Oglethorpe Power updates Smarr cost to $1.8-2.3B, secures $2.1B gas deal, gets $331M RUS grant

OGLETHORPE POWER CORP

Smarr combined cycle (1,425 MW) cost estimate revised to $1.8–$2.3B; commercial operation still targeted for 2029.
SONAT gas pipeline agreements with 20-year fixed charges of ~$2.1B; Tennessee Gas Pipeline deal for $900M–$1B; both projected in service Nov 2028.
RUS New ERA award of $331M to refinance retired Hal B. Wansley coal plant debt, reducing member interest expense.
GRIP grant $250M; Oglethorpe expects $81M for 75 MW battery storage; total project cost $200–$250M.
Plant Scherer litigation dismissed with prejudice; court entered summary judgment for Georgia Power on Nov 22, 2024.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David W. Sorrick

Executive Vice President and Chief Operating Officer

OGLETHORPE POWER CORP

Effective: 2025-01-07
Filed: January 13, 2025, 6:59 PM ET

On January 7, 2025, we and David W. Sorrick, our Executive Vice President and Chief Operating Officer, mutually agreed to terminate his employment.

Departed

Wm. Ronald Duffey

Director

OGLETHORPE POWER CORP

Effective: 2025-03-31
Filed: January 13, 2025, 6:59 PM ET

On January 7, 2025, Mr. Wm. Ronald Duffey notified us that he will be retiring from our board of directors at our annual member meeting on March 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David W. Sorrick was terminated as Executive Vice President and Chief Operating Officer at OGLETHORPE POWER CORP.

Action: terminated
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On January 7, 2025, we and David W. Sorrick, our Executive Vice President and Chief Operating Officer, mutually agreed to terminate his employment.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Wm. Ronald Duffey departed as Director at OGLETHORPE POWER CORP.

Action: retiring
Role: Director

Exact text from the filing

On January 7, 2025, Mr. Wm. Ronald Duffey notified us that he will be retiring from our board of directors at our annual member meeting on March 31, 2025.

View on SEC.gov

Source: SEC EDGAR

accession 0001628280-25-001272

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