Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 9

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 9
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386 Equity investments in unconsolidated subsidiaries46 48 Miscellaneous property and investments127 129 Total other property and investments1,544 1,563 Deferred Charges and Other Assets:Operating lease right-of-use assets, net of amortization82 84 Deferred charges related to income taxes265 264 Prepaid pension and other postretirement benefit costs869 841 Regulatory assets – asset retirement obligations1,814 1,780 Other regulatory assets, deferred1,855 1,815 Other deferred charges and assets413 391 Total deferred charges and other assets5,298 5,175 Total Assets$37,184 $36,538 

The accompanying notes as they relate to Alabama Power are an integral part of these condensed financial statements.

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    Table of Contents                                Index to Financial Statements

ALABAMA POWER COMPANY

CONDENSED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt March 31, 2025At December 31, 2024 (in millions)Current Liabilities:Securities due within one year$700 $655 Accounts payable —Affiliated221 299 Other451 625 Customer deposits113 113 Accrued taxes194 78 Accrued interest84 120 Accrued compensation141 240 Asset retirement obligations348 364 Other regulatory liabilities74 165 Other current liabilities75 219 Total current liabilities2,401 2,878 Long-term Debt10,954 10,499 Deferred Credits and Other Liabilities:Accumulated deferred income taxes4,282 4,178 Deferred credits related to income taxes1,377 1,398 Accumulated deferred ITCs110 113 Employee benefit obligations151 148 Operating lease obligations73 76 Asset retirement obligations, deferred3,684 3,694 Other regulatory liabilities, deferred245 271 Other deferred credits and liabilities222 195 Total deferred credits and other liabilities10,144 10,073 Total Liabilities23,499 23,450 Common Stockholder's Equity (See accompanying statements)13,685 13,088 Total Liabilities and Stockholder's Equity$37,184 $36,538 

The accompanying notes as they relate to Alabama Power are an integral part of these condensed financial statements.

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    Table of Contents