ALABAMA POWER CO - FORM 8-K - EX-99.7

Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	Three Months Ended June				Year-to-Date June

		2012	2011	% Change		2012	2011	% Change

Consolidated –
Operating Revenues		$4,181	$4,521	-7.5%		$7,785	$8,533	-8.8%
Earnings Before Income Taxes		968	969	-0.1%		1,552	1,638	-5.3%
Net Income Available to Common		623	604	3.3%		991	1,026	-3.4%

Alabama Power –
Operating Revenues		$1,377	$1,440	-4.4%		$2,593	$2,760	-6.1%
Earnings Before Income Taxes		321	331	-3.0%		541	589	-8.1%
Net Income Available to Common		185	190	-2.6%		311	342	-9.1%

Georgia Power –
Operating Revenues		$2,020	$2,265	-10.8%		$3,765	$4,254	-11.5%
Earnings Before Income Taxes		452	483	-6.4%		715	804	-11.1%
Net Income Available to Common		295	309	-4.5%		462	515	-10.3%

Gulf Power –
Operating Revenues		$370	$399	-7.3%		$686	$724	-5.2%
Earnings Before Income Taxes		59	55	6.5%		93	75	23.3%
Net Income Available to Common		35	33	4.8%		56	45	23.5%

Mississippi Power –
Operating Revenues		$266	$286	-7.0%		$495	$549	-9.9%
Earnings Before Income Taxes		48	38	24.5%		82	61	35.2%
Net Income Available to Common		35	25	38.5%		60	40	51.1%

Southern Power –
Operating Revenues		$286	$305	-6.4%		$539	$587	-8.1%
Earnings Before Income Taxes		76	69	10.4%		119	127	-6.8%
Net Income Available to Common		47	45	4.5%		76	82	-7.8%

Notes
-	Certain prior year data has been reclassified to conform with current year presentation.

-	All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.

ALABAMA POWER CO - FORM 8-K - EX-99.7 - July 25, 2012