US EditionEnergy Department doles out its largest-ever loan: $26.5B for power in Georgia, Alabama
The $26.5 billion DOE loan will fund over 16 GW of new and upgraded power generation and 1,300 miles of transmission, aiming to save customers $7 billion over 30 years.
- 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.
32 Articles
32 Articles
Feds announce $26.5 billion loan for electric power expansion in Alabama and Georgia
Federal energy officials on Wednesday announced a record $26.5 billion loan to electric utilities in Georgia and Alabama, saying the loan will save customers money as the companies undertake a huge expansion driven by demand from computer data centers.
Associated Press News
Feds announce $26.5 billion loan for electric power expansion in Georgia and Alabama
Federal energy officials say they will loan a record $26.5 billion federal loan to Georgia Power and Alabama Power to expand electricity supply. U.S.
Energy Department doles out its largest-ever loan: $26.5B for power in Georgia, Alabama
The Energy Department on Wednesday announced it would dole out its largest-ever loan, lending $26.5 billion for electric power in Georgia and Alabama. The loan, to subsidiaries of the utility Southern Company, would fund new gas power and improvements for existing nuclear power plants and water power, as well as battery storage system and power…
US Closes Record $26.5 Billion Loan to Back Southern Co. Grid Projects
The Energy Department stated on Feb. 25 that it had closed a record $26.5 billion loan package to support power generation and grid projects in Georgia and Alabama, in what officials described as the largest loan in the department’s history. The financing is expected to deliver more than $7 billion in electricity cost savings to millions of customers served by subsidiaries of Southern Co., according to a statement from the department. The loans …
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
