Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
| Three Months Ended March | |||||
| 2010 | 2009 | ||||
| Consolidated Earnings–As Reported | |||||
| (See Notes) | |||||
| Traditional Operating Companies | $ | 481 | $ | 303 | |
| Southern Power | 15 | 28 | |||
| Total | 496 | 331 | |||
| Parent Company and Other | (1) | (205) | |||
| Net Income–As Reported | $ | 495 | $ | 126 | |
| Basic Earnings Per Share - | $ | 0.60 | $ | 0.16 | |
Average Shares Outstanding (in millions) | 823 | 780 | |||
End of Period Shares Outstanding (in millions) | 825 | 783 | |||
| Three Months Ended March | |||||
| 2010 | 2009 | ||||
| Consolidated Earnings–Excluding Items | |||||
| (See Notes) | |||||
| Net Income–As Reported | $ | 495 | $ | 126 | |
| MC Asset Recovery Litigation Settlement | 0 | 202 | |||
| Net Income–Excluding Items | $ | 495 | $ | 328 | |
| Basic Earnings Per Share–Excluding Items | $ | 0.60 | $ | 0.42 | |
| Notes |
- For the three months ended March 31, 2010 and 2009, diluted earnings per share are not more than 1 cent per share and are not material. |
- The charge related to Southern Company's MC Asset Recovery litigation settlement significantly impacted the presentation of earnings and earnings |
per share for the three months ended March 31, 2009, and significant charges related to the Mirant spin-off are not expected to occur in the future. |
- 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. |