The funds will support more than 16 gigawatts of generation and grid upgrades.Energy Secretary Chris Wright in the Oval Office of the White House. Anna Moneymaker/Getty Images2/25/2026|Updated: 2/25/2026The Department of Energy said on Feb. 25 it had closed a record $26.5 billion loan package to support power generation and grid projects in Georgia and Alabama, in what officials described as the largest loan in the department’s history.The financing is expected to deliver more than $7 billion in electricity cost savings to millions of customers served by subsidiaries of Southern Company, according to a statement from the department.
-5.3
C
Ottawa
Wednesday, February 25, 2026
The Alliance Press is the world leader in online chained news and information and seeks to inform, engage and empower the world. We expose the information that wasn't known before or current events broadcast over the radio, television, online or in print media. Our content is now available through your mobile phone. No matter where your on-the-go lifestyle takes you, TAP brings the news directly to you.
More from CN
Contact
© The Alliance Media Group design by CODEUS