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 25, 2012                                                

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 25, 2012, The Southern Company issued a press release regarding its earnings for the three months ended March 31, 2012.  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, 2012 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, 2012:

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.

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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 25, 2012	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

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EX-99.01

Exhibit 99.01

 News  

Media Contact:          Southern Company Media Relations

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

www.southerncompany.com

Investor Relations Contact:

Dan Tucker

404-506-5310

dstucker@southernco.com

                         April 25, 2012

Southern Company first quarter earnings:

Mild weather offsets emerging economic growth

ATLANTA -- Southern Company today reported first quarter 2012 earnings of $368 million, or 42 cents a share, compared with earnings of $422 million, or 50 cents a share, in the first quarter of 2011.

First quarter 2012 revenues were $3.60 billion, compared with $4.01 billion for the first quarter of 2011, a 10.2 percent decrease.

Earnings were negatively affected by warmer-than-normal weather during the first quarter of 2012, partially offset by retail revenue effects in the company’s traditional business.

“Despite the effects of an unusually warm winter, we continue to see positive indications of economic growth in our service territory,” said Thomas A. Fanning, Southern Company chairman, president and chief executive officer. “In the meantime, we remain focused on our core business strategy of providing clean, safe, reliable and affordable electricity to customers throughout the Southeast.”

Fanning cited stronger-than-expected residential customer growth as the latest indicator of the ongoing economic recovery. Southern Company’s traditional operating companies added approximately 15,000 new residential customers during the first quarter of 2012, a significant increase over the 2,000 customers added during the same period a year ago.

Kilowatt-hour sales to retail customers in the Southern Company system's four-state service area decreased 5.1 percent in the first quarter of 2012 compared with the first quarter of 2011. Residential and commercial energy sales – both of which were negatively affected by warmer-than-normal weather – decreased 13.7 percent and 3.1 percent, respectively. Industrial energy sales increased 1.9 percent.

Total energy sales to customers, including wholesale sales, decreased 7.3 percent in the first quarter of 2012 compared with the first quarter of 2011.

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/events.cfm. A replay of the webcast only will be available at the site for 12 months.

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 43,000 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 also 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 sales growth, economic recovery, customer growth, and job creation. 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, 2011, 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, 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 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 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 approvals, Nuclear Regulatory Commission actions, and potential U.S. Department of Energy loan guarantees; regulatory approvals and actions related to the Kemper County integrated coal gasification combined cycle facility, including Mississippi Public Service Commission approvals, potential U.S. Department of Energy loan guarantees, the South Mississippi Electric Power Association purchase decision, utilization of investment tax credits, and the outcome of any further proceedings regarding the Mississippi Public Service Commission’s issuance of the certificate of public convenience and necessity; 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, 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 availability or benefits of proposed U.S. Department of Energy loan guarantees; 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
		2012		2011
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	340	$	384
Southern Power		29		38
Total		369		422
Parent Company and Other		(1)		0
Net Income–As Reported	$	368	$	422
Basic Earnings Per Share	$	0.42	$	0.50
Average Shares Outstanding (in millions)		868		848
End of Period Shares Outstanding (in millions)		869		850

Notes

- For the three months ended March 31, 2012 and 2011, 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 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 March
		2012	2011		Change
Consolidated Earnings Per Share–
As Reported (See Notes)		$0.42	$0.50	$	(0.08)
Significant Factors:
Traditional Operating Companies					(0.06)
Southern Power					(0.01)
Additional Shares					(0.01)
Total–As Reported				$	(0.08)

Notes

- For the three months ended March 31, 2012 and 2011, 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 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 March 2012

Cents	Description
5¢	Retail Revenue Impacts
(8)	Weather
(1)	Non-Fuel O&M
(2)	Depreciation & Amortization
(6)¢	Total Traditional Operating Companies
(1)	Southern Power
(1)	Increase in Shares
(8)¢	Total Change in YTD EPS

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

EX-99.05

Exhibits 99.05

 Southern Company

 Consolidated Earnings

 (In Millions of Dollars)

		Three Months Ended March
		2012		2011		Change
Income Account-
Retail Revenues-
Fuel	$	1,035	$	1,302	$	(267)
Non-Fuel		2,057		2,094		(37)
Wholesale Revenues		349		449		(100)
Other Electric Revenues		148		150		(2)
Non-regulated Operating Revenues		15		17		(2)
Total Revenues		3,604		4,012		(408)
Fuel and Purchased Power		1,205		1,576		(371)
Non-fuel O & M		967		944		23
Depreciation and Amortization		441		418		23
Taxes Other Than Income Taxes		225		220		5
Total Operating Expenses		2,838		3,158		(320)
Operating Income		766		854		(88)
Allowance for Equity Funds Used During Construction		31		35		(4)
Interest Expense, Net of Amounts Capitalized		211		222		(11)
Other Income (Expense), net		(2)		2		(4)
Income Taxes		200		231		(31)
Net Income		384		438		(54)
Dividends on Preferred and Preference Stock of Subsidiaries		16		16		0
NET INCOME AFTER DIVIDENDS ON PREFERRED
AND PREFERENCE STOCK (See Notes)	$	368	$	422	$	(54)

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 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 March
				Weather
				Adjusted
As Reported (See Notes)	2012	2011	Change	Change
Kilowatt-Hour Sales-
Total Sales	41,524	44,805	-7.3%
Total Retail Sales-	36,258	38,220	-5.1%	0.4%
Residential	11,404	13,220	-13.7%	0.6%
Commercial	11,957	12,334	-3.1%	-1.3%
Industrial	12,667	12,430	1.9%	1.9%
Other	230	236	-2.9%	-2.1%
Total Wholesale Sales	5,266	6,585	-20.0%	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 and rounding 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
		2012	2011	% Change
Consolidated –
Operating Revenues		$3,604	$4,012	-10.2%
Earnings Before Income Taxes		584	669	-12.7%
Net Income Available to Common		368	422	-12.8%
Alabama Power –
Operating Revenues		$1,216	$1,320	-7.9%
Earnings Before Income Taxes		220	258	-14.7%
Net Income Available to Common		126	152	-17.1%
Georgia Power –
Operating Revenues		$1,745	$1,989	-12.3%
Earnings Before Income Taxes		263	321	-18.1%
Net Income Available to Common		167	206	-18.9%
Gulf Power –
Operating Revenues		$316	$325	-2.6%
Earnings Before Income Taxes		34	20	69.8%
Net Income Available to Common		21	12	76.8%
Mississippi Power –
Operating Revenues		$229	$263	-13.1%
Earnings Before Income Taxes		34	22	53.6%
Net Income Available to Common		25	15	72.8%
Southern Power –
Operating Revenues		$254	$282	-10.0%
Earnings Before Income Taxes		43	59	-27.1%
Net Income Available to Common		29	38	-22.3%

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 and rounding may be different from final results published in the Form 10-Q.