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Condensed Consolidated Statements of Income (Unaudited) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Revenues:    
Retail revenues $ 3,858,000,000 $ 3,298,000,000
Wholesale revenues 604,000,000 432,000,000
Other electric revenues 165,000,000 155,000,000
Other revenues 17,000,000 12,000,000
Total operating revenues 4,644,000,000 3,897,000,000
Operating Expenses:    
Fuel 1,647,000,000 1,262,000,000
Purchased power 187,000,000 95,000,000
Other operations and maintenance 986,000,000 974,000,000
Depreciation and amortization 497,000,000 466,000,000
Taxes other than income taxes 247,000,000 235,000,000
Estimated loss on Kemper IGCC 380,000,000 540,000,000
Total operating expenses 3,944,000,000 3,572,000,000
Operating Income 700,000,000 325,000,000
Other Income and (Expense):    
Allowance for equity funds used during construction 57,000,000 41,000,000
Interest expense, net of amounts capitalized (206,000,000) (211,000,000)
Other income (expense), net (7,000,000) (27,000,000)
Total other income and (expense) (156,000,000) (197,000,000)
Earnings Before Income Taxes 544,000,000 128,000,000
Income taxes 176,000,000 31,000,000
Consolidated Net Income 368,000,000 97,000,000
Less: Net income attributable to noncontrolling interest 17,000,000 16,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 351,000,000 [1],[2] 81,000,000 [1]
Earnings per share (EPS) -    
Basic EPS (in dollars per share) $ 0.39 $ 0.09
Diluted EPS (in dollars per share) $ 0.39 $ 0.09
Average number of shares of common stock outstanding (in millions)    
Basic (in shares) 890 870
Diluted (in shares) 893 875
Cash dividends paid per share of common stock $ 0.5075 $ 0.4900
Alabama Power [Member]
   
Operating Revenues:    
Retail revenues 1,297,000,000 1,141,000,000
Wholesale revenues, non-affiliates 85,000,000 59,000,000
Wholesale revenues, affiliates 69,000,000 56,000,000
Other revenues 57,000,000 52,000,000
Total operating revenues 1,508,000,000 1,308,000,000
Operating Expenses:    
Fuel 432,000,000 372,000,000
Purchased power, non-affiliates 57,000,000 20,000,000
Purchased power, affiliates 49,000,000 31,000,000
Other operations and maintenance 325,000,000 330,000,000
Depreciation and amortization 175,000,000 158,000,000
Taxes other than income taxes 89,000,000 90,000,000
Total operating expenses 1,127,000,000 1,001,000,000
Operating Income 381,000,000 307,000,000
Other Income and (Expense):    
Allowance for equity funds used during construction 10,000,000 8,000,000
Interest expense, net of amounts capitalized (62,000,000) (66,000,000)
Other income (expense), net (5,000,000) (1,000,000)
Total other income and (expense) (57,000,000) (59,000,000)
Earnings Before Income Taxes 324,000,000 248,000,000
Income taxes 127,000,000 97,000,000
Consolidated Net Income 197,000,000 151,000,000
Dividends on Preferred and Preference Stock 10,000,000 10,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 187,000,000 141,000,000
Georgia Power [Member]
   
Operating Revenues:    
Retail revenues 2,050,000,000 1,729,000,000
Wholesale revenues, non-affiliates 109,000,000 62,000,000
Wholesale revenues, affiliates 21,000,000 6,000,000
Other revenues 89,000,000 85,000,000
Total operating revenues 2,269,000,000 1,882,000,000
Operating Expenses:    
Fuel 752,000,000 519,000,000
Purchased power, non-affiliates 79,000,000 50,000,000
Purchased power, affiliates 184,000,000 175,000,000
Other operations and maintenance 427,000,000 431,000,000
Depreciation and amortization 208,000,000 200,000,000
Taxes other than income taxes 103,000,000 95,000,000
Total operating expenses 1,753,000,000 1,470,000,000
Operating Income 516,000,000 412,000,000
Other Income and (Expense):    
Allowance for equity funds used during construction 6,000,000 6,000,000
Interest expense, net of amounts capitalized (84,000,000) (91,000,000)
Other income (expense), net (2,000,000) (2,000,000)
Total other income and (expense) (80,000,000) (87,000,000)
Earnings Before Income Taxes 436,000,000 325,000,000
Income taxes 166,000,000 124,000,000
Consolidated Net Income 270,000,000 201,000,000
Dividends on Preferred and Preference Stock 4,000,000 4,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 266,000,000 197,000,000
Gulf Power [Member]
   
Operating Revenues:    
Retail revenues 303,120,000 259,877,000
Wholesale revenues, non-affiliates 35,592,000 21,208,000
Wholesale revenues, affiliates 52,778,000 29,455,000
Other revenues 15,642,000 15,734,000
Total operating revenues 407,132,000 326,274,000
Operating Expenses:    
Fuel 168,422,000 120,846,000
Purchased power, non-affiliates 15,461,000 11,135,000
Purchased power, affiliates 6,504,000 3,312,000
Other operations and maintenance 84,201,000 78,662,000
Depreciation and amortization 31,857,000 37,053,000
Taxes other than income taxes 26,799,000 23,626,000
Total operating expenses 333,244,000 274,634,000
Operating Income 73,888,000 51,640,000
Other Income and (Expense):    
Allowance for equity funds used during construction 2,379,000 1,134,000
Interest expense, net of amounts capitalized (13,264,000) (14,369,000)
Other income (expense), net (725,000) (976,000)
Total other income and (expense) (11,610,000) (14,211,000)
Earnings Before Income Taxes 62,278,000 37,429,000
Income taxes 23,284,000 14,086,000
Consolidated Net Income 38,994,000 23,343,000
Dividends on Preferred and Preference Stock 2,251,000 1,551,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 36,743,000 21,792,000
Mississippi Power [Member]
   
Operating Revenues:    
Retail revenues 207,038,000 168,310,000
Wholesale revenues, non-affiliates 96,718,000 65,109,000
Wholesale revenues, affiliates 22,789,000 8,341,000
Other revenues 4,616,000 4,174,000
Total operating revenues 331,161,000 245,934,000
Operating Expenses:    
Fuel 146,951,000 104,564,000
Purchased power, non-affiliates 11,494,000 1,367,000
Purchased power, affiliates 8,929,000 9,689,000
Other operations and maintenance 66,095,000 54,812,000
Depreciation and amortization 22,694,000 23,233,000
Taxes other than income taxes 20,458,000 19,417,000
Estimated loss on Kemper IGCC 380,000,000 462,000,000
Total operating expenses 656,621,000 675,082,000
Operating Income (325,460,000) (429,148,000)
Other Income and (Expense):    
Allowance for equity funds used during construction 38,082,000 26,074,000
Interest expense, net of amounts capitalized (12,035,000) (10,409,000)
Other income (expense), net (1,799,000) (1,547,000)
Total other income and (expense) 24,248,000 14,118,000
Earnings Before Income Taxes (301,212,000) (415,030,000)
Income taxes (129,597,000) (169,142,000)
Consolidated Net Income (171,615,000) (245,888,000)
Dividends on Preferred and Preference Stock 433,000 433,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries (172,048,000) (246,321,000)
Southern Power [Member]
   
Operating Revenues:    
Wholesale revenues, non-affiliates 277,868,000 223,429,000
Wholesale revenues, affiliates 72,333,000 78,191,000
Other revenues 653,000 1,327,000
Total operating revenues 350,854,000 302,947,000
Operating Expenses:    
Fuel 124,562,000 119,372,000
Purchased power, non-affiliates 27,893,000 14,573,000
Purchased power, affiliates 29,186,000 7,865,000
Other operations and maintenance 52,715,000 50,950,000
Depreciation and amortization 51,457,000 40,160,000
Taxes other than income taxes 5,683,000 5,354,000
Total operating expenses 291,496,000 238,274,000
Operating Income 59,358,000 64,673,000
Other Income and (Expense):    
Interest expense, net of amounts capitalized (22,003,000) (20,394,000)
Other income (expense), net 118,000 (257,000)
Total other income and (expense) (21,885,000) (20,651,000)
Earnings Before Income Taxes 37,473,000 44,022,000
Income taxes 3,186,000 14,830,000
Consolidated Net Income 34,287,000 29,192,000
Less: Net income attributable to noncontrolling interest 816,000 0
Average number of shares of common stock outstanding (in millions)    
Net income attributable to Southern Power Company $ 33,471,000 $ 29,192,000
[1] After dividends on preferred and preference stock of subsidiaries.
[2] Segment net income (loss) for the traditional operating companies for the three months ended March 31, 2014 includes a $380.0 million pre-tax charge ($234.7 million after tax) for an estimated probable loss on the Kemper IGCC. See Note (B) under "Integrated Coal Gasification Combined Cycle – Kemper IGCC Schedule and Cost Estimate" herein for additional information.