Exhibit 99.03
Southern Company
Significant Factors Impacting EPS
| Three Months Ended March | ||||||||
| 2010 | 2009 | Change | ||||||
| Consolidated Earnings Per Share– | ||||||||
| As Reported (See Notes) | $ | 0.60 | $ | 0.16 | $ | 0.44 | ||
| Significant Factors: | ||||||||
| Traditional Operating Companies | 0.23 | |||||||
| Southern Power | (0.02) | |||||||
| Parent Company and Other | 0.26 | |||||||
| Additional Shares | (0.03) | |||||||
| Total–As Reported | $ | 0.44 | ||||||
| Three Months Ended March | ||||||||
| 2010 | 2009 | Change | ||||||
| Consolidated Earnings Per Share– | ||||||||
| Excluding Items (See Notes) | $ | 0.60 | $ | 0.42 | $ | 0.18 | ||
| Total–As Reported | 0.44 | |||||||
| MC Asset Recovery Litigation Settlement | (0.26) | |||||||
| Total–Excluding Items | $ | 0.18 | ||||||
| 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. |