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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

Shareholders Approve CP&L Acquisition of Florida Progress

LCG, Aug. 17,2000--Shareholders of CP&L Energy Inc. yesterday approved the pending acquisition of Florida Progress Corp., with 98 percent of those casting ballots favoring the merger. FPC shareholders followed suit this morning with a 96 percent vote in favor.

The combination will create one of the 10 largest generators of electricity in the U.S., with total capacity of more than 19,000 megawatts. The new company will also be one of the top utilities in the U.S. Southeast, with more than 2.8 million customers.

CP&L Energy is parent holding company for Carolina Power & Light Co. which serves about 1.2 million electricity customers in the Carolinas, and FPC is that of Florida Power Corp., which has some 1.4 million customers in its state.

" Once this acquisition closes, we will have size, capacity, assets and a customer base to put CP&L in a position to effectively compete in any business environment," said William Cavanaugh, chairman, president and chief executive.

" We intend to strengthen those customer relationships and utilize our generation assets to go after a larger share of the region's fast-growing wholesale energy market," he promised.

Cavanaugh will continue in his positions following completion of the transaction. The company will continue to be called CP&L Energy until a new name is thought up.

The acquisition still must be approved by the North Carolina Utilities Commission and the Securities and Exchange Commission.

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