Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 196

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 196
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 three months ended March 31, 2025 and 2024.For the three months ended March 31, 2025, depreciation and amortization 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.

Southern Company GasSouthern Company Gas manages its business through three reportable segments – gas distribution operations, gas pipeline investments, and gas marketing services. The non-reportable segments are combined and presented as all other.The gas distribution operations segment is the largest component of Southern Company Gas' business and includes natural gas local distribution utilities that construct, manage, and maintain intrastate natural gas pipelines and gas distribution facilities in four states.The gas pipeline investments segment consists of joint ventures in natural gas pipeline investments including a 50% interest in SNG and a 50% joint ownership interest in the Dalton Pipeline. These natural gas pipelines enable the provision of diverse sources of natural gas supplies to the customers of Southern Company Gas. See Note 7 to the financial statements under "Southern Company Gas" in Item 8 of the Form 10-K for additional information.The gas marketing services segment provides natural gas marketing to end-use customers primarily in Georgia and Illinois through SouthStar.The "All Other" column includes segments and subsidiaries that fall below the quantitative threshold for separate disclosure, including storage and fuels operations.Southern Company Gas' CODM utilizes segment expense information in the form of variances to budget to assess performance; therefore, Southern Company Gas has no reportable significant segment expenses.

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

Financial data for business segments for the three months ended March 31, 2025 and 2024 was as follows:Gas Distribution OperationsGasPipeline InvestmentsGas Marketing ServicesTotal Reportable SegmentsAll OtherEliminationsConsolidated(in millions)Three Months Ended March 31, 2025Operating revenues$1,570 $8 $261 $1,839 $4 $(4)$1,839 Other segment items(*)905 1 166 1,072 1 (4)1,069 Depreciation and amortization164 1