Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 89

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 89
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                        Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

For the three and nine months ended September 30, 2025 and 2024, the pre-tax effects of cash flow and fair value hedge accounting on accumulated OCI for the applicable Registrants were as follows:Gain (Loss) Recognized in OCI on DerivativesThree Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions)Southern CompanyCash flow hedges:Energy-related derivatives$(12)$(7)$(6)$(11)Interest rate derivatives(1)(8)6 16 Foreign currency derivatives(6)15 60 (4)Fair value hedges(*):Foreign currency derivatives1 (2)(12)(8)Total$(18)$(2)$48 $(7)Georgia PowerCash flow hedges:Interest rate derivatives$— $1 $3 $17 Mississippi PowerCash flow hedges:Interest rate derivatives$— $— $— $7 Southern PowerCash flow hedges:Energy-related derivatives$(2)$(2)$— $(2)Foreign currency derivatives(6)15 60 (4)Total$(8)$13 $60 $(6)Southern Company GasCash flow hedges:Energy-related derivatives$(10)$(4)$(6)$(9)Interest rate derivatives(1)(6)3 (5)Total$(11)$(10)$(3)$(14)(*)Represents amounts excluded from the assessment of effectiveness for which the difference between changes in fair value and periodic amortization is recorded in OCI.

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

For the three and nine months ended September 30, 2025 and 2024, the pre-tax effects of cash flow and fair value hedge accounting on income were as follows:Gain (Loss)Statements of Income LocationDerivative CategoryThree Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions)Southern CompanyFuelEnergy-related cash flow hedges$— $(3)$1 $(5)Cost of natural gasEnergy-related cash flow hedges(1)(4)(1)(34)Other operations and maintenanceEnergy-related cash flow hedges—