Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1596

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1596
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14)— — — — (15)December 31, 2023:Prepaid other postretirement benefit costs(a)$— $74 $— $— $— $— Other regulatory assets, deferred(b)23 — 11 — — — Other current liabilities(6)— — — (1)— Employee benefit obligations(c)(285)— (79)(32)(8)(44)Other regulatory liabilities, deferred(231)(48)(85)(10)— (68)AOCI(9)— — — 1 (10)(a)Included in prepaid pension and other postretirement benefit costs on Alabama Power's balance sheet.(b)Amounts for Southern Company exclude regulatory assets of $16 million and $24 million at December 31, 2024 and 2023, respectively, associated with unamortized amounts in Southern Company Gas' other postretirement benefit plans prior to its acquisition by Southern Company.(c)Included in other deferred credits and liabilities on Southern Power's consolidated balance sheets.

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

Presented below are the amounts included in net regulatory assets (liabilities) at December 31, 2024 and 2023 related to the other postretirement benefit plans of Southern Company, the traditional electric operating companies, and Southern Company Gas that had not yet been recognized in net periodic other postretirement benefit cost.Southern CompanyAlabama PowerGeorgiaPowerMississippi PowerSouthern Company Gas(in millions)Balance at December 31, 2024:Regulatory assets (liabilities):Prior service cost$11 $3 $4 $1 $— Net gain(200)(48)(68)(10)(71)Regulatory amortization— — — — (13)Total regulatory assets (liabilities)(*)$(189)$(45)$(64)$(9)$(84)Balance at December 31, 2023:Regulatory assets (liabilities):Prior service cost$13 $4 $5 $1 $— Net gain(216)(52)(79)(11)(64)Regulatory amortization— — — — (4)Total regulatory assets (liabilities)(*)$(203)$(48)$(74)$(10)$(68)(*)Amount