Segment and Related Information

6 Months Ended

Jun. 30, 2011

Segment and Related Information [Abstract]

SEGMENT AND RELATED INFORMATION

(I) SEGMENT AND RELATED INFORMATION

Southern Company’s reportable business segments are the sale of electricity in the Southeast by the four traditional operating companies and Southern Power. Revenues from sales by Southern Power to the traditional operating companies were $71 million and $154 million for the three and six months ended June 30, 2011, respectively, and $93 million and $195 million for the three and six months ended June 30, 2010, respectively. The “All Other” column includes parent Southern Company, which does not allocate operating expenses to business segments. Also, this category includes segments below the quantitative threshold for separate disclosure. These segments include investments in telecommunications and leveraged lease projects. All other intersegment revenues are not material. Financial data for business segments and products and services was as follows:

	Electric Utilities
	Traditional
	Operating		Southern							All
	Companies		Power		Eliminations			Total		Other		Eliminations			Consolidated
					(in millions)
Three Months Ended June 30, 2011:
Operating revenues	$	4,291	$	305	$	(93	)	$	4,503	$	38	$	(20	)	$	4,521
Segment net income (loss)*		559		44		—			603		1		—			604
Six Months Ended June 30, 2011:
Operating revenues	$	8,101	$	587	$	(191	)	$	8,497	$	76	$	(40	)	$	8,533
Segment net income (loss)*		943		82		—			1,025		2		(1	)		1,026
Total assets at June 30, 2011	$	52,117	$	3,537	$	(108	)	$	55,546	$	1,068	$	(591	)	$	56,023
Three Months Ended June 30, 2010:
Operating revenues	$	4,056	$	249	$	(118	)	$	4,187	$	41	$	(20	)	$	4,208
Segment net income (loss)*		476		31		—			507		3		—			510
Six Months Ended June 30, 2010:
Operating revenues	$	8,061	$	505	$	(243	)	$	8,323	$	82	$	(40	)	$	8,365
Segment net income (loss)*		957		46		—			1,003		3		(1	)		1,005
Total assets at December 31, 2010	$	51,144	$	3,438	$	(128	)	$	54,454	$	1,178	$	(600	)	$	55,032
*     After dividends on preferred and preference stock of subsidiaries

Products and Services

	Electric Utilities’ Revenues
Period	Retail		Wholesale		Other		Total
			(in millions)
Three Months Ended June 30, 2011	$	3,842	$	507	$	154	$	4,503
Three Months Ended June 30, 2010		3,571		473		143		4,187
Six Months Ended June 30, 2011	$	7,238	$	956	$	303	$	8,497
Six Months Ended June 30, 2010		7,030		1,015		278		8,323