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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 powe

PoliticsBy Wire ServicesFebruary 25, 20261 min read

Last updated: April 4, 2026, 5:28 AM

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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…

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