Exhibit 99.02

Southern Company

Financial Highlights

(In Millions of Dollars Except Earnings Per Share)

		3 Months Ended December							Year-to-Date December
				2007			2006					2007				2006
Consolidated Earnings–As Reported				(Notes)			(Notes)					(Notes)				(Notes)
(See Notes)
Traditional Operating Companies			$	202	$		170			$		1,584		$		1,463
Southern Power				8			27					132				124
Total				210			197					1,716				1,587
Synthetic Fuels				8			6					61				12
Parent Company and Other				(14)			(15)					(43)				(26)
Net Income - As Reported			$	204	$		188			$		1,734		$		1,573
Basic Earnings Per Share - (See Notes)			$	0.27	$		0.25			$		2.29		$		2.12
Average Shares Outstanding (in millions)				762			745					756				743
End of Period Shares Outstanding (in millions)												763				747
		3 Months Ended December							Year-to-Date December
				2007				2006					2007				2006
	Consolidated Earnings–Excluding Synfuels
	(See Notes)
	Net Income - As Reported		$	204		$		188			$		1,734		$		1,573
	Less: Synthetic Fuels			(8)				(6)					(61)				(12)
	Net Income–Excluding Synthetic Fuels		$	196		$		182			$		1,673		$		1,561
	Basic Earnings Per Share–Excluding Synfuels		$	0.26		$		0.25			$		2.21		$		2.10

Notes

- For the fourth quarter and year-to-date 2007, diluted earnings per share was not more than 1 cent per share.

- Tax credits associated with Southern Company's synthetic fuel investments expired 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-K.