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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 1,361 $ 1,396
Receivables —    
Customer accounts receivable 1,715 1,726
Energy marketing receivables 529 801
Unbilled revenues 555 654
Under recovered fuel clause revenues 73 115
Other accounts and notes receivable 863 813
Accumulated provision for uncollectible accounts (46) (50)
Materials and supplies 1,477 1,465
Fossil fuel for generation 427 405
Natural gas for sale 189 524
Prepaid expenses 786 432
Assets from risk management activities, net of collateral 111 222
Other regulatory assets 482 525
Assets held for sale 55 393
Other current assets 132 162
Total current assets 8,709 9,583
Property, Plant, and Equipment:    
In service 102,673 103,706
Less: Accumulated depreciation 30,834 31,038
Plant in service, net of depreciation 71,839 72,668
Other utility plant, net 1,315 0
Nuclear fuel, at amortized cost 885 875
Construction work in progress 7,598 7,254
Total property, plant, and equipment 81,637 80,797
Other Property and Investments:    
Goodwill 5,284 5,315
Equity investments in unconsolidated subsidiaries 1,598 1,580
Other intangible assets, net of amortization 585 613
Nuclear decommissioning trusts, at fair value 1,875 1,721
Leveraged leases 806 798
Miscellaneous property and investments 363 269
Total other property and investments 10,511 10,296
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,881  
Deferred charges related to income taxes 794 794
Unamortized loss on reacquired debt 318 323
Other regulatory assets, deferred 8,191 8,308
Assets held for sale, deferred 763 5,350
Other deferred charges and assets 1,292 1,463
Total deferred charges and other assets 13,239 16,238
Total Assets 114,096 116,914
Current Liabilities:    
Securities due within one year 2,315 3,198
Notes payable 1,251 2,915
Energy marketing trade payables 532 856
Accounts payable —    
Accounts payable 2,037 2,580
Customer deposits 483 522
Accrued taxes —    
Accrued income taxes 340 21
Other accrued taxes 331 635
Accrued interest 412 472
Accrued compensation 473 1,030
Asset retirement obligations 417 404
Other regulatory liabilities 310 376
Liabilities held for sale 38 425
Operating lease obligations 226  
Other current liabilities 754 852
Total current liabilities 9,919 14,286
Long-term Debt 40,457 40,736
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 7,937 6,558
Deferred credits related to income taxes 6,417 6,460
Accumulated deferred ITCs 2,353 2,372
Employee benefit obligations 2,084 2,147
Operating lease obligations, deferred 1,720  
Asset retirement obligations, deferred 9,011 8,990
Accrued environmental remediation 261 268
Other cost of removal obligations 2,304 2,297
Other regulatory liabilities, deferred 211 169
Liabilities held for sale, deferred 39 2,836
Other deferred credits and liabilities 405 465
Total deferred credits and other liabilities 32,742 32,562
Total Liabilities 83,118 87,584
Redeemable Preferred Stock of Subsidiaries 291 291
Stockholders' Equity:    
Total stockholders' equity 30,687 29,039
Total Liabilities and Stockholders' Equity 114,096 116,914
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 759 313
Receivables —    
Customer accounts receivable 382 403
Unbilled revenues 126 150
Affiliated 45 94
Other accounts and notes receivable 58 51
Accumulated provision for uncollectible accounts (10) (10)
Materials and supplies 558 546
Fossil fuel for generation 120 141
Prepaid expenses 113 66
Other regulatory assets 125 137
Other current assets 21 18
Total current assets 2,297 1,909
Property, Plant, and Equipment:    
In service 28,810 30,402
Less: Accumulated depreciation 9,447 9,988
Plant in service, net of depreciation 19,363 20,414
Other utility plant, net 1,315 0
Nuclear fuel, at amortized cost 320 324
Construction work in progress 1,023 1,113
Total property, plant, and equipment 22,021 21,851
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 64 65
Nuclear decommissioning trusts, at fair value 933 847
Miscellaneous property and investments 129 127
Total other property and investments 1,126 1,039
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 160  
Deferred charges related to income taxes 239 240
Deferred under recovered regulatory clause revenues 21 116
Other regulatory assets, deferred 1,350 1,386
Other deferred charges and assets 193 189
Total deferred charges and other assets 1,963 1,931
Total Assets 27,407 26,730
Current Liabilities:    
Securities due within one year 1 201
Accounts payable —    
Affiliated 262 364
Other 346 614
Customer deposits 97 96
Accrued taxes —    
Other accrued taxes 97 44
Accrued interest 77 89
Accrued compensation 102 227
Asset retirement obligations 163 163
Operating lease obligations 47  
Other current liabilities 97 161
Total current liabilities 1,242 1,959
Long-term Debt 7,924 7,923
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 2,971 2,962
Deferred credits related to income taxes 2,015 2,027
Accumulated deferred ITCs 105 106
Employee benefit obligations 302 314
Operating lease obligations, deferred 147  
Asset retirement obligations, deferred 3,064 3,047
Other cost of removal obligations 489 497
Other regulatory liabilities, deferred 107 69
Other deferred credits and liabilities 30 58
Total deferred credits and other liabilities 9,230 9,080
Total Liabilities 18,396 18,962
Redeemable Preferred Stock 291 291
Stockholders' Equity:    
Total stockholders' equity 8,720 7,477
Total Liabilities and Stockholders' Equity 27,407 26,730
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 9 4
Restricted cash and cash equivalents 0 108
Receivables —    
Customer accounts receivable 550 591
Unbilled revenues 179 208
Under recovered fuel clause revenues 73 115
Joint owner accounts receivable 170 170
Affiliated 21 39
Other accounts and notes receivable 241 80
Accumulated provision for uncollectible accounts (2) (2)
Materials and supplies 504 519
Fossil fuel for generation 272 231
Prepaid expenses 193 142
Other regulatory assets 210 199
Other current assets 48 70
Total current assets 2,468 2,474
Property, Plant, and Equipment:    
In service 38,015 37,675
Less: Accumulated depreciation 12,210 12,096
Plant in service, net of depreciation 25,805 25,579
Nuclear fuel, at amortized cost 565 550
Construction work in progress 5,298 4,833
Total property, plant, and equipment 31,668 30,962
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 50 51
Nuclear decommissioning trusts, at fair value 942 873
Miscellaneous property and investments 73 72
Total other property and investments 1,065 996
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,519  
Deferred charges related to income taxes 518 517
Other regulatory assets, deferred 4,921 4,902
Other deferred charges and assets 379 514
Total deferred charges and other assets 7,337 5,933
Total Assets 42,538 40,365
Current Liabilities:    
Securities due within one year 973 617
Notes payable 275 294
Accounts payable —    
Affiliated 448 575
Other 827 890
Customer deposits 278 276
Accrued taxes —    
Other accrued taxes 132 377
Accrued interest 103 105
Accrued compensation 112 221
Asset retirement obligations 221 202
Other regulatory liabilities 197 169
Operating lease obligations 139  
Other current liabilities 305 183
Total current liabilities 3,871 3,909
Long-term Debt 10,108 9,364
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,192 3,062
Deferred credits related to income taxes 3,079 3,080
Accumulated deferred ITCs 259 262
Employee benefit obligations 567 599
Operating lease obligations, deferred 1,404  
Asset retirement obligations, deferred 5,634 5,627
Other deferred credits and liabilities 155 139
Total deferred credits and other liabilities 14,290 12,769
Total Liabilities 28,269 26,042
Stockholders' Equity:    
Total stockholders' equity 14,269 14,323
Total Liabilities and Stockholders' Equity 42,538 40,365
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 212 293
Receivables —    
Customer accounts receivable 29 34
Unbilled revenues 37 41
Affiliated 16 21
Other accounts and notes receivable 36 31
Materials and supplies 52 53
Fossil fuel for generation 23 20
Other regulatory assets 102 116
Other current assets 6 19
Total current assets 513 628
Property, Plant, and Equipment:    
In service 4,821 4,900
Less: Accumulated depreciation 1,467 1,429
Plant in service, net of depreciation 3,354 3,471
Construction work in progress 110 103
Total property, plant, and equipment 3,464 3,574
Other Property and Investments:    
Total other property and investments 123 24
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 8  
Deferred charges related to income taxes 33 33
Other regulatory assets, deferred 487 474
Accumulated deferred income taxes 148 150
Other deferred charges and assets 17 3
Total deferred charges and other assets 685 660
Total Assets 4,785 4,886
Current Liabilities:    
Securities due within one year 339 40
Accounts payable —    
Affiliated 52 60
Other 50 90
Accrued taxes —    
Other accrued taxes 33 95
Accrued interest 20 15
Accrued compensation 16 38
Accrued plant closure costs 26 29
Asset retirement obligations 28 34
Operating lease obligations 3  
Other current liabilities 55 40
Over recovered regulatory clause liabilities 14 14
Total current liabilities 633 455
Long-term Debt 1,280 1,539
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 373 378
Deferred credits related to income taxes 367 382
Employee benefit obligations 111 115
Operating lease obligations, deferred 5  
Asset retirement obligations, deferred 127 126
Other cost of removal obligations 186 185
Other regulatory liabilities, deferred 80 81
Other deferred credits and liabilities 18 16
Total deferred credits and other liabilities 1,262 1,283
Total Liabilities 3,175 3,277
Stockholders' Equity:    
Total stockholders' equity 1,610 1,609
Total Liabilities and Stockholders' Equity 4,785 4,886
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 133 181
Receivables —    
Customer accounts receivable 120 111
Affiliated 33 55
Other accounts and notes receivable 116 116
Materials and supplies 218 220
Prepaid income taxes 1,190 25
Other current assets 37 37
Total current assets 1,847 745
Property, Plant, and Equipment:    
In service 13,284 13,271
Less: Accumulated depreciation 2,288 2,171
Plant in service, net of depreciation 10,996 11,100
Construction work in progress 409 430
Total property, plant, and equipment 11,405 11,530
Other Property and Investments:    
Intangible assets, net of amortization 340 345
Miscellaneous property and investments 2 0
Total other property and investments 342 345
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 372  
Prepaid LTSAs 102 98
Accumulated deferred income taxes 17 1,186
Income taxes receivable, non-current 33 30
Assets held for sale, deferred 644 576
Other deferred charges and assets 342 373
Total deferred charges and other assets 1,510 2,263
Total Assets 15,104 14,883
Current Liabilities:    
Securities due within one year 599 599
Notes payable 105 100
Accounts payable —    
Affiliated 69 92
Other 66 77
Accrued taxes —    
Accrued income taxes 11 6
Accrued interest 44 36
Liabilities held for sale 9 15
Operating lease obligations 22  
Other current liabilities 111 106
Total current liabilities 1,014 1,031
Long-term Debt 4,396 4,418
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 107 105
Accumulated deferred ITCs 1,817 1,832
Operating lease obligations, deferred 371  
Other deferred credits and liabilities 181 213
Total deferred credits and other liabilities 2,476 2,150
Total Liabilities 7,886 7,599
Stockholders' Equity:    
Total stockholders' equity 7,218 7,284
Total Liabilities and Stockholders' Equity 15,104 14,883
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 57 64
Receivables —    
Customer accounts receivable 472 370
Energy marketing receivables 529 801
Unbilled revenues 179 213
Affiliated 9 11
Other accounts and notes receivable 108 142
Accumulated provision for uncollectible accounts (27) (30)
Natural gas for sale 189 524
Prepaid expenses 99 118
Assets from risk management activities, net of collateral 108 219
Other regulatory assets 46 73
Other current assets 42 50
Total current assets 1,811 2,555
Property, Plant, and Equipment:    
In service 15,417 15,177
Less: Accumulated depreciation 4,466 4,400
Plant in service, net of depreciation 10,951 10,777
Construction work in progress 577 580
Total property, plant, and equipment 11,528 11,357
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,557 1,538
Other intangible assets, net of amortization 93 101
Miscellaneous property and investments 20 20
Total other property and investments 6,685 6,674
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 86  
Other regulatory assets, deferred 657 669
Other deferred charges and assets 185 193
Total deferred charges and other assets 928 862
Total Assets 20,952 21,448
Current Liabilities:    
Securities due within one year 354 357
Notes payable 361 650
Energy marketing trade payables 532 856
Accounts payable —    
Affiliated 31 45
Other 391 402
Customer deposits 91 133
Accrued taxes —    
Accrued income taxes 89 66
Other accrued taxes 72 75
Accrued interest 64 55
Accrued compensation 49 100
Liabilities from risk management activities, net of collateral 26 76
Other regulatory liabilities 86 79
Operating lease obligations 13  
Other current liabilities 160 130
Total current liabilities 2,306 3,024
Long-term Debt 5,574 5,583
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,064 1,016
Deferred credits related to income taxes 926 940
Employee benefit obligations 351 357
Operating lease obligations, deferred 71  
Accrued environmental remediation 261 268
Other cost of removal obligations 1,598 1,585
Other deferred credits and liabilities 63 105
Total deferred credits and other liabilities 4,334 4,271
Total Liabilities 12,214 12,878
Stockholders' Equity:    
Total stockholders' equity 8,738 8,570
Total Liabilities and Stockholders' Equity $ 20,952 $ 21,448