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Acquisitions and Dispositions | 6 Months Ended
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Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Acquisitions and Dispositions | ACQUISITIONS AND DISPOSITIONS See Note 15 to the financial statements in Item 8 of the Form 10-K for additional information. Southern Power Construction Projects During the six months ended June 30, 2024, Southern Power completed construction of and placed in service the 150-MW South Cheyenne solar facility. In addition, Southern Power continued construction of the 200-MW first phase and the 180-MW second phase of the Millers Branch solar facility. Southern Power also committed to expand construction by an additional 90 MWs through a third phase of the Millers Branch solar project. At June 30, 2024, the total cost of construction incurred for the Millers Branch project was $117 million, which is primarily included in CWIP.
Project Facility | Resource | Approximate Nameplate Capacity (MW) | Location | Projected/ Actual COD | PPA Contract Period
Projects Completed During the Six Months Ended June 30, 2024
South Cheyenne | Solar | 150 | Laramie County, WY | Second quarter 2024 | 20 years
Projects Under Construction at June 30, 2024
Millers Branch(*) |  |  |  |  |
Phase I | Solar | 200 | Haskell County, TX | Fourth quarter 2025 | 20 years
Phase II | Solar | 180 | Haskell County, TX | Second quarter 2026 | 15 years
Phase III | Solar | 90 | Haskell County, TX | Fourth quarter 2026 | 15 years
(*)The Millers Branch project includes an option to expand capacity up to a total of approximately 500 MWs.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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