Financing (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Credit arrangements by company

The following table outlines the committed credit arrangements by company as of March 31, 2016:

	Expires											Executable Term Loans				Due Within One Year
Company	2016		2017		2018		2020	Total		Unused		One Year		Two Years		Term Out		No Term Out
								(in millions)				(in millions)				(in millions)
Southern Company (a)	$	—	$	—	$	1,000	$1,250	$	2,250	$	2,250	$	—	$	—	$	—	$	—
Alabama Power	40		—		500		800	1,340		1,340		—		—		—		40
Georgia Power	—		—		—		1,750	1,750		1,732		—		—		—		—
Gulf Power	75		40		165		—	280		280		45		—		45		40
Mississippi Power	205		—		—		—	205		180		30		15		45		160
Southern Power Company (b)	—		—		—		600	600		560		—		—		—		—
Other	70		—		—		—	70		70		20		—		20		50
Total	$	390	$	40	$	1,665	$4,400	$	6,495	$	6,412	$	95	$	15	$	110	$	290

(a) Excludes the $8.1 billion Bridge Agreement entered into in September 2015 that will be funded only to the extent necessary to provide financing for the Merger as discussed herein.

(b) Excluding its subsidiaries. See "Project Credit Facilities" below and Note (I) under "Southern Power" for additional information.

The table below summarizes each Project Credit Facility as of March 31, 2016.

Project	Maturity Date	Construction Loan Facility		Bridge Loan Facility		Total		Total Undrawn		Letter of Credit Facility		Total Undrawn
		(in millions)
Tranquillity	Earlier of COD or December 31, 2016	$	86	$	172	$	258	$	52	$	77	$	26
Roserock	Earlier of COD or November 30, 2016	63		180		243		121		23		16
Garland	Earlier of COD or November 30, 2016	86		308		394		309		49		32
Total		$	235	$	660	$	895	$	482	$	149	$	74

Schedule of Long-term Debt Financing Activities

The following table outlines the long-term debt financing activities for Southern Company and its subsidiaries for the first three months of 2016:

Company(a)	Senior Note Issuances		Senior Note Maturities and Redemptions		Revenue Bond Maturities Redemptions and Repurchases		Other Long-Term Debt Issuances			Other Long-Term Debt Redemptions and Maturities(b)
	(in millions)
Alabama Power	$	400	$	200	$	—	$	45		$	—
Georgia Power	650		250		4		—			1
Mississippi Power	—		—		—		1,100			426
Southern Power	—		—		—		2			3
Other	—		—		—		—			4
Elimination(c)	—		—		—		(200		)	—
Total	$	1,050	$	450	$	4	$	947		$	434

(a) Southern Company and Gulf Power did not issue or redeem any long-term debt during the first three months of 2016.    

(b) Includes reductions in capital lease obligations resulting from cash payments under capital leases.

(c) Intercompany loans from Southern Company to Mississippi Power eliminated in Southern Company's Consolidated Financial Statements.