---
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"
generated_at: "2026-05-28T04:11:51.065265+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-001272
- form_type: 8-K
- cik: 0000788816
- company_name: OGLETHORPE POWER CORP
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-001272
- JSON: https://secwatch.observer/filing/0001628280-25-001272.json
- Plain text: https://secwatch.observer/filing/0001628280-25-001272.txt

## Key facts
- Executive change
  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
  source text: On January 7, 2025, we and David W. Sorrick, our Executive Vice President and Chief Operating Officer, mutually agreed to terminate his employment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788816/000162828025001272/0001628280-25-001272-index.htm
- Executive change
  Wm. Ronald Duffey departed as Director at OGLETHORPE POWER CORP.
  - Action: retiring
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/788816/000162828025001272/0001628280-25-001272-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.