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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues:        
Retail revenues $ 4,808 $ 4,701 $ 11,932 $ 11,958
Wholesale revenues 613 520 1,455 1,435
Other electric revenues 181 169 529 494
Natural gas revenues 518 0 518 0
Other revenues 144 11 281 34
Total operating revenues 6,264 5,401 14,715 13,921
Operating Expenses:        
Fuel 1,400 1,520 3,334 3,932
Purchased power 227 193 581 507
Cost of natural gas 133 0 133 0
Cost of sales 84 0 161 0
Other operations and maintenance 1,411 1,097 3,616 3,320
Depreciation and amortization 695 528 1,805 1,515
Taxes other than income taxes 309 264 821 761
Estimated loss on Kemper IGCC 88 150 222 182
Total operating expenses 4,347 3,752 10,673 10,217
Operating Income (Loss) 1,917 1,649 4,042 3,704
Other Income and (Expense):        
Allowance for equity funds used during construction 52 60 150 163
Interest expense, net of amounts capitalized (374) (218) (913) (612)
Other income (expense), net 21 (21) (38) (41)
Total other income and (expense) (301) (179) (801) (490)
Earnings (Loss) Before Income Taxes 1,616 1,470 3,241 3,214
Income taxes (benefit) 448 500 942 1,076
Net Income (Loss) 1,168 970 2,299 2,138
Dividends on preferred and preference stock of subsidiaries 11 11 34 42
Less: Net income attributable to noncontrolling interests 27 0 39 0
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries $ 1,130 $ 959 $ 2,226 $ 2,096
Earnings per share (EPS) -        
Basic EPS (in dollars per share) $ 1.17 $ 1.05 $ 2.37 $ 2.30
Diluted EPS (in dollars per share) $ 1.16 $ 1.05 $ 2.36 $ 2.30
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 968 910 940 910
Diluted (in shares) 975 912 945 913
Cash dividends paid per share of common stock (in dollars per share) $ 0.56 $ 0.5425 $ 1.6625 $ 1.61
Alabama Power [Member]        
Operating Revenues:        
Retail revenues $ 1,629 $ 1,558 $ 4,139 $ 4,151
Wholesale revenues, non-affiliates 82 65 211 188
Wholesale revenues, affiliates 18 20 49 55
Other revenues 56 52 162 157
Total operating revenues 1,785 1,695 4,561 4,551
Operating Expenses:        
Fuel 410 408 973 1,061
Purchased power, non-affiliates 63 56 139 142
Purchased power, affiliates 41 51 129 153
Other operations and maintenance 348 371 1,097 1,140
Depreciation and amortization 177 163 524 481
Taxes other than income taxes 96 91 286 275
Total operating expenses 1,135 1,140 3,148 3,252
Operating Income (Loss) 650 555 1,413 1,299
Other Income and (Expense):        
Allowance for equity funds used during construction 7 14 23 43
Interest expense, net of amounts capitalized (77) (71) (224) (205)
Other income (expense), net (5) (7) (16) (24)
Total other income and (expense) (75) (64) (217) (186)
Earnings (Loss) Before Income Taxes 575 491 1,196 1,113
Income taxes (benefit) 221 192 466 427
Net Income (Loss) 354 299 730 686
Dividends on preferred and preference stock of subsidiaries 4 4 13 21
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 350 295 717 665
Georgia Power [Member]        
Operating Revenues:        
Retail revenues 2,540 2,537 6,164 6,223
Wholesale revenues, non-affiliates 49 55 131 173
Wholesale revenues, affiliates 9 5 24 18
Other revenues 100 94 302 271
Total operating revenues 2,698 2,691 6,621 6,685
Operating Expenses:        
Fuel 575 706 1,390 1,735
Purchased power, non-affiliates 102 90 277 227
Purchased power, affiliates 142 148 392 411
Other operations and maintenance 496 462 1,393 1,405
Depreciation and amortization 215 214 639 633
Taxes other than income taxes 114 107 311 302
Total operating expenses 1,644 1,727 4,402 4,713
Operating Income (Loss) 1,054 964 2,219 1,972
Other Income and (Expense):        
Allowance for equity funds used during construction     36 24
Interest expense, net of amounts capitalized (98) (90) (290) (272)
Other income (expense), net 11 18 35 34
Total other income and (expense) (87) (72) (255) (238)
Earnings (Loss) Before Income Taxes 967 892 1,964 1,734
Income taxes (benefit) 365 337 737 657
Net Income (Loss) 602 555 1,227 1,077
Dividends on preferred and preference stock of subsidiaries 4 4 13 13
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 598 551 1,214 1,064
Gulf Power [Member]        
Operating Revenues:        
Retail revenues 377 363 978 983
Wholesale revenues, non-affiliates 17 30 48 82
Wholesale revenues, affiliates 23 17 59 52
Other revenues 19 19 51 53
Total operating revenues 436 429 1,136 1,170
Operating Expenses:        
Fuel 141 143 342 375
Purchased power, non-affiliates 33 26 95 76
Purchased power, affiliates 3 4 9 22
Other operations and maintenance 86 90 239 274
Depreciation and amortization 49 40 129 100
Taxes other than income taxes 34 35 93 91
Total operating expenses 346 338 907 938
Operating Income (Loss) 90 91 229 232
Other Income and (Expense):        
Interest expense, net of amounts capitalized (11) (12) (36) (38)
Other income (expense), net (2) 2 (4) 8
Total other income and (expense) (13) (10) (40) (30)
Earnings (Loss) Before Income Taxes 77 81 189 202
Income taxes (benefit) 30 31 74 75
Net Income (Loss) 47 50 115 127
Dividends on preferred and preference stock of subsidiaries 2 2 7 7
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 45 48 108 120
Mississippi Power [Member]        
Operating Revenues:        
Retail revenues 263 244 652 601
Wholesale revenues, non-affiliates 78 76 198 216
Wholesale revenues, affiliates 7 18 23 63
Other revenues 4 3 12 13
Total operating revenues 352 341 885 893
Operating Expenses:        
Fuel 112 130 268 359
Purchased power, non-affiliates 3 1 4 5
Purchased power, affiliates 5 1 14 6
Other operations and maintenance 74 63 211 206
Depreciation and amortization 30 38 114 95
Taxes other than income taxes 31 24 81 71
Estimated loss on Kemper IGCC 88 150 222 182
Total operating expenses 343 407 914 924
Operating Income (Loss) 9 (66) (29) (31)
Other Income and (Expense):        
Allowance for equity funds used during construction 31 29 90 82
Interest expense, net of amounts capitalized (15) (13) (46) 6
Other income (expense), net (1) (2) (4) (5)
Total other income and (expense) 15 14 40 83
Earnings (Loss) Before Income Taxes 24 (52) 11 52
Income taxes (benefit) (2) (31) (29) (11)
Net Income (Loss) 26 (21) 40 63
Dividends on preferred and preference stock of subsidiaries 0 0 1 1
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 26 (21) 39 62
Southern Power [Member]        
Operating Revenues:        
Wholesale revenues, non-affiliates 387 295 866 776
Wholesale revenues, affiliates 110 104 313 303
Other revenues 3 2 10 7
Total operating revenues 500 401 1,189 1,086
Operating Expenses:        
Fuel 154 118 341 361
Purchased power, non-affiliates 25 17 60 52
Purchased power, affiliates 8 5 16 18
Other operations and maintenance 81 62 246 184
Depreciation and amortization 93 64 247 183
Taxes other than income taxes 5 6 17 17
Total operating expenses 366 272 927 815
Operating Income (Loss) 134 129 262 271
Other Income and (Expense):        
Interest expense, net of amounts capitalized (35) (18) (78) (62)
Other income (expense), net 2 1 3 1
Total other income and (expense) (33) (17) (75) (61)
Earnings (Loss) Before Income Taxes 101 112 187 210
Income taxes (benefit) (102) 1 (167) 14
Net Income (Loss) 203 111 354 196
Less: Net income attributable to noncontrolling interests 27 9 39 15
Net income attributable to Southern Power Company $ 176 $ 102 $ 315 $ 181