The Southern Company (SO) 8-K Results of Operations and Financial Condition

Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	3 Months Ended June					Year-to-Date June
		2008		2007	% Change		2008		2007	% Change
Consolidated –
Operating Revenues	$	4,215	$	3,772	11.8%	$	7,898	$	7,181	10.0%
Earnings Before Income Taxes		641		635	1.0%		1,179		1,129	4.4%
Net Income		416		429	-3.0%		776		768	1.0%
Alabama Power –
Operating Revenues	$	1,470	$	1,336	10.0%	$	2,806	$	2,533	10.8%
Earnings Before Income Taxes		257		250	2.8%		470		445	5.5%
Net Income Available to Common		153		147	3.9%		283		262	8.0%
Georgia Power –
Operating Revenues	$	2,111	$	1,844	14.5%	$	3,976	$	3,501	13.6%
Earnings Before Income Taxes		385		289	32.9%		649		492	31.8%
Net Income Available to Common		248		188	31.6%		424		320	32.6%
Gulf Power –
Operating Revenues	$	350	$	298	17.3%	$	661	$	595	11.2%
Earnings Before Income Taxes		44		35	25.5%		75		66	13.8%
Net Income Available to Common		27		21	26.9%		47		40	15.9%
Mississippi Power –
Operating Revenues	$	298	$	273	9.0%	$	583	$	530	10.1%
Earnings Before Income Taxes		38		43	-11.0%		64		75	-14.2%
Net Income Available to Common		24		26	-8.7%		40		46	-12.5%
Southern Power –
Operating Revenues	$	317	$	244	29.7%	$	532	$	437	21.9%
Earnings Before Income Taxes		60		66	-8.7%		106		119	-11.2%
Net Income Available to Common		35		40	-11.1%		64		72	-10.4%

Notes

- 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.