Georgia Power (GPJA) 8-K Results of Operations and Financial Condition

  Exhibit 99.04

Southern Company

EPS Earnings Analysis

Three Months Ended June 2011

Cents	Description
2¢	Retail Sales
14	Retail Revenue Impacts
1	Weather
(1)	Wholesale Revenues
1	Other Operating Revenues
(5)	Depreciation & Amortization
(2)	Other Income & Deductions
1	Interest Expense
(1)	Taxes Other Than Income Taxes
(1)	Income Taxes
9¢	Total Traditional Operating Companies
2	Southern Power
(2)	Increase in Shares
9¢	Total Change in QTD EPS

Notes
-	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.