Exhibit 99.03
| Southern Company | |||||||||||||||||||||||
| Significant Factors Impacting EPS |
| Three Months Ended September | Year-to-Date September | |||||||||||||||||
| 2011 | 2010 | Change | 2011 | 2010 | Change | |||||||||||||
| Consolidated Earnings Per Share– | ||||||||||||||||||
| As Reported (See Notes) | $1.07 | $0.98 | $0.09 | $2.27 | $2.20 | $0.07 | ||||||||||||
Significant Factors: | ||||||||||||||||||
| Traditional Operating Companies | 0.13 | 0.11 | ||||||||||||||||
| Southern Power | (0.01) | 0.03 | ||||||||||||||||
| Parent Company and Other | - | - | ||||||||||||||||
| Additional Shares | (0.03) | (0.07) | ||||||||||||||||
| Total–As Reported | $0.09 | $0.07 | ||||||||||||||||
| Notes | |||||||||||||||||||||||
| - For the three months and nine months ended September 30, 2011 and 2010, dilution does not change basic earnings per share by more than 1 cent and is not material. | |||||||||||||||||||||||
| - 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 and rounding may be different from final results published in the Form 10-Q. | |||||||||||||||||||||||