537	$	17,657	(6.3	)%
Earnings Before Income Taxes	635		373		70.2	%	3,749		3,487		7.5	%
Net Income Available to Common	383		261		46.7	%	2,350		2,203		6.7	%
Alabama Power –
Operating Revenues	$	1,290	$	1,271	1.5	%	$	5,520	$	5,702	(3.2	)%
Earnings Before Income Taxes	205		182		12.6	%	1,220		1,225		(0.4	)%
Net Income Available to Common	113		102		10.8	%	704		708		(0.6	)%
Georgia Power –
Operating Revenues	$	1,735	$	1,758	(1.3	)%	$	7,998	$	8,800	(9.1	)%
Earnings Before Income Taxes	315		156		101.9	%	1,873		1,787		4.8	%
Net Income Available to Common	181		110		64.5	%	1,168		1,145		2.0	%
Gulf Power –
Operating Revenues	$	331	$	328	1.1	%	$	1,440	$	1,520	(5.3	)%
Earnings Before Income Taxes	39		29		34.4	%	211		173		22.5	%
Net Income Available to Common	23		19		20.3	%	126		105		19.9	%
Mississippi Power –
Operating Revenues	$	236	$	238	(0.8	)%	$	1,036	$	1,113	(6.9	)%
Earnings Before Income Taxes	42		20		102.7	%	200		138		45.0	%
Net Income Available to Common	33		16		104.1	%	148		94		57.3	%
Southern Power –
Operating Revenues	$	292	$	286	1.8	%	$	1,186	$	1,236	(4.0	)%
Earnings Before Income Taxes	48		22		116.3	%	268		238		12.5	%
Net Income Available to Common	31		24		30.1	%	175		162		8.0	%
Notes
- Certain prior year data has been reclassified to conform with current year presentation.
- All figures in this earnings release are preliminary and remain subject to the completion of normal year-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-K.