USDA Makes Historic $3.3B Loan to Build Electric Generation Facility in Georgia

Today, U.S. Secretary of Agriculture Brooke L. Rollins announced a historic $3.3 billion loan to Oglethorpe Power Corporation to help finance its Smarr Combined-Cycle electric generating facility in Monroe County, Georgia, during a visit to the construction site. This new facility will deliver dependable, affordable power for generations while helping meet America’s growing energy needs.

This loan is the largest ever delivered in the history of USDA Rural Development’s Rural Utilities Service and comes at a critical time for investing in American energy. As stated...

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