CONSOLIDATED ENTITIES AND EQUITY METHOD INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Regulated Operations [Abstract]

Equity Method Investments

Selected financial information of SNG for the three months ended March 31, 2020 and 2019 is as follows:

Income Statement Information	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
	(in millions)
Revenues	$	158	$	166
Operating income	98		106
Net income	75		84

The carrying amounts of Southern Company Gas' equity method investments as of March 31, 2020 and December 31, 2019 and related income from those investments for the three-month periods ended March 31, 2020 and 2019 were as follows:

Investment Balance	March 31, 2020		December 31, 2019(a)
	(in millions)
SNG(b)	$	1,216	$	1,137
PennEast Pipeline(c)	85		82
Other	32		32
Total	$	1,333	$	1,251

(a) Excludes investments in Atlantic Coast Pipeline and Pivotal JAX LNG classified as held for sale at December 31, 2019. See Note 15 to the financial statements under "Assets Held for Sale" in Item 8 of the Form 10-K for additional information.

(b) Increase primarily relates to a capital contribution, partially offset by the continued amortization of deferred tax assets established upon acquisition.

(c)

See Note (C) under "Other Matters – Southern Company Gas" for additional information on the PennEast Pipeline.

Schedule of Other Nonoperating Income, by Component

Earnings from Equity Method Investments	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
	(in millions)
SNG	$	37	$	42
Atlantic Coast Pipeline(*)	3		3
PennEast Pipeline(*)	2		2
Other	1		1
Total	$	43	$	48