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DOE Issues Record $26.5 Billion Loan to Southern Company for Massive Grid Expansion
Key Takeaways
- DOE issued record $26.5 billion loan to Southern Company for grid expansion
- Funding covers 5 GW of new natural gas generation plus transmission and grid upgrades
- Agency projects over $7 billion in cost savings for Georgia and Alabama Power customers
- Data center demand from AI boom is driving unprecedented electricity load growth
- Deal signals federal willingness to finance gas infrastructure as a bridge technology
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DT Editorial Team··5 min read·via utilitydive.com