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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 1,975 $ 1,396
Receivables —    
Customer accounts receivable 1,614 1,726
Energy marketing receivable 428 801
Unbilled revenues 599 654
Under recovered fuel clause revenues 0 115
Other accounts and notes receivable 817 813
Accumulated provision for uncollectible accounts (49) (50)
Materials and supplies 1,388 1,465
Fossil fuel for generation 521 405
Natural gas for sale 479 524
Prepaid expenses 314 432
Regulatory assets – asset retirement obligations 287 0
Assets from risk management activities, net of collateral 183 222
Other regulatory assets 885 525
Assets held for sale 188 393
Other current assets 188 162
Total current assets 9,817 9,583
Property, Plant, and Equipment:    
In service 105,114 103,706
Less: Accumulated depreciation 30,765 31,038
Plant in service, net of depreciation 74,349 72,668
Nuclear fuel, at amortized cost 851 875
Construction work in progress 7,880 7,254
Total property, plant, and equipment 83,080 80,797
Other Property and Investments:    
Goodwill 5,280 5,315
Equity investments in unconsolidated subsidiaries 1,303 1,580
Other intangible assets, net of amortization 536 613
Nuclear decommissioning trusts, at fair value 2,036 1,721
Leveraged leases 788 798
Miscellaneous property and investments 391 269
Total other property and investments 10,334 10,296
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,800  
Deferred charges related to income taxes 798 794
Unamortized loss on reacquired debt 300 323
Regulatory assets – asset retirement obligations, deferred 4,094 2,933
Other regulatory assets, deferred 6,805 5,375
Assets held for sale, deferred 601 5,350
Other deferred charges and assets 1,071 1,463
Total deferred charges and other assets 15,469 16,238
Total Assets 118,700 116,914
Current Liabilities:    
Securities due within one year 2,989 3,198
Notes payable 2,055 2,915
Accounts payable —    
Energy marketing trade payables 442 856
Accounts payable 2,115 2,580
Customer deposits 496 522
Accrued income taxes 0 21
Other accrued taxes 659 635
Accrued interest 474 472
Accrued compensation 992 1,030
Asset retirement obligations 504 404
Other regulatory liabilities 756 376
Liabilities held for sale 5 425
Operating lease obligations 229  
Other current liabilities 830 852
Total current liabilities 12,546 14,286
Long-Term Debt:    
Unamortized debt premium (discount), net 152 158
Unamortized debt issuance expense (247) (208)
Total long-term debt 41,798 40,736
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 7,888 6,558
Deferred credits related to income taxes 6,078 6,460
Accumulated deferred ITCs 2,291 2,372
Employee benefit obligations 1,814 2,147
Operating lease obligations, deferred 1,615  
Asset retirement obligations, deferred 9,282 8,990
Accrued environmental remediation 234 268
Other cost of removal obligations 2,239 2,297
Other regulatory liabilities, deferred 256 169
Liabilities held for sale, deferred 0 2,836
Other deferred credits and liabilities 609 465
Total deferred credits and other liabilities 32,306 32,562
Total Liabilities 86,650 87,584
Common Stockholder's Equity:    
Common stock 5,257 5,164
Paid-in capital 11,734 11,094
Retained earnings 10,877 8,706
Accumulated other comprehensive income (loss) (321) (203)
Total common stockholders' equity 27,505 24,723
Redeemable Preferred Stock of Subsidiaries 291 291
Total Stockholders' Equity 31,759 29,039
Total Liabilities and Stockholder's Equity 118,700 116,914
Commitments and Contingent Matters
Alabama Power    
Current Assets:    
Cash and cash equivalents 894 313
Receivables —    
Customer accounts receivable 425 403
Unbilled revenues 134 150
Other accounts and notes receivable 72 51
Affiliated 37 94
Accumulated provision for uncollectible accounts (22) (10)
Materials and supplies 512 546
Fossil fuel for generation 212 141
Prepaid expenses 50 66
Other regulatory assets 242 137
Other current assets 30 18
Total current assets 2,586 1,909
Property, Plant, and Equipment:    
In service 30,023 30,402
Less: Accumulated depreciation 9,540 9,988
Plant in service, net of depreciation 20,483 20,414
Nuclear fuel, at amortized cost 296 324
Construction work in progress 890 1,113
Total property, plant, and equipment 21,669 21,851
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 66 65
Nuclear decommissioning trusts, at fair value 1,023 847
Miscellaneous property and investments 128 127
Total other property and investments 1,217 1,039
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 132  
Deferred charges related to income taxes 244 240
Deferred under recovered regulatory clause revenues 40 116
Regulatory assets – asset retirement obligations, deferred 1,019 147
Other regulatory assets, deferred 1,976 1,240
Other deferred charges and assets 269 188
Total deferred charges and other assets 3,680 1,931
Total Assets 29,152 26,730
Current Liabilities:    
Securities due within one year 251 201
Accounts payable —    
Affiliated 316 364
Other 514 614
Customer deposits 100 96
Accrued income taxes 78 44
Accrued interest 92 89
Accrued compensation 216 227
Asset retirement obligations 195 163
Other regulatory liabilities 193 116
Operating lease obligations 49  
Other current liabilities 105 45
Total current liabilities 2,060 1,959
Long-Term Debt:    
Unamortized debt premium (discount), net 14 12
Unamortized debt issuance expense (55) (54)
Total long-term debt 8,270 7,923
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,260 2,962
Deferred credits related to income taxes 1,960 2,027
Accumulated deferred ITCs 100 106
Employee benefit obligations 206 314
Operating lease obligations, deferred 107  
Asset retirement obligations, deferred 3,345 3,047
Other cost of removal obligations 412 497
Other regulatory liabilities, deferred 146 69
Other deferred credits and liabilities 40 58
Total deferred credits and other liabilities 9,576 9,080
Total Liabilities 19,906 18,962
Redeemable Preferred Stock 291 291
Common Stockholder's Equity:    
Common stock 1,222 1,222
Paid-in capital 4,755 3,508
Retained earnings 3,001 2,775
Accumulated other comprehensive income (loss) (23) (28)
Total common stockholders' equity 8,955 7,477
Redeemable Preferred Stock of Subsidiaries 291 291
Total Stockholders' Equity 8,955 7,477
Total Liabilities and Stockholder's Equity 29,152 26,730
Commitments and Contingent Matters
Georgia Power    
Current Assets:    
Cash and cash equivalents 52 4
Restricted cash and cash equivalents 0 108
Receivables —    
Customer accounts receivable 533 591
Unbilled revenues 203 208
Under recovered fuel clause revenues 0 115
Joint owner accounts receivable 136 170
Other accounts and notes receivable 209 80
Affiliated 21 39
Accumulated provision for uncollectible accounts (2) (2)
Materials and supplies 501 519
Fossil fuel for generation 272 231
Prepaid expenses 63 142
Regulatory assets – storm damage reserves 213 30
Regulatory assets – asset retirement obligations 254 0
Other regulatory assets 263 169
Other current assets 77 70
Total current assets 2,795 2,474
Property, Plant, and Equipment:    
In service 38,137 37,675
Less: Accumulated depreciation 11,753 12,096
Plant in service, net of depreciation 26,384 25,579
Nuclear fuel, at amortized cost 555 550
Construction work in progress 5,650 4,833
Total property, plant, and equipment 32,589 30,962
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 52 51
Nuclear decommissioning trusts, at fair value 1,013 873
Miscellaneous property and investments 64 72
Total other property and investments 1,129 996
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,428  
Deferred charges related to income taxes 519 517
Regulatory assets – asset retirement obligations, deferred 2,865 2,644
Other regulatory assets, deferred 2,716 2,258
Other deferred charges and assets 500 514
Total deferred charges and other assets 8,028 5,933
Total Assets 44,541 40,365
Current Liabilities:    
Securities due within one year 1,025 617
Notes payable 365 294
Accounts payable —    
Affiliated 512 575
Other 711 890
Customer deposits 283 276
Other accrued taxes 407 377
Accrued interest 118 105
Accrued compensation 233 221
Asset retirement obligations 265 202
Other regulatory liabilities 447 169
Operating lease obligations 144  
Other current liabilities 187 183
Total current liabilities 4,697 3,909
Long-Term Debt:    
Unamortized debt premium (discount), net 7 6
Unamortized debt issuance expense (117) (108)
Total long-term debt 10,791 9,364
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,257 3,062
Deferred credits related to income taxes 2,862 3,080
Accumulated deferred ITCs 255 262
Employee benefit obligations 540 599
Operating lease obligations, deferred 1,282  
Asset retirement obligations, deferred 5,519 5,627
Accrued environmental remediation 0 0
Other deferred credits and liabilities 273 139
Total deferred credits and other liabilities 13,988 12,769
Total Liabilities 29,476 26,042
Common Stockholder's Equity:    
Common stock 398 398
Paid-in capital 10,962 10,322
Retained earnings 3,756 3,612
Accumulated other comprehensive income (loss) (51) (9)
Total common stockholders' equity 15,065 14,323
Total Stockholders' Equity 15,065 14,323
Total Liabilities and Stockholder's Equity 44,541 40,365
Commitments and Contingent Matters
Mississippi Power    
Current Assets:    
Cash and cash equivalents 286 293
Receivables —    
Customer accounts receivable 35 34
Unbilled revenues 39 41
Other accounts and notes receivable 26 31
Affiliated 27 21
Materials and supplies 61 53
Fossil fuel for generation 26 20
Other regulatory assets 99 116
Prepaid income taxes 0 12
Other current assets 10 7
Total current assets 609 628
Property, Plant, and Equipment:    
In service 4,857 4,900
Less: Accumulated depreciation 1,463 1,429
Plant in service, net of depreciation 3,394 3,471
Construction work in progress 126 103
Total property, plant, and equipment 3,520 3,574
Other Property and Investments:    
Total other property and investments 131 24
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 6  
Deferred charges related to income taxes 32 33
Regulatory assets – asset retirement obligations, deferred 210 143
Other regulatory assets, deferred 360 331
Accumulated deferred income taxes 139 150
Other deferred charges and assets 34 3
Total deferred charges and other assets 775 660
Total Assets 5,035 4,886
Current Liabilities:    
Securities due within one year 281 40
Accounts payable —    
Affiliated 76 60
Other 75 90
Accrued income taxes 105 95
Accrued interest 15 15
Accrued compensation 35 38
Accrued plant closure costs 15 29
Asset retirement obligations 33 34
Other regulatory liabilities 21 12
Over recovered regulatory clause liabilities 29 14
Operating lease obligations 2  
Other current liabilities 49 28
Total current liabilities 734 455
Long-Term Debt:    
Unamortized debt premium (discount), net (19) (27)
Unamortized debt issuance expense (8) (8)
Total long-term debt 1,308 1,539
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 424 378
Deferred credits related to income taxes 352 382
Employee benefit obligations 99 115
Operating lease obligations, deferred 4  
Asset retirement obligations, deferred 157 126
Other cost of removal obligations 189 185
Other regulatory liabilities, deferred 76 81
Other deferred credits and liabilities 44 16
Total deferred credits and other liabilities 1,341 1,283
Total Liabilities 3,383 3,277
Common Stockholder's Equity:    
Common stock 38 38
Paid-in capital 4,449 4,546
Retained earnings (2,832) (2,971)
Accumulated other comprehensive income (loss) (3) (4)
Total common stockholders' equity 1,652 1,609
Total Stockholders' Equity 1,652 1,609
Total Liabilities and Stockholder's Equity 5,035 4,886
Commitments and Contingent Matters
Southern Power    
Current Assets:    
Cash and cash equivalents 279 181
Receivables —    
Customer accounts receivable 107 111
Other accounts and notes receivable 73 116
Affiliated 30 55
Materials and supplies 191 220
Prepaid income taxes 36 25
Other current assets 43 37
Total current assets 759 745
Property, Plant, and Equipment:    
In service 13,270 13,271
Less: Accumulated depreciation 2,464 2,171
Plant in service, net of depreciation 10,806 11,100
Construction work in progress 515 430
Total property, plant, and equipment 11,321 11,530
Other Property and Investments:    
Intangible assets, net of amortization 322 345
Miscellaneous property and investments 28 0
Total other property and investments 350 345
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 369  
Prepaid LTSAs 128 98
Income taxes receivable, non-current 5 30
Assets held for sale, deferred 601 576
Accumulated deferred income taxes 551 1,186
Other deferred charges and assets 216 373
Total deferred charges and other assets 1,870 2,263
Total Assets 14,300 14,883
Current Liabilities:    
Securities due within one year 824 599
Notes payable 549 100
Accounts payable —    
Affiliated 56 92
Other 85 77
Accrued income taxes 26 6
Accrued interest 32 36
Operating lease obligations 22  
Other current liabilities 132 121
Total current liabilities 1,704 1,031
Long-Term Debt:    
Unamortized debt premium (discount), net (8) (9)
Unamortized debt issuance expense (19) (23)
Total long-term debt 3,574 4,418
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 115 105
Accumulated deferred ITCs 1,731 1,832
Operating lease obligations, deferred 376  
Other deferred credits and liabilities 178 213
Total deferred credits and other liabilities 2,400 2,150
Total Liabilities 7,678 7,599
Common Stockholder's Equity:    
Common stock 0 0
Paid-in capital 909 1,600
Retained earnings 1,485 1,352
Accumulated other comprehensive income (loss) (26) 16
Total common stockholders' equity 2,368 2,968
Noncontrolling Interests 4,254 4,316
Total Stockholders' Equity 6,622 7,284
Total Liabilities and Stockholder's Equity 14,300 14,883
Commitments and Contingent Matters
Southern Power | 2.375% due 2020    
Long-Term Debt:    
Senior notes 0 300
Southern Power | 2.50% due 2021    
Long-Term Debt:    
Senior notes 300 300
Southern Power | 1.00% due 2022    
Long-Term Debt:    
Senior notes 674 687
Southern Power | 2.75% due 2023    
Long-Term Debt:    
Senior notes 290 290
Southern Power | Weighted average interest rate 4.12% at 12/31/19 due 2025-2046    
Long-Term Debt:    
Senior notes 2,337 2,348
Southern Power | Variable rate (3.34% at 12/31/18) due 2020    
Long-Term Debt:    
Other long-term debt 0 525
Southern Company Gas    
Current Assets:    
Cash and cash equivalents 46 64
Receivables —    
Customer accounts receivable 323 370
Energy marketing receivable 428 801
Unbilled revenues 183 213
Other accounts and notes receivable 114 142
Affiliated 5 11
Accumulated provision for uncollectible accounts (18) (30)
Natural gas for sale 479 524
Prepaid expenses 65 118
Assets from risk management activities, net of collateral 177 219
Other regulatory assets 92 73
Assets held for sale 171 0
Other current assets 41 50
Total current assets 2,106 2,555
Property, Plant, and Equipment:    
In service 16,344 15,177
Less: Accumulated depreciation 4,650 4,400
Plant in service, net of depreciation 11,694 10,777
Construction work in progress 613 580
Total property, plant, and equipment 12,307 11,357
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,251 1,538
Other intangible assets, net of amortization 70 101
Miscellaneous property and investments 20 20
Total other property and investments 6,356 6,674
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 93  
Other regulatory assets, deferred 618 669
Other deferred charges and assets 207 193
Total deferred charges and other assets 918 862
Total Assets 21,687 21,448
Current Liabilities:    
Securities due within one year 0 357
Notes payable 650 650
Accounts payable —    
Affiliated 41 45
Other 315 402
Energy marketing trade payables 442 856
Customer deposits 96 133
Accrued income taxes 0 66
Other accrued taxes 71 75
Accrued interest 52 55
Accrued compensation 100 100
Other regulatory liabilities 94 79
Liabilities from risk management activities 21 76
Operating lease obligations 14  
Other current liabilities 128 130
Total current liabilities 2,010 3,024
Long-Term Debt:    
Total long-term debt 5,845 5,583
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,219 1,016
Deferred credits related to income taxes 874 940
Employee benefit obligations 265 357
Operating lease obligations, deferred 78  
Accrued environmental remediation 233 268
Other cost of removal obligations 1,606 1,585
Other deferred credits and liabilities 51 105
Total deferred credits and other liabilities 4,326 4,271
Total Liabilities 12,181 12,878
Common Stockholder's Equity:    
Paid-in capital 9,697 8,856
Retained earnings (198) (312)
Accumulated other comprehensive income (loss) 7 26
Total common stockholders' equity 9,506 8,570
Total Stockholders' Equity 9,506 8,570
Total Liabilities and Stockholder's Equity 21,687 21,448
Commitments and Contingent Matters