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February 09, 2016 9:57 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Oglethorpe Power Corp.

Company Overview

Oglethorpe Power Corporation operates as an electric cooperative in the United States. The company offers wholesale electric power to 38 retail electric distribution cooperative members. Its members are local consumer-owned distribution cooperatives that provide retail electric service on a not-for-profit basis to 4.2 million residential, commercial, and industrial consumers. The company has interests in 31 generating units, fueled by nuclear, coal, gas, oil, and water, as well as operates and manages 6 gas-fired generating units on behalf of Smarr EMC. Its fleet of generating units totals 7,781 megawatts capacity, as well as 718 megawatts capacity of Smarr EMC assets. Oglethorpe Power Corpo...

2100 East Exchange Place

Suite 203

Tucker, GA 30084

United States

Founded in 1974

265 Employees

Phone:

770-270-7600

Key Executives for Oglethorpe Power Corp.

Chief Executive Officer and President
Age: 55
Chief Financial Officer, Executive Vice President and Member of Executive Risk Management Committee
Age: 46
Chief Operating Officer, Executive Vice President and Member of Executive Risk Management Committee
Age: 54
Senior Vice President and General Counsel
Age: 68
Executive Vice President and Member of Executive Risk Management Committee
Age: 50
Compensation as of Fiscal Year 2015.

Oglethorpe Power Corp. Key Developments

Georgia Power Completes Settlement Process Between Oglethorpe Power Corporation and Municipal Electric Authority of Georgia and Dalton Utilities

Georgia Power announced the completion of the settlement process between the co-owners (Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities) of the Vogtle nuclear expansion and the project's contractors, Westinghouse and CB&I. The agreement settles all claims currently in litigation with the contractors, reaffirms the current in-service dates, adds additional contractual protections and positions Westinghouse and its affiliates as the primary contractor over the project. Including the settlement agreement, the project's remaining projected customer rate impact will total approximately 2.5%, which is an average of less than 1% per year through completion. Georgia Power's portion of the settlement cost is approximately $350 million, significantly less than the claims that were in litigation. Georgia Power plans to submit the settlement agreement to the Georgia Public Service Commission (PSC) in the coming weeks.

Oglethorpe Power Corp. Presents at The Wells Fargo Securities 14th Annual Energy Symposium, Dec-08-2015

Oglethorpe Power Corp. Presents at The Wells Fargo Securities 14th Annual Energy Symposium, Dec-08-2015 . Venue: The Waldorf-Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: Joe Rick, Director, Capital Markets, Thomas J. Brendiar, Director of Bank and Investor Relations.

Oglethorpe Power Corp., Q3 2016 Earnings Call, Nov 16, 2015

Oglethorpe Power Corp., Q3 2016 Earnings Call, Nov 16, 2015

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