US offers largest ever energy loan with $26.5 billion to Southern Co [Yahoo! Finance Canada]
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: Yahoo! Finance Canada
Energy Department has offered a $26.54 billion loan to subsidiaries of Southern ?Co to increase grid reliability, the largest ever such ?financing by its loan office, the department said on Wednesday. The loans will ?save power customers in Georgia and Alabama more than $7 billion, the department said, without detailing how. Southern said last year it would freeze increases in power bills for several years. The ?two roughly 30-year loans ?to Georgia Power and Alabama Power will help build or upgrade more than 16 gigawatts ?of power to the electrical grid, including 5 GW of new natural gas generation. It will also help enlarge current nuclear plants, ?modernize ?hydropower plants, and develop battery ?energy storage systems and over ?1,300 miles (2,092 km) of transmission and grid enhancement projects, the department said. "These loans will not only lower energy costs but also create thousands of jobs and increase grid reliability for the people of Georgia and Alabama," U.S. En
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News
- DOE Closes Massive $26 Billion Loan For Southern Co. [zero hedge]zero hedge
- Georgia Power, Alabama Power receive record federal energy loan [CBS News]CBS 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
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