| Exhibit 99.05 |
| Southern Company |
| Consolidated Earnings |
| (In Millions of Dollars) |
| Three Months Ended December | Year-to-Date December | |||||||||||||||||||||||
| 2009 | 2008 | Change | 2009 | 2008 | Change | |||||||||||||||||||
| Income Account- | ||||||||||||||||||||||||
| Retail Revenues- | ||||||||||||||||||||||||
| Fuel | $ | 1,188 | $ | 1,406 | $ | (218 | ) | $ | 5,285 | $ | 5,912 | $ | (627 | ) | ||||||||||
| Non-Fuel | 1,764 | 1,715 | 49 | 8,022 | 8,143 | (121 | ) | |||||||||||||||||
| Wholesale Revenues | 394 | 520 | (126 | ) | 1,802 | 2,400 | (598 | ) | ||||||||||||||||
| Other Electric Revenues | 141 | 131 | 10 | 533 | 545 | (12 | ) | |||||||||||||||||
| Non-regulated Operating Revenues | 23 | 30 | (7 | ) | 101 | 127 | (26 | ) | ||||||||||||||||
| Total Revenues | 3,510 | 3,802 | (292 | ) | 15,743 | 17,127 | (1,384 | ) | ||||||||||||||||
| Fuel and Purchased Power | 1,429 | 1,738 | (309 | ) | 6,426 | 7,633 | (1,207 | ) | ||||||||||||||||
| Non-fuel O & M | 994 | 1,028 | (34 | ) | 3,517 | 3,748 | (231 | ) | ||||||||||||||||
| MCAR Litigation Settlement | 0 | 0 | 0 | 202 | 0 | 202 | ||||||||||||||||||
| Depreciation and Amortization | 409 | 373 | 36 | 1,508 | 1,443 | 65 | ||||||||||||||||||
| Taxes Other Than Income Taxes | 197 | 194 | 3 | 818 | 797 | 21 | ||||||||||||||||||
| Total Operating Expenses | 3,029 | 3,333 | (304 | ) | 12,471 | 13,621 | (1,150 | ) | ||||||||||||||||
| Operating Income | 481 | 469 | 12 | 3,272 | 3,506 | (234 | ) | |||||||||||||||||
| Other Income, net | 75 | 11 | 64 | 241 | 82 | 159 | ||||||||||||||||||
| Interest Charges | 220 | 201 | 19 | 905 | 866 | 39 | ||||||||||||||||||
| Income Taxes | 69 | 77 | (8 | ) | 898 | 915 | (17 | ) | ||||||||||||||||
| Net Income | 267 | 202 | 65 | 1,710 | 1,807 | (97 | ) | |||||||||||||||||
| Dividends on Preferred and Preference Stock of Subsidiaries | 16 | 16 | 0 | 65 | 65 | 0 | ||||||||||||||||||
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK (See Notes) | $ | 251 | $ | 186 | $ | 65 | $ | 1,645 | $ | 1,742 | $ | (97 | ) | |||||||||||
| 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. |