Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 312

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 312
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 due to a $36 million impairment loss in the third quarter 2024 associated with Alabama Power discontinuing the development of a multi-use commercial facility and a $30 million decrease in reliability-related transmission, distribution, and generation expenses.

For year-to-date 2025, other operations and maintenance expenses were $1.37 billion compared to $1.34 billion for the corresponding period in 2024. The increase was primarily due to increases of $47 million in generation expenses primarily associated with planned outages, $21 million in certain employee compensation and benefit expenses, $10 million in certain technology infrastructure and application production costs, $7 million associated with an additional NDR accrual, which is offset within other revenues, and $7 million in vegetation management expenses, partially offset by a $36 million impairment loss in the third quarter 2024 associated with Alabama Power discontinuing the development of a multi-use commercial facility and a $30 million decrease in reliability-related transmission, distribution, and generation expenses.

See Note (B) to the Condensed Financial Statements under "Alabama Power – Reliability Reserve Accounting Order" herein and Notes 1 and 3 to the financial statements under "Impairment of Long-Lived Assets" and "Nuclear Fuel Disposal Costs," respectively, in Item 8 of the Form 10-K for additional information.

Depreciation and Amortization

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$143.8$302.7

In the third quarter 2025, depreciation and amortization was $380 million compared to $366 million for the corresponding period in 2024. For year-to-date 2025, depreciation and amortization was $1.12 billion compared to 

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

$1.09 billion for the corresponding period in 2024. The increases were primarily due to additional plant in service related to transmission and distribution systems.

Taxes Other Than Income Taxes

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(%