Learn about MEAG Power, including Featured News, Key Projects, and The Team.
The Municipal Electric Authority of Georgia (MEAG Power) is a nonprofit, statewide generation and transmission organization. Recognized as one of the leading joint action agencies in the country, MEAG Power is among the top public power companies nationwide in terms of annual net generation, megawatt-hour sales and electric revenue. Its diverse, clean energy portfolio – delivering 67% emissions-free energy in 2019 – compares favorably with both the state and national averages. Created by the Georgia General Assembly in 1975, MEAG Power provides reliable, competitive wholesale electricity to its 49 member communities (Participants), who own their local distribution systems, through take-or-pay contracts. MEAG Power also monitors and advocates on energy issues at the state and federal levels on behalf of its Participants.
MEAG Power has more than $11 billion in assets and delivered 10.8 million MWh of electricity in 2019 through a generation fleet with a capacity of more than 2,000 MW. MEAG Power owns more than 1,300 miles of high-voltage transmission lines and nearly 200 substations. Its generation fleet includes co-ownership of two nuclear and two coal-fired generating plants and sole ownership of a natural gas combined cycle facility. MEAG Power is also a co-owner of the new nuclear Plant Vogtle Units 3&4, estimated to come online in 2021 and 2022.
Our Projects
Project One, established and financed under the Power Revenue Bond Resolution, consists of undivided ownership interests in nine generating units, separately owned transmission facilities and working capital.
Projects Two, Three and Four (the General Resolution Projects), established and financed under the General Power Revenue Bond Resolution, consist of additional undivided ownership interests in seven generating units.
The Combined Cycle Project, established and financed under the Combined Cycle Project Bond Resolution, consists of ownership in Wansley Unit 9 and includes two combustion turbines, two supplementary fired heat recovery steam generators, and one steam turbine.
MEAG Power also has an ownership interest, through the Vogtle Units 3&4 Project Entities M (off-taker is MEAG Power Participants), J (off-takers are JEA and MEAG Power Participants), and P (off-takers are PowerSouth Energy Cooperative and MEAG Power Participants), in two additional nuclear generating units under construction at Plant Vogtle, Units 3 and 4, which are estimated to come online in 2021 and 2022.
Our Participants
Acworth, Adel, Albany, Barnesville, Blakely, Brinson, Buford, Cairo, Calhoun, Camilla, Cartersville, College Park, Commerce, Covington, Crisp County, Doerun, Douglas, East Point, Elberton, Ellaville, Fairburn, Fitzgerald, Forsyth, Fort Valley, Grantville, Griffin, Hogansville, Jackson, LaFayette, LaGrange, Lawrenceville, Mansfield, Marietta, Monroe, Monticello, Moultrie, Newnan, Norcross, Oxford, Palmetto, Quitman, Sandersville, Sylvania, Sylvester, Thomaston, Thomasville, Washington, West Point, Whigham.
For more information about MEAG Power, visit www.meagpower.org.
Vogtle Unit 3 plant systems have successfully reached normal operating pressure and temperature during hot functional testing. Over the next several weeks, plant systems will continue to be tested at normal operating pressure and temperature.
Hot functional testing started on April 25 and marks the last series of major tests for the new nuclear unit ahead of fuel load. The testing represents a significant step towards operations and providing customers with a reliable, carbon-free energy source for the next 60 to 80 years.
Hot functional testing is conducted to verify the successful operation of reactor components and systems together and confirm the reactor is ready for fuel load. As part of the testing, the site team is currently running Unit 3 plant systems at normal operating pressure and temperature without nuclear fuel.
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New York, June 21, 2021 -- Moody's Investors Service has assigned an A2 rating to the Municipal Electric Authority of Georgia's (MEAG Power) planned issuance of approximately $70 million of Plant Vogtle Units 3&4 Project M Bonds, Series 2021A. The bonds are expected to be issued in July 2021, but the actual amount of issuance could change subject to market conditions. The Series 2021A bonds will rank pari passu with about $1.43 billion of MEAG Power's other Project M revenue bonds which are also rated A2 and $687 million of DOE Guaranteed Loans outstanding at May 31, 2021. The rating outlook is stable.
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New York, June 21, 2021 -- Moody's Investors Service has assigned a Baa1 rating to the Municipal Electric Authority of Georgia's (MEAG Power) planned issuance of approximately $135 million of Plant Vogtle Units 3&4 Project J Bonds, Series 2021A. The bonds are expected to be issued in July 2021, but the actual amount of issuance could change subject to market conditions. The Series 2021A bonds will rank pari passu with about $1.95 billion of MEAG Power's other Project J revenue bonds which are also rated Baa1 and about $672 million of DOE Guaranteed Loans outstanding at May 31, 2021. The outlook is positive.
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