Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 320

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 320
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 in April 2024, $62 million in expenses associated with unregulated power delivery construction and maintenance, energy conservation, and renewables projects, $37 million in certain employee compensation and benefit expenses, and $34 million in certain technology infrastructure and application production costs.

See Note (B) to the Condensed Financial Statements under "Georgia Power – Nuclear Construction" herein and Note 2 to the financial statements under "Georgia Power" in Item 8 of the Form 10-K for additional information.

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

Depreciation and Amortization

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$6413.9$20715.5

In the third quarter 2025, depreciation and amortization was $526 million compared to $462 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $1.5 billion compared to $1.3 billion for the corresponding period in 2024. The increases for the third quarter and year-to-date 2025 were primarily due to increases of $35 million and $121 million, respectively, associated with additional plant in service and $31 million and $93 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

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(102)(57.6)$(71)(14.5)

In the third quarter 2025, taxes other than income taxes were $75 million compared to $177 million for the corresponding period in 2024. For year-to-date 2025, taxes other than income taxes were $417 million compared to $488 million for the corresponding period in 2024. The