Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 164

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 164
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 Financial Statements

for

The Southern Company and Subsidiary Companies

Alabama Power Company

Georgia Power Company

Mississippi Power Company

Southern Power Company and Subsidiary Companies

Southern Company Gas and Subsidiary Companies

Index to the Combined Notes to Financial Statements

NotePage 1Summary of Significant Accounting PoliciesII-1152Regulatory MattersII-1293Contingencies, Commitments, and GuaranteesII-1494Revenue from Contracts with CustomersII-1555Property, Plant, and EquipmentII-1596Asset Retirement ObligationsII-1637Consolidated Entities and Equity Method InvestmentsII-1678FinancingII-1699LeasesII-17710Income TaxesII-18511Retirement BenefitsII-19212Stock CompensationII-22113Fair Value MeasurementsII-22314DerivativesII-23115Acquisitions and DispositionsII-24116Segment and Related InformationII-242

Index to Applicable Notes to Financial Statements by Registrant

The following notes to the financial statements are a combined presentation; however, information contained herein relating to any individual Registrant is filed by such Registrant on its own behalf and each Registrant makes no representation as to information related to the other Registrants. The table below indicates the Registrants to which each note applies.

Applicable NotesRegistrant12345678910111213141516Southern CompanyllllllllllllllllAlabama PowerllllllllllllllllGeorgia PowerlllllllllllllllMississippi PowerlllllllllllllllSouthern PowerlllllllllllllllSouthern Company Gasllllllllllllllll

II-114

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

GeneralSouthern Company is the parent company of three traditional electric operating companies, as well as Southern Power, Southern Company Gas, SCS, Southern Linc, Southern Holdings, Southern Nuclear, PowerSecure, and other direct and indirect subsidiaries. The traditional electric operating companies – Alabama Power, Georgia Power, and Mississippi Power – are vertically integrated utilities providing electric service in three Southeastern states. Southern Power develops, constructs, acquires, owns, operates, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas distributes natural gas through natural gas distribution utilities, including