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<div> <a name="_AUC78103f182a724f60a09a1a8810d16562">(B) CONTINGENCIES AND REGULATORY MATTERS</a>   See Note 3 to the financial statements of the registrants in Item 8 of the Form 10-K for information relating to various lawsuits, other contingencies, and regulatory matters.   General Litigation Matters   Each registrant is subject to certain claims and legal actions arising in the ordinary course of business.  In addition, each registrant’s business activities are subject to extensive governmental regulation related to public health and the environment.  Litigation over environmental issues and claims of various types, including property damage, personal injury, common law nuisance, and citizen enforcement of environmental requirements such as opacity and air and water quality standards, has increased generally throughout the United States.  In particular, personal injury claims for damages caused by alleged exposure to hazardous materials have become more frequent.  The ultimate outcome of such pending or potential litigation against the registrants and any of their subsidiaries cannot be predicted at this time; however, for current proceedings not specifically reported herein or in Note 3 to the financial statements of each registrant in Item 8 of the Form 10-K, management does not anticipate that the liabilities, if any, arising from such <a name="OLE_LINK65" id="OLE_LINK65">current</a> proceedings would have a material adverse effect on such registrant’s financial statements.   Mirant Matters   Mirant was an energy company with businesses that included independent power projects and energy trading and risk management companies in the United States and selected other countries.  It was a wholly-owned subsidiary of Southern Company until its initial public offering in October 2000.  In April 2001, Southern Company completed a spin-off to its shareholders of its remaining ownership, and Mirant became an independent corporate entity.   Mirant Bankruptcy   In July 2003, Mirant and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.  The Bankruptcy Court entered an order confirming Mirant’s plan of reorganization in December 2005, and Mirant announced that this plan became effective in January 2006.  As part of the plan, Mirant transferred substantially all of its assets and its restructured debt to a new corporation that adopted the name Mirant Corporation (Reorganized Mirant).   Southern Company has certain contingent liabilities associated with guarantees of contractual commitments made by Mirant’s subsidiaries discussed under “Guarantees” in Note 7 to the financial statements of Southern Company in Item 8 of the Form 10-K and with various lawsuits related to Mirant discussed below.  Also, Southern Company has joint and several liability with Mirant regarding the joint consolidated federal income tax returns through 2001, as discussed in Note 5 to the financial statements of Southern Company in Item 8 of the Form 10-K.  In December 2004, as a result of concluding an IRS audit for the tax years 2000 and 2001, Southern Company paid approximately $39 million in additional tax and interest related to Mirant tax items and filed a claim in Mirant’s bankruptcy case for that amount.  To date, Southern Company has received from the IRS approximately $38 million in refunds related to Mirant.  Southern Company believes it has a right to recoup the $39 million tax payment owed by Mirant from such tax refunds.  As a result, Southern Company intends to retain the tax refunds and reduce its claim against Mirant for the payment of Mirant taxes by the amount of such refunds.  MC Asset Recovery, LLC, a special purpose subsidiary of Reorganized Mirant (MC Asset Recovery), has objected to and sought to equitably subordinate the Southern Company tax claim in its fraudulent transfer litigation against Southern Company.  Southern Company’s proofs of claim filed in the Mirant bankruptcy survive the settlement of the MC Asset Recovery litigation.  Southern Company has reserved the remaining amount with respect to its Mirant tax claim.   Under the terms of the separation agreements entered into in connection with the spin-off, Mirant agreed to indemnify Southern Company for costs associated with these guarantees, lawsuits, and additional IRS assessments.  As a result of Mirant’s bankruptcy, Southern Company sought reimbursement as an unsecured creditor in Mirant’s Chapter 11 proceeding. As part of a complaint filed against Southern Company in June 2005 and amended thereafter, Mirant and The Official Committee of Unsecured Creditors of Mirant Corporation (Unsecured Creditors’ Committee) objected to and sought equitable subordination of Southern Company’s claims, and Mirant moved to reject the separation agreements entered into in connection with the spin-off.  MC Asset Recovery has been substituted as plaintiff in the complaint.  If Southern Company’s claims for indemnification with respect to these, or any additional future payments, are allowed, then Mirant’s indemnity obligations to Southern Company would constitute unsecured claims against Mirant entitled to stock in Reorganized Mirant.  The final outcome of this matter cannot now be determined.   MC Asset Recovery Litigation   In June 2005, Mirant, as a debtor in possession, and the Unsecured Creditors’ Committee filed a complaint against Southern Company in the U.S. Bankruptcy Court for the Northern District of Texas, which was amended in July 2005, February 2006, May 2006, and March 2007.    <a name="_DV_C25">In December 2005, the Bankruptcy Court entered an order authorizing the transfer of this proceeding, along with certain other actions, to MC Asset Recovery.  Under that order, Reorganized Mirant was obligated to fund up to $20 million in professional fees in connection with the lawsuits, as well as certain additional amounts.  Any net recoveries from these lawsuits would be distributed to, and shared equally by, certain unsecured creditors and the original equity holders.  In January 2006, the U.S. District Court for the Northern District of Texas substituted MC Asset Recovery as plaintiff.</a>    The complaint, as amended in March 2007, alleged that Southern Company caused Mirant to engage in certain fraudulent transfers and to pay illegal dividends to Southern Company prior to the spin-off.  The alleged fraudulent transfers and illegal dividends included without limitation: (1) certain dividends from Mirant to Southern Company in the aggregate amount of $668 million, (2) the repayment of certain intercompany loans and accrued interest in an aggregate amount of $1.035 billion, and (3) the dividend distribution of one share of Series B Preferred Stock and its subsequent redemption in exchange for Mirant’s 80% interest in a holding company that owned SE Finance Capital Corporation and Southern Company Capital Funding, Inc., which transfer plaintiff asserted was valued at over $200 million.  The complaint also sought to recharacterize certain advances from Southern Company to Mirant for investments in energy facilities from debt to equity.  The complaint further alleged that Southern Company was liable to Mirant’s creditors for the full amount of Mirant’s liability under an alter ego theory of recovery and that Southern Company breached its fiduciary duties to Mirant and its creditors, caused Mirant to breach its fiduciary duties to creditors, and aided and abetted breaches of fiduciary duties by Mirant’s directors and officers.  The complaint also sought recoveries under the theories of restitution and unjust enrichment.  In addition, the complaint alleged a claim under the Federal Debt Collection Procedure Act (FDCPA) to avoid certain transfers from Mirant to Southern Company; however, in July 2008, the court ruled that the FDCPA does not apply and that Georgia law should apply instead.  The complaint sought monetary damages in excess of $2 billion plus interest, punitive damages, attorneys’ fees, and costs. Finally, the complaint included an objection to Southern Company’s pending claims against Mirant in the Bankruptcy Court (which relate to reimbursement under the separation agreements of payments such as income taxes, interest, legal fees, and other guarantees described in Note 7 to the financial statements of Southern Company in Item 8 of the Form 10-K) and sought equitable subordination of Southern Company’s claims to the claims of all other creditors.  Southern Company served an answer to the complaint in April 2007.   In January 2006, the U.S. District Court for the Northern District of Texas granted Southern Company’s motion to withdraw this action from the Bankruptcy Court and, in February 2006, granted Southern Company’s motion to transfer the case to the U.S. District Court for the Northern District of Georgia.  In May 2006, Southern Company filed a motion for summary judgment seeking entry of judgment against the plaintiff as to all counts of the complaint.  In December 2006, the U.S. District Court for the Northern District of Georgia granted in part and denied in part the motion.  As a result, certain breach of fiduciary duty claims alleged in earlier versions of the complaint were barred; all other claims in the complaint were allowed to proceed.  In August 2008, Southern Company filed a second motion for summary judgment.  MC Asset Recovery filed its response to Southern Company’s motion for summary judgment in October 2008.  On February 5, 2009, the court denied the summary judgment motion in connection with the fraudulent conveyance and illegal dividend claims concerning certain advance return/loan repayments in 1999, dividends in 1999 and 2000, and transfers in connection with Mirant’s separation from Southern Company.  The court granted Southern Company’s motion for summary judgment with respect to certain claims, including claims for unjust enrichment, claims that Southern Company aided and abetted Mirant’s directors’ breach of fiduciary duties to Mirant, and claims that Southern Company used Mirant as an alter ego.  In addition, the court granted Southern Company’s motion in connection with the fraudulent transfer and illegal dividend claims concerning certain turbine termination payments.    On March 31, 2009, Southern Company entered into a settlement agreement with MC Asset Recovery to resolve the action.  The settlement includes an agreement by Southern Company to pay MC Asset Recovery $202 million and requires MC Asset Recovery to release Southern Company and certain other designated avoidance actions assigned to MC Asset Recovery in connection with Mirant’s plan of reorganization, as well as to release all actions against current or former officers and directors of Mirant and Southern Company that have or could have been filed.  Pursuant to the settlement, Southern Company recorded a charge in the first quarter 2009 of $202 million, which was paid in the second quarter 2009.  The settlement has been completed and resolves all claims by MC Asset Recovery against Southern Company.  On June 29, 2009, the case was dismissed with prejudice.   Southern Company’s claims in the Mirant bankruptcy remain pending.  Southern Company is currently evaluating potential recovery of the settlement payment through various means.  The degree to which any recovery is realized will determine, in part, the final income tax treatment of the settlement payment.  The ultimate outcome of any such recovery and/or income tax treatment cannot be determined at this time.   Environmental Matters   New Source Review Actions   In November 1999, the EPA brought a civil action in the U.S. District Court for the Northern District of Georgia against certain Southern Company subsidiaries, including Alabama Power and Georgia Power, alleging that these subsidiaries had violated the NSR provisions of the Clean Air Act and related state laws at certain coal-fired generating facilities.  Through subsequent amendments and other legal procedures, the EPA filed a separate action in January 2001 against Alabama Power in the U.S. District Court for the Northern District of Alabama after Alabama Power was dismissed from the original action.  In these lawsuits, the EPA alleged that NSR violations occurred at eight coal-fired generating facilities operated by Alabama Power and Georgia Power, including one facility co-owned by Mississippi Power.  The civil actions request penalties and injunctive relief, including an order requiring the installation of the best available control technology at the affected units.  The EPA concurrently issued notices of violation to Gulf Power and Mississippi Power relating to Gulf Power’s Plant Crist and Mississippi Power’s Plant Watson.  In early 2000, the EPA filed a motion to amend its complaint to add Gulf Power and Mississippi Power as defendants based on the allegations in the notices of violation.  However, in March 2001, the Court denied the motion based on lack of jurisdiction, and the EPA has not refiled.  The action against Georgia Power has been administratively closed since the spring of 2001, and the case has not been reopened.   In June 2006, the U.S. District Court for the Northern District of Alabama entered a consent decree between Alabama Power and the EPA, resolving a portion of the Alabama Power lawsuit relating to the alleged NSR violations at Plant Miller.  The consent decree required Alabama Power to pay $100,000 to resolve the government’s claim for a civil penalty and to donate $4.9 million of sulfur dioxide emission allowances to a nonprofit charitable organization.  It also formalized specific emissions reductions to be accomplished by Alabama Power, consistent with other Clean Air Act programs that require emissions reductions.  In August 2006, the district court in Alabama granted Alabama Power’s motion for summary judgment and entered final judgment in favor of Alabama Power on the EPA’s claims related to all of the remaining plants:  Plants Barry, Gaston, Gorgas, and Greene County.    The plaintiffs appealed the district court’s decision to the U.S. Court of Appeals for the Eleventh Circuit, where the appeal was stayed, pending the U.S. Supreme Court’s decision in a similar case against Duke Energy.  The Supreme Court issued its decision in the Duke Energy case in April 2007, and in December 2007, the Eleventh Circuit vacated the district court’s decision in the Alabama Power case and remanded the case back to the district court for consideration of the legal issues in light of the Supreme Court’s decision in the Duke Energy case.  In July 2008, the U.S. District Court for the Northern District of Alabama granted partial summary judgment in favor of Alabama Power regarding the proper legal test for determining whether projects are routine maintenance, repair, and replacement and therefore are excluded from NSR permitting.  The decision did not resolve the case, and the ultimate outcome of these matters cannot be determined at this time.   Southern Company and the traditional operating companies believe they have complied with applicable laws and the EPA regulations and interpretations in effect at the time the work in question took place.  The Clean Air Act authorizes maximum civil penalties of $25,000 to $37,500 per day, per violation at each generating unit, depending on the date of the alleged violation.  An adverse outcome in these matters could require substantial capital expenditures or affect the timing of currently budgeted capital expenditures that cannot be determined at this time and could possibly require payment of substantial penalties.  Such expenditures could affect future results of operations, cash flows, and financial condition if such costs are not recovered through regulated rates.   Carbon Dioxide Litigation   New YorkCase   In July 2004, three environmental groups and attorneys general from eight states, each outside of Southern Company’s service territory, and the corporation counsel for New York City filed complaints in the U.S. District Court for the Southern District of New York against Southern Company and four other electric power companies.  The complaints allege that the companies’ emissions of carbon dioxide, a greenhouse gas, contribute to global warming, which the plaintiffs assert is a public nuisance.  Under common law public and private nuisance theories, the plaintiffs seek a judicial order (1) holding each defendant jointly and severally liable for creating, contributing to, and/or maintaining global warming and (2) requiring each of the defendants to cap its emissions of carbon dioxide and then reduce those emissions by a specified percentage each year for at least a decade.  The plaintiffs have not, however, requested that damages be awarded in connection with their claims.  Southern Company believes these claims are without merit and notes that the complaint cites no statutory or regulatory basis for the claims.  In September 2005, the U.S. District Court for the Southern District of New York granted Southern Company’s and the other defendants’ motions to dismiss these cases.  The plaintiffs filed an appeal to the U.S. Court of Appeals for the Second Circuit in October 2005, but no decision has been issued.  The ultimate outcome of these matters cannot be determined at this time.   Kivalina Case   In February 2008, the Native Village of Kivalina and the City of Kivalina filed a suit in the U.S. District Court for the Northern District of California against several electric utilities (including Southern Company), several oil companies, and a coal company.  The plaintiffs are the governing bodies of an Inupiat village in Alaska.  The plaintiffs contend that the village is being destroyed by erosion allegedly caused by global warming that the plaintiffs attribute to emissions of greenhouse gases by the defendants.  The plaintiffs assert claims for public and private nuisance and contend that the defendants have acted in concert and are therefore jointly and severally liable for the plaintiffs’ damages.  The suit seeks damages for lost property values and for the cost of relocating the village, which is alleged to be $95 million to $400 million.  In June 2008, all defendants filed motions to dismiss this case.  Southern Company believes that these claims are without merit and notes that the complaint cites no statutory or regulatory basis for the claims.  The ultimate outcome of this matter cannot be determined at this time.   Environmental Remediation   The registrants must comply with environmental laws and regulations that cover the handling and disposal of waste and releases of hazardous substances.  Under these various laws and regulations, the subsidiaries may also incur substantial costs to clean up properties.  The traditional operating companies have each received authority from their respective state PSCs to recover approved environmental compliance costs through regulatory mechanisms.  Within limits approved by the state PSCs, these rates are adjusted annually or as necessary.   Georgia Power’s environmental remediation liability at June 30, 2009 was $11.1 million.  Georgia Power has been designated or identified as a potentially responsible party (PRP) at sites governed by the Georgia Hazardous Site Response Act and/or by the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), including a large site in Brunswick, Georgia on the CERCLA National Priorities List (NPL).  The parties have completed the removal of wastes from the Brunswick site as ordered by the EPA.  Additional claims for recovery of natural resource damages at this site or for the assessment and potential cleanup of other sites on the Georgia Hazardous Sites Inventory and CERCLA NPL are anticipated.   By letter dated September 30, 2008, the EPA advised Georgia Power that it has been designated as a PRP at the Ward Transformer Superfund site located in Raleigh, North Carolina.  Numerous other entities have also received notices from the EPA.  Georgia Power, along with other named PRPs, is negotiating with the EPA to address cleanup of the site and reimbursement for past expenditures related to work performed at the site.  In addition, on April 30, 2009, two PRPs filed separate actions in the U.S. District Court for the Eastern District of North Carolina against numerous other PRPs, including Georgia Power, seeking contribution from the defendants for expenses incurred by the plaintiffs related to work performed at a portion of the site.  The ultimate outcome of these matters will depend upon further environmental assessment and the ultimate number of PRPs and cannot be determined at this time; however, it is not expected to have a material impact on Georgia Power’s financial statements.    Gulf Power’s environmental remediation liability includes estimated costs of environmental remediation projects of approximately $67.2 million at June 30, 2009.  These estimated costs relate to site closure criteria by the Florida Department of Environmental Protection (FDEP) for potential impacts to soil and groundwater from herbicide applications at Gulf Power substations.  The schedule for completion of the remediation projects will be subject to FDEP approval.  The projects have been approved by the Florida PSC for recovery through Gulf Power’s environmental cost recovery clause; therefore, there was no impact on net income as a result of these estimates.   In 2003, the Texas Commission on Environmental Quality (TCEQ) designated Mississippi Power as a potentially responsible party at a site in Texas.  The site was owned by an electric transformer company that handled Mississippi Power’s transformers as well as those of many other entities.  The site owner is now in bankruptcy and the State of Texas has entered into an agreement with Mississippi Power and several other utilities to investigate and remediate the site.  Amounts expensed related to this work have not been material.  Hundreds of entities have received notices from the TCEQ requesting their participation in the anticipated site remediation.  The final impact of this matter on Mississippi Power will depend upon further environmental assessment and the ultimate number of potentially responsible parties.  The remediation expenses incurred by Mississippi Power are expected to be recovered through the ECO Plan.  See Note 3 to the financial statements of Mississippi Power under “Retail Regulatory Matters – Environmental Compliance Overview Plan.”   The final outcome of these matters cannot now be determined.  However, based on the currently known conditions at these sites and the nature and extent of activities relating to these sites, Southern Company, Georgia Power, Gulf Power, and Mississippi Power do not believe that additional liabilities, if any, at these sites would be material to their respective financial statements.   <a name="OLE_LINK1" id="OLE_LINK1">FERC Matters</a>   Market-Based Rate Authority   Each of the traditional operating companies and Southern Power has authorization from the FERC to sell power to non-affiliates, including short-term opportunity sales, at market-based prices.  Specific FERC approval must be obtained with respect to a market-based contract with an affiliate.   In December 2004, the FERC initiated a proceeding to assess Southern Company’s generation dominance within its retail service territory.  The ability to charge market-based rates in other markets is not an issue in the proceeding.  Any new market-based rate sales by any subsidiary of Southern Company in Southern Company’s retail service territory entered into during a 15-month refund period that ended in May 2006 could be subject to refund to a cost-based rate level.   In November 2007, the presiding administrative law judge issued an initial decision regarding the methodology to be used in the generation dominance tests.  The proceedings are ongoing.  The ultimate outcome of this generation dominance proceeding cannot now be determined, but an adverse decision by the FERC in a final order could require the traditional operating companies and Southern Power to charge cost-based rates for certain wholesale sales in the Southern Company retail service territory, which may be lower than negotiated market-based rates and could also result in total refunds of up to $19.7 million, plus interest.  The potential refunds include $3.9 million for Alabama Power, $5.8 million for Georgia Power, $0.8 million for Gulf Power, $8.4 million for Mississippi Power, and $0.7 million for Southern Power, in each case plus interest.  Southern Company and its subsidiaries believe that there is no meritorious basis for an adverse decision in this proceeding and are vigorously defending themselves in this matter.    In June 2007, the FERC issued its final rule in Order No. 697 regarding market-based rate authority.  The FERC generally retained its current market-based rate standards.  Responding to a number of requests for rehearing, the FERC issued Order No. 697-A on April 21, 2008 and Order No. 697-B on December 12, 2008 and Order No. 697-C on June 16, 2009.  These orders largely affirmed and clarified the FERC’s prior revision and codification of the regulations governing market-based rates for public utilities.  In accordance with the orders, Southern Company submitted to the FERC an updated market power analysis in September 2008 related to its continued market-based rate authority.  <a name= "OLE_LINK12" id="OLE_LINK12"> </a> In October 2008, Southern Company filed with the FERC a revised market-based rate (MBR) tariff and a new cost-based rate (CBR) tariff.   The revised MBR tariff provides for a “must offer” energy auction whereby Southern Company offers all of its available energy for sale in a day-ahead auction and an hour-ahead auction with reserve prices not to exceed the CBR tariff price, after considering Southern Company’s native load requirements, reliability obligations, and sales commitments to third parties.  All sales under the energy auction would be at market clearing prices established under the auction rules.  The new CBR tariff provides for a cost-based price for wholesale sales of less than a year.  On March 5, 2009, the FERC accepted Southern Company’s CBR tariff for filing.  On March 25, 2009, the FERC accepted Southern Company’s compliance filing related to the MBR tariff and directed Southern Company to commence the energy auction within 30 days.  Southern Company commenced the energy auction on April 23, 2009.  The FERC has determined that implementation of the energy auction in accordance with the MBR tariff order adequately mitigates going forward any presumption of market power that Southern Company may have in the Southern Company retail service territory and adjacent market areas.   Intercompany Interchange Contract   Southern Company’s generation fleet in its retail service territory is operated under the IIC as approved by the FERC.  In May 2005, the FERC initiated a new proceeding to examine (1) the provisions of the IIC among the traditional operating companies, Southern Power, and SCS, as agent, under the terms of which the Power Pool is operated, (2) whether any parties to the IIC have violated the FERC’s standards of conduct applicable to utility companies that are transmission providers, and (3) whether Southern Company’s code of conduct defining Southern Power as a “system company” rather than a “marketing affiliate” is just and reasonable.  In connection with the formation of Southern Power, the FERC authorized Southern Power’s inclusion in the IIC in 2000.  The FERC also previously approved Southern Company’s code of conduct.   In October 2006, the FERC issued an order accepting a settlement resolving the proceeding subject to Southern Company’s agreement to accept certain modifications to the settlement’s terms and Southern Company notified the FERC that it accepted the modifications.  The modifications largely involve functional separation and information restrictions related to marketing activities conducted on behalf of Southern Power.  In November 2006, Southern Company filed with the FERC a compliance plan in connection with the order.  In April 2007, the FERC approved, with certain modifications, the plan submitted by Southern Company.  Implementation of the plan did not have a material impact on Southern Company’s or the traditional operating companies’ financial statements.  Southern Power’s annual cost of implementing the compliance plan is approximately $7.0 million.  In November 2007, Southern Company notified the FERC that the plan had been implemented.  In December 2008, the FERC division of audits issued for public comment its final audit report pertaining to compliance implementation and related matters.  No comments challenging the audit report’s findings were submitted.  A decision is now pending from the FERC.    Generation Interconnection Agreements   In November 2004, generator company subsidiaries of Tenaska, Inc. (Tenaska), as counterparties to three previously executed interconnection agreements with subsidiaries of Southern Company, filed complaints at the FERC requesting that the FERC modify the agreements and that those Southern Company subsidiaries refund a total of $19 million previously paid for interconnection facilities, of which $11 million would be refunded by Alabama Power and $8 million by Georgia Power.  No other similar complaints are pending with the FERC.     In January 2007, the FERC issued an order granting Tenaska’s requested relief. Although the FERC’s order required the modification of Tenaska’s interconnection agreements, under the provisions of the order, Southern Company determined that no refund was payable to Tenaska.  Southern Company requested rehearing asserting that the FERC retroactively applied a new principle to existing interconnection agreements.  Tenaska requested rehearing of FERC’s methodology for determining the amount of refunds.  The requested rehearings were denied, and Southern Company and Tenaska appealed the orders to the U.S. Circuit Court for the District of Columbia.  On July 7, 2009, the U.S. Circuit Court affirmed the FERC’s January 2007 order.  The ultimate outcome of these matters cannot now be determined.   Right of Way Litigation   Southern Company and certain of its subsidiaries, including Mississippi Power, have been named as defendants in numerous lawsuits brought by landowners since 2001.  The plaintiffs’ lawsuits claim that defendants may not use, or sublease to third parties, some or all of the fiber optic communications lines on the rights of way that cross the plaintiffs’ properties and that such actions exceed the easements or other property rights held by defendants.  The plaintiffs assert claims for, among other things, trespass and unjust enrichment and seek compensatory and punitive damages and injunctive relief.  Management of Southern Company and Mississippi Power believe that they have complied with applicable laws and that the plaintiffs’ claims are without merit.   To date, Mississippi Power has entered into agreements with plaintiffs in approximately 95% of the actions pending against Mississippi Power to clarify its easement rights in the State of Mississippi.  These agreements have been approved by the Circuit Courts of Harrison County and Jasper County, Mississippi (First Judicial Circuit), and dismissals of the related cases are in progress.  These agreements have not resulted in any material effects on Southern Company’s or Mississippi Power’s financial statements.   In addition, in late 2001, certain subsidiaries of Southern Company, including Mississippi Power, were named as defendants in a lawsuit brought in Troup County, Georgia, Superior Court by Interstate Fiber Network, a subsidiary of telecommunications company ITC DeltaCom, Inc. that uses rights of way.  This lawsuit alleges, among other things, that the defendants are contractually obligated to indemnify, defend, and hold harmless the telecommunications company from any liability that may be assessed against it in pending and future right of way litigation.  Southern Company and Mississippi Power believe that the plaintiff’s claims are without merit.  In the fall of 2004, the trial court stayed the case until resolution of the underlying landowner litigation discussed above.  In January 2005, the Georgia Court of Appeals dismissed the telecommunications company’s appeal of the trial court’s order for lack of jurisdiction.  An adverse outcome in this matter, combined with an adverse outcome against the telecommunications company in one or more of the right of way lawsuits, could result in substantial judgments; however, the final outcome of these matters cannot now be determined.   Nuclear Fuel Disposal Cost Litigation   See Note 3 to the financial statements of Southern Company, Alabama Power, and Georgia Power under “Nuclear Fuel Disposal Costs” in Item 8 of the Form 10-K for information regarding the litigation brought by Alabama Power and Georgia Power against the government for breach of contracts related to the disposal of spent nuclear fuel.  In July 2007, the U.S. Court of Federal Claims awarded Georgia Power a total of $30 million, based on its ownership interests, and awarded Alabama Power $17.3 million, representing all of the direct costs of the expansion of spent nuclear fuel storage facilities from 1998 through 2004.  In August 2007, the government filed a motion for reconsideration, which was denied in November 2007.  In January 2008, the government filed a notice of appeal. In February 2008, the government filed a motion to stay the appeal pending the court’s decisions in three other cases already on appeal. In April 2008, the court granted the government’s motion to stay the appeal pending the court’s decisions in three other similar cases already on appeal.  Those cases were decided in August 2008.  Based on the rulings in those cases, an appeal is expected.   In April 2008, a second claim against the government was filed for damages incurred after December 31, 2004 (the court-mandated cut-off in the original claim), due to the government’s alleged continuing breach of contract.  In October 2008, the court denied a similar request by the government to stay this proceeding.  The complaint does not contain any specific dollar amount for recovery of damages.  Damages will continue to accumulate until the issue is resolved or the storage is provided.  No amounts have been recognized in the financial statements as of June 30, 2009 for either claim.  The final outcome of these matters cannot be determined at this time; however, no material impact on net income is expected as any damage amounts collected from the government are expected to be returned to customers.   Income Tax Matters   Leveraged Leases   In 2002, the IRS began the examination of three sale-in-lease-out (SILO) transactions entered into by Southern Company.  As a result of this examination, the IRS challenged the deductions related to these transactions.  Southern Company disagreed with the IRS’s conclusion, went through all administrative appeals, paid approximately $168 million of the additional tax, and sued the IRS for the refund of such taxes.   During the second quarter 2008, decisions in favor of the IRS were reached in several court cases involving other taxpayers with similar leveraged lease investments.  Pursuant to the application of certain accounting standards related to leveraged leases, management is required to assess on a periodic basis the likely outcome of the uncertain tax positions related to the SILO transactions.  Based on these accounting standards and management’s review of the recent court decisions, Southern Company recorded an after-tax charge of approximately $67 million in the second quarter 2008.    In December 2008, Southern Company received from the Commissioner of the IRS an invitation to participate in a global settlement initiative related to the SILO transactions.  Southern Company accepted the settlement offer on January 8, 2009.  Pursuant to the settlement offer, Southern Company recorded an additional after-tax charge in the fourth quarter 2008 of $16 million.  Including the charge recorded in the second quarter 2008, total after-tax charges related to settling the SILO litigation amounted to $83 million in 2008.  Of the total, approximately $7 million represented interest and $76 million represented non-cash charges related to the reallocation of lease income and will be recognized in income over the remaining term of the affected leases.  All additional taxes due as a result of the settlement have now been paid.  A final closing agreement with the IRS was signed on June 19, 2009.  This agreement ends the dispute with the IRS.  Subsequent to the settlement and before the end of the second quarter 2009, Southern Company terminated one of the SILOs and one other international leveraged lease.  Of the $76 million non-cash charges related to the IRS settlement, approximately $30 million related to the SILO which was terminated on June 29, 2009.   Georgia State Income Tax Credits   Georgia Power’s 2005 through 2008 income tax filings for the State of Georgia include state income tax credits for increased activity through Georgia ports.  Georgia Power has also filed similar claims for the years 2002 through 2004.  The Georgia Department of Revenue has not responded to these claims.  In July 2007, Georgia Power filed a complaint in the Superior Court of Fulton County to recover the credits claimed for the years 2002 through 2004.  An unrecognized tax benefit has been recorded related to these credits.  If Georgia Power prevails, these claims could have a significant, and possibly material, positive effect on Southern Company’s and Georgia Power’s net income.  If Georgia Power is not successful, payment of the related state tax could have a significant, and possibly material, negative effect on Southern Company’s and Georgia Power’s cash flow.  The ultimate outcome of this matter cannot now be determined.   Retail Rate Matters   Under the 2007 Retail Rate Plan, Georgia Power’s earnings are evaluated against a retail return on equity (ROE) range of 10.25% to 12.25%.  In connection with the 2007 Retail Rate Plan, the Georgia PSC ordered that Georgia Power file its next general base rate case by July 1, 2010; however, the 2007 Retail Rate Plan provides that Georgia Power may file for a general base rate increase in the event its projected retail ROE falls below 10.25%.    The economic recession has significantly reduced Georgia Power’s revenues upon which retail rates were set under the Retail Rate Plan.  Despite stringent efforts to reduce expenses, current projections indicate Georgia Power’s retail ROE will be less than 10.25% in both 2009 and 2010.  However, in lieu of filing to increase customer rates as allowed under the 2007 Retail Rate Plan, on June 29, 2009, Georgia Power filed a request with the Georgia PSC for an accounting order that would allow Georgia Power to amortize approximately $324 million of its regulatory liability related to other cost of removal obligations.  Under Georgia Power’s proposal, the regulatory liability would be amortized ratably over the 18-month period from July 1, 2009 through December 31, 2010 as a reduction to operating expenses.  Even if the Georgia PSC approves the accounting order request as filed, Georgia Power currently expects its retail ROE will remain below the 10.25% low end of its allowed retail ROE range in 2009 and 2010.  The accounting order request is subject to the review and approval of the Georgia PSC.  The ultimate outcome of this matter cannot be determined at this time.   Construction Projects   Integrated Coal Gasification Combined Cycle   On January 16, 2009, Mississippi Power filed for a Certificate of Public Convenience and Necessity with the Mississippi PSC to allow construction of a new electric generating plant located in Kemper County, Mississippi.  The plant would utilize an advanced integrated coal gasification combined cycle technology with an output capacity of 582 MWs.  The Kemper IGCC will use locally mined lignite (an abundant, lower heating value coal) from a proposed mine adjacent to the plant as fuel.  This certificate, if approved by the Mississippi PSC, would authorize Mississippi Power to acquire, construct and operate the Kemper IGCC and related facilities.  The Kemper IGCC, subject to federal and state reviews and certain regulatory approvals, is expected to begin commercial operation in May 2014.  As part of its filing, Mississippi Power has requested certain rate recovery treatment in accordance with the base load construction legislation.   Mississippi Power filed an application in June 2006 with the DOE for certain tax credits available to projects using clean coal technologies under the Energy Policy Act of 2005.  The DOE subsequently certified the Kemper IGCC, and in November 2006 the IRS allocated Internal Revenue Code Section 48A tax credits of $133 million to Mississippi Power.  On May 11, 2009, Mississippi Power received notification from the IRS formally certifying these tax credits.  The utilization of these credits is dependent upon meeting the certification requirements for the Kemper IGCC, including an in-service date no later than May 2014.  Mississippi Power has secured all environmental reviews and permits necessary to commence construction of the Kemper IGCC and has entered into a binding contract for the steam turbine generator, completing two milestone requirements for the Section 48A credits.   On February 14, 2008, Mississippi Power also requested that the DOE transfer the remaining funds previously granted to a cancelled Southern Company project that would have been located in Orlando, Florida.  On December 12, 2008, an agreement was reached to assign the remaining funds to the Kemper IGCC.  The estimated construction cost of the Kemper IGCC is approximately $2.2 billion, which is net of $220 million related to funding to be received from the DOE related to project construction.  The remaining DOE funding of $50 million is projected to be used for demonstration over the first few years of operation.   On April 6, 2009, the Governor of the State of Mississippi signed into law a bill that will provide an ad valorem tax exemption for a portion of the assessed value of all property utilized in certain electric generating facilities with integrated gasification process facilities.  This tax exemption, which may not exceed 50% of the total value of the project, is for projects with a capital investment from private sources of $1 billion or more.  Mississippi Power expects the Kemper IGCC to be a qualifying project under the law and the gasification portion of the Kemper IGCC to be exempt from ad valorem taxation.   Beginning in December 2006, the Mississippi PSC has approved Mississippi Power’s requested accounting treatment to defer the costs associated with Mississippi Power’s generation resource planning, evaluation, and screening activities as a regulatory asset.  On December 22, 2008, Mississippi Power requested an amendment to its original order that would allow these costs to continue to be charged to and remain in a regulatory asset until January 1, 2010.  On April 6, 2009, Mississippi Power received an accounting order from the Mississippi PSC directing Mississippi Power to continue to charge all generation resource planning, evaluation, and screening costs to regulatory assets including those costs associated with activities to obtain a certificate of public convenience and necessity and costs necessary and prudent to preserve the availability, economic viability, and/or required schedule of the Kemper IGCC generation resource planning, evaluation, and screening activities until the Mississippi PSC makes findings and determination as to the recovery of Mississippi Power’s prudent expenditures.  The Mississippi PSC’s determination of prudence for Mississippi Power’s pre-construction costs is scheduled to occur by May 2010.  As of June 30, 2009, Mississippi Power had spent a total of $56.4 million associated with Mississippi Power’s generation resource planning, evaluation, and screening activities, including regulatory filing costs.  Costs incurred for the six months ended June 30, 2009 totaled $14.1 million as compared to $13.0 million for the six months ended June 30, 2008.  Of the total $56.4 million, $51.9 million was deferred in other regulatory assets, $3.7 million was related to land purchases capitalized, and $0.8 million was previously expensed.   Several motions were filed by intervenors, most of which were procedural in nature and sought to stay or delay the timely and orderly administration of the docket.  In addition to these procedural motions, a motion was filed by the Attorney General for the State of Mississippi which questioned whether the Mississippi PSC had authority to approve the gasification portion of the Kemper IGCC.  On June 5, 2009, all of these motions were denied by the Mississippi PSC.   On June 5, 2009, the Mississippi PSC issued an order initiating an evaluation of the Kemper IGCC and establishing a two-phase procedural schedule.  During Phase I, the Mississippi PSC will determine if a need exists for new generating resources.  Hearings for Phase I are scheduled for October 2009 with a decision in November 2009.  If it is determined a need exists in Phase I, the appropriate resource to fill the need as well as the cost recovery of that resource through application of the State of Mississippi’s Baseload Act of 2008 will be determined during Phase II.  Hearings regarding Phase II issues are scheduled for February 2010 with a decision by May 2010.    The ultimate outcome of these matters cannot now be determined.   Nuclear   In August 2006, Southern Nuclear, on behalf of Georgia Power, Oglethorpe Power Corporation (OPC), the Municipal Electric Authority of Georgia (MEAG Power), and the City of Dalton, Georgia, an incorporated municipality in the State of Georgia acting by and through its Board of Water, Light and Sinking Fund Commissioners (collectively, Owners), filed an application with the NRC for an early site permit relating to two additional nuclear units on the site of Plant Vogtle.  See Note 4 to the financial statements of Southern Company and Georgia Power in Item 8 of the Form 10-K for additional information on these co-owners.  On March 31, 2008, Southern Nuclear filed an application with the NRC for a combined construction and operating license (COL) for the new units.  If licensed by the NRC, Vogtle Units 3 and 4 are scheduled to be placed in service in 2016 and 2017, respectively.    On April 8, 2008, Georgia Power, acting for itself and as agent for the Owners, and a consortium consisting of Westinghouse Electric Company LLC and Stone & Webster, Inc. (collectively, Consortium) entered into an engineering, procurement, and construction agreement to design, engineer, procure, construct, and test two AP1000 nuclear units with electric generating capacity of approximately 1,100 MWs each and related facilities, structures, and improvements at Plant Vogtle (Vogtle 3 and 4 Agreement).   The Vogtle 3 and 4 Agreement is an arrangement whereby the Consortium supplies and constructs the entire facility with the exception of certain items provided by the Owners.  Under the terms of the Vogtle 3 and 4 Agreement, the Owners will pay a purchase price that will be subject to certain price escalation and adjustments, adjustments for change orders, and performance bonuses.  Each Owner is severally (and not jointly) liable for its proportionate share, based on its ownership interest, of all amounts owed to the Consortium under the Vogtle 3 and 4 Agreement.  Georgia Power’s proportionate share, based on its current ownership interest, is 45.7%.    On March 17, 2009, the Georgia PSC voted to certify construction of Plant Vogtle Units 3 and 4 at an in-service cost of $6.4 billion.  In addition, the Georgia PSC voted to approve inclusion of the related construction work in progress accounts in rate base and to recover financing costs during the construction period beginning in 2011, which is expected to reduce the in-service cost to approximately $4.5 billion.   On April 21, 2009, the Governor of the State of Georgia signed into law the Georgia Nuclear Energy Financing Act that will allow Georgia Power to recover financing costs for nuclear construction projects by including the related construction work in progress accounts in rate base during the construction period.  The cost recovery provisions will become effective January 1, 2011.   On June 15, 2009, an environmental group filed a petition in the Superior Court of Fulton County, Georgia seeking review of the Georgia PSC’s certification order and challenging the constitutionality of the Georgia Nuclear Energy Financing Act.  Georgia Power believes there is no meritorious basis for this petition and intends to vigorously defend against the requested actions.  The ultimate outcome of this matter cannot be determined at this time.   The Owners and the Consortium have agreed to certain liquidated damages upon the Consortium’s failure to comply with the schedule and performance guarantees. The Owners and the Consortium also have agreed to certain bonuses payable to the Consortium for early completion and unit performance. The Consortium’s liability to the Owners for schedule and performance liquidated damages and warranty claims is subject to a cap.   The obligations of Westinghouse Electric Company LLC and Stone & Webster, Inc. under the Vogtle 3 and 4 Agreement are guaranteed by Toshiba Corporation and The Shaw Group, Inc., respectively. In the event of certain credit rating downgrades of any Owner, such Owner will be required to provide a letter of credit or other credit enhancement.   In addition, the Owners may terminate the Vogtle 3 and 4 Agreement at any time for their convenience, provided that the Owners will be required to pay certain termination costs and, at certain stages of the work, cancellation fees to the Consortium. The Consortium may terminate the Vogtle 3 and 4 Agreement under certain circumstances, including delays in receipt of the COL or delivery of full notice to proceed, certain Owner suspension or delays of work, action by a governmental authority to permanently stop work, certain breaches of the Vogtle 3 and 4 Agreement by the Owners, Owner insolvency, and certain other events.     Southern Company is also exploring other possibilities relating to additional nuclear power projects, both on its own or in partnership with other utilities.  The final outcome of these matters cannot now be determined. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <a name="_AUCbd6ea8797751485e97d52e992e21c8a1">(E) FINANCING</a>   Bank Credit Arrangements   At June 30, 2009, unused credit arrangements with banks totaled $4.7 billion, of which $484 million expires during 2009, $965 million expires in 2010, $25 million expires in 2011, and $3.2 billion expires in 2012.  These credit arrangements provide liquidity support to the registrants’ commercial paper borrowings and the traditional operating companies’ variable rate pollution control revenue bonds.     The following table outlines the credit arrangements by company:   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="120" valign="top" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="60" valign="top" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="64" valign="top" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="106" colspan="2" valign="top" style= "width:79.3pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> Executable Term-Loans </td> <td width="200" colspan="4" valign="top" style= "width:150.15pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">   Expires </td> </tr> <tr style="mso-yfti-irow:1"> <td width="120" valign="bottom" style= "width:90.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">   Company </td> <td width="60" valign="bottom" style= "width:45.05pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">   Total </td> <td width="64" valign="bottom" style= "width:47.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">   Unused </td> <td width="57" valign="bottom" style= "width:42.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt"> One Year </td> <td width="49" valign="bottom" style= "width:36.8pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> Two Years </td> <td width="50" valign="bottom" style= "width:37.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">   2009 </td> <td width="43" valign="bottom" style= "width:32.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">   2010 </td> <td width="51" valign="bottom" style= "width:38.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">   2011 </td> <td width="56" valign="bottom" style= "width:41.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">   2012 </td> </tr> <tr style="mso-yfti-irow:2"> <td width="120" valign="top" style= "width:90.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="430" colspan="8" valign="top" style= "width:322.4pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:3"> <td width="120" valign="bottom" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt"> Southern Company </td> <td width="60" valign="bottom" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt"> $   950 </td> <td width="64" valign="bottom" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt"> $   950 </td> <td width="57" valign="bottom" style= "width:42.5pt;padding:0in 2.35pt 0in 2.35pt"> $    - </td> <td width="49" valign="bottom" style= "width:36.8pt;padding:0in 2.35pt 0in 2.35pt"> $  - </td> <td width="50" valign="bottom" style= "width:37.7pt;padding:0in 2.35pt 0in 2.35pt"> $    - </td> <td width="43" valign="bottom" style= "width:32.15pt;padding:0in 2.35pt 0in 2.35pt"> $    - </td> <td width="51" valign="bottom" style= "width:38.4pt;padding:0in 2.35pt 0in 2.35pt"> $  - </td> <td width="56" valign="bottom" style= "width:41.9pt;padding:0in 2.35pt 0in 2.35pt"> $   950 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="120" valign="bottom" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt"> Alabama Power </td> <td width="60" valign="bottom" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt"> 1,260 </td> <td width="64" valign="bottom" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt"> 1,260 </td> <td width="57" valign="bottom" style= "width:42.5pt;padding:0in 2.35pt 0in 2.35pt"> 361 </td> <td width="49" valign="bottom" style= "width:36.8pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="50" valign="bottom" style= "width:37.7pt;padding:0in 2.35pt 0in 2.35pt"> 325 </td> <td width="43" valign="bottom" style= "width:32.15pt;padding:0in 2.35pt 0in 2.35pt"> 145 </td> <td width="51" valign="bottom" style= "width:38.4pt;padding:0in 2.35pt 0in 2.35pt"> 25 </td> <td width="56" valign="bottom" style= "width:41.9pt;padding:0in 2.35pt 0in 2.35pt">      765 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="120" valign="bottom" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt"> Georgia Power </td> <td width="60" valign="bottom" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt"> 1,675 </td> <td width="64" valign="bottom" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt"> 1,663 </td> <td width="57" valign="bottom" style= "width:42.5pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="49" valign="bottom" style= "width:36.8pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="50" valign="bottom" style= "width:37.7pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="43" valign="bottom" style= "width:32.15pt;padding:0in 2.35pt 0in 2.35pt"> 555 </td> <td width="51" valign="bottom" style= "width:38.4pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="56" valign="bottom" style= "width:41.9pt;padding:0in 2.35pt 0in 2.35pt">    1,120 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="120" valign="bottom" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt"> Gulf Power </td> <td width="60" valign="bottom" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt"> 220 </td> <td width="64" valign="bottom" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt"> 220 </td> <td width="57" valign="bottom" style= "width:42.5pt;padding:0in 2.35pt 0in 2.35pt"> 70 </td> <td width="49" valign="bottom" style= "width:36.8pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="50" valign="bottom" style= "width:37.7pt;padding:0in 2.35pt 0in 2.35pt"> 90 </td> <td width="43" valign="bottom" style= "width:32.15pt;padding:0in 2.35pt 0in 2.35pt"> 130 </td> <td width="51" valign="bottom" style= "width:38.4pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="56" valign="bottom" style= "width:41.9pt;padding:0in 2.35pt 0in 2.35pt">          - </td> </tr> <tr style="mso-yfti-irow:7"> <td width="120" valign="bottom" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt"> Mississippi Power </td> <td width="60" valign="bottom" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt"> 149 </td> <td width="64" valign="bottom" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt"> 149 </td> <td width="57" valign="bottom" style= "width:42.5pt;padding:0in 2.35pt 0in 2.35pt"> 15 </td> <td width="49" valign="bottom" style= "width:36.8pt;padding:0in 2.35pt 0in 2.35pt"> 44 </td> <td width="50" valign="bottom" style= "width:37.7pt;padding:0in 2.35pt 0in 2.35pt"> 59 </td> <td width="43" valign="bottom" style= "width:32.15pt;padding:0in 2.35pt 0in 2.35pt"> 90 </td> <td width="51" valign="bottom" style= "width:38.4pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="56" valign="bottom" style= "width:41.9pt;padding:0in 2.35pt 0in 2.35pt">          - </td> </tr> <tr style="mso-yfti-irow:8"> <td width="120" valign="bottom" style= "width:90.2pt;padding:0in 2.35pt 0in 2.35pt"> Southern Power </td> <td width="60" valign="bottom" style= "width:45.05pt;padding:0in 2.35pt 0in 2.35pt"> 400 </td> <td width="64" valign="bottom" style= "width:47.9pt;padding:0in 2.35pt 0in 2.35pt"> 400 </td> <td width="57" valign="bottom" style= "width:42.5pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="49" valign="bottom" style= "width:36.8pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="50" valign="bottom" style= "width:37.7pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="43" valign="bottom" style= "width:32.15pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="51" valign="bottom" style= "width:38.4pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="56" valign="bottom" style= "width:41.9pt;padding:0in 2.35pt 0in 2.35pt">      400 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="120" valign="bottom" style= "width:90.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> Other </td> <td width="60" valign="bottom" style= "width:45.05pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> 55 </td> <td width="64" valign="bottom" style= "width:47.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> 55 </td> <td width="57" valign="bottom" style= "width:42.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> 55 </td> <td width="49" valign="bottom" style= "width:36.8pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="50" valign="bottom" style= "width:37.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> 10 </td> <td width="43" valign="bottom" style= "width:32.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> 45 </td> <td width="51" valign="bottom" style= "width:38.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="56" valign="bottom" style= "width:41.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt">          - </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td width="120" valign="bottom" style= "width:90.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt"> Total </td> <td width="60" valign="bottom" style= "width:45.05pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">   $4,709 </td> <td width="64" valign="bottom" style= "width:47.9pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt"> $4,697 </td> <td width="57" valign="bottom" style= "width:42.5pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">  $501 </td> <td width="49" valign="bottom" style= "width:36.8pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">  $44 </td> <td width="50" valign="bottom" style= "width:37.7pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">  $ 484 </td> <td width="43" valign="bottom" style= "width:32.15pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">  $965 </td> <td width="51" valign="bottom" style= "width:38.4pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt">      $25 </td> <td width="56" valign="bottom" style= "width:41.9pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 2.35pt 0in 2.35pt"> $3,235 </td> </tr> </table> </div>   Subsequent to June 30, 2009, Georgia Power entered into an additional committed credit agreement resulting in an increase of $40 million.  The agreement expires in 2010 and contains a two year term-loan option.   See Note 6 to the financial statements of Southern Company, Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Southern Power under “Bank Credit Arrangements” in Item 8 of the Form 10-K for additional information. <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <a name="_AUC9c4435a5d3464bf482bb19c159fb7ab2">Financial Instruments</a>   Southern Company, the traditional operating companies, and Southern Power are exposed to market risks, primarily commodity price risk and interest rate risk.  To manage the volatility attributable to these exposures, each company nets its exposures, where possible, to take advantage of natural offsets and enters into various derivative transactions for the remaining exposures pursuant to the companies’ policies in areas such as counterparty exposure and risk management practices.  The registrants’ policy is that derivatives are to be used primarily for hedging purposes and mandates strict adherence to all applicable risk management policies.  Derivative positions are monitored using techniques including, but not limited to, market valuation, value at risk, stress testing, and sensitivity analysis.  Derivative instruments are recognized at fair value in the statement of financial position as either assets or liabilities.   Energy-Related Derivatives   The traditional operating companies and Southern Power enter into energy-related derivatives to hedge exposures to electricity, gas, and other fuel price changes.  However, due to cost-based rate regulations, the traditional operating companies have limited exposure to market volatility in commodity fuel prices and prices of electricity.  Each of the traditional operating companies manages fuel-hedging programs, implemented per the guidelines of their respective state PSCs, through the use of financial derivative contracts.   Southern Power also has limited exposure to market volatility in commodity fuel prices and prices of electricity because its long-term sales contracts shift substantially all fuel cost responsibility to the purchaser.  However, Southern Power has been and may continue to be exposed to market volatility in energy-related commodity prices as a result of sales of uncontracted generating capacity.   To mitigate residual risks relative to movements in electricity prices, the registrants enter into physical fixed-price or heat rate contracts for the purchase and sale of electricity through the wholesale electricity market.  To mitigate residual risks relative to movements in gas prices, the registrants may enter into fixed-price contracts for natural gas purchases; however, a significant portion of contracts are priced at market.   Energy-related derivative contracts are accounted for in one of three methods: <![if !supportLists]>·         <![endif]>Regulatory Hedges – Energy-related derivative contracts which are designated as regulatory hedges relate primarily to the traditional operating companies’ fuel hedging programs, where gains and losses are initially recorded as regulatory liabilities and assets, respectively, and then are included in fuel expense as the underlying fuel is used in operations and ultimately recovered through the respective fuel cost recovery clauses.  <![if !supportLists]>·         <![endif]>Cash Flow Hedges – Gains and losses on energy-related derivatives designated as cash flow hedges, which are mainly used by Southern Power, to hedge anticipated purchases and sales are initially deferred in OCI before being recognized in income in the same period as the hedged transactions are reflected in earnings.  <![if !supportLists]>·         <![endif]>Not Designated – Gains and losses on energy-related derivative contracts that are not designated or fail to qualify as hedges are recognized in the statements of income as incurred.    Some energy-related derivative contracts require physical delivery as opposed to financial settlement, and this type of derivative is both common and prevalent within the electric industry.  When an energy-related derivative contract is settled physically, any cumulative unrealized gain or loss is reversed and the contract price is recognized in the respective line item representing the actual price of the underlying goods being delivered.      At June 30, 2009, the net volume of energy-related derivative contracts for power and natural gas positions for the registrants, together with the longest hedge date over which the respective entity is hedging its exposure to the variability in future cash flows for forecasted transactions and the longest date for derivatives not designated as hedges, were as follows:   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="163" valign="bottom" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="210" colspan="3" valign="bottom" style= "width:157.4pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Power </td> <td width="16" valign="top" style= "width:11.8pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="226" colspan="3" valign="bottom" style= "width:2.35in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Gas </td> </tr> <tr style="mso-yfti-irow:1"> <td width="163" valign="bottom" style= "width:1.7in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> As of June 30, 2009: </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Net Sold MWH </td> <td width="72" valign="bottom" style= "width:.75in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Longest Hedge Date </td> <td width="66" valign="bottom" style= "width:49.4pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Longest Non-Hedge Date </td> <td width="16" valign="top" style= "width:11.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Net Purchased mmBtu </td> <td width="72" valign="bottom" style= "width:.75in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Longest Hedge Date </td> <td width="67" valign="bottom" style= "width:.7in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Longest Non-Hedge Date </td> </tr> <tr style="mso-yfti-irow:2"> <td width="163" valign="top" style= "width:1.7in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="144" colspan="2" valign="top" style= "width:1.5in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in thousands) </td> <td width="66" valign="top" style= "width:49.4pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="16" valign="top" style= "width:11.8pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="158" colspan="2" valign="top" style= "width:1.65in;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> <td width="67" valign="top" style= "width:.7in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:3"> <td width="163" valign="bottom" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 1,442 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="66" valign="top" style= "width:49.4pt;padding:0in 5.4pt 0in 5.4pt"> 2010 </td> <td width="16" valign="top" style= "width:11.8pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;padding:0in 5.4pt 0in 5.4pt"> 173* </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2012 </td> <td width="67" valign="top" style= "width:.7in;padding:0in 5.4pt 0in 5.4pt"> 2010 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="163" valign="bottom" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> Alabama Power </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 6 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="66" valign="top" style= "width:49.4pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="16" valign="top" style= "width:11.8pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;padding:0in 5.4pt 0in 5.4pt"> 49 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2012 </td> <td width="67" valign="top" style= "width:.7in;padding:0in 5.4pt 0in 5.4pt"> - </td> </tr> <tr style="mso-yfti-irow:5"> <td width="163" valign="bottom" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 7 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="66" valign="top" style= "width:49.4pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="16" valign="top" style= "width:11.8pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;padding:0in 5.4pt 0in 5.4pt"> 75 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2012 </td> <td width="67" valign="top" style= "width:.7in;padding:0in 5.4pt 0in 5.4pt"> - </td> </tr> <tr style="mso-yfti-irow:6"> <td width="163" valign="bottom" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> Gulf Power </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="66" valign="top" style= "width:49.4pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="16" valign="top" style= "width:11.8pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;padding:0in 5.4pt 0in 5.4pt"> 15 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2012 </td> <td width="67" valign="top" style= "width:.7in;padding:0in 5.4pt 0in 5.4pt"> - </td> </tr> <tr style="mso-yfti-irow:7"> <td width="163" valign="bottom" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 286 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="66" valign="top" style= "width:49.4pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="16" valign="top" style= "width:11.8pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;padding:0in 5.4pt 0in 5.4pt"> 30 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt"> 2012 </td> <td width="67" valign="top" style= "width:.7in;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="163" valign="bottom" style= "width:1.7in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 1,142 </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="66" valign="top" style= "width:49.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2010 </td> <td width="16" valign="top" style= "width:11.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="86" valign="bottom" style= "width:.9in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 5* </td> <td width="72" valign="top" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="67" valign="top" style= "width:.7in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2010 </td> </tr> </table> </div>   * Includes location basis of 2 million mmBtu.   For cash flow hedges, the amounts expected to be reclassified from OCI to revenue and fuel expense for the next 12-month period ending June 30, 2010 are immaterial for all registrants.    Interest Rate Derivatives   Southern Company and certain subsidiaries also enter into interest rate derivatives, which include forward-starting interest rate swaps, to hedge exposure to changes in interest rates.  Derivatives related to existing variable rate securities or forecasted transactions are accounted for as cash flow hedges. The derivatives employed as hedging instruments are structured to minimize ineffectiveness.   For cash flow hedges, the fair value gains or losses are recorded in OCI and are reclassified into earnings at the same time the hedged transactions affect earnings.   At June 30, 2009, Southern Company had a total of $1.2 billion notional amount of interest rate derivatives outstanding with net fair value losses of $16 million as follows:   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "margin-left:5.4pt;border-collapse:collapse;mso-table-layout-alt:fixed; mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:38.25pt"> <td width="120" valign="bottom" style= "width:1.25in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:38.25pt">   Registrant </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:38.25pt"> Notional Amount </td> <td width="120" valign="bottom" style= "width:1.25in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:38.25pt"> Variable Rate Received </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:38.25pt"> Weighted Average Fixed Rate Paid </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:38.25pt"> Hedge Maturity Date </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:38.25pt"> Fair Value Gain (Loss) June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:1;height:12.75pt"> <td width="120" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (in millions) </td> <td width="120" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="108" valign="bottom" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="96" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:2;height:12.75pt"> <td width="612" nowrap="nowrap" colspan="6" valign= "bottom" style= "width:459.0pt;padding: 0in 5.4pt 0in 5.4pt;height:12.75pt"> Cash flow hedges of existing debt </td> </tr> <tr style="mso-yfti-irow:3;height:12.75pt"> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Alabama Power </td> <td width="84" nowrap="nowrap" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $   576 </td> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> SIFMA* Index </td> <td width="84" nowrap="nowrap" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> 2.69% </td> <td width="108" nowrap="nowrap" valign="bottom" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> February 2010 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> $  (9) </td> </tr> <tr style="mso-yfti-irow:4;height:12.75pt"> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Georgia Power </td> <td width="84" nowrap="nowrap" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> 301 </td> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> SIFMA* Index </td> <td width="84" nowrap="nowrap" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> 2.22% </td> <td width="108" nowrap="nowrap" valign="bottom" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> December 2009 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> (3) </td> </tr> <tr style="mso-yfti-irow:5;height:4.0pt"> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:4.0pt"> Georgia Power </td> <td width="84" nowrap="nowrap" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:4.0pt"> 300 </td> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:4.0pt"> 1-month LIBOR </td> <td width="84" nowrap="nowrap" valign="bottom" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:4.0pt"> 2.43% </td> <td width="108" nowrap="nowrap" valign="bottom" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt; height:4.0pt"> April 2010 </td> <td width="96" nowrap="nowrap" valign="bottom" style= "width:1.0in;padding:0in 5.4pt 0in 5.4pt; height:4.0pt"> (4) </td> </tr> <tr style= "mso-yfti-irow:6;mso-yfti-lastrow:yes;height:12.75pt"> <td width="120" nowrap="nowrap" valign="bottom" style= "width:1.25in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> Total </td> <td width="84" nowrap="nowrap" valign="top" style= "width:63.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $1,177 </td> <td width="120" nowrap="nowrap" valign="top" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="84" nowrap="nowrap" valign="top" style= "width:63.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="108" nowrap="nowrap" valign="top" style= "width:81.0pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">   </td> <td width="96" nowrap="nowrap" valign="top" style= "width:1.0in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> $(16) </td> </tr> </table> </div>   * Securities Industry and Financial Markets Association Municipal Swap Index (SIFMA)   For the six months ended June 30, 2009, Georgia Power incurred net losses of $16 million (all of which were incurred in the first quarter 2009) upon termination of certain interest rate derivatives at the same time it issued debt.  The effective portion of these losses has been deferred in OCI and will be amortized to interest expense over the life of the original interest rate derivative, reflecting the period in which the forecasted hedged transaction affects earnings.    Subsequent to June 30, 2009, Gulf Power entered into a forward starting interest rate swap to mitigate exposure to interest rate changes related to anticipated debt issuances.  The notional amount of the swap is $50 million, and the swap has been designated as a cash flow hedge.   The following table reflects the estimated pre-tax gains (losses) that will be reclassified from OCI to interest expense for the next 12-month period ending June 30, 2010, together with the longest date that total deferred gains and losses are expected to be amortized into earnings.   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   Registrant </td> <td width="163" valign="bottom" style= "width:1.7in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Estimated Gain (Loss) to be Reclassified for the 12 Months Ending June 30, 2010 </td> <td width="156" valign="bottom" style= "width:117.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Total Deferred Gains (Losses) Amortized Through </td> </tr> <tr style="mso-yfti-irow:1"> <td width="192" valign="top" style= "width:2.0in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="163" valign="top" style= "width:1.7in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> <td width="156" valign="top" style= "width:117.0pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:2"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="163" valign="top" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> $(35) </td> <td width="156" valign="top" style= "width:117.0pt;padding:0in 5.4pt 0in 5.4pt"> 2037 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Alabama Power </td> <td width="163" valign="top" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> (9) </td> <td width="156" valign="top" style= "width:117.0pt;padding:0in 5.4pt 0in 5.4pt"> 2035 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="163" valign="top" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> (15) </td> <td width="156" valign="top" style= "width:117.0pt;padding:0in 5.4pt 0in 5.4pt"> 2037 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Gulf Power </td> <td width="163" valign="top" style= "width:1.7in;padding:0in 5.4pt 0in 5.4pt"> (1) </td> <td width="156" valign="top" style= "width:117.0pt;padding:0in 5.4pt 0in 5.4pt"> 2018 </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="163" valign="top" style= "width:1.7in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (10) </td> <td width="156" valign="top" style= "width:117.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2016 </td> </tr> </table> </div>   Derivative Financial Statement Presentation and Amounts   At June 30, 2009, the fair value of energy-related derivatives and interest rate derivatives was reflected in the balance sheets as follows: <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="705" colspan="7" valign="bottom" style= "width:528.7pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Asset Derivatives at June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:1;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="422" colspan="6" valign="top" style= "width:316.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Fair Value </td> </tr> <tr style= "mso-yfti-irow:2;page-break-inside:avoid;height:24.25pt"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Derivative Category and Balance Sheet Location </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:24.25pt"> Southern Company </td> <td width="69" valign="bottom" style= "width:51.6pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Alabama Power </td> <td width="75" valign="bottom" style= "width:56.15pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Georgia Power </td> <td width="59" valign="bottom" style= "width:44.1pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Gulf Power </td> <td width="78" valign="bottom" style= "width:58.2pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Mississippi Power </td> <td width="67" valign="bottom" style= "width:50.55pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Southern Power </td> </tr> <tr style="mso-yfti-irow:3;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="422" colspan="6" valign="top" style= "width:316.5pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt"> Derivatives designated as hedging instruments for regulatory purposes </td> <td width="75" valign="top" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="top" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="top" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="top" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="top" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Energy-related derivatives </td> <td width="75" valign="top" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="top" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="top" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="top" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="top" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:6;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">      Other current assets </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> $ 4 </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> $ 2 </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:7;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">      Other deferred charges and assets </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 5 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:8;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total derivatives designated as hedging instruments for regulatory purposes </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $ 9 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $ 3 </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $ 4 </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">  N/A </td> </tr> <tr style="mso-yfti-irow:9;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:10;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt"> Derivatives not designated as hedging instruments </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:11;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Energy-related derivatives </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:12;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">      Other current assets* </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> $14 </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> </tr> <tr style="mso-yfti-irow:13;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">      Assets from risk management      activities </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   13 </td> </tr> <tr style="mso-yfti-irow:14;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total derivatives not designated as hedging instruments </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $14 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $  - </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $  - </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $  - </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $13 </td> </tr> <tr style="mso-yfti-irow:15;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style= "mso-yfti-irow:16;mso-yfti-lastrow:yes;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Total asset derivatives </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $23 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 3 </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 4 </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 2 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $13 </td> </tr> </table> </div>   *Southern Company includes Assets from risk management activities in Other current assets.   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="705" colspan="7" valign="bottom" style= "width:528.7pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Liability Derivatives at June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:1;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="422" colspan="6" valign="top" style= "width:316.5pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Fair Value </td> </tr> <tr style= "mso-yfti-irow:2;page-break-inside:avoid;height:24.25pt"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Derivative Category and Balance Sheet Location </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:24.25pt"> Southern Company </td> <td width="69" valign="bottom" style= "width:51.6pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Alabama Power </td> <td width="75" valign="bottom" style= "width:56.15pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Georgia Power </td> <td width="59" valign="bottom" style= "width:44.1pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Gulf Power </td> <td width="78" valign="bottom" style= "width:58.2pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Mississippi Power </td> <td width="67" valign="bottom" style= "width:50.55pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:24.25pt"> Southern Power </td> </tr> <tr style="mso-yfti-irow:3;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="422" colspan="6" valign="top" style= "width:316.5pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt"> Derivatives designated as hedging instruments for regulatory purposes </td> <td width="75" valign="top" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="top" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="top" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="top" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="top" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Energy-related derivatives </td> <td width="75" valign="top" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="top" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="top" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="top" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="top" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:6;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">      Liabilities from risk management      activities </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> $241 </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> $  78 </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> $102 </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> $24 </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt"> $37 </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:7;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">      Other deferred credits and liabilities </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> 73 </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> 17 </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> 27 </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> 5 </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt"> 24 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:8;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Total derivatives designated as hedging instruments for regulatory purposes </td> <td width="75" valign="bottom" style= "width:55.9pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $314 </td> <td width="69" valign="bottom" style= "width:51.6pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  95 </td> <td width="75" valign="bottom" style= "width:56.15pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $129 </td> <td width="59" valign="bottom" style= "width:44.1pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $29 </td> <td width="78" valign="bottom" style= "width:58.2pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $61 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> N/A </td> </tr> <tr style="mso-yfti-irow:9;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:10;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt"> Derivatives designated as hedging instruments in cash flow and fair value hedges </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:11;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Interest rate derivatives </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:12;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">      Liabilities from risk management      activities </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  16 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $    9 </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $     7 </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $   - </td> </tr> <tr style="mso-yfti-irow:13;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:14;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt"> Derivatives not designated as hedging instruments </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:15;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Energy-related derivatives </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:16;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">      Liabilities from risk management      activities </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> $  10 </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="78" valign="bottom" style= "width:58.2pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="67" valign="bottom" style= "width:50.55pt;padding:0in 5.4pt 0in 5.4pt"> $  9 </td> </tr> <tr style="mso-yfti-irow:17;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">      Other deferred credits and liabilities </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 1 </td> </tr> <tr style="mso-yfti-irow:18;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total derivatives not designated as hedging instruments </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   $  11 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   $     - </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   $     - </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   $  - </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   $ 1 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   $10 </td> </tr> <tr style="mso-yfti-irow:19;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style= "mso-yfti-irow:20;mso-yfti-lastrow:yes;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Total liability derivatives </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $341 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $104 </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $136 </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $29 </td> <td width="78" valign="bottom" style= "width:58.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $62 </td> <td width="67" valign="bottom" style= "width:50.55pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $10 </td> </tr> </table> </div>   All derivative instruments are measured at fair value.  See Note (C) herein for additional information.   At June 30, 2009, the pre-tax effect of unrealized derivative gains (losses) arising from energy-related derivative instruments designated as regulatory hedging instruments and deferred on the balance sheets were as follows:   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;page-break-inside:avoid"> <td width="640" colspan="6" valign="bottom" style= "width:480.1pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Regulatory Hedge Unrealized Gain (Loss) Recognized on the Balance Sheet </td> </tr> <tr style= "mso-yfti-irow:1;page-break-inside:avoid;height:24.25pt"> <td width="283" valign="top" style= "width:212.2pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:24.25pt"> Derivative Category and Balance Sheet Location </td> <td width="75" valign="top" style= "width:55.9pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:24.25pt"> Southern Company </td> <td width="69" valign="top" style= "width:51.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:24.25pt"> Alabama Power </td> <td width="75" valign="top" style= "width:56.15pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:24.25pt"> Georgia Power </td> <td width="59" valign="top" style= "width:44.1pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:24.25pt"> Gulf Power </td> <td width="80" valign="top" style= "width:60.15pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:24.25pt"> Mississippi Power </td> </tr> <tr style="mso-yfti-irow:2;page-break-inside:avoid"> <td width="283" valign="top" style= "width:212.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="357" colspan="5" valign="top" style= "width:267.9pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:3;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="75" valign="top" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="69" valign="top" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="75" valign="top" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="59" valign="top" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="80" valign="top" style= "width:60.15pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:4;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Other regulatory assets, current </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> $(241) </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> $(78) </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> $(102) </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> $(24) </td> <td width="80" valign="bottom" style= "width:60.15pt;padding:0in 5.4pt 0in 5.4pt"> $(37) </td> </tr> <tr style="mso-yfti-irow:5;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Other regulatory assets, deferred </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> (73) </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> (17) </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> (27) </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> (5) </td> <td width="80" valign="bottom" style= "width:60.15pt;padding:0in 5.4pt 0in 5.4pt"> (24) </td> </tr> <tr style="mso-yfti-irow:6;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Other current liabilities </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> 4 </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="80" valign="bottom" style= "width:60.15pt;padding:0in 5.4pt 0in 5.4pt"> - </td> </tr> <tr style="mso-yfti-irow:7;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;padding:0in 5.4pt 0in 5.4pt">   Other regulatory liabilities, current </td> <td width="75" valign="bottom" style= "width:55.9pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="69" valign="bottom" style= "width:51.6pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="75" valign="bottom" style= "width:56.15pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="59" valign="bottom" style= "width:44.1pt;padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="80" valign="bottom" style= "width:60.15pt;padding:0in 5.4pt 0in 5.4pt"> - </td> </tr> <tr style="mso-yfti-irow:8;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   Other regulatory liabilities, deferred </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 5 </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="80" valign="bottom" style= "width:60.15pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 1 </td> </tr> <tr style= "mso-yfti-irow:9;mso-yfti-lastrow:yes;page-break-inside:avoid"> <td width="283" valign="bottom" style= "width:212.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total energy-related derivative gains (losses) </td> <td width="75" valign="bottom" style= "width:55.9pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $(305) </td> <td width="69" valign="bottom" style= "width:51.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $(92) </td> <td width="75" valign="bottom" style= "width:56.15pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $(125) </td> <td width="59" valign="bottom" style= "width:44.1pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $(28) </td> <td width="80" valign="bottom" style= "width:60.15pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $(60) </td> </tr> </table> </div>   For the three months ended June 30, 2009 and June 30, 2008, the pre-tax effect of energy-related derivatives and interest rate derivatives designated as cash flow hedging instruments on the statements of income were as follows: <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="631" style= "width:473.4pt;border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:35.1pt"> <td width="187" rowspan="2" valign="bottom" style= "width:1.95in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:35.1pt"> Derivatives in Cash Flow Hedging Relationships </td> <td width="132" colspan="2" rowspan="2" valign="bottom" style= "width:99.0pt; border:none;border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:35.1pt"> Gain (Loss) Recognized in OCI on Derivative (Effective Portion) </td> <td width="312" colspan="3" valign="bottom" style= "width:3.25in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:35.1pt"> Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) </td> </tr> <tr style="mso-yfti-irow:1"> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Statements of Income Location </td> <td width="108" colspan="2" valign="bottom" style= "width:81.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Amount </td> </tr> <tr style="mso-yfti-irow:2"> <td width="187" valign="top" style= "width:1.95in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> <td width="204" valign="top" style= "width:153.0pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:3;height:7.6pt"> <td width="187" valign="top" style= "width:1.95in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:7.6pt">   </td> <td width="132" colspan="2" valign="top" style= "width:99.0pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:7.6pt"> (in millions) </td> <td width="204" valign="top" style= "width:153.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:7.6pt">   </td> <td width="108" colspan="2" valign="top" style= "width:81.0pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:7.6pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="top" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $    7 </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $      - </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:6"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Interest rate derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (4) </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (12) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (6) </td> </tr> <tr style="mso-yfti-irow:7"> <td width="187" valign="bottom" style= "width:1.95in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt">  Total </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(4) </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $    7 </td> <td width="204" valign="bottom" style= "width:153.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(12) </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(6) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Alabama Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:9"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $      - </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:10"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">  Interest rate derivatives </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (2) </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 3 </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (2) </td> </tr> <tr style="mso-yfti-irow:11"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">  Total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(2) </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $    3 </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $   (3) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(2) </td> </tr> <tr style="mso-yfti-irow:12"> <td width="187" valign="bottom" style= "width:1.95in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:13"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   Interest rate derivatives total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(2) </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  16 </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $   (6) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(1) </td> </tr> <tr style="mso-yfti-irow:14"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Gulf Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:15"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   Interest rate derivatives total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $   - </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $    1 </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $      - </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $   - </td> </tr> <tr style="mso-yfti-irow:16"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:17"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives total </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $   - </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  (1) </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="bottom" style= "width:40.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="54" valign="bottom" style= "width:40.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $   - </td> </tr> <tr style="mso-yfti-irow:18"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:19"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $   - </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $(12) </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:20"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">  Interest rate derivatives </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> </tr> <tr style="mso-yfti-irow:21;mso-yfti-lastrow:yes"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">  Total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $   - </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(12) </td> <td width="204" valign="top" style= "width:153.0pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $ (3) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(3) </td> </tr> </table> </div>   For the six months ended June 30, 2009 and June 30, 2008, the pre-tax effect of energy-related derivatives and interest rate derivatives designated as cash flow hedging instruments on the statements of income were as follows: <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="631" style= "width:473.4pt;border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:35.1pt"> <td width="187" rowspan="2" valign="bottom" style= "width:1.95in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:35.1pt"> Derivatives in Cash Flow Hedging Relationships </td> <td width="132" colspan="2" rowspan="2" valign="bottom" style= "width:99.0pt; border:none;border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:35.1pt"> Gain (Loss) Recognized in OCI on Derivative (Effective Portion) </td> <td width="312" colspan="3" valign="bottom" style= "width:3.25in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:35.1pt"> Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) </td> </tr> <tr style="mso-yfti-irow:1"> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Statements of Income Location </td> <td width="108" colspan="2" valign="bottom" style= "width:81.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Amount </td> </tr> <tr style="mso-yfti-irow:2"> <td width="187" valign="bottom" style= "width:1.95in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> <td width="204" valign="top" style= "width:153.0pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:3;height:7.6pt"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:7.6pt">   </td> <td width="132" colspan="2" valign="top" style= "width:99.0pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:7.6pt"> (in millions) </td> <td width="204" valign="top" style= "width:153.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:7.6pt">   </td> <td width="108" colspan="2" valign="top" style= "width:81.0pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:7.6pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="top" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $  (5) </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> </tr> <tr style="mso-yfti-irow:6"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Interest rate derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> (24) </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (22) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (11) </td> </tr> <tr style="mso-yfti-irow:7"> <td width="187" valign="bottom" style= "width:1.95in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt">  Total </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(2) </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(29) </td> <td width="204" valign="bottom" style= "width:153.0pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(22) </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(11) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Alabama Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:9"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $  (1) </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:10"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">  Interest rate derivatives </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (4) </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (2) </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (6) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (2) </td> </tr> <tr style="mso-yfti-irow:11"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">  Total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(4) </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (3) </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (6) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (2) </td> </tr> <tr style="mso-yfti-irow:12"> <td width="187" valign="bottom" style= "width:1.95in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:13"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   Interest rate derivatives total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(11) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  (2) </td> </tr> <tr style="mso-yfti-irow:14"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Gulf Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:15"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   Interest rate derivatives total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  (3) </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  (1) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:16"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:17"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives total </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $  (4) </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="bottom" style= "width:40.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="54" valign="bottom" style= "width:40.5pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:18"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:19"> <td width="187" valign="bottom" style= "width:1.95in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="66" valign="top" style= "width:49.5pt;padding:0in 5.4pt 0in 5.4pt"> $(20) </td> <td width="204" valign="bottom" style= "width:153.0pt;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> </tr> <tr style="mso-yfti-irow:20"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">  Interest rate derivatives </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="204" valign="bottom" style= "width:153.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest expense </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (5) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (7) </td> </tr> <tr style="mso-yfti-irow:21;mso-yfti-lastrow:yes"> <td width="187" valign="bottom" style= "width:1.95in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">  Total </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(20) </td> <td width="204" valign="top" style= "width:153.0pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (5) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  (7) </td> </tr> </table> </div>   There was no material ineffectiveness recorded in earnings for any registrant for any period presented.   For the three months ended June 30, 2009 and June 30, 2008, the pre-tax effect of energy-related derivatives not designated as hedging instruments on the statements of income were as follows:   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="559" style= "width:419.4pt;border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:13.5pt"> <td width="259" rowspan="2" valign="bottom" style= "width:2.7in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt"> Derivatives not Designated as Hedging Instruments </td> <td width="300" colspan="3" valign="bottom" style= "width:225.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt"> Unrealized Gain (Loss) Recognized in Income </td> </tr> <tr style="mso-yfti-irow:1"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Statements of Income Location </td> <td width="108" colspan="2" valign="bottom" style= "width:81.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Amount </td> </tr> <tr style="mso-yfti-irow:2"> <td width="259" valign="bottom" style= "width:2.7in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="top" style= "width:2.0in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="top" style= "width:2.0in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" colspan="2" valign="top" style= "width:81.0pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="192" valign="top" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Wholesale revenues </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $(6) </td> </tr> <tr style="mso-yfti-irow:6"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> 16 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Purchased power </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (2) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (5) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Other income (expense), net </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $ 7 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:11"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Other income (expense), net </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $ 2 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:13"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Wholesale revenues </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 1 </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $(6) </td> </tr> <tr style="mso-yfti-irow:14"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> 16 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Purchased power </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (2) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (5) </td> </tr> <tr style="mso-yfti-irow:16;mso-yfti-lastrow:yes"> <td width="259" valign="bottom" style= "width:2.7in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="192" valign="top" style= "width:2.0in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $ 5 </td> </tr> </table> </div>   For the six months ended June 30, 2009 and June 30, 2008, the pre-tax effect of energy-related derivatives not designated as hedging instruments on the statements of income were as follows:   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="559" style= "width:419.4pt;border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:13.5pt"> <td width="259" rowspan="2" valign="bottom" style= "width:2.7in;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt"> Derivatives not Designated as Hedging Instruments </td> <td width="300" colspan="3" valign="bottom" style= "width:225.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt"> Unrealized Gain (Loss) Recognized in Income </td> </tr> <tr style="mso-yfti-irow:1"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt: solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Statements of Income Location </td> <td width="108" colspan="2" valign="bottom" style= "width:81.0pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Amount </td> </tr> <tr style="mso-yfti-irow:2"> <td width="259" valign="bottom" style= "width:2.7in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="top" style= "width:2.0in;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2009 </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2008 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="top" style= "width:2.0in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" colspan="2" valign="top" style= "width:81.0pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="192" valign="top" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Wholesale revenues </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 5 </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $(34) </td> </tr> <tr style="mso-yfti-irow:6"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> 28 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Purchased power </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Other income (expense), net </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $(1) </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $ (7) </td> </tr> <tr style="mso-yfti-irow:10"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:11"> <td width="259" valign="bottom" style= "width:2.7in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Other income (expense), net </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="54" valign="top" style= "width:40.5pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $  2 </td> </tr> <tr style="mso-yfti-irow:12"> <td width="259" valign="bottom" style= "width:2.7in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="192" valign="bottom" style= "width:2.0in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:13"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">  Energy-related derivatives </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Wholesale revenues </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $ 5 </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> $(34) </td> </tr> <tr style="mso-yfti-irow:14"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Fuel </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> 28 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="259" valign="bottom" style= "width:2.7in;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt"> Purchased power </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> <td width="54" valign="top" style= "width:40.5pt;padding:0in 5.4pt 0in 5.4pt"> (3) </td> </tr> <tr style="mso-yfti-irow:16;mso-yfti-lastrow:yes"> <td width="259" valign="bottom" style= "width:2.7in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="192" valign="top" style= "width:2.0in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $(1) </td> <td width="54" valign="top" style= "width:40.5pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $ (9) </td> </tr> </table> </div>   Contingent Features   The registrants do not have any credit arrangements that would require material changes in payment schedules or terminations as a result of a credit rating downgrade. There are certain derivatives that could require collateral, but not accelerated payment, in the event of various credit rating changes of certain Southern Company subsidiaries.  At June 30, 2009, the fair value of derivative liabilities with contingent features, by registrant, is as follows:   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="607" style= "width:455.4pt;border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt: 0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="156" valign="top" style= "width:117.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="81" colspan="2" valign="top" style= "width:60.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="71" valign="top" style= "width:53.6pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Alabama Power </td> <td width="83" valign="top" style= "width:62.45pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="60" valign="top" style= "width:44.85pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Gulf Power </td> <td width="84" valign="top" style= "width:62.8pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="72" valign="top" style= "width:54.2pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> </tr> <tr style="mso-yfti-irow:1"> <td width="156" colspan="2" valign="top" style= "width:117.35pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="80" valign="top" style= "width:60.15pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="71" valign="top" style= "width:53.6pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="83" valign="top" style= "width:62.45pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> <td width="60" valign="top" style= "width:44.85pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="84" valign="top" style= "width:62.8pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="top" style= "width:54.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:2;mso-yfti-lastrow:yes"> <td width="156" colspan="2" valign="bottom" style= "width:117.35pt;padding:0in 5.4pt 0in 5.4pt"> Derivative liabilities </td> <td width="80" valign="bottom" style= "width:60.15pt;padding:0in 5.4pt 0in 5.4pt"> $68 </td> <td width="71" valign="bottom" style= "width:53.6pt;padding:0in 5.4pt 0in 5.4pt"> $19 </td> <td width="83" valign="bottom" style= "width:62.45pt;padding:0in 5.4pt 0in 5.4pt"> $30 </td> <td width="60" valign="bottom" style= "width:44.85pt;padding:0in 5.4pt 0in 5.4pt"> $5 </td> <td width="84" valign="bottom" style= "width:62.8pt;padding:0in 5.4pt 0in 5.4pt"> $8 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt"> $6 </td> </tr><![if !supportMisalignedColumns]> <tr height="0"> <td width="151" style="border:none"></td> <td width="0" style="border:none"></td> <td width="80" style="border:none"></td> <td width="71" style="border:none"></td> <td width="82" style="border:none"></td> <td width="60" style="border:none"></td> <td width="89" style="border:none"></td> <td width="73" style="border:none"></td> </tr><![endif]> </table> </div>   At June 30, 2009, the registrants had no collateral posted with their derivative counterparties; however, because of the joint and several liability features underlying these derivatives, the maximum potential collateral requirements arising from the credit-risk-related contingent features, at a rating below BBB- and/or Baa3, is $68 million for each registrant.   Currently, each of the registrants has investment grade credit ratings from the major rating agencies with respect to debt, preferred securities, preferred stock, and/or preference stock.   Generally, collateral may be provided by a Southern Company guaranty, letter of credit, or cash.  For the traditional operating companies and Southern Power, included in these amounts are certain agreements that could require collateral in the event that one or more Power Pool participants has a credit rating change to below investment grade. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; 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<div> <a name="_AUC6ebd5780daed4c159fa50b26f3941849">(C) FAIR VALUE MEASUREMENTS</a>   As of June 30, 2009, assets and liabilities measured at fair value on a recurring basis during the period, together with the level of the fair value hierarchy in which they fall, are as follows:   <div align="center"> <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" width="540" style= "width:405.05pt;border-collapse:collapse;border:none;mso-border-alt: solid windowtext .5pt;mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext;mso-border-insidev:.5pt solid windowtext"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="187" valign="top" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="253" colspan="6" valign="top" style= "width:190.05pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Fair Value Measurements Using </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:1"> <td width="187" valign="top" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Quoted Prices in Active Markets for Identical Assets </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">     Significant Other Observable Inputs </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">       Significant Unobservable Inputs </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:2"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> As of June 30, 2009: </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (Level 1) </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (Level 2) </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (Level 3) </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> </tr> <tr style="mso-yfti-irow:3;height:6.25pt"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:6.25pt">   </td> <td width="353" colspan="8" valign="top" style= "width:264.85pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:6.25pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Southern Company </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:5"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:6"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $        - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  23 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    23 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Nuclear decommissioning trusts(a)(b) </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   594 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   343 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   937 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Cash equivalents and restricted cash </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   688 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   688 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 7 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 44 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 34 </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 85 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $1,289 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $410 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $34 </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $1,733 </td> </tr> <tr style="mso-yfti-irow:11"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Liabilities: </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:12"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $        - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $325 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $325 </td> </tr> <tr style="mso-yfti-irow:13"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest rate derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 16 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 16 </td> </tr> <tr style="mso-yfti-irow:14"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $        - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $341 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $341 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:16"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Alabama Power </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:17"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:18"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    3 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $   3 </td> </tr> <tr style="mso-yfti-irow:19"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Nuclear decommissioning trusts(a) </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:20"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Domestic equity </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 244 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 35 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 279 </td> </tr> <tr style="mso-yfti-irow:21"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> U.S. Treasury and government agency securities </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 12 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   12 </td> </tr> <tr style="mso-yfti-irow:22"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Corporate bonds </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 7 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 56 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 63 </td> </tr> <tr style="mso-yfti-irow:23"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Mortgage and asset backed securities </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 50 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   50 </td> </tr> <tr style="mso-yfti-irow:24"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 14 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 14 </td> </tr> <tr style="mso-yfti-irow:25"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Cash equivalents and restricted cash </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   191 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   191 </td> </tr> <tr style="mso-yfti-irow:26"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $442 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $170 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $612 </td> </tr> <tr style="mso-yfti-irow:27"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Liabilities: </td> <td width="88" colspan="2" valign="top" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="top" style= "width:57.25pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="top" style= "width:66.95pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="top" style= "width:74.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:28"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  95 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  95 </td> </tr> <tr style="mso-yfti-irow:29"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest rate derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 9 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 9 </td> </tr> <tr style="mso-yfti-irow:30"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $104 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $104 </td> </tr> <tr style="mso-yfti-irow:31"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:32"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:33"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:34"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    4 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    4 </td> </tr> <tr style="mso-yfti-irow:35"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Nuclear decommissioning trusts(a) </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:36"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Domestic equity </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 343 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 1 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 344 </td> </tr> <tr style="mso-yfti-irow:37"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> U.S. Treasury and government agency securities </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 24 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   24 </td> </tr> <tr style="mso-yfti-irow:38"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Municipal bonds </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 15 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 15 </td> </tr> <tr style="mso-yfti-irow:39"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Corporate bonds </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 86 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 86 </td> </tr> <tr style="mso-yfti-irow:40"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Mortgage and asset backed securities </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 25 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   25 </td> </tr> <tr style="mso-yfti-irow:41"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> <p class="MsoNormal" align="right" style= "margin-top:0in;margin-right:2.75pt; margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right; tab-stops:decimal 33.95pt;mso-prop-change:Laura McIntosh 20090611T1718"> 25 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> 25 </td> </tr> <tr style="mso-yfti-irow:42"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Cash equivalents and restricted cash </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   34 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   34 </td> </tr> <tr style="mso-yfti-irow:43"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $377 </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $180 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $557 </td> </tr> <tr style="mso-yfti-irow:44"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Liabilities: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:45"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $129 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $129 </td> </tr> <tr style="mso-yfti-irow:46"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Interest rate derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 7 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 7 </td> </tr> <tr style="mso-yfti-irow:47"> <td width="187" valign="bottom" style= "width:140.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="76" colspan="2" valign="bottom" style= "width:57.25pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $136 </td> <td width="89" colspan="2" valign="bottom" style= "width:66.95pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  - </td> <td width="100" colspan="2" valign="bottom" style= "width:74.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $136 </td> </tr> <tr style="mso-yfti-irow:48"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="352" colspan="7" valign="top" style= "width:264.25pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:49"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Gulf Power </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:50"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:51"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  1 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  1 </td> </tr> <tr style="mso-yfti-irow:52"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Cash equivalents and restricted cash </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   41 </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">   41 </td> </tr> <tr style="mso-yfti-irow:53"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  41 </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  1 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $42 </td> </tr> <tr style="mso-yfti-irow:54"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Liabilities: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:55"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $29 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $29 </td> </tr> <tr style="mso-yfti-irow:56"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:57"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Mississippi Power </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:58"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:59"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $     - </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $  2 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $2 </td> </tr> <tr style="mso-yfti-irow:60"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Cash equivalents </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2 </td> </tr> <tr style="mso-yfti-irow:61"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $    2 </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $  2 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $4 </td> </tr> <tr style="mso-yfti-irow:62"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Liabilities: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:63"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $62 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $62 </td> </tr> <tr style="mso-yfti-irow:64"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:65"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:66"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Assets: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:67"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $    - </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $13 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $13 </td> </tr> <tr style="mso-yfti-irow:68"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Cash equivalents </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 29 </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 29 </td> </tr> <tr style="mso-yfti-irow:69"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $ 29 </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $13 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $42 </td> </tr> <tr style="mso-yfti-irow:70"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Liabilities: </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; mso-border-top-alt:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:71;mso-yfti-lastrow:yes"> <td width="188" colspan="2" valign="bottom" style= "width:140.8pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Energy-related derivatives </td> <td width="88" colspan="2" valign="bottom" style= "width:65.85pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $   - </td> <td width="77" colspan="2" valign="bottom" style= "width:57.9pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $10 </td> <td width="88" colspan="2" valign="bottom" style= "width:66.3pt;border:none; border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $- </td> <td width="99" valign="bottom" style= "width:74.2pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> $10 </td> </tr><![if !supportMisalignedColumns]> <tr height="0"> <td width="187" style="border:none"></td> <td width="1" style="border:none"></td> <td width="87" style="border:none"></td> <td width="1" style="border:none"></td> <td width="76" style="border:none"></td> <td width="2" style="border:none"></td> <td width="88" style="border:none"></td> <td width="1" style="border:none"></td> <td width="99" style="border:none"></td> </tr><![endif]> </table> </div>   (a) Excludes receivables related to investment income, pending investment sales, and payables related to pending investment purchases. (b) For additional detail, see the nuclear decommissioning trusts for Alabama Power and Georgia Power.   Energy-related derivatives and interest rate derivatives primarily consist of over-the-counter contracts.  See Note (E) under “Financial Instruments” herein for additional information.  The nuclear decommissioning trust funds are invested in a diversified mix of equity and fixed income securities.  The cash equivalents and restricted cash consist of securities with original maturities of 90 days or less.  “Other” represents marketable securities and certain deferred compensation funds also invested in various marketable securities.  All of these financial instruments and investments are valued primarily using the market approach.    Changes in the fair value measurement of the Level 3 items using significant unobservable inputs for Southern Company at June 30, 2009 are as follows:   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "margin-left:18.7pt;border-collapse:collapse;mso-table-layout-alt:fixed; mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.75pt"> <td width="303" rowspan="2" valign="top" style= "width:227.3pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">     </td> <td width="231" colspan="2" valign="top" style= "width:173.3pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt"> Level 3 </td> </tr> <tr style="mso-yfti-irow:1;height:12.75pt"> <td width="231" colspan="2" valign="top" style= "width:173.3pt;border:none; border-bottom:solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:12.75pt"> Other </td> </tr> <tr style="mso-yfti-irow:2"> <td width="303" valign="top" style= "width:227.3pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="111" valign="top" style= "width:83.3pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2009 </td> <td width="120" valign="bottom" style= "width:1.25in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2009 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="303" valign="top" style= "width:227.3pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="231" colspan="2" valign="top" style= "width:173.3pt;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:4"> <td width="303" valign="bottom" style= "width:227.3pt;padding:0in 5.4pt 0in 5.4pt"> Beginning balance </td> <td width="111" valign="top" style= "width:83.3pt;padding:0in 5.4pt 0in 5.4pt"> $32           </td> <td width="120" valign="top" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt"> $35            </td> </tr> <tr style="mso-yfti-irow:5"> <td width="303" valign="bottom" style= "width:227.3pt;padding:0in 5.4pt 0in 5.4pt">      Total gains (losses) – realized/unrealized: </td> <td width="111" valign="top" style= "width:83.3pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="120" valign="top" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:6"> <td width="303" valign="bottom" style= "width:227.3pt;padding:0in 5.4pt 0in 5.4pt">         Included in earnings </td> <td width="111" valign="top" style= "width:83.3pt;padding:0in 5.4pt 0in 5.4pt"> -           </td> <td width="120" valign="top" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt"> (3)          </td> </tr> <tr style="mso-yfti-irow:7"> <td width="303" valign="bottom" style= "width:227.3pt;padding:0in 5.4pt 0in 5.4pt">         Included in OCI </td> <td width="111" valign="top" style= "width:83.3pt;padding:0in 5.4pt 0in 5.4pt"> 2           </td> <td width="120" valign="top" style= "width:1.25in;padding:0in 5.4pt 0in 5.4pt"> 2            </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="303" valign="bottom" style= "width:227.3pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Ending balance at June 30, 2009 </td> <td width="111" valign="top" style= "width:83.3pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $34           </td> <td width="120" valign="top" style= "width:1.25in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $34            </td> </tr> </table> </div>   Unrealized losses of $3 million were included in earnings during the six-month period relating to assets still held at June 30, 2009 and are recorded in “depreciation and amortization.”   Southern Company, Alabama Power, and Georgia Power continue to elect the option to fair value investment securities held in the nuclear decommissioning trust funds.  For the three months and six months ended June 30, 2009, the increase in fair value of the funds, which includes reinvested interest and dividends, is recorded in the regulatory liability and was $45 million and $22 million, respectively, for Alabama Power, $52 million and $27 million, respectively, for Georgia Power, and $97 million and $49 million, respectively, for Southern Company.   As of June 30, 2009, other financial instruments for which the carrying amount did not equal fair value were as follows:   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.15pt"> <td width="194" valign="top" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt; height:12.15pt"> <a name="OLE_LINK4"></a>   </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt; height:12.15pt"> Carrying Amount </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt; height:12.15pt"> Fair Value </td> </tr> <tr style="mso-yfti-irow:1"> <td width="194" valign="top" style= "width:145.2pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="240" colspan="2" valign="top" style= "width:180.35pt;border:none; border-top:solid windowtext 1.0pt;mso-border-top-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt"> Long-term debt: </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt">             </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt">             </td> </tr> <tr style="mso-yfti-irow:3"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt">    Southern Company </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt"> $18,916          </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt"> $19,231           </td> </tr> <tr style="mso-yfti-irow:4"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt">    Alabama Power </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt"> $6,407          </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt"> $6,547           </td> </tr> <tr style="mso-yfti-irow:5"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt">    Georgia Power </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt"> $7,566          </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt"> $7,626           </td> </tr> <tr style="mso-yfti-irow:6"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt">    Gulf Power </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt"> $1,119          </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt"> $1,129           </td> </tr> <tr style="mso-yfti-irow:7"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt">    Mississippi Power </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt"> $491          </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt"> $500           </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="194" valign="bottom" style= "width:145.2pt;padding:0in 2.35pt 0in 2.35pt">    Southern Power </td> <td width="122" valign="top" style= "width:91.85pt;padding:0in 2.35pt 0in 2.35pt"> $1,297          </td> <td width="118" valign="top" style= "width:88.5pt;padding:0in 2.35pt 0in 2.35pt"> $1,357           </td> </tr> </table> </div>   The fair values were based on either closing market prices (Level 1) or closing prices of comparable instruments (Level 2). <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; 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<div> <a name="_AUCe14cc3b2c5d34808b0d7d70f229f1b87">(G) EFFECTIVE TAX RATE AND UNRECOGNIZED TAX BENEFITS</a>   Effective Tax Rate   Southern Company’s effective tax rate was 38.2% for the six months ended June 30, 2009, as compared to 33.3% for the same period in 2008.  See Note 5 to the financial statements of each registrant in Item 8 of the Form 10-K for information on the effective income tax rate.  Southern Company’s effective tax rate increased for the six months ended June 30, 2009 primarily due to the $202 million charge recorded for the MC Asset Recovery settlement.  Southern Company is currently evaluating potential recovery of the settlement payment through various means.  The degree to which any recovery is realized will determine, in part, the final income tax treatment of the settlement payment.  See Note (B) herein under “Mirant Matters” for further information regarding this matter.  The increase in Southern Company’s effective tax rate was partially offset by the early termination of an international leveraged lease investment, which is not taxable.   Unrecognized Tax Benefits   Changes during 2009 for unrecognized tax benefits are as follows:   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:.3in"> <td width="206" valign="top" style= "width:154.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt;height:.3in">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:.3in"> Southern Company </td> <td width="69" valign="bottom" style= "width:51.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt;height:.3in"> Alabama Power </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt;height:.3in"> Georgia Power </td> <td width="48" valign="bottom" style= "width:.5in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:.3in"> Gulf Power </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:.3in"> Mississippi Power </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:.3in"> Southern Power </td> </tr> <tr style="mso-yfti-irow:1"> <td width="206" valign="bottom" style= "width:154.65pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="393" colspan="6" valign="bottom" style= "width:294.4pt;padding:0in 2.35pt 0in 2.35pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="206" valign="bottom" style= "width:154.65pt;padding:0in 2.35pt 0in 2.35pt"> Unrecognized tax benefits as of December 31, 2008 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt">   $146.4 </td> <td width="69" valign="bottom" style= "width:51.4pt;padding:0in 2.35pt 0in 2.35pt">   $ 3.0 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 2.35pt 0in 2.35pt">   $ 137.1 </td> <td width="48" valign="bottom" style= "width:.5in;padding:0in 2.35pt 0in 2.35pt">   $ 0.3 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt">   $1.8 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt">   $ 0.5 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="206" valign="bottom" style= "width:154.65pt;padding:0in 2.35pt 0in 2.35pt"> Tax positions from current periods </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> 29.4 </td> <td width="69" valign="bottom" style= "width:51.4pt;padding:0in 2.35pt 0in 2.35pt"> 1.0 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 2.35pt 0in 2.35pt"> 23.4 </td> <td width="48" valign="bottom" style= "width:.5in;padding:0in 2.35pt 0in 2.35pt"> 0.2 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> 0.7 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> 0.3 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="206" valign="bottom" style= "width:154.65pt;padding:0in 2.35pt 0in 2.35pt"> Tax positions from prior periods </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> 2.2 </td> <td width="69" valign="bottom" style= "width:51.4pt;padding:0in 2.35pt 0in 2.35pt"> 1.2 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 2.35pt 0in 2.35pt"> 0.2 </td> <td width="48" valign="bottom" style= "width:.5in;padding:0in 2.35pt 0in 2.35pt"> 0.3 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> 0.1 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> 0.4 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="206" valign="bottom" style= "width:154.65pt;padding:0in 2.35pt 0in 2.35pt"> Reductions due to settlements </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="69" valign="bottom" style= "width:51.4pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="48" valign="bottom" style= "width:.5in;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> - </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> - </td> </tr> <tr style="mso-yfti-irow:6;height:8.1pt"> <td width="206" valign="bottom" style= "width:154.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt;height:8.1pt"> Reductions due to expired statute of limitations </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:8.1pt">   - </td> <td width="69" valign="bottom" style= "width:51.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt;height:8.1pt">   - </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt;height:8.1pt">   - </td> <td width="48" valign="bottom" style= "width:.5in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:8.1pt">   - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:8.1pt">   - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt; height:8.1pt">   - </td> </tr> <tr style="mso-yfti-irow:7;mso-yfti-lastrow:yes"> <td width="206" valign="bottom" style= "width:154.65pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt"> Balance as of June 30, 2009 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; padding:0in 2.35pt 0in 2.35pt"> $178.0 </td> <td width="69" valign="bottom" style= "width:51.4pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt"> $ 5.2 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt"> $ 160.7 </td> <td width="48" valign="bottom" style= "width:.5in;border:none;border-bottom:double windowtext 1.5pt; padding:0in 2.35pt 0in 2.35pt"> $ 0.8 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> $ 2.6 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> $ 1.2 </td> </tr> </table> </div>   <a name="OLE_LINK36" id="OLE_LINK36"></a><a name= "OLE_LINK35" id="OLE_LINK35">The tax positions increase from the current periods relates primarily to the</a> Georgia state tax credits and other miscellaneous uncertain tax positions.  See Note (B) herein under “Income Tax Matters – Georgia State Income Tax Credits” for additional information.  The tax positions increase from the prior periods relates to the production activities deduction tax position.   Impact on Southern Company’s effective tax rate, if recognized, is as follows:   <div align="right"> <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" width="607" style= "width:455.4pt;border-collapse:collapse;border:none;mso-border-alt:solid windowtext .5pt; mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-border-insideh: .5pt solid windowtext;mso-border-insidev:.5pt solid windowtext"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="151" valign="top" style= "width:113.4pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Georgia Power </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Other Registrants </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> As of June 30, 2009 </td> <td width="132" valign="bottom" style= "width:99.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> As of December 31, 2008 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Change </td> </tr> <tr style="mso-yfti-irow:1"> <td width="151" valign="bottom" style= "width:113.4pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="456" colspan="5" valign="bottom" style= "width:4.75in;border:none; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="151" valign="bottom" style= "width:113.4pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> Tax positions impacting the effective tax rate </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $158.0 </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $17.2 </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $175.2 </td> <td width="132" valign="bottom" style= "width:99.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $143.5 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-top:solid windowtext 1.0pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $31.7 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="151" valign="bottom" style= "width:113.4pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Tax positions not impacting the effective tax rate </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2.8 </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> 2.8 </td> <td width="132" valign="bottom" style= "width:99.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> 2.9 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> (0.1) </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td width="151" valign="bottom" style= "width:113.4pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> Balance of unrecognized tax benefits </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $160.8 </td> <td width="84" valign="bottom" style= "width:63.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $17.2 </td> <td width="96" valign="bottom" style= "width:1.0in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> $178.0 </td> <td width="132" valign="bottom" style= "width:99.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $146.4 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt"> $31.6 </td> </tr> </table> </div>   The change in the tax position impacting the effective tax rate increase relates primarily to the Georgia state tax credits and the production activities deduction.   Accrued interest for unrecognized tax benefits:   <div align="center"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "margin-left:87.05pt;border-collapse:collapse;mso-table-layout-alt:fixed; mso-padding-alt:0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="276" valign="top" style= "width:207.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">   </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt">   </td> </tr> <tr style="mso-yfti-irow:1;height:4.45pt"> <td width="276" valign="top" style= "width:207.0pt;padding:0in 2.35pt 0in 2.35pt; height:4.45pt">   </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt; height:4.45pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="276" valign="bottom" style= "width:207.0pt;padding:0in 2.35pt 0in 2.35pt"> Interest accrued as of December 31, 2008 </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> $14.8 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="276" valign="bottom" style= "width:207.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 2.35pt 0in 2.35pt"> Interest accrued year-to-date </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 2.35pt 0in 2.35pt"> 4.4 </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td width="276" valign="bottom" style= "width:207.0pt;border:none;border-bottom: double windowtext 1.5pt;padding:0in 2.35pt 0in 2.35pt"> Balance as of June 30, 2009 </td> <td width="84" valign="top" style= "width:63.0pt;border:none;border-bottom:double windowtext 1.5pt; padding:0in 2.35pt 0in 2.35pt"> $19.2 </td> </tr> </table> </div>   It is reasonably possible that the amount of the unrecognized benefit with respect to a majority of Southern Company’s and Georgia Power’s unrecognized tax positions will significantly increase or decrease within the next 12 months.  The conclusion or settlement of the Georgia state tax credits litigation would substantially reduce the balances.  The conclusion or settlement of federal or state audits could also impact the balances significantly.  At this time, an estimate of the range of reasonably possible outcomes cannot be determined. <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; 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<div> <a name="_AUCa6dc3eb15d984e30a74bd3cb259146fc">(A) INTRODUCTION </a>   The condensed quarterly financial statements of each registrant included herein have been prepared by such registrant, without audit, pursuant to the rules and regulations of the SEC.  The Condensed Balance Sheets as of December 31, 2008 have been derived from the audited financial statements of each registrant.  In the opinion of each registrant’s management, the information regarding such registrant furnished herein reflects all adjustments, which, except as otherwise disclosed, are of a normal recurring nature, necessary to present fairly the results of operations for the periods ended June 30, 2009 and 2008.  In addition, all subsequent events have been evaluated for disclosure through the issuance of the financial statements on August 6, 2009.  Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although each registrant believes that the disclosures regarding such registrant are adequate to make the information presented not misleading.  <a name="OLE_LINK11" id= "OLE_LINK11"></a><a name="OLE_LINK6" id= "OLE_LINK6">Disclosures which would substantially duplicate the disclosures in the audited financial statements included in the Form 10-K and, with respect to Southern Company, the subsequently revised audited financial statements included in the Current Report on Form 8-K filed May 8, 2009 (the Form 8-K), and details which have not changed significantly in amount or composition since the filing of the Form 10-K and, for Southern Company, the Form 8-K are generally omitted from this Quarterly Report on Form 10-Q.  Therefore, these Condensed Financial Statements should be read in conjunction with the financial statements and the notes thereto included in the Form 10-K</a> and<a name="OLE_LINK8" id="OLE_LINK8"></a><a name="OLE_LINK7" id="OLE_LINK7">, for Southern Company,</a> the Form 8-K.  Due to the seasonal variations in the demand for energy, operating results for the periods presented do not necessarily indicate operating results for the entire year.    Reclassifications   Certain prior period data presented in the financial statements have been reclassified to conform to the current year presentation.  For comparative purposes, each registrant’s statement of income for the three and six months ended June 30, 2008 were modified within the operating expenses section to combine the line items “Other operations” and “Maintenance” into a single line item entitled “Other operations and maintenance.”  The balance sheets at December 31, 2008 of Southern Company, Alabama Power, and Georgia Power were modified to present a separate line item for “Other regulatory assets, current” previously included in “Other current assets.”  In addition, Georgia Power’s balance sheet was modified to present a separate line item for “Joint owner accounts receivable” previously included in “Other accounts and notes receivable” and to reflect a new line item “Liabilities from risk management activities” previously included in “Other current liabilities.”  To conform to the current year presentation, Southern Power’s balance sheet at December 31, 2008 reflects a separate line item for the amount of “Deferred capacity revenues--current affiliated” previously included in “Accounts payable--affiliated.”  Southern Company modified its statements of cash flows within the operating activities section for the prior period by collapsing the line item “Derivative fair value adjustments” into “Other, net.”  Also, within the investing activities section, the line items “Investment in unconsolidated subsidiaries” and  “Hurricane Katrina capital grant proceeds” previously shown as separate line items are now included in “Other investing activities” while “Change in construction payables” previously included in “Other investing activities” is shown separately in the current presentation.  Within the operating activities of Georgia Power’s statements of cash flows, “Deferred revenues” and “Deferred expenses” previously included in “Other, net” in the prior period are now shown as separate line items.  Also, within the financing activities of the same statement, the line item “Capital leases” was collapsed into “Other financing activities.”  Mississippi Power’s balance sheet was modified to combine the line item “Prepaid income taxes” with “Other current assets.”  Mississippi Power’s statement of cash flows for the six months ended June 30, 2008 was modified within the operating activities to present separately from “Other, net” the amount of “Generation construction screening expense.”   These reclassifications had no effect on total assets, net income, cash flows, or earnings per share.   Effective January 1, 2009, Southern Company and its subsidiaries adopted retrospectively a new accounting standard for noncontrolling interests.  In connection with the adoption, Southern Company evaluated the requirements with respect to the presentation of preferred and preference stock of subsidiaries.  Based on the accounting guidance, the preferred and preference stock at Georgia Power and the preference stock at Alabama Power and Gulf Power are considered to be “noncontrolling interests” and are separately presented as a component of “Stockholders’ Equity” on Southern Company’s consolidated balance sheets.  The preferred stock of Alabama Power and Mississippi Power contains a feature that allows the holders to elect a majority of such subsidiary’s board of directors if dividends are not paid for four consecutive quarters.  Because such a potential redemption-triggering event is not solely within the control of Alabama Power and Mississippi Power, this preferred stock is presented as “Redeemable Preferred Stock of Subsidiaries” in a manner consistent with temporary equity.  The preferred and preference stock at Georgia Power and the preference stock at Alabama Power and Gulf Power do not contain such a provision that would allow the holders to elect a majority of such subsidiary’s board.   In addition, the new accounting standard for noncontrolling interests requires that preferred and preference dividends of subsidiaries previously presented within Southern Company’s consolidated statements of income as a component of “Other Income and (Expense)” be presented as a deduction from “Consolidated Net Income” to arrive at “Consolidated Net Income After Dividends on Preferred and Preference Stock.”  In Southern Company’s consolidated statements of cash flows, the preferred and preference dividends previously classified in operating activities are now classified in financing activities.   Southern Power Depreciation Policy   See Note 1 to the financial statements of Southern Power under “Depreciation” in Item 8 of the Form 10-K for information regarding Southern Power’s depreciation policy.  Southern Power revised its depreciation rates in 2009.  The change in estimate is due to revised useful life assumptions for certain components of plant in service.  The expected 2009 impact to Southern Power is an increase in depreciation expense of $8.2 million and a reduction in net income of $5.0 million.   <a name="OLE_LINK21" id="OLE_LINK21"></a><a name= "OLE_LINK20" id="OLE_LINK20">Nuclear Relicensing</a>   The NRC operating licenses for Plant Vogtle Units 1 and 2 were scheduled to expire in January 2027 and February 2029, respectively.  In June 2007, Georgia Power filed an application with the NRC to extend the licenses for Plant Vogtle Units 1 and 2 for an additional 20 years.  On June 3, 2009, the NRC approved the extension of the licenses as requested.   Leveraged Leases   On June 29, 2009, Southern Company terminated two international leveraged lease investments for a net gain, after termination of related debt, of $25.5 million.  The termination is reflected on the statements of cash flows and the statements of income on line items “Proceeds from property sales,” “Gain on disposition of lease termination,” and “Loss on extinguishment of debt.” <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <a name="_AUC7105c3ef5c3944e5ac344902a761a29f">(F) RETIREMENT BENEFITS</a>   Southern Company has a defined benefit, trusteed, pension plan covering substantially all employees.  The plan is funded in accordance with requirements of the Employee Retirement Income Security Act of 1974, as amended (ERISA).  No contributions to the plan are expected for the year ending December 31, 2009.  Southern Company also provides certain defined benefit pension plans for a selected group of management and highly compensated employees.  Benefits under these non-qualified pension plans are funded on a cash basis.  In addition, Southern Company provides certain medical care and life insurance benefits for retired employees through other postretirement benefit plans.  The traditional operating companies fund related trusts to the extent required by their respective regulatory commissions.   See Note 2 to the financial statements of Southern Company, Alabama Power, Georgia Power, Gulf Power, and Mississippi Power in Item 8 of the Form 10-K.  Components of the pension plans’ and postretirement plans’ net periodic costs for the three-month and six-month periods ended June 30, 2009 and 2008 are as follows (in millions):   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-prop-change:Opal Nadine Shorter 20040430T1719; border-collapse:collapse !msorm;mso-yfti-tbllook:480 !msorm;mso-padding-alt: 0in 5.4pt 0in 5.4pt !msorm"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:0 !msorm;mso-yfti-firstrow:yes !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   PENSION PLANS </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Southern Company </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Alabama Power </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Georgia Power </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Gulf Power </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Mississippi Power </td> </tr> <tr style= "mso-yfti-irow:1;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:1 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Three Months Ended       June 30, 2009 </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="top" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="top" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:2;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:2 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="top" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="top" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:3;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:3 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   37 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   $   9 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  12 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  1 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   1 </td> </tr> <tr style= "mso-yfti-irow:4;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:4 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 97 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">      24 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 36 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 5 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 5 </td> </tr> <tr style= "mso-yfti-irow:5;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:5 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (136) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">     (41) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   (54) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   (6) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (5) </td> </tr> <tr style= "mso-yfti-irow:6;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:6 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 11 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">        2 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">         4 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">           - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">    1 </td> </tr> <tr style= "mso-yfti-irow:7;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:7 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $    9 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">      $ (6) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $  (2) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $  - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   2 </td> </tr> <tr style= "mso-yfti-irow:8;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:8 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:9;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:9 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Six Months Ended       June 30, 2009 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:10;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:10 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:11;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:11 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   73 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   $ 17 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  24 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   3 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   3 </td> </tr> <tr style= "mso-yfti-irow:12;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:12 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 194 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">      48 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 73 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 9 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 9 </td> </tr> <tr style= "mso-yfti-irow:13;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:13 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (271) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">     (82) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (108) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (12) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">    (10) </td> </tr> <tr style= "mso-yfti-irow:14;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:14 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 21 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">        5 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 8 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">           - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 1 </td> </tr> <tr style= "mso-yfti-irow:15;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:15 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $    17 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   $(12) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $  (3) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   -   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   3 </td> </tr> <tr style= "mso-yfti-irow:16;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:16 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:17;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:17 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Three Months Ended       June 30, 2008 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:18;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:18 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:19;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:19 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost             </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   37 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   8 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  13 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   1 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   1 </td> </tr> <tr style= "mso-yfti-irow:20;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:20 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 87 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 22 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 34 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 4 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 4 </td> </tr> <tr style= "mso-yfti-irow:21;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:21 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (132) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (40) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">      (53) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">       (6) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">       (5) </td> </tr> <tr style= "mso-yfti-irow:22;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:22 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 11 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 3 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 3 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 1 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 1 </td> </tr> <tr style= "mso-yfti-irow:23;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:23 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $    3 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ (7) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $  (3) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   1 </td> </tr> <tr style= "mso-yfti-irow:24;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:24 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:25;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:25 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Six Months Ended      June 30, 2008 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:26;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:26 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:27;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:27 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost             </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   73 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 17 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  25 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   3 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   3 </td> </tr> <tr style= "mso-yfti-irow:28;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:28 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 174 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 44 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 67 </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 8 </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 8 </td> </tr> <tr style= "mso-yfti-irow:29;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:29 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (263) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (80) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (106) </td> <td width="60" valign="bottom" style= "width:45.0pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">      (12) </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">      (10) </td> </tr> <tr style= "mso-yfti-irow:30;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:30 !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 23 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 6 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 8 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   1 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm;mso-border-bottom-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 1 </td> </tr> <tr style= "mso-yfti-irow:31;mso-yfti-lastrow:yes;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:31 !msorm;mso-yfti-lastrow:yes !msorm"> <td width="192" valign="bottom" style= "width:2.0in;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $    7 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $(13) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $  (6) </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   - </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:double windowtext 1.5pt; mso-border-top-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;border-bottom:double windowtext 1.5pt !msorm;mso-border-top-alt: solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $   2 </td> </tr> </table> </div>         <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" width="530" style= "width:397.15pt;border-collapse:collapse;mso-yfti-tbllook:480; mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-prop-change:Opal Nadine Shorter 20040430T1719; width:397.15pt !msorm;border-collapse:collapse !msorm;mso-yfti-tbllook:480 !msorm; mso-padding-alt:0in 5.4pt 0in 5.4pt !msorm"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:14.85pt;mso-prop-change: Opal Nadine Shorter 20040430T1719; mso-yfti-irow:0 !msorm; mso-yfti-firstrow:yes !msorm;height:14.85pt !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm; height:14.85pt">   POSTRETIREMENT PLANS </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm; height:14.85pt"> Southern Company </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm; height:14.85pt"> Alabama Power </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm; height:14.85pt"> Georgia Power </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm; height:14.85pt"> Gulf Power </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm; height:14.85pt"> Mississippi Power </td> </tr> <tr style= "mso-yfti-irow:1;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:1 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Three Months Ended      June 30, 2009 </td> <td width="65" valign="top" style= "width:48.6pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="top" style= "width:50.7pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="top" style= "width:47.25pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:54.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="top" style= "width:63.55pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:2;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:2 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="top" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="top" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="top" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="top" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="top" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:3;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:3 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost             </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   6 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   3 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ - </td> </tr> <tr style= "mso-yfti-irow:4;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:4 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 29 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 8 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 12 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 2 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 2 </td> </tr> <tr style= "mso-yfti-irow:5;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:5 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (15) </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (6) </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (7) </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> </tr> <tr style= "mso-yfti-irow:6;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:6 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 7 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 2 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 3 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> - </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> - </td> </tr> <tr style= "mso-yfti-irow:7;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:7 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 27 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 5 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 11 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 2 </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> </tr> <tr style= "mso-yfti-irow:8;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:8 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:9;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:9 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Six Months Ended      June 30, 2009 </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:10;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:10 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:11;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:11 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 13 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  3 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   5 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> </tr> <tr style= "mso-yfti-irow:12;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:12 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 57 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 15 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 25 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 3 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 3 </td> </tr> <tr style= "mso-yfti-irow:13;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:13 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (30) </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (12) </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (15) </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> </tr> <tr style= "mso-yfti-irow:14;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:14 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 14 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 4 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 7 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> - </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> - </td> </tr> <tr style= "mso-yfti-irow:15;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:15 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 54 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $10 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 22 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 3 </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 3 </td> </tr> <tr style= "mso-yfti-irow:16;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:16 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:17;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:17 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Three Months Ended      June 30, 2008 </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:18;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:18 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:19;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:19 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   7 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 2 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  3 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> </tr> <tr style= "mso-yfti-irow:20;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:20 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 27 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 8 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 13 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 2 </td> </tr> <tr style= "mso-yfti-irow:21;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:21 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (14) </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (6) </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (8) </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> </tr> <tr style= "mso-yfti-irow:22;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:22 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 7 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 2 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 4 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> - </td> </tr> <tr style= "mso-yfti-irow:23;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:23 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 27 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 6 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $12 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 2 </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 2 </td> </tr> <tr style= "mso-yfti-irow:24;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:24 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;mso-border-top-alt: double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:double windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:25;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:25 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Six Months Ended      June 30, 2008 </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:26;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:26 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm">   </td> </tr> <tr style= "mso-yfti-irow:27;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:27 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Service cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 14 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $  4 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $   5 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> $ 1 </td> </tr> <tr style= "mso-yfti-irow:28;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:28 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Interest cost </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 55 </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 15 </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 25 </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 2 </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> 3 </td> </tr> <tr style= "mso-yfti-irow:29;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:29 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> Expected return on plan assets </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (29) </td> <td width="68" valign="bottom" style= "width:50.7pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (11) </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (15) </td> <td width="72" valign="bottom" style= "width:54.2pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> <td width="85" valign="bottom" style= "width:63.55pt;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm"> (1) </td> </tr> <tr style= "mso-yfti-irow:30;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:30 !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net amortization </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 15 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 4 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 8 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> 1 </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt !msorm; mso-border-bottom-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> - </td> </tr> <tr style= "mso-yfti-irow:31;mso-yfti-lastrow:yes;mso-prop-change:Opal Nadine Shorter 20040430T1719; mso-yfti-irow:31 !msorm;mso-yfti-lastrow:yes !msorm"> <td width="177" valign="bottom" style= "width:132.85pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> Net cost (income) </td> <td width="65" valign="bottom" style= "width:48.6pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 55 </td> <td width="68" valign="bottom" style= "width:50.7pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $12 </td> <td width="63" valign="bottom" style= "width:47.25pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 23 </td> <td width="72" valign="bottom" style= "width:54.2pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 3 </td> <td width="85" valign="bottom" style= "width:63.55pt;border:none;border-bottom: double windowtext 1.5pt;mso-border-top-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;border:none !msorm;border-bottom:double windowtext 1.5pt !msorm; mso-border-top-alt:solid windowtext .5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> $ 3 </td> </tr> </table> </div> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) }  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; 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<div> <a name="_AUC7ec0420323584e2e92d67a6e084e4271">Changes in Redeemable Preferred Stock of Subsidiaries</a>   The following table presents year-to-date changes in redeemable preferred stock of subsidiaries for Southern Company: <div align="center"> <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" width="496" style= "width:371.9pt;margin-left:-26.65pt;border-collapse:collapse;border: none;mso-border-alt:solid windowtext .5pt;mso-yfti-tbllook:480;mso-padding-alt: 0in 5.4pt 0in 5.4pt;mso-border-insideh:.5pt solid windowtext;mso-border-insidev: .5pt solid windowtext"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:3.0pt"> <td width="326" valign="top" style= "width:244.2pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:3.0pt">   </td> <td width="170" valign="top" style= "width:127.7pt;border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:3.0pt"> Redeemable Preferred Stock of Subsidiaries </td> </tr> <tr style="mso-yfti-irow:1;height:6.7pt"> <td width="326" valign="top" style= "width:244.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:6.7pt">   </td> <td width="170" valign="top" style= "width:127.7pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:6.7pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:2"> <td width="326" valign="top" style= "width:244.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Balance at  December 31, 2008 </td> <td width="170" valign="top" style= "width:127.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $375 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="326" valign="top" style= "width:244.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Issuance (Redemption) of preferred stock </td> <td width="170" valign="top" style= "width:127.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> </tr> <tr style="mso-yfti-irow:4"> <td width="326" valign="top" style= "width:244.2pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Balance at June 30, 2009 </td> <td width="170" valign="top" style= "width:127.7pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $375 </td> </tr> <tr style="mso-yfti-irow:5;height:7.95pt"> <td width="326" valign="top" style= "width:244.2pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:7.95pt">   </td> <td width="170" valign="top" style= "width:127.7pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:7.95pt">   </td> </tr> <tr style="mso-yfti-irow:6"> <td width="326" valign="top" style= "width:244.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Balance at  December 31, 2007 </td> <td width="170" valign="top" style= "width:127.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $498 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="326" valign="top" style= "width:244.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Issuance (Redemption) of preferred stock </td> <td width="170" valign="top" style= "width:127.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (125) </td> </tr> <tr style="mso-yfti-irow:8"> <td width="326" valign="top" style= "width:244.2pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="170" valign="top" style= "width:127.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 2 </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td width="326" valign="top" style= "width:244.2pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Balance at June 30, 2008 </td> <td width="170" valign="top" style= "width:127.7pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $375 </td> </tr> </table> </div> <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} table.MsoTableGrid {mso-style-name:"Table Grid"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext; mso-border-insidev:.5pt solid windowtext; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>

<div> <a name="_AUC498b2dd5456448758e7666da43b66131">(H) SEGMENT AND RELATED INFORMATION</a> Southern Company’s reportable business segments are the sale of electricity in the Southeast by the four traditional operating companies and Southern Power.  Southern Power’s revenues from sales to the traditional operating companies were $138 million and $273 million for the three months and six months ended June 30, 2009, respectively, and $144 million and $277 million for the three months and six months ended June 30, 2008, 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, energy-related services, and leveraged lease projects.  All other intersegment revenues are not material.  Financial data for business segments and products and services are as follows:   <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" width="615" style= "width:460.9pt;border-collapse:collapse;border:none;mso-border-bottom-alt: solid windowtext 1.5pt;mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="139" valign="top" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="282" colspan="4" valign="bottom" style= "width:211.15pt;border:none; border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Electric Utilities </td> <td width="47" valign="top" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="top" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="74" valign="top" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:1"> <td width="139" valign="top" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.5pt; mso-border-top-alt:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Traditional Operating Companies </td> <td width="60" valign="bottom" style= "width:45.0pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="73" valign="bottom" style= "width:54.4pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Eliminations </td> <td width="77" valign="bottom" style= "width:57.75pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> All Other </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Eliminations </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Consolidated </td> </tr> <tr style="mso-yfti-irow:2"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="475" colspan="7" valign="top" style= "width:356.5pt;border:none; mso-border-top-alt:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:3"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2009: </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:4"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Operating revenues </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 3,780 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  230 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ (151) </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 3,859 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $   43 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  (17) </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 3,885 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Segment net income (loss) after dividends on preferred and preference stock of subsidiaries </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> 421 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 31 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 452 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 25 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 1 </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 478 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2009: </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:7"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Operating revenues </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 7,338 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  462 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ (302) </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 7,498 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $   87 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  (34) </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 7,551 </td> </tr> <tr style="mso-yfti-irow:8"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Segment net income (loss) after dividends on preferred and preference stock of subsidiaries </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> 723 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 59 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 782 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (180) </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 604 </td> </tr> <tr style="mso-yfti-irow:9"> <td width="139" valign="bottom" style= "width:1.45in;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> Total assets at June 30, 2009 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt"> $46,943 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $2,821 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $ (141) </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $49,623 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $1,359 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $ (565) </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $50,417 </td> </tr> <tr style="mso-yfti-irow:10"> <td width="139" valign="top" style= "width:1.45in;border:none;mso-border-top-alt: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="282" colspan="4" valign="bottom" style= "width:211.15pt;border:none; border-bottom:solid windowtext 1.5pt;mso-border-top-alt:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt"> Electric Utilities </td> <td width="47" valign="top" style= "width:35.25pt;border:none;mso-border-top-alt: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="top" style= "width:54.4pt;border:none;mso-border-top-alt: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="74" valign="top" style= "width:55.7pt;border:none;mso-border-top-alt: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:11"> <td width="139" valign="top" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.5pt; mso-border-top-alt:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Traditional Operating Companies </td> <td width="60" valign="bottom" style= "width:45.0pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Southern Power </td> <td width="73" valign="bottom" style= "width:54.4pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Eliminations </td> <td width="77" valign="bottom" style= "width:57.75pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Total </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> All Other </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Eliminations </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Consolidated </td> </tr> <tr style="mso-yfti-irow:12"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="475" colspan="7" valign="bottom" style= "width:356.5pt;border:none; padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> </tr> <tr style="mso-yfti-irow:13"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2008: </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:14"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Operating revenues </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 4,075 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  316 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ (208) </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 4,183 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $   47 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ (15) </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 4,215 </td> </tr> <tr style="mso-yfti-irow:15"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Segment net income (loss) after dividends on preferred and preference stock of subsidiaries </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> 451 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 35 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 486 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (71) </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 2 </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 417 </td> </tr> <tr style="mso-yfti-irow:16"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2008: </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:17"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Operating revenues </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> $7,693 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $  532 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ (393) </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 7,832 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $   95 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ (29) </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $ 7,898 </td> </tr> <tr style="mso-yfti-irow:18"> <td width="139" valign="bottom" style= "width:1.45in;border:none;padding:0in 5.4pt 0in 5.4pt"> Segment net income (loss) after dividends on preferred and preference stock of subsidiaries </td> <td width="72" valign="bottom" style= "width:.75in;border:none;padding:0in 5.4pt 0in 5.4pt"> 793 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 64 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 857 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (81) </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 776 </td> </tr> <tr style="mso-yfti-irow:19;mso-yfti-lastrow:yes"> <td width="139" valign="bottom" style= "width:1.45in;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> Total assets at December 31, 2008 </td> <td width="72" valign="bottom" style= "width:.75in;border:none;border-bottom:solid windowtext 1.0pt; padding:0in 5.4pt 0in 5.4pt"> $44,794 </td> <td width="60" valign="bottom" style= "width:45.0pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $2,813 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $ (139) </td> <td width="77" valign="bottom" style= "width:57.75pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $47,468 </td> <td width="47" valign="bottom" style= "width:35.25pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $1,407 </td> <td width="73" valign="bottom" style= "width:54.4pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $ (528) </td> <td width="74" valign="bottom" style= "width:55.7pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> $48,347 </td> </tr> </table>   Products and Services <div align="center"> <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style= "margin-left:41.4pt;border-collapse:collapse;mso-table-layout-alt:fixed; border:none;mso-border-bottom-alt:solid windowtext 1.5pt;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="270" valign="top" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="288" colspan="4" valign="top" style= "width:3.0in;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> Electric Utilities’ Revenues </td> </tr> <tr style="mso-yfti-irow:1"> <td width="270" valign="top" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Period </td> <td width="66" valign="top" style= "width:49.5pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Retail </td> <td width="78" valign="top" style= "width:58.5pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Wholesale </td> <td width="66" valign="top" style= "width:49.5pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none; padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="78" valign="top" style= "width:58.5pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Total </td> </tr> <tr style= "mso-yfti-irow:2;mso-prop-change:Opal Nadine Shorter 20040430T1120; mso-yfti-irow:2 !msorm"> <td width="270" valign="bottom" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt; border:none !msorm;padding:0in 5.4pt 0in 5.4pt !msorm">   </td> <td width="288" colspan="4" valign="top" style= "width:3.0in;border:none;mso-border-top-alt: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;border:none !msorm; mso-border-top-alt:solid windowtext 1.5pt !msorm;padding:0in 5.4pt 0in 5.4pt !msorm"> (in millions) </td> </tr> <tr style="mso-yfti-irow:3"> <td width="270" valign="bottom" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2009 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">       $3,293 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">      $   438 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   $128 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">      $3,859 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="270" valign="bottom" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2008 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">         3,449 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">           591 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">     143 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">        4,183 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="270" valign="bottom" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="top" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="top" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:6"> <td width="270" valign="bottom" style= "width:202.5pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2009 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">       $6,358 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">      $   889 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">   $251 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt">      $7,498 </td> </tr> <tr style="mso-yfti-irow:7"> <td width="270" valign="bottom" style= "width:202.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2008 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">         6,455 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">        1,105 </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">     272 </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt">        7,832 </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="270" valign="top" style= "width:202.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="66" valign="bottom" style= "width:49.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="78" valign="bottom" style= "width:58.5pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> 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<div> <a name="_AUC58a16d143dc849e5892a8662a1783f6f">(D) Stockholders’ Equity</a>   Earnings per Share   For Southern Company, the only difference in computing basic and diluted earnings per share is attributable to exercised options and outstanding options under the stock option plan.  See Note 8 to the financial statements of Southern Company in Item 8 of the Form 10-K for further information on the stock option plan.  The effect of the stock options was determined using the treasury stock method.  Shares used to compute diluted earnings per share are as follows (in thousands):   <div align="center"> <table class="MsoTableGrid" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-yfti-tbllook: 480;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="148" valign="top" style= "width:110.7pt;padding:0in 5.4pt 0in 5.4pt">       </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2009 </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Three Months Ended June 30, 2008 </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2009 </td> <td width="108" valign="top" style= "width:81.0pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Six Months Ended June 30, 2008 </td> </tr> <tr style="mso-yfti-irow:1"> <td width="148" valign="bottom" style= "width:110.7pt;padding:0in 5.4pt 0in 5.4pt">  As reported shares </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;mso-border-top-alt: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 790,748 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;mso-border-top-alt: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 769,122 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;mso-border-top-alt: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 785,303 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;mso-border-top-alt: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 767,636 </td> </tr> <tr style="mso-yfti-irow:2"> <td width="148" valign="bottom" style= "width:110.7pt;padding:0in 5.4pt 0in 5.4pt">  Effect of options </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 1,320 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 4,018 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 1,562 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt"> 4,091 </td> </tr> <tr style="mso-yfti-irow:3;mso-yfti-lastrow:yes"> <td width="148" valign="bottom" style= "width:110.7pt;padding:0in 5.4pt 0in 5.4pt">  Diluted shares </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;mso-border-top-alt:solid windowtext 1.5pt;padding: 0in 5.4pt 0in 5.4pt"> 792,068 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;mso-border-top-alt:solid windowtext 1.5pt;padding: 0in 5.4pt 0in 5.4pt"> 773,140 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;mso-border-top-alt:solid windowtext 1.5pt;padding: 0in 5.4pt 0in 5.4pt"> 786,865 </td> <td width="108" valign="bottom" style= "width:81.0pt;border:none;border-bottom: solid windowtext 1.5pt;mso-border-top-alt:solid windowtext 1.5pt;padding: 0in 5.4pt 0in 5.4pt"> 771,727 </td> </tr> </table> </div>   The reduction in the effect of options for the three and six months ended June 30, 2009 compared to the corresponding periods in 2008 is primarily due to the anti-dilutive nature of certain stock options outstanding that have exercise prices that exceed the average stock price of Southern Company shares in the three and six months ended June 30, 2009.  At June 30, 2009, there were 37.8 million stock options that were not included in the diluted earnings per share calculation because they were anti-dilutive.  Assuming an average stock price of $38.01 (the highest exercise price of the anti-dilutive options outstanding), the effect of options for the three and six months ended June 30, 2009 would have increased by 3.5 million and 3.1 million shares, respectively.   Changes in Stockholders’ Equity   The following table presents year-to-date changes in stockholders’ equity of Southern Company:   <div align="center"> <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" width="582" style= "width:436.65pt;border-collapse:collapse;border:none;mso-border-alt: solid windowtext .5pt;mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext;mso-border-insidev:.5pt solid windowtext"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:3.0pt"> <td width="245" valign="top" style= "width:183.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt">   </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt">   Common Stockholders’ Equity </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt"> Preferred and Preference Stock of Subsidiaries </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt">   Total Stockholders’ Equity </td> </tr> <tr style="mso-yfti-irow:1"> <td width="245" valign="top" style= "width:183.85pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="110" valign="top" style= "width:82.65pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> <td width="119" valign="top" style= "width:89.3pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:2"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Balance at December 31, 2008 </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $13,276 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $707 </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $13,983 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Net income after dividends on preferred and preference stock </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt">   604 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt">   604 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other comprehensive income (loss) </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 16 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 16 </td> </tr> <tr style="mso-yfti-irow:5"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Stock issued </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 559 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 559 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Cash dividends on common stock </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (670) </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (670) </td> </tr> <tr style="mso-yfti-irow:7"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (1) </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (1) </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="245" valign="bottom" style= "width:183.85pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Balance at June 30, 2009 </td> <td width="110" valign="bottom" style= "width:82.65pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $13,784 </td> <td width="108" valign="bottom" style= "width:80.85pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $707 </td> <td width="119" valign="bottom" style= "width:89.3pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $14,491 </td> </tr> </table> </div>   <div align="center"> <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" width="582" style= "width:436.65pt;border-collapse:collapse;border:none;mso-border-alt: solid windowtext .5pt;mso-yfti-tbllook:480;mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext;mso-border-insidev:.5pt solid windowtext"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;height:3.0pt"> <td width="245" valign="top" style= "width:183.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt">   </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt">   Common Stockholders’ Equity </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt"> Preferred and Preference Stock of Subsidiaries </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:3.0pt">   Total Stockholders’ Equity </td> </tr> <tr style="mso-yfti-irow:1"> <td width="245" valign="top" style= "width:183.85pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="110" valign="top" style= "width:82.65pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt"> (in millions) </td> <td width="119" valign="top" style= "width:89.3pt;border:none;mso-border-top-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt">   </td> </tr> <tr style="mso-yfti-irow:2"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Balance at December 31, 2007 </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $12,385 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $707 </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> $13,092 </td> </tr> <tr style="mso-yfti-irow:3"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Net income after dividends on preferred and preference stock </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt">   776 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt">   - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt">   776 </td> </tr> <tr style="mso-yfti-irow:4"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other comprehensive income (loss) </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (14) </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (14) </td> </tr> <tr style="mso-yfti-irow:5"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Stock issued </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 260 </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> 260 </td> </tr> <tr style="mso-yfti-irow:6"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Cash dividends on common stock </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (630) </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (630) </td> </tr> <tr style="mso-yfti-irow:7"> <td width="245" valign="bottom" style= "width:183.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> Other </td> <td width="110" valign="bottom" style= "width:82.65pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (7) </td> <td width="108" valign="bottom" style= "width:80.85pt;border:none;padding:0in 5.4pt 0in 5.4pt"> - </td> <td width="119" valign="bottom" style= "width:89.3pt;border:none;padding:0in 5.4pt 0in 5.4pt"> (7) </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="245" valign="bottom" style= "width:183.85pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> Balance at June 30, 2008 </td> <td width="110" valign="bottom" style= "width:82.65pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $12,770 </td> <td width="108" valign="bottom" style= "width:80.85pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $707 </td> <td width="119" valign="bottom" style= "width:89.3pt;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:double windowtext 1.5pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:double windowtext 1.5pt; padding:0in 5.4pt 0in 5.4pt"> $13,477 </td> </tr> </table> </div> <style> /*<![CDATA[*/  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} table.MsoTableGrid {mso-style-name:"Table Grid"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext; mso-border-insidev:.5pt solid windowtext; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} /*]]>*/ </style> </div>