Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 70

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 70
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— $2 $5,015 $5,017 $144 $— $5,161 Total assets105,577 12,653 (1,025)117,205 26,177 143,382 2,371 (573)145,180 (a)Primarily consists of fuel, purchased power, cost of natural gas, cost of other sales, other operations and maintenance, taxes other than income taxes, AFUDC equity, non-service cost-related retirement benefits income, and net income (loss) attributable to noncontrolling interests.

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

(b)For Southern Power, includes pre-tax accelerated depreciation of $27 million ($20 million after tax) related to the repowering of the Kay Wind facility. See Note (K) under "Southern Power – Wind Repowering Projects" herein and Note 15 to the financial statements under "Southern Power – Development Projects" in Item 8 of the Form 10-K for additional information.(c)Attributable to Southern Company.

Traditional Electric Operating CompaniesEach of the traditional electric operating companies' single reportable business segment is the sale of electricity.Alabama Power and Georgia Power have identified utility operations and maintenance expenses as significant segment expenses provided to their CODMs. Utility operations and maintenance expenses is calculated as other operations and maintenance, as reflected on the statements of income, less expenses from unregulated products and services, losses (gains) on asset dispositions, impairment charges, and amortization of cloud software. Alabama Power's utility operations and maintenance expenses are disaggregated into expenses related to Rate RSE and Rate CNP Compliance, which are not applicable to Georgia Power. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.Financial data for Alabama Power's and Georgia Power's significant segment expenses and other segment information for the three months ended March 31, 2025 and 2024 was as follows:Three Months Ended March 31,20252024(in millions)Alabama PowerOperating revenues$2,012 $1,791 Utility operations and maintenanceRate RSE expenses365 325 Rate CNP Compliance expenses75 63 Total utility operations and maintenance440 388 Other segment items(*)608 514 Depreciation and amortization370