Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 367

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 367
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SSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

Details of Alabama Power's generation and purchased power and the related costs were as follows:

Second Quarter 2025Second Quarter 2024Year-to-Date 2025Year-to-Date 2024Total generation (in billions of KWHs)14152930Total purchased power (in billions of KWHs)2243Sources of generation (percent) —Gas37373535Coal36373533Nuclear16212024Hydro115108Cost of fuel, generated (in cents per net KWH) —Gas3.132.623.352.78Coal3.103.093.273.17Nuclear0.780.720.730.71Average cost of fuel, generated (in cents per net KWH)2.692.382.732.39Average cost of purchased power (in cents per net KWH)(*)5.355.686.266.60

(*)Average cost of purchased power includes fuel, energy, and transmission purchased by Alabama Power for tolling agreements where power is generated by the provider.

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)$4310.0$9511.3

In the second quarter 2025, other operations and maintenance expenses were $472 million compared to $429 million for the corresponding period in 2024. The increase was primarily due to increases of $14 million in generation expenses primarily associated with planned and unplanned outages, $7 million associated with an additional NDR accrual, which is offset within other revenues, $4 million in vegetation management expenses, $4 million in certain employee compensation and benefit expenses, and $3 million in technology infrastructure and application production costs. See Note 3 to the financial statements under "Nuclear Fuel Disposal Costs" in Item 8 of the Form 10-K for additional information.

For year-to-date 2025, other operations and maintenance expenses were $935 million compared to $840 million for the corresponding period in 2024. The increase was primarily due to increases of $52 million in generation expenses primarily associated with planned outages, $12 million in certain employee compensation and benefit expenses, and $8 million in technology infrastructure and application production costs.

Depreciation