Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended March
	2014			2013			Change
Income Account-
Retail Revenues-
Fuel	$	1,476		$	1,137		$	339
Non-Fuel	2,382			2,161			221
Wholesale Revenues	604			432			172
Other Electric Revenues	165			155			10
Non-regulated Operating Revenues	17			12			5
Total Revenues	4,644			3,897			747
Fuel and Purchased Power	1,834			1,357			477
Non-fuel O & M	986			974			12
Depreciation and Amortization	497			466			31
Taxes Other Than Income Taxes	247			235			12
Estimated Loss on Kemper IGCC	380			540			(160		)
Total Operating Expenses	3,944			3,572			372
Operating Income	700			325			375
Allowance for Equity Funds Used During Construction	57			41			16
Interest Expense, Net of Amounts Capitalized	206			211			(5		)
Other Income (Expense), net	(7		)	(27		)	20
Income Taxes	176			31			145
Net Income	368			97			271
Dividends on Preferred and Preference Stock of Subsidiaries	17			16			1
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK	$	351		$	81		$	270
Notes
- Certain prior year data has been reclassified to conform with current year presentation.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.