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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

Cogentrix Puts Itself Up for Sale

LCG, Oct. 26, 2001--Cogentrix Energy Inc., the privately-owned independent power producer, has dropped plans for a public offering of its stock and has instead hired investment banker Goldman Sachs & Co. to find a buyer, Reuters news agency reported yesterday.

With the nation's stock markets in the doldrums, Cogentrix has scrapped plans for an initial public offering and instead expects to realize between $1.5 billion and $2 billion in a direct sale to an energy company looking to broaden its base in independent power production.

Cogentrix, which earned $51.5 million on revenues of $551 million last year, owns outright or has partial ownership in 28 power plants in 14 U.S. states. Its total generation capacity is about 7,800 megawatts.

Because Cogentrix is privately owned, financial information about the company is not available through usual channels, but Reuters said documents detailing the company's financial position have been floating on Wall Street.

At least three energy companies -- Dominion Resources Inc., Dynegy Inc. and El Paso Corp. -- are said to have expressed interest in Cogentrix.

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