XML 235 R192.htm IDEA: XBRL DOCUMENT v3.22.4
INCOME TAXES - Reconciliation of Federal Statutory Income Tax Rate (Details)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Reconciliation of federal statutory income tax rate to effective income tax rate      
Federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal deduction 6.20% 5.50% 2.80%
Employee stock plans' dividend deduction (0.50%) (0.90%) (0.70%)
Non-deductible book depreciation 0.60% 0.90% 0.70%
Flowback of excess deferred income taxes (6.60%) (11.70%) (8.80%)
AFUDC-Equity (1.10%) (1.50%) (0.80%)
Federal PTCs 0.00% 0.00% 0.00%
ITC amortization (1.30%) (2.20%) (1.60%)
Noncontrolling interests 0.50% 0.80% 0.00%
Leveraged lease impairments and dispositions   (1.40%) (1.60%)
Other 0.00% (0.10%) 0.20%
Effective income tax (benefit) rate 18.80% 10.40% 11.20%
Alabama Power      
Reconciliation of federal statutory income tax rate to effective income tax rate      
Federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal deduction 4.80% 4.60% 5.00%
Employee stock plans' dividend deduction 0.00% 0.00% 0.00%
Non-deductible book depreciation 0.50% 0.50% 0.60%
Flowback of excess deferred income taxes (1.90%) (2.60%) (3.10%)
AFUDC-Equity (0.80%) (0.70%) (0.60%)
Federal PTCs 0.00% 0.00% 0.00%
ITC amortization (0.10%) (0.10%) (0.10%)
Noncontrolling interests 0.00% 0.00% 0.00%
Leveraged lease impairments and dispositions   0.00% 0.00%
Other 0.30% 0.20% (0.30%)
Effective income tax (benefit) rate 23.80% 22.90% 22.50%
Georgia Power      
Reconciliation of federal statutory income tax rate to effective income tax rate      
Federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal deduction 6.50% (5.70%) 0.50%
Employee stock plans' dividend deduction 0.00% 0.00% 0.00%
Non-deductible book depreciation 0.60% 3.10% 0.80%
Flowback of excess deferred income taxes (9.60%) (49.90%) (12.00%)
AFUDC-Equity (1.50%) (6.40%) (1.10%)
Federal PTCs 0.00% 0.00% 0.00%
ITC amortization (0.10%) (0.40%) (0.10%)
Noncontrolling interests 0.00% 0.00% 0.00%
Leveraged lease impairments and dispositions   0.00% 0.00%
Other 0.00% (1.90%) (0.30%)
Effective income tax (benefit) rate 16.90% (40.20%) 8.80%
Mississippi Power      
Reconciliation of federal statutory income tax rate to effective income tax rate      
Federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal deduction 4.40% 4.90% 4.80%
Employee stock plans' dividend deduction 0.00% 0.00% 0.00%
Non-deductible book depreciation 0.30% 0.40% 0.50%
Flowback of excess deferred income taxes (7.80%) (15.20%) (18.50%)
AFUDC-Equity 0.00% 0.00% (0.10%)
Federal PTCs 0.00% 0.00% 0.00%
ITC amortization 0.00% 0.00% (0.10%)
Noncontrolling interests 0.00% 0.00% 0.00%
Leveraged lease impairments and dispositions   0.00% 0.00%
Other 0.30% 0.60% 0.90%
Effective income tax (benefit) rate 18.20% 11.70% 8.50%
Southern Power      
Reconciliation of federal statutory income tax rate to effective income tax rate      
Federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal deduction 1.90% (8.00%) 2.70%
Employee stock plans' dividend deduction 0.00% 0.00% 0.00%
Non-deductible book depreciation 0.00% 0.00% 0.00%
Flowback of excess deferred income taxes 0.00% 0.00% 0.00%
AFUDC-Equity 0.00% 0.00% 0.00%
Federal PTCs (6.60%) (4.60%) (2.50%)
ITC amortization (17.20%) (29.70%) (22.10%)
Noncontrolling interests 8.40% 13.40% 3.10%
Leveraged lease impairments and dispositions   0.00% 0.00%
Other (0.10%) (0.40%) (0.90%)
Effective income tax (benefit) rate 7.40% (8.30%) 1.30%
Southern Company Gas      
Reconciliation of federal statutory income tax rate to effective income tax rate      
Federal statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal deduction 6.40% 15.10% 4.00%
Employee stock plans' dividend deduction 0.00% 0.00% 0.00%
Non-deductible book depreciation 0.00% 0.00% 0.00%
Flowback of excess deferred income taxes (2.50%) (2.80%) (2.70%)
AFUDC-Equity 0.00% 0.00% 0.00%
Federal PTCs 0.00% 0.00% 0.00%
ITC amortization (0.10%) (0.10%) (0.10%)
Noncontrolling interests 0.00% 0.00% 0.00%
Leveraged lease impairments and dispositions   0.00% 0.00%
Other (0.90%) 0.60% 0.50%
Effective income tax (benefit) rate 23.90% 33.80% 22.70%