Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 394

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 394
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 growth6 0.3 10 0.2 Weather(16)(0.8)(12)(0.2)Fuel and other cost recovery61 3.2 126 2.4 Retail revenues$142 7.5 %$370 7.2 %

Changes in rates and pricing resulted in increases in revenues in the third quarter and year-to-date 2025 when compared to the corresponding periods in 2024 primarily due to an increase in Rate RSE. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.

Changes in sales resulted in increases in revenues in the third quarter and year-to-date 2025 when compared to the corresponding periods in 2024. Weather-adjusted residential KWH sales increased 1.6% in the third quarter 2025 primarily due to customer growth and increased customer usage. Weather-adjusted residential KWH sales increased 0.7% for year-to-date 2025 primarily due to customer growth. Weather-adjusted commercial KWH sales increased 0.5% in the third quarter 2025 primarily due to customer growth and increased customer usage. Weather-adjusted commercial KWH sales increased 0.4% for year-to-date 2025 primarily due to customer growth. Industrial KWH 

109

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

sales increased 2.2% and 1.5% in the third quarter and year-to-date 2025, respectively, primarily due to increases in the primary metals sector.

Fuel and other cost recovery revenues increased in the third quarter and year-to-date 2025 when compared to the corresponding periods in 2024 primarily as a result of higher recoverable fuel costs.

Electric rates include provisions to recognize the recovery of fuel costs, purchased power costs, PPAs certificated by the Alabama PSC, and costs associated with the NDR. Under these provisions, fuel and other cost recovery revenues generally equal fuel and other cost recovery expenses and do not affect net income. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.

Wholesale Revenues – Non-Affiliates

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to