Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1730

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1730
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 credits utilized from the sale of spare parts13 23 — Contributions from noncontrolling interests— — 15 

The accompanying notes are an integral part of these consolidated financial statements.

II-101

    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Power Company and Subsidiary Companies

Assets20242023(in millions)Current Assets:Cash and cash equivalents$159 $124 Receivables —Customer accounts, net122 136 Affiliated39 37 Other90 54 Materials and supplies107 80 Other current assets82 92 Total current assets599 523 Property, Plant, and Equipment:In service14,961 14,690 Less: Accumulated provision for depreciation4,540 4,119 Plant in service, net of depreciation10,421 10,571 Construction work in progress317 278 Total property, plant, and equipment10,738 10,849 Other Property and Investments:Intangible assets, net of amortization of $168 and $148, respectively223 243 Net investment in sales-type leases143 148 Total other property and investments366 391 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization484 488 Prepaid LTSAs234 248 Other deferred charges and assets232 262 Total deferred charges and other assets950 998 Total Assets$12,653 $12,761 

The accompanying notes are an integral part of these consolidated financial statements.

II-102

    Table of Contents                                Index to Financial Statements

CONSOLIDATED BALANCE SHEETS

At December 31, 2024 and 2023

Southern Power Company and Subsidiary Companies

Liabilities and Stockholders' Equity20242023(in millions)Current Liabilities:Securities due within one year$500 $— Notes payable— 138 Accounts payable —Affiliated80 82 Other100 91 Accrued taxes18 26 Accrued interest26 27 Operating lease obligations29 29 Other current liabilities96 97 Total current liabilities849 490 Long-Term Debt2,180 2,711 Deferred Credits and Other Liabilities:Accumulated deferred income taxes712 614 Accumulated deferred