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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 1,404 $ 710
Receivables --    
Customer accounts receivable 1,058 1,090
Unbilled revenues 397 432
Under recovered regulatory clause revenues 63 136
Other accounts and notes receivable 398 307
Accumulated provision for uncollectible accounts (13) (18)
Income taxes receivable, current 144 0
Fossil fuel stock, at average cost 868 930
Materials and supplies, at average cost 1,061 1,039
Vacation pay 178 177
Prepaid expenses 495 665
Other regulatory assets, current 402 346
Other current assets 71 50
Total current assets 6,526 5,864
Property, Plant, and Equipment:    
In service 75,118 70,013
Less accumulated depreciation 24,253 24,059
Plant in service, net of depreciation 50,865 45,954
Other utility plant, net 233 211
Nuclear fuel, at amortized cost 934 911
Construction work in progress 9,082 7,792
Total property, plant, and equipment 61,114 54,868
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,512 1,546
Leveraged leases 755 743
Miscellaneous property and investments 485 203
Total other property and investments 2,752 2,492
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 1,560 1,510
Unamortized loss on reacquired debt 227 243
Other regulatory assets, deferred 4,989 4,334
Income taxes receivable, non-current 413 0
Other deferred charges and assets 737 922
Total deferred charges and other assets 7,926 7,009
Total Assets 78,318 70,233
Current Liabilities:    
Securities due within one year 2,674 3,329
Interest-bearing refundable deposits 0 275
Notes payable 1,376 803
Accounts payable 1,905 1,593
Customer deposits 404 390
Accrued taxes --    
Accrued income taxes 19 149
Other accrued taxes 484 487
Accrued interest 249 295
Accrued vacation pay 228 223
Accrued compensation 549 576
Asset retirement obligations, current 217 32
Liabilities from risk management activities 156 138
Other regulatory liabilities, current 278 26
Mirror CWIP 0 271
Other current liabilities 590 374
Total current liabilities 9,129 8,961
Senior notes -    
Unamortized Debt Issuance Expense 241 202
Long-term Debt 24,688 20,644
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 12,322 11,082
Deferred credits related to income taxes 187 192
Accumulated deferred investment tax credits 1,219 1,208
Employee benefit obligations 2,582 2,432
Asset retirement obligations 3,542 2,168
Unrecognized tax benefits 370 4
Other cost of removal obligations 1,162 1,215
Other regulatory liabilities, deferred 254 398
Other deferred credits and liabilities 720 589
Total deferred credits and other liabilities 22,358 19,288
Total Liabilities 56,175 48,893
Redeemable Preferred Stock of Subsidiaries 118 375
Redeemable Noncontrolling Interests 43 39
Common Stockholders' Equity:    
Common stock 4,572 4,539
Paid-in capital 6,282 5,955
Retained earnings 10,010 9,609
Accumulated other comprehensive loss (130) (128)
Common Stockholders' Equity 20,592 19,949
Stockholders' Equity Attributable to Noncontrolling Interest 1,390 977
Total stockholders' equity 21,982 20,926
Total Liabilities and Stockholders' Equity $ 78,318 $ 70,233
Commitments and Contingent Matters
Alabama Power [Member]    
Current Assets:    
Cash and cash equivalents $ 194 $ 273
Receivables --    
Customer accounts receivable 332 345
Unbilled revenues 119 138
Under recovered regulatory clause revenues 43 74
Other accounts and notes receivable 20 23
Affiliated companies 50 37
Accumulated provision for uncollectible accounts (10) (9)
Income taxes receivable, current 142 0
Fossil fuel stock, at average cost 239 268
Materials and supplies, at average cost 398 406
Vacation pay 66 65
Prepaid expenses 83 224
Other regulatory assets, current 115 84
Other current assets 10 6
Total current assets 1,801 1,934
Property, Plant, and Equipment:    
In service 24,750 23,080
Less accumulated depreciation 8,736 8,522
Plant in service, net of depreciation 16,014 14,558
Nuclear fuel, at amortized cost 363 348
Construction work in progress 801 1,006
Total property, plant, and equipment 17,178 15,912
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 71 66
Nuclear decommissioning trusts, at fair value 737 756
Miscellaneous property and investments 96 84
Total other property and investments 904 906
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 522 525
Deferred under recovered regulatory clause revenues 99 31
Other regulatory assets, deferred 1,114 1,063
Other deferred charges and assets 103 122
Total deferred charges and other assets 1,838 1,741
Total Assets 21,721 20,493
Current Liabilities:    
Securities due within one year 200 454
Notes payable 0 0
Accounts payable - Affiliated 278 248
Accounts payable - Other 410 443
Customer deposits 88 87
Accrued taxes --    
Accrued income taxes 38 37
Accrued interest 73 66
Accrued vacation pay 55 54
Accrued compensation 119 131
Liabilities from risk management activities 55 40
Other regulatory liabilities, current 240 2
Other current liabilities 39 40
Total current liabilities 1,595 1,602
Senior notes -    
Unamortized debt premium (discount), net (9) (7)
Unamortized Debt Issuance Expense 45 39
Long-term Debt 6,654 6,137
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,241 3,857
Deferred credits related to income taxes 70 72
Accumulated deferred investment tax credits 118 125
Employee benefit obligations 388 326
Asset retirement obligations 1,448 829
Other cost of removal obligations 722 744
Other regulatory liabilities, deferred 136 239
Deferred over recovered regulatory clause revenues 0 47
Other deferred credits and liabilities 76 78
Total deferred credits and other liabilities 7,199 6,317
Total Liabilities 15,448 14,056
Redeemable Preferred Stock of Subsidiaries 85 342
Redeemable Preferred Stock 85 342
Preference Stock 196 343
Common Stockholders' Equity:    
Common stock 1,222 1,222
Paid-in capital 2,341 2,304
Retained earnings 2,461 2,255
Accumulated other comprehensive loss (32) (29)
Common Stockholders' Equity 5,992 5,752
Total stockholders' equity 5,992 5,752
Total Liabilities and Stockholders' Equity $ 21,721 $ 20,493
Commitments and Contingent Matters
Georgia Power [Member]    
Current Assets:    
Cash and cash equivalents $ 67 $ 24
Receivables --    
Customer accounts receivable 541 553
Unbilled revenues 188 201
Joint owner accounts receivable 227 121
Other accounts and notes receivable 57 61
Affiliated companies 18 18
Accumulated provision for uncollectible accounts (2) (6)
Income taxes receivable, current 114 0
Fossil fuel stock, at average cost 402 439
Materials and supplies, at average cost 449 438
Vacation pay 91 91
Prepaid income taxes 156 244
Other regulatory assets, current 123 136
Other current assets 92 74
Total current assets 2,523 2,394
Property, Plant, and Equipment:    
In service 31,841 31,083
Less accumulated depreciation 10,903 11,222
Plant in service, net of depreciation 20,938 19,861
Other utility plant, net 171 211
Nuclear fuel, at amortized cost 572 563
Construction work in progress 4,775 4,031
Total property, plant, and equipment 26,456 24,666
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 64 58
Nuclear decommissioning trusts, at fair value 775 789
Miscellaneous property and investments 43 38
Total other property and investments 882 885
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 679 698
Deferred under recovered regulatory clause revenues 0 197
Other regulatory assets, deferred 2,152 1,753
Other deferred charges and assets 173 279
Total deferred charges and other assets 3,004 2,927
Total Assets 32,865 30,872
Current Liabilities:    
Securities due within one year 712 1,150
Notes payable 158 156
Accounts payable - Affiliated 411 451
Accounts payable - Other 750 555
Customer deposits 264 253
Accrued taxes --    
Accrued income taxes 12 0
Other accrued taxes 325 332
Accrued interest 99 96
Accrued vacation pay 62 63
Accrued compensation 142 153
Asset retirement obligations, current 179 32
Liabilities from risk management activities 12 32
Other regulatory liabilities, current 16 21
Over recovered regulatory clause revenues, current 10 0
Other current liabilities 143 172
Total current liabilities 3,295 3,466
Senior notes -    
Unamortized debt premium (discount), net (10) (11)
Unamortized Debt Issuance Expense 118 124
Long-term Debt 9,616 8,563
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 5,627 5,474
Deferred credits related to income taxes 105 106
Accumulated deferred investment tax credits 204 196
Employee benefit obligations 949 903
Deferred capacity expense 203 167
Asset retirement obligations 1,737 1,223
Other cost of removal obligations 16 46
Other deferred credits and liabilities 331 208
Total deferred credits and other liabilities 8,969 8,156
Total Liabilities 21,880 20,185
Redeemable Preferred Stock 45 45
Preference Stock 221 221
Common Stockholders' Equity:    
Common stock 398 398
Paid-in capital 6,275 6,196
Retained earnings 4,061 3,835
Accumulated other comprehensive loss (15) (8)
Common Stockholders' Equity 10,719 10,421
Total stockholders' equity 10,719 10,421
Total Liabilities and Stockholders' Equity $ 32,865 $ 30,872
Commitments and Contingent Matters
Gulf Power [Member]    
Current Assets:    
Cash and cash equivalents $ 74 $ 39
Receivables --    
Customer accounts receivable 76 73
Unbilled revenues 54 58
Under recovered regulatory clause revenues 20 57
Other accounts and notes receivable 9 8
Affiliated companies 1 10
Accumulated provision for uncollectible accounts (1) (2)
Income taxes receivable, current 27 0
Fossil fuel stock, at average cost 108 101
Materials and supplies, at average cost 56 56
Prepaid expenses 8 37
Other regulatory assets, current 90 74
Other current assets 14 2
Total current assets 536 513
Property, Plant, and Equipment:    
In service 5,045 4,495
Less accumulated depreciation 1,296 1,296
Plant in service, net of depreciation 3,749 3,199
Other utility plant, net 62 0
Construction work in progress 48 465
Total property, plant, and equipment 3,859 3,664
Other Property and Investments:    
Total other property and investments 4 15
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 61 56
Other regulatory assets, deferred 427 416
Other deferred charges and assets 33 33
Total deferred charges and other assets 521 505
Total Assets 4,920 4,697
Current Liabilities:    
Securities due within one year 110 0
Notes payable 142 110
Accounts payable - Affiliated 55 87
Accounts payable - Other 44 56
Customer deposits 36 35
Accrued taxes --    
Accrued income taxes 4 0
Other accrued taxes 9 9
Accrued interest 9 11
Accrued compensation 25 23
Deferred capacity expense, current 22 22
Liabilities from risk management activities 49 37
Other regulatory liabilities, current 22 1
Other current liabilities 40 22
Total current liabilities 567 413
Senior notes -    
Unamortized debt premium (discount), net (8) (9)
Unamortized Debt Issuance Expense 8 8
Long-term Debt 1,193 1,362
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 893 797
Employee benefit obligations 129 121
Deferred capacity expense 141 163
Asset retirement obligations 113 17
Other cost of removal obligations 233 235
Other regulatory liabilities, deferred 47 48
Other deferred credits and liabilities 102 85
Total deferred credits and other liabilities 1,658 1,466
Total Liabilities 3,418 3,241
Preference Stock 147 147
Common Stockholders' Equity:    
Common stock 503 483
Paid-in capital 567 560
Retained earnings 285 267
Accumulated other comprehensive loss 0 (1)
Common Stockholders' Equity 1,355 1,309
Total stockholders' equity 1,355 1,309
Total Liabilities and Stockholders' Equity $ 4,920 $ 4,697
Commitments and Contingent Matters
Mississippi Power [Member]    
Current Assets:    
Cash and cash equivalents $ 98 $ 133
Receivables --    
Customer accounts receivable 26 43
Unbilled revenues 36 35
Other accounts and notes receivable 10 11
Affiliated companies 20 51
Income taxes receivable, current 20 0
Fossil fuel stock, at average cost 104 100
Materials and supplies, at average cost 75 62
Prepaid income taxes 39 70
Other regulatory assets, current 95 73
Other current assets 8 5
Total current assets 531 583
Property, Plant, and Equipment:    
In service 4,886 4,378
Less accumulated depreciation 1,262 1,173
Plant in service, net of depreciation 3,624 3,205
Construction work in progress 2,254 2,161
Total property, plant, and equipment 5,878 5,366
Other Property and Investments:    
Total other property and investments 11 5
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 290 226
Other regulatory assets, deferred 525 385
Income taxes receivable, non-current 544 0
Accumulated deferred income taxes 0 33
Other deferred charges and assets 61 44
Total deferred charges and other assets 1,420 688
Total Assets 7,840 6,642
Current Liabilities:    
Securities due within one year 728 778
Interest-bearing refundable deposits 0 275
Notes payable 500 0
Accounts payable - Affiliated 85 86
Accounts payable - Other 135 178
Customer deposits 16 15
Accrued taxes --    
Accrued income taxes 0 142
Other accrued taxes 85 84
Accrued interest 18 76
Accrued compensation 26 26
Over recovered regulatory clause liabilities 96 1
Mirror CWIP 0 271
Customer liability associated with Kemper refunds 73 0
Other current liabilities 74 46
Total current liabilities 1,836 1,978
Senior notes -    
Unamortized Debt Issuance Expense 8 9
Long-term Debt 1,886 1,621
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 762 180
Deferred credits related to income taxes 8 9
Accumulated deferred investment tax credits 5 283
Employee benefit obligations 153 148
Asset retirement obligations 154 48
Unrecognized tax benefits 368 2
Other cost of removal obligations 165 166
Other regulatory liabilities, deferred 71 64
Other deferred credits and liabilities 40 26
Total deferred credits and other liabilities 1,726 926
Total Liabilities 5,448 4,525
Redeemable Preferred Stock 33 33
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 2,893 2,612
Retained earnings (566) (559)
Accumulated other comprehensive loss (6) (7)
Common Stockholders' Equity 2,359 2,084
Total stockholders' equity 2,359 2,084
Total Liabilities and Stockholders' Equity $ 7,840 $ 6,642
Commitments and Contingent Matters
Southern Power [Member]    
Current Assets:    
Cash and cash equivalents $ 830 $ 75
Receivables --    
Customer accounts receivable 75 77
Other accounts and notes receivable 19 15
Affiliated companies 30 34
Fossil fuel stock, at average cost 16 22
Materials and supplies, at average cost 63 58
Prepaid income taxes 45 19
Prepaid expenses 23 17
Assets from risk management activities 7 5
Total current assets 1,108 322
Property, Plant, and Equipment:    
In service 7,275 5,657
Less accumulated depreciation 1,248 1,035
Plant in service, net of depreciation 6,027 4,622
Construction work in progress 1,137 11
Total property, plant, and equipment 7,164 4,633
Other Property and Investments:    
Goodwill 2 2
Other intangible assets, net of amortization 317 47
Total other property and investments 319 49
Deferred Charges and Other Assets:    
Prepaid long-term service agreements 166 124
Other deferred charges and assets -- affiliated 9 5
Other deferred charges and assets 139 100
Total deferred charges and other assets 314 229
Total Assets 8,905 5,233
Current Liabilities:    
Securities due within one year 403 525
Notes payable 137 195
Accounts payable - Affiliated 66 78
Accounts payable - Other 327 30
Accrued taxes --    
Accrued income taxes 198 70
Other accrued taxes 5 3
Accrued interest 23 30
Contingent consideration 36 8
Other current liabilities 44 6
Total current liabilities 1,239 945
Senior notes -    
Unamortized debt premium (discount), net 0 2
Unamortized Debt Issuance Expense 19 11
Long-term Debt 2,719 1,085
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 601 559
Accumulated deferred investment tax credits 889 601
Accrued income taxes, non-current 109 0
Deferred capacity revenues -- affiliated 17 15
Asset retirement obligations 21 13
Other deferred credits and liabilities 3 5
Total deferred credits and other liabilities 1,640 1,193
Total Liabilities 5,598 3,223
Redeemable Noncontrolling Interest 43 39
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 1,822 1,176
Retained earnings 657 573
Accumulated other comprehensive loss 4 3
Common Stockholders' Equity 2,483 1,752
Stockholders' Equity Attributable to Noncontrolling Interest 781 219
Total stockholders' equity 3,264 1,971
Total Liabilities and Stockholders' Equity $ 8,905 $ 5,233
Commitments and Contingent Matters
Southern Power [Member] | 1.85% due 2017 [Member]    
Senior notes -    
Senior notes $ 500 $ 0
Southern Power [Member] | 1.50% due 2018 [Member]    
Senior notes -    
Senior notes 350 0
Southern Power [Member] | 2.375% due 2020 [Member]    
Senior notes -    
Senior notes 300 0
Southern Power [Member] | 4.15% to 6.375% due Due 2025-2043 [Member]    
Senior notes -    
Senior notes 1,575 1,075
Southern Power [Member] | 3.50% due 2032-2035 [Member]    
Senior notes -    
Other long-term notes - variable rate (3.50% at 1/1/16) due 2032-2035 $ 13 $ 19