Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 242

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 242
---
 Georgia PowerAssets:Energy-related derivatives$— $35 $— $— $35 Nuclear decommissioning trusts:(b)Domestic equity406 1 — — 407 Foreign equity— 205 — — 205 U.S. Treasury and government agency securities— 338 — — 338 Municipal bonds— 47 — — 47 Corporate bonds— 196 — — 196 Mortgage- and asset-backed securities— 89 — — 89 Other22 2 — — 24 Total$428 $913 $— $— $1,341 Liabilities:Energy-related derivatives$— $19 $— $— $19 Interest rate derivatives— 1 — — 1 Total$— $20 $— $— $20 

71

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

Fair Value Measurements UsingAt June 30, 2025Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)Net Asset Value as a Practical Expedient (NAV)Total(in millions)Mississippi PowerAssets:Energy-related derivatives$— $28 $— $— $28 Cash equivalents2 — — — 2 Total$2 $28 $— $— $30 Liabilities:Energy-related derivatives$— $19 $— $— $19 Southern PowerAssets:Energy-related derivatives$— $4 $— $— $4 Foreign currency derivatives— 26 — — 26 Total$— $30 $— $— $30 Liabilities:Contingent consideration3 — 14 — 17 Other— 13 11 — 24 Total$3 $13 $25 $— $41 Southern Company GasAssets:Energy-related derivatives(a)$11 $8 $— $— $19 Interest rate derivatives— 4 — — 4 Non-qualified deferred compensation trusts:Domestic equity—