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.