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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

Water Authority to Bid for Nevada Power

LCG, Aug. 23, 2002--Nevada Power, which has seen its credit rating fall into junk territory after its last rate case was rejected, has said it received a letter from the Southern Nevada Water Authority (SNWA) indicating an offer to buy the power utility is forthcoming.

The Southern Nevada Water Authority has a high-quality credit rating, and has engaged Morgan Stanley & Co. to assist in developing a planned $1.2 billion bid. SNWA says that not only would it be able to refinance $2 billion of the power utility's debt, but that it could lower rates for power customers by 20 percent. About half of the recent $922 million rate increase that was sought by Nevada Power was granted, while the rest was declared to have been incurred imprudently. Much of Nevada Power's debt resulted when it bought expensive power on the spot market in 2001.

The SNWA serves nearly the same customers as Nevada Power. "If they can solve this and provide a huge reduction in rates to the customers, then the governor's going to be doing cartwheels," Ronald Tanner, an analyst with Legg Mason, told Reuters.
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