8-K 1 ogle8k.txt INITIAL FILING ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) October 16, 2002 Oglethorpe Power Corporation (An Electric Membership Corporation) (Exact name of Registrant as specified in its charter) GEORGIA 33-7591 58-1211925 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) Post Office Box 1349 30085-1349 2100 East Exchange Place (Zip Code) Tucker, Georgia (Address of principal executive offices) Registrant's telephone number, including area code (770) 270-7600 None (Former name or former address, if changed since last report) ================================================================================ OGLETHORPE POWER CORPORATION CONTENTS Page ---- Item 5. Other Events and Regulation FD Disclosure 3 ----------------------------------------- Item 7. Financial Statements and Exhibits 10 --------------------------------- Signature 11 --------- Exhibit Index 12 ------------- Item 5. Other Events and Regulation FD Disclosure. ------------------------------------------ Pursuant to an Offering Statement, dated October 16, 2002, the Development Authority of Burke County (Georgia) is offering an aggregate of $91,990,000 of Development Authority of Burke County (Georgia) Pollution Control Revenue Bonds (Oglethorpe Power Corporation Vogtle Project) Series 2002A and Series 2002B (the "Series 2002 Bonds"). The proceeds of the Series 2002 Bonds will be loaned to Oglethorpe Power Corporation ("Oglethorpe") to refinance certain obligations which were incurred in connection with the refinancing of the costs of certain pollution control facilities. The Offering Statement relating to the Series 2002 Bonds contains (i) a recent developments section which updates certain information relating to Oglethorpe contained in its reports filed with the Securities and Exchange Commission and (ii) certain financial and statistical information about the members of Oglethorpe that has not been included in any of Oglethorpe's reports filed with the Securities and Exchange Commission. This Current Report on Form 8-K provides the following information contained in the Offering Statement relating to the Series 2002 Bonds in order to comply with Oglethorpe's disclosure obligations under Regulation FD. Financing and Liquidity Updates The following updates the information contained in (i) "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Financial Condition - Capital Requirements and - Liquidity and Sources of Capital" in Item 7 of the Annual Report on Form 10-K for the year ended December 31, 2001, (ii) "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Financial Condition - Capital Requirement and Liquidity and Sources of Capital" in Item 2 of the Quarterly Report on Form 10-Q for the quarter ended March 31, 2002 and (iii) "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Financial Condition - Capital Requirements - Financing for Talbot EMC and Chattahoochee EMC and - Liquidity and Sources of Capital" in Item 2 of the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002. Reference is made to such sections in the Annual Report on Form 10-K for the year ended December 31, 2001, the Quarterly Report on Form 10-Q for the quarter ended March 31, 2002, and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002, for a further discussion of these matters. As disclosed in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002, Oglethorpe submitted loan applications to the Rural Utilities Service ("RUS"), totaling approximately $600 million, to provide permanent financing for a six-unit, 618 MW gas-fired combustion turbine project (currently owned by Talbot EMC) and a 468 MW gas-fired combined cycle project (currently owned by Chattahoochee EMC). The loan applications initially were submitted on behalf of either Oglethorpe or related entities that might ultimately own the facilities. During the process of evaluating the terms proposed by RUS for providing these loans to Talbot EMC and Chattahoochee EMC, it was determined that the terms of the financing would be more favorable if Oglethorpe owned the facilities and obtained the RUS financing. On September 19, 2002, RUS issued two RUS-guaranteed loan commitments to Oglethorpe for these generating facilities. Concurrently with the funding of these loans, which is currently expected to occur by June 30, 2003, it is proposed that Oglethorpe would acquire the two generating facilities from Talbot EMC and Chattahoochee EMC provided certain conditions are met as described under "--Proposed New Arrangements Among Oglethorpe and its Members" below. Oglethorpe is currently providing interim loans to Talbot EMC and Chattahoochee EMC to fund approximately fifty percent of the cost of these generating facilities. Oglethorpe is funding these loans through the issuance of commercial paper. As of October 15, 2002, approximately $280,000,000 in commercial paper was outstanding for this purpose. Oglethorpe expects to have up to approximately $300,000,000 of commercial paper outstanding for this purpose until the funding of the RUS loans. The remaining fifty percent of the cost of these generating facilities is being funded under two bridge loans from third parties. For a discussion of the bridge loans and Oglethorpe's guarantee of the bridge loan to Chattahoochee EMC and other contingent liabilities in connection with the Talbot and Chattahoochee generating facilities, see "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Financial Condition - Capital Requirements" in Item 7 of the Annual Report on Form 10-K for the year ended December 31, 2001. The proceeds from the RUS loans will first be used to repay the bridge loans and then to retire Oglethorpe's outstanding commercial paper. 3 On September 25, 2002, Oglethorpe renewed its existing committed lines of credit available for working capital and as support for Oglethorpe's commercial paper program at a level of $320,000,000, with an expiration date of September 24, 2003. This credit facility is structured such that the commitment amount is reduced to $290,000,000 upon the earlier to occur of (i) June 30, 2003 or (ii) receipt by Oglethorpe of funds totaling $350,000,000 under the RUS loans for the Talbot and Chattahoochee generating facilities. If the committed amount is reduced before funding of the RUS loans, Oglethorpe would use its cash or another line of credit to fund the difference between the amount of the outstanding loans to Talbot EMC and Chattahoochee EMC and the reduced availability of commercial paper. Currently, all of the commercial paper outstanding relates to the funding of these generating facilities. In conjunction with the renewal of this credit facility, the credit rating triggers that were contained in the prior credit facility were removed. Oglethorpe has a $50,000,000 committed line of credit with the National Rural Utilities Cooperative Finance Corporation ("CFC") that can be used for general working capital purposes. No amounts are currently outstanding under this facility. CFC also is a $40,000,000 participant in the $320,000,000 commercial paper backup facility described above. In conjunction with CFC's participation in the commercial paper backup facility, Oglethorpe entered into a pledge agreement with CFC under which Oglethorpe has invested $50,000,000 of its general funds in CFC commercial paper and pledged that investment as collateral for the working capital line of credit with CFC. The pledge agreement will terminate when Oglethorpe repays an outstanding $46,065,000 medium-term loan it has with CFC that matures on March 31, 2003. Oglethorpe will prepay the CFC medium-term loan with the proceeds of the issuance of the Series 2002 Bonds and will immediately thereafter liquidate the investment in the CFC commercial paper. In addition to the issuance of the Series 2002 Bonds, Oglethorpe has two additional financings planned in the near future. In November 2002, Oglethorpe expects to issue, through Georgia development authorities, $30,075,000 of tax-exempt pollution control revenue bonds to refinance a like amount of such bonds that matures on January 1, 2003. These bonds will be required to be secured under the Indenture, dated as of March 1, 1997, from Oglethorpe to SunTrust Bank, as trustee (in such capacity, the "Mortgage Indenture Trustee") (as supplemented, the "Mortgage Indenture") within 60 days after January 1, 2003. Oglethorpe also expects to issue up to $150 million of a combination of tax-exempt and taxable debt in late 2002 or early 2003 to fund certain capital expenditures previously made and to be made in complying with environmental regulations. This debt would be secured under the Mortgage Indenture at the time of issuance. Proposed New Arrangements Among Oglethorpe and Its Members The following updates the information contained in "BUSINESS - OGLETHORPE POWER CORPORATION - Power Supply Business, - Wholesale Power Contracts, - Relationship with GSOC and - Relationships with Smarr EMC, Talbot EMC and Chattahoochee EMC" in Item 1 of the Annual Report on Form 10-K for the year ended December 31, 2001, and "BUSINESS - OGLETHORPE'S POWER SUPPLY RESOURCES - Future Power Resources and - Capacity and Energy Pool" in Item 1 of the Annual Report on Form 10-K for the year ended December 31, 2001, and "MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Financial Condition - Capital Requirements - Financing for Talbot EMC and Chattahoochee EMC" in Item 2 in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002. Reference is made to such sections in the Annual Report on Form 10-K for the year ended December 31, 2001 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2002, for a further discussion of these matters. 4 Introduction Oglethorpe and its 39 retail electric distribution cooperative members (the "Members") are pursuing a course in which Oglethorpe would acquire the generating facilities now owned and being constructed by Talbot EMC and Chattahoochee EMC utilizing funds obtained under the two RUS-guaranteed loan commitments issued by RUS on September 19, 2002. Oglethorpe's proposed acquisition of these facilities requires the consent of 75% of the Members. The Members have advised Oglethorpe that their consent would be conditioned upon the implementation of certain new arrangements among Oglethorpe and the Members as described below. Background As discussed in "OGLETHORPE POWER CORPORATION - General" in Item 1 of the Annual Report on Form 10-K for the year ended December 31, 2001, Oglethorpe and the Members completed a corporate restructuring in 1997. The proposed new arrangements described below represent an evolution of the relationship between Oglethorpe and its Members resulting from the 1997 restructuring. At that time, Oglethorpe was divided into three separate companies, with Oglethorpe retaining all of its owned and leased generation assets and purchased power resources. Under the wholesale power contracts (the "Wholesale Power Contracts") entered into at that time, Oglethorpe is not obligated to provide all of the Members' capacity or energy requirements. The Members also have various options regarding services provided by Oglethorpe. These options include: o whether to have Oglethorpe provide power supply planning services, o whether to participate in Oglethorpe's capacity and energy pool or to separately schedule their resources, and o whether to satisfy all or a portion of their power requirements in excess of their existing Oglethorpe purchase obligations from Oglethorpe or from other suppliers. As a consequence of Members' exercise of these options, at this time, 15 Members participate in Oglethorpe's capacity and energy pool, Oglethorpe is providing power supply planning services for 13 Members, and Oglethorpe is not engaged in long-term resource procurement for any Member (other than in connection with the anticipated acquisition of the two generating facilities from Talbot EMC and Chattahoochee EMC described above). In response to the reduced Member demand for these services, Oglethorpe began to consider discontinuing operation of its capacity and energy pool and the provision of power supply planning services. The necessary approvals of Oglethorpe's Members to the acquisition of the Talbot and Chattahoochee generating facilities are conditioned on Oglethorpe committing to make these and certain other changes described below. Oglethorpe and the Members are working to develop definitive terms of three agreements to implement the acquisition of the Talbot and Chattahoochee generating facilities and to document the conditions to that acquisition, as described below. Proposed New Agreements New Business Model Agreement. The proposed New Business Model Agreement would contain the necessary consents of the Members and set forth all the conditions to Oglethorpe's acquisition of the Talbot and Chattahoochee generating facilities, including that RUS-guaranteed loan funds be advanced, that Amended and Restated Wholesale Power Contracts be delivered by Oglethorpe and the Members, and that Oglethorpe and the Members deliver a Member Agreement setting forth certain understandings with respect to Oglethorpe's future activities. 5 Amended and Restated Wholesale Power Contracts. The proposed Amended and Restated Wholesale Power Contracts do not change the unconditional obligation of each Member, on an express "take-or-pay" basis, to pay all costs of its fixed allocation of Oglethorpe's existing generation and purchased power resources, as well as costs with respect to any future resources that might be acquired in accordance with new approval requirements. The approval requirement for future resources would change. In addition to the approval of 75% of Oglethorpe's Directors and 75% of the Members that is now required, the approval of Members representing 75% of the patronage capital of Oglethorpe would also be required in connection with Oglethorpe's acquisition of a future resource. Certain resource modifications which now must be approved by 75% of Oglethorpe's Directors and 75% of the Members, could be made by Oglethorpe if they were approved by the Oglethorpe Board and by more than 50% of the Members. Like the existing Wholesale Power Contracts, the proposed Amended and Restated Wholesale Power Contracts would continue to provide that each Member would be jointly and severally responsible for all costs and expenses of all existing generation and purchased power resources (including the Talbot and Chattahoochee generating facilities), as well as for any future resources and resource modifications (whether or not such Member has elected to participate in such future resource or resource modification) that are approved in accordance with these new approval requirements. For resources and resource modifications so approved in which less than all Members participate, costs would be shared first among the participating Members, and if all participating Members default, each non-participating Member would be expressly obligated to pay a proportionate share of such default. The proposed Amended and Restated Wholesale Power Contracts also would eliminate Oglethorpe's obligation to provide power supply planning services. Member Agreement. The proposed Member Agreement would require Member approval for Oglethorpe to undertake certain activities. It would not restrict or limit Oglethorpe's ability to own, manage, control and operate its resources or perform its functions under the Amended and Restated Wholesale Power Contracts. It provides that Oglethorpe would continue, through no later than March 31, 2005, to operate its capacity and energy pool, to provide natural gas hedging for pool and non-pool participants and to provide power supply planning services to Members electing to receive these services. Under the Member Agreement, Oglethorpe would not provide services unrelated to its ownership, management, control and operation of its resources or the performance of its functions under the Amended and Restated Wholesale Power Contracts if providing such services would require it to incur indebtedness, provide a guarantee or make any loan or investment unless such activity was approved by 75% of Oglethorpe's Board of Directors, 75% of the Members and Members representing 75% of the patronage capital of Oglethorpe. Oglethorpe could provide any other such service to a Member so long as doing so would not create a conflict of interest with respect to other Members, such service was being provided to all Members or such service received the three-part 75% approval described above. Status of Arrangements Oglethorpe and its Members are currently developing and reviewing drafts of the New Business Model Agreement, the Amended and Restated Wholesale Power Contracts and the Member Agreement. Oglethorpe is also reviewing drafts of these documents with RUS, whose approval of certain of these arrangements must be obtained before they can be finalized. Oglethorpe would hope to have RUS review of certain of these documents complete by year-end or early 2003, with the Members expected to execute and deliver the New Business Model Agreement after completion of RUS review. The closing under the New Business Model Agreement of the acquisition of the Talbot and Chattahoochee generating facilities and the delivery of the Amended and Restated Wholesale Power Contracts and Member Agreement would take place when funding under the recently approved RUS loans occurs. The RUS loan commitments are subject to the development and execution of final documentation and the satisfaction of other conditions. Oglethorpe currently expects that these conditions can be satisfied so that RUS funding would occur on or before June 30, 2003, but funding could take longer. 6 While it is Oglethorpe's current expectation that the Talbot and Chattahoochee generating facilities will be acquired by Oglethorpe and financed by RUS, Oglethorpe cannot state with certainty that RUS loan conditions can be satisfied or that the Members will agree to and execute and deliver the New Business Model Agreement, the Amended and Restated Wholesale Power Contracts and the Member Agreement. In the event that these conditions are not satisfied, Talbot EMC and Chattahoochee EMC would continue to own their respective generating facilities and seek permanent financing from other sources. Effect of Acquisition of Talbot and Chattahoochee Facilities As discussed in the Form 10-Q for the quarter ended June 30, 2002, the acquisition of the Talbot and Chattahoochee generating facilities would increase the assets and liabilities reported on Oglethorpe's balance sheet by approximately $600,000,000. In addition, the funding of the RUS loans would increase the amount of debt secured under the Mortgage Indenture by the same amount. This would have the effect of decreasing Oglethorpe's equity to capitalization ratio and equity to asset ratio from approximately 12% and 9%, respectively, each as of June 30, 2002, to 10% and 8%, respectively, after giving effect to the additional debt. The Mortgage Indenture requires Oglethorpe to establish and collect rates reasonably expected to yield Margins for Interest for each fiscal year equal to at least 1.10 times Interest Charges for such period (the "Margins for Interest Ratio"). See "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Summary of Critical Accounting Policies and Cooperative Operations - Margins and Patronage Capital and - Rates and Regulation" in Item 7 in the Annual Report on Form 10-K for the year ended December 31, 2001. As a result of the increased Interest Charges from the additional debt incurred to acquire the Talbot and Chattahoochee generating facilities, Oglethorpe's required Margins for Interest, based on current interest rates on RUS loans, would increase by approximately $3,500,000 in the first year, and would decrease thereafter as Interest Charges decrease. The cost of capacity and energy relating to these generating facilities would be recovered in rates pursuant to the terms of the proposed Amended and Restated Wholesale Power Contracts just as the costs of Oglethorpe's other resources are recovered. Future Role of Oglethorpe Whether or not these new arrangements are implemented, Oglethorpe will continue to own, operate, manage and control its existing resources, including generating facilities and purchased power resources. None of the proposed new arrangements would limit or restrict Oglethorpe in such activities. Oglethorpe would acquire future resources only if approved as provided in the existing Wholesale Power Contracts or the proposed Amended and Restated Wholesale Power Contracts, as the case may be. Oglethorpe also will continue to manage the generating facilities of Smarr EMC. See "OGLETHORPE POWER CORPORATION - Relationships with Smarr EMC, Talbot EMC and Chattahoochee EMC" in Item 1 of the Annual Report on Form 10-K for the year ended December 31, 2001. If the RUS loans and new arrangements are closed, Oglethorpe will own and operate the Talbot and Chattahoochee generating facilities, and on or before March 31, 2005, discontinue operating its capacity and energy pool, providing natural gas hedging services and providing power supply planning services. If the RUS loans and new arrangements are not closed, Oglethorpe would not acquire the Talbot and Chattahoochee generating facilities, but would continue to manage those facilities under existing management contracts. See "OGLETHORPE POWER CORPORATION - Relationships with Smarr EMC, Talbot EMC and Chattahoochee EMC" in Item 1 of the Annual Report on Form 10-K for the year ended December 31, 2001. Additionally, if reduced Member participation in the capacity and energy pool and reduced Member demand for natural gas hedging and power supply planning services continued, Oglethorpe would expect to stop providing these services, although it would not be contractually obligated to do so. 7 Potential System Operation Changes As Oglethorpe has worked with Georgia System Operations Corporation ("GSOC") in the implementation of separate scheduling elections by Members, a need to consider changes in the relationships among Oglethorpe, GSOC and the Members has been recognized. GSOC, Oglethorpe and the Members are beginning a process of evaluating how GSOC implements the system of multi-pool operations that is necessary to permit Members to schedule energy from Oglethorpe's resources. This evaluation could result in changes in the Operation Services Agreement between Oglethorpe and GSOC, as well as changes in the contractual relationships among GSOC and the Members. Member Memorandum of Understanding One of Oglethorpe's Members, Cobb EMC, has provided Oglethorpe a copy of a Memorandum of Understanding between it and another of Oglethorpe's Members, Diverse Power Incorporated ("Diverse Power"), formerly known as Troup EMC, entered into in September 2002. The Memorandum of Understanding calls for the two Members to use their best efforts to enter into definitive agreements for a proposed transaction in which Cobb EMC would assume Diverse Power's rights and obligations under its Wholesale Power Contract with Oglethorpe beginning April 1, 2005. In consideration, Diverse Power would assume Cobb EMC's rights and obligations regarding allocations of hydroelectric power from the Southeastern Power Administration on the same date. See "THE MEMBERS AND THEIR POWER SUPPLY RESOURCES - Member Power Supply Resources - Contracts with SEPA" in Item 1 of the Annual Report on Form 10-K for the year ended December 31, 2001. Among other elements of the proposed transaction, Diverse Power has a stated objective of being relieved of all liability under its Wholesale Power Contract with Oglethorpe. The Memorandum of Understanding has not been approved by the board of either of the Members. Neither of the Members has asked Oglethorpe to take any action with respect to the Memorandum of Understanding. Oglethorpe has existing provisions for a Member to withdraw and to assign its rights and obligations under its Wholesale Power Contract with Oglethorpe to another person. These provisions require the assignee to have certain published credit ratings and to assume all of the withdrawing Member's obligations under its Wholesale Power Contract with Oglethorpe. Any such assignment must be approved by Oglethorpe's Board of Directors. Diverse Power has not asked to withdraw from Oglethorpe in accordance with these procedures. In 2001, Diverse Power represented approximately 1.5 percent, and Cobb EMC represented approximately 11.7 percent, of Oglethorpe's revenues from Members. Oglethorpe cannot predict whether Diverse Power will request to withdraw or whether the two Members will request that Oglethorpe take any action with respect to the transaction as proposed in the Memorandum of Understanding. Operating Revenues and Expenses For the months of July and August of 2002, total operating revenues and net margin were less than the corresponding months of 2001 by $12.4 million and $5.3 million, respectively. The $5.3 million difference in net margin is explained by the fact that Oglethorpe was approximately $5.7 million under budget on capacity expenses (net of capacity revenues which were over budget) in July and August of 2001 while it was approximately $400,000 net under budget on these items in the 2002 period. In both periods, these items included capacity revenues, fixed operation and maintenance expenses at Oglethorpe's nuclear plants, purchased capacity charges and interest income and expense. Of the $12.4 million difference in total operating revenues, approximately $10 million is attributable to both a higher fixed cost budget and higher than budgeted fixed costs in the 2001 period compared to 2002. The remaining approximately $2.4 million difference is attributable to lower average energy costs in the 2002 period compared to 2001. As explained above and in "Management's Discussions and Analysis of Financial Condition and Results of Operations - Summary of Critical Accounting Policies and Cooperative Operations - Margins and Patronage Capital and - Rates and Regulation" in Item 7 of the Annual Report on Form 10-K for the year ended December 31, 2001, the rate schedule to Oglethorpe's Wholesale Power Contracts provides for budget adjustments from time to time throughout the year to assure that Oglethorpe's rates yield an annual Margins for Interest Ratio of 1.10. Budget adjustments subsequent to August of 2001 ultimately resulted in Oglethorpe achieving a Margins for Interest Ratio of 1.10 for 2001. Through August 2002, Oglethorpe estimates that it has collected total operating revenues of approximately $10.5 million more than required to achieve a Margins for Interest Ratio of 1.10 for the year ending December 31, 2002. 8 FORWARD-LOOKING STATEMENTS This report may contain forward-looking statements regarding matters that could have an impact on our business, financial condition and future operations. These statements, based on our expectations and estimates, are not guarantees of future performance and are subject to risks, uncertainties, and other factors that could cause actual events or results to differ materially from those expressed in the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, general business conditions, increased competition in the electric utility industry, changes in our tax status, demand for power, federal and state legislative and regulatory actions and legal and administrative proceedings, and unanticipated changes in operating expenses and capital expenditures. Any forward-looking statement speaks only as of the date on which the statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which the statement is made even if new information becomes available or other events occur in the future. 9 Item 7. Financial Statements and Exhibits. ---------------------------------- (a) Financial Statements of Business Acquired Not applicable (b) Pro Forma Financial Information Not applicable (c) Exhibits 99. Member Financial and Statistical Information 10 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OGLETHORPE POWER CORPORATION (AN ELECTRIC MEMBERSHIP CORPORATION) Date: October 16, 2002 By:/s/ Thomas A. Smith ---------------- ------------------- Thomas A. Smith President and Chief Executive Officer (Principal Executive Officer) 11 EXHIBIT INDEX Exhibit Number Page Number -------------- ----------- 99 13 12 Exhibit 99 MEMBER FINANCIAL AND STATISTICAL INFORMATION Oglethorpe's Members operate their systems on a not-for-profit basis. Accumulated margins derived after payment of operating expenses and provision for depreciation constitute patronage capital of the consumers of the Members. Refunds of accumulated patronage capital to the individual consumers may be made from time to time subject to limitations contained in mortgages between the Members and RUS or loan documents with other lenders. For those Members receiving loans from RUS since 1995, the new form of RUS mortgage generally prohibits such distributions unless, after any such distribution, the Member's total equity will equal at least 30% of its total assets, except that distributions may be made of up to 25% of the margins and patronage capital received by the Member in the preceding year provided that equity is at least 20%. To the extent a Member has not obtained a new loan from RUS since 1995, the old form of RUS mortgage generally prohibits such distributions unless, after any such distribution, the Member's total equity will equal at least 40% of its total assets, except that distributions may be made of up to 25% of the margins and patronage capital received by the Member in the preceding year. Oglethorpe is a membership corporation, and the Members are not subsidiaries of Oglethorpe. Except with respect to the obligations of the Members under each Member's Wholesale Power Contract with Oglethorpe and Oglethorpe's rights under such contracts to receive payment for power and energy supplied, Oglethorpe has no legal interest in, or obligations in respect of, any of the assets, liabilities, equity, revenues or margins of the Members. The following selected information on the individual Members is intended to show, in the aggregate, the assets, liabilities, equity, revenues and margins of the Members. Member assets, liabilities, equity, revenues and margins should not, however, be attributed to Oglethorpe itself. In addition, the revenues of the Members are not pledged to Oglethorpe, but such revenues are received by the respective Members and are the source from which moneys are derived by the Members to pay for power and energy received from Oglethorpe. Revenues of the Members are, however, pledged under their respective RUS mortgages or loan documents with other lenders. The information contained in these Tables was taken from RUS Financial and Statistical Reports (RUS Form 7) or similar reports prepared for other lenders or provided directly by a Member. This information has not been independently verified by RUS, any lender, Oglethorpe or the Underwriters. The "Total" columns for all these years were not supplied or compiled by RUS, any lender or the Members. The "Total" column in each table is for informational purposes only, inasmuch as each Member operates independently and is not responsible for the obligations of other Members. For the calendar years 1999, 2000 and 2001, the information on the individual Members is presented in the succeeding tables as follows: Table 1, selected statistics; Table 2, average number of consumers served; Table 3, annual MWh sales by consumer class; Table 4, annual revenues by consumer class; Table 5, summary of operating results; and Table 6, condensed balance sheet information. 13 OGLETHORPE POWER CORPORATION MEMBER FINANCIAL AND STATISTICAL INFORMATION Table 1 SELECTED STATISTICS OF EACH MEMBER (as of December 31)
Central Altamaha Amicalola Canoochee Carroll Georgia -------- --------- --------- ------- ------- 2001 ---- Avg. Monthly Residential Rev.($) 91.54 90.66 94.07 84.46 90.09 Avg. Monthly Residential kWh 1,091 992 1,157 992 1,148 Avg. Residential Rev.(cents per kWh) 8.39 9.14 8.13 8.52 7.84 Times Interest Earned Ratio 2.37 1.98 2.31 1.59 2.00 Equity/Assets 61.1% 30.8% 47.6% 35.1% 35.8% Equity/Total Capitalization 64.3% 35.2% 52.9% 41.9% 43.2% 2000 ---- Avg. Monthly Residential Rev.($) 90.82 90.10 97.08 83.16 90.78 Avg. Monthly Residential kWh 1,104 988 1,163 984 1,159 Avg. Residential Rev.(cents per kWh) 8.23 9.12 8.35 8.45 7.83 Times Interest Earned Ratio 1.62 1.38 1.67 1.37 2.01 Equity/Assets 59.0% 32.2% 46.1% 36.7% 37.9% Equity/Total Capitalization 62.9% 37.9% 51.4% 44.4% 47.5% 1999 ---- Avg. Monthly Residential Rev.($) 90.12 84.03 94.60 81.16 81.90 Avg. Monthly Residential kWh 1,067 947 1,115 955 1,039 Avg. Residential Rev.(cents per kWh) 8.44 8.87 8.48 8.50 7.89 Times Interest Earned Ratio 2.69 1.57 2.10 1.69 2.27 Equity/Assets 59.4% 32.3% 46.7% 38.9% 41.9% Equity/Total Capitalization 62.0% 36.6% 50.8% 47.2% 49.1% Coweta- Coastal Cobb Colquitt Fayette Excelsior ------- ---- -------- ------- --------- 2001 ---- Avg. Monthly Residential Rev.($) 102.85 97.05 91.33 100.91 87.72 Avg. Monthly Residential kWh 1,210 1,086 1,189 1,154 1,238 Avg. Residential Rev.(cents per kWh) 8.50 8.94 7.68 8.74 7.08 Times Interest Earned Ratio 1.83 2.19 2.27 1.67 1.59 Equity/Assets 31.9% 32.5% 48.6% 28.2% 43.5% Equity/Total Capitalization 34.4% 39.2% 54.6% 34.0% 49.2% 2000 ---- Avg. Monthly Residential Rev.($) 101.75 99.86 90.81 99.93 87.39 Avg. Monthly Residential kWh 1,216 1,134 1,204 1,175 1,239 Avg. Residential Rev.(cents per kWh) 8.37 8.81 7.54 8.50 7.05 Times Interest Earned Ratio 1.70 2.04 2.10 1.34 1.58 Equity/Assets 28.7% 33.4% 50.1% 28.4% 44.9% Equity/Total Capitalization 31.6% 39.8% 55.2% 38.5% 49.7% 1999 ---- Avg. Monthly Residential Rev.($) 97.82 99.66 90.21 94.86 84.75 Avg. Monthly Residential kWh 1,160 1,114 1,185 1,120 1,179 Avg. Residential Rev.(cents per kWh) 8.44 8.95 7.61 8.47 7.19 Times Interest Earned Ratio 1.53 2.90 2.41 1.69 2.17 Equity/Assets 29.4% 35.3% 51.1% 29.3% 45.6% Equity/Total Capitalization 31.7% 39.9% 55.5% 37.3% 49.5%
Table 1 (continued)
Middle Okefe- Georgia Mitchell Ocmulgee Oconee noke ------- -------- -------- ------ ---- 2001 ---- Avg. Monthly Residential Rev.($) 99.48 100.56 84.96 91.04 103.38 Avg. Monthly Residential kWh 1,269 1,221 973 1,063 1,221 Avg. Residential Rev.(cents per kWh) 7.84 8.24 8.73 8.57 8.46 Times Interest Earned Ratio 1.57 2.61 2.18 1.31 2.03 Equity/Assets 44.4% 62.5% 44.1% 38.2% 37.5% Equity/Total Capitalization 51.2% 69.7% 48.1% 43.4% 42.2% 2000 ---- Avg. Monthly Residential Rev.($) 96.30 101.94 83.06 90.35 103.52 Avg. Monthly Residential kWh 1,249 1,274 974 1,062 1,253 Avg. Residential Rev.(cents per kWh) 7.71 8.00 8.53 8.50 8.26 Times Interest Earned Ratio 1.30 2.26 1.68 1.38 1.82 Equity/Assets 44.8% 62.6% 44.8% 37.4% 35.0% Equity/Total Capitalization 48.3% 68.6% 49.7% 43.3% 41.5% 1999 ---- Avg. Monthly Residential Rev.($) 98.24 101.60 82.09 89.95 97.69 Avg. Monthly Residential kWh 1,203 1,268 939 1,021 1,204 Avg. Residential Rev.(cents per kWh) 8.16 8.01 8.74 8.81 8.11 Times Interest Earned Ratio 1.79 2.35 2.29 1.41 1.84 Equity/Assets 45.7% 59.6% 46.5% 41.0% 34.5% Equity/Total Capitalization 48.8% 66.3% 51.0% 47.9% 40.6% Pataula Planters Rayle Satilla Sawnee ------- -------- ----- ------- ------ 2001 ---- Avg. Monthly Residential Rev.($) 66.29 91.13 85.13 96.86 105.07 Avg. Monthly Residential kWh 802 1,211 975 1,220 1,150 Avg. Residential Rev.(cents per kWh) 8.26 7.53 8.73 7.94 9.13 Times Interest Earned Ratio 2.65 2.22 1.76 1.80 1.82 Equity/Assets 53.7% 52.2% 38.8% 46.8% 29.0% Equity/Total Capitalization 56.3% 61.4% 41.6% 57.3% 32.6% 2000 ---- Avg. Monthly Residential Rev.($) 66.36 90.97 85.77 93.53 101.02 Avg. Monthly Residential kWh 817 1,219 979 1,211 1,173 Avg. Residential Rev.(cents per kWh) 8.12 7.46 8.76 7.73 8.61 Times Interest Earned Ratio 2.55 1.99 1.51 1.77 1.59 Equity/Assets 55.2% 53.9% 39.5% 49.3% 29.0% Equity/Total Capitalization 58.6% 62.4% 42.8% 56.1% 32.2% 1999 ---- Avg. Monthly Residential Rev.($) 65.53 88.17 82.62 91.43 95.55 Avg. Monthly Residential kWh 785 1,175 936 1,170 1,137 Avg. Residential Rev.(cents per kWh) 8.35 7.50 8.83 7.82 8.41 Times Interest Earned Ratio 2.13 2.32 1.90 2.67 1.91 Equity/Assets 55.6% 54.8% 41.3% 53.6% 29.5% Equity/Total Capitalization 59.7% 61.3% 44.2% 58.9% 32.5%
Table 1 (continued)
Flint Grady GreyStone Habersham Hart ----- ----- --------- --------- ---- 2001 ---- Avg. Monthly Residential Rev.($) 100.30 101.28 84.50 76.72 83.35 Avg. Monthly Residential kWh 1,279 1,115 1,125 956 1,034 Avg. Residential Rev.(cents per kWh) 7.84 9.08 7.51 8.03 8.06 Times Interest Earned Ratio 2.32 2.45 2.71 2.02 2.27 Equity/Assets 39.7% 45.2% 37.0% 40.9% 43.0% Equity/Total Capitalization 43.2% 53.9% 45.2% 50.3% 48.7% 2000 ---- Avg. Monthly Residential Rev.($) 98.29 99.05 85.57 76.03 81.31 Avg. Monthly Residential kWh 1,280 1,166 1,146 959 1,038 Avg. Residential Rev.(cents per kWh) 7.68 8.50 7.46 7.93 7.83 Times Interest Earned Ratio 1.88 2.01 1.45 1.76 1.57 Equity/Assets 39.7% 47.8% 37.2% 41.2% 44.9% Equity/Total Capitalization 43.6% 59.6% 40.4% 54.6% 51.4% 1999 ---- Avg. Monthly Residential Rev.($) 93.53 93.39 84.51 75.75 78.89 Avg. Monthly Residential kWh 1,238 1,116 1,122 937 1,006 Avg. Residential Rev.(cents per kWh) 7.55 8.37 7.53 8.08 7.85 Times Interest Earned Ratio 1.98 4.08 2.18 2.17 2.07 Equity/Assets 39.7% 32.6% 39.2% 43.2% 44.2% Equity/Total Capitalization 43.8% 58.1% 42.1% 53.3% 50.1% Little Irwin Jackson Jefferson Lamar Ocmulgee ----- ------- --------- ----- -------- 2001 ---- Avg. Monthly Residential Rev.($) 109.06 89.50 98.49 94.51 84.87 Avg. Monthly Residential kWh 1,095 1,137 1,110 1,148 997 Avg. Residential Rev.(cents per kWh) 9.96 7.87 8.87 8.23 8.52 Times Interest Earned Ratio 1.98 2.05 2.23 2.69 1.69 Equity/Assets 31.2% 33.8% 33.2% 46.8% 37.4% Equity/Total Capitalization 33.3% 39.8% 39.2% 52.9% 42.3% 2000 ---- Avg. Monthly Residential Rev.($) 105.38 85.86 98.76 95.04 84.63 Avg. Monthly Residential kWh 1,122 1,168 1,141 1,155 1,005 Avg. Residential Rev.(cents per kWh) 9.39 7.35 8.65 8.23 8.42 Times Interest Earned Ratio 1.53 1.78 1.71 1.34 1.43 Equity/Assets 31.1% 33.7% 31.4% 47.6% 36.9% Equity/Total Capitalization 35.9% 41.5% 46.9% 54.7% 40.6% 1999 ---- Avg. Monthly Residential Rev.($) 102.78 83.72 94.16 91.21 81.72 Avg. Monthly Residential kWh 1,093 1,123 1,095 1,120 974 Avg. Residential Rev.(cents per kWh) 9.41 7.46 8.60 8.14 8.39 Times Interest Earned Ratio 2.06 2.22 1.55 3.04 1.69 Equity/Assets 33.9% 35.6% 33.8% 52.8% 38.3% Equity/Total Capitalization 36.7% 41.1% 44.9% 61.4% 41.3%
Table 1 (continued)
Slash Snapping Three Tri- Pine Shoals Sumter Notch County ---- ------ ------ ----- ------ 2001 ---- Avg. Monthly Residential Rev.($) 95.31 95.58 112.54 93.60 89.39 Avg. Monthly Residential kWh 1,194 1,232 1,381 1,089 1,105 Avg. Residential Rev.(cents per kWh) 7.98 7.76 8.15 8.59 8.09 Times Interest Earned Ratio 2.28 1.74 2.46 1.99 1.87 Equity/Assets 43.1% 37.8% 40.8% 44.0% 37.1% Equity/Total Capitalization 51.2% 45.3% 45.2% 48.1% 46.6% 2000 ---- Avg. Monthly Residential Rev.($) 93.83 99.47 112.93 87.86 91.05 Avg. Monthly Residential kWh 1,216 1,253 1,428 1,083 1,122 Avg. Residential Rev.(cents per kWh) 7.72 7.94 7.91 8.11 8.12 Times Interest Earned Ratio 1.82 2.14 2.31 1.35 1.58 Equity/Assets 41.4% 38.0% 42.0% 42.4% 38.6% Equity/Total Capitalization 49.1% 43.0% 46.2% 51.8% 45.0% 1999 ---- Avg. Monthly Residential Rev.($) 93.74 92.45 109.19 83.38 87.42 Avg. Monthly Residential kWh 1,162 1,203 1,360 1,038 1,056 Avg. Residential Rev.(cents per kWh) 8.07 7.68 8.03 8.03 8.28 Times Interest Earned Ratio 1.98 2.27 1.91 2.10 2.07 Equity/Assets 42.2% 39.3% 42.4% 26.7% 40.9% Equity/Total Capitalization 48.0% 44.7% 47.7% 47.8% 50.2% Upson MEMBER Troup (2) County Walton Washington TOTAL --------- ------ ------ ---------- ----- 2001 ---- Avg. Monthly Residential Rev.($) 104.44 82.59 95.99 90.39 94.25 Avg. Monthly Residential kWh 1,293 1,019 1,226 1,018 1,141 Avg. Residential Rev.(cents per kWh) 8.08 8.11 7.83 8.88 8.26 Times Interest Earned Ratio 1.44 3.37 1.75 1.61 2.02 (1) Equity/Assets 56.6% 52.8% 27.8% 51.1% 37.2% (1) Equity/Total Capitalization 2000 ---- 61.4% 58.6% 31.1% 55.1% 43.0% (1) Avg. Monthly Residential Rev.($) 100.37 80.98 98.94 90.49 93.81 Avg. Monthly Residential kWh 1,293 999 1,258 1,036 1,162 Avg. Residential Rev.(cents per kWh) 7.76 8.11 7.86 8.74 8.08 Times Interest Earned Ratio 1.42 3.48 1.55 1.57 1.75 (1) Equity/Assets 54.8% 53.3% 27.1% 49.4% 37.5% (1) Equity/Total Capitalization 60.2% 59.7% 30.3% 53.6% 43.6% (1) 1999 ---- Avg. Monthly Residential Rev.($) 94.63 79.24 96.62 88.36 90.77 Avg. Monthly Residential kWh 1,233 972 1,223 1,003 1,122 Avg. Residential Rev.(cents per kWh) 7.68 8.15 7.90 8.81 8.09 Times Interest Earned Ratio 2.92 3.50 2.47 1.76 2.22 (1) Equity/Assets 54.2% 56.3% 43.8% 52.7% 39.6% (1) Equity/Total Capitalization 58.9% 63.1% 54.2% 56.7% 45.7% (1) ---------- (1) Weighted Average. (2) Now known as Diverse Power Incorporated
OGLETHORPE POWER CORPORATION MEMBER FINANCIAL AND STATISTICAL INFORMATION Table 2 AVERAGE NUMBER OF CONSUMERS SERVED BY EACH MEMBER
Central Altamaha Amicalola Canoochee Carroll Georgia -------- --------- --------- ------- ------- 2001 ---- Residential Service 16,109 31,843 16,622 39,732 33,898 Commercial & Industrial 1,548 3,304 262 2,027 2,193 Other 95 7 192 374 63 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 17,752 35,154 17,076 42,133 36,154 ================================================================================================================== 2000 ---- Residential Service 15,796 30,590 16,533 37,769 32,332 Commercial & Industrial 1,485 3,060 242 1,919 2,090 Other 91 7 141 373 52 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 17,371 33,657 16,916 40,062 34,474 ================================================================================================================== 1999 ---- Residential Service 15,469 29,947 16,164 35,846 33,207 Commercial & Industrial 1,414 2,026 242 1,815 1,922 Other 88 7 141 367 47 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 16,972 31,980 16,547 38,028 35,177 ================================================================================================================== Coweta- Coastal Cobb Colquitt Fayette Excelsior ------- ---- -------- ------- --------- 2001 ---- Residential Service 11,204 145,119 47,341 54,649 17,142 Commercial & Industrial 1,354 10,517 2,398 3,477 1,104 Other 123 5,055 1,500 342 212 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 12,681 160,691 51,239 58,468 18,458 ================================================================================================================== 2000 ---- Residential Service 10,818 140,497 46,475 52,174 16,831 Commercial & Industrial 1,306 9,846 2,280 3,137 1,049 Other 83 4,385 1,439 302 209 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 12,207 154,729 50,194 55,613 18,089 ================================================================================================================== 1999 ---- Residential Service 10,442 134,001 45,411 50,828 16,485 Commercial & Industrial 1,192 8,957 2,148 2,823 996 Other 84 3,663 1,376 273 195 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 11,717 146,622 48,934 53,923 17,676 ==================================================================================================================
Table 2 (continued)
Middle Okefe- Georgia Mitchell Ocmulgee Oconee noke ------- -------- -------- ------ ---- 2001 ---- Residential Service 4,573 20,035 9,893 11,037 25,942 Commercial & Industrial 1,539 934 559 603 1,675 Other 558 1,266 356 152 326 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 6,670 22,235 10,808 11,791 27,943 ================================================================================================================== 2000 ---- Residential Service 4,528 19,777 9,747 10,924 25,235 Commercial & Industrial 1,542 908 538 515 1,603 Other 542 1,226 351 152 303 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 6,611 21,911 10,636 11,590 27,141 ================================================================================================================== 1999 ---- Residential Service 4,441 19,394 9,589 10,730 24,398 Commercial & Industrial 1,536 896 508 443 1,545 Other 511 1,130 338 157 293 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 6,487 21,420 10,436 11,331 26,235 ================================================================================================================== Pataula Planters Rayle Satilla Sawnee ------- -------- ----- ------- ------ 2001 ---- Residential Service 4,444 14,128 15,758 43,644 99,663 Commercial & Industrial 209 525 1,232 2,149 9,168 Other 165 507 0 1,182 2,543 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 4,818 15,160 16,991 46,975 111,374 ================================================================================================================== 2000 ---- Residential Service 4,392 13,916 15,390 43,081 93,861 Commercial & Industrial 211 513 1,235 2,024 8,268 Other 156 489 0 1,104 2,448 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 4,759 14,918 16,625 46,209 104,578 ================================================================================================================== 1999 ---- Residential Service 4,303 13,676 15,016 42,266 87,447 Commercial & Industrial 218 511 1,176 1,895 7,413 Other 138 461 0 1,028 2,245 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 4,658 14,647 16,192 45,189 97,105 ==================================================================================================================
Table 2 (continued)
Flint Grady GreyStone Habersham Hart ----- ----- --------- --------- ---- 2001 ---- Residential Service 55,983 16,178 74,904 26,571 26,943 Commercial & Industrial 7,147 375 6,637 2,087 5,336 Other 599 595 629 7 4 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 63,728 17,148 82,170 28,665 32,283 ================================================================================================================== 2000 ---- Residential Service 54,563 15,575 70,695 25,617 26,466 Commercial & Industrial 7,024 380 6,108 2,053 5,069 Other 579 455 559 15 3 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 62,166 16,411 77,362 27,684 31,538 ================================================================================================================== 1999 ---- Residential Service 52,670 15,161 66,980 24,568 25,772 Commercial & Industrial 6,835 387 5,657 1,936 4,841 Other 576 458 457 15 3 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 60,081 16,006 73,094 26,519 30,616 ================================================================================================================== Little Irwin Jackson Jefferson Lamar Ocmulgee ----- ------- --------- ----- -------- 2001 ---- Residential Service 10,043 144,996 29,827 14,922 9,485 Commercial & Industrial 133 10,394 566 925 93 Other 673 2,213 91 10 291 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 10,849 157,603 30,484 15,857 9,869 ================================================================================================================== 2000 ---- Residential Service 10,036 137,182 29,692 14,439 9,370 Commercial & Industrial 143 9,470 461 895 90 Other 608 2,009 65 10 292 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 10,786 148,661 30,219 15,343 9,752 ================================================================================================================== 1999 ---- Residential Service 9,874 129,974 29,132 13,937 9,160 Commercial & Industrial 126 8,804 450 848 85 Other 534 1,847 64 9 288 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 10,534 140,625 29,645 14,794 9,534 ==================================================================================================================
Slash Snapping Three Tri- Pine Shoals Sumter Notch County ---- ------ ------ ----- ------ 2001 ---- Residential Service 6,300 63,231 13,228 11,937 16,224 Commercial & Industrial 294 3,824 4,061 548 1,267 Other 130 0 158 425 0 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 6,724 67,055 17,447 12,910 17,491 ================================================================================================================== Table 2 (continued) 2000 ---- Residential Service 6,195 59,161 12,690 12,177 15,758 Commercial & Industrial 288 3,560 4,336 565 1,180 Other 125 0 150 393 0 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 6,608 62,721 17,176 13,134 16,938 ================================================================================================================== 1999 ---- Residential Service 6,002 55,526 12,438 12,069 15,355 Commercial & Industrial 283 3,267 4,197 570 1,119 Other 123 0 139 357 0 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 6,408 58,793 16,774 12,996 16,474 ================================================================================================================== Upson MEMBER Troup (1) County Walton Washington TOTAL --------- ------ ------ ---------- ----- 2001 ---- Residential Service 21,702 7,773 87,294 13,490 1,313,805 Commercial & Industrial 2,752 976 5,961 500 100,651 Other 167 105 1,362 19 22,494 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 24,620 8,854 94,617 14,009 1,436,951 ================================================================================================================== 2000 ---- Residential Service 21,149 7,761 83,476 13,250 1,265,916 Commercial & Industrial 2,602 872 5,788 505 95,159 Other 164 105 1,299 18 20,704 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 23,915 8,739 90,563 13,773 1,381,779 ================================================================================================================== 1999 ---- Residential Service 20,616 7,673 79,228 12,935 1,218,130 Commercial & Industrial 2,492 752 5,398 507 88,226 Other 169 104 1,256 23 18,964 ------------------------------------------------------------------------------------------------------------------ Total Consumers Served 23,277 8,528 85,882 13,464 1,325,320 ================================================================================================================== ---------- (1) Now known as Diverse Power Incorporated
OGLETHORPE POWER CORPORATION MEMBER FINANCIAL AND STATISTICAL INFORMATION Table 3 ANNUAL MWh SALES BY CONSUMER CLASS OF EACH MEMBER
Central Altamaha Amicalola Canoochee Carroll Georgia -------- --------- --------- ------- ------- 2001 ---- Residential Service 210,826 378,960 230,803 472,882 467,159 Commercial & Industrial 368,669 66,947 83,723 312,560 207,819 Other 2,953 125 4,250 5,744 495 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 582,448 446,032 318,776 791,186 675,473 ================================================================================================================== 2000 ---- Residential Service 209,272 362,780 230,781 446,128 449,733 Commercial & Industrial 291,610 64,020 82,419 324,265 189,908 Other 2,766 123 2,861 5,770 458 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 503,647 426,922 316,060 776,163 640,098 ================================================================================================================== 1999 ---- Residential Service 198,108 340,388 216,313 410,748 413,878 Commercial & Industrial 248,361 54,902 79,340 311,774 161,679 Other 2,752 112 3,506 5,074 383 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 449,221 395,402 299,159 727,597 575,941 ================================================================================================================== Coweta- Coastal Cobb Colquitt Fayette Excelsior ------- ---- -------- ------- --------- 2001 ---- Residential Service 162,744 1,890,997 675,249 757,023 254,707 Commercial & Industrial 101,025 1,065,914 781,340 287,986 59,550 Other 1,993 129,957 49,603 9,679 4,141 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 265,762 3,086,869 1,506,193 1,054,688 318,398 ================================================================================================================== 2000 ---- Residential Service 157,889 1,911,590 671,241 735,733 250,343 Commercial & Industrial 95,465 995,865 737,209 274,722 59,979 Other 1,137 122,513 99,720 7,217 4,151 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 254,490 3,029,968 1,508,170 1,017,673 314,473 ================================================================================================================== 1999 ---- Residential Service 145,298 1,790,651 645,846 682,920 233,178 Commercial & Industrial 77,909 882,055 668,068 255,972 54,658 Other 1,031 115,847 94,177 6,717 3,784 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 224,238 2,788,554 1,408,090 945,610 291,619 ==================================================================================================================
Table 3 (continued)
Middle Okefe- Georgia Mitchell Ocmulgee Oconee noke ------- -------- -------- ------ ---- 2001 ---- Residential Service 69,612 293,521 115,548 140,725 380,249 Commercial & Industrial 29,275 64,726 33,872 88,087 51,009 Other 5,507 31,092 3,134 2,158 13,920 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 104,393 389,339 152,554 230,970 445,178 ================================================================================================================== 2000 ---- Residential Service 67,875 302,365 113,916 139,272 379,477 Commercial & Industrial 27,894 62,338 33,796 98,923 51,968 Other 7,446 34,741 4,414 3,184 13,559 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 103,215 399,443 152,125 241,379 445,004 ================================================================================================================== 1999 ---- Residential Service 64,127 295,173 108,038 131,458 352,523 Commercial & Industrial 27,176 58,761 32,318 84,551 51,979 Other 6,128 27,761 4,281 2,637 11,764 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 97,431 381,695 144,637 218,646 416,265 ================================================================================================================== Pataula Planters Rayle Satilla Sawnee ------- -------- ----- ------- ------ 2001 ---- Residential Service 42,776 205,234 184,424 638,907 1,375,873 Commercial & Industrial 35,838 17,397 32,630 237,258 667,219 Other 7,525 7,268 0 16,994 24,254 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 86,139 229,899 217,055 893,159 2,067,345 ================================================================================================================== 2000 ---- Residential Service 43,079 203,553 180,764 625,933 1,321,743 Commercial & Industrial 33,939 16,436 30,620 223,165 615,129 Other 8,584 7,630 0 17,420 23,432 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 85,602 227,620 211,384 866,517 1,960,303 ================================================================================================================== 1999 ---- Residential Service 40,540 192,806 168,672 593,205 1,192,804 Commercial & Industrial 30,806 13,981 31,132 202,986 539,716 Other 6,330 4,814 0 21,350 20,730 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 77,675 211,602 199,804 817,542 1,753,250 ==================================================================================================================
Table 3 (continued)
Flint Grady GreyStone Habersham Hart ----- ----- --------- --------- ---- 2001 ---- Residential Service 859,109 216,442 1,011,049 304,700 334,217 Commercial & Industrial 415,219 18,924 613,798 79,767 131,808 Other 23,998 11,050 6,566 84 3,221 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 1,298,326 246,416 1,631,413 384,551 469,246 ================================================================================================================== 2000 ---- Residential Service 837,812 217,902 972,582 294,809 329,633 Commercial & Industrial 419,063 19,122 549,201 76,034 129,826 Other 23,835 12,334 5,711 100 1,641 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 1,280,709 249,358 1,527,494 370,943 461,101 ================================================================================================================== 1999 ---- Residential Service 782,739 203,034 901,823 276,263 310,969 Commercial & Industrial 393,546 19,289 488,036 67,912 120,859 Other 22,844 11,631 5,102 100 61 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 1,199,128 233,954 1,394,961 344,275 431,889 ================================================================================================================== Little Irwin Jackson Jefferson Lamar Ocmulgee ----- ------- --------- ----- -------- 2001 ---- Residential Service 132,009 1,978,615 397,265 205,578 113,424 Commercial & Industrial 18,270 1,391,541 67,812 47,212 40,230 Other 10,365 144,504 7,154 3,771 3,536 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 160,644 3,514,660 472,230 256,562 157,190 ================================================================================================================== 2000 ---- Residential Service 135,084 1,922,139 406,672 200,080 113,005 Commercial & Industrial 19,540 1,335,449 65,773 46,292 34,954 Other 11,224 126,277 6,181 3,642 4,322 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 165,849 3,383,866 478,626 250,014 152,280 ================================================================================================================== 1999 ---- Residential Service 129,482 1,751,435 382,849 187,367 107,057 Commercial & Industrial 19,545 1,185,203 56,995 44,267 28,514 Other 8,482 117,875 5,770 3,594 4,509 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 157,508 3,054,513 445,614 235,228 140,080 ==================================================================================================================
Slash Snapping Three Tri- Pine Shoals Sumter Notch County ---- ------ ------ ----- ------ 2001 ---- Residential Service 90,299 934,648 219,180 156,029 215,171 Commercial & Industrial 40,491 313,422 73,082 21,527 67,608 Other 4,942 0 6,926 14,579 0 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 135,731 1,248,070 299,188 192,136 282,778 ================================================================================================================== Table 3 (continued) 2000 ---- Residential Service 90,365 889,758 217,452 158,230 212,085 Commercial & Industrial 41,233 282,419 67,965 27,157 54,119 Other 5,291 0 8,100 20,688 0 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 136,889 1,172,177 293,517 206,075 266,204 ================================================================================================================== 1999 ---- Residential Service 83,701 801,766 202,932 150,340 194,492 Commercial & Industrial 38,753 222,385 63,526 27,329 44,215 Other 5,306 0 6,900 15,977 0 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 127,761 1,024,151 273,358 193,647 238,706 ================================================================================================================== Upson MEMBER Troup (1) County Walton Washington TOTAL --------- ------ ------ ---------- ----- 2001 ---- Residential Service 336,632 95,017 1,284,073 164,820 17,996,497 Commercial & Industrial 95,419 16,762 516,249 188,126 8,750,113 Other 5,480 1,462 58,629 695 627,754 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 437,531 113,241 1,858,951 353,640 27,374,364 ================================================================================================================== 2000 ---- Residential Service 328,265 93,021 1,260,146 164,684 17,647,193 Commercial & Industrial 94,405 17,243 499,181 190,697 8,279,341 Other 5,337 1,508 54,726 683 658,724 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 428,007 111,771 1,814,053 356,065 26,585,258 ================================================================================================================== 1999 ---- Residential Service 304,942 89,474 1,163,210 155,697 16,396,247 Commercial & Industrial 91,016 15,813 455,181 187,368 7,437,874 Other 5,118 1,559 48,417 613 603,039 ------------------------------------------------------------------------------------------------------------------ Total MWh Sales 401,076 106,846 1,666,809 343,678 24,437,159 ================================================================================================================== ---------- (1) Now known as Diverse Power Incorporated
OGLETHORPE POWER CORPORATION MEMBER FINANCIAL AND STATISTICAL INFORMATION Table 4 ANNUAL REVENUES BY CONSUMER CLASS OF EACH MEMBER
Central Altamaha Amicalola Canoochee Carroll Georgia -------- --------- --------- ------- ------- 2001 ---- Residential Service $ 17,694,663 $ 34,643,781 $ 18,763,030 $ 40,268,249 $ 36,647,260 Commercial & Industrial 13,818,912 6,233,543 5,479,378 15,908,619 11,580,661 Other 205,014 16,363 402,902 548,980 79,920 ---------------------------------------------------------------------------------------------------------- Total Electric Sales 31,718,589 40,893,687 24,645,310 56,725,848 48,307,841 Other Operating Revenue 464,543 2,958,665 375,225 (43,399) 1,407,643 ---------------------------------------------------------------------------------------------------------- Total Operating Revenue 32,183,132 43,852,352 25,020,535 56,682,449 49,715,484 ========================================================================================================== 2000 ---- Residential Service $ 17,215,124 $ 33,074,304 $ 19,260,258 $ 37,690,684 $ 35,220,648 Commercial & Industrial 11,791,111 5,832,045 5,327,181 15,667,272 10,540,108 Other 185,971 15,912 279,249 544,558 71,027 ---------------------------------------------------------------------------------------------------------- Total Electric Sales 29,192,206 38,922,261 24,866,688 53,902,514 45,831,783 Other Operating Revenue 422,823 2,202,663 (89,371) 347,763 1,346,264 ---------------------------------------------------------------------------------------------------------- Total Operating Revenue 29,615,029 41,124,924 24,777,317 54,250,277 47,178,047 ========================================================================================================== 1999 ---- Residential Service $ 16,729,160 $ 30,198,178 $ 18,349,160 $ 34,910,853 $ 32,634,665 Commercial & Industrial 9,989,742 4,901,793 4,972,324 14,726,532 9,032,470 Other 190,042 13,170 314,997 488,713 59,994 ---------------------------------------------------------------------------------------------------------- Total Electric Sales 26,908,944 35,113,141 23,636,481 50,126,098 41,727,129 Other Operating Revenue 499,814 1,885,785 515,948 1,399,335 1,354,819 ---------------------------------------------------------------------------------------------------------- Total Operating Revenue 27,408,758 36,998,926 24,152,429 51,525,433 43,081,948 ==========================================================================================================
Coweta- Coastal Cobb Colquitt Fayette Excelsior ------- ---- -------- ------- --------- 2001 ---- Residential Service $ 13,828,619 $168,997,365 $ 51,881,176 $ 66,174,932 $ 18,043,392 Commercial & Industrial 5,350,535 66,261,528 26,530,856 20,738,403 3,966,041 Other 214,178 10,400,040 3,836,476 868,001 370,362 --------------------------------------------------------------------------------------------------------- Total Electric Sales 19,393,332 245,658,933 82,248,508 87,781,336 22,379,795 Other Operating Revenue 447,117 7,184,754 (143,928) 3,310,981 (502,265) --------------------------------------------------------------------------------------------------------- Total Operating Revenue 19,840,449 252,843,687 82,104,580 91,092,317 21,877,530 ========================================================================================================= 2000 ---- Residential Service $ 13,208,863 $168,367,373 $ 50,642,758 $ 62,563,189 $ 17,650,064 Commercial & Industrial 4,775,253 61,982,143 22,755,308 18,896,793 3,818,291 Other 139,813 10,182,977 6,431,503 692,946 357,923 --------------------------------------------------------------------------------------------------------- Total Electric Sales 18,123,929 240,532,493 79,829,569 82,152,928 21,826,278 Other Operating Revenue 411,943 7,031,328 1,489,531 1,771,975 138,558 --------------------------------------------------------------------------------------------------------- Total Operating Revenue 18,535,872 247,563,821 81,319,100 83,924,903 21,964,836 ========================================================================================================= Table 4 (continued) 1999 ---- Residential Service $ 12,257,242 $160,254,023 $ 49,155,871 $ 57,860,554 $ 16,765,494 Commercial & Industrial 4,146,416 57,359,686 19,846,931 17,601,000 3,560,201 Other 117,033 11,235,125 5,954,644 627,183 325,709 --------------------------------------------------------------------------------------------------------- Total Electric Sales 16,520,691 228,848,834 74,957,446 76,088,737 20,651,404 Other Operating Revenue 362,655 8,076,197 1,401,684 734,031 696,198 --------------------------------------------------------------------------------------------------------- Total Operating Revenue 16,883,346 236,925,031 76,359,130 76,822,768 21,347,602 =========================================================================================================
Middle Okefe- Georgia Mitchell Ocmulgee Oconee noke ------- -------- -------- ------ ---- 2001 ---- Residential Service $ 5,459,142 $ 24,175,889 $ 10,085,918 $ 12,056,971 $ 32,181,892 Commercial & Industrial 2,660,745 4,806,817 2,317,608 4,778,950 4,053,841 Other 700,996 2,614,859 387,464 197,757 971,223 ------------------------------------------------------------------------------------------------------------- Total Electric Sales 8,820,883 31,597,565 12,790,990 17,033,678 37,206,956 Other Operating Revenue 165,346 984,301 498,466 553,551 777,370 ------------------------------------------------------------------------------------------------------------- Total Operating Revenue 8,986,229 32,581,866 13,289,456 17,587,229 37,984,326 ============================================================================================================= 2000 ---- Residential Service $ 5,232,289 $ 24,193,333 $ 9,715,172 $ 11,842,797 $ 31,347,251 Commercial & Industrial 2,516,159 4,655,597 2,275,315 5,361,454 3,915,464 Other 906,175 2,845,548 482,735 256,990 918,604 ------------------------------------------------------------------------------------------------------------- Total Electric Sales 8,654,623 31,694,478 12,473,222 17,461,241 36,181,319 Other Operating Revenue 137,706 1,061,820 447,896 468,769 714,224 ------------------------------------------------------------------------------------------------------------- Total Operating Revenue 8,792,329 32,756,298 12,921,118 17,930,010 36,895,543 ============================================================================================================= 1999 ---- Residential Service $ 5,235,292 $ 23,645,367 $ 9,446,106 $ 11,582,782 $ 28,601,919 Commercial & Industrial 2,456,976 4,378,016 2,143,612 4,886,148 3,809,610 Other 814,554 2,351,316 457,687 223,990 830,524 ------------------------------------------------------------------------------------------------------------- Total Electric Sales 8,506,822 30,374,699 12,047,405 16,692,920 33,242,053 Other Operating Revenue 151,946 1,016,568 423,161 366,130 671,421 ------------------------------------------------------------------------------------------------------------- Total Operating Revenue 8,658,768 31,391,267 12,470,566 17,059,050 33,913,474 =============================================================================================================
Pataula Planters Rayle Satilla Sawnee ------- -------- ----- ------- ------ 2001 ---- Residential Service $ 3,535,337 $ 15,450,701 $ 16,098,118 $ 50,729,582 $ 125,658,549 Commercial & Industrial 1,720,938 1,102,432 2,585,830 9,906,641 50,359,362 Other 589,026 606,200 0 1,446,159 2,790,991 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 5,845,301 17,159,333 18,683,948 62,082,382 178,808,902 Other Operating Revenue 94,661 596,066 145,815 (263,116) (1,157,840) -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 5,939,962 17,755,399 18,829,763 61,819,266 177,651,062 ============================================================================================================== 2000 ---- Residential Service $ 3,497,657 $ 15,190,262 $ 15,839,761 $ 48,354,742 $ 113,781,361 Commercial & Industrial 1,608,942 1,027,443 2,465,312 9,226,498 43,797,282 Other 646,857 617,811 0 1,431,229 2,564,329 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 5,753,456 16,835,516 18,305,073 59,012,469 160,142,972 Other Operating Revenue 94,387 578,319 142,348 1,950,227 1,000,983 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 5,847,843 17,413,835 18,447,421 60,962,695 161,143,955 ============================================================================================================== 1999 ---- Residential Service $ 3,383,646 $ 14,469,813 $ 14,888,682 $ 46,373,126 $ 100,270,819 Commercial & Industrial 1,522,657 940,444 2,476,303 8,494,552 38,055,272 Other 503,130 528,353 0 1,549,019 2,242,694 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 5,409,433 15,938,610 17,364,985 56,416,697 140,568,785 Other Operating Revenue 89,085 591,738 156,218 1,920,685 1,597,734 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 5,498,518 16,530,348 17,521,203 58,337,382 142,166,519 ==============================================================================================================
Table 4 (continued)
Flint Grady GreyStone Habersham Hart ----- ----- --------- --------- ---- 2001 ---- Residential Service $ 67,381,021 $ 19,662,669 $ 75,948,765 $ 24,463,430 $ 26,947,378 Commercial & Industrial 26,029,194 1,457,256 38,779,680 5,549,721 10,215,726 Other 1,906,950 1,019,697 1,083,059 7,251 178,614 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 95,317,165 22,139,622 115,811,504 30,020,402 37,341,718 Other Operating Revenue 2,877,888 (473,621) 3,441,275 1,061,766 1,279,976 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 98,195,053 21,666,001 119,252,779 31,082,168 38,621,694 ============================================================================================================== 2000 ---- Residential Service $ 64,353,739 $ 18,512,058 $ 72,596,911 $ 23,371,378 $ 25,824,620 Commercial & Industrial 26,026,820 1,420,747 34,094,710 5,312,407 9,641,919 Other 1,883,123 1,007,761 946,337 8,256 88,279 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 92,263,682 20,940,566 107,637,958 28,692,041 35,554,818 Other Operating Revenue 2,833,497 1,082,921 3,091,704 956,634 1,225,609 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 95,097,179 22,023,487 110,729,662 29,648,675 36,780,427 ============================================================================================================== 1999 ---- Residential Service $ 59,115,897 $ 16,991,095 $ 67,929,334 $ 22,331,061 $ 24,396,911 Commercial & Industrial 25,289,450 1,381,556 30,457,884 5,014,363 8,996,994 Other 1,854,554 946,246 823,040 8,259 4,371 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 86,259,901 19,318,897 99,210,258 27,353,683 33,398,276 Other Operating Revenue 3,984,774 767,522 2,489,716 902,096 1,287,333 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 90,244,675 20,086,419 101,699,974 28,255,779 34,685,609 ==============================================================================================================
Little Irwin Jackson Jefferson Lamar Ocmulgee ----- ------- --------- ----- -------- 2001 ---- Residential Service $ 13,143,642 $ 155,725,110 $ 35,250,360 $ 16,924,100 $ 9,660,346 Commercial & Industrial 1,611,993 89,185,719 4,358,300 2,918,014 2,242,057 Other 1,239,126 11,237,432 585,913 274,804 288,537 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 15,994,761 256,148,261 40,194,573 20,116,918 12,190,940 Other Operating Revenue 394,399 (16,265,636) 1,471,754 702,100 212,431 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 16,389,160 239,882,625 41,666,327 20,819,018 12,403,371 ============================================================================================================== 2000 ---- Residential Service $ 12,690,299 $ 141,336,317 $ 35,188,568 $ 16,467,800 $ 9,515,169 Commercial & Industrial 1,566,453 78,936,894 4,098,723 2,782,314 2,016,173 Other 1,185,373 9,384,751 506,353 222,996 349,347 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 15,442,125 229,657,962 39,793,644 19,473,110 11,880,689 Other Operating Revenue 364,414 (1,080,337) 1,333,614 530,838 206,430 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 15,806,539 228,577,625 41,127,258 20,003,948 12,087,119 ============================================================================================================== 1999 ---- Residential Service $ 12,178,104 $ 130,572,512 $ 32,918,096 $ 15,255,296 $ 8,982,467 Commercial & Industrial 1,583,979 72,334,942 3,550,655 2,610,063 1,693,401 Other 926,463 8,809,783 470,606 210,749 363,856 -------------------------------------------------------------------------------------------------------------- Total Electric Sales 14,688,546 211,717,237 36,939,357 18,076,108 11,039,724 Other Operating Revenue 281,857 6,909,331 1,058,246 589,203 156,050 -------------------------------------------------------------------------------------------------------------- Total Operating Revenue 14,970,403 218,626,568 37,997,603 18,665,311 11,195,774 ==============================================================================================================
Table 4 (continued)
Slash Snapping Three Tri- Pine Shoals Sumter Notch County ---- ------ ------ ----- ------ 2001 ---- Residential Service $ 7,205,220 $ 72,522,641 $ 17,864,635 $ 13,408,289 $ 17,403,267 Commercial & Industrial 2,313,046 17,011,860 6,155,495 1,921,738 4,169,760 Other 321,071 0 616,265 1,612,785 0 ------------------------------------------------------------------------------------------------------------------- Total Electric Sales 9,839,337 89,534,501 24,636,395 16,942,812 21,573,027 Other Operating Revenue 59,010 (1,186,961) 308,398 354,304 605,433 ------------------------------------------------------------------------------------------------------------------- Total Operating Revenue 9,898,347 88,347,540 24,944,793 17,297,116 22,178,460 =================================================================================================================== 2000 ---- Residential Service $ 6,974,830 $ 70,616,436 $ 17,196,253 $ 12,837,760 $ 17,216,940 Commercial & Industrial 2,179,429 15,520,967 5,955,436 2,039,973 3,772,372 Other 323,960 0 650,723 1,784,723 0 ------------------------------------------------------------------------------------------------------------------- Total Electric Sales 9,478,219 86,137,403 23,802,412 16,662,456 20,989,312 Other Operating Revenue 59,037 2,511,048 551,342 348,078 554,487 ------------------------------------------------------------------------------------------------------------------- Total Operating Revenue 9,537,256 88,648,451 24,353,754 17,010,534 21,543,799 =================================================================================================================== 1999 ---- Residential Service $ 6,751,602 $ 61,602,038 $ 16,297,686 $ 12,076,268 $ 16,107,688 Commercial & Industrial 2,165,649 13,360,597 5,719,547 2,062,325 3,443,621 Other 352,856 0 579,718 1,456,754 0 ------------------------------------------------------------------------------------------------------------------- Total Electric Sales 9,270,107 74,962,635 22,596,951 15,595,347 19,551,309 Other Operating Revenue 64,851 1,736,925 14,566 325,447 565,507 ------------------------------------------------------------------------------------------------------------------- Total Operating Revenue 9,334,958 76,699,560 22,611,517 15,920,794 20,116,816 ===================================================================================================================
Upson MEMBER Troup (1) County Walton Washington TOTAL --------- ------ ------ ---------- ----- 2001 ---- Residential Service $ 27,199,015 $ 7,704,071 $ 100,548,464 $ 14,632,260 $1,485,969,249 Commercial & Industrial 7,505,801 1,458,607 34,840,315 10,040,042 527,925,964 Other 538,535 148,890 5,345,402 48,670 53,699,912 ------------------------------------------------------------------------------------------------------------------- Total Electric Sales 35,243,351 9,311,568 140,734,181 24,720,972 2,067,595,125 Other Operating Revenue 1,001,265 285,361 (602,153) 446,562 13,827,507 ------------------------------------------------------------------------------------------------------------------- Total Operating Revenue 36,244,616 9,596,929 140,132,028 25,167,534 2,081,422,632 =================================================================================================================== 2000 ---- Residential Service $ 25,472,399 $ 7,541,419 $ 99,104,733 $ 14,387,156 $1,425,092,675 Commercial & Industrial 7,025,543 1,470,036 33,082,292 9,782,927 484,961,106 Other 501,911 152,378 4,938,184 48,524 53,555,136 ------------------------------------------------------------------------------------------------------------------- Total Electric Sales 32,999,853 9,163,833 137,125,209 24,218,607 1,963,608,917 Other Operating Revenue 1,695,668 267,792 (551,588) 415,991 38,067,335 ------------------------------------------------------------------------------------------------------------------- Total Operating Revenue 34,695,521 9,431,625 136,573,621 24,634,598 2,001,676,251 =================================================================================================================== 1999 ---- Residential Service $ 23,409,910 $ 7,296,031 $ 91,864,472 $ 13,714,381 $1,326,803,601 Commercial & Industrial 6,677,629 1,337,046 30,672,190 9,482,757 443,135,333 Other 480,240 155,005 4,449,281 45,735 50,765,393 ------------------------------------------------------------------------------------------------------------------- Total Electric Sales 30,567,779 8,788,082 126,985,943 23,242,873 1,820,704,327 Other Operating Revenue 1,060,785 227,582 2,544,331 469,335 49,346,609 ------------------------------------------------------------------------------------------------------------------- Total Operating Revenue 31,628,564 9,015,664 129,530,274 23,712,208 1,870,050,936 ===================================================================================================================
(1) Now known as Diverse Power Incorporated OGLETHORPE POWER CORPORATION MEMBER FINANCIAL AND STATISTICAL INFORMATION Table 5 SUMMARY OF OPERATING RESULTS OF EACH MEMBER
Altamaha Amicalola Canoochee Carroll Georgia -------- --------- --------- ------- ------- 2001 ---- Operating Revenue & Patronage Capital $ 32,183,133 $ 43,852,352 $ 25,020,535 $ 56,682,449 $ 49,715,484 Depreciation and Amortization 1,714,869 3,753,266 1,680,658 4,151,087 2,898,218 Other Operating Expenses 28,658,940 33,170,921 20,820,833 47,955,567 42,110,204 ----------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 1,809,324 $ 6,928,165 $ 2,519,044 $ 4,575,795 $ 4,707,062 Other Income 1,304,508 (1,614,455) 537,493 816,557 1,254,883 ----------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 3,113,832 $ 5,313,710 $ 3,056,537 $ 5,392,352 $ 5,961,945 ----------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,268,534 2,632,584 1,322,902 3,164,790 2,529,373 Other Deductions 105,831 89,199 2,892 352,574 897,496 ----------------------------------------------------------------------------------------------------------------- Net Margins $ 1,739,467 $ 2,591,927 $ 1,730,743 $ 1,874,988 $ 2,535,076 ================================================================================================================= 2000 ---- Operating Revenue & Patronage Capital $ 29,615,029 $ 41,124,924 $ 24,777,317 $ 54,250,277 $ 47,178,047 Depreciation and Amortization 1,660,918 3,527,499 1,632,309 3,745,568 2,694,743 Other Operating Expenses 26,471,669 32,279,487 21,404,713 47,077,621 40,522,217 ----------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 1,482,442 $ 5,317,938 $ 1,740,295 $ 3,427,088 $ 3,961,087 Other Income 847,535 (1,662,865) 553,007 827,394 1,116,162 ----------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,329,977 $ 3,655,073 $ 2,293,302 $ 4,254,482 $ 5,077,249 ----------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,430,082 2,605,259 1,364,466 2,700,866 2,068,566 Other Deductions 18,036 63,901 12,874 557,435 917,488 ----------------------------------------------------------------------------------------------------------------- Net Margins $ 881,859 $ 985,913 $ 915,962 $ 996,181 $ 2,091,195 ================================================================================================================= 1999 ---- Operating Revenue & Patronage Capital $ 27,408,758 $ 36,998,926 $ 24,152,429 $ 51,525,433 $ 43,081,948 Depreciation and Amortization 1,608,154 2,977,178 1,546,796 3,475,929 2,580,676 Other Operating Expenses 24,037,004 30,904,947 20,422,112 44,663,213 36,338,614 ----------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 1,763,600 $ 3,116,801 $ 2,183,521 $ 3,386,291 $ 4,162,658 Other Income 884,114 743,468 497,043 661,753 943,498 ----------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,647,714 $ 3,860,269 $ 2,680,564 $ 4,048,044 $ 5,106,156 ----------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 967,710 2,451,838 1,273,787 2,182,913 2,093,314 Other Deductions 48,615 6,434 530 355,427 363,821 ----------------------------------------------------------------------------------------------------------------- Net Margins $ 1,631,389 $ 1,401,997 $ 1,406,247 $ 1,509,704 $ 2,649,021 =================================================================================================================
Central Coweta- Coastal Cobb Colquitt Fayette Excelsior ------- ---- -------- ------- --------- 2001 ---- Operating Revenue & Patronage Capital $ 19,840,449 $252,843,687 $ 82,104,580 $ 91,092,317 $ 21,877,530 Depreciation and Amortization 1,266,662 0 3,789,060 5,003,222 1,402,890 Other Operating Expenses 16,105,372 226,967,571 72,475,975 79,653,047 18,979,369 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 2,468,415 $ 25,876,116 $ 5,839,545 $ 6,436,048 $ 1,495,271 Other Income 405,763 10,187,956 1,531,004 2,651,760 668,321 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,874,178 $ 36,064,072 $ 7,370,549 $ 9,087,808 $ 2,163,592 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,573,405 15,625,828 3,253,301 4,494,244 1,357,345 Other Deductions 1,885 1,904,349 0 1,572,970 0 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 1,298,888 $ 18,533,895 $ 4,117,248 $ 3,020,594 $ 806,247 ================================================================================================================ Table 5 (continued) 2000 ---- Operating Revenue & Patronage Capital $ 18,535,872 $247,563,821 $ 81,319,101 $ 83,924,903 $ 21,964,836 Depreciation and Amortization 1,226,168 0 3,593,924 4,729,946 1,343,980 Other Operating Expenses 15,092,529 222,815,532 72,747,759 73,829,266 19,160,443 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 2,217,175 $ 24,748,289 $ 4,977,418 $ 5,365,691 $ 1,460,413 Other Income 366,399 6,875,788 1,815,731 2,094,341 602,114 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,583,574 $ 31,624,077 $ 6,793,149 $ 7,460,032 $ 2,062,527 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,492,423 15,044,399 3,233,013 4,060,979 1,305,275 Other Deductions 46,627 946,282 0 2,026,242 0 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 1,044,524 $ 15,633,396 $ 3,560,136 $ 1,372,811 $ 757,252 ================================================================================================================ 1999 ---- Operating Revenue & Patronage Capital $ 16,883,346 $236,925,031 $ 76,359,130 $ 76,822,768 $ 21,347,602 Depreciation and Amortization 1,172,393 0 3,367,804 4,414,561 1,289,875 Other Operating Expenses 13,805,076 204,411,114 68,188,461 74,208,704 17,939,628 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 1,905,877 $ 32,513,917 $ 4,802,865 ($ 1,800,497) $ 2,118,099 Other Income 314,909 6,000,489 1,628,368 9,653,807 508,332 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,220,786 $ 38,514,406 $ 6,431,233 $ 7,853,310 $ 2,626,431 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,428,904 12,301,566 2,668,343 3,961,359 1,211,163 Other Deductions 39,016 2,884,441 0 1,171,548 622 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 752,866 $ 23,328,399 $ 3,762,890 $ 2,720,403 $ 1,414,646 ================================================================================================================
Middle Okefe- Georgia Mitchell Ocmulgee Oconee noke ------- -------- -------- ------ ---- 2001 ---- Operating Revenue & Patronage Capital $ 8,986,229 $ 32,598,426 $ 13,289,456 $ 17,587,229 $ 37,984,326 Depreciation and Amortization 739,081 2,197,605 881,366 1,125,546 2,724,399 Other Operating Expenses 7,345,413 27,228,664 10,814,890 14,988,336 30,087,927 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 901,735 $ 3,172,157 $ 1,593,200 $ 1,473,347 $ 5,172,000 Other Income 200,508 754,334 198,687 451,554 733,819 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 1,102,243 $ 3,926,491 $ 1,791,887 $ 1,924,901 $ 5,905,819 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 640,789 1,454,405 814,928 1,456,630 2,704,588 Other Deductions 94,707 124,193 17,558 14,423 407,418 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 366,747 $ 2,347,893 $ 959,401 $ 453,848 $ 2,793,813 ================================================================================================================ 2000 ---- Operating Revenue & Patronage Capital $ 8,792,329 $ 32,720,378 $ 12,921,118 $ 17,930,010 $ 36,895,543 Depreciation and Amortization 688,842 2,064,983 858,103 1,062,389 2,600,094 Other Operating Expenses 7,500,947 27,280,453 11,053,305 15,555,789 29,416,036 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 602,540 $ 3,374,942 $ 1,009,710 $ 1,311,832 $ 4,879,413 Other Income 201,300 750,991 241,764 425,482 545,307 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 803,840 $ 4,125,933 $ 1,251,474 $ 1,737,314 $ 5,424,720 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 584,824 1,742,273 734,380 1,150,423 2,541,176 Other Deductions 43,426 186,974 16,720 148,089 790,122 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 175,590 $ 2,196,686 $ 500,374 $ 438,802 $ 2,093,422 ================================================================================================================ 1999 ---- Operating Revenue & Patronage Capital $ 8,658,768 $ 31,338,810 $ 12,470,566 $ 17,059,050 $ 33,913,474 Depreciation and Amortization 662,365 1,892,721 803,073 993,223 2,481,279 Other Operating Expenses 7,153,974 27,041,062 10,433,695 14,808,633 27,362,127 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 842,429 $ 2,405,027 $ 1,233,798 $ 1,257,194 $ 4,070,068 Other Income 189,312 1,276,740 344,734 366,554 1,056,659 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 1,031,741 $ 3,681,767 $ 1,578,532 $ 1,623,748 $ 5,126,727 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 562,730 1,553,394 683,815 1,135,705 2,496,405 Other Deductions 26,069 24,035 12,932 23,600 527,368 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 442,942 $ 2,104,338 $ 881,785 $ 464,443 $ 2,102,954 ================================================================================================================
Table 5 (continued)
Pataula Planters Rayle Satilla Sawnee ------- -------- ----- ------- ------ 2001 ---- Operating Revenue & Patronage Capital $ 5,939,962 $ 17,756,013 $ 18,829,763 $ 61,819,266 $177,651,062 Depreciation and Amortization 381,706 1,252,854 1,507,003 3,074,450 8,805,562 Other Operating Expenses 4,979,408 15,429,875 15,341,702 55,183,921 152,202,221 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 578,848 $ 1,073,284 $ 1,981,058 $ 3,560,895 $ 16,643,279 Other Income 132,504 405,794 432,887 1,306,400 1,180,495 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 711,352 $ 1,479,078 $ 2,413,945 $ 4,867,295 $ 17,823,774 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 268,421 633,451 1,367,526 2,710,489 9,627,435 Other Deductions 250 73,126 3,335 298 313,973 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 442,681 $ 772,501 $ 1,043,084 $ 2,156,508 $ 7,882,366 ================================================================================================================ 2000 ---- Operating Revenue & Patronage Capital $ 5,847,843 $ 17,413,835 $ 18,447,421 $ 60,962,696 $161,143,955 Depreciation and Amortization 360,255 1,286,829 1,424,272 2,830,229 8,174,545 Other Operating Expenses 4,991,834 15,217,173 15,116,421 55,066,668 138,201,109 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 495,754 $ 909,833 $ 1,906,728 $ 3,065,799 $ 14,768,301 Other Income 130,467 467,655 70,369 1,303,150 1,323,651 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 626,221 $ 1,377,488 $ 1,977,097 $ 4,368,948 $ 16,091,952 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 242,419 686,860 1,230,294 2,473,033 9,858,611 Other Deductions 6,848 7,571 121,824 0 438,903 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 376,954 $ 683,057 $ 624,979 $ 1,895,916 $ 5,794,438 ================================================================================================================ 1999 ---- Operating Revenue & Patronage Capital $ 5,498,518 $ 16,530,348 $ 17,521,203 $ 58,337,382 $138,971,050 Depreciation and Amortization 345,709 1,235,891 1,235,311 2,722,257 7,420,130 Other Operating Expenses 4,811,460 14,328,624 14,456,070 51,411,697 117,077,336 ---------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 341,349 $ 965,833 $ 1,829,822 $ 4,203,428 $ 14,473,584 Other Income 117,799 532,207 402,441 1,181,580 2,967,227 ---------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 459,148 $ 1,498,040 $ 2,232,263 $ 5,385,008 $ 17,440,811 ---------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 212,268 645,231 1,173,916 2,016,785 8,849,913 Other Deductions 6,785 4,181 2,246 0 574,383 ---------------------------------------------------------------------------------------------------------------- Net Margins $ 240,095 $ 848,628 $ 1,056,101 $ 3,368,223 $ 8,016,515 ================================================================================================================
Table 5 (continued)
Flint Grady GreyStone Habersham Hart ----- ----- --------- --------- ---- 2001 ---- Operating Revenue & Patronage Capital $ 98,195,053 $ 21,666,001 $ 119,252,779 $ 31,082,169 $ 38,621,694 Depreciation and Amortization 5,963,212 1,472,486 5,272,934 2,340,271 2,606,992 Other Operating Expenses 81,037,999 18,188,179 98,749,166 25,884,360 32,130,086 ---------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 11,193,842 $ 2,005,336 $ 15,230,679 $ 2,857,538 $ 3,884,616 Other Income 2,262,093 577,371 (3,449,367) 365,554 869,226 ---------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 13,455,935 $ 2,582,707 $ 11,781,312 $ 3,223,092 $ 4,753,842 ---------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 5,709,462 950,751 3,310,513 1,388,620 2,086,522 Other Deductions 197,718 251,410 2,809,765 411,281 7,751 ---------------------------------------------------------------------------------------------------------------------- Net Margins $ 7,548,755 $ 1,380,546 $ 5,661,034 $ 1,423,191 $ 2,659,569 ====================================================================================================================== 2000 ---- Operating Revenue & Patronage Capital $ 95,097,179 $ 22,023,487 $ 110,729,663 $ 29,648,675 $ 36,780,428 Depreciation and Amortization 5,376,157 1,397,724 4,744,726 2,191,008 2,452,032 Other Operating Expenses 81,458,353 18,900,978 95,527,192 25,183,420 32,103,162 ---------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 8,262,669 $ 1,724,785 $ 10,457,745 $ 2,274,247 $ 2,225,234 Other Income 2,901,177 349,183 (2,920,644) 390,115 888,990 ---------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 11,163,846 $ 2,073,968 $ 7,537,101 $ 2,664,362 $ 3,114,224 ---------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 5,887,752 926,948 4,256,440 1,282,141 1,981,466 Other Deductions 119,441 211,477 1,348,466 406,356 5,416 ---------------------------------------------------------------------------------------------------------------------- Net Margins $ 5,156,653 $ 935,543 $ 1,932,195 $ 975,865 $ 1,127,342 ====================================================================================================================== 1999 ---- Operating Revenue & Patronage Capital $ 90,244,675 $ 20,086,419 $ 101,699,974 $ 28,255,779 $ 34,685,609 Depreciation and Amortization 5,091,288 1,337,896 4,268,169 2,018,853 2,270,955 Other Operating Expenses 78,499,838 15,748,921 89,625,965 23,782,580 29,866,956 ---------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 6,653,549 $ 2,999,602 $ 7,805,840 $ 2,454,346 $ 2,547,698 Other Income 2,007,205 1,578,479 1,920,829 589,738 899,326 ---------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 8,660,754 $ 4,578,081 $ 9,726,669 $ 3,044,084 $ 3,447,024 ---------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 4,345,845 863,364 4,281,470 1,402,154 1,662,226 Other Deductions 66,420 1,058,321 382,475 2,752 5,527 ---------------------------------------------------------------------------------------------------------------------- Net Margins $ 4,248,489 $ 2,656,396 $ 5,062,724 $ 1,639,178 $ 1,779,271 ======================================================================================================================
Little Irwin Jackson Jefferson Lamar Ocmulgee ----- ------- --------- ----- -------- 2001 ---- Operating Revenue & Patronage Capital $ 16,389,160 $ 239,882,625 $ 41,666,327 $ 20,819,018 $ 12,403,371 Depreciation and Amortization 1,314,332 14,724,690 2,521,286 1,148,626 961,965 Other Operating Expenses 12,706,760 201,522,952 33,914,702 17,932,859 10,047,108 ---------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 2,368,068 $ 23,634,983 $ 5,230,339 $ 1,737,533 $ 1,394,298 Other Income 343,291 4,641,114 866,553 194,402 266,104 ---------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,711,359 $ 28,276,097 $ 6,096,892 $ 1,931,935 $ 1,660,402 ---------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,263,257 13,265,388 2,386,150 714,531 937,719 Other Deductions 212,792 1,105,386 764,812 12,697 79,264 ---------------------------------------------------------------------------------------------------------------------- Net Margins $ 1,235,310 $ 13,905,323 $ 2,945,930 $ 1,204,707 $ 643,419 ====================================================================================================================== Table 5 (continued) 2000 ---- Operating Revenue & Patronage Capital $ 15,806,539 $ 228,577,626 $ 41,127,259 $ 20,003,948 $ 12,087,119 Depreciation and Amortization 1,245,739 13,246,421 2,309,754 1,043,830 902,886 Other Operating Expenses 13,055,801 196,539,390 35,370,649 17,885,647 10,121,169 ---------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 1,504,999 $ 18,791,815 $ 3,446,856 $ 1,074,471 $ 1,063,064 Other Income 386,633 3,647,170 997,956 (230,309) 260,513 ---------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 1,891,632 $ 22,438,985 $ 4,444,812 $ 844,162 $ 1,323,577 ---------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,120,883 11,620,373 1,893,491 609,989 913,234 Other Deductions 175,175 1,705,606 1,209,339 25,466 18,000 ---------------------------------------------------------------------------------------------------------------------- Net Margins $ 595,574 $ 9,113,006 $ 1,341,982 $ 208,707 $ 392,343 ====================================================================================================================== 1999 ---- Operating Revenue & Patronage Capital $ 14,970,403 $ 218,626,567 $ 37,977,603 $ 18,665,311 $ 11,195,774 Depreciation and Amortization 1,092,085 11,929,193 2,144,223 998,885 850,770 Other Operating Expenses 12,179,930 185,847,944 33,276,409 266,402 9,229,574 ---------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 1,698,388 $ 20,849,430 $ 2,556,971 $ 17,400,024 $ 1,115,430 Other Income 253,522 4,045,966 796,059 (15,814,148) 222,386 ---------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 1,951,910 $ 24,895,396 $ 3,353,030 $ 1,585,876 $ 1,337,816 ---------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 925,363 10,536,873 1,798,282 518,996 774,762 Other Deductions 44,782 1,526,309 561,994 10,651 28,600 ---------------------------------------------------------------------------------------------------------------------- Net Margins $ 981,765 $ 12,832,214 $ 992,754 $ 1,056,229 $ 534,454 ======================================================================================================================
Slash Snapping Three Tri- Pine Shoals Sumter Notch County ---- ------ ------ ----- ------ 2001 ---- Operating Revenue & Patronage Capital $ 9,898,346 $ 88,347,540 $ 24,944,793 $ 17,297,116 $ 22,178,460 Depreciation and Amortization 477,199 5,549,547 1,592,091 1,063,059 1,400,924 Other Operating Expenses 8,462,715 76,530,133 20,221,878 14,535,790 18,356,932 --------------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 958,432 $ 6,267,860 $ 3,130,824 $ 1,698,267 $ 2,420,604 Other Income 214,411 997,724 535,092 438,869 447,811 --------------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 1,172,843 $ 7,265,584 $ 3,665,916 $ 2,137,136 $ 2,868,415 --------------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 483,004 4,096,393 1,460,222 1,005,339 1,371,899 Other Deductions 69,831 132,228 80,930 139,273 304,572 --------------------------------------------------------------------------------------------------------------------------- Net Margins $ 620,008 $ 3,036,963 $ 2,124,764 $ 992,524 $ 1,191,944 =========================================================================================================================== 2000 ---- Operating Revenue & Patronage Capital $ 9,537,257 $ 88,648,450 $ 24,353,754 $ 17,010,534 $ 21,543,799 Depreciation and Amortization 440,483 5,343,040 1,480,780 1,003,792 1,336,963 Other Operating Expenses 8,336,094 72,980,235 20,276,805 15,100,293 18,372,699 --------------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 760,680 $ 10,325,175 $ 2,596,169 $ 906,449 $ 1,834,137 Other Income 227,575 (1,451,202) 471,981 495,229 446,165 --------------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 988,255 $ 8,873,973 $ 3,068,150 $ 1,401,678 $ 2,280,302 --------------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 519,371 4,053,777 1,275,484 898,525 1,299,490 Other Deductions 40,573 212,257 122,961 191,355 231,825 --------------------------------------------------------------------------------------------------------------------------- Net Margins $ 428,311 $ 4,607,939 $ 1,669,705 $ 311,798 $ 748,987 =========================================================================================================================== 1999 ---- Operating Revenue & Patronage Capital $ 9,334,959 $ 76,698,960 $ 22,582,385 $ 15,920,794 $ 20,116,816 Depreciation and Amortization 422,618 4,841,602 1,577,695 938,196 1,284,413 Other Operating Expenses 8,119,383 65,327,997 19,169,366 13,538,400 16,780,692 --------------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 792,958 $ 6,529,361 $ 1,835,324 $ 1,444,198 $ 2,051,711 Other Income 180,402 1,176,416 396,460 322,900 403,468 --------------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 973,360 $ 7,705,777 $ 2,231,784 $ 1,767,098 $ 2,455,179 --------------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 475,819 3,265,180 1,151,029 744,921 1,058,673 Other Deductions 32,140 290,685 28,006 205,931 263,202 --------------------------------------------------------------------------------------------------------------------------- Net Margins $ 465,401 $ 4,149,912 $ 1,052,749 $ 816,246 $ 1,133,304 ===========================================================================================================================
Table 5 (continued)
Upson MEMBER Troup (1) County Walton Washington TOTAL --------- ------ ------ ---------- ----- 2001 ---- Operating Revenue & Patronage Capital $ 35,093,997 $ 9,596,929 $ 140,132,027 $ 25,167,535 $2,080,289,188 Depreciation and Amortization 2,973,266 535,468 6,874,114 1,450,128 108,592,094 Other Operating Expenses 28,078,552 8,193,788 121,159,551 22,224,740 1,770,378,406 ---------------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 4,042,179 $ 867,673 $ 12,098,362 $ 1,492,667 $ 201,318,688 Other Income (1,713,083) 316,832 (1,824,459) 636,557 30,526,867 ---------------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,329,096 $ 1,184,505 $ 10,273,903 $ 2,129,224 $ 231,845,555 ---------------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,580,910 351,464 5,714,249 1,322,911 108,300,272 Other Deductions 44,789 520 276,576 0 12,878,072 ---------------------------------------------------------------------------------------------------------------------------- Net Margins $ 703,397 $ 832,521 $ 4,283,078 $ 806,313 $ 110,667,211 ============================================================================================================================ 2000 ---- Operating Revenue & Patronage Capital $ 34,695,522 $ 9,431,625 $ 136,573,619 $ 24,634,598 $2,001,640,336 Depreciation and Amortization 2,796,600 461,342 6,468,635 1,265,539 101,013,047 Other Operating Expenses 27,758,852 8,133,474 122,582,321 22,048,290 1,732,535,795 ---------------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 4,140,070 $ 836,809 $ 7,522,663 $ 1,320,769 $ 168,091,494 Other Income (1,728,288) 221,087 1,400,809 545,755 26,195,637 ---------------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 2,411,782 $ 1,057,896 $ 8,923,472 $ 1,866,524 $ 194,287,130 ---------------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,665,998 303,756 5,510,308 1,190,686 103,759,733 Other Deductions 45,232 350 396,530 1,598 12,816,785 ---------------------------------------------------------------------------------------------------------------------------- Net Margins $ 700,552 $ 753,790 $ 3,016,634 $ 674,240 $ 77,710,613 ============================================================================================================================ 1999 ---- Operating Revenue & Patronage Capital $ 31,628,564 $ 9,015,664 $ 129,530,274 $ 23,712,208 $1,866,753,278 Depreciation and Amortization 2,569,260 425,935 6,017,567 1,310,032 93,614,960 Other Operating Expenses 25,263,944 7,840,838 115,100,154 20,933,334 1,594,202,178 ---------------------------------------------------------------------------------------------------------------------------- Electric Operating Margin $ 3,795,360 $ 748,891 $ 8,412,553 $ 1,468,842 $ 178,936,140 Other Income 941,117 199,943 3,834,334 609,080 34,834,516 ---------------------------------------------------------------------------------------------------------------------------- Gross Operating Margin $ 4,736,477 $ 948,834 $ 12,246,887 $ 2,077,922 $ 213,770,656 ---------------------------------------------------------------------------------------------------------------------------- Interest on Long-term Debt 1,601,915 271,472 4,895,583 1,179,526 91,624,512 Other Deductions 63,714 0 145,263 0 10,788,825 ---------------------------------------------------------------------------------------------------------------------------- Net Margins $ 3,070,848 $ 677,362 $ 7,206,041 $ 898,396 $ 111,357,319 ============================================================================================================================
(1) Now known as Diverse Power Incorporated OGLETHORPE POWER CORPORATION MEMBER FINANCIAL AND STATISTICAL INFORMATION Table 6 CONDENSED BALANCE SHEET INFORMATION OF EACH MEMBER (as of December 31)
Central Altamaha Amicalola Canoochee Carroll Georgia -------- --------- --------- ------- ------- 2001 ---- ASSETS Total Utility Plant(1) $ 60,283,998 $112,824,096 $ 53,507,704 $123,599,609 $103,656,657 Depreciation 13,169,803 28,069,159 11,614,111 27,864,237 20,542,959 ------------------------------------------------------------------------------------------------------------------ Net Plant 47,114,195 84,754,937 41,893,593 95,735,372 83,113,698 Other Assets 20,415,023 18,094,608 13,496,564 24,794,162 26,901,350 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 67,529,218 $102,849,545 $ 55,390,157 $120,529,534 $110,015,048 ================================================================================================================== EQUITY & LIABILITIES Equity 41,263,921 31,696,515 26,346,305 42,253,847 39,421,459 Long-term Debt 22,886,540 58,360,364 23,470,038 58,694,055 51,832,250 Other Liabilities 3,378,757 12,792,666 5,573,814 19,581,632 18,761,339 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 67,529,218 $102,849,545 $ 55,390,157 $120,529,534 $110,015,048 ================================================================================================================== 2000 ---- ASSETS Total Utility Plant(1) $ 57,025,271 $105,660,166 $ 52,922,798 $112,428,110 $ 96,065,276 Depreciation 12,469,820 26,650,259 10,565,865 25,951,899 19,417,902 ------------------------------------------------------------------------------------------------------------------ Net Plant 44,555,451 79,009,907 42,356,933 86,476,211 76,647,374 Other Assets 22,772,228 11,981,174 11,624,476 24,528,942 23,443,570 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 67,327,679 $ 90,991,081 $ 53,981,409 $111,005,153 $100,090,944 ================================================================================================================== EQUITY & LIABILITIES Equity 39,745,649 29,308,794 24,862,451 40,755,785 37,898,490 Long-term Debt 23,455,464 48,053,983 23,468,243 51,008,794 41,968,626 Other Liabilities 4,126,566 13,628,304 5,650,715 19,240,574 20,223,828 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 67,327,679 $ 90,991,081 $ 53,981,409 $111,005,153 $100,090,944 ================================================================================================================== 1999 ---- ASSETS Total Utility Plant(1) $ 54,996,145 $ 98,392,127 $ 51,467,414 $102,742,499 $ 88,467,230 Depreciation 11,420,193 25,064,721 9,293,909 24,284,296 19,006,058 ------------------------------------------------------------------------------------------------------------------ Net Plant 43,575,952 73,327,406 42,173,505 78,458,203 69,461,172 Other Assets 22,295,055 15,056,040 9,621,283 23,518,785 18,258,575 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 65,871,007 $ 88,383,446 $ 51,794,788 $101,976,988 $ 87,719,747 ================================================================================================================== EQUITY & LIABILITIES Equity 39,098,990 28,530,047 24,172,900 39,703,160 36,769,544 Long-term Debt 23,980,980 49,363,939 23,425,934 44,389,018 38,112,777 Other Liabilities 2,791,037 10,489,460 4,195,954 17,884,810 12,837,426 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 65,871,007 $ 88,383,446 $ 51,794,788 $101,976,988 $ 87,719,747 ==================================================================================================================
Table 6 (continued)
Coweta- Coastal Cobb Colquitt Fayette Excelsior ------- ---- -------- ------- --------- 2001 ---- ASSETS Total Utility Plant(1) $ 42,492,782 $428,559,575 $123,595,110 $168,193,894 $ 50,026,290 Depreciation 6,106,156 59,233,554 24,537,136 33,948,469 10,521,163 ------------------------------------------------------------------------------------------------------------------ Net Plant 36,386,626 369,326,021 99,057,974 134,245,425 39,505,127 Other Assets 8,650,967 159,207,390 42,717,508 35,701,241 12,363,255 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 45,037,593 $528,533,411 $141,775,482 $169,946,666 $ 51,868,382 ================================================================================================================== EQUITY & LIABILITIES Equity 14,365,171 171,684,326 68,924,771 48,004,323 22,558,735 Long-term Debt 27,375,891 266,211,841 57,400,839 93,049,939 23,330,995 Other Liabilities 3,296,531 90,637,244 15,449,872 28,892,404 5,978,652 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 45,037,593 $528,533,411 $141,775,482 $169,946,666 $ 51,868,382 ================================================================================================================== 2000 ---- ASSETS Total Utility Plant(1) $ 40,938,865 $399,358,673 $118,209,179 $155,906,426 $ 47,226,390 Depreciation 5,746,108 52,222,782 23,891,152 30,976,294 9,851,242 ------------------------------------------------------------------------------------------------------------------ Net Plant 35,192,757 347,135,891 94,318,027 124,930,132 37,375,148 Other Assets 10,348,563 142,705,747 36,260,142 33,075,618 11,048,902 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 45,541,320 $489,841,638 $130,578,169 $158,005,750 $ 48,424,050 ================================================================================================================== EQUITY & LIABILITIES Equity 13,061,364 163,740,094 65,439,869 44,882,765 21,747,939 Long-term Debt 28,333,113 247,700,997 53,037,222 71,584,830 21,987,499 Other Liabilities 4,146,843 78,400,547 12,101,078 41,538,155 4,688,612 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 45,541,320 $489,841,638 $130,578,169 $158,005,750 $ 48,424,050 ================================================================================================================== 1999 ---- ASSETS Total Utility Plant(1) $ 38,878,736 $371,750,655 $111,791,347 $ 47,094,096 $ 45,075,968 Depreciation 4,785,844 44,846,161 22,218,093 27,637,562 9,202,459 ------------------------------------------------------------------------------------------------------------------ Net Plant 34,092,892 326,904,494 89,573,254 19,456,534 35,873,509 Other Assets 6,755,131 120,885,842 34,974,443 130,034,290 10,140,046 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 40,848,023 $447,790,336 $124,547,697 $149,490,824 $ 46,013,555 ================================================================================================================== EQUITY & LIABILITIES Equity 12,016,840 158,230,570 63,619,084 43,802,928 20,980,767 Long-term Debt 25,853,489 238,753,999 50,917,180 73,488,830 21,400,336 Other Liabilities 2,977,694 50,805,766 10,011,433 32,199,066 3,632,452 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 40,848,023 $447,790,335 $124,547,697 $149,490,824 $ 46,013,555 ==================================================================================================================
Middle Okefe- Georgia Mitchell Ocmulgee Oconee noke ------- -------- -------- ------ ---- 2001 ---- ASSETS Total Utility Plant(1) $ 25,546,759 $ 78,843,730 $ 33,552,197 $ 39,630,649 $ 96,738,237 Depreciation 5,682,492 13,188,940 7,816,266 6,083,628 20,695,869 ------------------------------------------------------------------------------------------------------------------ Net Plant 19,864,267 65,654,790 25,735,931 33,547,021 76,042,368 Other Assets 4,133,153 14,631,031 6,721,191 10,360,328 24,586,696 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 23,997,420 $ 80,285,821 $ 32,457,122 $ 43,907,349 $100,629,064 ================================================================================================================== EQUITY & LIABILITIES Equity 10,657,687 50,212,005 14,310,841 16,753,771 37,784,493 Long-term Debt 10,146,622 21,813,774 15,423,565 21,866,302 51,812,889 Other Liabilities 3,193,111 8,260,042 2,722,716 5,287,276 11,031,682 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 23,997,420 $ 80,285,821 $ 32,457,122 $ 43,907,349 $100,629,064 ================================================================================================================== Table 6 (continued) 2000 ---- ASSETS Total Utility Plant(1) $ 24,349,318 $ 74,245,290 $ 32,064,129 $ 37,425,073 $ 93,130,313 Depreciation 5,534,321 12,379,206 7,527,658 5,323,356 18,796,126 ------------------------------------------------------------------------------------------------------------------ Net Plant 18,814,997 61,866,084 24,536,471 32,101,717 74,334,187 Other Assets 4,138,559 18,437,530 6,047,790 12,439,377 26,392,626 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 22,953,556 $ 80,303,614 $ 30,584,261 $ 44,541,094 $100,726,813 ================================================================================================================== EQUITY & LIABILITIES Equity 10,282,604 50,256,982 13,716,688 16,657,419 35,289,748 Long-term Debt 10,997,958 23,002,949 13,875,256 21,773,706 49,845,384 Other Liabilities 1,672,994 7,043,683 2,992,317 6,109,969 15,591,681 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 22,953,556 $ 80,303,614 $ 30,584,261 $ 44,541,094 $100,726,813 ================================================================================================================== 1999 ---- ASSETS Total Utility Plant(1) $ 23,152,820 $ 70,211,692 $ 29,874,697 $ 35,926,580 $ 89,267,994 Depreciation 5,130,529 12,113,021 7,247,784 44,641,279 17,183,436 ------------------------------------------------------------------------------------------------------------------ Net Plant 18,022,291 58,098,671 22,626,913 -8,714,699 72,084,558 Other Assets 4,082,186 42,350,458 6,627,887 48,848,299 24,267,507 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 22,104,477 $ 76,666,589 $ 29,254,800 $ 40,133,600 $ 96,352,065 ================================================================================================================== EQUITY & LIABILITIES Equity 10,100,166 45,730,243 13,617,145 16,466,653 33,255,838 Long-term Debt 10,610,279 23,200,281 13,107,223 17,943,123 48,625,659 Other Liabilities 1,394,032 7,736,065 2,530,432 5,723,824 14,470,568 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 22,104,477 $ 76,666,589 $ 29,254,800 $ 40,133,600 $ 96,352,065 ==================================================================================================================
Pataula Planters Rayle Satilla Sawnee ------- -------- ----- ------- ------ 2001 ---- ASSETS Total Utility Plant(1) $ 12,965,473 $ 41,651,904 $ 50,713,991 $102,291,516 $303,629,227 Depreciation 3,446,291 13,566,348 13,487,098 17,589,456 46,322,462 ------------------------------------------------------------------------------------------------------------------ Net Plant 9,519,182 28,085,556 37,226,893 84,702,060 257,306,765 Other Assets 3,560,197 8,962,892 7,891,682 23,928,422 66,782,993 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 13,079,379 $ 37,048,448 $ 45,118,575 $108,630,482 $324,089,758 ================================================================================================================== EQUITY & LIABILITIES Equity 7,027,095 19,348,660 17,489,858 50,814,139 94,071,355 Long-term Debt 5,452,685 12,176,253 24,554,215 37,844,999 194,433,217 Other Liabilities 599,599 5,523,535 3,074,502 19,971,344 35,585,186 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 13,079,379 $ 37,048,448 $ 45,118,575 $108,630,482 $324,089,758 ================================================================================================================== 2000 ---- ASSETS Total Utility Plant(1) $ 12,412,075 $ 38,730,463 $ 47,874,271 $ 96,773,709 $282,091,339 Depreciation 3,357,564 12,938,257 12,586,954 16,436,507 41,380,670 ------------------------------------------------------------------------------------------------------------------ Net Plant 9,054,511 25,792,206 35,287,317 80,337,202 240,710,669 Other Assets 2,877,907 9,757,760 7,570,250 23,680,001 56,450,341 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 11,932,418 $ 35,549,966 $ 42,857,567 $104,017,203 $297,161,010 ================================================================================================================== EQUITY & LIABILITIES Equity 6,583,994 19,147,817 16,917,115 51,302,092 86,266,546 Long-term Debt 4,650,290 11,545,757 22,634,376 40,132,027 181,556,994 Other Liabilities 698,134 4,856,392 3,306,076 12,583,085 29,337,470 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 11,932,418 $ 35,549,966 $ 42,857,567 $104,017,203 $297,161,010 ================================================================================================================== Table 6 (continued) 1999 ---- ASSETS Total Utility Plant(1) $ 11,690,326 $ 36,091,945 $ 44,924,052 $ 91,185,058 $263,422,514 Depreciation 3,103,277 11,812,942 11,550,351 15,410,619 37,665,678 ------------------------------------------------------------------------------------------------------------------ Net Plant 8,587,049 24,279,003 33,373,701 75,774,439 225,756,836 Other Assets 2,577,550 10,244,079 7,377,334 20,973,002 46,240,910 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 11,164,599 $ 34,523,082 $ 40,751,035 $ 96,747,441 $271,997,746 ================================================================================================================== EQUITY & LIABILITIES Equity 6,202,563 18,908,604 16,815,285 51,832,192 80,290,566 Long-term Debt 4,188,936 11,954,963 21,186,591 36,210,677 166,627,344 Other Liabilities 773,100 3,659,515 2,749,159 8,704,572 25,079,836 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 11,164,599 $ 34,523,082 $ 40,751,035 $ 96,747,441 $271,997,746 ==================================================================================================================
(1) Including construction work in progress. Table 6 (continued)
Flint Grady GreyStone Habersham Hart ----- ----- --------- --------- ---- 2001 ---- ASSETS Total Utility Plant(1) $195,121,566 $ 51,020,707 $195,639,295 $ 76,046,493 $ 90,210,772 Depreciation 49,732,203 10,451,918 31,930,937 19,938,732 22,020,884 ------------------------------------------------------------------------------------------------------------------ Net Plant 145,389,363 40,568,789 163,708,358 56,107,761 68,189,888 Other Assets 47,922,953 14,733,654 39,618,892 13,731,869 17,544,540 ------------------------------------------------------------------------------------------------------------------ Total Assets $193,312,316 $ 55,302,443 $203,327,250 $ 69,839,630 $ 85,734,428 --------------------------------------- ------------ ------------ ------------ ------------ ------------ EQUITY & LIABILITIES Equity 76,781,201 25,010,153 75,199,638 28,548,694 36,888,253 Long-term Debt 101,103,555 21,388,055 91,025,302 28,213,193 38,920,745 Other Liabilities 15,427,560 8,904,235 37,102,310 13,077,743 9,925,430 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $193,312,316 $ 55,302,443 $203,327,250 $ 69,839,630 $ 85,734,428 ================================================================================================================== 2000 ---- ASSETS Total Utility Plant(1) $176,670,132 $ 47,153,331 $173,762,679 $ 71,725,830 $ 83,816,248 Depreciation 45,740,630 9,102,767 28,502,423 18,335,545 20,951,250 ------------------------------------------------------------------------------------------------------------------ Net Plant 130,929,502 38,050,564 145,260,256 53,390,285 62,864,998 Other Assets 48,390,246 10,543,990 42,202,128 13,500,417 15,724,156 ------------------------------------------------------------------------------------------------------------------ Total Assets $179,319,748 $ 48,594,554 $187,462,384 $ 66,890,702 $ 78,589,154 ================================================================================================================== EQUITY & LIABILITIES Equity 71,100,796 23,233,811 69,784,868 27,569,049 35,292,077 Long-term Debt 91,993,435 15,752,630 102,852,823 22,949,332 33,335,883 Other Liabilities 16,225,517 9,608,113 14,824,693 16,372,321 9,961,194 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $179,319,748 $ 48,594,554 $187,462,384 $ 66,890,702 $ 78,589,154 ================================================================================================================== 1999 ---- ASSETS Total Utility Plant(1) $165,852,144 $ 44,522,180 $157,082,619 $ 66,541,910 $ 76,808,854 Depreciation 42,590,742 9,361,872 25,737,216 17,271,228 19,861,342 ------------------------------------------------------------------------------------------------------------------ Net Plant 123,261,402 35,160,308 131,345,403 49,270,682 56,947,512 Other Assets 42,204,168 33,556,507 43,052,306 13,266,966 20,510,955 ------------------------------------------------------------------------------------------------------------------ Total Assets $165,465,570 $ 68,716,815 $174,397,709 $ 62,537,648 $ 77,458,467 ================================================================================================================== EQUITY & LIABILITIES Equity 65,666,520 22,403,235 68,281,270 27,033,261 34,268,499 Long-term Debt 84,327,426 16,134,113 93,764,866 23,682,798 34,163,277 Other Liabilities 15,471,624 30,179,467 12,351,573 11,821,589 9,026,691 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $165,465,570 $ 68,716,815 $174,397,709 $ 62,537,648 $ 77,458,467 ==================================================================================================================
Little Irwin Jackson Jefferson Lamar Ocmulgee ----- ------- --------- ----- -------- 2001 ---- ASSETS Total Utility Plant(1) $ 43,044,712 $460,211,032 $ 90,443,922 $ 35,727,533 $ 33,848,730 Depreciation 9,744,503 75,259,038 14,887,663 10,020,312 8,426,123 ------------------------------------------------------------------------------------------------------------------ Net Plant 33,300,209 384,951,994 75,556,259 25,707,221 25,422,607 Other Assets 7,463,359 100,247,743 18,429,986 7,852,910 5,720,382 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 40,763,568 $485,199,737 $ 93,986,245 $ 33,560,131 $ 31,142,989 --------------------------------------- ------------ ------------ ------------ ------------ ------------ EQUITY & LIABILITIES Equity 12,706,865 163,845,763 31,157,475 15,700,102 11,634,666 Long-term Debt 25,485,198 247,429,389 48,269,259 13,996,668 15,840,646 Other Liabilities 2,571,505 73,924,585 14,559,511 3,863,361 3,667,677 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 40,763,568 $485,199,737 $ 93,986,245 $ 33,560,131 $ 31,142,989 ================================================================================================================== Table 6 (continued) 2000 ---- ASSETS Total Utility Plant(1) $ 39,160,171 $428,276,455 $ 85,534,142 $ 33,073,046 $ 32,059,996 Depreciation 9,199,355 65,639,719 13,931,350 9,373,984 7,644,629 ------------------------------------------------------------------------------------------------------------------ Net Plant 29,960,816 362,636,736 71,602,792 23,699,062 24,415,367 Other Assets 7,280,549 91,702,251 18,213,342 7,602,447 5,921,045 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 37,241,365 $454,338,987 $ 89,816,134 $ 31,301,509 $ 30,336,412 ================================================================================================================== EQUITY & LIABILITIES Equity 11,600,126 153,309,718 28,216,518 14,891,608 11,179,797 Long-term Debt 20,753,254 215,725,333 31,931,818 12,330,638 16,376,489 Other Liabilities 4,887,985 85,303,936 29,667,798 4,079,263 2,780,126 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 37,241,365 $454,338,987 $ 89,816,134 $ 31,301,509 $ 30,336,412 ================================================================================================================== 1999 ---- ASSETS Total Utility Plant(1) $ 34,331,833 $389,957,523 $ 75,962,437 $ 29,828,658 $ 29,889,645 Depreciation 8,783,211 57,018,429 13,215,098 8,581,497 7,027,315 ------------------------------------------------------------------------------------------------------------------ Net Plant 25,548,622 332,939,094 62,747,339 21,247,161 22,862,330 Other Assets 6,941,976 80,620,824 16,768,314 7,501,118 5,363,477 ------------------------------------------------------------------------------------------------------------------ Total Assets $ 32,490,598 $413,559,918 $ 79,515,653 $ 28,748,279 $ 28,225,807 ================================================================================================================== EQUITY & LIABILITIES Equity 11,008,736 147,428,164 26,876,414 15,187,679 10,815,449 Long-term Debt 19,002,259 210,910,283 33,029,532 9,546,298 15,399,900 Other Liabilities 2,479,602 55,221,471 19,609,707 4,014,302 2,010,458 ------------------------------------------------------------------------------------------------------------------ Total Equity and Liabilities $ 32,490,597 $413,559,918 $ 79,515,653 $ 28,748,279 $ 28,225,807 ==================================================================================================================
Slash Snapping Three Tri- Pine Shoals Sumter Notch County ---- ------ ------ ----- ------ 2001 ---- ASSETS Total Utility Plant(1) $ 19,890,516 $ 141,083,423 $ 60,977,143 $ 37,914,850 $ 53,799,159 Depreciation 4,452,786 39,363,643 15,869,555 8,021,744 9,230,730 ---------------------------------------------------------------------------------------------------------------------------- Net Plant 15,437,730 101,719,780 45,107,588 29,893,106 44,568,429 Other Assets 4,653,727 35,618,219 13,766,952 12,039,850 8,786,495 ---------------------------------------------------------------------------------------------------------------------------- Total Assets $ 20,091,457 $ 137,337,999 $ 58,874,540 $ 41,932,956 $ 53,354,924 ============================================================================================================================ EQUITY & LIABILITIES Equity 8,663,508 51,955,142 24,011,644 18,449,458 19,781,792 Long-term Debt 8,264,449 62,786,245 29,119,559 19,890,867 22,641,258 Other Liabilities 3,163,500 22,596,612 5,743,337 3,592,631 10,931,874 ---------------------------------------------------------------------------------------------------------------------------- Total Equity and Liabilities $ 20,091,457 $ 137,337,999 $ 58,874,540 $ 41,932,956 $ 53,354,924 ============================================================================================================================ 2000 ---- ASSETS Total Utility Plant(1) $ 19,426,039 $ 126,928,146 $ 55,811,440 $ 35,517,916 $ 48,297,993 Depreciation 4,421,831 35,080,187 15,797,128 7,369,690 8,604,683 ---------------------------------------------------------------------------------------------------------------------------- Net Plant 15,004,208 91,847,959 40,014,312 28,148,226 39,693,310 Other Assets 4,894,678 37,228,528 12,185,730 12,685,047 8,839,974 ---------------------------------------------------------------------------------------------------------------------------- Total Assets $ 19,898,886 $ 129,076,487 $ 52,200,042 $ 40,833,273 $ 48,533,284 ============================================================================================================================ EQUITY & LIABILITIES Equity 8,242,779 49,006,738 21,947,293 17,294,616 18,721,225 Long-term Debt 8,529,583 64,850,833 25,517,380 16,123,135 22,864,807 Other Liabilities 3,126,524 15,218,916 4,735,369 7,415,522 6,947,252 ---------------------------------------------------------------------------------------------------------------------------- Total Equity and Liabilities $ 19,898,886 $ 129,076,487 $ 52,200,042 $ 40,833,273 $ 48,533,284 ============================================================================================================================ Table 6 (continued) 1999 ---- ASSETS Total Utility Plant(1) $ 18,510,517 $ 120,833,798 $ 52,056,409 $ 33,856,792 $ 44,940,335 Depreciation 4,136,153 32,688,024 15,677,745 7,049,468 37,216,448 ---------------------------------------------------------------------------------------------------------------------------- Net Plant 14,374,364 88,145,774 36,378,664 26,807,324 7,723,887 Other Assets 4,773,812 30,088,871 12,173,994 34,599,504 36,929,805 ---------------------------------------------------------------------------------------------------------------------------- Total Assets $ 19,148,176 $ 118,234,645 $ 48,552,658 $ 61,406,828 $ 44,653,692 ============================================================================================================================ EQUITY & LIABILITIES Equity 8,075,602 46,423,118 20,568,152 16,399,050 18,261,202 Long-term Debt 8,766,021 57,498,485 22,544,249 17,900,358 18,133,310 Other Liabilities 2,306,553 14,313,042 5,440,257 27,107,420 8,259,180 ---------------------------------------------------------------------------------------------------------------------------- Total Equity and Liabilities $ 19,148,176 $ 118,234,645 $ 48,552,658 $ 61,406,828 $ 44,653,692 ============================================================================================================================
Upson MEMBER Troup (2) County Walton Washington TOTAL --------- ------ ------ ---------- ----- 2001 ---- ASSETS Total Utility Plant(1) $ 74,742,266 $ 16,799,063 $ 222,272,129 $ 50,727,261 $4,001,823,970 Depreciation 23,232,878 4,066,990 56,701,717 14,399,025 811,236,978 ---------------------------------------------------------------------------------------------------------------------------- Net Plant 51,509,388 12,732,073 165,570,412 36,328,236 3,190,586,992 Other Assets 12,835,735 5,350,661 177,384,443 18,253,311 1,095,856,334 ---------------------------------------------------------------------------------------------------------------------------- Total Assets $ 64,345,123 $ 18,082,734 $ 342,954,855 $ 54,581,547 $4,286,443,326 ============================================================================================================================ EQUITY & LIABILITIES Equity 36,396,444 9,553,397 95,488,933 27,909,733 1,594,672,138 Long-term Debt 22,911,015 6,752,583 211,448,236 22,782,319 2,116,405,814 Other Liabilities 5,037,663 1,776,754 36,017,686 3,889,495 575,365,373 ---------------------------------------------------------------------------------------------------------------------------- Total Equity and Liabilities $ 64,345,123 $ 18,082,734 $ 342,954,855 $ 54,581,547 $4,286,443,326 ============================================================================================================================ 2000 ---- ASSETS Total Utility Plant(1) $ 70,701,051 $ 15,839,365 $ 211,010,486 $ 48,623,224 $3,728,224,824 Depreciation 20,915,459 4,042,840 52,215,850 13,506,212 744,379,474 ---------------------------------------------------------------------------------------------------------------------------- Net Plant 49,785,592 11,796,525 158,794,636 35,117,012 2,983,845,350 Other Assets 15,485,495 5,085,849 182,393,188 19,984,727 1,055,445,290 ---------------------------------------------------------------------------------------------------------------------------- Total Assets $ 65,271,087 $ 16,882,374 $ 341,187,824 $ 55,101,739 $4,039,290,640 ============================================================================================================================ EQUITY & LIABILITIES Equity 35,782,648 9,002,295 92,488,477 27,235,882 1,513,764,526 Long-term Debt 23,666,863 6,070,210 212,534,511 23,542,267 1,958,314,692 Other Liabilities 5,821,576 1,809,869 36,164,836 4,323,590 567,211,423 ---------------------------------------------------------------------------------------------------------------------------- Total Equity and Liabilities $ 65,271,087 $ 16,882,374 $ 341,187,824 $ 55,101,739 $4,039,290,640 ============================================================================================================================ 1999 ---- ASSETS Total Utility Plant(1) $ 65,519,784 $ 14,579,055 $ 197,342,702 $ 46,447,652 $3,371,268,742 Depreciation 18,423,800 3,957,446 149,110,311 12,598,933 853,924,490 ---------------------------------------------------------------------------------------------------------------------------- Net Plant 47,095,984 10,621,609 48,232,391 33,848,719 2,517,344,252 Other Assets 17,496,097 4,520,339 159,301,672 17,490,357 1,192,289,764 ---------------------------------------------------------------------------------------------------------------------------- Total Assets $ 64,592,081 $ 15,141,948 $ 207,534,063 $ 51,339,076 $3,685,851,476 ============================================================================================================================ EQUITY & LIABILITIES Equity 34,998,995 8,518,571 90,898,758 27,069,327 1,460,326,087 Long-term Debt 24,380,509 4,982,030 76,755,942 20,630,089 1,734,893,303 Other Liabilities 5,212,577 1,641,347 39,879,363 3,639,660 490,632,084 ---------------------------------------------------------------------------------------------------------------------------- Total Equity and Liabilities $ 64,592,081 $ 15,141,948 $ 207,534,063 $ 51,339,076 $3,685,851,474 ============================================================================================================================
(1) Including construction work in progress. (2) Now known as Diverse Power Incorporated