Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 89

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 89
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 and cost of generating resources at each company within the Southern Company system. These purchases are made in accordance with the IIC or other contractual agreements, all as approved by the FERC. See Note 2 to the financial statements under "Georgia Power – Integrated Resource Plans" in Item 8 of the Form 10-K for information regarding two new PPAs with Southern Power.

Details of Georgia Power's generation and purchased power and the related costs were as follows:

First Quarter 2025First Quarter 2024Total generation (in billions of KWHs)(a)1515Total purchased power (in billions of KWHs)97Sources of generation (percent) —Gas4046Nuclear(a)3632Coal2118Hydro and other34Cost of fuel, generated (in cents per net KWH) —Gas4.093.15Nuclear(a)0.920.90Coal4.724.35Average cost of fuel, generated (in cents per net KWH)(a)3.062.62Average cost of purchased power (in cents per net KWH)(b)5.244.63

(a)Excludes KWHs generated from test period energy at Plant Vogtle Unit 4 prior to its in-service date. The related fuel costs were charged to CWIP in accordance with FERC guidance. See Note 2 to the financial statements under "Georgia Power – Nuclear Construction" in Item 8 of the Form 10-K for additional information on Plant Vogtle Units 3 and 4.

(b)Average cost of purchased power includes fuel purchased by Georgia Power for tolling agreements where power is generated by the provider.

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

Other Operations and Maintenance Expenses

First Quarter 2025 vs. First Quarter 2024(change in millions)(% change)$11923.1

In the first quarter 2025, other operations and maintenance expenses were $634 million compared to $515 million for the corresponding period in 2024. The increase was primarily due to increases of $48 million in expenses associated with unregulated power delivery construction and maintenance, energy conservation, and renewables projects, $28 million in generation expenses primarily due to non-outage maintenance expenses largely resulting from Plant Vogtle Unit 4 being placed in service in April 2024, $15 million in technology infrastructure and