Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 380

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 380
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 an increase or decrease in fuel costs and do not have a significant impact on net income. In addition, Mississippi Power provides service under long-term contracts with rural electric cooperative associations and municipalities located in southeastern Mississippi under cost-based electric tariffs which are subject to regulation by the FERC. Short-term opportunity energy sales are also included in sales for resale to non-affiliates. These opportunity sales are made at market-based rates that generally provide a margin above Mississippi Power's variable cost to produce the energy. See Note 2 to the financial statements under "Mississippi Power – Municipal and Rural Associations Tariff" in Item 8 of the Form 10-K for additional information.

Wholesale Revenues – Affiliates

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(3)(5.2)$2724.8

In the second quarter 2025, wholesale revenues from sales to affiliates were $55 million compared to $58 million for the corresponding period in 2024. The decrease was primarily due to a $12 million decrease related to the volume of KWH sales, partially offset by a $9 million increase related to the price of energy driven by natural gas prices.

For year-to-date 2025, wholesale revenues from sales to affiliates were $136 million compared to $109 million for the corresponding period in 2024. The increase was primarily due to an increase related to the price of energy driven by natural gas prices.

Wholesale revenues from sales to affiliated companies will vary depending on demand and the availability and cost of generating resources at each company. These affiliate sales are made in accordance with the IIC or other contractual agreements, as approved by the FERC. Energy revenues related to these transactions do not have a significant impact on earnings since this energy is generally sold at marginal cost.

Other Revenues

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(1)(10.0)$836.4

For year-to-date 2025, other revenues were $30 million compared to $22 million for the corresponding period in 2024. The increase was primarily due to customer charges related to contributions in aid of construction included in rates.