Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 273

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 273
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edges2 61 4 87 Energy-related derivatives not designated as hedging instrumentsCurrent11 7 5 2 Non-current— — 1 — Total derivatives not designated as hedging instruments11 7 6 2 Gross amounts recognized22 72 21 94 Gross amounts offset(a)(6)(15)7 (10)Net amounts recognized in the Balance Sheets(b)$16 $57 $28 $84 (a)Gross amounts offset includes cash collateral held on deposit in broker margin accounts of $10 million and $17 million at September 30, 2025 and December 31, 2024, respectively.(b)Net amounts of derivative instruments outstanding exclude immaterial premium and intrinsic value associated with weather derivatives at September 30, 2025 and December 31, 2024.

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

At September 30, 2025 and December 31, 2024, the pre-tax effects of unrealized derivative gains (losses) arising from energy-related derivative instruments designated as regulatory hedging instruments and deferred were as follows:Regulatory Hedge Unrealized Gain (Loss) Recognized in the Balance SheetDerivative Category and Balance SheetLocationSouthernCompanyAlabamaPowerGeorgiaPowerMississippiPowerSouthern Company Gas (in millions)At September 30, 2025:Energy-related derivatives:Other regulatory assets, current$(24)$(7)$(8)$(8)$(1)Other regulatory assets, deferred(1)(1)— — — Other regulatory liabilities, current13 7 1 — 5 Other regulatory liabilities, deferred20 7 8 5 — Total energy-related derivative gains (losses)$8 $6 $1 $(3)$4 At December 31, 2024:Energy-related derivatives:Other regulatory assets, current$(61)$(23)$(26)$(11)$(1)Other regulatory assets, deferred(5)— — (5)— Other regulatory liabilities, current8 4 — — 4 Other regulatory liabilities, deferred8 3 4 1 — Total energy-related derivative gains (losses)$(50)$(16)$(22)$(15)$3 

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