Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 110

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 110
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-K 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)$14111.9$28112.1

In the second quarter 2025, depreciation and amortization was $1.3 billion compared to $1.2 billion for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $2.6 billion compared to $2.3 billion for the corresponding period in 2024. The increases in the second quarter and year-to-date 2025 were primarily due to increases of $64 million and $141 million, respectively, associated with additional plant in service, $42 million and $69 million, respectively, in accelerated depreciation related to wind repowering projects at Southern Power, and $31 million and $62 million, respectively, in amortization of regulatory assets related to CCR AROs at Georgia Power as approved in the 2025 compliance filing under the terms of the 2022 ARP. See Note (K) to the Condensed Financial Statements under "Southern Power – Wind Repowering Projects" herein and Notes 2 and 15 to the financial statements under "Georgia Power" and "Southern Power – Development Projects," respectively, in Item 8 of the Form 10-K for additional information.

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)$194.9$688.7

In the second quarter 2025, taxes other than income taxes were $403 million compared to $384 million for the corresponding period in 2024. For year-to-date 2025, taxes other than income taxes were $848 million compared to $780 million for the corresponding period in 2024. The increases in the second quarter and year-to-date 2025 were primarily due to increases of $4 million and $22 million, respectively, in property taxes primarily resulting from an increase in the assessed value of property, $3 million and $14 million, respectively, in municipal franchise fees resulting from higher retail revenues at Georgia Power, $4 million and $14 million, respectively,