Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1577

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1577
---
0.3)— (0.6)— — — Employee stock plans' dividend deduction(0.5)— — — — — Non-deductible book depreciation0.7 0.7 0.8 0.4 — — Flowback of excess deferred income taxes(9.2)(19.8)(2.6)(10.2)— (2.6)AFUDC-Equity(1.1)(1.2)(1.2)— — — Federal PTCs(1.2)— (1.4)— (7.4)— ITC amortization(1.3)(0.1)(0.1)— (19.0)— Noncontrolling interests0.6 — — — 11.1 — Other(0.2)(0.2)(0.3)0.1 0.1 (0.6)Effective income tax rate11.4 %5.6 %17.7 %16.2 %5.1 %25.6 %

II-187

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

2022Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern PowerSouthern Company GasFederal statutory rate21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %State income tax, net of federal deduction7.8 4.8 3.3 4.4 1.9 6.4 Changes in valuation allowance, net of federal benefit(1.6)— 3.2 — — — Employee stock plans' dividend deduction(0.5)— — — — — Non-deductible book depreciation0.6 0.5 0.6 0.3 — — Flowback of excess deferred income taxes(6.6)(1.9)(9.6)(7.8)— (2.5)AFUDC-Equity(1.1)(0.8)(1.5)— — — Federal PTCs— — — — (6.6)— ITC amortization(1.3)(0.1)(