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 29, 2015

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 Boulevard 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 registrants 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 29, 2015, The Southern Company (“Southern Company”) issued a press release regarding its earnings for the three months ended March 31, 2015. 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, 2015 is being furnished as Exhibits 99.02 through 99.07 to this Current Report on Form 8-K.

Use of Non-GAAP Financial Measures

Exhibits 99.01, 99.02, 99.03 and 99.04 to this Current Report on Form 8-K, in addition to including earnings and earnings per share in accordance with generally accepted accounting principles (“GAAP”) for the three-month periods ended March 31, 2015 and 2014, also include earnings and earnings per share for such periods excluding charges for estimated probable losses relating to Mississippi Power Company’s construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (the “Kemper IGCC”).  The Kemper IGCC charge significantly impacted the presentation of earnings and earnings per share for the three-month period ended March 31, 2014, and any similar charges are items that may occur with uncertain frequency in the future.  Southern Company believes the presentation of earnings and earnings per share, excluding these charges, is useful to investors because it provides investors with additional information to evaluate the performance of Southern Company’s ongoing business activities.  Southern Company management also uses earnings and earnings per share, excluding the effect of these charges, to evaluate the performance of Southern Company’s ongoing business activities.  The presentation of this additional information is not meant to be considered a substitute for financial measures prepared in accordance with GAAP.

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, 2015:

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 29, 2015	THE SOUTHERN COMPANY
	By	/s/Ann P. Daiss
		Ann P. Daiss 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
	www.southerncompany.com
Investor Relations Contact:
	Dan Tucker
	404-506-5310
	dstucker@southernco.com
		April 29, 2015

Southern Company reports first-quarter earnings

ATLANTA - Southern Company today reported first-quarter 2015 earnings of $508 million, or 56 cents a share, compared with earnings of $351 million, or 39 cents a share, in the first quarter of 2014.

The first-quarter results for 2015 include a $6 million after-tax charge related to an increased construction estimate for Mississippi Power's Kemper integrated gasification combined cycle (IGCC) project. The first-quarter results for 2014 included a $235 million (27 cents per share) after-tax charge for the Kemper IGCC project. Excluding these items, Southern Company earned $514 million, or 56 cents per share, during the first quarter of 2015 compared to $586 million, or 66 cents per share, in the first quarter of 2014.

Earnings for the first quarter of 2015 were positively influenced by retail revenue effects at Southern Company’s traditional operating companies, offset by milder winter weather compared to 2014 and increased operating and maintenance expenses.

“We are encouraged by positive customer growth during the first quarter of 2015, along with strong industrial sales and an economic development pipeline that remains robust,” said Southern Company Chairman, President and CEO Thomas A. Fanning. “In the meantime, we remain focused on our core business strategy of providing clean, safe, reliable and affordable electricity to customers throughout the Southeast.”

First-quarter 2015 operating revenues were $4.18 billion, compared with $4.64 billion for the same period in 2014, a decrease of 9.9 percent quarter over quarter.

Kilowatt-hour sales to retail customers in Southern Company's four-state service area decreased 1.2 percent in the first quarter of 2015 compared with the first quarter of 2014. Due primarily to milder winter weather than in 2014, residential and commercial energy sales decreased 4.2 percent and 1.1 percent, respectively, while industrial energy sales increased 1.9 percent.

Total energy sales to Southern Company’s customers in the Southeast, including wholesale sales, decreased 3.3 percent in the first quarter of 2015 compared with the same period in 2014.

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/webcasts. A replay of the webcast 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 atwww.southerncompany.com.

With more than 4.5 million customers and approximately 46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable 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 energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by DiversityInc as a top company for Blacks and designated a 2014 Top Employer for Hispanics by Hispanic Network. The company received the Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Electric Light & Power magazine's Utility of the Year for 2012 and 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.

# # #

EX-99.02

Exhibit 99.02
Southern Company
Financial Highlights
(In Millions of Dollars Except Earnings Per Share)
	Three Months Ended March
	2015			2014
Consolidated Earnings–As Reported
(See Notes)
Traditional Operating Companies	$	477		$	318
Southern Power	33			33
Total	510			351
Parent Company and Other	(2		)	—
Net Income–As Reported	$	508		$	351
Basic Earnings Per Share	$	0.56		$	0.39
Average Shares Outstanding (in millions)	910			890
End of Period Shares Outstanding (in millions)	908			891
	Three Months Ended March
	2015			2014
Consolidated Earnings–Excluding Items
(See Notes)
Net Income–As Reported	$	508		$	351
Estimated Loss on Kemper IGCC	6			235
Net Income–Excluding Items	$	514		$	586
Basic Earnings Per Share–Excluding Items	$	0.56		$	0.66
Notes
- For the three months ended March 31, 2015 and 2014, dilution does not change basic earnings per share by more than 1 cent and is not material.
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended March 31, 2014 and any similar charges may occur with uncertain frequency.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, 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
	2015		2014		Change
Consolidated Earnings Per Share–
As Reported (See Notes)	$	0.56	$	0.39	$	0.17
Significant Factors:
Traditional Operating Companies					$	0.18
Increase in Shares					(0.01		)
Total–As Reported					$	0.17
	Three Months Ended March
	2015		2014		Change
Consolidated Earnings Per Share–
Excluding Items (See Notes)	$	0.56	$	0.66	$	(0.10	)
Total–As Reported					$	0.17
Estimated Loss on Kemper IGCC					(0.27		)
Total–Excluding Items					$	(0.10	)
Notes
- For the three months ended March 31, 2015 and 2014, dilution does not change basic earnings per share by more than 1 cent and is not material.
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended March 31, 2014 and any similar charges may occur with uncertain frequency.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, 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 2015 vs. March 2014
Cents	Description
1¢	Retail Sales
5	Retail Revenue Impacts
(3)	Weather
(3)	Wholesale Operations
(10)	Non-Fuel O&M
1	Depreciation and Amortization
1	Other Income and Deductions
(1)	Interest Expense
(9)¢	Total Traditional Operating Companies
(1)	Increase in Shares
(10)¢	Total Change in EPS (x-Items)
27	Estimated Loss on Kemper IGCC
17¢	Total Change in EPS (As Reported)
Notes
- The estimated probable losses relating to Mississippi Power Company's construction of the integrated coal gasification combined cycle facility in Kemper County, Mississippi (Kemper IGCC) significantly impacted the presentation of earnings and earnings per share for the three months ended March 31, 2014 and any similar charges may occur with uncertain frequency.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.

EX-99.05

Exhibit 99.05
Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)
	Three Months Ended March
	2015			2014			Change
Income Account-
Retail Revenues-
Fuel	$	1,088		$	1,476		$	(388	)
Non-Fuel	2,454			2,382			72
Wholesale Revenues	467			604			(137		)
Other Electric Revenues	163			165			(2		)
Other Revenues	11			17			(6		)
Total Revenues	4,183			4,644			(461		)
Fuel and Purchased Power	1,356			1,834			(478		)
Non-Fuel O & M	1,122			986			136
Depreciation and Amortization	487			497			(10		)
Taxes Other Than Income Taxes	252			247			5
Estimated Loss on Kemper IGCC	9			380			(371		)
Total Operating Expenses	3,226			3,944			(718		)
Operating Income	957			700			257
Allowance for Equity Funds Used During Construction	63			57			6
Interest Expense, Net of Amounts Capitalized	213			206			7
Other Income (Expense), net	(8		)	(7		)	(1		)
Income Taxes	274			176			98
Net Income	525			368			157
Dividends on Preferred and Preference Stock of Subsidiaries	17			17			—
NET INCOME AFTER DIVIDENDS ON PREFERRED AND PREFERENCE STOCK	$	508		$	351		$	157
Notes
- Certain prior year data may have been reclassified to conform with current year presentation.
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, 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
As Reported	2015	2014	Change		Weather Adjusted Change*
Kilowatt-Hour Sales-
Total Sales	46,244	47,802	(3.3	)%
Total Retail Sales-	39,209	39,699	(1.2	)%	1.0	%
Residential	13,577	14,174	(4.2	)%	0.2	%
Commercial	12,415	12,548	(1.1	)%	0.7	%
Industrial	12,988	12,749	1.9	%	2.0	%
Other	229	228	0.6	%	0.8	%
Total Wholesale Sales	7,035	8,103	(13.2	)%	N/A
Note
*Also reflects adjustment of first quarter 2014 KWH sales consistent with Mississippi Power's updated methodology to estimate the unbilled revenue allocation among customer classes implemented in the first quarter 2015.

EX-99.07

Exhibit 99.07
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
	Three Months Ended March
	2015		2014			% Change
Consolidated –
Operating Revenues	$	4,183	$	4,644		(9.9	)%
Earnings Before Income Taxes	799		544			46.9	%
Net Income Available to Common	508		351			44.7	%
Alabama Power –
Operating Revenues	$	1,401	$	1,508		(7.1	)%
Earnings Before Income Taxes	292		324			(9.9	)%
Net Income Available to Common	169		187			(9.6	)%
Georgia Power –
Operating Revenues	$	1,978	$	2,269		(12.8	)%
Earnings Before Income Taxes	380		436			(12.8	)%
Net Income Available to Common	236		266			(11.3	)%
Gulf Power –
Operating Revenues	$	357	$	407		(12.3	)%
Earnings Before Income Taxes	62		62			—	%
Net Income Available to Common	37		37			—	%
Mississippi Power –
Operating Revenues	$	276	$	331		(16.6	)%
Earnings (Loss) Before Income Taxes	39		(302		)	N/M
Net Income (Loss) Available to Common	35		(172		)	N/M
Southern Power –
Operating Revenues	$	348	$	351		(0.9	)%
Earnings Before Income Taxes	45		37			21.6	%
Net Income Available to Common	33		33			—	%
N/M - not meaningful
Note
- All figures in this earnings release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. In addition, certain classifications and rounding may be different from final results published in the Form 10-Q.