EX-99.1 7 a2238440zex-99_1.htm EX-99.1
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Exhibit 99.1


FINANCIAL AND STATISTICAL INFORMATION FOR
38 MEMBERS OF OGLETHORPE POWER CORPORATION

        Our 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 our members. Refunds of accumulated patronage capital to the individual consumers may be made from time to time subject to limitations contained in mortgages between our members and the Rural Utilities Service or loan documents with other lenders. The Rural Utilities Service 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%.

        We are a membership corporation, and our members are not our subsidiaries. Except with respect to the obligations of our members under each member's wholesale power contract with us and our rights under such contracts to receive payment for power and energy supplied, we have no legal interest in, or obligations in respect of, any of the assets, liabilities, equity, revenues or margins of our members.

        The following selected information on the individual members is intended to show, in the aggregate, the assets, liabilities, equity, revenues and margins of our members. Member assets, liabilities, equity, revenues and margins should not, however, be attributed to us. In addition, the revenues of our members are not pledged to us, but such revenues are received by the respective members and are the source from which moneys are derived by our members to pay for power and energy received from us. Revenues of our members are, however, pledged under their respective Rural Utilities Service mortgages or loan documents with other lenders.

        The information contained in these tables was taken from Rural Utilities Service 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 the Rural Utilities Service, any lender or us. The "Total" columns were not supplied or compiled by the Rural Utilities Service, any lender or our 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, except as provided in the wholesale power contracts (see "BUSINESS—OGLETHORPE POWER CORPORATION—Wholesale Power Contracts" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018). In addition, the Times Interest Earned, Equity to Assets and Equity to Total Capitalization ratios were calculated by us from information obtained from each member's RUS Form 7 or other financial information provided to us, but the calculations were not independently verified by our members. No adjustments were made by us in calculating these ratios for items such as debt refinancings that are not reflected separately on the financial information provided to us.

        For the calendar years 2016, 2017 and 2018, 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 Megawatt-hour Sales by Consumer Class,
    Table 4—Annual Revenues by Consumer Class,
    Table 5—Summary of Operating Results, and
    Table 6—Condensed Balance Sheet Information.



FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 1
SELECTED STATISTICS OF EACH MEMBER
(as of December 31)

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2018

                                                             

Avg. Monthly Residential Rev. ($)

    146.46     139.84     144.42     145.49     132.10     173.15     130.00     132.33     141.41     183.37  

Avg. Monthly Residential kWh

    1,093     1,252     1,215     1,231     1,339     1,273     1,190     1,226     1,289     1,304  

Avg. Residential Rev.(cents per kWh)

    13.40     11.17     11.89     11.82     9.87     13.60     10.92     10.79     10.97     14.06  

Times Interest Earned Ratio (1)

   
2.67
   
2.11
   
2.23
   
3.19
   
2.00
   
4.51
   
2.72
   
2.23
   
2.66
   
1.29
 

Equity / Assets (1)

    54%     45%     47%     46%     34%     37%     41%     44%     45%     33%  

Equity / Total Capitalization (1)

    60%     61%     56%     51%     42%     41%     50%     52%     53%     38%  

2017

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    141.53     130.92     145.14     135.06     121.48     171.71     128.13     122.76     130.48     160.37  

Avg. Monthly Residential kWh

    1,029     1,125     1,140     1,118     1,242     1,221     1,103     1,155     1,194     1,192  

Avg. Residential Rev.(cents per kWh)

    13.76     11.64     12.73     12.08     9.78     14.06     11.62     10.63     10.93     13.45  

Times Interest Earned Ratio (1)

   
2.24
   
2.27
   
2.21
   
3.13
   
2.03
   
2.54
   
1.95
   
2.23
   
2.26
   
1.30
 

Equity / Assets (1)

    55%     48%     46%     46%     35%     34%     36%     43%     45%     35%  

Equity / Total Capitalization (1)

    61%     64%     56%     52%     40%     37%     46%     52%     51%     40%  

2016

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    140.54     135.84     144.19     142.51     124.50     170.46     128.21     130.43     130.81     160.78  

Avg. Monthly Residential kWh

    1,076     1,199     1,183     1,186     1,324     1,253     1,224     1,218     1,282     1,273  

Avg. Residential Rev.(cents per kWh)

    13.06     11.33     12.19     12.02     9.40     13.60     10.47     10.71     10.21     12.63  

Times Interest Earned Ratio (1)

   
2.67
   
2.10
   
2.14
   
4.05
   
1.53
   
2.31
   
2.72
   
3.46
   
3.19
   
1.16
 

Equity / Assets (1)

    59%     46%     45%     46%     37%     33%     36%     44%     45%     35%  

Equity / Total Capitalization (1)

    66%     60%     55%     53%     43%     37%     46%     52%     50%     40%  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2018

                                                             

Avg. Monthly Residential Rev. ($)

    158.26     160.66     127.21     150.66     148.00     159.34     144.41     142.01     131.65     138.40  

Avg. Monthly Residential kWh

    1,250     1,186     1,009     1,213     1,203     1,244     1,120     1,232     1,261     1,118  

Avg. Residential Rev.(cents per kWh)

    12.66     13.54     12.61     12.42     12.30     12.81     12.90     11.53     10.44     12.38  

Times Interest Earned Ratio (1)

   
2.30
   
1.83
   
3.73
   
1.93
   
2.25
   
3.57
   
2.85
   
2.68
   
3.02
   
5.48
 

Equity / Assets (1)

    41%     47%     62%     40%     38%     51%     35%     46%     37%     45%  

Equity / Total Capitalization (1)

    45%     65%     75%     47%     43%     58%     40%     55%     53%     52%  

2017

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    149.93     157.95     117.75     141.42     146.24     148.85     141.16     135.28     129.20     133.83  

Avg. Monthly Residential kWh

    1,150     1,118     940     1,128     1,158     1,158     1,000     1,156     1,178     1,082  

Avg. Residential Rev.(cents per kWh)

    13.04     14.13     12.53     12.54     12.63     12.85     14.11     11.70     10.96     12.37  

Times Interest Earned Ratio (1)

   
1.02
   
2.65
   
3.16
   
1.87
   
1.95
   
2.79
   
2.65
   
3.55
   
3.11
   
2.04
 

Equity / Assets (1)

    41%     52%     57%     39%     37%     51%     33%     45%     37%     41%  

Equity / Total Capitalization (1)

    47%     64%     71%     46%     41%     58%     38%     56%     51%     50%  

2016

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    143.56     156.44     122.72     143.64     139.03     152.95     146.69     132.99     124.76     140.10  

Avg. Monthly Residential kWh

    1,236     1,183     995     1,201     1,190     1,210     1,064     1,215     1,293     1,138  

Avg. Residential Rev.(cents per kWh)

    11.62     13.23     12.33     11.96     11.68     12.64     13.79     10.95     9.65     12.31  

Times Interest Earned Ratio (1)

   
2.53
   
2.60
   
3.83
   
1.86
   
1.79
   
2.97
   
2.07
   
3.88
   
2.40
   
2.41
 

Equity / Assets (1)

    42%     52%     57%     38%     37%     51%     30%     44%     35%     41%  

Equity / Total Capitalization (1)

    46%     61%     68%     44%     43%     57%     35%     58%     48%     49%  

Footnotes:

(1)
Times Interest Earned and Equity ratios were calculated from information contained on each Member's RUS Form 7, or similar form provided to another lender, and were not independently verified by each respective Member.


Table 1 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2018

                                                             

Avg. Monthly Residential Rev. ($)

    130.61     168.63     139.03     130.38     136.85     151.48     150.30     135.54     141.11     132.36  

Avg. Monthly Residential kWh

    1,282     1,298     1,101     1,251     1,112     1,172     1,077     1,286     1,167     1,001  

Avg. Residential Rev.(cents per kWh)

    10.19     12.99     12.62     10.42     12.31     12.92     13.96     10.54     12.10     13.22  

Times Interest Earned Ratio (1)

   
2.52
   
1.91
   
2.63
   
4.17
   
2.42
   
3.14
   
1.78
   
2.59
   
2.11
   
2.42
 

Equity / Assets (1)

    60%     39%     41%     48%     38%     47%     34%     43%     34%     38%  

Equity / Total Capitalization (1)

    71%     48%     56%     55%     47%     59%     37%     53%     42%     46%  

2017

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    123.29     158.07     148.42     114.93     133.66     136.28     146.71     123.41     138.36     125.45  

Avg. Monthly Residential kWh

    1,195     1,305     1,055     1,153     1,013     1,052     1,017     1,184     1,081     943  

Avg. Residential Rev.(cents per kWh)

    10.32     12.12     14.06     9.97     13.19     12.95     14.43     10.42     12.80     13.30  

Times Interest Earned Ratio (1)

   
2.59
   
1.92
   
3.25
   
2.81
   
2.52
   
2.88
   
1.85
   
2.80
   
2.16
   
1.89
 

Equity / Assets (1)

    58%     39%     45%     46%     38%     48%     33%     43%     44%     36%  

Equity / Total Capitalization (1)

    68%     48%     55%     51%     50%     57%     37%     50%     52%     42%  

2016

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    123.68     152.08     145.99     123.23     137.19     143.15     138.48     130.61     141.81     133.44  

Avg. Monthly Residential kWh

    1,260     1,295     1,104     1,240     1,043     1,126     1,084     1,275     1,149     1,014  

Avg. Residential Rev.(cents per kWh)

    9.82     11.74     13.22     9.94     13.15     12.71     12.77     10.24     12.34     13.16  

Times Interest Earned Ratio (1)

   
2.45
   
1.93
   
2.98
   
3.12
   
2.15
   
2.49
   
1.62
   
2.63
   
2.32
   
1.83
 

Equity / Assets (1)

    59%     37%     45%     45%     40%     46%     33%     42%     44%     37%  

Equity / Total Capitalization (1)

    68%     45%     52%     51%     49%     55%     35%     49%     53%     42%  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
WTD. AVG.
 

2018

                                                             

Avg. Monthly Residential Rev. ($)

    133.25     163.79     172.89     118.03     149.94     127.70     151.05     130.86           140.57  

Avg. Monthly Residential kWh

    1,356     1,298     1,334     895     1,209     1,144     1,305     1,094           1,244  

Avg. Residential Rev.(cents per kWh)

    9.83     12.6     12.96     13.2     12.41     11.16     11.57     11.96           11.30  

Times Interest Earned Ratio (1)

   
2.05
   
2.60
   
2.08
   
4.91
   
2.13
   
3.91
   
1.85
   
2.67
         
2.64
 

Equity / Assets (1)

    34%     41%     48%     39%     38%     64%     37%     52%           42%  

Equity / Total Capitalization (1)

    54%     50%     55%     53%     42%     73%     61%     56%           52%  

2017

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    121.84     151.83     161.21     117.82     136.04     121.97     136.19     124.24           132.06  

Avg. Monthly Residential kWh

    1,239     1,197     1,242     853     1,103     1,079     1,204     1,009           1,156  

Avg. Residential Rev.(cents per kWh)

    9.83     12.68     12.98     13.80     12.34     11.31     11.31     12.31           11.43  

Times Interest Earned Ratio (1)

   
1.89
   
2.08
   
1.93
   
3.03
   
1.92
   
3.58
   
3.10
   
2.40
         
2.43
 

Equity / Assets (1)

    35%     41%     50%     46%     37%     61%     33%     52%           41%  

Equity / Total Capitalization (1)

    55%     50%     55%     51%     41%     69%     56%     57%           51%  

2016

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    129.42     155.57     166.28     122.62     135.78     124.72     141.48     128.15           134.61  

Avg. Monthly Residential kWh

    1,341     1,264     1,323     904     1,172     1,109     1,304     1,073           1,236  

Avg. Residential Rev.(cents per kWh)

    9.65     12.31     12.57     13.56     11.58     11.24     10.85     11.94           10.89  

Times Interest Earned Ratio (1)

   
1.83
   
2.84
   
1.69
   
4.58
   
1.60
   
3.11
   
1.82
   
3.06
         
2.52
 

Equity / Assets (1)

    36%     38%     46%     45%     37%     56%     35%     53%           41%  

Equity / Total Capitalization (1)

    55%     46%     51%     50%     41%     63%     57%     57%           50%  

Footnotes:

(1)
Times Interest Earned and Equity ratios were calculated from information contained on each Member's RUS Form 7, or similar form provided to another lender, and were not independently verified by each respective Member.


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 2
AVERAGE NUMBER OF CONSUMERS SERVED BY EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2018

                                                             

Residential Service

    18,636     44,166     20,892     48,313     51,547     16,877     185,039     60,458     74,306     29,926  

Commercial & Industrial

    1,851     4,972     372     2,543     5,149     2,645     16,785     3,552     6,187     4,176  

Other

    248     8     460     381     337     141     5,358     3,100     792     969  

Total Consumers Served

    20,735     49,146     21,724     51,237     57,033     19,663     207,182     67,110     81,285     35,071  

2017

                                                             

Residential Service

    18,524     43,564     20,636     47,873     50,524     16,174     183,170     59,857     73,281     29,812  

Commercial & Industrial

    1,835     4,810     360     2,525     4,914     2,454     16,590     3,527     6,100     4,174  

Other

    227     8     452     376     322     143     5,352     3,008     777     969  

Total Consumers Served

    20,586     48,382     21,448     50,774     55,760     18,771     205,112     66,392     80,158     34,955  

2016

                                                             

Residential Service

    18,357     42,959     20,443     47,480     49,646     15,882     181,038     59,193     71,873     29,680  

Commercial & Industrial

    1,817     4,675     352     2,512     4,705     2,374     16,343     3,485     5,985     4,180  

Other

    238     8     432     375     312     144     5,322     2,906     767     953  

Total Consumers Served

    20,412     47,642     21,227     50,367     54,663     18,400     202,703     65,584     78,625     34,813  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2018

                                                             

Residential Service

    5,174     20,993     10,914     10,417     34,311     15,442     15,579     50,705     160,224     8,527  

Commercial & Industrial

    1,740     1,162     672     2,033     2,294     606     2,865     2,676     16,653     167  

Other

    1,186     2,925     608     186     439     974         2,396     1,970     201  

Total Consumers Served

    8,100     25,080     12,194     12,636     37,044     17,022     18,444     55,777     178,847     8,895  

2017

                                                             

Residential Service

    5,164     21,139     10,893     10,406     33,645     15,372     15,567     50,490     156,377     8,173  

Commercial & Industrial

    1,714     1,173     666     1,998     2,421     587     2,815     2,669     16,388     372  

Other

    1,158     2,892     598     180     435     964         2,345     1,964     273  

Total Consumers Served

    8,036     25,204     12,157     12,584     36,501     16,923     18,382     55,504     174,729     8,818  

2016

                                                             

Residential Service

    5,126     21,102     10,871     10,377     33,088     15,210     15,587     50,156     151,906     8,067  

Commercial & Industrial

    1,703     1,190     659     1,948     2,449     585     2,711     2,640     15,935     373  

Other

    1,135     2,868     579     177     433     943         2,313     1,929     257  

Total Consumers Served

    7,964     25,160     12,109     12,502     35,970     16,738     18,298     55,109     169,770     8,697  

Table 2 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2018

                                                             

Residential Service

    21,259     75,165     18,673     120,754     32,222     28,213     10,611     206,476     32,030     10,833  

Commercial & Industrial

    1,407     10,417     493     10,587     2,526     8,100     225     17,583     1,776     145  

Other

    413     1,114     685     1,586     6     11     1,581     4,891     427     432  

Total Consumers Served

    23,079     86,696     19,851     132,927     34,754     36,324     12,417     228,950     34,233     11,410  

2017

                                                             

Residential Service

    20,982     73,923     18,594     118,255     32,019     28,147     10,619     202,989     31,799     10,795  

Commercial & Industrial

    1,373     10,284     490     10,509     2,482     7,844     225     17,305     1,760     143  

Other

    396     1,092     683     1,531     3     11     1,569     4,793     420     435  

Total Consumers Served

    22,751     85,299     19,767     130,295     34,504     36,002     12,413     225,087     33,979     11,373  

2016

                                                             

Residential Service

    20,741     72,852     18,484     115,884     31,818     28,081     10,572     199,741     31,556     10,662  

Commercial & Industrial

    1,369     10,094     492     10,510     2,401     7,627     219     16,963     1,744     141  

Other

    387     1,070     673     1,513     7     11     1,526     4,732     414     420  

Total Consumers Served

    22,497     84,016     19,649     127,907     34,226     35,719     12,317     221,436     33,714     11,223  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2018

                                                             

Residential Service

    93,985     18,226     14,761     13,778     19,453     8,362     118,824     14,800           1,740,871  

Commercial & Industrial

    4,120     1,066     5,034     501     2,074     626     8,045     596           154,421  

Other

    1,296     20     781     982         124     1,682     130           38,840  

Total Consumers Served

    99,401     19,312     20,576     15,261     21,527     9,112     128,551     15,526           1,934,132  

2017

                                                             

Residential Service

    92,596     17,976     14,758     13,820     19,320     8,321     117,269     14,740           1,717,563  

Commercial & Industrial

    4,112     1,067     4,997     509     2,048     661     7,922     605           152,428  

Other

    1,272     19     757     962         120     1,689     124           38,319  

Total Consumers Served

    97,980     19,062     20,512     15,291     21,368     9,102     126,880     15,469           1,908,310  

2016

                                                             

Residential Service

    90,999     17,817     14,707     13,792     19,218     8,312     115,494     14,701           1,693,472  

Commercial & Industrial

    4,047     1,079     4,943     514     2,013     658     7,815     602           149,852  

Other

    1,249     18     725     948         113     1,687     118           37,702  

Total Consumers Served

    96,295     18,914     20,375     15,254     21,231     9,083     124,996     15,421           1,881,026  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 3
ANNUAL MWh SALES BY CONSUMER CLASS OF EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2018

                                                             

Residential Service

    244,482     663,321     304,568     713,714     827,959     257,867     2,642,429     889,645     1,149,478     468,382  

Commercial & Industrial

    173,694     118,902     121,043     390,532     443,688     263,344     1,214,563     281,552     462,895     205,920  

Other

    6,983     164     5,135     6,750     4,001     2,652     257,274     84,912     8,046     36,048  

Total MWh Sales

    425,158     782,387     430,745     1,110,995     1,275,648     523,862     4,114,266     1,256,109     1,620,419     710,350  

2017

                                                             

Residential Service

    228,658     588,113     282,349     642,477     753,012     237,054     2,424,326     829,766     1,050,168     426,514  

Commercial & Industrial

    168,606     110,224     115,166     375,690     424,127     247,319     1,184,070     277,134     451,792     200,473  

Other

    9,197     166     5,900     6,319     4,314     2,487     257,839     91,794     8,284     39,966  

Total MWh Sales

    406,461     698,502     403,415     1,024,486     1,181,453     486,860     3,866,234     1,198,694     1,510,244     666,952  

2016

                                                             

Residential Service

    236,991     618,095     290,205     675,797     789,026     238,806     2,659,656     864,851     1,105,301     453,385  

Commercial & Industrial

    163,099     113,219     115,030     381,686     427,126     233,845     1,218,614     275,161     455,282     205,428  

Other

    11,632     174     8,428     6,909     4,445     2,561     266,644     115,668     8,245     47,517  

Total MWh Sales

    411,721     731,488     413,663     1,064,392     1,220,597     475,211     4,144,914     1,255,679     1,568,828     706,330  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2018

                                                             

Residential Service

    77,589     298,891     132,120     151,675     495,273     230,479     209,327     749,663     2,424,473     114,359  

Commercial & Industrial

    44,699     78,282     52,217     120,606     61,528     27,248     66,796     315,381     1,038,654     63,607  

Other

    18,790     52,894     6,629     5,223     17,415     19,652         32,155     173,179     3,552  

Total MWh Sales

    141,078     430,067     190,965     277,504     574,216     277,379     276,122     1,097,199     3,636,306     181,518  

2017

                                                             

Residential Service

    71,249     283,533     122,811     140,821     467,470     213,615     186,864     700,359     2,211,477     106,134  

Commercial & Industrial

    41,838     78,844     49,331     115,294     59,222     26,706     61,647     318,399     1,003,193     63,379  

Other

    21,316     70,189     8,549     5,465     16,582     22,221         34,418     161,278     3,500  

Total MWh Sales

    134,403     432,566     180,691     261,580     543,274     262,543     248,511     1,053,176     3,375,948     173,013  

2016

                                                             

Residential Service

    76,012     299,487     129,811     149,572     472,568     220,918     198,992     731,312     2,357,371     110,157  

Commercial & Industrial

    41,397     82,618     50,613     112,356     65,630     28,508     61,525     316,483     1,022,125     63,841  

Other

    35,696     91,969     13,887     7,513     17,175     30,914         44,225     159,175     4,664  

Total MWh Sales

    153,105     474,074     194,311     269,441     555,373     280,341     260,517     1,092,020     3,538,670     178,661  

Table 3 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2018

                                                             

Residential Service

    327,007     1,171,060     246,801     1,813,154     429,836     396,864     137,097     3,186,606     448,418     130,133  

Commercial & Industrial

    71,565     597,767     36,102     1,057,917     107,621     200,322     33,333     2,096,687     121,603     52,713  

Other

    4,247     45,772     15,009     14,757     101     684     19,610     299,703     18,893     4,932  

Total MWh Sales

    402,819     1,814,599     297,912     2,885,829     537,558     597,870     190,041     5,582,996     588,914     187,779  

2017

                                                             

Residential Service

    300,791     1,157,198     235,483     1,636,365     389,221     355,448     129,568     2,883,533     412,559     122,162  

Commercial & Industrial

    67,486     601,128     33,290     1,014,581     92,456     190,696     32,697     2,014,145     112,056     51,164  

Other

    3,977     47,044     18,351     15,178     10,108     624     25,916     294,638     18,604     6,394  

Total MWh Sales

    372,254     1,805,370     287,124     2,666,125     491,785     546,768     188,181     5,192,316     543,219     179,721  

2016

                                                             

Residential Service

    313,624     1,132,435     244,882     1,723,973     398,313     379,577     137,525     3,057,123     435,266     129,698  

Commercial & Industrial

    68,150     570,627     40,307     1,041,053     100,788     199,265     32,888     2,019,347     116,502     51,479  

Other

    6,658     60,486     20,059     15,431     142     896     36,815     301,831     25,503     9,371  

Total MWh Sales

    388,433     1,763,548     305,248     2,780,456     499,243     579,739     207,228     5,378,301     577,270     190,548  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2018

                                                             

Residential Service

    1,529,226     283,906     236,288     148,019     282,158     114,832     1,861,384     194,279           25,982,761  

Commercial & Industrial

    478,524     52,012     94,976     26,150     100,564     15,941     698,569     178,775           11,566,289  

Other

    18,090     5,133     31,203     31,064         2,968     75,432     5,360           1,334,413  

Total MWh Sales

    2,025,840     341,051     362,467     205,233     382,722     133,741     2,635,384     378,414           38,883,463  

2017

                                                             

Residential Service

    1,376,773     258,258     219,955     141,542     255,630     107,716     1,693,836     178,472           23,821,280  

Commercial & Industrial

    475,406     51,672     92,711     28,492     97,103     15,911     674,333     177,466           11,195,246  

Other

    17,849     5,117     31,841     44,192         3,821     73,943     5,430           1,392,808  

Total MWh Sales

    1,870,028     315,047     344,507     214,225     352,733     127,448     2,442,111     361,368           36,409,335  

2016

                                                             

Residential Service

    1,464,509     270,249     233,402     149,662     270,347     110,627     1,807,421     189,321           25,126,266  

Commercial & Industrial

    490,814     52,507     96,296     28,816     98,769     15,025     691,274     178,917           11,326,407  

Other

    17,696     5,496     54,826     54,118         3,175     74,541     7,837           1,572,321  

Total MWh Sales

    1,973,019     328,252     384,524     232,596     369,116     128,828     2,573,236     376,074           38,024,995  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 4
ANNUAL REVENUES BY CONSUMER CLASS OF EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2018

                                                             

Residential Service

  $ 32,752,880   $ 74,113,228   $ 36,207,840   $ 84,350,577   $ 81,709,339   $ 35,067,018   $ 288,651,411   $ 96,004,648   $ 126,091,128   $ 65,849,485  

Commercial & Industrial

    16,793,300     14,587,149     9,972,993     30,558,970     33,146,913     23,463,497     113,517,188     25,498,098     43,576,516     20,729,601  

Other

    861,945     35,121     773,740     904,816     736,024     444,126     23,163,771     9,175,385     1,902,315     4,722,492  

Total Electric Sales

  $ 50,408,125   $ 88,735,498   $ 46,954,573   $ 115,814,363   $ 115,592,276   $ 58,974,641   $ 425,332,370   $ 130,678,131   $ 171,569,959   $ 91,301,578  

Other Operating Revenue

    644,174     (2,829,155 )   8,733,048     3,902,139     6,119,163     834,102     9,154,425     3,399,061     (1,611,741 )   1,032,426  

Total Operating Revenue

  $ 51,052,299   $ 85,906,343   $ 55,687,621   $ 119,716,502   $ 121,711,439   $ 59,808,743   $ 434,486,795   $ 134,077,192   $ 169,958,218   $ 92,334,004  

2017

                                                             

Residential Service

  $ 31,461,457   $ 68,442,415   $ 35,940,832   $ 77,588,814   $ 73,652,564   $ 33,327,307   $ 281,638,519   $ 88,179,161   $ 114,740,389   $ 57,371,191  

Commercial & Industrial

    16,699,065     13,891,377     10,668,684     29,357,826     31,599,258     14,629,110     114,276,077     25,094,485     41,787,305     19,714,963  

Other

    1,094,529     35,016     915,897     846,824     705,964     8,542,982     24,121,882     9,630,952     1,852,285     4,873,068  

Total Electric Sales

  $ 49,255,051   $ 82,368,808   $ 47,525,413   $ 107,793,464   $ 105,957,786   $ 56,499,399   $ 420,036,478   $ 122,904,598   $ 158,379,979   $ 81,959,222  

Other Operating Revenue

    591,100     6,893,271     9,923,402     3,649,001     5,090,391     790,820     9,699,827     3,272,451     2,146,980     2,922,513  

Total Operating Revenue

  $ 49,846,151   $ 89,262,079   $ 57,448,815   $ 111,442,465   $ 111,048,177   $ 57,290,219   $ 429,736,305   $ 126,177,049   $ 160,526,959   $ 84,881,735  

2016

                                                             

Residential Service

  $ 30,958,333   $ 70,028,534   $ 35,373,046   $ 81,197,960   $ 74,170,396   $ 32,487,341   $ 278,532,728   $ 92,644,189   $ 112,820,614   $ 57,261,743  

Commercial & Industrial

    15,268,045     13,879,170     10,891,747     29,976,829     31,226,411     21,053,564     109,039,993     25,581,695     39,101,234     19,828,798  

Other

    1,224,082     35,038     1,140,795     911,026     691,249     423,990     23,531,795     12,213,333     1,825,194     5,342,585  

Total Electric Sales

  $ 47,450,460   $ 83,942,742   $ 47,405,588   $ 112,085,815   $ 106,088,056   $ 53,964,895   $ 411,104,516   $ 130,439,217   $ 153,747,042   $ 82,433,126  

Other Operating Revenue

    880,646     6,020,136     5,264,779     2,692,930     1,822,934     813,154     9,804,513     3,269,944     565,736     2,991,272  

Total Operating Revenue

  $ 48,331,106   $ 89,962,878   $ 52,670,367   $ 114,778,745   $ 107,910,990   $ 54,778,049   $ 420,909,029   $ 133,709,161   $ 154,312,778   $ 85,424,398  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2018

                                                             

Residential Service

  $ 9,826,245   $ 40,473,625   $ 16,661,091   $ 18,833,671   $ 60,935,397   $ 29,526,060   $ 26,996,437   $ 86,406,145   $ 253,116,707   $ 14,161,574  

Commercial & Industrial

    5,774,065     8,876,786     5,082,352     10,364,972     7,350,879     3,128,721     8,389,138     22,444,436     96,078,383     6,291,246  

Other

    3,067,832     7,273,113     1,109,522     604,511     1,964,111     2,913,525         4,675,616     17,284,810     483,837  

Total Electric Sales

  $ 18,668,142   $ 56,623,524   $ 22,852,965   $ 29,803,154   $ 70,250,387   $ 35,568,306   $ 35,385,575   $ 113,526,197   $ 366,479,900   $ 20,936,657  

Other Operating Revenue

    227,568     1,477,630     712,424     717,181     801,656     (1,318,206 )   (33,567 )   3,292,757     (6,375,816 )   411,608  

Total Operating Revenue

  $ 18,895,710   $ 58,101,154   $ 23,565,389   $ 30,520,335   $ 71,052,043   $ 34,250,100   $ 35,352,008   $ 116,818,954   $ 360,104,084   $ 21,348,265  

2017

                                                             

Residential Service

  $ 9,290,686   $ 40,066,499   $ 15,392,419   $ 17,659,610   $ 59,043,533   $ 27,456,940   $ 26,369,391   $ 81,964,318   $ 242,447,445   $ 13,125,701  

Commercial & Industrial

    5,590,869     9,421,356     4,655,332     9,952,367     7,313,627     3,024,342     8,384,951     21,944,192     95,847,815     6,509,174  

Other

    3,451,519     9,686,497     1,297,207     616,220     1,948,620     3,188,293         4,678,431     16,751,901     503,573  

Total Electric Sales

  $ 18,333,074   $ 59,174,352   $ 21,344,958   $ 28,228,197   $ 68,305,780   $ 33,669,575   $ 34,754,342   $ 108,586,941   $ 355,047,161   $ 20,138,448  

Other Operating Revenue

    234,296     2,348,934     680,691     570,648     836,958     1,428,024     897,011     3,408,907     824,646     397,617  

Total Operating Revenue

  $ 18,567,370   $ 61,523,286   $ 22,025,649   $ 28,798,845   $ 69,142,738   $ 35,097,599   $ 35,651,353   $ 111,995,848   $ 355,871,807   $ 20,536,065  

2016

                                                             

Residential Service

  $ 8,830,905   $ 39,614,593   $ 16,008,987   $ 17,886,546   $ 55,202,780   $ 27,915,779   $ 27,437,783   $ 80,045,227   $ 227,418,469   $ 13,562,351  

Commercial & Industrial

    4,988,061     9,280,037     4,653,765     9,575,089     7,566,017     3,182,477     8,230,523     21,663,457     88,467,240     6,546,204  

Other

    4,706,794     11,896,922     1,836,741     748,826     1,856,106     4,133,939         5,298,045     16,074,643     597,713  

Total Electric Sales

  $ 18,525,760   $ 60,791,552   $ 22,499,493   $ 28,210,461   $ 64,624,903   $ 35,232,195   $ 35,668,306   $ 107,006,729   $ 331,960,352   $ 20,706,268  

Other Operating Revenue

    337,320     1,814,738     710,567     643,587     873,016     963,695     816,794     3,428,325     (2,453,365 )   408,669  

Total Operating Revenue

  $ 18,863,080   $ 62,606,290   $ 23,210,060   $ 28,854,048   $ 65,497,919   $ 36,195,890   $ 36,485,100   $ 110,435,054   $ 329,506,987   $ 21,114,937  

Table 4 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2018

                                                             

Residential Service

  $ 33,318,941   $ 152,098,460   $ 31,152,965   $ 188,929,439   $ 52,915,402   $ 51,285,058   $ 19,138,282   $ 335,818,765   $ 54,238,259   $ 17,206,722  

Commercial & Industrial

    7,389,076     64,360,626     3,724,329     97,365,724     11,846,336     24,512,415     3,842,470     188,556,032     12,090,082     4,967,324  

Other

    810,756     5,907,606     2,116,351     2,751,568     11,140     74,214     3,302,339     33,947,347     2,651,282     785,861  

Total Electric Sales

  $ 41,518,773   $ 222,366,692   $ 36,993,645   $ 289,046,731   $ 64,772,878   $ 75,871,687   $ 26,283,091   $ 558,322,144   $ 68,979,623   $ 22,959,907  

Other Operating Revenue

    (974,576 )   (2,290,969 )   1,182,312     7,053,523     (164,273 )   (7,603,735 )   419,152     7,328,798     2,822,240     170,804  

Total Operating Revenue

  $ 40,544,197   $ 220,075,723   $ 38,175,957   $ 296,100,254   $ 64,608,605   $ 68,267,952   $ 26,702,243   $ 565,650,942   $ 71,801,863   $ 23,130,711  

2017

                                                             

Residential Service

  $ 31,043,522   $ 140,217,382   $ 33,116,818   $ 163,092,978   $ 51,356,267   $ 46,029,491   $ 18,694,502   $ 300,601,232   $ 52,796,484   $ 16,251,109  

Commercial & Industrial

    7,002,487     60,606,004     3,946,290     88,058,528     11,088,696     22,968,437     3,912,295     179,244,105     11,516,183     4,811,396  

Other

    704,204     5,310,183     2,704,773     2,605,514     873,844     67,481     4,180,678     32,730,706     2,703,846     950,708  

Total Electric Sales

  $ 38,750,213   $ 206,133,569   $ 39,767,881   $ 253,757,020   $ 63,318,807   $ 69,065,409   $ 26,787,475   $ 512,576,043   $ 67,016,513   $ 22,013,213  

Other Operating Revenue

    289,013     3,924,470     1,294,390     7,598,377     2,225,599     3,347,412     631,365     12,580,349     3,339,268     970,730  

Total Operating Revenue

  $ 39,039,226   $ 210,058,039   $ 41,062,271   $ 261,355,397   $ 65,544,406   $ 72,412,821   $ 27,418,840   $ 525,156,392   $ 70,355,781   $ 22,983,943  

2016

                                                             

Residential Service

  $ 30,784,012   $ 132,950,816   $ 32,381,702   $ 171,369,454   $ 52,381,468   $ 48,237,626   $ 17,567,853   $ 313,051,507   $ 53,699,904   $ 17,072,599  

Commercial & Industrial

    6,717,516     55,835,859     4,262,264     89,148,981     11,682,900     23,745,144     3,453,888     176,118,520     11,755,140     4,781,771  

Other

    882,233     6,113,025     2,712,988     2,580,526     10,949     91,829     4,873,550     32,751,099     3,310,740     1,279,698  

Total Electric Sales

  $ 38,383,761   $ 194,899,700   $ 39,356,954   $ 263,098,961   $ 64,075,317   $ 72,074,599   $ 25,895,291   $ 521,921,126   $ 68,765,784   $ 23,134,068  

Other Operating Revenue

    (417,438 )   9,704,708     1,321,474     3,045,635     (667,104 )   (5,507 )   163,758     8,056,021     2,506,470     508,981  

Total Operating Revenue

  $ 37,966,323   $ 204,604,408   $ 40,678,428   $ 266,144,596   $ 63,408,213   $ 72,069,092   $ 26,059,049   $ 529,977,147   $ 71,272,254   $ 23,643,049  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-County   Upson   Walton   Washington    
  MEMBER
TOTAL
 

2018

                                                             

Residential Service

  $ 150,286,034   $ 35,823,848   $ 30,624,808   $ 19,514,389   $ 35,001,919   $ 12,814,282   $ 215,383,921   $ 23,240,650         $ 2,936,526,650  

Commercial & Industrial

    37,818,562     5,664,892     12,938,226     3,883,063     9,709,177     1,888,273     70,620,623     13,867,530           1,080,669,963  

Other

    3,257,955     461,825     4,797,786     6,050,135         368,744     9,636,480     676,831           159,704,832  

Total Electric Sales

  $ 191,362,551   $ 41,950,565   $ 48,360,820   $ 29,447,587   $ 44,711,096   $ 15,071,299   $ 295,641,024   $ 37,785,011         $ 4,176,901,445  

Other Operating Revenue

    6,399,668     1,052,900     (1,329,513 )   640,848     1,157,946     662,985     (15,430,949 )   843,670           31,231,708  

Total Operating Revenue

  $ 197,762,219   $ 43,003,465   $ 47,031,307   $ 30,088,435   $ 45,869,042   $ 15,734,284   $ 280,210,075   $ 38,628,681         $ 4,208,133,153  

2017

                                                             

Residential Service

  $ 135,383,653   $ 32,750,660   $ 28,549,744   $ 19,539,046   $ 31,540,619   $ 12,179,381   $ 191,643,993   $ 21,976,425         $ 2,721,922,497  

Commercial & Industrial

    37,176,511     5,482,849     12,490,830     4,194,576     9,041,106     1,208,075     66,432,264     13,874,957           1,033,417,764  

Other

    3,209,309     474,009     4,739,433     7,724,973         473,873     9,293,331     677,677           174,166,202  

Total Electric Sales

  $ 175,769,473   $ 38,707,518   $ 45,780,007   $ 31,458,595   $ 40,581,725   $ 13,861,329   $ 267,369,588   $ 36,529,059         $ 3,929,506,463  

Other Operating Revenue

    8,816,449     941,178     1,094,569     705,420     1,144,414     718,399     7,610,452     856,518           114,695,860  

Total Operating Revenue

  $ 184,585,922   $ 39,648,696   $ 46,874,576   $ 32,164,015   $ 41,726,139   $ 14,579,728   $ 274,980,040   $ 37,385,577         $ 4,044,202,323  

2016

                                                             

Residential Service

  $ 141,323,532   $ 33,262,210   $ 29,345,457   $ 20,294,865   $ 31,313,436   $ 12,439,737   $ 196,079,667   $ 22,607,410         $ 2,735,561,559  

Commercial & Industrial

    37,711,307     5,301,424     12,524,578     4,040,747     8,608,100     1,718,615     65,490,333     13,492,204           1,016,389,647  

Other

    3,133,313     459,491     6,995,594     9,020,759         383,253     9,138,731     848,875           179,075,469  

Total Electric Sales

  $ 182,168,152   $ 39,023,125   $ 48,865,629   $ 33,356,371   $ 39,921,536   $ 14,541,605   $ 270,708,731   $ 36,948,489         $ 3,931,026,675  

Other Operating Revenue

    565,518     1,130,484     (1,339,245 )   740,161     1,136,016     375,815     (12,051,370 )   967,255           57,411,022  

Total Operating Revenue

  $ 182,733,670   $ 40,153,609   $ 47,526,384   $ 34,096,532   $ 41,057,552   $ 14,917,420   $ 258,657,361   $ 37,915,744         $ 3,988,437,697  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 5
SUMMARY OF OPERATING RESULTS OF EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2018

                                                             

Operating Revenue & Patronage Capital

  $ 51,052,299   $ 85,906,343   $ 55,687,621   $ 119,716,502   $ 121,711,439   $ 59,808,743   $ 434,486,795   $ 134,077,192   $ 169,958,219   $ 92,334,004  

Depreciation and Amortization

    3,815,962     6,350,682     5,666,670     8,718,684     7,031,690     3,521,201     29,070,550     9,332,114     10,596,793     9,490,820  

Other Operating Expenses

    42,013,895     76,065,503     45,758,800     98,667,076     107,868,379     46,164,841     378,738,824     116,491,583     149,219,261     77,410,372  

Electric Operating Margin

  $ 5,222,442   $ 3,490,158   $ 4,262,151   $ 12,330,742   $ 6,811,370   $ 10,122,701   $ 26,677,421   $ 8,253,495   $ 10,142,165   $ 5,432,812  

Other Income

    1,588,384     2,804,468     1,473,988     2,780,173     4,180,277     961,098     31,378,176     1,926,833     7,795,961     1,505,972  

Gross Operating Margin

  $ 6,810,826   $ 6,294,626   $ 5,736,139   $ 15,110,915   $ 10,991,647   $ 11,083,799   $ 58,055,597   $ 10,180,328   $ 17,938,126   $ 6,938,784  

Interest on Long-term Debt

    2,062,134     2,793,950     2,567,659     4,693,856     5,374,857     2,454,690     20,957,580     4,560,891     6,570,576     5,296,076  

Other Deductions

    1,309,388     408,160     7,984     149,625     266,600     23,687     1,132,158         471,770     106,658  

Net Margins

  $ 3,439,304   $ 3,092,516   $ 3,160,496   $ 10,267,434   $ 5,350,190   $ 8,605,422   $ 35,965,859   $ 5,619,437   $ 10,895,780   $ 1,536,050  

2017

                                                             

Operating Revenue & Patronage Capital

  $ 49,846,151   $ 89,262,079   $ 57,448,815   $ 111,442,466   $ 111,048,177   $ 57,290,219   $ 429,736,305   $ 126,177,049   $ 160,526,957   $ 84,881,735  

Depreciation and Amortization

    3,549,751     6,129,901     4,782,723     8,532,019     6,727,316     3,364,713     28,481,542     8,929,227     10,250,389     8,777,717  

Other Operating Expenses

    44,003,675     79,314,560     48,285,368     90,944,113     97,891,980     48,536,510     371,854,308     109,075,602     139,835,245     70,838,803  

Electric Operating Margin

  $ 2,292,725   $ 3,817,618   $ 4,380,724   $ 11,966,334   $ 6,428,881   $ 5,388,996   $ 29,400,455   $ 8,172,220   $ 10,441,323   $ 5,265,215  

Other Income

    1,521,697     3,012,007     1,512,767     2,801,946     4,181,705     832,899     13,589,460     1,882,824     4,171,691     1,518,118  

Gross Operating Margin

  $ 3,814,422   $ 6,829,625   $ 5,893,491   $ 14,768,280   $ 10,610,586   $ 6,221,895   $ 42,989,915   $ 10,055,044   $ 14,613,014   $ 6,783,333  

Interest on Long-term Debt

    1,675,858     2,961,706     2,659,692     4,694,703     5,172,208     2,412,967     21,632,775     4,508,577     6,343,664     5,214,871  

Other Deductions

    55,944     115,357     2,905     75,660     97,979     89,751     847,824         259,831     13,744  

Net Margins

  $ 2,082,620   $ 3,752,562   $ 3,230,894   $ 9,997,917   $ 5,340,399   $ 3,719,177   $ 20,509,316   $ 5,546,467   $ 8,009,519   $ 1,554,718  

2016

                                                             

Operating Revenue & Patronage Capital

  $ 48,331,108   $ 89,962,878   $ 52,670,367   $ 114,778,745   $ 107,910,990   $ 54,778,049   $ 420,909,029   $ 133,709,161   $ 154,312,779   $ 85,424,398  

Depreciation and Amortization

    3,587,794     6,014,238     4,536,869     8,298,109     6,339,398     3,166,082     30,714,221     8,588,371     9,860,531     8,016,152  

Other Operating Expenses

    42,249,280     80,543,524     43,911,363     88,476,549     97,506,918     46,820,385     360,857,532     111,726,700     130,434,231     73,370,890  

Electric Operating Margin

  $ 2,494,034   $ 3,405,116   $ 4,222,135   $ 18,004,087   $ 4,064,674   $ 4,791,582   $ 29,337,276   $ 13,394,090   $ 14,018,017   $ 4,037,356  

Other Income

    1,243,682     3,064,304     1,495,718     2,481,537     3,794,148     911,965     31,049,236     2,178,349     6,206,311     1,745,530  

Gross Operating Margin

  $ 3,737,716   $ 6,469,420   $ 5,717,853   $ 20,485,624   $ 7,858,822   $ 5,703,547   $ 60,386,512   $ 15,572,439   $ 20,224,328   $ 5,782,886  

Interest on Long-term Debt

    1,384,536     3,070,959     2,666,637     5,060,283     5,118,818     2,454,039     21,922,157     4,498,144     6,292,704     4,914,545  

Other Deductions

    38,216     7,623     1,025     (423 )   29,329     42,519     803,713         134,468     74,879  

Net Margins

  $ 2,314,964   $ 3,390,838   $ 3,050,191   $ 15,425,764   $ 2,710,675   $ 3,206,989   $ 37,660,642   $ 11,074,295   $ 13,797,156   $ 793,462  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2018

                                                             

Operating Revenue & Patronage Capital

  $ 18,895,710   $ 58,101,153   $ 23,565,389   $ 30,520,335   $ 71,052,043   $ 34,250,099   $ 35,352,008   $ 116,818,952   $ 360,104,084   $ 21,348,265  

Depreciation and Amortization

    1,661,604     4,279,189     1,554,749     2,195,582     5,288,585     2,440,113     2,877,764     7,237,081     19,278,801     1,054,336  

Other Operating Expenses

    15,389,383     51,018,363     19,161,263     25,905,696     60,479,734     28,338,082     28,612,616     101,350,305     312,165,040     16,424,701  

Electric Operating Margin

  $ 1,844,723   $ 2,803,601   $ 2,849,377   $ 2,419,057   $ 5,283,724   $ 3,471,904   $ 3,861,628   $ 8,231,566   $ 28,660,243   $ 3,869,228  

Other Income

    407,275     1,501,075     994,207     739,045     2,435,676     1,751,037     1,311,142     3,182,233     6,475,410     407,726  

Gross Operating Margin

  $ 2,251,998   $ 4,304,676   $ 3,843,584   $ 3,158,102   $ 7,719,400   $ 5,222,941   $ 5,172,770   $ 11,413,799   $ 35,135,653   $ 4,276,954  

Interest on Long-term Debt

    934,189     2,154,329     1,023,146     1,597,125     3,379,905     1,464,404     1,785,746     4,068,369     11,587,177     778,809  

Other Deductions

    107,779     353,629     24,852     72,952     123,675     758     80,720     514,670     176,005     9,166  

Net Margins

  $ 1,210,030   $ 1,796,718   $ 2,795,586   $ 1,488,025   $ 4,215,820   $ 3,757,779   $ 3,306,304   $ 6,830,760   $ 23,372,471   $ 3,488,979  

2017

                                                             

Operating Revenue & Patronage Capital

  $ 18,567,370   $ 61,523,286   $ 22,025,649   $ 28,798,845   $ 69,142,738   $ 35,097,600   $ 35,651,353   $ 111,995,845   $ 355,871,804   $ 20,536,064  

Depreciation and Amortization

    1,561,639     4,139,327     1,498,690     2,159,017     5,105,000     2,284,931     2,919,398     7,070,450     20,378,496     1,025,712  

Other Operating Expenses

    16,377,742     52,784,541     18,021,758     24,243,327     58,538,882     30,558,141     29,000,327     94,075,957     307,237,646     18,455,761  

Electric Operating Margin

  $ 627,989   $ 4,599,418   $ 2,505,201   $ 2,396,501   $ 5,498,856   $ 2,254,528   $ 3,731,628   $ 10,849,438   $ 28,255,662   $ 1,054,591  

Other Income

    392,887     1,591,401     903,849     788,940     1,056,264     1,655,028     1,201,936     3,193,567     8,244,323     456,744  

Gross Operating Margin

  $ 1,020,876   $ 6,190,819   $ 3,409,050   $ 3,185,441   $ 6,555,120   $ 3,909,556   $ 4,933,564   $ 14,043,005   $ 36,499,985   $ 1,511,335  

Interest on Long-term Debt

    906,063     2,255,475     1,074,345     1,684,911     3,322,962     1,401,202     1,852,459     3,861,343     11,739,856     728,087  

Other Deductions

    98,210     217,921     14,908     38,397     79,123     4,992     20,639     345,604     24,357     26,194  

Net Margins

  $ 16,603   $ 3,717,423   $ 2,319,797   $ 1,462,133   $ 3,153,035   $ 2,503,362   $ 3,060,466   $ 9,836,058   $ 24,735,772   $ 757,054  

2016

                                                             

Operating Revenue & Patronage Capital

  $ 18,863,080   $ 62,606,290   $ 23,210,060   $ 28,854,048   $ 65,497,920   $ 36,195,892   $ 36,485,100   $ 110,435,051   $ 329,506,987   $ 21,114,937  

Depreciation and Amortization

    1,527,108     3,978,408     1,458,713     2,100,425     4,931,428     2,199,869     2,922,927     6,637,847     17,607,272     963,278  

Other Operating Expenses

    15,262,925     53,412,146     18,316,141     24,266,264     56,302,414     31,201,744     30,761,618     92,557,988     291,281,214     18,401,501  

Electric Operating Margin

  $ 2,073,047   $ 5,215,736   $ 3,435,206   $ 2,487,359   $ 4,264,078   $ 2,794,279   $ 2,800,555   $ 11,239,216   $ 20,618,501   $ 1,750,158  

Other Income

    431,903     1,524,202     652,996     828,050     1,433,668     1,570,897     1,177,362     3,102,001     7,393,607     584,315  

Gross Operating Margin

  $ 2,504,950   $ 6,739,938   $ 4,088,202   $ 3,315,409   $ 5,697,746   $ 4,365,176   $ 3,977,917   $ 14,341,217   $ 28,012,108   $ 2,334,473  

Interest on Long-term Debt

    965,322     2,395,207     1,064,336     1,783,692     3,181,579     1,468,492     1,915,985     3,645,694     11,515,024     747,798  

Other Deductions

    61,245     505,795     14,975     (1,478 )   10,324     9,155     6,364     207,618     334,774     531,835  

Net Margins

  $ 1,478,383   $ 3,838,936   $ 3,008,891   $ 1,533,195   $ 2,505,843   $ 2,887,529   $ 2,055,568   $ 10,487,905   $ 16,162,310   $ 1,054,840  

Table 5 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2018

                                                             

Operating Revenue & Patronage Capital

  $ 40,544,197   $ 220,075,723   $ 38,175,956   $ 296,100,253   $ 64,608,605   $ 68,267,952   $ 26,702,242   $ 565,650,942   $ 71,801,863   $ 23,130,712  

Depreciation and Amortization

    2,765,239     14,240,496     3,390,577     16,499,576     5,539,475     5,144,524     3,048,339     35,461,918     5,332,746     1,749,395  

Other Operating Expenses

    36,038,358     194,385,397     32,258,630     244,507,151     55,000,805     57,275,742     20,848,688     496,953,279     60,783,976     18,280,843  

Electric Operating Margin

  $ 1,740,600   $ 11,449,830   $ 2,526,749   $ 35,093,526   $ 4,068,325   $ 5,847,686   $ 2,805,215   $ 33,235,745   $ 5,685,141   $ 3,100,474  

Other Income

    1,586,485     3,500,380     1,283,153     8,914,543     3,319,347     3,738,937     682,100     22,898,338     1,224,629     269,353  

Gross Operating Margin

  $ 3,327,085   $ 14,950,210   $ 3,809,902   $ 44,008,069   $ 7,387,672   $ 9,586,623   $ 3,487,315   $ 56,134,083   $ 6,909,770   $ 3,369,827  

Interest on Long-term Debt

    1,317,743     7,554,954     1,297,356     10,536,636     2,882,749     3,048,818     1,924,128     21,611,445     3,265,536     1,392,000  

Other Deductions

        542,565     393,001     122,739     418,901     1,400     67,855     88,904     12,997      

Net Margins

  $ 2,009,342   $ 6,852,691   $ 2,119,545   $ 33,348,694   $ 4,086,022   $ 6,536,405   $ 1,495,332   $ 34,433,734   $ 3,631,237   $ 1,977,827  

2017

                                                             

Operating Revenue & Patronage Capital

  $ 37,410,715   $ 210,058,039   $ 41,062,272   $ 261,355,397   $ 65,544,405   $ 72,412,820   $ 27,418,839   $ 525,156,392   $ 70,355,781   $ 22,983,943  

Depreciation and Amortization

    2,655,111     13,753,895     3,270,635     16,843,168     5,210,858     5,072,500     2,928,272     33,926,080     5,230,040     1,721,623  

Other Operating Expenses

    32,864,452     184,463,056     35,618,949     223,709,717     55,014,088     62,606,498     21,530,151     454,060,868     60,713,754     19,297,814  

Electric Operating Margin

  $ 1,891,152   $ 11,841,088   $ 2,172,688   $ 20,802,512   $ 5,319,459   $ 4,733,822   $ 2,960,416   $ 37,169,444   $ 4,411,987   $ 1,964,506  

Other Income

    1,416,323     2,938,396     2,578,342     7,248,837     1,631,170     3,096,511     615,560     23,530,136     2,545,539     303,453  

Gross Operating Margin

  $ 3,307,475   $ 14,779,484   $ 4,751,030   $ 28,051,349   $ 6,950,629   $ 7,830,333   $ 3,575,976   $ 60,699,580   $ 6,957,526   $ 2,267,959  

Interest on Long-term Debt

    1,276,987     7,414,031     1,395,239     9,971,018     2,720,215     2,717,882     1,863,899     21,711,655     3,211,720     1,200,000  

Other Deductions

        515,090     215,695     37,555     106,957     9,635     125,894     10,000     16,496      

Net Margins

  $ 2,030,488   $ 6,850,363   $ 3,140,096   $ 18,042,776   $ 4,123,457   $ 5,102,816   $ 1,586,183   $ 38,977,925   $ 3,729,310   $ 1,067,959  

2016

                                                             

Operating Revenue & Patronage Capital

  $ 37,966,323   $ 204,604,407   $ 40,678,428   $ 266,144,595   $ 63,408,213   $ 72,069,091   $ 26,059,049   $ 529,977,147   $ 71,272,257   $ 23,643,049  

Depreciation and Amortization

    2,663,301     13,285,069     3,166,197     16,105,650     4,897,732     4,989,728     2,800,256     32,400,183     4,975,953     1,681,107  

Other Operating Expenses

    33,340,350     179,745,875     35,997,524     222,901,809     54,846,703     62,716,682     20,693,613     458,907,428     61,142,045     20,058,129  

Electric Operating Margin

  $ 1,962,672   $ 11,573,463   $ 1,514,707   $ 27,137,136   $ 3,663,778   $ 4,362,681   $ 2,565,180   $ 38,669,536   $ 5,154,259   $ 1,903,813  

Other Income

    1,286,678     3,295,296     1,996,178     4,174,895     2,530,446     3,065,778     742,823     20,194,663     2,479,031     287,871  

Gross Operating Margin

  $ 3,249,350   $ 14,868,759   $ 3,510,885   $ 31,312,031   $ 6,194,224   $ 7,428,459   $ 3,308,003   $ 58,864,199   $ 7,633,290   $ 2,191,684  

Interest on Long-term Debt

    1,328,785     7,492,336     1,065,406     10,029,716     2,847,770     2,978,131     2,007,445     22,377,637     3,277,716     1,200,000  

Other Deductions

        407,764     332,182         74,935     7,369     50,162     10,000     15,258      

Net Margins

  $ 1,920,565   $ 6,968,659   $ 2,113,297   $ 21,282,315   $ 3,271,519   $ 4,442,959   $ 1,250,396   $ 36,476,562   $ 4,340,316   $ 991,684  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2018

                                                             

Operating Revenue & Patronage Capital

  $ 197,762,219   $ 43,003,465   $ 47,031,307   $ 30,088,436   $ 45,869,042   $ 15,734,284   $ 280,210,075   $ 38,628,680         $ 4,208,133,148  

Depreciation and Amortization

    10,648,757     2,833,854     3,650,549     2,313,214     3,929,620     889,035     14,488,504     2,621,657           276,010,445  

Other Operating Expenses

    181,984,884     36,627,193     39,549,837     23,289,927     36,510,154     12,961,432     267,223,789     33,224,716           3,644,948,518  

Electric Operating Margin

  $ 5,128,578   $ 3,542,418   $ 3,830,921   $ 4,485,295   $ 5,429,268   $ 1,883,817   –$ 1,502,218   $ 2,782,307         $ 287,174,185  

Other Income

    3,451,364     1,235,311     1,705,113     2,314,050     1,643,265     721,656     10,870,141     1,084,574           146,042,895  

Gross Operating Margin

  $ 8,579,942   $ 4,777,729   $ 5,536,034   $ 6,799,345   $ 7,072,533   $ 2,605,473   $ 9,367,923   $ 3,866,881         $ 433,217,080  

Interest on Long-term Debt

    4,059,710     1,836,454     2,640,445     1,347,935     3,300,777     662,264     4,954,068     1,449,308           161,187,794  

Other Deductions

    254,868         49,962     176,176     26,091     18,577     200,736               7,715,008  

Net Margins

  $ 4,265,364   $ 2,941,275   $ 2,845,627   $ 5,275,234   $ 3,745,665   $ 1,924,632   $ 4,213,119   $ 2,417,573         $ 264,314,278  

2017

                                                             

Operating Revenue & Patronage Capital

  $ 184,585,922   $ 39,648,695   $ 46,874,576   $ 32,164,014   $ 41,726,139   $ 14,579,728   $ 274,980,040   $ 37,385,576         $ 4,042,573,800  

Depreciation and Amortization

    10,173,388     2,664,453     3,495,490     2,225,498     3,762,410     867,204     14,006,007     2,467,265           267,941,855  

Other Operating Expenses

    169,715,873     34,257,212     39,890,080     27,573,690     33,262,975     12,493,483     254,478,333     32,791,133           3,504,216,372  

Electric Operating Margin

  $ 4,696,661   $ 2,727,030   $ 3,489,006   $ 2,364,826   $ 4,700,754   $ 1,219,041   $ 6,495,700   $ 2,127,178         $ 270,415,573  

Other Income

    3,351,546     1,036,749     1,665,693     1,762,285     1,547,919     791,602     9,150,546     1,196,220           120,916,880  

Gross Operating Margin

  $ 8,048,207   $ 3,763,779   $ 5,154,699   $ 4,127,111   $ 6,248,673   $ 2,010,643   $ 15,646,246   $ 3,323,398         $ 391,332,453  

Interest on Long-term Debt

    4,181,631     1,805,767     2,661,473     1,331,887     3,235,864     557,232     4,988,083     1,382,384           159,730,691  

Other Deductions

    126,848         29,653     96,367     49,050     18,203     159,951               3,946,734  

Net Margins

  $ 3,739,728   $ 1,958,012   $ 2,463,573   $ 2,698,857   $ 2,963,759   $ 1,435,208   $ 10,498,212   $ 1,941,014         $ 227,655,028  

2016

                                                             

Operating Revenue & Patronage Capital

  $ 182,733,670   $ 40,153,609   $ 47,526,384   $ 34,096,533   $ 41,057,553   $ 14,917,420   $ 258,657,361   $ 37,915,744         $ 3,988,437,702  

Depreciation and Amortization

    10,551,288     2,552,198     3,396,484     2,126,904     3,610,662     843,355     13,576,645     2,374,522           259,446,274  

Other Operating Expenses

    167,414,061     33,302,262     41,305,446     27,638,271     33,770,701     12,591,366     247,742,733     32,318,820           3,454,095,145  

Electric Operating Margin

  $ 4,768,321   $ 4,299,149   $ 2,824,454   $ 4,331,358   $ 3,676,190   $ 1,482,699   –$ 2,662,017   $ 3,222,402         $ 274,896,283  

Other Income

    3,008,302     852,267     1,546,246     1,483,235     1,548,117     598,281     11,193,759     783,027           133,936,674  

Gross Operating Margin

  $ 7,776,623   $ 5,151,416   $ 4,370,700   $ 5,814,593   $ 5,224,307   $ 2,080,980   $ 8,531,742   $ 4,005,429         $ 408,832,957  

Interest on Long-term Debt

    4,179,862     1,816,752     2,574,443     1,248,160     3,260,381     664,468     4,563,129     1,309,390           160,287,478  

Other Deductions

    121,660         15,633     101,217     14,368     15,312     220,739     3,377           4,201,932  

Net Margins

  $ 3,475,101   $ 3,334,664   $ 1,780,624   $ 4,465,216   $ 1,949,558   $ 1,401,200   $ 3,747,874   $ 2,692,662         $ 244,343,547  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 6
CONDENSED BALANCE SHEET INFORMATION OF EACH MEMBER
(as of December 31)

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2018

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 128,252,494   $ 217,227,510   $ 147,431,688   $ 278,342,697   $ 247,121,395   $ 112,611,085   $ 907,189,136   $ 299,017,679   $ 362,770,394   $ 241,418,772  

Depreciation

    34,700,628     81,312,393     41,413,349     84,996,833     55,112,990     26,500,477     263,556,481     89,240,287     122,616,429     78,939,324  

Net Plant

    93,551,866     135,915,117     106,018,339     193,345,864     192,008,405     86,110,608     643,632,655     209,777,392     240,153,965     162,479,448  

Other Assets

    47,574,017     34,173,370     28,141,862     43,764,188     59,300,895     34,412,533     319,769,542     63,654,708     103,797,339     40,755,865  

Total Assets

  $ 141,125,883   $ 170,088,487   $ 134,160,201   $ 237,110,052   $ 251,309,300   $ 120,523,141   $ 963,402,197   $ 273,432,100   $ 343,951,304   $ 203,235,313  

EQUITY & LIABILITIES

                                                             

Equity

  $ 76,361,489   $ 77,160,220   $ 63,682,162   $ 108,102,568   $ 86,039,573   $ 45,008,072   $ 390,514,143   $ 119,722,014   $ 153,548,848   $ 67,011,163  

Long-term Debt

    50,769,062     49,348,706     50,569,595     101,893,715     118,471,798     65,264,674     390,291,786     110,308,463     138,068,803     109,296,308  

Other Liabilities

    13,995,332     43,579,561     19,908,444     27,113,769     46,797,929     10,250,395     182,596,268     43,401,623     52,333,653     26,927,842  

Total Equity and Liabilities

  $ 141,125,883   $ 170,088,487   $ 134,160,201   $ 237,110,052   $ 251,309,300   $ 120,523,141   $ 963,402,197   $ 273,432,100   $ 343,951,304   $ 203,235,313  

2017

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 121,986,655   $ 204,766,617   $ 145,155,214   $ 267,281,107   $ 232,311,988   $ 107,534,708   $ 925,146,501   $ 284,661,260   $ 348,310,104   $ 231,613,058  

Depreciation

    32,710,948     77,580,095     39,665,692     81,063,141     52,638,659     24,049,233     304,465,347     82,215,898     117,614,387     75,117,407  

Net Plant

    89,275,707     127,186,522     105,489,522     186,217,966     179,673,329     83,485,475     620,681,154     202,445,362     230,695,717     156,495,651  

Other Assets

    42,492,096     33,264,913     27,759,774     73,552,539     59,933,142     26,065,989     293,550,578     65,116,877     95,293,577     28,694,441  

Total Assets

  $ 131,767,803   $ 160,451,435   $ 133,249,296   $ 259,770,505   $ 239,606,471   $ 109,551,464   $ 914,231,732   $ 267,562,239   $ 325,989,294   $ 185,190,092  

EQUITY & LIABILITIES

                                                             

Equity

  $ 72,529,613   $ 76,904,712   $ 61,416,406   $ 119,208,053   $ 83,144,158   $ 37,611,805   $ 333,552,091   $ 115,923,627   $ 146,075,458   $ 65,123,874  

Long-term Debt

    46,034,194     42,723,419     48,981,686     109,252,392     125,396,174     62,763,673     394,716,000     109,053,408     138,426,443     99,407,505  

Other Liabilities

    13,203,996     40,823,304     22,851,204     31,310,060     31,066,139     9,175,986     185,963,641     42,585,204     41,487,393     20,658,713  

Total Equity and Liabilities

  $ 131,767,803   $ 160,451,435   $ 133,249,296   $ 259,770,505   $ 239,606,471   $ 109,551,464   $ 914,231,732   $ 267,562,239   $ 325,989,294   $ 185,190,092  

2016

                                                             

ASSETS

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Total Utility Plant (1)

  $ 116,887,982   $ 199,578,232   $ 141,200,743   $ 259,779,061   $ 222,677,383   $ 102,686,763   $ 899,465,793   $ 271,798,230   $ 335,464,801   $ 218,572,002  

Depreciation

    33,016,311     74,431,211     37,225,948     76,983,567     56,119,627     22,038,717     292,642,084     75,611,498     111,376,858     72,696,434  

Net Plant

    83,871,671     125,147,021     103,974,795     182,795,494     166,557,756     80,648,046     606,823,709     196,186,732     224,087,943     145,875,568  

Other Assets

    34,356,602     26,324,731     26,259,726     64,208,596     52,053,896     23,448,899     294,961,958     68,965,352     90,317,816     32,220,726  

Total Assets

  $ 118,228,273   $ 151,471,752   $ 130,234,521   $ 247,004,090   $ 218,611,652   $ 104,096,945   $ 901,785,667   $ 265,152,084   $ 314,405,759   $ 178,096,294  

EQUITY & LIABILITIES

                                                             

Equity

  $ 70,050,595   $ 69,675,396   $ 58,897,511   $ 114,282,511   $ 80,169,701   $ 34,370,542   $ 328,794,253   $ 116,523,267   $ 141,521,837   $ 62,517,237  

Long-term Debt

    35,703,257     46,807,577     48,390,347     103,092,112     107,986,717     59,621,485     379,841,939     107,315,003     141,540,795     94,516,508  

Other Liabilities

    12,474,421     34,988,779     22,946,663     29,629,467     30,455,234     10,104,918     193,149,475     41,313,814     31,343,127     21,062,549  

Total Equity and Liabilities

  $ 118,228,273   $ 151,471,752   $ 130,234,521   $ 247,004,090   $ 218,611,652   $ 104,096,945   $ 901,785,667   $ 265,152,084   $ 314,405,759   $ 178,096,294  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2018

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 55,005,729     173,596,210   $ 61,174,549   $ 78,921,700   $ 188,048,686   $ 80,835,015   $ 101,296,543   $ 224,196,897   $ 629,882,751   $ 43,200,828  

Depreciation

    12,257,972     33,933,653     20,924,230     22,955,152     62,911,060     23,430,213     33,813,785     47,114,160     126,927,043     10,028,883  

Net Plant

    42,747,757     139,662,557     40,250,319     55,966,548     125,137,626     57,404,802     67,482,758     177,082,737     502,955,708     33,171,945  

Other Assets

    10,558,677     38,432,204     14,317,318     22,253,003     33,435,856     27,002,003     21,056,107     72,078,297     210,132,027     11,098,527  

Total Assets

  $ 53,306,434   $ 178,094,761   $ 54,567,637   $ 78,219,551   $ 158,573,482   $ 84,406,805   $ 88,538,865   $ 249,161,034   $ 713,087,735   $ 44,270,472  

EQUITY & LIABILITIES

                                                             

Equity

  $ 21,804,848   $ 83,910,498   $ 34,064,977   $ 31,106,060   $ 60,196,505   $ 42,821,258   $ 30,765,165   $ 114,697,666   $ 261,538,484   $ 19,940,155  

Long-term Debt

    26,292,665     44,512,714     11,225,568     34,745,703     79,153,614     30,634,154     46,205,305     95,375,190     227,918,485     18,095,885  

Other Liabilities

    5,208,921     49,671,549     9,277,092     12,367,788     19,223,363     10,951,393     11,568,395     39,088,178     223,630,766     6,234,432  

Total Equity and Liabilities

  $ 53,306,434   $ 178,094,761   $ 54,567,637   $ 78,219,551   $ 158,573,482   $ 84,406,805   $ 88,538,865   $ 249,161,034   $ 713,087,735   $ 44,270,472  

2017

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 51,685,836   $ 159,546,602   $ 59,502,690   $ 76,501,643   $ 182,071,005   $ 78,024,646   $ 98,166,954   $ 222,399,689   $ 601,692,492   $ 41,351,029  

Depreciation

    11,096,394     35,067,001     19,769,454     21,644,152     59,994,893     23,097,000     32,600,653     47,185,053     124,073,178     9,678,393  

Net Plant

    40,589,442     124,479,601     39,733,236     54,857,491     122,076,112     54,927,646     65,566,301     175,214,636     477,619,314     31,672,636  

Other Assets

    9,356,585     36,693,382     13,172,003     20,179,678     32,020,457     22,909,327     19,191,749     69,687,049     197,734,942     10,026,386  

Total Assets

  $ 49,946,027   $ 161,172,983   $ 52,905,239   $ 75,037,169   $ 154,096,569   $ 77,836,973   $ 84,758,050   $ 244,901,685   $ 675,354,256   $ 41,699,022  

EQUITY & LIABILITIES

                                                             

Equity

  $ 20,599,995   $ 83,048,553   $ 30,141,867   $ 29,082,988   $ 57,219,649   $ 40,004,491   $ 28,094,269   $ 109,093,008   $ 248,429,609   $ 16,953,678  

Long-term Debt

    23,226,703     46,954,072     12,594,633     33,614,964     82,598,371     28,805,820     45,823,423     86,529,927     239,182,731     17,165,856  

Other Liabilities

    6,119,329     31,170,358     10,168,739     12,339,217     14,278,549     9,026,662     10,840,358     49,278,750     187,741,916     7,579,488  

Total Equity and Liabilities

  $ 49,946,027   $ 161,172,983   $ 52,905,239   $ 75,037,169   $ 154,096,569   $ 77,836,973   $ 84,758,050   $ 244,901,685   $ 675,354,256   $ 41,699,022  

2016

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 50,011,791   $ 153,546,710   $ 57,861,719   $ 74,415,126   $ 177,176,190   $ 73,429,647   $ 101,106,377   $ 211,387,530   $ 582,591,035   $ 39,422,247  

Depreciation

    10,492,694     32,362,850     18,478,513     20,122,436     58,423,912     21,755,093     37,045,832     47,254,621     124,694,775     9,474,135  

Net Plant

    39,519,097     121,183,860     39,383,206     54,292,690     118,752,278     51,674,554     64,060,545     164,132,909     457,896,260     29,948,112  

Other Assets

    9,044,633     29,553,334     12,482,712     18,710,811     30,396,477     23,447,284     20,217,606     67,621,737     180,714,471     9,900,818  

Total Assets

  $ 48,563,730   $ 150,737,194   $ 51,865,918   $ 73,003,501   $ 149,148,755   $ 75,121,838   $ 84,278,151   $ 231,754,646   $ 638,610,731   $ 39,848,930  

EQUITY & LIABILITIES

                                                             

Equity

  $ 20,587,238   $ 78,017,256   $ 29,400,532   $ 27,908,591   $ 55,223,702   $ 38,454,660   $ 25,272,678   $ 103,090,545   $ 223,275,365   $ 16,317,552  

Long-term Debt

    24,592,803     49,229,802     13,662,027     35,363,208     73,646,245     29,257,226     47,137,432     74,426,148     237,635,913     16,745,146  

Other Liabilities

    3,383,689     23,490,136     8,803,359     9,731,702     20,278,808     7,409,952     11,868,041     54,237,953     177,699,453     6,786,232  

Total Equity and Liabilities

  $ 48,563,730   $ 150,737,194   $ 51,865,918   $ 73,003,501   $ 149,148,755   $ 75,121,838   $ 84,278,151   $ 231,754,646   $ 638,610,731   $ 39,848,930  

Footnotes:

(1)
Including construction work in progress.

Table 6 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2018

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 86,418,222   $ 439,206,424   $ 119,744,355   $ 507,820,179   $ 173,916,261   $ 181,440,837   $ 98,906,761   $ 1,076,169,320   $ 181,411,262   $ 66,514,452  

Depreciation

    22,234,356     146,517,848     25,808,397     127,872,076     72,506,165     63,367,617     33,846,480     335,066,374     51,274,796     17,299,309  

Net Plant

    64,183,866     292,688,576     93,935,958     379,948,103     101,410,096     118,073,220     65,060,281     741,102,946     130,136,466     49,215,143  

Other Assets

    31,782,117     80,271,142     31,490,094     182,402,607     39,135,362     73,558,866     16,520,217     349,085,056     17,332,637     10,793,401  

Total Assets

  $ 95,965,983   $ 372,959,718   $ 125,426,052   $ 562,350,710   $ 140,545,458   $ 191,632,086   $ 81,580,498   $ 1,090,188,002   $ 147,469,103   $ 60,008,544  

EQUITY & LIABILITIES

                                                             

Equity

  $ 57,294,310   $ 145,317,034   $ 51,671,437   $ 270,630,264   $ 53,044,474   $ 90,073,632   $ 27,479,752   $ 469,663,135   $ 50,437,383   $ 22,832,325  

Long-term Debt

    23,108,534   $ 158,833,880     40,364,684     225,666,806     59,250,693     61,602,975     47,689,492     418,669,978     70,057,969     26,748,866  

Other Liabilities

    15,563,139     68,808,804     33,389,931     66,053,640     28,250,291     39,955,479     6,411,254     201,854,889     26,973,751     10,427,353  

Total Equity and Liabilities

  $ 95,965,983   $ 372,959,718   $ 125,426,052   $ 562,350,710   $ 140,545,458   $ 191,632,086   $ 81,580,498   $ 1,090,188,002   $ 147,469,103   $ 60,008,544  

2017

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 84,195,112   $ 429,275,970   $ 109,453,621   $ 490,513,864   $ 165,511,882   $ 176,806,830   $ 96,706,779   $ 1,036,646,922   $ 174,403,299   $ 64,468,329  

Depreciation

    21,774,307     139,176,877     25,716,622     120,099,453     70,123,757     61,118,168     31,878,721     317,934,051     48,868,852     16,135,976  

Net Plant

    62,420,805     290,099,093     83,736,999     370,414,411     95,388,125     115,688,662     64,828,058     718,712,871     125,534,447     48,332,353  

Other Assets

    29,352,428     70,394,073     30,599,778     169,956,770     36,494,219     60,471,680     14,210,275     313,701,047     41,642,117     10,080,682  

Total Assets

  $ 91,773,233   $ 360,493,166   $ 114,336,777   $ 540,371,181   $ 131,882,344   $ 176,160,342   $ 79,038,333   $ 1,032,413,918   $ 167,176,564   $ 58,413,035  

EQUITY & LIABILITIES

                                                             

Equity

  $ 53,509,316   $ 141,687,971   $ 51,514,156   $ 248,546,220   $ 50,099,302   $ 84,475,160   $ 26,121,119   $ 445,196,671   $ 72,935,438   $ 21,159,818  

Long-term Debt

    24,751,032     154,591,682     42,319,848     235,413,942     50,679,952     63,291,939     44,911,931     439,166,335     67,162,824     29,294,775  

Other Liabilities

    13,512,885     64,213,513     20,502,773     56,411,019     31,103,090     28,393,243     8,005,283     148,050,912     27,078,302     7,958,442  

Total Equity and Liabilities

  $ 91,773,233   $ 360,493,166   $ 114,336,777   $ 540,371,181   $ 131,882,344   $ 176,160,342   $ 79,038,333   $ 1,032,413,918   $ 167,176,564   $ 58,413,035  

2016

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 81,296,895   $ 414,072,822   $ 105,420,967   $ 481,647,378   $ 151,611,979   $ 173,677,433   $ 91,967,491   $ 1,001,876,377   $ 168,141,715   $ 62,101,244  

Depreciation

    19,647,767     129,063,060     25,110,194     117,074,891     69,853,141     58,709,419     30,374,063     299,821,608     46,165,076     15,062,881  

Net Plant

    61,649,128     285,009,762     80,310,773     364,572,487     81,758,838     114,968,014     61,593,428     702,054,769     121,976,639     47,038,363  

Other Assets

    25,537,646     50,967,964     26,919,089     174,123,574     37,090,079     63,851,326     13,887,852     289,192,197     40,719,150     9,339,965  

Total Assets

  $ 87,186,774   $ 335,977,726   $ 107,229,862   $ 538,696,061   $ 118,848,917   $ 178,819,340   $ 75,481,280   $ 991,246,966   $ 162,695,789   $ 56,378,328  

EQUITY & LIABILITIES

                                                             

Equity

  $ 51,472,163   $ 125,426,179   $ 48,649,542   $ 240,854,076   $ 47,920,800   $ 81,912,199   $ 24,716,678   $ 415,105,510   $ 71,507,302   $ 20,755,254  

Long-term Debt

    24,017,061     154,147,200     44,293,579     235,766,161     50,670,705     67,917,145     45,791,271     432,409,420     64,622,924     28,185,182  

Other Liabilities

    11,697,550     56,404,347     14,286,741     62,075,824     20,257,412     28,989,996     4,973,331     143,732,036     26,565,563     7,437,892  

Total Equity and Liabilities

  $ 87,186,774   $ 335,977,726   $ 107,229,862   $ 538,696,061   $ 118,848,917   $ 178,819,340   $ 75,481,280   $ 991,246,966   $ 162,695,789   $ 56,378,328  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2018

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 298,111,198   $ 118,335,979   $ 127,421,357   $ 81,096,590   $ 127,760,759   $ 29,372,758   $ 448,244,911   $ 89,046,376         $ 8,828,479,759  

Depreciation

    122,135,269     26,669,344     32,403,198     26,285,618     26,956,822     11,136,034     170,540,512     30,063,396           2,614,668,953  

Net Plant

    175,975,929     91,666,635     95,018,159     54,810,972     100,803,937     18,236,724     277,704,399     58,982,980           6,213,810,806  

Other Assets

    88,757,561     (2,751,933 )   38,470,187     50,437,724     21,288,981     17,421,245     240,822,133     27,743,897           2,550,269,632  

Total Assets

  $ 264,733,490   $ 88,914,702   $ 133,488,346   $ 105,248,696   $ 122,092,918   $ 35,657,969   $ 518,526,532   $ 86,726,877         $ 8,764,080,438  

EQUITY & LIABILITIES

                                                             

Equity

  $ 91,009,952   $ 36,675,597   $ 64,424,382   $ 41,514,200   $ 46,694,709   $ 22,975,378   $ 193,806,092   $ 44,998,530         $ 3,668,538,454  

Long-term Debt

    77,253,218     36,777,173     51,674,928     36,415,386     65,658,820     8,705,129     121,633,409     35,193,155           3,363,747,288  

Other Liabilities

    96,470,320     15,461,932     17,389,036     27,319,110     9,739,389     3,977,462     203,087,031     6,535,192           1,731,794,696  

Total Equity and Liabilities

  $ 264,733,490   $ 88,914,702   $ 133,488,346   $ 105,248,696   $ 122,092,918   $ 35,657,969   $ 518,526,532   $ 86,726,877         $ 8,764,080,438  

2017

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 288,241,357   $ 85,284,124   $ 123,682,559   $ 78,817,757   $ 123,550,863   $ 28,823,411   $ 437,823,987   $ 86,923,943         $ 8,520,840,407  

Depreciation

    115,827,914     26,669,344     30,705,644     24,588,530     26,851,360     10,820,037     161,678,003     28,041,536           2,549,336,130  

Net Plant

    172,413,443     58,614,780     92,976,915     54,229,227     96,699,503     18,003,374     276,145,984     58,882,407           5,971,504,277  

Other Assets

    86,680,577     24,154,578     30,782,956     24,666,660     20,983,419     17,050,442     216,132,124     24,645,240           2,398,694,549  

Total Assets

  $ 259,094,020   $ 82,769,358   $ 123,759,871   $ 78,895,887   $ 117,682,922   $ 35,053,816   $ 492,278,108   $ 83,527,647         $ 8,370,198,826  

EQUITY & LIABILITIES

                                                             

Equity

  $ 91,111,796   $ 33,960,481   $ 61,763,490   $ 36,662,830   $ 43,840,527   $ 21,538,932   $ 162,244,957   $ 43,542,725         $ 3,464,068,813  

Long-term Debt

    74,868,059     33,739,874     50,863,002     34,974,804     64,101,759     9,823,869     127,211,126     33,323,450           3,373,741,597  

Other Liabilities

    93,114,165     15,069,003     11,133,379     7,258,253     9,740,636     3,691,015     202,822,025     6,661,472           1,532,388,416  

Total Equity and Liabilities

  $ 259,094,020   $ 82,769,358   $ 123,759,871   $ 78,895,887   $ 117,682,922   $ 35,053,816   $ 492,278,108   $ 83,527,647         $ 8,370,198,826  

2016

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 278,428,287   $ 82,365,496   $ 120,472,895   $ 75,693,222   $ 119,413,703   $ 28,137,300   $ 420,931,179   $ 84,083,969         $ 8,230,399,714  

Depreciation

    107,919,809     24,840,200     29,991,933     23,145,118     25,366,352     10,745,368     152,663,080     26,978,758           2,444,779,834  

Net Plant

    170,508,478     57,525,296     90,480,962     52,548,104     94,047,351     17,391,932     268,268,099     57,105,211           5,785,619,880  

Other Assets

    85,135,652     24,506,451     33,478,197     22,761,221     18,891,070     19,190,436     221,040,713     23,581,930           2,295,422,697  

Total Assets

  $ 255,644,130   $ 82,031,747   $ 123,959,159   $ 75,309,325   $ 112,938,421   $ 36,582,368   $ 489,308,812   $ 80,687,141         $ 8,081,042,577  

EQUITY & LIABILITIES

                                                             

Equity

  $ 91,190,979   $ 30,943,419   $ 57,408,393   $ 34,098,201   $ 41,528,818   $ 20,544,051   $ 172,597,491   $ 42,556,722         $ 3,313,538,746  

Long-term Debt

    74,086,815     36,302,229     54,773,991     33,593,830     60,326,021     11,830,719     132,727,502     31,773,341           3,309,746,786  

Other Liabilities

    90,366,336     14,786,099     11,776,775     7,617,294     11,083,582     4,207,598     183,983,819     6,357,078           1,457,757,045  

Total Equity and Liabilities

  $ 255,644,130   $ 82,031,747   $ 123,959,159   $ 75,309,325   $ 112,938,421   $ 36,582,368   $ 489,308,812   $ 80,687,141         $ 8,081,042,577  

Footnotes:

(1)
Including construction work in progress.



QuickLinks

FINANCIAL AND STATISTICAL INFORMATION FOR 38 MEMBERS OF OGLETHORPE POWER CORPORATION
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 1 SELECTED STATISTICS OF EACH MEMBER (as of December 31)
Table 1 (continued)
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 2 AVERAGE NUMBER OF CONSUMERS SERVED BY EACH MEMBER
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 3 ANNUAL MWh SALES BY CONSUMER CLASS OF EACH MEMBER
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 4 ANNUAL REVENUES BY CONSUMER CLASS OF EACH MEMBER
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 5 SUMMARY OF OPERATING RESULTS OF EACH MEMBER
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 6 CONDENSED BALANCE SHEET INFORMATION OF EACH MEMBER (as of December 31)