Oglethorpe Power 10-Q 2005 Q2 Quarterly report

EXHIBIT 99.1

OGLETHORPE POWER CORPORATION
MEMBER FINANCIAL AND STATISTICAL INFORMATION

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

													Central											Coweta-			Diverse
	Altamaha			Amicalola			Canoochee			Carroll			Georgia			Coastal			Cobb		Colquitt			Fayette			Power
2004
Avg. Monthly Residential Rev.($)		95.96			97.19			100.78			94.25			100.36			110.51		99.65			100.59			105.71			105.34
Avg. Monthly Residential kWh		1,172			1,126			1,279			1,101			1,273			1,345		1,168			1,270			1,230			1,388
Avg. Residential Rev. (centsper kWh)		8.19			8.63			7.88			8.56			7.88			8.22		8.53			7.92			8.59			7.59
Times Interest Earned Ratio(1)		2.49			2.95			2.00			2.46			2.81			1.33		2.92			2.20			1.77			2.65
Equity/Assets		60.8	%		38.3	%		47.4	%		37.8	%		40.1	%		31.7	%	36.0	%		44.7	%		27.1	%		56.0	%
Equity/Total Capitalization		65.7	%		45.1	%		55.5	%		44.9	%		43.6	%		34.7	%	46.8	%		55.4	%		35.1	%		61.1	%
Debt Service Coverage Ratio(1)		2.44			2.23			2.05			2.44			2.61			1.52		2.35			2.25			1.84			3.05
2003
Avg. Monthly Residential Rev.($)		91.99			92.94			94.78			90.35			96.96			105.36		97.54			97.33			101.72			100.85
Avg. Monthly Residential kWh		1,125			1,081			1,193			1,050			1,221			1,301		1,122			1,234			1,185			1,313
Avg. Residential Rev. (centsper kWh)		8.18			8.60			7.95			8.60			7.94			8.10		8.69			7.89			8.58			7.68
Times Interest Earned Ratio(1)		3.43			4.18			1.58			2.91			2.78			1.72		2.69			1.73			1.87			2.32
Equity/Assets		59.2	%		39.7	%		49.6	%		36.0	%		39.5	%		35.4	%	34.7	%		45.3	%		28.8	%		56.7	%
Equity/Total Capitalization		64.3	%		45.6	%		58.2	%		41.9	%		44.0	%		39.0	%	44.2	%		54.0	%		35.9	%		62.1	%
Debt Service Coverage Ratio(1)		2.77			3.21			1.73			2.88			2.63			1.76		2.25			1.97			2.03			2.96
2002
Avg. Monthly Residential Rev.($)		92.75			91.84			88.18			91.24			97.43			102.14		100.53			97.61			105.79			103.83
Avg. Monthly Residential kWh		1,143			1,075			1,126			1,053			1,219			1,271		1,177			1,266			1,226			1,344
Avg. Residential Rev (centsper kWh)		8.11			8.55			7.83			8.66			7.99			8.04		8.54			7.71			8.63			7.72
Times Interest Earned Ratio(1)		3.43			3.26			2.12			2.60			3.41			1.88		2.61			2.09			1.95			2.13
Equity/Assets		62.3	%		35.1	%		49.4	%		35.5	%		39.0	%		34.1	%	33.5	%		46.5	%		29.5	%		57.9	%
Equity/Total Capitalization		66.2	%		40.4	%		56.1	%		41.3	%		46.1	%		36.9	%	40.8	%		53.1	%		37.3	%		63.1	%
Debt Service Coverage Ratio(1)		3.31			2.77			1.21			2.67			3.13			1.86		2.14			2.26			2.06			2.77

	Little			Middle												Okefe-
	Ocmulgee			Georgia			Mitchell			Ocmulgee			Oconee			noke			Pataula			Planters			Rayle			Satilla
2004
Avg. Monthly Residential Rev.($)		94.05			105.99			106.77			94.40			101.80			108.77			69.30			98.41			95.07			107.63
Avg. Monthly Residential kWh		1,066			1,333			1,336			1,058			1,152			1,319			836			1,324			1,051			1,291
Avg. Residential Rev. (centsper kWh)		8.82			7.95			7.99			8.93			8.84			8.25			8.29			7.43			9.04			8.33
Times Interest Earned Ratio(1)		1.31			1.07			2.94			2.01			1.55			1.30			1.93			2.15			1.40			2.22
Equity/Assets		35.4	%		42.3	%		60.9	%		42.4	%		34.9	%		37.0	%		52.5	%		47.4	%		34.6	%		40.3	%
Equity/Total Capitalization		41.1	%		49.2	%		69.8	%		47.0	%		40.2	%		43.0	%		55.8	%		54.0	%		38.4	%		53.6	%
Debt Service Coverage Ratio(1)		1.45			1.28			2.79			1.92			1.63			1.49			2.04			2.37			1.77			2.32
2003
Avg. Monthly Residential Rev.($)		88.91			104.03			102.58			89.25			93.50			106.14			66.02			91.40			86.32			101.00
Avg. Monthly Residential kWh		1,029			1,329			1,291			1,010			1,100			1,295			791			1,229			1,002			1,243
Avg. Residential Rev. (centsper kWh)		8.64			7.82			7.95			8.84			8.50			8.20			8.34			7.43			8.62			8.13
Times Interest Earned Ratio(1)		1.63			1.02			2.64			1.42			1.16			1.35			1.34			1.43			1.09			2.35
Equity/Assets		37.4	%		43.5	%		63.7	%		42.1	%		35.4	%		37.5	%		53.4	%		49.1	%		35.1	%		42.9	%
Equity/Total Capitalization		43.0	%		49.8	%		74.9	%		46.4	%		42.2	%		42.5	%		57.0	%		57.0	%		38.3	%		59.9	%
Debt Service Coverage Ratio(1)		1.63			1.42			2.69			1.53			1.41			1.52			1.72			2.03			1.62			2.45
2002
Avg. Monthly Residential Rev.($)		91.33			98.44			105.72			89.70			96.07			107.16			69.23			94.50			85.80			100.64
Avg. Monthly Residential kWh		1,056			1,336			1,342			1,026			1,121			1,309			839			1,278			1,016			1,265
Avg. Residential Rev. (centsper kWh)		8.65			7.37			7.88			8.74			8.57			8.18			8.25			7.39			8.44			7.96
Times Interest Earned Ratio(1)		1.91			1.50			5.83			2.41			1.31			1.35			2.06			2.90			1.88			2.99
Equity/Assets		35.7	%		44.8	%		63.8	%		42.8	%		36.6	%		38.1	%		52.5	%		51.1	%		39.1	%		45.9	%
Equity/Total Capitalization		40.7	%		48.4	%		72.0	%		47.2	%		41.6	%		42.3	%		55.8	%		57.2	%		42.9	%		59.0	%
Debt Service Coverage Ratio(1)		1.88			1.59			4.58			2.24			1.50			1.52			2.22			2.98			2.14			2.87

(1)TIER and DSCR were calculated from information contained on each Member’s RUS Form 7. Adjustments have not been made for items such as debt refinancings due to the unavailability of such information on the RUS Form 7.

(2)Lamar EMC, d/b/a Southern Rivers Energy

(3)Weighted Average.

Table 1 (continued)

	Excelsior			Grady		GreyStone			Habersham			Hart		Irwin		Jackson			Jefferson			Lamar(2)
2004
Avg. Monthly Residential Rev.($)		91.87		113.21			90.57			85.21		89.29		112.36			95.15			107.48			103.12
Avg. MonthlyResidential kWh		1,355		1,189			1,158			1,019		1,092		1,182			1,225			1,207			1,261
Avg. Residential Rev. (cents per kWh)		6.78		9.52			7.82			8.36		8.18		9.50			7.77			8.91			8.18
Times Interest EarnedRatio(1)		5.45		2.46			3.06			1.55		2.12		1.47			1.86			2.08			2.35
Equity/Assets		48.8	%	48.8	%		38.1	%		32.8	%	41.7	%	33.0	%		31.4	%		38.8	%		46.4	%
Equity/Total Capitalization		57.2	%	55.1	%		42.2	%		40.7	%	47.4	%	37.4	%		40.5	%		44.9	%		54.1	%
Debt Service Coverage Ratio(1)		4.40		2.64			2.80			1.93		2.10		1.80			2.06			2.02			2.40
2003
Avg. Monthly Residential Rev.($)		86.19		112.53			87.36			81.07		85.65		106.56			92.21			100.02			98.24
Avg. MonthlyResidentialkWh		1,269		1,178			1,130			990		1,041		1,125			1,171			1,135			1,194
Avg. Residential Rev. (cents per kWh)		6.79		9.55			7.73			8.19		8.23		9.47			7.88			8.82			8.23
Times Interest Earned Ratio(1)		1.66		1.74			2.11			2.00		2.11		1.56			1.93			2.38			2.62
Equity/Assets		43.6	%	48.9	%		37.7	%		37.0	%	43.2	%	33.3	%		31.9	%		38.1	%		47.1	%
Equity/Total Capitalization		51.1	%	59.2	%		41.8	%		45.8	%	49.6	%	35.9	%		40.7	%		43.0	%		54.8	%
Debt Service CoverageRatio(1)		1.90		2.17			1.38			2.32		2.25		1.86			2.10			2.21			1.54
2002
Avg. Monthly Residential Rev.($)		89.42		104.68			90.33			81.09		88.25		109.61			93.32			102.64			101.04
Avg. MonthlyResidential kWh		1,293		1,141			1,181			1,005		1,074		1,156			1,199			1,180			1,227
Avg. Residential Rev. (cents per kWh)		6.91		9.18			7.65			8.07		8.22		9.48			7.78			8.70			8.24
Times Interest EarnedRatio(1)		1.78		5.09			4.40			2.05		3.20		2.11			2.23			2.61			4.42
Equity/Assets		42.6	%	50.5	%		38.0	%		39.4	%	42.4	%	32.8	%		33.2	%		35.4	%		45.5	%
Equity/Total Capitalization		49.4	%	58.1	%		43.3	%		53.4	%	48.1	%	34.3	%		42.4	%		39.9	%		52.4	%
Debt Service Coverage Ratio(1)		1.87		4.29			3.75			2.50		3.09		2.35			2.36			2.49			3.97

				Slash		Snapping						Three		Tri-			Upson									MEMBER
	Sawnee			Pine		Shoals			Sumter			Notch		County			County			Walton			Washington			TOTAL
2004
Avg. Monthly Residential Rev.($)		110.08		103.97			99.03			121.22		94.12			97.46			89.20			101.28			95.77			99.97
Avg. Monthly Residential kWh		1,249		1,283			1,314			1,462		957			1,211			1,101			1,299			1,113			1,220
Avg. Residential Rev. (cents per kWh)		8.81		8.11			7.54			8.29		9.83			8.05			8.10			7.80			8.61			8.20
Times Interest Earned Ratio(1)		1.54		2.04			2.50			1.52		1.49			1.48			3.64			3.06			2.65			2.25	(3)
Equity/Assets		31.3	%	38.3	%		41.5	%		43.4	%	40.8	%		33.5	%		56.6	%		35.9	%		50.8	%		38.0	%(3)
Equity/Total Capitalization		37.2	%	43.1	%		51.5	%		49.2	%	47.0	%		38.6	%		64.3	%		41.7	%		55.7	%		45.5	%(3)
Debt Service Coverage Ratio(1)		1.69		1.85			2.42			1.64		1.47			1.64			3.21			1.53			2.34			2.12	(3)
2003
Avg. Monthly Residential Rev.($)		107.55		99.16			98.49			116.13		88.97			92.42			87.63			97.90			90.91			96.39
Avg. Monthly Residential kWh		1,195		1,252			1,252			1,413		937			1,142			1,076			1,254			1,051			1,170
Avg. Residential Rev. (cents per kWh)		9.00		7.92			7.87			8.22		9.49			8.09			8.14			7.81			8.65			8.24
Times Interest Earned Ratio(1)		1.98		2.03			2.62			2.43		0.52			1.70			4.17			2.90			2.24			2.21	(3)
Equity/Assets		30.2	%	40.3	%		39.0	%		46.6	%	39.9	%		35.1	%		55.3	%		34.8	%		49.9	%		38.0	%(3)
Equity/Total Capitalization		35.5	%	46.0	%		47.8	%		51.1	%	48.5	%		39.5	%		62.0	%		39.8	%		54.6	%		45.2	%(3)
Debt Service Coverage Ratio(1)		2.03		1.93			2.63			2.33		0.40			1.85			3.62			1.59			2.17			2.03	(3)
2002
Avg. Monthly Residential Rev.($)		111.85		94.90			101.03			117.41		103.94			92.16			87.23			101.82			93.35			98.35
Avg. Monthly Residential kWh		1,238		1,281			1,302			1,453		1,165			1,171			1,067			1,299			1,081			1,204
Avg. Residential Rev. (cents per kWh)		9.03		7.41			7.76			8.08		8.92			7.87			8.17			7.84			8.64			8.17
Times Interest Earned Ratio(1)		2.02		2.36			2.56			2.82		1.24			1.98			5.54			4.17			2.08			2.59	(3)
Equity/Assets		30.4	%	41.6	%		36.6	%		43.4	%	42.4	%		36.3	%		54.3	%		33.7	%		52.5	%		38.1	%(3)
Equity/Total Capitalization		35.3	%	47.0	%		44.8	%		47.9	%	47.0	%		45.1	%		60.4	%		38.0	%		57.2	%		44.7	%(3)
Debt Service Coverage Ratio(1)		2.14		2.12			2.67			2.54		1.29			2.04			4.76			2.26			1.68			2.38	(3)

OGLETHORPE POWER CORPORATION
MEMBER FINANCIAL AND STATISTICAL INFORMATION

Table 2
AVERAGE NUMBER OF CONSUMERS SERVED BY EACH MEMBER

									Central								Coweta-		Diverse
	Altamaha		Amicalola		Canoochee		Carroll		Georgia		Coastal		Cobb		Colquitt		Fayette		Power
2004
Residential Service		17,068		35,684		17,372		43,854		38,315		12,548		158,127		50,572		62,238		23,027
Commercial & Industrial		1,625		3,985		277		2,252		3,942		1,400		12,384		2,818		4,045		3,030
Other		105		19		245		388		89		121		5,823		1,669		460		166
Total Consumers Served		18,798		39,688		17,894		46,494		42,346		14,069		176,333		55,059		66,743		26,224
2003
Residential Service		16,754		34,411		17,093		43,023		36,307		11,886		153,663		49,287		59,662		22,609
Commercial & Industrial		1,618		3,620		283		2,164		3,424		1,460		11,694		2,722		3,887		2,933
Other		100		13		241		381		74		121		5,620		1,618		427		2
Total Consumers Served		18,472		38,044		17,617		45,568		39,805		13,467		170,977		53,627		63,976		25,544
2002
Residential Service		16,435		33,265		18,197		41,609		35,527		11,586		150,181		48,313		57,101		22,186
Commercial & Industrial		1,586		3,453		287		2,099		2,319		1,386		11,337		2,600		3,795		2,869
Other		96		7		246		377		69		124		5,362		1,568		387		167
Total Consumers Served		18,117		36,725		18,730		44,085		37,915		13,095		166,879		52,481		61,283		25,222

	Little		Middle								Okefe-
	Ocmulgee		Georgia		Mitchell		Ocmulgee		Oconee		noke		Pataula		Planters		Rayle		Satilla
2004
Residential Service		10,046		4,824		20,609		10,274		11,237		28,390		4,516		14,618		16,600		46,021
Commercial & Industrial		105		1,589		1,071		608		892		1,761		193		546		1,269		2,327
Other		303		606		1,472		368		139		336		357		543		0		1,337
Total Consumers Served		10,454		7,019		23,152		11,250		12,268		30,487		5,066		15,707		17,869		49,685
2003
Residential Service		9,847		4,729		20,408		10,145		11,122		27,490		4,578		14,511		16,376		45,210
Commercial & Industrial		100		1,567		1,032		595		817		1,744		199		533		1,264		2,284
Other		296		591		1,404		354		141		325		212		529		0		1,293
Total Consumers Served		10,243		6,887		22,844		11,094		12,080		29,559		4,989		15,573		17,640		48,787
2002
Residential Service		9,660		4,634		20,197		10,027		11,069		26,660		4,509		14,401		16,085		44,465
Commercial & Industrial		94		1,542		967		570		722		1,753		206		530		1,251		2,215
Other		295		575		1,353		352		147		318		183		522		0		1,243
Total Consumers Served		10,049		6,751		22,517		10,949		11,937		28,731		4,898		15,453		17,336		47,923

(1)Lamar EMC, d/b/a Southern Rivers Energy

Table 2 (continued)

	Excelsior		Grady	GreyStone		Habersham		Hart	Irwin		Jackson		Jefferson		Lamar(1)
2004
Residential Service		18,195	16,635		90,312		28,841	27,964		10,295		164,837		29,754		16,406
Commercial & Industrial		1,278	406		8,268		2,199	5,961		123		12,779		1,425		965
Other		225	446		854		5	3		766		2,992		195		11
Total Consumers Served		19,698	17,487		99,434		31,045	33,928		11,184		180,608		31,374		17,382
2003
Residential Service		17,847	16,012		85,004		28,114	27,679		10,195		159,485		29,527		15,876
Commercial & Industrial		1,208	395		7,697		2,175	5,765		127		12,332		1,390		959
Other		221	483		784		5	3		734		2,554		191		11
Total Consumers Served		19,276	16,890		93,485		30,294	33,447		11,056		174,371		31,108		16,846
2002
Residential Service		17,506	17,052		79,710		27,409	27,407		10,121		153,314		29,245		15,403
Commercial & Industrial		1,149	384		7,090		2,111	5,535		131		12,113		1,338		946
Other		218	723		707		5	4		699		2,161		182		11
Total Consumers Served		18,873	18,159		87,507		29,525	32,946		10,951		167,588		30,765		16,360

			Slash	Snapping				Three	Tri-		Upson						MEMBER
	Sawnee		Pine	Shoals		Sumter		Notch	County		County		Walton		Washington		TOTAL
2004
Residential Service		113,631	6,716		76,529		13,824	14,036		17,667		8,062		97,889		14,131		1,391,664
Commercial & Industrial		11,211	313		4,152		4,312	550		1,432		927		6,561		493		109,473
Other		2,840	133		0		190	453		0		104		1,513		20		25,296
Total Consumers Served		127,682	7,162		80,681		18,326	15,039		19,099		9,093		105,963		14,644		1,526,433
2003
Residential Service		108,810	6,574		72,315		13,609	13,880		17,296		7,968		94,631		13,973		1,347,905
Commercial & Industrial		10,370	310		4,049		4,158	577		1,340		964		6,349		495		104,600
Other		2,714	134		0		177	430		0		102		1,465		21		23,771
Total Consumers Served		121,894	7,018		76,364		17,944	14,887		18,636		9,034		102,445		14,489		1,476,277
2002
Residential Service		104,444	6,467		68,085		13,435	11,696		16,796		7,855		90,944		13,790		1,306,785
Commercial & Industrial		9,813	301		3,968		4,108	448		1,307		1,014		6,135		495		99,966
Other		2,630	134		0		169	535		0		103		1,431		20		23,122
Total Consumers Served		116,887	6,902		72,053		17,712	12,679		18,103		8,972		98,509		14,305		1,429,873

OGLETHORPE POWER CORPORATION
MEMBER FINANCIAL AND STATISTICAL INFORMATION

Table 3
ANNUAL MWh SALES BY CONSUMER CLASS OF EACH MEMBER

									Central								Coweta-		Diverse
	Altamaha		Amicalola		Canoochee		Carroll		Georgia		Coastal		Cobb		Colquitt		Fayette		Power
2004
Residential Service		239,971		482,225		266,608		579,227		585,350		202,492		2,215,550		770,742		918,916		383,666
Commercial & Industrial		543,266		87,381		96,041		344,930		283,204		129,751		1,209,855		823,892		365,586		102,920
Other		3,114		245		3,563		6,596		727		2,192		148,378		57,915		10,658		5,746
Total MWh Sales		786,351		569,851		366,212		930,753		869,282		334,435		3,573,782		1,652,549		1,295,161		492,332
2003
Residential Service		226,203		446,258		244,656		542,300		532,187		185,549		2,069,353		729,899		848,385		356,261
Commercial & Industrial		498,813		76,779		86,493		335,670		250,818		117,114		1,124,238		811,493		345,137		96,692
Other		1,607		181		1,876		6,085		432		2,209		140,655		50,537		12,656		5,678
Total MWh Sales		726,623		523,218		333,025		884,056		783,437		304,871		3,334,246		1,591,929		1,206,178		458,631
2002
Residential Service		225,509		428,933		245,947		525,988		519,824		176,661		2,120,992		733,880		840,001		357,912
Commercial & Industrial		379,641		74,356		87,708		312,626		228,293		112,900		1,105,670		797,965		334,934		94,657
Other		2,916		130		4,556		6,182		402		2,129		135,424		60,127		12,228		5,815
Total MWh Sales		608,066		503,418		338,211		844,796		748,518		291,690		3,362,086		1,591,971		1,187,163		458,383

	Little		Middle								Okefe-
	Ocmulgee		Georgia		Mitchell		Ocmulgee		Oconee		noke		Pataula		Planters		Rayle		Satilla
2004
Residential Service		128,568		77,146		330,285		130,378		155,341		449,280		45,303		232,222		209,410		713,151
Commercial & Industrial		48,115		34,006		67,997		38,744		95,777		69,634		35,090		18,489		35,490		258,556
Other		3,873		6,408		33,393		4,173		2,578		16,451		8,432		7,770		0		20,728
Total MWh Sales		180,555		117,560		431,675		173,294		253,695		535,364		88,825		258,481		244,900		992,434
2003
Residential Service		121,547		75,445		316,073		122,925		146,772		427,205		43,464		214,088		196,872		674,370
Commercial & Industrial		46,469		32,869		65,438		36,440		88,738		47,712		36,111		17,153		34,999		238,291
Other		2,364		3,012		22,268		1,754		2,307		15,289		5,618		4,912		0		16,434
Total MWh Sales		170,380		111,326		403,779		161,119		237,817		490,206		85,193		236,153		231,871		929,094
2002
Residential Service		122,424		74,269		325,220		123,509		148,926		418,887		45,391		220,843		196,119		675,011
Commercial & Industrial		44,832		30,308		67,267		36,887		79,224		52,332		35,514		16,584		33,891		232,384
Other		3,797		7,270		34,978		4,474		2,958		15,056		8,283		8,586		0		20,386
Total MWh Sales		171,053		111,847		427,465		164,870		231,109		486,274		89,188		246,013		230,011		927,781

(1)   Lamar EMC, d/b/a Southern Rivers Energy

Table 3 (continued)

	Excelsior		Grady		GreyStone		Habersham		Hart		Irwin		Jackson		Jefferson		Lamar(1)
2004
Residential Service		295,819		237,383		1,255,234		352,784		366,396		146,062		2,423,925		430,946		248,236
Commercial & Industrial		70,304		27,601		760,119		85,595		153,653		17,655		1,587,100		109,777		44,289
Other		3,726		11,190		8,366		80		566		12,551		194,810		8,408		4,791
Total MWh Sales		369,849		276,174		2,023,719		438,458		520,615		176,268		4,205,835		549,130		297,316
2003
Residential Service		271,740		226,291		1,153,051		333,969		345,602		137,597		2,240,198		402,032		227,414
Commercial & Industrial		63,895		28,877		684,553		83,589		142,012		15,818		1,480,741		98,456		44,347
Other		2,230		9,651		7,930		80		584		8,687		174,779		5,067		4,588
Total MWh Sales		337,864		264,819		1,845,534		417,638		488,198		162,102		3,895,718		505,555		276,349
2002
Residential Service		271,680		233,419		1,129,605		330,417		353,109		140,455		2,205,408		414,024		226,757
Commercial & Industrial		63,072		24,325		663,583		84,170		143,009		18,664		1,475,506		89,617		47,393
Other		4,301		11,731		7,219		80		2,196		13,122		142,997		8,555		4,147
Total MWh Sales		339,054		269,475		1,800,407		414,667		498,314		172,241		3,823,911		512,195		278,296

			Slash		Snapping				Three		Tri-			Upson						MEMBER
	Sawnee		Pine		Shoals		Sumter		Notch		County			County		Walton		Washington		TOTAL
2004
Residential Service		1,703,487		103,376		1,206,829		242,491		161,229		256,643			106,515		1,525,386		188,671		20,367,241
Commercial & Industrial		829,796		50,816		372,860		77,160		23,279		76,140			16,209		587,187		209,163		9,787,424
Other		28,127		5,815		0		7,685		14,966		0			1,879		71,896		722		718,517
Total MWh Sales		2,561,409		160,007		1,579,689		327,335		199,474		332,783			124,603		2,184,469		398,556		30,873,182
2003
Residential Service		1,560,593		98,754		1,086,059		230,710		156,081		237,077			102,875		1,423,810		176,204		18,929,869
Commercial & Industrial		749,412		46,163		350,016		73,152		22,841		72,002	��		16,464		547,656		203,896		9,111,356
Other		27,466		5,562		0		3,430		10,178		0			1,719		70,036		338		628,199
Total MWh Sales		2,337,471		150,479		1,436,075		307,292		189,100		309,079			121,059		2,041,503		380,438		28,669,425
2002
Residential Service		1,551,874		99,388		1,063,497		234,225		163,568		236,073			100,601		1,417,561		178,825		18,876,732
Commercial & Industrial		723,337		45,277		337,943		74,935		22,917		74,806			16,728		535,325		192,970		8,791,548
Other		26,331		5,301		0		7,702		17,250		0			1,591		67,138		715		656,070
Total MWh Sales		2,301,542		149,966		1,401,440		316,862		203,734		310,878			118,920		2,020,025		372,510		28,324,349

OGLETHORPE POWER CORPORATION
MEMBER FINANCIAL AND STATISTICAL INFORMATION

Table 4
ANNUAL REVENUES BY CONSUMER CLASS OF EACH MEMBER

						Central						Coweta-	Diverse
	Altamaha	Amicalola		Canoochee	Carroll	Georgia	Coastal	Cobb		Colquitt		Fayette	Power
2004
Residential Service	$19,653,815	$41,618,898		$21,009,067	$49,600,819	$46,143,984	$16,640,838	$189,095,519		$61,043,706		$78,950,397	$29,106,992
Commercial & Industrial	24,424,865	7,661,188		6,418,056	18,801,476	16,536,579	6,468,560	75,740,069		31,029,129		25,092,623	7,690,535
Other	229,319	41,748		367,948	634,938	151,618	229,258	13,798,386		4,560,609		1,098,072	522,608
Total Electric Sales	44,307,999	49,321,834		27,795,071	69,037,233	62,832,181	23,338,656	278,633,974		96,633,444		105,141,092	37,320,135
Other Operating Revenue	583,900	(1,674,558	)	1,020,137	1,973,463	2,714,966	549,362	8,318,942		(3,649,878	)	3,205,119	1,934,210
Total Operating Revenue	44,891,899	47,647,276		28,815,208	71,010,696	65,547,147	23,888,018	286,952,916		92,983,566		108,346,211	39,254,345
2003
Residential Service	$18,494,100	$38,376,846		$19,440,884	$46,643,280	$42,242,477	$15,027,383	$179,853,791		$57,564,685		$72,827,433	$27,359,676
Commercial & Industrial	19,541,576	6,776,724		5,646,686	18,143,476	14,434,601	6,026,564	72,527,924		28,988,668		23,870,666	7,401,329
Other	138,877	28,952		242,240	592,586	97,567	227,515	10,900,700		3,902,736		1,035,100	540,153
Total Electric Sales	38,174,553	45,182,522		25,329,810	65,379,342	56,774,645	21,281,462	263,282,415		90,456,089		97,733,199	35,301,158
Other Operating Revenue	436,741	2,615,257		338,561	1,001,128	1,822,005	497,298	7,050,205		(3,765,665	)	3,113,292	1,258,024
Total Operating Revenue	38,611,294	47,797,779		25,668,371	66,380,470	58,596,650	21,778,760	270,332,620		86,690,424		100,846,491	36,559,182
2002
Residential Service	$18,292,833	$36,660,855		$19,255,389	$45,555,032	$41,537,674	$14,200,314	$181,171,226		$56,592,707		$72,486,388	$27,641,873
Commercial & Industrial	14,289,260	6,557,675		5,618,896	16,808,286	12,925,691	5,539,229	70,279,677		27,270,755		22,988,521	7,373,560
Other	204,008	17,993		439,730	600,317	84,496	219,188	10,566,702		4,615,287		979,862	548,790
Total Electric Sales	32,786,101	43,236,523		25,314,015	62,963,635	54,547,861	19,958,731	262,017,605		88,478,749		96,454,771	35,564,223
Other Operating Revenue	414,771	2,651,109		293,289	1,155,462	459,131	7,042,344	(2,835,675	)	(938,300	)	1,026,615
Total Operating Revenue	33,200,872	45,887,632		25,607,304	64,119,097	54,547,861	20,417,862	269,059,949		85,643,074		95,516,471	36,590,838

	Little	Middle				Okefe-
	Ocmulgee	Georgia	Mitchell	Ocmulgee	Oconee	noke	Pataula	Planters	Rayle	Satilla
2004
Residential Service	11,338,309	6,135,628	26,405,995	11,638,487	13,727,018	37,054,230	3,755,406	17,262,340	18,937,191	59,439,026
Commercial & Industrial	2,857,005	2,964,520	5,127,432	2,587,482	5,369,056	4,742,761	1,825,532	1,192,812	2,866,916	13,592,349
Other	330,616	825,893	2,860,057	486,858	228,887	1,081,695	729,664	667,597	0	1,833,991
Total Electric Sales	14,525,930	9,926,041	34,393,484	14,712,827	19,324,961	42,878,686	6,310,602	19,122,749	21,804,107	74,865,366
Other Operating Revenue	271,472	170,530	0	784,772	681,648	915,718	117,002	1,047,819	234,277	(1,443,802	)
Total Operating Revenue	14,797,402	10,096,571	34,393,484	15,497,599	20,006,609	43,794,404	6,427,604	20,170,568	22,038,384	73,421,564
2003
Residential Service	10,506,486	5,903,437	25,121,839	10,865,629	12,478,624	35,014,143	3,626,960	15,915,624	16,963,106	54,796,932
Commercial & Industrial	2,620,178	2,936,216	4,915,121	2,518,250	4,816,464	3,746,462	1,818,881	1,085,919	2,658,451	12,208,793
Other	205,514	456,688	1,969,542	280,199	201,443	1,017,427	496,328	462,818	0	1,480,963
Total Electric Sales	13,332,178	9,296,341	32,006,502	13,664,078	17,496,531	39,778,032	5,942,169	17,464,361	19,621,557	68,486,688
Other Operating Revenue	241,798	167,186	1,133,104	442,678	616,283	824,420	95,930	742,054	147,251	(457,913	)
Total Operating Revenue	13,573,976	9,463,527	33,139,606	14,106,756	18,112,814	40,602,452	6,038,099	18,206,415	19,768,808	68,028,775
2002
Residential Service	10,587,036	5,473,832	25,622,401	10,793,454	12,760,304	34,283,488	3,746,056	16,331,330	16,560,854	53,701,712
Commercial & Industrial	2,526,508	2,602,315	4,972,115	2,446,335	4,380,193	4,089,330	1,790,383	1,048,324	2,577,587	10,275,317
Other	324,408	858,508	2,919,997	489,844	250,719	995,274	668,722	690,257	0	1,698,511
Total Electric Sales	13,437,952	8,934,655	33,514,513	13,729,633	17,391,216	39,368,092	6,205,161	18,069,911	19,138,441	65,675,540
Other Operating Revenue	236,580	158,920	1,106,351	472,744	540,378	751,322	116,601	626,447	145,206	228,279
Total Operating Revenue	13,674,532	9,093,575	34,620,864	14,202,377	17,931,594	40,119,414	6,321,762	18,696,358	19,283,647	65,903,819

(1)   Lamar EMC, d/b/a Southern Rivers Energy

Table 4 (continued)

		Excelsior		Grady	GreyStone	Habersham			Hart	Irwin	Jackson		Jefferson	Lamar(1)
2004
Residential Service		$ 20,058,096		$ 22,599,016	$ 98,152,577		$ 29,491,973		$ 29,964,104	$ 13,881,255	$ 188,219,318		$ 38,376,589		$ 20,302,070
Commercial & Industrial		4,566,096		2,223,375	49,072,536		6,296,730		12,041,306	$ 1,421,333	101,638,075		6,978,258		2,955,388
Other		345,434		1,085,889	1,408,412		7,034		32,830	$ 1,372,854	15,130,886		790,444		329,250
Total Electric Sales		24,969,626		25,908,280	148,633,525		35,795,737		42,038,240	16,675,442	304,988,279		46,145,291		23,586,708
Other Operating Revenue		(243,882	)	1,071,677	5,331,374		958,752		1,796,331	629,879	(7,434,056	)	501,554		885,840
Total Operating Revenue	��	24,725,744		26,979,957	153,964,899		36,754,489		43,834,571	17,305,321	297,554,223		46,646,845		24,472,548
2003
Residential Service		$ 18,457,796		$ 21,621,754	$ 89,109,478		$ 27,351,475		$ 28,447,568	$ 13,036,981	$ 176,475,836		$ 35,440,815		$ 18,716,733
Commercial & Industrial		4,177,372		2,219,120	44,322,083		6,004,732		11,326,600	$ 1,327,519	97,449,834		6,335,654		2,956,197
Other		264,023		979,460	1,325,264		7,034		33,700	$    998,980	13,259,464		590,511		287,281
Total Electric Sales		22,899,191		24,820,334	134,756,825		33,363,241		39,807,868	15,363,480	287,185,134		42,366,980		21,960,211
Other Operating Revenue		(58,913	)	931,063	3,731,001		691,560		1,450,597	530,199	(12,922,181	)	1,519,525		664,867
Total Operating Revenue		22,840,278		25,751,397	138,487,826		34,054,801		41,258,465	15,893,679	274,262,953		43,886,505		22,625,078
2002
Residential Service		$ 18,783,648		$ 21,419,076	$ 86,398,816		$ 26,670,892		$ 29,025,554	$ 13,312,548	$ 171,689,611		$ 36,019,864		$ 18,675,602
Commercial & Industrial		4,118,981		1,858,112	42,161,627		5,914,812		11,177,500	1,586,724	94,616,206		5,953,988		3,007,231
Other		373,334		1,091,997	1,199,703		7,034		124,665	1,391,111	10,937,262		767,530		272,900
Total Electric Sales		23,275,963		24,369,185	129,760,146		32,592,738		40,327,719	16,290,383	277,243,079		42,741,382		21,955,733
Other Operating Revenue		(1,330,974	)	905,370	3,612,431		(351,377	)	1,315,4915	28,380	(18,496,950	)	1,508,886		675,410
Total Operating Revenue		21,944,989		25,274,555	133,372,577		32,241,361		41,643,210	16,818,763	258,746,129		44,250,268		22,631,143

			Slash	Snapping					Three	Tri-	Upson					MEMBER
	Sawnee		Pine	Shoals		Sumter			Notch	County	County	Walton		Washington		TOTAL
2004
Residential Service	150,100,977		8,379,426	90,943,335			20,108,820		15,852,441	20,661,344	8,629,827	118,974,345			16,239,747	$ 1,669,492,925
Commercial & Industrial	60,419,985		2,838,025	21,525,933			6,609,615		2,201,767	4,968,476	1,370,898	39,099,481			10,656,432	599,872,654
Other	3,449,759		367,782	0			709,316		1,747,145	0	183,122	6,552,571			49,110	64,241,600
Total Electric Sales	213,970,721		11,585,233	112,469,268			27,427,751		19,801,353	25,629,820	10,183,847	164,626,397			26,945,289	2,333,607,179
Other Operating Revenue	8,184,368		93,165	7,392,882			(80,328	)	642,200	993,991	380,752	313,630			870,771	40,043,999
Total Operating Revenue	222,155,089		11,678,398	119,862,150			27,347,423		20,443,553	26,623,811	10,564,599	164,940,027			27,816,060	2,373,651,178
2003
Residential Service	140,434,145		7,822,762	85,463,543			18,964,597		14,818,341	19,181,781	8,378,568	111,167,798			15,243,168	$ 1,559,156,474
Commercial & Industrial	56,451,444		2,561,951	20,440,560			6,229,622		2,163,272	4,622,708	1,409,906	36,855,315			10,566,561	560,103,399
Other	3,345,411		356,354	0			444,612		1,394,446	0	163,607	6,293,877			32,265	54,053,637
Total Electric Sales	200,231,000		10,741,067	105,904,103			25,638,831		18,376,059	23,804,489	9,952,081	154,316,990			25,841,994	2,173,313,510
Other Operating Revenue	1,622,008		60,090	1,989,404			572,507		353,507	611,827	329,932	374,536			508,985	21,280,151
Total Operating Revenue	201,853,008		10,801,157	107,893,507			26,211,338		18,729,566	24,416,316	10,282,013	154,691,526			26,350,979	2,194,593,661
2002
Residential Service	140,182,336		7,364,868	82,541,624			18,929,249		14,587,679	18,575,322	8,222,726	111,117,027			15,448,022	$ 1,542,219,222
Commercial & Industrial	54,417,171		2,260,088	19,425,900			6,335,650		2,039,168	4,501,205	1,471,846	35,868,474			10,025,492	533,100,132
Other	3,182,339		313,554	0			676,511		1,840,457	0	162,609	6,013,707			47,508	55,574,834
Total Electric Sales	197,781,846		9,938,510	101,967,524			25,941,410		18,467,304	23,076,527	9,857,181	152,999,208			25,521,022	2,130,894,188
Other Operating Revenue	(1,749,913	)	59,729	(757,517	)		440,675		363,347	598,604	300,494	(435,636	)		489,246	1,327,270
Total Operating Revenue	196,031,933		9,998,239	101,210,007			26,382,085		18,830,651	23,675,131	10,157,675	152,563,572			26,010,268	2,132,221,458

OGLETHORPE POWER CORPORATION
MEMBER FINANCIAL AND STATISTICAL INFORMATION

Table 5

SUMMARY OF OPERATING RESULTS OF EACH MEMBER

											Central								Coweta-		Diverse
	Altamaha			Amicalola			Canoochee		Carroll		Georgia		Coastal		Cobb		Colquitt		Fayette		Power
2004
Operating Revenue & Patronage Capital	44,891,898			47,647,276			28,815,208		71,010,696		65,547,149		23,888,018		286,952,916		92,983,566		108,346,211		39,254,345
Depreciation and Amortization	1,927,641			4,368,048			2,049,458		5,388,525		3,698,115		1,453,376		14,469,870		4,381,109		5,935,200		3,736,798
Other Operating Expenses	40,554,073			38,930,924			24,946,076		58,004,987		52,619,303		20,719,044		241,119,831		83,416,526		95,142,842		32,132,999
Electric Operating Margin	$	2,410,184		$	4,348,304		$	1,819,674	$	7,617,184	$	9,229,731	$	1,715,598	$	31,363,215	$	5,185,931	$	7,268,169	$	3,384,548
Other Income	678,613			568,915			887,592		993,740		1,082,630		356,392		8,809,327		1,351,875		2,811,998		734,380
Gross Operating Margin	$	3,088,797		$	4,917,219		$	2,707,266	$	8,610,924	$	10,312,361	$	2,071,990	$	40,172,542	$	6,537,806	$	10,080,167	$	4,118,928
Interest on Long-term Debt	1,216,188			1,660,722			1,348,413		3,492,288		3,661,675		1,555,276		12,993,938		2,975,916		5,290,452		1,550,524
Other Deductions	64,967			21,867			5,882		4,252		26,607		2,164		2,283,415		0		732,522		14,993
Net Margins	$	1,807,642		$	3,234,630		$	1,352,971	$	5,114,384	$	6,624,079	$	514,550	$	24,895,189	$	3,561,890	$	4,057,193	$	2,553,411
2003
Operating Revenue & Patronage Capital	38,611,295			47,797,779			25,668,371		66,380,469		58,596,650		21,778,761		270,332,620		86,690,424		100,846,491		36,559,182
Depreciation and Amortization	1,867,442			4,153,442			1,768,713		5,211,509		3,541,345		1,381,249		13,591,809		4,175,030		5,664,309		3,422,355
Other Operating Expenses	34,140,315			35,647,783			22,575,069		51,867,658		47,706,207		18,328,386		228,794,205		78,556,766		87,765,442		30,499,735
Electric Operating Margin	$	2,603,538		$	7,996,554		$	1,324,589	$	9,301,302	$	7,349,098	$	2,069,126	$	27,946,606	$	3,958,628	$	7,416,740	$	2,637,092
Other Income	802,782			248,460			626,858		658,138		979,254		298,749		8,666,504		1,287,340		1,956,039		613,159
Gross Operating Margin	$	3,406,320		$	8,245,014		$	1,951,447	$	9,959,440	$	8,328,352	$	2,367,875	$	36,613,110	$	5,245,968	$	9,372,779	$	3,250,251
Interest on Long-term Debt	1,000,961			1,969,846			1,225,410		3,413,044		2,932,626		1,371,854		13,178,588		3,034,055		4,612,398		1,393,240
Other Deductions	(27,271		)	11,360			13,519		26,701		186,393		8,328		1,143,966		0		740,827		20,343
Net Margins	$	2,432,630		$	6,263,808		$	712,518	$	6,519,695	$	5,209,333	$	987,693	$	22,290,556	$	2,211,913	$	4,019,554	$	1,836,668
2002
Operating Revenue & Patronage Capital	$	33,200,872		45,887,632			25,607,306		64,119,097		56,391,561		20,417,862		269,059,949		85,643,074		95,516,470		36,590,838
Depreciation and Amortization	1,790,288			3,981,904			1,676,789		4,589,403		3,168,740		1,310,188		13,830,477		3,941,507		5,361,671		3,158,115
Other Operating Expenses	28,483,463			33,656,258			21,879,858		51,733,445		44,860,892		16,810,039		226,107,963		76,915,695		82,551,497		28,941,035
Electric Operating Margin	$	2,927,121		$	8,249,470		$	2,050,659	$	7,796,249	$	8,361,929	$	2,297,635	$	29,121,509	$	4,785,872	$	7,603,302	$	4,491,688
Other Income	860,919			(547,135		)	599,889		661,795		1,105,554		426,235		9,178,914		1,317,711		2,481,630		(1,353,231		)
Gross Operating Margin	$	3,788,040		$	7,702,335		$	2,650,548	$	8,458,044	$	9,467,483	$	2,723,870	$	38,300,423	$	6,103,583	$	10,084,932	$	3,138,457
Interest on Long-term Debt	1,101,913			2,362,860			1,186,922		3,194,496		2,671,424		1,445,954		14,095,803		2,917,328		4,758,422		1,468,715
Other Deductions	10,820			0			132,610		141,172		355,004		1,533		1,486,975		0		823,940		11,707
Net Margins	$	2,675,307		$	5,339,475		$	1,331,016	$	5,122,376	$	6,441,055	$	1,276,383	$	22,717,645	$	3,186,255	$	4,502,570	$	1,658,035

	Little		Middle								Okefe-
	Ocmulgee		Georgia		Mitchell		Ocmulgee		Oconee		noke			Pataula		Planters		Rayle		Satilla
2004
Operating Revenue & Patronage Capital	13,797,402		10,096,571		35,972,403		15,497,599		20,006,609		43,794,405			6,427,602		20,170,563		22,038,384		73,421,564
Depreciation and Amortization	1,020,526		807,152		2,450,982		1,015,696		1,343,722		3,163,213			441,794		1,564,801		1,729,557		3,368,395
Other Operating Expenses	11,797,894		8,796,764		31,640,197		12,749,116		17,159,007		37,841,003			5,592,556		17,035,182		18,594,748		66,021,053
Electric Operating Margin	$	978,982	$	492,655	$	1,881,224	$	1,732,787	$	1,503,880	$	2,790,189		$	393,252	$	1,570,580	$	1,714,079	$	4,032,116
Other Income	91,172		172,351		566,815		141,055		386,620		879,098			128,982		341,249		333,086		1,118,034
Gross Operating Margin	$	1,070,154	$	665,006	$	2,448,039	$	1,873,842	$	1,890,500	$	3,669,287		$	522,234	$	1,911,829	$	2,047,165	$	5,150,150
Interest on Long-term Debt	800,257		557,832		783,102		919,047		1,194,352		2,698,038			269,550		867,409		1,459,133		2,223,721
Other Deductions	18,000		67,466		146,077		27,347		41,425		168,643			3,153		47,531		2,667		220,233
Net Margins	$	251,897	$	39,708	$	1,518,860	$	927,448	$	654,723	$	802,606		$	249,531	$	996,889	$	585,365	$	2,706,196
2003
Operating Revenue & Patronage Capital	13,573,976		9,463,527		33,468,177		14,106,756		18,112,814		40,602,452			6,038,099		18,206,415		19,768,807		68,028,775
Depreciation and Amortization	988,015		782,036		2,393,918		978,217		1,280,750		3,003,331			421,509		1,495,795		1,696,606		3,226,459
Other Operating Expenses	11,454,683		8,170,486		29,149,914		11,953,247		15,715,238		34,607,731			5,374,181		15,901,700		17,141,661		61,677,515
Electric Operating Margin	$	1,131,278	$	511,005	$	1,924,345	$	1,175,292	$	1,116,826	$	2,991,390		$	242,409	$	808,920	$	930,540	$	3,124,801
Other Income	60,269		165,576		595,433		129,363		354,916		538,538			118,414		332,031		403,749		1,231,999
Gross Operating Margin	$	1,191,547	$	676,581	$	2,519,778	$	1,304,655	$	1,471,742	$	3,529,928		$	360,823	$	1,140,951	$	1,334,289	$	4,356,800
Interest on Long-term Debt	719,593		625,278		955,845		900,567		1,220,949		2,530,104			268,790		782,683		1,220,167		1,688,365
Other Deductions	18,000		40,623		0		22,816		50,282		122,980			303		21,512		1,583		392,044
Net Margins	$	453,954	$	10,680	$	1,563,933	$	381,272	$	200,511	$	876,844		$	91,730	$	336,756	$	112,539	$	2,276,391
2002
Operating Revenue & Patronage Capital	13,673,924		9,093,575		34,620,863		14,202,377		17,931,594		40,119,414			6,321,762		18,696,328		19,283,647		65,903,819
Depreciation and Amortization	1,060,614		762,090		2,332,316		907,721		1,188,946		2,809,798			400,946		1,378,039		1,583,949		3,156,350
Other Operating Expenses	11,216,554		7,470,590		27,659,744		11,369,375		15,429,922		28,842,203			5,494,790		15,533,967		15,632,357		57,945,978
Electric Operating Margin	$	1,396,756	$	860,895	$	4,628,803	$	1,925,281	$	1,312,726	$	8,467,413		$	426,026	$	1,784,322	$	2,067,341	$	4,801,491
Other Income	77,786		217,979		527,483		176,000		401,119		(4,820,764		)	138,578		265,106		327,743		1,207,486
Gross Operating Margin	$	1,474,542	$	1,078,874	$	5,156,286	$	2,101,281	$	1,713,845	$	3,646,649		$	564,604	$	2,049,428	$	2,395,084	$	6,008,977
Interest on Long-term Debt	752,684		685,671		853,562		864,093		1,305,697		2,628,292			273,583		688,320		1,271,054		1,861,925
Other Deductions	36,896		48,040		180,817		17,335		3,362		93,451			305		50,893		1,952		435,120
Net Margins	$	684,962	$	345,163	$	4,121,907	$	1,219,853	$	404,786	$	924,906		$	290,716	$	1,310,215	$	1,122,078	$	3,711,932

(1)Lamar EMC, d/b/a Southern Rivers Energy

Table 5 (continued)

	Excelsior		Grady		GreyStone			Habersham			Hart		Irwin		Jackson		Jefferson		Lamar (1)
2004
Operating Revenue & Patronage Capital	24,725,744		26,979,957		153,964,898				36,754,489		43,834,571		17,305,321		297,554,225		46,646,847		24,472,548
Depreciation and Amortization	1,418,038		1,826,911		7,594,022				2,941,408		3,264,969		1,610,586		17,574,799		3,002,846		1,420,437
Other Operating Expenses	21,550,384		23,375,375		125,470,699				31,044,890		36,738,074		14,309,750		256,913,860		38,948,943		20,877,874
Electric Operating Margin	$	1,757,322	$	1,777,671	$	20,900,177			$	2,768,191	$	3,831,528	$	1,384,985	$	23,065,566	$	4,695,058	$	2,174,237
Other Income	5,553,680		155,789		1,070,408				377,347		877,397		432,668		6,534,061		970,042		(220,031		)
Gross Operating Margin	$	7,311,002	$	1,933,460	$	21,970,585			$	3,145,538	$	4,708,925	$	1,817,653	$	29,599,627	$	5,665,100	$	1,954,206
Interest on Long-term Debt	1,341,625		737,140		7,130,939				1,994,995		2,215,175		1,198,997		15,844,614		2,717,907		830,139
Other Deductions	0		123,757		177,426				55,979		2,750		59,352		76,539		14,706		0
Net Margins	$	5,969,377	$	1,072,563	$	14,662,220			$	1,094,564	$	2,491,000	$	559,304	$	13,678,474	$	2,932,487	$	1,124,067
2003
Operating Revenue & Patronage Capital	22,840,278		25,751,397		138,487,826				34,054,801		41,258,465		15,893,681		274,262,952		43,886,508		22,625,078
Depreciation and Amortization	1,482,259		1,743,300		6,991,020				2,661,396		3,048,536		1,526,452		16,620,680		2,895,578		1,274,378
Other Operating Expenses	19,564,760		22,875,376		115,034,570				28,747,343		34,202,695		12,758,516		234,108,662		35,467,889		18,823,368
Electric Operating Margin	$	1,793,259	$	1,132,721	$	16,462,236			$	2,646,062	$	4,007,234	$	1,608,713	$	23,533,610	$	5,523,041	$	2,527,332
Other Income	507,900		122,441		(3,840,229		)		301,465		702,718		275,981		5,251,060		905,161		(371,405		)
Gross Operating Margin	$	2,301,159	$	1,255,162	$	12,622,007			$	2,947,527	$	4,709,952	$	1,884,694	$	28,784,670	$	6,428,202	$	2,155,927
Interest on Long-term Debt	1,383,836		697,748		5,925,910				1,406,165		2,230,512		1,201,151		14,779,858		2,697,663		822,433
Other Deductions	0		41,188		108,687				132,993		3,543		11,878		323,782		11,692		0
Net Margins	$	917,323	$	516,226	$	6,587,410			$	1,408,369	$	2,475,897	$	671,665	$	13,681,030	$	3,718,847	$	1,333,494
2002
Operating Revenue & Patronage Capital	21,944,989		25,274,555		133,372,577				32,241,361		41,643,209		16,818,765		258,746,129		44,250,268		22,631,143
Depreciation and Amortization	1,445,437		1,525,907		5,875,054				2,501,849		2,820,476		1,457,723		15,489,442		2,766,066		1,274,369
Other Operating Expenses	18,517,072		20,281,822		104,258,080				27,045,326		33,234,045		13,324,489		216,864,746		35,454,143		18,150,158
Electric Operating Margin	$	1,982,480	$	3,466,826	$	23,239,443			$	2,694,186	$	5,588,688	$	2,036,553	$	26,391,941	$	6,030,059	$	3,206,616
Other Income	500,040		860,286		(6,252,768		)		370,584		760,259		431,163		5,207,764		875,209		3,917
Gross Operating Margin	$	2,482,520	$	4,327,112	$	16,986,675			$	3,064,770	$	6,348,947	$	2,467,716	$	31,599,705	$	6,905,268	$	3,210,533
Interest on Long-term Debt	1,397,629		846,810		3,352,126				1,344,515		1,983,823		1,163,197		13,888,753		2,591,995		727,055
Other Deductions	0		14,810		2,244,575				306,343		3,569		13,937		587,939		153,097		151
Net Margins	$	1,084,891	$	3,465,492	$	11,389,974			$	1,413,912	$	4,361,555	$	1,290,582	$	17,123,013	$	4,160,176	$	2,483,327

	Sawnee			Slash Pine		Snapping Shoals			Sumter		Three Notch			Tri- County		Upson County			Walton		Washington			MEMBER TOTAL
2004
Operating Revenue & Patronage Capital	222,155,089			11,678,398		119,862,150			27,347,423		20,443,553			26,623,811		10,564,595			164,940,029			27,816,060		2,374,230,093
Depreciation and Amortization	10,469,496			494,661		6,014,721			1,862,835		1,191,392			1,804,489		590,204			8,057,552			1,661,761		137,115,105
Other Operating Expenses	196,963,300			10,384,128		97,543,150			23,487,531		18,164,757			22,433,056		9,026,465			145,461,723			23,376,948		2,030,885,032
Electric Operating Margin	$	14,722,293		$	799,609	$	16,304,279		$	1,997,057	$	1,087,404		$	2,386,266	$	947,926		$	11,420,754		$	2,777,351	$	206,229,956
Other Income	(1,563,817		)	238,347		(6,085,121		)	672,699		267,512			433,922		235,647			1,688,236			378,514		34,451,224
Gross Operating Margin	$	13,158,476		$	1,037,956	$	10,219,158		$	2,669,756	$	1,354,916		$	2,820,188	$	1,183,573		$	13,108,990		$	3,155,865	$	240,681,180
Interest on Long-term Debt	8,333,598			507,389		4,053,984			1,690,479		845,622			1,835,991		329,021			4,250,000			1,179,109		104,554,557
Other Deductions	333,093			500		65,994			96,260		94,684			100,889		(13,252		)	118,299			35,313		5,241,500
Net Margins	$	4,491,785		$	530,067	$	6,099,180		$	883,017	$	414,610		$	883,308	$	867,804		$	8,740,691		$	1,941,443	$	130,885,123
2003
Operating Revenue & Patronage Capital	201,853,008			10,801,157		107,893,507			26,211,338		18,729,566			24,416,316		10,282,013			154,691,529			26,350,979		2,194,922,239
Depreciation and Amortization	9,838,719			507,404		6,528,206			1,798,801		1,161,805			1,663,631		513,943			7,587,246			1,643,694		130,530,887
Other Operating Expenses	175,151,590			9,516,059		87,820,830			20,831,479		17,247,707			20,197,936		8,541,747			135,113,763			22,586,254		1,865,618,466
Electric Operating Margin	$	16,862,699		$	777,694	$	13,544,471		$	3,581,058	$	320,054		$	2,554,749	$	1,226,323		$	11,990,520		$	2,121,031	$	198,772,886
Other Income	(304,457		)	171,861		(2,577,176		)	557,598		235,839			399,988		213,073			1,730,218			425,248		24,774,855
Gross Operating Margin	$	16,558,242		$	949,555	$	10,967,295		$	4,138,656	$	555,893		$	2,954,737	$	1,439,396		$	13,720,738		$	2,546,279	$	223,547,741
Interest on Long-term Debt	8,220,532			468,253		4,148,117			1,678,726		854,842			1,682,049		322,688			4,699,183			1,130,327		99,394,356
Other Deductions	245,788			500		89,764			51,267		108,902			93,251		93,467			102,899			10,674		4,224,584
Net Margins	$	8,091,922		$	480,802	$	6,729,414		$	2,408,663	($407,851		)	$	1,179,437	$	1,023,241		$	8,918,656		$	1,405,278	$	119,928,801
2002
Operating Revenue & Patronage Capital	196,031,933			9,998,239		100,850,007			26,382,085		18,830,651			23,675,131		10,157,676			152,563,571			26,010,268		2,133,704,521
Depreciation and Amortization	9,507,834			486,242		6,185,097			1,718,111		1,111,958			1,551,268		543,134			7,231,521			1,511,828		123,393,167
Other Operating Expenses	167,674,005			8,701,713		83,239,017			20,416,971		16,803,086			19,600,447		8,011,973			127,324,312			22,301,535		1,769,738,565
Electric Operating Margin	$	18,850,094		$	810,284	$	11,425,893		$	4,247,003	$	915,607		$	2,523,416	$	1,602,569		$	18,007,738		$	2,196,905	$	240,572,789
Other Income	(368,109		)	207,180		(1,372,058		)	531,640		307,948			499,217		172,054			5,779,100			230,547		21,994,770
Gross Operating Margin	$	18,481,985		$	1,017,464	$	10,053,835		$	4,778,643	$	1,223,555		$	3,022,633	$	1,774,623		$	23,786,838		$	2,427,452	$	262,567,559
Interest on Long-term Debt	9,075,332			415,868		3,890,591			1,662,824		951,389			1,409,837		317,203			5,685,460			1,166,491		98,259,616
Other Deductions	111,044			36,371		94,793			90,703		44,413			235,488		17,841			106,164			0		7,893,170
Net Margins	$	9,295,609		$	565,225	$	6,068,451		$	3,025,116	$	227,753		$	1,377,308	$	1,439,579		$	17,995,214		$	1,260,961	$	156,414,773

OGLETHORPE POWER CORPORATION
MEMBER FINANCIAL AND STATISTICAL INFORMATION

Table 6

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

									Central								Coweta-		Diverse
	Altamaha		Amicalola		Canoochee		Carroll		Georgia		Coastal		Cobb		Colquitt		Fayette		Power
2004
ASSETS
Total Utility Plant(1)	$	68,342,564	$	134,897,748	$	75,330,188	$	157,337,727	$	130,773,300	$	49,967,739	$	498,436,390	$	144,754,068	$	211,408,339	$	91,132,307
Depreciation	16,435,145		34,577,863		29,672,305		34,090,877		23,520,737		8,912,125		81,725,078		30,916,662		44,964,533		30,365,027
Net Plant	51,907,419		100,319,885		45,657,883		123,246,850		107,252,563		41,055,614		416,711,312		113,837,406		166,443,806		60,767,280
Other Assets	26,739,068		19,011,237		13,931,821		31,487,556		25,009,497		12,623,064		211,882,746		51,004,213		48,314,049		11,404,499
Total Assets	$	78,646,487	$	119,331,122	$	59,589,704	$	154,734,406	$	132,262,060	$	53,678,678	$	628,594,058	$	164,841,619	$	214,757,855	$	72,171,779
EQUITY & LIABILITIES
Equity	47,844,185		45,749,776		28,222,349		58,565,577		53,003,996		17,034,019		226,242,513		73,615,633		58,222,114		40,447,713
Long-term Debt	24,974,380		55,752,169		22,635,367		71,961,423		68,490,315		32,010,779		257,165,247		59,379,886		107,736,024		25,739,043
Other Liabilities	5,827,922		17,829,177		8,731,988		24,207,406		10,767,749		4,633,880		145,186,298		31,846,100		48,799,717		5,985,023
Total Equity and Liabilities	$	78,646,487	$	119,331,122	$	59,589,704	$	154,734,406	$	132,262,060	$	53,678,678	$	628,594,058	$	164,841,619	$	214,757,855	$	72,171,779
2003
ASSETS
Total Utility Plant(1)	$	65,716,093	$	126,268,552	$	55,836,478	$	145,860,201	$	120,456,268	$	46,822,767	$	469,480,570	$	137,311,290	$	189,860,340	$	84,999,630
Depreciation	15,491,394		32,010,647		14,001,545		31,931,419		22,374,076		7,995,606		71,960,249		28,255,733		41,502,517		27,643,901
Net Plant	50,224,699		94,257,905		41,834,933		113,928,782		98,082,192		38,827,161		397,520,321		109,055,557		148,357,823		57,355,729
Other Assets	27,816,166		13,614,131		12,729,410		34,922,415		24,561,150		7,859,251		192,155,228		50,016,930		43,077,047		11,243,299
Total Assets	$	78,040,865	$	107,872,036	$	54,564,343	$	148,851,197	$	122,643,342	$	46,686,412	$	589,675,549	$	159,072,487	$	191,434,870	$	68,599,028
EQUITY & LIABILITIES
Equity	46,169,113		42,802,617		27,086,326		53,568,606		48,488,789		16,517,848		204,410,611		72,025,446		55,184,807		38,865,569
Long-term Debt	25,674,730		51,132,328		19,446,222		74,284,959		61,665,307		25,835,907		258,167,551		61,372,502		98,616,628		23,756,658
Other Liabilities	6,197,022		13,937,091		8,031,795		20,997,632		12,489,246		4,332,657		127,097,387		25,674,539		37,633,435		5,976,801
Total Equity and Liabilities	$	78,040,865	$	107,872,036	$	54,564,343	$	148,851,197	$	122,643,342	$	46,686,412	$	589,675,549	$	159,072,487	$	191,434,870	$	68,599,028
2002
ASSETS
Total Utility Plant(1)	$	63,185,341	$	119,601,820	$	54,550,916	$	134,026,616	$	113,302,321	$	44,462,992	$	447,243,686	$	130,132,495	$	177,271,152	$	79,078,767
Depreciation	14,350,886		29,549,899		12,929,036		29,888,329		21,661,712		6,860,948		63,755,490		25,924,039		37,260,716		25,407,627
Net Plant	48,834,455		90,051,921		41,621,880		104,138,287		91,640,609		37,602,044		383,488,196		104,208,456		140,010,436		53,671,140
Other Assets	21,304,280		14,804,756		13,086,801		28,951,650		22,608,778		8,015,214		166,475,988		49,902,659		37,797,570		11,807,099
Total Assets	$	70,138,735	$	104,856,677	$	54,708,681	$	133,089,937	$	114,249,387	$	45,617,258	$	549,964,184	$	154,111,115	$	177,808,006	$	65,478,239
EQUITY & LIABILITIES
Equity	43,714,436		36,803,796		27,007,784		47,282,306		44,538,044		15,569,277		184,454,439		71,598,589		52,406,558		37,886,985
Long-term Debt	22,306,509		54,287,030		21,170,678		67,316,507		52,039,569		26,623,110		267,149,443		63,264,644		88,231,506		22,110,053
Other Liabilities	4,117,790		13,765,851		6,530,219		18,491,124		17,671,774		3,424,871		98,360,302		19,247,882		37,169,942		5,481,201
Total Equity and Liabilities	$	70,138,735	$	104,856,677	$	54,708,681	$	133,089,937	$	114,249,387	$	45,617,258	$	549,964,184	$	154,111,115	$	177,808,006	$	65,478,239

	Little		Middle								Okefe-
	Ocmulgee		Georgia		Mitchell		Ocmulgee		Oconee		noke		Pataula		Planters		Rayle		Satilla
2004
ASSETS
Total Utility Plant(1)	$	38,352,652	$	28,138,134	$	90,466,954	$	38,998,256	$	46,273,454	$	111,637,836	$	15,090,253	$	46,732,441	$	61,185,310	$	116,529,816
Depreciation	8,981,270		6,656,787		15,137,030		8,773,805		8,030,157		26,477,547		3,777,998		13,041,979		17,731,042		20,929,891
Net Plant	29,371,382		21,481,347		75,329,924		30,224,451		38,243,297		85,160,289		11,312,255		33,690,462		43,454,268		95,599,925
Other Assets	6,566,349		4,771,339		17,336,822		7,736,474		10,782,555		18,813,437		3,221,923		9,865,256		9,139,730		36,072,290
Total Assets	$	35,937,731	$	26,252,686	$	92,666,746	$	37,960,925	$	49,025,852	$	103,973,726	$	14,534,178	$	43,555,718	$	52,593,998	$	131,672,215
EQUITY & LIABILITIES
Equity	12,719,350		11,112,912		56,405,879		16,080,589		17,098,858		38,515,615		7,630,467		20,624,890		18,201,349		53,015,041
Long-term Debt	18,235,083		11,474,757		24,379,434		18,100,092		25,412,916		51,053,867		6,041,239		17,594,079		29,147,663		45,982,016
Other Liabilities	4,983,298		3,665,017		11,881,433		3,780,244		6,514,078		14,404,244		862,472		5,336,749		5,244,986		32,675,158
Total Equity and Liabilities	$	35,937,731	$	26,252,686	$	92,666,746	$	37,960,925	$	49,025,852	$	103,973,726	$	14,534,178	$	43,555,718	$	52,593,998	$	131,672,215
2003
ASSETS
Total Utility Plant(1)	$	35,896,433	$	27,125,119	$	85,976,355	$	37,782,450	$	44,610,258	$	106,775,179	$	14,457,871	$	43,888,350	$	57,373,108	$	109,486,799
Depreciation	8,630,734		6,371,485		14,446,130		8,853,387		7,311,160		23,744,324		3,611,200		12,464,658		16,271,200		19,438,837
Net Plant	27,265,699		20,753,634		71,530,225		28,929,063		37,299,098		83,030,855		10,846,671		31,423,692		41,101,908		90,047,962
Other Assets	6,170,189		4,684,073		18,567,031		7,505,540		10,101,089		19,274,556		3,004,491		9,438,527		10,115,958		32,859,126
Total Assets	$	33,435,888	$	25,437,707	$	90,097,256	$	36,434,603	$	47,400,187	$	102,305,411	$	13,851,162	$	40,862,219	$	51,217,866	$	122,907,088
EQUITY & LIABILITIES
Equity	12,520,420		11,060,830		57,417,774		15,337,849		16,757,504		38,359,472		7,391,226		20,078,624		17,959,635		52,668,151
Long-term Debt	16,570,515		11,158,886		19,277,394		17,705,334		22,922,295		51,912,789		5,576,227		15,124,033		28,991,176		35,304,282
Other Liabilities	4,344,953		3,217,991		13,402,088		3,391,420		7,720,388		12,033,150		883,709		5,659,562		4,267,055		34,934,655
Total Equity and Liabilities	$	33,435,888	$	25,437,707	$	90,097,256	$	36,434,603	$	47,400,187	$	102,305,411	$	13,851,162	$	40,862,219	$	51,217,866	$	122,907,088
2002
ASSETS
Total Utility Plant(1)	$	35,480,434	$	26,469,359	$	82,896,741	$	35,442,214	$	42,657,870	$	101,440,054	$	13,750,483	$	44,383,336	$	53,231,381	$	106,545,077
Depreciation	9,236,165		6,227,686		13,805,682		8,060,051		6,574,664		21,846,974		3,497,735		14,109,218		14,816,035		19,425,720
Net Plant	26,244,269		20,241,673		69,091,059		27,382,163		36,083,206		79,593,080		10,252,748		30,274,118		38,415,346		87,119,357
Other Assets	7,947,488		4,349,643		15,718,967		7,838,818		9,979,098		20,274,924		3,645,420		9,250,616		7,695,762		27,579,287
Total Assets	$	34,191,757	$	24,591,316	$	84,810,026	$	35,220,981	$	46,062,304	$	99,868,004	$	13,898,168	$	39,524,734	$	46,111,108	$	114,698,644
EQUITY & LIABILITIES
Equity	12,195,697		11,027,341		54,088,398		15,088,214		16,877,314		38,037,800		7,298,133		20,189,580		18,048,102		52,673,310
Long-term Debt	17,770,696		11,738,852		21,071,763		16,905,759		23,724,004		51,987,129		5,783,798		15,099,421		23,974,637		36,568,832
Other Liabilities	4,225,364		1,825,123		9,649,865		3,227,008		5,460,986		9,843,075		816,237		4,235,733		4,088,369		25,456,502
Total Equity and Liabilities	$	34,191,757	$	24,591,316	$	84,810,026	$	35,220,981	$	46,062,304	$	99,868,004	$	13,898,168	$	39,524,734	$	46,111,108	$	114,698,644

(1)Including construction work in progress.

(2)Lamar EMC, d/b/a Southern Rivers Energy

Table 6 (continued)

	Excelsior		Grady		GreyStone		Habersham			Hart		Irwin		Jackson		Jefferson		Lamar(2)
2004
ASSETS
Total Utility Plant(1)	$	54,472,227	$	59,765,743	$	257,522,861		$	98,861,988	$	109,591,660	$	50,151,554	$	557,350,263	$	101,674,340		$	43,808,663
Depreciation	11,498,840		11,286,031		44,301,309			24,641,844		26,183,093		13,201,275		110,606,301		19,252,722			12,060,738
Net Plant	42,973,387		48,479,712		213,221,552			74,220,144		83,408,567		36,950,279		446,743,962		82,421,618			31,747,925
Other Assets	19,594,976		12,947,286		54,846,339			21,529,892		23,846,446		8,229,718		183,373,568		25,575,216			8,536,990
Total Assets	$	62,568,363	$	61,426,998	$	268,067,891		$	95,750,036	$	107,255,013	$	45,179,997	$	630,117,530	$	107,996,834		$	40,284,915
EQUITY & LIABILITIES
Equity	30,553,221		29,961,021		102,170,365			31,447,001		44,746,741		14,918,518		197,668,091		41,949,479			18,676,810
Long-term Debt	22,830,263		24,407,610		140,001,087			45,871,807		49,635,593		25,013,078		289,811,908		51,389,297			15,814,522
Other Liabilities	9,184,879		7,058,367		25,896,439			18,431,228		12,872,679		5,248,401		142,637,531		14,658,058			5,793,583
Total Equity and Liabilities	$	62,568,363	$	61,426,998	$	268,067,891		$	95,750,036	$	107,255,013	$	45,179,997	$	630,117,530	$	107,996,834		$	40,284,915
2003
ASSETS
Total Utility Plant(1)	$	52,874,853	$	57,167,349	$	233,853,933		$	85,959,139	$	102,011,251	$	47,749,195	$	517,324,150	$	97,209,658		$	41,301,348
Depreciation	10,826,470		10,711,974		39,740,887			22,747,562		24,410,178		12,051,396		94,078,092		17,657,358			11,472,497
Net Plant	42,048,383		46,455,375		194,113,046			63,211,577		77,601,073		35,697,799		423,246,058		79,552,300			29,828,851
Other Assets	14,349,734		12,638,644		43,102,651			19,146,774		20,397,488		7,706,453		164,797,757		22,885,041			9,293,330
Total Assets	$	56,398,117	$	59,094,019	$	237,215,697		$	82,358,351	$	97,998,561	$	43,404,252	$	588,043,815	$	102,437,341		$	39,122,181
EQUITY & LIABILITIES
Equity	24,577,550		28,921,048		89,319,867			30,456,605		42,351,562		14,448,353		187,791,714		39,052,236			18,412,722
Long-term Debt	23,543,126		19,943,687		124,432,509			35,986,252		42,995,880		25,825,320		273,801,292		51,769,961			15,195,506
Other Liabilities	8,277,441		10,229,284		23,463,321			15,915,494		12,651,119		3,130,579		126,450,809		11,615,144			5,513,953
Total Equity and Liabilities	$	56,398,117	$	59,094,019	$	237,215,697		$	82,358,351	$	97,998,561	$	43,404,252	$	588,043,815	$	102,437,341		$	39,122,181
2002
ASSETS
Total Utility Plant(1)	$	51,779,167	$	53,569,461	$	215,691,058		$	80,288,331	$	96,560,501	$	45,788,849	$	487,185,744	$	94,351,610		$	38,845,304
Depreciation	10,588,438		10,347,814		35,314,094			20,820,500		23,242,913		10,957,510		84,213,904		16,456,328			11,148,364
Net Plant	41,190,729		43,221,647		180,376,964			59,467,831		73,317,588		34,831,339		402,971,840		77,895,282			27,696,940
Other Assets	14,353,051		13,894,173		41,955,089			15,391,886		23,976,563		7,494,033		132,631,656		21,831,700			11,260,060
Total Assets	$	55,543,780	$	57,115,820	$	222,332,053		$	74,859,717	$	97,294,151	$	42,325,372	$	535,603,496	$	99,726,982		$	38,957,000
EQUITY & LIABILITIES
Equity	23,651,037		28,866,445		84,565,325			29,495,604		41,255,746		13,892,800		177,693,441		35,323,678			17,740,103
Long-term Debt	24,227,115		20,798,223		110,763,156			25,782,355		44,469,146		26,599,390		241,000,489		53,249,228			16,142,532
Other Liabilities	7,665,628		7,451,152		27,003,572			19,581,758		11,569,259		1,833,182		116,909,566		11,154,076			5,074,365
Total Equity and liabilities	$	55,543,780	$	57,115,820	$	222,332,053		$	74,859,717	$	97,294,151	$	42,325,372	$	535,603,496	$	99,726,982		$	38,957,000

			Slash		Snapping					Three		Tri-		Upson								MEMBER
	Sawnee		Pine		Shoals		Sumter			Notch		County		County		Walton			Washington			TOTAL
2004
ASSETS
Total Utility Plant(1)	$	352,085,395	$	23,086,878	$	170,433,289		$	71,099,213	$	41,680,407	$	65,646,559	$	19,725,428	$	2			$	58,262,529	$	4,291,004,475
Depreciation	58,531,205		5,424,813		47,350,741			17,299,410		10,004,261		10,976,469		4,887,123		72,050,413				16,948,085		981,222,531
Net Plant	293,554,190		17,662,065		123,082,548			53,799,803		31,676,146		54,670,090		14,838,305		(72,050,411		)		41,314,444		3,309,781,944
Other Assets	76,887,769		5,754,316		35,386,034			14,587,733		13,140,423		11,571,856		6,291,232		441,902,278				20,387,339		1,560,103,336
Total Assets	$	370,441,959	$	23,416,381	$	158,468,582		$	68,387,536	$	44,816,569	$	66,241,946	$	21,129,537	$	369,851,867			$	61,701,783	$	4,869,885,280
EQUITY & LIABILITIES
Equity	115,789,799		8,962,920		65,734,310			29,686,696		18,294,619		22,213,362		11,960,685		132,737,394				31,348,750		1,849,172,607
Long-term Debt	195,522,020		11,851,159		61,790,776			30,673,985		20,612,436		35,364,429		6,636,804		185,347,924				24,981,374		2,210,821,851
Other Liabilities	59,130,140		2,602,302		30,943,496			8,026,855		5,909,514		8,664,155		2,532,048		51,766,549				5,371,659		809,890,822
Total Equity and Liabilities	$	370,441,959	$	23,416,381	$	158,468,582		$	68,387,536	$	44,816,569	$	66,241,946	$	21,129,537	$	369,851,867			$	61,701,783	$	4,869,885,280
2003
ASSETS
Total Utility Plant(1)	$	335,467,507	$	22,159,717	$	160,752,200		$	66,973,767	$	40,585,477	$	61,451,844	$	18,784,354	$	245,835,697			$	55,420,703	$	4,248,866,253
Depreciation	53,847,698		5,059,780		43,260,805			16,403,788		9,137,492		9,985,611		4,451,555		67,105,505				16,122,359		883,381,209
Net Plant	281,619,809		17,099,937		117,491,395			50,569,979		31,447,985		51,466,233		14,332,799		178,730,192				39,298,344		3,365,485,044
Other Assets	87,263,903		4,990,002		39,980,345			12,383,872		13,642,563		9,561,396		6,288,261		191,100,176				20,616,657		1,239,860,654
Total Assets	$	368,883,712	$	22,089,939	$	157,471,740		$	62,953,851	$	45,090,548	$	61,027,629	$	20,621,060	$	369,830,368			$	59,915,001	$	4,605,345,698
EQUITY & LIABILITIES
Equity	111,319,092		8,909,662		61,485,006			29,321,713		18,003,254		21,432,539		11,398,029		128,547,010				29,907,473		1,750,326,652
Long-term Debt	201,864,600		10,451,768		67,174,569			28,112,279		19,127,736		32,787,580		6,987,358		194,828,188				24,906,176		2,124,229,510
Other Liabilities	55,700,020		2,728,509		28,812,165			5,519,859		7,959,558		6,807,510		2,235,673		46,455,170				5,101,352		730,789,536
Total Equity and Liabilities	$	368,883,712	$	22,089,939	$	157,471,740		$	62,953,851	$	45,090,548	$	61,027,629	$	20,621,060	$	369,830,368			$	59,915,001	$	4,605,345,698
2002
ASSETS
Total Utility Plant(1)	$	319,992,429	$	21,126,968	$	156,000,867		$	65,624,481	$	39,177,306	$	57,565,619	$	17,858,104	$	233,783,149			$	52,546,038	$	4,032,888,041
Depreciation	48,979,889		4,728,666		43,580,826			16,595,357		8,463,287		9,405,117		4,211,499		61,827,097				15,020,972		821,091,187
Net Plant	271,012,540		16,398,302		112,420,041			49,029,124		30,714,019		48,160,502		13,646,605		171,956,052				37,525,066		3,211,796,854
Other Assets	68,684,748		5,041,406		41,802,759			13,132,878		10,748,037		9,201,915		5,968,127		197,532,005				17,309,438		1,141,244,342
Total Assets	$	339,697,288	$	21,439,708	$	154,222,800		$	62,162,002	$	41,462,056	$	57,362,417	$	19,614,732	$	369,488,057			$	54,834,504	$	4,353,041,196
EQUITY & LIABILITIES
Equity	103,261,764		8,921,995		56,445,272			26,974,225		17,589,082		20,812,244		10,648,869		124,507,591				28,804,843		1,657,236,167
Long-term Debt	189,411,290		10,071,081		69,638,576			29,285,642		19,803,224		25,287,012		6,993,594		203,476,404				21,571,759		2,047,694,156
Other Liabilities	47,024,234		2,446,632		28,138,952			5,902,135		4,069,750		11,263,161		1,972,269		41,504,062				4,457,902		648,110,873
Total Equity and Liabilities	$	339,697,288	$	21,439,708	$	154,222,800		$	62,162,002	$	41,462,056	$	57,362,417	$	19,614,732	$	369,488,057			$	54,834,504	$	4,353,041,196