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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2015 and 2014 is as follows:
 
 
 
 
 
Consolidated Net Income Attributable to Southern Company
 
Per Common Share
 
Operating
Revenues
 
Operating
Income
 
 
Basic
Earnings
 
Diluted Earnings
 
 
 
Trading
Price Range
Quarter Ended
 
Dividends
 
High
 
Low
 
(in millions)
 
 
 
 
 
 
 
 
 
 
March 2015
$
4,183

 
$
957

 
$
508

 
$
0.56

 
$
0.56

 
$
0.5250

 
$
53.16

 
$
43.55

June 2015
4,337

 
1,098

 
629

 
0.69

 
0.69

 
0.5425

 
45.44

 
41.40

September 2015
5,401

 
1,649

 
959

 
1.05

 
1.05

 
0.5425

 
46.84

 
41.81

December 2015
3,568

 
578

 
271

 
0.30

 
0.30

 
0.5425

 
47.50

 
43.38

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 2014
$
4,644

 
$
700

 
$
351

 
$
0.39

 
$
0.39

 
$
0.5075

 
$
44.00

 
$
40.27

June 2014
4,467

 
1,103

 
611

 
0.68

 
0.68

 
0.5250

 
46.81

 
42.55

September 2014
5,339

 
1,278

 
718

 
0.80

 
0.80

 
0.5250

 
45.47

 
41.87

December 2014
4,017

 
561

 
283

 
0.31

 
0.31

 
0.5250

 
51.28

 
43.55


As a result of the revisions to the cost estimate for the Kemper IGCC, Southern Company recorded total pre-tax charges to income for the estimated probable losses on the Kemper IGCC of $183 million ($113 million after tax) in the fourth quarter 2015, $150 million ($93 million after tax) in the third quarter 2015, $23 million ($14 million after tax) in the second quarter 2015, $9 million ($6 million after tax) in the first quarter 2015, $70 million ($43 million after tax) in the fourth quarter 2014, $418 million ($258 million after tax) in the third quarter 2014, and $380 million ($235 million after tax) in the first quarter 2014. See Note 3 under "Integrated Coal Gasification Combined Cycle" for additional information.
The Southern Company system's business is influenced by seasonal weather conditions.
Alabama Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2015 and 2014 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income
 
Net Income After Dividends on Preferred and Preference Stock
 
(in millions)
March 2015
$
1,401

 
$
346

 
$
169

June 2015
1,455

 
398

 
200

September 2015
1,695

 
555

 
295

December 2015
1,217

 
264

 
121

 
 
 
 
 
 
March 2014
$
1,508

 
$
381

 
$
187

June 2014
1,437

 
357

 
173

September 2014
1,669

 
520

 
282

December 2014
1,328

 
267

 
119


The Company's business is influenced by seasonal weather conditions.
Georgia Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2015 and 2014 is as follows:
Quarter Ended
Operating Revenues
 
Operating Income
 
Net Income After Dividends on Preferred and Preference Stock
 
(in millions)
March 2015
$
1,978

 
$
454

 
$
236

June 2015
2,016

 
554

 
277

September 2015
2,691

 
964

 
551

December 2015
1,641

 
376

 
196


 
 
 
 
 
March 2014
$
2,269

 
$
516

 
$
266

June 2014
2,186

 
572

 
311

September 2014
2,631

 
920

 
525

December 2014
1,902

 
288

 
123


The Company's business is influenced by seasonal weather conditions.
Gulf Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2015 and 2014 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income
 
Net Income After Dividends on Preference Stock
 
(in millions)
March 2015
$
357

 
$
72

 
$
37

June 2015
384

 
69

 
35

September 2015
429

 
91

 
48

December 2015
313

 
58

 
28

 
 
 
 
 
 
March 2014
$
407

 
$
74

 
$
37

June 2014
384

 
69

 
34

September 2014
438

 
88

 
46

December 2014
361

 
50

 
23


The Company's business is influenced by seasonal weather conditions.
Mississippi Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2015 and 2014 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income (Loss)
 
Net Income (Loss) After Dividends on Preferred Stock
 
(in millions)
March 2015
$
276

 
$
24

 
$
35

June 2015
275

 
12

 
49

September 2015
341

 
(66
)
 
(21
)
December 2015
246

 
(143
)
 
(71
)
 
 
 
 
 
 
March 2014
$
331

 
$
(325
)
 
$
(172
)
June 2014
311

 
56

 
62

September 2014
355

 
(349
)
 
(195
)
December 2014
246

 
(71
)
 
(24
)

As a result of the revisions to the cost estimate for the Kemper IGCC, the Company recorded total pre-tax charges to income for the estimated probable losses on the Kemper IGCC of $183 million ($113 million after tax) in the fourth quarter 2015, $150 million ($93 million after tax) in the third quarter 2015, $23 million ($14 million after tax) in the second quarter 2015, $9 million ($6 million after tax) in the first quarter 2015, $70 million ($43 million after tax) in the fourth quarter 2014, $418 million ($258 million after tax) in the third quarter 2014, and $380 million ($235 million after tax) in the first quarter 2014. See Note 3 under "Integrated Coal Gasification Combined Cycle" for additional information.
The Company's business is influenced by seasonal weather conditions.
Southern Power [Member]  
Quarterly Financial Information [Line Items]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Summarized quarterly financial information for 2015 and 2014 is as follows:
Quarter Ended
Operating
Revenues
 
Operating
Income
 
Net Income
Attributable to
the Company
 
(in millions)
March 2015
$
348

 
$
67

 
$
33

June 2015
337

 
75

 
46

September 2015
401

 
129

 
102

December 2015
304

 
55

 
34

 
 
 
 
 
 
March 2014
$
351

 
$
59

 
$
33

June 2014
329

 
51

 
31

September 2014
435

 
105

 
64

December 2014
386

 
40

 
44


The Company's business is influenced by seasonal weather conditions.