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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,582 $ 1,065
Receivables —    
Customer accounts 1,683 1,753
Energy marketing 0 516
Unbilled revenues 643 672
Other accounts and notes 488 512
Accumulated provision for uncollectible accounts (88) (118)
Materials and supplies 1,469 1,478
Fossil fuel for generation 475 550
Natural gas for sale 178 460
Prepaid expenses 538 276
Assets from risk management activities, net of collateral 175 147
Regulatory assets – asset retirement obligations 224 214
Natural gas cost under recovery 485 0
Assets held for sale 787 60
Other regulatory assets 728 810
Other current assets 184 222
Total current assets 9,551 8,617
Property, Plant, and Equipment:    
In service 112,783 110,516
Less: Accumulated depreciation 33,240 32,397
Plant in service, net of depreciation 79,543 78,119
Nuclear fuel, at amortized cost 816 818
Construction work in progress 9,264 8,697
Total property, plant, and equipment 89,623 87,634
Other Property and Investments:    
Goodwill 5,280 5,280
Nuclear decommissioning trusts, at fair value 2,457 2,303
Equity investments in unconsolidated subsidiaries 1,287 1,362
Other intangible assets, net of amortization 466 487
Leveraged leases 569 556
Miscellaneous property and investments 494 398
Total other property and investments 10,553 10,386
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,775 1,802
Deferred charges related to income taxes 806 796
Unamortized loss on reacquired debt 269 280
Regulatory assets – asset retirement obligations, deferred 4,931 4,934
Other regulatory assets, deferred 7,092 7,198
Other deferred charges and assets 1,307 1,288
Total deferred charges and other assets 16,180 16,298
Total Assets 125,907 122,935
Current Liabilities:    
Securities due within one year 2,829 3,507
Notes payable 1,402 609
Energy marketing trade payables 0 494
Accounts payable —    
Accounts payable 2,075 2,312
Customer deposits 467 487
Accrued taxes —    
Accrued income taxes 40 130
Other accrued taxes 589 699
Accrued interest 510 513
Accrued compensation 770 1,025
Asset retirement obligations 684 585
Liabilities held for sale 677 0
Operating lease obligations 245 241
Other regulatory liabilities 416 509
Other current liabilities 956 968
Total current liabilities 11,660 12,079
Long-term Debt 47,828 45,073
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 8,710 8,175
Deferred credits related to income taxes 5,593 5,767
Accumulated deferred ITCs 2,247 2,235
Employee benefit obligations 2,004 2,213
Operating lease obligations, deferred 1,604 1,611
Asset retirement obligations, deferred 9,983 10,099
Accrued environmental remediation 208 216
Other cost of removal obligations 2,190 2,211
Other regulatory liabilities, deferred 256 251
Other deferred credits and liabilities 587 480
Total deferred credits and other liabilities 33,382 33,258
Total Liabilities 92,870 90,410
Redeemable Preferred Stock of Subsidiaries 291 291
Common Stockholder's Equity (See accompanying statements) 32,746 32,234
Total Liabilities and Stockholders' Equity 125,907 122,935
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 727 530
Receivables —    
Customer accounts 402 429
Unbilled revenues 180 152
Affiliated 40 31
Other accounts and notes 80 66
Accumulated provision for uncollectible accounts (25) (43)
Materials and supplies 550 546
Fossil fuel for generation 214 235
Prepaid expenses 94 42
Other regulatory assets 221 226
Other current assets 88 33
Total current assets 2,571 2,247
Property, Plant, and Equipment:    
In service 32,390 31,816
Less: Accumulated depreciation 10,229 10,009
Plant in service, net of depreciation 22,161 21,807
Nuclear fuel, at amortized cost 254 270
Construction work in progress 978 866
Total property, plant, and equipment 23,393 22,943
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,251 1,157
Equity investments in unconsolidated subsidiaries 64 63
Miscellaneous property and investments 127 131
Total other property and investments 1,442 1,351
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 130 151
Deferred charges related to income taxes 237 235
Regulatory assets – asset retirement obligations, deferred 1,437 1,441
Other regulatory assets, deferred 2,168 2,162
Other deferred charges and assets 313 273
Total deferred charges and other assets 4,285 4,262
Total Assets 31,691 30,803
Current Liabilities:    
Securities due within one year 616 311
Accounts payable —    
Affiliated 290 316
Other 378 545
Customer deposits 106 104
Accrued taxes —    
Accrued taxes 173 152
Accrued interest 93 90
Accrued compensation 176 212
Asset retirement obligations 296 254
Other regulatory liabilities 37 108
Other current liabilities 119 107
Total current liabilities 2,284 2,199
Long-term Debt 8,649 8,558
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,390 3,273
Deferred credits related to income taxes 1,988 2,016
Accumulated deferred ITCs 91 94
Employee benefit obligations 173 214
Operating lease obligations, deferred 100 119
Asset retirement obligations, deferred 3,651 3,720
Other cost of removal obligations 291 335
Other regulatory liabilities, deferred 93 124
Other deferred credits and liabilities 53 50
Total deferred credits and other liabilities 9,830 9,945
Total Liabilities 20,763 20,702
Redeemable Preferred Stock 291 291
Common Stockholder's Equity (See accompanying statements) 10,637 9,810
Total Liabilities and Stockholders' Equity 31,691 30,803
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 49 9
Receivables —    
Customer accounts 601 621
Unbilled revenues 334 233
Joint owner accounts 98 123
Affiliated 27 21
Other accounts and notes 40 67
Accumulated provision for uncollectible accounts (3) (26)
Materials and supplies 631 592
Fossil fuel for generation 223 278
Regulatory assets – storm damage 150 213
Regulatory assets – asset retirement obligations 183 166
Other regulatory assets 240 248
Other current assets 140 143
Total current assets 2,713 2,688
Property, Plant, and Equipment:    
In service 40,408 39,682
Less: Accumulated depreciation 12,540 12,251
Plant in service, net of depreciation 27,868 27,431
Nuclear fuel, at amortized cost 562 548
Construction work in progress 7,062 6,857
Total property, plant, and equipment 35,492 34,836
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,207 1,145
Equity investments in unconsolidated subsidiaries 51 51
Miscellaneous property and investments 66 63
Total other property and investments 1,324 1,259
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,236 1,308
Deferred charges related to income taxes 535 527
Regulatory assets – asset retirement obligations, deferred 3,281 3,291
Other regulatory assets, deferred 2,550 2,692
Other deferred charges and assets 494 479
Total deferred charges and other assets 8,096 8,297
Total Assets 47,625 47,080
Current Liabilities:    
Securities due within one year 627 542
Notes payable 310 60
Accounts payable —    
Affiliated 587 597
Other 755 753
Customer deposits 268 276
Accrued taxes —    
Accrued taxes 322 407
Accrued interest 138 130
Accrued compensation 164 233
Asset retirement obligations 321 287
Operating lease obligations 152 151
Other regulatory liabilities 277 228
Over recovered fuel clause revenues 0 113
Other current liabilities 230 254
Total current liabilities 4,151 4,031
Long-term Debt 13,023 12,428
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,138 3,272
Deferred credits related to income taxes 2,463 2,588
Accumulated deferred ITCs 322 273
Employee benefit obligations 518 586
Operating lease obligations, deferred 1,111 1,156
Asset retirement obligations, deferred 5,962 5,978
Other deferred credits and liabilities 391 267
Total deferred credits and other liabilities 13,905 14,120
Total Liabilities 31,079 30,579
Common Stockholder's Equity (See accompanying statements) 16,546 16,501
Total Liabilities and Stockholders' Equity 47,625 47,080
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 478 39
Receivables —    
Customer accounts 38 34
Unbilled revenues 42 38
Affiliated 26 32
Other accounts and notes 30 32
Materials and supplies 68 65
Fossil fuel for generation 25 24
Other regulatory assets 53 60
Other current assets 41 20
Total current assets 801 344
Property, Plant, and Equipment:    
In service 5,053 5,011
Less: Accumulated depreciation 1,556 1,545
Plant in service, net of depreciation 3,497 3,466
Construction work in progress 126 146
Total property, plant, and equipment 3,623 3,612
Other Property and Investments:    
Total other property and investments 180 151
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 31 32
Regulatory assets – asset retirement obligations, deferred 213 201
Other regulatory assets, deferred 375 388
Accumulated deferred income taxes 123 129
Other deferred charges and assets 66 55
Total deferred charges and other assets 808 805
Total Assets 5,412 4,912
Current Liabilities:    
Securities due within one year 421 406
Notes payable 0 25
Accounts payable —    
Affiliated 71 63
Other 66 109
Accrued taxes —    
Accrued taxes 63 114
Accrued interest 15 15
Accrued compensation 24 34
Asset retirement obligations 36 27
Other regulatory liabilities 62 49
Over recovered fuel clause revenues 12 34
Other current liabilities 51 40
Total current liabilities 821 916
Long-term Debt 1,512 1,013
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 460 447
Deferred credits related to income taxes 283 287
Employee benefit obligations 102 113
Asset retirement obligations, deferred 135 150
Other cost of removal obligations 193 194
Other regulatory liabilities, deferred 26 15
Other deferred credits and liabilities 31 35
Total deferred credits and other liabilities 1,230 1,241
Total Liabilities 3,563 3,170
Common Stockholder's Equity (See accompanying statements) 1,849 1,742
Total Liabilities and Stockholders' Equity 5,412 4,912
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 165 182
Receivables —    
Customer accounts 168 125
Affiliated 52 37
Other accounts and notes 48 27
Materials and supplies 101 157
Prepaid income taxes 153 11
Other current assets 56 36
Total current assets 743 575
Property, Plant, and Equipment:    
In service 14,372 13,904
Less: Accumulated depreciation 2,991 2,842
Plant in service, net of depreciation 11,381 11,062
Construction work in progress 250 127
Total property, plant, and equipment 11,631 11,189
Other Property and Investments:    
Intangible assets, net of amortization 292 302
Equity investments in unconsolidated subsidiaries 84 19
Miscellaneous property and investments 84 19
Total other property and investments 376 321
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 476 415
Prepaid LTSAs 179 155
Accumulated deferred income taxes 0 262
Income taxes receivable, non-current 31 25
Other deferred charges and assets 272 293
Total deferred charges and other assets 958 1,150
Total Assets 13,708 13,235
Current Liabilities:    
Securities due within one year 1,012 299
Notes payable 119 175
Accounts payable —    
Affiliated 75 65
Other 90 92
Accrued taxes —    
Accrued income taxes 7 8
Other accrued taxes 20 22
Accrued interest 24 32
Other current liabilities 116 132
Total current liabilities 1,463 825
Long-term Debt 3,036 3,393
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 221 123
Accumulated deferred ITCs 1,643 1,672
Operating lease obligations, deferred 488 426
Other deferred credits and liabilities 167 165
Total deferred credits and other liabilities 2,519 2,386
Total Liabilities 7,018 6,604
Common Stockholder's Equity (See accompanying statements) 6,690 6,631
Total Liabilities and Stockholders' Equity 13,708 13,235
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 37 17
Receivables —    
Customer accounts 283 353
Energy marketing 0 516
Unbilled revenues 74 219
Affiliated 3 4
Other accounts and notes 31 51
Accumulated provision for uncollectible accounts (45) (40)
Natural gas for sale 178 460
Prepaid expenses 162 48
Assets from risk management activities, net of collateral 22 118
Natural gas cost under recovery 485 0
Assets held for sale 736 0
Other regulatory assets 97 102
Other current assets 40 38
Total current assets 2,103 1,886
Property, Plant, and Equipment:    
In service 18,051 17,611
Less: Accumulated depreciation 4,942 4,821
Plant in service, net of depreciation 13,109 12,790
Construction work in progress 790 648
Total property, plant, and equipment 13,899 13,438
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,189 1,290
Other intangible assets, net of amortization 44 51
Miscellaneous property and investments 19 19
Total other property and investments 6,267 6,375
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 72 81
Other regulatory assets, deferred 697 615
Other deferred charges and assets 197 235
Total deferred charges and other assets 966 931
Total Assets 23,235 22,630
Current Liabilities:    
Securities due within one year 48 333
Notes payable 834 324
Energy marketing trade payables 0 494
Accounts payable —    
Affiliated 50 56
Other 311 373
Customer deposits 75 90
Accrued taxes —    
Accrued taxes 79 83
Accrued interest 55 58
Accrued compensation 105 106
Liabilities held for sale 677 0
Other regulatory liabilities 39 122
Temporary LIFO liquidation 182 0
Other current liabilities 125 150
Total current liabilities 2,580 2,189
Long-term Debt 6,234 6,293
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,413 1,265
Deferred credits related to income taxes 831 847
Employee benefit obligations 267 283
Operating lease obligations, deferred 59 67
Accrued environmental remediation 208 216
Other cost of removal obligations 1,673 1,649
Other deferred credits and liabilities 41 54
Total deferred credits and other liabilities 4,492 4,381
Total Liabilities 13,306 12,863
Common Stockholder's Equity (See accompanying statements) 9,929 9,767
Total Liabilities and Stockholders' Equity $ 23,235 $ 22,630