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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenues:      
Retail revenues $ 14,987 $ 15,550 $ 14,541
Wholesale revenues 1,798 2,184 1,855
Other electric revenues 657 672 639
Other revenues 47 61 52
Total operating revenues 17,489 18,467 17,087
Operating Expenses:      
Fuel 4,750 6,005 5,510
Purchased power 645 672 461
Other operations and maintenance 4,416 4,354 3,846
Depreciation and amortization 2,034 1,945 1,901
Taxes other than income taxes 997 981 934
Estimated loss on Kemper IGCC 365 868 1,180
Total operating expenses 13,207 14,825 13,832
Operating Income 4,282 3,642 3,255
Other Income and (Expense):      
Allowance for equity funds used during construction 226 245 190
Interest income 23 19 19
Interest expense, net of amounts capitalized (840) (835) (824)
Other income (expense), net (62) (63) (81)
Total other income and (expense) (653) (634) (696)
Earnings Before Income Taxes 3,629 3,008 2,559
Income taxes 1,194 977 849
Net Income (loss) 2,435 2,031 1,710
Dividends on Preferred and Preference Stock 54 68 66
Net income attributable to noncontrolling interests 14 0 0
Net Income After Dividends on Preferred and Preference Stock $ 2,367 $ 1,963 $ 1,644
Earnings per share (EPS) —      
Basic EPS (in dollars per share) $ 2.60 $ 2.19 $ 1.88
Diluted EPS (in dollars per share) $ 2.59 $ 2.18 $ 1.87
Average number of shares of common stock outstanding — (in millions)      
Basic shares 910 897 877
Diluted shares 914 901 881
Alabama Power [Member]      
Operating Revenues:      
Retail revenues $ 5,234 $ 5,249 $ 4,952
Wholesale revenues, non-affiliates 241 281 248
Wholesale revenues, affiliates 84 189 212
Other revenues 209 223 206
Total operating revenues 5,768 5,942 5,618
Operating Expenses:      
Fuel 1,342 1,605 1,631
Purchased power, non-affiliates 171 185 100
Purchased power, affiliates 180 200 129
Other operations and maintenance 1,501 1,468 1,289
Depreciation and amortization 643 603 645
Taxes other than income taxes 368 356 348
Total operating expenses 4,205 4,417 4,142
Operating Income 1,563 1,525 1,476
Other Income and (Expense):      
Allowance for equity funds used during construction 60 49 32
Interest income 15 15 16
Interest expense, net of amounts capitalized (274) (255) (259)
Other income (expense), net (47) (22) (36)
Total other income and (expense) (246) (213) (247)
Earnings Before Income Taxes 1,317 1,312 1,229
Income taxes 506 512 478
Net Income (loss) 811 800 751
Dividends on Preferred and Preference Stock 26 39 39
Net Income After Dividends on Preferred and Preference Stock 785 761 712
Georgia Power [Member]      
Operating Revenues:      
Retail revenues 7,727 8,240 7,620
Wholesale revenues, non-affiliates 215 335 281
Wholesale revenues, affiliates 20 42 20
Other revenues 364 371 353
Total operating revenues 8,326 8,988 8,274
Operating Expenses:      
Fuel 2,033 2,547 2,307
Purchased power, non-affiliates 289 287 224
Purchased power, affiliates 575 701 660
Other operations and maintenance 1,844 1,902 1,654
Depreciation and amortization 846 846 807
Taxes other than income taxes 391 409 382
Total operating expenses 5,978 6,692 6,034
Operating Income 2,348 2,296 2,240
Other Income and (Expense):      
Allowance for equity funds used during construction 40 45 30
Interest expense, net of amounts capitalized (363) (348) (361)
Other income (expense), net 61 23 35
Total other income and (expense) (302) (325) (326)
Earnings Before Income Taxes 2,046 1,971 1,914
Income taxes 769 729 723
Net Income (loss) 1,277 1,242 1,191
Dividends on Preferred and Preference Stock 17 17 17
Net Income After Dividends on Preferred and Preference Stock 1,260 1,225 1,174
Gulf Power [Member]      
Operating Revenues:      
Retail revenues 1,249 1,267 1,170
Wholesale revenues, non-affiliates 107 129 109
Wholesale revenues, affiliates 58 130 100
Other revenues 69 64 61
Total operating revenues 1,483 1,590 1,440
Operating Expenses:      
Fuel 445 605 533
Purchased power, non-affiliates 100 82 52
Purchased power, affiliates 35 25 33
Other operations and maintenance 354 341 310
Depreciation and amortization 141 145 149
Taxes other than income taxes 118 111 98
Total operating expenses 1,193 1,309 1,175
Operating Income 290 281 265
Other Income and (Expense):      
Allowance for equity funds used during construction 13 12 6
Interest expense, net of amounts capitalized (49) (53) (56)
Other income (expense), net (5) (3) (3)
Total other income and (expense) (41) (44) (53)
Earnings Before Income Taxes 249 237 212
Income taxes 92 88 80
Net Income (loss) 157 149 132
Dividends on Preferred and Preference Stock 9 9 8
Net Income After Dividends on Preferred and Preference Stock 148 140 124
Mississippi Power [Member]      
Operating Revenues:      
Retail revenues 776 795 799
Wholesale revenues, non-affiliates 270 323 294
Wholesale revenues, affiliates 76 107 35
Other revenues 16 18 17
Total operating revenues 1,138 1,243 1,145
Operating Expenses:      
Fuel 443 574 491
Purchased power, non-affiliates 5 18 6
Purchased power, affiliates 7 25 43
Other operations and maintenance 274 271 253
Depreciation and amortization 123 97 91
Taxes other than income taxes 94 79 81
Estimated loss on Kemper IGCC 365 868 1,102
Total operating expenses 1,311 1,932 2,067
Operating Income (173) (689) (922)
Other Income and (Expense):      
Allowance for equity funds used during construction 110 136 122
Interest expense, net of amounts capitalized (7) (45) (36)
Other income (expense), net (8) (14) (7)
Total other income and (expense) 95 77 79
Earnings Before Income Taxes (78) (612) (843)
Income taxes (72) (285) (368)
Net Income (loss) (6) (327) (475)
Dividends on Preferred and Preference Stock 2 2 2
Net Income After Dividends on Preferred and Preference Stock (8) (329) (477)
Southern Power [Member]      
Operating Revenues:      
Wholesale revenues, non-affiliates 964 1,116 923
Wholesale revenues, affiliates 417 383 346
Other revenues 9 2 6
Total operating revenues 1,390 1,501 1,275
Operating Expenses:      
Fuel 441 596 474
Purchased power, non-affiliates 72 105 76
Purchased power, affiliates 21 66 30
Other operations and maintenance 260 237 209
Depreciation and amortization 248 220 175
Taxes other than income taxes 22 22 21
Total operating expenses 1,064 1,246 985
Operating Income 326 255 290
Other Income and (Expense):      
Interest expense, net of amounts capitalized (77) (89) (74)
Other income (expense), net 1 6 (4)
Total other income and (expense) (76) (83) (78)
Earnings Before Income Taxes 250 172 212
Income taxes 21 (3) 46
Net Income (loss) 229 175 166
Net income attributable to noncontrolling interests 14 3 0
Net Income (Loss) Attributable to Parent $ 215 $ 172 $ 166