Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 132

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 132
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 revenues were $271 million compared to $209 million for the corresponding period in 2024. The increase was primarily due to increases of $29 million in solar application fees, $24 million in realized gains associated with price stability products for retail customers on variable demand-driven pricing tariffs, $12 million in unregulated sales primarily associated with power delivery construction and maintenance projects, and $6 million in outdoor lighting sales, partially offset by a decrease of $11 million in pole attachment revenues.

For year-to-date 2025, other revenues were $774 million compared to $610 million for the corresponding period in 2024. The increase was primarily due to increases of $88 million in unregulated sales primarily associated with power delivery construction and maintenance, resiliency, and renewables projects, $30 million in solar application fees, $16 million in realized gains associated with price stability products for retail customers on variable demand-driven pricing tariffs, $15 million in outdoor lighting sales, $13 million in regulated sales associated with power delivery construction and maintenance projects, and $9 million in open access transmission tariff sales, partially offset by a decrease of $11 million in pole attachment revenues.

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    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

Fuel and Purchased Power Expenses

Third Quarter 2025 vs.Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Fuel$116 25.7 %$286 22.3 %Purchased power – non-affiliates2 1.1 50 10.7 Purchased power – affiliates(2)(1.0)97 17.1 Total fuel and purchased power expenses$116 $433 

In the third quarter 2025, total fuel and purchased power expenses were $945 million compared to $829 million for the corresponding period in 2024. The increase was due to a $47 million increase related to the volume of KWHs generated and purchased, a net increase of $9 million related to the average cost of fuel and purchased power, and an increase of $60 million related to credits recorded in the third quarter 2024 resulting from litigation related to nuclear fuel disposal costs.

For year-to-date 2025, total fuel and purchased power expenses were