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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

AEP Buys Two Edison International UK Power Plants

LCG, Oct. 8, 2001--American Electric Power Co. Inc. said this morning it had agreed to buy 4,000 megawatts of coal-fired generation in the UK from U.S. company Edison Mission Energy in a deal valued at $960 million.

AEP said the purchase prices for the 2,000 megawatt Fiddler's Ferry plant and the 2,000 Ferrybridge station worked out to an attractive $240 per kilowatt.

Edison Mission Energy, a subsidiary of Edison International Inc. and sister company to beleaguered utility Southern California Edison Co., found no joy in the numbers and said it will take an after-tax write-off of about $1.18 billion on the deal.

Edison paid PowerGen Plc about $2 billion for the power plants just over two years ago.

"This investment has been a major disappointment for (us)," said Al Fohrer, Edison Mission Energy's president and chief executive. "While the plants have run well, given the market conditions, the operating losses and cash requirements likely to result in the foreseeable future from the existing debt structure were too large to maintain our ownership position. It is time to sell the plants, reduce our debt and eliminate the drag on our financial performance."

AEP, on the other hand, believes owning the two power plants will increase its earnings by about 6 cents per share next year.

"The acquisition is consistent with the strategic objectives of our European business, which is to build a trading, marketing and optimization business across key aspects of the wholesale fuel and power generation value chain in Europe," said E. Linn Draper, AEP's chairman, president and chief executive.

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