Exhibit 99.04
Southern Company
Analysis of Consolidated Earnings
(In Millions of Dollars)
3 Months Ended March
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2006 2005 Change
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Income Account-
Retail Revenue $ 2,471 $ 2,269 $ 202
Wholesale Revenue 415 347 68
Other Electric Revenues 111 101 10
Non-regulated Operating Revenues 66 70 (4)
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Total Revenues 3,063 2,787 276
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Fuel and Purchased Power 1,153 963 190
Non-fuel O & M 846 810 36
Depreciation and Amortization 299 291 8
Taxes Other Than Income Taxes 175 163 12
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Total Operating Expenses 2,473 2,227 246
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Operating Income 590 560 30
Other Income, net (12) 12 (24)
Interest Charges and Dividends 210 178 32
Income Taxes 107 76 31
Discontinued Operations, net of tax 1 5 (4)
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NET INCOME (See Notes) $ 262 $ 323 $ (61)
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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.
- - 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.