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)                       April 27, 2011                                           

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 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 registrant 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 April 27, 2011, The Southern Company issued a press release regarding its earnings for the three months ended March 31, 2011.  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 months ended March 31, 2011 is being furnished as Exhibits 99.02 through 99.07 to this Current Report on Form 8-K.

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 three months ended March 31, 2011:

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:             April 27, 2011	THE SOUTHERN COMPANY
	By   /s/W. Ron Hinson                                                                                            W. Ron Hinson                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

EX-99.01

Exhibit 99.01

 News  

Media Contact:                     Southern Company Media Relations

404-506-5333 or 1-866-506-5333

media@southerncompany.com

www.southerncompany.com

Investor Relations Contact:

                Glen Kundert

                404-506-5135

gakunder2@southernco.com

                         April 27, 2011

Southern Company reports first quarter earnings

ATLANTA – Southern Company (NYSE: SO) today reported first quarter earnings of $422.3 million, or 50 cents a share, compared with $494.5 million, or 60 cents a share, for the same period a year ago.

Revenues for the first quarter were $4.01 billion, compared with $4.16 billion for the same period a year ago, a 3.5 percent decrease.

Earnings were negatively affected by a return to more normal temperatures for the period, as compared with abnormally cold weather during the same period in 2010. Earnings were further negatively affected by a reduction in wholesale revenue, due to the scheduled expiration of a long-term contract for a portion of a major generating facility in Alabama that was subsequently transferred to retail jurisdiction. Increased operations and maintenance expenses and higher depreciation and amortization also contributed negatively.

Earnings were positively influenced by better-than-expected growth in the industrial sector, as well as a recent regulatory action in Georgia that supports investment in advanced technologies, cleaner natural gas generation and new environmental controls.

“Activity among our industrial customers has nearly reached pre-recession levels, and we expect that momentum to continue as the year progresses,” said Southern Company Chairman, President and CEO Thomas A. Fanning. “While the overall pace of economic recovery remains measured, we are confident in the fundamental strength of our service territory and in our core business strategy focused on exceptional customer satisfaction, industry-leading reliability and prices below the national average.”

As evidence of the industrial growth trend, full-year industrial sales for 2010 increased 7.7 percent compared with 2009, and were further bolstered by a 6.7 percent increase in the first quarter of 2011 compared with the first quarter of 2010.  Meanwhile, a recent Southern Company survey shows that in 2011, one-third of the largest industrial customers in Georgia expect increases in employment and 60 percent anticipate increases in production.

Kilowatt-hour sales to retail customers in Southern Company’s four-state service area decreased 3.9 percent in the first quarter of 2011 compared with the first quarter of 2010. Residential electricity sales decreased 12.6 percent, while commercial sales decreased 3.3 percent.

Total energy sales to Southern Company’s customers in the Southeast, including wholesale sales, decreased 7.5 percent in the first quarter of 2011 compared with the same period in 2010.

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 earnings guidance, as well as 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/events.cfm. A replay of the webcast only will be available at the site for 12 months. Also posted at this site are transcripts of remarks on U.S. energy policy recently given by Fanning at a U.S. Chamber of Commerce luncheon and testimony delivered by Fanning to the Energy and Power Subcommittee of the U.S. House of Representatives.

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

With 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast. A leading U.S. producer of 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 excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company was named the World’s Most Admired Electric and Gas Utility by Fortune magazine in 2011, and is consistently listed among the top U.S. electric service providers in customer satisfaction by the American Customer Satisfaction Index. 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 economic recovery and economic 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, 2010, 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, implementation of the Energy Policy Act of

2005, environmental laws including regulation of water quality, coal combustion byproducts, and emissions of sulfur, nitrogen, carbon, soot, particulate matter, hazardous air pollutants, including mercury, and other substances, financial reform legislation, 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 the pending Environmental Protection Agency civil actions against certain Southern Company subsidiaries, Federal Energy Regulatory Commission matters and Internal Revenue Service 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 recent recession, population and business growth (and declines), and the effects of energy conservation measures; available sources and costs of fuels; effects of inflation; ability to control costs and avoid cost overruns during the development and construction of facilities; investment performance of Southern Company’s employee benefit plans and 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; regulatory approvals and actions related to the Plant Vogtle expansion, including Georgia Public Service Commission and Nuclear Regulatory Commission approvals and potential U.S. Department of Energy loan guarantees; regulatory approvals and actions related to the integrated coal gasification combined cycle facility in Kemper County, Mississippi, including Mississippi Public Service Commission approvals and potential U.S. Department of Energy loan guarantees; 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 Southern Company’s business resulting from terrorist incidents and the threat of terrorist incidents; interest rate fluctuations and financial market conditions and the results of financing efforts, including Southern Company’s and its subsidiaries’ credit ratings; the ability of Southern Company and its 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 Southern Company’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 March
		2011		2010
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	384	$	481
Southern Power		38		15
Total		422		496
Parent Company and Other		0		(1)
Net Income–As Reported	$	422	$	495
Basic Earnings Per Share -	$	0.50	$	0.60
Average Shares Outstanding (in millions)		848		823
End of Period Shares Outstanding (in millions)		850		825
Notes
- For the three months ended March 31, 2011 and 2010, dilution does not change basic earnings per share by more than 1 cent and is not material.
- 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.

EX-99.03

Exhibit 99.03
Southern Company
Significant Factors Impacting EPS
	Three Months Ended March
		2011	2010		Change
Consolidated Earnings Per Share–
As Reported (See Notes)		$0.50	$0.60		$(0.10)
Significant Factors:
Traditional Operating Companies					(0.12)
Southern Power					0.03
Additional Shares					(0.01)
Total–As Reported				$	(0.10)
Notes
- For the three months ended March 31, 2011 and 2010, dilution does not change basic earnings per share by more than 1 cent and is not material.
- 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.

EX-99.04

Exhibit 99.04

Southern Company

EPS Earnings Analysis

Three Months Ended March 2011

Cents	Description
0.12	Retail Revenue Impacts
(0.07)	Weather
(0.05)	Wholesale Revenues
0.01	Other Operating Revenues
(0.03)	Non-Fuel O&M
(0.06)	Depreciation & Amortization
(0.01)	Other Income & Deductions
(0.01)	Taxes Other Than Income Taxes
(0.02)	Income Taxes
($0.12)	Total Traditional Operating Companies
0.03	Southern Power
(0.01)	Increase in Shares
($0.10)	Total Change in YTD EPS (As Reported)

Notes
-	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.

EX-99.05

Exhibit 99.05
Southern Company
Consolidated Earnings
(In Millions of Dollars)
		Three Months Ended March
		2011		2010		Change
Income Account-
Retail Revenues-
Fuel	$	1,302	$	1,428	$	(126)
Non-Fuel		2,094		2,031		63
Wholesale Revenues		449		542		(93)
Other Electric Revenues		150		135		15
Non-regulated Operating Revenues		17		21		(4)
Total Revenues		4,012		4,157		(145)
Fuel and Purchased Power		1,576		1,772		(196)
Non-fuel O & M		944		908		36
Depreciation and Amortization		418		343		75
Taxes Other Than Income Taxes		220		212		8
Total Operating Expenses		3,158		3,235		(77)
Operating Income		854		922		(68)
Other Income, net		37		47		(10)
Interest Charges		222		222		0
Income Taxes		231		236		(5)
Net Income		438		511		(73)
Dividends on Preferred and Preference Stock of Subsidiaries		16		16		-
NET INCOME AFTER DIVIDENDS ON PREFERRED
AND PREFERENCE STOCK (See Notes)	$	422	$	495	$	(73)
Notes
- 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.

EX-99.06

Exhibit 99.06
Southern Company
Kilowatt-Hour Sales
(In Millions of KWHs)
	Three Months Ended March
				Weather
				Adjusted
As Reported (See Notes)	2011	2010	Change	Change
Kilowatt-Hour Sales-
Total Sales	44,805	48,459	-7.5%
Total Retail Sales-	38,220	39,771	-3.9%	1.4%
Residential	13,220	15,129	-12.6%	-0.9%
Commercial	12,334	12,752	-3.3%	-0.8%
Industrial	12,430	11,650	6.7%	6.4%
Other	236	240	-1.3%	-1.2%
Total Wholesale Sales	6,585	8,688	-24.2%	N/A
Notes
- 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.

EX-99.07

Exhibit 99.07
Southern Company
Financial Overview
(In Millions of Dollars)
	Three Months Ended March
		2011		2010	% Change
Consolidated –
Operating Revenues	$	4,012	$	4,157	-3.5%
Earnings Before Income Taxes		669		747	-10.2%
Net Income Available to Common		422		495	-14.6%
Alabama Power –
Operating Revenues	$	1,320	$	1,495	-11.7%
Earnings Before Income Taxes		258		335	-23.0%
Net Income Available to Common		152		203	-24.8%
Georgia Power –
Operating Revenues	$	1,989	$	1,984	0.2%
Earnings Before Income Taxes		321		335	-4.5%
Net Income Available to Common		206		238	-13.6%
Gulf Power –
Operating Revenues	$	325	$	357	-9.0%
Earnings Before Income Taxes		20		42	-52.3%
Net Income Available to Common		12		25	-53.8%
Mississippi Power –
Operating Revenues	$	263	$	284	-7.2%
Earnings Before Income Taxes		22		25	-12.7%
Net Income Available to Common		15		15	-4.2%
Southern Power –
Operating Revenues	$	282	$	256	9.9%
Earnings Before Income Taxes		59		24	142.5%
Net Income Available to Common		38		15	156.3%
Notes
-   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.