Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 239

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 239
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 filed an administrative appeal with the Mississippi DOR on May 29, 2025. Mississippi Power's sales and use taxes are generally authorized for rate recovery. The ultimate outcome of this matter cannot be determined at this time.

(D) REVENUE FROM CONTRACTS WITH CUSTOMERS AND LEASE INCOME

Revenue from Contracts with CustomersThe Registrants generate revenues from a variety of sources, some of which are not accounted for as revenue from contracts with customers, such as leases, derivatives, and certain cost recovery mechanisms. Included in the wholesale electric revenues of the traditional electric operating companies and Southern Power are revenues associated with affiliate transactions. These revenues are generated through long-term PPAs or short-term energy sales made in accordance with the IIC, as approved by the FERC. Amounts related to these affiliate revenues are eliminated in consolidation for Southern Company. See Note 1 to the financial statements under "Affiliate Transactions" and "Revenues" in Item 8 of the Form 10-K for additional information. See "Lease Income" herein and Note (J) for additional information on revenue accounted for under lease and derivative accounting guidance, respectively.

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

The following table disaggregates revenue from contracts with customers for the three and nine months ended September 30, 2025 and 2024:Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas(in millions)Three Months Ended September 30, 2025Operating revenuesRetail electric revenuesResidential$2,737 $982 $1,653 $102 $— $— Commercial2,074 614 1,358 102 — — Industrial1,195 481 620 94 — — Other32 3 27 2 — — Total retail electric revenues6,038 2,080 3,658 300 — — Natural gas distribution revenuesResidential236 — — — — 236 Commercial65 — — — — 65 Transportation316 — — — — 316 Industrial 4 — — — — 4 Other47 — — — — 47 Total natural gas distribution revenues668 — — — — 668 Wholesale