Press Release

MEAG Power Announces Potential Refunding of its Combined Cycle Project Debt

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October 28, 2020

Press Release


Media Contact: John Marsh, Communications Manager: jmarsh@meagpower.org; 770-563-0326

MEAG Power announced today that, subject to satisfactory market conditions, it anticipates coming to market with the refunding of certain of its Combined Cycle Project debt before the end of this year to achieve debt service savings. Wells Fargo Bank, N.A., will serve as lead book runner for the transaction.

MEAG Power regularly explores financing and refinancing opportunities to achieve debt service and related savings for itself and its Participants.

About MEAG Power

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 and operate their local electric distribution systems. MEAG Power also monitors and advocates on energy issues at the state and federal levels on behalf of its Participants.