Oglethorpe Power plans $200 million to $250 million issue of bonds

By Angela McDaniels

Tacoma, Wash., March 28 - Oglethorpe Power Corp. expects to issue $200 million to $250 million of taxable bonds, according to an investor presentation filed with the Securities and Exchange Commission.

Looking further ahead, the company also plans to issue $100 million of first mortgage bonds in 2019 to help finance the cost of constructing two additional nuclear units at Plant Vogtle.

The company is participating in 30% of the construction of the two additional units. The total expected cost to the company is estimated at $4.5 billion. As of Dec. 31, the company's total investment was $2.1 billion.

The electric supply cooperative is based in Tucker, Ga.

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