Attached files

file filename
10-Q - 10-Q - OGLETHORPE POWER CORPa2228584z10-q.htm
10-Q - 10-Q - OGLETHORPE POWER CORPa2228584zf1_10-06.pdf
EX-31.1 - EX-31.1 - OGLETHORPE POWER CORPa2228584zex-31_1.htm
EX-31.2 - EX-31.2 - OGLETHORPE POWER CORPa2228584zex-31_2.htm
EX-32.1 - EX-32.1 - OGLETHORPE POWER CORPa2228584zex-32_1.htm
EX-32.2 - EX-32.2 - OGLETHORPE POWER CORPa2228584zex-32_2.htm

QuickLinks -- Click here to rapidly navigate through this document


Exhibit 99.1


FINANCIAL AND STATISTICAL INFORMATION FOR
38 MEMBERS OF OGLETHORPE POWER CORPORATION

        Our members operate their systems on a not-for-profit basis. Accumulated margins derived after payment of operating expenses and provision for depreciation constitute patronage capital of the consumers of our members. Refunds of accumulated patronage capital to the individual consumers may be made from time to time subject to limitations contained in mortgages between our members and the Rural Utilities Service or loan documents with other lenders. The Rural Utilities Service mortgage generally prohibits such distributions unless, after any such distribution, the member's total equity will equal at least 30% of its total assets, except that distributions may be made of up to 25% of the margins and patronage capital received by the member in the preceding year provided that equity is at least 20%.

        We are a membership corporation, and our members are not our subsidiaries. Except with respect to the obligations of our members under each member's wholesale power contract with us and our rights under such contracts to receive payment for power and energy supplied, we have no legal interest in, or obligations in respect of, any of the assets, liabilities, equity, revenues or margins of our members.

        The following selected information on the individual members is intended to show, in the aggregate, the assets, liabilities, equity, revenues and margins of our members. Member assets, liabilities, equity, revenues and margins should not, however, be attributed to us. In addition, the revenues of our members are not pledged to us, but such revenues are received by the respective members and are the source from which moneys are derived by our members to pay for power and energy received from us. Revenues of our members are, however, pledged under their respective Rural Utilities Service mortgages or loan documents with other lenders.

        The information contained in these tables was taken from Rural Utilities Service Financial and Statistical Reports (RUS Form 7) or similar reports prepared for other lenders or provided directly by a member. This information has not been independently verified by the Rural Utilities Service, any lender or us. The "Total" columns were not supplied or compiled by the Rural Utilities Service, any lender or our members. The "Total" column in each table is for informational purposes only, inasmuch as each member operates independently and is not responsible for the obligations of other members, except as provided in the wholesale power contracts (see "Item 1—BUSINESS—OGLETHORPE POWER CORPORATION—Wholesale Power Contracts" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015). In addition, the Times Interest Earned, Equity to Assets and Equity to Total Capitalization ratios were calculated by us from information obtained from each member's RUS Form 7 or other financial information provided to us, but the calculations were not independently verified by our members. No adjustments were made by us in calculating these ratios for items such as debt refinancings that are not reflected separately on the financial information provided to us.

        For the calendar years 2013, 2014 and 2015, the information on the individual members is presented in the succeeding tables as follows:

    Table 1—Selected Statistics,
    Table 2—Average Number of Consumers Served,
    Table 3—Annual Megawatt-hour Sales by Consumer Class,
    Table 4—Annual Revenues by Consumer Class,
    Table 5—Summary of Operating Results, and
    Table 6—Condensed Balance Sheet Information.



FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 1
SELECTED STATISTICS OF EACH MEMBER
(as of December 31)

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2015

                                                             

Avg. Monthly Residential Rev. ($)

    147.35     135.45     150.43     145.77     122.18     175.04     122.11     135.11     128.25     155.76  

Avg. Monthly Residential kWh

    1,081     1,211     1,195     1,189     1,304     1,300     1,164     1,228     1,268     1,289  

Avg. Residential Rev.(cents per kWh)

    13.63     11.18     12.59     12.26     9.37     13.47     10.49     11.00     10.11     12.08  

Times Interest Earned Ratio (1)

   
2.94
   
2.15
   
2.38
   
3.12
   
1.83
   
2.28
   
2.80
   
2.39
   
2.85
   
2.00
 

Equity / Assets (1)

    62%     47%     45%     44%     38%     32%     34%     43%     43%     38%  

Equity / Total Capitalization (1)

    69%     61%     55%     50%     44%     36%     42%     51%     47%     43%  

2014

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    150.05     137.04     146.54     148.86     124.40     173.32     127.10     136.55     136.84     166.67  

Avg. Monthly Residential kWh

    1,129     1,238     1,238     1,227     1,442     1,287     1,157     1,241     1,289     1,345  

Avg. Residential Rev.(cents per kWh)

    13.29     11.07     11.84     12.13     8.63     13.47     10.98     11.01     10.61     12.39  

Times Interest Earned Ratio (1)

   
2.14
   
2.04
   
2.55
   
1.50
   
2.20
   
1.72
   
1.83
   
2.49
   
2.42
   
1.46
 

Equity / Assets (1)

    61%     47%     46%     37%     37%     32%     43%     44%     41%     37%  

Equity / Total Capitalization (1)

    66%     61%     55%     44%     41%     36%     47%     52%     45%     43%  

2013

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    138.02     130.24     142.43     139.26     109.23     159.79     121.01     130.58     130.75     155.87  

Avg. Monthly Residential kWh

    1,051     1,156     1,162     1,152     1,252     1,214     1,102     1,181     1,210     1,318  

Avg. Residential Rev.(cents per kWh)

    13.14     11.27     12.26     12.09     8.72     13.16     10.98     11.06     10.80     11.83  

Times Interest Earned Ratio (1)

   
2.12
   
1.93
   
2.70
   
2.08
   
1.70
   
1.57
   
1.21
   
2.45
   
2.44
   
1.89
 

Equity / Assets (1)

    65%     45%     44%     38%     35%     31%     43%     39%     39%     39%  

Equity / Total Capitalization (1)

    70%     59%     52%     45%     39%     36%     48%     48%     43%     43%  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2015

                                                             

Avg. Monthly Residential Rev. ($)

    147.25     152.22     125.46     152.01     139.43     154.43     146.18     137.82     124.62     140.40  

Avg. Monthly Residential kWh

    1,237     1,206     1,001     1,184     1,186     1,229     1,055     1,227     1,265     1,136  

Avg. Residential Rev.(cents per kWh)

    11.90     12.62     12.53     12.84     11.76     12.57     13.85     11.23     9.85     12.36  

Times Interest Earned Ratio (1)

   
2.33
   
1.98
   
4.04
   
2.29
   
1.83
   
2.78
   
1.63
   
4.03
   
2.07
   
2.21
 

Equity / Assets (1)

    41%     50%     53%     37%     37%     51%     29%     43%     36%     41%  

Equity / Total Capitalization (1)

    45%     59%     63%     42%     41%     58%     33%     54%     52%     51%  

2014

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    152.25     157.70     129.86     158.38     151.57     153.44     144.08     143.93     131.21     140.86  

Avg. Monthly Residential kWh

    1,309     1,231     1,053     1,238     1,203     1,265     1,084     1,267     1,261     1,181  

Avg. Residential Rev.(cents per kWh)

    11.63     12.81     12.33     12.79     12.60     12.13     13.30     11.36     10.41     11.93  

Times Interest Earned Ratio (1)

   
2.58
   
2.18
   
2.87
   
1.92
   
1.78
   
2.69
   
1.68
   
3.04
   
2.06
   
2.66
 

Equity / Assets (1)

    39%     51%     48%     34%     35%     50%     26%     43%     38%     40%  

Equity / Total Capitalization (1)

    43%     62%     57%     39%     42%     58%     30%     54%     51%     49%  

2013

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    145.83     152.93     119.44     134.78     144.22     140.85     134.25     140.87     129.20     134.53  

Avg. Monthly Residential kWh

    1,218     1,184     987     1,116     1,152     1,184     1,009     1,190     1,196     1,123  

Avg. Residential Rev.(cents per kWh)

    11.97     12.91     12.11     12.08     12.52     11.89     13.30     11.84     10.80     11.98  

Times Interest Earned Ratio (1)

   
0.33
   
2.37
   
2.04
   
1.27
   
1.51
   
2.18
   
1.03
   
3.08
   
2.41
   
2.64
 

Equity / Assets (1)

    34%     51%     45%     32%     35%     52%     25%     44%     41%     39%  

Equity / Total Capitalization (1)

    39%     60%     53%     40%     40%     58%     30%     54%     53%     49%  

Footnote:

(1)
Times Interest Earned and Equity ratios were calculated from information contained on each Member's RUS Form 7, or similar form provided to another lender, and were not independently verified by each respective Member.


Table 1 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2015

                                                             

Avg. Monthly Residential Rev. ($)

    122.12     147.97     149.02     128.57     138.03     141.42     142.91     129.17     142.40     133.78  

Avg. Monthly Residential kWh

    1,271     1,314     1,124     1,223     1,043     1,117     1,083     1,267     1,147     1,018  

Avg. Residential Rev.(cents per kWh)

    9.61     11.26     13.26     10.51     13.24     12.67     13.20     10.19     12.42     13.14  

Times Interest Earned Ratio (1)

   
2.37
   
1.70
   
2.83
   
3.24
   
2.24
   
2.59
   
1.54
   
2.25
   
2.35
   
3.00
 

Equity / Assets (1)

    59%     37%     45%     46%     38%     41%     32%     40%     42%     36%  

Equity / Total Capitalization (1)

    67%     45%     56%     52%     45%     49%     36%     47%     50%     41%  

2014

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    128.01     152.59     142.89     127.49     134.64     144.72     155.02     127.99     146.05     137.74  

Avg. Monthly Residential kWh

    1,325     1,368     1,150     1,223     1,076     1,153     1,124     1,297     1,180     1,054  

Avg. Residential Rev.(cents per kWh)

    9.66     11.15     12.42     10.43     12.52     12.55     13.79     9.87     12.37     13.07  

Times Interest Earned Ratio (1)

   
2.30
   
1.77
   
2.59
   
2.15
   
1.71
   
2.71
   
1.98
   
2.18
   
2.05
   
1.97
 

Equity / Assets (1)

    57%     36%     45%     43%     36%     42%     32%     41%     43%     33%  

Equity / Total Capitalization (1)

    65%     45%     54%     48%     42%     50%     34%     47%     53%     39%  

2013

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    118.11     143.04     136.66     120.91     127.71     131.38     153.03     121.54     140.50     130.37  

Avg. Monthly Residential kWh

    1,235     1,267     1,092     1,168     1,019     1,083     1,152     1,234     1,113     991  

Avg. Residential Rev.(cents per kWh)

    9.56     11.29     12.52     10.35     12.54     12.13     13.29     9.85     12.63     13.16  

Times Interest Earned Ratio (1)

   
2.24
   
1.37
   
2.82
   
2.19
   
1.71
   
2.11
   
0.45
   
1.94
   
2.56
   
1.72
 

Equity / Assets (1)

    58%     33%     45%     42%     32%     42%     30%     40%     42%     33%  

Equity / Total Capitalization (1)

    66%     40%     57%     47%     38%     51%     32%     46%     51%     40%  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
WTD. AVG.
 

2015

                                                             

Avg. Monthly Residential Rev. ($)

    128.49     156.16     166.16     121.05     131.62     122.80     135.30     127.51           133.86  

Avg. Monthly Residential kWh

    1,337     1,269     1,351     915     1,177     1,104     1,286     1,073           1,226  

Avg. Residential Rev.(cents per kWh)

    9.61     12.3     12.30     13.2     11.19     11.12     10.52     11.89           10.92  

Times Interest Earned Ratio (1)

   
1.77
   
2.91
   
2.22
   
2.42
   
1.54
   
3.71
   
3.64
   
2.89
         
2.47
 

Equity / Assets (1)

    37%     34%     49%     42%     37%     50%     44%     53%           41%  

Equity / Total Capitalization (1)

    55%     41%     53%     46%     40%     58%     64%     57%           49%  

2014

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    130.30     167.16     170.35     127.77     154.42     130.22     134.79     129.59           137.07  

Avg. Monthly Residential kWh

    1,346     1,329     1,409     946     1,226     1,148     1,311     1,115           1,251  

Avg. Residential Rev.(cents per kWh)

    9.68     12.58     12.09     13.51     12.60     11.34     10.28     11.62           10.96  

Times Interest Earned Ratio (1)

   
1.70
   
2.29
   
1.93
   
3.56
   
1.67
   
3.31
   
3.32
   
2.12
         
2.11
 

Equity / Assets (1)

    39%     35%     47%     42%     36%     51%     44%     52%           41%  

Equity / Total Capitalization (1)

    53%     43%     52%     45%     39%     59%     63%     57%           49%  

2013

   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
   
 
 

Avg. Monthly Residential Rev. ($)

    121.08     153.37     160.29     115.67     139.00     118.63     126.45     119.22           129.49  

Avg. Monthly Residential kWh

    1,252     1,252     1,317     887     1,142     1,063     1,238     1,036           1,179  

Avg. Residential Rev.(cents per kWh)

    9.67     12.25     12.18     13.03     12.17     11.16     10.21     11.50           10.99  

Times Interest Earned Ratio (1)

   
1.52
   
2.00
   
1.85
   
1.64
   
1.56
   
2.45
   
3.48
   
2.17
         
1.92
 

Equity / Assets (1)

    41%     33%     47%     38%     34%     51%     44%     52%           41%  

Equity / Total Capitalization (1)

    54%     40%     52%     43%     37%     59%     58%     57%           48%  

Footnote:

(1)
Times Interest Earned and Equity ratios were calculated from information contained on each Member's RUS Form 7, or similar form provided to another lender, and were not independently verified by each respective Member.

FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 2
AVERAGE NUMBER OF CONSUMERS SERVED BY EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2015

                                                             

Residential Service

    18,209     42,453     20,233     47,109     48,895     15,458     178,830     58,483     70,951     29,509  

Commercial & Industrial

    1,811     4,564     349     2,492     4,559     2,293     16,045     3,485     5,916     4,182  

Other

    226     9     418     371     307     146     5,282     2,817     754     930  

Total Consumers Served

    20,246     47,026     21,000     49,972     53,761     17,897     200,157     64,785     77,621     34,621  

2014

                                                             

Residential Service

    18,051     42,094     20,021     46,812     48,158     15,122     176,178     57,965     70,031     29,365  

Commercial & Industrial

    1,795     4,411     341     2,453     4,457     2,171     15,917     3,448     5,926     4,161  

Other

    207     9     405     370     298     148     5,078     2,715     746     901  

Total Consumers Served

    20,053     46,514     20,767     49,635     52,913     17,441     197,173     64,128     76,703     34,427  

2013

                                                             

Residential Service

    17,996     41,847     19,847     46,533     47,704     14,912     178,149     57,724     69,043     24,995  

Commercial & Industrial

    1,791     4,277     337     2,460     4,314     2,016     16,209     3,439     5,872     3,683  

Other

    186     9     392     368     289     146     7,322     2,592     739     167  

Total Consumers Served

    19,973     46,133     20,576     49,361     52,307     17,074     201,680     63,755     75,654     28,845  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2015

                                                             

Residential Service

    5,138     21,110     10,824     10,367     32,372     15,088     15,682     49,785     147,411     7,950  

Commercial & Industrial

    1,705     1,186     665     1,900     2,404     581     2,634     2,588     15,542     384  

Other

    1,094     2,835     558     172     434     925         2,280     1,921     262  

Total Consumers Served

    7,937     25,131     12,047     12,439     35,210     16,594     18,316     54,653     164,874     8,596  

2014

                                                             

Residential Service

    5,099     21,160     10,794     10,497     32,302     15,043     15,743     49,349     143,789     7,850  

Commercial & Industrial

    1,705     1,177     660     1,866     2,376     580     2,556     2,558     15,707     375  

Other

    1,056     2,782     539     169     434     895         2,228     1,383     252  

Total Consumers Served

    7,860     25,119     11,993     12,532     35,112     16,518     18,299     54,135     160,879     8,477  

2013

                                                             

Residential Service

    5,122     21,168     10,770     10,692     32,083     15,046     15,736     49,023     140,420     7,820  

Commercial & Industrial

    1,704     1,174     660     1,766     2,342     571     2,509     2,533     15,395     377  

Other

    989     2,654     511     164     432     850         2,155     1,396     246  

Total Consumers Served

    7,815     24,996     11,941     12,622     34,857     16,467     18,245     53,711     157,211     8,443  

Table 2 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2015

                                                             

Residential Service

    20,544     72,167     18,427     114,466     31,654     28,080     10,677     196,654     31,265     10,607  

Commercial & Industrial

    1,365     9,952     480     9,698     2,388     7,418     167     16,677     1,716     136  

Other

    379     1,032     657     1,049     7     10     1,391     4,662     402     402  

Total Consumers Served

    22,288     83,151     19,564     125,213     34,049     35,508     12,235     217,993     33,383     11,145  

2014

                                                             

Residential Service

    20,422     71,442     18,345     113,228     31,545     28,134     10,771     192,993     31,112     10,575  

Commercial & Industrial

    1,349     9,763     477     8,697     2,396     7,242     143     16,383     1,699     135  

Other

    364     979     638     137     7     10     1,293     4,621     385     395  

Total Consumers Served

    22,135     82,184     19,460     122,062     33,948     35,386     12,207     213,997     33,196     11,105  

2013

                                                             

Residential Service

   
20,286
   
70,990
   
18,343
   
111,966
   
31,426
   
28,198
   
9,849
   
189,650
   
31,023
   
10,555
 

Commercial & Industrial

    1,345     9,629     477     8,534     2,394     7,169     125     16,085     1,702     133  

Other

    339     948     615     246     7     9     1,126     4,570     369     385  

Total Consumers Served

    21,970     81,567     19,435     120,746     33,827     35,376     11,100     210,305     33,094     11,073  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2015

                                                             

Residential Service

    89,831     17,650     14,680     13,828     19,117     8,291     114,147     14,656           1,672,598  

Commercial & Industrial

    4,059     1,085     4,899     519     1,970     675     7,748     599           146,836  

Other

    1,226     17     695     937         113     1,665     111           36,496  

Total Consumers Served

    95,116     18,752     20,274     15,284     21,087     9,079     123,560     15,366           1,855,930  

2014

                                                             

Residential Service

    88,901     17,525     14,630     13,809     19,044     8,294     112,271     14,590           1,653,054  

Commercial & Industrial

    4,048     1,091     4,862     529     1,923     694     7,791     615           144,477  

Other

    1,136     16     635     911         113     1,733     106           34,094  

Total Consumers Served

    94,085     18,632     20,127     15,249     20,967     9,101     121,795     15,311           1,831,625  

2013

                                                             

Residential Service

    87,686     17,495     14,665     13,867     19,087     8,305     110,466     14,641           1,635,128  

Commercial & Industrial

    4,060     1,081     4,792     1,383     1,898     702     7,707     618           143,263  

Other

    1,040     16     573     3         116     1,698     88           33,755  

Total Consumers Served

    92,786     18,592     20,030     15,253     20,985     9,123     119,871     15,347           1,812,146  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 3
ANNUAL MWh SALES BY CONSUMER CLASS OF EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2015

                                                             

Residential Service

    236,206     617,022     290,100     672,224     764,836     241,077     2,497,093     862,037     1,080,014     456,495  

Commercial & Industrial

    166,949     111,139     117,416     379,203     415,726     236,840     1,199,301     265,690     446,645     206,451  

Other

    7,385     182     6,064     6,803     4,185     2,599     215,802     101,538     8,168     40,172  

Total MWh Sales

    410,540     728,343     413,580     1,058,230     1,184,746     480,515     3,912,197     1,229,265     1,534,827     703,118  

2014

                                                             

Residential Service

    244,571     625,220     297,399     689,101     833,126     233,496     2,446,619     862,949     1,083,647     473,907  

Commercial & Industrial

    159,484     108,137     115,963     365,050     421,039     225,448     1,180,381     256,093     437,499     194,732  

Other

    7,622     181     6,196     6,737     4,006     2,592     211,364     99,631     8,456     42,485  

Total MWh Sales

    411,677     733,538     419,559     1,060,888     1,258,171     461,537     3,838,363     1,218,673     1,529,602     711,124  

2013

                                                             

Residential Service

    226,875     580,517     276,675     643,101     716,638     217,327     2,356,264     817,927     1,002,732     395,320  

Commercial & Industrial

    142,649     103,946     114,650     361,089     366,766     218,963     1,192,155     248,212     418,518     141,670  

Other

    5,595     183     4,352     6,297     3,800     2,421     231,140     80,339     8,579     13,189  

Total MWh Sales

    375,119     684,647     395,677     1,010,487     1,087,204     438,711     3,779,559     1,146,478     1,429,829     550,179  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2015

                                                             

Residential Service

    76,263     305,598     130,012     147,315     460,763     222,474     198,557     733,089     2,238,195     108,359  

Commercial & Industrial

    39,201     80,198     48,431     123,809     67,150     36,128     60,663     314,173     987,819     60,694  

Other

    25,061     54,736     9,166     5,823     17,323     29,130         39,059     144,994     4,167  

Total MWh Sales

    140,525     440,532     187,609     276,947     545,236     287,732     259,221     1,086,321     3,371,008     173,220  

2014

                                                             

Residential Service

    80,096     312,645     136,439     156,004     466,312     228,340     204,693     750,516     2,175,190     111,259  

Commercial & Industrial

    38,908     71,674     45,979     190,962     62,470     31,407     58,815     312,458     1,076,306     58,167  

Other

    30,714     77,033     9,003     4,598     17,487     25,103         42,750     29,526     3,769  

Total MWh Sales

    149,718     461,352     191,420     351,564     546,269     284,850     263,508     1,105,725     3,281,022     173,195  

2013

                                                             

Residential Service

    74,877     300,854     127,498     143,178     443,426     213,857     190,608     699,882     2,015,890     105,387  

Commercial & Industrial

    38,043     66,339     44,271     181,530     65,291     24,952     55,239     321,234     1,040,536     59,640  

Other

    10,588     53,386     5,024     3,050     17,415     14,198         30,979     29,695     4,086  

Total MWh Sales

    123,508     420,579     176,793     327,758     526,132     253,007     245,847     1,052,095     3,086,121     169,112  

Table 3 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2015

                                                             

Residential Service

    313,283     1,137,647     248,546     1,679,776     396,144     376,226     138,706     2,990,406     430,272     129,613  

Commercial & Industrial

    66,037     561,059     37,007     1,000,149     98,339     195,092     30,345     1,980,615     114,277     50,394  

Other

    5,422     50,094     19,274     15,935     142     659     23,956     297,802     19,444     6,602  

Total MWh Sales

    384,742     1,748,800     304,826     2,695,860     494,625     571,978     193,007     5,268,823     563,992     186,608  

2014

                                                             

Residential Service

    324,757     1,172,804     253,164     1,661,068     407,131     389,349     145,285     3,003,211     440,649     133,781  

Commercial & Industrial

    69,978     555,935     37,944     1,044,869     99,347     190,072     27,139     1,907,420     110,236     49,311  

Other

    5,249     49,215     18,829     16,608     142     739     29,410     290,569     20,351     6,802  

Total MWh Sales

    399,983     1,777,953     309,937     2,722,545     506,620     580,159     201,834     5,201,199     571,236     189,894  

2013

                                                             

Residential Service

    300,698     1,079,290     240,270     1,569,336     384,189     366,492     136,116     2,809,034     414,191     125,496  

Commercial & Industrial

    67,924     522,242     39,087     1,053,568     95,030     178,374     27,306     1,831,132     107,039     48,234  

Other

    3,568     38,519     14,632     16,813     142     447     12,848     284,046     12,516     4,830  

Total MWh Sales

    372,190     1,640,050     293,990     2,639,717     479,361     545,313     176,270     4,924,212     533,746     178,560  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2015

                                                             

Residential Service

    1,441,067     268,728     237,956     151,885     269,897     109,837     1,762,173     188,662           24,608,555  

Commercial & Industrial

    485,842     52,107     94,091     28,288     93,682     15,394     679,995     155,806           11,102,144  

Other

    17,457     5,153     35,465     48,266         3,204     72,994     5,536           1,349,761  

Total MWh Sales

    1,944,366     325,988     367,512     228,439     363,578     128,436     2,515,162     350,004           37,060,460  

2014

                                                             

Residential Service

    1,436,457     279,492     247,375     156,754     280,141     114,297     1,766,715     195,241           24,819,199  

Commercial & Industrial

    464,861     49,770     92,571     28,453     90,238     14,969     672,702     160,465           11,077,249  

Other

    17,188     4,970     39,855     47,983         3,204     75,643     5,849           1,261,860  

Total MWh Sales

    1,918,506     334,232     379,801     233,189     370,379     132,470     2,515,060     361,555           37,158,308  

2013

                                                             

Residential Service

    1,317,677     262,783     231,679     147,675     261,648     105,934     1,641,384     182,061           23,124,789  

Commercial & Industrial

    442,219     49,161     89,981     28,540     87,308     14,297     649,173     165,521           10,701,826  

Other

    16,404     4,900     22,075     31,358         2,753     71,847     2,554           1,064,569  

Total MWh Sales

    1,776,300     316,844     343,735     207,573     348,955     122,985     2,362,404     350,136           34,891,184  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 4
ANNUAL REVENUES BY CONSUMER CLASS OF EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2015

                                                             

Residential Service

  $ 32,196,751   $ 69,001,762   $ 36,523,032   $ 82,406,067   $ 71,689,332   $ 32,468,578   $ 262,049,222   $ 94,816,410   $ 109,191,713   $ 55,155,404  

Commercial & Industrial

    16,066,596     13,579,957     12,077,067     30,712,460     30,364,125     21,504,713     107,645,599     25,445,708     37,899,922     19,302,657  

Other

    859,510     36,323     900,641     920,987     666,496     410,007     23,894,885     11,061,525     1,811,618     4,359,735  

Total Electric Sales

  $ 49,122,857   $ 82,618,042   $ 49,500,740   $ 114,039,514   $ 102,719,953   $ 54,383,298   $ 393,589,706   $ 131,323,643   $ 148,903,253   $ 78,817,796  

Other Operating Revenue

    652,842     7,619,926     5,651,223     1,578,138     (4,293,776 )   860,203     8,483,677     3,353,925     3,711,361     2,813,700  

Total Operating Revenue

  $ 49,775,699   $ 90,237,968   $ 55,151,963   $ 115,617,652   $ 98,426,177   $ 55,243,501   $ 402,073,383   $ 134,677,568   $ 152,614,614   $ 81,631,496  

2014

                                                             

Residential Service

  $ 32,502,906   $ 69,221,808   $ 35,206,165   $ 83,621,543   $ 71,889,185   $ 31,451,542   $ 268,711,028   $ 94,979,008   $ 115,000,171   $ 58,730,616  

Commercial & Industrial

    15,318,133     13,192,521     11,214,679     29,763,343     31,473,290     20,688,752     110,323,157     24,603,753     39,532,563     19,326,447  

Other

    870,701     36,049     887,327     909,728     642,185     408,480     24,410,146     10,949,665     1,775,470     4,616,663  

Total Electric Sales

  $ 48,691,740   $ 82,450,378   $ 47,308,171   $ 114,294,614   $ 104,004,660   $ 52,548,774   $ 403,444,330   $ 130,532,426   $ 156,308,204   $ 82,673,726  

Other Operating Revenue

    286,802     3,449,429     6,287,011     1,521,840     3,622,259     746,554     9,211,084     3,231,663     3,478,495     3,113,734  

Total Operating Revenue

  $ 48,978,542   $ 85,899,807   $ 53,595,182   $ 115,816,454   $ 107,626,919   $ 53,295,328   $ 412,655,414   $ 133,764,089   $ 159,786,699   $ 85,787,460  

2013

                                                             

Residential Service

  $ 29,804,753   $ 65,400,855   $ 33,921,125   $ 77,760,361   $ 62,525,782   $ 28,594,318   $ 258,698,730   $ 90,450,818   $ 108,330,474   $ 46,750,957  

Commercial & Industrial

    13,603,007     12,648,695     11,186,117     28,862,345     27,299,708     19,016,566     110,227,924     23,792,320     38,182,150     14,363,987  

Other

    638,547     35,784     685,823     850,465     620,534     377,739     25,535,827     8,835,705     1,770,901     1,333,699  

Total Electric Sales

  $ 44,046,307   $ 78,085,334   $ 45,793,065   $ 107,473,171   $ 90,446,024   $ 47,988,623   $ 394,462,480   $ 123,078,843   $ 148,283,525   $ 62,448,643  

Other Operating Revenue

    712,275     5,305,586     6,390,494     2,944,969     3,626,070     1,033,191     9,330,881     3,250,466     3,661,349     2,851,674  

Total Operating Revenue

  $ 44,758,582   $ 83,390,920   $ 52,183,559   $ 110,418,140   $ 94,072,094   $ 49,021,814   $ 403,793,361   $ 126,329,309   $ 151,944,874   $ 65,300,317  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2015

                                                             

Residential Service

  $ 9,078,769   $ 38,560,102   $ 16,295,275   $ 18,910,485   $ 54,163,242   $ 27,960,080   $ 27,508,014   $ 82,334,700   $ 220,443,140   $ 13,393,965  

Commercial & Industrial

    4,971,242     8,688,564     4,470,042     10,403,884     7,637,491     3,586,588     8,133,675     21,892,478     87,234,713     6,242,828  

Other

    3,637,374     9,529,568     1,359,137     665,606     1,896,767     3,909,166         4,886,931     15,423,984     561,895  

Total Electric Sales

  $ 17,687,385   $ 56,778,234   $ 22,124,454   $ 29,979,975   $ 63,697,500   $ 35,455,834   $ 35,641,689   $ 109,114,109   $ 323,101,837   $ 20,198,688  

Other Operating Revenue

    212,976     4,335,471     681,956     700,083     945,069     354,946     612,604     10,274,344     (9,241,872 )   718,783  

Total Operating Revenue

  $ 17,900,361   $ 61,113,705   $ 22,806,410   $ 30,680,058   $ 64,642,569   $ 35,810,780   $ 36,254,293   $ 119,388,453   $ 313,859,965   $ 20,917,471  

2014

                                                             

Residential Service

  $ 9,315,777   $ 40,042,568   $ 16,819,951   $ 19,950,337   $ 58,752,429   $ 27,697,481   $ 27,218,498   $ 85,236,127   $ 226,405,531   $ 13,268,642  

Commercial & Industrial

    4,896,847     8,197,450     4,447,893     14,086,620     7,598,333     3,047,313     7,580,040     23,352,895     99,206,916     5,725,497  

Other

    3,987,215     10,079,486     1,334,532     552,473     2,055,754     3,335,160         5,350,513     5,551,082     478,490  

Total Electric Sales

  $ 18,199,839   $ 58,319,504   $ 22,602,376   $ 34,589,430   $ 68,406,516   $ 34,079,954   $ 34,798,538   $ 113,939,535   $ 331,163,529   $ 19,472,629  

Other Operating Revenue

    572,366     (637,525 )   781,808     708,039     969,161     1,653,677     483,650     3,276,493     (5,321,351 )   772,306  

Total Operating Revenue

  $ 18,772,205   $ 57,681,979   $ 23,384,184   $ 35,297,469   $ 69,375,677   $ 35,733,631   $ 35,282,188   $ 117,216,028   $ 325,842,178   $ 20,244,935  

2013

                                                             

Residential Service

  $ 8,963,100   $ 38,846,309   $ 15,436,967   $ 17,293,201   $ 55,524,398   $ 25,431,313   $ 25,350,547   $ 82,869,264   $ 217,702,065   $ 12,623,845  

Commercial & Industrial

    4,852,184     7,915,949     4,067,452     12,797,829     7,380,880     2,488,235     7,322,253     23,959,203     98,235,793     5,797,217  

Other

    1,815,905     7,001,559     830,461     376,731     1,919,937     2,014,716         4,153,859     5,095,807     510,970  

Total Electric Sales

  $ 15,631,189   $ 53,763,817   $ 20,334,880   $ 30,467,761   $ 64,825,215   $ 29,934,264   $ 32,672,800   $ 110,982,326   $ 321,033,665   $ 18,932,032  

Other Operating Revenue

    415,231     1,793,194     772,766     1,091,131     1,009,724     923,630     412,879     3,505,380     (4,889,653 )   893,582  

Total Operating Revenue

  $ 16,046,420   $ 55,557,011   $ 21,107,646   $ 31,558,892   $ 65,834,939   $ 30,857,894   $ 33,085,679   $ 114,487,706   $ 316,144,012   $ 19,825,614  

Table 4 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2015

                                                             

Residential Service

  $ 30,105,705   $ 128,146,837   $ 32,952,721   $ 176,599,344   $ 52,432,075   $ 47,652,426   $ 18,309,567   $ 304,831,300   $ 53,425,345   $ 17,027,947  

Commercial & Industrial

    6,512,623     52,482,194     4,043,560     94,121,440     11,599,413     23,149,653     3,290,051     174,527,822     11,776,999     4,631,479  

Other

    644,041     4,977,333     2,629,128     2,586,513     10,949     70,145     3,077,481     31,707,178     2,545,974     953,154  

Total Electric Sales

  $ 37,262,369   $ 185,606,364   $ 39,625,409   $ 273,307,297   $ 64,042,437   $ 70,872,224   $ 24,677,099   $ 511,066,300   $ 67,748,318   $ 22,612,580  

Other Operating Revenue

    (100,648 )   11,131,817     1,359,650     8,126,152     2,981,224     3,842,691     447,982     11,402,952     4,980,001     1,974,969  

Total Operating Revenue

  $ 37,161,721   $ 196,738,181   $ 40,985,059   $ 281,433,449   $ 67,023,661   $ 74,714,915   $ 25,125,081   $ 522,469,252   $ 72,728,319   $ 24,587,549  

2014

                                                             

Residential Service

  $ 31,369,776   $ 130,815,290   $ 31,454,811   $ 173,231,715   $ 50,964,997   $ 48,859,313   $ 20,036,743   $ 296,423,591   $ 54,526,532   $ 17,479,296  

Commercial & Industrial

    6,916,742     52,165,387     3,844,017     95,186,140     11,117,366     22,389,790     3,152,184     166,426,540     10,621,678     4,450,005  

Other

    660,250     4,896,819     2,357,523     2,576,204     10,838     77,313     3,955,758     30,459,903     2,605,315     988,687  

Total Electric Sales

  $ 38,946,768   $ 187,877,496   $ 37,656,351   $ 270,994,059   $ 62,093,201   $ 71,326,416   $ 27,144,685   $ 493,310,034   $ 67,753,525   $ 22,917,988  

Other Operating Revenue

    (53,657 )   8,113,583     1,691,541     8,373,725     1,987,790     2,430,256     760,098     17,425,900     4,073,898     998,298  

Total Operating Revenue

  $ 38,893,111   $ 195,991,079   $ 39,347,892   $ 279,367,784   $ 64,080,991   $ 73,756,672   $ 27,904,783   $ 510,735,934   $ 71,827,423   $ 23,916,286  

2013

                                                             

Residential Service

  $ 28,750,569   $ 121,853,462   $ 30,080,001   $ 162,458,971   $ 48,162,693   $ 44,456,594   $ 18,085,978   $ 276,609,062   $ 52,304,820   $ 16,512,952  

Commercial & Industrial

    6,525,654     50,021,692     3,936,392     94,395,898     10,574,549     20,402,399     2,884,699     159,868,292     10,830,768     4,275,105  

Other

    525,664     4,024,889     1,994,794     2,621,534     9,623     49,072     2,434,462     28,727,876     1,862,627     754,268  

Total Electric Sales

  $ 35,801,887   $ 175,900,043   $ 36,011,187   $ 259,476,403   $ 58,746,865   $ 64,908,065   $ 23,405,139   $ 465,205,230   $ 64,998,215   $ 21,542,325  

Other Operating Revenue

    2,364     4,451,630     1,642,702     8,162,620     3,085,674     3,988,569     357,008     2,490,757     3,149,837     920,511  

Total Operating Revenue

  $ 35,804,251   $ 180,351,673   $ 37,653,889   $ 267,639,023   $ 61,832,539   $ 68,896,634   $ 23,762,147   $ 467,695,987   $ 68,148,052   $ 22,462,836  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2015

                                                             

Residential Service

  $ 138,503,926   $ 33,073,727   $ 29,271,388   $ 20,087,367   $ 30,194,999   $ 12,217,150   $ 185,324,965   $ 22,426,298         $ 2,686,729,130  

Commercial & Industrial

    37,479,806     5,270,797     12,003,531     3,828,707     8,139,095     1,733,974     62,877,997     12,423,468           1,007,752,918  

Other

    3,081,315     424,619     4,851,143     8,044,632         382,965     8,887,304     619,102           162,285,131  

Total Electric Sales

  $ 179,065,047   $ 38,769,143   $ 46,126,062   $ 31,960,706   $ 38,334,094   $ 14,334,089   $ 257,090,266   $ 35,468,868         $ 3,856,767,179  

Other Operating Revenue

    (10,786,844 )   1,060,162     2,213,617     752,409     1,093,822     382,748     (9,878,844 )   803,679           71,813,118  

Total Operating Revenue

  $ 168,278,203   $ 39,829,305   $ 48,339,679   $ 32,713,115   $ 39,427,916   $ 14,716,837   $ 247,211,422   $ 36,272,547         $ 3,928,580,297  

2014

                                                             

Residential Service

  $ 139,003,760   $ 35,153,830   $ 29,906,410   $ 21,171,783   $ 35,288,799   $ 12,961,010   $ 181,601,959   $ 22,689,151         $ 2,718,960,079  

Commercial & Industrial

    36,602,849     5,312,315     11,676,789     3,898,302     9,307,516     1,786,663     62,223,219     12,584,310           1,013,238,254  

Other

    2,949,211     421,726     5,227,065     8,225,068         399,321     9,143,413     611,735           153,797,268  

Total Electric Sales

  $ 178,555,820   $ 40,887,871   $ 46,810,264   $ 33,295,153   $ 44,596,315   $ 15,146,994   $ 252,968,591   $ 35,885,196         $ 3,885,995,600  

Other Operating Revenue

    (4,561,532 )   1,154,770     1,246,778     782,458     1,225,393     475,790     (2,329,997 )   935,917           82,938,504  

Total Operating Revenue

  $ 173,994,288   $ 42,042,641   $ 48,057,042   $ 34,077,611   $ 45,821,708   $ 15,622,784   $ 250,638,594   $ 36,821,113         $ 3,968,934,104  

2013

                                                             

Residential Service

  $ 127,407,451   $ 32,197,847   $ 28,208,639   $ 19,248,045   $ 31,836,851   $ 11,822,703   $ 167,619,042   $ 20,945,664         $ 2,540,840,526  

Commercial & Industrial

    34,989,781     4,885,468     11,189,614     3,726,638     8,461,557     1,643,866     59,922,574     12,460,082           974,994,842  

Other

    2,771,867     394,869     3,226,980     5,673,681         339,836     8,771,509     342,880           128,931,400  

Total Electric Sales

  $ 165,169,099   $ 37,478,184   $ 42,625,233   $ 28,648,364   $ 40,298,408   $ 13,806,405   $ 236,313,125   $ 33,748,626         $ 3,644,766,767  

Other Operating Revenue

    (3,107,382 )   1,265,243     1,325,605     782,110     1,208,225     459,730     8,489,327     954,639           84,663,988  

Total Operating Revenue

  $ 162,061,717   $ 38,743,427   $ 43,950,838   $ 29,430,474   $ 41,506,633   $ 14,266,135   $ 244,802,452   $ 34,703,265         $ 3,729,430,755  

FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 5
SUMMARY OF OPERATING RESULTS OF EACH MEMBER

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2015

                                                             

Operating Revenue & Patronage Capital

  $ 49,775,698   $ 90,237,968   $ 55,151,963   $ 115,617,653   $ 98,426,177   $ 55,243,501   $ 402,073,383   $ 134,677,568   $ 152,614,614   $ 81,631,496  

Depreciation and Amortization

    3,277,791     5,988,572     4,116,095     7,903,199     6,106,847     2,996,636     33,046,849     8,293,731     9,534,698     7,568,627  

Other Operating Expenses

    44,946,221     80,713,982     45,849,011     93,154,067     85,439,158     47,697,814     327,145,545     117,631,489     130,788,228     66,363,242  

Electric Operating Margin

  $ 1,551,686   $ 3,535,414   $ 5,186,857   $ 14,560,387   $ 6,880,172   $ 4,549,051   $ 41,880,989   $ 8,752,348   $ 12,291,688   $ 7,699,627  

Other Income

    2,314,655     3,027,298     1,181,367     2,553,340     3,218,714     834,371     24,646,594     1,936,548     6,524,856     1,395,727  

Gross Operating Margin

  $ 3,866,341   $ 6,562,712   $ 6,368,224   $ 17,113,727   $ 10,098,886   $ 5,383,422   $ 66,527,583   $ 10,688,896   $ 18,816,544   $ 9,095,354  

Interest on Long-term Debt

    1,304,988     3,043,040     2,668,480     5,391,017     5,519,923     2,334,398     23,519,110     4,478,996     6,543,836     4,533,426  

Other Deductions

    28,701     8,524     11,244     298,895     9,261     50,421     748,298         137,950     26,094  

Net Margins

  $ 2,532,652   $ 3,511,148   $ 3,688,500   $ 11,423,815   $ 4,569,702   $ 2,998,603   $ 42,260,175   $ 6,209,900   $ 12,134,758   $ 4,535,834  

2014

                                                             

Operating Revenue & Patronage Capital

  $ 48,978,545   $ 85,899,807   $ 53,595,182   $ 115,816,454   $ 107,626,919   $ 53,295,328   $ 412,655,414   $ 133,764,089   $ 159,786,698   $ 85,787,460  

Depreciation and Amortization

    3,210,826     5,899,816     3,938,456     8,398,486     5,944,196     2,832,851     30,262,072     7,691,600     9,213,497     7,289,346  

Other Operating Expenses

    44,384,266     76,522,930     44,551,325     101,503,042     93,035,911     47,246,975     356,690,448     117,085,488     140,323,834     73,477,881  

Electric Operating Margin

  $ 1,383,453   $ 3,477,061   $ 5,105,401   $ 5,914,926   $ 8,646,812   $ 3,215,502   $ 25,702,893   $ 8,987,001   $ 10,249,367   $ 5,020,233  

Other Income

    1,288,009     2,463,251     1,691,844     2,366,138     3,065,334     776,115     19,464,540     1,807,982     6,629,031     1,470,719  

Gross Operating Margin

  $ 2,671,462   $ 5,940,312   $ 6,797,245   $ 8,281,064   $ 11,712,146   $ 3,991,617   $ 45,167,434   $ 10,794,983   $ 16,878,398   $ 6,490,952  

Interest on Long-term Debt

    1,238,177     2,911,273     2,659,289     5,509,467     5,307,952     2,278,518     24,412,233     4,330,037     6,918,759     4,413,911  

Other Deductions

    25,620     335     22,404         38,391     72,296     560,838         147,510     60,028  

Net Margins

  $ 1,407,665   $ 3,028,704   $ 4,115,552   $ 2,771,597   $ 6,365,803   $ 1,640,803   $ 20,194,363   $ 6,464,946   $ 9,812,129   $ 2,017,013  

2013

                                                             

Operating Revenue & Patronage Capital

  $ 44,758,583   $ 83,390,920   $ 52,183,559   $ 110,418,140   $ 94,072,094   $ 49,021,814   $ 403,793,361   $ 126,115,512   $ 151,944,875   $ 65,300,317  

Depreciation and Amortization

    3,019,923     5,985,879     3,801,659     8,216,766     5,711,738     2,732,936     28,195,430     7,264,761     8,924,175     5,516,958  

Other Operating Expenses

    40,304,162     73,838,406     42,239,092     94,184,308     82,195,869     43,356,588     349,218,454     110,229,326     131,289,421     55,414,618  

Electric Operating Margin

  $ 1,434,498   $ 3,566,635   $ 6,142,808   $ 8,017,066   $ 6,164,487   $ 2,932,290   $ 26,379,476   $ 8,621,425   $ 11,731,279   $ 4,368,741  

Other Income

    1,248,983     2,675,103     1,244,895     998,096     2,819,345     744,204     3,700,691     1,732,983     6,021,647     1,524,737  

Gross Operating Margin

  $ 2,683,481   $ 6,241,738   $ 7,387,703   $ 9,015,162   $ 8,983,832   $ 3,676,494   $ 30,080,167   $ 10,354,408   $ 17,752,926   $ 5,893,478  

Interest on Long-term Debt

    1,253,635     3,241,282     2,731,394     4,340,384     5,290,531     2,309,010     24,183,237     4,230,012     7,227,498     3,097,667  

Other Deductions

    20,533         5,774             49,519     802,598         107,723     46,901  

Net Margins

  $ 1,409,313   $ 3,000,456   $ 4,650,535   $ 4,674,778   $ 3,693,301   $ 1,317,965   $ 5,094,332   $ 6,124,396   $ 10,417,705   $ 2,748,910  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Middle
Georgia
  Mitchell   Ocmulgee   Oconee   Okefenoke   Planters   Rayle   Satilla   Sawnee   Slash
Pine
 

2015

                                                             

Operating Revenue & Patronage Capital

  $ 17,900,361   $ 61,113,705   $ 22,806,410   $ 30,680,058   $ 64,642,569   $ 35,810,783   $ 36,254,293   $ 119,388,451   $ 313,859,965   $ 20,917,470  

Depreciation and Amortization

    1,453,788     3,982,279     1,427,503     2,213,587     4,789,362     2,078,641     2,854,467     6,225,553     16,853,235     923,647  

Other Operating Expenses

    14,455,981     53,996,637     17,840,487     24,991,213     54,782,131     31,088,303     30,820,479     102,527,147     280,537,035     18,865,414  

Electric Operating Margin

  $ 1,990,592   $ 3,134,789   $ 3,538,420   $ 3,475,258   $ 5,071,076   $ 2,643,839   $ 2,579,347   $ 10,635,751   $ 16,469,695   $ 1,128,409  

Other Income

    434,539     1,316,873     527,158     839,783     1,215,146     1,413,642     1,108,244     2,934,801     6,550,989     361,720  

Gross Operating Margin

  $ 2,425,131   $ 4,451,662   $ 4,065,578   $ 4,315,041   $ 6,286,222   $ 4,057,481   $ 3,687,591   $ 13,570,552   $ 23,020,684   $ 1,490,129  

Interest on Long-term Debt

    1,016,189     2,158,739     1,003,753     1,888,422     3,338,339     1,449,910     2,244,503     3,318,225     11,103,452     667,599  

Other Deductions

    53,853     185,842     14,086     (8,060 )   161,976     30,665     39,650     190,537     51,252     14,127.00  

Net Margins

  $ 1,355,089   $ 2,107,081   $ 3,047,739   $ 2,434,679   $ 2,785,907   $ 2,576,906   $ 1,403,438   $ 10,061,790   $ 11,865,980   $ 808,403  

2014

                                                             

Operating Revenue & Patronage Capital

  $ 18,772,204   $ 57,681,979   $ 23,384,184   $ 35,297,469   $ 69,375,677   $ 35,733,630   $ 35,282,188   $ 117,216,027   $ 325,842,179   $ 20,244,935  

Depreciation and Amortization

    1,394,849     4,063,617     1,388,825     1,958,405     4,706,524     1,935,394     2,529,534     5,977,384     16,088,754     895,077  

Other Operating Expenses

    15,080,689     50,614,745     19,465,936     30,343,502     59,696,084     31,301,024     29,999,790     102,786,811     294,294,130     17,862,267  

Electric Operating Margin

  $ 2,296,666   $ 3,003,617   $ 2,529,423   $ 2,995,562   $ 4,973,069   $ 2,497,212   $ 2,752,864   $ 8,451,832   $ 15,459,295   $ 1,487,591  

Other Income

    447,307     1,385,349     476,627     685,351     1,314,236     1,343,718     1,073,794     2,745,072     7,059,756     432,470  

Gross Operating Margin

  $ 2,743,973   $ 4,388,966   $ 3,006,050   $ 3,680,913   $ 6,287,305   $ 3,840,930   $ 3,826,658   $ 11,196,904   $ 22,519,051   $ 1,920,061  

Interest on Long-term Debt

    1,039,364     1,986,017     1,044,393     1,913,020     3,429,694     1,406,769     2,261,997     3,635,239     10,915,332     720,818  

Other Deductions

    62,780     57,084     12,656     9,981     183,230     55,836     17,718     139,950     16,120      

Net Margins

  $ 1,641,829   $ 2,345,865   $ 1,949,001   $ 1,757,912   $ 2,674,381   $ 2,378,325   $ 1,546,943   $ 7,421,715   $ 11,587,599   $ 1,199,243  

2013

                                                             

Operating Revenue & Patronage Capital

  $ 16,046,420   $ 55,557,012   $ 21,107,646   $ 31,558,892   $ 65,834,939   $ 30,857,893   $ 33,085,679   $ 114,487,707   $ 316,144,012   $ 19,825,614  

Depreciation and Amortization

    1,313,539     4,020,288     1,366,238     1,924,174     4,624,646     1,888,490     2,766,909     5,749,882     15,433,948     870,775  

Other Operating Expenses

    14,707,434     47,722,252     17,847,622     27,940,299     57,085,674     27,100,096     29,015,036     99,458,322     282,944,133     17,386,028  

Electric Operating Margin

  $ 25,447   $ 3,814,472   $ 1,893,786   $ 1,694,419   $ 4,124,619   $ 1,869,307   $ 1,303,734   $ 9,279,503   $ 17,765,931   $ 1,568,811  

Other Income

    391,540     1,192,873     324,706     734,334     1,367,349     1,310,879     1,114,984     2,489,679     6,739,744     347,831  

Gross Operating Margin

  $ 416,987   $ 5,007,345   $ 2,218,492   $ 2,428,753   $ 5,491,968   $ 3,180,186   $ 2,418,718   $ 11,769,182   $ 24,505,675   $ 1,916,642  

Interest on Long-term Debt

    962,750     2,037,707     1,083,351     1,814,671     3,532,976     1,456,345     2,326,363     3,802,798     10,139,456     725,067  

Other Deductions

    94,919     175,628     11,966     128,248     158,523     9,020     22,493     70,650     33,401      

Net Margins

  $ (640,682 ) $ 2,794,010   $ 1,123,175   $ 485,834   $ 1,800,469   $ 1,714,821   $ 69,862   $ 7,895,734   $ 14,332,818   $ 1,191,575  

Table 5 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2015

                                                             

Operating Revenue & Patronage Capital

  $ 37,161,720   $ 196,738,181   $ 40,985,059   $ 281,433,449   $ 67,023,662   $ 74,714,915   $ 25,125,082   $ 522,469,251   $ 72,728,318   $ 24,587,550  

Depreciation and Amortization

    2,672,578     12,311,567     3,050,106     15,432,392     5,554,472     4,880,898     2,715,656     31,021,193     4,741,433     1,545,452  

Other Operating Expenses

    32,507,941     173,920,578     36,605,270     234,840,699     56,148,779     64,451,692     19,895,636     460,166,925     62,735,258     20,129,545  

Electric Operating Margin

  $ 1,981,201   $ 10,506,036   $ 1,329,683   $ 31,160,358   $ 5,320,411   $ 5,382,325   $ 2,513,790   $ 31,281,133   $ 5,251,627   $ 2,912,553  

Other Income

    1,290,076     2,680,519     1,863,620     4,789,814     1,115,940     3,056,144     630,377     19,005,216     2,362,515     633,933  

Gross Operating Margin

  $ 3,271,277   $ 13,186,555   $ 3,193,303   $ 35,950,172   $ 6,436,351   $ 8,438,469   $ 3,144,167   $ 50,286,349   $ 7,614,142   $ 3,546,486  

Interest on Long-term Debt

    1,380,623     7,597,541     1,052,377     11,110,492     2,864,141     3,250,080     1,987,368     22,354,752     3,231,016     1,182,000  

Other Deductions

        287,635     214,853         33,341     10,961     80,156     293     13,151      

Net Margins

  $ 1,890,654   $ 5,301,379   $ 1,926,073   $ 24,839,680   $ 3,538,869   $ 5,177,428   $ 1,076,643   $ 27,931,304   $ 4,369,975   $ 2,364,486  

2014

                                                             

Operating Revenue & Patronage Capital

  $ 38,893,111   $ 195,991,079   $ 39,347,893   $ 279,367,784   $ 64,080,991   $ 73,756,672   $ 27,904,783   $ 510,735,934   $ 71,827,423   $ 23,916,286  

Depreciation and Amortization

    2,306,743     12,511,775     2,852,517     15,213,655     5,144,862     4,746,875     2,784,623     29,962,072     4,607,648     1,528,241  

Other Operating Expenses

    34,609,054     171,655,312     35,165,880     244,762,075     55,312,102     62,772,433     21,695,835     451,354,943     62,887,394     20,595,659  

Electric Operating Margin

  $ 1,977,314   $ 11,823,992   $ 1,329,496   $ 19,392,054   $ 3,624,027   $ 6,237,364   $ 3,424,325   $ 29,418,919   $ 4,332,381   $ 1,792,386  

Other Income

    1,299,706     2,527,479     1,710,894     4,813,036     1,888,401     2,915,253     703,134     17,055,455     2,210,033     563,544  

Gross Operating Margin

  $ 3,277,020   $ 14,351,471   $ 3,040,390   $ 24,205,090   $ 5,512,428   $ 9,152,617   $ 4,127,459   $ 46,474,374   $ 6,542,414   $ 2,355,930  

Interest on Long-term Debt

    1,424,324     7,983,423     1,131,219     11,254,807     3,094,308     3,372,130     2,042,871     21,288,525     3,169,302     1,197,564  

Other Deductions

        182,156     112,254         219,837     5,398     76,121     7,432     52,741      

Net Margins

  $ 1,852,696   $ 6,185,892   $ 1,796,917   $ 12,950,283   $ 2,198,283   $ 5,775,089   $ 2,008,467   $ 25,178,417   $ 3,320,371   $ 1,158,366  

2013

                                                             

Operating Revenue & Patronage Capital

  $ 35,804,251   $ 180,351,673   $ 37,653,889   $ 267,639,023   $ 61,832,539   $ 68,896,635   $ 23,762,147   $ 467,695,987   $ 68,148,052   $ 22,462,836  

Depreciation and Amortization

    2,264,564     11,678,679     2,715,473     14,675,182     4,707,020     4,656,108     2,769,821     29,009,972     4,437,749     1,498,069  

Other Operating Expenses

    31,723,307     155,219,390     33,409,487     232,366,615     53,693,477     59,792,924     20,701,719     411,657,706     57,778,042     19,208,528  

Electric Operating Margin

  $ 1,816,380   $ 13,453,604   $ 1,528,929   $ 20,597,226   $ 3,432,042   $ 4,447,603   $ 290,607   $ 27,028,309   $ 5,932,261   $ 1,756,239  

Other Income

    1,149,397     2,347,421     1,502,545     3,562,221     1,879,294     2,930,089     700,903     15,042,230     2,452,976     526,511  

Gross Operating Margin

  $ 2,965,777   $ 15,801,025   $ 3,031,474   $ 24,159,447   $ 5,311,336   $ 7,377,692   $ 991,510   $ 42,070,539   $ 8,385,237   $ 2,282,750  

Interest on Long-term Debt

    1,324,303     7,984,598     983,679     11,048,399     3,096,900     3,497,870     2,054,722     21,629,714     3,268,901     1,328,263  

Other Deductions

        4,894,690     257,056         25,452     8,691     68,371     2,011     13,620      

Net Margins

  $ 1,641,474   $ 2,921,737   $ 1,790,739   $ 13,111,048   $ 2,188,984   $ 3,871,131   $ (1,131,583 ) $ 20,438,814   $ 5,102,716   $ 954,487  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2015

                                                             

Operating Revenue & Patronage Capital

  $ 168,278,202   $ 39,829,305   $ 48,339,678   $ 32,713,115   $ 39,427,916   $ 14,716,838   $ 247,211,422   $ 36,272,547         $ 3,928,580,296  

Depreciation and Amortization

    9,249,850     2,462,712     3,155,952     2,000,692     3,564,555     839,040     13,093,007     2,310,449           252,237,111  

Other Operating Expenses

    153,446,149     32,684,271     40,842,726     29,044,157     32,206,503     12,023,366     227,459,845     31,087,946           3,389,830,870  

Electric Operating Margin

  $ 5,582,203   $ 4,682,322   $ 4,341,000   $ 1,668,266   $ 3,656,858   $ 1,854,432   $ 6,658,570   $ 2,874,152         $ 286,512,315  

Other Income

    2,352,471     814,938     1,594,794     1,539,509     1,450,727     564,041     10,710,485     1,073,131           121,864,615  

Gross Operating Margin

  $ 7,934,674   $ 5,497,260   $ 5,935,794   $ 3,207,775   $ 5,107,585   $ 2,418,473   $ 17,369,055   $ 3,947,283         $ 408,376,930  

Interest on Long-term Debt

    4,419,534     1,890,802     2,621,055     1,295,880     3,301,179     649,554     4,717,791     1,362,736           163,795,266  

Other Deductions

    99,275         124,580     71,462     11,839     9,393     185,125     6,455           3,201,835  

Net Margins

  $ 3,415,865   $ 3,606,458   $ 3,190,159   $ 1,840,433   $ 1,794,567   $ 1,759,526   $ 12,466,139   $ 2,578,092         $ 241,379,829  

2014

                                                             

Operating Revenue & Patronage Capital

  $ 173,994,288   $ 42,042,641   $ 48,057,042   $ 34,077,611   $ 45,821,708   $ 15,618,930   $ 250,638,594   $ 36,821,113         $ 3,968,930,251  

Depreciation and Amortization

    8,988,948     2,334,809     2,962,791     1,918,026     3,529,861     832,828     13,023,390     2,186,210           243,055,383  

Other Operating Expenses

    159,262,445     36,400,584     41,596,493     28,495,165     38,023,667     13,273,205     229,975,109     32,476,457           3,486,580,890  

Electric Operating Margin

  $ 5,742,895   $ 3,307,248   $ 3,497,758   $ 3,664,421   $ 4,268,180   $ 1,512,897   $ 7,640,095   $ 2,158,446         $ 239,293,978  

Other Income

    2,203,404     527,586     1,574,205     1,297,583     1,302,330     592,266     9,593,840     914,335           111,679,127  

Gross Operating Margin

  $ 7,946,299   $ 3,834,834   $ 5,071,963   $ 4,962,004   $ 5,570,510   $ 2,105,163   $ 17,233,935   $ 3,072,781         $ 350,973,105  

Interest on Long-term Debt

    4,562,839     1,676,186     2,628,876     1,373,376     3,323,359     630,013     5,136,341     1,430,061           165,051,783  

Other Deductions

    201,720         10,429     76,259     16,591     21,231     200,897     38,342           2,704,185  

Net Margins

  $ 3,181,740   $ 2,158,648   $ 2,432,658   $ 3,512,368   $ 2,230,560   $ 1,453,919   $ 11,896,697   $ 1,604,378         $ 183,217,137  

2013

                                                             

Operating Revenue & Patronage Capital

  $ 162,061,717   $ 38,743,427   $ 43,950,838   $ 29,430,474   $ 41,506,633   $ 14,266,135   $ 244,802,452   $ 34,703,265         $ 3,729,216,962  

Depreciation and Amortization

    8,865,479     2,227,756     2,825,880     1,854,022     3,394,035     819,119     12,983,657     2,109,710           232,821,409  

Other Operating Expenses

    147,867,698     34,016,810     37,881,548     26,082,037     34,382,097     12,412,946     221,271,148     30,278,424           3,263,221,043  

Electric Operating Margin

  $ 5,328,540   $ 2,498,861   $ 3,243,410   $ 1,494,415   $ 3,730,501   $ 1,034,070   $ 10,547,647   $ 2,315,131         $ 233,174,509  

Other Income

    2,331,010     886,961     1,430,344     794,089     1,239,068     594,059     8,373,787     858,611           87,326,119  

Gross Operating Margin

  $ 7,659,550   $ 3,385,822   $ 4,673,754   $ 2,288,504   $ 4,969,569   $ 1,628,129   $ 18,921,434   $ 3,173,742         $ 320,500,628  

Interest on Long-term Debt

    4,849,766     1,691,350     2,512,028     1,363,409     3,152,075     658,051     5,377,256     1,459,032           163,066,450  

Other Deductions

    305,733         27,769     58,219     47,829     15,353     211,990     953           7,675,633  

Net Margins

  $ 2,504,051   $ 1,694,472   $ 2,133,957   $ 866,876   $ 1,769,665   $ 954,725   $ 13,332,188   $ 1,713,757         $ 149,758,545  


FINANCIAL AND STATISTICAL INFORMATION FOR THE
38 MEMBERS OF OGLETHORPE POWER CORPORATION

Table 6
CONDENSED BALANCE SHEET INFORMATION OF EACH MEMBER
(as of December 31)

 
  Altamaha   Amicalola   Canoochee   Carroll   Central
Georgia
  Coastal   Cobb   Colquitt   Coweta-
Fayette
  Diverse  

2015

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 108,211,182   $ 195,871,801   $ 139,328,429   $ 254,248,386   $ 212,046,814   $ 97,832,351   $ 868,452,791   $ 260,437,995   $ 322,509,592   $ 206,869,660  

Depreciation

    32,036,794     71,287,679     38,799,071     74,388,923     54,476,052     20,076,606     275,656,606     69,209,749     104,901,181     69,127,413  

Net Plant

    76,174,388     124,584,122     100,529,358     179,859,463     157,570,762     77,755,745     592,796,185     191,228,246     217,608,411     137,742,247  

Other Assets

    33,353,331     24,254,388     24,430,074     52,556,240     52,506,300     20,727,081     286,097,998     61,419,915     86,265,257     26,397,794  

Total Assets

  $ 109,527,719   $ 148,838,510   $ 124,959,432   $ 232,415,703   $ 210,077,062   $ 98,482,826   $ 878,894,183   $ 252,648,161   $ 303,873,668   $ 164,140,041  

EQUITY & LIABILITIES

                                                             

Equity

  $ 68,439,945   $ 70,672,685   $ 56,814,917   $ 102,371,332   $ 79,768,764   $ 31,647,564   $ 296,019,709   $ 108,629,383   $ 131,278,844   $ 62,283,273  

Long-term Debt

    30,407,767     45,826,066     46,373,076     102,698,833     103,193,564     56,182,081     406,883,601     102,739,407     146,404,819     82,307,066  

Other Liabilities

    10,680,007     32,339,759     21,771,439     27,345,538     27,114,734     10,653,181     175,990,873     41,279,371     26,190,005     19,549,702  

Total Equity and Liabilities

  $ 109,527,719   $ 148,838,510   $ 124,959,432   $ 232,415,703   $ 210,077,062   $ 98,482,826   $ 878,894,183   $ 252,648,161   $ 303,873,668   $ 164,140,041  

2014

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 103,702,328   $ 191,419,986   $ 132,340,029   $ 244,397,261   $ 208,721,343   $ 91,022,394   $ 843,919,715   $ 253,677,771   $ 312,936,348   $ 194,167,829  

Depreciation

    30,954,887     67,483,774     37,476,955     71,965,848     52,644,082     18,357,438     254,568,792     68,121,391     98,618,901     65,459,430  

Net Plant

    72,747,441     123,936,212     94,863,074     172,431,413     156,077,261     72,664,956     589,350,924     185,556,380     214,317,447     128,708,399  

Other Assets

    36,895,799     25,153,763     24,343,139     55,683,076     52,270,618     19,181,564     286,749,924     54,110,907     86,585,569     26,723,408  

Total Assets

  $ 109,643,240   $ 149,089,975   $ 119,206,213   $ 228,114,489   $ 208,347,879   $ 91,846,520   $ 876,100,847   $ 239,667,287   $ 300,903,016   $ 155,431,807  

EQUITY & LIABILITIES

                                                             

Equity

  $ 66,992,352   $ 69,421,254   $ 54,942,651   $ 84,459,686   $ 76,993,830   $ 29,022,386   $ 378,571,057   $ 104,427,269   $ 122,649,928   $ 57,861,309  

Long-term Debt

    34,502,373     44,742,781     45,639,555     108,424,172     112,608,767     51,879,842     424,452,744     98,327,380     150,700,430     78,143,509  

Other Liabilities

    8,148,515     34,925,940     18,624,007     35,230,631     18,745,282     10,944,292     73,077,046     36,912,638     27,552,658     19,426,989  

Total Equity and Liabilities

  $ 109,643,240   $ 149,089,975   $ 119,206,213   $ 228,114,489   $ 208,347,879   $ 91,846,520   $ 876,100,847   $ 239,667,287   $ 300,903,016   $ 155,431,807  

2013

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 98,931,967   $ 188,143,252   $ 127,661,371   $ 233,381,027   $ 200,478,589   $ 87,457,551   $ 814,308,356   $ 236,738,439   $ 304,122,401   $ 184,889,850  

Depreciation

    29,978,721     63,203,982     35,879,871     66,590,386     48,886,572     17,641,042     227,698,981     66,629,919     91,990,201     62,929,271  

Net Plant

    68,953,246     124,939,270     91,781,500     166,790,641     151,592,017     69,816,509     586,609,376     170,108,520     212,132,200     121,960,579  

Other Assets

    32,647,077     25,456,061     24,092,358     54,379,719     53,833,690     19,955,924     330,395,656     58,398,480     84,087,973     24,097,469  

Total Assets

  $ 101,600,323   $ 150,395,331   $ 115,873,858   $ 221,170,360   $ 205,425,707   $ 89,772,433   $ 917,005,031   $ 228,507,000   $ 296,220,173   $ 146,058,048  

EQUITY & LIABILITIES

                                                             

Equity

  $ 65,693,794   $ 68,421,455   $ 51,444,387   $ 84,669,415   $ 72,585,475   $ 27,941,519   $ 390,588,067   $ 88,739,880   $ 115,537,268   $ 56,691,824  

Long-term Debt

    28,615,928     47,114,563     48,120,618     104,179,818     114,050,466     50,602,949     431,490,477     95,353,093     152,835,087     74,393,814  

Other Liabilities

    7,290,601     34,859,313     16,308,853     32,321,127     18,789,766     11,227,965     94,926,487     44,414,027     27,847,818     14,972,410  

Total Equity and Liabilities

  $ 101,600,323   $ 150,395,331   $ 115,873,858   $ 221,170,360   $ 205,425,707   $ 89,772,433   $ 917,005,031   $ 228,507,000   $ 296,220,173   $ 146,058,048  

 

 

Middle
Georgia

 

Mitchell

 

Ocmulgee

 

Oconee

 

Okefenoke

 

Planters

 

Rayle

 

Satilla

 

Sawnee

 

Slash
Pine

 

2015

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 48,365,652   $ 149,361,471   $ 56,956,649   $ 71,743,477   $ 169,875,505   $ 71,254,368   $ 99,191,640   $ 197,200,111   $ 557,274,337   $ 36,949,872  

Depreciation

    9,654,052     30,849,790     17,571,020     19,559,688     54,513,007     21,096,833     35,680,101     44,447,864     125,995,744     9,885,712  

Net Plant

    38,711,600     118,511,681     39,385,629     52,183,789     115,362,498     50,157,535     63,511,539     152,752,247     431,278,593     27,064,160  

Other Assets

    8,456,395     29,942,618     11,142,207     20,560,915     32,206,264     21,068,964     18,677,479     65,530,930     164,242,937     10,037,369  

Total Assets

  $ 47,167,995   $ 148,454,299   $ 50,527,836   $ 72,744,704   $ 147,568,762   $ 71,226,499   $ 82,189,018   $ 218,283,177   $ 595,521,530   $ 37,101,529  

EQUITY & LIABILITIES

                                                             

Equity

  $ 19,116,234   $ 74,862,408   $ 26,705,719   $ 26,760,710   $ 54,042,637   $ 36,406,639   $ 24,065,509   $ 92,847,849   $ 217,328,233   $ 15,189,806  

Long-term Debt

    23,738,548     51,610,396     15,813,166     37,090,232     78,781,607     26,199,558     47,788,289     79,406,416     200,431,435     14,598,827  

Other Liabilities

    4,313,213     21,981,495     8,008,951     8,893,762     14,744,518     8,620,302     10,335,220     46,028,912     177,761,862     7,312,896  

Total Equity and Liabilities

  $ 47,167,995   $ 148,454,299   $ 50,527,836   $ 72,744,704   $ 147,568,762   $ 71,226,499   $ 82,189,018   $ 218,283,177   $ 595,521,530   $ 37,101,529  

2014

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 46,243,283   $ 149,097,282   $ 55,065,860   $ 71,172,041   $ 165,697,101   $ 69,054,523   $ 96,571,352   $ 189,465,711   $ 528,800,766   $ 35,038,617  

Depreciation

    8,655,362     33,685,800     16,545,901     18,357,361     51,192,109     20,760,254     33,713,705     40,780,506     119,028,994     9,334,015  

Net Plant

    37,587,921     115,411,482     38,519,959     52,814,680     114,504,992     48,294,269     62,857,647     148,685,205     409,771,772     25,704,602  

Other Assets

    8,216,651     29,779,138     10,999,201     19,767,938     35,439,822     21,381,056     18,128,755     55,091,341     152,539,098     10,931,736  

Total Assets

  $ 45,804,572   $ 145,190,620   $ 49,519,160   $ 72,582,618   $ 149,944,814   $ 69,675,325   $ 80,986,402   $ 203,776,546   $ 562,310,870   $ 36,636,338  

EQUITY & LIABILITIES

                                                             

Equity

  $ 17,769,105   $ 73,728,365   $ 23,780,520   $ 24,579,941   $ 52,479,923   $ 34,527,891   $ 20,688,251   $ 87,154,089   $ 214,635,760   $ 14,668,822  

Long-term Debt

    23,995,262     45,715,118     17,774,768     38,836,756     73,745,142     24,996,892     48,175,502     72,991,885     208,358,080     15,266,775  

Other Liabilities

    4,040,205     25,747,137     7,963,872     9,165,921     23,719,749     10,150,542     12,122,649     43,630,572     139,317,030     6,700,741  

Total Equity and Liabilities

  $ 45,804,572   $ 145,190,620   $ 49,519,160   $ 72,582,618   $ 149,944,814   $ 69,675,325   $ 80,986,402   $ 203,776,546   $ 562,310,870   $ 36,636,338  

2013

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 44,269,456   $ 144,453,845   $ 53,477,901   $ 69,558,114   $ 162,993,478   $ 65,844,536   $ 93,179,626   $ 183,098,754   $ 509,526,066   $ 33,203,084  

Depreciation

    7,602,252     31,701,289     15,379,184     16,615,787     48,627,060     20,094,940     31,949,246     37,637,720     112,444,652     8,683,636  

Net Plant

    36,667,204     112,752,556     38,098,717     52,942,327     114,366,418     45,749,596     61,230,380     145,461,034     397,081,414     24,519,448  

Other Assets

    10,171,710     29,988,668     10,818,154     18,503,378     29,722,858     17,727,530     16,804,909     48,868,341     128,792,277     12,268,557  

Total Assets

  $ 46,838,914   $ 142,741,224   $ 48,916,871   $ 71,445,705   $ 144,089,276   $ 63,477,126   $ 78,035,289   $ 194,329,375   $ 525,873,691   $ 36,788,005  

EQUITY & LIABILITIES

                                                             

Equity

  $ 16,136,683   $ 73,089,515   $ 22,012,266   $ 23,004,912   $ 50,919,037   $ 32,742,305   $ 19,660,302   $ 85,323,819   $ 214,186,818   $ 14,472,611  

Long-term Debt

    24,856,225     48,193,737     19,161,354     34,866,991     76,499,241     23,466,351     45,816,173     73,047,036     187,459,880     15,126,416  

Other Liabilities

    5,846,006     21,457,972     7,743,251     13,573,802     16,670,998     7,268,470     12,558,814     35,958,520     124,226,993     7,188,978  

Total Equity and Liabilities

  $ 46,838,914   $ 142,741,224   $ 48,916,871   $ 71,445,705   $ 144,089,276   $ 63,477,126   $ 78,035,289   $ 194,329,375   $ 525,873,691   $ 36,788,005  

Footnote:

(1)
Including construction work in progress.

Table 6 (continued)

 
  Excelsior   Flint   Grady   GreyStone   Habersham   Hart   Irwin   Jackson   Jefferson   Little
Ocmulgee
 

2015

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 76,839,975   $ 402,765,279   $ 101,072,731   $ 474,062,237   $ 147,554,615   $ 169,046,039   $ 87,766,947   $ 954,175,421   $ 161,746,599   $ 60,021,714  

Depreciation

    19,534,214     121,216,858     23,762,138     116,131,236     66,199,099     55,448,144     27,736,860     283,846,331     43,767,798     14,071,472  

Net Plant

    57,305,761     281,548,421     77,310,593     357,931,001     81,355,516     113,597,895     60,030,087     670,329,090     117,978,801     45,950,242  

Other Assets

    27,331,782     46,167,138     26,831,137     136,606,460     39,251,188     66,396,284     13,021,749     286,301,788     46,701,934     9,129,373  

Total Assets

  $ 84,637,543   $ 327,715,559   $ 104,141,730   $ 494,537,461   $ 120,606,704   $ 179,994,179   $ 73,051,836   $ 956,630,878   $ 164,680,735   $ 55,079,615  

EQUITY & LIABILITIES

                                                             

Equity

  $ 49,546,182   $ 121,451,109   $ 46,718,290   $ 229,073,302   $ 46,401,281   $ 73,668,225   $ 23,626,885   $ 386,013,187   $ 69,164,700   $ 19,941,307  

Long-term Debt

    24,938,950     150,261,390     36,445,911     210,381,135     57,127,393     77,127,290     42,880,694     437,827,873     68,079,214     28,296,864  

Other Liabilities

    10,152,411     56,003,060     20,977,529     55,083,024     17,078,030     29,198,664     6,544,257     132,789,818     27,436,821     6,841,444  

Total Equity and Liabilities

  $ 84,637,543   $ 327,715,559   $ 104,141,730   $ 494,537,461   $ 120,606,704   $ 179,994,179   $ 73,051,836   $ 956,630,878   $ 164,680,735   $ 55,079,615  

2014

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 77,541,273   $ 378,110,540   $ 97,409,739   $ 455,059,562   $ 144,670,028   $ 164,643,500   $ 85,013,762   $ 918,813,985   $ 154,642,510   $ 58,037,474  

Depreciation

    20,612,448     111,429,282     22,742,170     104,666,337     61,225,591     52,089,446     26,312,218     271,425,477     41,805,845     13,038,941  

Net Plant

    56,928,825     266,681,258     74,667,569     350,393,225     83,444,437     112,554,054     58,701,544     647,388,508     112,836,665     44,998,533  

Other Assets

    26,125,157     62,400,143     24,797,610     138,665,444     40,951,216     61,432,184     13,162,082     247,006,868     40,846,034     9,892,912  

Total Assets

  $ 83,053,982   $ 329,081,401   $ 99,465,179   $ 489,058,669   $ 124,395,653   $ 173,986,238   $ 71,863,626   $ 894,395,376   $ 153,682,699   $ 54,891,445  

EQUITY & LIABILITIES

                                                             

Equity

  $ 47,648,336   $ 119,162,754   $ 44,971,335   $ 209,412,721   $ 44,569,792   $ 73,595,225   $ 22,748,603   $ 364,489,846   $ 66,833,591   $ 18,176,888  

Long-term Debt

    25,648,032     145,671,654     38,263,196     227,883,090     62,747,454     72,975,099     44,053,244     408,081,586     58,243,132     28,340,602  

Other Liabilities

    9,757,614     64,246,993     16,230,648     51,762,858     17,078,407     27,415,914     5,061,779     121,823,944     28,605,976     8,373,955  

Total Equity and Liabilities

  $ 83,053,982   $ 329,081,401   $ 99,465,179   $ 489,058,669   $ 124,395,653   $ 173,986,238   $ 71,863,626   $ 894,395,376   $ 153,682,699   $ 54,891,445  

2013

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 75,334,003   $ 365,022,728   $ 94,021,794   $ 444,050,297   $ 142,262,634   $ 160,747,740   $ 81,971,677   $ 879,191,715   $ 149,245,937   $ 56,313,397  

Depreciation

    19,480,087     105,922,473     21,371,807     100,606,905     57,048,759     49,079,986     24,754,555     253,561,461     39,432,689     12,338,632  

Net Plant

    55,853,916     259,100,255     72,649,987     343,443,392     85,213,875     111,667,754     57,217,122     625,630,254     109,813,248     43,974,765  

Other Assets

    22,416,731     89,432,408     23,465,704     138,307,780     40,223,345     48,307,934     12,796,886     246,883,921     46,193,011     9,069,493  

Total Assets

  $ 78,270,647   $ 348,532,663   $ 96,115,691   $ 481,751,172   $ 125,437,220   $ 159,975,688   $ 70,014,008   $ 872,514,175   $ 156,006,259   $ 53,044,258  

EQUITY & LIABILITIES

                                                             

Equity

  $ 45,787,203   $ 115,787,053   $ 43,472,741   $ 201,296,708   $ 40,017,856   $ 67,971,665   $ 20,970,941   $ 345,426,456   $ 65,643,304   $ 17,541,985  

Long-term Debt

    23,763,045     173,013,397     32,281,855     227,022,869     64,796,917     66,023,607     44,302,545     410,337,289     62,877,309     26,830,227  

Other Liabilities

    8,720,399     59,732,213     20,361,095     53,431,595     20,622,447     25,980,416     4,740,522     116,750,430     27,485,646     8,672,046  

Total Equity and Liabilities

  $ 78,270,647   $ 348,532,663   $ 96,115,691   $ 481,751,172   $ 125,437,220   $ 159,975,688   $ 70,014,008   $ 872,514,175   $ 156,006,259   $ 53,044,258  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
  Snapping
Shoals
  Southern
Rivers
  Sumter   Three
Notch
  Tri-
County
  Upson   Walton   Washington    
  MEMBER
TOTAL
 

2015

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 269,985,323   $ 79,291,427   $ 116,390,519   $ 72,440,786   $ 115,297,161   $ 27,584,294   $ 407,130,448   $ 81,829,451         $ 7,928,983,049  

Depreciation

    100,266,601     23,312,471     27,968,604     21,517,454     24,120,767     10,340,326     143,124,877     27,428,006           2,329,007,141  

Net Plant

    169,718,722     55,978,956     88,421,915     50,923,332     91,176,394     17,243,968     264,005,571     54,401,445           5,599,975,908  

Other Assets

    77,225,605     25,946,543     27,386,843     21,318,733     17,274,460     19,757,775     178,348,766     23,152,549           2,138,024,563  

Total Assets

  $ 246,944,327   $ 81,925,499   $ 115,808,758   $ 72,242,065   $ 108,450,854   $ 37,001,743   $ 442,354,337   $ 77,553,994         $ 7,738,000,471  

EQUITY & LIABILITIES

                                                             

Equity

  $ 91,492,858   $ 27,703,663   $ 56,417,310   $ 30,074,061   $ 40,182,197   $ 18,679,445   $ 195,660,271   $ 40,816,301         $ 3,161,882,734  

Long-term Debt

    74,671,996     39,332,511     49,413,550     35,341,572     60,198,526     13,425,366     109,918,438     30,818,553           3,244,961,980  

Other Liabilities

    80,779,473     14,889,325     9,977,898     6,826,432     8,070,131     4,896,932     136,775,628     5,919,140           1,331,155,757  

Total Equity and Liabilities

  $ 246,944,327   $ 81,925,499   $ 115,808,758   $ 72,242,065   $ 108,450,854   $ 37,001,743   $ 442,354,337   $ 77,553,994         $ 7,738,000,471  

2014

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 263,740,894   $ 76,305,285   $ 110,543,526   $ 68,036,779   $ 112,491,167   $ 27,467,785   $ 396,063,905   $ 79,955,467         $ 7,651,058,721  

Depreciation

    93,823,152     22,375,890     26,343,740     20,029,231     22,675,101     9,738,278     134,798,386     27,080,405           2,199,917,443  

Net Plant

    169,917,742     53,929,395     84,199,786     48,007,548     89,816,066     17,729,507     261,265,519     52,875,062           5,451,141,278  

Other Assets

    66,099,345     18,642,953     28,448,172     20,084,015     19,220,023     16,510,526     203,757,828     22,668,387           2,090,683,401  

Total Assets

  $ 236,017,087   $ 72,572,348   $ 112,647,958   $ 68,091,562   $ 109,036,089   $ 34,240,033   $ 465,023,347   $ 75,543,449         $ 7,541,824,679  

EQUITY & LIABILITIES

                                                             

Equity

  $ 91,467,795   $ 25,598,424   $ 53,459,512   $ 28,637,695   $ 38,912,446   $ 17,474,048   $ 204,832,775   $ 39,190,917         $ 3,120,537,092  

Long-term Debt

    80,162,498     33,639,834     48,542,607     35,072,798     61,057,965     12,033,940     120,940,166     29,780,149           3,252,414,779  

Other Liabilities

    64,386,794     13,334,090     10,645,839     4,381,069     9,065,678     4,732,045     139,250,406     6,572,383           1,168,872,808  

Total Equity and Liabilities

  $ 236,017,087   $ 72,572,348   $ 112,647,958   $ 68,091,562   $ 109,036,089   $ 34,240,033   $ 465,023,347   $ 75,543,449         $ 7,541,824,679  

2013

                                                             

ASSETS

                                                             

Total Utility Plant (1)

  $ 257,769,338   $ 73,035,490   $ 105,903,137   $ 64,902,416   $ 109,520,507   $ 26,994,902   $ 394,986,696   $ 77,521,392         $ 7,394,513,463  

Depreciation

    87,233,634     20,748,888     24,578,452     19,327,653     21,418,721     9,130,511     135,936,567     26,264,110           2,070,400,602  

Net Plant

    170,535,704     52,286,602     81,324,685     45,574,763     88,101,786     17,864,391     259,050,129     51,257,282           5,324,112,862  

Other Assets

    53,505,705     18,111,364     27,925,740     20,832,944     19,687,322     14,093,681     187,080,191     22,553,825           2,071,898,774  

Total Assets

  $ 224,041,409   $ 70,397,966   $ 109,250,425   $ 66,407,707   $ 107,789,108   $ 31,958,072   $ 446,130,320   $ 73,811,107         $ 7,396,011,635  

EQUITY & LIABILITIES

                                                             

Equity

  $ 91,606,042   $ 23,526,900   $ 51,121,270   $ 25,537,458   $ 37,052,456   $ 16,263,622   $ 196,475,904   $ 38,340,990         $ 3,017,701,906  

Long-term Debt

    78,430,927     34,981,923     47,510,527     34,109,010     63,822,510     11,170,501     142,467,865     28,660,891           3,267,653,431  

Other Liabilities

    54,004,440     11,889,143     10,618,628     6,761,239     6,914,142     4,523,949     107,186,551     6,809,226           1,110,656,298  

Total Equity and Liabilities

  $ 224,041,409   $ 70,397,966   $ 109,250,425   $ 66,407,707   $ 107,789,108   $ 31,958,072   $ 446,130,320   $ 73,811,107         $ 7,396,011,635  

Footnote:

(1)
Including construction work in progress.



QuickLinks

FINANCIAL AND STATISTICAL INFORMATION FOR 38 MEMBERS OF OGLETHORPE POWER CORPORATION
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 1 SELECTED STATISTICS OF EACH MEMBER (as of December 31)
Table 1 (continued)
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 4 ANNUAL REVENUES BY CONSUMER CLASS OF EACH MEMBER
FINANCIAL AND STATISTICAL INFORMATION FOR THE 38 MEMBERS OF OGLETHORPE POWER CORPORATION
Table 6 CONDENSED BALANCE SHEET INFORMATION OF EACH MEMBER (as of December 31)