Mississippi Power (MSPWP) 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
		2008		2007	% Change		2008		2007	% Change
Consolidated –
Operating Revenues	$	3,802	$	3,340	13.8%	$	17,127	$	15,353	11.6%
Earnings Before Income Taxes		263		233	13.2%		2,657		2,569	3.4%
Net Income		186		204	-9.0%		1,742		1,734	0.4%
Alabama Power –
Operating Revenues	$	1,405	$	1,192	17.9%	$	6,077	$	5,360	13.4%
Earnings Before Income Taxes		136		114	19.0%		1,023		967	5.8%
Net Income Available to Common		81		71	13.9%		616		580	6.3%
Georgia Power –
Operating Revenues	$	1,791	$	1,627	10.1%	$	8,412	$	7,572	11.1%
Earnings Before Income Taxes		116		137	-15.9%		1,408		1,260	11.8%
Net Income Available to Common		77		117	-34.0%		903		836	8.0%
Gulf Power –
Operating Revenues	$	304	$	289	5.3%	$	1,387	$	1,260	10.1%
Earnings Before Income Taxes		22		14	53.8%		159		135	17.4%
Net Income Available to Common		14		10	47.5%		98		84	16.9%
Mississippi Power –
Operating Revenues	$	292	$	251	16.4%	$	1,257	$	1,114	12.8%
Earnings Before Income Taxes		16		7	125.0%		136		138	-1.1%
Net Income Available to Common		10		4	161.0%		86		84	2.3%
Southern Power –
Operating Revenues	$	266	$	188	41.4%	$	1,314	$	972	35.1%
Earnings Before Income Taxes		34		11	227.5%		237		215	10.3%
Net Income Available to Common		20		8	145.5%		144		132	9.7%

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.