Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 57

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 57
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 of $657 million and $691 million, respectively. 

60

    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Under the terms of the partnership agreements, distributions of all available cash are required each month or quarter and additional distributions require partner consent.

Southern Company GasThe carrying amounts of Southern Company Gas' equity method investments at June 30, 2025 and December 31, 2024 were as follows:Investment BalanceAt June 30, 2025At December 31, 2024(in millions)SNG$1,266 $1,245 Other34 34 Total$1,300 $1,279 The earnings from Southern Company Gas' equity method investment in SNG were $23 million and $32 million for the three months ended June 30, 2025 and 2024, respectively, and $62 million and $76 million for the six months ended June 30, 2025 and 2024, respectively. The earnings from Southern Company Gas' other equity method investments were immaterial for all periods presented.

(F) FINANCING

Bank Credit ArrangementsSee Note 8 to the financial statements under "Bank Credit Arrangements" in Item 8 of the Form 10-K for additional information.At June 30, 2025, committed credit arrangements with banks were as follows:ExpiresCompany202620272030TotalUnusedExpires withinOne Year(in millions)Southern Company parent(a)$— $500 $2,500 $3,000 $2,999 $— Alabama Power(b)665 — 700 1,365 1,364 — Georgia Power— — 2,050 2,050 2,026 — Mississippi Power(a)— 125 150 275 275 — Southern Power(a)(c)— — 600 600 600 — Southern Company Gas(d)— — 1,600 1,600 1,598 — SEGCO30 — — 30 30 30 Southern Company$695 $625 $7,600 $8,920 $8,892 $30 (a)Arrangement expiring in 2030 represents a $3.25 billion combined arrangement for Southern Company, Mississippi Power, and Southern Power