SECURITIES AND EXCHANGE COMMISSION

 

Washington, D. C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)         July 26, 2007 

 

Commission

File Number

Registrant, State of Incorporation,

Address and Telephone Number

I.R.S. Employer

Identification No.

 

 

 

1-3526

The Southern Company

(A Delaware Corporation)

30 Ivan Allen Jr. Blvd., N.W.

Atlanta, Georgia 30308

(404) 506-5000

58-0690070

1-3164

Alabama Power Company

(An Alabama Corporation)

600 North 18th Street

Birmingham, Alabama 35291

(205) 257-1000

63-0004250

1-6468

Georgia Power Company

(A Georgia Corporation)

241 Ralph McGill Boulevard, N.E.

Atlanta, Georgia 30308

(404) 506-6526

58-0257110

0-2429

Gulf Power Company

(A Florida Corporation)

One Energy Place

Pensacola, Florida 32520

(850) 444-6111

59-0276810

001-11229

Mississippi Power Company

(A Mississippi Corporation)

2992 West Beach

Gulfport, Mississippi 39501

(228) 864-1211

64-0205820

333-98553

Southern Power Company

(A Delaware Corporation)

30 Ivan Allen Jr. Blvd., N.W.

Atlanta, Georgia 30308

(404) 506-5000

58-2598670

 

The addresses of the registrants have not changed since the last report.

 

This combined Form 8-K is furnished separately by six registrants: The Southern Company, Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company and Southern Power Company. Information contained herein relating to each registrant is furnished by each registrant solely on its own behalf. Each registrant makes no representation as to information relating to the other registrants.

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 


 

 

 

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 


 

 

 

Item 2.02

Results of Operations and Financial Condition

 

The information in this Current Report on Form 8-K, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibits attached hereto, shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

 

On July 26, 2007, The Southern Company (“Southern Company”) issued a press release regarding its earnings for the periods ended June 30, 2007. A copy of this release is being furnished as Exhibit 99.01 to this Current Report on Form 8-K. In addition, certain additional information regarding the financial results for the three months and six months ended June 30, 2007 is being furnished as Exhibits 99.02 through 99.06 to this Current Report on Form 8-K.

 

Use of Non-GAAP Financial Measures

 

Exhibits 99.01, 99.02 and 99.03 to this Current Report on Form 8-K, in addition to including earnings and earnings per share in accordance with generally accepted accounting principles (“GAAP”) for the three and six months ended ended June 30, 2007 and June 30, 2006, also include earnings and earnings per share for such periods excluding the results of Southern Company’s synthetic fuel investments. Southern Company’s synthetic fuel investments generate tax credits as a result of synthetic fuel production. These tax credits will no longer be available after December 31, 2007. Southern Company management uses earnings per share, excluding synthetic fuel earnings, to evaluate the performance of Southern Company’s ongoing business activities. Southern Company believes the presentation of earnings and earnings per share excluding the results of the synthetic fuel investments also is useful for investors because it provides investors with additional information for purposes of comparing Southern Company’s performance for such periods. The presentation of this additional information is not meant to be considered a substitute for financial measures prepared in accordance with GAAP.

 

Exhibits

 

The exhibits hereto contain business segment information for Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company and Southern Power Company. Accordingly, this report is also being furnished on behalf of each such registrant.

 

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The following exhibits relate to the periods ended June 30, 2007:

 

Exhibit 99.01

Press Release.

Exhibit 99.02

Financial Highlights.

Exhibit 99.03

Significant Factors Impacting EPS.

Exhibit 99.04

Analysis of Consolidated Earnings.

Exhibit 99.05

Kilowatt-Hour Sales.

Exhibit 99.06

Financial Overview.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date:      July 26, 2007

THE SOUTHERN COMPANY

 

 

 

 

 

By                                    /s/W. Ron Hinson

W. Ron Hinson

Comptroller

 

 

 

ALABAMA POWER COMPANY

GEORGIA POWER COMPANY

GULF POWER COMPANY

MISSISSIPPI POWER COMPANY

SOUTHERN POWER COMPANY

 

 

 

 

 

 

By                                     /s/Wayne Boston

Wayne Boston

Assistant Secretary

 

 

 

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