Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1276

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1276
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GeorgiaPowerMississippiPowerSouthern PowerSouthern Company GasAt December 31, 2024Weighted-average remaining lease term in years:Operating leases16.410.27.94.332.36.8Finance leases16.02.710.110.9N/AN/AWeighted-average discount rate: Operating leases 4.73 %5.04 %4.73 %3.83 %4.88 %3.84 %Finance leases4.86 %4.05 %5.8 %2.74 %N/AN/AAt December 31, 2023Weighted-average remaining lease term in years:Operating leases17.211.17.54.633.17.0Finance leases16.74.310.611.9N/AN/AWeighted-average discount rate:Operating leases4.68 %5.02 %4.58 %3.67 %4.89 %3.80 %Finance leases4.85 %3.93 %5.95 %2.74 %N/AN/AMaturities of lease liabilities are as follows:At December 31, 2024SouthernCompanyAlabamaPowerGeorgiaPowerMississippiPowerSouthern PowerSouthern Company Gas (in millions)Maturity Analysis Operating leases:2025$239 $18 $228 $4 $31 $12 2026212 15 224 3 29 9 2027190 12 223 1 29 4 2028170 9 217 — 29 3 2029138 7 196 — 30 4 Thereafter1,255 56 511 1 978 15 Total2,204 117 1,599 9 1,126 47 Less: Present value discount 751 27 271 1 586 6 Operating lease obligations $1,453 $90 $1,328 $8 $540 $41 Finance leases:2025$28 $2 $39 $2 $— $— 202627 1 41 2 — — 202726 1 41 1 — — 202825 — 42 1 — — 202925 — 42 1 — — Thereafter290 — 139