Exhibit 99.04
Southern Company
EPS Earnings Analysis
Three Months Ended September 2010
| Cents | Description | |||
| 0.02 | Retail Sales | |||
| 0.11 | Retail Revenue Impacts | |||
| 0.15 | Weather | |||
| (0.01) | Non-Fuel Revenues | |||
| (0.15) | Non-Fuel O&M | |||
| (0.07) | Depreciation & Amortization | |||
| (0.01) | Taxes Other Than Income Taxes | |||
| $0.04 | Total Traditional Operating Companies | |||
| (0.01) | Southern Power | |||
| 0.00 | Parent and Other | |||
| (0.04) | Increase in Shares | |||
| ($0.01) | Total Change in QTD EPS | |||
| Notes | ||||
| - | 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. | |||