Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 323

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 323
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venues

In the third quarter 2025, retail revenues were $302 million compared to $276 million for the corresponding period in 2024. For year-to-date 2025, retail revenues were $824 million compared to $739 million for the corresponding period in 2024. Details of the changes in retail revenues were as follows:

Third Quarter 2025 vs.Third Quarter 2024Year-to-Date 2025 vs.Year-to-Date 2024 (change in millions)(% change)(change in millions)(% change)Rates and pricing$16 5.8 %$25 3.4 %Sales growth2 0.7 7 1.0 Weather(1)(0.4)1 0.1 Fuel and other cost recovery9 3.3 52 7.0 Retail revenues$26 9.4 %$85 11.5 %

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 new PEP rates that became effective for the first 

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

billing cycle of April 2025. See Note (B) to the Condensed Financial Statements "Mississippi Power – Performance Evaluation Plan" 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 5.5% and 2.1% in the third quarter and year-to-date 2025, respectively, primarily due to increased customer usage. Weather-adjusted commercial KWH sales decreased 1.2% and 0.6% in the third quarter and year-to-date 2025, respectively, primarily due to decreased customer usage. Industrial KWH sales decreased 2.5% in the third quarter 2025 primarily due to decreases in the chemicals, petroleum, and oil and gas extraction sectors. Industrial KWH sales increased 1.8% for year-to-date 2025 primarily due to increases in the petroleum and chemicals sectors.

Fuel and other cost recovery revenues increased in the third quarter and year-to-date 2025 when compared to the corresponding periods in