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2019 Annual Report

About MEAG Power

Our Organization

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.

Financial Highlights

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
  1. 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.
  2. Participants purchase hydro energy directly from the Southeastern Power Administration (SEPA). Such energy is included in these calculations.
  3. Funds from the Municipal Competitive Trust were applied to lower the Participants' annual generation billings for the years ending 2018 and 2017.
  4. Excludes SEPA capacity, which is purchased by the Participants, and capacity purchased by MEAG Power from others.

Our Participants

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:

  • 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