v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - SPC - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,676 $ 1,917
Receivables —    
Customer accounts, net and Affiliated 2,230 2,128
Other 553 637
Materials and supplies 1,913 1,664
Other current assets 544 344
Total current assets 11,088 10,416
Property, Plant, and Equipment:    
In service 125,573 117,529
Less: Accumulated depreciation 37,199 35,297
Plant in service, net of depreciation 88,374 82,232
Construction work in progress 8,496 10,896
Total property, plant, and equipment 98,254 94,570
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 1,376 1,443
Total other property and investments 9,772 9,757
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,467 1,531
Other deferred charges and assets 1,479 1,485
Total deferred charges and other assets 19,207 20,148
Total Assets 138,321 134,891
Current Liabilities:    
Securities due within one year 3,076 4,285
Notes payable 1,726 2,609
Accounts payable —    
Accrued interest 573 614
Other current liabilities 943 787
Total current liabilities 13,214 15,724
Long-term Debt 56,003 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,774 10,036
Accumulated deferred ITCs 2,071 2,133
Operating lease obligations 1,320 1,388
Other deferred credits and liabilities 1,166 1,167
Total deferred credits and other liabilities 33,800 33,979
Total Liabilities 103,017 100,359
Total Stockholders' Equity (See accompanying statements) 35,304 34,532
Total Liabilities and Stockholders' Equity 138,321 134,891
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 236 131
Receivables —    
Other 44 70
Materials and supplies 84 88
Prepaid income taxes 130 5
Other current assets 71 50
Total current assets 789 621
Property, Plant, and Equipment:    
In service 14,678 14,658
Less: Accumulated depreciation 4,001 3,661
Plant in service, net of depreciation 10,677 10,997
Construction work in progress 224 41
Total property, plant, and equipment 10,901 11,038
Other Property and Investments:    
Intangible assets, net of amortization 248 263
Equity investments in unconsolidated subsidiaries 0 49
Net investment in sales-type leases 150 154
Total other property and investments 398 466
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 490 489
Prepaid LTSAs 225 193
Other deferred charges and assets 287 274
Total deferred charges and other assets 1,002 956
Total Assets 13,090 13,081
Current Liabilities:    
Securities due within one year 0 290
Notes payable 359 225
Accounts payable —    
Accrued taxes 33 24
Accrued interest 22 28
Other current liabilities 117 111
Total current liabilities 654 884
Long-term Debt 2,687 2,689
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 619 279
Accumulated deferred ITCs 1,512 1,556
Operating lease obligations 516 514
Other deferred credits and liabilities 259 243
Total deferred credits and other liabilities 2,906 2,592
Total Liabilities 6,247 6,165
Total Stockholders' Equity (See accompanying statements) 6,843 6,916
Total Liabilities and Stockholders' Equity 13,090 13,081
SOUTHERN POWER CO | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 164 226
Accounts payable —    
Affiliated and Other 43 67
SOUTHERN POWER CO | Related Party    
Receivables —    
Customer accounts, net and Affiliated 60 51
Accounts payable —    
Affiliated and Other $ 80 $ 139