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Condensed Balance Sheets (Unaudited) - MPC - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,724 $ 1,798
Receivables —    
Customer accounts 2,277 1,806
Unbilled revenues 807 711
Other accounts and notes 534 523
Fossil fuel for generation 431 450
Materials and supplies 1,641 1,543
Assets from risk management activities 247 151
Other regulatory assets 641 653
Other current assets 212 231
Total current assets 9,781 8,965
Property, Plant, and Equipment:    
In service 117,418 115,592
Less: Accumulated depreciation 35,203 34,079
Plant in service, net of depreciation 82,215 81,513
Construction work in progress 9,770 8,771
Total property, plant, and equipment 92,822 91,108
Other Property and Investments:    
Total other property and investments 9,736 10,202
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 843 824
Regulatory assets – asset retirement obligations, deferred 5,982 5,466
Other regulatory assets, deferred 5,448 5,577
Other deferred charges and assets 2,393 1,776
Total deferred charges and other assets 18,430 17,259
Total Assets 130,769 127,534
Current Liabilities:    
Securities due within one year 1,052 2,157
Notes payable 2,510 1,440
Accounts payable —    
Accrued compensation 807 1,070
Asset retirement obligations 693 697
Other regulatory liabilities 557 563
Other current liabilities 1,062 872
Total current liabilities 11,487 10,921
Long-term Debt 51,204 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 9,620 8,862
Deferred credits related to income taxes 5,318 5,401
Employee benefit obligations 1,509 1,550
Asset retirement obligations, deferred 11,010 10,990
Other cost of removal obligations 1,993 2,103
Other regulatory liabilities, deferred 536 485
Other deferred credits and liabilities 1,198 816
Total deferred credits and other liabilities 34,823 33,926
Total Liabilities 97,514 94,967
Total Liabilities and Stockholders' Equity 130,769 127,534
Mississippi Power    
Current Assets:    
Cash and cash equivalents 22 61
Receivables —    
Customer accounts 89 37
Unbilled revenues 44 34
Affiliated 76 29
Other accounts and notes 37 28
Fossil fuel for generation 33 28
Materials and supplies 76 70
Assets from risk management activities 62 28
Other regulatory assets 62 54
Other current assets 15 13
Total current assets 516 382
Property, Plant, and Equipment:    
In service 5,197 5,106
Less: Accumulated depreciation 1,648 1,591
Plant in service, net of depreciation 3,549 3,515
Construction work in progress 127 127
Total property, plant, and equipment 3,676 3,642
Other Property and Investments:    
Total other property and investments 175 179
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 30 31
Prepaid pension costs 91 79
Regulatory assets – asset retirement obligations, deferred 236 232
Other regulatory assets, deferred 286 317
Accumulated deferred income taxes 112 118
Other deferred charges and assets 129 100
Total deferred charges and other assets 884 877
Total Assets 5,251 5,080
Current Liabilities:    
Securities due within one year 1 1
Notes payable 16 0
Accounts payable —    
Affiliated 129 81
Other 62 47
Accrued taxes 83 120
Accrued compensation 28 36
Asset retirement obligations 24 30
Other regulatory liabilities 92 59
Other current liabilities 96 65
Total current liabilities 531 439
Long-term Debt 1,510 1,510
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 466 464
Deferred credits related to income taxes 265 269
Employee benefit obligations 88 88
Asset retirement obligations, deferred 162 160
Other cost of removal obligations 193 195
Other regulatory liabilities, deferred 91 64
Other deferred credits and liabilities 24 24
Total deferred credits and other liabilities 1,289 1,264
Total Liabilities 3,330 3,213
Total common stockholders' equity 1,921 1,867
Total Liabilities and Stockholders' Equity $ 5,251 $ 5,080