Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 125

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 125
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 millions)(% change)(change in millions)(% change)$(4)(3.6)$299.0

For year-to-date 2025, other revenues were $353 million compared to $324 million for the corresponding period in 2024. The increase was primarily due to a $12 million increase in transmission revenue primarily associated with open access transmission tariff sales, an $11 million increase in regulated energy services revenues, $7 million 

110

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

related to undistributed customer bill credits associated with nuclear fuel disposal costs litigation, which was offset by an additional NDR accrual within other operations and maintenance expenses, and a $4 million increase in cogeneration revenues primarily related to higher fuel prices. These increases were partially offset by a $14 million decrease in pole attachment revenues. See Note 3 to the financial statements under "Nuclear Fuel Disposal Costs" in Item 8 of the Form 10-K for additional information.

Fuel and Purchased Power Expenses

Third Quarter 2025 vs.Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Fuel$32 8.3 %$89 8.5 %Purchased power – non-affiliates7 14.3 32 21.6 Purchased power – affiliates49 102.1 84 62.7 Total fuel and purchased power expenses$88 $205 

In the third quarter 2025, total fuel and purchased power expenses were $569 million compared to $481 million for the corresponding period in 2024. The increase was primarily due to a $51 million increase related to the average cost of fuel and purchased power and a $37 million net increase related to the volume of KWHs generated and purchased.

For year-to-date 2025, total fuel and purchased power expenses were $1.5 billion compared to $1.3 billion for the corresponding period in 2024. The increase was due to a $107 million increase related to the average cost of fuel and purchased power and a $98 million net increase related to the volume of KWHs generated and purchased.

Fuel and purchased power energy transactions do not have a