EXHIBIT 99.04
Southern Company
Analysis of Consolidated Earnings
(In Millions of Dollars)
3 Months Ended September Year-to-Date September
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2006 2005 Change 2006 2005 Change
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Income Account-
Retail Revenue $3,853 $3,672 $181 $ 9,295 $ 8,496 $799
Wholesale Revenue 506 506 - 1,361 1,238 123
Other Electric Revenues 120 111 9 347 322 25
Non-regulated Operating Revenues 70 69 1 201 209 (8)
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Total Revenues 4,549 4,358 191 11,204 10,265 939
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Fuel and Purchased Power 1,865 1,756 109 4,464 3,835 629
Non-fuel O & M 840 848 (8) 2,547 2,491 56
Depreciation and Amortization 300 298 2 897 876 21
Taxes Other Than Income Taxes 187 179 8 541 505 36
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Total Operating Expenses 3,192 3,081 111 8,449 7,707 742
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Operating Income 1,357 1,277 80 2,755 2,558 197
Other Income, net 11 7 4 26 26 -
Interest Charges and Dividends 225 202 23 660 573 87
Income Taxes 405 351 54 735 574 161
Discontinued Operations, net of tax - (9) 9 (1) (5) 4
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NET INCOME (See Notes) $ 738 $ 722 $ 16 $ 1,385 $ 1,432 $(47)
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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.