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Oglethorpe Power completed the acquisition of Walton County from Carlyle-backed Mackinaw Power.

Synopsis

Oglethorpe Power, a company that generates electricity for Georgia's electric membership corporations utilizing a diverse portfolio of nuclear, natural gas, coal and hydroelectric resources, completed the acquisition of Walton County, a 494MW gas-fired power project, from Carlyle-backed Mackinaw Power, a company that develops renewable energy. Financial terms were not disclosed. "As electricity demand continues to grow in Georgia, the advanced technology at Walton County Power will help ensure that we can reliably and affordably meet the increasing power supply needs of our members," Mike Smith, Oglethorpe Power President and CEO.

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