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US Loans $26.5 Billion to Southern Co. for Power Projects

Ari Natter, Will Wade
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The U.S. government finalized a record $26.5 billion loan for Southern Company’s power projects in Georgia and Alabama on Wednesday, marking the Energy Department’s largest-ever financing deal. $22.4 billion will fund Georgia Power, while Alabama Power receives $4.1 billion, targeting lower consumer electricity costs and enhanced grid reliability amid surging demand. The loan addresses rising concerns over electricity affordability, fueled by energy-intensive data centers and growing power consumption across the Southeast. The Trump administration framed the deal as a strategic move to stabilize regional energy infrastructure while supporting economic growth tied to tech and industrial expansion. Critics may scrutinize the loan’s scale and long-term impact, but officials emphasize its role in preventing price spikes and ensuring grid resilience for future demand surges.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:The Trump administration on Wednesday closed a $26.5 billion loan package for Southern Company power projects in Georgia and Alabama amid rising concern about electricity price affordability and electricity-thirsty data centers.The Energy Department saidBloomberg Terminal the financing — $22.4 billion to Georgia Power and about $4.1 billion to Alabama Power — represents the largest largest loan in the agency’s history, and is aimed at directly lowering consumer electricity costs and increasing grid reliability.

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Source: Bloomberg

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