Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 630

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 630
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 on  preferred stock— — — 1,370 — 1,370 Capital contributions from parent company— — 415 — — 415 Other comprehensive income— — — — 2 2 Cash dividends on common stock— — — (1,141)— (1,141)Balance at December 31, 202331 1,222 7,125 3,993 (7)12,333 Net income after dividends on  preferred stock— — — 1,403 — 1,403 Capital contributions from parent company— — 532 — — 532 Other comprehensive income— — — — 2 2 Cash dividends on common stock— — — (1,182)— (1,182)Balance at December 31, 202431 $1,222 $7,657 $4,214 $(5)$13,088 

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 Georgia Power Company

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Georgia Power Company (Georgia Power) (a wholly-owned subsidiary of The Southern Company) as of December 31, 2024 and 2023, the related statements of income, comprehensive income, common stockholder's equity, and cash flows for each of the three years in the period ended December 31, 2024, the related notes, and the financial statement schedule listed in the Index at Item 15 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Georgia Power as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of Georgia Power's management. Our responsibility is to express an opinion on Georgia Power's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (