Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 169

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 169
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 certain revenue bonds of the traditional electric operating companies and the commercial paper programs of the Registrants, Nicor Gas, and SEGCO. At March 31, 2025, outstanding variable rate demand revenue bonds of the traditional electric operating companies with allocated liquidity support totaled approximately $1.5 billion (comprised of approximately $796 million at Alabama Power, $667 million at Georgia Power, and $69 million at Mississippi Power). In addition, at March 31, 2025, Alabama Power and Georgia Power had approximately $207 million and $386 million, respectively, of fixed rate revenue bonds outstanding that are required to be remarketed within the next 12 months. Alabama Power's $207 million of fixed rate revenue bonds are classified as securities due within one year on its balance sheets as they are not covered by long-term committed credit. All other variable rate demand revenue bonds and fixed rate revenue bonds required to be remarketed within the next 12 months are classified as long-term debt on the balance sheets as a result of available long-term committed credit.

Equity Distribution AgreementSee Note 8 to the financial statements under "Equity Distribution Agreement" in Item 8 of the Form 10-K for additional information.The table below reflects shares of Southern Company common stock sold under separate forward sale contracts with forward purchasers during the three months ended March 31, 2025.Shares SoldInitial Forward Price per ShareTo be Settled On or Before    292,694(a)$83.3293December 31, 2025563,386$87.9027December 31, 20251,000,000$88.7502June 30, 20261,000,000$88.7739June 30, 20261,000,000$91.2856June 30, 20261,000,000$89.1444June 30, 20261,000,000$88.8490June 30, 20261,000,000$88.8903June 30, 2026    314,609(b)    $90.9196(b)June 30, 2026(a)The total number of shares sold under this forward sale contract is 436,614, of which the first 143,920 shares were sold in December 2024.(b)The total number of shares sold under this forward sale contract is 1,000,000, of which the remaining 685,391 shares