Southern Company (SO) receives USD 26.5bln DoE loan guarantees to increase grid reliability
Newsquawk Staff ·
- Over about a 30-year term of loans, customers across Georgia and Alabama are expected to recognise estimated savings of USD 7bln.
What it means
Southern Company's receipt of USD 26.5 billion in Department of Energy loan guarantees to enhance grid reliability is a significant development for the company. It not only provides substantial financial backing but also indicates a strong commitment to infrastructural improvement, potentially boosting customer savings and reinforcing Southern's market position in the energy sector.
Sources
- Anthropic is set to pick JPMorgan (JPM) to lead IPO's US retail offer.
- OpenAI plans to buy Google's (GOOG) AI chips, according to The Information
- Apple (AAPL) is set to unveil 14‑inch and 16‑inch touch MacBooks on Wednesday and discussed charging USD 2,899 for the new 14-inch touch Mac, while touch-screen Macs will be its priciest laptops
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