INVESTOR RELATIONS
Overview
Oglethorpe Power Corporation (OPC) is one of the nation’s largest wholesale power supply cooperatives, with more than $16 billion in assets and annual revenue of approximately $2.1 billion. Oglethorpe Power 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 Oglethorpe Power, under which Oglethorpe Power supplies the members with a significant portion of their annual electric energy needs. These long-term wholesale power supply contracts provide the underpinning for Oglethorpe Power’s financial strength.
Long-term ratings
S&P
Moody’s
Fitch
Senior secured rating
BBB+
Baa1
BBB
Issuer/underlying rating
BBB+
Baa2
BBB
Date rating last changed
September 2018
October 2010
August 2021
Rating outlook
Stable
Stable
Positive
Date outlook last changed
August 2023
October 2018
October 2023
Short-term ratings
S&P
Moody’s
Fitch
Commercial paper rating
A-2
P-2
F2
Date rating last changed
July 2017
1989
August 2021
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.
For More Information, Contact Investor Relations
Director, Capital Markets & Investor Relations
Phone: (770) 270-7240
joe.rick@opc.com
Rating Agency Reports
S&P Rating Report on OPC (08-09-2023)Moody’s Credit Opinion on OPC (08-09-2023)Fitch Rating Action Commentary on OPC (10-12-2023)