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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

Illinois Instates Two Year Rate Freeze

LCG, June 11, 2002--A two-year rate freeze was signed into law after passing through both Illinois congressional houses.

On Thursday, Illinois governor George Ryan signed the bill, which is intended to protect electricity consumers from high prices in the nascent wholesale electricity market. The rate freeze, which was already in place, will continue through 2006.

Some criticism has arisen regarding utilities profiting from the freeze due to low wholesale prices. The Illinois Commerce Commission reported that Commonwealth Edison Company, a utility which serves 3.4 million Illinoisans, might reap some $2 billion from the rate freeze extension, although the ICC asserted no official stance on the legislation. ComEd spokespeople assert that the freeze will do what it is intended to, meaning benefit consumers.

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