Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1319

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1319
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 TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificantOtherObservableInputsNet Asset Value as a Practical ExpedientTarget AllocationActual AllocationAt December 31, 2023:(Level 1)(Level 2)(NAV)Total(in millions)Georgia PowerAssets:Equity:58 %57 %Domestic equity$47 $6 $— $53 International equity16 40 — 56 Fixed income:35 35 U.S. Treasury, government, and agency bonds— 16 — 16 Corporate bonds— 14 — 14 Pooled funds— 47 — 47 Cash equivalents and other13 — — 13 Trust-owned life insurance— 176 — 176 Real estate investments4 — 14 18 3 4 Special situations— — 2 2 1 1 Private equity— — 14 14 2 3 Private credit— — — — 1 — Total$80 $299 $30 $409 100 %100 %Mississippi PowerAssets:Equity:34 %33 %Domestic equity$3 $1 $— $4 International equity3 1 — 4 Fixed income:43 44 U.S. Treasury, government, and agency bonds— 7 — 7 Corporate bonds— 2 — 2 Pooled funds— 1 — 1 Cash equivalents and other1 — — 1 Real estate investments1 — 2 3 10 11 Special situations— — — — 2 2 Private equity— — 2 2 7 10 Private credit— — — — 3 — Infrastructure— — — — 1 — Total$8 $12 $4 $24 100 %100 %

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificantOtherObservableInputsNet Asset Value as a Practical ExpedientTarget AllocationActual AllocationAt December 31, 2023:(Level 1)(Level 2)(