Southern Co. borrows billions for energy projects; advocates say ratepayers will ultimately pay

By: Alander Rocha

Outlets: Georgia Recorder

Published: February 26, 2026

Words: 397

Last Updated: 1 week, 6 days ago

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The U.S. Department of Energy has loaned Southern Company $26.5 billion to fund upgrades to its energy grid in Georgia and Alabama.

Energy Secretary Chris Wright said in a press release Wednesday that the loan to Southern Company, the parent company of Georgia Power and Alabama Power, is intended to lower consumer energy costs for residential customers as well as “reverse the energy subtraction agenda of past administrations and add more reliable power generation to …

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