v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - Southern - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 2,984 $ 1,639
Receivables —    
Customer accounts 2,301 2,251
Unbilled revenues 938 931
Under recovered fuel clause revenues 227 316
Other accounts and notes 580 655
Accumulated provision for uncollectible accounts (98) (84)
Materials and supplies 2,380 2,202
Fossil fuel for generation 728 735
Natural gas for sale 198 396
Prepaid expenses 370 327
Regulatory assets – asset retirement obligations 353 353
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:    
Goodwill 5,161 5,161
Nuclear decommissioning trusts, at fair value 3,110 2,947
Equity investments in unconsolidated subsidiaries 1,428 1,318
Other intangible assets, net of amortization 287 300
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
Prepaid pension costs 3,544 3,257
Unamortized loss on reacquired debt 179 187
Deferred under recovered fuel clause revenues 151 252
Regulatory assets – asset retirement obligations, deferred 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
Notes payable 2,132 722
Accounts payable 3,374 3,710
Customer deposits 487 475
Accrued taxes —    
Accrued income taxes 70 22
Other accrued taxes 695 982
Accrued interest 812 807
Accrued compensation 927 1,418
Asset retirement obligations 658 662
Liabilities from risk management activities, net of collateral 151 118
Operating lease obligations 207 197
Natural gas cost over recovery 191 158
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, deferred 1,298 1,287
Asset retirement obligations, deferred 8,917 8,939
Other cost of removal obligations 2,084 2,036
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 Stockholders' Equity 42,342 38,867
Total Liabilities and Stockholders' Equity $ 162,027 $ 155,720