Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 18

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 18
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 part of these condensed financial statements.

24

    Table of Contents                                Index to Financial Statements

GEORGIA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt September 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$1,368 $966 Notes payable— 200 Accounts payable —Affiliated925 984 Other1,436 1,837 Customer deposits263 256 Accrued taxes856 803 Accrued interest178 190 Accrued compensation263 276 Operating lease obligations176 169 Asset retirement obligations345 309 Other regulatory liabilities86 150 Other current liabilities239 296 Total current liabilities6,135 6,436 Long-term Debt19,656 17,384 Deferred Credits and Other Liabilities:Accumulated deferred income taxes4,782 4,385 Deferred credits related to income taxes2,051 2,047 Accumulated deferred ITCs337 343 Employee benefit obligations191 205 Operating lease obligations, deferred1,029 1,159 Asset retirement obligations, deferred4,999 5,106 Other deferred credits and liabilities552 509 Total deferred credits and other liabilities13,941 13,754 Total Liabilities39,732 37,574 Common Stockholder's Equity (See accompanying statements)26,227 23,681 Total Liabilities and Stockholder's Equity$65,959 $61,255 

The accompanying notes as they relate to Georgia Power are an integral part of these condensed financial statements.

25

    Table of Contents                                Index to Financial Statements

GEORGIA POWER COMPANY

CONDENSED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY (UNAUDITED)

 Number ofCommonSharesIssuedCommonStockPaid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Total (in millions)Balance at December 31, 20239 $398 $17,923 $3,071 $(9)$21,383 Net income— — — 437 — 437 Capital contributions from parent company— — 750 — — 750 Other comprehensive income— — — — 13 13 Cash dividends