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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

Sierra Pacific Says Portland General Deal Kaput

LCG, April 27, 2001--Sierra Pacific Resources Corp. owner of both Nevada electric utilities, said yesterday its deal to buy Enron Corp.'s Portland General Electric Co. subsidiary has been terminated by mutual agreement.

Last month, Enron Chief Executive Jeffrey Skilling said that the transaction had only a "5 percent probability" of going through, citing regulatory changes in Nevada which would affect Sierra Pacific's ability to consummate the deal.

A month ago, Nevada regulators told Nevada Power Co. and Sierra Pacific Power Co. to hold off on selling their power plants because of fears that California's energy crisis could spread across the border. Last week, the Nevada legislature officially put electric deregulation on hold, and the measure was immediately signed into law.

Sierra Pacific Resources had planned to use the proceeds from its power plant sales to pay Enron for its Portland, Ore., utility.

"While this acquisition would have offered many efficiencies in utility distribution for customers in both Nevada and Oregon, completing it was becoming increasingly difficult in the current market andpolitical environment in the west," said Walt Higgins, Sierra Pacific Resources chief executive.

Skilling said in a statement yesterday "As we have discussed in the past few weeks, the energy markets in California and Nevada have led to a regulatory and legislative environment that has made this transaction increasingly difficult to complete."

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