{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-001272","form_type":"8-K","ticker":null,"cik":"0000788816","company_name":"OGLETHORPE POWER CORP","filed_at":"2025-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.351383+00:00","generated_at":"2026-05-28T04:11:51.065265+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Oglethorpe Power updates Smarr cost to $1.8-2.3B, secures $2.1B gas deal, gets $331M RUS grant","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-001272","json":"https://secwatch.observer/filing/0001628280-25-001272.json","markdown":"https://secwatch.observer/filing/0001628280-25-001272.md","text":"https://secwatch.observer/filing/0001628280-25-001272.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788816/000162828025001272/0001628280-25-001272-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788816/000162828025001272/opc-20250107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T04:11:51.065265+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"38f3c092ba","claim":"David W. Sorrick was terminated as Executive Vice President and Chief Operating Officer at OGLETHORPE POWER CORP.","evidence_excerpt":"On January 7, 2025, we and David W. Sorrick, our Executive Vice President and Chief Operating Officer, mutually agreed to terminate his employment.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/788816/000162828025001272/0001628280-25-001272-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"3f501163da","claim":"Wm. Ronald Duffey departed as Director at OGLETHORPE POWER CORP.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/788816/000162828025001272/0001628280-25-001272-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}