Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 413

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 413
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623.392.66Average cost of purchased power (in cents per net KWH)4.454.714.474.49

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)$44.4$——

For year-to-date 2025, other operations and maintenance expenses were flat compared to the corresponding period in 2024. Year-to-date 2025 included $10.9 million of reliability-related expenses that were offset by utilization of the reliability reserve. See Note (B) to the Condensed Financial Statements "Mississippi Power – Reliability Reserve Accounting Order" for additional information.

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)$510.4$1611.3

In the third quarter 2025, depreciation and amortization was $53 million compared to $48 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $157 million compared to $141 million for the corresponding period in 2024. The increases were primarily due to an increase in depreciation rates and additional plant in service. See Note (A) to the Condensed Financial Statements under "Depreciation and Amortization" herein for additional information.

Taxes Other Than 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)$412.1$1111.6

In the third quarter 2025, taxes other than income taxes were $37 million compared to $33 million for the corresponding period in 2024. For year-to-date 2025, taxes other than income taxes were $106 million compared to $95 million for the corresponding period in 2024. The increases were primarily due to increases in property taxes primarily resulting from an increase in the assessed value of property.

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