Oglethorpe Power Announces Commercial Operation of First New U.S. Nuclear Unit in Three Decades
Posted on Jul 31, 2023 in Grid & Infrastructure | Comments Off on 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
Posted on Nov 10, 2022 in Grid & Infrastructure, Innovation/Efficiency | Comments Off on 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
Posted on Feb 15, 2021 in Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Renewable Energy | Comments Off on 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
Posted on Oct 27, 2016 in Climate Change, Energy Savings Programs, Environmental, Financing, Grid & Infrastructure, Legislative & Politics, Project Development, Regulation & Policy, Renewable Energy, Technology | Comments Off on 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
Posted on Nov 5, 2015 in Uncategorized | Comments Off on 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
Posted on Oct 21, 2014 in Uncategorized | Comments Off on 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
Posted on Feb 20, 2014 in Financing, Project Development | Comments Off on 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
Posted on Oct 16, 2013 in Corporate Governance | Comments Off on 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.
Appeals Court Rejects Challenges to Georgia Nuclear Power Plant Expansion
Posted on May 29, 2013 in Environmental, Litigation, Regulation & Policy | Comments Off on Appeals Court Rejects Challenges to Georgia Nuclear Power Plant Expansion
On May 14, the U.S. Court of Appeals for the District of Columbia Circuit rejected the petition of several environmental groups to delay the permitting of two new units at the Alvin W. Vogtle Nuclear Power Plant in Georgia. The petitioners sought to delay the Nuclear Regulatory Commission’s grant of combined construction and operating licenses to ensure that the units’ environmental...
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