Exhibit 99.03
Southern Company
Significant Factors Impacting EPS (See Notes)
(Excluding One-Time Items)
3 months ended December 12 months ended December
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2005 2004 Change 2005 2004 Change
---- ---- ------ ---- ---- ------
Consolidated Earnings- $ 0.21 $ 0.24 $(0.03) $ 2.14 $ 2.04 $0.10
Significant Factors:
- --------------------
Retail Business (0.04) 0.06
Competitive Generation 0.02 0.06
Synthetic Fuels - 0.01
Parent Company and Other (0.01) (0.03)
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Total $(0.03) $ 0.10
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Notes
- - Southern Company GAS completed the sale of substantially all of its assets
on January 4, 2006 and is included in consolidated earnings in all periods
as discontinued operations.
- - Excludes a one-time after tax gain of $24 million in December 2004 from the
resolution of an IRS audit for the years 2000 and 2001.
- - For 3 months ended December 2005 and 2004, diluted earnings per share are
not more than 1 cent per share and are not material. For 12 months ended
December 2005 and 2004, diluted earnings per share are (1) cent per share.
- - Certain prior year data has been reclassified to conform with current year
presentation.
- - Information contained in this report is subject to audit and adjustments
and certain classifications may be different from final results published
in the Form 10-K.