Southern Company Plant in service, net of depreciation increased by 7.5% to $88.37B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 8.7%, from $81.31B to $88.37B. Over 2 years (FY 2020 to FY 2022), Plant in service, net of depreciation shows relatively stable performance with a 2.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Growth in this metric indicates ongoing investment in infrastructure, which typically supports future rate base expansion.
This is the net book value of the utility's infrastructure, including power plants, transmission lines, and distribution...
The primary asset metric for utilities; peers are compared based on the size and age of their rate base.
non_current_assets_plant_in_service_net_of_depreciation| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $79.54B | $80.44B | $81.51B | $81.61B | $82.22B | $81.31B | $82.23B | $88.37B |
| QoQ Change | — | +1.1% | +1.3% | +0.1% | +0.7% | -1.1% | +1.1% | +7.5% |
| YoY Change | — | — | — | — | +3.4% | +1.1% | +0.9% | +8.7% |