Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
3 Months Ended March
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2006 2005
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(Notes) (Notes)
Consolidated Earnings-
(See Notes)
Retail Business $ 194 $ 233
Competitive Generation 70 58
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Total 264 291
Synthetic Fuels 9 22
Leasing Business 6 6
Parent Company and Other (17) 4
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Net Income $ 262 $ 323
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Basic Earnings Per Share-(See Notes) $ 0.35 $ 0.43
Operating Revenues $ 3,063 $ 2,787
Average Shares Outstanding (in millions) 742 744
End of Period Shares Outstanding (in millions) 742 745
Notes
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- - 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.
- - For 3 months ended March 2006 and 2005, diluted earnings per share are not
more than 1 cent per share and are 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
and certain classifications may be different from final results published
in the Form 10-Q.