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Condensed Balance Sheets (Unaudited) - APC - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,662 $ 1,798
Receivables —    
Customer accounts 2,006 1,806
Unbilled revenues 638 711
Other accounts and notes 509 523
Accumulated provision for uncollectible accounts (89) (78)
Fossil fuel for generation 411 450
Materials and supplies 1,571 1,543
Prepaid expenses 739 330
Other regulatory assets 576 653
Other current assets 201 231
Total current assets 9,297 8,965
Property, Plant, and Equipment:    
In service 116,259 115,592
Less: Accumulated depreciation 34,645 34,079
Plant in service, net of depreciation 81,614 81,513
Nuclear fuel, at amortized cost 839 824
Construction work in progress 9,337 8,771
Total property, plant, and equipment 91,790 91,108
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 2,403 2,542
Equity investments in unconsolidated subsidiaries 1,293 1,282
Miscellaneous property and investments 633 653
Total other property and investments 10,044 10,202
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,693 1,701
Deferred charges related to income taxes 833 824
Regulatory assets – asset retirement obligations, deferred 5,683 5,466
Other regulatory assets, deferred 5,372 5,577
Other deferred charges and assets 1,898 1,776
Total deferred charges and other assets 17,508 17,259
Total Assets 128,639 127,534
Current Liabilities:    
Securities due within one year 1,193 2,157
Accounts payable —    
Customer deposits 454 479
Accrued interest 404 533
Accrued compensation 574 1,070
Asset retirement obligations 695 697
Other regulatory liabilities 711 563
Other current liabilities 1,105 872
Total current liabilities 10,434 10,921
Long-term Debt 50,633 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 9,506 8,862
Deferred credits related to income taxes 5,365 5,401
Accumulated deferred ITCs 2,196 2,216
Employee benefit obligations 1,526 1,550
Operating lease obligations, deferred 1,521 1,503
Asset retirement obligations, deferred 11,016 10,990
Other cost of removal obligations 2,030 2,103
Other regulatory liabilities, deferred 526 485
Other deferred credits and liabilities 966 816
Total deferred credits and other liabilities 34,652 33,926
Total Liabilities 95,719 94,967
Redeemable preferred stock 291 291
Common Stockholder's Equity (See accompanying statements) 32,629 32,276
Total Liabilities and Stockholders' Equity 128,639 127,534
Alabama Power    
Current Assets:    
Cash and cash equivalents 1,353 1,060
Receivables —    
Customer accounts 417 410
Unbilled revenues 127 138
Affiliated 36 37
Other accounts and notes 64 55
Accumulated provision for uncollectible accounts (15) (14)
Fossil fuel for generation 136 159
Materials and supplies 550 548
Prepaid expenses 126 41
Other regulatory assets 191 208
Other current assets 131 67
Total current assets 3,116 2,709
Property, Plant, and Equipment:    
In service 33,333 33,135
Less: Accumulated depreciation 10,451 10,313
Plant in service, net of depreciation 22,882 22,822
Nuclear fuel, at amortized cost 246 247
Construction work in progress 1,249 1,147
Total property, plant, and equipment 24,377 24,216
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,257 1,325
Equity investments in unconsolidated subsidiaries 57 57
Miscellaneous property and investments 126 126
Total other property and investments 1,440 1,508
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 97 108
Deferred charges related to income taxes 243 240
Prepaid pension and other postretirement benefit costs 546 513
Regulatory assets – asset retirement obligations, deferred 1,663 1,547
Other regulatory assets, deferred 1,717 1,807
Other deferred charges and assets 371 334
Total deferred charges and other assets 4,637 4,549
Total Assets 33,570 32,982
Current Liabilities:    
Securities due within one year 201 751
Accounts payable —    
Affiliated 194 309
Other 372 459
Customer deposits 106 106
Accrued taxes 200 98
Accrued interest 77 100
Accrued compensation 124 219
Asset retirement obligations 322 320
Other regulatory liabilities 148 215
Other current liabilities 128 125
Total current liabilities 1,872 2,702
Long-term Debt 9,631 8,936
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,619 3,573
Deferred credits related to income taxes 1,959 1,968
Accumulated deferred ITCs 86 88
Employee benefit obligations 179 171
Operating lease obligations, deferred 64 66
Asset retirement obligations, deferred 4,013 4,014
Other cost of removal obligations 144 192
Other regulatory liabilities, deferred 224 210
Other deferred credits and liabilities 56 58
Total deferred credits and other liabilities 10,344 10,340
Total Liabilities 21,847 21,978
Redeemable preferred stock 291 291
Common Stockholder's Equity (See accompanying statements) 11,432 10,713
Total Liabilities and Stockholders' Equity $ 33,570 $ 32,982