Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1127

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1127
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 where there is a high degree of subjectivity involved in assessing the potential impact of future regulatory orders on incurred costs.

/s/ Deloitte & Touche LLP

Atlanta, Georgia

February 19, 2025

We have served as Georgia Power's auditor since 2002.

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    Table of Contents                                Index to Financial Statements

STATEMENTS OF INCOME

For the Years Ended December 31, 2024, 2023, and 2022

Georgia Power Company

202420232022(in millions)Operating Revenues:Retail revenues$10,187 $9,222 $10,792 Wholesale revenues265 188 235 Other revenues879 708 557 Total operating revenues11,331 10,118 11,584 Operating Expenses:Fuel1,658 1,781 2,486 Purchased power, non-affiliates615 517 856 Purchased power, affiliates745 764 1,401 Other operations and maintenance2,372 2,083 2,349 Depreciation and amortization1,774 1,681 1,430 Taxes other than income taxes647 541 527 Estimated loss on Plant Vogtle Units 3 and 4(21)(68)183 Total operating expenses7,790 7,299 9,232 Operating Income3,541 2,819 2,352 Other Income and (Expense):Allowance for equity funds used during construction152 165 140 Interest expense, net of amounts capitalized(725)(626)(485)Other income (expense), net178 170 176 Total other income and (expense)(395)(291)(169)Earnings Before Income Taxes3,146 2,528 2,183 Income taxes603 448 370 Net Income$2,543 $2,080 $1,813 

STATEMENTS OF COMPREHENSIVE INCOME

For the Years Ended December 31, 2024, 2023, and 2022

Georgia Power Company

 202420232022(in millions)Net Income$2,543 $2,080 $1,813 Other comprehensive income:Qualifying hedges:Changes in fair value, net of tax of $6, $(1), and $8, respectively18 (2)23 Reclassification adjustment for amounts included in net