Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1313

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1313
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777 Cash equivalents and other371 58 — 429 Real estate investments369 — 1,684 2,053 12 14 Special situations— — 245 245 3 2 Private equity— — 1,761 1,761 9 12 Private Credit— — 25 25 3 — Infrastructure— — — — 2 — Total$4,646 $6,399 $3,715 $14,760 100 %100 %Alabama PowerAssets:Equity:41 %40 %Domestic equity$476 $187 $— $663 International equity472 255 — 727 Fixed income:30 32 U.S. Treasury, government, and agency bonds— 479 — 479 Mortgage- and asset-backed securities— 11 — 11 Corporate bonds— 418 — 418 Pooled funds— 188 — 188 Cash equivalents and other90 14 — 104 Real estate investments89 — 408 497 12 14 Special situations— — 59 59 3 2 Private equity— — 427 427 9 12 Private credit— — 6 6 3 — Infrastructure— — — — 2 — Total$1,127 $1,552 $900 $3,579 100 %100 %

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificantOtherObservableInputsNet Asset Value as a Practical ExpedientTarget AllocationActual AllocationAt December 31, 2023:(Level 1)(Level 2)(NAV)Total(in millions)Georgia PowerAssets:Equity:41 %40 %Domestic equity$611 $241 $— $852 International equity609 329 — 938 Fixed income:30 32 U.S. Treasury, government, and agency bonds— 617 — 617 Mortgage- and asset-backed securities— 14 — 14 Corporate bonds— 539 — 539 Pooled funds— 243 — 243 Cash equivalents and