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 September				Year-to-Date September
		2010		2009		2010		2009
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	756	$	726	$	1,713	$	1,449
Southern Power		62		67		106		126
Total		818		793		1,819		1,575
Parent Company and Other		(1)		(3)		3		(181)
Net Income–As Reported	$	817	$	790	$	1,822	$	1,394
Basic Earnings Per Share -	$	0.98	$	0.99	$	2.20	$	1.77
Average Shares Outstanding (in millions)		836		798		829		790
End of Period Shares Outstanding (in millions)						839		801
	Three Months Ended September				Year-to-Date September
		2010		2009		2010		2009
Consolidated Earnings–Excluding Items
(See Notes)
Net Income–As Reported	$	817	$	790	$	1,822	$	1,394
MC Asset Recovery Litigation Settlement		-		-		-		202
Net Income–Excluding Items	$	817	$	790	$	1,822	$	1,596
Basic Earnings Per Share–Excluding Items	$	0.98	$	0.99	$	2.20	$	2.02

Notes

-  For the three months and nine months ended September 30, 2010 and 2009, dilution does not change basic earnings per share by more than 1 cent and is 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 nine months ended September 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.