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Consolidated Statements of Income - SPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total operating revenues $ 25,253 $ 29,279 $ 23,113
Operating Expenses:      
Other operations and maintenance 6,093 6,573 5,902
Depreciation and amortization 4,525 3,663 3,565
Taxes other than income taxes 1,425 1,411 1,290
Total operating expenses 19,427 23,909 19,415
Operating Income 5,826 5,370 3,698
Other Income and (Expense):      
Interest expense, net of amounts capitalized (2,446) (2,022) (1,837)
Other income (expense), net 553 500 449
Total other income and (expense) (1,481) (1,147) (1,122)
Earnings Before Income Taxes 4,345 4,223 2,576
Income taxes (benefit) 496 795 267
Net Income 3,849 3,428 2,309
Net loss attributable to noncontrolling interests (127) (107) (99)
Consolidated Net Income 3,976 3,524 2,393
Other revenues      
Operating Revenues:      
Total operating revenues 949 732 708
Operating Expenses:      
Cost of sales 560 396 357
Fuel      
Operating Expenses:      
Cost of sales 4,365 6,835 4,010
Purchased power      
Operating Expenses:      
Cost of sales 883 1,593 978
Southern Power      
Operating Revenues:      
Total operating revenues 2,189 3,369 2,216
Operating Expenses:      
Other operations and maintenance 473 482 423
Depreciation and amortization 504 516 517
Taxes other than income taxes 51 49 45
Loss on sales-type leases 0 1 40
Gain on dispositions, net (20) (2) (41)
Total operating expenses 1,830 2,971 1,925
Operating Income 359 398 291
Other Income and (Expense):      
Interest expense, net of amounts capitalized (129) (138) (147)
Other income (expense), net 12 7 10
Total other income and (expense) (117) (131) (137)
Earnings Before Income Taxes 242 267 154
Income taxes (benefit) 12 20 (13)
Net Income 230 247 167
Net loss attributable to noncontrolling interests (127) (107) (99)
Consolidated Net Income 357 354 266
Southern Power | Wholesale revenues, non-affiliates      
Operating Revenues:      
Total operating revenues 1,597 2,458 1,671
Southern Power | Other revenues      
Operating Revenues:      
Total operating revenues 55 36 30
Southern Power | Fuel      
Operating Expenses:      
Cost of sales 706 1,614 802
Southern Power | Purchased power      
Operating Expenses:      
Cost of sales $ 116 $ 311 $ 139