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CONSOLIDATED STATEMENTS OF CAPITALIZATION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Secured Long-term debt:    
Total Secured Long-term debt $ 12,388,625 $ 12,096,552
Commercial paper refinanced on a long-term basis 254,463 0
Total Long-term debt 12,643,088 12,096,552
Obligations under finance leases 43,586 52,937
Obligation under Rocky Mountain transactions 31,910 29,862
Other 5,715 5,152
Patronage capital and membership fees 1,328,418 1,257,917
Subtotal 14,052,717 13,442,420
Less: long-term debt and finance leases due within one year (398,979) (384,426)
Less: unamortized debt issuance costs (97,623) (97,850)
Less: unamortized bond discounts on long-term debt (22,705) (22,710)
Total capitalization 13,533,410 12,937,434
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 3.48% at December 31, 2024) due in quarterly installments through 2048    
Secured Long-term debt:    
Secured long-term debt, gross 2,796,291 2,663,385
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, 2024) due in quarterly installments through 2044    
Secured Long-term debt:    
Secured long-term debt, gross 4,050,644 4,177,967
Public | First mortgage bonds payable: Series 2006 First Mortgage Bonds, 5.534%, due 2031 through 2035    
Secured Long-term debt:    
Secured long-term debt, gross 300,000 300,000
Public | First mortgage bonds payable: Series 2007 First Mortgage Bonds, 6.191%, due 2024 through 2031    
Secured Long-term debt:    
Secured long-term debt, gross 437,500 500,000
Public | First mortgage bonds payable: Series 2009B First Mortgage Bonds, 5.95%, due 2039    
Secured Long-term debt:    
Secured long-term debt, gross 400,000 400,000
Public | First mortgage bonds payable: Series 2009 Clean renewable energy bond, 1.81%, due 2024    
Secured Long-term debt:    
Secured long-term debt, gross 0 1,010
Public | First mortgage bonds payable: Series 2010A First Mortgage Bonds, 5.375% due 2040    
Secured Long-term debt:    
Secured long-term debt, gross 450,000 450,000
Public | First mortgage bonds payable: Series 2011A First Mortgage Bonds, 5.25% due 2050    
Secured Long-term debt:    
Secured long-term debt, gross 300,000 300,000
Public | First mortgage bonds payable: Series 2012A First Mortgage Bonds, 4.20% due 2042    
Secured Long-term debt:    
Secured long-term debt, gross 250,000 250,000
Public | First mortgage bonds payable: Series 2014A First Mortgage Bonds, 4.55% due 2044    
Secured Long-term debt:    
Secured long-term debt, gross 250,000 250,000
Public | First mortgage bonds payable: Series 2016A First Mortgage Bonds, 4.25% due 2046    
Secured Long-term debt:    
Secured long-term debt, gross 250,000 250,000
Public | First mortgage bonds payable: Series 2018A First Mortgage Bonds, 5.05% due 2048    
Secured Long-term debt:    
Secured long-term debt, gross 500,000 500,000
Public | First mortgage bonds payable: Series 2020A First Mortgage Bonds, 3.75% due 2048    
Secured Long-term debt:    
Secured long-term debt, gross 450,000 450,000
Public | First mortgage bonds payable Series 2022A First Mortgage Bonds, 4.50% due 2047    
Secured Long-term debt:    
Secured long-term debt, gross 500,000 500,000
Public | First mortgage bonds payable: Series 2022A First Mortgage Bonds 6.20% due 2053    
Secured Long-term debt:    
Secured long-term debt, gross 400,000 400,000
Public | First Mortgage Bonds Payable Series 2024A First Mortgage Bonds 5.80% Due 2054    
Secured Long-term debt:    
Secured long-term debt, gross 350,000 0
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:    
Secured long-term debt, gross 212,760 212,760
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:    
Secured long-term debt, gross 91,645 91,645
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:    
Secured long-term debt, gross 200,000 200,000
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:    
Secured long-term debt, gross 100,000 100,000
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series2017F Burke indexed put bonds-weekly reset, 5.07% due 2040 through 2045    
Secured Long-term debt:    
Secured long-term debt, gross $ 99,785 $ 99,785