Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 87

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 87
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 and 2 to Mississippi Power. On July 30, 2025, Mississippi Power completed the acquisition of FP&L's 50% interest in Plant Daniel Units 1 and 2 and, as part of the acquisition, received approximately $36 million from FP&L. See Note 2 to the financial statements under "Mississippi Power – Plant Daniel" in Item 8 of the Form 10-K for additional information.

Southern PowerConstruction ProjectsDuring the six months ended June 30, 2025, Southern Power continued construction of the three phases of the 512-MW Millers Branch solar facility. At June 30, 2025, the total cost of construction incurred for the Millers Branch project was $537 million, which is primarily included in CWIP. The ultimate outcome of these matters cannot be determined at this time.Project FacilityResourceApproximate Nameplate Capacity(MW)LocationProjected CODPPA Contract PeriodProjects Under Construction at June 30, 2025Millers BranchPhase ISolar200Haskell County, TXFourth quarter 202520 yearsPhase IISolar180Haskell County, TXSecond quarter 202615 yearsPhase IIISolar132Haskell County, TXFourth quarter 202615 yearsWind Repowering ProjectsDuring the six months ended June 30, 2025, Southern Power continued the development project to repower the Kay Wind facility. In addition, Southern Power committed to development projects to repower the Grant Plains, Grant Wind, and Wake Wind facilities. At June 30, 2025, the total cost of construction incurred related to the projects was 

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

$89 million and is included in CWIP. The repowered output of the facilities is contracted under new and amended PPAs. The ultimate outcome of these matters cannot be determined at this time.Project FacilityResourceApproximate Nameplate Capacity(MW)LocationProjected CODProjects Under Construction at June 30, 2025Kay Wind(*)Wind200Kay County, OKThird quarter 2026Grant PlainsWind147Grant County, OKFourth quarter 2026Grant WindWind152Grant County, OKFourth quarter 2026Wake WindWind257Crosby & Floyd Counties, TXSecond quarter 2027(*)The facility has a total capacity of 299 MWs, of which 200 MWs is projected to be repowered and