Segment and Related Information

6 Months Ended

Jun. 30, 2012

Segment and Related Information [Abstract]

SEGMENT AND RELATED INFORMATION

(J) SEGMENT AND RELATED INFORMATION

Southern Company’s reportable business segments are the sale of electricity in the Southeast by the four traditional operating companies and Southern Power. Revenues from sales by Southern Power to the traditional operating companies were $106 million and $218 million for the three and six months ended June 30, 2012, respectively, and $71 million and $154 million for the three and six months ended June 30, 2011, respectively. The “All Other” column includes parent Southern Company, which does not allocate operating expenses to business segments. Also, this category includes segments below the quantitative threshold for separate disclosure. These segments include investments in telecommunications and leveraged lease projects. All other intersegment revenues are not material. Financial data for business segments and products and services was as follows:

	Electric Utilities
	Traditional         Operating         Companies		Southern         Power		Eliminations			Total		All   Other		Eliminations		Consolidated
	(in millions)
Three Months Ended June 30, 2012:
Operating revenues	$	3,989	$	286	$	(109)		$	4,166	$	35	$	(20)	$	4,181
Segment net income (loss)(a)		549		47		—			596		27		—		623
Six Months Ended June 30, 2012:
Operating revenues	$	7,438	$	539	$	(222)		$	7,755	$	73	$	(43)	$	7,785
Segment net income (loss)(a)		888		76		—			964		28		(1)		991
Total assets at June 30, 2012	$	56,726	$	3,785	$	(126)		$	60,385	$	1,132	$	(620)	$	60,897
Three Months Ended June 30, 2011:
Operating revenues	$	4,291	$	305	$	(93)		$	4,503	$	38	$	(20)	$	4,521
Segment net income (loss)(a)		559		44		—			603		1		—		604
Six Months Ended June 30, 2011:
Operating revenues	$	8,101	$	587	$	(191)		$	8,497	$	76	$	(40)	$	8,533
Segment net income (loss)(a)		943		82		—			1,025		2		(1)		1,026
Total assets at December 31, 2011	$	54,622	$	3,581	$	(127	)	$	58,076	$	1,592	$	(401)	$	59,267

(a) After dividends on preferred and preference stock of subsidiaries

Products and Services

	Electric Utilities’ Revenues
Period	Retail		Wholesale		Other		Total
	(in millions)
Three Months Ended June 30, 2012	$	3,597	$	415	$	154	$	4,166
Three Months Ended June 30, 2011		3,842		507		154		4,503
Six Months Ended June 30, 2012	$	6,689	$	764	$	302	$	7,755
Six Months Ended June 30, 2011		7,238		956		303		8,497