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Consolidated Statements of Income - SPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues:      
Total operating revenues $ 26,724 $ 25,253 $ 29,279
Operating Expenses:      
Other operations and maintenance 6,539 6,093 6,824
Depreciation and amortization 4,755 4,525 3,663
Taxes other than income taxes 1,540 1,425 1,411
Total operating expenses 19,656 19,427 23,909
Operating Income 7,068 5,826 5,370
Other Income and (Expense):      
Interest expense, net of amounts capitalized (2,743) (2,446) (2,022)
Other income (expense), net 530 553 500
Total other income and (expense) (1,839) (1,481) (1,147)
Earnings Before Income Taxes 5,229 4,345 4,223
Income taxes (benefit) 969 496 795
Net Income 4,260 3,849 3,428
Net loss attributable to noncontrolling interests (141) (127) (107)
Consolidated Net Income 4,401 3,976 3,524
Other revenues      
Operating Revenues:      
Total operating revenues 1,151 949 732
Operating Expenses:      
Cost of sales 668 560 396
Fuel      
Operating Expenses:      
Cost of sales 4,096 4,365 6,835
Purchased power      
Operating Expenses:      
Cost of sales 883 883 1,593
Southern Power      
Operating Revenues:      
Total operating revenues 2,014 2,189 3,369
Operating Expenses:      
Other operations and maintenance 516 473 483
Depreciation and amortization 522 504 516
Taxes other than income taxes 41 51 49
Gain on dispositions, net 0 (20) (2)
Total operating expenses 1,736 1,830 2,971
Operating Income 278 359 398
Other Income and (Expense):      
Interest expense, net of amounts capitalized (117) (129) (138)
Other income (expense), net 13 12 7
Total other income and (expense) (104) (117) (131)
Earnings Before Income Taxes 174 242 267
Income taxes (benefit) (13) 12 20
Net Income 187 230 247
Net loss attributable to noncontrolling interests (141) (127) (107)
Consolidated Net Income 328 357 354
Southern Power | Wholesale revenues, non-affiliates      
Operating Revenues:      
Total operating revenues 1,606 1,597 2,458
Southern Power | Wholesale revenues, affiliates      
Operating Revenues:      
Total operating revenues 371 537 875
Southern Power | Other revenues      
Operating Revenues:      
Total operating revenues 37 55 36
Southern Power | Fuel      
Operating Expenses:      
Cost of sales 579 706 1,614
Southern Power | Purchased power      
Operating Expenses:      
Cost of sales $ 78 $ 116 $ 311