On the Record · Oglethorpe Power

Oglethorpe Power acquisitions, on the record

The businesses Oglethorpe Power bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Walton facility Word for word“The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2024.” 10-K for 2023	agreed acquisition	expected to close in the second quarter of 2024	—
Baconton Power Plant, one generating unit, from Baconton Power, LLC Word for word“The purchase price was $ 16,743,000 and the acquisition also included other transaction costs of approximately $ 746,000 (consisting primarily of legal and professional services).” 10-K for 2023	acquisition	—	The purchase price was $ 16,743,000
Scherer Unit No. 2 (60% undivided ownership interest, sold to four owner trusts and leased back) Word for word“In 1985, in four transactions, we sold our entire 60% undivided ownership interest in Scherer Unit No. 2 to four separate owner trusts established by investors and then leased back the 60% interest.” 10-K for 2023	divestiture	In 1985	—
Walton County Power, LLC (owner of the Walton County Power Plant), from Mackinaw Power, LLC, an affiliate of the Carlyle Group, Inc. Word for word“On June 28, 2024, we acquired Walton County Power, LLC, which owns the Walton County Power Plant, located near Monroe, Georgia, from Mackinaw Power, LLC, an affiliate of the Carlyle Group, Inc.” 10-K for 2024	acquisition	June 28, 2024	—
Walton County Power, LLC (eliminated; facility taken into direct ownership) Word for word“In October 2024, we assumed direct ownership of the facility and eliminated Walton County Power, LLC.” 10-K for 2024	acquisition	October 2024	—
Undivided 60% ownership interest in Scherer Unit No. 2, sold to four owner trusts and leased back Word for word“In 1985, in four transactions, we sold our entire 60% undivided ownership interest in Scherer Unit No. 2 to four separate owner trusts established by investors and then leased back the 60% interest.” 10-K for 2024	divestiture	1985	—
Walton County Power Plant Word for word“In 2025, depreciation expense increased by $ 20,065,000 compared to 2024 primarily due to a full year of operating Plant Vogtle Unit No. 4 and Walton County, which was acquired in 2024.” 10-K for 2025	acquisition	2024	—
two units at the Washington County Power Plant Word for word“In 2024 and 2023, we recognized capacity revenues from non-members related to a tolling agreement associated with the two units we acquired at the Washington County Power Plant in 2022.” 10-K for 2025	acquisition	2022	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2019-12-31	$0
2020-12-31	$0
2021-12-31	$233.2 million
2022-12-31	$86.8 million
2023-12-31	$16.7 million
2024-12-31	$75.2 million
2025-12-31	$0

Deal filings since 2016

2026-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-04-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-09-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-07-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-01-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Oglethorpe Power’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.