Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 309

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 309
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 expense increased $9 million due to an increase associated with the average cost of purchased power.

For year-to-date 2025, total fuel and purchased power expenses increased $86 million, or 26.2%, compared to the corresponding period in 2024. Fuel expense increased $67 million due to a $37 million increase associated with the average cost of fuel and a $30 million increase related to the volume of KWHs generated. Purchased power expense increased $19 million primarily due to a $17 million increase associated with the average cost of purchased power.

Other Operations and Maintenance Expenses

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$1613.4$166.6

In the second quarter 2025, other operations and maintenance expenses were $135 million compared to $119 million for the corresponding period in 2024. For year-to-date 2025, other operations and maintenance expenses were $257 million compared to $241 million for the corresponding period in 2024. The increases were primarily due to increases in scheduled outage and generation maintenance expenses.

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)$5039.4$8434.3

In the second quarter 2025, depreciation and amortization was $177 million compared to $127 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $329 million compared to $245 million for the corresponding period in 2024. The increases for the second quarter and year-to-date 2025 were primarily due to accelerated depreciation of $42 million and $69 million, respectively, related to wind repowering projects. See Note (K) to the Condensed Financial Statements 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.

Income Taxes (Benefit)

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in