Oglethorpe Power
Oglethorpe Power is a not-for-profit wholesale power supply cooperative generating electricity from nuclear, natural gas, coal, and hydro resources across 9,300+ MW. It serves 38 Georgia Electric Membership Corporations delivering power to approximately 4.7 million Georgians.
- Company typePrivate
- Founded1974
- HeadquartersTucker, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Oglethorpe Power does
Oglethorpe Power Corporation is a not-for-profit wholesale power supply cooperative headquartered in Tucker, Georgia, that generates and supplies electricity to 38 Electric Membership Corporations (EMCs) across the state, ultimately serving approximately 4.7 million Georgians. Founded in 1974, the company operates a diversified generation portfolio spanning nuclear, natural gas, coal, and hydroelectric (pumped-storage) resources with combined capacity of over 9,300 megawatts. Assets exceed $17 billion as of Q1 2026, making it one of the largest power supply cooperatives in the United States.
The generation fleet includes a 30% co-ownership stake in Plant Vogtle Units 1-4 (whose Units 3 and 4 are the first advanced commercial nuclear reactors to come online in the U.S. in over three decades), 30% of Plant Hatch (1,755 MW, NRC license renewed to 2054-2058), 60% of Robert W. Scherer Units 1 & 2 (1,030 MW coal), and 74.6% of the 1,095 MW Rocky Mountain Pumped-Storage Hydroelectric Plant. Two major new generation projects are under construction: the $3.3 billion Smarr Combined-Cycle facility (1,425 MW using GE Vernova 7HA.03 turbines with TIC/Kiewit as EPC, commercial operation targeted 2029) and Talbot Unit 7 (240 MW, $360 million, Siemens Energy SGT6-5000F). The July 2024 acquisition of the 465 MW Walton County Power facility from a Carlyle Group affiliate marked Oglethorpe's eighth natural gas acquisition in 15 years.
Oglethorpe operates on a cooperative model in which each of the 38 member EMCs holds long-term take-or-pay wholesale power supply contracts that obligate payment regardless of consumption, providing structurally predictable revenue and eliminating churn. The company is owned and governed by its members rather than external shareholders, is not publicly traded, and does not have PE or VC backing. Strategic priorities include FERC relicensing of the Rocky Mountain facility for another 40-50 years, execution of the multi-billion-dollar Smarr CC and Talbot Unit 7 capex programs, and broader participation in Georgia's data-center-driven load growth alongside a $26.5 billion DOE loan supporting regional generation expansion.
Oglethorpe Power firmographics
Firmographics- Name
- Oglethorpe Power
- Legal name
- Oglethorpe Power Corporation
- Website
- https://opc.com
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Oglethorpe Power is a not-for-profit wholesale power supply cooperative generating electricity from nuclear, natural gas, coal, and hydro resources across 9,300+ MW. It serves 38 Georgia Electric Membership Corporations delivering power to approximately 4.7 million Georgians.
- Ownership category
- akta.pro rank
Oglethorpe Power industry classification
Industry- Product category
- Wholesale Electric Power Supply
- NAICS
- Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Hydroelectric Power Generation (221111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)
- akta.pro secondary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
Keywords
Where Oglethorpe Power is headquartered
LocationHeadquarters
- HQ city
- Tucker
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Oglethorpe Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D
Revenue model
- Wholesale Power Supply: Oglethorpe Power operates as a not-for-profit wholesale power supply cooperative. The company generates electricity and sells it to 38 retail electric distribution Members under long-term take-or-pay wholesale power supply contracts. These contracts provide the underpinning for Oglethorpe Power's financial strength, with Members obligated to pay for power supply regardless of consumption levels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Not publicly disclosed | Wholesale power supply contracts with 38 member EMCs |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Oglethorpe Power product offering
Product offeringCore offering
Oglethorpe Power generates electricity through a diversified portfolio of nuclear, natural gas, coal and hydroelectric resources with a combined capacity exceeding 9,300 MW and supplies that power wholesale to 38 Electric Membership Corporations (EMCs) across Georgia under long-term take-or-pay contracts. The company owns and co-owns major generation facilities including Plant Vogtle (30%), Plant Hatch (30%), Robert W. Scherer coal plant (60%), Rocky Mountain pumped-storage hydro (74.6%), and is constructing the Smarr Combined-Cycle facility and Talbot Unit 7. Power ultimately reaches approximately 4.7 million Georgians via the member EMCs' distribution networks.
Product overview
Oglethorpe Power is one of the nation's largest wholesale power supply cooperatives serving 38 electric membership corporations (EMCs) across Georgia. The company operates a diversified generation portfolio consisting of nuclear (Plant Vogtle with 30% ownership, Plant Hatch with 30% ownership), natural gas (multiple combined-cycle and combustion turbine facilities), coal (Robert W. Scherer with 60% ownership), and hydroelectric (Rocky Mountain pumped-storage with 74.6% ownership) resources. The generation fleet has a combined capacity of over 9,300 megawatts. Two major new generation projects are underway: the Smarr Combined-Cycle facility (1,425 MW, $3+ billion investment, expected 2029) and Talbot Unit 7 (240 MW, $360 million investment). The company operates on a not-for-profit cooperative model, supplying power to member EMCs who deliver electricity to approximately 4.7 million Georgians.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Carbon emissions intensity rate projected to decline 47% by 2025 compared to 2005
- +3 more outcomes
Companies that use Oglethorpe Power
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles1 record
Oglethorpe Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Oglethorpe Power partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Kiewit subsidiary The Industrial Company (TIC)coreTIC serves as the Engineering, Procurement and Construction (EPC) partner for the Smarr Combined-Cycle facility in Monroe County. TIC is expected to mobilize in Spring 2026 with commercial operation anticipated in 2029. TIC brings extensive experience delivering more than 82,000 megawatts of gas-fired capacity over the past decade, including 35 combined-cycle projects.
- GE VernovacoreGE Vernova selected as technology provider for Smarr Combined-Cycle facility, supplying two 7HA.03 gas turbines, two H84 hydrogen-cooled generators, two triple-pressure with reheat Heat Recovery Steam Generators, and two STF-D600 steam turbines. Additionally, GE Vernova selected to provide a 20-year long-term service agreement for maintenance.
- Georgia PowercoreCo-owner of Edwin I. Hatch Nuclear Plant and Alvin W. Vogtle Nuclear Plant. Georgia Power operates the facilities and is a key partner in Georgia's nuclear energy generation.
- Municipal Electric Authority of Georgia (MEAG Power)coreCo-owner of Edwin I. Hatch Nuclear Plant alongside Georgia Power, Oglethorpe Power, and Dalton Utilities.
- Dalton UtilitiescoreCo-owner of Edwin I. Hatch Nuclear Plant alongside Georgia Power, Oglethorpe Power, and MEAG Power.
- Southern NuclearcoreOperates Plant Hatch and Plant Vogtle facilities on behalf of co-owners including Oglethorpe Power.
- Green Power EMCminorPartnership with Green Power EMC, a not-for-profit cooperative that secures renewable energy resources from across Georgia including solar, landfill gas, hydro and wind.
- Siemens EnergycoreSiemens Energy technology selected for Talbot Unit 7 combustion turbine. The new 240-megawatt unit uses Siemens Energy SGT6-5000F technology.
Scale indicators11 records
Recent moves9 records
Expansion highlights6 records
Oglethorpe Power competitors and assessment
Company assessmentDirect peers
- Seminole Electric Cooperative: Generation and transmission cooperative serving member distribution cooperatives across Florida. Operates a diversified fossil, nuclear co-ownership, and renewable portfolio under take-or-pay-style contracts with members, making it a near-identical business model to Oglethorpe Power.
- Basin Electric Power Cooperative: Largest generation and transmission cooperative in the U.S., serving member systems across a multi-state region. Operates a coal, gas, nuclear co-ownership, and renewable portfolio under long-term wholesale contracts, directly comparable in scale and diversified generation strategy to Oglethorpe.
- Associated Electric Cooperative: Regional generation and transmission cooperative supplying power to member distribution cooperatives across Missouri, Iowa, and surrounding states. Operates coal, gas, and renewable generation under member wholesale supply contracts, closely mirroring Oglethorpe's cooperative G&T model.
- Great River Energy: Generation and transmission cooperative serving member distribution cooperatives across Minnesota. Operates a diversified portfolio including coal-to-renewables conversions and dispatchable resources under wholesale member contracts, comparable in structure and scale.
- PowerSouth Energy Cooperative: Generation and transmission cooperative serving member distribution systems across Alabama and northwest Florida. Operates gas, coal, and renewable generation under long-term member supply agreements, paralleling Oglethorpe's wholesale cooperative model.
- Buckeye Power: Ohio-based generation cooperative owning and operating generation assets to serve member distribution cooperatives. Operates a mixed fossil and renewable portfolio under wholesale member supply arrangements similar to Oglethorpe's take-or-pay contracts.
- East Kentucky Power Cooperative: Generation and transmission cooperative serving member distribution cooperatives throughout Kentucky. Operates a diversified coal, gas, and renewable portfolio under long-term member contracts, structurally analogous to Oglethorpe.
- Hoosier Energy: Generation and transmission cooperative serving member distribution systems in Indiana and Illinois. Operates a diversified portfolio including natural gas, coal, and renewable generation under wholesale member supply contracts.
- Wolverine Power Supply Cooperative: Michigan-based generation cooperative supplying wholesale power to member distribution systems. Operates natural gas and renewable generation under member contracts, comparable to Oglethorpe in cooperative wholesale supply model.
Broad incumbents
- Southern Company: Investor-owned holding company whose subsidiaries (Georgia Power, Southern Nuclear) co-own and operate the Plant Vogtle and Plant Hatch nuclear facilities with Oglethorpe. Operates a much broader multi-state utility portfolio with overlapping generation, T&D, and retail activities, making it the dominant incumbent in Oglethorpe's geographic market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Oglethorpe Power social profiles
Digital presenceOglethorpe Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oglethorpe Power leadership team
Management profileNumber of profiles
Profiles10 records
Oglethorpe Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oglethorpe Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oglethorpe Power
What does Oglethorpe Power do?
Oglethorpe Power generates electricity through a diversified portfolio of nuclear, natural gas, coal and hydroelectric resources with a combined capacity exceeding 9,300 MW and supplies that power wholesale to 38 Electric Membership Corporations (EMCs) across Georgia under long-term take-or-pay contracts. The company owns and co-owns major generation facilities including Plant Vogtle (30%), Plant Hatch (30%), Robert W. Scherer coal plant (60%), Rocky Mountain pumped-storage hydro (74.6%), and is constructing the Smarr Combined-Cycle facility and Talbot Unit 7. Power ultimately reaches approximately 4.7 million Georgians via the member EMCs' distribution networks.
Is Oglethorpe Power a public or private company?
Oglethorpe Power is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Oglethorpe Power founded?
Oglethorpe Power was founded in 1974. It employs 251 to 500 people.
Where is Oglethorpe Power based?
Oglethorpe Power is headquartered in Tucker, United States, in the North America region.
How does Oglethorpe Power make money?
One revenue line is on record: wholesale Power Supply.
Who are Oglethorpe Power's main competitors?
Direct peers on record are Seminole Electric Cooperative, Basin Electric Power Cooperative, Associated Electric Cooperative, Great River Energy, PowerSouth Energy Cooperative, Buckeye Power, East Kentucky Power Cooperative, Hoosier Energy and Wolverine Power Supply Cooperative. Southern Company is listed as a broad incumbent.
Does Oglethorpe Power have an API?
No public API is recorded for Oglethorpe Power.
What industry is Oglethorpe Power in?
Oglethorpe Power's product category is Wholesale Electric Power Supply. Its primary akta.pro industry code is EUACABAI, Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 22111 and its SIC code is 4911.