XML 58 R30.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Balance Sheets (Unaudited) - MPC - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,018 $ 748
Receivables —    
Customer accounts, net and Affiliated 2,327 2,030
Unbilled revenues 556 786
Other accounts and notes 909 519
Fossil fuel stock 799 943
Materials and supplies 2,169 1,989
Other regulatory assets 877 1,120
Other current assets 562 569
Total current assets 11,040 10,432
Property, Plant, and Equipment:    
In service 134,889 128,428
Less: Accumulated depreciation 39,536 37,725
Plant in service, net of depreciation 95,353 90,703
Construction work in progress 6,232 7,784
Total property, plant, and equipment 102,897 99,844
Other Property and Investments:    
Total other property and investments 10,223 9,986
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 874 886
Prepaid pension costs 2,375 2,079
Deferred under recovered fuel clause revenues 632 1,261
Regulatory assets – asset retirement obligations 5,277 5,459
Other regulatory assets, deferred 7,531 6,264
Other deferred charges and assets 1,484 1,468
Total deferred charges and other assets 19,796 19,069
Total Assets 143,956 139,331
Current Liabilities:    
Securities due within one year 1,642 2,476
Notes payable 722 2,314
Accounts payable —    
Accrued compensation 1,065 1,151
Asset retirement obligations 763 744
Other regulatory liabilities 214 141
Other current liabilities 1,104 1,029
Total current liabilities 12,165 13,467
Long-term Debt 61,254 57,210
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 11,727 10,990
Deferred credits related to income taxes 4,587 4,674
Employee benefit obligations 1,064 1,115
Asset retirement obligations, deferred 9,178 9,573
Other cost of removal obligations 2,006 1,957
Other regulatory liabilities, deferred 725 715
Other deferred credits and liabilities 1,075 1,031
Total deferred credits and other liabilities 33,632 33,429
Total Liabilities 107,051 104,106
Total Liabilities and Stockholders' Equity 143,956 139,331
Mississippi Power    
Current Assets:    
Cash and cash equivalents 48 38
Receivables —    
Unbilled revenues 43 40
Other accounts and notes 21 20
Fossil fuel stock 57 47
Materials and supplies 98 89
Other regulatory assets 49 56
Other current assets 15 10
Total current assets 421 365
Property, Plant, and Equipment:    
In service 5,627 5,523
Less: Accumulated depreciation 1,856 1,792
Plant in service, net of depreciation 3,771 3,731
Construction work in progress 291 203
Total property, plant, and equipment 4,062 3,934
Other Property and Investments:    
Total other property and investments 153 158
Deferred Charges and Other Assets:    
Deferred charges related to income taxes 27 28
Prepaid pension costs 111 99
Deferred under recovered fuel clause revenues 0 50
Regulatory assets – asset retirement obligations 247 244
Other regulatory assets, deferred 279 285
Accumulated deferred income taxes 83 96
Other deferred charges and assets 64 85
Total deferred charges and other assets 811 887
Total Assets 5,447 5,344
Current Liabilities:    
Securities due within one year 12 201
Notes payable 50 0
Accounts payable —    
Accrued taxes 105 117
Accrued compensation 39 43
Asset retirement obligations 32 29
Over recovered fuel clause revenues 0 27
Other regulatory liabilities 3 17
Other current liabilities 89 90
Total current liabilities 453 679
Long-term Debt 1,681 1,443
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 476 469
Deferred credits related to income taxes 224 229
Employee benefit obligations 67 67
Asset retirement obligations, deferred 121 139
Other cost of removal obligations 173 186
Other regulatory liabilities, deferred 97 92
Other deferred credits and liabilities 40 37
Total deferred credits and other liabilities 1,198 1,219
Total Liabilities 3,332 3,341
Total common stockholders' equity 2,115 2,003
Total Liabilities and Stockholders' Equity 5,447 5,344
Mississippi Power | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 64 36
Accounts payable —    
Affiliated and Other 70 73
Mississippi Power | Related Party    
Receivables —    
Customer accounts, net and Affiliated 26 29
Accounts payable —    
Affiliated and Other $ 53 $ 82