v3.26.1
Condensed Balance Sheets (Unaudited) - APC - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 2,984 $ 1,639
Receivables —    
Customer accounts and affiliated 2,301 2,251
Unbilled revenues 938 931
Other accounts and notes 580 655
Accumulated provision for uncollectible accounts (98) (84)
Fossil fuel stock 728 735
Materials and supplies 2,380 2,202
Prepaid expenses 370 327
Other regulatory assets 916 709
Other current assets 501 487
Total current assets 12,378 10,917
Property, Plant, and Equipment:    
In service 151,437 146,114
Less: Accumulated depreciation 45,868 43,483
Plant in service, net of depreciation 105,569 102,631
Other utility plant, net 0 307
Nuclear fuel, at amortized cost 902 897
Construction work in progress 11,874 10,534
Total property, plant, and equipment 118,345 114,369
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 3,110 2,947
Equity investments in unconsolidated subsidiaries 1,428 1,318
Miscellaneous property and investments 701 714
Total other property and investments 10,687 10,440
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,369 1,358
Deferred charges related to income taxes 1,094 948
Regulatory assets – asset retirement obligations 5,042 5,129
Other regulatory assets, deferred 7,577 7,427
Other deferred charges and assets 1,661 1,436
Total deferred charges and other assets 20,617 19,994
Total Assets 162,027 155,720
Current Liabilities:    
Securities due within one year 4,694 6,220
Accounts payable —    
Customer deposits 487 475
Accrued interest 812 807
Accrued compensation 927 1,418
Asset retirement obligations 658 662
Other regulatory liabilities 190 240
Other current liabilities 1,146 1,157
Total current liabilities 15,734 16,888
Long-term Debt 68,756 65,649
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 12,628 12,133
Deferred credits related to income taxes 4,611 4,712
Accumulated deferred ITCs 2,066 2,002
Employee benefit obligations 1,029 980
Operating lease obligations 1,298 1,287
Asset retirement obligations, deferred 8,917 8,939
Other regulatory liabilities, deferred 712 722
Other deferred credits and liabilities 1,850 1,505
Total deferred credits and other liabilities 35,195 34,316
Total Liabilities 119,685 116,853
Total Liabilities and Stockholders' Equity 162,027 155,720
Alabama Power    
Current Assets:    
Cash and cash equivalents 402 566
Receivables —    
Unbilled revenues 216 189
Other accounts and notes 84 113
Accumulated provision for uncollectible accounts (23) (23)
Fossil fuel stock 294 303
Materials and supplies 746 732
Prepaid expenses 152 86
Other regulatory assets 372 344
Other current assets 84 80
Total current assets 3,034 2,986
Property, Plant, and Equipment:    
In service 40,731 38,915
Less: Accumulated depreciation 14,001 12,816
Plant in service, net of depreciation 26,730 26,099
Other utility plant, net 0 307
Nuclear fuel, at amortized cost 276 290
Construction work in progress 1,386 1,441
Total property, plant, and equipment 28,392 28,137
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,653 1,542
Equity investments in unconsolidated subsidiaries 53 48
Miscellaneous property and investments 123 123
Total other property and investments 1,829 1,713
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 89 86
Deferred charges related to income taxes 263 261
Prepaid pension and other postretirement benefit costs 1,061 1,016
Regulatory assets – asset retirement obligations 1,454 1,518
Other regulatory assets, deferred 2,146 1,982
Other deferred charges and assets 411 425
Total deferred charges and other assets 5,424 5,288
Total Assets 38,679 38,124
Current Liabilities:    
Securities due within one year 303 625
Accounts payable —    
Customer deposits 115 113
Accrued taxes 187 105
Accrued interest 137 134
Accrued compensation 185 275
Asset retirement obligations 261 256
Other regulatory liabilities 58 89
Other current liabilities 148 135
Total current liabilities 2,079 2,602
Long-term Debt 11,670 11,388
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,351 4,209
Deferred credits related to income taxes 1,535 1,585
Accumulated deferred ITCs 105 115
Employee benefit obligations 138 152
Operating lease obligations 80 78
Asset retirement obligations, deferred 3,387 3,423
Other regulatory liabilities, deferred 216 252
Other deferred credits and liabilities 587 326
Total deferred credits and other liabilities 10,399 10,140
Total Liabilities 24,148 24,130
Total common stockholders' equity 14,531 13,994
Total Liabilities and Stockholders' Equity 38,679 38,124
Alabama Power | Nonrelated Party    
Receivables —    
Customer accounts and affiliated 587 470
Accounts payable —    
Affiliated and Other 422 576
Alabama Power | Related Party    
Receivables —    
Customer accounts and affiliated 120 126
Accounts payable —    
Affiliated and Other $ 263 $ 294