Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 362

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 362
---
 and $265 million in AROs and regulatory assets associated with AROs, respectively, primarily related to cost estimate updates;

•a decrease of $258 million in other accounts payable primarily due to the timing of vendor payments; and

•an increase of $211 million in accrued taxes primarily due to property tax accruals.

See "Financing Activities – Alabama Power" and Notes (A) and (K) to the Condensed Financial Statements under "Asset Retirement Obligations" and "Alabama Power," respectively, herein for additional information.

Georgia Power

Significant balance sheet changes for the nine months ended September 30, 2025 included:

•an increase of $3.9 billion in total property, plant, and equipment primarily related to the construction of generation, transmission, and distribution facilities, including costs associated with Plant Yates Units 8, 9, and 10;

•an increase of $2.7 billion in long-term debt (including securities due within one year) primarily due to net issuances of senior notes;

•an increase of $2.5 billion in common stockholder's equity primarily due to net income and capital contributions from Southern Company, partially offset by dividends paid to Southern Company;

•an increase of $840 million in cash and cash equivalents, as reflected in the statements of cash flows and discussed further under "Analysis of Cash Flows – Georgia Power" herein;

•a decrease of $482 million in under recovered retail fuel clause revenues primarily resulting from increased recovery of deferred fuel expense as ordered in Georgia Power's 2023 fuel cost recovery case;

•a decrease of $460 million in accounts payable primarily related to timing of vendor payments; and

•an increase of $397 million in accumulated deferred income taxes primarily related to an increase in property-related timing differences.

See "Financing Activities – Georgia Power" and Notes (B) and (G) to the Condensed Financial Statements under "Georgia Power – Other Construction" and "Georgia Power," respectively, herein and Note 2 to the financial statements under "Georgia Power – Fuel Cost Recovery" in Item 8 of the Form 10-K for additional information.

Mississippi Power

Significant balance sheet changes for the nine months ended September 30, 2025 included:

•an increase of $118 million in total property, plant, and equipment primarily related to the construction of transmission and distribution facilities;

145

    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FIN