Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	Three Months Ended March
		2009		2008	% Change
Consolidated –
Operating Revenues	$	3,666	$	3,683	-0.5%
Earnings Before Income Taxes		309		553	-44.2%
Net Income Available to Common		126		359	-65.0%
Alabama Power –
Operating Revenues	$	1,340	$	1,337	0.2%
Earnings Before Income Taxes		241		213	13.0%
Net Income Available to Common		146		130	12.4%
Georgia Power –
Operating Revenues	$	1,766	$	1,865	-5.3%
Earnings Before Income Taxes		189		264	-28.4%
Net Income Available to Common		122		176	-30.6%
Gulf Power –
Operating Revenues	$	284	$	312	-8.7%
Earnings Before Income Taxes		26		31	-18.4%
Net Income Available to Common		17		20	-15.3%
Mississippi Power –
Operating Revenues	$	269	$	285	-5.8%
Earnings Before Income Taxes		29		26	10.0%
Net Income Available to Common		18		16	11.1%
Southern Power –
Operating Revenues	$	232	$	216	7.4%
Earnings Before Income Taxes		45		46	-1.5%
Net Income Available to Common		28		29	-3.7%

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.