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Energy Department doles out its largest-ever loan: $26.5B for power in Georgia, Alabama
The loan supports 16–17 gigawatts of new and upgraded power including nuclear and gas, expected to save over $7 billion for customers of Southern Company's Georgia and Alabama utilities.
- On Feb. 25, 2026, the U.S. Department of Energy closed a $26.5 billion loan to support Georgia Power and Alabama Power, marking the largest loan in DOE history.
- DOE officials said the loan was intended to lower energy costs, increase grid reliability, and support grid infrastructure, natural gas, and new nuclear technology under the administration's energy dominance and affordability agenda.
- Project specifics include over 16 gigawatts of firm power, 5 GW of new gas generation, 6.3 GW of nuclear upgrades, over 1,300 miles of transmission, and 1.3 GW new turbines at Yates Power Plant.
- Millions of customers in Georgia and Alabama stand to gain more than $7 billion in estimated customer savings and over $300 million in annual interest expense reduction across roughly 4.3 million customers.
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45 Articles
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