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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

Texas Utilities Allowed Rate Increase For Fuel

LCG, Aug. 9, 2002--Texas utilities that were not granted a rate increase by the Texas Public Utility Commission were allowed by a state district judge to include rate increases for fuel purchases.

The PUC had sent the rate case by the utilities to the State Office of Administrative Hearings several weeks ago, and will review the rate case on Sept. 25, as planned. The companies include Reliant Resources and TXU Corp., among others. Injunctive relief is being permitted by Judge John Dietz until the PUC hears the rate case, or seeks an appeal to the injunction.

Fuel price increases of at least 4 percent over a 10-day period are to be justification for rate increases by utilities up to two times per year, according to rules on rates. The PUC had expressed concern about natural gas pricing, while an administrative law judge conclued that rate increases could lead to large profits. Dietz said of the PUC's denial of the increase, "I find this is an arbitrary and capricious exercise of its power."

Energy marketers who wish to compete with the utilities as alternative suppliers may have a better chance of undercutting the utilities' prices, said Chris Reeder, a lawyer representing Green Mountain, AES New Energy and Strategic Energy.
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