Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 293

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 293
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 as a result of available long-term committed credit.

See Note 8 to the financial statements in Item 8 of the Form 10-K and Note (F) to the Condensed Financial Statements herein under "Bank Credit Arrangements" for additional information.

Short-term Borrowings

The Registrants, Nicor Gas, and SEGCO make short-term borrowings primarily through commercial paper programs that have the liquidity support of the committed bank credit arrangements described above. Southern Power's subsidiaries are not issuers or obligors under its commercial paper program. Commercial paper and short-

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    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

term bank term loans are included in notes payable in the balance sheets. Details of the Registrants' short-term borrowings were as follows:

 Short-term Debt atMarch 31, 2025Short-term Debt During the Period(*) AmountOutstandingWeightedAverageInterestRateAverageAmountOutstandingWeightedAverageInterestRateMaximumAmountOutstanding (in millions)(in millions)(in millions)Southern Company$514 4.9 %$1,472 4.7 %$2,291 Alabama Power— — 3 4.4 50 Georgia Power200 5.3 351 5.0 1,020 Mississippi Power— — 82 4.6 144 Southern Power— — 15 4.6 72 Southern Company Gas:Southern Company Gas Capital$314 4.6 %$280 4.6 %$387 Nicor Gas— — 73 4.6 172 Southern Company Gas Total$314 4.6 %$353 4.6 %

(*)Average and maximum amounts are based upon daily balances during the three-month period ended March 31, 2025.

Analysis of Cash Flows

Net cash flows provided from (used for) operating, investing, and financing activities for the three months ended March 31, 2025 and 2024 are presented in the following table:

Net cash provided from(used for):Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)Three Months Ended March 31, 2025Operating activities$1,250 $227 $305 $(11)$146 $687 Investing activities(2,834