Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1286

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1286
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773 — — — Estimated loss on regulatory disallowance20 — — — — 20 Other state deferred tax attributes366 — 26 224 49 16 Federal effect of net state deferred tax liabilities402 197 100 — 23 107 Other property basis differences176 — 75 — 85 — State effect of federal deferred taxes126 126 — — — — Other partnership basis differences60 — — — 60 — Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)18 18 — — — — Long-term debt fair value adjustment73 — — — — 73 Other comprehensive losses48 3 — — 1 — Other601 227 160 50 20 86 Total deferred income tax assets7,593 1,931 3,564 358 638 493 Valuation allowance(333)— (157)(41)(27)(6)Net deferred income tax assets7,260 1,931 3,407 317 611 487 Net deferred income taxes (assets)/liabilities$11,648 $4,178 $4,385 $410 $712 $1,796 Recognized in the balance sheets:Accumulated deferred income taxes – assets$(82)$— $— $(82)$— $— Accumulated deferred income taxes – liabilities$11,730 $4,178 $4,385 $492 $712 $1,796 

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

December 31, 2023Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)Deferred tax liabilities —Accelerated depreciation$9,683 $2,566 $3,628 $339 $1,346 $1,576 Property basis differences2,647 1,444 812 188 — 189 Employee benefit obligations979 321 446 49 12 74 AROs833 476 314 — — — Under recovered fuel and natural gas costs601 80 508 13 — — Regulatory assets –AROs1