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Condensed Consolidated Statements of Income (Unaudited) - SPC - 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):        
Interest expense, net of amounts capitalized (692) (620) (2,050) (1,812)
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
Net income (loss) attributable to noncontrolling interests 0 10 (73) (68)
Consolidated net income attributable to company 1,535 1,422 3,867 3,121
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        
Operating Expenses:        
Total cost of sales 249 207 669 680
SOUTHERN POWER CO        
Operating Revenues:        
Total operating revenues 600 653 1,597 1,686
Operating Expenses:        
Other operations and maintenance 126 104 367 327
Depreciation and amortization 133 130 378 380
Taxes other than income taxes 12 13 34 38
Gain on dispositions, net 0 0 0 (20)
Total operating expenses 457 476 1,293 1,338
Operating Income 143 177 304 348
Other Income and (Expense):        
Interest expense, net of amounts capitalized (30) (32) (89) (98)
Other income (expense), net 2 4 8 8
Total other income and (expense) (28) (28) (81) (90)
Earnings Before Income Taxes 115 149 223 258
Income taxes 33 39 32 38
Consolidated Net Income 82 110 191 220
Net income (loss) attributable to noncontrolling interests 0 10 (73) (68)
Consolidated net income attributable to company 82 100 264 288
SOUTHERN POWER CO | Wholesale revenues, non-affiliates        
Operating Revenues:        
Total operating revenues 489 479 1,286 1,234
SOUTHERN POWER CO | Wholesale revenues, affiliates        
Operating Revenues:        
Total operating revenues 102 156 280 406
SOUTHERN POWER CO | Other revenues        
Operating Revenues:        
Total operating revenues 9 18 31 46
SOUTHERN POWER CO | Fuel        
Operating Expenses:        
Total cost of sales 166 196 454 526
SOUTHERN POWER CO | Purchased power        
Operating Expenses:        
Total cost of sales $ 20 $ 33 $ 60 $ 87