XML 56 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Contingencies and Regulatory Matters - (Tables)
 3 Months Ended
Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Cost Recovery Clauses
The balance of each regulatory clause recovery on the balance sheet follows:
Regulatory Clause
Balance Sheet Line Item
March 31,
2018
December 31,
2017
 
 
(in millions)
Rate CNP Compliance
Deferred under recovered regulatory clause revenues
$
15

$
17

Rate CNP PPA
Deferred under recovered regulatory clause revenues
8

12

Retail Energy Cost Recovery
Deferred under recovered regulatory clause revenues
78

25

Natural Disaster Reserve
Other regulatory liabilities, deferred
38

38

Regulatory clause recovery balances included in the balance sheets are as follows:
Regulatory Clause
Balance Sheet Line Item
March 31,
2018
December 31,
2017
 
 
(in millions)
Fuel Cost Recovery
Under recovered regulatory clause revenues
$
4

$
22

Purchased Power Capacity Recovery
Under recovered regulatory clause revenues
4

2

Environmental Cost Recovery(*)
Under recovered regulatory clause revenues
2

2

(*)
At March 31, 2018 and December 31, 2017, the under recovered balance included in the balance sheets represents the current portion of the regulatory assets associated with projected environmental expenditures of approximately $12 million and $13 million, respectively, partially offset by the over recovered environmental cost recovery balance of approximately $10 million and $11 million, respectively.
Revised Cost and Schedule
Georgia Power's approximate proportionate share of the remaining estimated capital cost to complete Plant Vogtle Units 3 and 4 with in-service dates of November 2021 and November 2022, respectively, is as follows:
 
(in billions)
Project capital cost forecast
$
7.3

Net investment as of March 31, 2018
(3.7
)
Remaining estimate to complete
$
3.6

Note: Excludes financing costs capitalized through AFUDC and is net of $1.7 billion received from Toshiba in 2017 under the Guarantee Settlement Agreement and $188 million in Customer Refunds recognized as a regulatory liability in 2017.