Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 372

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 372
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 vary depending on fuel prices, the market prices of wholesale energy compared to the cost of Georgia Power's and 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. Increases and decreases in energy revenues that are driven by fuel prices are accompanied by an increase or decrease in fuel costs and do not have a significant impact on net income. Short-term opportunity sales are made at market-based rates that generally provide a margin above Georgia Power's variable cost of energy.

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.

Other Revenues

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$2310.7$10225.4

In the second quarter 2025, other revenues were $238 million compared to $215 million for the corresponding period in 2024. The increase was primarily due to increases of $15 million in unregulated sales primarily associated with power delivery construction and maintenance projects and $5 million in outdoor lighting sales.

For year-to-date 2025, other revenues were $503 million compared to $401 million for the corresponding period in 2024. The increase was primarily due to increases of $77 million in unregulated sales primarily associated with power delivery construction and maintenance, energy conservation, and renewables projects, $14 million in regulated sales associated with power delivery construction and maintenance projects, and $9 million in outdoor lighting sales.

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

Fuel and Purchased Power Expenses

Second Quarter 2025 vs.Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Fuel$35 7.9 %$170 20.5 %Purchased power – non-affiliates29 19.2 49