REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

The following table disaggregates revenue from contracts with customers for the periods presented:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
2024
Operating revenues
Retail electric revenues
Residential	$	8,276	$	3,133	$	4,835	$	308	$	—	$	—
Commercial	6,585		2,042		4,219		324		—		—
Industrial	3,892		1,742		1,808		342		—		—
Other	124		13		102		9		—		—
Total retail electric revenues	18,877		6,930		10,964		983		—		—
Natural gas distribution revenues
Residential	1,753		—		—		—		—		1,753
Commercial	417		—		—		—		—		417
Transportation	1,295		—		—		—		—		1,295
Industrial	34		—		—		—		—		34
Other	316		—		—		—		—		316
Total natural gas distribution revenues	3,815		—		—		—		—		3,815
Wholesale electric revenues
PPA energy revenues	1,059		206		94		4		778		—
PPA capacity revenues	641		108		136		63		400		—
Non-PPA revenues	226		139		5		375		230		—
Total wholesale electric revenues	1,926		453		235		442		1,408		—
Other natural gas revenues
Gas marketing services	507		—		—		—		—		507
Other	18		—		—		—		—		18
Total other natural gas revenues	525		—		—		—		—		525
Other revenues	1,621		240		721		52		37		—
Total revenue from contracts with customers	26,764		7,623		11,920		1,477		1,445		4,340
Other revenue sources(*)	(40)		(69)		(589)		(14)		569		116
Total operating revenues	$	26,724	$	7,554	$	11,331	$	1,463	$	2,014	$	4,456


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
2023
Operating revenues
Retail electric revenues
Residential	$	7,309	$	2,904	$	4,105	$	300	$	—	$	—
Commercial	5,860		1,928		3,624		308		—		—
Industrial	3,613		1,721		1,558		334		—		—
Other	112		12		91		9		—		—
Total retail electric revenues	16,894		6,565		9,378		951		—		—
Natural gas distribution revenues
Residential	1,981		—		—		—		—		1,981
Commercial	505		—		—		—		—		505
Transportation	1,184		—		—		—		—		1,184
Industrial	45		—		—		—		—		45
Other	324		—		—		—		—		324
Total natural gas distribution revenues	4,039		—		—		—		—		4,039
Wholesale electric revenues
PPA energy revenues	1,107		234		87		20		790		—
PPA capacity revenues	624		156		51		45		376		—
Non-PPA revenues	250		65		35		407		409		—
Total wholesale electric revenues	1,981		455		173		472		1,575		—
Other natural gas revenues

Gas marketing services	528		—		—		—		—		528
Other	31		—		—		—		—		31
Total other natural gas revenues	559		—		—		—		—		559
Other revenues	1,355		213		578		39		55		—
Total revenue from contracts with customers	24,828		7,233		10,129		1,462		1,630		4,598
Other revenue sources(*)	425		(183)		(11)		12		559		104

Total operating revenues	$	25,253	$	7,050	$	10,118	$	1,474	$	2,189	$	4,702


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
2022
Operating revenues
Retail electric revenues
Residential	$	6,604	$	2,638	$	3,664	$	302	$	—	$	—
Commercial	5,369		1,685		3,385		299		—		—
Industrial	3,764		1,507		1,921		336		—		—
Other	102		14		79		9		—		—
Total retail electric revenues	15,839		5,844		9,049		946		—		—
Natural gas distribution revenues
Residential	2,843		—		—		—		—		2,843
Commercial	763		—		—		—		—		763
Transportation	1,186		—		—		—		—		1,186
Industrial	84		—		—		—		—		84
Other	342		—		—		—		—		342
Total natural gas distribution revenues	5,218		—		—		—		—		5,218
Wholesale electric revenues
PPA energy revenues	2,274		489		130		16		1,673		—
PPA capacity revenues	596		194		47		4		356		—
Non-PPA revenues	250		200		30		690		740		—
Total wholesale electric revenues	3,120		883		207		710		2,769		—
Other natural gas revenues

Gas marketing services	636		—		—		—		—		636
Other	51		—		—		—		—		51
Total other natural gas revenues	687		—		—		—		—		687
Other revenues	1,077		194		446		47		36		—
Total revenue from contracts with customers	25,941		6,921		9,702		1,703		2,805		5,905
Other revenue sources(*)	3,338		896		1,882		(9)		564		57
Total operating revenues	$	29,279	$	7,817	$	11,584	$	1,694	$	3,369	$	5,962

(*)Other revenue sources relate to revenues from customers accounted for as derivatives and leases, alternative revenue programs at Southern Company Gas, and cost recovery mechanisms and revenues (including those related to fuel costs) that meet other scope exceptions for revenues from contracts with customers at the traditional electric operating companies.

Products and Services


Electric Utilities' Revenues
Year	Retail		Wholesale		Other		Total
	(in millions)
2024	$	17,790	$	2,431	$	1,382	$	21,603
2023	16,343		2,467		1,188		19,998
2022	18,197		3,641		1,035		22,873


Southern Company Gas' Revenues
Year	Gas Distribution Operations		Gas Marketing Services		All Other		Total
	(in millions)
2024	$	3,899	$	516	$	41	$	4,456
2023	4,090		548		64		4,702
2022	5,240		638		84		5,962

Contract with customer, asset and liability

The following table reflects the closing balances of receivables, contract assets, and contract liabilities related to revenues from contracts with customers at December 31, 2024 and 2023:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Accounts Receivable
At December 31, 2024	$	3,048	$	783	$	1,244	$	113	$	106	$	660
At December 31, 2023	2,820		821		1,011		90		122		684
Contract Assets
At December 31, 2024	$	323	$	3	$	184	$	—	$	—	$	72
At December 31, 2023	271		2		121		—		—		56
Contract Liabilities
At December 31, 2024	$	140	$	11	$	34	$	—	$	2	$	3
At December 31, 2023	116		—		1		—		4		—

Revenue, remaining performance obligation, expected timing of satisfaction

Revenues from contracts with customers related to these performance obligations remaining at December 31, 2024 are expected to be recognized as follows:


	2025		2026		2027		2028		2029		Thereafter
	(in millions)
Southern Company	$	937	$	427	$	371	$	343	$	309	$	2,636
Alabama Power	11		—		—		—		—		—
Georgia Power	69		30		15		16		2		27
Mississippi Power(*)	63		66		69		73		—		—
Southern Power(*)	340		331		340		316		312		2,609
Southern Company Gas	2		—		—		—		—		—

(*)Includes performance obligations related to affiliate PPAs with Georgia Power. See Note 1 under "Affiliate Transactions" for additional information.