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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

California Power Purchase Bonds Closer to Reality

LCG, Feb. 1, 2002-The California Public Utility Commission appears ready to issue a plan for the state to issue $12.5 billion of revenue bonds to repay California for purchases of electricity made on behalf of investor-owned utilities.

A vote on by the full PUC on the proposal is expected by Feb. 21. The major issue surrounding such bonds concerns how much of the revenue from ratepayers' electricity purchases would go to the Department of Water Resources, which made purchases of power beginning last year, and how much would be used to repay bondholders. Despite some opposition from consumer groups to the prices at which power has been purchased, a draft "rate agreement" was welcomed by Gov. Davis, who called it "a significant step in the right direction to get energy bonds sold."

State Treasurer Phil Angelides' office had no comment yesterday, but said in a statement that passage of a bond measure would involve numerous hurdles. Angelides had been disappointed in October of last year when Loretta Lynch, head of the PUC, would not approve a rate agreement in October because she considered the long-term contracts with suppliers to be too expensive.

The revised plan calls for "best efforts" by the DWR to gain better terms for the long-term purchases. Nettie Hoge, of the Utility Reform Network, said the plan "takes all these overcharges and gives them phony names. Nobody is going to be able to understand anything about what the bill means."

PUC commissioner Richard Bilas noted that although the new plan is a step away from the PUC's earlier position, "we're getting precariously close to the point where if we don't issue bonds pretty soon the state's going to be in very serious trouble."
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