Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended March
	2016			2015			Change
Income Account-
Retail Revenues-
Fuel	$	875		$	1,088		$	(213	)
Non-Fuel	2,502			2,454			48
Wholesale Revenues	396			467			(71		)
Other Electric Revenues	181			163			18
Other Revenues	11			11			—
Total Revenues	3,965			4,183			(218		)
Fuel and Purchased Power	1,076			1,356			(280		)
Non-Fuel O & M	1,109			1,122			(13		)
Depreciation and Amortization	541			487			54
Taxes Other Than Income Taxes	256			252			4
Estimated Loss on Kemper IGCC	53			9			44
Total Operating Expenses	3,035			3,226			(191		)
Operating Income	930			957			(27		)
Allowance for Equity Funds Used During Construction	53			63			(10		)
Interest Expense, Net of Amounts Capitalized	246			213			33
Other Income (Expense), net	(18		)	(8		)	(10		)
Income Taxes	222			274			(52		)
Consolidated Net Income	497			525			(28		)
Less:
Dividends on Preferred and Preference Stock of Subsidiaries	11			17			(6		)
Net Income Attributable to Noncontrolling Interests	1			—			1
CONSOLIDATED NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	485		$	508		$	(23	)
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.