Oglethorpe Power Corporation (OPC) is one of the nation’s largest wholesale power supply cooperatives with more than $10 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:
Thomas J. Brendiar Director, Bank & Investor
Relations Phone: (770) 270-7173
Fax: (770) 270-7325
Joe Rick Director, Capital MarketsPhone: (770) 270-7240 Fax: (770) email@example.com
(a)N/R indicates no rating assigned in this rating category
(b)Negative outlook assigned in November 2015.
(c)Negative outlook assigned in March 2017.
(d)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.