Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 87

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 87
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At September 30, 2025At December 31, 2024Derivative Category and Balance Sheet LocationAssetsLiabilitiesAssetsLiabilities(in millions)Georgia PowerEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$8 $15 $6 $32 Non-current17 9 13 9 Total derivatives designated as hedging instruments for regulatory purposes25 24 19 41 Energy-related derivatives not designated as hedging instrumentsCurrent2 — — 1 Gross amounts recognized27 24 19 42 Gross amounts offset(16)(16)(15)(15)Net amounts recognized in the Balance Sheets$11 $8 $4 $27 Mississippi PowerEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$4 $12 $5 $15 Non-current16 11 14 19 Total derivatives designated as hedging instruments for regulatory purposes20 23 19 34 Gross amounts offset(15)(15)(17)(17)Net amounts recognized in the Balance Sheets$5 $8 $2 $17 Southern PowerDerivatives designated as hedging instruments in cash flow hedgesEnergy-related derivatives:Current$1 $1 $1 $— Non-current3 — 3 — Foreign currency derivatives:Current20 — — 11 Non-current— — — 40 Total derivatives designated as hedging instruments in cash flow hedges24 1 4 51 Net amounts recognized in the Balance Sheets$24 $1 $4 $51 

83

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

At September 30, 2025At December 31, 2024Derivative Category and Balance Sheet LocationAssetsLiabilitiesAssetsLiabilities(in millions)Southern Company GasEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$9 $4 $11 $5 Derivatives designated as hedging instruments in cash flow and fair value hedgesEnergy-related derivatives:Current1 5 3 3 Non-current1 — 1 — Interest rate derivatives:Current— 13 — 17 Non-current— 43 — 67 Total derivatives designated as hedging instruments in cash flow and fair value h