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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 754 $ 1,404
Receivables —    
Customer accounts receivable 988 1,058
Unbilled revenues 380 397
Under recovered regulatory clause revenues 43 63
Income taxes receivable, current 0 144
Other accounts and notes receivable 236 398
Accumulated provision for uncollectible accounts (13) (13)
Fossil fuel stock, at average cost 837 868
Materials and supplies, at average cost 1,085 1,061
Vacation pay 181 178
Other regulatory assets, current 394 402
Prepaid expenses 486 495
Other current assets 90 71
Total current assets 5,461 6,526
Property, Plant, and Equipment:    
In service 76,553 75,118
Less accumulated provision for depreciation 24,566 24,253
Plant in service, net of depreciation 51,987 50,865
Other utility plant, net 218 233
Nuclear fuel, at amortized cost 941 934
Construction work in progress 9,406 9,082
Total property, plant, and equipment 62,552 61,114
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,540 1,512
Leveraged leases 761 755
Miscellaneous property and investments 488 485
Total other property and investments 2,789 2,752
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 1,572 1,560
Unamortized loss on reacquired debt 220 227
Other regulatory assets, deferred 4,957 4,989
Income taxes receivable, non-current 413 413
Other deferred charges and assets 771 737
Total deferred charges and other assets 7,933 7,926
Total Assets 78,735 78,318
Current Liabilities:    
Securities due within one year 2,392 2,674
Notes payable 1,195 1,376
Accounts payable —    
Accounts payable 1,584 1,905
Customer deposits 406 404
Accrued taxes —    
Accrued income taxes 14 19
Other accrued taxes 240 484
Accrued interest 255 249
Accrued vacation pay 228 228
Accrued compensation 212 549
Asset retirement obligations, current 237 217
Liabilities from risk management activities 319 156
Other regulatory liabilities, current 210 278
Other current liabilities 564 590
Total current liabilities 7,856 9,129
Long-term Debt:    
Total Long-term Debt 26,091 24,688
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 12,274 12,322
Deferred credits related to income taxes 185 187
Accumulated deferred investment tax credits 1,350 1,219
Employee benefit obligations 2,546 2,582
Asset retirement obligations, deferred 3,504 3,542
Unrecognized tax benefits 375 370
Other cost of removal obligations 1,151 1,162
Other regulatory liabilities, deferred 303 254
Other deferred credits and liabilities 754 720
Total deferred credits and other liabilities 22,442 22,358
Total Liabilities 56,389 56,175
Redeemable Preferred Stock of Subsidiaries 118 118
Redeemable Noncontrolling Interest 44 43
Common Stockholders' Equity:    
Common stock 4,604 4,572
Paid-in capital 6,582 6,282
Treasury, at cost (144) (142)
Retained earnings (accumulated deficit) 9,999 10,010
Accumulated other comprehensive income (loss) (244) (130)
Total common stockholders' equity 20,797 20,592
Preferred and Preference Stock of Subsidiaries 609 609
Noncontrolling Interests 778 781
Total Stockholders' Equity 22,184 21,982
Total Liabilities and Stockholders' Equity 78,735 78,318
Alabama Power [Member]    
Current Assets:    
Cash and cash equivalents 444 194
Receivables —    
Customer accounts receivable 311 332
Unbilled revenues 113 119
Under recovered regulatory clause revenues 22 43
Income taxes receivable, current 0 142
Other accounts and notes receivable 25 20
Affiliated companies 38 50
Accumulated provision for uncollectible accounts (10) (10)
Fossil fuel stock, at average cost 266 239
Materials and supplies, at average cost 406 398
Vacation pay 67 66
Other regulatory assets, current 99 115
Prepaid expenses 129 83
Other current assets 10 10
Total current assets 1,920 1,801
Property, Plant, and Equipment:    
In service 25,187 24,750
Less accumulated provision for depreciation 8,791 8,736
Plant in service, net of depreciation 16,396 16,014
Nuclear fuel, at amortized cost 359 363
Construction work in progress 550 801
Total property, plant, and equipment 17,305 17,178
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 68 71
Nuclear decommissioning trusts, at fair value 746 737
Miscellaneous property and investments 99 96
Total other property and investments 913 904
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 520 522
Deferred under recovered regulatory clause revenues 105 99
Other regulatory assets, deferred 1,105 1,114
Other deferred charges and assets 109 103
Total deferred charges and other assets 1,839 1,838
Total Assets 21,977 21,721
Current Liabilities:    
Securities due within one year 200 200
Accounts payable —    
Affiliated accounts payable 258 278
Other accounts payable 271 410
Customer deposits 88 88
Accrued taxes —    
Accrued income taxes 11 0
Other accrued taxes 62 38
Accrued interest 65 73
Accrued vacation pay 55 55
Accrued compensation 47 119
Liabilities from risk management activities 37 55
Other regulatory liabilities, current 175 240
Other current liabilities 39 39
Total current liabilities 1,308 1,595
Long-term Debt:    
Total Long-term Debt 6,894 6,654
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,306 4,241
Deferred credits related to income taxes 69 70
Accumulated deferred investment tax credits 116 118
Employee benefit obligations 377 388
Asset retirement obligations, deferred 1,461 1,448
Other cost of removal obligations 705 722
Other regulatory liabilities, deferred 119 136
Deferred over recovered regulatory clause revenues 64 0
Other deferred credits and liabilities 78 76
Total deferred credits and other liabilities 7,295 7,199
Total Liabilities 15,497 15,448
Redeemable Preferred Stock 85 85
Preference Stock 196 196
Common Stockholders' Equity:    
Common stock 1,222 1,222
Paid-in capital 2,585 2,341
Retained earnings (accumulated deficit) 2,425 2,461
Accumulated other comprehensive income (loss) (33) (32)
Total common stockholders' equity 6,199 5,992
Total Liabilities and Stockholders' Equity 21,977 21,721
Georgia Power [Member]    
Current Assets:    
Cash and cash equivalents 60 67
Receivables —    
Customer accounts receivable 509 541
Unbilled revenues 182 188
Joint owner accounts receivable 73 227
Income taxes receivable, current 0 114
Other accounts and notes receivable 37 57
Affiliated companies 16 18
Accumulated provision for uncollectible accounts (2) (2)
Fossil fuel stock, at average cost 366 402
Materials and supplies, at average cost 463 449
Vacation pay 92 91
Other regulatory assets, current 126 123
Prepaid income taxes 118 156
Other current assets 61 92
Total current assets 2,101 2,523
Property, Plant, and Equipment:    
In service 32,318 31,841
Less accumulated provision for depreciation 11,045 10,903
Plant in service, net of depreciation 21,273 20,938
Other utility plant, net 158 171
Nuclear fuel, at amortized cost 582 572
Construction work in progress 4,817 4,775
Total property, plant, and equipment 26,830 26,456
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 60 64
Nuclear decommissioning trusts, at fair value 793 775
Miscellaneous property and investments 43 43
Total other property and investments 896 882
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 680 679
Other regulatory assets, deferred 2,138 2,152
Other deferred charges and assets 157 173
Total deferred charges and other assets 2,975 3,004
Total Assets 32,802 32,865
Current Liabilities:    
Securities due within one year 458 712
Notes payable 0 158
Accounts payable —    
Affiliated accounts payable 370 411
Other accounts payable 549 750
Customer deposits 266 264
Accrued taxes —    
Accrued income taxes 0 12
Other accrued taxes 101 325
Accrued interest 102 99
Accrued vacation pay 62 62
Accrued compensation 60 142
Asset retirement obligations, current 184 179
Other current liabilities 211 181
Total current liabilities 2,363 3,295
Long-term Debt:    
Total Long-term Debt 10,268 9,616
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 5,686 5,627
Deferred credits related to income taxes 105 105
Accumulated deferred investment tax credits 201 204
Employee benefit obligations 930 949
Asset retirement obligations, deferred 1,699 1,737
Other deferred credits and liabilities 395 347
Total deferred credits and other liabilities 9,016 8,969
Total Liabilities 21,647 21,880
Redeemable Preferred Stock 45 45
Preference Stock 221 221
Common Stockholders' Equity:    
Common stock 398 398
Paid-in capital 6,504 6,275
Retained earnings (accumulated deficit) 4,002 4,061
Accumulated other comprehensive income (loss) (15) (15)
Total common stockholders' equity 10,889 10,719
Total Liabilities and Stockholders' Equity 32,802 32,865
Gulf Power [Member]    
Current Assets:    
Cash and cash equivalents 48 74
Receivables —    
Customer accounts receivable 64 76
Unbilled revenues 52 54
Under recovered regulatory clause revenues 21 20
Income taxes receivable, current 0 27
Other accounts and notes receivable 5 9
Affiliated companies 8 1
Accumulated provision for uncollectible accounts (1) (1)
Fossil fuel stock, at average cost 93 108
Materials and supplies, at average cost 58 56
Other regulatory assets, current 90 90
Other current assets 18 22
Total current assets 456 536
Property, Plant, and Equipment:    
In service 5,058 5,045
Less accumulated provision for depreciation 1,324 1,296
Plant in service, net of depreciation 3,734 3,749
Other utility plant, net 60 62
Construction work in progress 57 48
Total property, plant, and equipment 3,851 3,859
Other Property and Investments:    
Total other property and investments 4 4
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 60 61
Other regulatory assets, deferred 420 427
Other deferred charges and assets 37 33
Total deferred charges and other assets 517 521
Total Assets 4,828 4,920
Current Liabilities:    
Securities due within one year 110 110
Notes payable 56 142
Accounts payable —    
Affiliated accounts payable 46 55
Other accounts payable 42 44
Customer deposits 36 36
Accrued taxes —    
Accrued income taxes 10 4
Other accrued taxes 16 9
Accrued interest 20 9
Accrued compensation 8 25
Deferred capacity expense, current 22 22
Liabilities from risk management activities 54 49
Other regulatory liabilities, current 22 22
Other current liabilities 38 40
Total current liabilities 480 567
Long-term Debt:    
Total Long-term Debt 1,193 1,193
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 899 893
Employee benefit obligations 128 129
Deferred capacity expense 136 141
Asset retirement obligations, deferred 114 113
Other cost of removal obligations 233 233
Other regulatory liabilities, deferred 45 47
Other deferred credits and liabilities 100 102
Total deferred credits and other liabilities 1,655 1,658
Total Liabilities 3,328 3,418
Preference Stock 147 147
Common Stockholders' Equity:    
Common stock 503 503
Paid-in capital 569 567
Retained earnings (accumulated deficit) 284 285
Accumulated other comprehensive income (loss) (3) 0
Total common stockholders' equity 1,353 1,355
Total Liabilities and Stockholders' Equity 4,828 4,920
Mississippi Power [Member]    
Current Assets:    
Cash and cash equivalents 58 98
Receivables —    
Customer accounts receivable 23 26
Unbilled revenues 32 36
Income taxes receivable, current 0 20
Other accounts and notes receivable 6 10
Affiliated companies 7 20
Fossil fuel stock, at average cost 99 104
Materials and supplies, at average cost 76 75
Other regulatory assets, current 101 95
Prepaid income taxes 42 39
Other current assets 5 8
Total current assets 449 531
Property, Plant, and Equipment:    
In service 4,905 4,886
Less accumulated provision for depreciation 1,287 1,262
Plant in service, net of depreciation 3,618 3,624
Construction work in progress 2,400 2,254
Total property, plant, and equipment 6,018 5,878
Other Property and Investments:    
Total other property and investments 11 11
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 303 290
Other regulatory assets, deferred 520 525
Income taxes receivable, non-current 544 544
Other deferred charges and assets 71 61
Total deferred charges and other assets 1,438 1,420
Total Assets 7,916 7,840
Current Liabilities:    
Securities due within one year 303 728
Notes payable 25 500
Accounts payable —    
Affiliated accounts payable 82 85
Other accounts payable 108 135
Customer deposits 16 16
Accrued taxes —    
Accrued income taxes 25 85
Accrued interest 21 18
Accrued compensation 10 26
Asset retirement obligations, current 39 22
Over recovered regulatory clause liabilities 106 96
Customer liability associated with Kemper refunds 22 73
Other current liabilities 55 52
Total current liabilities 812 1,836
Long-term Debt:    
Long-term debt, affiliated 776 576
Long-term debt, non-affiliated 2,206 1,310
Total Long-term Debt 2,982 1,886
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 771 762
Deferred credits related to income taxes 8 8
Accumulated deferred investment tax credits 5 5
Employee benefit obligations 149 153
Asset retirement obligations, deferred 136 154
Unrecognized tax benefits 368 368
Other cost of removal obligations 167 165
Other regulatory liabilities, deferred 71 71
Other deferred credits and liabilities 41 40
Total deferred credits and other liabilities 1,716 1,726
Total Liabilities 5,510 5,448
Redeemable Preferred Stock 33 33
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 2,896 2,893
Retained earnings (accumulated deficit) (555) (566)
Accumulated other comprehensive income (loss) (6) (6)
Total common stockholders' equity 2,373 2,359
Total Liabilities and Stockholders' Equity 7,916 7,840
Southern Power [Member]    
Current Assets:    
Cash and cash equivalents 53 830
Receivables —    
Customer accounts receivable 76 75
Other accounts and notes receivable 23 19
Affiliated companies 31 30
Fossil fuel stock, at average cost 14 16
Materials and supplies, at average cost 63 63
Prepaid income taxes 77 45
Prepaid expenses 23 23
Assets from risk management activities 6 7
Total current assets 366 1,108
Property, Plant, and Equipment:    
In service 7,738 7,275
Less accumulated provision for depreciation 1,299 1,248
Plant in service, net of depreciation 6,439 6,027
Construction work in progress 1,535 1,137
Total property, plant, and equipment 7,974 7,164
Other Property and Investments:    
Goodwill 2 2
Other intangible assets, net of amortization 316 317
Total other property and investments 318 319
Deferred Charges and Other Assets:    
Prepaid long-term service agreements 184 166
Other deferred charges and assets -- affiliated 20 9
Other deferred charges and assets 137 139
Total deferred charges and other assets 341 314
Total Assets 8,999 8,905
Current Liabilities:    
Securities due within one year 401 403
Notes payable 413 137
Accounts payable —    
Affiliated accounts payable 62 66
Other accounts payable 347 327
Accrued taxes —    
Accrued income taxes 9 198
Other accrued taxes 16 5
Accrued interest 25 23
Contingent consideration 21 36
Other current liabilities 49 44
Total current liabilities 1,343 1,239
Long-term Debt:    
Total Long-term Debt 2,722 2,719
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 470 601
Accumulated deferred investment tax credits 1,025 889
Accrued income taxes, non-current 109 109
Asset retirement obligations, deferred 25 21
Deferred capacity revenues -- affiliated 6 17
Other deferred credits and liabilities 11 3
Total deferred credits and other liabilities 1,646 1,640
Total Liabilities 5,711 5,598
Redeemable Noncontrolling Interest 44 43
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 1,821 1,822
Retained earnings (accumulated deficit) 640 657
Accumulated other comprehensive income (loss) 5 4
Total common stockholders' equity 2,466 2,483
Noncontrolling Interests, Total 778 781
Total Stockholders' Equity 3,244 3,264
Total Liabilities and Stockholders' Equity $ 8,999 $ 8,905