Oglethorpe Power Corporation, founded in 1974 and headquartered in Tucker, Georgia, is a key player in the southeastern United States’ electric utility sector. As a generation and transmission cooperative, Oglethorpe Power serves more than 4 million customers through its 38 member cooperatives, providing reliable wholesale electricity and promoting energy efficiency across the region.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Oglethorpe Power first issued bonds in 1988 and has since established itself as a significant issuer in the municipal bond market. Notably, the company conducted a substantial bond sale in 2020 to finance new power generation projects and enhance its existing infrastructure. Currently, Oglethorpe’s bonds are noted for their relatively attractive yields compared to industry averages, reflecting a strong credit rating backed by solid operational performance. Investors often appreciate the unique features of Oglethorpe's bonds, including dedicated revenue streams from long-term contracts, ensuring consistent financial support for its obligations.