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CONSOLIDATED STATEMENTS OF CAPITALIZATION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Secured Long-term debt:    
Total Secured Long-term debt $ 12,096,552 $ 11,940,359
Obligations under finance leases 52,937 61,335
Obligation under Rocky Mountain transactions 29,862 27,945
Other 5,152 2,256
Patronage capital and membership fees 1,257,917 1,192,127
Subtotal 13,442,420 13,224,022
Less: long-term debt and finance leases due within one year (384,426) (322,102)
Less: unamortized debt issuance costs (97,850) (96,588)
Less: unamortized bond discounts on long-term debt (22,710) (17,554)
Total capitalization 12,937,434 12,787,778
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.03% to 8.21% (average rate of 3.38% at December 31, 2023) due in quarterly installments through 2048    
Secured Long-term debt:    
Secured Long-term debt $ 2,663,385 2,758,753
Interest rate, average rate (as a percent) 3.38%  
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.03% to 8.21% (average rate of 3.38% at December 31, 2023) due in quarterly installments through 2048 | Minimum    
Secured Long-term debt:    
Interest rate (as a percent) 1.03%  
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.03% to 8.21% (average rate of 3.38% at December 31, 2023) due in quarterly installments through 2048 | Maximum    
Secured Long-term debt:    
Interest rate (as a percent) 8.21%  
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.44% to 4.01% (average rate of 2.94% at December 31, 2023) due in quarterly installments through 2044    
Secured Long-term debt:    
Secured Long-term debt $ 4,177,967 4,325,395
Interest rate, average rate (as a percent) 2.94%  
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.44% to 4.01% (average rate of 2.94% at December 31, 2023) due in quarterly installments through 2044 | Minimum    
Secured Long-term debt:    
Interest rate (as a percent) 1.44%  
Federal Financing Bank (FFB) | First mortgage notes payable to the Federal Financing Bank at interest rates varying from 1.44% to 4.01% (average rate of 2.94% at December 31, 2023) due in quarterly installments through 2044 | Maximum    
Secured Long-term debt:    
Interest rate (as a percent) 4.01%  
Public | First mortgage bonds payable: Series 2006 First Mortgage Bonds, 5.534%, due 2031 through 2035    
Secured Long-term debt:    
Secured Long-term debt $ 300,000 300,000
Interest rate (as a percent) 5.534%  
Public | First mortgage bonds payable: Series 2007 First Mortgage Bonds, 6.191%, due 2024 through 2031    
Secured Long-term debt:    
Secured Long-term debt $ 500,000 500,000
Interest rate (as a percent) 6.191%  
Public | First mortgage bonds payable: Series 2009B First Mortgage Bonds, 5.95%, due 2039    
Secured Long-term debt:    
Secured Long-term debt $ 400,000 400,000
Interest rate (as a percent) 5.95%  
Public | First mortgage bonds payable: Series 2009 Clean renewable energy bond, 1.81%, due 2024    
Secured Long-term debt:    
Secured Long-term debt $ 1,010 2,021
Interest rate (as a percent) 1.81%  
Public | First mortgage bonds payable: Series 2010A First Mortgage Bonds, 5.375% due 2040    
Secured Long-term debt:    
Secured Long-term debt $ 450,000 450,000
Interest rate (as a percent) 5.375%  
Public | First mortgage bonds payable: Series 2011A First Mortgage Bonds, 5.25% due 2050    
Secured Long-term debt:    
Secured Long-term debt $ 300,000 300,000
Interest rate (as a percent) 5.25%  
Public | First mortgage bonds payable: Series 2012A First Mortgage Bonds, 4.20% due 2042    
Secured Long-term debt:    
Secured Long-term debt $ 250,000 250,000
Interest rate (as a percent) 4.20%  
Public | First mortgage bonds payable: Series 2014A First Mortgage Bonds, 4.55% due 2044    
Secured Long-term debt:    
Secured Long-term debt $ 250,000 250,000
Interest rate (as a percent) 4.55%  
Public | First mortgage bonds payable: Series 2016A First Mortgage Bonds, 4.25% due 2046    
Secured Long-term debt:    
Secured Long-term debt $ 250,000 250,000
Interest rate (as a percent) 4.25%  
Public | First mortgage bonds payable: Series 2018A First Mortgage Bonds, 5.05% due 2048    
Secured Long-term debt:    
Secured Long-term debt $ 500,000 500,000
Interest rate (as a percent) 5.05%  
Public | First mortgage bonds payable: Series 2020A First Mortgage Bonds, 3.75% due 2048    
Secured Long-term debt:    
Secured Long-term debt $ 450,000 450,000
Interest rate (as a percent) 3.75%  
Public | First mortgage bonds payable Series 2022A First Mortgage Bonds, 4.50% due 2047    
Secured Long-term debt:    
Secured Long-term debt $ 500,000 500,000
Interest rate (as a percent) 4.50%  
Public | First mortgage bonds payable: Series 2022A First Mortgage Bonds 6.20% due 2053    
Secured Long-term debt:    
Secured Long-term debt $ 400,000 0
Interest rate (as a percent) 6.20%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: 2013A Appling, Burke and Monroe, Term rate bonds, 1.50% through April 1, 2020, due 2038 through 2040    
Secured Long-term debt:    
Secured Long-term debt $ 212,760 212,760
Interest rate (as a percent) 1.50%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017 A, B Burke, Indexed put bonds - weekly reset, 4.61% due 2040 through 2045    
Secured Long-term debt:    
Secured Long-term debt $ 91,645 91,645
Interest rate (as a percent) 4.82%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017 C, D Burke, Remarketed in 2018 to fixed rate bonds, 4.125%, due 2041 through 2045    
Secured Long-term debt:    
Secured Long-term debt $ 200,000 200,000
Interest rate (as a percent) 4.125%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series 2017E Burke, Remarketed in 2018 to term rate bonds, 3.25% through February 3, 2025, due 2041 through 2045    
Secured Long-term debt:    
Secured Long-term debt $ 100,000 100,000
Interest rate (as a percent) 3.25%  
Georgia Development Authorities | First mortgage notes issued in connection with the sale of pollution control revenue bonds: Series2017F Burke indexed put bonds-weekly reset, 5.07% due 2040 through 2045    
Secured Long-term debt:    
Secured Long-term debt $ 99,785 $ 99,785
Interest rate (as a percent) 5.07%