v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - SPC - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 2,984 $ 1,639
Receivables —    
Customer accounts, net and Affiliated 2,301 2,251
Other 580 655
Materials and supplies 2,380 2,202
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
Construction work in progress 11,874 10,534
Total property, plant, and equipment 118,345 114,369
Other Property and Investments:    
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
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
Notes payable 2,132 722
Accounts payable —    
Accrued interest 812 807
Operating lease obligations 207 197
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
Accumulated deferred ITCs 2,066 2,002
Operating lease obligations, deferred 1,298 1,287
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 Stockholders' Equity (See accompanying statements) 42,342 38,867
Total Liabilities and Stockholders' Equity 162,027 155,720
SOUTHERN POWER CO    
Current Assets:    
Cash and cash equivalents 278 105
Receivables —    
Other 52 16
Materials and supplies 136 132
Prepaid income taxes 52 8
Other current assets 61 81
Total current assets 814 528
Property, Plant, and Equipment:    
In service 15,339 15,034
Less: Accumulated depreciation 5,564 5,214
Plant in service, net of depreciation 9,775 9,820
Construction work in progress 944 1,080
Total property, plant, and equipment 10,719 10,900
Other Property and Investments:    
Intangible assets, net of amortization 194 203
Net investment in sales-type leases 133 137
Total other property and investments 327 340
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 474 479
Prepaid LTSAs 198 170
Other deferred charges and assets 248 240
Total deferred charges and other assets 920 889
Total Assets 12,780 12,657
Current Liabilities:    
Securities due within one year 0 587
Notes payable 0 138
Accounts payable —    
Accrued taxes 21 9
Accrued interest 32 38
Operating lease obligations 31 31
Other current liabilities 75 92
Total current liabilities 336 1,076
Long-term Debt 2,950 2,353
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 655 579
Accumulated deferred ITCs 1,354 1,383
Operating lease obligations, deferred 505 510
Other deferred credits and liabilities 238 235
Total deferred credits and other liabilities 2,752 2,707
Total Liabilities 6,038 6,136
Total Stockholders' Equity (See accompanying statements) 6,742 6,521
Total Liabilities and Stockholders' Equity 12,780 12,657
SOUTHERN POWER CO | Nonrelated Party    
Receivables —    
Customer accounts, net and Affiliated 193 151
Accounts payable —    
Affiliated and Other 101 93
SOUTHERN POWER CO | Related Party    
Receivables —    
Customer accounts, net and Affiliated 42 35
Accounts payable —    
Affiliated and Other $ 76 $ 88