Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 286

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 286
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 sales increased 0.2% for year-to-date 2025 primarily due to customer growth. Weather-adjusted commercial KWH sales increased 2.0% in the second quarter 2025 primarily due to increased customer usage. Weather-adjusted commercial KWH sales increased 0.3% for year-to-date 2025 primarily due to customer growth. Industrial KWH sales increased 2.2% and 1.1% in the second quarter and year-to-date 2025, respectively, primarily due to increases in the primary metals sector.

Fuel and other cost recovery revenues increased in the second quarter and year-to-date 2025 when compared to the corresponding periods in 2024 primarily as a result of higher recoverable fuel costs.

Electric rates include provisions to recognize the recovery of fuel costs, purchased power costs, PPAs certificated by the Alabama PSC, and costs associated with the NDR. Under these provisions, fuel and other cost recovery revenues generally equal fuel and other cost recovery expenses and do not affect net income. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.

Wholesale Revenues – Non-Affiliates

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$1416.7$2011.8

In the second quarter 2025, wholesale revenues from sales to non-affiliates were $98 million compared to $84 million for the corresponding period in 2024. For year-to-date 2025, wholesale revenues from sales to non-affiliates were $189 million compared to $169 million for the corresponding period in 2024. The increases for the second quarter and year-to-date 2025 were primarily due to increases of 27.4% and 20.1%, respectively, in the price of energy due to an increase in natural gas prices.

Wholesale Revenues – Affiliates

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$933.3$3754.4

In the second quarter 2025, wholesale revenues from sales to affiliates were $36 million