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Condensed Statements of Income (Unaudited) - MPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues:        
Total operating revenues $ 5,748 $ 7,206 $ 12,228 $ 13,854
Operating Expenses:        
Other operations and maintenance 1,489 1,548 2,929 3,042
Depreciation and amortization 1,112 913 2,222 1,805
Taxes other than income taxes 340 349 734 721
Total operating expenses 4,458 5,551 9,719 10,815
Operating Income 1,290 1,655 2,509 3,039
Other Income and (Expense):        
Interest expense, net of amounts capitalized (610) (488) (1,192) (950)
Other income (expense), net 142 139 286 283
Total other income and (expense) (369) (262) (693) (483)
Earnings Before Income Taxes 921 1,393 1,816 2,556
Income taxes (benefit) 98 304 194 477
Net Income 823 1,089 1,622 2,079
Retail electric revenues        
Operating Revenues:        
Total operating revenues 3,859 4,789 7,458 8,402
Wholesale electric revenues        
Operating Revenues:        
Total operating revenues 605 937 1,203 1,601
Other electric revenues        
Operating Revenues:        
Total operating revenues 209 192 399 370
Natural Gas        
Operating Revenues:        
Total operating revenues 852 1,083 2,728 3,140
Other revenues        
Operating Revenues:        
Total operating revenues 223 205 440 341
Operating Expenses:        
Total cost of sales 128 114 255 183
Mississippi Power        
Operating Revenues:        
Total operating revenues 311 434 702 769
Operating Expenses:        
Other operations and maintenance 91 91 175 167
Depreciation and amortization 45 45 92 90
Taxes other than income taxes 28 32 60 61
Total operating expenses 260 375 573 657
Operating Income 51 59 129 112
Other Income and (Expense):        
Interest expense, net of amounts capitalized (18) (14) (34) (27)
Other income (expense), net 11 12 20 22
Total other income and (expense) (7) (2) (14) (5)
Earnings Before Income Taxes 44 57 115 107
Income taxes (benefit) 4 12 17 20
Net Income 40 45 98 87
Mississippi Power | Retail electric revenues        
Operating Revenues:        
Total operating revenues 227 252 464 469
Mississippi Power | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 56 63 124 131
Mississippi Power | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 18 107 93 149
Mississippi Power | Other revenues        
Operating Revenues:        
Total operating revenues 10 12 21 20
Mississippi Power | Fuel and purchased power        
Operating Expenses:        
Total cost of sales $ 96 $ 207 $ 246 $ 339