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Condensed Statements of Income (Unaudited) - APC - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues:        
Total operating revenues $ 7,274 $ 6,980 $ 20,383 $ 19,208
Operating Expenses:        
Other operations and maintenance 1,662 1,424 4,543 4,352
Depreciation and amortization 1,210 1,143 3,537 3,365
Taxes other than income taxes 375 341 1,155 1,076
Total operating expenses 4,906 4,870 14,373 14,589
Operating Income 2,368 2,110 6,010 4,619
Other Income and (Expense):        
Allowance for equity funds used during construction 58 66 167 200
Interest expense, net of amounts capitalized (692) (620) (2,050) (1,812)
Total other income (expense), net 147 141 450 428
Total other income and (expense) (456) (381) (1,326) (1,074)
Earnings Before Income Taxes 1,912 1,729 4,684 3,545
Income taxes 377 297 890 492
Consolidated Net Income 1,535 1,432 3,794 3,053
Retail revenues        
Operating Revenues:        
Total operating revenues 5,366 5,139 13,793 12,597
Other revenues        
Operating Revenues:        
Total operating revenues 283 222 820 662
Operating Expenses:        
Total cost of sales 166 126 464 381
Fuel        
Operating Expenses:        
Total cost of sales 1,146 1,367 3,174 3,376
Purchased power, non-affiliates        
Operating Expenses:        
Total cost of sales 249 207 669 680
Alabama Power        
Operating Revenues:        
Total operating revenues 2,138 2,083 5,803 5,420
Operating Expenses:        
Other operations and maintenance 493 411 1,335 1,275
Depreciation and amortization 366 351 1,091 1,045
Taxes other than income taxes 108 110 347 333
Total operating expenses 1,448 1,396 4,105 4,056
Operating Income 690 687 1,698 1,364
Other Income and (Expense):        
Allowance for equity funds used during construction 15 23 40 65
Interest expense, net of amounts capitalized (113) (104) (337) (311)
Total other income (expense), net 36 38 116 117
Total other income and (expense) (62) (43) (181) (129)
Earnings Before Income Taxes 628 644 1,517 1,235
Income taxes 135 79 322 103
Consolidated Net Income 493 565 1,195 1,132
Alabama Power | Retail revenues        
Operating Revenues:        
Total operating revenues 1,904 1,860 5,117 4,708
Alabama Power | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 89 106 259 358
Alabama Power | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 34 14 103 43
Alabama Power | Other revenues        
Operating Revenues:        
Total operating revenues 111 103 324 311
Alabama Power | Fuel        
Operating Expenses:        
Total cost of sales 384 402 1,050 1,013
Alabama Power | Purchased power, non-affiliates        
Operating Expenses:        
Total cost of sales 49 42 148 197
Alabama Power | Purchased power, affiliates        
Operating Expenses:        
Total cost of sales $ 48 $ 80 $ 134 $ 193