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

Exhibit 99.05
Southern Company
Consolidated Earnings
(In Millions of Dollars)
	Three Months Ended March
	2013			2012			Change
Income Account-
Retail Revenues-
Fuel	$	1,137		$	1,035		$	102
Non-Fuel	2,161			2,057			104
Wholesale Revenues	432			349			83
Other Electric Revenues	155			148			7
Non-regulated Operating Revenues	12			15			(3		)
Total Revenues	3,897			3,604			293
Fuel and Purchased Power	1,357			1,205			152
Non-fuel O & M	974			967			7
Depreciation and Amortization	466			441			25
Taxes Other Than Income Taxes	235			225			10
Estimated Loss on Kemper IGCC	540			—			540
Total Operating Expenses	3,572			2,838			734
Operating Income	325			766			(441		)
Allowance for Equity Funds Used During Construction	41			31			10
Leveraged Lease Income (Loss)	(21		)	6			(27		)
Interest Expense, Net of Amounts Capitalized	211			211			—
Other Income (Expense), net	(6		)	(8		)	2
Income Taxes	31			200			(169		)
Net Income	97			384			(287		)
Dividends on Preferred and Preference Stock of Subsidiaries	16			16			—
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK (See Notes)	$	81		$	368		$	(287	)
Notes
- Certain prior year data has been reclassified to conform with current year presentation.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.