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Balance Sheets - MPC - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,917 $ 1,798
Receivables —    
Customer accounts 2,138 1,806
Unbilled revenues 1,012 711
Other accounts and notes 637 523
Fossil fuel for generation 575 450
Materials and supplies 1,664 1,543
Other regulatory assets 860 653
Other current assets 344 231
Total current assets 10,416 8,965
Property, Plant, and Equipment:    
In service 117,529 115,592
Less: Accumulated depreciation 35,297 34,079
Plant in service, net of depreciation 82,232 81,513
Construction work in progress 10,896 8,771
Total property, plant, and equipment 94,570 91,108
Other Property and Investments:    
Total other property and investments 9,757 10,202
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 866 824
Regulatory assets – asset retirement obligations, deferred 5,764 5,466
Other regulatory assets, deferred 5,918 5,577
Other deferred charges and assets 1,485 1,366
Total deferred charges and other assets 20,148 17,259
Total Assets 134,891 127,534
Current Liabilities:    
Securities due within one year 4,285 2,157
Accounts payable —    
Accrued compensation 1,127 1,070
Asset retirement obligations 694 697
Other regulatory liabilities 382 563
Other current liabilities 965 872
Total current liabilities 15,724 10,921
Long-Term Debt 50,656 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,036 8,862
Deferred credits related to income taxes 5,235 5,401
Employee benefit obligations 1,238 1,550
Asset retirement obligations, deferred 10,146 10,990
Other cost of removal obligations 1,903 2,103
Other regulatory liabilities, deferred 733 485
Other deferred credits and liabilities 1,167 816
Total deferred credits and other liabilities 33,979 33,926
Total Liabilities 100,359 94,967
Common Stockholders' Equity:    
Common stock 5,417 5,279
Paid-in capital 13,673 11,950
Retained earnings (accumulated deficit) 11,538 10,929
Total common stockholders' equity 30,408 27,874
Total Liabilities and Stockholders' Equity 134,891 127,534
Commitments and Contingent Matters
Mississippi Power    
Current Assets:    
Cash and cash equivalents 59 61
Receivables —    
Customer accounts 47 37
Unbilled revenues 47 34
Affiliated 82 29
Other accounts and notes 35 28
Fossil fuel for generation 44 28
Materials and supplies 80 70
Other regulatory assets 72 54
Other current assets 38 41
Total current assets 504 382
Property, Plant, and Equipment:    
In service 5,254 5,106
Less: Accumulated depreciation 1,689 1,591
Plant in service, net of depreciation 3,565 3,515
Construction work in progress 208 127
Total property, plant, and equipment 3,773 3,642
Other Property and Investments:    
Total other property and investments 167 179
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 30 31
Prepaid pension costs(a) 109 79
Regulatory assets – asset retirement obligations, deferred 239 232
Other regulatory assets, deferred 249 317
Accumulated deferred income taxes 107 118
Other deferred charges and assets 94 100
Total deferred charges and other assets 828 877
Total Assets 5,272 5,080
Current Liabilities:    
Securities due within one year 1 1
Accounts payable —    
Affiliated 121 81
Other 106 47
Accrued taxes 124 120
Accrued compensation 37 36
Asset retirement obligations 37 30
Other regulatory liabilities 43 59
Other current liabilities 85 65
Total current liabilities 554 439
Long-Term Debt 1,544 1,510
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 466 464
Deferred credits related to income taxes 253 269
Employee benefit obligations 69 88
Asset retirement obligations, deferred 142 160
Other cost of removal obligations 196 195
Other regulatory liabilities, deferred 96 64
Other deferred credits and liabilities 21 24
Total deferred credits and other liabilities 1,243 1,264
Total Liabilities 3,341 3,213
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 4,652 4,582
Retained earnings (accumulated deficit) (2,759) (2,753)
Total common stockholders' equity 1,931 1,867
Total Liabilities and Stockholders' Equity 5,272 5,080
Commitments and Contingent Matters