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Condensed Balance Sheets (Unaudited) - MPC - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,123 $ 1,917
Receivables —    
Customer and affiliated accounts, net 1,852 2,128
Unbilled revenues 682 1,012
Other accounts and notes 568 637
Fossil fuel for generation 883 575
Materials and supplies 1,846 1,664
Other regulatory assets 930 860
Other current assets 310 344
Total current assets 10,979 10,416
Property, Plant, and Equipment:    
In service 119,852 117,529
Less: Accumulated depreciation 36,500 35,297
Plant in service, net of depreciation 83,352 82,232
Construction work in progress 11,992 10,896
Total property, plant, and equipment 96,767 94,570
Other Property and Investments:    
Total other property and investments 9,845 9,757
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 892 866
Regulatory assets – asset retirement obligations, deferred 5,681 5,764
Other regulatory assets, deferred 5,806 5,918
Other deferred charges and assets 1,469 1,485
Total deferred charges and other assets 19,525 20,148
Total Assets 137,116 134,891
Current Liabilities:    
Securities due within one year 4,063 4,285
Notes payable 1,647 2,609
Accounts payable —    
Accrued compensation 719 1,127
Asset retirement obligations 715 694
Other regulatory liabilities 268 382
Other current liabilities 870 787
Total current liabilities 13,240 15,724
Long-term Debt 55,134 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,623 10,036
Deferred credits related to income taxes 4,965 5,235
Employee benefit obligations 1,217 1,238
Asset retirement obligations, deferred 10,127 10,146
Other cost of removal obligations 1,932 1,903
Other regulatory liabilities, deferred 691 733
Other deferred credits and liabilities 1,092 1,167
Total deferred credits and other liabilities 34,094 33,979
Total Liabilities 102,468 100,359
Total Liabilities and Stockholders' Equity 137,116 134,891
Mississippi Power    
Current Assets:    
Cash and cash equivalents 19 59
Receivables —    
Unbilled revenues 47 47
Other accounts and notes 26 35
Fossil fuel for generation 58 44
Materials and supplies 83 80
Other regulatory assets 67 72
Other current assets 12 38
Total current assets 400 504
Property, Plant, and Equipment:    
In service 5,417 5,254
Less: Accumulated depreciation 1,729 1,689
Plant in service, net of depreciation 3,688 3,565
Construction work in progress 177 208
Total property, plant, and equipment 3,865 3,773
Other Property and Investments:    
Total other property and investments 162 167
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 29 30
Prepaid pension costs 118 109
Regulatory assets – asset retirement obligations, deferred 240 239
Other regulatory assets, deferred 258 249
Accumulated deferred income taxes 100 107
Other deferred charges and assets 77 94
Total deferred charges and other assets 822 828
Total Assets 5,249 5,272
Current Liabilities:    
Securities due within one year 201 1
Notes payable 53 0
Accounts payable —    
Accrued taxes 63 124
Accrued compensation 24 37
Asset retirement obligations 26 37
Other regulatory liabilities 35 43
Other current liabilities 86 85
Total current liabilities 632 554
Long-term Debt 1,444 1,544
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 467 466
Deferred credits related to income taxes 232 253
Employee benefit obligations 68 69
Asset retirement obligations, deferred 149 142
Other cost of removal obligations 197 196
Other regulatory liabilities, deferred 79 96
Other deferred credits and liabilities 33 21
Total deferred credits and other liabilities 1,225 1,243
Total Liabilities 3,301 3,341
Total common stockholders' equity 1,948 1,931
Total Liabilities and Stockholders' Equity 5,249 5,272
Mississippi Power | Nonrelated Party    
Receivables —    
Customer and affiliated accounts, net 68 47
Accounts payable —    
Affiliated 70 106
Other 70 106
Mississippi Power | Related Party    
Receivables —    
Customer and affiliated accounts, net 20 82
Accounts payable —    
Affiliated 74 121
Other $ 74 $ 121