Energy

Southern Co. Lands Largest Loan in DOE History—$26.5B for Gas, Nuclear, and Grid Projects

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The Department of Energy (DOE) has closed a $26.54 billion loan package—the largest single loan commitment in the agency’s history—with Southern Co. subsidiaries Georgia Power and Alabama Power to finance more than 16 GW of “firm” generation and more than 1,300 miles of transmission infrastructure and grid enhancement across the Southeast. The transaction, announced Feb. […]

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Southern Company's large-load contract pipeline as of February 2026 suggests 26 fully executed agreements covering 10 GW of committed load—nearly all under construction—with 3 GW in final negotiations and 7 GW in late-stage discussions. Contracted customers include Google, Meta, Microsoft, and Compass Datacenters. Source: Southern Company Q4 2025 Earnings Presentation, Feb. 19, 2026.

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Categories: Energy