ALABAMA POWER CO - FORM 8-K - 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.

ALABAMA POWER CO - FORM 8-K - EX-99.07 - April 25, 2012