ALABAMA POWER CO - FORM 8-K - EX-99.07

Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	Three Months Ended June					Year-to-Date June

		2011		2010	% Change		2011		2010	% Change
Consolidated –
Operating Revenues	$	4,521	$	4,207	7.5%	$	8,533	$	8,365	2.0%
Earnings Before Income Taxes		968		774	25.1%		1,638		1,520	7.7%
Net Income Available to Common		603		510	18.2%		1,026		1,005	2.1%

Alabama Power –
Operating Revenues	$	1,440	$	1,462	-1.5%	$	2,760	$	2,957	-6.7%
Earnings Before Income Taxes		331		319	3.8%		589		654	-9.9%
Net Income Available to Common		190		190	0.0%		342		393	-13.0%

Georgia Power –
Operating Revenues	$	2,265	$	2,000	13.3%	$	4,254	$	3,984	6.8%
Earnings Before Income Taxes		483		359	34.8%		804		694	15.8%
Net Income Available to Common		309		238	29.8%		515		476	8.2%

Gulf Power –
Operating Revenues	$	399	$	403	-1.0%	$	724	$	760	-4.7%
Earnings Before Income Taxes		55		53	3.3%		75		95	-21.2%
Net Income Available to Common		33		32	3.2%		45		58	-21.8%

Mississippi Power –
Operating Revenues	$	286	$	277	3.3%	$	549	$	560	-2.0%
Earnings Before Income Taxes		38		25	54.6%		61		50	20.5%
Net Income Available to Common		25		15	66.1%		40		30	30.9%

Southern Power –
Operating Revenues	$	305	$	248	22.8%	$	587	$	505	16.2%
Earnings Before Income Taxes		69		39	76.1%		127		63	101.5%
Net Income Available to Common		45		32	41.3%		82		46	77.9%

Notes
-	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 and rounding may be different from final results published in the Form 10-Q.

ALABAMA POWER CO - FORM 8-K - EX-99.07 - July 27, 2011