Exhibit 99.03 |
Southern Company |
Significant Factors Impacting EPS |
| 3 Months Ended March | ||||
| 2008 |
| 2007 |
| Change |
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Consolidated Earnings–As Reported | $ 0.47 |
| $ 0.45 |
| $ 0.02 |
(See Notes) |
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Significant Factors: |
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Traditional Operating Companies |
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| 0.07 |
Southern Power |
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| - |
Synthetic Fuels |
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| (0.04) |
Parent Company and Other |
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| - |
Additional Shares |
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| (0.01) |
Total–As Reported |
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| $ 0.02 |
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| . |
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| 3 Months Ended March | ||||
| 2008 |
| 2007 |
| Change |
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Consolidated Earnings–Excluding Synfuels | $ 0.47 |
| $ 0.41 |
| $ 0.06 |
(See Notes) |
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Total–As Reported |
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| 0.02 |
Less: Synthetic Fuels |
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| 0.04 |
Total–Excluding Synthetic Fuels |
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| $ 0.06 |
Notes |
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- For the first quarter 2008 and 2007, diluted earnings per share was less than 1 cent per share. |
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- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007. |
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Synthetic fuel related income no longer materially contributes to Southern Company's earnings or |
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earnings per share. |
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- Certain prior year data has been reclassified to conform with current year presentation. |
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- Information contained in this report is subject to audit and adjustments. Certain classifications may be |
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different from final results published in the Form 10-Q. |
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