Investor Relations

 

Oglethorpe Power Corporation (OPC) is one of the nation’s largest wholesale power supply cooperatives with more than $9 billion of assets and annual revenue exceeding $1 billion. OPC is owned by 38 retail electric distribution Members in the state of Georgia, each of which has a take-or-pay wholesale power supply contract with OPC under which OPC supplies the Members with a significant portion of their annual electric energy needs. These long-term wholesale power supply contracts provide the underpinning for OPC’s financial strength, as evidenced by the following investment grade ratings from the three major rating agencies:

 

Contact Information

 

Thomas J. Brendiar

Director, Bank & Investor Relations

Phone:  (770) 270-7173

Fax:  (770) 270-7325

tom.brendiar@opc.com

 

Oglethorpe Power Corporation

2100 E. Exchange Place

Tucker, GA 30084

 

 

 

Oglethorpe's Ratings

S&P

Moody’s

Fitch

Long-term ratings:
  Senior secured rating
  Issuer/underlying rating
  Year rating last changed
  Rating outlook


A

A
1997

Stable


Baa1

Baa2
2010

Stable


A

NR(a)
1997

Negative(b)

Short-term ratings:
  Commercial paper rating
  Year rating last changed


A-1

1994


P-2

1989


F1

1996

(a) N/R indicates no rating assigned in this rating category
(b) Negative outlook assigned in April 2013


The ratings reflected in this table have the meanings assigned to them by the respective rating agencies and are not recommendations to buy, sell or hold securities. They are subject to revision at any time by the rating agencies.

 

 

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