Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 309

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 309
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 2025, wholesale revenues from sales to non-affiliates were $137 million compared to $89 million for the corresponding period in 2024. For year-to-date 2025, wholesale revenues from sales to non-affiliates were $326 million compared to $259 million for the corresponding period in 2024. The increases for the third quarter and year-to-date 2025 were primarily due to increases of 36.3% and 8.8%, respectively, in the volume of KWH sales due to higher demand from power sales agreements and 12.0% and 15.6%, respectively, in the price of energy due to an increase in natural gas prices.

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)$(6)(17.6)$2928.2

In the third quarter 2025, wholesale revenues from sales to affiliates were $28 million compared to $34 million for the corresponding period in 2024. The decrease was primarily due to a 27.8% decrease in the volume of KWH sales as a result of the availability of other Southern Company system generation, partially offset by an increase of 12.2% in the price of energy due to an increase in natural gas prices.

For year-to-date 2025, wholesale revenues from sales to affiliates were $132 million compared to $103 million for the corresponding period in 2024. The increase was primarily due to an increase of 44.0% in the price of energy due to an increase in natural gas prices, partially offset by a 10.4% decrease in the volume of KWH sales as a result of the availability of other Southern Company system generation.

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, 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 and energy purchases are generally offset by energy revenues through Alabama Power's energy cost recovery clause.

Other Revenues

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in