Oglethorpe dedicates Georgia hydroelectric site
Oglethorpe Power Corp. has formally dedicated its Rocky Mountain Hydroelectric Plant in northwestern Floyd County, Ga. The $1 billion plant, which began commercial operation this summer, is capable of generating more than 800 MW of electric power. Oglethorpe will own 75 percent of the plant and will serve as plant operator. Georgia Power Co. will own the remaining 25 percent.
Tom D. Kilgore, Oglethorpe president and CEO, said the plant is a significant ste¥in the corporation`s position for the future. “This plant will be an important source for meeting Georgia`s energy needs as the population and summer demand for electricity continue to grow in the future,” he said. The plant employs 50 workers and is expected to generate approximately $7 million in local property taxes annually.