Latest Breaking News

BumRushDaShow

(168,002 posts) Wed Feb 25, 2026, 05:56 PM 7 hrs ago

Feds give record $27B in loans for utility expansion in Georgia and Alabama

Source: ABC News/AP

February 25, 2026, 4:39 PM

ATLANTA -- Federal energy officials on Wednesday announced a record $27 billion loan to electric utilities in Georgia and Alabama, saying the loan will save 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.”

Read more: https://abcnews.com/Business/wireStory/feds-give-record-27b-loans-utility-expansion-georgia-130504877

9 replies

= new reply since forum marked as read

Highlight:

Feds give record $27B in loans for utility expansion in Georgia and Alabama (Original Post) BumRushDaShow 7 hrs ago OP

Coal? hedda_foil 7 hrs ago #1

Surprised that Trump did not insist on coal. Norrrm 6 hrs ago #4

I see plenty of coal cars on nearby railways all the time. I'm not sure they could increase the amount. eppur_se_muova 23 sec ago #9

More Gov't-backed money for non-renewable energy sources -- we're almost literally burning money Tim S 6 hrs ago #2

And more government backed money for the tech bros and their Marie Marie 1 hr ago #7

Yep. Pass-through to the tech oligarchs. not fooled 1 hr ago #8

Can we hope that he falls and trips on Ice and ...... Bread and Circuses 6 hrs ago #3

But screw your health care/insurance relief n/t BaronChocula 5 hrs ago #5

States regulating power companies should create rules that these karynnj 1 hr ago #6

hedda_foil

(16,970 posts)

1. Coal?

Reply to BumRushDaShow (Original post)

Wed Feb 25, 2026, 06:00 PM

7 hrs ago

Norrrm

(4,619 posts)

4. Surprised that Trump did not insist on coal.

Reply to hedda_foil (Reply #1)

Wed Feb 25, 2026, 06:55 PM

6 hrs ago

eppur_se_muova

(41,541 posts)

9. I see plenty of coal cars on nearby railways all the time. I'm not sure they could increase the amount.

Reply to hedda_foil (Reply #1)

Thu Feb 26, 2026, 01:03 AM

23 sec ago

They'd probably need more railroads to do that.

Tim S

(133 posts)

2. More Gov't-backed money for non-renewable energy sources -- we're almost literally burning money

Reply to BumRushDaShow (Original post)

Wed Feb 25, 2026, 06:11 PM

6 hrs ago

Marie Marie

(11,140 posts)

7. And more government backed money for the tech bros and their

Reply to Tim S (Reply #2)

Wed Feb 25, 2026, 11:19 PM

1 hr ago

pie in the sky bullshit about AI. Heard a few predictions about these data centers and I am picturing many of these giant behemoths sitting empty in a few short years. They are bleeding money, heavily in debt and their investors are starting to notice and back away from funding. I guess we'll see.