Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 373

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 373
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 16.8 Purchased power – affiliates15 8.2 98 27.0 Total fuel and purchased power expenses$79 $317 

In the second quarter 2025, total fuel and purchased power expenses were $853 million compared to $774 million for the corresponding period in 2024. For year-to-date 2025, total fuel and purchased power expenses were $1.8 billion compared to $1.5 billion for the corresponding period in 2024. The increases for the second quarter and year-to-date 2025 were due to net increases of $69 million and $182 million, respectively, related to the volume of KWHs generated and purchased and increases of $10 million and $135 million, respectively, related to the average cost of fuel and purchased power.

Fuel and purchased power energy transactions do not have a significant impact on earnings since these fuel expenses are generally offset by fuel revenues through Georgia Power's fuel cost recovery mechanism. See Note 2 to the financial statements under "Georgia Power – Fuel Cost Recovery" in Item 8 of the Form 10-K for additional information.

Energy purchases from non-affiliates will vary depending on the market prices of wholesale energy as compared to the cost of the Southern Company system's generation, demand for energy within the Southern Company system's electric service territory, and the availability of the Southern Company system's generation.

Energy purchases from affiliates will vary depending on the demand and the availability and cost of generating resources at each company within the Southern Company system. These purchases are made in accordance with the IIC or other contractual agreements, all as approved by the FERC. See Note 2 to the financial statements under "Georgia Power – Integrated Resource Plans" in Item 8 of the Form 10-K for information regarding two new PPAs with Southern Power.

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

Details of Georgia 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)(a)16173132Total purchased power (in billions of KWHs)971814Sources of generation (percent) —Gas38413944Nuclear(a)37363734Coal21202119Hydro and other4333Cost of