
DOE’s Record-Breaking $26.5B Loan Aims to Cut Power Bills for GA and AL
The Energy Department closed a historic $26.5 billion loan package to fund Southern Company subsidiaries, delivering over $7 billion in electricity cost savings to millions of customers in Georgia and Alabama. The program will support about 16 GW of firm power, including new gas generation, nuclear uprates, hydropower modernization, battery storage, and transmission upgrades, while lowering the utility’s interest expenses by over $300 million per year and boosting jobs and grid reliability.











