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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

Dynegy Gets Out of Trading Business as President Steps Down

LCG, October 17, 2002-Dynegy's president resigned yesterday, as the energy company announced yesterday that it will cut 1,000 jobs and drop energy trading entirely.

President and Chief Operating Officer Steve Bergstrom resigned yesterday after occupying the position for less than a year. He replaced Chuck Watson earlier this year.

Dynegy initially intended to find a creditworthy partner in order to resume energy trading. The company found no such partner and decided to exit the trading business entirely, a move that will decrease the company's collateral requirement and therefore ease its financial restrictions. Dynegy will instead concentrate its business on energy assets.

Dynegy currently employs 5,500 people and is based in Houston, Texas. The company owns assets throughout North America and Europe and has 19,100 megawatts worth of power plant capacity in the U.S. alone.

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