EXHIBIT 99.02

Southern Company

Financial Highlights

(In Millions of Dollars Except Earnings Per Share)

	3 Months Ended June				Year-to-Date June
		2007		2006		2007		2006
		(Notes)		(Notes)		(Notes)		(Notes)
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	383	$	360	$	668	$	602
Southern Power		40		32		72		52
Total		423		392		740		654
Synthetic Fuels		12		(6)		41		3
Leasing Business		1		6		1		11
Parent Company and Other		(7)		(7)		(14)		(21)
Net Income - As Reported	$	429	$	385	$	768	$	647
Basic Earnings Per Share - (See Notes)	$	0.57	$	0.52	$	1.02	$	0.87
Operating Revenues	$	3,772	$	3,592	$	7,181	$	6,655
Average Shares Outstanding (in millions)		755		743		753		742
End of Period Shares Outstanding (in millions)						757		743
	3 Months Ended June				Year-to-Date June
		2007		2006		2007		2006
Consolidated Earnings–Excluding Synfuels
(See Notes)
Net Income - As Reported	$	429	$	385	$	768	$	647
Less: Synthetic Fuels		(12)		6		(41)		(3)
Net Income–Excluding Synthetic Fuels	$	417	$	391	$	727	$	644

Basic Earnings Per Share–Excluding Synfuels $ 0.55 $ 0.52 $ 0.97 $ 0.87

Notes

- For the second quarter and year-to-date 2007, diluted earnings per share was 1 cent per share.

- Tax credits associated with Southern Company's synthetic fuel investments expire on December 31, 2007 and will not contribute to Southern Company's earnings and earnings per share after 2007.

- Certain prior year data has been reclassified to conform with current year presentation.

- Information contained in this report is subject to audit and adjustments. Certain classifications may be different from final results published in the Form 10-Q.