Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 254

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 254
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)$(50)$(16)$(22)$(15)$3 

82

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

For the three and six months ended June 30, 2025 and 2024, the pre-tax effects of cash flow and fair value hedge accounting on accumulated OCI for the applicable Registrants were as follows:Gain (Loss) Recognized in OCI on DerivativesThree Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Southern CompanyCash flow hedges:Energy-related derivatives$(13)$3 $6 $(5)Interest rate derivatives9 1 5 24 Foreign currency derivatives47 (6)67 (20)Fair value hedges(*):Foreign currency derivatives3 (4)(13)(4)Total$46 $(6)$65 $(5)Georgia PowerCash flow hedges:Interest rate derivatives$5 $— $3 $16 Mississippi PowerCash flow hedges:Interest rate derivatives$— $— $— $7 Southern PowerCash flow hedges:Energy-related derivatives$(1)$1 $2 $— Foreign currency derivatives47 (6)67 (20)Total$46 $(5)$69 $(20)Southern Company GasCash flow hedges:Energy-related derivatives$(12)$2 $4 $(5)Interest rate derivatives4 1 4 1 Total$(8)$3 $8 $(4)(*)Represents amounts excluded from the assessment of effectiveness for which the difference between changes in fair value and periodic amortization is recorded in OCI.

83

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

For the three and six months ended June 30, 2025 and 2024, the pre-tax effects of cash flow and fair value hedge accounting on income were as follows:Gain (Loss)Statements of Income LocationDerivative CategoryThree Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Southern CompanyFuelEnergy-related cash flow hedges$— $(1)$1 $(2)Cost of natural gasEnergy-related cash flow hedges1