Southern Company Arm Gets $160M DOE Loan to Enhance Power Grid
Southern Company(SO) ZACKS·2024-10-23 11:45The Southern Company’s (SO) largest electric subsidiary, Georgia Power, has been awarded $160 million in funding by the Department of Energy (“DOE”) under the Grid Resilience and Innovation Partnerships (GRIP) Program. The funding under this program is intended to support grid resilience against extreme weather conditions, improve grid flexibility and ensure affordable and reliable electricity access across American communities.Transforming Georgia's Power GridWith federal funding, the utility aims to integ ...