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Fitch Affirms Oglethorpe Power Corporation's Commercial Paper at 'F1'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Oglethorpe Power Corporation's (OPC) $1 billion commercial paper (CP) notes at 'F1'. SECURITY The CP notes are unsecured obligations of OPC that rank on parity with all other unsecured indebtedness of the cooperative. The notes are subordinate to approximately $2.81 billion first mortgage bonds (taxable) and $981 million pollution control revenue bonds (tax-exempt), which are secured by a first mortgage lien on substantially all the cooperat

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