Exhibit 99.06
Southern Company
Financial Overview
(In Millions of Dollars)
3 Months Ended March
-----------------------------------------
2006 2005 % Change
---- ---- --------
Consolidated -
Operating Revenues $3,063 $2,787 9.9%
Earnings Before Income Taxes 367 393 -6.7%
Net Income 262 323 -19.0%
Alabama Power -
Operating Revenues $1,073 $970 10.6%
Earnings Before Income Taxes 142 113 25.4%
Net Income Available to Common 82 93 -12.1%
Georgia Power -
Operating Revenues $1,487 $1,370 8.5%
Earnings Before Income Taxes 213 227 -6.4%
Net Income Available to Common 132 142 -7.5%
Gulf Power -
Operating Revenues $263 $225 17.1%
Earnings Before Income Taxes 21 22 -6.2%
Net Income Available to Common 12 15 -15.3%
Mississippi Power -
Operating Revenues $209 $215 -3.0%
Earnings Before Income Taxes 25 28 -12.1%
Net Income Available to Common 15 17 -9.8%
Savannah Electric -
Operating Revenues $97 $89 9.5%
Earnings Before Income Taxes 1 2 -49.9%
Net Income Available to Common 0 1 -71.3%
Southern Power -
Operating Revenues $140 $153 -8.5%
Earnings Before Income Taxes 32 38 -13.6%
Net Income Available to Common 20 23 -13.8%
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.