Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1550

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1550
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17,384 $16,198 

II-169

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

At December 31, 2024Balance Outstanding atDecember 31,MaturityWeighted AverageInterest Rate20242023(in millions)Mississippi PowerSenior notes2026-20544.33%$1,575 $1,525 Revenue bonds(c)2025-20523.16%111 111 Finance lease obligations(e)14 16 Unamortized debt premium (discount), net2 1 Unamortized debt issuance expenses(9)(9)Total long-term debt1,693 1,644 Less: Amount due within one year12 201 Total long-term debt excluding amount due within one year$1,681 $1,443 Southern PowerSenior notes(a)2025-20464.05%$2,695 $2,728 Unamortized debt premium (discount), net(4)(4)Unamortized debt issuance expenses(11)(13)Total long-term debt2,680 2,711 Less: Amount due within one year500 — Total long-term debt excluding amount due within one year$2,180 $2,711 Southern Company GasSenior notes2025-20514.41%$5,375 $4,930 First mortgage bonds(d)2025-20643.79%2,775 2,500 Medium-term notes2026-20277.03%84 84 Other long-term debt2025-20453.81%68 59 Unamortized fair value adjustment275 302 Unamortized debt premium (discount), net(9)(8)Unamortized debt issuance expenses(37)(34)Total long-term debt8,531 7,833 Less: Amount due within one year302 — Total long-term debt excluding amount due within one year$8,229 $7,833 (a)Includes a fair value gain (loss) of $(45) million and $(12) million at December 31, 2024 and 2023, respectively, related to Southern Power's foreign currency hedge on its euro-denominated senior notes.(b)Secured by a first priority lien on (i) Georgia Power's undivided ownership interest in Plant Vogtle Units