We are a Georgia electric membership corporation (an EMC) incorporated in 1974 and headquartered in metropolitan Atlanta. We are owned by our 38 retail electric distribution cooperative members. Our principal business is providing wholesale electric power to our members. As with cooperatives generally, we operate on a not-for-profit basis. We are one of the largest electric cooperatives in the United States in terms of revenues, assets, kilowatt-hour sales to members and, through our members, consumers served. We are also the second largest power supplier in the state of Georgia. We have 299 employees. Our members are local consumer-owned distribution cooperatives that provide retail electric service on a not-for-profit basis. In general, our members' customer base consists of residential, commercial and industrial consumers within specific geographic areas. Our members serve approximately 1.9 million electric consumers (meters) representing approximately 4.2 million people. See "OUR MEMBERS AND THEIR POWER SUPPLY RESOURCES."
![Oglethorpe Power logo](https://files.capedge.com/10-K/0001628280-23-009308/opc-20221231_g1.jpg)
Company profile
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
30 May 24
8-K
Regulation FD Disclosure
15 May 24
10-Q
2024 Q1
Quarterly report
13 May 24
8-K
Regulation FD Disclosure
29 Apr 24
EFFECT
Notice of effectiveness
11 Apr 24
424B3
Prospectus supplement
10 Apr 24
8-K
Regulation FD Disclosure
10 Apr 24
10-K
2023 FY
Annual report
25 Mar 24
8-K
Other Events
1 Feb 24
Latest ownership filings
No filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 327.47 mm | 327.47 mm | 327.47 mm | 327.47 mm | 327.47 mm | 327.47 mm |
Cash burn (monthly) | 54.37 mm | 6.61 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 141.34 mm | 17.19 mm | n/a | n/a | n/a | n/a |
Cash remaining | 186.13 mm | 310.28 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3.4 | 46.9 | n/a | n/a | n/a | n/a |