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Southern Company's Georgia Power, Alabama Power Subsidiaries Receive $26.54B Loan From U.S. Department Of Energy's Office Of Energy Dominance Financing

Benzinga·02/25/2026 15:38:03
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Customers across Alabama and Georgia are set to benefit from a historic U.S. government investment into energy infrastructure and grid reliability. Southern Company's subsidiaries, Georgia Power and Alabama Power, have received a loan package of up to $26.54 billion from the Department of Energy's Office of Energy Dominance Financing (EDF). Over the approximately 30-year term of the loans, customers are expected to recognize estimated savings of $7 billion.