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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 1,897 $ 1,404
Restricted cash and cash equivalents 7,963 0
Receivables —    
Customer accounts receivable 1,281 1,058
Unbilled revenues 590 397
Under recovered regulatory clause revenues 12 63
Income taxes receivable, current 0 144
Other accounts and notes receivable 247 398
Accumulated provision for uncollectible accounts (14) (13)
Fossil fuel stock, at average cost 798 868
Materials and supplies, at average cost 1,210 1,061
Vacation pay 181 178
Other regulatory assets, current 350 402
Prepaid expenses 563 495
Other current assets 71 71
Total current assets 15,149 6,526
Property, Plant, and Equipment:    
In service 78,112 75,118
Less accumulated provision for depreciation 24,778 24,253
Plant in service, net of depreciation 53,334 50,865
Other utility plant, net 174 233
Nuclear fuel, at amortized cost 934 934
Construction work in progress 9,451 9,082
Total property, plant, and equipment 63,893 61,114
Other Property and Investments:    
Goodwill 264 2
Other intangible assets, net of amortization 490 317
Nuclear decommissioning trusts, at fair value 1,578 1,512
Leveraged leases 763 755
Miscellaneous property and investments 230 166
Total other property and investments 3,325 2,752
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 1,580 1,560
Unamortized loss on reacquired debt 220 227
Other regulatory assets, deferred 5,460 4,989
Income taxes receivable, non-current 413 413
Other deferred charges and assets 833 737
Total deferred charges and other assets 8,506 7,926
Total Assets 90,873 78,318
Current Liabilities:    
Securities due within one year 2,724 2,674
Notes payable 1,372 1,376
Accounts payable —    
Accounts payable 1,493 1,905
Customer deposits 408 404
Accrued taxes —    
Accrued income taxes 13 19
Other accrued taxes 398 484
Accrued interest 289 249
Accrued vacation pay 229 228
Accrued compensation 335 549
Asset retirement obligations, current 349 217
Liabilities from risk management activities 95 156
Other regulatory liabilities, current 115 278
Other current liabilities 694 590
Total current liabilities 8,514 9,129
Long-term Debt:    
Total Long-term Debt 35,368 24,688
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 12,563 12,322
Deferred credits related to income taxes 183 187
Accumulated deferred investment tax credits 1,427 1,219
Employee benefit obligations 2,485 2,582
Asset retirement obligations, deferred 4,129 3,542
Unrecognized tax benefits 380 370
Other cost of removal obligations 1,154 1,162
Other regulatory liabilities, deferred 335 254
Other deferred credits and liabilities 724 720
Total deferred credits and other liabilities 23,380 22,358
Total Liabilities 67,262 56,175
Redeemable Preferred Stock of Subsidiaries 118 118
Redeemable Noncontrolling Interest 47 43
Common Stockholders' Equity:    
Common stock 4,708 4,572
Paid-in capital 7,499 6,282
Treasury, at cost (30) (142)
Retained earnings (accumulated deficit) 10,085 10,010
Accumulated other comprehensive income (loss) (247) (130)
Total common stockholders' equity 22,015 20,592
Preferred and Preference Stock of Subsidiaries 609 609
Noncontrolling Interests 822 781
Total Stockholders' Equity 23,446 21,982
Total Liabilities and Stockholders' Equity 90,873 78,318
Alabama Power [Member]    
Current Assets:    
Cash and cash equivalents 343 194
Receivables —    
Customer accounts receivable 357 332
Unbilled revenues 174 119
Under recovered regulatory clause revenues 7 43
Income taxes receivable, current 0 142
Other accounts and notes receivable 35 20
Affiliated companies 32 50
Accumulated provision for uncollectible accounts (9) (10)
Fossil fuel stock, at average cost 271 239
Materials and supplies, at average cost 412 398
Vacation pay 66 66
Other regulatory assets, current 87 115
Prepaid expenses 100 83
Other current assets 10 10
Total current assets 1,885 1,801
Property, Plant, and Equipment:    
In service 25,572 24,750
Less accumulated provision for depreciation 8,889 8,736
Plant in service, net of depreciation 16,683 16,014
Nuclear fuel, at amortized cost 368 363
Construction work in progress 423 801
Total property, plant, and equipment 17,474 17,178
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 69 71
Nuclear decommissioning trusts, at fair value 759 737
Miscellaneous property and investments 101 96
Total other property and investments 929 904
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 519 522
Deferred under recovered regulatory clause revenues 136 99
Other regulatory assets, deferred 1,100 1,114
Other deferred charges and assets 113 103
Total deferred charges and other assets 1,868 1,838
Total Assets 22,156 21,721
Current Liabilities:    
Securities due within one year 200 200
Accounts payable —    
Affiliated accounts payable 293 278
Other accounts payable 294 410
Customer deposits 88 88
Accrued taxes —    
Accrued income taxes 10 0
Other accrued taxes 93 38
Accrued interest 80 73
Accrued vacation pay 55 55
Accrued compensation 72 119
Liabilities from risk management activities 17 55
Other regulatory liabilities, current 81 240
Other current liabilities 41 39
Total current liabilities 1,324 1,595
Long-term Debt:    
Total Long-term Debt 6,894 6,654
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,413 4,241
Deferred credits related to income taxes 68 70
Accumulated deferred investment tax credits 114 118
Employee benefit obligations 360 388
Asset retirement obligations, deferred 1,502 1,448
Other cost of removal obligations 699 722
Other regulatory liabilities, deferred 106 136
Deferred over recovered regulatory clause revenues 102 0
Other deferred credits and liabilities 69 76
Total deferred credits and other liabilities 7,433 7,199
Total Liabilities 15,651 15,448
Redeemable Preferred Stock 85 85
Preference Stock 196 196
Common Stockholders' Equity:    
Common stock 1,222 1,222
Paid-in capital 2,589 2,341
Retained earnings (accumulated deficit) 2,445 2,461
Accumulated other comprehensive income (loss) (32) (32)
Total common stockholders' equity 6,224 5,992
Total Liabilities and Stockholders' Equity 22,156 21,721
Georgia Power [Member]    
Current Assets:    
Cash and cash equivalents 121 67
Receivables —    
Customer accounts receivable 592 541
Unbilled revenues 293 188
Joint owner accounts receivable 51 227
Income taxes receivable, current 0 114
Other accounts and notes receivable 52 57
Affiliated companies 16 18
Accumulated provision for uncollectible accounts (2) (2)
Fossil fuel stock, at average cost 340 402
Materials and supplies, at average cost 477 449
Vacation pay 93 91
Other regulatory assets, current 123 123
Prepaid income taxes 157 156
Other current assets 55 92
Total current assets 2,368 2,523
Property, Plant, and Equipment:    
In service 33,045 31,841
Less accumulated provision for depreciation 11,087 10,903
Plant in service, net of depreciation 21,958 20,938
Other utility plant, net 174 171
Nuclear fuel, at amortized cost 566 572
Construction work in progress 4,655 4,775
Total property, plant, and equipment 27,353 26,456
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 62 64
Nuclear decommissioning trusts, at fair value 819 775
Miscellaneous property and investments 42 43
Total other property and investments 923 882
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 677 679
Other regulatory assets, deferred 2,524 2,152
Other deferred charges and assets 170 173
Total deferred charges and other assets 3,371 3,004
Total Assets 34,015 32,865
Current Liabilities:    
Securities due within one year 658 712
Notes payable 197 158
Accounts payable —    
Affiliated accounts payable 407 411
Other accounts payable 541 750
Customer deposits 268 264
Accrued taxes —    
Accrued income taxes 0 12
Other accrued taxes 199 325
Accrued interest 107 99
Accrued vacation pay 64 62
Accrued compensation 88 142
Asset retirement obligations, current 323 179
Other current liabilities 299 181
Total current liabilities 3,151 3,295
Long-term Debt:    
Total Long-term Debt 10,120 9,616
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 5,788 5,627
Deferred credits related to income taxes 104 105
Accumulated deferred investment tax credits 199 204
Employee benefit obligations 901 949
Asset retirement obligations, deferred 2,249 1,737
Other deferred credits and liabilities 302 347
Total deferred credits and other liabilities 9,543 8,969
Total Liabilities 22,814 21,880
Redeemable Preferred Stock 45 45
Preference Stock 221 221
Common Stockholders' Equity:    
Common stock 398 398
Paid-in capital 6,527 6,275
Retained earnings (accumulated deficit) 4,024 4,061
Accumulated other comprehensive income (loss) (14) (15)
Total common stockholders' equity 10,935 10,719
Total Liabilities and Stockholders' Equity 34,015 32,865
Gulf Power [Member]    
Current Assets:    
Cash and cash equivalents 46 74
Receivables —    
Customer accounts receivable 81 76
Unbilled revenues 77 54
Under recovered regulatory clause revenues 5 20
Income taxes receivable, current 0 27
Other accounts and notes receivable 3 9
Affiliated companies 10 1
Accumulated provision for uncollectible accounts (1) (1)
Fossil fuel stock, at average cost 74 108
Materials and supplies, at average cost 56 56
Other regulatory assets, current 65 90
Other current assets 17 22
Total current assets 433 536
Property, Plant, and Equipment:    
In service 5,032 5,045
Less accumulated provision for depreciation 1,351 1,296
Plant in service, net of depreciation 3,681 3,749
Other utility plant, net 0 62
Construction work in progress 68 48
Total property, plant, and equipment 3,749 3,859
Other Property and Investments:    
Total other property and investments 4 4
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 60 61
Other regulatory assets, deferred 523 427
Other deferred charges and assets 49 33
Total deferred charges and other assets 632 521
Total Assets 4,818 4,920
Current Liabilities:    
Securities due within one year 195 110
Notes payable 187 142
Accounts payable —    
Affiliated accounts payable 46 55
Other accounts payable 44 44
Customer deposits 36 36
Accrued taxes —    
Accrued income taxes 5 4
Other accrued taxes 25 9
Accrued interest 8 9
Accrued compensation 13 25
Deferred capacity expense, current 22 22
Liabilities from risk management activities 32 49
Other regulatory liabilities, current 19 22
Other current liabilities 30 40
Total current liabilities 662 567
Long-term Debt:    
Total Long-term Debt 987 1,193
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 905 893
Employee benefit obligations 126 129
Deferred capacity expense 130 141
Asset retirement obligations, deferred 128 113
Other cost of removal obligations 237 233
Other regulatory liabilities, deferred 46 47
Other deferred credits and liabilities 90 102
Total deferred credits and other liabilities 1,662 1,658
Total Liabilities 3,311 3,418
Preference Stock 147 147
Common Stockholders' Equity:    
Common stock 503 503
Paid-in capital 573 567
Retained earnings (accumulated deficit) 288 285
Accumulated other comprehensive income (loss) (4) 0
Total common stockholders' equity 1,360 1,355
Total Liabilities and Stockholders' Equity 4,818 4,920
Mississippi Power [Member]    
Current Assets:    
Cash and cash equivalents 137 98
Receivables —    
Customer accounts receivable 35 26
Unbilled revenues 46 36
Income taxes receivable, current 0 20
Other accounts and notes receivable 5 10
Affiliated companies 12 20
Fossil fuel stock, at average cost 99 104
Materials and supplies, at average cost 77 75
Other regulatory assets, current 97 95
Prepaid income taxes 5 39
Other current assets 7 8
Total current assets 520 531
Property, Plant, and Equipment:    
In service 4,809 4,886
Less accumulated provision for depreciation 1,248 1,262
Plant in service, net of depreciation 3,561 3,624
Construction work in progress 2,429 2,254
Total property, plant, and equipment 5,990 5,878
Other Property and Investments:    
Total other property and investments 11 11
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 317 290
Other regulatory assets, deferred 520 525
Income taxes receivable, non-current 544 544
Other deferred charges and assets 85 61
Total deferred charges and other assets 1,466 1,420
Total Assets 7,987 7,840
Current Liabilities:    
Securities due within one year 343 728
Notes payable 25 500
Accounts payable —    
Affiliated accounts payable 87 85
Other accounts payable 120 135
Customer deposits 16 16
Accrued taxes —    
Accrued income taxes 57 0
Other accrued taxes 48 85
Accrued interest 19 18
Accrued compensation 14 26
Asset retirement obligations, current 21 22
Over recovered regulatory clause liabilities 100 96
Customer liability associated with Kemper refunds 5 73
Other current liabilities 41 52
Total current liabilities 896 1,836
Long-term Debt:    
Long-term Debt, Affiliated 551 576
Long-term debt, non-affiliated 2,164 1,310
Total Long-term Debt 2,715 1,886
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 773 762
Deferred credits related to income taxes 8 8
Accumulated deferred investment tax credits 5 5
Employee benefit obligations 148 153
Asset retirement obligations, deferred 157 154
Unrecognized tax benefits 368 368
Other cost of removal obligations 169 165
Other regulatory liabilities, deferred 74 71
Other deferred credits and liabilities 40 40
Total deferred credits and other liabilities 1,742 1,726
Total Liabilities 5,353 5,448
Redeemable Preferred Stock 33 33
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 3,122 2,893
Retained earnings (accumulated deficit) (553) (566)
Accumulated other comprehensive income (loss) (6) (6)
Total common stockholders' equity 2,601 2,359
Total Liabilities and Stockholders' Equity 7,987 7,840
Southern Power [Member]    
Current Assets:    
Cash and cash equivalents 1,022 830
Receivables —    
Customer accounts receivable 115 75
Other accounts and notes receivable 23 19
Affiliated companies 60 30
Fossil fuel stock, at average cost 14 16
Materials and supplies, at average cost 120 63
Prepaid income taxes 192 45
Other current assets 31 30
Total current assets 1,577 1,108
Property, Plant, and Equipment:    
In service 8,348 7,275
Less accumulated provision for depreciation 1,374 1,248
Plant in service, net of depreciation 6,974 6,027
Construction work in progress 1,852 1,137
Total property, plant, and equipment 8,826 7,164
Other Property and Investments:    
Goodwill 2 2
Other intangible assets, net of amortization 316 317
Total other property and investments 318 319
Deferred Charges and Other Assets:    
Prepaid long-term service agreements 165 166
Other deferred charges and assets -- affiliated 23 9
Other deferred charges and assets 173 139
Total deferred charges and other assets 361 314
Total Assets 11,082 8,905
Current Liabilities:    
Securities due within one year 403 403
Notes payable 831 137
Accounts payable —    
Affiliated accounts payable 80 66
Other accounts payable 175 327
Accrued taxes —    
Accrued income taxes 9 198
Other accrued taxes 16 5
Accrued interest 22 23
Contingent consideration 23 36
Other current liabilities 69 44
Total current liabilities 1,628 1,239
Long-term Debt:    
Total Long-term Debt 3,929 2,719
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 524 601
Accumulated deferred investment tax credits 1,107 889
Accrued income taxes, non-current 109 109
Asset retirement obligations, deferred 28 21
Deferred capacity revenues -- affiliated 7 17
Other deferred credits and liabilities 105 3
Total deferred credits and other liabilities 1,880 1,640
Total Liabilities 7,437 5,598
Redeemable Noncontrolling Interest 47 43
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 2,121 1,822
Retained earnings (accumulated deficit) 661 657
Accumulated other comprehensive income (loss) (6) 4
Total common stockholders' equity 2,776 2,483
Noncontrolling Interests, Total 822 781
Total Stockholders' Equity 3,598 3,264
Total Liabilities and Stockholders' Equity $ 11,082 $ 8,905