As a member of the EMC, you will receive our newsletter, Powerlines. We provide several ways for you to stay informed about Coweta-Fayette EMC’s progress and to exercise your right to participate in managing what is essentially your business. Our Board of Directors believes that member/owners should receive a portion of this money back when our financial condition permits. Each member has a separate Capital Credit account and is assigned a percentage of these margins based on the amount he/she pays to the Cooperative. These margins, above operating costs, are called Capital Credit. While EMC is a non-profit cooperative, we are required to have some margins to prove that we are a sound business. All three companies are owned by the EMCs and each is governed by its own board. The third and final company is Georgia Systems Corporation, which manages the power plant control rooms and handles the dispatching of power. The second, Georgia Transmission Corporation, handles the transmission of power, including managing high voltage lines and substations. The first, Oglethorpe Power Corporation, is responsible for generating power it also handles marketing and economic development. In 1997, Oglethorpe was divided into three separate companies in order to provide our members with better service at a lower cost. It is also the principal co-owner of the Rocky Mountain Project, a pumped storage hydroelectric facility. Vogtle Nuclear Plant, (60%) Bob Scherer Fossil Plant. This includes 30% undivided interest in the following generating plants: Hal B. It owns 138,000 miles of high voltage transmission lines and has a generating capacity of 2,703 megawatts. Since that time, Oglethorpe has grown into a $5.4 billion corporation. In August, 1974, they established Oglethorpe Power Corporation. As demand increased and wholesale electric power costs skyrocketed, 39 of Georgia’s EMCs, including your EMC decided to join together and go into the generation and transmission business. Our Relationship with Oglethorpe Power CorporationĮMCs were originally established as distribution systems, responsible for purchasing wholesale electricity from power suppliers and then distributing it to member-consumers. Designed to supplement our other emergency teams, they can handle small repairs or arrange for more assistance. Your EMC has also added new emergency trucks, dubbed the “Power Rangers,” which respond to your calls within 45 minutes. Our radio-dispatched trucks utilize the most up-to-date safety devices and equipment for line work, and are available around the clock. We also use the most modern methods to bill for service. To provide you with the most efficient service, EMC maintains a fully stocked warehouse so that construction or repairs can easily be made over our entire system. Our average investment to serve one member (including poles, wire, transformers, etc.) is approximately $2500. Our substation costs can be as high as $450,000, and each meter costs about $30. Most of our investment is in our electric system. With our ability to help all of our members meet their energy needs, the future looks bright for Coweta-Fayette EMC and its partners.Ĭoweta-Fayette Electric Membership Corporation has the best electric system that money, skill, and devotion can provide. However, we’re constantly investing in new technology and conducting groundbreaking research because we’re also preparing for a sound future. The Cooperative is financed by loans from the National Rural Utilities Finance Corporation (CFC), the Rural Electrification Administration (REA), and paid-in capital from our member-owners.Īs a locally owned and managed company, we’re always available to meet your day-to-day needs. Policies for the EMC are set by the Board of Directors – nine member/owners who represent three districts, serve three-year terms and are elected by members at the Annual Meeting in October. From residential and commercial to our industrial community, all of our customers are both members and owners of EMC we work hard to provide them with dependable, economical service. Today, EMC serves one of America’s fastest-growing communities with a progressive attitude toward the provision of power and customer service. Tremendous growth has occurred since then, and our customer base has increased from the original 691 members to over 70,000 currently. Coweta-Fayette EMC can trace its history back to 1945 when a group of citizens from Coweta, Fayette and Fulton Counties met to discuss the creation of a new rural electric cooperative.ĭistribution lines were purchased from two other EMCs in 1947, and the Cooperative was born.
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