Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1724

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1724
---
27 Other regulatory liabilities5 17 Other current liabilities95 90 Total current liabilities502 679 Long-Term Debt1,681 1,443 Deferred Credits and Other Liabilities:Accumulated deferred income taxes492 469 Deferred credits related to income taxes219 229 Employee benefit obligations65 67 Asset retirement obligations, deferred116 139 Other cost of removal obligations170 186 Other regulatory liabilities, deferred121 92 Other deferred credits and liabilities39 37 Total deferred credits and other liabilities1,222 1,219 Total Liabilities3,405 3,341 Common Stockholder's Equity:Common stock, without par value    (Authorized - 50 million shares; Outstanding - 1 million shares)38 38 Paid-in capital4,791 4,721 Accumulated deficit(2,745)(2,756)Accumulated other comprehensive income5 — Total common stockholder's equity (See accompanying statements)2,089 2,003 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.

II-95

    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