Segment and Related Information

9 Months Ended

Sep. 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 primarily in the Southeast by the four traditional operating companies and Southern Power. Revenues from sales by Southern Power to the traditional operating companies were $85 million and $239 million for the three and nine months ended September 30, 2011, respectively, and $93 million and $288 million for the three and nine months ended September 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 September 30, 2011:
Operating revenues	$	5,145	$	363	$	(97	)	$	5,411	$	38		$	(21	)	$	5,428
Segment net income (loss)*		862		56		—			918		—			(2	)		916
Nine Months Ended September 30, 2011:
Operating revenues	$	13,246	$	950	$	(288	)	$	13,908	$	114		$	(61	)	$	13,961
Segment net income (loss)*		1,805		138		—			1,943		2			(3	)		1,942
Total assets at September 30, 2011	$	52,949	$	3,757	$	(160	)	$	56,546	$	1,431		$	(634	)	$	57,343
Three Months Ended September 30, 2010:
Operating revenues	$	5,066	$	357	$	(124	)	$	5,299	$	40		$	(19	)	$	5,320
Segment net income (loss)*		756		63		—			819		(1	)		(1	)		817
Nine Months Ended September 30, 2010:
Operating revenues	$	13,127	$	862	$	(367	)	$	13,622	$	122		$	(59	)	$	13,685
Segment net income (loss)*		1,713		109		—			1,822		2			(2	)		1,822
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 September 30, 2011	$	4,693	$	557	$	161	$	5,411
Three Months Ended September 30, 2010		4,573		566		160		5,299
Nine Months Ended September 30, 2011	$	11,931	$	1,513	$	464	$	13,908
Nine Months Ended September 30, 2010		11,603		1,581		438		13,622