Oglethorpe Power Corporation agreed to acquire Effingham Energy Facility in Sabannah, GA from The Carlyle Group Inc. (NasdaqGS:CG) for approximately $230 million on March 30, 2021. The 511 MW Combined Cycle Generating Plant purchased for $455/KW. Oglethorpe will fund the acquisition with available liquidity including commercial paper and its credit facilities. Oglethorpe will submit an RUS loan request to permanently finance the acquisition. The transaction is expected to close in April 2021.