Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1026

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 1026
---
 31, 2024 that extend beyond 2029 are 

II-53

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

included in the table below. Purchased power costs represent estimated minimum obligations for various PPAs for the purchase of capacity and energy, except for those accounted for as leases, which are discussed in Note 9 to the financial statements.

20252026202720282029Thereafter(in millions)Southern Company(*)$3,820 $3,207 $2,740 $2,099 $1,346 $4,245 Alabama Power1,356 1,055 891 695 305 1,039 Georgia Power(*)1,371 1,195 1,046 866 623 1,759 Mississippi Power447 428 371 271 197 866 Southern Power709 595 501 340 221 581 

(*)Excludes capacity payments related to Plant Vogtle Units 1 and 2, which are discussed in Note 3 to the financial statements under "Commitments."

The traditional electric operating companies and Southern Power have entered into LTSAs for the purpose of securing maintenance support for certain of their generating facilities. See Note 1 to the financial statements under "Long-term Service Agreements" for additional information. As discussed under "Capital Expenditures" herein, estimated expenditures related to LTSAs are included in the applicable Registrants' construction programs for the years 2025 through 2029. Total estimated payments for LTSA commitments at December 31, 2024 that extend beyond 2029 are provided in the following table and include price escalation based on inflation indices:

SouthernCompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern Power(in millions)LTSA commitments (after 2029)$1,416 $317 $120 $142 $837 

In addition, Southern Power has certain other operations and maintenance agreements. Total estimated costs for these commitments at December 31, 2024 are provided in the table below.

20252026202720282029Thereafter(in millions)Southern Power's operations and maintenance agreements$67 $51 $49 $46 $40 $274 

Southern Company Gas has commitments for pipeline charges, storage capacity, and gas supply, including charges recoverable through natural gas cost recovery mechanisms or, alternatively, billed to marketers selling retail natural