Exhibit 99.07 |
Southern Company |
Financial Overview |
(In Millions of Dollars) |
| Three Months Ended March | ||||||
|
|
|
|
|
|
|
|
|
| 2009 |
|
| 2008 |
| % Change |
|
|
|
|
|
|
|
|
Consolidated – |
|
|
|
|
|
|
|
Operating Revenues | $ | 3,666 |
| $ | 3,683 |
| -0.5% |
Earnings Before Income Taxes |
| 309 |
|
| 553 |
| -44.2% |
Net Income Available to Common |
| 126 |
|
| 359 |
| -65.0% |
|
|
|
|
|
|
|
|
Alabama Power – |
|
|
|
|
|
|
|
Operating Revenues | $ | 1,340 |
| $ | 1,337 |
| 0.2% |
Earnings Before Income Taxes |
| 241 |
|
| 213 |
| 13.0% |
Net Income Available to Common |
| 146 |
|
| 130 |
| 12.4% |
|
|
|
|
|
|
|
|
Georgia Power – |
|
|
|
|
|
|
|
Operating Revenues | $ | 1,766 |
| $ | 1,865 |
| -5.3% |
Earnings Before Income Taxes |
| 189 |
|
| 264 |
| -28.4% |
Net Income Available to Common |
| 122 |
|
| 176 |
| -30.6% |
|
|
|
|
|
|
|
|
Gulf Power – |
|
|
|
|
|
|
|
Operating Revenues | $ | 284 |
| $ | 312 |
| -8.7% |
Earnings Before Income Taxes |
| 26 |
|
| 31 |
| -18.4% |
Net Income Available to Common |
| 17 |
|
| 20 |
| -15.3% |
|
|
|
|
|
|
|
|
Mississippi Power – |
|
|
|
|
|
|
|
Operating Revenues | $ | 269 |
| $ | 285 |
| -5.8% |
Earnings Before Income Taxes |
| 29 |
|
| 26 |
| 10.0% |
Net Income Available to Common |
| 18 |
|
| 16 |
| 11.1% |
|
|
|
|
|
|
|
|
Southern Power – |
|
|
|
|
|
|
|
Operating Revenues | $ | 232 |
| $ | 216 |
| 7.4% |
Earnings Before Income Taxes |
| 45 |
|
| 46 |
| -1.5% |
Net Income Available to Common |
| 28 |
|
| 29 |
| -3.7% |
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-Q. |