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RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2025

The weighted average rates assumed in the actuarial calculations used to determine both the net periodic costs for the pension and other postretirement benefit plans for the following year and the benefit obligations as of the measurement date are presented below.


	2025
Assumptions used to determine net periodic costs:	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
Pension plans
Discount rate – benefit obligations	5.76	%	5.78	%	5.75	%	5.76	%	5.84	%	5.73	%
Discount rate – interest costs	5.47		5.48		5.44		5.46		5.58		5.46
Discount rate – service costs	5.93		5.95		5.95		5.94		5.93		5.84
Expected long-term return on plan assets	8.50		8.50		8.50		8.50		8.50		8.50
Annual salary increase	4.60		4.60		4.60		4.60		4.60		4.60
Other postretirement benefit plans
Discount rate – benefit obligations	5.64	%	5.67	%	5.61	%	5.63	%	5.73	%	5.62	%
Discount rate – interest costs	5.35		5.38		5.34		5.34		5.45		5.30
Discount rate – service costs	5.90		5.92		5.91		5.89		5.86		5.89
Expected long-term return on plan assets	7.80		8.06		7.78		7.69		—		6.44
Annual salary increase	4.60		4.60		4.60		4.60		4.60		4.60


	2024
Assumptions used to determine net periodic costs:	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
Pension plans
Discount rate – benefit obligations	5.07	%	5.08	%	5.06	%	5.06	%	5.14	%	5.05	%
Discount rate – interest costs	4.94		4.94		4.94		4.93		5.01		4.93
Discount rate – service costs	5.19		5.20		5.21		5.19		5.20		5.13
Expected long-term return on plan assets	8.30		8.30		8.30		8.30		8.30		8.30
Annual salary increase	4.60		4.60		4.60		4.60		4.60		4.60
Other postretirement benefit plans
Discount rate – benefit obligations	4.99	%	5.01	%	4.98	%	4.98	%	5.06	%	4.98	%
Discount rate – interest costs	4.90		4.90		4.89		4.90		4.94		4.89
Discount rate – service costs	5.16		5.17		5.16		5.16		5.14		5.16
Expected long-term return on plan assets	7.67		7.97		7.59		7.43		—		6.36
Annual salary increase	4.60		4.60		4.60		4.60		4.60		4.60


	2023
Assumptions used to determine net periodic costs:	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
Pension plans
Discount rate – benefit obligations	5.25	%	5.26	%	5.25	%	5.25	%	5.31	%	5.24	%
Discount rate – interest costs	5.13		5.14		5.12		5.12		5.19		5.12
Discount rate – service costs	5.36		5.38		5.38		5.37		5.37		5.31
Expected long-term return on plan assets	8.40		8.40		8.40		8.40		8.40		8.40
Annual salary increase	4.80		4.80		4.80		4.80		4.80		4.80
Other postretirement benefit plans
Discount rate – benefit obligations	5.18	%	5.20	%	5.17	%	5.17	%	5.24	%	5.16	%
Discount rate – interest costs	5.08		5.09		5.07		5.08		5.12		5.07
Discount rate – service costs	5.34		5.35		5.34		5.33		5.33		5.33
Expected long-term return on plan assets	7.67		7.95		7.49		7.43		—		6.59
Annual salary increase	4.80		4.80		4.80		4.80		4.80		4.80


	2025
Assumptions used to determine benefit obligations:	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
Pension plans
Discount rate	5.69	%	5.72	%	5.67	%	5.66	%	5.85	%	5.61	%
Annual salary increase	5.00		5.00		5.00		5.00		5.00		5.00
Other postretirement benefit plans
Discount rate	5.40	%	5.45	%	5.34	%	5.38	%	5.59	%	5.38	%
Annual salary increase	5.00		5.00		5.00		5.00		5.00		5.00


	2024
Assumptions used to determine benefit obligations:	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
Pension plans
Discount rate	5.76	%	5.78	%	5.75	%	5.76	%	5.84	%	5.73	%
Annual salary increase	4.60		4.60		4.60		4.60		4.60		4.60
Other postretirement benefit plans
Discount rate	5.64	%	5.67	%	5.61	%	5.63	%	5.73	%	5.62	%
Annual salary increase	4.60		4.60		4.60		4.60		4.60		4.60

Schedule of health care cost trend rates

The weighted average medical care cost trend rates used in measuring the APBO for the Registrants at December 31, 2025 were as follows:


	Initial Cost Trend Rate		Ultimate Cost Trend Rate		Year That Ultimate Rate is Reached
Pre-65	8.50	%	4.50	%	2034
Post-65 medical	6.00		4.50		2034
Post-65 prescription	11.00		4.50		2034

Schedule of accumulated and projected benefit obligations

The total accumulated benefit obligation for the pension plans at December 31, 2025 and 2024 was as follows:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
At December 31, 2025	$	11,952	$	2,730	$	3,549	$	542	$	147	$	829
At December 31, 2024	11,437		2,617		3,438		519		140		779

The projected benefit obligations for the qualified and non-qualified pension plans at December 31, 2025 are shown in the following table. All pension plan assets are related to the qualified pension plan.


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Projected benefit obligations:
Qualified pension plan	$	12,493	$	2,939	$	3,762	$	566	$	154	$	837
Non-qualified pension plan	696		116		111		28		21		59

Amounts recognized in balance sheets

Amounts recognized in the balance sheets at December 31, 2025 and 2024 related to the Registrants' pension plans consist of the following:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
At December 31, 2025:
Prepaid pension costs(a)	$	3,257	$	899	$	1,099	$	151	$	51	$	219
Other regulatory assets, deferred(b)	2,533		687		907		136		—		114

Other current liabilities	(68)		(12)		(13)		(3)		(2)		(3)
Employee benefit obligations(c)	(628)		(104)		(98)		(25)		(19)		(56)
Other regulatory liabilities, deferred	(47)		—		—		—		—		—
AOCI	38		—		—		—		4		(56)

At December 31, 2024:
Prepaid pension costs(a)	$	2,674	$	746	$	897	$	124	$	41	$	191
Other regulatory assets, deferred(b)	2,708		741		973		144		—		126

Other current liabilities	(68)		(13)		(13)		(2)		(2)		(4)
Employee benefit obligations(c)	(611)		(102)		(98)		(25)		(18)		(51)
Other regulatory liabilities, deferred	(50)		—		—		—		—		—
AOCI	52		—		—		—		11		(54)

(a)Included in prepaid pension and other postretirement benefit costs on Alabama Power's and Southern Company Gas' balance sheets and other deferred charges and assets on Southern Power's consolidated balance sheets.

(b)Amounts for Southern Company exclude regulatory assets of $135 million and $155 million at December 31, 2025 and 2024, respectively, associated with unamortized amounts in Southern Company Gas' pension plans prior to its acquisition by Southern Company.

(c)Included in other deferred credits and liabilities on Southern Power's consolidated balance sheets.

Presented below are the amounts included in regulatory assets at December 31, 2025 and 2024 related to the portion of the defined benefit pension plan attributable to Southern Company, the traditional electric operating companies, and Southern Company Gas that had not yet been recognized in net periodic pension cost.


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Company Gas
	(in millions)
Balance at December 31, 2025
Regulatory assets:
Prior service cost	$	8	$	3	$	4	$	1	$	(2)
Net loss	2,478		684		903		135		89
Regulatory amortization	—		—		—		—		27
Total regulatory assets(*)	$	2,486	$	687	$	907	$	136	$	114

Balance at December 31, 2024
Regulatory assets:
Prior service cost	$	8	$	3	$	5	$	1	$	(4)
Net loss	2,650		738		968		143		91
Regulatory amortization	—		—		—		—		39
Total regulatory assets(*)	$	2,658	$	741	$	973	$	144	$	126

(*)Amounts for Southern Company exclude regulatory assets of $135 million and $155 million at December 31, 2025 and 2024, respectively, associated with unamortized amounts in Southern Company Gas' pension plans prior to its acquisition by Southern Company.

Amounts recognized in the balance sheets at December 31, 2025 and 2024 related to the Registrants' other postretirement benefit plans consist of the following:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
At December 31, 2025:
Prepaid other postretirement benefit costs(a)	$	—	$	117	$	—	$	—	$	—	$	10
Other regulatory assets, deferred(b)	25		—		—		—		—		—
Other current liabilities	(6)		—		—		—		(1)		—
Employee benefit obligations(c)	(143)		—		(53)		(30)		(8)		—
Other regulatory liabilities, deferred	(199)		(47)		(56)		(6)		—		(93)
AOCI	(13)		—		—		—		1		(16)

At December 31, 2024:
Prepaid other postretirement benefit costs(a)	$	—	$	95	$	—	$	—	$	—	$	—
Other regulatory assets, deferred(b)	24		—		3		—		—		—
Other current liabilities	(6)		—		—		—		(1)		—
Employee benefit obligations(c)	(212)		—		(68)		(31)		(8)		(15)
Other regulatory liabilities, deferred	(213)		(45)		(67)		(9)		—		(84)
AOCI	(14)		—		—		—		—		(15)

(a)Included in prepaid pension and other postretirement benefit costs on Alabama Power's and Southern Company Gas' balance sheets.

(b)Amounts for Southern Company exclude regulatory assets of $4 million and $16 million at December 31, 2025 and 2024, 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.

Presented below are the amounts included in net regulatory assets (liabilities) at December 31, 2025 and 2024 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 Company		Alabama Power		Georgia Power		Mississippi Power		Southern Company Gas
	(in millions)
Balance at December 31, 2025:
Regulatory assets (liabilities):
Prior service cost	$	8	$	3	$	3	$	1	$	—
Net gain	(182)		(50)		(59)		(7)		(75)
Regulatory amortization	—		—		—		—		(18)
Total regulatory assets (liabilities)(*)	$	(174)	$	(47)	$	(56)	$	(6)	$	(93)

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)

(*)Amounts for Southern Company exclude regulatory assets of $4 million and $16 million at December 31, 2025 and 2024, respectively, associated with unamortized amounts in Southern Company Gas' other postretirement benefit plans prior to its acquisition by Southern Company.

Changes in projected benefit obligations and fair value of plan assets

Changes in the projected benefit obligations and the fair value of plan assets during the plan years ended December 31, 2025 and 2024 were as follows:


	2025
	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Change in benefit obligation
Benefit obligation at beginning of year	$	12,564	$	2,908	$	3,733	$	567	$	167	$	842

Service cost	264		60		63		11		6		27
Interest cost	664		154		196		30		9		45

Benefits paid	(761)		(166)		(247)		(35)		(6)		(55)
Actuarial (gain) loss	458		99		128		21		(1)		36
Balance at end of year	13,189		3,055		3,873		594		175		895
Change in plan assets
Fair value of plan assets at beginning of year	14,559		3,539		4,519		664		188		978

Actual return on plan assets	1,886		452		576		86		22		130
Employer contributions	66		13		13		2		1		2
Benefits paid	(761)		(166)		(247)		(35)		(6)		(55)
Fair value of plan assets at end of year	15,750		3,838		4,861		717		205		1,055
Accrued asset	$	2,561	$	783	$	988	$	123	$	30	$	160


	2024
	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Change in benefit obligation
Benefit obligation at beginning of year	$	13,252	$	3,076	$	4,009	$	599	$	177	$	882

Service cost	292		68		70		12		7		28
Interest cost	635		148		191		29		9		42
Benefits paid	(728)		(162)		(239)		(33)		(6)		(46)
Actuarial gain	(887)		(222)		(298)		(40)		(20)		(64)
Balance at end of year	12,564		2,908		3,733		567		167		842
Change in plan assets
Fair value of plan assets at beginning of year	14,618		3,544		4,571		669		185		980

Actual return on plan assets	604		148		152		23		7		39
Employer contributions	65		9		35		5		2		5
Benefits paid	(728)		(162)		(239)		(33)		(6)		(46)
Fair value of plan assets at end of year	14,559		3,539		4,519		664		188		978
Accrued asset	$	1,995	$	631	$	786	$	97	$	21	$	136

Components of net periodic benefit cost

Components of net periodic pension cost for the Registrants were as follows:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
2025
Service cost	$	264	$	60	$	63	$	11	$	6	$	27
Interest cost	664		154		196		30		9		45
Expected return on plan assets	(1,281)		(312)		(397)		(59)		(17)		(86)
Recognized net (gain) loss(*)	38		11		15		3		—		(1)
Net amortization(*)	—		1		1		—		—		15
Prior service cost(*)	—		—		—		—		—		(3)
Net periodic pension income	$	(315)	$	(86)	$	(122)	$	(15)	$	(2)	$	(3)

2024
Service cost	$	292	$	68	$	70	$	12	$	7	$	28
Interest cost	635		148		191		29		9		42
Expected return on plan assets	(1,263)		(307)		(393)		(58)		(17)		(85)
Recognized net loss(*)	55		16		19		3		—		—
Net amortization(*)	—		1		1		—		—		15
Prior service cost(*)	—		—		—		—		—		(3)
Net periodic pension income	$	(281)	$	(74)	$	(112)	$	(14)	$	(1)	$	(3)

2023
Service cost	$	275	$	64	$	68	$	11	$	6	$	24
Interest cost	626		145		191		28		8		42
Expected return on plan assets	(1,229)		(297)		(385)		(56)		(15)		(85)
Recognized net (gain) loss(*)	32		9		13		2		—		(5)
Net amortization(*)	—		1		1		—		—		15
Prior service cost(*)	—		—		—		—		—		(3)
Net periodic pension income	$	(296)	$	(78)	$	(112)	$	(15)	$	(1)	$	(12)

(*)For Southern Company, excludes amounts related to net periodic pension cost of $20 million, $20 million, and $17 million for the years ended December 31, 2025, 2024, and 2023, respectively, associated with unamortized amounts in Southern Company Gas' pension plans prior to its acquisition by Southern Company.

Components of the other postretirement benefit plans' net periodic cost for the Registrants were as follows:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
2025
Service cost	$	13	$	4	$	4	$	1	$	—	$	—
Interest cost	70		17		25		3		—		7
Expected return on plan assets	(91)		(35)		(33)		(3)		1		(15)
Net amortization(*)	(12)		(2)		(2)		—		—		5
Net periodic other postretirement benefit cost (income)	$	(20)	$	(16)	$	(6)	$	1	$	1	$	(3)

2024
Service cost	$	15	$	4	$	4	$	1	$	—	$	1
Interest cost	65		16		23		3		—		8
Expected return on plan assets	(89)		(35)		(32)		(3)		1		(13)
Net amortization(*)	(13)		(3)		(4)		—		—		6
Net periodic other postretirement benefit cost (income)	$	(22)	$	(18)	$	(9)	$	1	$	1	$	2

2023
Service cost	$	15	$	4	$	4	$	1	$	—	$	1
Interest cost	70		17		25		3		—		9
Expected return on plan assets	(83)		(33)		(29)		(3)		1		(10)
Net amortization(*)	(11)		(3)		(3)		—		—		6
Net periodic other postretirement benefit cost (income)	$	(9)	$	(15)	$	(3)	$	1	$	1	$	6

(*)For Southern Company, excludes amounts related to net periodic other postretirement benefit cost of $12 million, $8 million, and $8 million for the years ended December 31, 2025, 2024, and 2023, respectively, associated with unamortized amounts in Southern Company Gas' other postretirement benefit plans prior to its acquisition by Southern Company.

Estimated pension benefit payments

At December 31, 2025, estimated benefit payments were as follows:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Benefit Payments:
2026	$	803	$	176	$	252	$	36	$	7	$	62
2027	827		182		255		37		8		63
2028	847		188		259		38		7		65
2029	868		193		264		38		8		66
2030	889		198		267		39		9		68
2031 to 2035	4,638		1,041		1,353		209		55		360


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Benefit payments:
2026	$	114	$	26	$	42	$	5	$	1	$	15
2027	115		26		43		5		1		15
2028	116		27		43		5		1		14
2029	116		27		43		5		1		14
2030	116		27		43		5		1		13
2031 to 2035	566		136		211		23		1		56

Components of OCI related to defined benefit pension plan

The components of OCI related to the portion of the defined benefit pension plan attributable to Southern Company, Southern Power, and Southern Company Gas for the years ended December 31, 2025 and 2024 are presented in the following table:


	Southern Company		Southern Power		Southern Company Gas
	(in millions)
AOCI:
Balance at December 31, 2023	$	79	$	20	$	(45)
Net gain	(29)		(9)		(11)


Reclassification adjustments:
Amortization of prior service costs	1		—		2
Amortization of net gain	1		—		—
Total reclassification adjustments	2		—		2
Total change	(27)		(9)		(9)
Balance at December 31, 2024	$	52	$	11	$	(54)
Net gain	(21)		(7)		(3)

Reclassification adjustments:
Amortization of prior service costs	1		—		1
Amortization of net gain	6		—		—
Total reclassification adjustments	7		—		1
Total change	(14)		(7)		(2)
Balance at December 31, 2025	$	38	$	4	$	(56)

The components of OCI related to the other postretirement benefit plans for the plan years ended December 31, 2025 and 2024 are presented in the following table:


	Southern Company		Southern Power		Southern Company Gas
	(in millions)
AOCI:
Balance at December 31, 2023	$	(9)	$	1	$	(10)
Net gain	(8)		(1)		(5)

Reclassification adjustments:

Amortization of net gain	3		—		—

Total change	(5)		(1)		(5)
Balance at December 31, 2024	$	(14)	$	—	$	(15)
Net (gain) loss	(1)		1		(1)

Reclassification adjustments:

Amortization of net gain	2		—		—

Total change	1		1		(1)
Balance at December 31, 2025	$	(13)	$	1	$	(16)

Changes in the APBO and the fair value of plan assets

Changes in the APBO and the fair value of the Registrants' plan assets during the plan years ended December 31, 2025 and 2024 were as follows:


	2025
	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Change in benefit obligation
Benefit obligation at beginning of year	$	1,359	$	326	$	488	$	55	$	9	$	156

Service cost	13		4		4		1		—		—
Interest cost	70		17		25		3		—		7
Benefits paid	(113)		(24)		(40)		(5)		(1)		(16)
Actuarial (gain) loss	71		17		34		3		1		(1)

Balance at end of year	1,400		340		511		57		9		146
Change in plan assets
Fair value of plan assets at beginning of year	1,141		421		420		24		—		141

Actual return on plan assets	158		56		61		4		—		19
Employer contributions	65		4		17		4		1		12
Benefits paid	(113)		(24)		(40)		(5)		(1)		(16)
Fair value of plan assets at end of year	1,251		457		458		27		—		156
Accrued asset (liability)	$	(149)	$	117	$	(53)	$	(30)	$	(9)	$	10


	2024
	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
Change in benefit obligation
Benefit obligation at beginning of year	$	1,386	$	329	$	489	$	57	$	9	$	172

Service cost	15		4		4		1		—		1
Interest cost	65		16		23		3		—		8
Benefits paid	(105)		(25)		(37)		(4)		(1)		(12)
Actuarial (gain) loss	(2)		2		9		(2)		1		(13)

Balance at end of year	1,359		326		488		55		9		156
Change in plan assets
Fair value of plan assets at beginning of year	1,095		403		410		25		—		128

Actual return on plan assets	96		37		34		—		—		18
Employer contributions	55		6		13		3		1		7
Benefits paid	(105)		(25)		(37)		(4)		(1)		(12)
Fair value of plan assets at end of year	1,141		421		420		24		—		141
Accrued asset (liability)	$	(218)	$	95	$	(68)	$	(31)	$	(9)	$	(15)

Changes in balances of regulatory assets and regulatory liabilities related to defined benefit pension plans

The changes in the balance of net regulatory assets (liabilities) related to the portion of the defined benefit pension plan attributable to Southern Company, the traditional electric operating companies, and Southern Company Gas for the years ended December 31, 2025 and 2024 are presented in the following table:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Company Gas
	(in millions)
Net regulatory assets (liabilities):(*)
Balance at December 31, 2023	$	2,913	$	821	$	1,051	$	152	$	143
Net gain	(199)		(63)		(58)		(5)		(7)


Reclassification adjustments:
Amortization of prior service costs	(1)		(1)		(1)		—		2
Amortization of net loss	(55)		(16)		(19)		(3)		(1)
Amortization of regulatory assets(*)	—		—		—		—		(11)
Total reclassification adjustments	(56)		(17)		(20)		(3)		(10)
Total change	(255)		(80)		(78)		(8)		(17)
Balance at December 31, 2024	$	2,658	$	741	$	973	$	144	$	126
Net (gain) loss	(127)		(42)		(50)		(5)		1


Reclassification adjustments:
Amortization of prior service costs	(1)		(1)		(1)		—		2
Amortization of net loss	(44)		(11)		(15)		(3)		(3)
Amortization of regulatory assets(*)	—		—		—		—		(12)
Total reclassification adjustments	(45)		(12)		(16)		(3)		(13)
Total change	(172)		(54)		(66)		(8)		(12)
Balance at December 31, 2025	$	2,486	$	687	$	907	$	136	$	114

The changes in the balance of net regulatory assets (liabilities) related to the other postretirement benefit plans for the plan years ended December 31, 2025 and 2024 are presented in the following table:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Company Gas
	(in millions)
Net regulatory assets (liabilities):(*)
Balance at December 31, 2023	$	(208)	$	(48)	$	(74)	$	(10)	$	(68)
Net (gain) loss	8		1		6		1		(12)


Reclassification adjustments:
Amortization of prior service costs	(2)		(1)		(1)		—		—
Amortization of net gain	13		3		5		—		5
Amortization of regulatory assets(*)	—		—		—		—		(9)
Total reclassification adjustments	11		2		4		—		(4)
Total change	19		3		10		1		(16)
Balance at December 31, 2024	$	(189)	$	(45)	$	(64)	$	(9)	$	(84)
Net (gain) loss	5		(3)		6		3		2


Reclassification adjustments:
Amortization of prior service costs	(2)		(1)		(1)		—		—
Amortization of net gain (loss)	12		2		3		—		(6)
Amortization of regulatory assets(*)	—		—		—		—		(5)
Total reclassification adjustments	10		1		2		—		(11)
Total change	15		(2)		8		3		(9)
Balance at December 31, 2025	$	(174)	$	(47)	$	(56)	$	(6)	$	(93)

Amounts included in AOCI related to defined benefit pension plans

Presented below are the amounts included in AOCI at December 31, 2025 and 2024 related to the portion of the defined benefit pension plan attributable to Southern Company, Southern Power, and Southern Company Gas that had not yet been recognized in net periodic pension cost.


	Southern Company		Southern Power		Southern Company Gas
	(in millions)
Balance at December 31, 2025
AOCI:

Net (gain) loss	$	38	$	4	$	(56)


Balance at December 31, 2024
AOCI:
Prior service cost	$	(1)	$	—	$	(1)
Net (gain) loss	53		11		(53)
Total AOCI	$	52	$	11	$	(54)

Presented below are the amounts included in AOCI at December 31, 2025 and 2024 related to the other postretirement benefit plans of Southern Company, Southern Power, and Southern Company Gas that had not yet been recognized in net periodic other postretirement benefit cost.


	Southern Company		Southern Power		Southern Company Gas
	(in millions)
Balance at December 31, 2025
AOCI:

Net (gain) loss	$	(13)	$	1	$	(16)


Balance at December 31, 2024
AOCI:

Net gain	$	(14)	$	—	$	(15)

Summary of investment strategies and benefit plan asset fair values

A description of the major asset classes that the pension and other postretirement benefit plans are comprised of, along with the valuation methods used for fair value measurement, is provided below:


Description			Valuation Methodology
Domestic equity: A mix of large and small capitalization stocks with generally an equal distribution of value and growth attributes, managed both actively and through passive index approaches. International equity: A mix of large and small capitalization growth and value stocks with developed and emerging markets exposure, managed both actively and through fundamental indexing approaches.			Domestic and international equities such as common stocks, American depositary receipts, and real estate investment trusts that trade on public exchanges are classified as Level 1 investments and are valued at the closing price in the active market. Equity funds with unpublished prices that are comprised of publicly traded securities (such as commingled/pooled funds) are also valued at the closing price in the active market but are classified as Level 2.
Fixed income: A mix of domestic and international bonds.			Investments in fixed income securities, including fixed income pooled funds, are generally classified as Level 2 investments and are valued based on prices reported in the market place. Additionally, the value of fixed income securities takes into consideration certain items such as broker quotes, spreads, yield curves, interest rates, and discount rates that apply to the term of a specific instrument.
Trust-owned life insurance (TOLI): Investments of taxable trusts aimed at minimizing the impact of taxes on the portfolio.			Investments in TOLI policies are classified as Level 2 investments and are valued based on the underlying investments held in the policy's separate accounts. The underlying assets are equity and fixed income pooled funds that are comprised of Level 1 and Level 2 securities.
Real estate: Investments in equity or debt of real properties and in publicly traded real estate securities. Special situations: Investments in opportunistic strategies with the objective of diversifying and enhancing returns and exploiting short-term inefficiencies, as well as investments in promising new strategies of a longer-term nature. Private equity: Investments in private or public securities typically through privately-negotiated and/or structured transactions, including leveraged buyouts, venture capital, and distressed debt. Private credit: Investments focused on debt instruments, of which returns are driven by income rather than capital appreciation. Infrastructure: Investments in real assets, typically with long-term, predictable, and stable cash flows and a meaningful income component.			Investments in real estate, special situations, private equity, private credit, and infrastructure are typically invested in private partnerships and/or other pooled vehicles (Investment Funds) which are generally classified as Net Asset Value as a Practical Expedient, since the Investment Funds and underlying assets are not publicly traded and/or often have liquidity restrictions. The managers of the Investment Funds value the assets using various inputs and techniques depending on the nature of the underlying investments. Techniques may include purchase multiples for comparable transactions, comparable public company trading multiples, discounted cash flow analysis, prevailing market capitalization rates, recent sales of comparable investments, and independent third-party appraisals. The total market value of each of the Investment Funds is determined by aggregating the value of the underlying assets less liabilities.

Fair values of plan assets

The fair values, and actual allocations relative to the target allocations, of the Southern Company system's pension plans at December 31, 2025 and 2024 are presented below.


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2025:	(Level 1)		(Level 2)		(NAV)		Total
	(in millions)
Southern Company
Assets:
Equity:									41	%	42	%
Domestic equity	$	2,216	$	884	$	—	$	3,100
International equity	2,219		1,184		—		3,403
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		1,994		—		1,994
Mortgage- and asset-backed securities	—		75		—		75
Corporate bonds	—		1,859		—		1,859
Pooled funds	—		850		—		850
Cash equivalents and other	237		5		—		242
Real estate investments	350		—		1,541		1,891		12		12
Special situations	—		—		258		258		3		2
Private equity	—		—		1,829		1,829		9		11
Private credit	—		—		265		265		3		2
Infrastructure	—		—		60		60		2		—
Total	$	5,022	$	6,851	$	3,953	$	15,826	100	%	100	%
Liabilities:
Derivatives	$	(1)	$	—	$	—	$	(1)
Total	$	5,021	$	6,851	$	3,953	$	15,825	100	%	100	%

Alabama Power
Assets:
Equity:									41	%	42	%
Domestic equity	$	538	$	215	$	—	$	753
International equity	541		289		—		830
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		486		—		486
Mortgage- and asset-backed securities	—		18		—		18
Corporate bonds	—		453		—		453
Pooled funds	—		207		—		207
Cash equivalents and other	58		1		—		59
Real estate investments	85		—		376		461		12		12
Special situations	—		—		63		63		3		2
Private equity	—		—		446		446		9		11
Private credit	—		—		65		65		3		2
Infrastructure	—		—		15		15		2		—
Total	$	1,222	$	1,669	$	965	$	3,856	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2025:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Georgia Power
Assets:
Equity:									41	%	42	%
Domestic equity	$	683	$	273	$	—	$	956
International equity	685		365		—		1,050
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		615		—		615
Mortgage- and asset-backed securities	—		23		—		23
Corporate bonds	—		574		—		574
Pooled funds	—		262		—		262
Cash equivalents and other	73		2		—		75
Real estate investments	108		—		476		584		12		12
Special situations	—		—		80		80		3		2
Private equity	—		—		564		564		9		11
Private credit	—		—		82		82		3		2
Infrastructure	—		—		19		19		2		—
Total	$	1,549	$	2,114	$	1,221	$	4,884	100	%	100	%




Mississippi Power
Assets:
Equity:									41	%	42	%
Domestic equity	$	100	$	40	$	—	$	140
International equity	101		54		—		155
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		91		—		91
Mortgage- and asset-backed securities	—		3		—		3
Corporate bonds	—		85		—		85
Pooled funds	—		39		—		39
Cash equivalents and other	11		—		—		11
Real estate investments	16		—		70		86		12		12
Special situations	—		—		12		12		3		2
Private equity	—		—		83		83		9		11
Private credit	—		—		12		12		3		2
Infrastructure	—		—		3		3		2		—
Total	$	228	$	312	$	180	$	720	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2025:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Southern Power
Assets:
Equity:									41	%	42	%
Domestic equity	$	29	$	12	$	—	$	41
International equity	29		15		—		44
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		26		—		26
Mortgage- and asset-backed securities	—		1		—		1
Corporate bonds	—		24		—		24
Pooled funds	—		11		—		11
Cash equivalents and other	3		—		—		3
Real estate investments	5		—		20		25		12		12
Special situations	—		—		3		3		3		2
Private equity	—		—		24		24		9		11
Private credit	—		—		3		3		3		2
Infrastructure	—		—		1		1		2		—
Total	$	66	$	89	$	51	$	206	100%		100	%

Southern Company Gas
Assets:
Equity:									41	%	42	%
Domestic equity	$	148	$	59	$	—	$	207
International equity	149		79		—		228
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		134		—		134
Mortgage- and asset-backed securities	—		5		—		5
Corporate bonds	—		125		—		125
Pooled funds	—		57		—		57
Cash equivalents and other	16		—		—		16
Real estate investments	23		—		103		126		12		12
Special situations	—		—		17		17		3		2
Private equity	—		—		123		123		9		11
Private credit	—		—		18		18		3		2
Infrastructure	—		—		4		4		2		—
Total	$	336	$	459	$	265	$	1,060	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total
	(in millions)
Southern Company
Assets:
Equity:									41	%	41	%
Domestic equity	$	2,095	$	835	$	—	$	2,930
International equity	1,959		1,032		—		2,991
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		1,780		—		1,780
Mortgage- and asset-backed securities	—		48		—		48
Corporate bonds	—		1,715		—		1,715
Pooled funds	—		792		—		792
Cash equivalents and other	255		—		—		255
Real estate investments	361		—		1,563		1,924		12		13
Special situations	—		—		237		237		3		2
Private equity	—		—		1,797		1,797		9		12
Private Credit	—		—		152		152		3		1
Infrastructure	—		—		—		—		2		—
Total	$	4,670	$	6,202	$	3,749	$	14,621	100	%	100	%
Liabilities:
Derivatives	$	—	$	(33)	$	—	$	(33)
Total	$	4,670	$	6,169	$	3,749	$	14,588	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Alabama Power
Assets:
Equity:									41	%	41	%
Domestic equity	$	509	$	203	$	—	$	712
International equity	476		251		—		727
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		433		—		433
Mortgage- and asset-backed securities	—		12		—		12
Corporate bonds	—		417		—		417
Pooled funds	—		193		—		193
Cash equivalents and other	62		—		—		62
Real estate investments	88		—		380		468		12		13
Special situations	—		—		57		57		3		2
Private equity	—		—		437		437		9		12
Private credit	—		—		37		37		3		1
Infrastructure	—		—		—		—		2		—
Total	$	1,135	$	1,509	$	911	$	3,555	100	%	100	%
Liabilities:
Derivatives	$	—	$	(8)	$	—	$	(8)
Total	$	1,135	$	1,501	$	911	$	3,547	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Georgia Power
Assets:
Equity:									41	%	41	%
Domestic equity	$	652	$	259	$	—	$	911
International equity	608		320		—		928
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		552		—		552
Mortgage- and asset-backed securities	—		15		—		15
Corporate bonds	—		532		—		532
Pooled funds	—		246		—		246
Cash equivalents and other	79		—		—		79
Real estate investments	112		—		485		597		12		13
Special situations	—		—		73		73		3		2
Private equity	—		—		558		558		9		12
Private credit	—		—		47		47		3		1
Infrastructure	—		—		—		—		2		—
Total	$	1,451	$	1,924	$	1,163	$	4,538	100	%	100	%
Liabilities:
Derivatives	$	—	$	(10)	$	—	$	(10)
Total	$	1,451	$	1,914	$	1,163	$	4,528	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Mississippi Power
Assets:
Equity:									41	%	41	%
Domestic equity	$	97	$	38	$	—	$	135
International equity	89		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 other	12		—		—		12
Real estate investments	16		—		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 Power
Assets:
Equity:									41	%	41	%
Domestic equity	$	27	$	11	$	—	$	38
International equity	25		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 other	3		—		—		3
Real estate investments	5		—		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	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Southern Company Gas
Assets:
Equity:									41	%	41	%
Domestic equity	$	142	$	56	$	—	$	198
International equity	132		69		—		201
Fixed income:									30		31
U.S. Treasury, government, and agency bonds	—		120		—		120
Mortgage- and asset-backed securities	—		3		—		3
Corporate bonds	—		115		—		115
Pooled funds	—		53		—		53
Cash equivalents and other	17		—		—		17
Real estate investments	24		—		105		129		12		13
Special situations	—		—		16		16		3		2
Private equity	—		—		121		121		9		12
Private credit	—		—		10		10		3		1
Infrastructure	—		—		—		—		2		—
Total	$	315	$	416	$	252	$	983	100	%	100	%
Liabilities:
Derivatives	$	—	$	(2)	$	—	$	(2)
Total	$	315	$	414	$	252	$	981	100	%	100	%

The fair values, and actual allocations relative to the target allocations, of the applicable Registrants' other postretirement benefit plan assets at December 31, 2025 and 2024 are presented below.


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient		Total		Target Allocation		Actual Allocation
At December 31, 2025:	(Level 1)		(Level 2)		(NAV)
	(in millions)
Southern Company
Assets:
Equity:									60	%	63	%
Domestic equity	$	98	$	108	$	—	$	206
International equity	63		102		—		165
Fixed income:									30		27
U.S. Treasury, government, and agency bonds	—		61		—		61
Mortgage- and asset-backed securities	—		2		—		2
Corporate bonds	—		53		—		53
Pooled funds	—		106		—		106
Cash equivalents and other	13		—		—		13
Trust-owned life insurance	—		520		—		520
Real estate investments	11		—		44		55		4		4
Special situations	—		—		7		7		1		1
Private equity	—		—		52		52		3		4
Private credit	—		—		7		7		1		1
Infrastructure	—		—		2		2		1		—
Total	$	185	$	952	$	112	$	1,249	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient		Total		Target Allocation		Actual Allocation
At December 31, 2025:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Alabama Power
Assets:
Equity:									68	%	69	%
Domestic equity	$	18	$	7	$	—	$	25
International equity	18		10		—		28
Fixed income:									23		23
U.S. Treasury, government, and agency bonds	—		17		—		17
Mortgage- and asset-backed securities	—		1		—		1
Corporate bonds	—		15		—		15
Pooled funds	—		11		—		11
Cash equivalents and other	2		—		—		2
Trust-owned life insurance	—		320		—		320
Real estate investments	3		—		13		16		3		3
Special situations	—		—		2		2		1		1
Private equity	—		—		15		15		3		3
Private credit	—		—		2		2		1		1
Infrastructure	—		—		—		—		1		—
Total	$	41	$	381	$	32	$	454	100	%	100	%

Georgia Power
Assets:
Equity:									59	%	60	%
Domestic equity	$	54	$	7	$	—	$	61
International equity	18		50		—		68
Fixed income:									35		32
U.S. Treasury, government, and agency bonds	—		17		—		17
Mortgage- and asset-backed securities	—		1		—		1
Corporate bonds	—		15		—		15
Pooled funds	—		51		—		51
Cash equivalents and other	8		—		—		8
Trust-owned life insurance	—		201		—		201
Real estate investments	4		—		13		17		3		3
Special situations	—		—		2		2		1		1
Private equity	—		—		15		15		2		3
Private credit	—		—		2		2		—		1

Total	$	84	$	342	$	32	$	458	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient		Total		Target Allocation		Actual Allocation
At December 31, 2025:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Mississippi Power
Assets:
Equity:									34	%	34	%
Domestic equity	$	3	$	1	$	—	$	4
International equity	3		2		—		5
Fixed income:									43		43
U.S. Treasury, government, and agency bonds	—		7		—		7
Corporate bonds	—		3		—		3
Pooled funds	—		1		—		1
Cash equivalents and other	1		—		—		1

Real estate investments	—		—		2		2		10		10
Special situations	—		—		—		—		2		2
Private equity	—		—		3		3		7		9
Private credit	—		—		—		—		3		2
Infrastructure	—		—		—		—		1		—
Total	$	7	$	14	$	5	$	26	100	%	100	%

Southern Company Gas
Assets:
Equity:									72	%	74	%
Domestic equity	$	1	$	83	$	—	$	84
International equity	1		29		—		30
Fixed income:									26		24
U.S. Treasury, government, and agency bonds	—		1		—		1

Corporate bonds	—		1		—		1
Pooled funds	—		34		—		34
Cash equivalents and other	1		—		—		1

Real estate investments	—		—		1		1		1		1

Private equity	—		—		1		1		1		1


Total	$	3	$	148	$	2	$	153	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total
	(in millions)
Southern Company
Assets:
Equity:									61	%	62	%
Domestic equity	$	94	$	98	$	—	$	192
International equity	54		83		—		137
Fixed income:									29		28
U.S. Treasury, government, and agency bonds	—		54		—		54
Mortgage- and asset-backed securities	—		1		—		1
Corporate bonds	—		48		—		48
Pooled funds	—		99		—		99
Cash equivalents and other	16		—		—		16
Trust-owned life insurance	—		478		—		478
Real estate investments	11		—		43		54		4		5
Special situations	—		—		6		6		1		1
Private equity	—		—		50		50		3		4
Private credit	—		—		4		4		1		—
Infrastructure	—		—		—		—		1		—
Total	$	175	$	861	$	103	$	1,139	100	%	100	%
Liabilities:
Derivatives	$	—	$	(1)	$	—	$	(1)
Total	$	175	$	860	$	103	$	1,138	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Alabama Power
Assets:
Equity:									68	%	68	%
Domestic equity	$	17	$	7	$	—	$	24
International equity	16		9		—		25
Fixed income:									23		24
U.S. Treasury, government, and agency bonds	—		14		—		14

Corporate bonds	—		14		—		14
Pooled funds	—		11		—		11
Cash equivalents and other	2		—		—		2
Trust-owned life insurance	—		294		—		294
Real estate investments	3		—		13		16		3		4
Special situations	—		—		2		2		1		1
Private equity	—		—		15		15		3		3
Private credit	—		—		1		1		1		—
Infrastructure	—		—		—		—		1		—
Total	$	38	$	349	$	31	$	418	100	%	100	%

Georgia Power
Assets:
Equity:									59	%	59	%
Domestic equity	$	52	$	7	$	—	$	59
International equity	16		41		—		57
Fixed income:									35		33
U.S. Treasury, government, and agency bonds	—		14		—		14

Corporate bonds	—		14		—		14
Pooled funds	—		48		—		48
Cash equivalents and other	10		—		—		10
Trust-owned life insurance	—		184		—		184
Real estate investments	4		—		13		17		3		4
Special situations	—		—		2		2		1		1
Private equity	—		—		15		15		2		3

Total	$	82	$	308	$	30	$	420	100	%	100	%


	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Net Asset Value as a Practical Expedient				Target Allocation		Actual Allocation
At December 31, 2024:	(Level 1)		(Level 2)		(NAV)		Total		Target Allocation		Actual Allocation
	(in millions)
Mississippi Power
Assets:
Equity:									34	%	32	%
Domestic equity	$	3	$	1	$	—	$	4
International equity	3		1		—		4
Fixed income:									43		44
U.S. Treasury, government, and agency bonds	—		7		—		7

Corporate bonds	—		2		—		2
Pooled funds	—		1		—		1
Cash equivalents and other	1		—		—		1
Real estate investments	—		—		2		2		10		11
Special situations	—		—		—		—		2		2
Private equity	—		—		2		2		7		10
Private credit	—		—		—		—		3		1
Infrastructure	—		—		—		—		1		—
Total	$	7	$	12	$	4	$	23	100	%	100	%

Southern Company Gas
Assets:
Equity:									72	%	73	%
Domestic equity	$	1	$	76	$	—	$	77
International equity	1		23		—		24
Fixed income:									26		25
U.S. Treasury, government, and agency bonds	—		1		—		1

Corporate bonds	—		1		—		1
Pooled funds	—		32		—		32
Cash equivalents and other	1		—		—		1

Real estate investments	—		—		1		1		1		1

Private equity	—		—		1		1		1		1
Total	$	3	$	133	$	2	$	138	100	%	100	%

Total matching contributions

Total matching contributions made to the plans for 2025, 2024, and 2023 were as follows:


	Southern Company		Alabama Power		Georgia Power		Mississippi Power		Southern Power		Southern Company Gas
	(in millions)
2025	$	148	$	30	$	36	$	5	$	3	$	21
2024	137		29		31		5		3		20
2023	131		28		31		5		3		18