Georgia Power, Alabama Power receive record federal energy loan [CBS News]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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investor.southerncompany.com/information-for-investors/overview/default.aspx
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Source: CBS News
customers money as the companies undertake a huge expansion driven by demand from computer data centers. A total of $22.4 billion will go to Georgia Power and $4.1 billion to Alabama Power. Both are subsidiaries of Atlanta-based Southern Company, one of the nation's largest utilities. The companies plan to use the cash to build new natural-gas fueled power plants, build new transmission lines and upgrade existing power plants. Energy Secretary Chris Wright said the loan will result in more than $7 billion in savings over decades from a lower, federally subsidized interest rate. "We're focused on driving down costs," Wright said. He added that the loan would help ensure Southern customers "have access to affordable, reliable and secure energy for decades to come." Wright and President Donald Trump have frequently made the case for their fossil fuel-friendly policies — including orders over the past nine months to keep some coal-fired plants open past planned retirement dates —
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News
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- Feds give record $27B in loans for utility expansion in Georgia and Alabama [Yahoo! Finance Canada]Yahoo! Finance Canada
- Southern Company Q4 Earnings Disappoint as Costs Increase [Yahoo! Finance]Yahoo! Finance
- US offers largest ever energy loan with $26.5 billion to Southern Co [Yahoo! Finance]Yahoo! Finance
SO
Earnings
- 2/19/26 - Miss
SO
Sec Filings
- 2/26/26 - Form 10-K
- 2/25/26 - Form 4
- 2/24/26 - Form 144
- SO's page on the SEC website