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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

Dynegy's Online Trading Site Shut Down

LCG, June 20, 2002--The online electric power and energy product trading site Dynegydirect ceased operations at the close of business yesterday.

The closure of the site, which was reportedly used by 2,300 buyers and sellers, followed layoffs of at least 50 traders. Site operator Dynegy Inc. served as a market maker on the site, acting as the other participant in sales and purchase transactions. Spokesman Steve Stengel said, "I can confirm that we have stopped electronic trading on Dynegydirect. We will continue to trade with customers in North America and the U.K. by phone."

Consolidation of energy-related business activities and a general retrenchment within energy trading in particular has occurred as companies try to improve their credit ratings. As a result, traders still doing business have commented on the loss of liquidity. Dynegydirect offered 750 products, including natural gas and coal as well as electric power.

On top of 340 employees who have been laid off by Dynegy, a senior executive, Rob Doty, the company's chief financial officer, has announced his resignation. Doty, who joined the firm in 1997, is being succeeded by Louis Dorey, the president of the energy marketing division.
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