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Condensed Consolidated Statements of Income (Unaudited) - SPC - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues:        
Total operating revenues $ 6,980 $ 8,378 $ 19,208 $ 22,232
Operating Expenses:        
Other operations and maintenance 1,424 1,527 4,352 4,568
Depreciation and amortization 1,143 922 3,365 2,728
Taxes other than income taxes 341 352 1,076 1,073
Total operating expenses 4,870 6,185 14,589 17,000
Operating Income 2,110 2,193 4,619 5,232
Other Income and (Expense):        
Interest expense, net of amounts capitalized (620) (511) (1,812) (1,461)
Other income (expense), net 141 132 428 414
Total other income and (expense) (381) (292) (1,074) (775)
Earnings Before Income Taxes 1,729 1,901 3,545 4,457
Income taxes 297 414 492 891
Net Income 1,432 1,487 3,053 3,566
Net income (loss) attributable to noncontrolling interests 10 12 (68) (55)
Net Income 1,422 1,472 3,121 3,611
Retail electric revenues        
Operating Revenues:        
Total operating revenues 5,139 5,961 12,597 14,363
Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 727 1,197 1,930 2,798
Other electric revenues        
Operating Revenues:        
Total operating revenues 203 185 602 554
Natural Gas        
Operating Revenues:        
Total operating revenues 689 857 3,417 3,998
Other revenues        
Operating Revenues:        
Total operating revenues 222 178 662 519
Operating Expenses:        
Total cost of sales 126 92 381 275
Fuel        
Operating Expenses:        
Total cost of sales 1,367 2,423 3,376 5,249
Purchased power        
Operating Expenses:        
Total cost of sales 207 645 680 1,285
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 653 1,180 1,686 2,618
Operating Expenses:        
Other operations and maintenance 104 113 327 332
Depreciation and amortization 130 133 380 384
Taxes other than income taxes 13 13 38 38
Gain on dispositions, net 0 0 (20) (2)
Total operating expenses 476 1,008 1,338 2,259
Operating Income 177 172 348 359
Other Income and (Expense):        
Interest expense, net of amounts capitalized (32) (32) (98) (105)
Other income (expense), net 4 3 8 5
Total other income and (expense) (28) (29) (90) (100)
Earnings Before Income Taxes 149 143 258 259
Income taxes 39 36 38 49
Net Income 110 107 220 210
Net income (loss) attributable to noncontrolling interests 10 12 (68) (55)
Net Income 100 95 288 265
SOUTHERN POWER CO | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 479 835 1,234 1,918
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 156 336 406 673
SOUTHERN POWER CO | Other revenues        
Operating Revenues:        
Total operating revenues 18 9 46 27
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 196 605 526 1,274
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales $ 33 $ 144 $ 87 $ 233