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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

CP&L to Call Itself 'Progress Energy'

LCG, Dec. 4, 2000--From now on, just call Carolina Power & Light Co.'s parent holding company "Progress Energy." CP&L Energy Inc. did not say in a news release this morning whether the new company name takes an "Inc." or a "Corp."

But it's a welcome departure from recent industry practice in that the new company name incorporates the word "Energy" and is in English.

The new holding company, created by CP&L Energy's acquisition of Florida Progress Corp., intends to put the "Progress" moniker on everything except Carolina Power & Light and Florida Power Corp., its two operating utilities. However, the company will gussy up the company trucks, bills and other things with a new red and gold trademark.

The company created by the merger of two big Southeast utilities is one of the top 10 U.S. generators of electricity, with more than 19,000 megawatts of total capacity. It serves about 2.8 million customers in the Carolinas and Florida and has over $7 billion in annual operating revenues.

"Progress Energy is built on the strength of two solid companies with long traditions of service toour customers and communities," said William Cavanaugh, chairman, president and chief executive. "Our financial strength and stability position the company to deliver reliable, reasonably priced energy to the communities we serve."

He added, "Our increased size and assets provide us with a platform for growth and the ability to compete in any business environment. Although we are structured for stability, we have no intention of standing still."

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