Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 218

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 218
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1,439 Property, Plant, and Equipment:  In service23,516 22,338 Less: Accumulated depreciation6,165 5,887 Plant in service, net of depreciation17,351 16,451 Construction work in progress978 1,057 Total property, plant, and equipment18,329 17,508 Other Property and Investments:Goodwill5,015 5,015 Equity investments in unconsolidated subsidiaries1,175 1,279 Other intangible assets, net of amortization of $178 and $173, respectively4 9 Miscellaneous property and investments25 25 Total other property and investments6,219 6,328 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization89 38 Prepaid pension costs208 191 Other regulatory assets, deferred506 481 Other deferred charges and assets142 192 Total deferred charges and other assets945 902 Total Assets$26,926 $26,177 

The accompanying notes as they relate to Southern Company Gas are an integral part of these condensed consolidated financial statements.

40

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt September 30, 2025At December 31, 2024(in millions)Current Liabilities:Securities due within one year$751 $302 Notes payable144 455 Accounts payable —Affiliated58 75 Other419 437 Customer deposits91 98 Accrued taxes76 85 Accrued interest77 88 Accrued compensation119 129 Natural gas cost over recovery163 193 Other regulatory liabilities30 7 Other current liabilities133 149 Total current liabilities2,061 2,018 Long-term Debt8,579 8,229 Deferred Credits and Other Liabilities:Accumulated deferred income taxes1,992 1,796 Deferred credits related to income taxes728 755 Employee benefit obligations60 78 Operating lease obligations88 30 Other cost of removal obligations1,908 1,846 Accrued environmental remediation203 198 Other deferred credits and liabilities218 231 Total deferred credits and other liabilities5,197