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Condensed Balance Sheets (Unaudited) - MPC - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,053 $ 1,917
Receivables —    
Customer accounts 1,890 2,128
Unbilled revenues 596 1,012
Other accounts and notes 510 637
Fossil fuel for generation 778 575
Materials and supplies 1,756 1,664
Assets from risk management activities 53 115
Other regulatory assets 936 860
Other current assets 395 344
Total current assets 9,555 10,416
Property, Plant, and Equipment:    
In service 118,690 117,529
Less: Accumulated depreciation 35,990 35,297
Plant in service, net of depreciation 82,700 82,232
Construction work in progress 11,510 10,896
Total property, plant, and equipment 95,630 94,570
Other Property and Investments:    
Total other property and investments 9,827 9,757
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 876 866
Regulatory assets – asset retirement obligations, deferred 5,701 5,764
Other regulatory assets, deferred 5,886 5,918
Other deferred charges and assets 1,456 1,485
Total deferred charges and other assets 19,744 20,148
Total Assets 134,756 134,891
Current Liabilities:    
Securities due within one year 4,363 4,285
Notes payable 2,554 2,609
Accounts payable —    
Accrued compensation 617 1,127
Asset retirement obligations 709 694
Other regulatory liabilities 287 382
Other current liabilities 915 787
Total current liabilities 13,893 15,724
Long-term Debt 52,060 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,488 10,036
Deferred credits related to income taxes 5,107 5,235
Employee benefit obligations 1,222 1,238
Asset retirement obligations, deferred 10,209 10,146
Other cost of removal obligations 1,921 1,903
Other regulatory liabilities, deferred 690 733
Other deferred credits and liabilities 1,118 1,167
Total deferred credits and other liabilities 34,241 33,979
Total Liabilities 100,194 100,359
Total Liabilities and Stockholders' Equity 134,756 134,891
Mississippi Power    
Current Assets:    
Cash and cash equivalents 18 59
Receivables —    
Customer accounts 69 47
Unbilled revenues 37 47
Affiliated 26 82
Other accounts and notes 29 35
Fossil fuel for generation 51 44
Materials and supplies 80 80
Other regulatory assets 80 72
Other current assets 13 38
Total current assets 403 504
Property, Plant, and Equipment:    
In service 5,319 5,254
Less: Accumulated depreciation 1,723 1,689
Plant in service, net of depreciation 3,596 3,565
Construction work in progress 225 208
Total property, plant, and equipment 3,821 3,773
Other Property and Investments:    
Total other property and investments 165 167
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 29 30
Prepaid pension costs 114 109
Regulatory assets – asset retirement obligations, deferred 239 239
Other regulatory assets, deferred 253 249
Accumulated deferred income taxes 103 107
Other deferred charges and assets 89 94
Total deferred charges and other assets 827 828
Total Assets 5,216 5,272
Current Liabilities:    
Securities due within one year 1 1
Notes payable 126 0
Accounts payable —    
Affiliated 69 121
Other 75 106
Accrued taxes 62 124
Accrued compensation 20 37
Asset retirement obligations 35 37
Other regulatory liabilities 25 43
Other current liabilities 81 85
Total current liabilities 494 554
Long-term Debt 1,544 1,544
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 470 466
Deferred credits related to income taxes 247 253
Employee benefit obligations 69 69
Asset retirement obligations, deferred 143 142
Other cost of removal obligations 196 196
Other regulatory liabilities, deferred 84 96
Other deferred credits and liabilities 26 21
Total deferred credits and other liabilities 1,235 1,243
Total Liabilities 3,273 3,341
Total common stockholders' equity 1,943 1,931
Total Liabilities and Stockholders' Equity $ 5,216 $ 5,272