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flag U.S. approves $26.5B loan for Georgia and Alabama power upgrades, boosting gas, nuclear, and grid infrastructure amid debate over cost and sustainability.

flag The United States. flag The Energy Department has approved a $26.5 billion loan to Georgia Power and Alabama Power, subsidiaries of Southern Company, to expand natural gas plants, upgrade transmission lines, and improve grid infrastructure in Georgia and Alabama. flag The federally subsidized financing, which is part of the Trump administration's Energy Dominance Financing program, aims to save customers over $7 billion while also improving reliability and supporting growing data center demand. flag The loans, which are subject to state regulatory approval, will fund nearly 17 gigawatts of new or upgraded generation, including nuclear and hydropower, as well as more than 2,000 miles of transmission. flag While officials emphasize long-term cost savings and job creation, critics question the investment's economic and environmental viability as renewable energy prices fall. flag The final impact is dependent on state public service commission approvals, which have granted temporary rate freezes despite rising electricity costs.

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