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Latest Oglethorpe Power Stories

2010-05-17 16:09:00

TUCKER, Ga., May 17 /PRNewswire/ -- Oglethorpe Power Corporation President and Chief Executive Officer Thomas A. Smith and Executive Vice President and Chief Financial Officer Elizabeth B. Higgins will discuss first quarter results during a conference call at 11:00 a.m. Eastern on Friday, May 21, 2010. Investors, media and the public may view a live internet webcast or join via telephone. How to Participate: Joining Via Telephone: Domestic Toll-Free Dial-in Number: 866-788-0539...

2010-03-10 10:31:00

ATLANTA, March 10 /PRNewswire/ -- Oglethorpe Power Corporation will construct a new 605-megawatt, natural-gas-powered "combined-cycle" generating facility in Georgia to help meet the growing energy needs of its members, the company announced today. The corporation recently received final approval from its member EMCs to proceed with the project. The facility, which represents a capital investment of about $750 million (including interest during construction), will use natural gas to...

2010-02-16 11:16:00

ATLANTA, Feb. 16 /PRNewswire/ -- Oglethorpe Power Corporation has been notified by the U.S. Department of Energy (DOE) that it is being offered a conditional commitment for federal loan guarantees to help fund its participation in Units 3 and 4 of the Alvin W. Vogtle Nuclear Plant near Waynesboro, Ga. Oglethorpe Power is a 30 percent owner of Plant Vogtle's existing Units 1 and 2 and will own 30 percent of the two new units as well. The loan guarantee announcement was made by President...

2010-02-16 10:20:00

ATLANTA, Feb. 16 /PRNewswire-FirstCall/ -- Southern Company today announced that the U.S. Department of Energy (DOE) has offered its subsidiary Georgia Power a conditional commitment for loan guarantees for the construction of the nation's first nuclear power units in more than 30 years, a move designed to help spur a renaissance in America's nuclear industry. (Logo: http://www.newscom.com/cgi-bin/prnh/20080801/SOCOLOGO ) "We are honored by the administration's confidence in our ability...

2010-01-27 09:05:00

TUCKER, Ga., Jan. 27 /PRNewswire/ -- Oglethorpe Power Corporation (An Electric Membership Corporation) ("Oglethorpe") today announced that it will extend the deadline with respect to its exchange offer regarding its 5.95% First Mortgage Bonds, Series 2009 B due 2039 (the "Original Bonds") (CUSIP No: 677050 AF3). The exchange offer deadline, which was 5:00 p.m., New York City time, on January 26, 2010, will be extended to 5:00 p.m., New York City time, on February 1, 2010, unless further...

2010-01-08 11:44:00

TUCKER, Ga., Jan. 8 /PRNewswire/ -- Charles W. "Chuck" Whitney, senior vice president and general counsel for Oglethorpe Power Corporation, has been appointed to the Nuclear Energy Institute (NEI) Lawyers Committee. The Nuclear Energy Institute is the policy organization of the nuclear energy and technologies industry and works to promote the beneficial uses of nuclear energy and technologies in the United States and around the world. The Lawyers Committee develops policy recommendations...

2009-12-17 11:20:00

TUCKER, Ga., Dec. 17 /PRNewswire/ -- Flint Energies, an electric cooperative based in Reynolds, Ga., has re-joined the Oglethorpe Power Corporation system after a five-year absence. Flint withdrew as an Oglethorpe Power member in 2004 but will now be eligible as one of Oglethorpe's 39 member cooperatives to participate in future electric generating facilities planned by the $6 billion power supply cooperative. Bob Ray, president and CEO of Flint Energies, said Flint's renewed...

2009-10-13 17:07:00

ATLANTA, Oct. 13 /PRNewswire/ -- Oglethorpe Power Corporation has closed on its purchase of the Hartwell electric generating plant from International Power and its partner. The purchase price for the northeast Georgia facility was $148.5 million, which includes approximately $53.5 million of existing project level debt that Oglethorpe Power paid off at closing. Oglethorpe Power previously purchased the entire output of the approximately 300-megawatt oil and gas-fired plant under a...

2009-08-26 14:51:00

BIRMINGHAM, Ala., Aug. 26 /PRNewswire-FirstCall/ -- The Nuclear Regulatory Commission today issued an Early Site Permit (ESP) for the two new units of the Vogtle Electric Generating Plant in Waynesboro, Ga. Plant Vogtle is owned by Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia [MEAG Power] and Dalton Utilities. (Logo: http://www.newscom.com/cgi-bin/prnh/20080801/SOCOLOGO) The ESP is another step in the Nuclear Regulatory Commission's (NRC) new,...

2009-08-03 11:11:00

ATLANTA, Aug. 3 /PRNewswire/ -- Oglethorpe Power Corporation has notified the partners of the Hartwell Energy Limited Partnership of the Corporation's intent to purchase the 318 megawatt Hartwell plant, an oil and gas-fired peaking facility in northeast Georgia. The purchase price is $148.5 million, including approximately $54.0 million of existing project level debt, plus a working capital and fuel oil adjustment to be determined at closing. Completion of the sale is expected in the...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.