Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 435

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 6
Chunk 435
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 and 423 — — 23 — Other regulatory assets184 42 40 30 72 Deferred income tax credits(4,536)(1,398)(2,149)(219)(755)Other cost of removal obligations(1,176)24 816 (170)(1,846)Over recovered regulatory clause revenues(285)(29)(52)— (204)Reliability reserves(188)(131)— (57)— Storm/property damage reserves(122)(70)— (52)— Nuclear fuel disposal cost recovery(100)(100)— — — Other regulatory liabilities(180)(28)(14)(6)(31)Total regulatory assets (liabilities), net$7,041 $2,356 $6,139 $59 $(2,252)

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern Company Gas(in millions)At December 31, 2023AROs(*)$5,733 $1,936 $3,505 $247 $— Retiree benefit plans(*)3,011 815 976 140 146 Remaining net book value of retired assets1,357 499 841 17 — Deferred income tax charges897 262 605 28 — Under recovered regulatory clause revenues413 381 — 12 20 Fuel-hedging (realized and unrealized) losses270 100 121 49 — Deferred depreciation270 143 127 — — Environmental remediation(*)255 — 20 — 235 Loss on reacquired debt238 35 197 5 1 Vacation pay(*)217 83 107 11 16 Software and cloud computing costs150 59 84 2 5 Regulatory clauses140 112 — — 28 Storm damage92 — 54 38 — Nuclear outage83 50 33 — — Long-term debt fair value adjustment60 — — — 60 Qualifying repairs of natural gas distribution systems40 — — — 40 Plant Daniel Units 3 and 425 — — 25 — Other regulatory assets189 39 33 25 93 Deferred income tax