DOE gives $26.5 billion loan, largest ever, for energy projects in
The loan package will support two subsidiaries of electric utility Southern Company, and deliver over $7 billion in savings across Georgia and Alabama.
The loan package will support two subsidiaries of electric utility Southern Company, and deliver over $7 billion in savings across Georgia and Alabama.
Federal energy officials on Wednesday announced a record $26.5 billion loan to electric utilities in Georgia and Alabama, saying the loan will save customers mo
The U.S. Energy Department said on Wednesday it has offered a $26.54 billion loan to subsidiaries of Southern Co to increase power grid reliability, the largest ever such financing by its
Calling it the largest loan in the agency''s history, DOE said it aims to deliver over $7 billion in cost savings for Georgia Power and Alabama Power customers.
Federal energy officials say they will loan a record $27 billion federal loan to Georgia Power and Alabama Power to expand electricity supply.
Georgia Power is a subsidiary of Southern Company that serves more than 2.4 million customers in Georgia. It operates hydroelectric dams, fossil fueled plants, nuclear power plants and faces
Georgia regulators voted to deny scaling back Georgia Power''s expansion, despite warnings the plan could expose customers to long-term costs.
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