Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 182

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 182
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48 Miscellaneous property and investments133 129 Total other property and investments1,634 1,563 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization84 84 Deferred charges related to income taxes267 264 Prepaid pension and other postretirement benefit costs886 841 Regulatory assets – asset retirement obligations1,562 1,780 Other regulatory assets, deferred1,934 1,815 Other deferred charges and assets423 391 Total deferred charges and other assets5,156 5,175 Total Assets$36,957 $36,538 

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

18

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt June 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$624 $655 Accounts payable —Affiliated298 299 Other397 625 Customer deposits115 113 Accrued taxes134 78 Accrued interest128 120 Accrued compensation171 240 Asset retirement obligations271 364 Other regulatory liabilities35 165 Other current liabilities94 219 Total current liabilities2,267 2,878 Long-term Debt10,881 10,499 Deferred Credits and Other Liabilities:Accumulated deferred income taxes4,327 4,178 Deferred credits related to income taxes1,404 1,398 Accumulated deferred ITCs109 113 Employee benefit obligations153 148 Operating lease obligations76 76 Asset retirement obligations, deferred3,482 3,694 Other regulatory liabilities, deferred208 271 Other deferred credits and liabilities250 195 Total deferred credits and other liabilities10,009 10,073 Total Liabilities23,157 23,450 Common Stockholder's Equity (See accompanying statements)13,800 13,088 Total Liabilities and Stockholder's Equity$36,957 $36,538 

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

19

    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY