Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended March
	2015			2014			Change
Income Account-
Retail Revenues-
Fuel	$	1,088		$	1,476		$	(388	)
Non-Fuel	2,454			2,382			72
Wholesale Revenues	467			604			(137		)
Other Electric Revenues	163			165			(2		)
Other Revenues	11			17			(6		)
Total Revenues	4,183			4,644			(461		)
Fuel and Purchased Power	1,356			1,834			(478		)
Non-Fuel O & M	1,122			986			136
Depreciation and Amortization	487			497			(10		)
Taxes Other Than Income Taxes	252			247			5
Estimated Loss on Kemper IGCC	9			380			(371		)
Total Operating Expenses	3,226			3,944			(718		)
Operating Income	957			700			257
Allowance for Equity Funds Used During Construction	63			57			6
Interest Expense, Net of Amounts Capitalized	213			206			7
Other Income (Expense), net	(8		)	(7		)	(1		)
Income Taxes	274			176			98
Net Income	525			368			157
Dividends on Preferred and Preference Stock of Subsidiaries	17			17			—
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK	$	508		$	351		$	157
Notes
- Certain prior year data may have 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.