Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 212

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 212
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 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)

AssetsAt September 30, 2025At December 31, 2024 (in millions)Current Assets:Cash and cash equivalents$1,047 $159 Receivables —Customer accounts, net151 122 Affiliated39 39 Other33 90 Materials and supplies117 107 Other current assets85 82 Total current assets1,472 599 Property, Plant, and Equipment:In service15,019 14,961 Less: Accumulated provision for depreciation4,999 4,540 Plant in service, net of depreciation10,020 10,421 Construction work in progress861 317 Total property, plant, and equipment10,881 10,738 Other Property and Investments:Intangible assets, net of amortization of $183 and $168, respectively209 223 Net investment in sales-type leases138 143 Total other property and investments347 366 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization481 484 Prepaid LTSAs185 234 Other deferred charges and assets229 232 Total deferred charges and other assets895 950 Total Assets$13,595 $12,653 

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

34

    Table of Contents                                Index to Financial Statements

SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholders' EquityAt September 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$1,486 $500 Accounts payable —Affiliated60 80 Other168 100 Accrued taxes70 18 Accrued interest24 26 Operating lease obligations29 29 Other current liabilities82 96 Total current liabilities1,919 849 Long-term Debt2,353 2,180 Deferred Credits and Other Liabilities:Accumulated deferred income taxes590 712 Acc