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 September					Year-to-Date September
		2008		2007	% Change		2008		2007	% Change
Consolidated –
Operating Revenues	$	5,426	$	4,832	12.3%	$	13,325	$	12,013	10.9%
Earnings Before Income Taxes		1,215		1,207	0.6%		2,394		2,336	2.5%
Net Income		780		762	2.4%		1,556		1,530	1.7%
Alabama Power –
Operating Revenues	$	1,865	$	1,635	14.1%	$	4,672	$	4,168	12.1%
Earnings Before Income Taxes		418		408	2.5%		888		853	4.1%
Net Income Available to Common		252		246	2.2%		535		508	5.2%
Georgia Power –
Operating Revenues	$	2,644	$	2,444	8.2%	$	6,620	$	5,945	11.4%
Earnings Before Income Taxes		644		630	2.2%		1,292		1,122	15.1%
Net Income Available to Common		402		399	0.6%		826		719	14.8%
Gulf Power –
Operating Revenues	$	422	$	377	12.0%	$	1,083	$	971	11.5%
Earnings Before Income Taxes		62		55	12.5%		137		121	13.2%
Net Income Available to Common		37		34	9.3%		84		74	12.9%
Mississippi Power –
Operating Revenues	$	381	$	333	14.5%	$	965	$	863	11.8%
Earnings Before Income Taxes		56		56	0.8%		121		131	-7.8%
Net Income Available to Common		36		34	5.1%		76		80	-4.9%
Southern Power –
Operating Revenues	$	516	$	348	48.3%	$	1,048	$	784	33.6%
Earnings Before Income Taxes		97		86	13.5%		203		205	-0.9%
Net Income Available to Common		60		51	15.8%		124		123	0.5%

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.