EXHIBIT 99.02

Southern Company

Financial Highlights

(In Millions of Dollars Except Earnings Per Share)

	3 Months Ended March
	2007		2006
	(Notes)		(Notes)
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	285	$	242
Southern Power		32		20
Total		317		262
Synthetic Fuels		28		8
Leasing Business		1		6
Parent Company and Other		(7)		(14)
Net Income - As Reported	$	339	$	262
Basic Earnings Per Share - (See Notes)	$	0.45	$	0.35
Operating Revenues	$	3,409	$	3,063
Average Shares Outstanding (in millions)		750		742
End of Period Shares Outstanding (in millions)		752		742
	3 Months Ended March
	2007		2006
Consolidated Earnings–Excluding Synfuels
(See Notes)
Net Income - As Reported	$	339	$	262
Less: Synthetic Fuels		(28)		(8)
Net Income–Excluding Synthetic Fuels	$	311	$	254
Basic Earnings Per Share–Excluding Synfuels	$	0.41	$	0.34

Notes

- For the first quarters 2007 and 2006, diluted earnings per share was less than 1 cent.

- Tax credits associated with Southern Company's synthetic fuel investments expire 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-Q.