Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 12

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 12
---
Other current assets137 79 Total current assets3,107 2,991 Property, Plant, and Equipment:In service38,605 36,501 Less: Accumulated provision for depreciation12,614 11,741 Plant in service, net of depreciation25,991 24,760 Other utility plant, net331 410 Nuclear fuel, at amortized cost298 262 Construction work in progress1,412 1,377 Total property, plant, and equipment28,032 26,809 Other Property and Investments:Nuclear decommissioning trusts, at fair value1,526 1,386 Equity investments in unconsolidated subsidiaries46 48 Miscellaneous property and investments123 129 Total other property and investments1,695 1,563 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization82 84 Deferred charges related to income taxes268 264 Prepaid pension and other postretirement benefit costs922 841 Regulatory assets – asset retirement obligations1,515 1,780 Other regulatory assets, deferred1,914 1,815 Other deferred charges and assets413 391 Total deferred charges and other assets5,114 5,175 Total Assets$37,948 $36,538 

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

19

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt September 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$624 $655 Accounts payable —Affiliated302 299 Other367 625 Customer deposits115 113 Accrued taxes289 78 Accrued interest102 120 Accrued compensation261 240 Asset retirement obligations264 364 Other regulatory liabilities29 165 Other current liabilities136 219 Total current liabilities2,489 2,878 Long-term Debt11,381 10,499 Deferred Credits and Other Liabilities:Accumulated deferred income taxes4,361 4,178 Deferred credits related to income taxes1,382 1,398 Accumulated deferred ITCs107 113 Employee benefit obligations