v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,879 $ 1,975
Receivables —    
Customer accounts receivable 1,613 1,614
Energy marketing receivables 273 428
Unbilled revenues 553 599
Other accounts and notes receivable 549 817
Accumulated provision for uncollectible accounts (89) (49)
Materials and supplies 1,490 1,388
Fossil fuel for generation 609 521
Natural gas for sale 282 479
Prepaid expenses 502 314
Assets from risk management activities, net of collateral 120 183
Regulatory assets – asset retirement obligations 252 287
Other regulatory assets 846 885
Assets held for sale 0 188
Other current assets 190 188
Total current assets 9,069 9,817
Property, Plant, and Equipment:    
In service 107,320 105,114
Less: Accumulated depreciation 31,477 30,765
Plant in service, net of depreciation 75,843 74,349
Nuclear fuel, at amortized cost 835 851
Construction work in progress 8,351 7,880
Total property, plant, and equipment 85,029 83,080
Other Property and Investments:    
Goodwill 5,280 5,280
Equity investments in unconsolidated subsidiaries 1,363 1,303
Other intangible assets, net of amortization 511 536
Nuclear decommissioning trusts, at fair value 2,014 2,036
Leveraged leases 647 788
Miscellaneous property and investments 379 391
Total other property and investments 10,194 10,334
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,776 1,800
Deferred charges related to income taxes 797 798
Unamortized loss on reacquired debt 290 300
Regulatory assets – asset retirement obligations, deferred 4,586 4,094
Other regulatory assets, deferred 6,606 6,805
Assets held for sale, deferred 0 601
Other deferred charges and assets 1,384 1,071
Total deferred charges and other assets 15,439 15,469
Total Assets 119,731 118,700
Current Liabilities:    
Securities due within one year 1,596 2,989
Notes payable 1,185 2,055
Energy marketing trade payables 284 442
Accounts payable —    
Accounts payable 1,787 2,115
Customer deposits 490 496
Accrued taxes —    
Accrued income taxes 27 0
Other accrued taxes 517 659
Accrued interest 499 474
Accrued compensation 666 992
Asset retirement obligations 575 504
Other regulatory liabilities 558 756
Liabilities held for sale 0 5
Operating lease obligations 235 229
Over recovered fuel clause revenues 109 0
Other current liabilities 915 830
Total current liabilities 9,334 12,546
Long-term Debt 45,138 41,798
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 8,298 7,888
Deferred credits related to income taxes 5,860 6,078
Accumulated deferred ITCs 2,271 2,291
Employee benefit obligations 1,789 1,814
Operating lease obligations, deferred 1,611 1,615
Asset retirement obligations, deferred 9,699 9,282
Accrued environmental remediation 220 234
Other cost of removal obligations 2,258 2,239
Other regulatory liabilities, deferred 371 256
Other deferred credits and liabilities 630 609
Total deferred credits and other liabilities 33,007 32,306
Total Liabilities 87,479 86,650
Redeemable Preferred Stock of Subsidiaries 291 291
Common Stockholder's Equity (See accompanying statements) 31,961 31,759
Total Liabilities and Stockholders' Equity 119,731 118,700
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 901 894
Receivables —    
Customer accounts receivable 407 425
Unbilled revenues 153 134
Affiliated 37 37
Other accounts and notes receivable 51 72
Accumulated provision for uncollectible accounts (21) (22)
Materials and supplies 545 512
Fossil fuel for generation 250 212
Prepaid expenses 101 50
Other regulatory assets 226 242
Other current assets 55 30
Total current assets 2,705 2,586
Property, Plant, and Equipment:    
In service 30,619 30,023
Less: Accumulated depreciation 9,647 9,540
Plant in service, net of depreciation 20,972 20,483
Nuclear fuel, at amortized cost 275 296
Construction work in progress 830 890
Total property, plant, and equipment 22,077 21,669
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 63 66
Nuclear decommissioning trusts, at fair value 978 1,023
Miscellaneous property and investments 131 128
Total other property and investments 1,172 1,217
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 113 132
Deferred charges related to income taxes 243 244
Deferred under recovered regulatory clause revenues 41 40
Regulatory assets – asset retirement obligations, deferred 1,491 1,019
Other regulatory assets, deferred 1,922 1,976
Other deferred charges and assets 362 269
Total deferred charges and other assets 4,172 3,680
Total Assets 30,126 29,152
Current Liabilities:    
Securities due within one year 496 251
Accounts payable —    
Affiliated 261 316
Other 312 514
Customer deposits 103 100
Accrued taxes —    
Accrued taxes 274 78
Accrued interest 93 92
Accrued compensation 156 216
Asset retirement obligations 254 195
Other regulatory liabilities 73 193
Other current liabilities 101 105
Total current liabilities 2,123 2,060
Long-term Debt 8,028 8,270
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,325 3,260
Deferred credits related to income taxes 1,932 1,960
Accumulated deferred ITCs 97 100
Employee benefit obligations 200 206
Operating lease obligations, deferred 91 107
Asset retirement obligations, deferred 3,722 3,345
Other cost of removal obligations 392 412
Other regulatory liabilities, deferred 217 146
Other deferred credits and liabilities 38 40
Total deferred credits and other liabilities 10,014 9,576
Total Liabilities 20,165 19,906
Redeemable Preferred Stock 291 291
Common Stockholder's Equity (See accompanying statements) 9,670 8,955
Total Liabilities and Stockholders' Equity 30,126 29,152
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 386 52
Receivables —    
Customer accounts receivable 580 533
Unbilled revenues 261 203
Joint owner accounts receivable 104 136
Affiliated 28 21
Other accounts and notes receivable 42 209
Accumulated provision for uncollectible accounts (28) (2)
Materials and supplies 558 501
Fossil fuel for generation 324 272
Prepaid expenses 58 63
Regulatory assets – storm damage reserves 213 213
Regulatory assets – asset retirement obligations 215 254
Other regulatory assets 276 263
Other current assets 62 77
Total current assets 3,079 2,795
Property, Plant, and Equipment:    
In service 38,852 38,137
Less: Accumulated depreciation 11,964 11,753
Plant in service, net of depreciation 26,888 26,384
Nuclear fuel, at amortized cost 560 555
Construction work in progress 6,254 5,650
Total property, plant, and equipment 33,702 32,589
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 50 52
Nuclear decommissioning trusts, at fair value 1,036 1,013
Miscellaneous property and investments 65 64
Total other property and investments 1,151 1,129
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,382 1,428
Deferred charges related to income taxes 519 519
Regulatory assets – asset retirement obligations, deferred 2,894 2,865
Other regulatory assets, deferred 2,610 2,716
Other deferred charges and assets 488 500
Total deferred charges and other assets 7,893 8,028
Total Assets 45,825 44,541
Current Liabilities:    
Securities due within one year 536 1,025
Notes payable 465 365
Accounts payable —    
Affiliated 493 512
Other 672 711
Customer deposits 284 283
Accrued taxes —    
Accrued taxes 442 407
Accrued interest 133 118
Accrued compensation 152 233
Asset retirement obligations 279 265
Other regulatory liabilities 290 447
Operating lease obligations 150 144
Other current liabilities 206 187
Total current liabilities 4,211 4,697
Long-term Debt 12,337 10,791
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,190 3,257
Deferred credits related to income taxes 2,730 2,862
Accumulated deferred ITCs 273 255
Employee benefit obligations 500 540
Operating lease obligations, deferred 1,258 1,282
Asset retirement obligations, deferred 5,556 5,519
Other deferred credits and liabilities 333 273
Total deferred credits and other liabilities 13,840 13,988
Total Liabilities 30,388 29,476
Common Stockholder's Equity (See accompanying statements) 15,437 15,065
Total Liabilities and Stockholders' Equity 45,825 44,541
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 34 286
Receivables —    
Customer accounts receivable 39 35
Unbilled revenues 41 39
Affiliated 31 27
Other accounts and notes receivable 24 26
Materials and supplies 62 61
Fossil fuel for generation 24 26
Other regulatory assets 73 99
Other current assets 8 10
Total current assets 336 609
Property, Plant, and Equipment:    
In service 4,948 4,857
Less: Accumulated depreciation 1,522 1,463
Plant in service, net of depreciation 3,426 3,394
Construction work in progress 132 126
Total property, plant, and equipment 3,558 3,520
Other Property and Investments:    
Total other property and investments 129 131
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 32 32
Regulatory assets – asset retirement obligations, deferred 200 210
Other regulatory assets, deferred 376 360
Accumulated deferred income taxes 134 139
Other deferred charges and assets 56 34
Total deferred charges and other assets 798 775
Total Assets 4,821 5,035
Current Liabilities:    
Securities due within one year 0 281
Notes payable 4 0
Accounts payable —    
Affiliated 75 76
Other 44 75
Accrued taxes —    
Accrued taxes 84 105
Accrued interest 15 15
Accrued compensation 21 35
Asset retirement obligations 28 33
Other regulatory liabilities 47 21
Over recovered fuel clause revenues 29 29
Other current liabilities 59 64
Total current liabilities 406 734
Long-term Debt 1,404 1,308
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 422 424
Deferred credits related to income taxes 310 352
Employee benefit obligations 97 99
Asset retirement obligations, deferred 157 157
Other cost of removal obligations 193 189
Other regulatory liabilities, deferred 66 76
Other deferred credits and liabilities 42 44
Total deferred credits and other liabilities 1,287 1,341
Total Liabilities 3,097 3,383
Common Stockholder's Equity (See accompanying statements) 1,724 1,652
Total Liabilities and Stockholders' Equity 4,821 5,035
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 154 279
Receivables —    
Customer accounts receivable 160 107
Affiliated 46 30
Other accounts and notes receivable 55 73
Materials and supplies 203 191
Prepaid income taxes 402 36
Other current assets 23 43
Total current assets 1,043 759
Property, Plant, and Equipment:    
In service 13,634 13,270
Less: Accumulated depreciation 2,689 2,464
Plant in service, net of depreciation 10,945 10,806
Construction work in progress 314 515
Total property, plant, and equipment 11,259 11,321
Other Property and Investments:    
Intangible assets, net of amortization 312 322
Equity investments in unconsolidated subsidiaries 19 28
Miscellaneous property and investments 19 28
Total other property and investments 331 350
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 397 369
Prepaid LTSAs 140 128
Assets held for sale, deferred 0 601
Accumulated deferred income taxes 156 551
Income taxes receivable, non-current 11 5
Other deferred charges and assets 220 216
Total deferred charges and other assets 924 1,870
Total Assets 13,557 14,300
Current Liabilities:    
Securities due within one year 525 824
Notes payable 92 549
Accounts payable —    
Affiliated 52 56
Other 59 85
Accrued taxes —    
Accrued income taxes 10 0
Other accrued taxes 26 26
Accrued interest 23 32
Other current liabilities 127 132
Total current liabilities 914 1,704
Long-term Debt 3,572 3,574
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 114 115
Accumulated deferred ITCs 1,701 1,731
Operating lease obligations, deferred 404 376
Other deferred credits and liabilities 193 178
Total deferred credits and other liabilities 2,412 2,400
Total Liabilities 6,898 7,678
Common Stockholder's Equity (See accompanying statements) 6,659 6,622
Total Liabilities and Stockholders' Equity 13,557 14,300
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 120 46
Receivables —    
Customer accounts receivable 269 323
Energy marketing receivables 273 428
Unbilled revenues 57 183
Affiliated 5 5
Other accounts and notes receivable 117 114
Accumulated provision for uncollectible accounts (35) (18)
Natural gas for sale 282 479
Prepaid expenses 60 65
Assets from risk management activities, net of collateral 103 177
Other regulatory assets 86 92
Assets held for sale 0 171
Other current assets 49 41
Total current assets 1,386 2,106
Property, Plant, and Equipment:    
In service 16,718 16,344
Less: Accumulated depreciation 4,704 4,650
Plant in service, net of depreciation 12,014 11,694
Construction work in progress 770 613
Total property, plant, and equipment 12,784 12,307
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,308 1,251
Other intangible assets, net of amortization 60 70
Miscellaneous property and investments 20 20
Total other property and investments 6,403 6,356
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 88 93
Other regulatory assets, deferred 581 618
Other deferred charges and assets 258 207
Total deferred charges and other assets 927 918
Total Assets 21,500 21,687
Current Liabilities:    
Securities due within one year 31 0
Notes payable 329 650
Energy marketing trade payables 284 442
Accounts payable —    
Affiliated 50 41
Other 290 315
Customer deposits 86 96
Accrued taxes —    
Accrued income taxes 32 0
Other accrued taxes 65 71
Accrued interest 53 52
Accrued compensation 68 100
Liabilities from risk management activities, net of collateral 39 21
Other regulatory liabilities 146 94
Other current liabilities 122 128
Total current liabilities 1,595 2,010
Long-term Debt 5,796 5,845
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,256 1,219
Deferred credits related to income taxes 859 874
Employee benefit obligations 253 265
Operating lease obligations, deferred 73 78
Accrued environmental remediation 220 233
Other cost of removal obligations 1,639 1,606
Other deferred credits and liabilities 40 51
Total deferred credits and other liabilities 4,340 4,326
Total Liabilities 11,731 12,181
Common Stockholder's Equity (See accompanying statements) 9,769 9,506
Total Liabilities and Stockholders' Equity $ 21,500 $ 21,687