EX-99.3 5 x99-3.htm

EXHIBIT 99.03

 

Southern Company

Significant Factors Impacting EPS

 

 

3 Months Ended March

 

 

2007

 

2006

 

 

Change

 

 

 

 

 

 

 

 

 

Consolidated Earnings–As Reported

$

0.45

 

$

0.35

 

$

0.10

(See Notes)

 

 

 

 

 

 

 

 

Significant Factors:

 

 

 

 

 

 

 

 

Traditional Operating Companies

 

 

 

 

 

 

 

0.05

Southern Power

 

 

 

 

 

 

 

0.02

Synthetic Fuels

 

 

 

 

 

 

 

0.03

Leasing

 

 

 

 

 

 

 

(0.01)

Parent Company and Other

 

 

 

 

 

 

 

0.01

Total–As Reported

 

 

 

 

 

 

$

0.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3 Months Ended March

 

 

2007

 

2006

 

 

Change

 

 

 

 

 

 

 

 

 

Consolidated Earnings–Excluding Synfuels

$

0.41

 

$

0.34

 

$

0.07

(See Notes)

 

 

 

 

 

 

 

 

Total–As Reported

 

 

 

 

 

 

 

0.10

Less: Synthetic Fuels

 

 

 

 

 

 

 

(0.03)

Total–Excluding Synthetic Fuels

 

 

 

 

 

 

$

0.07

 

Notes

- Tax credits associated with Southern Company's synthetic fuel investments expire December 31, 2007 and will not contribute to Southern Company's earnings and earnings per share after 2007.

- 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.