Exhibit 99(i)
                                                          
                  MISSISSIPPI POWER & LIGHT COMPANY
                         STATEMENT OF INCOME
                  Twelve Months Ended June 30, 1995
                           (In Thousands)
                             (Unaudited)
                                                                       
                                                                       
Operating Revenues:                                             $864,315
                                                                --------        
Operating Expenses:                                                     
 Operation and maintenance:                                             
   Fuel and fuel-related expenses                                163,488
   Purchased power                                               240,149
   Other operation and maintenance                               151,893
 Depreciation and amortization                                    37,570
 Taxes other than income taxes                                    44,310
 Income taxes                                                     18,892
 Amortization of rate deferrals                                  109,737
                                                                --------
           Total                                                 766,039
                                                                --------        
Operating Income                                                  98,276
                                                                --------        
Other Income (Deductions):                                              
 Allowance for equity funds used                                        
   during construction                                             1,167
 Miscellaneous - net                                                (512)
 Income taxes                                                      3,945
                                                                --------
           Total                                                   4,600
                                                                --------        
Interest Charges:                                                       
 Interest on long-term debt                                       46,666
 Other interest - net                                              5,834
 Allowance for borrowed funds used                                      
   during construction                                              (853)
                                                                --------
          Total                                                   51,647
                                                                --------        
Net Income                                                        51,229
                                                                       
Preferred Stock Dividend Requirements and Other                    6,845
                                                                --------       
Earnings Applicable to Common Stock                              $44,384
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