Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 223

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 223
---
,338 5,074 466 — — Natural gas distribution revenuesResidential1,032 — — — — 1,032 Commercial245 — — — — 245 Transportation666 — — — — 666 Industrial 21 — — — — 21 Other176 — — — — 176 Total natural gas distribution revenues2,140 — — — — 2,140 Wholesale electric revenuesPPA energy revenues537 112 40 2 394 — PPA capacity revenues304 46 64 31 196 — Non-PPA revenues112 68 2 187 110 — Total wholesale electric revenues953 226 106 220 700 — Other natural gas revenuesGas marketing services300 — — — — 300 Other11 — — — — 11 Total other natural gas revenues311 — — — — 311 Other revenues746 114 337 22 21 — Total revenue from contracts with customers13,028 3,678 5,517 708 721 2,451 Other revenue sources(*)81 (14)(244)(2)276 87 Total operating revenues$13,109 $3,664 $5,273 $706 $997 $2,538 (*)Other revenue sources relate to revenues from customers accounted for as derivatives and leases, alternative revenue programs at Southern Company Gas, and cost recovery mechanisms and revenues (including those related to fuel costs) that meet other scope exceptions for revenues from contracts with customers at the traditional electric operating companies.

57

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

Contract BalancesThe following table reflects the closing balances of receivables, contract assets, and contract liabilities related to revenues from contracts with customers at June 30, 2025 and December 31, 2024:Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)Accounts ReceivableAt June 30, 2025$3,106 $778 $1,485 $133 $132 $451 At December 31, 20243,048