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Financing (Tables)

12 Months Ended

Dec. 31, 2013

Scheduled maturities and redemptions of securities due within one year

A summary of scheduled maturities and redemptions of securities due within one year at December 31 was as follows:



	2013		2012
	(in millions)
Senior notes	$	428	$	2,085
Other long-term debt	12		227
Capitalized leases	29		23
Total	$	469	$	2,335

Credit arrangements with banks

At December 31, 2013, committed credit arrangements with banks were as follows:



	Expires^(a)												Executable Term Loans				Due Within One Year
Company	2014		2015		2016		2018		Total		Unused		One Year		Two Years		Term Out		No Term Out
	(in millions)								(in millions)				(in millions)				(in millions)
Southern Company	$	—	$	—	$	—	$	1,000	$	1,000	$	1,000	$	—	$	—	$	—	$	—
Alabama Power	238		35		—		1,030		1,303		1,303		53		—		53		185
Georgia Power	—		—		150		1,600		1,750		1,736		—		—		—		—
Gulf Power	110		—		165		—		275		275		45		—		45		65
Mississippi Power	135		—		165		—		300		300		25		40		65		70
Southern Power	—		—		—		500		500		500		—		—		—		—
Other	75		25		—		—		100		100		25		—		25		50
Total	$	558	$	60	$	480	$	4,130	$	5,228	$	5,214	$	148	$	40	$	188	$	370


(a)	No credit arrangements expire in 2017.

Short-term borrowings

Details of short-term borrowings were as follows:



	Short-term Debt at the End of the Period^(a)
	Amount Outstanding		Weighted Average Interest Rate
	(in millions)
December 31, 2013:
Commercial paper	$	1,082	0.2	%
Short-term bank debt	400		0.9	%
Total	$	1,482	0.4	%
December 31, 2012:
Commercial paper	$	820	0.3	%
Short-term bank debt	—		—	%
Total	$	820	0.3	%

(a) Excludes notes payable related to other energy service contracts of $5 million at December 31, 2012.

Alabama Power [Member]

Debt Disclosure [Line Items]

Credit arrangements with banks

At December 31, 2013, committed credit arrangements with banks were as follows:



Expires^(a)										Executable Term-Loans				Due Within One Year
2014		2015		2018		Total		Unused		One Year		Two Years		Term Out		No Term Out
						(in millions)
$	238	$	35	$	1,030	$	1,303	$	1,303	$	53	$	—	$	53	$	185


(a)	No credit arrangements expire in 2016 or 2017.

Georgia Power [Member]

Debt Disclosure [Line Items]

Scheduled maturities and redemptions of securities due within one year

A summary of scheduled maturities of long-term debt due within one year at December 31 was as follows:



	2013		2012
	(in millions)
Senior notes	$	—	$	1,675
Capital lease	5		5
Total	$	5	$	1,680

Credit arrangements with banks

At December 31, 2013, committed credit arrangements with banks were as follows:


(a)	No credit arrangements expire in 2014, 2015, or 2017.

Short-term borrowings

Details of short-term borrowings outstanding at December 31, 2013 were as follows:



	Short-term Debt at the End of the Period
	Amount Outstanding		Weighted Average Interest Rate
	(in millions)
December 31, 2013:
Commercial paper	$	647	0.2	%
Short-term bank debt	400		0.9	%
Total	$	1,047	0.5	%

Gulf Power [Member]

Debt Disclosure [Line Items]

Credit arrangements with banks

At December 31, 2013, committed credit arrangements with banks were as follows:



Expires^(a)								Executable Term-Loans				Due Within One Year
2014		2016		Total		Unused		One Year		Two Years		Term Out		No Term Out
				(in millions)
$	110	$	165	$	275	$	275	$	45	$	—	$	45	$	65


(a)	No credit arrangements expire in 2015, 2017, or 2018.

Short-term borrowings

Details of commercial paper included in notes payable on the balance sheets were as follows:



	Commercial Paper at the End of the Period ^(a)
	Amount Outstanding		Weighted Average Interest Rate
	(in millions)
December 31, 2013:
	$	136	0.2%
December 31, 2012:
	$	124	0.3%


(a)	Excludes notes payable related to other energy service contracts of $3.2 million for the period ended December 31, 2012.

Mississippi Power [Member]

Debt Disclosure [Line Items]

Scheduled maturities and redemptions of securities due within one year

A summary of scheduled maturities and redemptions of securities due within one year at December 31, 2013 and 2012 was as follows:



	2013		2012
	(in millions)
Senior notes	$	—	$	50.0
Bank term loans	—		175.0
Revenue bonds	11.3		51.5
Capitalized leases	2.5		—
Outstanding at December 31	$	13.8	$	276.5

Credit arrangements with banks

At December 31, 2013, committed credit arrangements with banks were as follows:



Expires^(a)				Executable Term-Loans		Due Within One Year
2014	2016	Total	Unused	One Year	Two Years	Term Out	No Term Out
(in millions)
$135	$165	$300	$300	$25	$40	$65	$70


(a)	No credit arrangements expire in 2015, 2017, or 2018.

Southern Power [Member]

Debt Disclosure [Line Items]

Short-term borrowings

Details of short-term borrowings were as follows:



	Commercial Paper at the End of the Period
	Amount Outstanding		Weighted Average Interest Rate
	(in millions)
December 31, 2013:	$	—	N/A
December 31, 2012:	$	71	0.5	%

Redeemable Preferred Stock [Member] | Alabama Power [Member]

Debt Disclosure [Line Items]

Redeemable preferred stock

Information for each outstanding series is in the table below:



Preferred/Preference Stock	Par Value/Stated Capital Per Share	Shares Outstanding	First Call Date	Redemption Price Per Share
4.92% Preferred Stock	$100	80,000	*	$103.23
4.72% Preferred Stock	$100	50,000	*	$102.18
4.64% Preferred Stock	$100	60,000	*	$103.14
4.60% Preferred Stock	$100	100,000	*	$104.20
4.52% Preferred Stock	$100	50,000	*	$102.93
4.20% Preferred Stock	$100	135,115	*	$105.00
5.83% Class A Preferred Stock	$25	1,520,000	8/1/2008	Stated Capital
5.20% Class A Preferred Stock	$25	6,480,000	8/1/2008	Stated Capital
5.30% Class A Preferred Stock	$25	4,000,000	4/1/2009	Stated Capital
5.625% Preference Stock	$25	6,000,000	1/1/2012	Stated Capital
6.450% Preference Stock	$25	6,000,000	*	**
6.500% Preference Stock	$25	2,000,000	*	**

* Redemption permitted any time after issuance

** Prior to 10/01/2017: Stated Value Plus Make-Whole Premium; after 10/01/2017: Stated Capital

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

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-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

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-Name Accounting Standards Codification

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+ Details

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References+ Details

Expires^(a)

(in millions)