Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 140

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 140
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 Power – Municipal and Rural Associations Tariff" in Item 8 of the Form 10-K for additional information.

120

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

Wholesale Revenues – Affiliates

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$3764.9$6438.6

In the third quarter 2025, wholesale revenues from sales to affiliates were $94 million compared to $57 million for the corresponding period in 2024. The increase was primarily due to increases of $24 million related to the volume of KWH sales and $12 million related to the price of energy driven by natural gas prices.

For year-to-date 2025, wholesale revenues from sales to affiliates were $230 million compared to $166 million for the corresponding period in 2024. The increase was primarily due to increases of $37 million related to the price of energy driven by natural gas prices and $25 million related to the volume of KWH sales.

Wholesale revenues from sales to affiliated companies will vary depending on demand and the availability and cost of generating resources at each company. These affiliate sales are made in accordance with the IIC or other contractual agreements, as approved by the FERC. Energy revenues related to these transactions do not have a significant impact on earnings since this energy is generally sold at marginal cost.

Other Revenues

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(1)(7.7)$823.5

For year-to-date 2025, other revenues were $42 million compared to $34 million for the corresponding period in 2024. The increase was primarily due to customer charges related to contributions in aid of construction included in rates.

Fuel and Purchased Power Expenses

Third Quarter 2025 vs.Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Fuel$44 35.