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Condensed Balance Sheets (Unaudited) - APC - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,264 $ 1,070
Receivables —    
Customer accounts and affiliated 2,301 2,228
Unbilled revenues 895 825
Other accounts and notes 553 597
Accumulated provision for uncollectible accounts (83) (74)
Fossil fuel stock 740 803
Materials and supplies 2,138 2,178
Prepaid expenses 482 294
Other regulatory assets 732 804
Other current assets 439 476
Total current assets 10,801 10,694
Property, Plant, and Equipment:    
In service 140,888 137,143
Less: Accumulated depreciation 41,703 40,126
Plant in service, net of depreciation 99,185 97,017
Other utility plant, net 363 410
Nuclear fuel, at amortized cost 907 873
Construction work in progress 7,686 6,389
Total property, plant, and equipment 108,141 104,689
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 2,762 2,621
Equity investments in unconsolidated subsidiaries 1,425 1,416
Miscellaneous property and investments 699 668
Total other property and investments 10,363 10,198
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,405 1,386
Deferred charges related to income taxes 899 889
Regulatory assets – asset retirement obligations 5,115 5,458
Other regulatory assets, deferred 7,338 7,037
Other deferred charges and assets 1,390 1,467
Total deferred charges and other assets 19,548 19,599
Total Assets 148,853 145,180
Current Liabilities:    
Securities due within one year 5,365 4,718
Accounts payable —    
Customer deposits 468 486
Accrued interest 775 682
Accrued compensation 825 1,261
Asset retirement obligations 683 731
Other regulatory liabilities 264 369
Other current liabilities 1,041 1,100
Total current liabilities 14,570 15,993
Long-term Debt 62,983 58,768
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 12,294 11,730
Deferred credits related to income taxes 4,446 4,434
Accumulated deferred ITCs 2,017 2,056
Employee benefit obligations 993 1,011
Operating lease obligations 1,288 1,253
Asset retirement obligations, deferred 8,862 9,203
Other regulatory liabilities, deferred 671 692
Other deferred credits and liabilities 1,359 1,350
Total deferred credits and other liabilities 33,958 33,745
Total Liabilities 111,511 108,506
Total Liabilities and Stockholders' Equity 148,853 145,180
Alabama Power    
Current Assets:    
Cash and cash equivalents 394 585
Receivables —    
Unbilled revenues 226 187
Other accounts and notes 78 126
Accumulated provision for uncollectible accounts (21) (22)
Fossil fuel stock 307 339
Materials and supplies 714 699
Prepaid expenses 219 63
Other regulatory assets 327 332
Other current assets 96 79
Total current assets 2,991 2,991
Property, Plant, and Equipment:    
In service 37,344 36,501
Less: Accumulated depreciation 12,181 11,741
Plant in service, net of depreciation 25,163 24,760
Other utility plant, net 363 410
Nuclear fuel, at amortized cost 292 262
Construction work in progress 1,358 1,377
Total property, plant, and equipment 27,176 26,809
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,456 1,386
Equity investments in unconsolidated subsidiaries 45 48
Miscellaneous property and investments 133 129
Total other property and investments 1,634 1,563
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 84 84
Deferred charges related to income taxes 267 264
Prepaid pension and other postretirement benefit costs 886 841
Regulatory assets – asset retirement obligations 1,562 1,780
Other regulatory assets, deferred 1,934 1,815
Other deferred charges and assets 423 391
Total deferred charges and other assets 5,156 5,175
Total Assets 36,957 36,538
Current Liabilities:    
Securities due within one year 624 655
Accounts payable —    
Customer deposits 115 113
Accrued taxes 134 78
Accrued interest 128 120
Accrued compensation 171 240
Asset retirement obligations 271 364
Other regulatory liabilities 35 165
Other current liabilities 94 219
Total current liabilities 2,267 2,878
Long-term Debt 10,881 10,499
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 4,327 4,178
Deferred credits related to income taxes 1,404 1,398
Accumulated deferred ITCs 109 113
Employee benefit obligations 153 148
Operating lease obligations 76 76
Asset retirement obligations, deferred 3,482 3,694
Other regulatory liabilities, deferred 208 271
Other deferred credits and liabilities 250 195
Total deferred credits and other liabilities 10,009 10,073
Total Liabilities 23,157 23,450
Total common stockholders' equity 13,800 13,088
Total Liabilities and Stockholders' Equity 36,957 36,538
Alabama Power | Nonrelated Party    
Receivables —    
Customer accounts and affiliated 512 512
Accounts payable —    
Affiliated and Other 397 625
Alabama Power | Related Party    
Receivables —    
Customer accounts and affiliated 139 91
Accounts payable —    
Affiliated and Other $ 298 $ 299