Exhibit 99.07

Southern Company

Financial Overview

(In Millions of Dollars)

Three Months Ended December

Year-to-Date December

2008

2007

% Change

2008

2007

% Change

Consolidated –

Operating Revenues

$

3,802

$

3,340

13.8%

$

17,127

$

15,353

11.6%

Earnings Before Income Taxes

263

233

13.2%

2,657

2,569

3.4%

Net Income

186

204

-9.0%

1,742

1,734

0.4%

Alabama Power –

Operating Revenues

$

1,405

$

1,192

17.9%

$

6,077

$

5,360

13.4%

Earnings Before Income Taxes

136

114

19.0%

1,023

967

5.8%

Net Income Available to Common

81

71

13.9%

616

580

6.3%

Georgia Power –

Operating Revenues

$

1,791

$

1,627

10.1%

$

8,412

$

7,572

11.1%

Earnings Before Income Taxes

116

137

-15.9%

1,408

1,260

11.8%

Net Income Available to Common

77

117

-34.0%

903

836

8.0%

Gulf Power –

Operating Revenues

$

304

$

289

5.3%

$

1,387

$

1,260

10.1%

Earnings Before Income Taxes

22

14

53.8%

159

135

17.4%

Net Income Available to Common

14

10

47.5%

98

84

16.9%

Mississippi Power –

Operating Revenues

$

292

$

251

16.4%

$

1,257

$

1,114

12.8%

Earnings Before Income Taxes

16

7

125.0%

136

138

-1.1%

Net Income Available to Common

10

4

161.0%

86

84

2.3%

Southern Power –

Operating Revenues

$

266

$

188

41.4%

$

1,314

$

972

35.1%

Earnings Before Income Taxes

34

11

227.5%

237

215

10.3%

Net Income Available to Common

20

8

145.5%

144

132

9.7%

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 may be different from final results published in the Form 10-K.