Oglethorpe Power

In 1935, the Rural Electrification Administration (REA) provided loans for building transmission lines in rural areas, and EMCs were created in Georgia to purchase power from various sources. In 1974, 39 Georgia-based EMCs incorporated Oglethorpe Power Corporation to invest in generating capacities and transmission lines. In 1996, Oglethorpe Power signed a 15-year, $4–5 billion deal with LG&E to receive half of its electricity needs from the Kentucky-based power supplier, with a locked down price on the coal-fired megawatt that LG&E must maintain. In 1997, Oglethorpe restructured into three separate, but interrelated, cooperatives. Oglethorpe Power Corporation handles electricity generation, Georgia Transmission Corporation owns and operates the transmission lines and substations and Georgia System Operations Corporation provides system and administrative support. In 2017, the turmoil surrounding the failed deliveries of nuclear reactors by bankrupted Westinghouse put Oglethorpe Power at the forefront of the country's nuclear crisis. ==Activity==

Oglethorpe Power is the largest power supply cooperative in the United States based upon assets and annual kilowatt-hour sales. The utility's service area covers 65 percent of the state of Georgia. Ogelthorpe co-owns several of its plants with Georgia Power (largest electricity supplier in the state) and the Municipal Electric Authority of Georgia. Oglethorpe's power plants have an annual revenue of $1 billion and assets of over $7 billion, and 4.1 million customers (2011). Lead partner Georgia Power agreed to pay an additional proportion of any project completion costs beyond $9.2 billion. ==Governance==

There is a board of directors composed of directors and managers from EMCs (Electric Membership Cooperatives) and an independent director. The company's leadership team consists of a President and CEO, Executive and Senior Vice Presidents. Leadership Board of directors ==References==