Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1350

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1350
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,603 202316,343 2,467 1,188 19,998 202218,197 3,641 1,035 22,873 Southern Company Gas' RevenuesYearGasDistributionOperationsGasMarketingServicesAll OtherTotal(in millions)2024$3,899 $516 $41 $4,456 20234,090 548 64 4,702 20225,240 638 84 5,962 

Traditional Electric Operating CompaniesEach of the traditional electric operating companies' single reportable business segment is the sale of electricity. Revenues from products and services of the traditional electric operating companies are segregated into retail, wholesale, and other as reflected on their statements of income.Alabama Power and Georgia Power have identified utility operations and maintenance expenses as significant segment expenses provided to their CODMs. Utility operations and maintenance expenses is calculated as other operations and maintenance, as reflected on the statements of income, less expenses from unregulated products and services, losses (gains) on asset dispositions, impairment charges, and amortization of cloud software. Alabama Power's utility operations and maintenance expenses are disaggregated into expenses related to Rate RSE and Rate CNP Compliance, which are not applicable to Georgia Power. See Note 2 under "Alabama Power" for additional information.

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Financial data for Alabama Power's and Georgia Power's significant segment expenses and other segment information for the years ended December 31, 2024, 2023, and 2022 was as follows:202420232022(in millions)Alabama PowerOperating revenues$7,554 $7,050 $7,817 Utility operations and maintenanceRate RSE expenses1,480 1,421 1,645 Rate CNP Compliance expenses279 254 237 Total utility operations and maintenance1,759 1,675 1,882 Other segment items(a)(b)2,125 2,098 2,915 Depreciation and amortization1,459 1,401 875 Interest expense448 425 382 Income taxes360 81 423 Segment net income(b)$1,403 $1,370 $1,340 Capital expenditures$2,114 $2,159 $2,206 Georgia PowerOperating revenues$11,331 $10