-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H7hnVgBEFDINwIERo3yAVJKKfJZbrKBS4EjBRZtV5jQWKUP0JSlDv4xC0Y1SZajG RYqWwiD9lmUe2+jbwB/u0A== 0000092122-05-000368.txt : 20051025 0000092122-05-000368.hdr.sgml : 20051025 20051025092929 ACCESSION NUMBER: 0000092122-05-000368 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20051025 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20051025 DATE AS OF CHANGE: 20051025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MISSISSIPPI POWER CO CENTRAL INDEX KEY: 0000066904 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 640205820 STATE OF INCORPORATION: MS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11229 FILM NUMBER: 051153306 BUSINESS ADDRESS: STREET 1: 2992 WEST BEACH CITY: GULFPORT STATE: MS ZIP: 39501 BUSINESS PHONE: 2288641211 MAIL ADDRESS: STREET 1: 2992 WEST BEACH CITY: GULFPORT STATE: MS ZIP: 39501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN POWER CO CENTRAL INDEX KEY: 0001160661 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 582598670 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-98553 FILM NUMBER: 051153304 BUSINESS ADDRESS: STREET 1: 600 N 18TH ST. CITY: BIRMINGHAM STATE: AL ZIP: 35291 BUSINESS PHONE: 4045067146 MAIL ADDRESS: STREET 1: 241 RALPH MCGILL BLVD STREET 2: NE BIN 10116 CITY: ATLANTA STATE: GA ZIP: 30308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GULF POWER CO CENTRAL INDEX KEY: 0000044545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590276810 STATE OF INCORPORATION: ME FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31737 FILM NUMBER: 051153307 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLACE CITY: PENSACOLA STATE: FL ZIP: 32520 BUSINESS PHONE: 8504446111 MAIL ADDRESS: STREET 1: ONE ENERGY PLACE CITY: PENSACOLA STATE: FL ZIP: 32520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALABAMA POWER CO CENTRAL INDEX KEY: 0000003153 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 630004250 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03164 FILM NUMBER: 051153309 BUSINESS ADDRESS: STREET 1: 600 N 18TH ST STREET 2: P O BOX 2641 CITY: BIRMINGHAM STATE: AL ZIP: 35291 BUSINESS PHONE: 2052571000 MAIL ADDRESS: STREET 1: 600 N 18TH ST CITY: BIRMINGHAM STATE: AL ZIP: 35291 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEORGIA POWER CO CENTRAL INDEX KEY: 0000041091 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 580257110 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06468 FILM NUMBER: 051153308 BUSINESS ADDRESS: STREET 1: 241 RALPH MCGILL BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045066526 MAIL ADDRESS: STREET 1: 241 RALPH MCGILL BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAVANNAH ELECTRIC & POWER CO CENTRAL INDEX KEY: 0000086940 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 580418070 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05072 FILM NUMBER: 051153305 BUSINESS ADDRESS: STREET 1: 600 BAY STREET EAST CITY: SAVANNAH STATE: GA ZIP: 31401 BUSINESS PHONE: 912-644-7171 MAIL ADDRESS: STREET 1: 600 BAY STREET EAST CITY: SAVANNAH STATE: GA ZIP: 31401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CO CENTRAL INDEX KEY: 0000092122 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 580690070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03526 FILM NUMBER: 051153303 BUSINESS ADDRESS: STREET 1: 270 PEACHTREE ST CITY: ATLANTA STATE: GA ZIP: 30303 BUSINESS PHONE: 4045065000 MAIL ADDRESS: STREET 1: 270 PEACHTREE STREET CITY: ATLANTA STATE: GA ZIP: 30303 8-K 1 earnings8k_3rd05.txt 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) October 25, 2005 -------------------------------- Commission Registrant, State of Incorporation, I.R.S. Employer File Number Address and Telephone Number Identification No. 1-3526 The Southern Company 58-0690070 (A Delaware Corporation) 270 Peachtree Street, N.W. Atlanta, Georgia 30303 (404) 506-5000 1-3164 Alabama Power Company 63-0004250 (An Alabama Corporation) 600 North 18th Street Birmingham, Alabama 35291 (205) 257-1000 1-6468 Georgia Power Company 58-0257110 (A Georgia Corporation) 241 Ralph McGill Boulevard, N.E. Atlanta, Georgia 30308 (404) 506-6526 0-2429 Gulf Power Company 59-0276810 (A Maine Corporation) One Energy Place Pensacola, Florida 32520 (850) 444-6111 001-11229 Mississippi Power Company 64-0205820 (A Mississippi Corporation) 2992 West Beach Gulfport, Mississippi 39501 (228) 864-1211 1-5072 Savannah Electric and Power Company 58-0418070 (A Georgia Corporation) 600 East Bay Street Savannah, Georgia 31401 (912) 644-7171 333-98553 Southern Power Company 58-2598670 (A Delaware Corporation) 270 Peachtree Street, N.W. Atlanta, Georgia 30303 (404) 506-5000 The addresses of the registrants have not changed since the last report. This combined Form 8-K is furnished separately by seven registrants: The Southern Company, Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company, Savannah Electric and 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: [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [] 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 October 25, 2005, The Southern Company issued a press release regarding its earnings for the periods ended September 30, 2005. 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 and nine months ended September 30, 2005 is being furnished as Exhibits 99.02 through 99.06 to this Current Report on Form 8-K. Use of Non-GAAP Financial Measures In exhibits 99.01 and 99.05 attached to this Current Report on Form 8-K, Southern Company, in addition to presenting kilowatt-hour sales information for the three months and nine months ended September 30, 2004, as reported in accordance with accounting principles generally accepted in the U.S. ("GAAP"), has also provided adjusted kilowatt-hour sales information for the three months and nine months ended September 30, 2004. In 2005, certain Georgia Power Company industrial customers were reclassified from industrial to commercial to be consistent with the rate structure approved by the Georgia Public Service Commission. The adjusted kilowatt-hour sales information reclassifies 2004 kilowatt-hour sales for commercial and industrial customers to be consistent with the presentation for the three months and nine months ended September 30, 2005. Southern Company believes that the adjusted kilowatt-hour sales information is useful to investors because it provides investors with more consistent information for purposes of comparing 2004 and 2005 kilowatt-hour sales performance. 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, Savannah Electric and Power Company and Southern Power Company. Accordingly, this report is also being furnished on behalf of each such registrant. The following exhibits relate to the periods ended September 30, 2005: 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: October 25, 2005 THE SOUTHERN COMPANY By /s/W. Dean Hudson W. Dean Hudson Comptroller ALABAMA POWER COMPANY GEORGIA POWER COMPANY GULF POWER COMPANY MISSISSIPPI POWER COMPANY SAVANNAH ELECTRIC AND POWER COMPANY SOUTHERN POWER COMPANY By /s/Wayne Boston Wayne Boston Assistant Secretary EX-99.01 2 x9901.txt Exhibit 99.01 News {Southern Company Logo} Media Contact: Marc Rice 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 Oct. 25, 2005 Southern Company reports solid earnings for third quarter ATLANTA - Unseasonably warm weather in September along with sustained economic strength in the Southeast helped Southern Company to deliver solid earnings in the third quarter. The company reported third quarter earnings of $722.2 million, or 97 cents a share, compared with $644.5 million, or 87 cents a share, in the same period a year ago. For the first nine months of this year, earnings were $1.43 billion, or $1.92 per share, compared with $1.33 billion, or $1.80 per share, in the same period of 2004. Compared with extremely mild weather in the third quarter last year, the weather was normal for most of the 2005 third quarter, then hotter than normal in September -- the warmest temperatures for that month in a quarter-century -- which led to greater usage of electricity by Southern Company customers overall. Additionally, the regional economy remained relatively strong, and the number of customers served by Southern Company and its subsidiaries continued to grow, totaling more than 4.2 million at the end of the third quarter. Southern Company's Mississippi Power and Alabama Power subsidiaries were hit hard by Hurricane Katrina during the third quarter. All 195,000 of Mississippi Power's customers and nearly 637,000 of Alabama Power's - about 49 percent - lost electric service in the wake of the storm. In terms of physical damage, it was the worst storm ever faced by Mississippi Power. Historically, the uninsured costs of repairing hurricane damage have been recovered through regulatory action, and Mississippi Power and Alabama Power have begun the process of working with their state Public Service Commissions to seek recovery of those costs. "I am proud of the way our people continue to meet our financial, operational and customer satisfaction targets, as evidenced by our strong performance in the third quarter," said David M. Ratcliffe, chairman, president and chief executive officer. "Just as important as the numbers on a financial statement is how a company responds when it is tested, as we have been by three major hurricanes in the past year." Ratcliffe added. "In that regard, the actions of our people to restore power - it was back on for all customers who could receive it within 12 days - as well as to help the coastal area otherwise get back on its feet after Hurricane Katrina have been nothing short of outstanding." Third quarter revenues were $4.38 billion, compared with $3.44 billion in the third quarter a year ago. Revenues for the first nine months of the year were $10.39 billion, compared with $9.18 billion in the same period last year. Kilowatt-hour sales to retail customers in Southern Company's four-state service area increased 5.6 percent in the third quarter of this year, compared with the same period in 2004. Residential electricity use increased 11.4 percent, primarily because of the warmer weather. In 2005, some Georgia Power industrial customers were reclassified from the industrial class to the commercial class to be consistent with the rate structure approved by the Georgia Public Service Commission. Adjusting the 2004 numbers for comparison purposes, electricity use by commercial customers -- offices, stores and other non-manufacturing firms - increased 6.4 percent, also mainly because of the weather. Industrial energy use decreased 1.1 percent. As reported, without adjusting the 2004 kilowatt-hour sales, commercial sales for the third quarter of this year are up 8.5 percent and industrial energy sales are down 3.0 percent. Total sales of electricity to Southern Company's customers in the Southeast, including wholesale sales, increased 8.2 percent, compared with the third quarter last year. In conjunction with this earnings announcement, Southern Company has posted on its Web site a package of detailed financial information on its third quarter performance. These materials are available at 7:30 a.m. EDT Oct. 25 at www.southerncompany.com. Southern Company's financial analyst call will be at 1 p.m. EDT Oct. 25, at which time Ratcliffe and Chief Financial Officer Tom 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 more than 4 million customers and nearly 39,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states, a growing competitive generation company and a competitive retail natural gas business, 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 15 percent below the national average. Southern Company has been ranked the nation's top energy utility in the American Customer Satisfaction Index six years in a row. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States. Visit the Southern Company Web site at www.southerncompany.com. Forward Looking Statements Note: The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended Dec. 31, 2004, 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, and also changes in environmental, 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-related 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 and gas, including those relating to weather, the general economy and population and business growth (and declines); available sources and costs of fuels; 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; 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 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 3 x9902.txt Exhibit 99.02 Southern Company Financial Highlights (In Millions of Dollars Except Earnings Per Share)
3 months ended September 9 months ended September -------------------------- ------------------------- 2005 2004 2005 2004 ---- ---- ---- ---- (Notes) (Notes) (Notes) (Notes) Consolidated Earnings- (See Notes) Retail Business $ 624 $ 551 $ 1,160 $1,077 Competitive Generation 92 74 209 177 ------ ------ ------- ------ Total 716 625 1,369 1,254 Synthetic Fuels 27 19 72 60 Leasing Business 6 8 20 23 Parent Company and Other (27) (8) (29) (9) ------ ------ ------- ------ Net Income $ 722 $ 644 $ 1,432 $1,328 ====== ======= ======== ====== Basic Earnings Per Share-(See Notes) $ 0.97 $ 0.87 $ 1.92 $ 1.80 Operating Revenues $4,379 $3,441 $10,388 $9,182 Average Shares Outstanding (in millions) 743 739 745 738 End of Period Shares Outstanding (in millions) 742 740
Notes - ----- - - For 3 months ended September 2005 and 2004, diluted earnings per share are not more than 1 cent per share and are not material. For 9 months ended September 2005 and 2004, diluted earnings per share are (1) cent 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 and certain classifications may be different from final results published in the Form 10-Q. EX-99.03 4 x9903.txt Exhibit 99.03 Significant Factors Impacting EPS (Notes)
3 months ended September 9 months ended September -------------------------- --------------------------- 2005 2004 Change 2005 2004 Change ---- ---- ------ ---- ---- ------ Consolidated Earnings- $0.97 $0.87 $0.10 $1.92 $1.80 $0.12 Significant Factors: Retail Business 0.10 0.10 Competitive Generation 0.02 0.04 Synthetic Fuels 0.01 0.01 Leasing Business - - Parent Company and Other (0.03) (0.03) ------ ------ Total $0.10 $0.12 ====== ======
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 and certain classifications may be different from final results published in the Form 10-Q. EX-99.04 5 x9904.txt Exhibit 99.04 Southern Company Analysis of Consolidated Earnings (In Millions of Dollars)
3 months ended September 9 months ended September -------------------------------------- ------------------------------------------ 2005 2004 Change 2005 2004 Change ---- ---- ------ ---- ---- ------ Income Account- Retail Revenue $3,672 $2,915 $757 $ 8,496 $7,537 $ 959 Wholesale Revenue 506 343 163 1,238 1,038 200 Other Electric Revenues 113 100 13 323 287 36 Non-regulated Operating Revenues 88 83 5 331 320 11 ------ ------ ---- ------- ------ ------ Total Revenues 4,379 3,441 938 10,388 9,182 1,206 ------ ------ ---- ------- ------ ------ Fuel and Purchased Power 1,779 1,170 609 3,935 3,217 718 Non-fuel O & M 857 753 104 2,517 2,338 179 Depreciation and Amortization 300 241 59 880 715 165 Taxes Other Than Income Taxes 179 161 18 505 474 31 ------ ------ ---- ------- ------ ------ Total Operating Expenses 3,115 2,325 790 7,837 6,744 1,093 ------ ------ ---- ------- ------ ------ Operating Income 1,264 1,116 148 2,551 2,438 113 Other Income, net 5 6 (1) 25 (3) 28 Interest Charges and Dividends 202 171 31 574 519 55 Income Taxes 345 306 39 570 588 (18) ------ ------ ---- ------- ------ ------ NET INCOME (See Notes) $ 722 $ 645 $ 77 $ 1,432 $1,328 $ 104 ====== ====== ==== ======= ====== ======
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 and certain classifications may be different from final results published in the Form 10-Q. EX-99.05 6 x9905.txt Exhibit 99.05 Kilowatt-Hour Sales (In Millions of KWHs)
3 months ended September 9 months ended September ----------------------------------------- --------------------------------------------- As Adjusted (See Notes) 2005 2004 Change 2005 2004 Change ---- ---- ------ ---- ---- ------ Kilowatt-Hour Sales- Total Sales 57,144 52,794 8.2% 150,385 147,165 2.2% Total Retail Sales- 46,377 43,905 5.6% 121,558 120,087 1.2% Residential 16,791 15,074 11.4% 39,637 38,955 1.7% Commercial 15,183 14,274 6.4% 39,503 38,777 1.9% Industrial 14,148 14,300 -1.1% 41,665 41,600 0.2% Other 255 257 -0.8% 753 755 -0.2% Total Wholesale Sales 10,767 8,889 21.1% 28,827 27,078 6.5% 3 months ended September 9 months ended September ----------------------------------------- --------------------------------------------- As Reported (See Notes) 2005 2004 Change 2005 2004 Change ---- ---- ------ ---- ---- ------ Kilowatt-Hour Sales- Total Sales 57,144 52,794 8.2% 150,385 147,165 2.2% Total Retail Sales- 46,377 43,905 5.6% 121,558 120,087 1.2% Residential 16,791 15,074 11.4% 39,637 38,955 1.7% Commercial 15,183 13,995 8.5% 39,503 38,017 3.9% Industrial 14,148 14,579 -3.0% 41,665 42,360 -1.6% Other 255 257 -0.8% 753 755 -0.2% Total Wholesale Sales 10,767 8,889 21.1% 28,827 27,078 6.5%
Notes - ----- - - In 2005, some Georgia Power industrial customers were reclassified from industrial to commercial to be consistent with the rate structure approved by the Georgia Public Service Commission. For presentation purposes, the "As Adjusted" chart reclassifies 2004 KWHs for commercial and industrial customers to be consistent with the 2005 presentation. - - Certain prior year data has been reclassified to conform with current year presentation. - - Information contained in this report is subject to audit and adjustments and certain classifications may be different from final results published in the Form 10-Q. EX-99.06 7 x9906.txt Exhibit 99.06 Southern Company Financial Overview (In Millions of Dollars)
3 months ended September 9 months ended September ------------------------------- -------------------------------------- 2005 2004 % Change 2005 2004 % Change ---- ---- -------- ---- ---- -------- Consolidated - Operating Revenues $4,379 $3,441 27.3% $10,388 $9,182 13.1% Earnings Before Income Taxes 1,067 951 12.4% 2,002 1,916 4.5% Net Income 722 645 12.1% 1,432 1,328 7.9% Alabama Power - Operating Revenues $1,458 $1,246 17.0% $3,514 $3,265 7.6% Earnings Before Income Taxes 392 365 7.5% 711 701 1.4% Net Income Available to Common 236 220 7.4% 451 415 8.7% Georgia Power - Operating Revenues $2,219 $1,581 40.3% $5,049 $4,134 22.1% Earnings Before Income Taxes 571 447 27.7% 1,050 931 12.7% Net Income Available to Common 355 287 23.6% 655 587 11.6% Gulf Power - Operating Revenues $344 $269 27.7% $820 $725 13.0% Earnings Before Income Taxes 60 50 20.1% 116 107 8.7% Net Income Available to Common 37 32 16.6% 73 68 8.2% Mississippi Power - Operating Revenues $275 $259 6.5% $739 $701 5.4% Earnings Before Income Taxes 46 58 -21.1% 116 126 -8.1% Net Income Available to Common 28 36 -21.4% 71 75 -5.7% Savannah Electric - Operating Revenues $153 $108 41.5% $338 $271 24.5% Earnings Before Income Taxes 33 22 47.1% 47 38 26.1% Net Income Available to Common 20 13 46.8% 28 23 23.5% Southern Power - Operating Revenues $266 $189 40.6% $568 $547 3.7% Earnings Before Income Taxes 64 61 6.0% 143 142 0.2% Net Income Available to Common 39 37 5.1% 88 87 0.7%
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 and certain classifications may be different from final results published in the Form 10-Q. -----END PRIVACY-ENHANCED MESSAGE-----