Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1855

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1855
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4, there was no dilution resulting from the Series 2024A Convertible Senior Notes and the forward sale contracts, and the dilution resulting from the Series 2023A Convertible Senior Notes was immaterial.Preferred Stock of SubsidiariesAs discussed further under "Alabama Power" herein, during 2022, Alabama Power redeemed all of its preferred stock and Class A preferred stock.

Alabama PowerAlabama Power has preferred stock, Class A preferred stock, preference stock, and common stock authorized, but only common stock outstanding at December 31, 2024.

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

During 2022, Alabama Power redeemed all of its preferred stock and Class A preferred stock at the redemption prices per share provided in the table below, plus accrued and unpaid dividends to the redemption date.Preferred Stock Redeemed During 2022Par Value/Stated Capital Per ShareSharesRedemptionPrice Per Share4.92% Preferred Stock$10080,000 $103.234.72% Preferred Stock$10050,000 $102.184.64% Preferred Stock$10060,000 $103.144.60% Preferred Stock$100100,000 $104.204.52% Preferred Stock$10050,000 $102.934.20% Preferred Stock$100135,115 $105.005.00% Class A Preferred Stock $2510,000,000 $25.00

Georgia PowerGeorgia Power has preferred stock, Class A preferred stock, preference stock, and common stock authorized, but only common stock outstanding.

Mississippi Power

Mississippi Power has preferred stock and common stock authorized, but only common stock outstanding. 

Dividend RestrictionsThe income of Southern Company is derived primarily from equity in earnings of its subsidiaries. At December 31, 2024, consolidated retained earnings included $6.5 billion of undistributed retained earnings of the subsidiaries.The traditional electric operating companies and Southern Power can only pay dividends to Southern Company out of retained earnings or paid-in-capital.See Note 7 under "Southern Power" for information regarding the distribution requirements for certain Southern Power subsidiaries.By regulation, Nicor Gas is restricted, up to its retained earnings balance, in the amount it can dividend or loan to affiliates and is not permitted to make money pool loans to affiliates. At December 31, 2024, the amount of Southern Company Gas' subsidiary retained