Oglethorpe Power to acquire Effingham County Power from Carlyle-backed Southeast PowerGen.

Oglethorpe Power, an energy producer, agreed to acquire Effingham County Power, a 511 megawatt operating combined-cycle generating and transmission facility, from Carlyle-backed Southeast PowerGen, an electricity generating company. Financial terms were not disclosed. "This acquisition of an existing, low-cost and proven facility in Georgia is a good strategic fit for our power supply portfolio. This facility will help meet a group of our Members' power supply needs as the industry continues to transition and rely more heavily on natural gas and renewables," Elizabeth B. Higgins, Oglethorpe Executive Vice President and CFO.