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Condensed Consolidated Balance Sheets (Unaudited) - SPC - 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
Other 549 519
Materials and supplies 2,129 1,989
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:    
Operating lease right-of-use assets, net of amortization 1,430 1,432
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:    
Notes payable 1,334 2,314
Accounts payable —    
Accrued interest 702 652
Operating lease obligations 193 183
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
Accumulated deferred ITCs 2,026 2,067
Operating lease obligations, deferred 1,309 1,307
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 Stockholders' Equity (See accompanying statements) 36,111 35,225
Total Liabilities and Stockholders' Equity 141,937 139,331
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 145 124
Receivables —    
Other 43 54
Materials and supplies 92 80
Prepaid income taxes 46 2
Other current assets 80 90
Total current assets 647 523
Property, Plant, and Equipment:    
In service 14,940 14,690
Less: Accumulated depreciation 4,318 4,119
Plant in service, net of depreciation 10,622 10,571
Construction work in progress 134 278
Total property, plant, and equipment 10,756 10,849
Other Property and Investments:    
Intangible assets, net of amortization 234 243
Net investment in sales-type leases 145 148
Total other property and investments 379 391
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 483 488
Prepaid LTSAs 233 248
Other deferred charges and assets 266 262
Total deferred charges and other assets 982 998
Total Assets 12,764 12,761
Current Liabilities:    
Notes payable 219 138
Accounts payable —    
Accrued taxes 26 26
Accrued interest 22 27
Operating lease obligations 28 29
Other current liabilities 85 97
Total current liabilities 515 490
Long-term Debt 2,694 2,711
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 684 614
Accumulated deferred ITCs 1,469 1,498
Operating lease obligations, deferred 506 517
Other deferred credits and liabilities 253 233
Total deferred credits and other liabilities 2,912 2,862
Total Liabilities 6,121 6,063
Total Stockholders' Equity (See accompanying statements) 6,643 6,698
Total Liabilities and Stockholders' Equity 12,764 12,761
SOUTHERN POWER CO | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 193 136
Accounts payable —    
Affiliated and Other 59 91
SOUTHERN POWER CO | Related Party    
Receivables —    
Customer accounts, net and Affiliated 48 37
Accounts payable —    
Affiliated and Other $ 76 $ 82