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) April 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 April 30, 2008, The Southern Company (“Southern Company”) issued a press release regarding its earnings for the three months ended March 31, 2008. 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 three months ended March 31, 2008 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 three months ended March 31, 2008 and March 31, 2007, also include earnings and earnings per share for such periods excluding the results of Southern Company’s synthetic fuel investments, which claimed federal income tax credits. The availability of synthetic fuel tax credits and Southern Company’s investment in these activities ended on 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 three months ended March 31, 2008:

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:     April 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

April 30, 2008

Southern Company reports solid first quarter earnings

ATLANTA – Southern Company today reported first quarter earnings of $359.2 million, or 47 cents a share, compared with $338.7 million, or 45 cents a share, in the same period a year ago.

Excluding the impact of synthetic fuel investments, Southern Company earned 47 cents a share for the first quarter of 2008, compared with 41 cents a share for the same period in 2007.

Despite a nationwide economic slowdown, the Southeast has experienced less of an impact than the rest of the country.

“Even though consumers in the Southeast and across the U.S. are paying higher prices for products and services, the cost of living in the Southeast, including electricity prices, continues to be among the lowest in the nation,” said David M. Ratcliffe, Southern Company chairman, president and CEO. “While economic growth has slowed, new residents and new business and industry continue to move to our region.”

Household growth in the Southern Company service territory has increased 1.8 percent in the past 12 months, compared with the nation at 1.0 percent. And population growth in the Southeast over the same 12-month period was 1.7 percent, versus the nation at 0.9 percent.

As a result, Southern Company has added nearly 50,000 customers since the end of the first quarter of 2007. This customer growth has driven increased usage, primarily in the residential and commercial sectors.

Other positive earnings drivers include increased revenue from market-response rates, and from state regulatory actions that support increased capital investment in transmission and distribution infrastructure and new environmental equipment. These investments are needed to help ensure that Southern Company continues to meet growing demand, maintain reliability and produce cleaner energy. The earnings drivers were offset in part by higher non-fuel operations and maintenance expenses and asset depreciation, primarily associated with the increased investment in environmental equipment and infrastructure.

Revenues for the first quarter of 2008 were $3.68 billion, compared with $3.41 billion in the same period a year ago, an 8 percent increase.

Kilowatt-hour sales to retail customers in Southern Company’s four-state service area increased 1.4 percent in the first quarter, compared with the first quarter of 2007. Residential electricity sales increased 1.9 percent. Electricity sales to commercial customers increased 1.9 percent, and industrial sales increased 0.6 percent.

Total energy sales to Southern Company’s customers in the Southeast, including wholesale sales, increased 1.4 percent in the first quarter of 2008 compared with the same period of 2007.

With nearly 4.4 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 and customer and economic growth. 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 December 31, 2007, 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 water quality and 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; regulatory approvals related to the potential Plant Vogtle expansion, including Georgia PSC and NRC approvals; 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 and to perform as required; 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 March
	2008	2007
Consolidated Earnings–As Reported	(Notes)	(Notes)
(See Notes)
Traditional Operating Companies	$ 342	$ 285
Southern Power	29	32
Total	371	317
Synthetic Fuels	(2)	28
Parent Company and Other	(10)	(6)
Net Income - As Reported	$ 359	$ 339
Basic Earnings Per Share - (See Notes)	$ 0.47	$ 0.45
Average Shares Outstanding (in millions)	766	750
End of Period Shares Outstanding (in millions)	768	752
	3 Months Ended March
	2008	2007
Consolidated Earnings–Excluding Synfuels
(See Notes)
Net Income - As Reported	$ 359	$ 339
Less: Synthetic Fuels	2	(28)
Net Income–Excluding Synthetic Fuels	$ 361	$ 311
Basic Earnings Per Share–Excluding Synfuels	$ 0.47	$ 0.41

Notes

- For the first quarter 2008 and 2007, diluted earnings per share was less than 1 cent per share.

- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007.

Synthetic fuel related income no longer materially contributes to Southern Company's earnings or earnings per share.

- 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.

EX-99.03

Exhibit 99.03

Southern Company

Significant Factors Impacting EPS

	3 Months Ended March
	2008	2007	Change
Consolidated Earnings–As Reported	$ 0.47	$ 0.45	$ 0.02
(See Notes)
Significant Factors:
Traditional Operating Companies			0.07
Southern Power			-
Synthetic Fuels			(0.04)
Parent Company and Other			-
Additional Shares			(0.01)
Total–As Reported			$ 0.02
			.
	3 Months Ended March
	2008	2007	Change
Consolidated Earnings–Excluding Synfuels	$ 0.47	$ 0.41	$ 0.06
(See Notes)
Total–As Reported			0.02
Less: Synthetic Fuels			0.04
Total–Excluding Synthetic Fuels			$ 0.06

Notes

- For the first quarter 2008 and 2007, diluted earnings per share was less than 1 cent per share.

- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007.

Synthetic fuel related income no longer materially contributes to Southern Company's earnings or

earnings per share.

- 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.

EX-99.04

Exhibit 99.04

Southern Company

Analysis of Consolidated Earnings

(In Millions of Dollars)

	3 Months Ended March
	2008	2007	Change
Income Account-
Retail Revenue-
Fuel	$ 1,203	$ 1,093	$ 110
Non-Fuel	1,803	1,651	152
Wholesale Revenue	514	481	33
Other Electric Revenues	130	121	9
Non-regulated Operating Revenues	33	63	(30)
Total Revenues	3,683	3,409	274
Fuel and Purchased Power	1,545	1,381	164
Non-fuel O & M	897	848	49
Depreciation and Amortization	344	306	38
Taxes Other Than Income Taxes	189	183	6
Total Operating Expenses	2,975	2,718	257
Operating Income	708	691	17
Other Income, net	62	32	30
Interest Charges and Dividends	233	228	5
Income Taxes	178	156	22
NET INCOME (See Notes)	$ 359	$ 339	$ 20

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-Q.

EX-99.05

Exhibit 99.05

Southern Company

Kilowatt-Hour Sales

(In Millions of KWHs)

	3 Months Ended March
				Weather
				Adjusted
As Reported (See Notes)	2008	2007	Change	Change
Kilowatt-Hour Sales-
Total Sales	48,478	47,818	1.4%
Total Retail Sales-	38,576	38,040	1.4%	1.2%
Residential	12,703	12,464	1.9%	1.0%
Commercial	12,505	12,276	1.9%	1.9%
Industrial	13,135	13,060	0.6%	0.7%
Other	233	240	-3.0%	-2.9%
Total Wholesale Sales	9,902	9,778	1.3%	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-Q.

EX-99.06

Exhibit 99.06

Southern Company

Financial Overview

(In Millions of Dollars)

	3 Months Ended March
	2008	2007	% Change
Consolidated –
Operating Revenues	$ 3,683	$ 3,409	8.0%
Earnings Before Income Taxes	537	494	8.7%
Net Income	359	339	6.1%
Alabama Power –
Operating Revenues	$ 1,337	$ 1,197	11.7%
Earnings Before Income Taxes	213	196	9.0%
Net Income Available to Common	130	115	13.2%
Georgia Power –
Operating Revenues	$ 1,865	$ 1,657	12.5%
Earnings Before Income Taxes	264	203	30.2%
Net Income Available to Common	176	131	34.1%
Gulf Power –
Operating Revenues	$ 312	$ 296	5.2%
Earnings Before Income Taxes	31	31	0.6%
Net Income Available to Common	20	19	3.5%
Mississippi Power –
Operating Revenues	$ 285	$ 257	11.1%
Earnings Before Income Taxes	26	32	-18.3%
Net Income Available to Common	16	20	-17.6%
Southern Power –
Operating Revenues	$ 216	$ 192	12.0%
Earnings Before Income Taxes	46	54	-14.3%
Net Income Available to Common	29	32	-9.6%

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-Q.