Exhibit 99.05

Southern Company

Consolidated Earnings

(In Millions of Dollars)

		Three Months Ended December						Year-to-Date December
		2008		2007		Change		2008		2007		Change
Income Account-
Retail Revenue-
Fuel	$	1,406	$	1,102	$	304	$	5,912	$	5,034	$	878
Non-Fuel		1,715		1,602		113		8,143		7,605		538
Wholesale Revenues		520		457		63		2,400		1,988		412
Other Electric Revenues		131		132		(1)		545		514		31
Non-regulated Operating Revenues		30		47		(17)		127		212		(85)
Total Revenues		3,802		3,340		462		17,127		15,353		1,774
Fuel and Purchased Power		1,738		1,412		326		7,633		6,371		1,262
Non-fuel O & M		1,034		1,036		(2)		3,754		3,670		84
Depreciation and Amortization		373		316		57		1,443		1,245		198
Taxes Other Than Income Taxes		194		167		27		797		741		56
Total Operating Expenses		3,339		2,931		408		13,627		12,027		1,600
Operating Income		463		409		54		3,500		3,326		174
Other Income, net		18		54		(36)		88		177		(89)
Interest Charges and Dividends		218		230		(12)		931		934		(3)
Income Taxes		77		29		48		915		835		80
NET INCOME (See Notes)	$	186	$	204	$	(18)	$	1,742	$	1,734	$	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.