Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 92

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 92
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 million ($84 million after tax) related to the sale of transmission line assets under the integrated transmission system agreement. See Note 2 to the financial statements under "Georgia Power" in Item 8 of the Form 10-K for additional information.

Traditional Electric Operating CompaniesEach of the traditional electric operating companies' single reportable business segment is the sale of electricity.Alabama Power and Georgia Power have identified utility operations and maintenance expenses as significant segment expenses provided to their CODMs. Utility operations and maintenance expenses is calculated as other operations and maintenance, as reflected on the statements of income, less expenses from unregulated products and 

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

services, losses (gains) on asset dispositions, impairment charges, amortization of cloud software, and, for Georgia Power, charges (credits) for estimated loss on Plant Vogtle Units 3 and 4. Alabama Power's utility operations and maintenance expenses are disaggregated into expenses related to Rate RSE and Rate CNP Compliance, which are not applicable to Georgia Power. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.Financial data for Alabama Power's and Georgia Power's significant segment expenses and other segment information for the three and six months ended June 30, 2025 and 2024 was as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Alabama PowerOperating revenues$1,968 $1,873 $3,980 $3,664 Utility operations and maintenanceRate RSE expenses374 339 739 664 Rate CNP Compliance expenses67 66 142 129 Total utility operations and maintenance441 405 881 793 Other segment items(a)544 519 1,152 1,033 Depreciation and amortization371 364 741 725 Interest expense116 114 225 224 Income taxes115 102 226 187 Segment net income$381 $369 $755 $702 Capital expenditures$599 $470 $1,159 $921 Georgia PowerOperating revenues$3,110 $2,875 $6,148 $5,273 Utility operations and maintenance568 499 1,104