
For many years, the electric cooperatives in Georgia independently purchased all of their power at wholesale rates.
The oil embargo, a depressed economy, heavy government regulations, and a steady climb in electricity usage combined to make power costs skyrocket.
Georgia's electric cooperatives decided they needed to take charge of their future by obtaining power to meet customer demand at reasonable costs. With a $5 membership fee, they laid the groundwork for Oglethorpe Electric, a generation and transmission cooperative, to develop its own power supply and transmission resources.
Through the creation of Oglethorpe Electric, a not-for-profit cooperative owned by the EMCs, they were able to plan for the EMCs' future growth and better control costs.
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