8-K

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) July 30, 2008

Commission File Number	Registrant, State of Incorporation, Address and Telephone Number	I.R.S. Employer Identification No.
1-3526	The Southern Company (A Delaware Corporation) 30 Ivan Allen Jr. Blvd., N.W. Atlanta, Georgia 30308 (404) 506-5000	58-0690070
1-3164	Alabama Power Company (An Alabama Corporation) 600 North 18th Street Birmingham, Alabama 35291 (205) 257-1000	63-0004250
1-6468	Georgia Power Company (A Georgia Corporation) 241 Ralph McGill Boulevard, N.E. Atlanta, Georgia 30308 (404) 506-6526	58-0257110
0-2429	Gulf Power Company (A Florida Corporation) One Energy Place Pensacola, Florida 32520 (850) 444-6111	59-0276810
001-11229	Mississippi Power Company (A Mississippi Corporation) 2992 West Beach Gulfport, Mississippi 39501 (228) 864-1211	64-0205820
333-98553	Southern Power Company (A Delaware Corporation) 30 Ivan Allen Jr. Blvd., N.W. Atlanta, Georgia 30308 (404) 506-5000	58-2598670

The addresses of the registrants have not changed since the last report.

This combined Form 8-K is furnished separately by six registrants: The Southern Company, Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi 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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 July 30, 2008, The Southern Company (“Southern Company”) issued a press release regarding its earnings for the periods ended June 30, 2008. 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 six months ended June 30, 2008 is being furnished as Exhibits 99.02 through 99.07 to this Current Report on Form 8-K.

Use of Non-GAAP Financial Measures

Exhibits 99.01, 99.02, 99.03 and 99.04 to this Current Report on Form 8-K, in addition to including earnings and earnings per share in accordance with generally accepted accounting principles (“GAAP”) for the three months and six months ended June 30, 2008, also include earnings and earnings per share for such periods excluding a significant charge related to the application of Financial Accounting Standards Board (“FASB”) Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” and FASB Staff Position No. 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction” to Southern Company’s investments in leveraged leases. The charge related to Southern Company’s investments in leveraged lease transactions significantly impacted the presentation of earnings and earnings per share for the three months and six months ended June 30, 2008, and significant charges related to these investments are not expected to occur on a regular basis. Exhibits 99.01, 99.02, 99.03 and 99.04 to this Current Report on Form 8-K, in addition to including earnings and earnings per share in accordance with GAAP for the three months and six months ended June 30, 2007, also include earnings and earnings per share for such periods excluding the results of Southern Company’s synthetic fuel investments, which claimed federal income tax credits. The availability of synthetic fuel tax credits and Southern Company’s investment in these activities ended on December 31, 2007. Southern Company management uses earnings per share, excluding synthetic fuel earnings and excluding the effect of the charge related to the leveraged lease investments, to evaluate the performance of Southern Company’s ongoing business activities.Southern Company believes the presentation of earnings and earnings per share, excluding the results of the synthetic fuel investments and the effect of the charge related to the leveraged lease investments, also is useful for investors because it provides investors with additional information for purposes of comparing Southern Company’s performance for such periods. 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

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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 June 30, 2008:

Exhibit 99.01	Press Release.
Exhibit 99.02	Financial Highlights.
Exhibit 99.03	Significant Factors Impacting EPS.
Exhibit 99.04	EPS Earnings Analysis.
Exhibit 99.05	Consolidated Earnings.
Exhibit 99.06	Kilowatt-Hour Sales.
Exhibit 99.07	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:     July 30, 2008	THE SOUTHERN COMPANY
	By     /s/W. Ron Hinson W. Ron Hinson Comptroller
	ALABAMA POWER COMPANY GEORGIA POWER COMPANY GULF POWER COMPANY MISSISSIPPI POWER COMPANY SOUTHERN POWER COMPANY
	By      /s/Wayne Boston Wayne Boston Assistant Secretary

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EX-99.1

Exhibit 99.01

News

Media Contact:	Terri Cohilas
	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

July 30, 2008

Southern Company reports second quarter earnings

ATLANTA – Southern Company today reported second quarter earnings of $416.4 million, or 54 cents a share, compared with $429.2 million for the second quarter of 2007, or 57 cents a share, in the same period a year ago.

For the six months ended June 30, Southern Company’s earnings were $775.6 million, or $1.01 a share, compared with $767.8 million, or $1.02 a share, for the same period a year ago.

Earnings for the second quarter and six months ended June 30, 2008, included a $67 million charge, or 9 cents per share, related to three leveraged leases from the 1990s when Southern Company pursued development of international energy projects. Earnings for the second quarter and six months ended June 30, 2007, included synthetic fuel earnings of 2 cents per share and 5 cents per share, respectively.

Excluding the impact of synthetic fuel investments and charges related to the leveraged leases, Southern Company earned 63 cents a share for the second quarter of 2008, compared with 55 cents a share for the same period in 2007, and earnings for the first six months of 2008 were $1.10 a share, compared with 97 cents a share for the same period in 2007.

Revenues for the second quarter were $4.22 billion, compared with $3.77 billion in the same period a year ago, an 11.8 percent increase. For the first six months of the year, revenues totaled $7.90 billion, compared with $7.18 billion in the same period a year ago, a 10 percent increase.

“Through hard work and dedication, our employees continue to safely provide reliable electricity to our customers at prices below the national average and with industry leading customer service,” said Southern Company Chairman, President and CEO David M. Ratcliffe. “This continued focus on the execution of our business strategy produces solid results for our shareholders.”

As compared with the nation, the economic slowdown is less severe in the Southeast, as evidenced in part by a job growth rate of 0.45 percent in the Southeast versus 0.04 percent for the nation. Although

customer growth has slowed, Southern Company has added 40,000 customers since the end of the second quarter in 2007, a 0.9 percent increase.

Positive earnings drivers for the second quarter include recovery of investments made for transmission and distribution infrastructure and environmental control technology. These investments help ensure that Southern Company continues to meet growing demand, maintain reliability and produce cleaner energy. Contributions from customers on our market-response rates also helped drive earnings.

The positive earnings drivers were offset in part by the charge for leveraged leases, asset depreciation primarily associated with increased investment in environmental equipment and infrastructure, and higher non-fuel operations and maintenance expenses.

In the second quarter, kilowatt-hour sales to retail customers in Southern Company’s four-state service area decreased 1.2 percent compared with sales in the second quarter of 2007. Residential electricity sales decreased 2.7 percent. Electricity sales to commercial customers increased 0.9 percent, and industrial sales decreased 1.8 percent. Year-to-date, kilowatt-hour sales to retail customers increased 0.1 percent compared with sales during the same period in 2007. Residential electricity sales decreased 0.4 percent. Commercial sales increased 1.3 percent and industrial sales declined 0.7 percent.

Total energy sales to Southern Company’s customers in the Southeast, including wholesale sales, increased 0.5 percent in the second quarter of 2008 compared with the same period of 2007. Year-to-date, total sales of electricity increased 0.9 percent compared with the same period in 2007.

With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast, one of America’s fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, 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 significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for nine consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at www.southerncompany.com.

Cautionary Note Regarding Forward-Looking Statements:

Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning results of operations and customer and economic growth. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company’s Annual Report on Form 10-K for the year ended December 31, 2007, 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, implementation of the Energy Policy Act of 2005, environmental laws including regulation of water quality and emissions of sulfur, nitrogen, mercury, carbon, soot, or particulate matter and other substances, and also changes in 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 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, including those relating to weather, the general economy, population and business growth (and declines), and the effects of energy conservation measures; available sources and costs of fuels; effects of inflation; 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, including rate actions relating to fuel and storm restoration cost recovery; regulatory approvals related to the potential Plant Vogtle expansion, including Georgia PSC and NRC approvals; 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 and to perform as required; 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, droughts, pandemic health events such as an avian influenza, 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-99.2

Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
	3 Months Ended June											Year-to-Date June
				2008					2007				2008			2007
Consolidated Earnings–As Reported				(Notes)					(Notes)				(Notes)			(Notes)
(See Notes)
Traditional Operating Companies		$				452		$		383	$			794	$		668
Southern Power						35				40				64			72
Total						487				423				858			740
Synthetic Fuels						1				12				(1)			41
Parent Company and Other						(72)				(6)				(81)			(13)
Net Income - As Reported		$				416		$		429	$			776	$		768
Basic Earnings Per Share - (See Notes)		$				0.54		$		0.57	$			1.01	$		1.02
Average Shares Outstanding (in millions)						769				755				768			753
End of Period Shares Outstanding (in millions)														771			757
					3 Months Ended June						Year-to-Date June
							2008			2007				2008			2007
Consolidated Earnings–Excluding Items
(See Notes)
Net Income - As Reported			$			416		$		429	$			776	$		768
Leveraged Lease Adjustment						67				-				67			-
Synthetic Fuels						(1)				(12)				1			(41)
Net Income–Excluding Items			$			482		$		417	$			844	$		727
Basic Earnings Per Share–Excluding Items			$			0.63		$		0.55	$			1.10	$		0.97

Notes

- For the 3 months and 6 months ended June 2008 and 2007, diluted earnings per share are not more than 1 cent per share and are not material.

- The charge related to Southern Company's investments in leveraged lease transactions significantly impacted the presentation of earnings and earnings per share for the three months and six months ended June 30, 2008, and significant charges related to these investments are not expected to occur on a regular basis.

- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007. Synthetic fuel related income no longer materially contributes to Southern Company's earnings or earnings 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. Certain classifications may be different from final results published in the Form 10-Q.

EX-99.3

Exhibit 99.03
Southern Company
Significant Factors Impacting EPS
	3 Months Ended June				Year-to-Date June
		2008	2007	Change		2008	2007	Change

Consolidated Earnings–As Reported	$	0.54	$	0.57	$	(0.03)	$	1.01	$	1.02	$	(0.01)
(See Notes)
Significant Factors:
Traditional Operating Companies						0.09						0.16
Southern Power						(0.01)						(0.01)
Synthetic Fuels						(0.02)						(0.05)
Parent Company and Other						(0.08)						(0.09)
Additional Shares						(0.01)						(0.02)
Total–As Reported					$	(0.03)					$	(0.01)
	3 Months Ended June						Year-to-Date June
		2008		2007		Change		2008		2007		Change
Consolidated Earnings–Excluding Items	$	0.63	$	0.55	$	0.08	$	1.10	$	0.97	$	0.13
(See Notes)
Total–As Reported						(0.03)						(0.01)
Leveraged Lease Adjustment						0.09						0.09
Synthetic Fuels						0.02						0.05
Total–Excluding Items					$	0.08					$	0.13

Notes

- The charge related to Southern Company's investments in leveraged lease transactions significantly impacted the presentation of earnings and earnings per share for the three months and six months ended June 30, 2008, and significant charges related to these investments are not expected to occur on a regular basis.

- Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007. Synthetic fuel related income no longer materially contributes to Southern Company's earnings or earnings 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. Certain classifications may be different from final results published in the Form 10-Q.

EX-99.4

Exhibit 99.04

Southern Company

EPS Earnings Analysis

Three Months Ended June 2008

Cents	Description
$0.17	Retail Non-Fuel Revenues
(0.01)	Weather Impact on Retail Non-Fuel Revenues
0.01	Other Income & Deductions
(0.03)	Non-Fuel O&M
(0.04)	Depreciation & Amortization
(0.01)	Taxes Other Than Income Taxes
$0.09	Total Traditional Operating Companies
(0.01)	Southern Power
0.01	Parent and Other (excluding leveraged lease adjustment)
(0.01)	Increase in Shares
$0.08	Total Change in QTD EPS (x-Items)
(0.02)	Synthetic Fuels
(0.09)	Leveraged Lease Adjustment
($0.03)	Total Change - QTD EPS (As Reported)

Notes

-The charge related to Southern Company's investments in leveraged lease transactions significantly impacted the presentation of earnings and earnings per share for the three months and six months ended June 30, 2008, and significant charges related to these investments are not expected to occur on a regular basis.

-Tax credits associated with Southern Company's synthetic fuel investments expired December 31, 2007. Synthetic fuel related income no longer materially contributes to Southern Company's earnings or earnings per share.

-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.

EX-99.5

Exhibit 99.05

Southern Company

Consolidated Earnings

(In Millions of Dollars)

		3 Months Ended June						Year-to-Date June
		2008		2007		Change		2008		2007		Change
Income Account-
Retail Revenue-
Fuel	$	1,392	$	1,239	$	153	$	2,595	$	2,332	$	263
Non-Fuel		2,058		1,866		192		3,860		3,517		343
Wholesale Revenue		592		487		105		1,105		968		137
Other Electric Revenues		141		130		11		271		251		20
Non-regulated Operating Revenues		32		50		(18)		67		113		(46)
Total Revenues		4,215		3,772		443		7,898		7,181		717
Fuel and Purchased Power		1,819		1,558		261		3,364		2,938		426
Non-fuel O & M		915		875		40		1,812		1,723		89
Depreciation and Amortization		359		310		49		703		617		86
Taxes Other Than Income Taxes		198		185		13		387		368		19
Total Operating Expenses		3,291		2,928		363		6,266		5,646		620
Operating Income		924		844		80		1,632		1,535		97
Other Income, net		(38)		24		(62)		25		55		(30)
Interest Charges and Dividends		245		233		12		478		461		17
Income Taxes		225		206		19		403		361		42
NET INCOME (See Notes)	$	416	$	429	$	(13)	$	776	$	768	$	8

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.

EX-99.6

Exhibit 99.06

Southern Company

Kilowatt-Hour Sales

(In Millions of KWHs)

	3 Months Ended June				Year-to-Date June
				Weather				Weather
				Adjusted				Adjusted
As Reported (See Notes)	2008	2007	Change	Change	2008	2007	Change	Change
Kilowatt-Hour Sales-
Total Sales	50,536	50,306	0.5%		99,013	98,124	0.9%
Total Retail Sales-	39,882	40,354	-1.2%	-0.6%	78,458	78,395	0.1%	0.2%
Residential	12,127	12,460	-2.7%	-0.8%	24,830	24,924	-0.4%	0.1%
Commercial	13,834	13,716	0.9%	0.9%	26,339	25,993	1.3%	1.3%
Industrial	13,688	13,940	-1.8%	-2.0%	26,823	27,001	-0.7%	-0.7%
Other	233	238	-1.9%	-1.8%	466	477	-2.4%	-2.3%
Total Wholesale Sales	10,654	9,952	7.1%	N/A	20,555	19,729	4.2%	N/A

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.

EX-99.7

Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

	3 Months Ended June					Year-to-Date June
		2008		2007	% Change		2008		2007	% Change
Consolidated –
Operating Revenues	$	4,215	$	3,772	11.8%	$	7,898	$	7,181	10.0%
Earnings Before Income Taxes		641		635	1.0%		1,179		1,129	4.4%
Net Income		416		429	-3.0%		776		768	1.0%
Alabama Power –
Operating Revenues	$	1,470	$	1,336	10.0%	$	2,806	$	2,533	10.8%
Earnings Before Income Taxes		257		250	2.8%		470		445	5.5%
Net Income Available to Common		153		147	3.9%		283		262	8.0%
Georgia Power –
Operating Revenues	$	2,111	$	1,844	14.5%	$	3,976	$	3,501	13.6%
Earnings Before Income Taxes		385		289	32.9%		649		492	31.8%
Net Income Available to Common		248		188	31.6%		424		320	32.6%
Gulf Power –
Operating Revenues	$	350	$	298	17.3%	$	661	$	595	11.2%
Earnings Before Income Taxes		44		35	25.5%		75		66	13.8%
Net Income Available to Common		27		21	26.9%		47		40	15.9%
Mississippi Power –
Operating Revenues	$	298	$	273	9.0%	$	583	$	530	10.1%
Earnings Before Income Taxes		38		43	-11.0%		64		75	-14.2%
Net Income Available to Common		24		26	-8.7%		40		46	-12.5%
Southern Power –
Operating Revenues	$	317	$	244	29.7%	$	532	$	437	21.9%
Earnings Before Income Taxes		60		66	-8.7%		106		119	-11.2%
Net Income Available to Common		35		40	-11.1%		64		72	-10.4%

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.