March 22, 2018

Heard County Received Large Tax Payment

Contact: Terri Statham
E-mail: terri.statham@opc.com

FRANKLIN, GA (3/22/2018) – Officials from Carroll EMC, Coweta-Fayette EMC, Diverse Power, and Oglethorpe Power Corp. recently presented a check for $896,938.94 to Heard County’s Tax Commissioner Office, bringing Oglethorpe’s total 2017 ad valorem tax payment in Heard County to $2,392,964.23.

The check represents payment for Oglethorpe Power’s 30 percent interest in the Hal B. Wansley coal-fired plant and 100 percent interest in the Hawk Road and Chattahoochee natural gas-powered energy facilities, all in Heard County.

Oglethorpe Power is a wholesale electric power cooperative owned by and serving 38 electric membership corporations (EMCs) in Georgia, including Carroll EMC, Coweta-Fayette EMC, and Diverse Power, each of which provides electricity in portions of Heard County.

Around the state, Oglethorpe Power expects to pay more than $35 million in 2018 ad valorem taxes for power-generating facilities that it owns or co-owns on behalf of its Member EMCs.

Oglethorpe Power is one of the nation’s largest power supply cooperatives with approximately $11 billion in assets serving 38 EMCs which, collectively, provide electricity to approximately 4.1 million Georgia residents.

Its diverse energy portfolio includes natural gas, hydroelectric, coal and nuclear generating plants with a combined capacity of approximately 7,800 megawatts.

Oglethorpe Power was established in 1974 and is owned by its 38 Member EMCs. Its headquarters are in Tucker, Georgia, an Atlanta suburb.