Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 111

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 111
---
 in revenue taxes resulting from higher natural gas revenues at Nicor Gas, and $4 million and $9 million, respectively, in utility license taxes resulting from an increase in the tax base at Alabama Power. 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 Unit 4.

Allowance for Equity Funds Used During Construction

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$2956.9$4440.4

In the second quarter 2025, allowance for equity funds used during construction was $80 million compared to $51 million for the corresponding period in 2024. For year-to-date 2025, allowance for equity funds used during construction was $153 million compared to $109 million for the corresponding period in 2024. The increases were primarily associated with increases in capital expenditures subject to AFUDC at Georgia Power and Alabama 

102

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

Power. Partially offsetting the year-to-date 2025 increase was the impact of Plant Vogtle Unit 4 being placed in service in April 2024 at Georgia Power. 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 Unit 4.

Earnings from Equity Method Investments

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(21)(67.7)$(34)(44.2)

In the second quarter 2025, earnings from equity method investments were $10 million compared to $31 million for the corresponding period in 2024. For year-to-date 2025, earnings from equity method investments were $43 million compared to $77 million for the corresponding period in 2024. The decreases in the second quarter and year-to-date 2025 were primarily due to decreases of $13 million and $21 million, respectively, at Southern Holdings