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Condensed Consolidated Statements of Income (Unaudited) - SPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Total operating revenues $ 7,206 $ 5,198 $ 13,854 $ 11,108
Operating Expenses:        
Other operations and maintenance 1,558 1,438 3,075 2,810
Depreciation and amortization 913 891 1,805 1,762
Taxes other than income taxes 349 313 721 657
Gain on dispositions, net (10) (11) (33) (54)
Total operating expenses 5,551 4,490 10,815 8,802
Operating Income 1,655 708 3,039 2,306
Other Income and (Expense):        
Interest expense, net of amounts capitalized (488) (450) (950) (901)
Other income (expense), net 139 101 283 160
Total other income and (expense) (262) (344) (483) (646)
Earnings (Loss) Before Income Taxes 1,393 364 2,556 1,660
Income taxes (benefit) 304 (12) 477 178
Consolidated Net Income 1,089 376 2,079 1,482
Net loss attributable to noncontrolling interests (22) 0 (67) (33)
Net Income 1,107 372 2,139 1,508
Retail electric revenues        
Operating Revenues:        
Total operating revenues 4,789 3,599 8,402 6,941
Wholesale Electric        
Operating Revenues:        
Total operating revenues 937 546 1,601 1,091
Other electric revenues        
Operating Revenues:        
Total operating revenues 192 175 370 346
Natural Gas        
Operating Revenues:        
Total operating revenues 1,083 677 3,140 2,371
Other revenues        
Operating Revenues:        
Total operating revenues 205 201 341 359
Operating Expenses:        
Total cost of sales 114 103 183 185
Fuel        
Operating Expenses:        
Total cost of sales 1,715 848 2,826 1,696
Purchased power        
Operating Expenses:        
Total cost of sales 408 217 640 424
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 899 490 1,438 930
Operating Expenses:        
Other operations and maintenance 115 111 220 211
Depreciation and amortization 131 132 251 251
Taxes other than income taxes 12 12 25 24
Gain on dispositions, net 0 0 (2) (39)
Total operating expenses 763 420 1,252 774
Operating Income 136 70 186 156
Other Income and (Expense):        
Interest expense, net of amounts capitalized (36) (37) (73) (75)
Other income (expense), net 1 1 3 8
Total other income and (expense) (35) (36) (70) (67)
Earnings (Loss) Before Income Taxes 101 34 116 89
Income taxes (benefit) 25 (2) 13 (11)
Consolidated Net Income 76 36 103 100
Net loss attributable to noncontrolling interests (22) 0 (67) (33)
Net Income 98 36 170 133
SOUTHERN POWER CO | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 658 373 1,084 728
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 232 112 337 193
SOUTHERN POWER CO | Other revenues        
Operating Revenues:        
Total operating revenues 9 5 17 9
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 437 140 669 281
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales $ 68 $ 25 $ 89 $ 46