EXHIBIT 99.06
Southern Company
Financial Overview
(In Millions of Dollars)
3 Months Ended June Year-to-Date June
----------------------------------------- ----------------------------------------
2006 2005 % Change 2006 2005 % Change
---- ---- -------- ---- ---- --------
Consolidated -
Operating Revenues $ 3,592 $3,120 15.1% $ 6,655 $5,907 12.7%
Earnings Before Income Taxes 610 535 13.9% 977 929 5.2%
Net Income 385 387 -0.4% 647 710 -8.9%
Alabama Power -
Operating Revenues $ 1,249 $1,086 15.1% $ 2,322 $2,056 13.0%
Earnings Before Income Taxes 202 206 -2.1% 343 319 7.6%
Net Income Available to Common 118 121 -2.8% 200 215 -6.8%
Georgia Power -
Operating Revenues $ 1,699 $1,459 16.4% $ 3,186 $2,830 12.6%
Earnings Before Income Taxes 315 252 25.2% 528 479 10.2%
Net Income Available to Common 196 158 24.5% 328 300 9.3%
Gulf Power -
Operating Revenues $ 293 $ 251 16.5% $ 556 $ 476 16.8%
Earnings Before Income Taxes 37 34 6.6% 57 57 1.5%
Net Income Available to Common 22 21 2.7% 34 36 -4.6%
Mississippi Power -
Operating Revenues $ 255 $ 249 2.6% $ 464 $ 464 0.0%
Earnings Before Income Taxes 37 42 -11.8% 62 70 -11.9%
Net Income Available to Common 23 26 -11.2% 38 43 -10.6%
Southern Power -
Operating Revenues $ 194 $ 149 29.8% $ 333 $ 302 10.4%
Earnings Before Income Taxes 53 41 28.7% 85 78 8.5%
Net Income Available to Common 32 25 26.1% 52 48 7.1%
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.