About MEAG Power
The Municipal Electric Authority of Georgia (MEAG Power) is a non-profit public corporation that was chartered by the Georgia General Assembly in 1975. MEAG Power generates and transmits reliable, competitively priced wholesale electric power to 49 public power communities across the state.
|Three-Year Summary of Selected Financial and Operating Data (Dollars in thousands)||2019||2018||2017|
|Total revenues||2019: $648,904||2018: $681,328||2017: $623,574|
|Total assets and deferred outflows of resources||2019: $11,145,798||2018: $9,024,019||2017: $8,996,764|
|Property, plant and equipment, net||2019: $6,550,662||2018: $5,690,057||2017: $4,910,870|
|Debt outstanding (excluding defeased bonds)||2019: $8,499,698||2018: $6,662,341||2017: $6,781,075|
|Weighted average interest cost(1)||2019: 4.24%||2018: 4.22%||2017: 4.11%|
|Total delivered energy to MEAG Power Participants (MWh)(2)||2019: 10,811,016||2018: 10,806,130||2017: 10,453,361|
|Cost to MEAG Power Participants (cents per kWh):|
|Total cost(2)(3)||2019: 6.85||2018: 6.76||2017: 6.76|
|Bulk power cost(3)||2019: 6.93||2018: 6.80||2017: 6.69|
|SEPA cost(2)||2019: 5.85||2018: 6.24||2017: 7.80|
|Peak demand (MW)||2019: 2,020||2018: 1,904||2017: 1,884|
|Total nominal generating capacity in service (MW)(4)||2019: 2,069||2018: 2,069||2017: 2,069|
- Excludes the impact of certain net non-operating expense components such as receipts and payments pertaining to interest rate swap agreements, amortization of debt discount and expense, investment income, the net change in the fair value of financial instruments and interest capitalized. The rate is net of subsidies on Build America Bonds.
- Participants purchase hydro energy directly from the Southeastern Power Administration (SEPA). Such energy is included in these calculations.
- Funds from the Municipal Competitive Trust were applied to lower the Participants' annual generation billings for the years ending 2018 and 2017.
- Excludes SEPA capacity, which is purchased by the Participants, and capacity purchased by MEAG Power from others.
Many of the MEAG Power Participant communities have fully integrated public utilities, offering not only reliable, affordable, low-emissions electricity but also natural gas, water and sewer services, and fiber or digital communications connections. Moreover, these MEAG Power communities have: educated, skilled labor; excellent logistics; advantageous development zones; leading-edge industrial parks; and vibrant live, work, play amenities, with dynamic downtowns and myriad community enhancements for an improved quality of life.
MEAG Power communities:
- College Park
- Crisp County
- East Point
- Fort Valley
- West Point