Southern Company Allowance for equity funds used during construction increased by 11.9% to $66.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 11.9%, from $59.00M to $66.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates higher levels of ongoing capital investment in utility infrastructure, while a decrease may signal project completions or reduced capital spending.
This represents the non-cash equity component of the allowance for funds used during construction, reflecting the cost o...
Common among regulated utilities with large capital expenditure programs; peers like Duke Energy or Southern Company report similar AFUDC figures.
is_nee_allowance_for_equity_funds_used_during_construction| Q2 '21 | Q3 '21 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|
| Value | $45.00M | $49.00M | $53.00M | $59.00M | $66.00M |
| QoQ Change | — | +8.9% | +8.2% | +11.3% | +11.9% |
| YoY Change | — | — | +17.8% | +20.4% | +11.9% |