Dealflow | June 9, 2021

Georgia Power commits $75 million to advance racial equity and justice

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, June 9 — Atlanta-based utility company Georgia Power tapped a $200 million community-focused allocation from its parent, Southern Company.

It is looking to invest $15 million per year over the next five years to tackle racial inequality and racial injustice in local distressed and disadvantaged communities where it operates in Georgia.

Georgia Power said it will invest in scholarships for underrepresented students, historically Black colleges and universities, the re-entry of the formerly incarcerated, Black-owned businesses and the net-zero carbon future.