Oglethorpe plans $2.1B investment in new energy generation facilities in Georgia

The Economic Development and Tourism meeting held on April 1, 2025, in Georgia focused on the state's ongoing growth and the infrastructure needed to support it. The discussions highlighted the importance of maintaining a robust energy supply to accommodate the increasing demand from businesses and residents.

One key point raised was the necessity for the state to stay ahead of the curve in resource development. Officials emphasized that forecasts for energy needs do not account for speculative loads or those currently under contract, which could significantly impact future planning.

The meeting also noted Georgia's recognition as the best state in the nation for business over the past eleven years, attributed to a stable political environment and affordable energy prices. In response to this growth, Electric Membership Corporations (EMCs) have initiated significant investments in new facilities. Notably, Oglethorpe Power Corporation is set to invest approximately $2.1 billion in two new generation assets located in Monroe and Talbot Counties, adding to its existing 16 facilities that serve 38 EMCs across the state.

A critical aspect of the discussion was the Integrated Transmission System (ITS), a unique high-voltage transmission network co-owned by major utility entities in Georgia. Spanning 18,000 miles, this system is designed to efficiently deliver power from generation facilities to consumers while minimizing redundancy and keeping costs low. The ITS also plays a vital role in economic development by allowing companies to choose their power sources, thereby enhancing competition and service options.

Overall, the meeting underscored the importance of strategic planning and investment in energy infrastructure to support Georgia's continued economic growth and to ensure that the state remains an attractive destination for businesses.