XML 66 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Consolidated net income $ 926,000,000 $ 2,529,000,000 $ 2,435,000,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 3,457,000,000 2,923,000,000 2,395,000,000
Deferred income taxes 166,000,000 (127,000,000) 1,404,000,000
Amortization of investment tax credits (22,000,000) (22,000,000) (21,000,000)
Collateral deposits (4,000,000) (102,000,000) 0
Allowance for equity funds used during construction (160,000,000) (202,000,000) (226,000,000)
Pension and postretirement funding (2,000,000) (1,029,000,000) (7,000,000)
Settlement of asset retirement obligations (177,000,000) (171,000,000) (37,000,000)
Stock based compensation expense 109,000,000 121,000,000 99,000,000
Hedge settlements 6,000,000 (233,000,000) (17,000,000)
Estimated Loss On Integrated Coal Gasification Combined Cycle Project, Non-Cash 3,179,000,000 428,000,000 365,000,000
Income taxes receivable, non-current (47,000,000) (122,000,000) (413,000,000)
Other, net (109,000,000) (99,000,000) 49,000,000
Changes in certain current assets and liabilities —      
-Receivables (199,000,000) (544,000,000) 243,000,000
-Fossil fuel for generation 36,000,000 178,000,000 61,000,000
-Natural gas for sale 36,000,000 (226,000,000) 0
-Other current assets (143,000,000) (206,000,000) (152,000,000)
-Accounts payable (280,000,000) 301,000,000 (353,000,000)
-Accrued taxes (142,000,000) 1,456,000,000 352,000,000
-Retail fuel cost over recovery (212,000,000) (231,000,000) 289,000,000
-Mirror CWIP 0 0 (271,000,000)
-Other current liabilities (45,000,000) 250,000,000 58,000,000
Net cash provided from operating activities 6,395,000,000 4,894,000,000 6,274,000,000
Investing Activities:      
Business acquisitions, net of cash acquired (1,070,000,000) (10,689,000,000) (1,719,000,000)
Property additions (7,423,000,000) (7,310,000,000) (5,674,000,000)
Proceeds pursuant to the Toshiba Guarantee, net of joint owner portion 1,682,000,000 0 0
Investment in restricted cash (17,000,000) (733,000,000) (160,000,000)
Distribution of restricted cash 34,000,000 742,000,000 154,000,000
Nuclear decommissioning trust fund purchases (811,000,000) (1,160,000,000) (1,424,000,000)
Nuclear decommissioning trust fund sales 805,000,000 1,154,000,000 1,418,000,000
Cost of removal, net of salvage (313,000,000) (245,000,000) (167,000,000)
Change in construction payables, net 259,000,000 (121,000,000) 402,000,000
Investment in unconsolidated subsidiaries (152,000,000) (1,444,000,000) 0
Payments pursuant to LTSAs (227,000,000) (134,000,000) (197,000,000)
Other investing activities 42,000,000 (108,000,000) 87,000,000
Net cash used for investing activities (7,191,000,000) (20,048,000,000) (7,280,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net (401,000,000) 1,228,000,000 73,000,000
Proceeds —      
Long-term debt 5,858,000,000 16,368,000,000 7,029,000,000
Common stock 793,000,000 3,758,000,000 256,000,000
Preferred stock 250,000,000 0 0
Short-term borrowings 1,259,000,000 0 755,000,000
Redemptions and repurchases —      
Long-term debt (2,930,000,000) (3,145,000,000) (3,604,000,000)
Common stock 0 0 (115,000,000)
Interest-bearing refundable deposits 0 0 (275,000,000)
Preferred and preference stock (658,000,000) 0 (412,000,000)
Short-term borrowings (659,000,000) (478,000,000) (255,000,000)
Distributions to noncontrolling interests (119,000,000) (72,000,000) (18,000,000)
Capital contributions from noncontrolling interests 80,000,000 682,000,000 341,000,000
Purchase of membership interests from noncontrolling interests 0 0 0
Payment of common stock dividends (2,300,000,000) (2,104,000,000) (1,959,000,000)
Other financing activities (222,000,000) (512,000,000) (116,000,000)
Net cash provided from financing activities 951,000,000 15,725,000,000 1,700,000,000
Net Change in Cash and Cash Equivalents 155,000,000 571,000,000 694,000,000
Cash and Cash Equivalents at Beginning of Year 1,975,000,000 1,404,000,000 710,000,000
Cash and Cash Equivalents at End of Year 2,130,000,000 1,975,000,000 1,404,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 1,700,000,000 1,100,000,000 809,000,000
Income taxes (net of refunds) (410,000,000) (148,000,000) (9,000,000)
Noncash transactions -      
Accrued property additions at year-end 985,000,000 1,300,000,000 844,000,000
ALABAMA POWER CO      
Operating Activities:      
Consolidated net income 866,000,000 839,000,000 811,000,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 888,000,000 844,000,000 780,000,000
Deferred income taxes 409,000,000 407,000,000 388,000,000
Amortization of investment tax credits (7,000,000) (8,000,000) (8,000,000)
Allowance for equity funds used during construction (39,000,000) (28,000,000) (60,000,000)
Pension and postretirement funding (2,000,000) (133,000,000) 0
Other, net (14,000,000) (102,000,000) 15,000,000
Changes in certain current assets and liabilities —      
-Receivables (168,000,000) 94,000,000 (160,000,000)
-Other current assets (16,000,000) 1,000,000 40,000,000
-Accounts payable 71,000,000 73,000,000 3,000,000
-Accrued taxes (84,000,000) 93,000,000 138,000,000
-Retail fuel cost over recovery (76,000,000) (162,000,000) 191,000,000
-Other current liabilities 2,000,000 23,000,000 (4,000,000)
Net cash provided from operating activities 1,837,000,000 1,949,000,000 2,142,000,000
Investing Activities:      
Property additions (1,882,000,000) (1,272,000,000) (1,367,000,000)
Nuclear decommissioning trust fund purchases (237,000,000) (352,000,000) (439,000,000)
Nuclear decommissioning trust fund sales 237,000,000 351,000,000 438,000,000
Cost of removal, net of salvage (112,000,000) (94,000,000) (71,000,000)
Change in construction payables, net 161,000,000 (37,000,000) (15,000,000)
Other investing activities (43,000,000) (34,000,000) (34,000,000)
Net cash used for investing activities (1,876,000,000) (1,438,000,000) (1,488,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net 3,000,000 0 0
Proceeds —      
Preferred stock 250,000,000 0 0
Senior notes 1,100,000,000 400,000,000 975,000,000
Pollution control revenue bonds 0 0 80,000,000
Other long-term debt 0 45,000,000 0
Capital contributions from parent company 361,000,000 260,000,000 22,000,000
Redemptions and repurchases —      
Preferred and preference stock (238,000,000) 0 (412,000,000)
Senior notes (525,000,000) (200,000,000) (650,000,000)
Pollution control revenue bonds (36,000,000) 0 (134,000,000)
Payment of common stock dividends (714,000,000) (765,000,000) (571,000,000)
Other financing activities (38,000,000) (25,000,000) (43,000,000)
Net cash provided from financing activities 163,000,000 (285,000,000) (733,000,000)
Net Change in Cash and Cash Equivalents 124,000,000 226,000,000 (79,000,000)
Cash and Cash Equivalents at Beginning of Year 420,000,000 194,000,000 273,000,000
Cash and Cash Equivalents at End of Year 544,000,000 420,000,000 194,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 285,000,000 277,000,000 250,000,000
Income taxes (net of refunds) 236,000,000 (108,000,000) 121,000,000
Noncash transactions -      
Accrued property additions at year-end 245,000,000 84,000,000 121,000,000
GEORGIA POWER CO      
Operating Activities:      
Consolidated net income 1,428,000,000 1,347,000,000 1,277,000,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 1,100,000,000 1,063,000,000 1,029,000,000
Deferred income taxes 458,000,000 383,000,000 173,000,000
Amortization of investment tax credits (10,000,000) (10,000,000) (10,000,000)
Pension, postretirement, and other employee benefits (68,000,000) (33,000,000) 40,000,000
Retail fuel cost-recovery - long-term 0 0 106,000,000
Pension and postretirement funding 0 (287,000,000) (7,000,000)
Settlement of asset retirement obligations (120,000,000) (123,000,000) (29,000,000)
Other deferred charges - affiliated 0 (111,000,000) 0
Other, net (83,000,000) (25,000,000) (70,000,000)
Changes in certain current assets and liabilities —      
-Receivables (256,000,000) 60,000,000 187,000,000
-Fossil fuel for generation (16,000,000) 104,000,000 37,000,000
-Prepaid income taxes (168,000,000) 0 89,000,000
-Other current assets (28,000,000) (38,000,000) (62,000,000)
-Accounts payable (219,000,000) (42,000,000) (259,000,000)
-Accrued taxes 1,000,000 131,000,000 25,000,000
-Retail fuel cost over recovery (84,000,000) (32,000,000) 10,000,000
-Other current liabilities (33,000,000) 28,000,000 (29,000,000)
Net cash provided from operating activities 1,912,000,000 2,425,000,000 2,517,000,000
Investing Activities:      
Property additions (2,704,000,000) (2,223,000,000) (2,091,000,000)
Proceeds pursuant to the Toshiba Guarantee, net of joint owner portion 1,682,000,000 0 0
Nuclear decommissioning trust fund purchases (574,000,000) (808,000,000) (985,000,000)
Nuclear decommissioning trust fund sales 568,000,000 803,000,000 980,000,000
Cost of removal, net of salvage (100,000,000) (83,000,000) (71,000,000)
Change in construction payables, net of joint owner portion 223,000,000 (35,000,000) 217,000,000
Payments pursuant to LTSAs (64,000,000) (34,000,000) (66,000,000)
Sale of property 96,000,000 10,000,000 70,000,000
Other investing activities (39,000,000) 23,000,000 2,000,000
Net cash used for investing activities (912,000,000) (2,347,000,000) (1,944,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net (391,000,000) 234,000,000 2,000,000
Proceeds —      
Short-term borrowings 700,000,000 0 250,000,000
Senior notes 1,350,000,000 650,000,000 500,000,000
Pollution control revenue bonds 65,000,000 0 409,000,000
Other long-term debt 370,000,000 0 0
Capital contributions from parent company 431,000,000 594,000,000 62,000,000
FFB loan 0 425,000,000 1,000,000,000
Redemptions and repurchases —      
Preferred and preference stock (270,000,000) 0 0
Short-term borrowings (550,000,000) 0 (250,000,000)
Senior notes (450,000,000) (700,000,000) (1,175,000,000)
Pollution control revenue bonds (65,000,000) (4,000,000) (268,000,000)
Payment of common stock dividends (1,281,000,000) (1,305,000,000) (1,034,000,000)
Other financing activities (60,000,000) (36,000,000) (26,000,000)
Net cash provided from financing activities (151,000,000) (142,000,000) (530,000,000)
Net Change in Cash and Cash Equivalents 849,000,000 (64,000,000) 43,000,000
Cash and Cash Equivalents at Beginning of Year 3,000,000 67,000,000 24,000,000
Cash and Cash Equivalents at End of Year 852,000,000 3,000,000 67,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 386,000,000 375,000,000 353,000,000
Income taxes (net of refunds) 496,000,000 170,000,000 506,000,000
Noncash transactions -      
Accrued property additions at year-end 550,000,000 336,000,000 387,000,000
Capital lease obligation 0 0 149,000,000
GULF POWER CO      
Operating Activities:      
Consolidated net income 139,000,000 140,000,000 157,000,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 149,000,000 179,000,000 152,000,000
Deferred income taxes 72,000,000 57,000,000 90,000,000
Pension and postretirement funding 0 (48,000,000) 0
Loss on Plant Scherer Unit 3 33,000,000 0 0
Other, net (3,000,000) (3,000,000) 4,000,000
Changes in certain current assets and liabilities —      
-Receivables (43,000,000) 15,000,000 33,000,000
-Fossil fuel for generation 8,000,000 37,000,000 (6,000,000)
-Prepaid income taxes 8,000,000 (11,000,000) 32,000,000
-Other current assets (2,000,000) (1,000,000) (2,000,000)
-Accounts payable 20,000,000 5,000,000 (22,000,000)
-Over recovered regulatory clause revenues (12,000,000) 1,000,000 22,000,000
-Other current liabilities (13,000,000) 8,000,000 0
Net cash provided from operating activities 356,000,000 379,000,000 460,000,000
Investing Activities:      
Property additions (202,000,000) (178,000,000) (235,000,000)
Cost of removal, net of salvage (21,000,000) (9,000,000) (10,000,000)
Change in construction payables, net (2,000,000) 13,000,000 (28,000,000)
Other investing activities (9,000,000) (6,000,000) (8,000,000)
Net cash used for investing activities (234,000,000) (180,000,000) (281,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net (223,000,000) 126,000,000 32,000,000
Proceeds —      
Common stock 175,000,000 0 20,000,000
Senior notes 300,000,000 0 0
Pollution control revenue bonds 0 0 13,000,000
Capital contributions from parent company 2,000,000 20,000,000 4,000,000
Redemptions and repurchases —      
Preferred and preference stock (150,000,000) 0 0
Senior notes (85,000,000) (235,000,000) (60,000,000)
Pollution control revenue bonds 0 0 (13,000,000)
Payment of common stock dividends (165,000,000) (120,000,000) (130,000,000)
Other financing activities (4,000,000) (8,000,000) (10,000,000)
Net cash provided from financing activities (150,000,000) (217,000,000) (144,000,000)
Net Change in Cash and Cash Equivalents (28,000,000) (18,000,000) 35,000,000
Cash and Cash Equivalents at Beginning of Year 56,000,000 74,000,000 39,000,000
Cash and Cash Equivalents at End of Year 28,000,000 56,000,000 74,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 46,000,000 53,000,000 52,000,000
Income taxes (net of refunds) 12,000,000 21,000,000 (7,000,000)
Noncash transactions -      
Accrued property additions at year-end 31,000,000 33,000,000 20,000,000
Receivables related to energy services (7,000,000) 0 0
Receivables Related to Energy Services 7,000,000 0 0
MISSISSIPPI POWER CO      
Operating Activities:      
Consolidated net income (2,588,000,000) (48,000,000) (6,000,000)
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 198,000,000 157,000,000 126,000,000
Deferred income taxes (727,000,000) (67,000,000) 777,000,000
Investment tax credits 0 0 (210,000,000)
Amortization of investment tax credits (1,000,000) (1,000,000) (1,000,000)
Allowance for equity funds used during construction (72,000,000) (124,000,000) (110,000,000)
Pension and postretirement funding 0 (47,000,000) 0
Regulatory assets associated with Kemper IGCC (19,000,000) (12,000,000) (61,000,000)
Estimated Loss On Integrated Coal Gasification Combined Cycle Project, Non-Cash 3,179,000,000 428,000,000 365,000,000
Income taxes receivable, non-current 0 0 (544,000,000)
Other, net (12,000,000) (20,000,000) 8,000,000
Changes in certain current assets and liabilities —      
-Receivables 540,000,000 13,000,000 28,000,000
-Fossil fuel for generation 24,000,000 4,000,000 (4,000,000)
-Prepaid income taxes 0 39,000,000 (35,000,000)
-Other current assets (13,000,000) (12,000,000) (14,000,000)
-Accounts payable (3,000,000) (14,000,000) (34,000,000)
Increase (decrease) in interest payable, net (29,000,000) 27,000,000 (2,000,000)
-Accrued taxes 80,000,000 14,000,000 (11,000,000)
-Over recovered regulatory clause revenues (51,000,000) (45,000,000) 96,000,000
-Mirror CWIP 0 0 (271,000,000)
-Customer liability associated with Kemper refunds (1,000,000) (73,000,000) 73,000,000
-Other current liabilities (3,000,000) 9,000,000 2,000,000
Net cash provided from operating activities 503,000,000 229,000,000 173,000,000
Investing Activities:      
Property additions (429,000,000) (798,000,000) (857,000,000)
Change in construction payables, net (47,000,000) (26,000,000) (9,000,000)
Government grant proceeds 0 137,000,000 0
Other investing activities (28,000,000) (10,000,000) (40,000,000)
Net cash used for investing activities (504,000,000) (697,000,000) (906,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net (18,000,000) 0 0
Proceeds —      
Short-term borrowings 109,000,000 0 505,000,000
Other long-term debt 0 1,200,000,000 0
Capital contributions from parent company 1,002,000,000 627,000,000 277,000,000
Long-term debt issuance to parent company 40,000,000 200,000,000 275,000,000
Redemptions and repurchases —      
Short-term borrowings (109,000,000) (478,000,000) (5,000,000)
Senior notes (35,000,000) (300,000,000) 0
Long-term debt redemption to parent company (591,000,000) (225,000,000) 0
Other long-term debt (300,000,000) (425,000,000) (350,000,000)
Other financing activities (2,000,000) (2,000,000) (1,000,000)
Repayments of long-term capital lease obligations 71,000,000 3,000,000 3,000,000
Net cash provided from financing activities 25,000,000 594,000,000 698,000,000
Net Change in Cash and Cash Equivalents 24,000,000 126,000,000 (35,000,000)
Cash and Cash Equivalents at Beginning of Year 224,000,000 98,000,000 133,000,000
Cash and Cash Equivalents at End of Year 248,000,000 224,000,000 98,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 65,000,000 50,000,000 45,000,000
Income taxes (net of refunds) (424,000,000) (97,000,000) (33,000,000)
Noncash transactions -      
Accrued property additions at year-end 32,000,000 78,000,000 105,000,000
Issuance of promissory note to parent related to repayment of interest-bearing refundable deposits and accrued interest 0 0 301,000,000
SOUTHERN POWER CO      
Operating Activities:      
Consolidated net income 1,117,000,000 374,000,000 229,000,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 536,000,000 370,000,000 254,000,000
Deferred income taxes (263,000,000) (1,063,000,000) 42,000,000
Investment tax credits 0 0 162,000,000
Amortization of investment tax credits (57,000,000) (37,000,000) (19,000,000)
Collateral deposits (4,000,000) (102,000,000) 0
Income taxes receivable, non-current (61,000,000) (13,000,000) 0
Accrued income taxes, non-current 14,000,000 (109,000,000) 109,000,000
Other, net (9,000,000) 12,000,000 (2,000,000)
Changes in certain current assets and liabilities —      
-Receivables (60,000,000) (54,000,000) 18,000,000
-Other current assets (4,000,000) (25,000,000) (30,000,000)
-Accrued taxes (55,000,000) 940,000,000 269,000,000
-Other current liabilities 1,000,000 46,000,000 (29,000,000)
Net cash provided from operating activities 1,155,000,000 339,000,000 1,003,000,000
Investing Activities:      
Business acquisitions, net of cash acquired (1,032,000,000) (2,294,000,000) (1,719,000,000)
Property additions (268,000,000) (2,114,000,000) (1,005,000,000)
Investment in restricted cash (16,000,000) (733,000,000) (159,000,000)
Distribution of restricted cash 34,000,000 736,000,000 154,000,000
Change in construction payables, net of joint owner portion (153,000,000) (57,000,000) 251,000,000
Payments pursuant to long-term service agreements (203,000,000) (350,000,000) (82,000,000)
Other investing activities 15,000,000 15,000,000 22,000,000
Net cash used for investing activities (1,623,000,000) (4,797,000,000) (2,538,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net (104,000,000) 73,000,000 (58,000,000)
Proceeds —      
Senior notes 525,000,000 2,831,000,000 1,650,000,000
Other long-term debt 43,000,000 65,000,000 402,000,000
Capital contributions from parent company 0 1,850,000,000 646,000,000
Redemptions and repurchases —      
Senior notes (500,000,000) (200,000,000) (525,000,000)
Other long-term debt (18,000,000) (86,000,000) (4,000,000)
Distributions to noncontrolling interests (119,000,000) (57,000,000) (18,000,000)
Capital contributions from noncontrolling interests 80,000,000 682,000,000 341,000,000
Purchase of membership interests from noncontrolling interests (59,000,000) (129,000,000) 0
Payment of common stock dividends (317,000,000) (272,000,000) (131,000,000)
Other financing activities (33,000,000) (30,000,000) (13,000,000)
Net cash provided from financing activities (502,000,000) 4,727,000,000 2,290,000,000
Net Change in Cash and Cash Equivalents (970,000,000) 269,000,000 755,000,000
Cash and Cash Equivalents at Beginning of Year 1,099,000,000 830,000,000 75,000,000
Cash and Cash Equivalents at End of Year 129,000,000 1,099,000,000 830,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 189,000,000 89,000,000 74,000,000
Income taxes (net of refunds) (487,000,000) 116,000,000 (518,000,000)
Noncash transactions -      
Accrued property additions at year-end 32,000,000 251,000,000 257,000,000
Acquisitions 0 461,000,000 0
SOUTHERN Co GAS      
Operating Activities:      
Consolidated net income 243,000,000    
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 501,000,000    
Deferred income taxes 236,000,000    
Amortization of investment tax credits (4,000,000)    
Pension, postretirement, and other employee benefits (1,000,000)    
Pension and postretirement funding 0    
Loss on Plant Scherer Unit 3 0    
Stock based compensation expense 32,000,000    
Hedge settlements 0    
Goodwill impairment 0    
Mark-to-market adjustments (24,000,000)    
Other, net (83,000,000)    
Changes in certain current assets and liabilities —      
-Receivables (91,000,000)    
-Prepaid income taxes (39,000,000)    
-Natural gas for sale 36,000,000    
-Other current assets (24,000,000)    
-Accounts payable (20,000,000)    
-Accrued taxes 110,000,000    
-Accrued compensation 15,000,000    
Other current liabilities (8,000,000)    
Net cash provided from operating activities 883,000,000    
Investing Activities:      
Property additions (1,514,000,000)    
Cost of removal, net of salvage (66,000,000)    
Change in construction payables, net 72,000,000    
Investment in unconsolidated subsidiaries (145,000,000)    
Returned investment in unconsolidated subsidiaries 80,000,000    
Other investing activities 3,000,000    
Net cash used for investing activities (1,570,000,000)    
Financing Activities:      
Increase (decrease) in notes payable, net 262,000,000    
Proceeds —      
First mortgage bonds 400,000,000    
Senior notes 450,000,000    
Capital contributions from parent company 103,000,000    
Redemptions and repurchases —      
Medium-term notes (22,000,000)    
Senior notes 0    
First mortgage bonds 0    
Distributions to noncontrolling interests 0    
Purchase of 15% noncontrolling interest in SouthStar 0    
Payment of common stock dividends (443,000,000)    
Other financing activities (9,000,000)    
Net cash provided from financing activities 741,000,000    
Net Change in Cash and Cash Equivalents 54,000,000    
Cash and Cash Equivalents at Beginning of Year 19,000,000    
Cash and Cash Equivalents at End of Year 73,000,000 19,000,000  
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized 223,000,000    
Income taxes (net of refunds) 72,000,000    
Noncash transactions -      
Accrued property additions at year-end $ 135,000,000    
Predecessor | SOUTHERN Co GAS      
Operating Activities:      
Consolidated net income     373,000,000
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total     397,000,000
Deferred income taxes     211,000,000
Amortization of investment tax credits     (2,000,000)
Pension, postretirement, and other employee benefits     24,000,000
Pension and postretirement funding     0
Stock based compensation expense     34,000,000
Hedge settlements     0
Goodwill impairment     14,000,000
Mark-to-market adjustments     22,000,000
Other, net     43,000,000
Changes in certain current assets and liabilities —      
-Receivables     615,000,000
-Prepaid income taxes     23,000,000
-Natural gas for sale     72,000,000
-Other current assets     (11,000,000)
-Accounts payable     (434,000,000)
-Accrued taxes     (20,000,000)
-Accrued compensation     (6,000,000)
Other current liabilities     24,000,000
Net cash provided from operating activities     1,381,000,000
Investing Activities:      
Property additions     (961,000,000)
Cost of removal, net of salvage     (84,000,000)
Change in construction payables, net     18,000,000
Investment in unconsolidated subsidiaries     (12,000,000)
Returned investment in unconsolidated subsidiaries     12,000,000
Other investing activities     0
Net cash used for investing activities     (1,027,000,000)
Financing Activities:      
Increase (decrease) in notes payable, net     (165,000,000)
Proceeds —      
First mortgage bonds     0
Senior notes     250,000,000
Capital contributions from parent company     0
Redemptions and repurchases —      
Medium-term notes     0
Senior notes     (200,000,000)
First mortgage bonds     0
Distributions to noncontrolling interests     (18,000,000)
Purchase of 15% noncontrolling interest in SouthStar     0
Payment of common stock dividends     (244,000,000)
Other financing activities     11,000,000
Net cash provided from financing activities     (366,000,000)
Net Change in Cash and Cash Equivalents     (12,000,000)
Cash and Cash Equivalents at Beginning of Year   19,000,000 31,000,000
Cash and Cash Equivalents at End of Year     19,000,000
Supplemental Cash Flow Information:      
Interest, net of amounts capitalized   $ 181,000,000  
Income taxes (net of refunds)     (26,000,000)
Noncash transactions -      
Accrued property additions at year-end     $ 48,000,000