Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 375

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 375
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50 million in expenses associated with unregulated power delivery construction and maintenance, energy conservation, and renewables projects, and $23 million in certain technology infrastructure and application production costs, a $21 million credit related to the estimated loss on Plant Vogtle Units 3 and 4 recorded in the second quarter 2024, and increases of $21 million in certain employee compensation and benefit expenses and $20 million in transmission and distribution expenses primarily due to line maintenance costs.

See Note 2 to the financial statements under "Georgia Power" in Item 8 of the Form 10-K for additional information.

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    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

Depreciation and Amortization

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$6514.5$14316.4

In the second quarter 2025, depreciation and amortization was $512 million compared to $447 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $1.0 billion compared to $0.9 billion for the corresponding period in 2024. The increases for the second quarter and year-to-date 2025 were primarily due to increases of $37 million and $87 million, respectively, associated with additional plant in service and $31 million and $62 million, respectively, in amortization of regulatory assets related to CCR AROs as approved in the 2025 compliance filing under the terms of the 2022 ARP. See Note 2 to the financial statements under "Georgia Power – Rate Plans" in Item 8 of the Form 10-K for additional information.

Taxes Other Than Income Taxes

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$95.5$3110.0

In the second quarter 2025, taxes other than income taxes were $173 million compared to $164 million for the corresponding period in 2024. The increase was primarily due to increases of $4 million in property taxes primarily resulting from