FINANCING

Bank Credit Arrangements

Bank credit arrangements provide liquidity support to the registrants' commercial paper borrowings and the traditional operating companies' variable rate pollution control revenue bonds. See Note 6 to the financial statements of each registrant under "Bank Credit Arrangements" in Item 8 of the Form 10-K for additional information.

The following table outlines the credit arrangements by company as of September 30, 2012, including expiration dates:



	Expires										Executable Term Loans				Due Within One Year^(a)
Company	2012		2013		2014 and Beyond^(b)		Total		Unused		One Year		Two Years		Term Out		No Term Out
	(in millions)						(in millions)				(in millions)				(in millions)
Southern Company	$	—	$	—	$	1,000	$	1,000	$	1,000	$	—	$	—	$	—	$	—
Alabama Power	—		157		1,150		1,307		1,307		55		—		55		102
Georgia Power	—		—		1,750		1,750		1,740		—		—		—		—
Gulf Power	20		60		195		275		275		45		—		45		35
Mississippi Power	16		120		165		301		301		25		41		66		70
Southern Power	—		—		500		500		500		—		—		—		—
Other	—		50		—		50		50		25		—		25		25
Total	$	36	$	387	$	4,760	$	5,183	$	5,173	$	150	$	41	$	191	$	232


(a)	Reflects facilities expiring on or before September 30, 2013.


(b)	All remaining Gulf Power and Mississippi Power credit agreements in this column expire in 2014.