Southern Co. borrows billions for energy projects; advocates say ratepayers will ultimately pay • Georgia Recorder
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The loan to upgrade or add capacity to the grid comes after Georgia approved the utility’s request for nearly 10,000 megawatts of new energy capacity.

From the Georgia Recorder:

The U.S. Department of Energy has loaned Southern Company $26.5 billion to fund upgrades to its energy grid in Georgia and Alabama. Energy Secretary Chris Wright said in a press release Wednesday that the loan to Southern Company, the parent company of Georgia Power and Alabama Power, is intended to lower consumer energy costs for […]

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