XML 70 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Capitalization - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Maturity    
Long-term debt payable to affiliated trusts $ 206,000,000 $ 206,000,000
2017 0 2,019,000,000
2018 2,402,000,000 2,403,000,000
2019 3,074,000,000 3,076,000,000
2020 2,273,000,000 1,326,000,000
2021 2,643,000,000 2,655,000,000
2022 2,016,000,000 1,378,000,000
After Five Years 22,142,000,000 20,369,000,000
Total long-term senior notes and debt 36,820,000,000 35,247,000,000
Pollution control revenue bonds —    
Total other long-term debt 10,987,000,000 9,404,000,000
Unamortized fair value adjustment of long-term debt 525,000,000 578,000,000
Capitalized lease obligations 204,000,000 136,000,000
Unamortized debt premium 44,000,000 52,000,000
Unamortized debt discount (206,000,000) (194,000,000)
Unamortized debt issuance expense (226,000,000) (213,000,000)
Total long-term debt (annual interest requirement — $1.8 billion) 48,354,000,000 45,216,000,000
Less amount due within one year 3,892,000,000 2,587,000,000
Long-term debt excluding amount due within one year $ 44,462,000,000 $ 42,629,000,000
Percent capitalization 63.20% 61.30%
Cumulative preferred stock    
Redeemable preferred stock $ 324,000,000 $ 118,000,000
Total redeemable preferred stock - percent capitalization 0.50% 0.20%
Redeemable noncontrolling interests $ 0 $ 164,000,000
Redeemable Noncontrolling Interest As Percent Of Capitalization 0.00% 0.20%
Common Stockholders' Equity:    
Common stock $ 5,038,000,000 $ 4,952,000,000
Paid-in capital 10,469,000,000 9,661,000,000
Treasury, at cost (36,000,000) (31,000,000)
Retained earnings 8,885,000,000 10,356,000,000
Accumulated other comprehensive loss (189,000,000) (180,000,000)
Total common stockholders' equity $ 24,167,000,000 $ 24,758,000,000
Total common stockholders' equity - percent capitalization 34.40% 35.60%
Preferred and preference stock of subsidiaries $ 1,361,000,000 $ 1,854,000,000
Total preferred and preference stock of subsidiaries - percent capitalization 1.90% 2.70%
Total stockholders' equity $ 25,528,000,000 $ 26,612,000,000
Total capitalization $ 70,314,000,000 $ 69,523,000,000
Percent capitalization 100.00% 100.00%
Redeemable Preferred Stock, $100 par or stated value | Cumulative Preferred Stock    
Cumulative preferred stock    
Redeemable preferred stock $ 324,000,000 $ 81,000,000
Redeemable Preferred Stock, $1 par value | Cumulative Preferred Stock    
Cumulative preferred stock    
Redeemable preferred stock 0 37,000,000
Noncumulative Preferred Stock    
Common Stockholders' Equity:    
Preferred and preference stock of subsidiaries 0 45,000,000
Preference Stock, $1 par value    
Common Stockholders' Equity:    
Preferred and preference stock of subsidiaries 0 196,000,000
Preference Stock , $100 par or stated value    
Common Stockholders' Equity:    
Preferred and preference stock of subsidiaries 0 368,000,000
Redeemable Preferred Stock    
Cumulative preferred stock    
Redeemable preferred stock 324,000,000 118,000,000
Noncontrolling Interests    
Common Stockholders' Equity:    
Preferred and preference stock of subsidiaries 1,361,000,000 1,245,000,000
Adjustable Rate Loans    
Maturity    
2017 0 461,000,000
2018 1,420,000,000 1,520,000,000
2020 825,000,000 0
2021 25,000,000 25,000,000
After Five Years 0 15,000,000
Pollution control revenue bonds due 2019    
Pollution control revenue bonds —    
Long-term pollution control bonds 25,000,000 25,000,000
Maturity of Pollution Control Bonds Due 2022    
Pollution control revenue bonds —    
Long-term pollution control bonds 90,000,000 90,000,000
Pollution control revenue bonds due 2023 through 2049    
Pollution control revenue bonds —    
Long-term pollution control bonds 1,379,000,000 1,339,000,000
Maturity of Pollution Control Bonds Period Two    
Pollution control revenue bonds —    
Long-term pollution control bonds 1,680,000,000 1,721,000,000
Pollution control revenue bonds variable rate, Due 2018    
Pollution control revenue bonds —    
Long-term pollution control bonds 40,000,000 76,000,000
Pollution control revenue bonds variable rate due 2021    
Pollution control revenue bonds —    
Long-term pollution control bonds 65,000,000 65,000,000
Pollution control revenue bonds variable rate due 2022    
Pollution control revenue bonds —    
Long-term pollution control bonds 17,000,000 17,000,000
Plant Daniel revenue bonds (7.13%) due 2021    
Pollution control revenue bonds —    
Plant Daniel revenue bonds (7.13%) due 2021 270,000,000 270,000,000
Maturity Of FFB Loans Due 2020    
Pollution control revenue bonds —    
FFB loans 44,000,000 44,000,000
Maturity Of FFB Loans Due 2021    
Pollution control revenue bonds —    
FFB loans 44,000,000 44,000,000
Maturity Of Loans Due 2022    
Pollution control revenue bonds —    
FFB loans 44,000,000 44,000,000
Maturity Of FFB Bank Loans Due 2023 to 2053    
Pollution control revenue bonds —    
FFB loans 2,493,000,000 2,493,000,000
Maturity Of First Mortgage Bonds Due 2019    
Pollution control revenue bonds —    
First mortgage bonds 50,000,000 50,000,000
First Mortgage Bonds Due 2023 to 2057    
Pollution control revenue bonds —    
First mortgage bonds 975,000,000 575,000,000
Maturity Of Gas Facility Revenue Bonds Due 2022    
Pollution control revenue bonds —    
Gas facility revenue bonds 47,000,000 47,000,000
Maturity Of Gas Facility Revenue Bonds Due 2024 to 2033    
Pollution control revenue bonds —    
Gas facility revenue bonds 154,000,000 154,000,000
ALABAMA POWER CO    
Maturity    
Long-term debt payable to affiliated trusts 206,000,000 206,000,000
2017 0 525,000,000
2019 200,000,000 200,000,000
2020 250,000,000 250,000,000
2021 220,000,000 220,000,000
2022 750,000,000 200,000,000
After Five Years 4,975,000,000 4,425,000,000
Total long-term notes payable 6,420,000,000 5,845,000,000
Pollution control revenue bonds —    
Long-term pollution control bonds 1,060,000,000 1,100,000,000
Total other long-term debt 1,060,000,000 1,096,000,000
Capitalized lease obligations 4,000,000 4,000,000
Unamortized debt (discount), net (11,000,000) (9,000,000)
Unamortized debt issuance expense (51,000,000) (46,000,000)
Total long-term debt (annual interest requirement — $1.8 billion) 7,628,000,000 7,096,000,000
Less amount due within one year 0 561,000,000
Long-term debt excluding amount due within one year $ 7,628,000,000 $ 6,535,000,000
Percent capitalization 51.70% 49.70%
Cumulative preferred stock    
Redeemable preferred stock $ 291,000,000 $ 85,000,000
Total redeemable preferred stock - percent capitalization 2.00% 0.70%
Preferred stock $ 291,000,000 $ 85,000,000
Preference stock 0 196,000,000
Common Stockholders' Equity:    
Common stock 1,222,000,000 1,222,000,000
Paid-in capital 2,986,000,000 2,613,000,000
Retained earnings 2,647,000,000 2,518,000,000
Accumulated other comprehensive loss (26,000,000) (30,000,000)
Total common stockholders' equity $ 6,829,000,000 $ 6,323,000,000
Total common stockholders' equity - percent capitalization 46.30% 48.10%
Total preferred and preference stock of subsidiaries - percent capitalization 0.00% 1.50%
Total stockholders' equity $ 6,829,000,000 $ 6,323,000,000
Total capitalization $ 14,748,000,000 $ 13,139,000,000
Percent capitalization 100.00% 100.00%
ALABAMA POWER CO | Redeemable Preferred Stock, $100 par or stated value | Cumulative Preferred Stock    
Cumulative preferred stock    
Redeemable preferred stock $ 48,000,000 $ 48,000,000
ALABAMA POWER CO | Redeemable Preferred Stock, $1 par value | Cumulative Preferred Stock    
Cumulative preferred stock    
Redeemable preferred stock 243,000,000 37,000,000
ALABAMA POWER CO | Adjustable Rate Loans    
Maturity    
2022 25,000,000 25,000,000
ALABAMA POWER CO | Pollution control revenue bonds variable rate, Due 2018    
Pollution control revenue bonds —    
Long-term pollution control bonds 0 36,000,000
ALABAMA POWER CO | Pollution control revenue bonds variable rate due 2021    
Pollution control revenue bonds —    
Long-term pollution control bonds 65,000,000 65,000,000
ALABAMA POWER CO | Pollution control revenue bonds due 2034    
Pollution control revenue bonds —    
Long-term pollution control bonds 207,000,000 207,000,000
ALABAMA POWER CO | Pollution Control Revenue Bonds Variable Rate Due 2024 - 2038    
Pollution control revenue bonds —    
Long-term pollution control bonds 788,000,000 788,000,000
GEORGIA POWER CO    
Maturity    
2017 0 450,000,000
2018 747,000,000 748,000,000
2019 499,000,000 500,000,000
2020 950,000,000 0
2021 325,000,000 325,000,000
2022 400,000,000 400,000,000
After Five Years 4,175,000,000 3,775,000,000
Total long-term notes payable 7,196,000,000 6,198,000,000
Pollution control revenue bonds —    
Long-term pollution control bonds 1,800,000,000 1,800,000,000
Total other long-term debt 4,716,000,000 4,445,000,000
Capitalized lease obligations 154,000,000 169,000,000
Unamortized debt (discount), net (12,000,000) (10,000,000)
Unamortized debt issuance expense (124,000,000) (117,000,000)
Total long-term debt (annual interest requirement — $1.8 billion) 11,930,000,000 10,685,000,000
Less amount due within one year 857,000,000 460,000,000
Long-term debt excluding amount due within one year $ 11,073,000,000 $ 10,225,000,000
Percent capitalization 48.10% 46.80%
Cumulative preferred stock    
Preferred stock $ 0 $ 45,000,000
Preference stock 0 221,000,000
Common Stockholders' Equity:    
Common stock 398,000,000 398,000,000
Paid-in capital 7,328,000,000 6,885,000,000
Retained earnings 4,215,000,000 4,086,000,000
Accumulated other comprehensive loss (10,000,000) (13,000,000)
Total common stockholders' equity $ 11,931,000,000 $ 11,356,000,000
Total common stockholders' equity - percent capitalization 51.90% 52.00%
Total preferred and preference stock of subsidiaries - percent capitalization 0.00% 1.20%
Total stockholders' equity $ 11,931,000,000 $ 11,356,000,000
Total capitalization $ 23,004,000,000 $ 21,847,000,000
Percent capitalization 100.00% 100.00%
GEORGIA POWER CO | Noncumulative Preferred Stock    
Cumulative preferred stock    
Total preferred and preference stock $ 0 $ 266,000,000
GEORGIA POWER CO | Noncumulative Preferred Stock, $25 par value    
Cumulative preferred stock    
Preferred stock 0 45,000,000
GEORGIA POWER CO | Noncumulative Preferred Stock, $100 par value    
Cumulative preferred stock    
Preference stock 0 221,000,000
GEORGIA POWER CO | Adjustable Rate Loans    
Maturity    
2018 100,000,000 0
GEORGIA POWER CO | Pollution control revenue bonds due 2023 through 2049    
Pollution control revenue bonds —    
Long-term pollution control bonds 53,000,000 53,000,000
GEORGIA POWER CO | Maturity of Pollution Control Bonds Period Two    
Pollution control revenue bonds —    
Long-term pollution control bonds 940,000,000 900,000,000
GEORGIA POWER CO | Maturity Of Pollution Control Bonds Variable Rate Due 2018    
Pollution control revenue bonds —    
Long-term pollution control bonds 13,000,000 13,000,000
GEORGIA POWER CO | Maturity of Pollution Control Bonds Two Thousand Twenty Six to Two Thousand Fifty Three    
Pollution control revenue bonds —    
Long-term pollution control bonds 815,000,000 854,000,000
GEORGIA POWER CO | Maturity Of FFB Loans Due 2020    
Pollution control revenue bonds —    
FFB loans 44,000,000 44,000,000
GEORGIA POWER CO | Maturity Of FFB Loans Due 2021    
Pollution control revenue bonds —    
FFB loans 44,000,000 44,000,000
GEORGIA POWER CO | Maturity Of Loans Due Two Thousand Twenty Two    
Pollution control revenue bonds —    
FFB loans 44,000,000 44,000,000
GEORGIA POWER CO | Maturity Of FFB Bank Loans Due 2023 to 2053    
Pollution control revenue bonds —    
FFB loans 2,493,000,000 2,493,000,000
GEORGIA POWER CO | Junior subordinated notes (5.00% to 6.25%) due 2057 to 2077    
Pollution control revenue bonds —    
Junior subordinated notes 270,000,000 0
GULF POWER CO    
Maturity    
2018 0  
2019 0  
2020 175,000,000 175,000,000
2021 0  
2022 141,000,000  
Total long-term notes payable 990,000,000 777,000,000
Pollution control revenue bonds —    
Long-term pollution control bonds 309,000,000 309,000,000
Total other long-term debt 309,000,000 309,000,000
Unamortized debt (discount), net (5,000,000) (5,000,000)
Unamortized debt issuance expense (9,000,000) (7,000,000)
Total long-term debt (annual interest requirement — $1.8 billion) 1,285,000,000 1,074,000,000
Less amount due within one year 0 87,000,000
Long-term debt excluding amount due within one year $ 1,285,000,000 $ 987,000,000
Percent capitalization 45.60% 39.10%
Cumulative preferred stock    
Total redeemable preferred stock - percent capitalization 0.00% 5.80%
Preference stock $ 0 $ 147,000,000
Common Stockholders' Equity:    
Common stock 678,000,000 503,000,000
Paid-in capital 594,000,000 589,000,000
Retained earnings 259,000,000 296,000,000
Accumulated other comprehensive loss 0 1,000,000
Total common stockholders' equity $ 1,531,000,000 $ 1,389,000,000
Total common stockholders' equity - percent capitalization 54.40% 55.10%
Total stockholders' equity $ 1,531,000,000 $ 1,389,000,000
Total capitalization $ 2,816,000,000 $ 2,523,000,000
Percent capitalization 100.00% 100.00%
GULF POWER CO | 6% Preference stock    
Cumulative preferred stock    
Preference stock $ 0 $ 54,000,000
GULF POWER CO | 6.45 % Preference stock    
Cumulative preferred stock    
Preference stock 0 44,000,000
GULF POWER CO | 5.6% Preference Stock    
Cumulative preferred stock    
Preference stock 0 49,000,000
GULF POWER CO | Maturity of Long Term Senior Notes and Debt In Last Twelve Months    
Maturity    
2017 0 87,000,000
GULF POWER CO | Maturity of Long Term Senior Notes and Debt in 2021    
Maturity    
2022 100,000,000 100,000,000
GULF POWER CO | Maturity of Long Term Senior Notes and Debt Two Thousand Twenty Seven to Two Thousand Forty Four [Member]    
Maturity    
After Five Years 715,000,000 415,000,000
GULF POWER CO | Maturity of Pollution Control Revenue Bonds 2023 through 2049    
Pollution control revenue bonds —    
Long-term pollution control bonds 190,000,000 190,000,000
GULF POWER CO | Pollution control revenue bonds due 2023 through 2049    
Pollution control revenue bonds —    
Long-term pollution control bonds 37,000,000 37,000,000
GULF POWER CO | Pollution control revenue bonds variable rate due 2022    
Pollution control revenue bonds —    
Long-term pollution control bonds 4,000,000 4,000,000
GULF POWER CO | Pollution control revenue bonds due 2022-2042    
Pollution control revenue bonds —    
Long-term pollution control bonds 78,000,000 78,000,000
MISSISSIPPI POWER CO    
Maturity    
2017 0 35,000,000
2018 50,000,000 50,000,000
2019 125,000,000 125,000,000
After Five Years 630,000,000 630,000,000
Total long-term notes payable 1,705,000,000 2,040,000,000
Pollution control revenue bonds —    
Long-term pollution control bonds 83,000,000 83,000,000
Total other long-term debt 353,000,000 904,000,000
Capitalized lease obligations 0 74,000,000
Unamortized debt premium 36,000,000 45,000,000
Unamortized debt discount (1,000,000) (2,000,000)
Unamortized debt issuance expense (7,000,000) (8,000,000)
Total long-term debt (annual interest requirement — $1.8 billion) 2,086,000,000 3,053,000,000
Less amount due within one year 989,000,000 629,000,000
Long-term debt excluding amount due within one year $ 1,097,000,000 $ 2,424,000,000
Percent capitalization 44.10% 44.90%
Cumulative preferred stock    
Total redeemable preferred stock - percent capitalization 1.30% 0.60%
Preferred stock $ 33,000,000 $ 33,000,000
Common Stockholders' Equity:    
Common stock 38,000,000 38,000,000
Paid-in capital 4,529,000,000 3,525,000,000
Retained earnings (3,205,000,000) (616,000,000)
Accumulated other comprehensive loss (4,000,000) (4,000,000)
Total common stockholders' equity $ 1,358,000,000 $ 2,943,000,000
Total common stockholders' equity - percent capitalization 54.60% 54.50%
Total stockholders' equity $ 1,358,000,000 $ 2,943,000,000
Total capitalization $ 2,488,000,000 $ 5,400,000,000
Percent capitalization 100.00% 100.00%
MISSISSIPPI POWER CO | Adjustable Rate Loans    
Maturity    
2018 $ 900,000,000 $ 1,200,000,000
MISSISSIPPI POWER CO | Plant Daniel revenue bonds (7.13%) due 2021    
Pollution control revenue bonds —    
Plant Daniel revenue bonds (7.13%) due 2021 270,000,000 270,000,000
MISSISSIPPI POWER CO | Pollution control revenue bonds due 2028    
Pollution control revenue bonds —    
Long-term pollution control bonds 43,000,000 43,000,000
MISSISSIPPI POWER CO | Maturity Of Pollution Control Bonds 2017    
Pollution control revenue bonds —    
Long-term pollution control bonds 40,000,000 40,000,000
MISSISSIPPI POWER CO | Maturity of Long-Term Debt Payable To Parent Company Period One    
Pollution control revenue bonds —    
Long-term debt due to parent company 0 551,000,000
SOUTHERN Co GAS    
Maturity    
2018 155,000,000  
2019 350,000,000  
2020 0  
2021 330,000,000  
2022 93,000,000  
After Five Years 4,600,000,000  
Total long-term notes payable   3,887,000,000
Pollution control revenue bonds —    
Gas facility revenue bonds 200,000,000 200,000,000
Total other long-term debt 1,225,000,000 825,000,000
Unamortized fair value adjustment of long-term debt 525,000,000 578,000,000
Unamortized debt (discount), net (17,000,000) (9,000,000)
Total long-term debt (annual interest requirement — $1.8 billion) 6,048,000,000 5,281,000,000
Less amount due within one year 157,000,000 22,000,000
Long-term debt excluding amount due within one year $ 5,891,000,000 $ 5,259,000,000
Percent capitalization 39.50% 36.60%
Cumulative preferred stock    
Redeemable noncontrolling interests   $ 0
Common Stockholders' Equity:    
Paid-in capital $ 9,214,000,000 9,095,000,000
Retained earnings (212,000,000) (12,000,000)
Accumulated other comprehensive loss 20,000,000 26,000,000
Total common stockholders' equity $ 9,022,000,000 $ 9,109,000,000
Total common stockholders' equity - percent capitalization 60.50% 63.40%
Total stockholders' equity $ 9,022,000,000 $ 9,109,000,000
Total capitalization $ 14,913,000,000 $ 14,368,000,000
Percent capitalization 100.00% 100.00%
SOUTHERN Co GAS | Maturity of Long Term Senior Notes and Debt In Last Twelve Months    
Maturity    
2017 $ 0 $ 22,000,000
SOUTHERN Co GAS | Maturity of Long Term Senior Notes and Debt 2018    
Maturity    
2018 155,000,000 155,000,000
SOUTHERN Co GAS | Maturity of Long Term Senior Notes and Debt 2019    
Maturity    
2019 300,000,000 300,000,000
SOUTHERN Co GAS | Maturity of Long Term Senior Notes and Debt in 2021    
Maturity    
2021 330,000,000 330,000,000
SOUTHERN Co GAS | Maturity of Long Term Senior Notes and Debt 2022    
Maturity    
2022 46,000,000 46,000,000
SOUTHERN Co GAS | Maturity of Long Term Senior Notes and Debt After Year Five    
Maturity    
After Five Years 3,484,000,000 3,034,000,000
SOUTHERN Co GAS | Long Term Senior Notes    
Maturity    
Total long-term notes payable 4,315,000,000  
SOUTHERN Co GAS | First Mortgage Bonds Due 2019    
Pollution control revenue bonds —    
First mortgage bonds 50,000,000 50,000,000
SOUTHERN Co GAS | First Mortgage Bonds Due 2023 to 2057    
Pollution control revenue bonds —    
First mortgage bonds 975,000,000 575,000,000
SOUTHERN Co GAS | Maturity Of Gas Facility Revenue Bonds Due 2022    
Pollution control revenue bonds —    
Gas facility revenue bonds 47,000,000 47,000,000
SOUTHERN Co GAS | Maturity Of Gas Facility Revenue Bonds Due 2024 to 2033    
Pollution control revenue bonds —    
Gas facility revenue bonds $ 153,000,000 $ 153,000,000