Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 332

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 332
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. Purchased power expense increased $12 million due to a $6 million increase associated with the average cost of purchased power and a $6 million increase related to the volume of KWHs purchased.

For year-to-date 2025, total fuel and purchased power expenses increased $100 million, or 19.5%, compared to the corresponding period in 2024. Fuel expense increased $69 million due to a $45 million increase associated with the average cost of fuel and a $24 million increase related to the volume of KWHs generated. Purchased power expense increased $31 million primarily due to a $24 million increase associated with the average cost of purchased power.

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

Other Operations and Maintenance Expenses

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$21.6$174.6

For year-to-date 2025, other operations and maintenance expenses were $384 million compared to $367 million for the corresponding period in 2024. The increase was primarily due to an increase in scheduled outage and generation maintenance expenses, partially offset by lower transmission costs.

Depreciation and Amortization

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$11485.7$19852.4

In the third quarter 2025, depreciation and amortization was $247 million compared to $133 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $576 million compared to $378 million for the corresponding period in 2024. The increases for the third quarter and year-to-date 2025 were primarily due to accelerated depreciation of $112 million and $181 million, respectively, related to wind repowering projects. See Note (K) to the Condensed Financial Statements under "Southern Power – Wind Repowering Projects" herein and Note 15 to the financial statements under "Southern Power – Development Projects" in Item 8 of the Form 10-K for additional information.