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: July 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 June
|
Year-to-Date June
|
|||||||||||||
2011
|
2010
|
2011
|
2010
|
|||||||||||
Consolidated Earnings–As Reported
|
||||||||||||||
(See Notes)
|
||||||||||||||
Traditional Operating Companies
|
$
|
558
|
$
|
475
|
$
|
943
|
$
|
957
|
||||||
Southern Power
|
45
|
32
|
82
|
46
|
||||||||||
Total
|
603
|
507
|
1,025
|
1,003
|
||||||||||
Parent Company and Other
|
0
|
3
|
1
|
2
|
||||||||||
Net Income–As Reported
|
$
|
603
|
$
|
510
|
$
|
1,026
|
$
|
1,005
|
||||||
Basic Earnings Per Share
|
$
|
0.71
|
$
|
0.62
|
$
|
1.20
|
$
|
1.22
|
||||||
Average Shares Outstanding (in millions)
|
855
|
828
|
851
|
825
|
||||||||||
End of Period Shares Outstanding (in millions)
|
858
|
831
|
||||||||||||
Notes | |
- |
For the three months and six months ended June 30, 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 and rounding may be different from final results published in the Form 10-Q.
|
Exhibit 99.03 |
Southern Company
|
Significant Factors Impacting EPS
|
Three Months Ended June
|
Year-to-Date June
|
||||||||||||||||||
2011
|
2010
|
Change
|
2011
|
2010
|
Change
|
||||||||||||||
Consolidated Earnings Per Share–
|
|||||||||||||||||||
As Reported (See Notes)
|
$0.71
|
$0.62
|
$0.09
|
$1.20
|
$1.22
|
($0.02)
|
|||||||||||||
Significant Factors:
|
|||||||||||||||||||
Traditional Operating Companies
|
0.09
|
(0.02)
|
|||||||||||||||||
Southern Power
|
0.02
|
0.04
|
|||||||||||||||||
Parent Company and Other
|
0.00
|
0.00
|
|||||||||||||||||
Additional Shares
|
(0.02)
|
(0.04)
|
|||||||||||||||||
Total–As Reported
|
$0.09
|
($0.02)
|
Notes | |||
- |
For the three months and six months ended June 30, 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 and rounding may be different from final results published in the Form 10-Q.
|
Exhibit 99.04 |
Southern Company
|
EPS Earnings Analysis
|
Three Months Ended June 2011
|
Cents
|
Description
|
||||
2¢ | Retail Sales | ||||
14
|
Retail Revenue Impacts
|
||||
1
|
Weather
|
||||
(1)
|
Wholesale Revenues
|
||||
1
|
Other Operating Revenues
|
||||
(5)
|
Depreciation & Amortization
|
||||
(2)
|
Other Income & Deductions
|
||||
1
|
Interest Expense
|
||||
(1)
|
Taxes Other Than Income Taxes
|
||||
(1)
|
Income Taxes
|
||||
9¢
|
Total Traditional Operating Companies
|
||||
2
|
Southern Power
|
||||
(2)
|
Increase in Shares
|
||||
9¢
|
Total Change in QTD EPS
|
Notes
|
|||||
-
|
Information contained in this report is subject to audit and adjustments. Certain classifications
and rounding 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 June
|
Year-to-Date June
|
||||||||||||||||||
2011
|
2010
|
Change
|
2011
|
2010
|
Change
|
||||||||||||||
Income Account-
|
|||||||||||||||||||
Retail Revenues-
|
|||||||||||||||||||
Fuel
|
$
|
1,491
|
$
|
1,454
|
$
|
37
|
$
|
2,794
|
$
|
2,882
|
$
|
(88)
|
|||||||
Non-Fuel
|
2,351
|
2,117
|
234
|
4,444
|
4,148
|
296
|
|||||||||||||
Wholesale Revenues
|
507
|
473
|
34
|
956
|
1,015
|
(59)
|
|||||||||||||
Other Electric Revenues
|
154
|
142
|
12
|
303
|
278
|
25
|
|||||||||||||
Non-regulated Operating Revenues
|
18
|
21
|
(3)
|
36
|
42
|
(6)
|
|||||||||||||
Total Revenues
|
4,521
|
4,207
|
314
|
8,533
|
8,365
|
168
|
|||||||||||||
Fuel and Purchased Power
|
1,817
|
1,757
|
60
|
3,393
|
3,529
|
(136)
|
|||||||||||||
Non-fuel O & M
|
913
|
918
|
(5)
|
1,855
|
1,827
|
28
|
|||||||||||||
Depreciation and Amortization
|
429
|
367
|
62
|
848
|
710
|
138
|
|||||||||||||
Taxes Other Than Income Taxes
|
227
|
214
|
13
|
447
|
426
|
21
|
|||||||||||||
Total Operating Expenses
|
3,386
|
3,256
|
130
|
6,543
|
6,492
|
51
|
|||||||||||||
Operating Income
|
1,135
|
951
|
184
|
1,990
|
1,873
|
117
|
|||||||||||||
Other Income, net
|
32
|
42
|
(10)
|
69
|
88
|
(19)
|
|||||||||||||
Interest Charges
|
199
|
219
|
(20)
|
421
|
441
|
(20)
|
|||||||||||||
Income Taxes
|
349
|
248
|
101
|
580
|
483
|
97
|
|||||||||||||
Net Income
|
619
|
526
|
93
|
1,058
|
1,037
|
21
|
|||||||||||||
Dividends on Preferred and Preference Stock of Subsidiaries
|
16
|
16
|
0
|
32
|
32
|
0
|
|||||||||||||
NET INCOME AFTER DIVIDENDS ON PREFERRED
|
|||||||||||||||||||
AND PREFERENCE STOCK (See Notes)
|
$
|
603
|
$
|
510
|
$
|
93
|
$
|
1,026
|
$
|
1,005
|
$
|
21
|
|||||||
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 and rounding 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 June
|
Year-to-Date June
|
||||||||||||||||
Weather
|
|
Weather
|
|||||||||||||||
Adjusted
|
|
Adjusted
|
|||||||||||||||
As Reported (See Notes)
|
2011
|
2010
|
Change
|
Change
|
2011
|
2010
|
Change
|
Change
|
|||||||||
Kilowatt-Hour Sales-
|
|||||||||||||||||
Total Sales
|
48,393
|
47,826
|
1.2%
|
93,198
|
96,285
|
-3.2%
|
|||||||||||
Total Retail Sales-
|
40,329
|
39,676
|
1.6%
|
1.5%
|
78,549
|
79,446
|
-1.1%
|
1.5%
|
|||||||||
Residential
|
12,996
|
12,711
|
2.2%
|
1.2%
|
26,215
|
27,840
|
-5.8%
|
0.1%
|
|||||||||
Commercial
|
13,938
|
13,992
|
-0.4%
|
0.0%
|
26,272
|
26,743
|
-1.8%
|
-0.4%
|
|||||||||
Industrial
|
13,160
|
12,739
|
3.3%
|
3.5%
|
25,590
|
24,389
|
4.9%
|
4.9%
|
|||||||||
Other
|
235
|
234
|
0.3%
|
0.1%
|
472
|
474
|
-0.5%
|
-0.6%
|
|||||||||
Total Wholesale Sales
|
8,064
|
8,150
|
-1.1%
|
N/A
|
14,649
|
16,839
|
-13.0%
|
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 and rounding 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 June
|
Year-to-Date June
|
|||||||||||||||
2011
|
2010
|
% Change
|
2011
|
2010
|
% Change
|
|||||||||||
Consolidated –
|
||||||||||||||||
Operating Revenues
|
$
|
4,521
|
$
|
4,207
|
7.5%
|
$
|
8,533
|
$
|
8,365
|
2.0%
|
||||||
Earnings Before Income Taxes
|
968
|
774
|
25.1%
|
1,638
|
1,520
|
7.7%
|
||||||||||
Net Income Available to Common
|
603
|
510
|
18.2%
|
1,026
|
1,005
|
2.1%
|
||||||||||
Alabama Power –
|
||||||||||||||||
Operating Revenues
|
$
|
1,440
|
$
|
1,462
|
-1.5%
|
$
|
2,760
|
$
|
2,957
|
-6.7%
|
||||||
Earnings Before Income Taxes
|
331
|
319
|
3.8%
|
589
|
654
|
-9.9%
|
||||||||||
Net Income Available to Common
|
190
|
190
|
0.0%
|
342
|
393
|
-13.0%
|
||||||||||
Georgia Power –
|
||||||||||||||||
Operating Revenues
|
$
|
2,265
|
$
|
2,000
|
13.3%
|
$
|
4,254
|
$
|
3,984
|
6.8%
|
||||||
Earnings Before Income Taxes
|
483
|
359
|
34.8%
|
804
|
694
|
15.8%
|
||||||||||
Net Income Available to Common
|
309
|
238
|
29.8%
|
515
|
476
|
8.2%
|
||||||||||
Gulf Power –
|
||||||||||||||||
Operating Revenues
|
$
|
399
|
$
|
403
|
-1.0%
|
$
|
724
|
$
|
760
|
-4.7%
|
||||||
Earnings Before Income Taxes
|
55
|
53
|
3.3%
|
75
|
95
|
-21.2%
|
||||||||||
Net Income Available to Common
|
33
|
32
|
3.2%
|
45
|
58
|
-21.8%
|
||||||||||
Mississippi Power –
|
||||||||||||||||
Operating Revenues
|
$
|
286
|
$
|
277
|
3.3%
|
$
|
549
|
$
|
560
|
-2.0%
|
||||||
Earnings Before Income Taxes
|
38
|
25
|
54.6%
|
61
|
50
|
20.5%
|
||||||||||
Net Income Available to Common
|
25
|
15
|
66.1%
|
40
|
30
|
30.9%
|
||||||||||
Southern Power –
|
||||||||||||||||
Operating Revenues
|
$
|
305
|
$
|
248
|
22.8%
|
$
|
587
|
$
|
505
|
16.2%
|
||||||
Earnings Before Income Taxes
|
69
|
39
|
76.1%
|
127
|
63
|
101.5%
|
||||||||||
Net Income Available to Common
|
45
|
32
|
41.3%
|
82
|
46
|
77.9%
|
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 and rounding may be different from final results published in the Form 10-Q.
|
|