OGLETHORPE POWER CORP 8K

Oglethorpe Power Corporation reported on major upcoming generation capital projects and related RUS-backed financing, including a new $3.3 billion conditional loan commitment for the Smarr combined-cycle plant and a completed 0% New ERA refinancing of stranded Wansley coal debt, along with updated financial and liquidity information for the second quarter of 2026.

Oglethorpe Power Corporation furnished a second quarter 2026 investor briefing outlining the status and financing of several large new generation projects, including the 1,425 MW Smarr combined-cycle plant, the Talbot Unit 7 combustion turbine, a 75 MW battery storage program, and additional 2032–2033 gas-fired units, together representing an estimated $6.6–$7.2 billion of capital spending through 2033. The presentation discloses that on August 6, 2026, Oglethorpe received a conditional commitment from the Rural Utilities Service (RUS) for a $3.3 billion loan to finance the Smarr CC project, and that it has roughly $3.8 billion of RUS loan applications already on file for 2029 projects, with further applications for 2030s resources anticipated. Oglethorpe also describes its plan to arrange additional interim liquidity, including an amendment and extension of its existing $1.275 billion syndicated bank credit facility and potential issuance of long-term first mortgage bonds to cover costs not funded by RUS. Additionally, the briefing details completion of a RUS New ERA 0% refinancing of approximately $300 million in stranded Wansley coal plant debt, expected to generate over $150 million in net present value savings to members, and provides updated financial statements, leverage and equity ratios, liquidity metrics, and portfolio/operations data through June 30, 2026.

Filing Facts

CIK

788816

Ticker

-

Form

8K

Source Type

sec

Accession

0000788816-26-000050

Alert Tier

6