Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Sep. 30, 2015 | Dec. 31, 2014 |
Deferred Charges and Other Assets: | | |
Total Assets | $ 75,215 | $ 70,923 |
Common Stockholders' Equity: | | |
Total Stockholders' Equity | 21,923 | 20,926 |
Southern Company [Member] | | |
Current Assets: | | |
Cash and cash equivalents | 1,109 | 710 |
Receivables — | | |
Customer accounts receivable | 1,432 | 1,090 |
Unbilled revenues | 488 | 432 |
Under recovered regulatory clause revenues | 126 | 136 |
Other accounts and notes receivable | 248 | 307 |
Accumulated provision for uncollectible accounts | (19) | (18) |
Fossil fuel stock, at average cost | 691 | 930 |
Materials and supplies, at average cost | 1,046 | 1,039 |
Vacation pay | 177 | 177 |
Prepaid expenses | 248 | 665 |
Deferred income taxes, current | 258 | 506 |
Other regulatory assets, current | 421 | 346 |
Other current assets | 45 | 50 |
Total current assets | 6,270 | 6,370 |
Property, Plant, and Equipment: | | |
In service | 71,929 | 70,013 |
Less accumulated provision for depreciation | 24,190 | 24,059 |
Plant in service, net of depreciation | 47,739 | 45,954 |
Other utility plant, net | 73 | 211 |
Nuclear fuel, at amortized cost | 869 | 911 |
Construction work in progress | 9,562 | 7,792 |
Total property, plant, and equipment | 58,243 | 54,868 |
Other Property and Investments: | | |
Nuclear decommissioning trusts, at fair value | 1,473 | 1,546 |
Leveraged leases | 752 | 743 |
Miscellaneous property and investments | 489 | 203 |
Total other property and investments | 2,714 | 2,492 |
Deferred Charges and Other Assets: | | |
Deferred charges related to income taxes | 1,553 | 1,510 |
Unamortized debt issuance expense | 203 | 202 |
Unamortized loss on reacquired debt | 232 | 243 |
Other regulatory assets, deferred | 4,733 | 4,334 |
Income taxes receivable, non-current | 444 | 0 |
Other deferred charges and assets | 823 | 904 |
Total deferred charges and other assets | 7,988 | 7,193 |
Total Assets | 75,215 | 70,923 |
Current Liabilities: | | |
Securities due within one year | 3,313 | 3,333 |
Interest-bearing refundable deposits | 0 | 275 |
Notes payable | 1,490 | 803 |
Accounts payable — | | |
Accounts payable | 1,419 | 1,593 |
Customer deposits | 400 | 390 |
Accrued taxes — | | |
Accrued income taxes | 404 | 151 |
Other accrued taxes | 566 | 487 |
Accrued interest | 223 | 295 |
Accrued vacation pay | 223 | 223 |
Accrued compensation | 462 | 576 |
Mirror CWIP | 369 | 271 |
Other current liabilities | 820 | 570 |
Total current liabilities | 9,689 | 8,967 |
Long-term Debt: | | |
Total Long-term Debt | 22,326 | 20,841 |
Deferred Credits and Other Liabilities: | | |
Accumulated deferred income taxes | 11,990 | 11,568 |
Deferred credits related to income taxes | 183 | 192 |
Accumulated deferred investment tax credits | 1,004 | 1,208 |
Employee benefit obligations | 2,408 | 2,432 |
Asset retirement obligations | 2,952 | 2,168 |
Unrecognized tax benefits | 369 | 4 |
Other cost of removal obligations | 1,210 | 1,215 |
Other regulatory liabilities, deferred | 399 | 398 |
Other deferred credits and liabilities | 603 | 590 |
Total deferred credits and other liabilities | 21,118 | 19,775 |
Total Liabilities | 53,133 | 49,583 |
Redeemable Preferred Stock of Subsidiaries | 118 | 375 |
Redeemable Noncontrolling Interest | 41 | 39 |
Common Stockholders' Equity: | | |
Common stock | 4,558 | 4,539 |
Paid-in capital | 6,150 | 5,955 |
Treasury, at cost | (141) | (26) |
Retained earnings (accumulated deficit) | 10,233 | 9,609 |
Accumulated other comprehensive income (loss) | (136) | (128) |
Total common stockholders' equity | 20,664 | 19,949 |
Preferred and Preference Stock of Subsidiaries | 609 | 756 |
Noncontrolling Interest | 650 | 221 |
Total Stockholders' Equity | 21,923 | 20,926 |
Total Liabilities and Stockholders' Equity | 75,215 | 70,923 |
Alabama Power [Member] | | |
Current Assets: | | |
Cash and cash equivalents | 609 | 273 |
Receivables — | | |
Customer accounts receivable | 460 | 345 |
Unbilled revenues | 134 | 138 |
Under recovered regulatory clause revenues | 67 | 74 |
Other accounts and notes receivable | 34 | 23 |
Affiliated companies | 43 | 37 |
Accumulated provision for uncollectible accounts | (9) | (9) |
Fossil fuel stock, at average cost | 199 | 268 |
Materials and supplies, at average cost | 398 | 406 |
Vacation pay | 65 | 65 |
Prepaid expenses | 79 | 244 |
Other regulatory assets, current | 118 | 84 |
Other current assets | 9 | 5 |
Total current assets | 2,206 | 1,953 |
Property, Plant, and Equipment: | | |
In service | 23,922 | 23,080 |
Less accumulated provision for depreciation | 8,623 | 8,522 |
Plant in service, net of depreciation | 15,299 | 14,558 |
Nuclear fuel, at amortized cost | 325 | 348 |
Construction work in progress | 1,117 | 1,006 |
Total property, plant, and equipment | 16,741 | 15,912 |
Other Property and Investments: | | |
Equity investments in unconsolidated subsidiaries | 69 | 66 |
Nuclear decommissioning trusts, at fair value | 712 | 756 |
Miscellaneous property and investments | 91 | 84 |
Total other property and investments | 872 | 906 |
Deferred Charges and Other Assets: | | |
Deferred charges related to income taxes | 530 | 525 |
Deferred under recovered regulatory clause revenues | 66 | 31 |
Other regulatory assets, deferred | 1,055 | 1,063 |
Other deferred charges and assets | 163 | 162 |
Total deferred charges and other assets | 1,814 | 1,781 |
Total Assets | 21,633 | 20,552 |
Current Liabilities: | | |
Securities due within one year | 600 | 454 |
Accounts payable — | | |
Affiliated accounts payable | 272 | 248 |
Other accounts payable | 272 | 443 |
Customer deposits | 88 | 87 |
Accrued taxes — | | |
Accrued income taxes | 105 | 2 |
Other accrued taxes | 117 | 37 |
Accrued interest | 67 | 66 |
Accrued vacation pay | 54 | 54 |
Accrued compensation | 103 | 131 |
Other current liabilities | 118 | 82 |
Total current liabilities | 1,796 | 1,604 |
Long-term Debt: | | |
Total Long-term Debt | 6,699 | 6,176 |
Deferred Credits and Other Liabilities: | | |
Accumulated deferred income taxes | 3,965 | 3,874 |
Deferred credits related to income taxes | 70 | 72 |
Accumulated deferred investment tax credits | 120 | 125 |
Employee benefit obligations | 319 | 326 |
Asset retirement obligations | 1,288 | 829 |
Other cost of removal obligations | 742 | 744 |
Other regulatory liabilities, deferred | 152 | 239 |
Deferred over recovered regulatory clause revenues | 128 | 47 |
Other deferred credits and liabilities | 73 | 79 |
Total deferred credits and other liabilities | 6,857 | 6,335 |
Total Liabilities | 15,352 | 14,115 |
Redeemable Preferred Stock | 85 | 342 |
Preference Stock | 196 | 343 |
Common Stockholders' Equity: | | |
Common stock | 1,222 | 1,222 |
Paid-in capital | 2,328 | 2,304 |
Retained earnings (accumulated deficit) | 2,483 | 2,255 |
Accumulated other comprehensive income (loss) | (33) | (29) |
Total common stockholders' equity | 6,000 | 5,752 |
Total Liabilities and Stockholders' Equity | 21,633 | 20,552 |
Georgia Power [Member] | | |
Current Assets: | | |
Cash and cash equivalents | 85 | 24 |
Receivables — | | |
Customer accounts receivable | 758 | 553 |
Unbilled revenues | 243 | 201 |
Joint owner accounts receivable | 52 | 121 |
Other accounts and notes receivable | 47 | 61 |
Affiliated companies | 22 | 18 |
Accumulated provision for uncollectible accounts | (7) | (6) |
Fossil fuel stock, at average cost | 298 | 439 |
Materials and supplies, at average cost | 439 | 438 |
Vacation pay | 90 | 91 |
Prepaid income taxes | 24 | 278 |
Other regulatory assets, current | 124 | 136 |
Other current assets | 94 | 74 |
Total current assets | 2,269 | 2,428 |
Property, Plant, and Equipment: | | |
In service | 31,546 | 31,083 |
Less accumulated provision for depreciation | 11,046 | 11,222 |
Plant in service, net of depreciation | 20,500 | 19,861 |
Other utility plant, net | 10 | 211 |
Nuclear fuel, at amortized cost | 544 | 563 |
Construction work in progress | 4,390 | 4,031 |
Total property, plant, and equipment | 25,444 | 24,666 |
Other Property and Investments: | | |
Equity investments in unconsolidated subsidiaries | 62 | 58 |
Nuclear decommissioning trusts, at fair value | 761 | 789 |
Miscellaneous property and investments | 38 | 38 |
Total other property and investments | 861 | 885 |
Deferred Charges and Other Assets: | | |
Deferred charges related to income taxes | 678 | 698 |
Deferred under recovered regulatory clause revenues | 0 | 197 |
Other regulatory assets, deferred | 2,075 | 1,753 |
Other deferred charges and assets | 399 | 403 |
Total deferred charges and other assets | 3,152 | 3,051 |
Total Assets | 31,726 | 31,030 |
Current Liabilities: | | |
Securities due within one year | 1,362 | 1,154 |
Notes payable | 130 | 156 |
Accounts payable — | | |
Affiliated accounts payable | 444 | 451 |
Other accounts payable | 515 | 555 |
Customer deposits | 260 | 253 |
Accrued taxes — | | |
Accrued income taxes | 75 | 1 |
Other accrued taxes | 311 | 332 |
Accrued interest | 99 | 96 |
Accrued vacation pay | 62 | 63 |
Accrued compensation | 120 | 153 |
Other current liabilities | 345 | 256 |
Total current liabilities | 3,723 | 3,470 |
Long-term Debt: | | |
Total Long-term Debt | 8,709 | 8,683 |
Deferred Credits and Other Liabilities: | | |
Accumulated deferred income taxes | 5,493 | 5,507 |
Deferred credits related to income taxes | 101 | 106 |
Accumulated deferred investment tax credits | 188 | 196 |
Employee benefit obligations | 893 | 903 |
Asset retirement obligations | 1,332 | 1,223 |
Other deferred credits and liabilities | 266 | 255 |
Total deferred credits and other liabilities | 8,273 | 8,190 |
Total Liabilities | 20,705 | 20,343 |
Redeemable Preferred Stock | 45 | 45 |
Preference Stock | 221 | 221 |
Common Stockholders' Equity: | | |
Common stock | 398 | 398 |
Paid-in capital | 6,251 | 6,196 |
Retained earnings (accumulated deficit) | 4,123 | 3,835 |
Accumulated other comprehensive income (loss) | (17) | (8) |
Total common stockholders' equity | 10,755 | 10,421 |
Total Liabilities and Stockholders' Equity | 31,726 | 31,030 |
Gulf Power [Member] | | |
Current Assets: | | |
Cash and cash equivalents | 41 | 39 |
Receivables — | | |
Customer accounts receivable | 100 | 73 |
Unbilled revenues | 68 | 58 |
Under recovered regulatory clause revenues | 17 | 57 |
Other accounts and notes receivable | 9 | 8 |
Affiliated companies | 4 | 10 |
Accumulated provision for uncollectible accounts | (2) | (2) |
Fossil fuel stock, at average cost | 84 | 101 |
Materials and supplies, at average cost | 57 | 56 |
Prepaid expenses | 13 | 40 |
Other regulatory assets, current | 81 | 74 |
Other current assets | 1 | 2 |
Total current assets | 473 | 516 |
Property, Plant, and Equipment: | | |
In service | 4,640 | 4,495 |
Less accumulated provision for depreciation | 1,273 | 1,296 |
Plant in service, net of depreciation | 3,367 | 3,199 |
Other utility plant, net | 64 | 0 |
Construction work in progress | 407 | 465 |
Total property, plant, and equipment | 3,838 | 3,664 |
Other Property and Investments: | | |
Total other property and investments | 15 | 15 |
Deferred Charges and Other Assets: | | |
Deferred charges related to income taxes | 61 | 56 |
Other regulatory assets, deferred | 430 | 416 |
Other deferred charges and assets | 44 | 41 |
Total deferred charges and other assets | 535 | 513 |
Total Assets | 4,861 | 4,708 |
Current Liabilities: | | |
Notes payable | 76 | 110 |
Accounts payable — | | |
Affiliated accounts payable | 65 | 87 |
Other accounts payable | 40 | 56 |
Customer deposits | 36 | 35 |
Accrued taxes — | | |
Accrued income taxes | 22 | 0 |
Other accrued taxes | 33 | 9 |
Accrued interest | 20 | 11 |
Accrued compensation | 20 | 23 |
Deferred capacity expense, current | 22 | 22 |
Liabilities from risk management activities | 41 | 37 |
Other current liabilities | 44 | 23 |
Total current liabilities | 419 | 413 |
Long-term Debt: | | |
Total Long-term Debt | 1,310 | 1,370 |
Deferred Credits and Other Liabilities: | | |
Accumulated deferred income taxes | 870 | 800 |
Employee benefit obligations | 120 | 121 |
Other cost of removal obligations | 226 | 235 |
Other regulatory liabilities, deferred | 49 | 49 |
Deferred capacity expense | 147 | 163 |
Other deferred credits and liabilities | 216 | 101 |
Total deferred credits and other liabilities | 1,628 | 1,469 |
Total Liabilities | 3,357 | 3,252 |
Preference Stock | 147 | 147 |
Common Stockholders' Equity: | | |
Common stock | 503 | 483 |
Paid-in capital | 564 | 560 |
Retained earnings (accumulated deficit) | 290 | 267 |
Accumulated other comprehensive income (loss) | 0 | (1) |
Total common stockholders' equity | 1,357 | 1,309 |
Total Liabilities and Stockholders' Equity | 4,861 | 4,708 |
Mississippi Power [Member] | | |
Current Assets: | | |
Cash and cash equivalents | 96 | 133 |
Receivables — | | |
Customer accounts receivable | 51 | 43 |
Unbilled revenues | 42 | 35 |
Other accounts and notes receivable | 11 | 11 |
Affiliated companies | 31 | 51 |
Accumulated provision for uncollectible accounts | (1) | (1) |
Fossil fuel stock, at average cost | 95 | 100 |
Materials and supplies, at average cost | 72 | 62 |
Prepaid income taxes | 183 | 191 |
Other regulatory assets, current | 119 | 73 |
Other current assets | 10 | 6 |
Total current assets | 709 | 704 |
Property, Plant, and Equipment: | | |
In service | 4,475 | 4,378 |
Less accumulated provision for depreciation | 1,215 | 1,173 |
Plant in service, net of depreciation | 3,260 | 3,205 |
Construction work in progress | 2,596 | 2,161 |
Total property, plant, and equipment | 5,856 | 5,366 |
Other Property and Investments: | | |
Total other property and investments | 6 | 5 |
Deferred Charges and Other Assets: | | |
Deferred charges related to income taxes | 278 | 226 |
Other regulatory assets, deferred | 460 | 385 |
Income taxes receivable, non-current | 544 | 0 |
Other deferred charges and assets | 60 | 71 |
Total deferred charges and other assets | 1,342 | 682 |
Total Assets | 7,913 | 6,757 |
Current Liabilities: | | |
Securities due within one year | 429 | 778 |
Interest-bearing refundable deposits | 0 | 275 |
Notes payable | 500 | 0 |
Accounts payable — | | |
Affiliated accounts payable | 91 | 86 |
Other accounts payable | 109 | 178 |
Accrued taxes — | | |
Accrued income taxes | 288 | 142 |
Other accrued taxes | 67 | 84 |
Accrued interest | 15 | 76 |
Accrued compensation | 18 | 26 |
Over recovered regulatory clause liabilities | 60 | 1 |
Mirror CWIP | 369 | 271 |
Other current liabilities | 87 | 61 |
Total current liabilities | 2,033 | 1,978 |
Long-term Debt: | | |
Long-term debt, affiliated | 301 | 0 |
Long-term debt, non-affiliated | 1,621 | 1,630 |
Total Long-term Debt | 1,922 | 1,630 |
Deferred Credits and Other Liabilities: | | |
Accumulated deferred income taxes | 674 | 285 |
Accumulated deferred investment tax credits | 5 | 283 |
Employee benefit obligations | 147 | 148 |
Asset retirement obligations | 150 | 48 |
Unrecognized tax benefits | 361 | 2 |
Other cost of removal obligations | 171 | 166 |
Other regulatory liabilities, deferred | 66 | 64 |
Other deferred credits and liabilities | 48 | 36 |
Total deferred credits and other liabilities | 1,622 | 1,032 |
Total Liabilities | 5,577 | 4,640 |
Redeemable Preferred Stock | 33 | 33 |
Common Stockholders' Equity: | | |
Common stock | 38 | 38 |
Paid-in capital | 2,767 | 2,612 |
Retained earnings (accumulated deficit) | (496) | (559) |
Accumulated other comprehensive income (loss) | (6) | (7) |
Total common stockholders' equity | 2,303 | 2,084 |
Total Liabilities and Stockholders' Equity | 7,913 | 6,757 |
Southern Power [Member] | | |
Current Assets: | | |
Cash and cash equivalents | 161 | 75 |
Receivables — | | |
Customer accounts receivable | 100 | 77 |
Other accounts and notes receivable | 35 | 15 |
Affiliated companies | 50 | 34 |
Fossil fuel stock, at average cost | 16 | 22 |
Materials and supplies, at average cost | 60 | 58 |
Prepaid income taxes | 136 | 19 |
Deferred income taxes, current | 0 | 306 |
Other current assets | 19 | 21 |
Total current assets | 577 | 627 |
Property, Plant, and Equipment: | | |
In service | 6,049 | 5,657 |
Less accumulated provision for depreciation | 1,189 | 1,035 |
Plant in service, net of depreciation | 4,860 | 4,622 |
Construction work in progress | 977 | 11 |
Total property, plant, and equipment | 5,837 | 4,633 |
Other Property and Investments: | | |
Goodwill | 2 | 2 |
Other intangible assets, net of amortization of $11 and $8 at September 30, 2015 and December 31, 2014, respectively | 318 | 47 |
Total other property and investments | 320 | 49 |
Deferred Charges and Other Assets: | | |
Prepaid long-term service agreements | 157 | 124 |
Other deferred charges and assets -- affiliated | 3 | 5 |
Other deferred charges and assets | 146 | 112 |
Total deferred charges and other assets | 306 | 241 |
Total Assets | 7,040 | 5,550 |
Current Liabilities: | | |
Securities due within one year | 400 | 525 |
Notes payable | 213 | 195 |
Accounts payable — | | |
Affiliated accounts payable | 69 | 78 |
Other accounts payable | 161 | 30 |
Accrued taxes — | | |
Accrued income taxes | 3 | 72 |
Accrued interest | 14 | 30 |
Other current liabilities | 56 | 17 |
Total current liabilities | 916 | 947 |
Long-term Debt: | | |
Total Long-term Debt | 1,742 | 1,095 |
Deferred Credits and Other Liabilities: | | |
Accumulated deferred income taxes | 779 | 863 |
Accumulated deferred investment tax credits | 688 | 601 |
Accrued income taxes, non-current | 100 | 0 |
Deferred capacity revenues -- affiliated | 39 | 15 |
Other deferred credits and liabilities — affiliated | 0 | 1 |
Other deferred credits and liabilities | 25 | 18 |
Total deferred credits and other liabilities | 1,631 | 1,498 |
Total Liabilities | 4,289 | 3,540 |
Redeemable Noncontrolling Interest | 41 | 39 |
Common Stockholders' Equity: | | |
Common stock | 0 | 0 |
Paid-in capital | 1,401 | 1,176 |
Retained earnings (accumulated deficit) | 657 | 573 |
Accumulated other comprehensive income (loss) | 3 | 3 |
Total common stockholders' equity | 2,061 | 1,752 |
Noncontrolling Interest, Total | 649 | 219 |
Total Stockholders' Equity | 2,710 | 1,971 |
Total Liabilities and Stockholders' Equity | $ 7,040 | $ 5,550 |