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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

Spanish Regulators Due to Rule on Endesa-Iberdrola Deal

LCG, Jan. 10, 2001Spanish regulators were to rule today on the planned acquisition of Iberdrola by Endesa, a combination which if left alone would result in a company controlling more than 80 percent of Spain's power supply.

People familiar with the Spanish competition tribunal say that its criterion will be that the combined company control a maximum of 40 percent of the separate sectors of the country's electricity business. The companies have expressed willingness to cut back their combined generating capacity to 40 percent of the market, but they had planned to keep at least half of their 8 million retail customers and almost two-thirds of the Spanish transmission and distribution business.

In making its offer for Iberdrola, Endesa trumped a bid by Gas Natural, an affiliate of Repsol YPF, and now Repsol is the most vocal critic of the Endesa-Iberdrola combination. Repsol want the deal blocked until the companies provide a list of the businesses they are willing to divest and a timetable for disposing of them.

Endesa and Iberdrola have both said that government conditions imposed on the merger could scotch the deal if they were too severe. Iberian observers pooh-pooh such talk as rhetoric aimed at speeding up the approval.

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