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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues:        
Retail electric revenues $ 3,740 $ 3,777 $ 7,308 $ 7,171
Wholesale electric revenues 611 618 1,230 1,149
Other electric revenues 175 167 339 342
Natural gas revenues (includes alternative revenue programs of $(4), $-, $(27), and $9, respectively) 706 684 2,314 2,214
Alternative revenue programs (4) 0 (27) 9
Other revenues 395 184 808 326
Total operating revenues 5,627 5,430 11,999 11,202
Operating Expenses:        
Fuel 1,103 1,092 2,204 2,088
Purchased power 236 211 503 390
Cost of natural gas 228 232 949 951
Cost of other sales 279 114 568 203
Other operations and maintenance 1,559 1,356 3,008 2,740
Depreciation and amortization 783 754 1,552 1,469
Taxes other than income taxes 316 308 671 638
Estimated loss on plants under construction 1,060 3,012 1,105 3,120
Asset impairment     161 0
Goodwill impairment     42  
Total operating expenses 5,564 7,079 10,560 11,599
Operating Income (Loss) 63 (1,649) 1,439 (397)
Other Income and (Expense):        
Allowance for equity funds used during construction 32 58 63 115
Earnings from equity method investments 31 28 72 67
Interest expense, net of amounts capitalized (470) (424) (928) (840)
Other income (expense), net 78 52 138 98
Total other income and (expense) (329) (286) (655) (560)
Earnings (Loss) Before Income Taxes (266) (1,935) 784 (957)
Income taxes (benefit) (139) (587) (25) (273)
Consolidated Net Income (Loss) (127) (1,348) 809 (684)
Less:        
Dividends on preferred and preference stock of subsidiaries 4 11 8 22
Net income attributable to noncontrolling interests 23 22 17 17
Net Income (Loss) $ (154) $ (1,381) $ 784 $ (723)
Earnings (loss) per share —        
Basic (in dollars per share) $ (0.15) $ (1.38) $ 0.77 $ (0.73)
Diluted (in dollars per share) $ (0.15) $ (1.37) $ 0.77 $ (0.72)
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 1,014 998 1,012 996
Diluted (in shares) 1,014 1,005 1,017 1,003
Cash dividends paid per share of common stock (in dollars per share) $ 0.60 $ 0.58 $ 1.18 $ 1.14
ALABAMA POWER CO        
Operating Revenues:        
Retail electric revenues $ 1,338 $ 1,333 $ 2,624 $ 2,560
Wholesale revenues, non-affiliates 65 68 139 133
Wholesale revenues, affiliates 31 32 82 65
Other revenues 69 51 131 108
Total operating revenues 1,503 1,484 2,976 2,866
Operating Expenses:        
Fuel 347 303 672 601
Purchased power, non-affiliates 48 40 113 75
Purchased power, affiliates 43 34 80 62
Other operations and maintenance 402 389 788 772
Depreciation and amortization 189 183 379 364
Taxes other than income taxes 94 95 192 191
Total operating expenses 1,123 1,044 2,224 2,065
Operating Income (Loss) 380 440 752 801
Other Income and (Expense):        
Allowance for equity funds used during construction 14 8 27 16
Interest expense, net of amounts capitalized (80) (77) (158) (153)
Other income (expense), net 12 15 15 25
Total other income and (expense) (54) (54) (116) (112)
Earnings (Loss) Before Income Taxes 326 386 636 689
Income taxes (benefit) 64 151 145 277
Consolidated Net Income (Loss) 262 235 491 412
Less:        
Dividends on preferred and preference stock of subsidiaries 3 5 7 9
Net Income (Loss) 259 230 484 403
GEORGIA POWER CO        
Operating Revenues:        
Retail electric revenues 1,889 1,904 3,688 3,593
Wholesale revenues, non-affiliates 36 40 80 79
Wholesale revenues, affiliates 3 9 13 17
Other revenues 120 95 227 191
Total operating revenues 2,048 2,048 4,008 3,880
Operating Expenses:        
Fuel 378 445 790 815
Purchased power, non-affiliates 111 103 233 191
Purchased power, affiliates 178 138 349 310
Other operations and maintenance 457 417 863 816
Depreciation and amortization 230 223 458 444
Taxes other than income taxes 106 101 214 199
Estimated loss on plants under construction 1,060 0 1,060 0
Total operating expenses 2,520 1,427 3,967 2,775
Operating Income (Loss) (472) 621 41 1,105
Other Income and (Expense):        
Allowance for equity funds used during construction     32 25
Interest expense, net of amounts capitalized (102) (104) (208) (205)
Other income (expense), net 35 34 73 71
Total other income and (expense) (67) (70) (135) (134)
Earnings (Loss) Before Income Taxes (539) 551 (94) 971
Income taxes (benefit) (143) 199 (50) 355
Consolidated Net Income (Loss) (396) 352 (44) 616
Less:        
Dividends on preferred and preference stock of subsidiaries 0 5 0 9
Net Income (Loss) (396) 347 (44) 607
GULF POWER CO        
Operating Revenues:        
Retail electric revenues 301 318 591 596
Wholesale revenues, non-affiliates 13 12 26 30
Wholesale revenues, affiliates 14 10 42 47
Other revenues 16 17 33 34
Total operating revenues 344 357 692 707
Operating Expenses:        
Fuel 91 88 173 196
Purchased power, non-affiliates 44 44 90 78
Other operations and maintenance 90 90 166 176
Depreciation and amortization 48 35 95 53
Taxes other than income taxes 28 28 58 55
Loss on Plant Scherer Unit 3 0 0 0 33
Total operating expenses 301 285 582 591
Operating Income (Loss) 43 72 110 116
Other Income and (Expense):        
Interest expense, net of amounts capitalized (13) (13) (26) (24)
Other income (expense), net 1 2 3 3
Total other income and (expense) (12) (11) (23) (21)
Earnings (Loss) Before Income Taxes 31 61 87 95
Income taxes (benefit) (11) 24 3 38
Consolidated Net Income (Loss) 42 37 84 57
Less:        
Dividends on preferred and preference stock of subsidiaries 0 2 0 4
Net Income (Loss) 42 35 84 53
MISSISSIPPI POWER CO        
Operating Revenues:        
Retail electric revenues 212 222 406 422
Wholesale revenues, non-affiliates 55 62 118 124
Wholesale revenues, affiliates 19 15 54 20
Other revenues 11 4 20 9
Total operating revenues 297 303 598 575
Operating Expenses:        
Fuel 98 102 197 180
Purchased power, non-affiliates 7 6 16 14
Other operations and maintenance 67 72 141 148
Depreciation and amortization 44 41 84 81
Taxes other than income taxes 27 26 54 52
Estimated loss on plants under construction 0 3,012 45 3,120
Total operating expenses 243 3,259 537 3,595
Operating Income (Loss) 54 (2,956) 61 (3,020)
Other Income and (Expense):        
Allowance for equity funds used during construction 0 36 0 71
Interest expense, net of amounts capitalized (21) (17) (39) (37)
Other income (expense), net 27 3 27 5
Total other income and (expense) 6 22 (12) 39
Earnings (Loss) Before Income Taxes 60 (2,934) 49 (2,981)
Income taxes (benefit) 13 (881) 9 (908)
Consolidated Net Income (Loss) 47 (2,053) 40 (2,073)
Less:        
Dividends on preferred and preference stock of subsidiaries 1 1 1 1
Net Income (Loss) 46 (2,054) 39 (2,074)
SOUTHERN POWER CO        
Operating Revenues:        
Wholesale revenues, non-affiliates 443 436 867 783
Wholesale revenues, affiliates 109 90 192 190
Other revenues 3 3 5 6
Total operating revenues 555 529 1,064 979
Operating Expenses:        
Fuel 153 139 321 271
Purchased power, non-affiliates 39 40 100 70
Other operations and maintenance 91 97 184 190
Depreciation and amortization 125 129 240 247
Taxes other than income taxes 12 12 24 24
Asset impairment 119 0 119 0
Total operating expenses 539 417 988 802
Operating Income (Loss) 16 112 76 177
Other Income and (Expense):        
Interest expense, net of amounts capitalized (46) (48) (93) (97)
Other income (expense), net 2 2 5 (2)
Total other income and (expense) (44) (46) (88) (99)
Earnings (Loss) Before Income Taxes (28) 66 (12) 78
Income taxes (benefit) (73) (38) (172) (90)
Consolidated Net Income (Loss) 45 104 160 168
Less:        
Net income attributable to noncontrolling interests 23 22 17 17
Net Income (Loss) 22 82 143 151
SOUTHERN Co GAS        
Operating Revenues:        
Natural gas revenues (includes alternative revenue programs of $(4), $-, $(27), and $9, respectively) 710 684 2,341 2,205
Alternative revenue programs (4) 0 (27) 9
Other revenues 24 32 55 62
Total operating revenues 730 716 2,369 2,276
Operating Expenses:        
Cost of natural gas 228 232 949 951
Cost of other sales 5 6 12 13
Other operations and maintenance 238 214 514 470
Depreciation and amortization 126 125 255 244
Taxes other than income taxes 48 44 125 114
Goodwill impairment 0 0 42 0
Loss on disposition 36 0 36 0
Total operating expenses 681 621 1,933 1,792
Operating Income (Loss) 49 95 436 484
Other Income and (Expense):        
Earnings from equity method investments 31 29 74 68
Interest expense, net of amounts capitalized (59) (48) (118) (94)
Other income (expense), net 3 4 15 10
Total other income and (expense) (25) (15) (29) (16)
Earnings (Loss) Before Income Taxes 24 80 407 468
Income taxes (benefit) 55 31 159 180
Consolidated Net Income (Loss) (31) 49 248 288
Less:        
Net Income (Loss) $ (31) $ 49 $ 248 $ 288