Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 179

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 179
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 of cash flows and discussed further under "Analysis of Cash Flows – Southern Company Gas" herein; and

•an increase of $196 million in accumulated deferred income taxes primarily due to reversal of CAMT and additional fixed asset tax deductions.

See "Financing Activities – Southern Company Gas" and FUTURE EARNINGS POTENTIAL – "Income Tax Matters" herein for additional information.

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    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

Financing Activities

The following table outlines long-term debt financing activities for the first nine months of 2025:

Issuances and ReofferingsMaturities and RedemptionsCompanySeniorNotesOther Long-Term DebtSeniorNotesRevenueBondsOther Long-   Term Debt(a)(in millions)Southern Company parent$1,650 $2,365 $1,110 $— $— Alabama Power1,100 4 250 — 1 Georgia Power3,100 — 700 45 91 Mississippi Power100 — — 11 1 Southern Power1,100 — — — — Southern Company Gas850 — — — 50 Other(b)— — — — 12 Elimination(c)— — — — (13)Southern Company$7,900 $2,369 $2,060 $56 $142 

(a)Includes reductions in finance lease obligations resulting from cash payments under finance leases and, for Georgia Power, principal amortization payments totaling $64 million for FFB borrowings. See Note 8 to the financial statements under "Long-term Debt – DOE Loan Guarantee Borrowings" in Item 8 of the Form 10-K for additional information.

(b)Includes repayment by SEGCO of $10 million of its $100 million principal amount long-term bank loan due November 15, 2025, which is guaranteed by Alabama Power. At September 30, 2025, $70 million of the long-term bank loan remains outstanding. See Note 3 to the financial statements under "Guarantees" in Item 8 of the Form 10-K for additional information.

(c)Represents reductions in affiliate finance lease obligations at Georgia Power, which are eliminated in Southern Company's consolidated financial statements.

Except as otherwise described herein, the Registrants