Southern Company grid reliability program — 16 GW firm power including 5 GW new gas, 6 GW nuclear uprates/renewals, hydropower, BESS, 1300+ miles transmission in Georgia and Alabama
Largest DOE loan in department history. Issued under Office of Energy Dominance Financing (One Big Beautiful Bill Act). Projects $7B savings for GA/AL customers over 30-year term; reduces Southern Company interest expense by $300M/year. Part of Southern Company $81B five-year capex plan (2026-2030).
$26.50B
Deal Value
16,000MW
Capacity
Diversified
Technology
GA, AL
Location
Deal Details
- Deal Type
- DOE Loan Guarantee
- Seller / Sponsor
- Georgia Power / Alabama Power (Southern Company subsidiaries)
- Buyer / Financier
- US Department of Energy — Office of Energy Dominance Financing
- Deal Value
- $26.5B
- Stage
- Development
- ISO/RTO
- SERC
Finance Counterparties
Lenders & Capital Providers
- loanGuarantor
- US Department of Energy
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