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SEC Filings

10-Q
ALABAMA POWER CO filed this Form 10-Q on 11/01/2017
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NOTES TO THE CONDENSED FINANCIAL STATEMENTS: (Continued)
(UNAUDITED)

 
As of September 30, 2017
As of December 31, 2016
Derivative Category and Balance Sheet Location
Assets
Liabilities
Assets
Liabilities
 
(in millions)
(in millions)
 
 
 
 
 
Mississippi Power
 
 
 
 
Derivatives designated as hedging instruments for regulatory purposes
 
 
 
 
Energy-related derivatives:
 
 
 
 
Other current assets/Other current liabilities
$
1

$
4

$
2

$
6

Other deferred charges and assets/Other deferred credits and liabilities
2

3

2

5

Total derivatives designated as hedging instruments for regulatory purposes
$
3

$
7

$
4

$
11

Derivatives designated as hedging instruments in cash flow and fair value hedges
 
 
 
 
Interest rate derivatives:
 
 
 
 
Other current assets/Other current liabilities
$
2

$

$
2

$

Other deferred charges and assets/Other deferred credits and liabilities


1


Total derivatives designated as hedging instruments in cash flow and fair value hedges
$
2

$

$
3

$

Gross amounts recognized
$
5

$
7

$
7

$
11

Gross amounts offset
$
(3
)
$
(3
)
$
(3
)
$
(3
)
Net amounts recognized in the Balance Sheets
$
2

$
4

$
4

$
8

 
 
 
 
 
Southern Power
 
 
 
 
Derivatives designated as hedging instruments in cash flow and fair value hedges
 
 
 
 
Energy-related derivatives:
 
 
 
 
Other current assets/Other current liabilities
$
8

$
4

$
18

$
4

Foreign currency derivatives:
 
 
 
 
Other current assets/Other current liabilities

23


25

Other deferred charges and assets/Other deferred credits and liabilities
103



33

Total derivatives designated as hedging instruments in cash flow and fair value hedges
$
111

$
27

$
18

$
62

Derivatives not designated as hedging instruments
 
 
 
 
Energy-related derivatives:
 
 
 
 
Other current assets/Other current liabilities
$
1

$

$
3

$
1

Interest rate derivatives:
 
 
 
 
Other current assets/Other current liabilities


1


Total derivatives not designated as hedging instruments
$
1

$

$
4

$
1

Gross amounts recognized
$
112

$
27

$
22

$
63

Gross amounts offset
$
(1
)
$
(1
)
$
(5
)
$
(5
)
Net amounts recognized in the Balance Sheets
$
111

$
26

$
17

$
58


262

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