Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1595

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1595
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13 3 1 7 Benefits paid(105)(25)(37)(4)(1)(12)Fair value of plan assets at end of year1,141 421 420 24 — 141 Accrued asset (liability)$(218)$95 $(68)$(31)$(9)$(15)

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

2023Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)Change in benefit obligationBenefit obligation at beginning of year$1,441 $344 $514 $59 $9 $179 Service cost15 4 4 1 — 1 Interest cost70 17 25 3 — 9 Benefits paid(107)(24)(36)(4)(1)(18)Actuarial (gain) loss(33)(12)(18)(2)1 1 Balance at end of year1,386 329 489 57 9 172 Change in plan assetsFair value of plan assets at beginning of year998 372 368 24 — 113 Actual return on plan assets131 52 51 2 — 19 Employer contributions73 3 27 3 1 14 Benefits paid(107)(24)(36)(4)(1)(18)Fair value of plan assets at end of year1,095 403 410 25 — 128 Accrued asset (liability)$(291)$74 $(79)$(32)$(9)$(44)Amounts recognized in the balance sheets at December 31, 2024 and 2023 related to the Registrants' other postretirement benefit plans consist of the following:Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthernPowerSouthern Company Gas(in millions)December 31, 2024:Prepaid other postretirement benefit costs(a)$— $95 $— $— $— $— Other regulatory assets, deferred(b)24 — 3 — — — Other current liabilities(6)— — — (1)— Employee benefit obligations(c)(212)— (68)(31)(8)(15)Other regulatory liabilities, deferred(213)(45)(67)(9)— (84)AOCI(