Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1656

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1656
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20233 26 — 25 4 20222 21 — 20 3 Mississippi Power2024$1 $2 $— $2 $1 20231 2 — 2 1 20221 1 1 2 1 Southern Power2024$1 $(1)$— $— $— 20231 — — — 1 20225 (2)— 2 1 Southern Company Gas2024$44 $39 $(1)$49 $33 202350 43 3 52 44 202239 55 — 44 50 (*)Deductions represent write-offs of accounts considered to be uncollectible, less recoveries of amounts previously written off.

IV-2

    Table of Contents                                Index to Financial Statements

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS (CONTINUED)FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022AdditionsDescriptionBalance at Beginning of PeriodCharged to IncomeCharged to Other AccountsDeductionsBalance at End of Period(in millions)Tax valuation allowance (net state):Southern Company(a)(b)(c)2024$168 $97 $3 $— $268 2023207 (14)(25)— 168 2022169 68 (30)— 207 Georgia Power(b)2024$60 $97 $(33)$— $124 202398 (15)(23)— 60 202258 70 (30)— 98 Mississippi Power(c)2024$32 $— $— $— $32 202332 — — — 32 202232 — — — 32 Southern Power(c)2024$21 $— $— $— $21 202321 — — — 21 202221 — — — 21 Southern Company Gas(c)2024$5 $— $(1)$— $4 20237 — (2)— 5 20227 — — — 7 (a)In 2024, Southern Company established a valuation allowance for certain Georgia state tax credits expected to expire prior to