Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1860

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1860
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 Short-term lease costs 37 15 15 — — — Variable lease cost48 (1)77 — 4 — Total lease cost $368 $35 $320 $6 $31 $12 2023Lease costOperating lease cost(*)$252 $16 $192 $5 $34 $12 Finance lease cost:Amortization of ROU assets24 2 19 1 — — Interest on lease obligations14 — 17 — — — Total finance lease cost38 2 36 1 — — Short-term lease costs40 16 16 — — — Variable lease cost47 — 74 — 4 — Total lease cost$377 $34 $318 $6 $38 $12 2022Lease costOperating lease cost(*)$297 $59 $198 $5 $32 $15 Finance lease cost:Amortization of ROU assets23 1 15 1 — — Interest on lease obligations13 — 17 1 — — Total finance lease cost36 1 32 2 — — Short-term lease costs64 44 13 — — — Variable lease cost125 13 105 — 5 — Sublease income(1)— — — — — Total lease cost$521 $117 $348 $7 $37 $15 (*)Includes operating lease costs related to PPAs at Southern Company, Alabama Power, and Georgia Power totaling $108 million, $5 million, and $168 million, respectively, in 2024, $112 million, $4 million, and $174 million, respectively, in 2023, and $162 million, $48 million, and $180 million, respectively, in 2022.Georgia Power has variable lease payments that are based on the amount of energy produced by certain renewable generating facilities subject to PPAs, including $45 million, $42 million, and $45 million in 2024, 2023, and 2022, respectively, from finance leases which are included in purchased power on Georgia Power's statements of income, of which $22 million, $21 million, and $21 million was included in purchased power, affiliates in