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Consolidated Statements of Income (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Revenues:      
Retail revenues $ 15,071,000,000 $ 14,791,000,000 $ 13,307,000,000
Wholesale revenues 1,905,000,000 1,994,000,000 1,802,000,000
Other electric revenues 611,000,000 589,000,000 533,000,000
Other revenues 70,000,000 82,000,000 101,000,000
Total operating revenues 17,657,000,000 17,456,000,000 15,743,000,000
Operating Expenses:      
Fuel 6,262,000,000 6,699,000,000 5,952,000,000
Purchased power 608,000,000 563,000,000 474,000,000
Other operations and maintenance 3,938,000,000 4,010,000,000 3,526,000,000
Charge recorded from the MC Asset recovery litigation settlement     202,000,000
Depreciation and amortization 1,717,000,000 1,513,000,000 1,503,000,000
Taxes other than income taxes 901,000,000 869,000,000 818,000,000
Total operating expenses 13,426,000,000 13,654,000,000 12,475,000,000
Operating Income 4,231,000,000 3,802,000,000 3,268,000,000
Other Income and (Expense):      
Allowance for equity funds used during construction 153,000,000 194,000,000 200,000,000
Interest income 21,000,000 24,000,000 23,000,000
Interest expense, net of amounts capitalized (857,000,000) (895,000,000) (905,000,000)
Other income (expense), net (40,000,000) (35,000,000) 41,000,000
Total other income and (expense) (744,000,000) (736,000,000) (664,000,000)
Earnings Before Income Taxes 3,487,000,000 3,066,000,000 2,604,000,000
Income taxes 1,219,000,000 1,026,000,000 896,000,000
Consolidated Net Income 2,268,000,000 2,040,000,000 1,708,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 65,000,000 65,000,000 65,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 2,203,000,000 1,975,000,000 1,643,000,000
Earnings per share (EPS) -      
Basic EPS $ 2.57 $ 2.37 $ 2.07
Diluted EPS $ 2.55 $ 2.36 $ 2.06
Average number of shares of common stock outstanding (in millions)      
Basic 857 832 795
Diluted 864 837 796
Cash dividends paid per share of common stock $ 1.8725 $ 1.8025 $ 1.7325
Alabama Power [Member]
     
Operating Revenues:      
Retail revenues 4,972,000,000 5,076,000,000 4,497,000,000
Wholesale revenues, non-affiliates 287,000,000 465,000,000 620,000,000
Wholesale revenues, affiliates 244,000,000 236,000,000 237,000,000
Other revenues 199,000,000 199,000,000 175,000,000
Total operating revenues 5,702,000,000 5,976,000,000 5,529,000,000
Operating Expenses:      
Fuel 1,679,000,000 1,851,000,000 1,824,000,000
Purchased power, non-affiliates 73,000,000 72,000,000 88,000,000
Purchased power, affiliates 198,000,000 208,000,000 219,000,000
Other operations and maintenance 1,262,000,000 1,418,000,000 1,211,000,000
Depreciation and amortization 637,000,000 606,000,000 545,000,000
Taxes other than income taxes 339,000,000 332,000,000 322,000,000
Total operating expenses 4,188,000,000 4,487,000,000 4,209,000,000
Operating Income 1,514,000,000 1,489,000,000 1,320,000,000
Other Income and (Expense):      
Allowance for equity funds used during construction 22,000,000 36,000,000 79,000,000
Interest income 18,000,000 17,000,000 17,000,000
Interest expense, net of amounts capitalized (299,000,000) (303,000,000) (298,000,000)
Other income (expense), net (30,000,000) (30,000,000) (25,000,000)
Total other income and (expense) (289,000,000) (280,000,000) (227,000,000)
Earnings Before Income Taxes 1,225,000,000 1,209,000,000 1,093,000,000
Income taxes 478,000,000 463,000,000 384,000,000
Consolidated Net Income 747,000,000 746,000,000 709,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 39,000,000 39,000,000 39,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 708,000,000 707,000,000 670,000,000
Georgia Power [Member]
     
Operating Revenues:      
Retail revenues 8,099,000,000 7,608,000,000 6,912,000,000
Wholesale revenues, non-affiliates 341,000,000 380,000,000 395,000,000
Wholesale revenues, affiliates 32,000,000 53,000,000 112,000,000
Other revenues 328,000,000 308,000,000 273,000,000
Total operating revenues 8,800,000,000 8,349,000,000 7,692,000,000
Operating Expenses:      
Fuel 2,789,000,000 3,102,000,000 2,717,000,000
Purchased power, non-affiliates 390,000,000 368,000,000 269,000,000
Purchased power, affiliates 713,000,000 578,000,000 710,000,000
Other operations and maintenance 1,777,000,000 1,734,000,000 1,494,000,000
Depreciation and amortization 715,000,000 558,000,000 655,000,000
Taxes other than income taxes 369,000,000 344,000,000 317,000,000
Total operating expenses 6,753,000,000 6,684,000,000 6,162,000,000
Operating Income 2,047,000,000 1,665,000,000 1,530,000,000
Other Income and (Expense):      
Allowance for equity funds used during construction 96,000,000 147,000,000 97,000,000
Interest expense, net of amounts capitalized (343,000,000) (375,000,000) (386,000,000)
Other income (expense), net (13,000,000) (17,000,000)  
Total other income and (expense) (260,000,000) (245,000,000) (289,000,000)
Earnings Before Income Taxes 1,787,000,000 1,420,000,000 1,241,000,000
Income taxes 625,000,000 453,000,000 410,000,000
Consolidated Net Income 1,162,000,000 967,000,000 831,000,000
Dividends on Preferred and Preference Stock of Subsidiaries 17,000,000 17,000,000 17,000,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 1,145,000,000 950,000,000 814,000,000
Gulf Power [Member]
     
Operating Revenues:      
Retail revenues 1,208,490,000 1,308,726,000 1,106,568,000
Wholesale revenues, non-affiliates 133,555,000 109,172,000 94,105,000
Wholesale revenues, affiliates 111,346,000 110,051,000 32,095,000
Other revenues 66,421,000 62,260,000 69,461,000
Total operating revenues 1,519,812,000 1,590,209,000 1,302,229,000
Operating Expenses:      
Fuel 662,283,000 742,322,000 573,407,000
Purchased power, non-affiliates 48,882,000 41,278,000 23,706,000
Purchased power, affiliates 41,612,000 55,948,000 68,276,000
Other operations and maintenance 311,358,000 280,585,000 260,274,000
Depreciation and amortization 129,651,000 121,498,000 93,398,000
Taxes other than income taxes 101,302,000 101,778,000 94,506,000
Total operating expenses 1,295,088,000 1,343,409,000 1,113,567,000
Operating Income 224,724,000 246,800,000 188,662,000
Other Income and (Expense):      
Allowance for equity funds used during construction 9,914,000 7,213,000 23,809,000
Interest expense, net of amounts capitalized (58,150,000) (51,897,000) (38,358,000)
Other income (expense), net (4,012,000) (2,888,000) (3,652,000)
Total other income and (expense) (52,248,000) (47,572,000) (18,201,000)
Earnings Before Income Taxes 172,476,000 199,228,000 170,461,000
Income taxes 61,268,000 71,514,000 53,025,000
Consolidated Net Income 111,208,000 127,714,000 117,436,000
Dividends on Preferred and Preference Stock of Subsidiaries 6,203,000 6,203,000 6,203,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 105,005,000 121,511,000 111,233,000
Mississippi Power [Member]
     
Operating Revenues:      
Retail revenues 792,463,000 797,912,000 790,950,000
Wholesale revenues, non-affiliates 273,178,000 287,917,000 299,268,000
Wholesale revenues, affiliates 30,417,000 41,614,000 44,546,000
Other revenues 16,819,000 15,625,000 14,657,000
Total operating revenues 1,112,877,000 1,143,068,000 1,149,421,000
Operating Expenses:      
Fuel 490,415,000 501,830,000 519,687,000
Purchased power, non-affiliates 6,239,000 8,426,000 8,831,000
Purchased power, affiliates 65,574,000 75,230,000 83,104,000
Other operations and maintenance 266,395,000 268,063,000 246,758,000
Depreciation and amortization 80,337,000 76,891,000 70,916,000
Taxes other than income taxes 70,127,000 69,810,000 64,068,000
Total operating expenses 979,087,000 1,000,250,000 993,364,000
Operating Income 133,790,000 142,818,000 156,057,000
Other Income and (Expense):      
Allowance for equity funds used during construction 24,707,000 3,795,000 387,000
Interest income 1,347,000 215,000 804,000
Interest expense, net of amounts capitalized (21,691,000) (22,341,000) (22,940,000)
Other income (expense), net (45,000) 3,738,000 2,606,000
Total other income and (expense) 4,318,000 (14,593,000) (19,143,000)
Earnings Before Income Taxes 138,108,000 128,225,000 136,914,000
Income taxes 42,193,000 46,275,000 50,214,000
Consolidated Net Income 95,915,000 81,950,000 86,700,000
Dividends on Preferred and Preference Stock of Subsidiaries 1,733,000 1,733,000 1,733,000
Consolidated Net Income After Dividends on Preferred and Preference Stock of Subsidiaries 94,182,000 80,217,000 84,967,000
Southern Power [Member]
     
Operating Revenues:      
Wholesale revenues, non-affiliates 870,607,000 752,772,000 394,366,000
Wholesale revenues, affiliates 358,585,000 370,630,000 544,415,000
Other revenues 6,769,000 6,939,000 7,870,000
Total operating revenues 1,235,961,000 1,130,341,000 946,651,000
Operating Expenses:      
Fuel 454,790,000 391,535,000 232,466,000
Purchased power, non-affiliates 78,368,000 72,657,000 79,355,000
Purchased power, affiliates 52,924,000 97,408,000 64,587,000
Other operations and maintenance 171,538,000 148,238,000 136,655,000
Loss (gain) on sale of property   478,000 4,977,000
Depreciation and amortization 124,204,000 119,333,000 98,135,000
Taxes other than income taxes 17,686,000 17,831,000 16,920,000
Total operating expenses 899,510,000 847,480,000 633,095,000
Operating Income 336,451,000 282,861,000 313,556,000
Other Income and (Expense):      
Loss on extinguishment of debt (19,806,000)    
Interest expense, net of amounts capitalized (77,334,000) (76,120,000) (84,963,000)
Profit recognized on construction   470,000 13,296,000
Other income (expense), net (1,223,000) (546,000) (374,000)
Total other income and (expense) (98,363,000) (76,196,000) (72,041,000)
Earnings Before Income Taxes 238,088,000 206,665,000 241,515,000
Income taxes 75,857,000 75,356,000 85,663,000
Consolidated Net Income $ 162,231,000 $ 131,309,000 $ 155,852,000