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Condensed Consolidated Balance Sheets (Unaudited) - SPC - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,123 $ 1,917
Receivables —    
Customer and affiliated accounts, net 1,852 2,128
Other accounts and notes 568 637
Materials and supplies 1,846 1,664
Other current assets 310 344
Total current assets 10,979 10,416
Property, Plant, and Equipment:    
In service 119,852 117,529
Less: Accumulated depreciation 36,500 35,297
Plant in service, net of depreciation 83,352 82,232
Construction work in progress 11,992 10,896
Total property, plant, and equipment 96,767 94,570
Other Property and Investments:    
Equity investments in unconsolidated subsidiaries 1,382 1,443
Total other property and investments 9,845 9,757
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,481 1,531
Other deferred charges and assets 1,469 1,485
Total deferred charges and other assets 19,525 20,148
Total Assets 137,116 134,891
Current Liabilities:    
Securities due within one year 4,063 4,285
Notes payable 1,647 2,609
Accounts payable —    
Accrued interest 652 614
Other current liabilities 870 787
Total current liabilities 13,240 15,724
Long-term Debt 55,134 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,623 10,036
Accumulated deferred ITCs 2,091 2,133
Operating lease obligations, deferred 1,356 1,388
Other deferred credits and liabilities 1,092 1,167
Total deferred credits and other liabilities 34,094 33,979
Total Liabilities 102,468 100,359
Total Stockholders' Equity (See accompanying statements) 34,648 34,532
Total Liabilities and Stockholders' Equity 137,116 134,891
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 169 131
Receivables —    
Other accounts and notes 67 70
Materials and supplies 82 88
Prepaid income taxes 228 5
Other current assets 54 50
Total current assets 821 621
Property, Plant, and Equipment:    
In service 14,675 14,658
Less: Accumulated depreciation 3,875 3,661
Plant in service, net of depreciation 10,800 10,997
Construction work in progress 18 41
Total property, plant, and equipment 10,818 11,038
Other Property and Investments:    
Intangible assets, net of amortization 253 263
Equity investments in unconsolidated subsidiaries 0 49
Net investment in sales-type leases 151 154
Total other property and investments 404 466
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 485 489
Prepaid LTSAs 209 193
Other deferred charges and assets 309 274
Total deferred charges and other assets 1,003 956
Total Assets   13,081
Current Liabilities:    
Securities due within one year 291 290
Notes payable 100 225
Accounts payable —    
Accrued taxes 31 24
Accrued interest 24 28
Other current liabilities 88 111
Total current liabilities 637 884
Long-term Debt 2,699 2,689
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 598 279
Accumulated deferred ITCs 1,527 1,556
Operating lease obligations, deferred 510 514
Other deferred credits and liabilities 228 243
Total deferred credits and other liabilities 2,863 2,592
Total Liabilities 6,199 6,165
Total Stockholders' Equity (See accompanying statements) 6,847 6,916
Total Liabilities and Stockholders' Equity 13,046 13,081
SOUTHERN POWER CO | Nonrelated Party    
Receivables —    
Customer and affiliated accounts, net 157 226
Accounts payable —    
Affiliated 30 67
Other 30 67
SOUTHERN POWER CO | Related Party    
Receivables —    
Customer and affiliated accounts, net 64 51
Accounts payable —    
Affiliated 73 139
Other $ 73 $ 139