Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 388

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 388
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 Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

Cost of Other Sales

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(10)(6.0)$5812.5

In the third quarter 2025, cost of other sales was $156 million compared to $166 million for the corresponding period in 2024. The decrease was primarily due to a decrease of $23 million in expenses at PowerSecure primarily related to distributed infrastructure projects, partially offset by an increase of $15 million in expenses associated with unregulated power delivery construction and maintenance projects at Georgia Power.

For year-to-date 2025, cost of other sales was $522 million compared to $464 million for the corresponding period in 2024. The increase was primarily related to expenses associated with unregulated power delivery construction and maintenance projects at Georgia Power.

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)$(19)(1.1)$4269.4

In the third quarter 2025, other operations and maintenance expenses were $1.6 billion compared to $1.7 billion for the corresponding period in 2024. The decrease was primarily due to a $36 million impairment loss in 2024 associated with Alabama Power discontinuing the development of a multi-use commercial facility, a $33 million credit to income related to the estimated probable loss on Plant Vogtle Units 3 and 4 at Georgia Power, a $30 million decrease in reliability-related transmission, distribution, and generation expenses at Alabama Power, and a $17 million decrease in transmission and distribution expenses primarily due to billing adjustments with integrated transmission system owners at Georgia Power, partially offset by increases of $18 million in certain employee compensation and benefit expenses at the traditional electric operating companies, $17 million in certain technology infrastructure and application production costs, $14 million in expenses at PowerSecure primarily related to distributed infrastructure projects, $11 million in employee compensation and benefit expenses at Southern Company Gas, $11 million related to the injuries and damages reserves, and $10 million in generation expenses primarily due to non