XML 142 R114.htm IDEA: XBRL DOCUMENT v3.23.2
Derivatives - Narrative (Details)
MMBTU in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
MMBTU
Jun. 30, 2022
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2022
USD ($)
Derivative [Line Items]            
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     11      
Collateral already posted, assets, aggregate fair value $ 52,000,000   $ 52,000,000      
Derivatives 693,000,000   693,000,000     $ 617,000,000
Gain (Loss) Recognized in OCI on Derivatives 36,000,000 $ (61,000,000) (50,000,000) $ (34,000,000)    
Scenario, Forecast            
Derivative [Line Items]            
Energy-related derivative hedge gain (loss) to be reclassified within twelve months         $ 33,000,000  
Interest rate derivatives            
Derivative [Line Items]            
Derivatives 65,000,000   65,000,000      
Interest rate derivatives | Scenario, Forecast            
Derivative [Line Items]            
Cash flow hedge gain (loss) to be reclassified within twelve months         (15,000,000)  
Interest rate derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives 3,000,000 21,000,000 (10,000,000) 30,000,000    
Energy-related derivatives | Not Designated as Hedging Instrument [Member]            
Derivative [Line Items]            
Derivative instruments not designated as hedging instruments, gain (loss), net 16,000,000 (40,000,000) 29,000,000 (18,000,000)    
Energy-related derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives (5,000,000) (1,000,000) $ (50,000,000) 41,000,000    
SOUTHERN POWER CO            
Derivative [Line Items]            
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     3      
Foreign currency cash flow hedge gain (loss to be reclassified 11,000,000   $ 11,000,000      
Collateral already posted, assets, aggregate fair value 15,000,000   15,000,000      
Derivatives 37,000,000   37,000,000     59,000,000
Gain (Loss) Recognized in OCI on Derivatives 6,000,000 (72,000,000) (4,000,000) (95,000,000)    
SOUTHERN POWER CO | Scenario, Forecast            
Derivative [Line Items]            
Energy-related derivative hedge gain (loss) to be reclassified within twelve months         9,000,000  
SOUTHERN POWER CO | Interest rate derivatives            
Derivative [Line Items]            
Derivatives 13,000,000   13,000,000      
SOUTHERN POWER CO | Interest rate derivatives | Scenario, Forecast            
Derivative [Line Items]            
Cash flow hedge gain (loss) to be reclassified within twelve months         0  
SOUTHERN POWER CO | Energy-related derivatives | Not Designated as Hedging Instrument [Member]            
Derivative [Line Items]            
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 0 0    
SOUTHERN POWER CO | Energy-related derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives (2,000,000) 2,000,000 (13,000,000) 7,000,000    
SOUTHERN Co GAS            
Derivative [Line Items]            
Collateral already posted, assets, aggregate fair value 52,000,000   52,000,000     41,000,000
Derivatives 110,000,000   110,000,000     110,000,000
Gain (Loss) Recognized in OCI on Derivatives 0 (7,000,000) (33,000,000) 30,000,000    
SOUTHERN Co GAS | Scenario, Forecast            
Derivative [Line Items]            
Energy-related derivative hedge gain (loss) to be reclassified within twelve months         24,000,000  
SOUTHERN Co GAS | Interest rate derivatives | Scenario, Forecast            
Derivative [Line Items]            
Cash flow hedge gain (loss) to be reclassified within twelve months         0  
SOUTHERN Co GAS | Interest rate derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives 3,000,000 (5,000,000) 4,000,000 (5,000,000)    
SOUTHERN Co GAS | Energy-related derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives (3,000,000) (2,000,000) $ (37,000,000) 35,000,000    
ALABAMA POWER CO            
Derivative [Line Items]            
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     3      
Collateral already posted, assets, aggregate fair value 0   $ 0      
Derivatives 64,000,000   64,000,000     15,000,000
ALABAMA POWER CO | Interest rate derivatives | Scenario, Forecast            
Derivative [Line Items]            
Cash flow hedge gain (loss) to be reclassified within twelve months         0  
ALABAMA POWER CO | Energy-related derivatives | Not Designated as Hedging Instrument [Member]            
Derivative [Line Items]            
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 0 0    
ALABAMA POWER CO | Energy-related derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives 0 0 $ 0 0    
GEORGIA POWER CO            
Derivative [Line Items]            
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     4      
Derivatives 90,000,000   $ 90,000,000     41,000,000
GEORGIA POWER CO | Interest rate derivatives | Scenario, Forecast            
Derivative [Line Items]            
Cash flow hedge gain (loss) to be reclassified within twelve months         0  
GEORGIA POWER CO | Interest rate derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives (1,000,000) 19,000,000 (3,000,000) 31,000,000    
GEORGIA POWER CO | Energy-related derivatives | Not Designated as Hedging Instrument [Member]            
Derivative [Line Items]            
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 $ 0 0    
MISSISSIPPI POWER CO            
Derivative [Line Items]            
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     1      
Derivatives 36,000,000   $ 36,000,000     $ 15,000,000
MISSISSIPPI POWER CO | Interest rate derivatives | Scenario, Forecast            
Derivative [Line Items]            
Cash flow hedge gain (loss) to be reclassified within twelve months         $ 0  
MISSISSIPPI POWER CO | Energy-related derivatives | Not Designated as Hedging Instrument [Member]            
Derivative [Line Items]            
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 0 0    
MISSISSIPPI POWER CO | Energy-related derivatives | Cash Flow Hedging            
Derivative [Line Items]            
Gain (Loss) Recognized in OCI on Derivatives 0 $ 0 0 $ 0    
Registrants | Derivative Counterparties            
Derivative [Line Items]            
Collateral already posted, assets, aggregate fair value $ 0   $ 0