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Condensed Consolidated Balance Sheets (Unaudited) - SPC - 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
Other 909 519
Materials and supplies 2,169 1,989
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:    
Operating lease right-of-use assets, net of amortization 1,415 1,432
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:    
Notes payable 722 2,314
Accounts payable —    
Accrued interest 570 652
Operating lease obligations 197 183
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
Accumulated deferred ITCs 2,003 2,067
Operating lease obligations, deferred 1,267 1,307
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 Stockholders' Equity (See accompanying statements) 36,905 35,225
Total Liabilities and Stockholders' Equity 143,956 139,331
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 179 124
Receivables —    
Other 39 54
Materials and supplies 96 80
Other current assets 86 92
Total current assets 607 523
Property, Plant, and Equipment:    
In service 14,946 14,690
Less: Accumulated depreciation 4,444 4,119
Plant in service, net of depreciation 10,502 10,571
Construction work in progress 187 278
Total property, plant, and equipment 10,689 10,849
Other Property and Investments:    
Intangible assets, net of amortization 228 243
Net investment in sales-type leases 144 148
Total other property and investments 372 391
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 486 488
Prepaid LTSAs 247 248
Other deferred charges and assets 245 262
Total deferred charges and other assets 978 998
Total Assets 12,646 12,761
Current Liabilities:    
Notes payable 62 138
Accounts payable —    
Accrued taxes 45 26
Accrued interest 22 27
Operating lease obligations 28 29
Other current liabilities 90 97
Total current liabilities 390 490
Long-term Debt 2,720 2,711
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 719 614
Accumulated deferred ITCs 1,454 1,498
Operating lease obligations, deferred 510 517
Other deferred credits and liabilities 251 233
Total deferred credits and other liabilities 2,934 2,862
Total Liabilities 6,044 6,063
Total Stockholders' Equity (See accompanying statements) 6,602 6,698
Total Liabilities and Stockholders' Equity 12,646 12,761
SOUTHERN POWER CO | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 164 136
Accounts payable —    
Affiliated and Other 73 91
SOUTHERN POWER CO | Related Party    
Receivables —    
Customer accounts, net and Affiliated 43 37
Accounts payable —    
Affiliated and Other $ 70 $ 82