Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 382

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 382
---
.572.68Average cost of purchased power (in cents per net KWH)3.884.894.484.36

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)$(1)(1.2)$(5)(2.9)

In the second quarter 2025, other operations and maintenance expenses were $82 million compared to $83 million for the corresponding period in 2024. For year-to-date 2025, other operations and maintenance expenses were $166 million compared to $171 million for the corresponding period in 2024. The second quarter and year-to-date 2025 included $10.9 million of reliability-related expenses that were offset by utilization of the reliability reserve. See Note (B) to the Condensed Financial Statements "Mississippi Power – Reliability Reserve Accounting Order" for additional information.

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)$510.6$1212.9

In the second quarter 2025, depreciation and amortization was $52 million compared to $47 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $105 million compared to $93 million for the corresponding period in 2024. The increases were primarily due to an increase in depreciation rates and additional plant in service. See Note (A) to the Condensed Financial Statements under "Depreciation and Amortization" herein for additional information.

117

    Table of Contents                                Index to Financial StatementsMANAGEMENT'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)$412.5$69.5

In the second quarter 2025, taxes other than income taxes were $36 million compared to $32 million