Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 185

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 185
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 Non-current70 37 42 40 Total derivatives designated as hedging instruments for regulatory purposes200 52 75 122 Derivatives designated as hedging instruments in cash flow and fair value hedgesEnergy-related derivatives:Current17 — 4 3 Non-current4 — 4 — Interest rate derivatives:Current5 58 — 61 Non-current— 176 — 208 Foreign currency derivatives:Current— 35 — 36 Non-current— 126 — 182 Total derivatives designated as hedging instruments in cash flow and fair value hedges26 395 8 490 Energy-related derivatives not designated as hedging instrumentsCurrent5 11 5 3 Non-current— — 1 — Total derivatives not designated as hedging instruments5 11 6 3 Gross amounts recognized231 458 89 615 Gross amounts offset(a)(61)(56)(44)(61)Net amounts recognized in the Balance Sheets(b)$170 $402 $45 $554 Alabama PowerEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$42 $6 $11 $30 Non-current25 11 15 12 Total derivatives designated as hedging instruments for regulatory purposes67 17 26 42 Gross amounts offset(16)(16)(19)(19)Net amounts recognized in the Balance Sheets$51 $1 $7 $23 

70

    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

At March 31, 2025At December 31, 2024Derivative Category and Balance Sheet LocationAssetsLiabilitiesAssetsLiabilities(in millions)Georgia PowerEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$41 $4 $6 $32 Non-current23 9 13 9 Total derivatives designated as hedging instruments for regulatory purposes64 13 19 41 Energy-related derivatives not designated as hedging instrumentsCurrent— 5 — 1 Gross amounts recognized64 18 19 42 Gross amounts offset(13)(13)(15)(15)Net amounts recognized in the Balance Sheets$51 $5 $4 $27 Mississippi PowerEnergy-related derivatives designated as hedging instruments for regulatory