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News in English (USA) / 25.02.2026 / 23:00

Historic $26.5 Billion Loan Announced for Energy Expansion in Georgia and Alabama

The U.S. Department of Energy has announced a groundbreaking loan package totaling $26.5 billion, marking the largest energy loan in history. This substantial financing is aimed at improving electrical grid reliability and expanding utility infrastructure in Georgia and Alabama. This significant investment is expected to lead to over $7 billion in electricity cost savings for millions of customers. Southern Company and its subsidiaries have been awarded these funds to support new gas projects and necessary upgrades to the existing grid. This federal initiative reflects a strong commitment to enhancing energy efficiency and reliability across the region.
Department of Energy (.gov), Yahoo Finance, The Hill, Bloomberg.com, News4JAX, AL.com, Reuters, the-independent.com, Utility Dive, marketscreener.com