Oglethorpe Power Corp - Company Profile
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Oglethorpe Power Corp (OPC) is a not-for-profit member owned electric utility. It generates electricity using natural gas, hydroelectric, coal and nuclear sources, and procures power from third parties. The company manages and operates Smarr EMC and associates with Green Power EMC, to secure renewable energy resources such as hydro, biomass, landfill gas and solar. In long-term power purchase agreements, OPC supplies electricity to its retail electric distribution cooperative members in Georgia, on wholesale basis. The company also sells capacity and energy to non-members. The company owns and has interests in natural gas-fired simple cycle combustion and combined cycle turbines, bituminous coal, sub-bituminous coal, nuclear and pumped storage hydroelectric plants across the state. OPC is headquartered in Tucker, Georgia, the US
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Products and Services
Products | Services |
---|---|
Electricity | Electricity Transmission |
Capacity Sales |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Acquisitions/Mergers/Takeovers | In May, the company acquired one generating unit at Baconton Power, a four-unit 188-megawatt combustion turbine generation facility in Baconton, Georgia from Baconton Power, LLC. |
2022 | Contracts/Agreements | In October, the company agreed to acquire two generating units at Washington County Power. |
2021 | Contracts/Agreements | In March, the company entered into an agreement to acquire Effingham County Power, a 511 megawatt operating combined-cycle generating and transmission facility in Rincon, Georgia from Southeast PowerGen. |
Competitor Comparison
Key Parameters | Oglethorpe Power Corp | Southern Co | Blue Ridge Mountain Electric Membership Corp | Dalton Utilities | Diverse Power Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Tucker | Atlanta | Young Harris | Dalton | LaGrange |
State/Province | Georgia | Georgia | Georgia | Georgia | Georgia |
No. of Employees | 323 | 27,700 | - | - | - |
Entity Type | Private | Public | Private | Institution | Private |
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Bobby C. Smith Jr. | Chairman | Executive Board | 2015 | 68 |
Marshall S. Millwood | Chairman | Executive Board | - | 73 |
Michael L. Smith | President; Chief Executive Officer | Senior Management | 2013 | 63 |
Elizabeth B. Higgins | Chief Financial Officer; Executive Vice President | Senior Management | 2008 | 54 |
David W. Sorrick | Executive Vice President; Chief Operating Officer | Senior Management | 2022 | 59 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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