POWER Magazine•5 months ago
Southern Co. Lands Largest Loan in DOE History—$26.5B for Gas, Nuclear, and Grid Projects
- •Southern Co. subsidiaries (Georgia Power, Alabama Power) secured a record $26.54 billion DOE loan, the largest in agency history, to finance over 16 GW of firm generation (gas, nuclear) and more than 1,300 miles of transmission infrastructure across the Southeast.
- •This unprecedented federal financing signals strong government support for large-scale, firm generation and grid modernization, potentially setting a precedent for future infrastructure projects and influencing investment priorities.
- •For large power consumers, this investment promises enhanced grid reliability, long-term supply security, and potentially stable or lower power prices due to increased firm capacity and improved transmission.
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