DOE approves $26.54 billion loan package for Southern Company subsidiaries Georgia Power and Alabama Power

Reuters02-25 22:27

DOE approves $26.54 billion loan package for Southern Company subsidiaries Georgia Power and Alabama Power

Southern Company said its subsidiaries Georgia Power and Alabama Power received a loan package of up to $26.54 billion from the U.S. Department of Energy’s Office of Energy Dominance Financing to support grid reliability and energy infrastructure projects across its service territory. The company said the loans are expected to deliver an estimated $7 billion in customer savings over an approximately 30-year term, with draws subject to conditions and available through Sept. 15, 2033.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern Company published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602250926PR_NEWS_USPR_____CL95587) on February 25, 2026, and is solely responsible for the information contained therein.

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