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 35203
(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
|
001-31737
|
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
|
[ ]
|
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))
|
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.
|
Date: April 27, 2011
|
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/Melissa K. Caen
Melissa K. Caen
Assistant Secretary
|
News | |
Exhibit 99.02 | |||||
Southern Company
|
|||||
Financial Highlights
|
|||||
(In Millions of Dollars Except Earnings Per Share)
|
|||||
Three Months Ended March
|
|||||
2011
|
2010
|
||||
Consolidated Earnings–As Reported
|
|||||
(See Notes)
|
|||||
Traditional Operating Companies
|
$
|
384
|
$
|
481
|
|
Southern Power
|
38
|
15
|
|||
Total
|
422
|
496
|
|||
Parent Company and Other
|
0
|
(1)
|
|||
Net Income–As Reported
|
$
|
422
|
$
|
495
|
|
Basic Earnings Per Share -
|
$
|
0.50
|
$
|
0.60
|
|
Average Shares Outstanding (in millions)
|
848
|
823
|
|||
End of Period Shares Outstanding (in millions)
|
850
|
825
|
|||
Notes
|
|||||
- For the three months ended March 31, 2011 and 2010, dilution does not change basic earnings per share by more than 1 cent and is not material.
|
|||||
- 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.
|
|||||
Exhibit 99.03 | ||||||||||
Southern Company
|
||||||||||
Significant Factors Impacting EPS
|
||||||||||
Three Months Ended March
|
||||||||||
2011
|
2010
|
Change
|
||||||||
Consolidated Earnings Per Share–
|
||||||||||
As Reported (See Notes)
|
|
$0.50
|
|
$0.60
|
|
$(0.10)
|
||||
Significant Factors:
|
||||||||||
Traditional Operating Companies
|
(0.12)
|
|||||||||
Southern Power
|
0.03
|
|||||||||
Additional Shares
|
(0.01)
|
|||||||||
Total–As Reported
|
$
|
(0.10)
|
||||||||
Notes
|
||||||||||
- For the three months ended March 31, 2011 and 2010, dilution does not change basic earnings per share by more than 1 cent and is not material.
|
||||||||||
- 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.
|
Exhibit 99.04 |
Southern Company
|
EPS Earnings Analysis
|
Three Months Ended March 2011
|
Cents
|
Description
|
||||
0.12
|
Retail Revenue Impacts
|
||||
(0.07)
|
Weather
|
||||
(0.05)
|
Wholesale Revenues
|
||||
0.01
|
Other Operating Revenues
|
||||
(0.03)
|
Non-Fuel O&M
|
||||
(0.06)
|
Depreciation & Amortization
|
||||
(0.01)
|
Other Income & Deductions
|
||||
(0.01)
|
Taxes Other Than Income Taxes
|
||||
(0.02)
|
Income Taxes
|
||||
($0.12)
|
Total Traditional Operating Companies
|
||||
0.03
|
Southern Power
|
||||
(0.01)
|
Increase in Shares
|
||||
($0.10)
|
Total Change in YTD EPS (As Reported)
|
Notes
|
||||
-
|
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.
|
|||
Exhibit 99.05 | |||||||||
Southern Company
|
|||||||||
Consolidated Earnings
|
|||||||||
(In Millions of Dollars)
|
|||||||||
Three Months Ended March
|
|||||||||
2011
|
2010
|
Change
|
|||||||
Income Account-
|
|||||||||
Retail Revenues-
|
|||||||||
Fuel
|
$
|
1,302
|
$
|
1,428
|
$
|
(126)
|
|||
Non-Fuel
|
2,094
|
2,031
|
63
|
||||||
Wholesale Revenues
|
449
|
542
|
(93)
|
||||||
Other Electric Revenues
|
150
|
135
|
15
|
||||||
Non-regulated Operating Revenues
|
17
|
21
|
(4)
|
||||||
Total Revenues
|
4,012
|
4,157
|
(145)
|
||||||
Fuel and Purchased Power
|
1,576
|
1,772
|
(196)
|
||||||
Non-fuel O & M
|
944
|
908
|
36
|
||||||
Depreciation and Amortization
|
418
|
343
|
75
|
||||||
Taxes Other Than Income Taxes
|
220
|
212
|
8
|
||||||
Total Operating Expenses
|
3,158
|
3,235
|
(77)
|
||||||
Operating Income
|
854
|
922
|
(68)
|
||||||
Other Income, net
|
37
|
47
|
(10)
|
||||||
Interest Charges
|
222
|
222
|
0
|
||||||
Income Taxes
|
231
|
236
|
(5)
|
||||||
Net Income
|
438
|
511
|
(73)
|
||||||
Dividends on Preferred and Preference Stock of Subsidiaries
|
16
|
16
|
-
|
||||||
NET INCOME AFTER DIVIDENDS ON PREFERRED
|
|||||||||
AND PREFERENCE STOCK (See Notes)
|
$
|
422
|
$
|
495
|
$
|
(73)
|
|||
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.
|
Exhibit 99.06 | |||||||||||
Southern Company
|
|||||||||||
Kilowatt-Hour Sales
|
|||||||||||
(In Millions of KWHs)
|
|||||||||||
Three Months Ended March
|
|||||||||||
Weather
|
|||||||||||
Adjusted
|
|||||||||||
As Reported (See Notes)
|
2011
|
2010
|
Change
|
Change
|
|||||||
Kilowatt-Hour Sales-
|
|||||||||||
Total Sales
|
44,805
|
48,459
|
-7.5%
|
||||||||
Total Retail Sales-
|
38,220
|
39,771
|
-3.9%
|
1.4%
|
|||||||
Residential
|
13,220
|
15,129
|
-12.6%
|
-0.9%
|
|||||||
Commercial
|
12,334
|
12,752
|
-3.3%
|
-0.8%
|
|||||||
Industrial
|
12,430
|
11,650
|
6.7%
|
6.4%
|
|||||||
Other
|
236
|
240
|
-1.3%
|
-1.2%
|
|||||||
Total Wholesale Sales
|
6,585
|
8,688
|
-24.2%
|
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.
|
Exhibit 99.07 | ||||||||
Southern Company
|
||||||||
Financial Overview
|
||||||||
(In Millions of Dollars)
|
||||||||
Three Months Ended March
|
||||||||
2011
|
2010
|
% Change
|
||||||
Consolidated –
|
||||||||
Operating Revenues
|
$
|
4,012
|
$
|
4,157
|
-3.5%
|
|||
Earnings Before Income Taxes
|
669
|
747
|
-10.2%
|
|||||
Net Income Available to Common
|
422
|
495
|
-14.6%
|
|||||
Alabama Power –
|
||||||||
Operating Revenues
|
$
|
1,320
|
$
|
1,495
|
-11.7%
|
|||
Earnings Before Income Taxes
|
258
|
335
|
-23.0%
|
|||||
Net Income Available to Common
|
152
|
203
|
-24.8%
|
|||||
Georgia Power –
|
||||||||
Operating Revenues
|
$
|
1,989
|
$
|
1,984
|
0.2%
|
|||
Earnings Before Income Taxes
|
321
|
335
|
-4.5%
|
|||||
Net Income Available to Common
|
206
|
238
|
-13.6%
|
|||||
Gulf Power –
|
||||||||
Operating Revenues
|
$
|
325
|
$
|
357
|
-9.0%
|
|||
Earnings Before Income Taxes
|
20
|
42
|
-52.3%
|
|||||
Net Income Available to Common
|
12
|
25
|
-53.8%
|
|||||
Mississippi Power –
|
||||||||
Operating Revenues
|
$
|
263
|
$
|
284
|
-7.2%
|
|||
Earnings Before Income Taxes
|
22
|
25
|
-12.7%
|
|||||
Net Income Available to Common
|
15
|
15
|
-4.2%
|
|||||
Southern Power –
|
||||||||
Operating Revenues
|
$
|
282
|
$
|
256
|
9.9%
|
|||
Earnings Before Income Taxes
|
59
|
24
|
142.5%
|
|||||
Net Income Available to Common
|
38
|
15
|
156.3%
|
|||||
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.
|
||||||||