How could the $3.3 billion loan to Oglethorpe Power affect ARC?
ARC's scope expands with $3.3 billion loan deployment to Oglethorpe Power The $3.3 billion loan granted by USDA Rural Development to Oglethorpe Power represents a significant deployment of funds within the agency's rural infrastructure programs. As ARC is a program formally administered by USDA Rural Development, this large-scale financing action demonstrates the program's capacity to support major energy projects. This investment helps Oglethorpe Power finance its Smarr Combined-Cycle electric generating facility in Monroe County, Georgia, strengthening the nation’s electrical grid.
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How it reaches ARC
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On October 14, 2026, USDA Rural Development granted a $3.3 billion loan to Oglethorpe Power Corporation. The funds are designated to finance the Smarr Combined-Cycle electric generating facility located in Monroe County, Georgia. This loan is the largest ever delivered by USDA Rural Development’s Rural Utilities Service.
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USDA Rural Development administers the ARC program, which provides programs to provide infrastructure to rural communities. The deployment of a $3.3 billion loan for a major energy facility is a concrete example of the scope and function of this administered program.
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The facts so far
As reported. Each one links to where it comes from.
- USDA Rural Development granted a $3.3 billion loan to Oglethorpe Power Corporation.rfdtv.com
- The loan is for Oglethorpe Power’s Smarr Combined-Cycle electric generating facility in Monroe County, Georgia.rfdtv.com
- The loan is the largest ever delivered in the history of USDA Rural Development’s Rural Utilities Service.rfdtv.com
- Oglethorpe Power is owned by 38 electric distribution cooperatives that serve nearly 5 million people across Georgia.rfdtv.com
Why it matters
For ARC, this deployment of funds validates the program's ability to finance large-scale, critical infrastructure projects, such as the Smarr Combined-Cycle facility. It demonstrates the program's role in supporting the nation's electrical grid and helping keep electricity affordable for Georgia families and businesses.
This action is part of a broader focus by USDA Rural Development on investing in rural America's energy infrastructure.
What we don't know yet
- Will the ARC program expand its focus to include more large-scale energy generation projects?
- How will the $3.3 billion loan deployment specifically be tracked or reported through the ARC system?
Is this still moving?
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- 1
- Repetition
- 50%
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