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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 2,284 $ 2,130
Receivables —    
Customer accounts receivable 1,683 1,806
Energy marketing receivables 448 607
Unbilled revenues 777 810
Under recovered fuel clause revenues 156 171
Other accounts and notes receivable 703 698
Accumulated provision for uncollectible accounts (54) (44)
Materials and supplies 1,430 1,438
Fossil fuel for generation 565 594
Natural gas for sale 235 595
Prepaid expenses 432 452
Other regulatory assets, current 579 604
Other current assets 286 211
Total current assets 9,524 10,072
Property, Plant, and Equipment:    
In service 104,499 103,542
Less: Accumulated depreciation 31,920 31,457
Plant in service, net of depreciation 72,579 72,085
Nuclear fuel, at amortized cost 908 883
Construction work in progress 7,460 6,904
Total property, plant, and equipment 80,947 79,872
Other Property and Investments:    
Goodwill 6,226 6,268
Equity investments in unconsolidated subsidiaries 1,542 1,513
Other intangible assets, net of amortization 848 873
Nuclear decommissioning trusts, at fair value 1,827 1,832
Leveraged leases 781 775
Miscellaneous property and investments 250 249
Total other property and investments 11,474 11,510
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 818 825
Unamortized loss on reacquired debt 203 206
Other regulatory assets, deferred 6,948 6,943
Other deferred charges and assets 1,653 1,577
Total deferred charges and other assets 9,622 9,551
Total Assets 111,567 111,005
Current Liabilities:    
Securities due within one year 3,235 3,892
Notes payable 4,271 2,439
Energy marketing trade payables 437 546
Accounts payable —    
Accounts payable 2,089 2,530
Customer deposits 530 542
Accrued taxes —    
Unrecognized tax benefits 0  
Accrued taxes 368 636
Accrued interest 432 488
Accrued compensation 493 959
Asset retirement obligations, current 301 351
Other regulatory liabilities, current 551 337
Other current liabilities 923 874
Total current liabilities 13,630 13,594
Long-term Debt 44,446 44,462
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 6,930 6,842
Deferred credits related to income taxes 7,179 7,256
Accumulated deferred ITCs 2,362 2,267
Employee benefit obligations 2,206 2,256
Asset retirement obligations, deferred 4,536 4,473
Accrued environmental remediation 378 389
Other cost of removal obligations 2,667 2,684
Other regulatory liabilities, deferred 224 239
Other deferred credits and liabilities 660 691
Total deferred credits and other liabilities 27,142 27,097
Total Liabilities 85,218 85,153
Redeemable Preferred Stock of Subsidiaries 324 324
Common Stockholders' Equity:    
Par value 5,054 5,038
Paid-in capital 10,603 10,469
Treasury, at cost (38) (36)
Retained earnings (accumulated deficit) 9,257 8,885
Accumulated other comprehensive income (loss) (200) (189)
Total Common Stockholders' Equity 24,676 24,167
Noncontrolling Interests 1,349 1,361
Total Stockholders' Equity 26,025 25,528
Total Liabilities and Stockholders' Equity 111,567 111,005
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 653 544
Receivables —    
Customer accounts receivable 345 355
Unbilled revenues 131 162
Other accounts and notes receivable 36 55
Affiliated 57 43
Accumulated provision for uncollectible accounts (10) (9)
Materials and supplies 492 458
Fossil fuel for generation 165 184
Prepaid expenses 133 85
Other regulatory assets, current 131 124
Other current assets 3 5
Total current assets 2,136 2,006
Property, Plant, and Equipment:    
In service 27,520 27,326
Less: Accumulated depreciation 9,693 9,563
Plant in service, net of depreciation 17,827 17,763
Nuclear fuel, at amortized cost 358 339
Construction work in progress 1,126 908
Total property, plant, and equipment 19,311 19,010
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 66 67
Nuclear decommissioning trusts, at fair value 897 903
Miscellaneous property and investments 123 124
Total other property and investments 1,086 1,094
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 233 239
Deferred under recovered regulatory clause revenues 101 54
Other regulatory assets, deferred 1,257 1,272
Other deferred charges and assets 193 189
Total deferred charges and other assets 1,784 1,754
Total Assets 24,317 23,864
Current Liabilities:    
Securities due within one year 200 0
Notes payable 248 3
Accounts payable —    
Affiliated 251 327
Other 398 585
Customer deposits 94 92
Accrued taxes —    
Accrued taxes 77 54
Accrued interest 65 77
Accrued compensation 96 205
Other regulatory liabilities, current 59 1
Other current liabilities 57 56
Total current liabilities 1,545 1,400
Long-term Debt 7,429 7,628
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 2,792 2,760
Deferred credits related to income taxes 2,067 2,082
Accumulated deferred ITCs 111 112
Employee benefit obligations 297 304
Asset retirement obligations, deferred 1,709 1,702
Other cost of removal obligations 596 609
Other regulatory liabilities, deferred 75 84
Other deferred credits and liabilities 70 63
Total deferred credits and other liabilities 7,717 7,716
Total Liabilities 16,691 16,744
Redeemable Preferred Stock 291 291
Common Stockholders' Equity:    
Par value 1,222 1,222
Paid-in capital 3,474 2,986
Retained earnings (accumulated deficit) 2,670 2,647
Accumulated other comprehensive income (loss) (31) (26)
Total Common Stockholders' Equity 7,335 6,829
Total Liabilities and Stockholders' Equity 24,317 23,864
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 1,158 852
Receivables —    
Customer accounts receivable 471 544
Unbilled revenues 189 255
Under recovered fuel clause revenues 156 165
Joint owner accounts receivable 226 262
Other accounts and notes receivable 77 76
Affiliated 24 24
Accumulated provision for uncollectible accounts (2) (3)
Materials and supplies 499 504
Fossil fuel for generation 290 314
Prepaid expenses 117 216
Other regulatory assets, current 198 205
Other current assets 39 14
Total current assets 3,442 3,428
Property, Plant, and Equipment:    
In service 35,177 34,861
Less: Accumulated depreciation 11,818 11,704
Plant in service, net of depreciation 23,359 23,157
Nuclear fuel, at amortized cost 550 544
Construction work in progress 4,800 4,613
Total property, plant, and equipment 28,709 28,314
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 52 53
Nuclear decommissioning trusts, at fair value 930 929
Miscellaneous property and investments 59 59
Total other property and investments 1,041 1,041
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 517 516
Other regulatory assets, deferred 2,940 2,932
Other deferred charges and assets 550 548
Total deferred charges and other assets 4,007 3,996
Total Assets 37,199 36,779
Current Liabilities:    
Securities due within one year 757 857
Notes payable 0 150
Accounts payable —    
Affiliated 349 493
Other 742 834
Customer deposits 273 270
Accrued taxes —    
Accrued income taxes 129 344
Accrued interest 110 123
Accrued compensation 110 219
Asset retirement obligations, current 213 270
Other regulatory liabilities, current 232 191
Other current liabilities 215 198
Total current liabilities 3,130 3,949
Long-term Debt 10,797 11,073
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,140 3,175
Deferred credits related to income taxes 3,219 3,248
Accumulated deferred ITCs 269 248
Employee benefit obligations 651 659
Asset retirement obligations, deferred 2,425 2,368
Other deferred credits and liabilities 148 128
Total deferred credits and other liabilities 9,852 9,826
Total Liabilities 23,779 24,848
Common Stockholders' Equity:    
Par value 398 398
Paid-in capital 8,805 7,328
Retained earnings (accumulated deficit) 4,228 4,215
Accumulated other comprehensive income (loss) (11) (10)
Total Common Stockholders' Equity 13,420 11,931
Total Liabilities and Stockholders' Equity 37,199 36,779
GULF POWER CO    
Current Assets:    
Cash and cash equivalents 39 28
Receivables —    
Customer accounts receivable 72 76
Unbilled revenues 53 67
Under recovered fuel clause revenues 10 27
Other accounts and notes receivable 5 7
Affiliated 6 14
Accumulated provision for uncollectible accounts (1) (1)
Materials and supplies 59 57
Fossil fuel for generation 77 63
Other regulatory assets, current 53 56
Other current assets 12 21
Total current assets 385 415
Property, Plant, and Equipment:    
In service 5,227 5,196
Less: Accumulated depreciation 1,494 1,461
Plant in service, net of depreciation 3,733 3,735
Construction work in progress 123 91
Total property, plant, and equipment 3,856 3,826
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 30 31
Other regulatory assets, deferred 493 502
Other deferred charges and assets 26 23
Total deferred charges and other assets 549 556
Total Assets 4,790 4,797
Current Liabilities:    
Notes payable 61 45
Accounts payable —    
Affiliated 45 52
Other 66 75
Customer deposits 35 35
Accrued taxes —    
Accrued taxes 22 10
Accrued interest 20 9
Accrued compensation 17 39
Deferred capacity expense, current 22 22
Asset retirement obligations, current 39 37
Other regulatory liabilities, current 72 0
Other current liabilities 26 27
Total current liabilities 425 351
Long-term Debt 1,285 1,285
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 536 537
Deferred credits related to income taxes 386 458
Employee benefit obligations 100 102
Deferred capacity expense 92 97
Asset retirement obligations, deferred 105 105
Other cost of removal obligations 215 221
Other regulatory liabilities, deferred 42 43
Other deferred credits and liabilities 68 67
Total deferred credits and other liabilities 1,544 1,630
Total Liabilities 3,254 3,266
Common Stockholders' Equity:    
Par value 678 678
Paid-in capital 597 594
Retained earnings (accumulated deficit) 262 259
Accumulated other comprehensive income (loss) (1) 0
Total Common Stockholders' Equity 1,536 1,531
Total Liabilities and Stockholders' Equity 4,790 4,797
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 125 248
Receivables —    
Customer accounts receivable 26 36
Unbilled revenues 35 41
Income taxes receivable, current 144 4
Other accounts and notes receivable 9 12
Affiliated 25 16
Materials and supplies 51 44
Fossil fuel for generation 21 17
Other regulatory assets, current 123 125
Other current assets 2 9
Total current assets 561 552
Property, Plant, and Equipment:    
In service 4,780 4,773
Less: Accumulated depreciation 1,344 1,325
Plant in service, net of depreciation 3,436 3,448
Construction work in progress 93 84
Total property, plant, and equipment 3,529 3,532
Other Property and Investments:    
Total other property and investments 30 30
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 35 35
Other regulatory assets, deferred 449 437
Accumulated deferred income taxes 98 247
Other deferred charges and assets 10 33
Total deferred charges and other assets 592 752
Total Assets 4,712 4,866
Current Liabilities:    
Securities due within one year 214 989
Notes payable 300 4
Accounts payable —    
Affiliated 47 59
Other 78 96
Accrued taxes —    
Accrued income taxes 0 40
Accrued taxes 31 101
Accrued compensation 18 39
Accrued plant closure costs 61 35
Asset retirement obligations, current 36 37
Other current liabilities 67 63
Total current liabilities 852 1,463
Long-term Debt 1,567 1,097
Deferred Credits and Other Liabilities:    
Deferred credits related to income taxes 391 372
Employee benefit obligations 115 116
Asset retirement obligations, deferred 134 137
Other cost of removal obligations 177 178
Other regulatory liabilities, deferred 78 79
Other deferred credits and liabilities 14 33
Total deferred credits and other liabilities 909 915
Total Liabilities 3,328 3,475
Redeemable Preferred Stock 33 33
Common Stockholders' Equity:    
Par value 38 38
Paid-in capital 4,531 4,529
Retained earnings (accumulated deficit) (3,213) (3,205)
Accumulated other comprehensive income (loss) (5) (4)
Total Common Stockholders' Equity 1,351 1,358
Total Liabilities and Stockholders' Equity 4,712 4,866
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 82 129
Receivables —    
Customer accounts receivable 126 117
Other accounts and notes receivable 69 98
Affiliated 28 50
Materials and supplies 218 278
Prepaid income taxes 82 50
Other current assets 35 36
Total current assets 640 758
Property, Plant, and Equipment:    
In service 13,803 13,755
Less: Accumulated depreciation 1,989 1,910
Plant in service, net of depreciation 11,814 11,845
Construction work in progress 634 511
Total property, plant, and equipment 12,448 12,356
Other Property and Investments:    
Goodwill 2 2
Intangible assets, net (including goodwill) 404 411
Total other property and investments 404 411
Deferred Charges and Other Assets:    
Prepaid LTSAs 103 118
Accumulated deferred income taxes 911 925
Income taxes receivable, non-current 76 72
Other deferred charges and assets 600 566
Total deferred charges and other assets 1,690 1,681
Total Assets 15,182 15,206
Current Liabilities:    
Securities due within one year 770 770
Notes payable 134 105
Accounts payable —    
Affiliated 56 102
Other 130 103
Accrued taxes —    
Other current liabilities 145 152
Total current liabilities 1,235 1,232
Long-term Debt 5,108 5,071
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 142 199
Accumulated deferred ITCs 1,872 1,884
Other deferred credits and liabilities 267 322
Total deferred credits and other liabilities 2,281 2,405
Total Liabilities 8,624 8,708
Common Stockholders' Equity:    
Par value 0 0
Paid-in capital 3,663 3,662
Retained earnings (accumulated deficit) 1,519 1,478
Accumulated other comprehensive income (loss) 27 (2)
Total Common Stockholders' Equity 5,209 5,138
Noncontrolling interests 1,349 1,360
Total Stockholders' Equity 6,558 6,498
Total Liabilities and Stockholders' Equity 15,182 15,206
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 94 73
Receivables —    
Customer accounts receivable 509 400
Energy marketing receivables 448 607
Unbilled revenues 210 285
Other accounts and notes receivable 51 103
Accumulated provision for uncollectible accounts (36) (28)
Natural gas for sale 235 595
Prepaid expenses 66 53
Assets from risk management activities, net of collateral 145 135
Other regulatory assets, current 75 94
Other current assets 51 78
Total current assets 1,848 2,395
Property, Plant, and Equipment:    
In service 16,056 15,833
Less: Accumulated depreciation 4,670 4,596
Plant in service, net of depreciation 11,386 11,237
Construction work in progress 511 491
Total property, plant, and equipment 11,897 11,728
Other Property and Investments:    
Goodwill 5,925 5,967
Equity investments in unconsolidated subsidiaries 1,504 1,477
Other intangible assets, net of amortization 264 280
Miscellaneous property and investments 20 21
Total other property and investments 7,713 7,745
Deferred Charges and Other Assets:    
Other regulatory assets, deferred 878 901
Other deferred charges and assets 232 218
Total deferred charges and other assets 1,110 1,119
Total Assets 22,568 22,987
Current Liabilities:    
Securities due within one year 177 157
Notes payable 1,035 1,518
Energy marketing trade payables 437 546
Accounts payable —    
Accounts payable 392 446
Customer deposits 112 128
Accrued taxes —    
Accrued income taxes 77 40
Accrued taxes 76 78
Accrued interest 65 51
Accrued compensation 55 74
Liabilities from risk management activities, net of collateral 18 69
Other regulatory liabilities, current 179 135
Temporary LIFO liquidation 54 0
Other current liabilities 143 159
Total current liabilities 2,820 3,401
Long-term Debt 5,859 5,891
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,104 1,089
Deferred credits related to income taxes 1,083 1,063
Employee benefit obligations 413 415
Accrued environmental remediation 333 342
Other cost of removal obligations 1,650 1,646
Other deferred credits and liabilities 107 118
Total deferred credits and other liabilities 4,690 4,673
Total Liabilities 13,369 13,965
Common Stockholders' Equity:    
Par value 0 0
Paid-in capital 9,228 9,214
Retained earnings (accumulated deficit) (55) (212)
Accumulated other comprehensive income (loss) 26 20
Total Stockholders' Equity 9,199 9,022
Total Liabilities and Stockholders' Equity $ 22,568 $ 22,987