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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 2,669 $ 1,404
Receivables —    
Customer accounts receivable 1,718 1,058
Energy marketing receivable 526 0
Unbilled revenues 639 397
Under recovered regulatory clause revenues 54 63
Income taxes receivable, current 0 144
Other accounts and notes receivable 317 398
Accumulated provision for uncollectible accounts (43) (13)
Materials and supplies 1,268 1,061
Fossil fuel stock 664 868
Natural gas for sale 627 0
Vacation pay 178 178
Prepaid expenses 459 495
Other regulatory assets, current 414 402
Other current assets 168 71
Total current assets 9,658 6,526
Property, Plant, and Equipment:    
In service 94,174 75,118
Less accumulated provision for depreciation 29,590 24,253
Plant in service, net of depreciation 64,584 50,865
Other utility plant, net 0 233
Nuclear fuel, at amortized cost 901 934
Construction work in progress 10,069 9,082
Total property, plant, and equipment 75,554 61,114
Other Property and Investments:    
Goodwill 6,223 2
Equity investments in unconsolidated subsidiaries 1,541 6
Other intangible assets, net of amortization 942 317
Nuclear decommissioning trusts, at fair value 1,616 1,512
Leveraged leases 769 755
Miscellaneous property and investments 249 160
Total other property and investments 11,340 2,752
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 1,590 1,560
Unamortized loss on reacquired debt 228 227
Other regulatory assets, deferred 6,446 4,989
Income taxes receivable, non-current 413 413
Other deferred charges and assets -- non-affiliated 1,133 737
Total deferred charges and other assets 9,810 7,926
Total Assets 106,362 78,318
Current Liabilities:    
Securities due within one year 2,254 2,674
Notes payable 1,670 1,376
Energy marketing trade payables 533 0
Accounts payable —    
Accounts payable 1,732 1,905
Customer deposits 577 404
Accrued taxes —    
Accrued income taxes 375 19
Other accrued taxes 641 484
Accrued interest 410 249
Accrued vacation pay 231 228
Accrued compensation 505 549
Asset retirement obligations, current 390 217
Liabilities from risk management activities 125 156
Other regulatory liabilities, current 99 278
Mandatorily redeemable noncontrolling interest 174 0
Other current liabilities 851 590
Total current liabilities 10,567 9,129
Long-term Debt:    
Total Long-term Debt 41,550 24,688
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 14,218 12,322
Deferred credits related to income taxes 204 187
Accumulated deferred investment tax credits 1,721 1,219
Employee benefit obligations 3,022 2,582
Asset retirement obligations, deferred 4,124 3,542
Accrued Environmental Loss Contingencies, Noncurrent 415 42
Unrecognized tax benefits 381 370
Other cost of removal obligations 2,771 1,162
Other regulatory liabilities, deferred 401 254
Other deferred credits and liabilities 641 678
Total deferred credits and other liabilities 27,898 22,358
Total Liabilities 80,015 56,175
Redeemable Preferred Stock of Subsidiaries 118 118
Redeemable Noncontrolling Interest 49 43
Common Stockholders' Equity:    
Common stock 4,900 4,572
Paid-in capital 9,217 6,282
Treasury, at cost (30) (142)
Retained earnings (accumulated deficit) 10,685 10,010
Accumulated other comprehensive income (loss) (225) (130)
Total common stockholders' equity 24,547 20,592
Preferred and Preference Stock of Subsidiaries 609 609
Noncontrolling Interests 1,024 781
Total Stockholders' Equity 26,180 21,982
Total Liabilities and Stockholders' Equity 106,362 78,318
Alabama Power [Member]    
Current Assets:    
Cash and cash equivalents 556 194
Receivables —    
Customer accounts receivable 440 332
Unbilled revenues 155 119
Under recovered regulatory clause revenues 52 43
Income taxes receivable, current 0 142
Other accounts and notes receivable 43 20
Affiliated 30 50
Accumulated provision for uncollectible accounts (9) (10)
Materials and supplies 420 398
Fossil fuel stock 220 239
Vacation pay 66 66
Prepaid expenses 56 83
Other regulatory assets, current 73 115
Other current assets 9 10
Total current assets 2,111 1,801
Property, Plant, and Equipment:    
In service 25,800 24,750
Less accumulated provision for depreciation 9,018 8,736
Plant in service, net of depreciation 16,782 16,014
Nuclear fuel, at amortized cost 345 363
Construction work in progress 473 801
Total property, plant, and equipment 17,600 17,178
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 67 71
Nuclear decommissioning trusts, at fair value 781 737
Miscellaneous property and investments 105 96
Total other property and investments 953 904
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 518 522
Deferred under recovered regulatory clause revenues 87 99
Other regulatory assets, deferred 1,070 1,114
Other deferred charges and assets -- non-affiliated 118 103
Total deferred charges and other assets 1,793 1,838
Total Assets 22,457 21,721
Current Liabilities:    
Securities due within one year 236 200
Accounts payable —    
Affiliated 309 278
Other 233 410
Customer deposits 88 88
Accrued taxes —    
Accrued income taxes 73 0
Other accrued taxes 125 38
Accrued interest 69 73
Accrued vacation pay 55 55
Accrued compensation 97 119
Liabilities from risk management activities 10 55
Other regulatory liabilities, current 1 240
Other current liabilities 65 39
Total current liabilities 1,361 1,595
Long-term Debt:    
Total Long-term Debt 6,859 6,654
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,505 4,241
Deferred credits related to income taxes 67 70
Accumulated deferred investment tax credits 112 118
Employee benefit obligations 366 388
Asset retirement obligations, deferred 1,501 1,448
Other cost of removal obligations 695 722
Other regulatory liabilities, deferred 95 136
Deferred over recovered regulatory clause revenues 157 0
Other deferred credits and liabilities 56 76
Total deferred credits and other liabilities 7,554 7,199
Total Liabilities 15,774 15,448
Redeemable Preferred Stock 85 85
Preference Stock 196 196
Common Stockholders' Equity:    
Common stock 1,222 1,222
Paid-in capital 2,607 2,341
Retained earnings (accumulated deficit) 2,604 2,461
Accumulated other comprehensive income (loss) (31) (32)
Total common stockholders' equity 6,402 5,992
Total Liabilities and Stockholders' Equity 22,457 21,721
Georgia Power [Member]    
Current Assets:    
Cash and cash equivalents 47 67
Receivables —    
Customer accounts receivable 718 541
Unbilled revenues 298 188
Joint owner accounts receivable 46 227
Income taxes receivable, current 0 114
Other accounts and notes receivable 55 57
Affiliated 15 18
Accumulated provision for uncollectible accounts (2) (2)
Materials and supplies 470 449
Fossil fuel stock 274 402
Vacation pay 90 91
Prepaid income taxes 111 156
Other regulatory assets, current 115 123
Other current assets 89 92
Total current assets 2,326 2,523
Property, Plant, and Equipment:    
In service 33,394 31,841
Less accumulated provision for depreciation 11,234 10,903
Plant in service, net of depreciation 22,160 20,938
Other utility plant, net 0 171
Nuclear fuel, at amortized cost 556 572
Construction work in progress 4,888 4,775
Total property, plant, and equipment 27,604 26,456
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 61 64
Nuclear decommissioning trusts, at fair value 835 775
Miscellaneous property and investments 42 43
Total other property and investments 938 882
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 675 679
Other regulatory assets, deferred 2,530 2,152
Other deferred charges and assets -- non-affiliated 175 173
Total deferred charges and other assets 3,380 3,004
Total Assets 34,248 32,865
Current Liabilities:    
Securities due within one year 458 712
Notes payable 95 158
Accounts payable —    
Affiliated 451 411
Other 464 750
Customer deposits 265 264
Accrued taxes —    
Accrued income taxes 14 12
Other accrued taxes 310 325
Accrued interest 110 99
Accrued vacation pay 62 62
Accrued compensation 118 142
Asset retirement obligations, current 313 179
Over recovered regulatory clause revenues, current 125 10
Other current liabilities 197 171
Total current liabilities 2,982 3,295
Long-term Debt:    
Total Long-term Debt 10,114 9,616
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 5,969 5,627
Deferred credits related to income taxes 103 105
Accumulated deferred investment tax credits 199 204
Employee benefit obligations 906 949
Asset retirement obligations, deferred 2,241 1,737
Other deferred credits and liabilities 203 347
Total deferred credits and other liabilities 9,621 8,969
Total Liabilities 22,717 21,880
Redeemable Preferred Stock 45 45
Preference Stock 221 221
Common Stockholders' Equity:    
Common stock 398 398
Paid-in capital 6,585 6,275
Retained earnings (accumulated deficit) 4,295 4,061
Accumulated other comprehensive income (loss) (13) (15)
Total common stockholders' equity 11,265 10,719
Total Liabilities and Stockholders' Equity 34,248 32,865
Gulf Power [Member]    
Current Assets:    
Cash and cash equivalents 69 74
Receivables —    
Customer accounts receivable 94 76
Unbilled revenues 74 54
Under recovered regulatory clause revenues 2 20
Income taxes receivable, current 0 27
Other accounts and notes receivable 4 9
Affiliated 3 1
Accumulated provision for uncollectible accounts (1) (1)
Materials and supplies 56 56
Fossil fuel stock 59 108
Other regulatory assets, current 62 90
Other current assets 15 22
Total current assets 437 536
Property, Plant, and Equipment:    
In service 5,073 5,045
Less accumulated provision for depreciation 1,387 1,296
Plant in service, net of depreciation 3,686 3,749
Other utility plant, net 0 62
Construction work in progress 64 48
Total property, plant, and equipment 3,750 3,859
Other Property and Investments:    
Total other property and investments 4 4
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 59 61
Other regulatory assets, deferred 507 427
Other deferred charges and assets -- non-affiliated 45 33
Total deferred charges and other assets 611 521
Total Assets 4,802 4,920
Current Liabilities:    
Securities due within one year 195 110
Notes payable 100 142
Accounts payable —    
Affiliated 50 55
Other 41 44
Customer deposits 35 36
Accrued taxes —    
Accrued income taxes 19 4
Other accrued taxes 34 9
Accrued interest 19 9
Accrued compensation 20 25
Deferred capacity expense, current 22 22
Liabilities from risk management activities 30 49
Other regulatory liabilities, current 28 22
Other current liabilities 41 40
Total current liabilities 634 567
Long-term Debt:    
Total Long-term Debt 989 1,193
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 904 893
Employee benefit obligations 125 129
Deferred capacity expense 125 141
Asset retirement obligations, deferred 119 113
Accrued Environmental Loss Contingencies, Noncurrent 41 42
Other cost of removal obligations 248 233
Other regulatory liabilities, deferred 48 47
Other deferred credits and liabilities 41 60
Total deferred credits and other liabilities 1,651 1,658
Total Liabilities 3,274 3,418
Preference Stock 147 147
Common Stockholders' Equity:    
Common stock 503 503
Paid-in capital 579 567
Retained earnings (accumulated deficit) 303 285
Accumulated other comprehensive income (loss) (4) 0
Total common stockholders' equity 1,381 1,355
Total Liabilities and Stockholders' Equity 4,802 4,920
Mississippi Power [Member]    
Current Assets:    
Cash and cash equivalents 159 98
Receivables —    
Customer accounts receivable 39 26
Unbilled revenues 47 36
Income taxes receivable, current 0 20
Other accounts and notes receivable 6 10
Affiliated 17 20
Materials and supplies 75 75
Fossil fuel stock 96 104
Prepaid income taxes 0 39
Other regulatory assets, current 118 95
Other current assets 10 8
Total current assets 567 531
Property, Plant, and Equipment:    
In service 4,835 4,886
Less accumulated provision for depreciation 1,259 1,262
Plant in service, net of depreciation 3,576 3,624
Construction work in progress 2,525 2,254
Total property, plant, and equipment 6,101 5,878
Other Property and Investments:    
Total other property and investments 12 11
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 330 290
Other regulatory assets, deferred 510 525
Income taxes receivable, non-current 544 544
Other deferred charges and assets -- non-affiliated 101 61
Total deferred charges and other assets 1,485 1,420
Total Assets 8,165 7,840
Current Liabilities:    
Securities due within one year 343 728
Notes payable 25 500
Accounts payable —    
Affiliated 92 85
Other 126 135
Customer deposits 16 16
Accrued taxes —    
Accrued income taxes 110 0
Other accrued taxes 75 85
Accrued interest 20 18
Accrued compensation 21 26
Asset retirement obligations, current 36 22
Over recovered regulatory clause liabilities 76 96
Customer liability associated with Kemper refunds 1 73
Other current liabilities 37 52
Total current liabilities 978 1,836
Long-term Debt:    
Long-term Debt, Affiliated 551 576
Long-term debt, non-affiliated 2,161 1,310
Total Long-term Debt 2,712 1,886
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 823 762
Deferred credits related to income taxes 7 8
Employee benefit obligations 146 153
Asset retirement obligations, deferred 154 154
Unrecognized tax benefits 382 368
Other cost of removal obligations 172 165
Other regulatory liabilities, deferred 76 71
Other deferred credits and liabilities 54 45
Total deferred credits and other liabilities 1,814 1,726
Total Liabilities 5,504 5,448
Redeemable Preferred Stock 33 33
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 3,124 2,893
Retained earnings (accumulated deficit) (528) (566)
Accumulated other comprehensive income (loss) (6) (6)
Total common stockholders' equity 2,628 2,359
Total Liabilities and Stockholders' Equity 8,165 7,840
Southern Power [Member]    
Current Assets:    
Cash and cash equivalents 1,091 830
Receivables —    
Customer accounts receivable 121 75
Other accounts and notes receivable 25 19
Affiliated 67 30
Materials and supplies 163 63
Fossil fuel stock 14 16
Prepaid income taxes 61 45
Other current assets 32 30
Total current assets 1,574 1,108
Property, Plant, and Equipment:    
In service 9,491 7,275
Less accumulated provision for depreciation 1,465 1,248
Plant in service, net of depreciation 8,026 6,027
Construction work in progress 1,652 1,137
Total property, plant, and equipment 9,678 7,164
Other Property and Investments:    
Goodwill 2 2
Other intangible assets, net of amortization 389 317
Total other property and investments 391 319
Deferred Charges and Other Assets:    
Prepaid long-term service agreements 151 166
Accumulated deferred income taxes 199 0
Other deferred charges and assets -- affiliated 3 9
Other deferred charges and assets -- non-affiliated 355 139
Total deferred charges and other assets 708 314
Total Assets 12,351 8,905
Current Liabilities:    
Securities due within one year 60 403
Notes payable 828 137
Accounts payable —    
Affiliated 91 66
Other 218 327
Accrued taxes —    
Accrued income taxes 147 198
Other accrued taxes 16 5
Accrued interest 30 23
Business Combination, Contingent Consideration, Liability 30 36
Other current liabilities 97 44
Total current liabilities 1,517 1,239
Long-term Debt:    
Total Long-term Debt 4,548 2,719
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 140 601
Accumulated deferred investment tax credits 1,385 889
Accrued income taxes, non-current 109 109
Asset retirement obligations, deferred 40 21
Deferred capacity revenues -- affiliated 19 17
Other deferred credits and liabilities 115 3
Total deferred credits and other liabilities 1,808 1,640
Total Liabilities 7,873 5,598
Redeemable Noncontrolling Interest 49 43
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 2,620 1,822
Retained earnings (accumulated deficit) 769 657
Accumulated other comprehensive income (loss) 16 4
Total common stockholders' equity 3,405 2,483
Noncontrolling Interests, Total 1,024 781
Total Stockholders' Equity 4,429 3,264
Total Liabilities and Stockholders' Equity $ 12,351 $ 8,905