Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 370

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 370
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 largely offset by higher non-fuel operations and maintenance expenses, depreciation and amortization, and income taxes.

Retail Revenues

In the second quarter 2025, retail revenues were $2.8 billion compared to $2.6 billion for the corresponding period in 2024. For year-to-date 2025, retail revenues were $5.4 billion compared to $4.8 billion for the corresponding period in 2024. Details of the changes in retail revenues were as follows:

Second Quarter 2025 vs.Second Quarter 2024Year-to-Date 2025 vs.Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Rates and pricing$123 4.7 %$390 8.2 %Sales growth65 2.5 64 1.4 Weather(57)(2.2)10 0.2 Fuel cost recovery37 1.4 179 3.8 Retail revenues$168 6.4 %$643 13.6 %

Changes in rates and pricing resulted in an increase in revenues in the second quarter and year-to-date 2025 when compared to the corresponding periods in 2024 primarily due to the inclusion of Plant Vogtle Unit 4 in retail rates net of elimination of the NCCR tariff, base tariff increases and increased ECCR tariff revenues in accordance with the 2022 ARP, and higher contributions from commercial and industrial customers with variable demand-driven pricing. See Note 2 to the financial statements under "Georgia Power" in Item 8 of the Form 10-K for additional information.

Changes in sales resulted in an increase in revenues in the second quarter and year-to-date 2025 when compared to the corresponding periods in 2024. Weather-adjusted residential KWH sales increased 2.1% in the second quarter 2025 primarily due to customer growth and increased customer usage. Weather-adjusted residential KWH sales increased 0.4% for year-to-date 2025 primarily due to customer growth, partially offset by decreased customer usage. Weather-adjusted commercial KWH sales increased 4.4% and 2.9% in the second quarter and year-to-date 2025, respectively, primarily due to increased customer usage, primarily driven by data centers. Weather-adjusted industrial KWH sales increased 3.5% in the second quarter 2025 primarily due to increases in the transportation and paper sectors,