v3.25.0.1
Balance Sheets - APC - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,070 $ 748
Receivables —    
Customer accounts and affiliated 2,228 2,030
Unbilled revenues 825 786
Other accounts and notes 597 519
Accumulated provision for uncollectible accounts (74) (68)
Fossil fuel stock 803 943
Materials and supplies 2,178 1,989
Prepaid expenses 294 406
Other regulatory assets 804 1,120
Other current assets 476 533
Total current assets 10,694 10,432
Property, Plant, and Equipment:    
In service 137,143 128,428
Less: Accumulated depreciation 40,126 37,725
Plant in service, net of depreciation 97,017 90,703
Other utility plant, net 410 499
Nuclear fuel, at amortized cost 873 858
Construction work in progress 6,389 7,784
Total property, plant, and equipment 104,689 99,844
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 2,621 2,424
Equity investments in unconsolidated subsidiaries 1,416 1,368
Miscellaneous property and investments 668 665
Other Property and Investments 10,198 9,986
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,386 1,432
Deferred charges related to income taxes 889 886
Regulatory assets – asset retirement obligations 5,458 5,459
Other regulatory assets, deferred 7,037 6,264
Other deferred charges and assets 1,467 1,468
Total deferred charges and other assets 19,599 19,069
Total Assets 145,180 139,331
Current Liabilities:    
Securities due within one year 4,718 2,476
Notes payable 1,338 2,314
Accounts payable —    
Customer deposits 486 503
Accrued interest 682 652
Accrued compensation 1,261 1,151
Asset retirement obligations 731 744
Other regulatory liabilities 369 141
Other current liabilities 1,100 1,029
Total current liabilities 15,993 13,467
Long-Term Debt 58,768 57,210
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 11,730 10,990
Deferred credits related to income taxes 4,434 4,674
Accumulated deferred ITCs 2,056 2,067
Employee benefit obligations 1,011 1,115
Operating lease obligations 1,253 1,307
Asset retirement obligations, deferred 9,203 9,573
Other regulatory liabilities, deferred 692 715
Other deferred credits and liabilities 1,350 1,031
Total deferred credits and other liabilities 33,745 33,429
Total Liabilities 108,506 104,106
Common Stockholders' Equity:    
Common stock 5,446 5,423
Paid-in capital 14,149 13,775
Retained earnings 13,750 12,482
Accumulated other comprehensive loss (78) (177)
Total common stockholders' equity 33,208 31,444
Total Liabilities and Stockholders' Equity 145,180 139,331
Commitments and Contingent Matters
Alabama Power    
Current Assets:    
Cash and cash equivalents 585 324
Receivables —    
Customer accounts and affiliated 512 513
Unbilled revenues 187 191
Other accounts and notes 126 109
Accumulated provision for uncollectible accounts (22) (16)
Fossil fuel stock 339 394
Materials and supplies 699 655
Prepaid expenses 63 62
Regulatory assets – under recovered retail fuel clause revenues 0 246
Other regulatory assets 332 385
Other current assets 79 142
Total current assets 2,991 3,077
Property, Plant, and Equipment:    
In service 36,501 35,429
Less: Accumulated depreciation 11,741 11,131
Plant in service, net of depreciation 24,760 24,298
Other utility plant, net 410 499
Nuclear fuel, at amortized cost 262 253
Construction work in progress 1,377 1,095
Total property, plant, and equipment 26,809 26,145
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,386 1,261
Equity investments in unconsolidated subsidiaries 48 52
Miscellaneous property and investments 129 155
Other Property and Investments 1,563 1,468
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 84 87
Deferred charges related to income taxes 264 262
Prepaid pension and other postretirement benefit costs 841 659
Regulatory assets – asset retirement obligations 1,780 1,810
Other regulatory assets, deferred 1,815 1,858
Other deferred charges and assets 391 414
Total deferred charges and other assets 5,175 5,090
Total Assets 36,538 35,780
Current Liabilities:    
Securities due within one year 655 223
Notes payable 0 40
Accounts payable —    
Affiliated and other 625 630
Customer deposits 113 105
Accrued taxes 78 51
Accrued interest 120 122
Accrued compensation 240 222
Asset retirement obligations 364 346
Other regulatory liabilities 165 44
Other current liabilities 219 191
Total current liabilities 2,878 2,304
Long-Term Debt 10,499 10,960
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,178 4,170
Deferred credits related to income taxes 1,398 1,506
Accumulated deferred ITCs 113 74
Employee benefit obligations 148 155
Operating lease obligations 76 81
Asset retirement obligations, deferred 3,694 3,812
Other regulatory liabilities, deferred 271 291
Other deferred credits and liabilities 195 94
Total deferred credits and other liabilities 10,073 10,183
Total Liabilities 23,450 23,447
Common Stockholders' Equity:    
Common stock 1,222 1,222
Paid-in capital 7,657 7,125
Retained earnings 4,214 3,993
Accumulated other comprehensive loss (5) (7)
Total common stockholders' equity 13,088 12,333
Total Liabilities and Stockholders' Equity 36,538 35,780
Commitments and Contingent Matters
Alabama Power | Related Party    
Receivables —    
Customer accounts and affiliated 91 72
Accounts payable —    
Affiliated and other $ 299 $ 330