ATLANTA – Southern Company plans to release its fourth quarter and 2002 full-year earnings at 7:30 a.m. EST Monday, Jan. 27.

Allen Franklin, chairman, president and chief executive officer, and Gale Klappa, chief financial officer, will conduct a conference call for financial analysts at 1 p.m. EST Monday, Jan. 27.

Investors, media and the public may listen to a live Internet Webcast of the conference call at www.southerncompany.com by clicking on the appropriate audio link. A replay of the Webcast will be available at the same site for 10 days.

With 4 million customers and nearly 37,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states, a growing competitive generation company, an energy services business and a competitive retail natural gas business, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are 15 percent below the national average. Southern Company has been named No. 1 on Fortune magazine’s 2002 “America’s Most Admired Companies” list in the Electric and Gas Utility industry. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States. Visit the Southern Company Web site at www.southerncompany.com.

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