Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 592

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 592
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 Borrowings

The Registrants, Nicor Gas, and SEGCO make short-term borrowings primarily through commercial paper programs that have the liquidity support of the committed bank credit arrangements described above. Southern Power's subsidiaries are not issuers or obligors under its commercial paper program. Commercial paper and short-term bank term loans are included in notes payable in the balance sheets. Details of the Registrants' short-term borrowings were as follows:

Short-term Debt at the End of the PeriodAmountOutstandingWeighted AverageInterest RateDecember 31,December 31,202420232022202420232022(in millions)Southern Company$1,338 $2,314 $2,609 4.8 %5.7 %4.9 %Alabama Power— 40 — — 5.5 — Georgia Power200 1,329 1,600 5.3 5.9 5.0 Mississippi Power14 — — 4.6 — — Southern Power— 138 225 — 5.5 4.7 Southern Company Gas:Southern Company Gas Capital$283 $23 $285 4.7 %5.5 %4.8 %Nicor Gas172 392 483 4.6 5.5 4.7 Southern Company Gas Total$455 $415 $768 4.7 %5.5 %4.7 %

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    Table of Contents                                Index to Financial Statements        COMBINED MANAGEMENT'S DISCUSSION AND ANALYSIS

Short-term Debt During the Period(*)Average Amount OutstandingWeighted AverageInterest RateMaximum Amount Outstanding202420232022202420232022202420232022(in millions)(in millions)Southern Company$1,606 $2,191 $1,995 5.6 %5.6 %2.2 %$3,211 $3,270 $2,894 Alabama Power50 44 6 5.5 5.0 2.1 250 230 200 Georgia Power560 1,440 673 6.0 5.8 3.1 1,422 2,260 1,710 Mississippi Power40 56 8 5.4 5.5