USDA Approves Record $3.3 Billion Loan for Georgia Electric Generation Plant

U.S. Secretary of Agriculture Brooke L. Rollins announced a historic $3.3 billion loan from USDA Rural Development's Rural Utilities Service to Oglethorpe Power Corporation. This record investment will finance the Smarr Combined-Cycle electric generating facility in Monroe County, Georgia. The loan aims to bolster the nation's electrical grid, meet increasing energy demands, and provide reliable, affordable power for Georgia residents.