secwatch.observer — SEC 8-K summary
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Issuer:     ALABAMA POWER CO (—)
CIK:        0000003153
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0000092122-26-000010
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alabama Power and Georgia Power enter $26.5B DOE-backed loan facilities for energy projects
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- Alabama Power facility up to ~$4.1B; Georgia Power facility up to ~$22.4B ($26.5B total).
- Georgia Power requested initial $1.0B advance, expected to close in March 2026.
- Interest rate: U.S. Treasury plus 0.375%; final maturity December 10, 2055.
- Issuance costs: Alabama ~$10M, Georgia ~$29M; proceeds fund eligible energy projects.
- Loans are senior unsecured obligations of each utility; DOE guarantees repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3153/000009212226000010/0000092122-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3153/000009212226000010/so-20260220.htm
  HTML page:      https://secwatch.observer/filing/0000092122-26-000010

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