| Exhibit 99.02 |
| Southern Company |
| Financial Highlights |
| (In Millions of Dollars Except Earnings Per Share) |
| Three Months Ended December | Year-to-Date December | |||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||
| Consolidated Earnings–As Reported | ||||||||||||||
| (See Notes) | ||||||||||||||
| Traditional Operating Companies | $ | 248 | $ | 146 | $ | 2,052 | $ | 1,859 | ||||||
| Southern Power | 24 | 22 | 162 | 131 | ||||||||||
| Total | 272 | 168 | 2,214 | 1,990 | ||||||||||
| Parent Company and Other | (11) | (15) | (11) | (15) | ||||||||||
| Net Income–As Reported | $ | 261 | $ | 153 | $ | 2,203 | $ | 1,975 | ||||||
| Basic Earnings Per Share | $ | 0.30 | $ | 0.18 | $ | 2.57 | $ | 2.37 | ||||||
Average Shares Outstanding (in millions) | 865 | 842 | 857 | 832 | ||||||||||
End of Period Shares Outstanding (in millions) | 867 | 844 | ||||||||||||
| Notes |
| - For the three months and twelve months ended December 31, 2011 and 2010, dilution does not change basic earnings per share by more than 2 cents 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-K. |
