Business
Southern Company receives historic Department of Energy $26.5 billion loan guarantees to increase grid reliability
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.
About this update from Southern Company (the)
[{"type":"text","content":"Investments to create an estimated $7 billion in benefits for Southern Company customers, helping lower energy costs and strengthen the grid, while advancing the president's energy dominance and affordability agenda","length":219,"tagName":"p"},{"type":"text","content":"ATLANTA, Feb. 25, 2026 /PRNewswire/ -- 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.","length":508,"tagName":"p"},{"type":"image","alt":"Southern Company Chairman, President & CEO Chris Womack, Department of Energy Secretary Chris Wright","displaySize":"","headline":null,"caption":"Southern Company Chairman, President & CEO Chris Womack, Department of Energy Secretary Chris Wright","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":276,"url":"https://media.zenfs.com/en/prnewswire.com/f178804089cd58ce869ae05e6321eb13"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/w87XYTtUpNWu0zO6kXkpag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f178804089cd58ce869ae05e6321eb13","width":400,"height":276}},"href":"https://mma.prnewswire.com/media/2920246/Southern_Company_Chairman_President_CEO_Chris_Womack__Department_of_Energy_Secr.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Southern Company's vertically integrated, state regulated‑model provides an orderly and transparent framework for working with regulators to deploy essential energy infrastructure investments – like those supported by the EDF loans for the benefit of customers. Under these new EDF loans, Southern Company subsidiaries will be among the first to take advantage of the funding provided by President Trump's Energy Dominance Financing Program created by the Working Families Tax Cut and will finance a portfolio of projects across its Southeastern service territory.","length":572,"tagName":"p"},{"type":"text","content":""These investments will support the extraordinary...