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Oglethorpe Power among Recipients of Department of Energy $250 Million Grant

Through its Department of Energy Grid Resilience and Innovation Partnerships Program, the Department of Energy recently awarded several Georgia entities, including Oglethorpe Power, an aggregate $250 million for clean energy projects. The projects include investments in battery storage, local microgrids and grid reliability, while implementing new transmission lines to link communities...

Georgia Power, Oglethorpe Power Settle Plant Vogtle Cost Overrun Lawsuit

Georgia Power Corporation will pay Oglethorpe Power $413 million to settle a lawsuit brought in 2022 by Oglethorpe Power against Georgia Power, accusing Georgia Power of backing out of financial obligations to pay for cost overruns incurred in connection with the third and fourth reactors at Plant Vogtle. Under the settlement agreement, Oglethorpe will keep its current 30% ownership of...

Oglethorpe Power Announces Commercial Operation of First New U.S. Nuclear Unit in Three Decades

Oglethorpe Power Corporation has announced that Plant Vogtle Unit 3 has reached commercial operation, the first new nuclear unit in three decades, which will provide emissions-free power to Georgia.

Southeast Energy Exchange Market Unveils New Energy Trading Market

The Southeast Energy Exchange Market (SEEM) opened up operation this week, allowing for first of their kind market transactions in power for the region. SEEM will cover 23 entities in 12 states, with more than 180,000 megawatts, including Associated Electric Cooperative, Seminole Electric Cooperative, Oglethorpe Power Corporation, and North Carolina Electric Membership...

SEEM Members Submit Filing for Proposed Advanced Bilateral Market Platform

The Southeast Energy Exchange Market (SEEM) members recently filed with the Federal Energy Regulatory Commission for the approval of an automated, intra-hour energy exchange that aims to lower costs to customers and optimize renewable energy resources. The new SEEM platform will facilitate sub-hourly, bilateral trading, allowing participants to buy and sell power close to the time the...

USDA Announces $3.6 Billion in Funding for 82 Electric Projects

U.S. Secretary of Agriculture Tom Vilsack announced Wednesday that the USDA will provide $3.6 billion in loans to electric utilities in 31 states to fund 82 projects.  The loans, which will be provided through the Electric Program and the Rural Utilities Service, include $216 million for smart grid technologies, $35 million for renewable energy, $26 million for environmental...

Electric Cooperatives among Top 100 Coops Per Report

The National Cooperative Bank has released its “2015 Co-op 100 List,” which includes 17 electric cooperatives from around the country.  Among the electric cooperatives to make the list are Basin Electric Power Cooperative, Oglethorpe Power Corporation and Seminole Electric Cooperative.  Overall the 17 electric cooperatives accounted for approximately 7 percent of the total annual...

Three U.S. Coops Listed in Top 300 Coops Globally

The International Co-operative Alliance’s Global 300, a list of the world’s largest cooperatives, included three U.S. electric cooperatives—Basin Electric Power Cooperative (Basin Electric), Oglethorpe Power Corporation (Oglethorpe) and Tri-State Generation and Transmission Association.  Basin Electric and Oglethorpe were also in the top 15 industry and utility cooperatives.  For more...

DOE to Approve Loan For Nuclear Reactors

In a move over 30 years in the making, the U.S. Department of Energy (DOE) plans to approve $6.5 billion in federal loan guarantees for two additional nuclear reactors located at Plant Vogtle, a nuclear plant in Georgia.  Oglethorpe Power Corporation is among the owners of the project.  The reactors would represent the first time since the 1970s that the U.S. has built reactors.  To...

Oglethorpe Announces New CEO

Oglethorpe Power Corporation has announced that Michael L. Smith has been appointed as its new President and Chief Executive Officer.  Mr. Smith previously served in the same position for Georgia Transmission Corporation.  To read more, click here.

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