XML 118 R74.htm IDEA: XBRL DOCUMENT v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
The following table disaggregates revenue from contracts with customers for the periods presented:
Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas
(in millions)
2021
Operating revenues
Retail electric revenues
Residential$6,207 $2,467 $3,471 $269 $ $ 
Commercial4,877 1,600 3,010 267   
Industrial3,067 1,386 1,391 290   
Other93 17 68 8   
Total retail electric revenues14,244 5,470 7,940 834   
Natural gas distribution revenues
Residential1,799     1,799 
Commercial470     470 
Transportation1,038     1,038 
Industrial 49     49 
Other269     269 
Total natural gas distribution revenues3,625     3,625 
Wholesale electric revenues
PPA energy revenues1,122 184 95 11 854  
PPA capacity revenues493 115 55 5 323  
Non-PPA revenues236 170 21 401 398  
Total wholesale electric revenues1,851 469 171 417 1,575  
Other natural gas revenues
Wholesale gas services2,168     2,168 
Gas marketing services464     464 
Other natural gas revenues36     36 
Total natural gas revenues2,668     2,668 
Other revenues1,075 202 452 31 30  
Total revenue from contracts with customers23,463 6,141 8,563 1,282 1,605 6,293 
Other revenue sources(a)
3,349 272 697 40 611 1,786 
Other adjustments(b)
(3,699)    (3,699)
Total operating revenues$23,113 $6,413 $9,260 $1,322 $2,216 $4,380 
Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas
(in millions)
2020
Operating revenues
Retail electric revenues
Residential$6,113 $2,377 $3,476 $260 $— $— 
Commercial4,699 1,512 2,933 254 — — 
Industrial2,775 1,293 1,197 285 — — 
Other90 21 60 — — 
Total retail electric revenues13,677 5,203 7,666 808 — — 
Natural gas distribution revenues
Residential1,338 — — — — 1,338 
Commercial340 — — — — 340 
Transportation971 — — — — 971 
Industrial 30 — — — — 30 
Other209 — — — — 209 
Total natural gas distribution revenues2,888 — — — — 2,888 
Wholesale electric revenues
PPA energy revenues735 133 42 570 — 
PPA capacity revenues454 108 50 296 — 
Non-PPA revenues210 43 10 311 239 — 
Total wholesale electric revenues1,399 284 102 323 1,105 — 
Other natural gas revenues
Wholesale gas services1,727 — — — — 1,727 
Gas marketing services391 — — — — 391 
Other natural gas revenues33 — — — — 33 
Total other natural gas revenues2,151 — — — — 2,151 
Other revenues982 159 447 26 14 — 
Total revenue from contracts with customers21,097 5,646 8,215 1,157 1,119 5,039 
Other revenue sources(a)
3,764 184 94 15 614 2,881 
Other adjustments(b)
(4,486)— — — — (4,486)
Total operating revenues$20,375 $5,830 $8,309 $1,172 $1,733 $3,434 
Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas
(in millions)
2019
Operating revenues
Retail electric revenues
Residential$6,164 $2,509 $3,377 $278 $— $— 
Commercial5,065 1,677 3,097 291 — — 
Industrial3,126 1,460 1,360 306 — — 
Other90 25 54 11 — — 
Total retail electric revenues14,445 5,671 7,888 886 — — 
Natural gas distribution revenues
Residential1,413 — — — — 1,413 
Commercial389 — — — — 389 
Transportation907 — — — — 907 
Industrial35 — — — — 35 
Other245 — — — — 245 
Total natural gas distribution revenues2,989 — — — — 2,989 
Wholesale electric revenues
PPA energy revenues833 145 60 11 648 — 
PPA capacity revenues453 102 54 322 — 
Non-PPA revenues232 81 352 238 — 
Total wholesale electric revenues1,518 328 123 366 1,208 — 
Other natural gas revenues
Gas pipeline investments32 — — — — 32 
Wholesale gas services2,095 — — — — 2,095 
Gas marketing services440 — — — — 440 
Other natural gas revenues42 — — — — 42 
Total other natural gas revenues2,609 — — — — 2,609 
Other revenues1,035 153 407 19 12 — 
Total revenue from contracts with customers22,596 6,152 8,418 1,271 1,220 5,598 
Other revenue sources(a)
4,266 (27)(10)(7)718 3,637 
Other adjustments(b)
(5,443)— — — — (5,443)
Total operating revenues$21,419 $6,125 $8,408 $1,264 $1,938 $3,792 
(a)Other revenue sources relate to revenues from customers accounted for as derivatives and leases, alternative revenue programs at Southern Company Gas, and cost recovery mechanisms and revenues that meet other scope exceptions for revenues from contracts with customers at the traditional electric operating companies.
(b)Other adjustments relate to the cost of Southern Company Gas' energy and risk management activities. Wholesale gas services revenues are presented net of the related costs of those activities on the statement of income. See Notes 15 and 16 under "Southern Company Gas" for information on the sale of Sequent and components of wholesale gas services' operating revenues, respectively.
Contract with customer, asset and liability
The following table reflects the closing balances of receivables, contract assets, and contract liabilities related to revenues from contracts with customers at December 31, 2021 and 2020:
Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas
(in millions)
Accounts Receivable
At December 31, 2021$2,504 $589 $736 $73 $149 $753 
At December 31, 20202,614 632 806 77 112 788 
Contract Assets
At December 31, 2021$117 $$63 $— $$— 
At December 31, 2020158 71 — — — 
Contract Liabilities
At December 31, 2021$57 $$14 $— $$— 
At December 31, 202061 27 
Revenues recognized in 2021 and 2020, which were included in contract liabilities at December 31, 2020 and December 31, 2019, respectively, were $29 million and $33 million, respectively, for Southern Company and immaterial for the other Registrants.
Revenue, remaining performance obligation, expected timing of satisfaction Revenues from contracts with customers related to these performance obligations remaining at December 31, 2021 are expected to be recognized as follows:
20222023202420252026Thereafter
(in millions)
Southern Company$577 $462 $341 $319 $295 $2,309 
Alabama Power33 24 — — 
Georgia Power68 48 25 22 11 31 
Southern Power331 293 309 292 287 2,294