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Balance Sheets - MPC - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,798 $ 1,065
Receivables —    
Customer accounts 1,806 1,753
Unbilled revenues 711 672
Other accounts and notes 523 512
Fossil fuel for generation 450 550
Materials and supplies 1,543 1,478
Other regulatory assets 653 810
Other current assets 231 282
Total current assets 8,965 8,617
Property, Plant, and Equipment:    
In service 115,592 110,516
Less: Accumulated depreciation 34,079 32,397
Plant in service, net of depreciation 81,513 78,119
Construction work in progress 8,771 8,697
Total property, plant, and equipment 91,108 87,634
Other Property and Investments:    
Total other property and investments 10,202 10,386
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 824 796
Regulatory assets – asset retirement obligations, deferred 5,466 4,934
Other regulatory assets, deferred 5,577 7,198
Other deferred charges and assets 1,776 1,288
Total deferred charges and other assets 17,259 16,298
Total Assets 127,534 122,935
Current Liabilities:    
Securities due within one year 2,157 3,507
Notes payable 1,440 609
Accounts payable —    
Accrued interest 533 513
Accrued compensation 1,070 1,025
Asset retirement obligations 697 585
Other regulatory liabilities 563 509
Other current liabilities 872 968
Total current liabilities 10,921 12,079
Long-Term Debt 50,120 45,073
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 8,862 8,175
Deferred credits related to income taxes 5,401 5,767
Employee benefit obligations 1,550 2,213
Asset retirement obligations, deferred 10,990 10,099
Other cost of removal obligations 2,103 2,211
Other regulatory liabilities, deferred 485 251
Other deferred credits and liabilities 816 696
Total deferred credits and other liabilities 33,926 33,258
Total Liabilities 94,967 90,410
Common Stockholders' Equity:    
Common stock 5,279 5,268
Paid-in capital 11,950 11,834
Retained earnings (accumulated deficit) 10,929 11,311
Accumulated other comprehensive loss (237) (395)
Total common stockholders' equity 27,874 27,972
Total Liabilities and Stockholders' Equity 127,534 122,935
Commitments and Contingent Matters (See notes)
Mississippi Power    
Current Assets:    
Cash and cash equivalents 61 39
Receivables —    
Customer accounts 37 34
Unbilled revenues 34 38
Affiliated 29 32
Other accounts and notes 28 32
Fossil fuel for generation 28 24
Materials and supplies 70 65
Other regulatory assets 54 60
Other current assets 41 20
Total current assets 382 344
Property, Plant, and Equipment:    
In service 5,106 5,011
Less: Accumulated depreciation 1,591 1,545
Plant in service, net of depreciation 3,515 3,466
Construction work in progress 127 146
Total property, plant, and equipment 3,642 3,612
Other Property and Investments:    
Total other property and investments 179 151
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 31 32
Prepaid pension costs 79 0
Regulatory assets – asset retirement obligations, deferred 232 201
Other regulatory assets, deferred 317 388
Accumulated deferred income taxes 118 129
Other deferred charges and assets 100 55
Total deferred charges and other assets 877 805
Total Assets 5,080 4,912
Current Liabilities:    
Securities due within one year 1 406
Notes payable 0 25
Accounts payable —    
Affiliated 81 63
Other 47 109
Accrued taxes 120 114
Accrued interest 16 15
Accrued compensation 36 34
Asset retirement obligations 30 27
Over recovered regulatory clause liabilities 0 34
Other regulatory liabilities 59 49
Other current liabilities 49 40
Total current liabilities 439 916
Long-Term Debt 1,510 1,013
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 464 447
Deferred credits related to income taxes 269 287
Employee benefit obligations 88 113
Asset retirement obligations, deferred 160 150
Other cost of removal obligations 195 194
Other regulatory liabilities, deferred 64 15
Other deferred credits and liabilities 24 35
Total deferred credits and other liabilities 1,264 1,241
Total Liabilities 3,213 3,170
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 4,582 4,460
Retained earnings (accumulated deficit) (2,753) (2,754)
Accumulated other comprehensive loss 0 (2)
Total common stockholders' equity 1,867 1,742
Total Liabilities and Stockholders' Equity 5,080 4,912
Commitments and Contingent Matters (See notes)