Exhibit 99.05

Southern Company

Consolidated Earnings

(In Millions of Dollars)

		Three Months Ended March
		2009		2008		Change
Income Account-
Retail Revenue-
Fuel	$	1,252	$	1,203	$	49
Non-Fuel		1,813		1,803		10
Wholesale Revenues		451		514		(63)
Other Electric Revenues		123		130		(7)
Non-regulated Operating Revenues		27		33		(6)
Total Revenues		3,666		3,683		(17)
Fuel and Purchased Power		1,514		1,545		(31)
Non-fuel O & M		870		897		(27)
MCAR Litigation Settlement		202		-		202
Depreciation and Amortization		390		344		46
Taxes Other Than Income Taxes		200		189		11
Total Operating Expenses		3,176		2,975		201
Operating Income		490		708		(218)
Other Income, net		45		62		(17)
Interest Charges		226		217		9
Income Taxes		167		178		(11)
Net Income		142		375		(233)
Dividends on Preferred and Preference Stock of Subsidiaries		16		16		-
NET INCOME AFTER DIVIDENDS ON PREFERRED
AND PREFERENCE STOCK (See Notes)	$	126	$	359	$	(233)

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.