Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1082

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 1082
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 property, plant, and equipment4,117 3,934 Other Property and Investments152 158 Deferred Charges and Other Assets:Deferred charges related to income taxes27 28 Prepaid pension costs124 99 Deferred under recovered retail fuel clause revenues32 50 Regulatory assets – asset retirement obligations243 244 Other regulatory assets, deferred259 285 Accumulated deferred income taxes82 96 Other deferred charges and assets74 85 Total deferred charges and other assets841 887 Total Assets$5,494 $5,344 

The accompanying notes are an integral part of these financial statements.

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    Table of Contents                                Index to Financial Statements

BALANCE SHEETS

At December 31, 2024 and 2023

Mississippi Power Company

Liabilities and Stockholder's Equity20242023(in millions)Current Liabilities:Securities due within one year$12 $201 Notes payable14 — Accounts payable —Affiliated68 82 Other83 73 Accrued taxes115 117 Accrued compensation46 43 Asset retirement obligations32 29 Over recovered retail fuel clause revenues32 27 Other regulatory liabilities5 17 Other current liabilities95 90 Total current liabilities502 679 Long-Term Debt1,681 1,443 Deferred Credits and Other Liabilities:Accumulated deferred income taxes492 469 Deferred credits related to income taxes219 229 Employee benefit obligations65 67 Asset retirement obligations, deferred116 139 Other cost of removal obligations170 186 Other regulatory liabilities, deferred121 92 Other deferred credits and liabilities39 37 Total deferred credits and other liabilities1,222 1,219 Total Liabilities3,405 3,341 Common Stockholder's Equity:Common stock, without par value    (Authorized - 50 million shares; Outstanding - 1 million shares)38 38 Paid-in capital4,791 4,721 Accumulated deficit(2,745)(2,756)Accumulated other comprehensive income5 — Total common stockholder's equity (See accompanying statements)2,089 2,003 Total Liabilities and Stockholder's Equity$5,494 $5,344 Commitments and Contingent Matters (See notes)

The accompanying notes are an integral part of these financial statements.

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