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.
Fuel load into the Vogtle Unit 3 reactor core has begun at Plant Vogtle. The fuel load process marks a historic and pivotal milestone toward startup and commercial operation of the first new nuclear units to be built in the U.S. in more than three decades.
The start of Unit 3 fuel load comes after Southern Nuclear received a historic 103(g) finding from the Nuclear Regulatory Commission (NRC) in August which signified that the new unit has been constructed and will be operated in conformance with the Combined License and NRC regulations.
During fuel load, nuclear technicians and operators from Westinghouse and Southern Nuclear are scheduled to safely transfer 157 fuel assemblies one-by-one from the Unit 3 spent fuel pool to the Unit 3 reactor core in the coming days.
Startup testing will begin next and is designed to demonstrate the integrated operation of the primary coolant system and steam supply system at design temperature and pressure with fuel inside the reactor. Operators will also bring the plant from cold shutdown to initial criticality, synchronize the unit to the electric grid and systematically raise power to 100%. Vogtle Unit 3 is projected to enter service in the first quarter of 2023.
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On September 29, 2022, Georgia Power Company ( “Georgia Power”) reached an agreement (the “Settlement”) with the Municipal Electric Authority of Georgia and certain of its subsidiaries (collectively, “MEAG Power”) to resolve its dispute with
MEAG Power regarding the proper interpretation of the cost-sharing and tender provisions of the joint ownership agreements relating to Plant Vogtle Units 3 and 4 (the “Vogtle Joint Ownership Agreements”).
Under the terms of the Settlement, among other items, (i) MEAG Power will not exercise the tender option and will retain its full ownership interest in Plant Vogtle Units 3 and 4, (ii) Georgia Power will pay a portion of MEAG Power’s costs of construction for Plant Vogtle Units 3 and 4 as such costs are incurred and with no further adjustment for force majeure costs, which payments will be in an aggregate amount of approximately $76 million based on the current project capital cost forecast, and (iii) Georgia Power will pay 20% of MEAG Power’s costs of construction with respect to any amounts above the current project capital cost forecast, with no further adjustment for force majeure costs.
In addition, MEAG Power and Georgia Power agreed to dismiss the pending litigation described above, including Georgia Power’s counterclaims.
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MEAG POWER PRESS RELEASE
Media Contact: John Marsh, Corporate Communications Manager: jmarsh@meagpower.org
ATLANTA – June 21, 2022 – On June 18, 2022, the Municipal Electric Authority of Georgia (MEAG Power) and its wholly owned subsidiaries, MEAG Power SPVJ, LLC, MEAG Power SPVM, LLC and MEAG Power SPVP, LLC (Vogtle Units 3&4 Project Entities), filed suit in the Superior Court of Fulton County, Georgia, against Georgia Power Company (GPC) in connection with a disagreement regarding an increase in GPC’s construction cost responsibility under the Plant Alvin W. Vogtle Units 3 and 4 (Vogtle Units 3&4) ownership arrangements and the right of each of the Vogtle Units 3&4 Project Entities to tender a portion of its ownership interest in the project.
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Senior Vice President and Chief Financial Officer
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