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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,078 $ 1,065
Receivables —    
Customer accounts 1,831 1,753
Energy marketing 0 516
Unbilled revenues 535 672
Other accounts and notes 611 512
Accumulated provision for uncollectible accounts (72) (118)
Materials and supplies 1,504 1,478
Fossil fuel for generation 386 550
Natural gas for sale 368 460
Prepaid expenses 329 276
Assets from risk management activities, net of collateral 365 147
Regulatory assets – asset retirement obligations 233 214
Natural gas cost under recovery 432 0
Other regulatory assets 792 810
Other current assets 282 282
Total current assets 9,674 8,617
Property, Plant, and Equipment:    
In service 114,166 110,516
Less: Accumulated depreciation 33,723 32,397
Plant in service, net of depreciation 80,443 78,119
Nuclear fuel, at amortized cost 805 818
Construction work in progress 9,611 8,697
Total property, plant, and equipment 90,859 87,634
Other Property and Investments:    
Goodwill 5,280 5,280
Nuclear decommissioning trusts, at fair value 2,446 2,303
Equity investments in unconsolidated subsidiaries 1,278 1,362
Other intangible assets, net of amortization 455 487
Leveraged leases 575 556
Miscellaneous property and investments 586 398
Total other property and investments 10,620 10,386
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,724 1,802
Deferred charges related to income taxes 815 796
Unamortized loss on reacquired debt 263 280
Regulatory assets – asset retirement obligations, deferred 5,418 4,934
Other regulatory assets, deferred 6,902 7,198
Other deferred charges and assets 1,586 1,288
Total deferred charges and other assets 16,708 16,298
Total Assets 127,861 122,935
Current Liabilities:    
Securities due within one year 3,286 3,507
Notes payable 707 609
Energy marketing trade payables 0 494
Accounts payable —    
Accounts payable 2,229 2,312
Customer deposits 493 487
Accrued taxes —    
Accrued income taxes 149 130
Other accrued taxes 797 699
Accrued interest 404 513
Accrued compensation 908 1,025
Asset retirement obligations 690 585
Operating lease obligations 246 241
Other regulatory liabilities 555 509
Other current liabilities 795 968
Total current liabilities 11,259 12,079
Long-term Debt 48,843 45,073
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 8,916 8,175
Deferred credits related to income taxes 5,485 5,767
Accumulated deferred ITCs 2,230 2,235
Employee benefit obligations 1,849 2,213
Operating lease obligations, deferred 1,495 1,611
Asset retirement obligations, deferred 10,919 10,099
Accrued environmental remediation 203 216
Other cost of removal obligations 2,164 2,211
Other regulatory liabilities, deferred 351 251
Other deferred credits and liabilities 637 480
Total deferred credits and other liabilities 34,249 33,258
Total Liabilities 94,351 90,410
Redeemable Preferred Stock of Subsidiaries 291 291
Common Stockholder's Equity (See accompanying statements) 33,219 32,234
Total Liabilities and Stockholders' Equity 127,861 122,935
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 670 530
Receivables —    
Customer accounts 497 429
Unbilled revenues 151 152
Affiliated 53 31
Other accounts and notes 101 66
Accumulated provision for uncollectible accounts (18) (43)
Materials and supplies 556 546
Fossil fuel for generation 144 235
Prepaid expenses 65 42
Other regulatory assets 289 226
Other current assets 107 33
Total current assets 2,615 2,247
Property, Plant, and Equipment:    
In service 32,787 31,816
Less: Accumulated depreciation 10,298 10,009
Plant in service, net of depreciation 22,489 21,807
Nuclear fuel, at amortized cost 241 270
Construction work in progress 1,129 866
Total property, plant, and equipment 23,859 22,943
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,259 1,157
Equity investments in unconsolidated subsidiaries 57 63
Miscellaneous property and investments 129 131
Total other property and investments 1,445 1,351
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 119 151
Deferred charges related to income taxes 238 235
Regulatory assets – asset retirement obligations, deferred 1,580 1,441
Other regulatory assets, deferred 2,100 2,162
Other deferred charges and assets 348 273
Total deferred charges and other assets 4,385 4,262
Total Assets 32,304 30,803
Current Liabilities:    
Securities due within one year 616 311
Accounts payable —    
Affiliated 299 316
Other 370 545
Customer deposits 106 104
Accrued taxes —    
Accrued taxes 331 152
Accrued interest 79 90
Accrued compensation 191 212
Asset retirement obligations 308 254
Other regulatory liabilities 72 108
Other current liabilities 122 107
Total current liabilities 2,494 2,199
Long-term Debt 8,443 8,558
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,425 3,273
Deferred credits related to income taxes 1,973 2,016
Accumulated deferred ITCs 89 94
Employee benefit obligations 136 214
Operating lease obligations, deferred 69 119
Asset retirement obligations, deferred 4,015 3,720
Other cost of removal obligations 261 335
Other regulatory liabilities, deferred 139 124
Other deferred credits and liabilities 66 50
Total deferred credits and other liabilities 10,173 9,945
Total Liabilities 21,110 20,702
Redeemable Preferred Stock 291 291
Common Stockholder's Equity (See accompanying statements) 10,903 9,810
Total Liabilities and Stockholders' Equity 32,304 30,803
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 292 9
Receivables —    
Customer accounts 689 621
Unbilled revenues 258 233
Joint owner accounts 106 123
Affiliated 41 21
Other accounts and notes 46 67
Accumulated provision for uncollectible accounts (2) (26)
Materials and supplies 647 592
Fossil fuel for generation 201 278
Regulatory assets – storm damage 102 213
Regulatory assets – asset retirement obligations 191 166
Other regulatory assets 243 248
Other current assets 255 143
Total current assets 3,069 2,688
Property, Plant, and Equipment:    
In service 40,831 39,682
Less: Accumulated depreciation 12,743 12,251
Plant in service, net of depreciation 28,088 27,431
Nuclear fuel, at amortized cost 564 548
Construction work in progress 7,337 6,857
Total property, plant, and equipment 35,989 34,836
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,187 1,145
Equity investments in unconsolidated subsidiaries 50 51
Miscellaneous property and investments 66 63
Total other property and investments 1,303 1,259
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,193 1,308
Deferred charges related to income taxes 544 527
Regulatory assets – asset retirement obligations, deferred 3,607 3,291
Other regulatory assets, deferred 2,515 2,692
Other deferred charges and assets 712 479
Total deferred charges and other assets 8,571 8,297
Total Assets 48,932 47,080
Current Liabilities:    
Securities due within one year 672 542
Notes payable 0 60
Accounts payable —    
Affiliated 719 597
Other 761 753
Customer deposits 263 276
Accrued taxes —    
Accrued taxes 457 407
Accrued interest 98 130
Accrued compensation 207 233
Asset retirement obligations 333 287
Operating lease obligations 153 151
Other regulatory liabilities 360 228
Over recovered fuel clause revenues 0 113
Other current liabilities 198 254
Total current liabilities 4,221 4,031
Long-term Debt 13,064 12,428
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,222 3,272
Deferred credits related to income taxes 2,386 2,588
Accumulated deferred ITCs 321 273
Employee benefit obligations 461 586
Operating lease obligations, deferred 1,008 1,156
Asset retirement obligations, deferred 6,432 5,978
Other deferred credits and liabilities 456 267
Total deferred credits and other liabilities 14,286 14,120
Total Liabilities 31,571 30,579
Common Stockholder's Equity (See accompanying statements) 17,361 16,501
Total Liabilities and Stockholders' Equity 48,932 47,080
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 146 39
Receivables —    
Customer accounts 46 34
Unbilled revenues 39 38
Affiliated 45 32
Other accounts and notes 27 32
Materials and supplies 71 65
Fossil fuel for generation 27 24
Assets from risk management activities, net of collateral 66 1
Other regulatory assets 54 60
Other current assets 11 19
Total current assets 532 344
Property, Plant, and Equipment:    
In service 5,078 5,011
Less: Accumulated depreciation 1,568 1,545
Plant in service, net of depreciation 3,510 3,466
Construction work in progress 117 146
Total property, plant, and equipment 3,627 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 231 201
Other regulatory assets, deferred 371 388
Accumulated deferred income taxes 119 129
Other deferred charges and assets 100 55
Total deferred charges and other assets 852 805
Total Assets 5,191 4,912
Current Liabilities:    
Securities due within one year 76 406
Notes payable 0 25
Accounts payable —    
Affiliated 88 63
Other 61 109
Accrued taxes —    
Accrued taxes 94 114
Accrued interest 7 15
Accrued compensation 31 34
Asset retirement obligations 19 27
Other regulatory liabilities 104 49
Over recovered fuel clause revenues 7 34
Other current liabilities 50 40
Total current liabilities 537 916
Long-term Debt 1,509 1,013
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 464 447
Deferred credits related to income taxes 276 287
Employee benefit obligations 94 113
Asset retirement obligations, deferred 175 150
Other cost of removal obligations 194 194
Other regulatory liabilities, deferred 48 15
Other deferred credits and liabilities 31 35
Total deferred credits and other liabilities 1,282 1,241
Total Liabilities 3,328 3,170
Common Stockholder's Equity (See accompanying statements) 1,863 1,742
Total Liabilities and Stockholders' Equity 5,191 4,912
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 192 182
Receivables —    
Customer accounts 178 125
Affiliated 68 37
Other accounts and notes 53 27
Materials and supplies 103 157
Prepaid income taxes 15 11
Other current assets 56 36
Total current assets 665 575
Property, Plant, and Equipment:    
In service 14,399 13,904
Less: Accumulated depreciation 3,122 2,842
Plant in service, net of depreciation 11,277 11,062
Construction work in progress 274 127
Total property, plant, and equipment 11,551 11,189
Other Property and Investments:    
Intangible assets, net of amortization 288 302
Equity investments in unconsolidated subsidiaries 83 19
Net investment in sales-type lease 91 0
Total other property and investments 462 321
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 475 415
Prepaid LTSAs 191 155
Accumulated deferred income taxes 0 262
Income taxes receivable, non-current 33 25
Other deferred charges and assets 234 293
Total deferred charges and other assets 933 1,150
Total Assets 13,611 13,235
Current Liabilities:    
Securities due within one year 994 299
Notes payable 27 175
Accounts payable —    
Affiliated 110 65
Other 91 92
Accrued taxes —    
Accrued income taxes 8 8
Other accrued taxes 27 22
Accrued interest 26 32
Other current liabilities 125 132
Total current liabilities 1,408 825
Long-term Debt 3,021 3,393
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 156 123
Accumulated deferred ITCs 1,629 1,672
Operating lease obligations, deferred 489 426
Other deferred credits and liabilities 201 165
Total deferred credits and other liabilities 2,475 2,386
Total Liabilities 6,904 6,604
Common Stockholder's Equity (See accompanying statements) 6,707 6,631
Total Liabilities and Stockholders' Equity 13,611 13,235
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 29 17
Receivables —    
Customer accounts 249 353
Energy marketing 0 516
Unbilled revenues 70 219
Affiliated 1 4
Other accounts and notes 39 51
Accumulated provision for uncollectible accounts (37) (40)
Natural gas for sale 368 460
Prepaid expenses 181 48
Assets from risk management activities, net of collateral 75 118
Natural gas cost under recovery 432 0
Other regulatory assets 137 102
Other current assets 44 38
Total current assets 1,588 1,886
Property, Plant, and Equipment:    
In service 18,527 17,611
Less: Accumulated depreciation 5,004 4,821
Plant in service, net of depreciation 13,523 12,790
Construction work in progress 691 648
Total property, plant, and equipment 14,214 13,438
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,174 1,290
Other intangible assets, net of amortization 40 51
Miscellaneous property and investments 20 19
Total other property and investments 6,249 6,375
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 72 81
Other regulatory assets, deferred 634 615
Other deferred charges and assets 201 235
Total deferred charges and other assets 907 931
Total Assets 22,958 22,630
Current Liabilities:    
Securities due within one year 47 333
Notes payable 662 324
Energy marketing trade payables 0 494
Accounts payable —    
Affiliated 42 56
Other 399 373
Customer deposits 106 90
Accrued taxes —    
Accrued taxes 79 83
Accrued interest 68 58
Accrued compensation 87 106
Other regulatory liabilities 18 122
Temporary LIFO liquidation 18 0
Other current liabilities 154 150
Total current liabilities 1,680 2,189
Long-term Debt 6,766 6,293
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,571 1,265
Deferred credits related to income taxes 822 847
Employee benefit obligations 260 283
Operating lease obligations, deferred 60 67
Accrued environmental remediation 203 216
Other cost of removal obligations 1,675 1,649
Other deferred credits and liabilities 45 54
Total deferred credits and other liabilities 4,636 4,381
Total Liabilities 13,082 12,863
Common Stockholder's Equity (See accompanying statements) 9,876 9,767
Total Liabilities and Stockholders' Equity $ 22,958 $ 22,630