XML 56 R30.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Balance Sheets (Unaudited) - MPC - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,152 $ 748
Receivables —    
Customer accounts, net and Affiliated 2,239 2,030
Unbilled revenues 876 786
Other accounts and notes 549 519
Fossil fuel stock 935 943
Materials and supplies 2,129 1,989
Other regulatory assets 980 1,120
Other current assets 525 569
Total current assets 10,993 10,432
Property, Plant, and Equipment:    
In service 134,354 128,428
Less: Accumulated depreciation 38,995 37,725
Plant in service, net of depreciation 95,359 90,703
Construction work in progress 5,231 7,784
Total property, plant, and equipment 101,888 99,844
Other Property and Investments:    
Total other property and investments 10,129 9,986
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 874 886
Prepaid pension costs 2,279 2,079
Deferred under recovered fuel clause revenues 950 1,261
Regulatory assets – asset retirement obligations 5,380 5,459
Other regulatory assets, deferred 6,353 6,264
Other deferred charges and assets 1,449 1,468
Total deferred charges and other assets 18,927 19,069
Total Assets 141,937 139,331
Current Liabilities:    
Securities due within one year 2,800 2,476
Notes payable 1,334 2,314
Accounts payable —    
Accrued compensation 746 1,151
Asset retirement obligations 756 744
Other regulatory liabilities 135 141
Other current liabilities 1,271 1,029
Total current liabilities 12,028 13,467
Long-term Debt 59,883 57,210
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 11,339 10,990
Deferred credits related to income taxes 4,645 4,674
Employee benefit obligations 1,109 1,115
Asset retirement obligations, deferred 9,615 9,573
Other cost of removal obligations 1,994 1,957
Other regulatory liabilities, deferred 718 715
Other deferred credits and liabilities 1,160 1,031
Total deferred credits and other liabilities 33,915 33,429
Total Liabilities 105,826 104,106
Total Liabilities and Stockholders' Equity 141,937 139,331
Mississippi Power    
Current Assets:    
Cash and cash equivalents 19 38
Receivables —    
Unbilled revenues 48 40
Other accounts and notes 63 20
Fossil fuel stock 69 47
Materials and supplies 92 89
Other regulatory assets 50 56
Other current assets 8 10
Total current assets 447 365
Property, Plant, and Equipment:    
In service 5,613 5,523
Less: Accumulated depreciation 1,842 1,792
Plant in service, net of depreciation 3,771 3,731
Construction work in progress 198 203
Total property, plant, and equipment 3,969 3,934
Other Property and Investments:    
Total other property and investments 156 158
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 28 28
Prepaid pension costs 106 99
Deferred under recovered fuel clause revenues 0 50
Regulatory assets – asset retirement obligations 247 244
Other regulatory assets, deferred 278 285
Accumulated deferred income taxes 89 96
Other deferred charges and assets 96 85
Total deferred charges and other assets 844 887
Total Assets 5,416 5,344
Current Liabilities:    
Securities due within one year 1 201
Notes payable 102 0
Accounts payable —    
Accrued taxes 76 117
Accrued compensation 26 43
Asset retirement obligations 30 29
Over recovered fuel clause revenues 0 27
Other regulatory liabilities 3 17
Other current liabilities 88 90
Total current liabilities 444 679
Long-term Debt 1,692 1,443
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 469 469
Deferred credits related to income taxes 226 229
Employee benefit obligations 67 67
Asset retirement obligations, deferred 126 139
Other cost of removal obligations 179 186
Other regulatory liabilities, deferred 98 92
Other deferred credits and liabilities 31 37
Total deferred credits and other liabilities 1,196 1,219
Total Liabilities 3,332 3,341
Total common stockholders' equity 2,084 2,003
Total Liabilities and Stockholders' Equity 5,416 5,344
Mississippi Power | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 62 36
Accounts payable —    
Affiliated and Other 56 73
Mississippi Power | Related Party    
Receivables —    
Customer accounts, net and Affiliated 36 29
Accounts payable —    
Affiliated and Other $ 62 $ 82