16+ GW generation portfolio — gas, nuclear uprates, BESS, hydro, 1,300+ mi transmission
Largest loan in DOE history. 30-year term; $22.4B to Georgia Power, $4.1B to Alabama Power. Expected to save customers $7B over loan life and cut interest costs >$300M/yr.
$26.50B
Deal Value
16,000MW
Capacity
Other
Technology
GA, AL
Location
Deal Details
- Deal Type
- Project Financing
- Seller / Sponsor
- Southern Company (Georgia Power + Alabama Power)
- Buyer / Financier
- US Department of Energy
- Deal Value
- $26.5B
- Stage
- Mixed (Operating + Development)
- ISO/RTO
- SERC
- Source
- PR Newswire
Finance Counterparties
Lenders & Capital Providers
- Project Debt
- US Department of Energy
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