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SOUTHERN COMPANY ANNOUNCES JANUARY EARNINGS

 ATLANTA, Feb. 25 /PRNewswire/ -- "Our earnings for the first month of this year were down slightly from the same period in 1992, largely because of the mild winter weather," Southern Company President Ed Addison said today.
 Addison announced that earnings for January 1993 were $76 million or 24 cents a share -- down $6 million or 2 cents a share from the first month of 1992.
 Net income for the 12 months ending Jan. 31 was $947 million or $3.00 a share -- up $49 million or 15 cents a share from the comparable period a year ago.
 For the 12-month period ending Jan. 31, 1992, earnings were affected by a gain of $114 million or 36 cents a share from the settlement of a contract dispute with Gulf States Utilities in November 1991.
 The Southern Company (NYSE: SO) is the parent firm of five electric utilities: Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Savannah Electric. The Southern Company's common stock is one of the 20 most widely held corporate stocks in America.
 Reviewing operations, Addison said electricity use by retail customers in The Southern Company's service area decreased 0.7 percent during the first month of 1993. Industrial energy use increased 2.8 percent to 3.8 billion kilowatt-hours. Electricity consumption by commercial customers -- offices, stores, and other non-manufacturing firms -- gained 1.0 percent to 2.5 billion kilowatt-hours. In-home electricity needs were down 6.4 percent to 2.9 billion kilowatt-hours.
 Total sales of electricity to customers of The Southern Company -- including sales to other utilities -- were up 2.3 percent for the first month of 1993.
 THE SOUTHERN COMPANY AND SUBSIDIARIES
 Consolidated Condensed Income Data
 (Amounts in millions)
 Month ended January 1993 1992 Pct. chg.
 Operating revenues $ 612 $ 639 (4.2)
 Income before interest charges 141 154 (8.5)
 Consolidated net income 76 82 (7.5)
 Average number of shares of common
 stock outstanding 316 316 0.3
 Earnings per share of common
 stock $0.24 $0.26 (7.7)
 Kilowatt-hour sales:
 Retail sales 9,241 9,308 (0.7)
 Total sales 11,527 11,268 2.3
 12 mos. ended January 1993(a) 1992(a)(b)Pct. chg.
 Operating revenues $ 8,046 $ 8,062 (0.2)
 Income before interest charges 1,779 1,799 (1.1)
 Consolidated net income 947 898 5.4
 Average number of shares of common
 stock outstanding 316 316 0.1
 Earnings per share of common
 stock $3.00 $2.85 5.3
 Kilowatt-hour sales:
 Retail sales 113,178 111,531 1.5
 Total sales 142,243 143,033 (0.6)
 (a) Income before interest charges, consolidated net income and earnings per share include a settlement from Gulf States Utilities Company.
 (b) Income before interest charges, consolidated net income and earnings per share reflect a $33 million (10 cents per share) after-tax charge to income for the 12 months ended January 1992 for Georgia Power's separation benefits costs under a work force reduction plan.
 -0- 2/25/93
 /CONTACT: David Mould or Jennie Yates of The Southern Company, 404-455-1077/
 (SO)


CO: The Southern Company ST: Georgia IN: UTI SU: ERN

BR-BN -- AT004 -- 0306 02/25/93 10:31 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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