FinancingClosedFebruary 25, 2026

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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