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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

Virginia's Transitional Rates Draw Notice by Suppliers

LCG, Jan. 15, 2002--The announcement of Virginia retail rates by the State Corporation Commission gives potential power suppliers a benchmark against which to consider supply offers.

The key figure is the "price to compare," to which a transition charge is added. The "price to compare" is the price a supplier will have to beat in order to draw a customer looking for a less expensive alternative to Virginia Power; those who do not switch do not pay the transition charge. Until price caps are lifted in 2007, any customer switching to an alternate supplier for electricity will pay a transition charge. That charge was established to compensate utiltiies for investments that were put in place before deregulation.

Some companies with the potential to become competitive suppliers have testified before the General Assembly subcommittee dealing with electric deregulation that the charge, which is 2.13 cents per kilowatt-hour, will hinder competition from taking root as long as it is kept in place. Such companies as Old Mill Power Co. of Charlottesville and AES New Energy Inc. may buy wholesale power and then sell it to retail customers, meaning they do not require their own generation resources.

Pepco Energy Services has been the first and only company to offer customers an alternative during 2002, when deregulation began in Virginia. Its rates, which are for "green power," exceed those of Virginia Power by 2 cents per kilowatt-hour when the transition charge is added. Dominion Retail, which is part of the same corporate entity as Virginia Power, was a supplier in an early pilot program, and will continue to be a supplier.

Any supplier that wants to be competitive with Virginia Power will need to offer a rate of 3.671 cents per kilowatt-hour or less.
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