Mississippi Power (MSPWP) 8-K Results of Operations and Financial Condition

Exhibit 99.02

Southern Company

Financial Highlights
(In Millions of Dollars Except Earnings Per Share)

	Three Months Ended June				Year-to-Date June
		2010		2009		2010		2009
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	475	$	420	$	957	$	723
Southern Power		30		31		45		59
Total		505		451		1,002		782
Parent Company and Other		5		27		3		(178)
Net Income–As Reported	$	510	$	478	$	1,005	$	604
Basic Earnings Per Share -	$	0.62	$	0.61	$	1.22	$	0.77
Average Shares Outstanding (in millions)		828		791		825		785
End of Period Shares Outstanding (in millions)						831		796
	Three Months Ended June				Year-to-Date June
		2010		2009		2010		2009
Consolidated Earnings–Excluding Items
(See Notes)
Net Income–As Reported	$	510	$	478	$	1,005	$	604
MC Asset Recovery Litigation Settlement		-		-		-		202
Net Income–Excluding Items	$	510	$	478	$	1,005	$	806
Basic Earnings Per Share–Excluding Items	$	0.62	$	0.61	$	1.22	$	1.03

Notes

-  For the three months and six months ended June 30, 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 six months ended June 30, 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.