v3.25.0.1
Balance Sheets - MPC - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,070 $ 748
Receivables —    
Customer accounts, net and affiliated 2,228 2,030
Unbilled revenues 825 786
Other accounts and notes 597 519
Fossil fuel stock 803 943
Materials and supplies 2,178 1,989
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
Construction work in progress 6,389 7,784
Total property, plant, and equipment 104,689 99,844
Other Property and Investments:    
Other Property and Investments 10,198 9,986
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 889 886
Prepaid pension costs 2,674 2,079
Deferred under recovered retail fuel clause revenues 485 1,261
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 —    
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
Employee benefit obligations 1,011 1,115
Asset retirement obligations, deferred 9,203 9,573
Other cost of removal obligations 2,016 1,957
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
Accumulated deficit 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
Mississippi Power    
Current Assets:    
Cash and cash equivalents 13 38
Receivables —    
Customer accounts, net and affiliated 45 36
Unbilled revenues 39 40
Other accounts and notes 24 20
Fossil fuel stock 56 47
Materials and supplies 103 89
Other regulatory assets 43 56
Other current assets 28 10
Total current assets 384 365
Property, Plant, and Equipment:    
In service 5,697 5,523
Less: Accumulated depreciation 1,833 1,792
Plant in service, net of depreciation 3,864 3,731
Construction work in progress 253 203
Total property, plant, and equipment 4,117 3,934
Other Property and Investments:    
Other Property and Investments 152 158
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 27 28
Prepaid pension costs 124 99
Deferred under recovered retail fuel clause revenues 32 50
Regulatory assets – asset retirement obligations 243 244
Other regulatory assets, deferred 259 285
Accumulated deferred income taxes 82 96
Other deferred charges and assets 74 85
Total deferred charges and other assets 841 887
Total Assets 5,494 5,344
Current Liabilities:    
Securities due within one year 12 201
Notes payable 14 0
Accounts payable —    
Affiliated and other 83 73
Accrued taxes 115 117
Accrued compensation 46 43
Asset retirement obligations 32 29
Over recovered retail fuel clause revenues 32 27
Other regulatory liabilities 5 17
Other current liabilities 95 90
Total current liabilities 502 679
Long-Term Debt 1,681 1,443
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 492 469
Deferred credits related to income taxes 219 229
Employee benefit obligations 65 67
Asset retirement obligations, deferred 116 139
Other cost of removal obligations 170 186
Other regulatory liabilities, deferred 121 92
Other deferred credits and liabilities 39 37
Total deferred credits and other liabilities 1,222 1,219
Total Liabilities 3,405 3,341
Common Stockholders' Equity:    
Common stock 38 38
Paid-in capital 4,791 4,721
Accumulated deficit (2,745) (2,756)
Accumulated other comprehensive loss 5 0
Total common stockholders' equity 2,089 2,003
Total Liabilities and Stockholders' Equity 5,494 5,344
Commitments and Contingent Matters
Mississippi Power | Related Party    
Receivables —    
Customer accounts, net and affiliated 33 29
Accounts payable —    
Affiliated and other $ 68 $ 82