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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

FERC Money-Pool Conference Planned

LCG, Sep. 9, 2002--In keeping with a plan by the Federal Energy Regulatory Commission to set tighter controls on the cash flow between regulated and unregulated affiliates, the agency will hold a conference in two weeks with utility and other company input.

Some utilities are wary of such rules, as requiring an affiliate that borrows from a "money pool" managed by one part of a larger corporate entity to be rated investment-grade by a rating agency would not be immediately possible in many cases. Many affiliates currently do not receive any rating, as they do not raise their own financing. The Securities and Exchange Commission receives reports on a quarterly basis that detail transactions within a money pool, including the terms of any loans.

According to a pipeline industry group, a rating would require payments to a rating agency of at least $100,000 for the audit costs.
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