EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

LG&E to Sell Interests in Three Small Virginia Plants

LCG, Dec. 4, 2000--The LG&E Power Inc. subsidiary of LG&E Energy Corp. said Friday that it has entered into an agreement with Virginia Electric & Power Co., a unit of Dominion Resources Inc., to sell its equity interests in three 70 megawatt coal-fired cogeneration power plants in Altavista, Hopewell and Southampton, Va.

LG&E said that under the agreement, the plant owners and Virginia Power may exercise their options during early 2001. If exercised, the purchase price will be a combination of cash and the assumption of the projects' contracts and debts. LG&E owns 50 percent of the projects, which began commercial operations in 1992.

An affiliate, LG&E Power Services Inc., will continue to operate the three facilities underseparate contracts with Dominion Virginia Power. Other owners of the projects are subsidiaries of coal company Westmoreland Energy Inc., which owns 30 percent, and Fourfold Cogeneration Corp., a subsidiary of Chrysler Financial Corp., which owns 20 percent.

"We continually look for ways to maximize the value of our assets," said George Basinger, LG&E Energy's senior vice president of independent power operations. "In this instance, it was clearly more beneficial to sell the plants than to retain them."

LG&E said the agreement "is subject to certain regulatory approvals."

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service