Georgia Power's two new nuclear units at Plant Vogtle near Waynesboro, Georgia continue to anchor the utility's capital structure in 2026, with securities filings this year showing approximately $4.6 billion outstanding under credit facilities with the US Department of Energy and the Federal Financing Bank secured by the company's ownership interest in Vogtle Units 3 and 4.
The Southern Company subsidiary disclosed the figures in a series of senior note offerings filed with the Securities and Exchange Commission during 2026. Proceeds from the offerings fund the company's ongoing construction program, scheduled debt maturities, and general corporate purposes as Georgia Power builds generation and transmission to serve one of the fastest-growing electricity markets in the country.
Vogtle Units 3 and 4, completed in 2023 and 2024, made the plant the largest generator of clean electricity in the United States and remain the most recent large-scale reactors finished on US soil. The units now serve as both a power supply asset and a financing foundation, with their regulated revenue stream backing federal credit support.
Georgia's load growth gives the units strategic weight. Data center development across metro Atlanta has pushed Georgia Power to file expanded resource plans, and the Vogtle units supply around-the-clock generation that supports that growth without fuel price exposure.
Source: SEC / Georgia Power -- https://www.sec.gov/Archives/edgar/data/0000041091/000004109126000012/gpc2026bfixedratefwp.htm