Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 126

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 126
---
                        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 an increase in the assessed value of property and $3 million in municipal franchise fees resulting from higher retail revenues.

For year-to-date 2025, taxes other than income taxes were $342 million compared to $311 million for the corresponding period in 2024. The increase was primarily due to an increase of $14 million in municipal franchise fees resulting from higher retail revenues, an increase of $10 million in property taxes primarily resulting from an increase in the assessed value of property, and a decrease of $6 million in property taxes capitalized primarily due to Plant Vogtle Unit 4 being placed in service in April 2024. See