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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

Enron Reorganization Plan May Require More Time

LCG, Sep. 27, 2002--The interlocking activities and interests of various Enron subsidiaries are creating a need for an extension of the company's development of a reorganization plan, possibly until January of next year.

The company has requested a later filing date from the bankruptcy court overseeing claims of creditors who hope to recover some of what they loaned Enron. The date set is currently Oct. 1. In some cases, banks who dealt with Enron have been accused of masking the true financial condition of the company, and could thus be seen as partly responsible for the company's downfall. What any of them will recover remains open to question.

"Enron is the equivalent of having a handful of sand," Jack Williams, a Georgia State University law professor, told the Houston Chronicle. "It looks like a lot of stuff, but as you start to close your hand around it, most of it disappears. I think what they thought originally of as a potential plan is no longer even in the realm of possibility."

Creditors may be able to realize returns on claims sooner rather than later, if the company consolidates the ownership interests and assets of Enron subsidiaries under a single pool. If this is done to overcome the complicated structure of the company, those who leant funds to some of the stronger business units may receive less than they otherwise would. One of these units is Enron North America, which carried out a commodity trading function.

A hearing is set for Oct. 24 to determine whether an extension can be granted. If one is not granted by Judge Arthur Gonzalez, creditors' lawyers may compete with one another to offer alternative visions of how proceeds of asset sales or ownership stakes in a new company might be divided.
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