Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 374

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 374
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 fuel, generated (in cents per net KWH) —Gas3.392.853.753.00Nuclear(a)0.920.980.920.95Coal4.595.194.664.81Average cost of fuel, generated (in cents per net KWH)(a)2.682.632.872.63Average cost of purchased power (in cents per net KWH)(b)4.974.975.114.80

(a)Excludes KWHs generated from test period energy at Plant Vogtle Unit 4 prior to its in-service date. The related fuel costs were charged to CWIP in accordance with FERC guidance. See Note 2 to the financial statements under "Georgia Power – Nuclear Construction" in Item 8 of the Form 10-K for additional information on Plant Vogtle Units 3 and 4.

(b)Average cost of purchased power includes fuel purchased by Georgia 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)$20747.3$33034.6

In the second quarter 2025, other operations and maintenance expenses were $645 million compared to $438 million for the corresponding period in 2024. The increase was primarily due to a $114 million gain from the sale of integrated transmission system assets in the second quarter 2024, an increase of $24 million in generation expenses primarily due to planned outages, a $21 million credit related to the estimated loss on Plant Vogtle Units 3 and 4 recorded in the second quarter 2024, and increases of $19 million in certain technology infrastructure and application production costs, $11 million in transmission and distribution expenses primarily due to line maintenance costs, and $8 million in certain employee compensation and benefit expenses.

For year-to-date 2025, other operations and maintenance expenses were $1.3 billion compared to $1.0 billion for the corresponding period in 2024. The increase was primarily due to a $114 million gain from the sale of integrated transmission system assets in the second quarter 2024, increases of $56 million in generation expenses primarily due to non-outage maintenance expenses largely resulting from Plant Vogtle Unit 4 being placed in service in April 2024, $