Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1590

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1590
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 144 — 126 Other current liabilities(68)(13)(13)(2)(2)(4)Employee benefit obligations(c)(611)(102)(98)(25)(18)(51)Other regulatory liabilities, deferred(50)— — — — — AOCI52 — — — 11 (54)December 31, 2023:Prepaid pension costs(a)$2,079 $585 $706 $99 $31 $158 Other regulatory assets, deferred(b)2,960 821 1,051 152 — 143 Other current liabilities(64)(11)(13)(2)(2)(3)Employee benefit obligations(c)(649)(106)(131)(27)(21)(58)Other regulatory liabilities, deferred(47)— — — — — AOCI79 — — — 20 (45)(a)Included in prepaid pension and other postretirement benefit costs on Alabama Power's balance sheet and other deferred charges and assets on Southern Power's consolidated balance sheet.(b)Amounts for Southern Company exclude regulatory assets of $155 million and $173 million at December 31, 2024 and 2023, respectively, associated with unamortized amounts in Southern Company Gas' pension plans prior to its acquisition by Southern Company.(c)Included in other deferred credits and liabilities on Southern Power's consolidated balance sheets.Presented below are the amounts included in regulatory assets at December 31, 2024 and 2023 related to the portion of the defined benefit pension plan attributable to Southern Company, the traditional electric operating companies, and Southern Company Gas that had not yet been recognized in net periodic pension cost.SouthernCompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern Company Gas(in millions)Balance at December 31, 2024Regulatory assets:Prior service cost$8 $3 $5 $1 $(4)Net loss2,650 738 968 143 91 Regulatory amortization— — — — 39 Total regulatory assets(*)$2,658 $741 $973 $144 $126 Balance at December 31, 2023Regulatory assets:Prior service cost$9 $4 $6 $1 $(7)Net loss2,904 817 1,045 151 100 Regulatory amortization— — — —