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Condensed Consolidated Statements of Income (Unaudited) - SPC - 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
Net loss attributable to noncontrolling interests (15) (22) (78) (67)
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
Fuel        
Operating Expenses:        
Total cost of sales 959 1,715 2,009 2,826
Purchased power        
Operating Expenses:        
Total cost of sales 231 408 473 640
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 525 899 1,033 1,438
Operating Expenses:        
Other operations and maintenance 117 115 224 220
Depreciation and amortization 122 131 250 251
Taxes other than income taxes 12 12 25 25
Gain on dispositions, net 0 0 (20) (2)
Total operating expenses 418 763 863 1,252
Operating Income 107 136 170 186
Other Income and (Expense):        
Interest expense, net of amounts capitalized (33) (36) (66) (73)
Other income (expense), net 2 1 4 3
Total other income and (expense) (31) (35) (62) (70)
Earnings Before Income Taxes 76 101 108 116
Income taxes (benefit) 6 25 (1) 13
Net Income 70 76 109 103
Net loss attributable to noncontrolling interests (15) (22) (78) (67)
Net Income 85 98 187 170
SOUTHERN POWER CO | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 393 658 755 1,084
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 116 232 251 337
SOUTHERN POWER CO | Other revenues        
Operating Revenues:        
Total operating revenues 16 9 27 17
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 139 437 330 669
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales $ 28 $ 68 $ 54 $ 89