REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2025

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)
2025
Operating revenues
Retail electric revenues
Residential	$	8,601	$	3,209	$	5,064	$	328	$	—	$	—
Commercial	6,995		2,071		4,582		342		—		—
Industrial	4,045		1,704		1,984		357		—		—
Other	123		10		104		9		—		—
Total retail electric revenues	19,764		6,994		11,734		1,036		—		—
Natural gas distribution revenues
Residential	2,164		—		—		—		—		2,164
Commercial	527		—		—		—		—		527
Transportation	1,424		—		—		—		—		1,424
Industrial	44		—		—		—		—		44
Other	295		—		—		—		—		295
Total natural gas distribution revenues	4,454		—		—		—		—		4,454
Wholesale electric revenues
PPA energy revenues	1,430		248		245		13		966		—
PPA capacity revenues	637		134		146		69		356		—
Non-PPA revenues	299		194		64		484		220		—
Total wholesale electric revenues	2,366		576		455		566		1,542		—
Other natural gas revenues
Gas marketing services	569		—		—		—		—		569
Other	12		—		—		—		—		12
Total other natural gas revenues	581		—		—		—		—		581
Other revenues	1,777		265		805		55		18		—
Total revenue from contracts with customers	28,942		7,835		12,994		1,657		1,560		5,035
Other revenue sources(*)	611		400		(363)		38		638		9
Total operating revenues	$	29,553	$	8,235	$	12,631	$	1,695	$	2,198	$	5,044


	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

(*)Other revenue sources relate to revenues from customers accounted for as derivatives and leases, alternative revenue programs primarily 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)
2025	$	19,331	$	2,940	$	1,506	$	23,777
2024	17,790		2,431		1,382		21,603
2023	16,343		2,467		1,188		19,998


Southern Company Gas' Revenues
Year	Gas Distribution Operations		Gas Marketing Services		Other		Total
	(in millions)
2025	$	4,428	$	582	$	34	$	5,044
2024	3,899		516		41		4,456
2023	4,090		548		64		4,702

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, 2025 and 2024:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Accounts Receivable
At December 31, 2025	$	3,139	$	716	$	1,278	$	115	$	132	$	864
At December 31, 2024	3,048		783		1,244		113		106		660
Contract Assets
At December 31, 2025	$	294	$	3	$	160	$	—	$	—	$	67
At December 31, 2024	323		3		184		—		—		72
Contract Liabilities
At December 31, 2025	$	213	$	6	$	75	$	—	$	2	$	—
At December 31, 2024	140		11		34		—		2		3

Revenue, remaining performance obligation, expected timing of satisfaction

Revenues from contracts with customers related to these performance obligations remaining at December 31, 2025 are expected to be recognized as follows:


	2026		2027		2028		2029		2030		Thereafter
	(in millions)
Southern Company	$	1,060	$	583	$	408	$	385	$	389	$	2,685
Alabama Power	48		5		4		1		1		6
Georgia Power	65		45		35		21		21		76
Mississippi Power(*)	66		69		73		12		—		—
Southern Power(*)	350		348		358		368		367		2,603

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