Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 31

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 31
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 investment at March 31, 2025(b)(10,676)Remaining estimate to complete$56 (a)Includes approximately $1.2 billion of costs that are not shared with the other Vogtle Owners. Excludes financing costs capitalized through AFUDC of approximately $440 million accrued through Unit 4's in-service date.(b)Net of $1.7 billion received from Toshiba under the Guarantee Settlement Agreement and approximately $188 million in related customer refunds.Other ConstructionAt March 31, 2025, Georgia Power had recorded approximately $963 million of combined capital costs, excluding AFUDC, for the projects reflected in the table below. The total certified amounts related to these projects are approximately $2.8 billion, excluding AFUDC. The ultimate outcome of these matters cannot be determined at this time.ProjectResourceApproximate Nameplate Capacity(MW)Projected CODRegulatory ApprovalProjects Under Construction at March 31, 2025McGrau FordBattery energy storage265Fourth quarter 20262022 IRPPlant Yates Units 8 through 10Combustion turbine1,326Fourth quarter 2026 through third quarter 20272023 IRP UpdateVarious facilitiesBattery energy storage500Second quarter 2026 through fourth quarter 20262023 IRP Update

Mississippi PowerPerformance Evaluation PlanOn March 17, 2025, Mississippi Power submitted its annual retail PEP filing for 2025 to the Mississippi PSC, which requested a 4.0%, or $41 million, annual increase in revenues, primarily due to increases in investment and depreciation. In accordance with the PEP rate schedule, an increase of 2.0% of total retail revenues, or approximately $22 million, became effective with the first billing cycle of April 2025, subject to refund. The related proceedings are projected to conclude in summer 2025. The ultimate outcome of this matter cannot be determined at this time.Environmental Compliance Overview PlanOn April 1, 2025, the Mississippi PSC approved Mississippi Power's annual ECO Plan filing for 2025, resulting in a $6 million annual increase in revenues effective with the first billing cycle of May 2025.

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

System Restoration RiderOn March 3, 2025, Mississippi Power submitted its annual SRR filing for 2025