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Condensed Consolidated Statements of Income (Unaudited) - SPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues:        
Total operating revenues $ 6,463 $ 5,748 $ 13,109 $ 12,228
Operating Expenses:        
Other operations and maintenance 1,409 1,489 2,881 2,929
Depreciation and amortization 1,182 1,112 2,327 2,222
Taxes other than income taxes 384 340 780 734
Total operating expenses 4,524 4,458 9,467 9,719
Operating Income 1,939 1,290 3,642 2,509
Other Income and (Expense):        
Interest expense, net of amounts capitalized (694) (610) (1,358) (1,192)
Other income (expense), net 151 142 302 286
Total other income and (expense) (461) (369) (870) (693)
Earnings Before Income Taxes 1,478 921 2,772 1,816
Income taxes (benefit) 290 98 513 194
Consolidated Net Income 1,188 823 2,259 1,622
Net loss attributable to noncontrolling interests (15) (15) (73) (78)
Net income attributable to company 1,203 838 2,332 1,700
Other revenues        
Operating Revenues:        
Total operating revenues 309 223 537 440
Operating Expenses:        
Total cost of sales 167 128 298 255
Fuel        
Operating Expenses:        
Total cost of sales 1,032 959 2,028 2,009
Purchased power        
Operating Expenses:        
Total cost of sales 222 231 420 473
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 524 525 997 1,033
Operating Expenses:        
Other operations and maintenance 119 117 241 224
Depreciation and amortization 127 122 245 250
Taxes other than income taxes 13 12 22 25
Gain on dispositions, net 0 0 0 (20)
Total operating expenses 413 418 836 863
Operating Income 111 107 161 170
Other Income and (Expense):        
Interest expense, net of amounts capitalized (30) (33) (59) (66)
Other income (expense), net 3 2 6 4
Total other income and (expense) (27) (31) (53) (62)
Earnings Before Income Taxes 84 76 108 108
Income taxes (benefit) 13 6 (1) (1)
Consolidated Net Income 71 70 109 109
Net loss attributable to noncontrolling interests (15) (15) (73) (78)
Net income attributable to company 86 85 182 187
SOUTHERN POWER CO | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 427 393 797 755
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 86 116 179 251
SOUTHERN POWER CO | Other revenues        
Operating Revenues:        
Total operating revenues 11 16 21 27
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 132 139 288 330
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales $ 22 $ 28 $ 40 $ 54