8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    October 29, 2014

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 Boulevard 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

The names and addresses of the registrants have not changed since the last report.

This combined Form 8-K is furnished separately by six registrants: The Southern Company, Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company and Southern Power Company. Information contained herein relating to each registrant is furnished by each registrant solely on its own behalf. Each registrant makes no representation as to information relating to the other registrants.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:

[  ]	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))

Item 2.02 Results of Operations and Financial Condition

The information in this Current Report on Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibits attached hereto, shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On October 29, 2014, The Southern Company (“Southern Company”) issued a press release regarding its earnings for the periods ended September 30, 2014. A copy of this release is being furnished as Exhibit 99.01 to this Current Report on Form 8-K. In addition, certain additional information regarding the financial results for the three-month and nine-month periods ended September 30, 2014 is being furnished as Exhibits 99.02 through 99.07 to this Current Report on Form 8-K.

Use of Non-GAAP Financial Measures

Exhibits 99.01, 99.02, 99.03 and 99.04 to this Current Report on Form 8-K, in addition to including earnings and earnings per share in accordance with generally accepted accounting principles (“GAAP”) for the three-month and nine-month periods ended September 30, 2014 and 2013, also include earnings and earnings per share (1) for the three-month and nine-month periods ended September 30, 2014 and 2013 excluding charges for estimated probable losses relating to Mississippi Power Company’s construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (“Kemper IGCC”) and (2) for the nine-month period ended September 30, 2013 excluding a charge related to the restructuring of a leveraged lease investment that was completed in March 2013. These charges significantly impacted the presentation of earnings and earnings per share for the respective periods. Leveraged lease charges are not expected to occur with any regularity as part of Southern Company’s ongoing business activities, and any charges similar to the Kemper IGCC charges are items that may occur with uncertain frequency in the future. Southern Company believes the presentation of earnings and earnings per share, excluding these charges, is useful to investors because it provides investors with additional information to evaluate the performance of Southern Company’s ongoing business activities. Southern Company management also uses earnings and earnings per share, excluding the effect of these charges, to evaluate the performance of Southern Company’s ongoing business activities.  The presentation of this additional information is not meant to be considered a substitute for financial measures prepared in accordance with GAAP.

Exhibits

The exhibits hereto contain business segment information for Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company and Southern Power Company. Accordingly, this report is also being furnished on behalf of each such registrant.

The following exhibits relate to the periods ended September 30, 2014:

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.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:    October 29, 2014	THE SOUTHERN COMPANY
	By	/s/Ann P. Daiss
		Ann P. Daiss 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

- 2 -

EX-99.01

		Exhibit 99.01
News
Media Contact:	Southern Company Media Relations
	404-506-5333 or 866-506-5333
	www.southerncompany.com
Investor Relations Contact:
	Dan Tucker
	404-506-5310
	dstucker@southernco.com
		October 29, 2014

Southern Company reports third quarter earnings

ATLANTA - Southern Company today reported third quarter 2014 earnings of $718 million, or 80 cents per share, compared with earnings of $852 million, or 97 cents per share, in the third quarter of 2013.

For the nine months ended Sept. 30, 2014, earnings were $1.68 billion, or $1.88 per share, compared with $1.23 billion, or $1.41 per share, for the same period in 2013.

Earnings for the three and nine months ended Sept. 30, 2014, include after-tax charges of $258 million (29 cents per share) and $493 million (55 cents per share), respectively, related to increased cost estimates for the construction of Mississippi Power’s Kemper County integrated gasification combined cycle (IGCC) project. Earnings for the three and nine months ended Sept. 30, 2013, include after-tax charges of $93 million (11 cents per share) and $704 million (81 cents per share), respectively, related to the Kemper County IGCC project. Earnings for the first nine months of 2013 also include an after-tax charge of $16 million (2 cents per share) for the restructuring of a leveraged lease investment recorded in the first quarter of 2013.

Excluding these items, Southern Company earned $976 million, or $1.09 per share, during the third quarter of 2014, compared with $945 million, or $1.08 per share, during the third quarter of 2013. For the first nine months of 2014, excluding these items, Southern Company earned $2.17 billion, or $2.43 per share, compared with earnings of $1.95 billion, or $2.24 per share, for the same period in 2013.

Earnings continue to be positively influenced by increased industrial sales, closer-to-normal weather and retail revenue effects at Southern Company’s traditional operating companies. Earnings were negatively influenced by increased non-fuel operations and maintenance expenses.

“We continue to see evidence of economic recovery across the Southeast, such as increases in industrial sales and residential customer growth,” said Southern Company Chairman, President and CEO Thomas A. Fanning. “We will support this recovery, as always, through our customer-focused business model and our commitment to providing clean, safe, reliable and affordable energy.”

Fanning also pointed to progress at the Kemper County project. “The Kemper County plant is generating electricity from natural gas,” he said. “With construction essentially complete, our focus turns towards the startup of the gasification and carbon capture systems. We believe our recent schedule extension will help preserve the long-term value of this important technology - not just for Mississippi Power customers, but for the U.S. and the world.”

Third quarter 2014 operating revenues were $5.34 billion, compared with $5.02 billion for the same period in 2013, an increase of 6.4 percent. Operating revenues for the first nine months of 2014 were $14.45 billion, compared with $13.16 billion for the same period in 2013, a 9.8 percent increase.

Kilowatt-hour sales to retail customers in Southern Company's four-state service area increased 3.6 percent in the third quarter of 2014 compared with the third quarter of 2013. Residential energy sales increased 5.0 percent, commercial energy sales increased 1.1 percent and industrial energy sales increased 4.8 percent.

For the first nine months of 2014, retail sales increased 4.2 percent compared with the same period in 2013. Residential energy sales increased 7.2 percent, commercial energy sales increased 2.0 percent and industrial energy sales increased 3.6 percent.

Total energy sales to the Southern Company system's customers in the Southeast, including wholesale sales, increased 7.7 percent in the third quarter of 2014 compared with the same period in 2013. For the first nine months of 2014, total energy sales increased 7.3 percent compared with the same period in 2013.

Southern Company's financial analyst call will begin at 1 p.m. Eastern time today, during which Fanning and Chief Financial Officer Art P. Beattie will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. A replay of the webcast will be available at the site for 12 months.

Southern Company has also posted on its website detailed financial information on its third quarter performance. These materials are available at www.southerncompany.com.

With more than 4.4 million customers and nearly 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by DiversityInc as a top company for Blacks and designated a 2013 Top Employer for Hispanics by Hispanic Network. The company received the Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Electric Light & Power magazine's Utility of the Year for 2012 and is continually ranked among the top utilities in Fortune's annual World’s Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.

Cautionary Note Regarding Forward-Looking Statements:

Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning cost and schedule for completion of ongoing construction projects, the economy, sales growth and customer growth. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company’s Annual Report on Form 10-K for the year ended December 31, 2013, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including legislative and regulatory initiatives regarding deregulation and restructuring of the electric utility industry, environmental laws including regulation of water, coal combustion residuals, and emissions of sulfur, nitrogen, carbon dioxide, soot, particulate matter, hazardous air pollutants, including mercury, and other substances, and also changes in tax and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws and regulations; current and future litigation, regulatory investigations, proceedings, or inquiries, including pending Environmental Protection Agency civil actions against certain Southern Company subsidiaries, Federal Energy Regulatory Commission matters, and Internal Revenue Service and state tax audits; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company’s subsidiaries operate; variations in demand for electricity, including those relating to weather, the general economy and recovery from the last recession, population and business growth (and declines), the effects of energy conservation measures, including from the development and deployment of alternative energy sources such as self-generation and distributed generation technologies, and any potential economic impacts resulting from federal fiscal decisions; available sources and costs of fuels; effects of inflation; ability to control costs and avoid cost overruns during the development and construction of facilities, which include the development and construction of generating facilities with designs that have not been finalized or previously constructed, including changes in labor costs and productivity factors, adverse weather conditions, shortages and inconsistent quality of equipment, materials, and labor, contractor or supplier delay, non-performance under construction or other agreements, operational performance, operational readiness, including specialized operator training, unforeseen engineering or design problems, delays associated with start-up activities (including major equipment failure and system integration), and/or operations; ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, including any Public Service Commission (“PSC”) requirements and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of Southern Company’s employee and retiree benefit plans and the Southern Company system’s nuclear decommissioning trust funds; advances in technology; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; legal proceedings and regulatory approvals and actions related to the Plant Vogtle expansion, including Georgia PSC approvals and Nuclear Regulatory Commission actions and related legal proceedings involving the commercial parties; actions related to cost recovery for the Kemper County IGCC project, including actions relating to any proposed securitization, Mississippi PSC approval of Mississippi Power Company’s proposed rate recovery plan, as ultimately amended, which currently includes the ability to complete the proposed sale of an interest in the Kemper County IGCC project to South Mississippi

Electric Power Association, the ability to utilize bonus depreciation, which currently requires that assets be placed in service in 2014, and satisfaction of requirements to utilize investment tax credits and grants; Mississippi PSC review of the prudence of Kemper County IGCC project costs; the outcome of any legal or regulatory proceedings regarding any settlement agreement between Mississippi Power Company and the Mississippi PSC, the March 2013 rate order approving retail rate increases consistent with the terms of the settlement agreement, or the State of Mississippi legislation designed to enhance the Mississippi PSC’s authority to facilitate development and construction of baseload generation in the State of Mississippi; the inherent risks involved in operating and constructing nuclear generating facilities, including environmental, health, regulatory, natural disaster, terrorism, and financial risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system’s business resulting from terrorist incidents and the threat of terrorist incidents, including cyber intrusion; interest rate fluctuations and financial market conditions and the results of financing efforts, including Southern Company’s and its subsidiaries’ credit ratings; the impacts of any potential U.S. credit rating downgrade or other sovereign financial issues, including impacts on interest rates, access to capital markets, impacts on currency exchange rates, counterparty performance, and the economy in general, as well as potential impacts on the benefits of the U.S. Department of Energy loan guarantees; the ability of Southern Company’s subsidiaries to obtain additional generating capacity at competitive prices; catastrophic events such as fires, earthquakes, explosions, floods, hurricanes, droughts, pandemic health events such as influenzas, or other similar occurrences; the direct or indirect effects on the Southern Company system’s business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.

###

EX-99.02

Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
	Three Months Ended September					Year-to-Date September
	2014			2013		2014			2013
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	657		$	765	$	1,557		$	1,099
Southern Power	64			85		128			142
Total	721			850		1,685			1,241
Parent Company and Other	(3		)	2		(5		)	(11		)
Net Income–As Reported	$	718		$	852	$	1,680		$	1,230
Basic Earnings Per Share	$	0.80		$	0.97	$	1.88		$	1.41
Average Shares Outstanding (in millions)	898			878		894			874
End of Period Shares Outstanding (in millions)						901			882
	Three Months Ended September					Year-to-Date September
	2014			2013		2014			2013
Consolidated Earnings–Excluding Items
(See Notes)
Net Income–As Reported	$	718		$	852	$	1,680		$	1,230
Estimated Loss on Kemper IGCC	258			93		493			704
Leveraged Lease Restructure	—			—		—			16
Net Income–Excluding Items	$	976		$	945	$	2,173		$	1,950
Basic Earnings Per Share–Excluding Items	$	1.09		$	1.08	$	2.43		$	2.24
Notes
- For the three and nine months ended September 30, 2014 and 2013, dilution does not change basic earnings per share by more than 1 cent and is not material.
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three and nine months ended September 30, 2014 and 2013 and any similar charges may occur with uncertain frequency.
- The charge related to the restructuring of a leveraged lease investment that was completed on March 1, 2013 impacted the presentation of earnings and earnings per share for the nine months ended September 30, 2013 and similar charges are not expected to occur with any regularity in the future.
- 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.

EX-99.03

Exhibit 99.03
Southern Company
Significant Factors Impacting EPS
	Three Months Ended September							Year-to-Date September
	2014		2013		Change			2014		2013		Change
Consolidated Earnings Per Share–
As Reported (See Notes)	$	0.80	$	0.97	$	(0.17	)	$	1.88	$	1.41	$	0.47
Significant Factors:
Traditional Operating Companies					(0.12		)					0.53
Southern Power					(0.03		)					(0.02		)
Parent Company and Other					—							0.01
Increase in Shares					(0.02		)					(0.05		)
Total–As Reported					$	(0.17	)					$	0.47
	Three Months Ended September							Year-to-Date September
	2014		2013		Change			2014		2013		Change
Consolidated Earnings Per Share–
Excluding Items (See Notes)	$	1.09	$	1.08	$	0.01		$	2.43	$	2.24	$	0.19
Total–As Reported					(0.17		)					0.47
Estimated Loss on Kemper IGCC					0.18							(0.26		)
Leveraged Lease Restructure					—							(0.02		)
Total–Excluding Items					$	0.01						$	0.19
Notes
- For the three and nine months ended September 30, 2014 and 2013, dilution does not change basic earnings per share by more than 1 cent and is not material.
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three and nine months ended September 30, 2014 and 2013 and any similar charges may occur with uncertain frequency.
- The charge related to the restructuring of a leveraged lease investment that was completed on March 1, 2013 impacted the presentation of earnings and earnings per share for the nine months ended September 30, 2013 and similar charges are not expected to occur with any regularity in the future.
- 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.

EX-99.04

	Exhibit 99.04
Southern Company
EPS Earnings Analysis
Three Months Ended September 2014 vs. September 2013
Cents	Description
1¢	Retail Sales
6	Retail Revenue Impacts
6	Weather
(6)	Non-Fuel O&M
(1)	Depreciation and Amortization
(1)	Taxes Other Than Income Taxes
1	Other Income and Deductions
6¢	Total Traditional Operating Companies
(3)	Southern Power
(2)	Increase in Shares
1¢	Total Change in QTD EPS (x-Items)
(18)	Estimated Loss on Kemper IGCC
(17)¢	Total Change in QTD EPS (As Reported)
Notes
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended September 30, 2014 and 2013 and any similar charges may occur with uncertain frequency.
- 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.

EX-99.05

Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended September									Year-to-Date September
	2014			2013			Change			2014			2013			Change
Income Account-
Retail Revenues-
Fuel	$	1,483		$	1,435		$	48		$	4,255		$	3,830		$	425
Non-Fuel	3,075			2,884			191			7,931			7,407			524
Wholesale Revenues	600			520			80			1,719			1,406			313
Other Electric Revenues	169			166			3			503			477			26
Non-regulated Operating Revenues	12			12			—			42			40			2
Total Revenues	5,339			5,017			322			14,450			13,160			1,290
Fuel and Purchased Power	1,850			1,725			125			5,279			4,583			696
Non-Fuel O & M	1,021			928			93			3,026			2,849			177
Depreciation and Amortization	514			480			34			1,515			1,422			93
Taxes Other Than Income Taxes	258			243			15			751			710			41
Estimated Loss on Kemper IGCC	418			150			268			798			1,140			(342		)
Total Operating Expenses	4,061			3,526			535			11,369			10,704			665
Operating Income	1,278			1,491			(213		)	3,081			2,456			625
Allowance for Equity Funds Used During Construction	63			53			10			182			139			43
Interest Expense, Net of Amounts Capitalized	207			202			5			623			628			(5		)
Other Income (Expense), net	(7		)	(5		)	(2		)	(20		)	(31		)	11
Income Taxes	392			468			(76		)	889			657			232
Net Income	735			869			(134		)	1,731			1,279			452
Dividends on Preferred and Preference Stock of Subsidiaries	17			17			—			51			49			2
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK	$	718		$	852		$	(134	)	$	1,680		$	1,230		$	450
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.

EX-99.06

Exhibit 99.06
Southern Company
Kilowatt-Hour Sales
(In Millions of KWHs)
	Three Months Ended September						Year-to-Date September
As Reported	2014	2013	Change		Weather Adjusted Change		2014	2013	Change		Weather Adjusted Change
Kilowatt-Hour Sales-
Total Sales	54,945	51,040	7.7	%			149,650	139,418	7.3	%
Total Retail Sales-	45,015	43,454	3.6	%	1.0	%	123,912	118,922	4.2	%	1.0	%
Residential	15,390	14,653	5.0	%	(0.3	)%	41,565	38,770	7.2	%	0.1	%
Commercial	15,003	14,836	1.1	%	(1.1	)%	40,894	40,108	2.0	%	(0.5	)%
Industrial	14,393	13,738	4.8	%	4.8	%	40,770	39,363	3.6	%	3.6	%
Other	229	227	1.0	%	0.9	%	683	681	0.3	%	0.2	%
Total Wholesale Sales	9,930	7,586	30.9	%	N/A		25,738	20,496	25.6	%	N/A

EX-99.07

Exhibit 99.07
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
	Three Months Ended September								Year-to-Date September
	2014			2013			% Change		2014			2013			% Change
Consolidated –
Operating Revenues	$	5,339		$	5,017		6.4	%	$	14,450		$	13,160		9.8	%
Earnings Before Income Taxes	1,127			1,337			(15.7	)%	2,620			1,936			35.3	%
Net Income Available to Common	718			852			(15.7	)%	1,680			1,230			36.6	%
Alabama Power –
Operating Revenues	$	1,669		$	1,604		4.1	%	$	4,614		$	4,304		7.2	%
Earnings Before Income Taxes	475			442			7.5	%	1,101			992			11.0	%
Net Income Available to Common	282			258			9.3	%	642			572			12.2	%
Georgia Power –
Operating Revenues	$	2,631		$	2,484		5.9	%	$	7,086		$	6,408		10.6	%
Earnings Before Income Taxes	846			790			7.1	%	1,775			1,579			12.4	%
Net Income Available to Common	525			487			7.8	%	1,102			966			14.1	%
Gulf Power –
Operating Revenues	$	438		$	399		9.8	%	$	1,229		$	1,097		12.1	%
Earnings Before Income Taxes	78			75			4.3	%	198			168			18.4	%
Net Income Available to Common	47			45			4.0	%	117			99			18.4	%
Mississippi Power –
Operating Revenues	$	355		$	325		9.0	%	$	997		$	878		13.6	%
Earnings (Loss) Before Income Taxes	(334		)	(56		)	N/M		(556		)	(843		)	34.0	%
Net Income (Loss) Available to Common	(195		)	(24		)	N/M		(305		)	(490		)	37.8	%
Southern Power –
Operating Revenues	$	435		$	365		19.3	%	$	1,115		$	975		14.4	%
Earnings Before Income Taxes	87			103			(15.1	)%	154			180			(14.3	)%
Net Income Available to Common	64			85			(25.3	)%	128			142			(10.1	)%
N/M - not meaningful
Notes
- Mississippi Power Company restated its 2012 financial statements to reflect a pre-tax charge to income for the estimated probable loss on Kemper IGCC of $78 million ($48 million after tax) in 2012. Southern Company evaluated the portion of the estimated probable loss related to 2012 and concluded it was not material to Southern Company. Therefore, Southern Company reflected the pre-tax charge to income for this portion of the estimated probable loss related to 2012 in the first quarter 2013.
- 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.