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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues:        
Total operating revenues $ 5,401 $ 5,339 $ 13,921 $ 14,450
Other Income and (Expense):        
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 959 718 2,096 1,680
Southern Company [Member]        
Operating Revenues:        
Retail revenues 4,701 4,558 11,958 12,186
Wholesale revenues 520 600 1,435 1,719
Other electric revenues 169 169 494 503
Other revenues 11 12 34 42
Total operating revenues 5,401 5,339 13,921 14,450
Operating Expenses:        
Fuel 1,520 1,656 3,932 4,765
Purchased power 193 194 507 514
Other operations and maintenance 1,097 1,021 3,320 3,026
Depreciation and amortization 528 514 1,515 1,515
Taxes other than income taxes 264 258 761 751
Estimated loss on Kemper IGCC 150 418 182 798
Total operating expenses 3,752 4,061 10,217 11,369
Operating Income (Loss) 1,649 1,278 3,704 3,081
Other Income and (Expense):        
Allowance for equity funds used during construction 60 63 163 182
Interest expense, net of amounts capitalized (218) (207) (612) (623)
Other income (expense), net (21) (7) (41) (20)
Total other income and (expense) (179) (151) (490) (461)
Earnings Before Income Taxes 1,470 1,127 3,214 2,620
Income taxes (benefit) 500 392 1,076 889
Net Income (Loss) 970 735 2,138 1,731
Dividends on preferred and preference stock of subsidiaries 11 17 42 51
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries $ 959 $ 718 $ 2,096 $ 1,680
Earnings per share (EPS) -        
Basic EPS (in dollars per share) $ 1.05 $ 0.80 $ 2.30 $ 1.88
Diluted EPS (in dollars per share) $ 1.05 $ 0.80 $ 2.30 $ 1.87
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 910 898 910 894
Diluted (in shares) 912 902 913 898
Cash dividends paid per share of common stock (in dollars per share) $ 0.5425 $ 0.525 $ 1.610 $ 1.5575
Alabama Power [Member]        
Operating Revenues:        
Retail revenues $ 1,558 $ 1,512 $ 4,151 $ 4,058
Wholesale revenues, non-affiliates 65 72 188 222
Wholesale revenues, affiliates 20 31 55 168
Other revenues 52 54 157 166
Total operating revenues 1,695 1,669 4,551 4,614
Operating Expenses:        
Fuel 408 442 1,061 1,288
Purchased power, non-affiliates 56 57 142 153
Purchased power, affiliates 51 54 153 140
Other operations and maintenance 371 334 1,140 989
Depreciation and amortization 163 174 481 521
Taxes other than income taxes 91 88 275 265
Total operating expenses 1,140 1,149 3,252 3,356
Operating Income (Loss) 555 520 1,299 1,258
Other Income and (Expense):        
Allowance for equity funds used during construction 14 15 43 36
Interest expense, net of amounts capitalized (71) (63) (205) (188)
Other income (expense), net (7) 3 (24) (5)
Total other income and (expense) (64) (45) (186) (157)
Earnings Before Income Taxes 491 475 1,113 1,101
Income taxes (benefit) 192 183 427 429
Net Income (Loss) 299 292 686 672
Dividends on preferred and preference stock of subsidiaries 4 10 21 30
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 295 282 665 642
Georgia Power [Member]        
Operating Revenues:        
Retail revenues 2,537 2,452 6,223 6,502
Wholesale revenues, non-affiliates 55 80 173 269
Wholesale revenues, affiliates 5 7 18 38
Other revenues 94 92 271 277
Total operating revenues 2,691 2,631 6,685 7,086
Operating Expenses:        
Fuel 706 684 1,735 2,055
Purchased power, non-affiliates 90 77 227 219
Purchased power, affiliates 148 172 411 522
Other operations and maintenance 462 456 1,405 1,334
Depreciation and amortization 214 211 633 628
Taxes other than income taxes 107 111 302 320
Total operating expenses 1,727 1,711 4,713 5,078
Operating Income (Loss) 964 920 1,972 2,008
Other Income and (Expense):        
Allowance for equity funds used during construction     24 29
Interest expense, net of amounts capitalized (90) (88) (272) (262)
Other income (expense), net 18 14 34 29
Total other income and (expense) (72) (74) (238) (233)
Earnings Before Income Taxes 892 846 1,734 1,775
Income taxes (benefit) 337 317 657 660
Net Income (Loss) 555 529 1,077 1,115
Dividends on preferred and preference stock of subsidiaries 4 4 13 13
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 551 525 1,064 1,102
Gulf Power [Member]        
Operating Revenues:        
Retail revenues 363 366 983 979
Wholesale revenues, non-affiliates 30 34 82 104
Wholesale revenues, affiliates 17 21 52 97
Other revenues 19 17 53 49
Total operating revenues 429 438 1,170 1,229
Operating Expenses:        
Fuel 143 164 375 478
Purchased power, non-affiliates 26 27 76 57
Purchased power, affiliates 4 4 22 19
Other operations and maintenance 90 85 274 251
Depreciation and amortization 40 38 100 109
Taxes other than income taxes 35 31 91 84
Total operating expenses 338 349 938 998
Operating Income (Loss) 91 89 232 231
Other Income and (Expense):        
Allowance for equity funds used during construction 3 3 11 8
Interest expense, net of amounts capitalized (12) (13) (38) (39)
Other income (expense), net (1) (1) (3) (2)
Total other income and (expense) (10) (11) (30) (33)
Earnings Before Income Taxes 81 78 202 198
Income taxes (benefit) 31 29 75 74
Net Income (Loss) 50 49 127 124
Dividends on preferred and preference stock of subsidiaries 2 2 7 7
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries 48 47 120 117
Mississippi Power [Member]        
Operating Revenues:        
Retail revenues 244 228 601 647
Wholesale revenues, non-affiliates 76 83 216 255
Wholesale revenues, affiliates 18 39 63 82
Other revenues 3 5 13 13
Total operating revenues 341 355 893 997
Operating Expenses:        
Fuel 130 169 359 459
Purchased power, non-affiliates 1 3 5 16
Purchased power, affiliates 1 2 6 17
Other operations and maintenance 63 67 206 192
Depreciation and amortization 38 23 95 70
Taxes other than income taxes 24 22 71 63
Estimated loss on Kemper IGCC 150 418 182 798
Total operating expenses 407 704 924 1,615
Operating Income (Loss) (66) (349) (31) (618)
Other Income and (Expense):        
Allowance for equity funds used during construction 29 32 82 108
Interest expense, net of amounts capitalized (13) (9) 6 (34)
Other income (expense), net (2) (8) (5) (12)
Total other income and (expense) 14 15 83 62
Earnings Before Income Taxes (52) (334) 52 (556)
Income taxes (benefit) (31) (139) (11) (253)
Net Income (Loss) (21) (195) 63 (303)
Dividends on preferred and preference stock of subsidiaries 0 0 1 2
Net Income (Loss) After Dividends on Preferred and Preference Stock of Subsidiaries (21) (195) 62 (305)
Southern Power [Member]        
Operating Revenues:        
Wholesale revenues, non-affiliates 295 332 776 870
Wholesale revenues, affiliates 104 103 303 243
Other revenues 2 0 7 2
Total operating revenues 401 435 1,086 1,115
Operating Expenses:        
Fuel 118 178 361 421
Purchased power, non-affiliates 17 28 52 73
Purchased power, affiliates 5 13 18 58
Other operations and maintenance 62 46 184 168
Depreciation and amortization 64 60 183 163
Taxes other than income taxes 6 5 17 17
Total operating expenses 272 330 815 900
Operating Income (Loss) 129 105 271 215
Other Income and (Expense):        
Interest expense, net of amounts capitalized (18) (23) (62) (67)
Other income (expense), net 1 5 1 6
Total other income and (expense) (17) (18) (61) (61)
Earnings Before Income Taxes 112 87 210 154
Income taxes (benefit) 1 22 14 22
Net Income (Loss) 111 65 196 132
Less: Net income attributable to noncontrolling interests 9 1 15 4
Net income attributable to Southern Power Company $ 102 $ 64 $ 181 $ 128