Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 4435

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 2
Chunk 4435
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Total Liabilities and Stockholder's Equity$5,494 $5,344 Commitments and Contingent Matters (See notes)

The accompanying notes are an integral part of these financial statements.

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    Table of Contents                                Index to Financial Statements

STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

For the Years Ended December 31, 2024, 2023, and 2022

Mississippi Power Company

Number of Common Shares IssuedCommonStockPaid-In CapitalRetained Earnings (Accumulated Deficit)Accumulated Other Comprehensive Income (Loss)Total(in millions)Balance at December 31, 20211 $38 $4,582 $(2,753)$— $1,867 Net income— — — 164 — 164 Capital contributions from parent company— — 70 — — 70 Cash dividends on common stock— — — (170)— (170)Balance at December 31, 20221 38 4,652 (2,759)— 1,931 Net income— — — 188 — 188 Capital contributions from parent company— — 69 — — 69 Cash dividends on common stock— — — (185)— (185)Balance at December 31, 20231 38 4,721 (2,756)— 2,003 Net income— — — 199 — 199 Capital contributions from parent company— — 70 — — 70 Other comprehensive income— — — — 5 5 Cash dividends on common stock— — — (188)— (188)Balance at December 31, 20241 $38 $4,791 $(2,745)$5 $2,089 

The accompanying notes are an integral part of these financial statements.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the stockholder and the Board of Directors of Southern Power Company and Subsidiary Companies

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Southern Power Company and subsidiary companies (Southern Power) (a wholly-owned subsidiary of The Southern Company) as of December