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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 1,256,000,000 $ 1,315,000,000
Restricted cash and cash equivalents 7,000,000 8,000,000
Receivables --    
Customer accounts receivable 1,369,000,000 1,074,000,000
Unbilled revenues 428,000,000 376,000,000
Under recovered regulatory clause revenues 7,000,000 143,000,000
Other accounts and notes receivable 233,000,000 282,000,000
Accumulated provision for uncollectible accounts (23,000,000) (26,000,000)
Fossil fuel stock, at average cost 1,599,000,000 1,367,000,000
Materials and supplies, at average cost 931,000,000 903,000,000
Vacation pay 161,000,000 160,000,000
Prepaid expenses 519,000,000 385,000,000
Other regulatory assets, current 149,000,000 239,000,000
Other current assets 60,000,000 46,000,000
Total current assets 6,696,000,000 6,272,000,000
Property, Plant, and Equipment:    
In service 61,980,000,000 59,744,000,000
Less accumulated provision for depreciation 21,906,000,000 21,154,000,000
Plant in service, net of depreciation 40,074,000,000 38,590,000,000
Other utility plant, net 51,000,000 55,000,000
Nuclear fuel, at amortized cost 786,000,000 774,000,000
Construction work in progress 6,363,000,000 5,591,000,000
Total property, plant, and equipment 47,274,000,000 45,010,000,000
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,281,000,000 1,207,000,000
Leveraged leases 665,000,000 649,000,000
Miscellaneous property and investments 213,000,000 262,000,000
Total other property and investments 2,159,000,000 2,118,000,000
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 1,389,000,000 1,365,000,000
Unamortized debt issuance expense 139,000,000 156,000,000
Unamortized loss on reacquired debt 302,000,000 285,000,000
Deferred under recovered regulatory clause revenues 27,000,000 48,000,000
Other regulatory assets, deferred 3,409,000,000 3,532,000,000
Other deferred charges and assets 568,000,000 481,000,000
Total deferred charges and other assets 5,834,000,000 5,867,000,000
Total Assets 61,963,000,000 59,267,000,000
Current Liabilities:    
Securities due within one year 2,433,000,000 1,717,000,000
Interest-bearing refundable deposit related to asset sale 150,000,000 0
Notes payable 335,000,000 859,000,000
Accounts payable 1,280,000,000 1,553,000,000
Customer deposits 366,000,000 347,000,000
Accrued taxes --    
Accrued income taxes 65,000,000 36,000,000
Other accrued taxes 490,000,000 425,000,000
Accrued interest 250,000,000 226,000,000
Accrued vacation pay 205,000,000 205,000,000
Accrued compensation 325,000,000 450,000,000
Liabilities from risk management activities 105,000,000 209,000,000
Other regulatory liabilities, current 139,000,000 125,000,000
Other current liabilities 426,000,000 425,000,000
Total current liabilities 6,569,000,000 6,577,000,000
Long-term Debt 18,955,000,000 18,647,000,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 9,672,000,000 8,809,000,000
Deferred credits related to income taxes 213,000,000 224,000,000
Accumulated deferred investment tax credits 807,000,000 611,000,000
Employee benefit obligations 2,449,000,000 2,442,000,000
Asset retirement obligations 1,409,000,000 1,321,000,000
Other cost of removal obligations 1,214,000,000 1,165,000,000
Other regulatory liabilities, deferred 313,000,000 297,000,000
Other deferred credits and liabilities 641,000,000 514,000,000
Total deferred credits and other liabilities 16,718,000,000 15,383,000,000
Total Liabilities 42,242,000,000 40,607,000,000
Redeemable Preferred Stock of Subsidiaries 375,000,000 375,000,000
Common Stockholders' Equity:    
Common stock 4,386,000,000 4,328,000,000
Paid-in capital 4,831,000,000 4,410,000,000
Treasury, at cost (136,000,000) (17,000,000)
Retained earnings 9,670,000,000 8,968,000,000
Accumulated other comprehensive loss (112,000,000) (111,000,000)
Total common stockholders' equity 18,639,000,000 17,578,000,000
Preferred and Preference Stock of Subsidiaries 707,000,000 707,000,000
Total Stockholders' Equity 19,346,000,000 18,285,000,000
Total Liabilities and Stockholders' Equity 61,963,000,000 59,267,000,000
Alabama Power [Member]
   
Current Assets:    
Cash and cash equivalents 366,000,000 344,000,000
Restricted cash and cash equivalents 0 1,000,000
Receivables --    
Customer accounts receivable 446,000,000 332,000,000
Unbilled revenues 121,000,000 126,000,000
Other accounts and notes receivable 59,000,000 35,000,000
Affiliated companies 43,000,000 79,000,000
Accumulated provision for uncollectible accounts (9,000,000) (10,000,000)
Fossil fuel stock, at average cost 437,000,000 344,000,000
Materials and supplies, at average cost 379,000,000 375,000,000
Vacation pay 59,000,000 59,000,000
Prepaid expenses 106,000,000 74,000,000
Other regulatory assets, current 21,000,000 44,000,000
Other current assets 11,000,000 11,000,000
Total current assets 2,039,000,000 1,814,000,000
Property, Plant, and Equipment:    
In service 21,253,000,000 20,809,000,000
Less accumulated provision for depreciation 7,659,000,000 7,344,000,000
Plant in service, net of depreciation 13,594,000,000 13,465,000,000
Nuclear fuel, at amortized cost 328,000,000 330,000,000
Construction work in progress 381,000,000 374,000,000
Total property, plant, and equipment 14,303,000,000 14,169,000,000
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 53,000,000 62,000,000
Nuclear decommissioning trusts, at fair value 597,000,000 540,000,000
Miscellaneous property and investments 74,000,000 73,000,000
Total other property and investments 724,000,000 675,000,000
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 528,000,000 532,000,000
Prepaid pension costs 82,000,000 59,000,000
Deferred under recovered regulatory clause revenues 27,000,000 48,000,000
Other regulatory assets, deferred 965,000,000 994,000,000
Other deferred charges and assets 158,000,000 186,000,000
Total deferred charges and other assets 1,760,000,000 1,819,000,000
Total Assets 18,826,000,000 18,477,000,000
Current Liabilities:    
Securities due within one year 700,000,000 500,000,000
Affiliated 183,000,000 203,000,000
Accounts payable 178,000,000 322,000,000
Customer deposits 86,000,000 85,000,000
Accrued taxes --    
Accrued income taxes 93,000,000 32,000,000
Other accrued taxes 104,000,000 34,000,000
Accrued interest 66,000,000 63,000,000
Accrued vacation pay 48,000,000 48,000,000
Accrued compensation 71,000,000 95,000,000
Liabilities from risk management activities 46,000,000 54,000,000
Other regulatory liabilities, current 5,000,000 18,000,000
Other current liabilities 37,000,000 38,000,000
Total current liabilities 1,617,000,000 1,492,000,000
Long-term Debt 5,430,000,000 5,632,000,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,366,000,000 3,257,000,000
Deferred credits related to income taxes 80,000,000 83,000,000
Accumulated deferred investment tax credits 143,000,000 149,000,000
Employee benefit obligations 356,000,000 343,000,000
Asset retirement obligations 580,000,000 553,000,000
Other cost of removal obligations 751,000,000 703,000,000
Other regulatory liabilities, deferred 185,000,000 156,000,000
Other deferred credits and liabilities 75,000,000 82,000,000
Total deferred credits and other liabilities 5,536,000,000 5,326,000,000
Total Liabilities 12,583,000,000 12,450,000,000
Redeemable Preferred Stock 342,000,000 342,000,000
Preference Stock 343,000,000 343,000,000
Common Stockholders' Equity:    
Common stock 1,222,000,000 1,222,000,000
Paid-in capital 2,220,000,000 2,182,000,000
Retained earnings 2,143,000,000 1,956,000,000
Accumulated other comprehensive loss (27,000,000) (18,000,000)
Total common stockholders' equity 5,558,000,000 5,342,000,000
Total Liabilities and Stockholders' Equity 18,826,000,000 18,477,000,000
Georgia Power [Member]
   
Current Assets:    
Cash and cash equivalents 425,000,000 13,000,000
Receivables --    
Customer accounts receivable 713,000,000 571,000,000
Unbilled revenues 224,000,000 172,000,000
Under recovered regulatory clause revenues 0 137,000,000
Joint owner accounts receivable 48,000,000 87,000,000
Other accounts and notes receivable 54,000,000 61,000,000
Affiliated companies 28,000,000 26,000,000
Accumulated provision for uncollectible accounts (11,000,000) (13,000,000)
Fossil fuel stock, at average cost 849,000,000 723,000,000
Materials and supplies, at average cost 403,000,000 406,000,000
Vacation pay 84,000,000 82,000,000
Prepaid income taxes 122,000,000 71,000,000
Other regulatory assets, current 68,000,000 108,000,000
Other current assets 111,000,000 106,000,000
Total current assets 3,118,000,000 2,550,000,000
Property, Plant, and Equipment:    
In service 28,667,000,000 27,804,000,000
Less accumulated provision for depreciation 10,537,000,000 10,296,000,000
Plant in service, net of depreciation 18,130,000,000 17,508,000,000
Other utility plant, net 51,000,000 55,000,000
Nuclear fuel, at amortized cost 458,000,000 443,000,000
Construction work in progress 3,342,000,000 3,274,000,000
Total property, plant, and equipment 21,981,000,000 21,280,000,000
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 45,000,000 63,000,000
Nuclear decommissioning trusts, at fair value 684,000,000 667,000,000
Miscellaneous property and investments 44,000,000 44,000,000
Total other property and investments 773,000,000 774,000,000
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 760,000,000 756,000,000
Other regulatory assets, deferred 1,534,000,000 1,604,000,000
Other deferred charges and assets 255,000,000 187,000,000
Total deferred charges and other assets 2,549,000,000 2,547,000,000
Total Assets 28,421,000,000 27,151,000,000
Current Liabilities:    
Securities due within one year 1,455,000,000 455,000,000
Notes payable 2,000,000 515,000,000
Affiliated 378,000,000 337,000,000
Accounts payable 441,000,000 686,000,000
Customer deposits 230,000,000 213,000,000
Accrued taxes --    
Accrued income taxes 134,000,000 50,000,000
Other accrued taxes 269,000,000 304,000,000
Accrued interest 117,000,000 92,000,000
Accrued vacation pay 60,000,000 60,000,000
Accrued compensation 87,000,000 125,000,000
Liabilities from risk management activities 31,000,000 68,000,000
Other regulatory liabilities, current 75,000,000 65,000,000
Over recovered regulatory clause liabilities 81,000,000 0
Other current liabilities 131,000,000 171,000,000
Total current liabilities 3,491,000,000 3,141,000,000
Long-term Debt 8,121,000,000 8,018,000,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,737,000,000 4,388,000,000
Deferred credits related to income taxes 116,000,000 122,000,000
Accumulated deferred investment tax credits 211,000,000 220,000,000
Employee benefit obligations 922,000,000 905,000,000
Asset retirement obligations 773,000,000 734,000,000
Other cost of removal obligations 94,000,000 110,000,000
Other deferred credits and liabilities 311,000,000 224,000,000
Total deferred credits and other liabilities 7,164,000,000 6,703,000,000
Total Liabilities 18,776,000,000 17,862,000,000
Redeemable Preferred Stock 45,000,000 45,000,000
Preference Stock 221,000,000 221,000,000
Common Stockholders' Equity:    
Common stock 398,000,000 398,000,000
Paid-in capital 5,570,000,000 5,522,000,000
Retained earnings 3,418,000,000 3,112,000,000
Accumulated other comprehensive loss (7,000,000) (9,000,000)
Total common stockholders' equity 9,379,000,000 9,023,000,000
Total Liabilities and Stockholders' Equity 28,421,000,000 27,151,000,000
Gulf Power [Member]
   
Current Assets:    
Cash and cash equivalents 22,909,000 17,328,000
Receivables --    
Customer accounts receivable 87,198,000 72,754,000
Unbilled revenues 52,812,000 49,921,000
Under recovered regulatory clause revenues 6,757,000 5,530,000
Other accounts and notes receivable 10,626,000 13,350,000
Affiliated companies 8,359,000 14,844,000
Accumulated provision for uncollectible accounts (1,745,000) (1,962,000)
Fossil fuel stock, at average cost 133,512,000 147,567,000
Materials and supplies, at average cost 54,189,000 49,781,000
Prepaid expenses 43,845,000 28,327,000
Other regulatory assets, current 27,247,000 35,849,000
Other current assets 5,185,000 2,051,000
Total current assets 450,894,000 435,340,000
Property, Plant, and Equipment:    
In service 4,126,794,000 3,846,446,000
Less accumulated provision for depreciation 1,149,685,000 1,124,291,000
Plant in service, net of depreciation 2,977,109,000 2,722,155,000
Construction work in progress 201,929,000 287,173,000
Total property, plant, and equipment 3,179,038,000 3,009,328,000
Other Property and Investments:    
Total other property and investments 15,765,000 16,394,000
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 51,939,000 48,210,000
Other regulatory assets, deferred 333,299,000 323,116,000
Other deferred charges and assets 36,611,000 39,493,000
Total deferred charges and other assets 421,849,000 410,819,000
Total Assets 4,067,546,000 3,871,881,000
Current Liabilities:    
Securities due within one year 60,000,000 0
Notes payable 19,228,000 114,507,000
Affiliated 72,051,000 54,874,000
Accounts payable 51,500,000 63,265,000
Customer deposits 35,805,000 35,779,000
Accrued taxes --    
Accrued income taxes 5,438,000 1,362,000
Other accrued taxes 25,888,000 12,114,000
Accrued interest 17,622,000 14,018,000
Accrued compensation 10,222,000 14,485,000
Liabilities from risk management activities 12,851,000 22,786,000
Other regulatory liabilities, current 51,585,000 35,639,000
Other current liabilities 20,353,000 22,916,000
Total current liabilities 382,543,000 391,745,000
Long-term Debt 1,185,719,000 1,235,447,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 616,122,000 458,978,000
Accumulated deferred investment tax credits 5,746,000 6,760,000
Employee benefit obligations 109,721,000 109,740,000
Other cost of removal obligations 215,138,000 214,598,000
Other regulatory liabilities, deferred 53,796,000 44,843,000
Other deferred credits and liabilities 214,687,000 186,824,000
Total deferred credits and other liabilities 1,215,210,000 1,021,743,000
Total Liabilities 2,783,472,000 2,648,935,000
Preference Stock 97,998,000 97,998,000
Common Stockholders' Equity:    
Common stock 393,060,000 353,060,000
Paid-in capital 546,875,000 542,709,000
Retained earnings 247,866,000 231,333,000
Accumulated other comprehensive loss (1,725,000) (2,154,000)
Total common stockholders' equity 1,186,076,000 1,124,948,000
Total Liabilities and Stockholders' Equity 4,067,546,000 3,871,881,000
Mississippi Power [Member]
   
Current Assets:    
Cash and cash equivalents 216,696,000 211,585,000
Receivables --    
Customer accounts receivable 42,929,000 32,551,000
Unbilled revenues 31,234,000 27,239,000
Other accounts and notes receivable 4,041,000 7,080,000
Affiliated companies 30,786,000 23,078,000
Accumulated provision for uncollectible accounts (503,000) (547,000)
Fossil fuel stock, at average cost 160,060,000 140,173,000
Materials and supplies, at average cost 33,471,000 30,787,000
Prepaid income taxes 254,084,000 37,793,000
Other regulatory assets, current 51,134,000 69,201,000
Other current assets 5,635,000 8,881,000
Total current assets 829,567,000 587,821,000
Property, Plant, and Equipment:    
In service 2,981,799,000 2,902,240,000
Less accumulated provision for depreciation 1,062,588,000 1,019,251,000
Plant in service, net of depreciation 1,919,211,000 1,882,989,000
Construction work in progress 2,077,283,000 955,135,000
Total property, plant, and equipment 3,996,494,000 2,838,124,000
Other Property and Investments:    
Total other property and investments 4,464,000 6,520,000
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 44,901,000 25,009,000
Other regulatory assets, deferred 195,381,000 185,694,000
Other deferred charges and assets 48,715,000 28,674,000
Total deferred charges and other assets 288,997,000 239,377,000
Total Assets 5,119,522,000 3,671,842,000
Current Liabilities:    
Securities due within one year 150,613,000 240,633,000
Interest-bearing refundable deposit related to asset sale 150,000,000 0
Affiliated 73,755,000 62,650,000
Accounts payable 267,166,000 168,309,000
Customer deposits 14,105,000 13,658,000
Accrued taxes --    
Accrued income taxes 5,569,000 3,813,000
Other accrued taxes 54,722,000 53,825,000
Accrued interest 28,764,000 12,750,000
Accrued compensation 11,058,000 15,889,000
Liabilities from risk management activities 13,018,000 54,127,000
Other regulatory liabilities, current 6,395,000 5,779,000
Over recovered regulatory clause liabilities 71,484,000 60,502,000
Other current liabilities 16,591,000 17,533,000
Total current liabilities 863,240,000 709,468,000
Long-term Debt 1,616,524,000 1,103,596,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 380,030,000 270,397,000
Deferred credits related to income taxes 10,329,000 11,058,000
Accumulated deferred investment tax credits 286,097,000 109,761,000
Employee benefit obligations 163,471,000 161,065,000
Other cost of removal obligations 139,371,000 126,424,000
Other regulatory liabilities, deferred 58,610,000 60,848,000
Other deferred credits and liabilities 52,550,000 37,228,000
Total deferred credits and other liabilities 1,090,458,000 776,781,000
Total Liabilities 3,570,222,000 2,589,845,000
Redeemable Preferred Stock 32,780,000 32,780,000
Common Stockholders' Equity:    
Common stock 37,691,000 37,691,000
Paid-in capital 1,127,378,000 694,855,000
Retained earnings 360,375,000 325,568,000
Accumulated other comprehensive loss (8,924,000) (8,897,000)
Total common stockholders' equity 1,516,520,000 1,049,217,000
Total Liabilities and Stockholders' Equity 5,119,522,000 3,671,842,000
Southern Power [Member]
   
Current Assets:    
Cash and cash equivalents 16,061,000 16,943,000
Receivables --    
Customer accounts receivable 73,109,000 59,360,000
Other accounts and notes receivable 1,870,000 2,122,000
Affiliated companies 48,421,000 36,508,000
Fossil fuel stock, at average cost 19,478,000 13,038,000
Materials and supplies, at average cost 44,103,000 37,603,000
Prepaid service agreements - current 66,219,000 28,621,000
Prepaid income taxes 7,052,000 5,192,000
Prepaid expenses 6,177,000 4,645,000
Assets from risk management activities 1,374,000 177,000
Total current assets 283,864,000 204,209,000
Property, Plant, and Equipment:    
In service 3,714,129,000 3,167,840,000
Less accumulated provision for depreciation 748,336,000 652,087,000
Plant in service, net of depreciation 2,965,793,000 2,515,753,000
Construction work in progress 338,648,000 666,280,000
Total property, plant, and equipment 3,304,441,000 3,182,033,000
Other Property and Investments:    
Goodwill 1,839,000 1,839,000
Other intangible assets, net of amortization of $2,523 and $1,476 at September 30, 2012 and December 31, 2011, respectively 46,597,000 47,644,000
Total other property and investments 48,436,000 49,483,000
Deferred Charges and Other Assets:    
Prepaid long-term service agreements 110,131,000 115,838,000
Other deferred charges and assets -- affiliated 2,848,000 3,029,000
Other deferred charges and assets 31,887,000 26,385,000
Total deferred charges and other assets 144,866,000 145,252,000
Total Assets 3,781,607,000 3,580,977,000
Current Liabilities:    
Securities due within one year 0 555,000
Notes payable 102,403,000 179,520,000
Affiliated 67,756,000 63,609,000
Accounts payable 29,010,000 44,321,000
Accrued taxes --    
Accrued income taxes 36,965,000 2,548,000
Other accrued taxes 14,062,000 2,158,000
Accrued interest 11,649,000 21,874,000
Liabilities from risk management activities 1,880,000 9,651,000
Other current liabilities 8,682,000 7,401,000
Total current liabilities 272,407,000 331,637,000
Long-term Debt 1,306,689,000 1,302,758,000
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 468,932,000 319,790,000
Deferred convertible investment tax credits 159,640,000 125,065,000
Deferred capacity revenues -- affiliated 36,454,000 20,637,000
Other deferred credits and liabilities — affiliated 2,893,000 3,618,000
Other deferred credits and liabilities 5,113,000 4,965,000
Total deferred credits and other liabilities 673,032,000 474,075,000
Total Liabilities 2,252,128,000 2,108,470,000
Redeemable Noncontrolling Interest 7,674,000 3,825,000
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 1,027,529,000 1,028,210,000
Retained earnings 496,345,000 447,301,000
Accumulated other comprehensive loss (2,069,000) (6,829,000)
Total common stockholders' equity 1,521,805,000 1,468,682,000
Total Liabilities and Stockholders' Equity $ 3,781,607,000 $ 3,580,977,000