By Timothy Gardner
WASHINGTON, Feb 25 (Reuters) – The U.S. Energy Department said on Wednesday it has offered a $26.54 billion loan to subsidiaries of Southern Co to increase power grid reliability, the largest ever such financing by its loan office.
The financing will save power customers in Georgia and Alabama more than $7 billion, the department said, as electricity bills rise on demand from the boom in AI data centers, cryptocurrencies, and electrification of transportation…