Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 366

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 366
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 revenues primarily related to higher fuel prices. These increases were partially offset by a $10 million decrease in pole attachment rental revenues. See Note 3 to the financial statements under "Nuclear Fuel Disposal Costs" in Item 8 of the Form 10-K for additional information.

Fuel and Purchased Power Expenses

Second Quarter 2025 vs.Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Fuel$2 0.6 %$57 8.6 %Purchased power – non-affiliates7 14.9 25 25.3 Purchased power – affiliates23 52.3 34 39.1 Total fuel and purchased power expenses$32 $116 

In the second quarter 2025, total fuel and purchased power expenses were $458 million compared to $426 million for the corresponding period in 2024. The increase was primarily due to a $19 million net increase related to the average cost of fuel and purchased power and a $13 million net increase related to the volume of KWHs generated and purchased.

For year-to-date 2025, total fuel and purchased power expenses were $968 million compared to $852 million for the corresponding period in 2024. The increase was due to a $63 million net increase related to the volume of KWHs generated and purchased and a $53 million net increase related to the average cost of fuel and purchased power.

Fuel and purchased power energy transactions do not have a significant impact on earnings since energy expenses are generally offset by energy revenues through Alabama Power's energy cost recovery clause. See Note 2 to the financial statements under "Alabama Power – Rate ECR" in Item 8 of the Form 10-K for additional information.

Energy purchases from non-affiliates will vary depending on the market prices of wholesale energy as compared to the cost of the Southern Company system's generation, demand for energy within the Southern Company system's electric service territory, and the availability of the Southern Company system's generation.

Energy purchases from affiliates will vary depending on demand for energy and the availability and cost of generating resources at each company within the Southern Company system. These purchases are made in accordance with the IIC or other contractual agreements, as approved by the FERC.

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