Financing (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Credit arrangements by company

The following table outlines the committed credit arrangements by company as of September 30, 2015:

	Expires													Executable Term Loans				Due Within One Year
Company	2015		2016		2017		2018		2020	Total		Unused		One Year		Two Years		Term Out		No Term Out
	(in millions)									(in millions)				(in millions)				(in millions)
Southern Company (a)	$	—	$	—	$	—	$	1,000	$1,250	$	2,250	$	2,250	$	—	$	—	$	—	$	—
Alabama Power	—		40		—		500		800	1,340		1,339		—		—		—		40
Georgia Power	—		—		—		—		1,750	1,750		1,732		—		—		—		—
Gulf Power	20		225		30		—		—	275		275		50		—		50		195
Mississippi Power (b)	15		220		—		—		—	235		210		30		30		60		175
Southern Power (c)	—		—		—		—		600	600		567		—		—		—		—
Other	—		70		—		—		—	70		70		—		—		—		70
Total	$	35	$	555	$	30	$	1,500	$4,400	$	6,520	$	6,443	$	80	$	30	$	110	$	480

(a) Excludes the $8.1 billion Bridge Agreement entered into in September 2015 that will be funded only to the extent necessary to provide financing for the Merger as discussed herein.

(b) Subsequent to September 30, 2015, a $15 million bank credit arrangement expired pursuant to its terms.

(c) Excludes the Tranquillity Credit Agreement assumed with the acquisition of Tranquillity on August 28, 2015, which is non-recourse to Southern Power Company, the proceeds of which are being used to finance project costs related to Tranquillity's solar facility currently under construction in California. See Note (I) to the Condensed Financial Statements herein for additional information regarding Tranquillity.

Schedule of Long-term Debt Financing Activities

The following table outlines the long-term debt financing activities for Southern Company and its subsidiaries for the first nine months of 2015:

Company	Senior Note Issuances		Senior Note Redemptions		Revenue Bond Issuances and Reofferings of Purchased Bonds(a)		Revenue Bond Maturities and Repurchases		Other Long-Term Debt Issuances		Other Long-Term Debt Redemptions and Maturities(b)
	(in millions)
Southern Company	$	600	$	400	$	—	$	—	$	400	$	—
Alabama Power	975		250		80		134		—		—
Georgia Power	—		525		274		268		600		20
Gulf Power	—		60		13		13		—		—
Mississippi Power	—		—		—		—		—		352
Southern Power	650		525		—		—		400		3
Other	—		—		—		—		—		13
Total	$	2,225	$	1,760	$	367	$	415	$	1,400	$	388

(a) Includes a reoffering by Alabama Power of $80 million aggregate principal amount of revenue bonds purchased and held since April 2015; reofferings by Georgia Power of $104.6 million and $65 million aggregate principal amount of revenue bonds purchased and held since 2013 and April 2015, respectively; and a reoffering by Gulf Power of $13 million aggregate principal amount of revenue bonds purchased and held in July 2015. Also includes repurchases and reofferings by Georgia Power of $94.6 million and $10 million aggregate principal amount of revenue bonds in August 2015 in connection with optional tenders.

(b) Includes reductions in capital lease obligations resulting from cash payments under capital leases.