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Oglethorpe Power Announces Selection of Kiewit Subsidiary as EPC Partner for New 1,425-MW Combined-cycle Facility in Georgia

LCG, January 13, 2026--Oglethorpe Power today announced it has selected Kiewit Corporation through its subsidiary, The Industrial Company (TIC), as the Engineering, Procurement and Construction (EPC) partner for its new combined-cycle (CC), natural gas-fired power plant in Monroe County, Georgia. The new, 1,425-MW facility represents a capital investment of more than $3 billion. Commercial operation of the new generation capacity is planned to commence in 2029.

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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Industry News

Hidrocantábrico Ousts TXU’s Turberville

LCG, July 13, 2000--Phil Turberville, chief executive of TXU Corp.s TXU Europe unit, has been removed from the permanent committee responsible for the day-to-day operations of Spains fourth-largest electric generation company, Hidroelctrica del Cantbrico.

The action by Hidrocantbricos board, of which Turberville remains a member, is in response to suspected collusion between TXU Europe and Belgian electricity distributor Electrabel in acquisition of 15 percent of Hidrocantbrico's shares last week, circumventing Spain's takeover code which requires any accumulation of 25 percent or more of a companys shares to proceed to full takeover.

In March, TXU owned 5 percent of Hidrocantbrico when it launched a takeover bid. It doubled its stake to 10 percent and subsequently added another 3.94 percent, bringing its ownership in the Spanish company to 13.94 percent.

Last week, TXU added another 5.26 percent stake in Hidrocantbrico, bringing its interest to 19.2 percent, still well short of the mark that would trigger a full takeover. At the same time, and at the same price, Electrabel bought a 10 percent interest in Hidrocantbrico, and Turberville was alleged to have held talks with Electrabel officials.

TXU denied any irregularities, saying "The only relationship we have had with Electrabel is an agreement that if they are forced to sell their Hidrocantbrico shares, by competition authorities, we would have an option to purchase them."

Electrabel also denied that the company was acting in concert with TXU in order to take control of Hidrocantbrico.

The twin deals are being investigated by Spanish stock market regulators, a move endorsed by the Hidrocantbrico board.

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