News Release
Contact: Barry Dillon
Phone: (770) 270-7835
Email: barry.dillon@gatrans.com
Barbara Hampton Rejoins Georgia Transmission as CFO
TUCKER, Ga. -- Roswell resident Barbara Hampton has been selected as senior vice president and chief financial officer of Georgia Transmission Corporation (GTC), a not-for-profit electric company that delivers bulk power over high-energy electric lines to 39 of the state's 42 electric member cooperatives (EMCs).
Ms. Hampton, vice president and chief information officer of Oglethorpe Power Corporation since November 2003, is returning to a company where she worked for 17 years and a position she held for seven years. GTC was created in 1997 when Oglethorpe Power was reorganized into three cooperatives (EMCs): Georgia Transmission Corporation for electric transmission, Oglethorpe Power Corporation for power generation and Georgia System Operations Corporation for operational and business services.
Hampton joined the electric cooperative in 1986 as a staff auditor. As GTC's chief financial officer from 1996 to 2003, she managed finances that included up to $170 million in annual revenue and $1 billion in assets. She played a key role in the restructuring of Oglethorpe Power in 1997. She established GTC's rate structure and tariffs, and she arranged financing for up to $150 million in annual construction.
"Barbara's knowledge of our business and her strong relationships in our financial community will help us maintain low-cost financing," said Mike Smith, GTC president and chief executive officer. "Her strategic leadership will help us remain creative, flexible and responsive when it comes to delivering reliable and cost-effective services to the EMCs."
Ms. Hampton, who resides in Roswell, has a bachelor's degree in accounting from the University of Louisiana at Monroe. She is currently studying for a master's degree at the University of Georgia.
About Georgia Transmission Corporation: Georgia Transmission is one of the nation's few electric transmission-only businesses. The not-for-profit is owned by, and transmits power to, 39 of Georgia's 42 electric membership cooperatives. These 39 EMCs provide electric service to more than 3.8 million consumers. GTC plans, builds and maintains nearly 2,700 miles of electric power lines and 580 substations. The company completes about $100 million in construction each year to keep pace with Georgia's energy demand. Please see www.gatrans.com for more information.
--30--