Exhibit 99.03
Southern Company
Significant Factors Impacting EPS
3 Months Ended December Year-to-Date December
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2007 2006 Change 2007 2006 Change
---- ---- ------ ---- ---- ------
Consolidated Earnings-As Reported $ 0.27 $ 0.25 $ 0.02 $ 2.29 $ 2.12 $ 0.17
(See Notes)
Significant Factors:
- --------------------
Traditional Operating Companies 0.05 0.16
Southern Power (0.02) 0.01
Synthetic Fuels - 0.06
Parent Company and Other - (0.02)
Additional Shares (0.01) (0.04)
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Total-As Reported $ 0.02 $ 0.17
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3 Months Ended December Year-to-Date December
---------------------------------- -----------------------------------
2007 2006 Change 2007 2006 Change
---- ---- ------ ---- ---- ------
Consolidated Earnings-Excluding Synfuels $ 0.26 $ 0.25 $ 0.01 $ 2.21 $ 2.10 $ 0.11
(See Notes)
Total-As Reported 0.27 2.29
Less: Synthetic Fuels (0.01) (0.08)
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Total-Excluding Synthetic Fuels $ 0.26 $ 2.21
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Notes
- - For the fourth quarter and year-to-date 2007, diluted earnings per share was
not more than 1 cent per share.
- - Tax credits associated with Southern Company's synthetic fuel investments
expired December 31, 2007 and will not contribute to Southern Company's
earnings and earnings per share after 2007.
- - Certain prior year data has been reclassified to conform with current year
presentation.
- - Information contained in this report is subject to audit and adjustments.
Certain classifications may be different from final results published in the
Form 10-K.