Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2019

The recovery balances for certain of Alabama Power's, Georgia Power's, and Mississippi Power's regulatory clauses at June 30, 2019 and December 31, 2018 were as follows:



Regulatory Clause	Balance Sheet Line Item	June 30, 2019		December 31, 2018
		(in millions)
Alabama Power
Rate CNP Compliance	Deferred under recovered regulatory clause revenues	$	—	$	42
	Customer accounts receivable	10		—
Rate CNP PPA	Deferred under recovered regulatory clause revenues	25		25
Retail Energy Cost Recovery^(*)	Deferred under recovered regulatory clause revenues	—		109
	Customer accounts receivable	8		—
Natural Disaster Reserve	Other regulatory liabilities, deferred	19		20
Georgia Power
Fuel Cost Recovery	Receivables – under recovered fuel clause revenues	$	69	$	115
Mississippi Power
Fuel Cost Recovery	Over recovered regulatory clause liabilities	$	9	$	8

(*)

In accordance with an accounting order issued on February 5, 2019 by the Alabama PSC, Alabama Power utilized $75 million of the 2018 Rate RSE refund liability to reduce the Rate ECR under recovered balance. See Note 2 to the financial statements under "Alabama Power – Rate ECR" in Item 8 of the Form 10-K for additional information.

Requested Recovery of Proposed Increases

Georgia Power has requested recovery of the proposed increases through its existing base rate tariffs as follows:



Tariff	2020		2021		2022
	(in millions)
Traditional base:
Levelized	$	209	$	—	$	—
CCR AROs	158		140		227
Environmental Compliance Cost Recovery	165		—		—
Demand-Side Management	14		2		1
Municipal Franchise Fee	17		3		5
Total^(*)	$	563	$	145	$	234

(*)

Totals may not add due to rounding.

Cost and Schedule

Georgia Power's approximate proportionate share of the remaining estimated capital cost to complete Plant Vogtle Units 3 and 4 by the expected in-service dates of November 2021 and November 2022, respectively, is as follows:



	(in billions)
Base project capital cost forecast^(a)(b)	$	8.0
Construction contingency estimate	0.4
Total project capital cost forecast^(a)(b)	8.4
Net investment as of June 30, 2019^(b)	(5.2		)
Remaining estimate to complete^(a)	$	3.2


(a)	Excludes financing costs expected to be capitalized through AFUDC of approximately $315 million.

(b)

Net of $1.7 billion received from Toshiba under the Guarantee Settlement Agreement and approximately $188 million in related Customer Refunds.