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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,770 $ 1,065
Receivables —    
Customer accounts 1,716 1,753
Energy marketing 412 516
Unbilled revenues 544 672
Other accounts and notes 478 512
Accumulated provision for uncollectible accounts (124) (118)
Materials and supplies 1,504 1,478
Fossil fuel for generation 494 550
Natural gas for sale 197 460
Prepaid expenses 657 276
Assets from risk management activities, net of collateral 100 147
Regulatory assets – asset retirement obligations 214 214
Natural gas cost under recovery 487 0
Other regulatory assets 788 810
Other current assets 232 282
Total current assets 9,469 8,617
Property, Plant, and Equipment:    
In service 111,579 110,516
Less: Accumulated depreciation 32,887 32,397
Plant in service, net of depreciation 78,692 78,119
Nuclear fuel, at amortized cost 820 818
Construction work in progress 9,525 8,697
Total property, plant, and equipment 89,037 87,634
Other Property and Investments:    
Goodwill 5,280 5,280
Nuclear decommissioning trusts, at fair value 2,346 2,303
Equity investments in unconsolidated subsidiaries 1,368 1,362
Other intangible assets, net of amortization 477 487
Leveraged leases 562 556
Miscellaneous property and investments 463 398
Total other property and investments 10,496 10,386
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,821 1,802
Deferred charges related to income taxes 803 796
Unamortized loss on reacquired debt 274 280
Regulatory assets – asset retirement obligations, deferred 4,966 4,934
Other regulatory assets, deferred 7,263 7,198
Other deferred charges and assets 1,264 1,288
Total deferred charges and other assets 16,391 16,298
Total Assets 125,393 122,935
Current Liabilities:    
Securities due within one year 3,535 3,507
Notes payable 1,092 609
Energy marketing trade payables 475 494
Accounts payable —    
Accounts payable 2,058 2,312
Customer deposits 470 487
Accrued taxes —    
Accrued income taxes 71 130
Other accrued taxes 412 699
Accrued interest 423 513
Accrued compensation 584 1,025
Asset retirement obligations 642 585
Operating lease obligations 244 241
Other regulatory liabilities 462 509
Other current liabilities 1,118 968
Total current liabilities 11,586 12,079
Long-term Debt 46,727 45,073
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 8,839 8,175
Deferred credits related to income taxes 5,676 5,767
Accumulated deferred ITCs 2,214 2,235
Employee benefit obligations 2,091 2,213
Operating lease obligations, deferred 1,652 1,611
Asset retirement obligations, deferred 10,043 10,099
Accrued environmental remediation 208 216
Other cost of removal obligations 2,215 2,211
Other regulatory liabilities, deferred 226 251
Other deferred credits and liabilities 557 480
Total deferred credits and other liabilities 33,721 33,258
Total Liabilities 92,034 90,410
Redeemable Preferred Stock of Subsidiaries 291 291
Common Stockholder's Equity (See accompanying statements) 33,068 32,234
Total Liabilities and Stockholders' Equity 125,393 122,935
ALABAMA POWER CO    
Current Assets:    
Cash and cash equivalents 619 530
Receivables —    
Customer accounts 394 429
Unbilled revenues 124 152
Affiliated 35 31
Other accounts and notes 71 66
Accumulated provision for uncollectible accounts (33) (43)
Materials and supplies 550 546
Fossil fuel for generation 197 235
Prepaid expenses 114 42
Other regulatory assets 224 226
Other current assets 43 33
Total current assets 2,338 2,247
Property, Plant, and Equipment:    
In service 32,015 31,816
Less: Accumulated depreciation 10,123 10,009
Plant in service, net of depreciation 21,892 21,807
Nuclear fuel, at amortized cost 268 270
Construction work in progress 1,052 866
Total property, plant, and equipment 23,212 22,943
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,198 1,157
Equity investments in unconsolidated subsidiaries 63 63
Miscellaneous property and investments 128 131
Total other property and investments 1,389 1,351
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 140 151
Deferred charges related to income taxes 237 235
Regulatory assets – asset retirement obligations, deferred 1,446 1,441
Other regulatory assets, deferred 2,161 2,162
Other deferred charges and assets 282 273
Total deferred charges and other assets 4,266 4,262
Total Assets 31,205 30,803
Current Liabilities:    
Securities due within one year 815 311
Accounts payable —    
Affiliated 220 316
Other 392 545
Customer deposits 105 104
Accrued taxes —    
Accrued taxes 257 152
Accrued interest 75 90
Accrued compensation 113 212
Asset retirement obligations 275 254
Other regulatory liabilities 98 108
Other current liabilities 108 107
Total current liabilities 2,458 2,199
Long-term Debt 8,055 8,558
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,318 3,273
Deferred credits related to income taxes 2,006 2,016
Accumulated deferred ITCs 92 94
Employee benefit obligations 187 214
Operating lease obligations, deferred 112 119
Asset retirement obligations, deferred 3,688 3,720
Other cost of removal obligations 320 335
Other regulatory liabilities, deferred 98 124
Other deferred credits and liabilities 54 50
Total deferred credits and other liabilities 9,875 9,945
Total Liabilities 20,388 20,702
Redeemable Preferred Stock 291 291
Common Stockholder's Equity (See accompanying statements) 10,526 9,810
Total Liabilities and Stockholders' Equity 31,205 30,803
GEORGIA POWER CO    
Current Assets:    
Cash and cash equivalents 29 9
Receivables —    
Customer accounts 532 621
Unbilled revenues 196 233
Joint owner accounts 124 123
Affiliated 22 21
Other accounts and notes 35 67
Accumulated provision for uncollectible accounts (26) (26)
Materials and supplies 610 592
Fossil fuel for generation 268 278
Regulatory assets – storm damage 213 213
Regulatory assets – asset retirement obligations 175 166
Other regulatory assets 250 248
Other current assets 114 143
Total current assets 2,542 2,688
Property, Plant, and Equipment:    
In service 39,857 39,682
Less: Accumulated depreciation 12,421 12,251
Plant in service, net of depreciation 27,436 27,431
Nuclear fuel, at amortized cost 553 548
Construction work in progress 7,394 6,857
Total property, plant, and equipment 35,383 34,836
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,149 1,145
Equity investments in unconsolidated subsidiaries 51 51
Miscellaneous property and investments 66 63
Total other property and investments 1,266 1,259
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,273 1,308
Deferred charges related to income taxes 532 527
Regulatory assets – asset retirement obligations, deferred 3,310 3,291
Other regulatory assets, deferred 2,609 2,692
Other deferred charges and assets 434 479
Total deferred charges and other assets 8,158 8,297
Total Assets 47,349 47,080
Current Liabilities:    
Securities due within one year 87 542
Notes payable 205 60
Accounts payable —    
Affiliated 472 597
Other 732 753
Customer deposits 272 276
Accrued taxes —    
Accrued taxes 239 407
Accrued interest 96 130
Accrued compensation 123 233
Asset retirement obligations 304 287
Operating lease obligations 151 151
Other regulatory liabilities 235 228
Over recovered fuel clause revenues 83 113
Other current liabilities 242 254
Total current liabilities 3,241 4,031
Long-term Debt 13,278 12,428
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,303 3,272
Deferred credits related to income taxes 2,517 2,588
Accumulated deferred ITCs 271 273
Employee benefit obligations 539 586
Operating lease obligations, deferred 1,149 1,156
Asset retirement obligations, deferred 5,971 5,978
Other deferred credits and liabilities 306 267
Total deferred credits and other liabilities 14,056 14,120
Total Liabilities 30,575 30,579
Common Stockholder's Equity (See accompanying statements) 16,774 16,501
Total Liabilities and Stockholders' Equity 47,349 47,080
MISSISSIPPI POWER CO    
Current Assets:    
Cash and cash equivalents 24 39
Receivables —    
Customer accounts 50 34
Unbilled revenues 33 38
Affiliated 17 32
Other accounts and notes 29 32
Materials and supplies 67 65
Fossil fuel for generation 17 24
Other regulatory assets 49 60
Other current assets 20 20
Total current assets 306 344
Property, Plant, and Equipment:    
In service 5,037 5,011
Less: Accumulated depreciation 1,579 1,545
Plant in service, net of depreciation 3,458 3,466
Construction work in progress 163 146
Total property, plant, and equipment 3,621 3,612
Other Property and Investments:    
Total other property and investments 149 151
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 32 32
Regulatory assets – asset retirement obligations, deferred 211 201
Other regulatory assets, deferred 386 388
Accumulated deferred income taxes 126 129
Other deferred charges and assets 64 55
Total deferred charges and other assets 819 805
Total Assets 4,895 4,912
Current Liabilities:    
Securities due within one year 421 406
Notes payable 54 25
Accounts payable —    
Affiliated 50 63
Other 84 109
Accrued taxes —    
Accrued taxes 39 114
Accrued interest 14 15
Accrued compensation 18 34
Asset retirement obligations 40 27
Other regulatory liabilities 36 49
Over recovered fuel clause revenues 26 34
Other current liabilities 38 40
Total current liabilities 820 916
Long-term Debt 996 1,013
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 463 447
Deferred credits related to income taxes 285 287
Employee benefit obligations 107 113
Asset retirement obligations, deferred 134 150
Other cost of removal obligations 194 194
Other regulatory liabilities, deferred 14 15
Other deferred credits and liabilities 34 35
Total deferred credits and other liabilities 1,231 1,241
Total Liabilities 3,047 3,170
Common Stockholder's Equity (See accompanying statements) 1,848 1,742
Total Liabilities and Stockholders' Equity 4,895 4,912
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 314 182
Receivables —    
Customer accounts 123 125
Affiliated 17 37
Other accounts and notes 18 27
Materials and supplies 157 157
Prepaid income taxes 368 11
Other current assets 31 36
Total current assets 1,028 575
Property, Plant, and Equipment:    
In service 14,313 13,904
Less: Accumulated depreciation 2,916 2,842
Plant in service, net of depreciation 11,397 11,062
Construction work in progress 219 127
Total property, plant, and equipment 11,616 11,189
Other Property and Investments:    
Intangible assets, net of amortization 297 302
Equity investments in unconsolidated subsidiaries 84 19
Miscellaneous property and investments 84 19
Total other property and investments 381 321
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 478 415
Prepaid LTSAs 178 155
Accumulated deferred income taxes 0 262
Income taxes receivable, non-current 28 25
Other deferred charges and assets 286 293
Total deferred charges and other assets 970 1,150
Total Assets 13,995 13,235
Current Liabilities:    
Securities due within one year 300 299
Notes payable 315 175
Accounts payable —    
Affiliated 44 65
Other 127 92
Accrued taxes —    
Accrued income taxes 10 8
Other accrued taxes 15 22
Accrued interest 35 32
Other current liabilities 132 132
Total current liabilities 978 825
Long-term Debt 3,730 3,393
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 230 123
Accumulated deferred ITCs 1,658 1,672
Operating lease obligations, deferred 487 426
Other deferred credits and liabilities 168 165
Total deferred credits and other liabilities 2,543 2,386
Total Liabilities 7,251 6,604
Common Stockholder's Equity (See accompanying statements) 6,744 6,631
Total Liabilities and Stockholders' Equity 13,995 13,235
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 309 17
Receivables —    
Customer accounts 452 353
Energy marketing 412 516
Unbilled revenues 161 219
Affiliated 2 4
Other accounts and notes 43 51
Accumulated provision for uncollectible accounts (51) (40)
Natural gas for sale 197 460
Prepaid expenses 97 48
Assets from risk management activities, net of collateral 68 118
Natural gas cost under recovery 487 0
Other regulatory assets 84 102
Other current assets 39 38
Total current assets 2,300 1,886
Property, Plant, and Equipment:    
In service 17,866 17,611
Less: Accumulated depreciation 4,893 4,821
Plant in service, net of depreciation 12,973 12,790
Construction work in progress 636 648
Total property, plant, and equipment 13,609 13,438
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,290 1,290
Other intangible assets, net of amortization 47 51
Miscellaneous property and investments 20 19
Total other property and investments 6,372 6,375
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 80 81
Other regulatory assets, deferred 786 615
Other deferred charges and assets 230 235
Total deferred charges and other assets 1,096 931
Total Assets 23,377 22,630
Current Liabilities:    
Securities due within one year 302 333
Notes payable 497 324
Energy marketing trade payables 475 494
Accounts payable —    
Affiliated 49 56
Other 346 373
Customer deposits 76 90
Accrued taxes —    
Accrued taxes 94 83
Accrued interest 68 58
Accrued compensation 107 106
Other regulatory liabilities 92 122
Temporary LIFO liquidation 194 0
Other current liabilities 166 150
Total current liabilities 2,466 2,189
Long-term Debt 6,286 6,293
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,427 1,265
Deferred credits related to income taxes 839 847
Employee benefit obligations 273 283
Operating lease obligations, deferred 65 67
Accrued environmental remediation 208 216
Other cost of removal obligations 1,668 1,649
Other deferred credits and liabilities 51 54
Total deferred credits and other liabilities 4,531 4,381
Total Liabilities 13,283 12,863
Common Stockholder's Equity (See accompanying statements) 10,094 9,767
Total Liabilities and Stockholders' Equity $ 23,377 $ 22,630