Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1897

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1897
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BINED NOTES TO FINANCIAL STATEMENTS

Fair Value Measurements UsingQuoted Prices in Active Markets for Identical AssetsSignificantOtherObservableInputsNet Asset Value as a Practical ExpedientTarget AllocationActual AllocationAt December 31, 2024:(Level 1)(Level 2)(NAV)Total(in millions)Mississippi PowerAssets:Equity:41 %41 %Domestic equity$97 $38 $— $135 International equity89 47 — 136 Fixed income:30 31 U.S. Treasury, government, and agency bonds— 81 — 81 Mortgage- and asset-backed securities— 2 — 2 Corporate bonds— 78 — 78 Pooled funds— 36 — 36 Cash equivalents and other12 — — 12 Real estate investments16 — 71 87 12 13 Special situations— — 11 11 3 2 Private equity— — 82 82 9 12 Private credit— — 7 7 3 1 Infrastructure— — — — 2 — Total$214 $282 $171 $667 100 %100 %Liabilities:Derivatives$— $(2)$— $(2)Total$214 $280 $171 $665 100 %100 %Southern PowerAssets:Equity:41 %41 %Domestic equity$27 $11 $— $38 International equity25 13 — 38 Fixed income:30 31 U.S. Treasury, government, and agency bonds— 23 — 23 Mortgage- and asset-backed securities— 1 — 1 Corporate bonds— 22 — 22 Pooled funds— 10 — 10 Cash equivalents and other3 — — 3 Real estate investments5 — 20 25 12 13 Special situations— — 3 3 3 2 Private equity— — 23 23 9 12 Private credit— — 2 2 3 1 Infrastructure— — — — 2 — Total$60 $80 $48 $188 100%100 %

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