Southern Company Other Cost of Removal Obligations increased by 1.9% to $1.94B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 0.5%, from $1.95B to $1.94B. Over 2 years (FY 2020 to FY 2022), Other Cost of Removal Obligations shows a downward trend with a -7.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase reflects higher estimated future removal costs, which may be factored into future rate cases.
These are obligations to cover the costs of removing assets at the end of their useful life, distinct from standard asse...
Common in regulated utilities; peers will have similar obligations based on regulatory accounting practices.
other_other_cost_of_removal_obligations| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $2.19B | $2.16B | $2.10B | $2.03B | $1.99B | $1.95B | $1.90B | $1.94B |
| QoQ Change | — | -1.2% | -2.8% | -3.5% | -1.8% | -2.2% | -2.4% | +1.9% |
| YoY Change | — | — | — | — | -9.0% | -9.9% | -9.5% | -0.5% |