Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 251

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 251
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 collateral. The fair value amounts of derivative assets and liabilities on the balance sheets are presented net to the extent that there are netting arrangements or similar agreements with the counterparties.

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

The fair value of energy-related derivatives, interest rate derivatives, and foreign currency derivatives was reflected as either assets or liabilities in the balance sheets (included in "Other" or shown separately as "Risk Management Activities") as follows:At June 30, 2025At December 31, 2024Derivative Category and Balance Sheet LocationAssetsLiabilitiesAssetsLiabilities(in millions)Southern CompanyEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$57 $38 $33 $82 Non-current63 26 42 40 Total derivatives designated as hedging instruments for regulatory purposes120 64 75 122 Derivatives designated as hedging instruments in cash flow and fair value hedgesEnergy-related derivatives:Current5 2 4 3 Non-current4 — 4 — Interest rate derivatives:Current9 57 — 61 Non-current— 149 — 208 Foreign currency derivatives:Current26 22 — 36 Non-current8 — — 182 Total derivatives designated as hedging instruments in cash flow and fair value hedges52 230 8 490 Energy-related derivatives not designated as hedging instrumentsCurrent4 6 5 3 Non-current— — 1 — Total derivatives not designated as hedging instruments4 6 6 3 Gross amounts recognized176 300 89 615 Gross amounts offset(a)(56)(62)(44)(61)Net amounts recognized in the Balance Sheets(b)$120 $238 $45 $554 Alabama PowerEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$23 $13 $11 $30 Non-current24 10 15 12 Total derivatives designated as hedging instruments for regulatory purposes47 23 26 42 Gross amounts offset(20)(20)(19)(19)Net amounts recognized in the Balance Sheets$27 $3 $7 $23 

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED