Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 119

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 119
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AGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

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)$21.7$125.0

For year-to-date 2025, taxes other than income taxes were $250 million compared to $238 million for the corresponding period in 2024. The increase was primarily due to an increase in utility license taxes resulting from an increase in the tax base.

Allowance for Equity Funds Used During Construction

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$650.0$1038.5

In the second quarter 2025, allowance for equity funds used during construction was $18 million compared to $12 million for the corresponding period in 2024. For year-to-date 2025, allowance for equity funds used during construction was $36 million compared to $26 million for the corresponding period in 2024. The increases were primarily due to increases in capital expenditures subject to AFUDC.

Other Income (Expense), Net

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$1027.0$67.7

In the second quarter 2025, other income (expense), net was $47 million compared to $37 million for the corresponding period in 2024. The increase was primarily due to the receipt of liquidated damages associated with the termination of two solar projects.

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)$1312.7$3920.9

In the second quarter 2025, income taxes were $115 million compared to $102 million for the corresponding period in 2024. For year-to-date 2025, income taxes were $226