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Consolidated Balance Sheets - SPC - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 748 $ 1,917
Receivables —    
Customer accounts, net and affiliated 2,030 2,128
Other 519 637
Materials and supplies 1,989 1,664
Other current assets 533 344
Total current assets 10,432 10,416
Property, Plant, and Equipment:    
In service 128,428 117,529
Less: Accumulated depreciation 37,725 35,297
Plant in service, net of depreciation 90,703 82,232
Construction work in progress 7,784 10,896
Total property, plant, and equipment 99,844 94,570
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 1,368 1,443
Total other property and investments 9,986 9,757
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,432 1,531
Other deferred charges and assets 1,468 1,485
Total deferred charges and other assets 19,069 20,148
Total Assets 139,331 134,891
Current Liabilities:    
Securities due within one year 2,476 4,285
Notes payable 2,314 2,609
Accounts payable —    
Accrued interest 652 614
Operating lease obligations 183 197
Other current liabilities 1,029 787
Total current liabilities 13,467 15,724
Long-Term Debt 57,210 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,990 10,036
Accumulated deferred ITCs 2,067 2,133
Operating lease obligations, deferred 1,307 1,388
Other deferred credits and liabilities 1,031 1,167
Total deferred credits and other liabilities 33,429 33,979
Total Liabilities 104,106 100,359
Common Stockholders' Equity:    
Common stock 5,423 5,417
Paid-in capital 13,775 13,673
Retained earnings 12,482 11,538
Accumulated other comprehensive loss (177) (167)
Total common stockholders' equity 31,444 30,408
Noncontrolling Interests 3,781 4,124
Total Stockholders' Equity (See accompanying statements) 35,225 34,532
Total Liabilities and Stockholders' Equity 139,331 134,891
Commitments and Contingent Matters
Southern Power    
Current Assets:    
Cash and cash equivalents 124 131
Receivables —    
Customer accounts, net and affiliated 136 226
Other 54 70
Materials and supplies 80 88
Other current assets 92 55
Total current assets 523 621
Property, Plant, and Equipment:    
In service 14,690 14,658
Less: Accumulated depreciation 4,119 3,661
Plant in service, net of depreciation 10,571 10,997
Construction work in progress 278 41
Total property, plant, and equipment 10,849 11,038
Other Property and Investments:    
Intangible assets, net of amortization of $148 and $129, respectively 243 263
Equity investments in unconsolidated subsidiaries 0 49
Net investment in sales-type leases 148 154
Total other property and investments 391 466
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 488 489
Prepaid LTSAs 248 193
Income taxes receivable, non-current 17 19
Other deferred charges and assets 245 255
Total deferred charges and other assets 998 956
Total Assets 12,761 13,081
Current Liabilities:    
Securities due within one year 0 290
Notes payable 138 225
Accounts payable —    
Affiliated and other 91 67
Accrued taxes 26 24
Accrued interest 27 28
Operating lease obligations 29 28
Other current liabilities 97 83
Total current liabilities 490 884
Long-Term Debt 2,711 2,689
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 614 279
Accumulated deferred ITCs 1,498 1,556
Operating lease obligations, deferred 517 514
Other deferred credits and liabilities 233 243
Total deferred credits and other liabilities 2,862 2,592
Total Liabilities 6,063 6,165
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 1,088 1,069
Retained earnings 1,846 1,741
Accumulated other comprehensive loss (17) (18)
Total common stockholders' equity 2,917 2,792
Noncontrolling Interests 3,781 4,124
Total Stockholders' Equity (See accompanying statements) 6,698 6,916
Total Liabilities and Stockholders' Equity 12,761 13,081
Commitments and Contingent Matters
Southern Power | Related Party    
Receivables —    
Customer accounts, net and affiliated 37 51
Accounts payable —    
Affiliated and other $ 82 $ 139