Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 20

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 20
---
AUDITED)

AssetsAt June 30, 2025At December 31, 2024 (in millions)Current Assets:Cash and cash equivalents$22 $13 Receivables —Customer accounts, net75 45 Unbilled revenues47 39 Affiliated50 33 Other accounts and notes24 24 Fossil fuel stock36 56 Materials and supplies103 103 Other regulatory assets38 43 Other current assets14 28 Total current assets409 384 Property, Plant, and Equipment:In service5,873 5,697 Less: Accumulated provision for depreciation1,906 1,833 Plant in service, net of depreciation3,967 3,864 Construction work in progress233 253 Total property, plant, and equipment4,200 4,117 Other Property and Investments148 152 Deferred Charges and Other Assets:Deferred charges related to income taxes27 27 Prepaid pension costs134 124 Deferred under recovered retail fuel clause revenues— 32 Regulatory assets – asset retirement obligations230 243 Other regulatory assets, deferred266 259 Accumulated deferred income taxes74 82 Other deferred charges and assets70 74 Total deferred charges and other assets801 841 Total Assets$5,558 $5,494 

The accompanying notes as they relate to Mississippi Power are an integral part of these condensed financial statements.

28

    Table of Contents                                Index to Financial Statements

MISSISSIPPI POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt June 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$12 $12 Notes payable32 14 Accounts payable —Affiliated69 68 Other72 83 Customer deposits19 20 Accrued taxes66 115 Accrued compensation29 46 Asset retirement obligations29 32 Over recovered retail fuel clause revenues— 32 Other regulatory liabilities3 5 Other current liabilities68 75 Total current liabilities399 502 Long-term Debt1,780 1,681 Deferred Credits and Other Liabilities:Accumulated deferred income taxes493 492 Deferred credits related to income taxes213 219 Employee benefit obligations65 65 Asset retirement obligations, deferred102