Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 152

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 152
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.4$525.9

In the third quarter 2025, other operations and maintenance expenses were $314 million compared to $295 million for the corresponding period in 2024. The increase was primarily due to increases of $11 million in employee compensation and benefit expenses, $6 million in expenses passed through to customers primarily related to bad debt and energy efficiency programs at gas distribution operations, and $5 million in legal expenses, partially offset by a decrease of $8 million related to certain deferred expenses.

For year-to-date 2025, other operations and maintenance expenses were $929 million compared to $877 million for the corresponding period in 2024. The increase was primarily due to increases of $35 million in expenses passed through to customers primarily related to bad debt and energy efficiency programs at gas distribution operations and $34 million in employee compensation and benefit expenses, partially offset by a decrease of $20 million related to certain deferred expenses.

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)$148.6$428.8

In the third quarter 2025, depreciation and amortization was $176 million compared to $162 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $517 million compared to $475 million for the corresponding period in 2024. The increases were primarily due to additional plant in service related to continued investments at the natural gas distribution utilities.

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

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)$49.1$2010.8

For year-to-date 2025, taxes other than income taxes were $206 million compared to $186 million for the corresponding period in 2024. The increase was primarily due to an increase of $14 million in revenue taxes as a result of higher natural gas revenues at Nicor Gas. Revenue taxes imposed on Nicor Gas are recoverable from its