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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 2,931 $ 1,396
Receivables —    
Customer accounts receivable 1,812 1,726
Energy marketing receivables 336 801
Unbilled revenues 591 654
Under recovered fuel clause revenues 0 115
Other accounts and notes receivable 693 813
Accumulated provision for uncollectible accounts (47) (50)
Materials and supplies 1,412 1,465
Fossil fuel for generation 437 405
Natural gas for sale 475 524
Prepaid expenses 279 432
Assets from risk management activities, net of collateral 116 222
Other regulatory assets 657 525
Assets held for sale 17 393
Other current assets 208 162
Total current assets 9,917 9,583
Property, Plant, and Equipment:    
In service 103,529 103,706
Less: Accumulated depreciation 30,469 31,038
Plant in service, net of depreciation 73,060 72,668
Nuclear fuel, at amortized cost 849 875
Construction work in progress 7,804 7,254
Total property, plant, and equipment 81,713 80,797
Other Property and Investments:    
Goodwill 5,280 5,315
Equity investments in unconsolidated subsidiaries 1,540 1,580
Other intangible assets, net of amortization 550 613
Nuclear decommissioning trusts, at fair value 1,965 1,721
Leveraged leases 799 798
Miscellaneous property and investments 394 269
Total other property and investments 10,528 10,296
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,818  
Deferred charges related to income taxes 796 794
Unamortized loss on reacquired debt 307 323
Regulatory assets – asset retirement obligations 4,436 2,933
Other regulatory assets, deferred 6,289 5,375
Assets held for sale, deferred 631 5,350
Other deferred charges and assets 1,156 1,463
Total deferred charges and other assets 15,433 16,238
Total Assets 117,591 116,914
Current Liabilities:    
Securities due within one year 3,313 3,198
Notes payable 542 2,915
Energy marketing trade payables 368 856
Accounts payable —    
Accounts payable 1,898 2,580
Customer deposits 494 522
Accrued taxes —    
Accrued income taxes 179 21
Other accrued taxes 689 635
Accrued interest 386 472
Accrued compensation 798 1,030
Asset retirement obligations 433 404
Other regulatory liabilities 318 376
Liabilities held for sale 6 425
Operating lease obligations 229  
Other current liabilities 881 852
Total current liabilities 10,534 14,286
Long-term Debt 42,098 40,736
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 7,737 6,558
Deferred credits related to income taxes 6,356 6,460
Accumulated deferred ITCs 2,306 2,372
Employee benefit obligations 1,999 2,147
Operating lease obligations, deferred 1,601  
Asset retirement obligations, deferred 9,527 8,990
Accrued environmental remediation 241 268
Other cost of removal obligations 2,263 2,297
Other regulatory liabilities, deferred 265 169
Liabilities held for sale, deferred 20 2,836
Other deferred credits and liabilities 562 465
Total deferred credits and other liabilities 32,877 32,562
Total Liabilities 85,509 87,584
Redeemable Preferred Stock of Subsidiaries 291 291
Total stockholders' equity 31,791 29,039
Total Liabilities and Stockholders' Equity 117,591 116,914
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 1,337 313
Receivables —    
Customer accounts receivable 501 403
Unbilled revenues 172 150
Other accounts and notes receivable 70 51
Accumulated provision for uncollectible accounts (21) (10)
Affiliated 48 94
Materials and supplies 524 546
Fossil fuel for generation 163 141
Prepaid expenses 64 66
Other regulatory assets 204 137
Other current assets 24 18
Total current assets 3,086 1,909
Property, Plant, and Equipment:    
In service 29,648 30,402
Less: Accumulated depreciation 9,465 9,988
Plant in service, net of depreciation 20,183 20,414
Nuclear fuel, at amortized cost 304 324
Construction work in progress 827 1,113
Total property, plant, and equipment 21,314 21,851
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 64 65
Nuclear decommissioning trusts, at fair value 975 847
Miscellaneous property and investments 127 127
Total other property and investments 1,166 1,039
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 143  
Deferred charges related to income taxes 241 240
Regulatory assets – asset retirement obligations 1,047 147
Other regulatory assets, deferred 1,788 1,240
Other deferred charges and assets 189 188
Deferred under recovered regulatory clause revenues 45 116
Total deferred charges and other assets 3,453 1,931
Total Assets 29,019 26,730
Current Liabilities:    
Securities due within one year 1 201
Accounts payable —    
Affiliated 351 364
Other 317 614
Customer deposits 99 96
Accrued taxes —    
Other accrued taxes 167 44
Accrued interest 74 89
Accrued compensation 171 227
Asset retirement obligations 153 163
Operating lease obligations 49  
Other current liabilities 122 161
Total current liabilities 1,455 1,959
Long-term Debt 8,520 7,923
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,134 2,962
Deferred credits related to income taxes 2,001 2,027
Accumulated deferred ITCs 102 106
Employee benefit obligations 296 314
Operating lease obligations, deferred 109  
Asset retirement obligations, deferred 3,400 3,047
Other cost of removal obligations 441 497
Other regulatory liabilities, deferred 151 69
Other deferred credits and liabilities 33 58
Total deferred credits and other liabilities 9,667 9,080
Total Liabilities 19,642 18,962
Redeemable Preferred Stock 291 291
Total stockholders' equity 9,086 7,477
Total Liabilities and Stockholders' Equity 29,019 26,730
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 449 4
Restricted cash and cash equivalents 0 108
Receivables —    
Customer accounts receivable 767 591
Unbilled revenues 282 208
Under recovered fuel clause revenues 0 115
Other accounts and notes receivable 205 80
Accumulated provision for uncollectible accounts (2) (2)
Affiliated 28 39
Joint owner accounts receivable 152 170
Materials and supplies 499 519
Fossil fuel for generation 244 231
Prepaid expenses 15 142
Other regulatory assets 270 199
Other current assets 101 70
Total current assets 3,010 2,474
Property, Plant, and Equipment:    
In service 37,409 37,675
Less: Accumulated depreciation 11,670 12,096
Plant in service, net of depreciation 25,739 25,579
Nuclear fuel, at amortized cost 544 550
Construction work in progress 5,690 4,833
Total property, plant, and equipment 31,973 30,962
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 51 51
Nuclear decommissioning trusts, at fair value 990 873
Miscellaneous property and investments 68 72
Total other property and investments 1,109 996
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,461  
Deferred charges related to income taxes 520 517
Regulatory assets – asset retirement obligations 3,181 2,644
Other regulatory assets, deferred 2,763 2,258
Other deferred charges and assets 398 514
Total deferred charges and other assets 8,323 5,933
Total Assets 44,415 40,365
Current Liabilities:    
Securities due within one year 1,504 617
Notes payable 250 294
Accounts payable —    
Affiliated 540 575
Other 756 890
Customer deposits 282 276
Accrued taxes —    
Other accrued taxes 498 377
Accrued interest 98 105
Accrued compensation 192 221
Asset retirement obligations 259 202
Other regulatory liabilities 183 169
Operating lease obligations 143 0
Other current liabilities 234 183
Total current liabilities 4,939 3,909
Long-term Debt 10,440 9,364
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,216 3,062
Deferred credits related to income taxes 3,079 3,080
Accumulated deferred ITCs 257 262
Employee benefit obligations 525 599
Operating lease obligations, deferred 1,287  
Asset retirement obligations, deferred 5,680 5,627
Other deferred credits and liabilities 228 139
Total deferred credits and other liabilities 14,272 12,769
Total Liabilities 29,651 26,042
Total stockholders' equity 14,764 14,323
Total Liabilities and Stockholders' Equity 44,415 40,365
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 268 293
Receivables —    
Customer accounts receivable 45 34
Unbilled revenues 44 41
Other accounts and notes receivable 27 31
Affiliated 23 21
Materials and supplies 54 53
Fossil fuel for generation 18 20
Other regulatory assets 102 116
Other current assets 9 19
Total current assets 590 628
Property, Plant, and Equipment:    
In service 4,829 4,900
Less: Accumulated depreciation 1,450 1,429
Plant in service, net of depreciation 3,379 3,471
Construction work in progress 109 103
Total property, plant, and equipment 3,488 3,574
Other Property and Investments:    
Total other property and investments 136 24
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 7  
Deferred charges related to income taxes 32 33
Regulatory assets – asset retirement obligations 208 143
Other regulatory assets, deferred 324 332
Other deferred charges and assets 27 2
Accumulated deferred income taxes 141 150
Total deferred charges and other assets 732 660
Total Assets 4,946 4,886
Current Liabilities:    
Securities due within one year 300 40
Accounts payable —    
Affiliated 63 60
Other 44 90
Accrued taxes —    
Other accrued taxes 82 95
Accrued interest 14 15
Accrued compensation 28 38
Asset retirement obligations 17 34
Other regulatory liabilities 21 12
Operating lease obligations 2  
Other current liabilities 52 28
Accrued plant closure costs 21 29
Over recovered regulatory clause liabilities 21 14
Total current liabilities 663 455
Long-term Debt 1,316 1,539
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 392 378
Deferred credits related to income taxes 357 382
Employee benefit obligations 108 115
Operating lease obligations, deferred 5  
Asset retirement obligations, deferred 178 126
Other cost of removal obligations 189 185
Other regulatory liabilities, deferred 79 81
Other deferred credits and liabilities 25 16
Total deferred credits and other liabilities 1,328 1,283
Total Liabilities 3,307 3,277
Total stockholders' equity 1,639 1,609
Total Liabilities and Stockholders' Equity 4,946 4,886
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 368 181
Receivables —    
Customer accounts receivable 152 111
Other accounts and notes receivable 41 116
Affiliated 49 55
Materials and supplies 190 220
Other current assets 38 37
Prepaid income taxes 296 25
Total current assets 1,134 745
Property, Plant, and Equipment:    
In service 13,072 13,271
Less: Accumulated depreciation 2,374 2,171
Plant in service, net of depreciation 10,698 11,100
Construction work in progress 541 430
Total property, plant, and equipment 11,239 11,530
Other Property and Investments:    
Miscellaneous property and investments 28 0
Intangible assets, net of amortization 326 345
Total other property and investments 354 345
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 368  
Assets held for sale, deferred 600 576
Other deferred charges and assets 207 373
Prepaid LTSAs 145 98
Accumulated deferred income taxes 318 1,186
Income taxes receivable, non-current 32 30
Total deferred charges and other assets 1,670 2,263
Total Assets 14,397 14,883
Current Liabilities:    
Securities due within one year 900 599
Notes payable 0 100
Accounts payable —    
Affiliated 79 92
Other 74 77
Accrued taxes —    
Other accrued taxes 21 6
Accrued interest 31 36
Operating lease obligations 22  
Other current liabilities 133 121
Total current liabilities 1,238 1,031
Long-term Debt 4,060 4,418
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 117 105
Accumulated deferred ITCs 1,745 1,832
Operating lease obligations, deferred 373  
Other deferred credits and liabilities 171 213
Total deferred credits and other liabilities 2,406 2,150
Total Liabilities 7,704 7,599
Total stockholders' equity 6,693 7,284
Total Liabilities and Stockholders' Equity 14,397 14,883
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 59 64
Receivables —    
Customer accounts receivable 186 370
Energy marketing receivables 336 801
Unbilled revenues 55 213
Other accounts and notes receivable 103 142
Accumulated provision for uncollectible accounts (18) (30)
Affiliated 12 11
Natural gas for sale 475 524
Prepaid expenses 86 118
Assets from risk management activities, net of collateral 112 219
Other regulatory assets 82 73
Other current assets 43 50
Total current assets 1,531 2,555
Property, Plant, and Equipment:    
In service 16,058 15,177
Less: Accumulated depreciation 4,590 4,400
Plant in service, net of depreciation 11,468 10,777
Construction work in progress 546 580
Total property, plant, and equipment 12,014 11,357
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,487 1,538
Other intangible assets, net of amortization 78 101
Miscellaneous property and investments 20 20
Total other property and investments 6,600 6,674
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 92  
Other regulatory assets, deferred 621 669
Other deferred charges and assets 189 193
Total deferred charges and other assets 902 862
Total Assets 21,047 21,448
Current Liabilities:    
Securities due within one year 0 357
Notes payable 267 650
Energy marketing trade payables 368 856
Accounts payable —    
Affiliated 42 45
Other 334 402
Customer deposits 96 133
Accrued taxes —    
Accrued income taxes 0 66
Other accrued taxes 72 75
Accrued interest 63 55
Accrued compensation 64 100
Other regulatory liabilities 100 79
Operating lease obligations 14  
Other current liabilities 127 130
Liabilities from risk management activities, net of collateral 50 76
Total current liabilities 1,583 3,024
Long-term Debt 5,755 5,583
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,108 1,016
Deferred credits related to income taxes 890 940
Employee benefit obligations 353 357
Operating lease obligations, deferred 77  
Accrued environmental remediation 241 268
Other cost of removal obligations 1,601 1,585
Other deferred credits and liabilities 46 105
Total deferred credits and other liabilities 4,316 4,271
Total Liabilities 11,654 12,878
Total stockholders' equity 9,393 8,570
Total Liabilities and Stockholders' Equity $ 21,047 $ 21,448