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Consolidated Balance Sheets - SPC - 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
Other accounts and notes 523 512
Materials and supplies 1,543 1,478
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:    
Equity investments in unconsolidated subsidiaries 1,282 1,362
Total other property and investments 10,202 10,386
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,701 1,802
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
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
Accumulated deferred ITCs 2,216 2,235
Operating lease obligations, deferred 1,503 1,611
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
Noncontrolling Interests 4,402 4,262
Total Stockholders' Equity (See accompanying statements) 32,276 32,234
Total Liabilities and Stockholders' Equity 127,534 122,935
Commitments and Contingent Matters (See notes)
Southern Power    
Current Assets:    
Cash and cash equivalents 107 182
Receivables —    
Customer accounts 139 125
Affiliated 51 37
Other accounts and notes 29 27
Materials and supplies 106 157
Prepaid income taxes 27 11
Other current assets 46 36
Total current assets 505 575
Property, Plant, and Equipment:    
In service 14,585 13,904
Less: Accumulated depreciation 3,241 2,842
Plant in service, net of depreciation 11,344 11,062
Construction work in progress 45 127
Total property, plant, and equipment 11,389 11,189
Other Property and Investments:    
Intangible assets, net of amortization of $109 and $89, respectively 282 302
Equity investments in unconsolidated subsidiaries 86 19
Net investment in sales-type leases 161 0
Total other property and investments 529 321
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 479 415
Prepaid LTSAs 210 155
Accumulated deferred income taxes 0 262
Income taxes receivable, non-current 20 25
Other deferred charges and assets 258 293
Total deferred charges and other assets 967 1,150
Total Assets 13,390 13,235
Current Liabilities:    
Securities due within one year 679 299
Notes payable 211 175
Accounts payable —    
Affiliated 92 65
Other 85 92
Accrued taxes 14 30
Accrued interest 32 32
Other current liabilities 140 132
Total current liabilities 1,253 825
Long-Term Debt 3,009 3,393
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 215 123
Accumulated deferred ITCs 1,614 1,672
Operating lease obligations, deferred 497 426
Other deferred credits and liabilities 204 165
Total deferred credits and other liabilities 2,530 2,386
Total Liabilities 6,792 6,604
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 638 914
Retained earnings (accumulated deficit) 1,585 1,522
Accumulated other comprehensive loss (27) (67)
Total common stockholders' equity 2,196 2,369
Noncontrolling Interests 4,402 4,262
Total Stockholders' Equity (See accompanying statements) 6,598 6,631
Total Liabilities and Stockholders' Equity 13,390 13,235
Commitments and Contingent Matters (See notes)