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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

Former Avista Trader Fined

LCG, Sep. 13, 2002--A fine of $155,000 was levied on former Avista electricity trader Robert Kristufek as part of a settlement with the Commodity Futures Trading Commission yesterday.

An investigation into market manipulation of settlement prices at Palo Verde and the California-Oregon Border led to the settlement, in which Kristufek did not indicate whether or not the charges against him were justified. The CFTC stated that Avista Energy Inc. "had entered into cash-settled over-the-counter option contracts whose value was based on the daily settlement prices of the electricity futures contracts at issue," prior to alleged wrongdoing by Kristufek. According to the agency, Kristufek "manipulated those settlement prices in order to increase Avista Energy's net gain on its option contracts."

The contracts in question traded on four days in the spring and summer of 1998, on the New York Mercantile Exchange. Related charges were settled last year against former Avista Vice President Thomas Johns and another former trader Michael Griswold. Kristufek has not been with Avista for four years, according to the company.
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