Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1821

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1821
---
UE FROM CONTRACTS WITH CUSTOMERS

The Registrants generate revenues from a variety of sources, some of which are not accounted for as revenue from contracts with customers, such as leases, derivatives, and certain cost recovery mechanisms. Included in the wholesale electric revenues of the traditional electric operating companies and Southern Power are revenues associated with affiliate transactions. These revenues are generated through long-term PPAs or short-term energy sales made in accordance with the IIC, as approved by the FERC. Amounts related to these affiliate revenues are eliminated in consolidation for Southern Company. See Note 1 under "Affiliate Transactions" and "Revenues" for additional information. See Notes 9 and 14 for additional information on revenue accounted for under lease and derivative accounting guidance, respectively.The following table disaggregates revenue from contracts with customers for the periods presented:Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)2024Operating revenuesRetail electric revenuesResidential$8,276 $3,133 $4,835 $308 $— $— Commercial6,585 2,042 4,219 324 — — Industrial3,892 1,742 1,808 342 — — Other124 13 102 9 — — Total retail electric revenues18,877 6,930 10,964 983 — — Natural gas distribution revenuesResidential1,753 — — — — 1,753 Commercial417 — — — — 417 Transportation1,295 — — — — 1,295 Industrial 34 — — — — 34 Other316 — — — — 316 Total natural gas distribution revenues3,815 — — — — 3,815 Wholesale electric revenuesPPA energy revenues1,059 206 94 4 778 — PPA capacity revenues641 108 136 63 400 — Non-PPA revenues226 139 5 375 230 — Total wholesale electric revenues1,926 453 235 442 1,408 — Other natural gas revenuesGas marketing services507 — — — — 507 Other18 — — — — 18 Total other natural gas revenues525 — — —