Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 297

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 297
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 equipment primarily related to the construction of transmission and distribution facilities; and

117

    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

•a decrease of $174 million in other accounts payable primarily due to the timing of vendor payments.

See "Financing Activities – Alabama Power" herein for additional information.

Georgia Power

Significant balance sheet changes for the three months ended March 31, 2025 included:

•an increase of $1.6 billion in long-term debt (including securities due within one year) primarily due to issuances of senior notes;

•an increase of $1.2 billion in total property, plant, and equipment primarily related to the construction of generation, transmission, and distribution facilities, including costs associated with Plant Yates Units 8, 9, and 10;

•an increase of $745 million in common stockholder's equity primarily due to capital contributions from Southern Company and net income, partially offset by dividends paid to Southern Company;

•a decrease of $582 million in accounts payable primarily related to storm restoration costs;

•a decrease of $376 million in accrued taxes primarily due to payments for municipal franchise fees and property taxes; and

•an increase of $286 million in cash and cash equivalents, as discussed further under "Analysis of Cash Flows – Georgia Power" herein.

See "Financing Activities – Georgia Power" and Note (B) to the Condensed Financial Statements under "Georgia Power – Other Construction" herein for additional information.

Mississippi Power

Significant balance sheet changes for the three months ended March 31, 2025 included:

•an increase of $99 million in long-term debt (including securities due within one year) primarily due to issuances of senior notes;

•a decrease of $65 million in accrued taxes is primarily due to the payment of ad valorem taxes;

•an increase of $57 million in common stockholder's equity related to net income and capital contributions from Southern Company, partially offset by dividends paid to Southern Company; and

•an increase of $50 million in other deferred credits and liabilities primarily due to contributions in aid of construction.

See "Financing Activities – Mississippi Power" herein for additional information.

Southern Power

Significant balance sheet changes for the three months ended March 31, 2025 included:

•an increase of $67 million in total stockholders' equity primarily due to capital contributions from Southern Company and