Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	Three Months Ended December							Year-to-Date December
	2009		2008		% Change			2009		2008		% Change
Consolidated –
Operating Revenues	$	3,510	$	3,802		-7.7	%	$	15,743	$	17,127		-8.1	%
Earnings Before Income Taxes		336		279		20.3	%		2,608		2,722		-4.2	%
Net Income Available to Common		251		186		35.1	%		1,645		1,742		-5.5	%
Alabama Power –
Operating Revenues	$	1,231	$	1,405		-12.5	%	$	5,529	$	6,077		-9.0	%
Earnings Before Income Taxes		135		135		-0.7	%		1,093		1,023		6.8	%
Net Income Available to Common		86		81		4.8	%		670		616		8.7	%
Georgia Power –
Operating Revenues	$	1,725	$	1,792		-3.7	%	$	7,692	$	8,412		-8.6	%
Earnings Before Income Taxes		150		116		30.3	%		1,241		1,408		-11.8	%
Net Income Available to Common		114		77		48.1	%		814		903		-9.8	%
Gulf Power –
Operating Revenues	$	299	$	304		-1.6	%	$	1,302	$	1,387		-6.1	%
Earnings Before Income Taxes		30		20		41.0	%		170		158		7.4	%
Net Income Available to Common		21		14		46.5	%		111		98		13.1	%
Mississippi Power –
Operating Revenues	$	263	$	292		-9.7	%	$	1,149	$	1,257		-8.5	%
Earnings Before Income Taxes		15		16		-6.3	%		137		136		0.6	%
Net Income Available to Common		10		10		6.3	%		85		86		-1.2	%
Southern Power –
Operating Revenues	$	202	$	266		-24.2	%	$	947	$	1,314		-27.9	%
Earnings Before Income Taxes		37		34		7.2	%		242		237		2.1	%
Net Income Available to Common		30		20		47.0	%		156		144		8.2	%

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.