Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1619

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1619
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Mortgage and asset backed securities— 75 — — 75 Other28 2 — — 30 Cash equivalents35 — — — 35 Total$453 $837 $— $— $1,290 Liabilities:Energy-related derivatives$— $42 $— $— $42 

II-225

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical Assets Significant Other Observable InputsSignificant Unobservable InputsNet Asset Value as a Practical ExpedientAt December 31, 2024:(Level 1)(Level 2)(Level 3)(NAV)Total(in millions)Mississippi PowerAssets:Energy-related derivatives$— $19 $— $— $19 Liabilities:Energy-related derivatives$— $34 $— $— $34 Southern PowerAssets:Energy-related derivatives$— $4 $— $— $4 Cash equivalents51 — — — 51 Total$51 $4 $— $— $55 Liabilities:Foreign currency derivatives$— $51 $— $— $51 Contingent consideration3 — 16 — 19 Other— 13 11 — 24 Total$3 $64 $27 $— $94 Southern Company GasAssets:Energy-related derivatives(a)$12 $9 $— $— $21 Non-qualified deferred compensation trusts:Domestic equity— 8 — — 8 Foreign equity— 1 — — 1 Pooled funds - fixed income— 7 — — 7 Cash and cash equivalents1 — — — 1 Investments, available for sale:U.S. Treasury and government agency securities2 7 — — 9 Corporate bonds1 2 — — 3 Mortgage and asset backed securities— 10 — — 10 Cash equivalents22 — — — 22 Total$38 $44 $— $— $82 Liabilities:Energy-related derivatives(a)$5 $6 $— $—