Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 16

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 16
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 investments1,551 1,471 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization1,271 1,331 Deferred charges related to income taxes604 596 Prepaid pension costs974 897 Deferred under recovered retail fuel clause revenues325 453 Regulatory assets – asset retirement obligations, deferred3,324 3,436 Other regulatory assets, deferred3,986 3,814 Other deferred charges and assets611 615 Total deferred charges and other assets11,095 11,142 Total Assets$63,851 $61,255 

The accompanying notes as they relate to Georgia Power are an integral part of these condensed financial statements.

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    Table of Contents                                Index to Financial Statements

GEORGIA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt June 30, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$996 $966 Notes payable285 200 Accounts payable —Affiliated834 984 Other1,465 1,837 Customer deposits260 256 Accrued taxes569 803 Accrued interest218 190 Accrued compensation179 276 Operating lease obligations174 169 Asset retirement obligations333 309 Other regulatory liabilities101 150 Other current liabilities306 296 Total current liabilities5,720 6,436 Long-term Debt18,606 17,384 Deferred Credits and Other Liabilities:Accumulated deferred income taxes4,671 4,385 Deferred credits related to income taxes2,080 2,047 Accumulated deferred ITCs341 343 Employee benefit obligations206 205 Operating lease obligations, deferred1,116 1,159 Asset retirement obligations, deferred5,046 5,106 Other deferred credits and liabilities608 509 Total deferred credits and other liabilities14,068 13,754 Total Liabilities38,394 37,574 Common Stockholder's Equity (See accompanying statements)25,457 23,681 Total Liabilities and Stockholder's Equity$63,851 $61,255 

The accompanying notes as they relate to Georgia Power are an integral part of these condensed financial statements.

24

    Table of Contents                                Index