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Posted on 02/26/2026 3:00:56 PM PST by devane617
TLANTA, Ga. (WALB) - Millions of Georgia power customers could see lower electricity bills after the U.S. Department of Energy closed a $26.5 billion loan package for Southern Company, the largest loan in the department’s history.
Officials said the deal is expected to save customers more than $7 billion in electricity costs by reducing the utility’s interest expenses.
Southern Company has announced plans for multi-year rate freezes as part of the partnership with the federal government.
(Excerpt) Read more at walb.com ...
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Who pays?
That’s because, to the government, that amount of $ isn’t even pocket change, it’s pocket lint.
Looks like the state and feds are gonna pay for those new reactors...
Who pays?
You and me, ComputerGuy.
If they gave it to FPL, the rates would still keep skyrocketing.
If it’s to pay for Rosatom (the Russian nuclear plant manufacturer, who does jobs around the world), they’d get 6 nukes for what they’re paying. US union boys, maybe 2, on a good day (sorry TG, but that’s reality).
California needs these modular reactors, desperately. We need at least 15-20 of them. We need some for desalination so we can drink water and put out fires at the same time. We need some to power all the Teslas. And we need some because our rates are too damn high! I was just thinking today how much I pay to SoCal Edison. Between the home and work and office it’s probably $80,000+ a year. Just for power. And we’re not a big company.
I am ready to move, though power is expensive everywhere it’s probably at least 25%-30% higher here. I made a decision a few years ago to switch from gas boilers to electric boilers. The gas boilers were aging and of course they need vents. It was during Covid and the lead time to install a gas boiler was 15 months! No parts. But in retrospect it was a big mistake. I could move out of state or down the block. Either way, I would very much like to go back to natural gas boilers.
My small company AND my home together costs us about $6,000 a year in electricity here in New Mexico.
Yeah, it’s sick what we pay here in California. Though what gets me is I do manufacturing so sometimes we’ll use a lot of wattage. They also hit me with a “demand charge” every month. Every business with an average of over 20kwh gets this demand charge. If we are running an average of 120 kw a day the demand charge is about $1200 a month. Sometimes that’s equal to the usage charge. A typical month we use 3500-4000KWH total. But lately we picked up some work and now were pulling 10,000 kwh. The Demand Charge barely budges 10% even if we pull 3x more power - we just have to pay for extra usage. Demand Charge is hard to explain or understand - it is a fee they impose to “remain ready to deliver a surge in electricity” to any property. Everyone using more than 20kwh average daily gets whacked with it though it scales somewhat with how much you use, the more you use it doesn’t go up by leaps and bounds.
And you want to know something even sicker about it all? During the day when most people are not at home, the rates are cheapest and in the area where I live about 30% of the homes are generating solar. There is so much solar being produced during the day that the public utilities literally burn off excess production! They just dump it. So theoretically, daytime usage for industry could be subsidized lower - imagine that! “Hey we want to attract and retain manufacturing in California so we are going to take advantage of all the solar production and give industries a break on electricity”. Democrats don’t think like that, though. Peak time is from 4pm to 9pm when people get home, turn on air, wash their clothes etc. By 4 pm our machines are pretty much idle but our computers, office lights etc are on. By 6 almost everything is off or in sleep mode.
They are probably working with Georgia Power on this deal. We built Nuclear Power Plant Vogel and GP wants to light the AI Datacenters that are or soon to be finished to take our money from another pocket.
With Alabama Power, the “demand charge” is not an average, but the highest amount of power pulled at any one moment during the billing period. Times $1.50.
Who voted for the crazy RAT politicians that got CA in the mess it’s in now? That’s who you should be mad at.
Not only Georgia, several southern states will benefit.
Who wants a cheap Russian built nuclear plant? Also, depending on local laws, they'd still have to hire union boys.
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