Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1760

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1760
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aturities of 90 days or less.

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets that total to the amount shown in the statements of cash flows for the applicable Registrants:SouthernCompanyAlabama PowerGeorgiaPowerSouthernPowerSouthernCompany Gas(in millions)At December 31, 2024Cash and cash equivalents$1,070 $585 $97 $159 $43 Restricted cash(a):Other current assets31 — 21 9 1 Total cash, cash equivalents, and restricted cash(b)$1,101 $585 $118 $168 $44 At December 31, 2023Cash and cash equivalents$748 $324 $9 $124 $33 Restricted cash(a):Other current assets141 85 37 17 2 Other deferred charges and assets31 — 29 3 — Total cash, cash equivalents, and restricted cash(b)$921 $409 $75 $144 $35 (a)For Alabama Power and Georgia Power, reflects proceeds from the issuance of solid waste disposal facility revenue bonds in 2023 and 2022, respectively. See Note 8 under "Long-term Debt" for additional information. For Southern Power, reflects $9 million and $17 million at December 31, 2024 and 2023, respectively, resulting from an arbitration award held to fund future replacement costs and $3 million at December 31, 2023 held to fund estimated construction completion costs at the Deuel Harvest wind facility. For Southern Company Gas, reflects collateral for workers' compensation, life insurance, and long-term disability insurance.(b)Total may not add due to rounding.Storm Damage and Reliability ReservesIn accordance with their respective state PSC orders, the traditional electric operating companies accrue certain amounts annually related to storm damage recovery. Each traditional electric operating company maintains a reserve to cover or is allowed to defer and recover the cost of damages from major storms to its transmission and distribution facilities and, for Mississippi Power, the cost of uninsured damages to its generation facilities and other property. Alabama Power and Mississippi Power also have authority from the Alabama PSC and the Mississippi PSC, respectively, to accrue certain additional amounts as circumstances warrant. Alabama Power recorded an additional accrual