Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 71

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 71
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 for the applicable Registrants are provided herein.

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

Southern CompanySouthern Company's effective tax rate was 20.3% for the nine months ended September 30, 2025 compared to 19.0% for the corresponding period in 2024. The effective tax rate increase was primarily due to charges to a valuation allowance on certain state tax credit carryforwards at Georgia Power and the recognition of certain state tax positions from amended returns in the second quarter 2024 at Georgia Power, partially offset by a net increase in the flowback of excess deferred income taxes at the regulated utilities and an increase in the generation of advanced nuclear PTCs at Georgia Power.Alabama PowerAlabama Power's effective tax rate was 23.0% for the nine months ended September 30, 2025 compared to 21.2% for the corresponding period in 2024. The effective tax rate increase was primarily due to a decrease in the flowback of certain excess deferred income taxes.Georgia PowerGeorgia Power's effective tax rate was 20.0% for the nine months ended September 30, 2025 compared to 18.7% for the corresponding period in 2024. The effective tax rate increase was primarily due to charges to a valuation allowance on certain state tax credit carryforwards and the recognition of certain state tax positions from amended returns in the second quarter 2024, partially offset by increases in the flowback of excess state deferred income taxes and in the generation of advanced nuclear PTCs.Mississippi PowerMississippi Power's effective tax rate was 22.5% for the nine months ended September 30, 2025 compared to 20.0% for the corresponding period in 2024. The effective tax rate increase was primarily due to a decrease in the flowback of certain excess deferred income taxes.Southern PowerSouthern Power's effective tax rate was 6.0% for the nine months ended September 30, 2025 compared to 14.4% for the corresponding period in 2024. The effective tax rate decrease was primarily due to a change in pre-tax earnings attributable to Southern Power, including the impact of accelerated depreciation related to wind repowering projects and changes in tax rates resulting from tax legislation enacted by the State of Georgia in the second quarters of 2024 and 2025. See