Southern Company gets $26.5 billion loan package from DoE; shares dip

Southern

25/02/2026 15:08

** Shares of utility Southern Company SO.N down 1.4% to $94.44

** Co's subsidiaries Georgia Power and Alabama Power receive loan package of up to $26.54 billion from the Department of Energy's Office of Energy Dominance Financing

** Over the about 30-year term of the loans, customers expected to get about $7 billion in savings benefits, from lower energy costs and grid enhancements

** "These loans will help lower the cost of investments in our grid that will enhance reliability and resilience for the benefit of our customers," says CEO Chris Womack

** In 2025, SO was up ~6%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))