Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 205

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 205
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$9 $16 $18 Southern Power(b)5 5 10 10 Southern Company GasGas marketing services1 1 3 3 (a)Includes $5 million for the three months ended June 30, 2025 and 2024 and $10 million for the six months ended June 30, 2025 and 2024 recorded as a reduction to operating revenues.(b)Recorded as a reduction to operating revenues.

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

Cash, Cash Equivalents, and Restricted CashThe following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed balance sheets that total to the amount shown in the condensed statements of cash flows for the applicable Registrants:Southern CompanyGeorgia PowerSouthern PowerSouthernCompany Gas(in millions)At June 30, 2025Cash and cash equivalents$1,264 $94 $143 $225 Restricted cash(*):Other current assets1 — — — Total cash, cash equivalents, and restricted cash$1,265 $94 $143 $225 At December 31, 2024Cash and cash equivalents$1,070 $97 $159 $43 Restricted cash(*):Other current assets31 21 9 1 Total cash, cash equivalents, and restricted cash$1,101 $118 $168 $44 (*)For Georgia Power, reflects remaining proceeds held at December 31, 2024 from the issuance of solid waste disposal facility revenue bonds in 2022. For Southern Power, reflects remaining proceeds held at December 31, 2024 from an arbitration award held to fund future replacement costs. For Southern Company, also reflects collateral of $1 million for life insurance and long-term disability insurance, which was included at Southern Holdings and Southern Company Gas at June 30, 2025 and December 31, 2024, respectively.Natural Gas for SaleWith the exception of Nicor Gas, Southern Company Gas records natural gas inventories on a WACOG basis. For any declines in market prices below the WACOG considered to be non-temporary, an adjustment is recorded to reduce the value of natural gas inventories to market value. Nicor Gas' natural gas inventory is carried at cost on a LIFO basis. Inventory decre