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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues:        
Operating revenues $ 4,620 $ 5,098 $ 9,638 $ 10,510
Operating Expenses:        
Total cost of sales 144 191 583 877
Other operations and maintenance 1,203 1,320 2,498 2,634
Depreciation and amortization 873 755 1,730 1,506
Taxes other than income taxes 298 299 629 628
Estimated loss on Plant Vogtle Units 3 and 4 149 0 149 0
(Gain) loss on dispositions, net 0 (8) (39) (2,506)
Total operating expenses 3,562 3,756 7,317 5,477
Operating Income 1,058 1,342 2,321 5,033
Other Income and (Expense):        
Allowance for equity funds used during construction 35 31 68 63
Earnings from equity method investments 30 33 72 81
Interest expense, net of amounts capitalized (444) (429) (900) (859)
Impairment of leveraged lease (154) 0 (154) 0
Other income (expense), net 101 99 204 176
Total other income and (expense) (432) (266) (710) (539)
Earnings Before Income Taxes 626 1,076 1,611 4,494
Income taxes (benefit) 5 145 150 1,505
Consolidated Net Income 621 931 1,461 2,989
Dividends on preferred stock of subsidiaries 4 3 7 7
Net income (loss) attributable to noncontrolling interests 5 29 (26) 0
Net Income $ 612 $ 899 $ 1,480 $ 2,982
Earnings per share -        
Basic (in dollars per share) $ 0.58 $ 0.86 $ 1.40 $ 2.86
Diluted (in dollars per share) $ 0.58 $ 0.85 $ 1.39 $ 2.84
Average number of shares of common stock outstanding (in millions)        
Basic (in shares) 1,058 1,044 1,057 1,041
Diluted (in shares) 1,063 1,052 1,065 1,049
Retail electric revenues        
Operating Revenues:        
Operating revenues $ 3,182 $ 3,540 $ 6,260 $ 6,623
Wholesale electric revenues        
Operating Revenues:        
Operating revenues 472 542 889 1,041
Other electric revenues        
Operating Revenues:        
Operating revenues 168 161 320 331
Natural gas        
Operating Revenues:        
Operating revenues 636 689 1,885 2,163
Operating Expenses:        
Total cost of sales 144 191 583 877
Other        
Operating Revenues:        
Operating revenues 162 166 284 352
Operating Expenses:        
Total cost of sales 74 84 129 203
Fuel        
Operating Expenses:        
Total cost of sales 621 914 1,257 1,764
Purchased power        
Operating Expenses:        
Total cost of sales 200 201 381 371
Alternative revenue programs        
Operating Revenues:        
Operating revenues (2) 1 7 0
ALABAMA POWER CO        
Operating Revenues:        
Operating revenues 1,365 1,513 2,716 2,921
Operating Expenses:        
Other operations and maintenance 342 402 690 812
Depreciation and amortization 202 200 402 399
Taxes other than income taxes 102 98 208 200
Total operating expenses 924 1,068 1,853 2,138
Operating Income 441 445 863 783
Other Income and (Expense):        
Allowance for equity funds used during construction 11 14 22 28
Interest expense, net of amounts capitalized (83) (82) (171) (165)
Other income (expense), net 26 11 48 25
Total other income and (expense) (46) (57) (101) (112)
Earnings Before Income Taxes 395 388 762 671
Income taxes (benefit) 93 89 177 151
Consolidated Net Income 302 299 585 520
Dividends on preferred stock of subsidiaries 4 3 7 7
Net Income 298 296 578 513
ALABAMA POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 1,223 1,378 2,427 2,592
ALABAMA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 54 62 111 123
ALABAMA POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 7 4 26 63
ALABAMA POWER CO | Other        
Operating Revenues:        
Operating revenues 81 69 152 143
ALABAMA POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 199 252 415 553
ALABAMA POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 49 47 89 84
ALABAMA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales 30 69 49 90
GEORGIA POWER CO        
Operating Revenues:        
Operating revenues 1,928 2,117 3,754 3,951
Operating Expenses:        
Other operations and maintenance 463 463 928 913
Depreciation and amortization 354 244 707 483
Taxes other than income taxes 108 115 221 220
Estimated loss on Plant Vogtle Units 3 and 4 149 0 149 0
Total operating expenses 1,555 1,470 2,976 2,857
Operating Income 373 647 778 1,094
Other Income and (Expense):        
Allowance for equity funds used during construction     40 31
Interest expense, net of amounts capitalized (105) (105) (216) (201)
Other income (expense), net 51 35 103 77
Total other income and (expense) (54) (70) (113) (124)
Earnings Before Income Taxes 319 577 665 970
Income taxes (benefit) 11 129 27 211
Consolidated Net Income 308 448 638 759
GEORGIA POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 1,760 1,946 3,435 3,614
GEORGIA POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 25 36 51 67
GEORGIA POWER CO | Other        
Operating Revenues:        
Operating revenues 143 135 268 270
GEORGIA POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 226 390 458 689
GEORGIA POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 133 124 262 242
GEORGIA POWER CO | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales 122 134 251 310
MISSISSIPPI POWER CO        
Operating Revenues:        
Operating revenues 283 313 559 600
Operating Expenses:        
Other operations and maintenance 67 72 142 133
Depreciation and amortization 46 48 88 95
Taxes other than income taxes 30 28 59 55
Total operating expenses 233 259 463 490
Operating Income 50 54 96 110
Other Income and (Expense):        
Interest expense, net of amounts capitalized (15) (17) (31) (35)
Other income (expense), net 6 5 14 11
Total other income and (expense) (9) (12) (17) (24)
Earnings Before Income Taxes 41 42 79 86
Income taxes (benefit) 2 5 8 12
Consolidated Net Income 39 37 71 74
MISSISSIPPI POWER CO | Retail electric revenues        
Operating Revenues:        
Operating revenues 199 215 398 418
MISSISSIPPI POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 52 57 103 114
MISSISSIPPI POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 25 37 47 58
MISSISSIPPI POWER CO | Other        
Operating Revenues:        
Operating revenues 7 4 11 10
MISSISSIPPI POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 83 105 162 198
MISSISSIPPI POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 7 6 12 9
SOUTHERN POWER CO        
Operating Revenues:        
Operating revenues 439 510 814 953
Operating Expenses:        
Other operations and maintenance 77 79 156 166
Depreciation and amortization 121 119 239 237
Taxes other than income taxes 10 11 19 21
(Gain) loss on dispositions, net 0 (23) (39) (23)
Total operating expenses 328 357 616 740
Operating Income 111 153 198 213
Other Income and (Expense):        
Interest expense, net of amounts capitalized (38) (41) (77) (84)
Other income (expense), net 1 40 4 41
Total other income and (expense) (37) (1) (73) (43)
Earnings Before Income Taxes 74 152 125 170
Income taxes (benefit) 6 (51) 13 (60)
Consolidated Net Income 68 203 112 230
Net income (loss) attributable to noncontrolling interests 5 29 (26) 0
Net Income 63 174 138 230
SOUTHERN POWER CO | Wholesale electric revenues        
Operating Revenues:        
Operating revenues 343 390 629 743
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Operating revenues 92 117 178 204
SOUTHERN POWER CO | Other        
Operating Revenues:        
Operating revenues 4 3 7 6
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 102 139 209 284
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales 18 32 32 55
SOUTHERN Co GAS        
Operating Revenues:        
Operating revenues 636 689 1,885 2,163
Operating Expenses:        
Other operations and maintenance 220 199 479 433
Depreciation and amortization 123 119 243 238
Taxes other than income taxes 47 46 118 128
Total operating expenses 534 555 1,423 1,676
Operating Income 102 134 462 487
Other Income and (Expense):        
Earnings from equity method investments 30 31 72 80
Interest expense, net of amounts capitalized (57) (59) (114) (118)
Other income (expense), net 12 6 21 10
Total other income and (expense) (15) (22) (21) (28)
Earnings Before Income Taxes 87 112 441 459
Income taxes (benefit) 16 6 95 83
Consolidated Net Income 71 106 346 376
Net Income 71 106 346 376
SOUTHERN Co GAS | Natural gas        
Operating Revenues:        
Operating revenues 638 688 1,878 2,163
Operating Expenses:        
Total cost of sales 144 191 583 877
SOUTHERN Co GAS | Alternative revenue programs        
Operating Revenues:        
Operating revenues $ (2) $ 1 $ 7 $ 0