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

[BumRushDaShow]

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

[hedda_foil]

1. Coal?

[Norrrm]

4. Surprised that Trump did not insist on coal.

[eppur_se_muova]

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

They'd probably need more railroads to do that.

[Tim S]

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

[Marie Marie]

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

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.

[not fooled]

8. Yep. Pass-through to the tech oligarchs.

F-eloon and the rest of the psychopaths getting their money's worth from krasnov.

[eppur_se_muova]

10. Shopping malls of the future. Great for mall-walking some day. nt

[Bread and Circuses]

3. Can we hope that he falls and trips on Ice and ......

[BaronChocula]

5. But screw your health care/insurance relief n/t

[karynnj]

6. States regulating power companies should create rules that these

huge users of energy should pay higher rates to pay to fund the required new power plants.

[wolfie001]

11. More grifting and grafting from the fat orange imbecile's most corrupt administration in Earth's history

Title says it all.