Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 116

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 116
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 million for the three months ended March 31, 2025 as compared to the corresponding period in 2024 primarily due to decreased retail fuel cost recovery at the traditional electric operating companies and storm restoration costs at Georgia Power, partially offset by the timing of natural gas purchases at the natural gas distribution utilities. See Note 2 to the financial statements under "Georgia Power – Storm Damage Recovery" in Item 8 of the Form 10-K for additional information relating to storm restoration costs.

115

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

The net cash used for investing activities for the three months ended March 31, 2025 was primarily related to the Subsidiary Registrants' construction programs.

The net cash provided from financing activities for the three months ended March 31, 2025 was primarily related to issuances of long-term debt, partially offset by a reduction in commercial paper borrowings and common stock dividend payments.

Alabama Power

Net cash provided from operating activities decreased $21 million for the three months ended March 31, 2025 as compared to the corresponding period in 2024 primarily due to customer refunds associated with the nuclear fuel disposal cost award and decrease in fuel cost recovery, partially offset by the timing of vendor payments. See Note 3 to the financial statements under "Nuclear Fuel Disposal Cost" in Item 8 of the Form 10-K for additional information.

The net cash used for investing activities for the three months ended March 31, 2025 was primarily related to gross property additions.

The net cash provided from financing activities for the three months ended March 31, 2025 was primarily related to capital contributions from Southern Company and issuances of senior notes, partially offset by common stock dividend payments.

Georgia Power

Net cash provided from operating activities decreased $188 million for the three months ended March 31, 2025 as compared to the corresponding period in 2024 primarily due to the timing of vendor payments, storm restoration costs, and decreased fuel cost recovery. See Note 2 to the financial statements under "Georgia Power – Storm Damage Recovery" in Item 8 of the Form 10-K for additional information relating to storm restoration costs.

The net cash used for investing activities for the three months ended March 31, 2025 was primarily related to gross property additions.

The net cash provided from financing activities for the three months ended March