OGLETHORPE POWER ANNOUNCES LORI HOLT AS VP, FUELS & ENERGY

ATLANTA, GA  (February 24, 2009) – Oglethorpe Power, the nation’s largest power supply cooperative, today announced that it has hired Lori K. Holt as vice president, fuels & energy.  In that role, she will be responsible for coal and natural gas procurement and hedging, biomass fuel procurement, operational interfaces and management of contracts, among other duties.

    Ms. Holt joins Oglethorpe Power from ACES Power Marketing in Carmel, In., where, as managing director of business development, she successfully expanded the company’s customer base.  She has a diverse background in the electric utility industry, including power generation development, energy trading, risk management and natural gas trading.

    “We are pleased to have Lori joining Oglethorpe Power to lead our fuels and energy group as we add new power generating facilities to our portfolio to serve our member systems,” said Michael W. Price, executive vice president and chief operating officer.

    Ms. Holt graduated with honors from the University of Louisville, where she earned a bachelor of science in business administration degree.

Oglethorpe Power Corporation (OPC) is the nation's largest power supply cooperative with approximately $5 billion in assets serving 38 Electric Membership Corporations which, collectively, provide electricity to 4.1 million Georgia citizens. A proponent of conscientious energy development and use, Oglethorpe Power balances reliable and affordable energy with environmental responsibility and has an outstanding record of regulatory compliance. Its diverse energy portfolio includes natural gas, hydroelectric, coal and nuclear generating plants with a combined capacity of approximately 4,700 megawatts (MW), as well as purchased power. Oglethorpe Power was established in 1974 and is owned by its 38 Member Systems. It is headquartered  Tucker, Georgia.

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