Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 313

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 313
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change)$76.5$185.2

For year-to-date 2025, taxes other than income taxes were $365 million compared to $347 million for the corresponding period in 2024. The increase was primarily due to an increase in utility license taxes resulting from an increase in the tax base.

Allowance for Equity Funds Used During Construction

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$320.0$1435.0

For year-to-date 2025, allowance for equity funds used during construction was $54 million compared to $40 million for the corresponding period in 2024. The increase was primarily due to an increase in capital expenditures subject to AFUDC.

Other Income (Expense), Net

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$822.2$1210.3

For year-to-date 2025, other income (expense), net was $128 million compared to $116 million for the corresponding period in 2024. The increase was primarily due to the receipt of liquidated damages associated with the termination of two solar projects and an increase in interest income.

Income Taxes

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$4029.6$7924.5

In the third quarter 2025, income taxes were $175 million compared to $135 million for the corresponding period in 2024. For year-to-date 2025, income taxes were $401 million compared to $322 million for the corresponding period in 2024. The increases for the third quarter and year-to-date 2025 were primarily due to higher pre-tax earnings and decreases of $10 million and $29 million, respectively, in the flowback of certain excess deferred income taxes. See Note (G) to the Condensed Financial Statements herein for additional information.

Georgia Power

Net Income

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs.