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History

1975		Formation: MEAG Power is created as a public power entity by an Act of the Georgia General Assembly on March 18, 1975. Prior relationships with energy providers had left cities vulnerable to supplier’s ratemaking and service delivery. The formation of MEAG Power gives cities an option and enables local governments to control their energy decision-making. Forty-seven Georgia communities elect to join MEAG Power immediately. The city of Oxford joins in l986 and Acworth joins in 2002, bringing the total to 49.
1999		Creation of Municipal Competitive Trust: In 1999, MEAG helps Participants form the Municipal Competitive Trust to ready them for deregulation. While such legislation does not come to Georgia, the Competitive Trust helps Participants manage their long-term financial security. The Competitive Trust has been applauded by the credit rating industry and has been instrumental in securing low cost funding for MEAG Power and our Participants.
2004		Extension of Power Sales Contracts: In 2004, Participants vote unanimously to extend their power sales contracts for another 50 years. MEAG Power is one of the first public power organizations to do so and immediately takes advantage of low interest rates. As a result, Participants, as of 2026 will see annual billing reductions totalling approximately $135 million.
2004		Combined Cycle Project at Plant Wansley Completed: This state-of-the-art natural gas-fired facility enhances MEAG Power’s generation resources and broadens the company’s fuel portfolio, thus expanding dispatch selection options. Fuel diversity gives MEAG Power the ability to lower Participants’ costs by buying and selling energy in the most favorable arena.
2005		Expansion of Nuclear Plant Vogtle Considered: The price volatility of fossil fuels, government incentives to pursue nuclear powered generation and the projected need for more energy prompted the owners of Plant Vogtle, including MEAG Power, to consider adding two new units to the facility.
2006		ITS Agreement Extended: Co-owners approved the extension of the Integrated Transmission System contract to 2027 thus ensuring a seamless transmission grid throughout the state.
2008		Plant Vogtle Expansion Moves Ahead: A number of MEAG Power Participants sign Power Purchase Agreements to take a certain percentage of generation from the new nuclear units if, and when, they are put in service.