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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

Federal Judge Finds Legal Basis for PG&E Utility Rate Case

LCG, July 31, 2002-Federal Judge Vaughn Walker ruled that the Pacific Gas & Electric California utility had legal basis for its contention that state regulators unfairly prevented it from raising customer rates.

Pacific Gas & Electric utility filed for bankruptcy last year during the California energy crisis, when disparity between wholesale electricity rates and mandated customer rates stretched the utility's finances.

The utility wants to recover as much as $8.1 billion from customers and charges that the rate freeze prevented the utility from staying out of the red.

Judge Walker ruled that the utility had legal ground to stand on and a case management conference has been set for August 16.

State regulators contend that PG&E took in billions in surplus money before the energy crisis because of the rate freeze, $7.1 billion of which was used to pay dividends, buy back stock, and retire debt.

PG&E has over $13 billion in outstanding debt.

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