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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 1,383 $ 1,396
Receivables —    
Customer accounts receivable 1,654 1,726
Energy marketing receivables 361 801
Unbilled revenues 583 654
Under recovered fuel clause revenues 69 115
Other accounts and notes receivable 756 813
Accumulated provision for uncollectible accounts (50) (50)
Materials and supplies 1,440 1,465
Fossil fuel for generation 435 405
Natural gas for sale 268 524
Prepaid expenses 543 432
Assets from risk management activities, net of collateral 107 222
Other regulatory assets 607 525
Assets held for sale 58 393
Other current assets 138 162
Total current assets 8,352 9,583
Property, Plant, and Equipment:    
In service 103,428 103,706
Less: Accumulated depreciation 30,693 31,038
Plant in service, net of depreciation 72,735 72,668
Nuclear fuel, at amortized cost 871 875
Construction work in progress 7,568 7,254
Total property, plant, and equipment 81,174 80,797
Other Property and Investments:    
Goodwill 5,282 5,315
Equity investments in unconsolidated subsidiaries 1,557 1,580
Other intangible assets, net of amortization 550 613
Nuclear decommissioning trusts, at fair value 1,942 1,721
Leveraged leases 813 798
Miscellaneous property and investments 505 269
Total other property and investments 10,649 10,296
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,862  
Deferred charges related to income taxes 794 794
Unamortized loss on reacquired debt 313 323
Regulatory assets – asset retirement obligations 4,062 2,933
Other regulatory assets, deferred 5,835 5,375
Assets held for sale, deferred 685 5,350
Other deferred charges and assets 1,141 1,463
Total deferred charges and other assets 14,692 16,238
Total Assets 114,867 116,914
Current Liabilities:    
Securities due within one year 3,148 3,198
Notes payable 1,398 2,915
Energy marketing trade payables 393 856
Accounts payable —    
Accounts payable 1,978 2,580
Customer deposits 489 522
Accrued taxes —    
Accrued income taxes 171 21
Other accrued taxes 501 635
Accrued interest 455 472
Accrued compensation 676 1,030
Asset retirement obligations 429 404
Other regulatory liabilities 304 376
Liabilities held for sale 36 425
Operating lease obligations 228  
Other current liabilities 793 852
Total current liabilities 10,999 14,286
Long-term Debt 39,682 40,736
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 7,728 6,558
Deferred credits related to income taxes 6,386 6,460
Accumulated deferred ITCs 2,283 2,372
Employee benefit obligations 2,058 2,147
Operating lease obligations, deferred 1,702  
Asset retirement obligations, deferred 9,478 8,990
Accrued environmental remediation 247 268
Other cost of removal obligations 2,283 2,297
Other regulatory liabilities, deferred 176 169
Liabilities held for sale, deferred 39 2,836
Other deferred credits and liabilities 384 465
Total deferred credits and other liabilities 32,764 32,562
Total Liabilities 83,445 87,584
Redeemable Preferred Stock of Subsidiaries 291 291
Total stockholders' equity 31,131 29,039
Total Liabilities and Stockholders' Equity 114,867 116,914
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 623 313
Receivables —    
Customer accounts receivable 432 403
Unbilled revenues 173 150
Other accounts and notes receivable 55 51
Accumulated provision for uncollectible accounts (10) (10)
Affiliated 38 94
Materials and supplies 530 546
Fossil fuel for generation 143 141
Prepaid expenses 170 66
Other regulatory assets 204 137
Other current assets 26 18
Total current assets 2,384 1,909
Property, Plant, and Equipment:    
In service 29,070 30,402
Less: Accumulated depreciation 9,397 9,988
Plant in service, net of depreciation 19,673 20,414
Nuclear fuel, at amortized cost 322 324
Construction work in progress 1,097 1,113
Total property, plant, and equipment 21,092 21,851
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 64 65
Nuclear decommissioning trusts, at fair value 964 847
Miscellaneous property and investments 129 127
Total other property and investments 1,157 1,039
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 152  
Deferred charges related to income taxes 240 240
Regulatory assets – asset retirement obligations 1,016 147
Other regulatory assets, deferred 1,824 1,240
Other deferred charges and assets 177 188
Deferred under recovered regulatory clause revenues 25 116
Total deferred charges and other assets 3,434 1,931
Total Assets 28,067 26,730
Current Liabilities:    
Securities due within one year 1 201
Accounts payable —    
Affiliated 321 364
Other 334 614
Customer deposits 98 96
Accrued taxes —    
Other accrued taxes 102 44
Accrued interest 88 89
Accrued compensation 140 227
Asset retirement obligations 156 163
Operating lease obligations 48  
Other current liabilities 155 161
Total current liabilities 1,395 1,959
Long-term Debt 7,926 7,923
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,117 2,962
Deferred credits related to income taxes 2,006 2,027
Accumulated deferred ITCs 103 106
Employee benefit obligations 309 314
Operating lease obligations, deferred 137  
Asset retirement obligations, deferred 3,389 3,047
Other cost of removal obligations 464 497
Other regulatory liabilities, deferred 69 69
Other deferred credits and liabilities 32 58
Total deferred credits and other liabilities 9,626 9,080
Total Liabilities 18,947 18,962
Redeemable Preferred Stock 291 291
Total stockholders' equity 8,829 7,477
Total Liabilities and Stockholders' Equity 28,067 26,730
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 10 4
Restricted cash and cash equivalents 0 108
Receivables —    
Customer accounts receivable 603 591
Unbilled revenues 267 208
Under recovered fuel clause revenues 69 115
Other accounts and notes receivable 240 80
Accumulated provision for uncollectible accounts (2) (2)
Affiliated 16 39
Joint owner accounts receivable 178 170
Materials and supplies 513 519
Fossil fuel for generation 257 231
Prepaid expenses 68 142
Other regulatory assets 240 199
Other current assets 58 70
Total current assets 2,517 2,474
Property, Plant, and Equipment:    
In service 38,517 37,675
Less: Accumulated depreciation 12,140 12,096
Plant in service, net of depreciation 26,377 25,579
Nuclear fuel, at amortized cost 549 550
Construction work in progress 5,193 4,833
Total property, plant, and equipment 32,119 30,962
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 51 51
Nuclear decommissioning trusts, at fair value 978 873
Miscellaneous property and investments 74 72
Total other property and investments 1,103 996
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,492  
Deferred charges related to income taxes 518 517
Regulatory assets – asset retirement obligations 2,839 2,644
Other regulatory assets, deferred 2,272 2,258
Other deferred charges and assets 379 514
Total deferred charges and other assets 7,500 5,933
Total Assets 43,239 40,365
Current Liabilities:    
Securities due within one year 988 617
Notes payable 555 294
Accounts payable —    
Affiliated 477 575
Other 901 890
Customer deposits 282 276
Accrued taxes —    
Other accrued taxes 238 377
Accrued interest 112 105
Accrued compensation 163 221
Asset retirement obligations 240 202
Other regulatory liabilities 145 169
Operating lease obligations 140  
Other current liabilities 383 183
Total current liabilities 4,484 3,909
Long-term Debt 10,150 9,364
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,212 3,062
Deferred credits related to income taxes 3,078 3,080
Accumulated deferred ITCs 257 262
Employee benefit obligations 550 599
Operating lease obligations, deferred 1,377  
Asset retirement obligations, deferred 5,643 5,627
Other deferred credits and liabilities 172 139
Total deferred credits and other liabilities 14,289 12,769
Total Liabilities 28,923 26,042
Total stockholders' equity 14,316 14,323
Total Liabilities and Stockholders' Equity 43,239 40,365
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 199 293
Receivables —    
Customer accounts receivable 38 34
Unbilled revenues 44 41
Other accounts and notes receivable 38 31
Affiliated 17 21
Materials and supplies 52 53
Fossil fuel for generation 23 20
Other regulatory assets 107 116
Other current assets 13 19
Total current assets 531 628
Property, Plant, and Equipment:    
In service 4,800 4,900
Less: Accumulated depreciation 1,427 1,429
Plant in service, net of depreciation 3,373 3,471
Construction work in progress 113 103
Total property, plant, and equipment 3,486 3,574
Other Property and Investments:    
Total other property and investments 124 24
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 7  
Deferred charges related to income taxes 33 33
Regulatory assets – asset retirement obligations 207 143
Other regulatory assets, deferred 328 332
Other deferred charges and assets 20 2
Accumulated deferred income taxes 145 150
Total deferred charges and other assets 733 660
Total Assets 4,874 4,886
Current Liabilities:    
Securities due within one year 300 40
Accounts payable —    
Affiliated 60 60
Other 49 90
Accrued taxes —    
Other accrued taxes 52 95
Accrued interest 15 15
Accrued compensation 23 38
Asset retirement obligations 27 34
Other regulatory liabilities 20 12
Operating lease obligations 2  
Other current liabilities 52 28
Accrued plant closure costs 24 29
Over recovered regulatory clause liabilities 12 14
Total current liabilities 634 455
Long-term Debt 1,318 1,539
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 366 378
Deferred credits related to income taxes 362 382
Employee benefit obligations 110 115
Operating lease obligations, deferred 5  
Asset retirement obligations, deferred 177 126
Other cost of removal obligations 189 185
Other regulatory liabilities, deferred 79 81
Other deferred credits and liabilities 22 16
Total deferred credits and other liabilities 1,305 1,283
Total Liabilities 3,257 3,277
Total stockholders' equity 1,617 1,609
Total Liabilities and Stockholders' Equity 4,874 4,886
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 370 181
Receivables —    
Customer accounts receivable 153 111
Other accounts and notes receivable 59 116
Affiliated 49 55
Materials and supplies 185 220
Other current assets 33 37
Prepaid income taxes 489 25
Total current assets 1,338 745
Property, Plant, and Equipment:    
In service 12,862 13,271
Less: Accumulated depreciation 2,255 2,171
Plant in service, net of depreciation 10,607 11,100
Construction work in progress 419 430
Total property, plant, and equipment 11,026 11,530
Other Property and Investments:    
Miscellaneous property and investments 144 0
Intangible assets, net of amortization 313 345
Total other property and investments 457 345
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 370  
Assets held for sale, deferred 599 576
Other deferred charges and assets 289 373
Prepaid LTSAs 107 98
Accumulated deferred income taxes 296 1,186
Income taxes receivable, non-current 36 30
Total deferred charges and other assets 1,697 2,263
Total Assets 14,518 14,883
Current Liabilities:    
Securities due within one year 899 599
Notes payable 0 100
Accounts payable —    
Affiliated 72 92
Other 60 77
Accrued taxes —    
Accrued income taxes 23 6
Accrued interest 23 36
Liabilities held for sale 10 15
Operating lease obligations 22  
Other current liabilities 116 106
Total current liabilities 1,203 1,031
Long-term Debt 4,112 4,418
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 106 105
Accumulated deferred ITCs 1,737 1,832
Operating lease obligations, deferred 373  
Other deferred credits and liabilities 169 213
Total deferred credits and other liabilities 2,385 2,150
Total Liabilities 7,700 7,599
Total stockholders' equity 6,818 7,284
Total Liabilities and Stockholders' Equity 14,518 14,883
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 56 64
Receivables —    
Customer accounts receivable 281 370
Energy marketing receivables 361 801
Unbilled revenues 63 213
Other accounts and notes receivable 100 142
Accumulated provision for uncollectible accounts (31) (30)
Affiliated 10 11
Natural gas for sale 268 524
Prepaid expenses 120 118
Assets from risk management activities, net of collateral 101 219
Other regulatory assets 56 73
Other current assets 44 50
Total current assets 1,429 2,555
Property, Plant, and Equipment:    
In service 15,680 15,177
Less: Accumulated depreciation 4,522 4,400
Plant in service, net of depreciation 11,158 10,777
Construction work in progress 628 580
Total property, plant, and equipment 11,786 11,357
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,509 1,538
Other intangible assets, net of amortization 85 101
Miscellaneous property and investments 20 20
Total other property and investments 6,629 6,674
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 95  
Other regulatory assets, deferred 636 669
Other deferred charges and assets 186 193
Total deferred charges and other assets 917 862
Total Assets 20,761 21,448
Current Liabilities:    
Securities due within one year 351 357
Notes payable 492 650
Energy marketing trade payables 393 856
Accounts payable —    
Affiliated 38 45
Other 294 402
Customer deposits 92 133
Accrued taxes —    
Accrued income taxes 17 66
Other accrued taxes 70 75
Accrued interest 57 55
Accrued compensation 64 100
Other regulatory liabilities 97 79
Operating lease obligations 15  
Other current liabilities 124 130
Liabilities from risk management activities, net of collateral 22 76
Total current liabilities 2,111 3,024
Long-term Debt 5,565 5,583
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,088 1,016
Deferred credits related to income taxes 910 940
Employee benefit obligations 354 357
Operating lease obligations, deferred 79  
Accrued environmental remediation 247 268
Other cost of removal obligations 1,598 1,585
Other deferred credits and liabilities 50 105
Total deferred credits and other liabilities 4,326 4,271
Total Liabilities 12,002 12,878
Total stockholders' equity 8,759 8,570
Total Liabilities and Stockholders' Equity $ 20,761 $ 21,448