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July 30, 2015 3:19 AM 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



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

Oglethorpe Power Corporation Announces Board Changes

Oglethorpe Power Corporation announced that Benny W. Denham, of Irwin EMC, has officially resigned from his post as an Oglethorpe Power Director and Chairman of the Board, effective immediately. In his statement Denham explained that he is stepping down for personal reasons. Denham has been Chairman for the last 12 years and has served on the Oglethorpe Power Board since December 1988. In that time, he has worked hard to pursue the interests of the company in an effort to bring value to Electric Membership Corporations (EMCs) across the state of Georgia. The Board of Directors at Oglethorpe Power Corp. has elected Marshall S. Millwood, of Sawnee EMC, as Interim Board Chairman. Millwood has served on Oglethorpe Power's Board of Directors since 2003 and has been the Board's Vice Chairman for the past three years. In addition, he had served on Oglethorpe Power's Audit Committee and Construction Project Committee for several consecutive years, and since March 2012, has served on the corporation's Compensation Committee as Committee Chairman.

Oglethorpe Power Corp., Q1 2015 Earnings Call, May 14, 2015

Oglethorpe Power Corp., Q1 2015 Earnings Call, May 14, 2015

Oglethorpe Power Corp. Elects Ernest A. 'Chip' Jakins III as Director for Member Group 5

Oglethorpe Power Corp. announced that at the annual meeting held on March 30, 2015 nominated and elected Ernest A. 'Chip' Jakins III as a director for member group 5 to a term that will expire in March 2018.

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