8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)January 30, 2008

Commission File Number	Registrant, State of Incorporation, Address and Telephone Number	I.R.S. Employer Identification No.
1-3526	The Southern Company (A Delaware Corporation) 30 Ivan Allen Jr. Blvd., N.W. Atlanta, Georgia 30308 (404) 506-5000	58-0690070
1-3164	Alabama Power Company (An Alabama Corporation) 600 North 18th Street Birmingham, Alabama 35291 (205) 257-1000	63-0004250
1-6468	Georgia Power Company (A Georgia Corporation) 241 Ralph McGill Boulevard, N.E. Atlanta, Georgia 30308 (404) 506-6526	58-0257110
0-2429	Gulf Power Company (A Florida Corporation) One Energy Place Pensacola, Florida 32520 (850) 444-6111	59-0276810
001-11229	Mississippi Power Company (A Mississippi Corporation) 2992 West Beach Gulfport, Mississippi 39501 (228) 864-1211	64-0205820
333-98553	Southern Power Company (A Delaware Corporation) 30 Ivan Allen Jr. Blvd., N.W. Atlanta, Georgia 30308 (404) 506-5000	58-2598670

The addresses of the registrants have not changed since the last report.

This combined Form 8-K is furnished separately by six registrants: The Southern Company, Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company and Southern Power Company. Information contained herein relating to each registrant is furnished by each registrant solely on its own behalf. Each registrant makes no representation as to information relating to the other registrants.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

The information in this Current Report on Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibits attached hereto, shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On January 30, 2008, The Southern Company (“Southern Company”) issued a press release regarding its earnings for the quarter and year ended December 31, 2007. A copy of this release is being furnished as Exhibit 99.01 to this Current Report on Form 8-K. In addition, certain additional information regarding the financial results for the quarter and year ended December 31, 2007 is being furnished as Exhibits 99.02 through 99.06 to this Current Report on Form 8-K.

Use of Non-GAAP Financial Measures

Exhibits 99.01, 99.02 and 99.03 to this Current Report on Form 8-K, in addition to including earnings and earnings per share in accordance with generally accepted accounting principles (“GAAP”) for the quarter and year ended December 31, 2007 and December 31, 2006, also include earnings and earnings per share for such periods excluding the results of Southern Company’s synthetic fuel investments. Southern Company’s synthetic fuel investments generated tax credits as a result of synthetic fuel production. These tax credits were no longer available after December 31, 2007. Southern Company management uses earnings per share, excluding synthetic fuel earnings, to evaluate the performance of Southern Company’s ongoing business activities. Southern Company believes the presentation of earnings and earnings per share excluding the results of the synthetic fuel investments also is useful for investors because it provides investors with additional information for purposes of comparing Southern Company’s performance for such periods. The presentation of this additional information is not meant to be considered a substitute for financial measures prepared in accordance with GAAP.

Exhibits

The exhibits hereto contain business segment information for Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company and Southern Power Company. Accordingly, this report is also being furnished on behalf of each such registrant.

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The following exhibits relate to the periods ended December 31, 2007:

Exhibit 99.01	Press Release.
Exhibit 99.02	Financial Highlights.
Exhibit 99.03	Significant Factors Impacting EPS.
Exhibit 99.04	Analysis of Consolidated Earnings.
Exhibit 99.05	Kilowatt-Hour Sales.
Exhibit 99.06	Financial Overview.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:      January 30, 2008	THE SOUTHERN COMPANY
	By                                    /s/W. Ron Hinson W. Ron Hinson Comptroller
	ALABAMA POWER COMPANY GEORGIA POWER COMPANY GULF POWER COMPANY MISSISSIPPI POWER COMPANY SOUTHERN POWER COMPANY
	By                                   /s/Wayne Boston Wayne Boston Assistant Secretary

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EX-99.01

Exhibit 99.01

News

Media Contact:	Terri Cohilas
	404-506-5333 or 1-866-506-5333
	media@southerncompany.com
	www.southerncompany.com

Investor Relations Contact:

Glen Kundert

404-506-5135

gakunder2@southernco.com

Jan. 30, 2008

Southern Company reports strong 2007 results

Year highlighted by superior operational performance

ATLANTA – Citing a resilient economy in the Southeast and a warm summer, Southern Company today reported full-year 2007 earnings of $1.73 billion, or $2.29 a share. Reported earnings for 2006 were $1.57 billion, or $2.12 a share.

Southern Company also reported solid fourth quarter earnings of $204.1 million, or 27 cents a share. This compared with reported earnings of $188.4 million, or 25 cents a share in the fourth quarter of 2006.

Excluding the impact of synthetic fuel investments, Southern Company earned $2.21 a share in 2007, up from $2.10 a share in 2006, and earnings for the fourth quarter of 2007 were 26 cents a share, compared with 25 cents a share for the same period in 2006.

Low housing costs and job growth continue to attract new residents to the Southeast. Southern Company added more than 55,000 customers in 2007, an increase of 1.3 percent over 2006. Despite a slowdown in the housing market, the Southeast’s stronger growth in households and jobs, as compared to the nation’s, continues to provide a solid foundation for the Southeastern economy.

During an August heat wave, which was compounded by the ongoing drought, the company set five successive peak records. Despite the prolonged stress that was placed on the system, Southern Company’s customers did not experience a single major disruption to service.

“Southern Company employees did an outstanding job in 2007, operating at historically high levels of reliability, achieving industry-leading customer satisfaction levels and continuing to offer retail prices well below the national average,” said Chairman, President and CEO David M. Ratcliffe. “Our commitment to deliver good results for customers and shareholders is strong and our track record speaks for itself.”

In addition to weather and the resilient economy, the positive earnings drivers in 2007 include state regulatory actions. The drivers were offset in part by higher non-fuel operations and maintenance expenses, higher interest expense, and asset depreciation primarily associated with increased investment in environmental equipment and transmission and distribution related to maintaining reliability in the growing Southeast.

Revenues for the full year were $15.35 billion, compared with $14.36 billion in 2006, a 6.9 percent increase. Fourth quarter revenues were $3.34 billion, compared with $3.15 billion in the same period a year earlier, an increase of 6 percent.

Kilowatt-hour sales to retail customers in Southern Company’s four-state service area increased 1.4 percent in 2007, compared with 2006. Residential energy sales increased 1.8 percent. Commercial energy sales increased 3.2 percent. Industrial energy sales declined 0.7 percent.

Total energy sales to Southern Company’s customers in the Southeast, including wholesale sales, increased 2.3 percent in 2007 compared with 2006, primarily because of customer growth.

In conjunction with this earnings announcement, Southern Company has posted on its Web site detailed financial information on its fourth quarter and 2007 performance. These materials are available at www.southerncompany.com.

Southern Company’s financial analyst call will be at 1 p.m. Eastern time Jan. 30, at which time Ratcliffe and Chief Financial Officer Thomas A. Fanning will discuss earnings and earnings guidance as well as a general business update. Investors, media and the public may listen to a live Webcast of the call at www.southerncompany.com. A replay of the Webcast will be available at the site for 12 months.

With 4.3 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast, one of America’s fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company

has been listed the top ranking U.S. electric service provider in customer satisfaction for eight consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at www.southerncompany.com.

Cautionary Note Regarding Forward-Looking Statements:

Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning results of operations, customer and economic growth and Southern Company’s strategies. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company’s Annual Report on Form 10-K for the year ended Dec. 31, 2006, and subsequent securities filings, could cause results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory change, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, implementation of the Energy Policy Act of 2005, environmental laws including regulation of emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter and other substances, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings or inquiries, including the pending EPA civil actions against certain Southern Company subsidiaries, FERC matters, IRS audits and Mirant matters; the effects, extent and timing of the entry of additional competition in the markets in which Southern Company’s subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy, population and business growth (and declines), and the effects of energy conservation measures; available sources and costs of fuels; effects of inflation; ability to control costs; investment performance of Southern Company’s employee benefit plans; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and storm restoration cost recovery; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due; the ability to obtain new short- and long-term contracts with neighboring utilities; the direct or indirect effect on Southern Company’s business resulting from terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts, including Southern Company’s and its subsidiaries’ credit ratings; the ability of Southern Company and its subsidiaries to obtain additional generating capacity at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes, droughts, pandemic health events such as an avian influenza, or other similar occurrences; the direct or indirect effects on Southern Company’s business resulting from incidents similar to the August 2003 power outage in the Northeast; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company and its subsidiaries expressly disclaim any obligation to update any forward-looking information.

# # #

EX-99.02

Exhibit 99.02

Southern Company

Financial Highlights

(In Millions of Dollars Except Earnings Per Share)

		3 Months Ended December							Year-to-Date December
				2007			2006					2007				2006
Consolidated Earnings–As Reported				(Notes)			(Notes)					(Notes)				(Notes)
(See Notes)
Traditional Operating Companies			$	202	$		170			$		1,584		$		1,463
Southern Power				8			27					132				124
Total				210			197					1,716				1,587
Synthetic Fuels				8			6					61				12
Parent Company and Other				(14)			(15)					(43)				(26)
Net Income - As Reported			$	204	$		188			$		1,734		$		1,573
Basic Earnings Per Share - (See Notes)			$	0.27	$		0.25			$		2.29		$		2.12
Average Shares Outstanding (in millions)				762			745					756				743
End of Period Shares Outstanding (in millions)												763				747
		3 Months Ended December							Year-to-Date December
				2007				2006					2007				2006
	Consolidated Earnings–Excluding Synfuels
	(See Notes)
	Net Income - As Reported		$	204		$		188			$		1,734		$		1,573
	Less: Synthetic Fuels			(8)				(6)					(61)				(12)
	Net Income–Excluding Synthetic Fuels		$	196		$		182			$		1,673		$		1,561
	Basic Earnings Per Share–Excluding Synfuels		$	0.26		$		0.25			$		2.21		$		2.10

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.

EX-99.03

                                                                   Exhibit 99.03
                                Southern Company
                        Significant Factors Impacting EPS



                                              3 Months Ended December                  Year-to-Date December
                                         ----------------------------------     -----------------------------------

                                                                                        
                                             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)
                                                                    -------                               -------
  Total-As Reported                                                 $  0.02                               $  0.17
                                                                    =======                               =======

                                              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)
                                                                    -------                               -------
  Total-Excluding Synthetic Fuels                                   $  0.26                               $  2.21
                                                                    =======                               =======



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.

EX-99.04

Exhibit 99.04

Southern Company

Analysis of Consolidated Earnings

(In Millions of Dollars)

	3 Months Ended December						Year-to-Date December
		2007		2006		Change		2007		2006		Change
Income Account-
Retail Revenue-
Fuel	$	1,102	$	947	$	155	$	5,034	$	4,475	$	559
Non-Fuel		1,602		1,558		44		7,605		7,326		279
Wholesale Revenue		457		461		(4)		1,988		1,822		166
Other Electric Revenues		132		119		13		514		465		49
Non-regulated Operating Revenues		47		67		(20)		212		268		(56)
Total Revenues		3,340		3,152		188		15,353		14,356		997
Fuel and Purchased Power		1,412		1,231		181		6,371		5,695		676
Non-fuel O & M		1,036		971		65		3,670		3,519		151
Depreciation and Amortization		316		304		12		1,245		1,200		45
Taxes Other Than Income Taxes		167		177		(10)		741		718		23
Total Operating Expenses		2,931		2,683		248		12,027		11,132		895
Operating Income		409		469		(60)		3,326		3,224		102
Other Income, net		54		5		49		177		29		148
Interest Charges and Dividends		230		240		(10)		934		900		34
Income Taxes		29		46		(17)		835		780		55
NET INCOME (See Notes)	$	204	$	188	$	16	$	1,734	$	1,573	$	161

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 may be different from final results published in the Form 10-K.

EX-99.05

Exhibit 99.05

Southern Company

Kilowatt-Hour Sales

(In Millions of KWHs)

	3 Months Ended December				Year-to-Date December
				Weather				Weather
				Adjusted				Adjusted
As Reported (See Notes)	2007	2006	Change	Change	2007	2006	Change	Change
Kilowatt-Hour Sales-
Total Sales	47,031	46,750	0.6%		204,360	199,795	2.3%
Total Retail Sales-	37,230	36,874	1.0%	0.6%	163,614	161,334	1.4%	0.6%
Residential	10,914	11,031	-1.1%	-0.8%	53,326	52,383	1.8%	0.4%
Commercial	12,762	12,347	3.4%	2.2%	54,665	52,987	3.2%	2.2%
Industrial	13,313	13,273	0.3%	0.1%	54,662	55,044	-0.7%	-0.9%
Other	241	223	7.9%	7.9%	961	920	4.4%	4.2%
Total Wholesale Sales	9,801	9,876	-0.8%	N/A	40,746	38,461	5.9%	N/A

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 may be different from final results published in the Form 10-K.

EX-99.06

Exhibit 99.06

Southern Company

Financial Overview

(In Millions of Dollars)

	3 Months Ended December					Year-to-Date December
		2007		2006	% Change		2007		2006	% Change
Consolidated –
Operating Revenues	$	3,340	$	3,152	6.0%	$	15,353	$	14,356	6.9%
Earnings Before Income Taxes		233		234	-0.6%		2,569		2,353	9.2%
Net Income		204		188	8.3%		1,734		1,573	10.2%
Alabama Power –
Operating Revenues	$	1,192	$	1,120	6.4%	$	5,360	$	5,015	6.9%
Earnings Before Income Taxes		114		136	-16.2%		967		873	10.8%
Net Income Available to Common		71		80	-10.2%		580		518	11.9%
Georgia Power –
Operating Revenues	$	1,627	$	1,579	3.0%	$	7,572	$	7,246	4.5%
Earnings Before Income Taxes		137		105	30.9%		1,260		1,234	2.0%
Net Income Available to Common		117		76	54.4%		836		787	6.2%
Gulf Power –
Operating Revenues	$	289	$	275	4.9%	$	1,260	$	1,204	4.6%
Earnings Before Income Taxes		14		10	37.7%		135		125	8.4%
Net Income Available to Common		10		7	40.8%		84		76	10.7%
Mississippi Power –
Operating Revenues	$	251	$	235	6.8%	$	1,114	$	1,009	10.4%
Earnings Before Income Taxes		7		11	-34.4%		138		132	4.4%
Net Income Available to Common		4		7	-50.0%		84		82	2.5%
Southern Power –
Operating Revenues	$	188	$	174	8.2%	$	972	$	777	25.1%
Earnings Before Income Taxes		11		44	-75.9%		215		206	4.3%
Net Income Available to Common		8		27	-69.1%		132		124	5.8%

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 may be different from final results published in the Form 10-K.