<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from Oglethorpe Power Corporation's balance sheet as of December 31, 1994 and related statements of revenues and expenses and cash flows for the period ended December 31, 1994 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <BOOK-VALUE> PER-BOOK<F1> <TOTAL-NET-UTILITY-PLANT> 4,519,228 <OTHER-PROPERTY-AND-INVEST> 140,698 <TOTAL-CURRENT-ASSETS> 391,573 <TOTAL-DEFERRED-CHARGES> 296,956 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 5,348,455 <COMMON> 0 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 309,496 <TOTAL-COMMON-STOCKHOLDERS-EQ> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 4,128,080 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 90,086 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 303,749 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 517,044 <TOT-CAPITALIZATION-AND-LIAB> 5,348,455 <GROSS-OPERATING-REVENUE> 1,056,082 <INCOME-TAX-EXPENSE> 0 <OTHER-OPERATING-EXPENSES> 768,675 <TOTAL-OPERATING-EXPENSES> 768,675 <OPERATING-INCOME-LOSS> 287,407 <OTHER-INCOME-NET> 40,795 <INCOME-BEFORE-INTEREST-EXPEN> 328,202 <TOTAL-INTEREST-EXPENSE> 305,120 <NET-INCOME> 23,082 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 0 <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 63,051 <CASH-FLOW-OPERATIONS> 109,955 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> $309,496 represents total retained patronage capital. The Registrant is a membership corporation and has no authorized or outstanding equity securities. </FN>