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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues:        
Operating revenues $ 6,238 $ 5,620 $ 17,346 $ 15,258
Operating Expenses:        
Other operations and maintenance 1,446 1,286 4,257 3,785
Depreciation and amortization 896 889 2,658 2,619
Taxes other than income taxes 312 304 969 932
Estimated loss on Plant Vogtle Units 3 and 4 264 0 772 149
(Gain) loss on dispositions, net (125) 0 (179) (39)
Total operating expenses 4,515 3,785 13,317 11,102
Operating Income 1,723 1,835 4,029 4,156
Other Income and (Expense):        
Allowance for equity funds used during construction 49 38 140 106
Earnings from equity method investments 30 33 35 105
Interest expense, net of amounts capitalized (451) (443) (1,352) (1,343)
Impairment of leveraged leases 0 0 (7) (154)
Other income (expense), net 131 113 297 319
Total other income and (expense) (241) (259) (887) (967)
Earnings Before Income Taxes 1,482 1,576 3,142 3,189
Income taxes (benefit) 372 293 550 443
Consolidated Net Income 1,110 1,283 2,592 2,746
Dividends on preferred stock of subsidiaries 4 4 11 11
Net income (loss) attributable to noncontrolling interests 5 28 (27) 3
Net Income $ 1,101 $ 1,251 $ 2,608 $ 2,732
Earnings per share -        
Basic (in dollars per share) $ 1.04 $ 1.18 $ 2.46 $ 2.58
Diluted (in dollars per share) $ 1.03 $ 1.18 $ 2.44 $ 2.57
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 1,061 1,058 1,060 1,058
Diluted (in shares) 1,068 1,064 1,067 1,064
Retail electric revenues        
Operating Revenues:        
Operating revenues $ 4,551 $ 4,243 $ 11,492 $ 10,503
Wholesale electric revenues        
Operating Revenues:        
Operating revenues 731 584 1,822 1,473
Other electric revenues        
Operating Revenues:        
Operating revenues 179 164 525 484
Natural gas        
Operating Revenues:        
Operating revenues 623 477 2,994 2,362
Operating Expenses:        
Total cost of sales 129 71 943 654
Other        
Operating Revenues:        
Operating revenues 154 152 513 436
Operating Expenses:        
Total cost of sales 71 72 255 201
Fuel        
Operating Expenses:        
Total cost of sales 1,234 933 2,930 2,190
Purchased power        
Operating Expenses:        
Total cost of sales 288 230 712 611
Alternative revenue programs        
Operating Revenues:        
Operating revenues (1) (1) 3 6
ALABAMA POWER CO        
Operating Revenues:        
Operating revenues 1,904 1,729 5,019 4,445
Operating Expenses:        
Other operations and maintenance 401 387 1,175 1,078
Depreciation and amortization 214 205 640 606
Taxes other than income taxes 99 103 303 311
Total operating expenses 1,208 1,109 3,332 2,962
Operating Income 696 620 1,687 1,483
Other Income and (Expense):        
Allowance for equity funds used during construction 14 12 38 34
Interest expense, net of amounts capitalized (84) (84) (252) (255)
Other income (expense), net 29 30 93 78
Total other income and (expense) (41) (42) (121) (143)
Earnings Before Income Taxes 655 578 1,566 1,340
Income taxes (benefit) 152 130 366 307
Consolidated Net Income 503 448 1,200 1,033
Dividends on preferred stock of subsidiaries 4 4 11 11
Net Income 499 444 1,189 1,022
ALABAMA POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 1,651 1,575 4,357 4,003
ALABAMA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 107 73 285 184
ALABAMA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 53 11 109 36
ALABAMA POWER CO | Other        
Operating Revenues:        
Operating revenues 93 70 268 222
ALABAMA POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 373 306 927 721
ALABAMA POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 76 64 173 153
ALABAMA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales 45 44 114 93
GEORGIA POWER CO        
Operating Revenues:        
Operating revenues 2,856 2,617 7,050 6,371
Operating Expenses:        
Other operations and maintenance 544 483 1,558 1,411
Depreciation and amortization 345 358 1,025 1,064
Taxes other than income taxes 130 123 365 344
Estimated loss on Plant Vogtle Units 3 and 4 264 0 772 149
Total operating expenses 2,176 1,620 5,842 4,596
Operating Income 680 997 1,208 1,775
Other Income and (Expense):        
Allowance for equity funds used during construction 33 22 94 63
Interest expense, net of amounts capitalized (106) (106) (315) (322)
Other income (expense), net 42 32 124 93
Total other income and (expense) (31) (52) (97) (166)
Earnings Before Income Taxes 649 945 1,111 1,609
Income taxes (benefit) 113 172 81 198
Consolidated Net Income 536 773 1,030 1,411
GEORGIA POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 2,652 2,435 6,465 5,870
GEORGIA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 63 34 143 85
GEORGIA POWER CO | Other        
Operating Revenues:        
Operating revenues 141 148 442 416
GEORGIA POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 432 368 1,088 826
GEORGIA POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 173 146 461 409
GEORGIA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales 288 142 573 393
MISSISSIPPI POWER CO        
Operating Revenues:        
Operating revenues 378 336 988 895
Operating Expenses:        
Other operations and maintenance 85 62 230 202
Depreciation and amortization 46 47 138 135
Taxes other than income taxes 33 31 96 90
Total operating expenses 309 249 815 711
Operating Income 69 87 173 184
Other Income and (Expense):        
Interest expense, net of amounts capitalized (16) (14) (45) (45)
Other income (expense), net 7 6 27 19
Total other income and (expense) (9) (8) (18) (26)
Earnings Before Income Taxes 60 79 155 158
Income taxes (benefit) 10 12 22 20
Consolidated Net Income 50 67 133 138
MISSISSIPPI POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 248 232 670 630
MISSISSIPPI POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 60 61 178 164
MISSISSIPPI POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 62 36 120 82
MISSISSIPPI POWER CO | Other        
Operating Revenues:        
Operating revenues 8 7 20 19
MISSISSIPPI POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 139 103 330 266
MISSISSIPPI POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 6 6 21 18
SOUTHERN POWER CO        
Operating Revenues:        
Operating revenues 679 523 1,610 1,337
Operating Expenses:        
Other operations and maintenance 94 89 308 245
Depreciation and amortization 132 129 383 367
Taxes other than income taxes 12 10 35 29
Loss on sales-type lease 15 0 15 0
(Gain) loss on dispositions, net 0 0 (39) (39)
Total operating expenses 553 384 1,328 1,000
Operating Income 126 139 282 337
Other Income and (Expense):        
Interest expense, net of amounts capitalized (36) (36) (111) (114)
Other income (expense), net 2 13 10 19
Total other income and (expense) (34) (23) (101) (95)
Earnings Before Income Taxes 92 116 181 242
Income taxes (benefit) 9 14 (3) 27
Consolidated Net Income 83 102 184 215
Net income (loss) attributable to noncontrolling interests 5 28 (27) 3
Net Income 78 74 211 212
SOUTHERN POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 503 418 1,231 1,047
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 167 101 361 279
SOUTHERN POWER CO | Other        
Operating Revenues:        
Operating revenues 9 4 18 11
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 259 137 540 346
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 41 19 86 52
SOUTHERN Co GAS        
Operating Revenues:        
Operating revenues $ 623 $ 477 $ 2,994 $ 2,362
Operating Expenses:        
Cost, Product and Service [Extensible Enumeration] Natural gas Natural gas Natural gas Natural gas
Other operations and maintenance $ 238 $ 217 $ 776 $ 694
Depreciation and amortization 133 125 396 368
Taxes other than income taxes 36 35 166 154
(Gain) loss on dispositions, net (121) 0 (127) 2
Total operating expenses 415 448 2,154 1,872
Operating Income 208 29 840 490
Other Income and (Expense):        
Earnings from equity method investments 25 33 14 106
Interest expense, net of amounts capitalized (57) (57) (175) (171)
Other income (expense), net 13 12 (66) 33
Total other income and (expense) (19) (12) (227) (32)
Earnings Before Income Taxes 189 17 613 458
Income taxes (benefit) 133 3 224 98
Consolidated Net Income 56 14 389 360
SOUTHERN Co GAS | Natural gas        
Operating Revenues:        
Operating revenues 624 478 2,991 2,356
Operating Expenses:        
Total cost of sales 129 71 943 654
SOUTHERN Co GAS | Alternative revenue programs        
Operating Revenues:        
Operating revenues $ (1) $ (1) $ 3 $ 6