Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1914

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1914
---
$16 $— $776 

II-227

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsNet Asset Value as a Practical ExpedientAt December 31, 2023:(Level 1)(Level 2)(Level 3)(NAV)Total(in millions)Alabama PowerAssets:Energy-related derivatives$— $15 $— $— $15 Nuclear decommissioning trusts:(b)Domestic equity443 208 — — 651 Foreign equity145 — — — 145 U.S. Treasury and government agency securities— 20 — — 20 Municipal bonds— 1 — — 1 Corporate bonds— 231 — — 231 Mortgage and asset backed securities— 25 — — 25 Private equity — — — 169 169 Other8 — — 9 17 Cash equivalents and restricted cash119 15 — — 134 Other investments— 27 — — 27 Total$715 $542 $— $178 $1,435 Liabilities:Energy-related derivatives$— $110 $— $— $110 Georgia PowerAssets:Energy-related derivatives$— $13 $— $— $13 Nuclear decommissioning trusts:(b)Domestic equity321 1 — — 322 Foreign equity— 170 — — 170 U.S. Treasury and government agency securities— 349 — — 349 Municipal bonds— 47 — — 47 Corporate bonds— 158 — — 158 Mortgage and asset backed securities— 64 — — 64 Other50 3 — — 53 Total$371 $805 $— $— $1,176 Liabilities:Energy-related derivatives$— $124 $— $— $124 

II-228

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for