# EDGAR Filing Document

**Accession Number:** 0000788816
**File Stem:** 0000788816-26-000035
**Filing Date:** 2026-6
**Character Count:** 16269
**Document Hash:** c029cb1d9ce0ad7b35ee0c25fb04d929
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000788816-26-000035.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000788816-26-000035

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260526

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OGLETHORPE POWER CORP
- **CENTRAL INDEX KEY:** 0000788816
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 581211925
- **STATE OF INCORPORATION:** GA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-53908
- **FILM NUMBER:** 261051633

**BUSINESS ADDRESS:**
- **STREET 1:** 2100 EAST EXCHANGE PL
- **STREET 2:** P O BOX 1349
- **CITY:** TUCKER
- **STATE:** GA
- **ZIP:** 30085-1349
- **BUSINESS PHONE:** 4042707600

?xml version='1.0' encoding='ASCII'? opc-20260526

**UNITED STATES&nbsp;&nbsp;&nbsp;&nbsp;**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

<u>__________________________</u>

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

<u>Date of Report (Date of earliest event reported): May 26, 2026</u>

**Oglethorpe Power Corporation**

**(An Electric Membership Corporation)**

(Exact name of Registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Georgia**<br>(State of incorporation) | **333-192954**<br>(Commission File Number) | **58-1211925**<br>(I.R.S. Employer<br>Identification No.) |
| **2100 East Exchange Place**<br>**Tucker, Georgia**<br>(Address of principal executive offices) | **2100 East Exchange Place**<br>**Tucker, Georgia**<br>(Address of principal executive offices) | <br>**30084-5336**<br>(Zip Code) |

---

Registrant's telephone number, including area code **(770) 270-7600**<br>

**None**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

Securities registered pursuant to section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading Symbol(s)** | **Name of each exchange on which registered:** |
| None | N/A | N/A |

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**Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;Other Events** 

On May 26, 2026, notice was provided to the registered holders that on June 29, 2026 we will redeem (i) the total $250 million aggregate principal amount of our 4.550% First Mortgage Bonds, Series 2014 A due 2044 and (ii) an aggregate principal amount of $47.8 million of our 5.534% First Mortgage Bonds, Series 2006 due 2035. Based on current U.S. Treasury yields and the applicable make-whole redemption price provisions, we expect that the Series 2014A Bonds will be redeemed at par plus accrued interest to the redemption date and that the Series 2006 Bonds will be redeemed at par plus a make-whole amount, each as determined in accordance with the supplemental indenture related to the respective series of bonds. Copies of the redemption notices are attached as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference into this Item 8.01.

The aggregate principal amount of the bonds being redeemed is equal to the amount on the redemption date of the regulatory asset we established in connection with the retirement of the Hal B. Wansley coal plant. The bonds are being redeemed in connection with the refinancing thereof with proceeds from our previously disclosed zero-interest loan from the Rural Utilities Service under its Empowering Rural America (New ERA) program established under the Inflation Reduction Act of 2022, which closed on May 12, 2026. Proceeds from this loan will be used to refinance the principal amount of the bonds to be redeemed and to finance the related make-whole redemption premium. We intend to issue commercial paper as a temporary bridge for the refinancing until the loan advance is received. This refinancing will result in interest expense savings that we will pass on to our members.

**Cautionary Note Regarding Forward-Looking Statements** 

Certain statements made in this Form 8-K are forward-looking. Such statements are based on certain assumptions regarding future business and financial performance, describe our future plans, strategies and expectations are generally identified by our use of words such as "intend," "plan," "may," "should," "will," "expects" and similar expressions. Although we believe that the expectations reflected in such statements are based on reasonable assumptions, actual results and performance could materially differ. Information regarding the factors which could cause actual results to materially differ is included in our annual and quarterly reports previously filed with the SEC. Except as required by law, we undertake no obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date on which the statement is made.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

(d) Exhibits

<u>Exhibit No.</u> <u>Description</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 <u>[Redemption Notice for Oglethorpe Power Corporation's 4.550% First Mortgage Bonds, Series 2014 A due 2044.](exhibit991-noticeofredem.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.2 <u>[Partial Redemption Notice for Oglethorpe Power Corporation's 5.534% First Mortgage Bonds, Series 2006 due 2035.](exhibit992-noticeofredem.htm)</u>

104 Cover Page Interactive Data File, formatted in Inline XBRL.

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**SIGNATURE**

&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | **OGLETHORPE POWER CORPORATION** | **OGLETHORPE POWER CORPORATION** |
| | | **(AN ELECTRIC MEMBERSHIP CORPORATION)** | **(AN ELECTRIC MEMBERSHIP CORPORATION)** |
| Date: | June 1, 2026 | By: | /s/ Annalisa M. Bloodworth |
|  |  |  | Annalisa M. Bloodworth |
|  |  |  | President and Chief Executive Officer |

---

## Exhibit 99.1

![](exhibit991-noticeofredem001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit 99.1 NOTICE OF REDEMPTION TO THE HOLDERS OF THE 4.550% First Mortgage Bonds, Series 2014 A due 2044 of Oglethorpe Power Corporation (CUSIP No. 677050 AK2)\* Redemption Date: June 29, 2026 Notice is hereby given to the registered holders of the above-captioned bonds (the "Series 2014 A Bonds") of Oglethorpe Power Corporation (An Electric Membership Corporation) (the "Company") that pursuant to Section 14.4 of the Indenture dated as of March 1, 1997 (the "Base Indenture"), between the Company, and U.S. Bank Trust Company, National Association, as successor trustee (the "Trustee), and Section 2.2 of the Sixty-Eighth Supplemental Indenture dated as of June 1, 2014 (the "Sixty-Eighth Supplemental Indenture," and together with the Base Indenture, the "Indenture"), that the Company is electing to exercise its option to redeem all issued and outstanding 2014 A Bonds on June 29, 2026 (the "Redemption Date"). The redemption price for the Series 2014 A Bonds will be equal to the greater of (a) 100% of the principal amount of the Series 2014 A Bonds being redeemed, and (b) the sum of the present values of the remaining principal and interest payments on the Series 2014 A Bonds being redeemed (excluding interest accrued and unpaid through the Redemption Date), discounted on a semi- annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of (x) the yield to maturity, determined on the third Business Day prior to the Redemption Date, of a U.S. Treasury security having a life equal to the remaining average life of the maturity of the Series 2014 A Bonds being redeemed and trading in the secondary market at the price closest to par, and (y) 20 basis points, plus in each case accrued and unpaid interest thereon to but excluding the Redemption Date (the "Redemption Price"). On the Redemption Date, the Redemption Price will become due and payable to the Holders of the Series 2014 A Bonds that are redeemed. Interest on the principal amount of the Series 2014 A Bonds that are redeemed will cease to accrue on and after the Redemption Date. As of the date of this notice, the Company has not deposited sufficient funds with the Trustee to pay the full Redemption Price. If the Company fails to deposit such funds by 2:00 p.m. New York City Time on the Redemption Date, the Series 2014A Bonds will remain Outstanding as though no redemption notice had been given. The Series 2014 A Bonds held in book-entry form will be redeemed and the Redemption Price will be paid in accordance with the applicable procedures of The Depository Trust Company. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Indenture.

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![](exhibit991-noticeofredem002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Questions relating to this notice of redemption should be directed to U.S. Bank Trust Company, National Association as Trustee via telephone at 1-800-934-6802. Payment of the Redemption Price to the Holders will be made upon presentation and surrender of the Series 2014 A Bonds in the following manner: If by Mail, Hand or Overnight Mail: U.S. Bank Trust Company, National Association Global Corporate Trust 111 Fillmore Avenue E. St. Paul, MN 55107 Dated: May 26, 2026 By: U.S. Bank Trust Company, National Association, as Trustee IMPORTANT NOTICE Under federal law, the Trustee may be required to withhold taxes at the applicable rate from the payment if an IRS Form W-9 or an appropriate Form W-8 is not provided. Please visit www.irs.gov for additional information on the tax forms and instructions. Holders should consult their tax advisors regarding the withholding and other tax consequences of the redemption. \*The CUSIP number has been assigned to this issue by organizations not affiliated with the Company or the Trustee and is included solely for the convenience of the Holders. Neither the Company nor the Trustee shall be responsible for the selection or use of this CUSIP number, nor is any representation made as to the correctness or accuracy of the same on the Series 2014 A Bonds or as indicated in this Notice of Redemption.

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## Exhibit 99.2

![](exhibit992-noticeofredem001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit 99.2 NOTICE OF PARTIAL REDEMPTION TO THE HOLDERS OF THE 5.534% First Mortgage Bonds, Series 2006 due 2035 of Oglethorpe Power Corporation (CUSIP No. 67704L AA9)\* Redemption Amount: $47,800,000 Redemption Date: June 29, 2026 Notice is hereby given to the registered holders of the above-captioned bonds (the "Series 2006 Bonds") of Oglethorpe Power Corporation (An Electric Membership Corporation) (the "Company") that pursuant to Section 14.4 of the Indenture dated as of March 1, 1997 (the "Base Indenture"), between the Company, and U.S. Bank Trust Company, National Association, as successor trustee (the "Trustee), and Section 2.3 of the Thirty-Fifth Supplemental Indenture dated as of October 1, 2006 (the "Thirty-Fifth Supplemental Indenture," and together with the Base Indenture, the "Indenture"), that the Company is electing to exercise its option to effect a partial redemption of the Series 2006 Bonds. Of the $300,000,000 Series 2006 Bonds outstanding on the date of this notice, the Company will redeem an aggregate principal amount of $47,800,000 of the Series 2006 Bonds (the "Redeemed Bonds") on June 29, 2026 (the "Redemption Date"). The redemption price for the Redeemed Bonds will be equal to the greater of (a) 100% of the principal amount of the Redeemed Bonds plus interest accrued through the Redemption Date but not yet due and payable, and (b) the sum of the present values of the remaining principal and interest payments on the Redeemed Bonds, discounted on a semi-annual basis (assuming a 360- day year consisting of twelve 30-day months) at a rate equal to the sum of (1) the yield to maturity, determined on the third Business Day prior to the Redemption Date, of the U.S. Treasury security having a life equal to the remaining average life of the maturity of the Redeemed Bonds and trading in the secondary market at the price closest to par, and (2) 12.5 basis points, plus in each case interest due and payable but unpaid on the Redeemed Bonds (the "Redemption Price"). On the Redemption Date, the Redemption Price will become due and payable to the Holders of the Redeemed Bonds. Interest on the $47,800,000 in principal amount of the Redeemed Bonds will cease to accrue on and after the Redemption Date. As of the date of this notice, the Company has not deposited sufficient funds with the Trustee to pay the full Redemption Price. If the Company fails to deposit such funds by 2:00 p.m. New York City Time on the Redemption Date, all Series 2006 Bonds will remain Outstanding as though no redemption notice had been given. The Redeemed Bonds held in book-entry form will be redeemed and the Redemption Price will be paid in accordance with the applicable procedures of The Depository Trust Company. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Indenture.

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![](exhibit992-noticeofredem002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Questions relating to this notice of redemption should be directed to U.S. Bank Trust Company, National Association as Trustee via telephone at 1-800-934-6802. Payment of the Redemption Price to the Holders will be made upon presentation and surrender of the Redeemed Bonds in the following manner: If by Mail, Hand or Overnight Mail: U.S. Bank Trust Company, National Association Global Corporate Trust 111 Fillmore Avenue E. St. Paul, MN 55107 Dated: May 26, 2026 By: U.S. Bank Trust Company, National Association, as Trustee IMPORTANT NOTICE Under federal law, the Trustee may be required to withhold taxes at the applicable rate from the payment if an IRS Form W-9 or an appropriate Form W-8 is not provided. Please visit www.irs.gov for additional information on the tax forms and instructions. Holders should consult their tax advisors regarding the withholding and other tax consequences of the redemption. \*The CUSIP number has been assigned to this issue by organizations not affiliated with the Company or the Trustee and is included solely for the convenience of the Holders. Neither the Company nor the Trustee shall be responsible for the selection or use of this CUSIP number, nor is any representation made as to the correctness or accuracy of the same on the Series 2006 Bonds or as indicated in this Notice of Partial Redemption.

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