Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 847

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 847
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356 1,055 891 695 305 1,039 Georgia Power(*)1,371 1,195 1,046 866 623 1,759 Mississippi Power447 428 371 271 197 866 Southern Power709 595 501 340 221 581 

(*)Excludes capacity payments related to Plant Vogtle Units 1 and 2, which are discussed in Note 3 to the financial statements under "Commitments."

The traditional electric operating companies and Southern Power have entered into LTSAs for the purpose of securing maintenance support for certain of their generating facilities. See Note 1 to the financial statements under "Long-term Service Agreements" for additional information. As discussed under "Capital Expenditures" herein, estimated expenditures related to LTSAs are included in the applicable Registrants' construction programs for the years 2025 through 2029. Total estimated payments for LTSA commitments at December 31, 2024 that extend beyond 2029 are provided in the following table and include price escalation based on inflation indices:

SouthernCompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern Power(in millions)LTSA commitments (after 2029)$1,416 $317 $120 $142 $837 

In addition, Southern Power has certain other operations and maintenance agreements. Total estimated costs for these commitments at December 31, 2024 are provided in the table below.

20252026202720282029Thereafter(in millions)Southern Power's operations and maintenance agreements$67 $51 $49 $46 $40 $274 

Southern Company Gas has commitments for pipeline charges, storage capacity, and gas supply, including charges recoverable through natural gas cost recovery mechanisms or, alternatively, billed to marketers selling retail natural gas. Gas supply commitments include amounts for gas commodity purchases associated with Nicor Gas and SouthStar of 39 million mmBtu at floating gas prices calculated using forward natural gas prices at December 31, 2024 and valued at $136 million. Southern Company Gas' expected future contractual obligations for pipeline charges, storage capacity, and gas supply that are not recognized on the balance sheets at December 31, 2024 were as follows:

Pipeline Charges, StorageCapacity, and Gas Supply(in millions)2025$643 2026374 2027204 2028197 2029221 Thereafter2,859 Total $4,498 

See Note 9 to the