Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 144

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 144
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ents, and Restricted Cash at End of Period$192 $132 Supplemental Cash Flow Information:Cash paid (received) during the period for —Interest (net of $3 and $2 capitalized for 2025 and 2024, respectively)$22 $23 Income taxes, net (excludes credit transfers)— (9)Noncash transactions —Accrued property additions at end of period99 40 Right-of-use assets obtained under operating leases2 — 

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

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    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

AssetsAt March 31, 2025At December 31, 2024 (in millions)Current Assets:Cash and cash equivalents$188 $159 Receivables —Customer accounts, net136 122 Affiliated28 39 Other93 90 Materials and supplies111 107 Other current assets77 82 Total current assets633 599 Property, Plant, and Equipment:In service14,939 14,961 Less: Accumulated provision for depreciation4,656 4,540 Plant in service, net of depreciation10,283 10,421 Construction work in progress492 317 Total property, plant, and equipment10,775 10,738 Other Property and Investments:Intangible assets, net of amortization of $173 and $168, respectively218 223 Net investment in sales-type leases141 143 Total other property and investments359 366 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization485 484 Prepaid LTSAs247 234 Other deferred charges and assets238 232 Total deferred charges and other assets970 950 Total Assets$12,737 $12,653 

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

33

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholders' EquityAt March 31, 2025At December 31, 2024