Consolidated Entities and Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2019

Regulated Operations [Abstract]

Equity Method Investments

The carrying amounts of Southern Company Gas' equity method investments as of September 30, 2019 and December 31, 2018 and related income from those investments for the three- and nine-month periods ended September 30, 2019 and 2018 were as follows:

Investment Balance	September 30, 2019		December 31, 2018
	(in millions)
SNG(a)	$	1,210	$	1,261
Atlantic Coast Pipeline(b)	109		83
PennEast Pipeline	80		71
Other(c)	88		123
Total	$	1,487	$	1,538

(a) Decrease primarily relates to the continued amortization of deferred tax assets established upon acquisition.

(b) The Atlantic Coast Pipeline has a $3.4 billion revolving credit facility with a stated maturity date of October 2021. Southern Company Gas guarantees 5% of the outstanding borrowings under this facility; this guarantee totaled $85 million as of September 30, 2019.

(c) Decrease primarily relates to the sale of Triton.

Earnings from Equity Method Investments	Three Months Ended September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019			Nine Months Ended September 30, 2018
	(in millions)
SNG	$	30	$	29	$	104		$	95
Atlantic Coast Pipeline	3		1		9			4
PennEast Pipeline	2		2		5			4
Other(*)	—		2		(3		)	5
Total	$	35	$	34	$	115		$	108

(*)

Decrease primarily relates to the sale of Triton.

Selected financial information of SNG for the three and nine months ended September 30, 2019 and 2018 is as follows:

Income Statement Information	Three Months Ended September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019		Nine Months Ended September 30, 2018
	(in millions)
Revenues	$	152	$	145	$	473	$	451
Operating income	82		71		274		230
Net income	60		58		208		190

Schedule of Other Nonoperating Income, by Component

The carrying amounts of Southern Company Gas' equity method investments as of September 30, 2019 and December 31, 2018 and related income from those investments for the three- and nine-month periods ended September 30, 2019 and 2018 were as follows:

Investment Balance	September 30, 2019		December 31, 2018
	(in millions)
SNG(a)	$	1,210	$	1,261
Atlantic Coast Pipeline(b)	109		83
PennEast Pipeline	80		71
Other(c)	88		123
Total	$	1,487	$	1,538

(a) Decrease primarily relates to the continued amortization of deferred tax assets established upon acquisition.

(b) The Atlantic Coast Pipeline has a $3.4 billion revolving credit facility with a stated maturity date of October 2021. Southern Company Gas guarantees 5% of the outstanding borrowings under this facility; this guarantee totaled $85 million as of September 30, 2019.

(c) Decrease primarily relates to the sale of Triton.

Earnings from Equity Method Investments	Three Months Ended September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019			Nine Months Ended September 30, 2018
	(in millions)
SNG	$	30	$	29	$	104		$	95
Atlantic Coast Pipeline	3		1		9			4
PennEast Pipeline	2		2		5			4
Other(*)	—		2		(3		)	5
Total	$	35	$	34	$	115		$	108

(*)

Decrease primarily relates to the sale of Triton.