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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 3,379 $ 1,975
Receivables —    
Customer accounts receivable 1,778 1,614
Energy marketing receivables 328 428
Unbilled revenues 503 599
Other accounts and notes receivable 506 817
Accumulated provision for uncollectible accounts (99) (49)
Materials and supplies 1,522 1,388
Fossil fuel for generation 506 521
Natural gas for sale 448 479
Prepaid expenses 299 314
Assets from risk management activities, net of collateral 135 183
Regulatory assets – asset retirement obligations 246 287
Other regulatory assets 813 885
Assets held for sale 0 188
Other current assets 210 188
Total current assets 10,574 9,817
Property, Plant, and Equipment:    
In service 108,831 105,114
Less: Accumulated depreciation 32,099 30,765
Plant in service, net of depreciation 76,732 74,349
Nuclear fuel, at amortized cost 804 851
Construction work in progress 8,861 7,880
Total property, plant, and equipment 86,397 83,080
Other Property and Investments:    
Goodwill 5,280 5,280
Equity investments in unconsolidated subsidiaries 1,358 1,303
Other intangible assets, net of amortization 499 536
Nuclear decommissioning trusts, at fair value 2,109 2,036
Leveraged leases 653 788
Miscellaneous property and investments 403 391
Total other property and investments 10,302 10,334
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,791 1,800
Deferred charges related to income taxes 799 798
Unamortized loss on reacquired debt 285 300
Regulatory assets – asset retirement obligations, deferred 4,984 4,094
Other regulatory assets, deferred 6,502 6,805
Assets held for sale, deferred 0 601
Other deferred charges and assets 1,524 1,071
Total deferred charges and other assets 15,885 15,469
Total Assets 123,158 118,700
Current Liabilities:    
Securities due within one year 4,378 2,989
Notes payable 171 2,055
Energy marketing trade payables 361 442
Accounts payable —    
Accounts payable 1,924 2,115
Customer deposits 496 496
Accrued taxes —    
Accrued income taxes 75 0
Other accrued taxes 742 659
Accrued interest 421 474
Accrued compensation 843 992
Asset retirement obligations 640 504
Other regulatory liabilities 616 756
Liabilities held for sale 0 5
Operating lease obligations 235 229
Other current liabilities 848 830
Total current liabilities 11,750 12,546
Long-term Debt 45,581 41,798
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 8,342 7,888
Deferred credits related to income taxes 5,763 6,078
Accumulated deferred ITCs 2,251 2,291
Employee benefit obligations 1,753 1,814
Operating lease obligations, deferred 1,570 1,615
Asset retirement obligations, deferred 10,020 9,282
Accrued environmental remediation 220 234
Other cost of removal obligations 2,231 2,239
Other regulatory liabilities, deferred 315 256
Other deferred credits and liabilities 571 609
Total deferred credits and other liabilities 33,036 32,306
Total Liabilities 90,367 86,650
Redeemable Preferred Stock of Subsidiaries 291 291
Common Stockholder's Equity (See accompanying statements) 32,500 31,759
Total Liabilities and Stockholders' Equity 123,158 118,700
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 1,037 894
Receivables —    
Customer accounts receivable 499 425
Unbilled revenues 138 134
Affiliated 37 37
Other accounts and notes receivable 84 72
Accumulated provision for uncollectible accounts (32) (22)
Materials and supplies 562 512
Fossil fuel for generation 208 212
Prepaid expenses 71 50
Other regulatory assets 207 242
Other current assets 42 30
Total current assets 2,853 2,586
Property, Plant, and Equipment:    
In service 31,355 30,023
Less: Accumulated depreciation 9,920 9,540
Plant in service, net of depreciation 21,435 20,483
Nuclear fuel, at amortized cost 257 296
Construction work in progress 926 890
Total property, plant, and equipment 22,618 21,669
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 63 66
Nuclear decommissioning trusts, at fair value 1,039 1,023
Miscellaneous property and investments 130 128
Total other property and investments 1,232 1,217
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 162 132
Deferred charges related to income taxes 242 244
Deferred under recovered regulatory clause revenues 62 40
Regulatory assets – asset retirement obligations, deferred 1,475 1,019
Other regulatory assets, deferred 1,923 1,976
Other deferred charges and assets 402 269
Total deferred charges and other assets 4,266 3,680
Total Assets 30,969 29,152
Current Liabilities:    
Securities due within one year 496 251
Accounts payable —    
Affiliated 272 316
Other 353 514
Customer deposits 104 100
Accrued taxes —    
Accrued taxes 210 78
Accrued interest 83 92
Accrued compensation 172 216
Asset retirement obligations 251 195
Other regulatory liabilities 144 193
Other current liabilities 116 105
Total current liabilities 2,201 2,060
Long-term Debt 8,622 8,270
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,372 3,260
Deferred credits related to income taxes 1,917 1,960
Accumulated deferred ITCs 96 100
Employee benefit obligations 191 206
Operating lease obligations, deferred 121 107
Asset retirement obligations, deferred 3,707 3,345
Other cost of removal obligations 360 412
Other regulatory liabilities, deferred 137 146
Other deferred credits and liabilities 39 40
Total deferred credits and other liabilities 9,940 9,576
Total Liabilities 20,763 19,906
Redeemable Preferred Stock 291 291
Common Stockholder's Equity (See accompanying statements) 9,915 8,955
Total Liabilities and Stockholders' Equity 30,969 29,152
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 518 52
Receivables —    
Customer accounts receivable 715 533
Unbilled revenues 237 203
Joint owner accounts receivable 120 136
Affiliated 17 21
Other accounts and notes receivable 39 209
Accumulated provision for uncollectible accounts (29) (2)
Materials and supplies 572 501
Fossil fuel for generation 269 272
Regulatory assets – storm damage reserves 213 213
Regulatory assets – asset retirement obligations 209 254
Other regulatory assets 251 263
Other current assets 162 140
Total current assets 3,293 2,795
Property, Plant, and Equipment:    
In service 39,170 38,137
Less: Accumulated depreciation 12,139 11,753
Plant in service, net of depreciation 27,031 26,384
Nuclear fuel, at amortized cost 547 555
Construction work in progress 6,752 5,650
Total property, plant, and equipment 34,330 32,589
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 50 52
Nuclear decommissioning trusts, at fair value 1,070 1,013
Miscellaneous property and investments 67 64
Total other property and investments 1,187 1,129
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,345 1,428
Deferred charges related to income taxes 522 519
Regulatory assets – asset retirement obligations, deferred 3,307 2,865
Other regulatory assets, deferred 2,521 2,716
Other deferred charges and assets 541 500
Total deferred charges and other assets 8,236 8,028
Total Assets 47,046 44,541
Current Liabilities:    
Securities due within one year 531 1,025
Notes payable 0 365
Accounts payable —    
Affiliated 561 512
Other 731 711
Customer deposits 280 283
Accrued taxes —    
Accrued taxes 415 407
Accrued interest 100 118
Accrued compensation 198 233
Asset retirement obligations 351 265
Other regulatory liabilities 302 447
Operating lease obligations 151 144
Over recovered fuel clause revenues 84 0
Other current liabilities 201 187
Total current liabilities 3,905 4,697
Long-term Debt 12,314 10,791
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,296 3,257
Deferred credits related to income taxes 2,664 2,862
Accumulated deferred ITCs 272 255
Employee benefit obligations 486 540
Operating lease obligations, deferred 1,163 1,282
Asset retirement obligations, deferred 5,901 5,519
Other deferred credits and liabilities 339 273
Total deferred credits and other liabilities 14,121 13,988
Total Liabilities 30,340 29,476
Common Stockholder's Equity (See accompanying statements) 16,706 15,065
Total Liabilities and Stockholders' Equity 47,046 44,541
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 58 286
Receivables —    
Customer accounts receivable 46 35
Unbilled revenues 40 39
Affiliated 14 27
Other accounts and notes receivable 34 26
Materials and supplies 63 61
Fossil fuel for generation 19 26
Other regulatory assets 60 99
Other current assets 19 10
Total current assets 353 609
Property, Plant, and Equipment:    
In service 4,966 4,857
Less: Accumulated depreciation 1,553 1,463
Plant in service, net of depreciation 3,413 3,394
Construction work in progress 140 126
Total property, plant, and equipment 3,553 3,520
Other Property and Investments:    
Total other property and investments 149 131
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 32 32
Regulatory assets – asset retirement obligations, deferred 202 210
Other regulatory assets, deferred 357 360
Accumulated deferred income taxes 130 139
Other deferred charges and assets 72 34
Total deferred charges and other assets 793 775
Total Assets 4,848 5,035
Current Liabilities:    
Securities due within one year 0 281
Accounts payable —    
Affiliated 54 76
Other 50 75
Accrued taxes —    
Accrued taxes 120 105
Accrued interest 14 15
Accrued compensation 28 35
Asset retirement obligations 23 33
Other regulatory liabilities 56 21
Over recovered fuel clause revenues 31 29
Other current liabilities 42 64
Total current liabilities 418 734
Long-term Debt 1,402 1,308
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 422 424
Deferred credits related to income taxes 299 352
Employee benefit obligations 95 99
Asset retirement obligations, deferred 158 157
Other cost of removal obligations 195 189
Other regulatory liabilities, deferred 64 76
Other deferred credits and liabilities 35 44
Total deferred credits and other liabilities 1,268 1,341
Total Liabilities 3,088 3,383
Common Stockholder's Equity (See accompanying statements) 1,760 1,652
Total Liabilities and Stockholders' Equity 4,848 5,035
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 416 279
Receivables —    
Customer accounts receivable 135 107
Affiliated 41 30
Other accounts and notes receivable 37 73
Materials and supplies 204 191
Prepaid income taxes 33 36
Other current assets 37 43
Total current assets 903 759
Property, Plant, and Equipment:    
In service 13,600 13,270
Less: Accumulated depreciation 2,776 2,464
Plant in service, net of depreciation 10,824 10,806
Construction work in progress 335 515
Total property, plant, and equipment 11,159 11,321
Other Property and Investments:    
Intangible assets, net of amortization 307 322
Equity investments in unconsolidated subsidiaries 19 28
Miscellaneous property and investments 19 28
Total other property and investments 326 350
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 395 369
Prepaid LTSAs 160 128
Assets held for sale, deferred 0 601
Accumulated deferred income taxes 231 551
Income taxes receivable, non-current 13 5
Other deferred charges and assets 237 216
Total deferred charges and other assets 1,036 1,870
Total Assets 13,424 14,300
Current Liabilities:    
Securities due within one year 525 824
Notes payable 0 549
Accounts payable —    
Affiliated 49 56
Other 69 85
Accrued taxes —    
Accrued income taxes 9 0
Other accrued taxes 31 26
Accrued interest 26 32
Other current liabilities 104 132
Total current liabilities 813 1,704
Long-term Debt 3,630 3,574
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 117 115
Accumulated deferred ITCs 1,687 1,731
Operating lease obligations, deferred 404 376
Other deferred credits and liabilities 162 178
Total deferred credits and other liabilities 2,370 2,400
Total Liabilities 6,813 7,678
Common Stockholder's Equity (See accompanying statements) 6,611 6,622
Total Liabilities and Stockholders' Equity 13,424 14,300
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 157 46
Receivables —    
Customer accounts receivable 214 323
Energy marketing receivables 328 428
Unbilled revenues 60 183
Affiliated 3 5
Other accounts and notes receivable 42 114
Accumulated provision for uncollectible accounts (34) (18)
Natural gas for sale 448 479
Prepaid expenses 92 65
Assets from risk management activities, net of collateral 75 177
Other regulatory assets 110 92
Assets held for sale 0 171
Other current assets 43 41
Total current assets 1,538 2,106
Property, Plant, and Equipment:    
In service 17,202 16,344
Less: Accumulated depreciation 4,761 4,650
Plant in service, net of depreciation 12,441 11,694
Construction work in progress 655 613
Total property, plant, and equipment 13,096 12,307
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,301 1,251
Other intangible assets, net of amortization 55 70
Miscellaneous property and investments 20 20
Total other property and investments 6,391 6,356
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 85 93
Other regulatory assets, deferred 580 618
Other deferred charges and assets 242 207
Total deferred charges and other assets 907 918
Total Assets 21,932 21,687
Current Liabilities:    
Securities due within one year 334 0
Notes payable 150 650
Energy marketing trade payables 361 442
Accounts payable —    
Affiliated 46 41
Other 341 315
Customer deposits 94 96
Accrued taxes —    
Accrued taxes 78 71
Accrued interest 66 52
Accrued compensation 83 100
Liabilities from risk management activities, net of collateral 31 21
Other regulatory liabilities 112 94
Other current liabilities 128 128
Total current liabilities 1,824 2,010
Long-term Debt 6,127 5,845
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,213 1,219
Deferred credits related to income taxes 854 874
Employee benefit obligations 247 265
Operating lease obligations, deferred 70 78
Accrued environmental remediation 220 233
Other cost of removal obligations 1,642 1,606
Other deferred credits and liabilities 50 51
Total deferred credits and other liabilities 4,296 4,326
Total Liabilities 12,247 12,181
Common Stockholder's Equity (See accompanying statements) 9,685 9,506
Total Liabilities and Stockholders' Equity $ 21,932 $ 21,687