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Consolidated Balance Sheets - SPC - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,070 $ 748
Receivables —    
Customer accounts, net and affiliated 2,228 2,030
Other 597 519
Materials and supplies 2,178 1,989
Other current assets 476 533
Total current assets 10,694 10,432
Property, Plant, and Equipment:    
In service 137,143 128,428
Less: Accumulated provision for depreciation 40,126 37,725
Plant in service, net of depreciation 97,017 90,703
Construction work in progress 6,389 7,784
Total property, plant, and equipment 104,689 99,844
Other Property and Investments:    
Other Property and Investments 10,198 9,986
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,386 1,432
Other deferred charges and assets 1,467 1,468
Total deferred charges and other assets 19,599 19,069
Total Assets 145,180 139,331
Current Liabilities:    
Securities due within one year 4,718 2,476
Notes payable 1,338 2,314
Accounts payable —    
Accrued interest 682 652
Operating lease obligations 200 183
Other current liabilities 1,100 1,029
Total current liabilities 15,993 13,467
Long-Term Debt 58,768 57,210
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 11,730 10,990
Accumulated deferred ITCs 2,056 2,067
Operating lease obligations, deferred 1,253 1,307
Other deferred credits and liabilities 1,350 1,031
Total deferred credits and other liabilities 33,745 33,429
Total Liabilities 108,506 104,106
Common Stockholders' Equity:    
Common stock 5,446 5,423
Paid-in capital 14,149 13,775
Retained earnings 13,750 12,482
Accumulated other comprehensive loss (78) (177)
Total common stockholders' equity 33,208 31,444
Noncontrolling Interests 3,466 3,781
Total Stockholders' Equity (See accompanying statements) 36,674 35,225
Total Liabilities and Stockholders' Equity 145,180 139,331
Commitments and Contingent Matters
Southern Power    
Current Assets:    
Cash and cash equivalents 159 124
Receivables —    
Customer accounts, net and affiliated 122 136
Other 90 54
Materials and supplies 107 80
Other current assets 82 92
Total current assets 599 523
Property, Plant, and Equipment:    
In service 14,961 14,690
Less: Accumulated provision for depreciation 4,540 4,119
Plant in service, net of depreciation 10,421 10,571
Construction work in progress 317 278
Total property, plant, and equipment 10,738 10,849
Other Property and Investments:    
Intangible assets, net of amortization of $168 and $148, respectively 223 243
Net investment in sales-type leases 143 148
Other Property and Investments 366 391
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 484 488
Prepaid LTSAs 234 248
Other deferred charges and assets 232 262
Total deferred charges and other assets 950 998
Total Assets 12,653 12,761
Current Liabilities:    
Securities due within one year 500 0
Notes payable 0 138
Accounts payable —    
Affiliated and other 100 91
Accrued taxes 18 26
Accrued interest 26 27
Operating lease obligations 29 29
Other current liabilities 96 97
Total current liabilities 849 490
Long-Term Debt 2,180 2,711
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 712 614
Accumulated deferred ITCs 1,440 1,498
Operating lease obligations, deferred 511 517
Other deferred credits and liabilities 279 233
Total deferred credits and other liabilities 2,942 2,862
Total Liabilities 5,971 6,063
Common Stockholders' Equity:    
Common stock 0 0
Paid-in capital 1,306 1,088
Retained earnings 1,912 1,846
Accumulated other comprehensive loss (2) (17)
Total common stockholders' equity 3,216 2,917
Noncontrolling Interests 3,466 3,781
Total Stockholders' Equity (See accompanying statements) 6,682 6,698
Total Liabilities and Stockholders' Equity 12,653 12,761
Commitments and Contingent Matters
Southern Power | Related Party    
Receivables —    
Customer accounts, net and affiliated 39 37
Accounts payable —    
Affiliated and other $ 80 $ 82