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CONSOLIDATED STATEMENTS OF CAPITALIZATION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Secured Long-term debt:    
Total Secured Long-term debt $ 11,940,359 $ 10,915,054
Obligations under finance leases 61,335 68,876
Obligation under Rocky Mountain transactions 27,945 26,151
Other 2,256 1,550
Patronage capital and membership fees 1,192,127 1,130,423
Subtotal 13,224,022 12,142,054
Less: long-term debt and finance leases due within one year (322,102) (281,238)
Less: unamortized debt issuance costs (96,588) (95,883)
Less: unamortized bond discounts on long-term debt (17,554) (16,025)
Total capitalization 12,787,778 11,748,908
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.03% to 8.21% (average rate of 3.40% at December 31, 2022) due in quarterly installments through 2048    
Secured Long-term debt:    
Total Secured Long-term debt 2,758,753 2,601,365
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.44% to 4.01% (average rate of 2.94% at December 31, 2022) due in quarterly installments through 2044    
Secured Long-term debt:    
Total Secured Long-term debt 4,325,395 3,925,493
Public | First mortgage bonds payable: Series 2006 First Mortgage Bonds, 5.534%, due 2031 through 2035    
Secured Long-term debt:    
Total Secured Long-term debt $ 300,000 300,000
Interest rate (as a percent) 5.534%  
Public | First mortgage bonds payable: Series 2007 First Mortgage Bonds, 6.191%, due 2024 through 2031    
Secured Long-term debt:    
Total Secured Long-term debt $ 500,000 500,000
Interest rate (as a percent) 6.191%  
Public | First mortgage bonds payable: Series 2009B First Mortgage Bonds, 5.95%, due 2039    
Secured Long-term debt:    
Total Secured Long-term debt $ 400,000 400,000
Interest rate (as a percent) 5.95%  
Public | First mortgage bonds payable: Series 2009 Clean renewable energy bond, 1.81%, due 2024    
Secured Long-term debt:    
Total Secured Long-term debt $ 2,021 3,031
Interest rate (as a percent) 1.81%  
Public | First mortgage bonds payable: Series 2010A First Mortgage Bonds, 5.375% due 2040    
Secured Long-term debt:    
Total Secured Long-term debt $ 450,000 450,000
Interest rate (as a percent) 5.375%  
Public | First mortgage bonds payable: Series 2011A First Mortgage Bonds, 5.25% due 2050    
Secured Long-term debt:    
Total Secured Long-term debt $ 300,000 300,000
Interest rate (as a percent) 5.25%  
Public | First mortgage bonds payable: Series 2012A First Mortgage Bonds, 4.20% due 2042    
Secured Long-term debt:    
Total Secured Long-term debt $ 250,000 250,000
Interest rate (as a percent) 4.20%  
Public | First mortgage bonds payable: Series 2014A First Mortgage Bonds, 4.55% due 2044    
Secured Long-term debt:    
Total Secured Long-term debt $ 250,000 250,000
Interest rate (as a percent) 4.55%  
Public | First mortgage bonds payable: Series 2016A First Mortgage Bonds, 4.25% due 2046    
Secured Long-term debt:    
Total Secured Long-term debt $ 250,000 250,000
Interest rate (as a percent) 4.25%  
Public | First Mortgage Bonds Payable: Series 2018A First Mortgage Bonds, 5.05% Due 2048    
Secured Long-term debt:    
Total Secured Long-term debt $ 500,000 500,000
Interest rate (as a percent) 5.05%  
Public | First Mortgage Bonds Payable Series 2020A First Mortgage Bonds, 3.75% Due 2048    
Secured Long-term debt:    
Total Secured Long-term debt $ 450,000 450,000
Interest rate (as a percent) 3.75%  
Public | First Mortgage Bonds Payable Series 2022A First Mortgage Bonds, 4.50% Due 2047    
Secured Long-term debt:    
Total Secured Long-term debt $ 500,000 0
Interest rate (as a percent) 4.50%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: 2013A Appling, Burke and Monroe, Term rate bonds, 1.50% through April 1, 2020, due 2038 through 2040    
Secured Long-term debt:    
Total Secured Long-term debt $ 212,760 212,760
Interest rate (as a percent) 1.50%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017 A, B Burke, Indexed put bonds - weekly reset, 4.61% due 2040 through 2045    
Secured Long-term debt:    
Total Secured Long-term debt $ 91,645 122,620
Interest rate (as a percent) 4.61%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017 C, D Burke, Remarketed in 2018 to fixed rate bonds, 4.125%, due 2041 through 2045    
Secured Long-term debt:    
Total Secured Long-term debt $ 200,000 200,000
Interest rate (as a percent) 4.125%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017E Burke, Remarketed in 2018 to term rate bonds, 3.25% through February 3, 2025, due 2041 through 2045    
Secured Long-term debt:    
Total Secured Long-term debt $ 100,000 100,000
Interest rate (as a percent) 3.25%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017 F Burke, Remarketed in 2018 to term rate bonds, 3.00% through February 1, 2023, due 2041 through 2045    
Secured Long-term debt:    
Total Secured Long-term debt $ 99,785 $ 99,785
Interest rate (as a percent) 3.00%