Financing (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Credit arrangements by company

The table below summarizes each Project Credit Facility as of September 30, 2016.

Project	Maturity Date	Construction Loan Facility		Bridge Loan Facility		Total Loan Facility		Loan Facility Undrawn		Letter of Credit Facility		Letter of Credit Facility Undrawn
		(in millions)
Garland	Earlier of PPA COD or November 30, 2016	$	86	$	308	$	394	$	21	$	49	$	23
Roserock	Earlier of PPA COD or November 30, 2016(*)	63		180		243		34		23		16
Tranquillity	October 14, 2016	86		172		258		12		77		26
Total		$	235	$	660	$	895	$	67	$	149	$	65

(*) Subsequent to September 30, 2016, Roserock extended the maturity date of its Project Credit Facility to December 31, 2016.

The following table outlines the committed credit arrangements by company as of September 30, 2016:

	Expires												Executable Term Loans				Due Within One Year
Company	2016		2017		2018		2020		Total		Unused		One Year		Two Years		Term Out		No Term Out
	(in millions)								(in millions)				(in millions)				(in millions)
Southern Company(a)	$	—	$	—	$	1,000	$	1,250	$	2,250	$	2,250	$	—	$	—	$	—	$	—
Alabama Power	—		35		500		800		1,335		1,335		—		—		—		35
Georgia Power	—		—		—		1,750		1,750		1,732		—		—		—		—
Gulf Power	50		65		165		—		280		280		45		—		45		70
Mississippi Power	100		75		—		—		175		150		—		15		15		160
Southern Power Company(b)	—		—		—		600		600		532		—		—		—		—
Southern Company Gas(c)	—		75		1,925		—		2,000		1,947		—		—		—		—
Other	—		55		—		—		55		55		20		—		20		35
Southern Company Consolidated	$	150	$	305	$	3,590	$	4,400	$	8,445	$	8,281	$	65	$	15	$	80	$	300

(a) Represents the Southern Company parent entity.

(b) Excluding its subsidiaries. See "Southern Power Project Credit Facilities" below and Note (I) under "Southern Power" for additional information.

(c) Southern Company Gas guarantees the obligations of Southern Company Gas Capital, which is the borrower of $1.3 billion of these arrangements. Southern Company Gas' committed credit arrangements also include $700 million restricted for working capital needs of Nicor Gas.

Schedule of Long-term Debt Financing Activities

The following table outlines the long-term debt financing activities for Southern Company and its subsidiaries for the first nine months of 2016:

Company	Senior Note Issuances		Senior Note Maturities and Redemptions		Revenue Bond Maturities Redemptions and Repurchases		Other Long-Term Debt Issuances			Other Long-Term Debt Redemptions and Maturities(a)
	(in millions)
Southern Company(b)	$	8,500	$	500	$	—	$	800		$	—
Alabama Power	400		200		—		45			—
Georgia Power	650		700		4		300			5
Gulf Power	—		125		—		2			—
Mississippi Power	—		—		—		1,100			652
Southern Power	1,531		—		—		63			84
Southern Company Gas(c)	900		300		—		—			—
Other	—		—		—		—			60
Elimination(d)	—		—		—		(200		)	(225		)
Southern Company Consolidated	$	11,981	$	1,825	$	4	$	2,110		$	576

(a) Includes reductions in capital lease obligations resulting from cash payments under capital leases.

(b) Represents the Southern Company parent entity.

(c) Reflects only long-term debt financing activities occurring subsequent to completion of the Merger. The senior notes were issued by Southern Company Gas Capital and guaranteed by Southern Company Gas.

(d) Intercompany loans from Southern Company to Mississippi Power eliminated in Southern Company's Consolidated Financial Statements.