Gulf Power (GLFPN) 8-K Results of Operations and Financial Condition

Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended September									Year-to-Date September
	2013			2012			Change			2013			2012			Change
Income Account-
Retail Revenues-
Fuel	$	1,435		$	1,445		$	(10	)	$	3,830		$	3,709		$	121
Non-Fuel	2,884			2,934			(50		)	7,407			7,359			48
Wholesale Revenues	520			497			23			1,406			1,261			145
Other Electric Revenues	166			157			9			477			459			18
Non-regulated Operating Revenues	12			16			(4		)	40			46			(6		)
Total Revenues	5,017			5,049			(32		)	13,160			12,834			326
Fuel and Purchased Power	1,725			1,717			8			4,583			4,362			221
Non-fuel O & M	928			906			22			2,849			2,817			32
MC Asset Recovery Insurance Settlement	—			—			—			—			(19		)	19
Depreciation and Amortization	480			449			31			1,422			1,335			87
Taxes Other Than Income Taxes	243			237			6			710			690			20
Estimated Loss on Kemper IGCC	150			—			150			1,140			—			1,140
Total Operating Expenses	3,526			3,309			217			10,704			9,185			1,519
Operating Income	1,491			1,740			(249		)	2,456			3,649			(1,193		)
Allowance for Equity Funds Used During Construction	53			39			14			139			102			37
Leveraged Lease Income (Loss)	5			5			—			(11		)	16			(27		)
Interest Expense, Net of Amounts Capitalized	202			218			(16		)	628			649			(21		)
Other Income (Expense), net	(10		)	(4		)	(6		)	(20		)	(4		)	(16		)
Income Taxes	468			569			(101		)	657			1,098			(441		)
Net Income	869			993			(124		)	1,279			2,016			(737		)
Dividends on Preferred and Preference Stock of Subsidiaries	17			17			—			49			49			—
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK	$	852		$	976		$	(124	)	$	1,230		$	1,967		$	(737	)
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 quarter-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-Q.