Commitments (Tables)

12 Months Ended

Dec. 31, 2015

Estimated minimum long-term purchase commitments

Estimated total obligations under these commitments at December 31, 2015 were as follows:



	Operating Leases ^(*)		Other
	(in millions)
2016	$	233	$	10
2017	242		8
2018	246		7
2019	249		8
2020	246		4
2021 and thereafter	1,291		47
Total	$	2,507	$	84


(*)	A total of $304 million of biomass PPAs included under operating leases is contingent upon the counterparties meeting specified contract dates for commercial operation and may change as a result of regulatory action.

Estimated minimum lease payments under operating leases

As of December 31, 2015, estimated minimum lease payments under operating leases were as follows:



	Minimum Lease Payments
	Barges & Railcars		Other		Total
	(in millions)
2016	$	40	$	81	$	121
2017	25		78		103
2018	14		67		81
2019	6		55		61
2020	6		47		53
2021 and thereafter	16		690		706
Total	$	107	$	1,018	$	1,125

Alabama Power [Member]

Commitments [Line Items]

Estimated minimum long-term purchase commitments

Total estimated minimum long-term obligations at December 31, 2015 were as follows:



	Operating Lease PPAs
	(in millions)
2016	$	39
2017	40
2018	41
2019	43
2020	44
2021 and thereafter	93
Total commitments	$	300

Estimated minimum lease payments under operating leases

As of December 31, 2015, estimated minimum lease payments under operating leases were as follows:



	Minimum Lease Payments
	Railcars		Vehicles & Other		Total
	(in millions)
2016	$	13	$	6	$	19
2017	8		5		13
2018	5		4		9
2019	5		4		9
2020	5		4		9
2021 and thereafter	13		—		13
Total	$	49	$	23	$	72

Georgia Power [Member]

Commitments [Line Items]

Estimated long-term obligations

Estimated total long-term obligations at December 31, 2015 were as follows:



	Affiliate Capital Leases		Affiliate Operating Leases		Non-Affiliate Operating Leases ⁽⁴⁾		Vogtle Units 1 and 2 Capacity Payments		Total ($)
	(in millions)
2016	$	22	$	99	$	115	$	10	$	246
2017	22		71		123		8		224
2018	22		62		126		7		217
2019	23		63		127		8		221
2020	23		64		123		4		214
2021 and thereafter	227		538		1,007		47		1,819
Total	$	339	$	897	$	1,621	$	84	$	2,941
Less: amounts representing executory costs⁽¹⁾	54
Net minimum lease payments	285
Less: amounts representing interest⁽²⁾	84
Present value of net minimum lease payments⁽³⁾	$	201


(1)	Executory costs such as taxes, maintenance, and insurance (including the estimated profit thereon) are estimated and included in total minimum lease payments.


(2)	Amount necessary to reduce minimum lease payments to present value calculated at the Company's incremental borrowing rate at the inception of the leases.


(3)	Once service commenced under the PPAs beginning in 2015, the Company recognized capital lease assets and capital lease obligations totaling $149 million, being the lesser of the estimated fair value of the lease property or the present value of the net minimum lease payments.


(4)	A total of $304 million of biomass PPAs included under the non-affiliate operating leases is contingent upon the counterparties meeting specified contract dates for commercial operation and may change as a result of regulatory action.

Estimated minimum lease payments under operating leases

As of December 31, 2015, estimated minimum lease payments under operating leases were as follows:



	Minimum Lease Payments
	Railcars		Other		Total
	(in millions)
2016	$	15	$	8	$	23
2017	10		8		18
2018	5		7		12
2019	1		7		8
2020	1		6		7
2021 and thereafter	3		13		16
Total	$	35	$	49	$	84

Gulf Power [Member]

Commitments [Line Items]

Estimated minimum long-term purchase commitments

Estimated total minimum long-term commitments at December 31, 2015 were as follows:



	Operating Lease PPAs
	(in millions)
2016	$	79
2017	79
2018	79
2019	79
2020	79
2021 and thereafter	191
Total	$	586

Estimated minimum lease payments under operating leases

Estimated total minimum lease payments under these operating leases at December 31, 2015 were as follows:



	Minimum Lease Payments
	Barges & Railcars		Other		Total
	(in millions)
2016	$	9	$	1	$	10
2017	6		1		7
2018	4		—		4
Total	$	19	$	2	$	21

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details