Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 645

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 645
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— 70 — — 70 Cash dividends on common stock— — — (170)— (170)Balance at December 31, 20221 38 4,652 (2,759)— 1,931 Net income— — — 188 — 188 Capital contributions from parent company— — 69 — — 69 Cash dividends on common stock— — — (185)— (185)Balance at December 31, 20231 38 4,721 (2,756)— 2,003 Net income— — — 199 — 199 Capital contributions from parent company— — 70 — — 70 Other comprehensive income— — — — 5 5 Cash dividends on common stock— — — (188)— (188)Balance at December 31, 20241 $38 $4,791 $(2,745)$5 $2,089 

The accompanying notes are an integral part of these financial statements.

II-96

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the stockholder and the Board of Directors of Southern Power Company and Subsidiary Companies

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Southern Power Company and subsidiary companies (Southern Power) (a wholly-owned subsidiary of The Southern Company) as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2024, the related notes, and the financial statement schedule listed in the Index at Item 15 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Southern Power as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of Southern Power's management. Our responsibility is to express an opinion on Southern Power's financial statements based on