- Current report filing (8-K)
April 28 2010 - 8:55AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported)_______
April 28,
2010
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 18
th
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 names
and addresses of the registrants have not changed since the last
report.
This
combined Form 8-K is furnished separately by six registrants: The Southern
Company, Alabama Power Company, Georgia Power Company, Gulf Power Company,
Mississippi Power Company and Southern Power Company. Information
contained herein relating to each registrant is furnished by each registrant
solely on its own behalf. Each registrant makes no representation as
to information relating to the other registrants.
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
2.02 Results
of Operations and Financial Condition
The information in this Current Report
on Form 8-K, including the exhibits attached hereto, shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities under that
Section. Furthermore, such information, including the exhibits
attached hereto, shall not be deemed to be incorporated by reference in any
filing under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such filing.
On April 28, 2010, The Southern Company
(“Southern Company”) issued a press release regarding its earnings for the three
months ended March 31, 2010. A copy of this release is being
furnished as Exhibit 99.01 to this Current Report on Form 8-K. In
addition, certain additional information regarding the financial results for the
three months ended March 31, 2010 is being furnished as Exhibits 99.02 through
99.07 to this Current Report on Form 8-K.
Use
of Non-GAAP Financial Measures
Exhibits
99.01, 99.02, 99.03 and 99.04 to this Current Report on Form 8-K, in addition to
including earnings and earnings per share in accordance with generally accepted
accounting principles (“GAAP”) for the three months ended March 31, 2009, also
include earnings and earnings per share for such period excluding the charge
related to a settlement agreement with MC Asset Recovery, LLC (“MCAR”) to
resolve litigation arising out of the 2003 bankruptcy of Mirant Corporation
(“Mirant”), a Southern Company subsidiary until its April 2001 spin-off.
The charge related to the settlement agreement with MCAR significantly impacted
the presentation of earnings and earnings per share for the three months ended
March 31, 2009, and significant charges related to the Mirant spin-off are not
expected to occur in the future. Accordingly, Southern Company
believes the presentation of earnings and earnings per share excluding the
charge related to the MCAR settlement agreement is useful to investors because
it provides investors with additional information to evaluate the performance of
Southern Company’s ongoing business activities. Southern Company
management also uses earnings and earnings per share excluding the charge
related to the settlement agreement with MCAR to evaluate the performance of
Southern Company’s ongoing business activities. The presentation of this
additional information is not meant to be considered a substitute for financial
measures prepared in accordance with GAAP.
Exhibits
The exhibits hereto contain business
segment information for Alabama Power Company, Georgia Power Company, Gulf Power
Company, Mississippi Power Company and Southern Power
Company. Accordingly, this report is also being furnished on behalf
of each such registrant.
The following exhibits relate to the
three months ended March 31, 2010:
Exhibit
99.01
|
Press
Release.
|
Exhibit
99.02
|
Financial
Highlights.
|
Exhibit
99.03
|
Significant
Factors Impacting EPS.
|
Exhibit
99.04
|
EPS
Earnings Analysis.
|
Exhibit
99.05
|
Consolidated
Earnings.
|
Exhibit
99.06
|
Kilowatt-Hour
Sales.
|
Exhibit
99.07
|
Financial
Overview.
|
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, each of the registrants has duly caused this
report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: April
28, 2010
|
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/Melissa K.
Caen
Melissa K. Caen
Assistant Secretary
|
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