Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 191

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 191
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 STATEMENTS (Continued)(UNAUDITED)

(K) ACQUISITIONS AND DISPOSITIONS

See Note 15 to the financial statements in Item 8 of the Form 10-K for additional information.

Mississippi PowerOn April 21, 2025, the Florida PSC preliminarily approved Mississippi Power's acquisition of FP&L's 50% ownership interest in Plant Daniel Units 1 and 2. Interested parties may file an objection or protest by May 12, 2025. The ultimate outcome of this matter cannot be determined at this time. See Note (B) under "Mississippi Power – Plant Daniel" for additional information.

Southern PowerConstruction ProjectsDuring the three months ended March 31, 2025, Southern Power continued construction of the 200-MW first phase, the 180-MW second phase, and the 132-MW third phase of the Millers Branch solar facility. At March 31, 2025, the total cost of construction incurred for the Millers Branch project was $419 million, which is primarily included in CWIP. The ultimate outcome of these matters cannot be determined at this time.Project FacilityResourceApproximate Nameplate Capacity(MW)LocationProjected CODPPA Contract PeriodProjects Under Construction at March 31, 2025Millers BranchPhase ISolar200Haskell County, TXFourth quarter 202520 yearsPhase IISolar180Haskell County, TXSecond quarter 202615 yearsPhase IIISolar132Haskell County, TXFourth quarter 202615 yearsWind Repowering ProjectsDuring the three months ended March 31, 2025, Southern Power continued the development project to repower 200 MWs of the 299-MW Kay Wind facility located in Kay County, Oklahoma. The output of the project is contracted under an amended 20-year PPA with commercial operation projected to occur in the third quarter 2026. At March 31, 2025, the total cost of construction incurred related to the project was $37 million and is included in CWIP. The ultimate outcome of this matter cannot be determined at this time.

(L) SEGMENT AND RELATED INFORMATION

See Note 16 to the financial statements in Item 8 of the Form 10-K for additional information.

Southern CompanyThe primary businesses of the Southern Company system are electricity sales by the traditional electric operating companies and Southern Power and the distribution of natural gas by Southern Company Gas. The traditional electric operating companies are vertically integrated utilities providing electric service in three Southeast