January 25, 2021
Oglethorpe Power Submits $3.2 Million Tax Payment to Floyd County
Contact: Terri Statham
Phone Number: 770-270-6990
(TUCKER, GA., Jan. 25, 2021) – Oglethorpe Power Corp. recently made its 2020 ad valorem tax payment of $3,234,360.76 to the Floyd County Tax Commissioner’s office. The payment represents Oglethorpe Power’s 75 percent ownership in the Rocky Mountain Pumped-storage Hydroelectric Plant.
Oglethorpe Power is a wholesale electric power cooperative owned by and serving 38 electric membership corporations in Georgia, including Carroll EMC, which provides electric service to commercial accounts in Floyd County.
For 2020, Oglethorpe Power estimates it will pay more than $47 million in ad valorem taxes for power generation facilities that it owns or co-owns on behalf of its Member EMCs, including Carroll EMC.
About Oglethorpe Power
Oglethorpe Power is one of the nation’s largest power supply cooperatives with more than $13 billion in assets serving 38 Electric Membership Corporations which, collectively, provide electricity to approximately 4.2 million Georgia residents. A proponent of conscientious energy development and use, Oglethorpe Power balances reliable and affordable energy with environmental responsibility and has an outstanding record of regulatory compliance. Its diverse energy portfolio includes natural gas, hydroelectric, coal and nuclear generating plants with a combined capacity of approximately 7,900 megawatts. Oglethorpe Power was established in 1974 and is owned by its 38 Member Systems. Its headquarters are in Tucker, Georgia, an Atlanta suburb.