Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 376

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 6
Chunk 376
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145 Other Property and Investments:Nuclear decommissioning trusts, at fair value1,386 1,261 Equity investments in unconsolidated subsidiaries48 52 Miscellaneous property and investments129 155 Total other property and investments1,563 1,468 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization84 87 Deferred charges related to income taxes264 262 Prepaid pension and other postretirement benefit costs841 659 Regulatory assets – asset retirement obligations1,780 1,810 Other regulatory assets, deferred1,815 1,858 Other deferred charges and assets391 414 Total deferred charges and other assets5,175 5,090 Total Assets$36,538 $35,780 

The accompanying notes are an integral part of these financial statements.

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    Table of Contents                                Index to Financial Statements

BALANCE SHEETS

At December 31, 2024 and 2023

Alabama Power Company

Liabilities and Stockholder's Equity20242023(in millions)Current Liabilities:Securities due within one year$655 $223 Notes payable— 40 Accounts payable —Affiliated299 330 Other625 630 Customer deposits113 105 Accrued taxes78 51 Accrued interest120 122 Accrued compensation240 222 Asset retirement obligations364 346 Other regulatory liabilities165 44 Other current liabilities219 191 Total current liabilities2,878 2,304 Long-Term Debt10,499 10,960 Deferred Credits and Other Liabilities:Accumulated deferred income taxes4,178 4,170 Deferred credits related to income taxes1,398 1,506 Accumulated deferred ITCs113 74 Employee benefit obligations148 155 Operating lease obligations76 81 Asset retirement obligations, deferred3,694 3,812 Other regulatory liabilities, deferred271 291 Other deferred credits and liabilities195 94 Total deferred credits and other liabilities10,073 10,183 Total Liabilities23,450 23,447 Common Stockholder's Equity:Common stock, par value $40 per share    (Authorized - 40 million shares; Outstanding - 31 million shares)1,222 1,222 Paid-in capital7,657 7,125